Teachers' Venture Growth (TVG), the late-stage investment arm of Ontario Teachers' Pension Plan, has made a follow-on investment in Darwinbox, a human capital management platform. This marks TVG's second investment in the company, following an initial round in 2025. Financial terms were not disclosed. Founded in 2015, Darwinbox serves over 1,400 companies and 4.5 million employees globally, growing at a 70% CAGR over five years across the US, Middle East, India and Southeast Asia. In August, the company launched Darwinbox Cortex, an AI-native HCM platform integrating intelligence directly into its core architecture. The platform debuted with pilot customers Visteon and Transcarent, partnering with Microsoft, Slack and Glean to extend AI functionality into existing employee workflows.

French digital health insurer Alan has raised €480 million in a Series G funding round led by Prosus, reaching a valuation of €5.5 billion. Index Ventures, Teachers' Venture Growth, and new investor Dara Holdings also participated. The company has surpassed €800 million in annual recurring revenue, growing 53% year-over-year, and is profitable in France. Alan currently serves 1.1 million members and 37,000 businesses across France, Spain, Belgium, and Canada. The funding will support international expansion, acquisitions, and continued investment in AI-powered healthcare services. Prosus described the round as "shaping the future of AI-powered healthcare".

Top funding rounds week of August 10th. Databricks led a record-breaking week with a $5B raise. Fundable analyze the surge in physical AI, robotics, and energy infrastructure investments. Published August 17, 2026 by Jacob Klionsky * 01 Databricks Artificial Intelligence (AI) - Data and Analytics - California $5BEquity Databricks, a Data and AI company, raised $5 billion in a strategic funding round at a $190 billion valuation led by Coatue with participation from Blackstone, MGX, accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management, and new investor Sixth Street Growth, alongside BOND, Clearlake Capital, Point72, Premji Invest, TPG and existing investors including Andreessen Horowitz, Dragoneer, Fidelity, Franklin Templeton, GIC, Goldman Sachs Growth Equity, Insight Partners, J.P. Morgan Private Capital, Kinetic, Morgan Stanley Investment Management, NEA, Ontario Teachers' Pension Plan, Temasek, Thrive Capital, and WCM Investment Management * 02 Thrive Holdings Artificial Intelligence (AI) - Data and Analytics - New York $2BEquity Thrive Holdings, an AI-powered business roll-up acquiring service businesses, raised $2 billion in new funding at a $12 billion valuation in a round led by SoftBank, D1 Capital Partners and Altimeter Capital. * 03 Physical Intelligence Artificial Intelligence (AI) - Data and Analytics - California $1.6BEquity Physical Intelligence, a robotics 'robot brain' startup, raised roughly $1.6B across two rounds at an $11.2B valuation with Founders Fund and Lightspeed joining and participation from Jeff Bezos and OpenAI. * 04 River AI Artificial Intelligence (AI) - Data and Analytics - California $1.1BSeries A River AI, an AI startup, raised $1.1 billion in a seed/Series A round led by General Catalyst and AMP PBC with participation from Nvidia, AMD Ventures, Y Combinator, and Temasek * 05 H&MV Engineering Consumer Electronics - Energy - Limerick $866.2MEquity H&MV Engineering, a Limerick-based provider of specialist high-voltage engineering and critical power infrastructure services, raised approximately €750M in a continuation vehicle transaction at a €1.4 billion valuation led by Exponent with participation from Apollo S3, Pantheon, and SQ Capital. * 06 Form Energy Energy - Sustainability - Massachusetts $750MSeries G Form Energy, a long-duration battery startup, raised $750M in a Series G led by T. Rowe Price with participation from Sequoia Capital, Janus Henderson, Franklin Templeton, PEAK6 Investments, Prelude Ventures, Engine Ventures, TPG Rise Climate, Capricorn's Technology Impact Funds, Breakthrough Energy Ventures, Dustin Moskovitz and Cari Tuna, Gigascale Capital, Coatue, Energy Impact Partners, NGP, GE Vernova, Blindspot Ventures, and M&G Catalyst Fund * 07 Lovable Artificial Intelligence (AI) - Data and Analytics - Stockholms