Q1 VC boom

Four outsized rounds dominated the quarter’s top line: OpenAI, Anthropic, xAI and Waymo accounted for the largest mega-deals that skewed Q1’s totals and concentrated capital into a handful of companies. (techcrunch.com) SpaceX has confidentially filed for an IPO and is reportedly targeting a valuation near $1.75 trillion with a potential June listing and plans to raise more than $75 billion in the offering. (techcrunch.com) Startale Labs’ public profiles show the company has approximately $70 million in cumulative funding to date, while earlier extended-seed injections of about $3.5 million came from Samsung NEXT and UOB Venture Management. (tracxn.com) Midas closed a $50 million Series A led by RRE Ventures and Creandum with participation from Framework Ventures and Coinbase Ventures, bringing its total disclosed funding to roughly $58.75 million as it rolls out an “instant redemption” MSL liquidity product. (coindesk.com) Megapot confirmed a $5 million pre-seed led by Dragonfly with participation from Coinbase Ventures and others to scale an on-chain lottery product, per the company’s announcement. (megapot.io) SwapCult’s $3 million strategic raise came after the platform reported surpassing $150 million in cumulative swap volume, a metric the company cited when announcing the round. (markets.businessinsider.com) Kairos published a technical whitepaper alongside a $2.4 million raise that it says will fund development of a permissionless, noncustodial interest-rate-swap protocol for the EVM. (chainwire.org) Chennai-based fintech Uncia closed about $3 million in a seed round led by Pavestone to expand its AI-native lending infrastructure for banks and non-bank financial companies and pursue overseas growth. (indiahood.com)