Week of Oct 20, 2026

Kardigan secured $254 million in Series B financing to accelerate drug development and expand manufacturing capabilities.

Nouscom raised $135 million in Series D funding to advance its immunotherapy platform and expand clinical development capabilities.

Candel Therapeutics secured a $130 million loan facility to fund ongoing clinical development and operational expansion.

SonoThera completed a Series B financing round of $125 million to advance its therapeutic platform.

Aspen Neuroscience filed an S-1 registration with the SEC to raise up to $100 million and list on Nasdaq under ticker ASPE, developing stem cell therapies for Parkinson's disease.

Aureka raised $100M Series B to advance AI-driven drug discovery platform toward clinical trials and expand laboratory operations in Irvine.

Citigroup is spinning off its Mexican consumer banking subsidiary Banamex through an IPO targeted for early 2027, seeking to raise over $3 billion via a major underwriting syndicate led by nine global financial institutions.

Liberty Mutual Investments and Elda River Capital Management formed a strategic partnership targeting up to $500 million in capital deployment.

U.S. subsidiary of Catalina Holdings filed for Chapter 11 bankruptcy protection with approximately $280 million in funded debt and is negotiating a $20 million creditor deal.

Reserv announced a $125 million Series C round led by KKR for its property and casualty insurance claims administration and claims-intelligence platform.

Primer announced a $100 million Series C round to build its AI-enabled operating layer for global payments and finance.

Hippo entered into a strategic partnership with The Baldwin Group involving sale of Hippo's homebuilder distribution network to Baldwin for $100 million and distribution of Hippo's new construction product through Westwood Insurance Agency.

SpaceX agreed to acquire Grain Management's 800 MHz nationwide spectrum portfolio for approximately $8 billion.

Singapore-based data center operator DayOne filed for a Nasdaq IPO under ticker DODC, targeting up to $5 billion at a $20 billion valuation with 2.3GW of Asia-Pacific bookings.

Jio Platforms, India's largest telecom operator, announced plans to launch an IPO to raise up to $3.2 billion to fund expansion and operations.

IonQ signed a definitive agreement to acquire cybersecurity provider Elisity in an all-stock transaction valued at up to $1.3 billion, including up to $150 million in performance-based earnouts.

Modal raised $750 million in Series D funding led by Accel to expand its AI infrastructure platform.

Celero Communications raised $275 million in Series C funding led by Atreides Management, Valor Equity Partners, and CapitalG, bringing total capital raised to $415 million and valuing the company at over $3 billion.

Getty Images filed for Chapter 11 bankruptcy with a prepackaged restructuring plan after the failed Shutterstock merger, reporting a $206 million net loss.

Wonderful, an enterprise AI agent platform, raised $150 million in Series B funding at a $2 billion valuation to expand deployments across telecom, finance, healthcare, and manufacturing.

Salience Labs raised $125M in Series B funding led by Bullhound Capital to advance optical technologies for AI and datacom applications.

Town raised $108M in Series B funding at a $1B valuation to expand its AI assistant platform for team collaboration.

Labelbox raised $100 million-plus in Series E funding to advance reinforcement learning and enterprise AI agents for data labeling and training.

Zetwerk Manufacturing Business Limited filed its Draft Red Herring Prospectus for a main-board IPO with a total issue size of ₹5,012.33 crore (~$600 million), comprising ₹2,160 crore fresh issue and ₹2,182.33 crore offer-for-sale.

Oxide Computer raised $445M Series D led by Eclipse to fund component procurement and expand manufacturing capacity to meet demand that exceeds current production.

FormFactor received a $300 million strategic equity investment from Teradyne to support expanded probe-card production capacity amid surging AI-driven semiconductor test demand.

Teradyne committed a $300 million strategic investment in FormFactor, linking two semiconductor test-equipment suppliers amid AI-driven chip demand straining back-end capacity.

ICON raised $200M Series D co-led by Baillie Gifford and BlackRock to fuel manufacturing and deployment of robotic construction systems, expand R&D, and scale across multiple U.S. markets.

A judge halted Cable One's $480 million acquisition of Mega Broadband, freezing a major US cable consolidation deal and leaving both operators in legal limbo pending court proceedings.

OYO Hotels raised US$1 billion in a funding round led by SoftBank Vision Fund with participation from Lightspeed, Sequoia, and Greenoaks Capital to expand operations across India, China, Malaysia, Nepal, and the UK.

Adani Airport Holdings raised approximately US$1 billion in new equity from Alpha Wave Global, Premji Invest, Temasek, and BlackRock at an US$18 billion pre-money valuation to expand capacity across its eight-airport portfolio to 200 million annual passengers.

Juneyao Air released a prospectus with China's securities regulator announcing an IPO to raise approximately 1.9 billion yuan ($304 million) in Shanghai to fund fleet expansion of seven Airbus A320 jets.

Budget airline Tiger Airways filed prospectus seeking to raise up to $273 million through IPO on Singapore exchange to fund US$4.8 billion aircraft fleet expansion.

Pickalbatros closed $250 million in sustainability-linked financing from the IFC and Attijariwafa Bank to fund its Morocco expansion.

Home-swapping network Kindred landed $125 million in funding.

Booking Holdings plans to invest $100 million in AI travel agent Vayo as part of a funding round.

White Rhino's Series C reached $100M total in combined tranches as of October 8, with a C2 close led by Hidden Hill Capital to fund end-to-end driving systems and broader city network expansion.

Malaysia's largest pharmacy chain Big Caring launched an IPO to raise up to $600 million, planning to list on Bursa Malaysia by mid-November with 1.9 billion shares representing 25.5% of enlarged capital.

Home improvement retailer Mr DIY Group raised RM1.5 billion (approximately $362 million) through its Main Market IPO listing on Bursa Malaysia at RM1.60 per share, the largest IPO on the exchange in three years.

Gen Restaurant Group's board approved the sale of all 47 Gen Korean BBQ locations to Chubby Cattle Group for $100 million, with a binding letter of intent signed. Gen retains its brand name, CPG business, and three locations for training and R&D.

Wellness company Nourish raised $100 million in a funding round.