Lan $400MSeries C Lovable, a Swedish vibe-coding startup that enables non-coders to build software, raised $400M in a Series C at a $13.3B valuation co-led by Menlo Ventures and the Scaleup Europe Fund (managed by EQT) with participation from Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab, Regent and returning investors including Accel and others. * 08 Doral Renewables Energy - Natural Resources - Pennsylvania $400MEquity Doral Renewables, a Philadelphia-based renewable energy developer, secured a $400 million common equity investment from Doral Group Renewable Energy Resources Ltd. * 09 Cambridge Aerospace Hardware - Manufacturing - Cambridgeshire $300MSeries C Cambridge Aerospace, a UK-based air defence company, raised €259.7 million Series C at a €2.94 billion valuation led by DFJ Growth with participation from Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co. * 10 Neros Technologies Consumer Electronics - Consumer Goods - California $250MSeries C Neros Technologies, a domestic drone manufacturer, raised $250M Series C at a $2.5B post-money valuation co-led by Sequoia Capital and American Strategic Technology Fund (ASTF) with participation by Interlagos, Valor Equity Partners, Allen & Company, Thiel Capital, Spark Capital, and Dylan Field. * 11 Sonablate Health Care - North Carolina $200MEquity Sonablate, an AI-powered precision medicine and therapeutic ultrasound company, raised $200M in funding with backers including Eleven Ventures. * 12 Inox Clean Energy Energy - Manufacturing - Uttar Pradesh $157.2MEquity Inox Clean Energy, an integrated renewable energy platform of the INOXGFL Group, received a ₹15 billion commitment from Motilal Oswal Group, including ₹10 billion already invested through compulsorily convertible debentures. * 13 Vaderis Therapeutics Biotechnology - Science and Engineering - Basel-Stadt $152MSeries B Vaderis Therapeutics, a Swiss clinical-stage biotechnology company, raised USD 152 million in a Series B co-led by Life Sciences at Goldman Sachs Alternatives and TCGX with participation from EQT Life Sciences, Omega Funds, Perceptive Advisors, Kalehua Capital, Medicxi and Droia. * 14 Periodic Labs Artificial Intelligence (AI) - Data and Analytics - California $150MEquity Periodic Labs, an AI company building systems paired with robotic laboratories, raised $150 million from Andreessen Horowitz, Accel, Jeff Bezos and Eric Schmidt. * 15 CodeRabbit Artificial Intelligence (AI) - Data and Analytics - California $143MSeries C CodeRabbit, an AI-enabled code-review startup, raised $143M in a Series C led by Atomico and Smash Capital with participation from BMW i Ventures, Datadog, Hirtle Callaghan, SineWave Ventures, CRV, Scale Venture Partners, Flex Capital, Pelion Venture Partners and angel investors including senior executives from Apple and Amazon. * 16 Erco Energía Energy - Natural Resources - Antioquia $129MSeries C Erco Energía, a Colombian solar energy platform, raised $129 million in a Series C led by Axon Partners Group through Next Utility Ventures with participation from Augment Infrastructure and Norfund * 17 RoboStrategy Financial Services - Hardware - NA - Puerto Rico $122.9MEquity RoboStrategy, an investor focused on physical AI, raised $122.9 million via share issuances. * 18 Bridge to Life Biotechnology - Science and Engineering - Illinois $110MSeries C Bridge to Life, organ preservation and perfusion technology company, raised $110 million in a Series C equity financing plus debt financing led by Soleus Capital with participation from Lauxera Capital Partners, company directors, officers and employees, and debt provided by Soleus Capital Credit Opportunities Fund. * 19 Aureka Biotechnologies Biotechnology - Health Care - California $100MSeries B Aureka Biotechnologies, an AI-native TechBio company, raised US$100 million in a Series B with Granite Asia funding the first tranche exclusively and a prominent strategic investor leading a subsequent tranche, with participation from HighLight Capital and follow-on investments from MPCi and NRL Capital * 20 Emerald AI Artificial Intelligence (AI) - Data and Analytics - District of Columbia $90MEquity Emerald AI, a data center energy technology company, raised $90 million in a financing round (investors not disclosed).