· Investment Strategies · 29 sources · Updated · Verified
September 2026 VC News: Tabby $6.5B, May $1.4B SPAC, Manus $4B Talks
Through September 19: Tabby announced $233 million at $6.5 billion (SAMA still pending). May Mobility agreed a $1.4 billion EV SPAC — not a raise. Manus is in talks for $500 million at $4 billion. Motive’s $1.3 billion-plus, Harvey’s $15.5 billion, and Mistral’s €3 billion Series D remain the month’s confirmed megaprints. Nvidia–Hugging Face $12.93 billion is agreed, not closed.
By Venture Capital Tracker Editorial
September 14–19 adds Tabby’s $233 million at $6.5 billion (SAMA still pending; $18 billion is TPV), May Mobility’s $1.4 billion EV SPAC (not a raise; 2025 revenue about $10 million), and Manus $500 million at $4 billion talks — see the Sep 16–19 index. September 10–12 still holds Motive’s more than $1.3 billion General Catalyst Customer Value Fund financing (company ARR above $600 million; S-1 withdrawn) and Xapien’s $56 million Series B. Harvey announced $550 million at $15.5 billion ($15.6 billion is Bloomberg; company blog omits ARR). Clay closed $115 million Series D at $7.1 billion (ARR last printed $100 million in December 2025). Mistral closed €3 billion (~$3.5 billion) Series D at more than €21 billion, Samsung-led. Nvidia agreed to acquire Hugging Face for $12.93 billion (not closed; H1 2027). Dated snapshot through September 19; not a live deal feed.
What printed through September 19
| Date | Entity | Amount | Type | What is actually known | Follow-up |
|---|---|---|---|---|---|
| Sep 16–18 | Manus AI | $500M at $4B | Talks | Journal via TC; Bloomberg: terms may change. June $1B is a different ask. | Manus memo |
| Sep 16 | May Mobility | $1.4B EV | SPAC (ACGC) | Not a raise. Up to $337M proceeds, redemption-sensitive. ~$10M 2025 revenue. | May memo |
| Sep 14 | Tabby | $233M at $6.5B | Equity (press: Series F) | Blue Pool led. SAMA still pending. $18B is TPV. | Tabby memo |
| Sep 11 | Xapien | $56M | Series B | Spectrum Equity. 350%+ ARR growth claim / 24 months; U.S. already 50% of revenue. | Xapien memo |
| Sep 11 | Ultimarii | ~$9.5M (C$13M+) | Series A | BDC-led permitting AI. CAD figure — do not headline as USD $13M. | Ultimarii memo |
| Sep 11 | Kinetix AI | ~$75M (¥500M+) | Angel+ | Vertex Ventures. Full-stack humanoid / embodied AI (≠ Paris Kinetix). | Kinetix memo |
| Sep 11 | nocall | ~$5.2M (¥800M) | Series A | JAFCO + Archetype. Japanese AI phone agents. | nocall memo |
| Sep 10 | Motive | >$1.3B | Growth (CVF) | GC Customer Value Fund. ARR >$600M; S-1 withdrawn. Valuation / CVF terms not disclosed. | Motive memo |
| Sep 10 | Furo | $4M | Seed | TQ + Neo. Battery software; Deutsche Bahn named. | Furo memo |
| Sep 10 | Enigmata | $6.5M | Seed | Blockchange. Encrypted-data AI; design partners only. | Enigmata memo |
| Sep 10 | Highstock | $30M | Series A | a16z led. $1B+ listed, not GMV. No valuation. Greylock seed was $5.5M (Feb 2025). | Highstock memo |
| Sep 9 | Lightfield | $47M | Series A | a16z led; Coatue, Greylock. Agent CRM. | Lightfield memo |
| Sep 9 | Cymphony | $25M | Series A | Sequoia + SMBC Fin Atlas. >$100M post. | Cymphony memo |
| Sep 9 | Euno | $23M | Series A | N47. $29M total. | Euno memo |
