Anduril was raising $400 million to $500 million in a convertible note.

Oct 09, 2023

• Anduril was raising $400 million to $500 million in a convertible note.

• Anthropic was raising $2 billion at a valuation between $20 billion and $30 billion.

The news articles and links presented below are available for your reference.

ANDURIL

“ Defense Startup Anduril Is in Talks to Raise More Than $400 Million From Investors”

• https://www.bloomberg.com/news/articles/2023-10-04/anduril-is-in-talks-to-raise-more-than-400-million-from-investors#xj4y7vzkg

ANTHROPIC

“ Anthropic in Talks to Raise $2 Billion From Google and Others Just Days After Amazon Investment”

• https://www.theinformation.com/articles/openai-rival-anthropic-in-talks-to-raise-2-billion-from-google-others-as-ai-arms-race-accelerates?rc=hnkdfp

Secondary Market Trend Highlight:

Due to the lowered pricing environment, companies are more regularly exercising their ROFR (Right of First Refusal). As a result, an artificial pricing floor has been created for buyers thereby causing them to increase their pricing to transact. In these instances, buyers can no longer rely on their underwriting or benchmark pricing heuristic and instead pay closer to market pricing to obtain access to these later stage investment opportunities.

Recently Closed Secondary Deals:

Attentive Mobile, Chainalysis, DataStax and Auditboard