Funding Rounds
  – Northwood Space: $30M Series A led by Andreessen Horowitz and Founders Fund; developing hardware for satellite communications.
  – Reco: $25M led by Insight Partners and Zeev Ventures; SaaS security platform for cloud applications.
  – Granite Bio: $100M Series A & B from Versant Ventures, Novartis Venture Fund, and Forbion; biotech focused on novel therapeutics.

– Notable Startup Launches
  – RayThera: Debuted with $110M Series A (Foresite Capital, OrbiMed Advisors, TTM Capital); developing anti-inflammatory small molecules.

– Market Trends
  – US AI startups continue to attract large rounds, with 19 companies raising $100M+ in 2025, highlighting sustained investor appetite for AI infrastructure and applications.
  – SaaS security, space technology, and biotech remain hot sectors, with robust multi-million dollar rounds and increased VC participation.

– Regulatory Updates
  – Indonesia: New rules require VC firms to disclose controlling shareholders, tighten reporting and approval for ownership changes, strengthen governance, and expand OJK enforcement powers. Stricter criteria for Sharia business unit spin-offs and foreign worker approvals introduced.
  – UK: FCA proposes simplifying the definition of regulatory capital for investment firms, removing banking-specific requirements and consolidating rules for clarity. No change to capital levels; consultation open until June 12, 2025.

– Analysis & Implications
  – Continued mega-rounds in AI and biotech signal strong LP interest and competition for late-stage deals.
  – Regulatory tightening in Indonesia and the UK may increase compliance costs but aims to streamline operations and improve transparency for VC-backed firms.
  – Sector focus: Security, deeptech, and biotech are attracting both early and late-stage capital, suggesting VCs are balancing risk with high-growth potential.