| Sep 9 | Buildcheck | $12M | Series A | Telescope; WND (DPR). $18M total. | Buildcheck memo |
| Sep 9 | Bulwark Dynamics | $6.8M | Seed | SBI US Gateway, Onomichi Dockyard. | Bulwark memo |
| Sep 9 | PHYMI | ~$100M | Seed | IDG led. Exact amount and mark unknown. | PHYMI memo |
| Sep 9 | Harvey | $550M at $15.5B | Unnamed growth | Diffusion + Lightspeed. $15.6B is Bloomberg. Company blog omits ARR. | Harvey memo |
| Sep 8 | Antioch | $32M | Series A | Greylock led. Ring named. No valuation. | Antioch memo |
| Sep 8 | TrueBridge | $508M | Secondaries II | More than 2× Fund I. No LP names. | TrueBridge memo |
| Sep 8 | Blee | $20M | Series A | Fin Capital + SMBC Fin Atlas. $27M is lifetime. | Blee memo |
| Sep 8 | CloudNC | $20M | Series B ext. | Nimble. $128M lifetime does not add from 2022. | CloudNC memo |
| Sep 8 | Herdr | $6M | Seed | Bessemer + YC. No users in the post. | Herdr memo |
| Sep 9 | Clay | $115M at $7.1B | Series D | Wellington led. Last ARR print: $100M, Dec 2025. | Clay memo |
| Sep 9 | Covenant | $250M lifetime | Stealth unveil | Not a Sep 9 close. No valuation. | Covenant memo |
| Sep 8 | Cognition | >$2B at $48B | Series E | a16z + Accel. Run-rate almost $900M (company). Early ~$47B talks superseded. | Series E memo |
| Sep 8 | Stoke Space | ~$1B | Series E | Point72 + Spark. $2.3B total. ~$10B is Reuters. | Stoke memo |
| Sep 8 | The Exploration Company | $450M | Series C | Atomico + EQT Scaleup + Bessemer. >$2B bookings claim. | TEC memo |
| Sep 8 | Forus | $150M at $3B | Series C | Bain led; all named existing returned. | Forus memo |
| Sep 8 | Sapien | $180M mark | Round (amount n/d) | Neo led. Raise amount undisclosed. ≠ Sapien.io. | Sapien memo |
| Sep 8 | Mistral AI | €3B (~$3.5B) | Series D | Samsung led. €21B+ post-money. No ARR. June €20B was talks. | Mistral memo |
| Sep 7 | Pixxel | $100M | Series C | Temasek + Seraphim. $400–500M mark is TOI sources. | Pixxel memo |
| Sep 8 | Fundly.ai | ~$4.9M | Series A + debt | Accel + Multiply. $4M equity + $0.9M debt. | Fundly memo |
| Sep 8 | W Health Ventures | $80M (~₹700 Cr) | Fund II close | Above ₹630 Cr target. | W Health memo |
| Sep 7 | Jet Zero Australia | $21.6M (~A$30M) | Series C | Qantas, Airbus, POSCO. Plant not built. FID ahead. | Jet Zero memo |
| Sep 7 | Navana.ai | $4.2M (~₹40 Cr) | Series A | Screwvala + Antler. Voice minutes are company-claimed. | Navana memo |
| Sep 7 | Cato | €6M | Seed | Keen led. €7.6M total. | Cato memo |
| Sep 7 | Jaipur Robotics | €4.3M | Seed | EquityPitcher + HTGF. Plant counts are company-claimed. | Jaipur memo |
| Sep 7 | Molten Ventures | £175M | Fund first close | BBB £75M cornerstone. Target £350M. | Molten memo |
| Sep 7 | Nua | $50M | Series C | Peak XV + Filter. Mixed primary/secondary. No valuation. | Nua memo |
| Sep 3 | Swish Ventures | $250M | Fund III close | $800M is AUM. Named overlap: Cognition, Wonderful, Upwind. | Swish memo |
| Sep 3 | Sweep | $400M reported | Acquisition | Spokesperson to CTech / Geektime. No release. Insight / Bessemer historical. | Sweep memo |
| Sep 4 | Nscale | $3.5B ask | Pre-IPO talks | $1.5B converts + $2B Nvidia (Bloomberg via TC). Not a close. $103B is projected leases. | Nscale memo |
