Lovable is reportedly in the process of raising $150 million in a new funding round that would value the company at approximately $2 billion—just months after its pre-Series A. The round is expected to be led by Accel, with participation from Creandum, 20VC, and others. Founded by Anton Osika and Fabian Hedin, Lovable enables non-developers to create fully functional web applications using intuitive no-code tools. Its platform streamlines app development across sectors such as technology, finance, and healthcare.
DailyPay closed a $200 million asset-backed securitization facility, backed by Citi and Barclays, adding to nearly $1 billion in total debt financing secured by its on-demand pay receivables. Founded by Jason Lee and Robert Law, DailyPay provides real-time access to earned wages, helping employees manage their finances between paychecks. The platform is used by over 80% of Fortune 200 companies and continues to scale rapidly, solidifying DailyPay’s position as a leader in the on-demand pay solutions market. Its suite of financial wellness tools helps employers boost retention and engagement while supporting workers' overall financial well-being.
MaintainX raised $150 million in Series D funding, doubling its valuation to $2.5 billion. Founded by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengère-Gosselin, and Nick Haase, the company offers an AI-enhanced platform for equipment maintenance and asset management. The round included participation from Bessemer Venture Partners, Bain Capital Ventures, Amity Ventures, and D.E. Shaw Ventures. MaintainX supports over 11,000 companies globally, helping manage more than 11 million assets. Its AI-powered tools minimize downtime and costs while enhancing—rather than replacing—human expertise in industrial operations.
Xpanceo raised $250 million in a Series A funding round, becoming a unicorn at a $1.35 billion valuation as it develops smart contact lenses with features like night vision, zoom, and real-time health tracking. The round was led by Hong Kong’s Opportunity Venture. Founded in 2021 by Roman Axelrod and Valentyn Volkov, the company aims to replace smartphones and smartwatches with extended reality lenses. By integrating nanotechnology, optics, and AI, the startup is reshaping the future of immersive, wearable computing.
iCapital raised over $820 million in a funding round co-led by SurgoCap Partners and T. Rowe Price, boosting its valuation to more than $7.5 billion. Founded by Dan Vene, John Robertshaw, Nick Veronis, and Phil Pool, iCapital is a fintech platform that streamlines access to alternative investments for wealth managers, asset managers, and banks. Its end-to-end technology simplifies workflows and offers curated private market opportunities for high-net-worth clients, enhancing diversification and portfolio performance.
Bilt Rewards raised $250 million in a funding round led by General Catalyst and GID, tripling its valuation to $10.8 billion. Founded by Ankur Jain, Bilt is the first platform that turns rent and housing payments into rewards, helping users build credit and work toward homeownership. Members earn points redeemable for travel, rent credits, fitness, or loan payments, with added perks through the Bilt Mastercard® and Neighborhood Benefits™ at partner merchants.
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