Nick Pridachin Blog

Category: Venture Capital

  • Electra.aero Raises $115 Million in Funding

    An aerospace startup called Electra.aero is transforming regional air mobility by developing hybrid-electric aircraft. Its cutting-edge design makes flights quieter, more effective, and emitting less emissions by fusing sustainable aviation technology with electric propulsion.

    Because Electra’s aircraft are designed for short takeoffs and landings, they are perfect for underserved areas and minor airports. The future of short-haul air travel is being shaped by Electra, which prioritizes performance, accessibility, and environmental impact.

    A Series B fundraising round has secured $115 million for Electra.aero. Jay Park, a co-founder and managing partner at Prysm Capital, led the new round and has joined the board of directors of Electra. In addition to Statkraft Ventures, the Virginia Innovation Partnership Corporation (VIPC), and other private investors, strategic investors include Lockheed Martin Ventures, Honeywell, and Safran.

    Electra Board Chair John Langford stated, “We are thrilled to welcome Jay and Prysm to the Electra family.” “With the EL9, they have already established themselves as a vital advisor and partner as we move from prototype to product.”

    Electra.aero was established in 2019 by John Langford and is based in Washington, District of Columbia, USA. Marc Allen, CEO of Electra, stated, “Our goal at Electra is to usher in a new era of aviation, a breakthrough in advanced air mobility that is both revolutionary and useful.” Opportunities to create new commercial routes, link underserved regions, and provide warfighters with whole new logistics capabilities are all made possible by the EL9 Ultra Short. We are eager to collaborate with our Prysm partners to further this aircraft’s development and set a new standard for aviation.

  • Altruist Raises $152 Million at a $1.9 Billion Valuation

    The goal of Altruist, a cutting-edge custodial platform designed for Registered Investment Advisors, is to increase the accessibility, affordability, and effectiveness of independent financial advice.

    Advisors may reduce prices without sacrificing service quality thanks to its software, which helps them optimize their operations.

    Clients have more financial confidence, higher returns, and lower expenses as a result. Altruist is improving the financial management experience for millions of consumers by assisting thousands of financial professionals.

    In a Series F investment round, Altruist raised $152 million, valuing the business at about $1.9 billion. With participation from Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, and ICONIQ Growth, GIC led the fresh round.


    Jason Wenk started Altruist in 2018, with its headquarters located in Culver City, California, in the United States. With a cutting-edge custodial platform that simplifies portfolio management and enhances client results, the company primarily serves over 4,200 independent Registered Investment Advisors in the United States.

  • Supabase Raises $200 Million at a $2 Billion Valuation

    Supabase is an open-source backend platform that requires little setup to convert PostgreSQL databases into fully functional backends. It provides built-in support for edge functions, storage, real-time data subscriptions, authentication, and automatically produced RESTful APIs.

    Supabase offers scalable, modular tools that are suited for the demands of contemporary applications and is designed to speed up and streamline backend development. Its self-documenting APIs and support for vector embeddings make it a strong option for both conventional and AI-powered applications.


    At a $2 billion value, Supabase has raised $200 million in a Series D investment round. Accel led the investment, with participation from Coatue, Craft Ventures, Y Combinator, and Felicis.

    Supabase, headquartered in San Francisco, California, United States, was founded in 2020 by Anthony Wilson and Paul Copplestone. Supabase operates across various market segments, serving developers, startups, and enterprises with scalable, open-source backend solutions tailored for modern application development.

  • Runway Raises $308 Million at a $3 Billion Valuation

    Valuation: over 3 billion at 28 April 2025.

    Runway is revolutionizing the future of art, entertainment, and digital storytelling with its cutting-edge AI video platform. Designed for professionals, Runway’s suite of AI-powered tools enables seamless video and image generation, editing, and enhancement—all through simple text commands. By bridging the gap between imagination and execution, Runway empowers artists, filmmakers, and designers with an intuitive, next-generation interface for synthetic media creation.

    In a landmark Series D round led by General Atlantic, Runway secured 308 million, with participation from top−tier investors like Fidelity, BaillieGifford, Nvidia, and SoftBank. This latest funding round catapulted thecompany’s valuation to over 3 billion, bringing its total raised capital to an impressive $536.5 million—a testament to its rapid growth and industry-shaping potential.