Sprints closed its fifth fund at a €725M hard cap, roughly 40% above its previous €525M vehicle.
Why it matters: Sprints closed a €725M fund at its hard cap in Europe's weakest fundraising year on record, and its decision to skip foundational AI in favor of application-layer bets offers a concrete read on where growth capital sees returns.
JPMorgan missed on revenue and earnings for the first time in nearly three years.
Crunchbase reports 38 companies joined its Unicorn Board in September, adding $71 billion in value.
Allara raised $30M in venture funding from Index Ventures, GV, Camino Partners, Foreground.
Melius, an AI platform deploying agents for creative production work, raised $20M in Series A funding led by CRV.
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