| Sep 4 | XDOF | $1.2B mark | Series B talks | 8VC described as lead. Amount unknown. Company silent. Last print $70M (June). | XDOF memo |
| Sep 2 | Hugging Face | $12.93B | Acquisition (agreed) | Huang price. 8-K: ~$11.9B + up to $1B retention. Not closed. H1 2027. | Hugging Face memo |
| Sep 2 | Wonderful | $550M at $5B | Series C | Company $550M. $5B is TC/WSJ. No ARR. Insight led. | Wonderful memo |
| Sep 1 | Console | $500M reported | Acquisition | PANW: acquired. Price is TC, two people. Thrive/DST historical. | Console memo |
| Sep 2 | iPronics | $125M | Series B | Maverick Silicon + Light Street co-led. Nvidia joined. No valuation. | iPronics memo |
| Sep 1 | AfterQuery | $3.2B | Reported valuation | Amount/lead/close unknown. Company silent. | AfterQuery memo |
| Aug 31 | a16z | $8.5B total | Growth fund top-up | +$1.75B vs January $6.75B. Not Machine Age. | Growth memo |
| Sep 2 | Frontier Computing | $10M | Pre-seed | GC lead. Frogger demo. 500M neurons = plan. | Frontier memo |
| Aug 31 | Clipto | $15M at $250M | Equity (unnamed stage) | Kang: $15M ARR, profitable. HSG ≠ Sequoia. | Clipto memo |
| Sep 1 | Kepler Aerospace | $8M | Seed | First external equity since 2018. Launch target Dec 2027. Not Kepler Communications. | Kepler memo |
| Sep 1 | Cloover | $100M | Facility (debt capacity) | Company: profitable at >$350M run rate. Not new equity. | Cloover memo |
| Sep 1 | Cherubic Ventures | $68.88M | Fund VI close | Firm: six-fund AUM >$500M. | Cherubic memo |
| Sep 10 | Y Combinator | n/a | Demo Day | Summer 2026 Demo Day, per YC’s dates post and live Demo Day page. Apply window is Winter 2027. | YC guide |
Day indexes: September 1 · September 2 AfterQuery tape · September 2–3 Wonderful/Console/optics · September 3–4 Nvidia/Hugging Face · September 4–5 XDOF/Nscale · September 5–6 Swish/Sweep · September 6–7 Nua · September 6–7 Pixxel tape · September 7–8 SAF/voice/tenders · September 8–9 Cognition/space/health · September 8 Mistral · September 8–9 Antioch/TrueBridge/YC · September 9–10 agent CRM/security · September 9–10 Harvey/Clay/Covenant · September 10–12 Motive/Xapien/physical AI · September 16–19 Tabby/May/Manus.
How to read the $8.5 billion
a16z Growth is scaling capital. Machine Age is hardware capital. Accel’s August $3.5 billion is early-stage capital. Adding those three into a “September dry powder” total mixes jobs.. Accel still has **
Still rumor, talks, or reported earlier in the month
- Tabby $233M / $6.5B — company equity print Sep 14. SAMA approval still required. $18B is TPV, not ARR. Press labeled Series F. See Tabby memo.
- May Mobility $1.4B — pro forma EV of a SPAC with ACGC, not a raise. Up to $337M proceeds is redemption-sensitive. Not closed. See May memo.
- Manus $500M / $4B — Bloomberg + Journal via TC. Talks. June $1B buyback ask is a different print. See Manus memo.
- Motive CVF terms / valuation — not disclosed; do not invent a Series letter or equity mark. See Motive memo.
- Mecka AI ~$500M Sequoia — TechCrunch talks, not final (Sep 11).
- Ultimarii headline is CAD — BetaKit C$13M+; USD ~$9.5M.
- Boring / Positron / Mach / Maven Robotics / Inspiren / Luminary / Graph sit outside this hub for now.
