UK-based Tide, a neobank used by 1.6M micro and small enterprises, half of them in India, raised $120M led by TPG at a $1.5B valuation
Jagmeet Singh / TechCrunch :
Invisible Technologies, a Scale AI rival that helped train ChatGPT, raised $100M, sources say at a $2B+ valuation, and says that sales doubled to $134M in 2024
Vanara, a spinoff of TPG, led the latest funding round. — Add us on Google — Artificial intelligence startup Invisible Technologies …
Riyadh-based Hala, which offers payment services to 142K+ small businesses in the Gulf region, raised a $157M Series B, a source says at a ~$900M valuation
Aisha S Gani / Bloomberg : LinkedIn: Riyad Abou Jaoudeh and Aisha S Gani LinkedIn: Riyad Abou Jaoudeh : So excited to finally announce HALA 's $157M series B co-led by TPG and Sanabil Investments wit...
PE firm TPG completes its $7.6B acquisition of the remaining 70% stake in DirecTV from AT&T, marking AT&T's exit from media
Private equity firm TPG completed its $7.6 billion purchase of the 70% stake it didn't already hold in DirecTV from AT&T.
Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M
New York Times :
TPG and Corpay agree to acquire North Carolina-based payment processing software provider AvidXchange for $2.2B, with Corpay investing ~$500M for a 33% stake
TPG agrees to acquire Sabre's hospitality solutions unit, which provides SaaS to hotel brands, for $1.1B in cash, as Sabre focuses on its core airline business
SKIFT TAKE — Sabre's sale of its hotel reservations tech should help the travel tech company focus on its core airline business.
Lenovo acquires enterprise storage startup Infinidat and plans to turn it into its Israel development center; Infinidat raised $350M from TPG and others
The Chinese computer giant will pay hundreds of millions of dollars for Infinidat, which will become its Israel development center.
Veeam, which helps secure and recover data, raised $2B in a secondary share sale led by TPG that valued it at $15B; Insight bought Veeam for $5B in January 2020
Veeam, which helps its users secure and recover their data, has seen its valuation spike in a recent secondary sale that was aimed …
Secondhand fashion site Vinted raised €340M led by TPG at a €5B valuation, as the profitable startup plans to expand beyond clothes into electronics and more
Latest TPG-backed funding round values profitable Lithuanian start-up at €5bn — Second-hand fashion site Vinted plans …