# Pro Rata Premium: First Look Theresa Potratz - 16 Apr 2026 - 3 min read This was originally [published on Axios](https://www.axios.com/pro/all-deals/2026/04/16/pro-rata-premium-first-look). ## Venture Capital • **Plata**, a Mexican digital bank, raised a $405m Series C round at a $5b valuation. **Bicycle Capital** led, joined by QIA, BTG Pactual, Valor Capital Group, Kora, Hedosophia, Spice Expeditions, and Audeo Ventures. [Go deeper](https://www.prnewswire.com/news-releases/plata-reaches-5-billion-valuation-with-405-million-series-c-fundraise-302744958.html) • **Zūm**, a Redwood City, Calif.-based student mobility platform, raised $100m from **TPG** at a $1.7b valuation. [Go deeper](https://axios.link/4sznVGH) • **Ulysses**, an SF-based unmanned underwater vehicle company, raised $46m. The $38m Series A was led by **Andreessen Horowitz**, joined by Booz Allen Ventures and Harpoon Ventures. The $8m seed was led by **Pebblebed,** joined by Genius Ventures, Lowercarbon Capital, Superorganism, and ReGen Ventures. [theoceancompany.com](http://theoceancompany.com/) • **Expo**, an SF-based developer tooling startup, raised a $45m Series B. **Georgian** led, joined by Leadout Capital, A.Capital Ventures, and Red Swan Ventures. [Go deeper](https://axios.link/4sFBYL5) • **Nas.com**, an NYC-based AI platform for “solopreneurs,” raised $27m in Series A funding. **Khosla Ventures** led, joined by 500 Global. [Go deeper](https://www.businessinsider.com/nas-daily-founder-ai-storefront-startup-funding-read-pitch-deck-2026-4) • **Sennos**, a Durham, N.C.-based sensing and automation platform for the fermentation and fluid-processing industries, raised $20m. **TomEnterprise** led, joined by Jan Ståhlberg. [Go deeper](https://www.citybiz.co/article/833327/sennos-raises-20-million-to-expand-ai-fermentation-technology/) • **InsightFinder**, a Durham, N.C.-based IT stability and AI reliability startup, raised $15m led by **Yu Galaxy**. [Go deeper](https://axios.link/4dThZor) • **Lua**, a London-based startup for building and managing agent workforces, raised $5.8m. **Norrsken22** led, joined by Flourish Ventures, 20VC, P1 Ventures, Phosphor Capital, and YC. [Go deeper](https://axios.link/4sNZTYY) • **GetWhys**, a Boise, Idaho-based B2B marketing company, raised $5.2m. **Epic Ventures** led, joined by CEAS Investments, the Portland Seed Fund, Next Frontier Capital, Tuesday Capital, and Capital Eleven. [Go deeper](https://www.prnewswire.com/news-releases/getwhys-raises-5-2m-round-to-close-the-research-to-outcome-gap-for-b2b-gtm-teams-302744950.html) **⚡️ NOC** **Energy**, a Houston-based provider of electric heat for cement plants, raised $2.7m in seed funding. **360 Capital** led, joined by SOSV and Desai VC. [Go deeper](https://techcrunch.com/2026/04/16/youve-heard-of-hybrid-cars-now-meet-a-hybrid-cement-plant/) ## Private Equity • **BTX Precision**, owned by **L Squared Capital Partners**, acquired **Maitland Engineering**, a South Bend, Ind.-based maker of high-precision small components. [Go deeper](https://axios.link/3OLcC0i) • **Engage2learn**, a **Leeds Equity Partners** portfolio company, acquired **Education Elements**, a San Carlos, Calif.-based K–12 education consultancy. [Go deeper](https://axios.link/4tR3O7V) **🚑 Stellus Rx**, a portfolio company of **WindRose Health Investors**, acquired **Tria Health**, a provider of pharmacist-led chronic condition support for self-insured employers. [Go deeper](https://axios.link/4sGErFc) ⚽ **Kingdom Holding** agreed to acquire a majority stake in **Al Hilal Football Club** from **Saudi PIF,** at a $373.2m valuation. PIF also holds a stake in Kingdom. [Go deeper](https://www.bloomberg.com/news/articles/2026-04-16/billionaire-saudi-prince-alwaleed-buys-al-hilal-football-club) ## Liquidity • **International Paper** (NYSE: IP) agreed to acquire Longview, Wash.-based **North Pacific Paper Company** from **One Rock Capital Partners** for $360m. [Go deeper](https://www.prnewswire.com/news-releases/international-paper-to-acquire-north-pacific-paper-company-302745070.html) ## M&A • **Brkthru,** a Southfield, Mich.-based media and marketing services company, acquired **Gigawatt**, a Milwaukee, Wis.-based media partner for agencies and brands. [Go deeper](https://www.prnewswire.com/news-releases/brkthru-announces-acquisition-of-gigawatt-strengthening-integrated-media-and-marketing-capabilities-302743950.html) **⚡️ Uranium Royalty** (Nasdaq: UROY), a Canadian uranium royalty company, agreed to buy Lakewood, Colo.-based **Sweetwater Royalties** in a deal that values it at $1.9b. Top Sweetwater shareholder Orion Resource Partners will get a 43% stake in the combined company; Ontario Teachers’ Pension Plan will hold about 16%. [Go deeper](https://www.bloomberg.com/news/articles/2026-04-16/uranium-royalty-urc-uroy-to-buy-sweetwater-in-1-1-billion-nuclear-fuel-deal?srnd=phx-industries-energy) ## Odds & Ends ⚡️ **EDP**, a Portuguese utility and power developer, paused three U.S. offshore wind projects in California, Massachusetts and New York, citing regulatory uncertainty under President Trump. [Go deeper](https://www.bloomberg.com/news/articles/2026-04-16/edp-freezes-three-us-wind-projects-over-trump-era-policy-risks?srnd=phx-industries-energy) ⚡️ **Freedom Forever**, a Temecula, Calif.-based residential solar installer, filed for bankruptcy, listing assets of $100m-$500m and estimated debts of $500m-$1b. [Go deeper](https://www.bloomberg.com/news/articles/2026-04-15/freedom-forever-files-bankruptcy-as-solar-industry-woes-deepen?srnd=phx-industries-energy) ⚡️ **Kinnevik** recorded an 83% writedown of its stake in Swedish green steelmaker **Stegra** after it sat out a $1.7b rescue package for the company. [Go deeper](https://www.bloomberg.com/news/articles/2026-04-16/sweden-s-kinnevik-marks-down-green-tech-firm-stegra-stake-by-83?srnd=phx-industries-energy)