Fundraising

The 24th Annual Life Time Miami Marathon saw over 17,000 runners from 82 countries. Dominic Ondoro won the men’s elite marathon at 2:17:47, and Christina Welsh took the women’s title at 2:42:14. The Half Marathon champions were Mauricio Gonzalez (men, 1:06:17) and Tracy Barlow (women, 1:17:37). The sold-out, Boston-qualifying course featured iconic Miami sights and also served as a fundraising platform.

Andreessen Horowitz (a16z) has raised $15 billion across five new funds, focusing on infrastructure, healthcare, and “American Dynamism.” A significant portion will go to a growth fund, with allocations for applications, infrastructure, and defense/aerospace initiatives. This move reflects a pivot towards defense technology and a broader strategy to bolster U.S. technological and industrial capabilities amidst evolving geopolitical landscapes. The firm’s substantial fundraising marks a significant portion of U.S. venture capital deployment.

Tiger Global announced its new venture‑capital fund, Private Investment Partners 17, targeting $2.2 billion—mirroring the strategy of PIP 16, which holds OpenAI and Waymo and is up 33% YTD. The smaller raise signals a move from its earlier “spray‑and‑pray” approach to a more disciplined, fundamentals‑focused model. The firm plans to prune underperformers, redeploy $1 billion of exit proceeds, and double down on winners such as Revolut, ByteDance, and AI/autonomous‑driving firms, while warning of inflated AI valuations.

Cintas Corporation hosted the Cincinnati 9/11 Memorial Stair Climb, contributing to a nationwide effort that raised over $100,000 for the National Fallen Firefighters Foundation (NFFF). Nearly 1,000 participants climbed the equivalent of 110 stories to honor the 343 FDNY firefighters who died on 9/11. Funds support NFFF initiatives providing resources to families and colleagues of fallen firefighters. Cintas’ partnership with the NFFF underscores a commitment to fire safety and support for the fire service community.

Product manager Luo Yonghao humorously attributes his fundraising success to relentless public engagement, positive or negative. After the AGI Playground 2025 conference, Luo revealed extensive investments in AR glasses that proved commercially impractical. He also hinted at a software-based launch from his new company, Thin Red Line, sparking anticipation regarding his next venture.

Nepra Foods Inc. announced a non-brokered private placement to raise up to $500,000. The offering involves issuing units at $0.06 each, comprising a common share and a warrant. Funds will be used for working capital. Closing is subject to regulatory approvals. Nepra Foods, a specialist in allergen- and gluten-free food ingredients, aims to strengthen its position in the healthy food market through this financing.

Alvotech, a global biosimilar medicines developer, commenced trading on Nasdaq Stockholm on May 19, 2025, via an oversubscribed SDR offering (441,600 SDRs at SEK 87.51 each, raising SEK 39M). This triple-listing (including Nasdaq Global and Iceland) enhances liquidity and European investor access, while the pending acquisition of Xbrane Biopharma’s R&D operations in Sweden supports scientific expansion. Despite a 10% SDR price discount and added operational complexity, the move aims to strengthen Nordic presence, diversify funding sources, and capitalize on robust biotech investment interest in Europe.