- TAR / Pinegrove / Enflame sit outside this hub for now.
- AfterQuery $3.2B — Forbes, two people. Not a company close. Amount unknown.
- Console $500M — TechCrunch, two people. PANW announced the buy without terms.
- Wonderful $5B — TC/WSJ on a company $550M raise. No ARR. WSJ $170M secondary: do not add to $550M.
- Cognition $48B — company-confirmed Series E Sep 8. Early Bloomberg ~$47B talks superseded. See Series E memo.
- Moonshot HK IPO / $50B pre-IPO talks — The Information, Sep 2. See Moonshot.
- Nvidia / Hugging Face $12.93B — agreed Sep 2/3. Not closed. Do not add the $11.9B equity line and $1B retention into a $14B headline. See the memo.
- Nscale $3.5B — Bloomberg via TC. Talks. $103B is projected leases. Series B date is Sep 25, 2025 on the company site; TC said March.
- XDOF $1.2B — TC, several people. Talks. Amount unknown. 8VC as lead. Company silent.
- Swish $800M — AUM, not Fund III. Fund III is $250M. $60B portfolio value is a firm claim.
- Sweep $400M — Geektime sources. ServiceNow confirmed the buy, not the price. No release. ≠ climate Sweep.
- Nua $50M — mixed primary/secondary. Split unknown. No valuation. ₹500 Cr run rate is company. ≠ Nua Surgical.
- Harvey $15.6B — Bloomberg. Company/Reuters $15.5B. Company blog and Reuters omit ARR. LawSites attributed $400M ARR to a Weinberg LinkedIn post we did not retrieve. Guardrails price unknown.
- Clay 71× on $100M ARR — arithmetic on a December 2025 stock, not a Series D multiple the company printed.
- Covenant $250M — lifetime, not a Sep 9 round. ~$150M orders is Reuters. CNBC adds Altimeter, two DoD deals, and Dallas 1,000 / Q1 2027 / 5,000.
- Mistral €3B / €21B+ — company close. Samsung cheque unknown. June €20B was talks. No ARR. Do not add the $830M debt. Do not write FT/Dealroom €1B Samsung as funded.
- Jet Zero $21.6M (~A$30M) / Navana $4.2M / Cato €6M / Jaipur €4.3M / Fundly ~$4.9M / Molten £175M / W Health $80M — covered in this hub and Sep 7–8. Cognition / Stoke / TEC / Forus / Sapien are on this hub and Sep 8–9. Antioch / TrueBridge / Blee / CloudNC / PHYMI / Herdr are on this hub and Sep 8–9. Lightfield / Cymphony / Euno / Buildcheck / Bulwark are on this hub and Sep 9–10.
- Crusoe / Gimlet / Upwind / Ultrahuman / Guardio — September 2–3 Wonderful/Console index and related memos.
- Atira / Hivebotics standalone / Octave.energy / HiBob / Sirdab standalone — September 4–5 industrial index.
- Polymarket ~$1B / $21B — reported / in-progress as of Aug 31. See Polymarket memo.
- Cursor $60B — still press, not Cursor’s close post.
- OpenRouter $7.5B — NYT via TechCrunch; deal announced, not closed.
- Anthropic IPO ticker — there isn’t one. Confidential draft S-1 (June 1).
- Félix / AIR / Light / SciFin / Empirik / Aslan / Tripo — September 1–2 agents/energy index.
- VAST / Wafer / Odyssey / upGrad — VAST, Wafer, Odyssey, upGrad.
- Thyme Care / Lyte / HiddenLayer / Conveo / Aitan / HyImpulse / Huskeys — September 2–3 health/robotics index.
- Adaptyv / Clerky / Standard Metrics / Sharpa / Gridsight / Helcim — merged August 31–September 1 coverage.
August comparison: August 2026 VC news. July: July 2026 global VC news.
Method and limits
Amounts are preserved as reported. Fund closes, company equity, reported marks, acquisitions, SPACs, and debt facilities are not combined. Primary or named press sources should be checked before using these figures in an investment memo. Last verified September 19, 2026.
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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.
