Nick P Blog

Category: VC

  • Fractal Analytics Raises $170 Million at a $2.44 Billion Valuation

    Fractal is a leading AI solutions provider that helps Fortune 500 companies enhance decision-making in industries like healthcare, retail, and insurance. Its AI platforms—including Asper.ai (revenue growth), Flyfish (generative AI product discovery), and Analytics Vidhya (data science community)—drive strategy, customer experience, and operational efficiency. With 5,000+ employees across 18 countries, Fractal blends deep industry expertise with advanced AI.

    Funding & Growth

    • Raised $170M in a secondary share sale, reaching a $2.44B valuation (investors include Apax Partners, White Oak Capital, and Gaja Capital).
    • Preparing for an IPO targeting $400M–$500M, aiming for a $3B valuation.
    • Became a unicorn in 2022.

    Founders & Vision

    Founded in 2000 by Ashwath Bhat, Pranay Agrawal, and Srikanth Velamakanni, Fractal is headquartered in New York. With this new funding, the company plans to expand globally and scale its AI solutions, helping enterprises harness the power of data-driven transformation.

  • Via Transportation Files for US IPO

    Via Transportation is a pioneering TransitTech company that’s redefining public transportation by turning traditional fixed-route systems into dynamic, on-demand networks. Leveraging real-time data and cutting-edge algorithms, Via helps cities and transit agencies optimize their mobility services – making them more efficient, accessible, and sustainable.

    Today, Via’s platform powers operations in over 650 cities across 30 countries, from major metropolitan hubs like New York, London, and Seattle to entire regions such as Luxembourg, Estonia, and Flanders.

    Via’s Next Big Move: A Potential IPO

    In an exciting development, Via has confidentially filed a draft prospectus with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). While the exact details—including the number of shares and pricing—are still under wraps, this move marks a significant milestone for the company.

    Since its founding, Via has raised nearly $1 billion in funding and achieved unicorn status in 2020, cementing its position as a leader in smart mobility solutions.

    From Startup to Global Transit Innovator

    Founded in 2012 by Daniel Ramot and Oren Shoval, Via has grown from a New York-based startup into a global force in transit innovation. By reimagining how cities move, Via is shaping the future of transportation – one on-demand ride at a time.

    As the company prepares for its next chapter, one thing is clear: Via is driving the evolution of public transit worldwide.

  • DailyPay Secures $200 Million in Debt Financing

    DailyPay is a financial technology company that enables real-time access to earned wages, helping workers access pay when they need it most. The company’s platform supports employee financial wellness while improving workforce engagement, retention, and satisfaction.

    DailyPay has secured a $200 million asset-backed securitization facility. Barclays acted as lead bookrunner and structuring agent, with Citi and Morgan Stanley serving as joint bookrunners. This brings DailyPay’s total debt financing to nearly $1 billion and strengthens its ability to meet increasing demand for flexible pay options among large enterprise clients.

    DailyPay, headquartered in New York, was founded in 2015 by Jason Lee and Robert Law. With more than 80% of Fortune 200 companies leveraging its platform, the company has emerged as a category leader in on-demand pay. As employers seek modern solutions to support employee financial health, DailyPay’s technology is driving a fundamental shift in how and when workers get paid—bringing greater control, stability, and dignity to the workplace.

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