· Investment Strategies · 5 sources · Updated · Verified
September 10–11 VC News: TAR ~$1B, Pinegrove $1.5B, Enflame $912M IPO
By Venture Capital Tracker Editorial
Prior tape: September 9–10 Harvey / Clay / Covenant. Month hub: September 2026 VC news.
Deep dives on this tape
| Date | Entity | Amount | Type | What is actually known | Follow-up |
|---|---|---|---|---|---|
| Sep 10 | TAR | $120M at ~$1B | Series A | Spark led (Bloomberg). No named offtaker. June 20 MW is still a claim. | TAR memo |
| Sep 10 | Pinegrove | $1.5B | SIF XII close | FoF + co-invest. $15B+ is platform AUM. Florida SBA named. | Pinegrove memo |
| Sep 11 | Enflame | $912M (~¥6.12B) | STAR IPO | 688801.SS. Close +179%. Tencent 83.79% of 2025 sales. Not profitable. | Enflame memo |
Roundup only
Seed Capital — €130M Fund V (Copenhagen)
Tech.eu (September 11): Copenhagen Seed Capital closed Fund V at €130 million. 15–17 companies; first checks €3–6 million; Sweden expansion; cybersecurity/resilience added to fintech and AI B2B. Named Fund V checks: Repodo, Oplane. Track-record names in the piece: Flatpay, Trustpilot, VEO, Lunar, Templafy. Christian Brøndum as managing partner; Geeta Schmidt as GP. ** Not a standalone memo this pass.
Wittington Ventures — C$180M Fund III (Toronto)
BetaKit (September 10): C$180 million Fund III (Canadian dollars). Series A/B; climate, commerce, consumer, healthcare, food. 50% above the C$120 million 2022 fund. BetaKit printed $820 million AUM for the platform — treat the AUM currency as not independently restated in USD here. LP: Wittington Investments (Weston family) plus undisclosed institutions. No investments yet from this vehicle; aim 15 companies at about $10 million apiece (BetaKit). **
- The Boring Company $3B / $23B, Positron $875M / $5B, Mach $600M extension / $3.7B, Maven Robotics $100M, Inspiren $70M, Luminary $22M, Graph AI $13.3M — open PR #147.
- Harvey $550M / $15.5B, Clay $115M / $7.1B, Covenant $250M lifetime — already on Sep 9–10.
- UniPat $300M / $2.5B — still talks (Bloomberg Sep 10).
- ARCHIMED MED IV €1.5B — healthcare buyout PE, not this VC tape.
- System $20M peptides (Patron) — below this hub’s bar.
Related: TAR · Pinegrove · Enflame · September hub.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
