News
Morgan Stanley says Firmus could be worth as much as $128b
Morgan Stanley research values AI chip rental firm Firmus at up to $128 billion ahead of its planned IPO next month; four banks will manage the float.
Investor · 1 deal
Bank of America
Disclosed deals
Every published round Bank of America took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Portfolio
Companies Bank of America has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Xpansiv | Jan 2023 | 1 | 0 |
Funds
Fund closes reported for Bank of America, as distinct from the investments it has made.
Portfolio companies acquired
Companies Bank of America has backed that another company then bought. An exit for the holding, not a deal Bank of America did.
People
| Name | Role | Sources |
|---|---|---|
| Brian Moynihan | CEO | Blackbird Ventures portfolio |
| David Wood | Head of Investment Banking (former) | Afterwork Ventures portfolio |
Coverage
Stories naming Bank of America. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
2 deals
Australia's Firmus raises $505M from Coatue and Nvidia at $5.5B valuation ahead of $2B IPO
Firmus, an Australian builder of AI data centres, has banked $505 million from Coatue and Nvidia at a $5.5 billion valuation, with a $10 billion debt facility already secured and a sharemarket float planned.
9 deals
The Week in AgriFoodTech: New climate tech deals in Europe, banks urged to stop funding livestock
Weekly roundup: European climate and food startup raises, an Australian biotech's funding, Rappi buying Fountain9, Motif FoodWorks shutting down, a new Certis CEO, and a letter pressing banks over livestock lending.
20 deals
The top 20 agtech deals of 2023
A year-end countdown of 2023's twenty largest agtech funding rounds, from biofuels and carbon marketplaces to farm robotics, with EcoCeres' $400 million raise at the top.
Also AgFunderNews
Series A
US$29m
Volopay strengthens its leadership team with the hire of Nirvikar Jain
Volopay appoints Nirvikar Jain as Global Business Officer to drive its Australian expansion, and the piece recalls the company's US$29 million Series A backed by JAM Fund, Winklevoss Capital, Rapyd Ventures and others.
Also Australian FinTech
Seed
US$4m
Investment Notes: Cyble
Blackbird's investment note explains why it co-led cyber intelligence startup Cyble's US$4 million seed round with Spider Capital, describing the dark web monitoring product, its founders, and its Y Combinator background.
Funding announcement
Spotlight on Tim Brewer and Damian Bramanis - co-founders of Functionly
AfterWork Ventures profiles Functionly's co-founders Tim Brewer and Damian Bramanis, recalling its own late-2020 pre-seed investment and the earlier angel backing from Andrew Larsen and David Wood.