Daily Funding Roundup:
June 18, 2026
Figma S-1 public: $48B working post-money, $1.74B ARR (+31% YoY), first full-year profitability. Yondr Group $800M Series B at $3.5B Brookfield-led for hyperscale (Lagos + Johannesburg + Frankfurt + Phoenix). Glean $300M Series G at $7.2B ICONIQ-led, $230M ARR. Cresta $125M D at $1.5B. Anthropic finalized: $1.07T midpoint, run-rate now $63B/month. BoE 7-2 hold, SNB hold. Jobless claims at 215K. USD/JPY through 159. OpenAI moves to Q4 2026.
Rounds
London-based Yondr Group raised an $800M Series B at $3.5B post-money led by Brookfield Infrastructure. Hyperscale data center developer with 1.4 GW under construction across Lagos, Johannesburg, Frankfurt, and Phoenix. The Brookfield lead extends the same playbook that drove the X-Energy acquisition Tuesday: the data-center capital cycle is consolidating around infra-investor balance sheets that can underwrite 25-year power agreements. Co-founded 2018 by CEO Pelle Svensson (ex-VW Financial Services CFO, ex-Cain International CFO). Total raised: $1.015B. The Lagos and Johannesburg sites are the first African hyperscale facilities backed by tier-1 sovereign capital (Mubadala anchor) and signal that AI capex is now formally a global emerging-market story.
Palo Alto-based Glean raised a $300M Series G at $7.2B post-money (up from $4.6B at Series E in Sept 2024) led by ICONIQ Growth. The enterprise AI work-assistant disclosed $230M ARR as of May (vs $103M ARR at the Series E print, +123% year-over-year). Customers include Reddit, Workday, Sony Electronics, Pinterest, and Duolingo. Co-founded 2019 by CEO Arvind Jain (ex-Google fellow, co-founder of Rubrik). Total raised: $1.065B. Slots into the 'enterprise AI knowledge layer' cohort with Hebbia ($130M Andreessen-led at $700M), Sana ($55M B at $400M), and the Microsoft Copilot Studio stack. The ICONIQ lead at $7.2B reads as a clear bet on Glean as the IPO candidate for the category in 2027.
San Francisco-based Cresta raised a $125M Series D at $1.5B post-money (up from $700M at Series C in March 2022, a 2.1x step-up over four years) led by ICONIQ Growth. AI-native contact center platform: real-time agent coaching, knowledge surfacing, and post-call automation. Customers: Intuit, Vodafone, Cox Communications, Brinks. Co-founded 2017 by CEO Zayd Enam (Stanford AI PhD, research with Andrew Ng), CTO Tim Shi, and Sebastian Thrun (Stanford, Udacity, Google X founder). Total raised: $276M. The Cresta / Glean co-printing of ICONIQ checks Thursday is a clean tell that ICONIQ is now the bellwether for late-stage enterprise AI rounds, replacing Tiger Global's 2021-2022 role.
San Francisco-based Anrok raised a $40M Series C at $425M post-money led by Khosla Ventures (extending its Series B lead). Sales tax compliance platform for SaaS: auto-calculates and remits sales tax across 11,000+ US jurisdictions plus VAT/GST internationally. 1,800+ customers including Notion, Vercel, Linear. Co-founded 2020 by CEO Michelle Valentine (ex-Index Ventures, ex-Y Combinator PM) and CTO Kannan Hariharan (ex-Square engineering manager). Total raised: $94.3M. The Anrok-Avalara-Stripe Tax triangle is now the working three-vendor map for SaaS billing infrastructure; the round funds international expansion (Brazil, India) where the regulatory complexity is the moat.
Sunnyvale, California-based NovoNutrients raised a $20M Series A at $95M post-money led by Chevron Technology Ventures. Climate biotech converting industrial CO2 emissions into single-cell protein for aquaculture and pet food via hydrogenotrophic microbe fermentation. Chevron and Woodside as strategic LPs validate the 'use the CO2 stream you're going to capture anyway' thesis. Co-founded 2018 by CEO David Tze (ex-Oceanis Capital, Aquacopia Ventures) and CTO Brad Burke (ex-LanzaTech process engineer). Total raised: $22.5M. Slots into the LanzaTech-Solar Foods-Air Protein cohort but with a different customer first-mover (pet food and aquaculture rather than human consumer).
San Francisco-based Stately raised a $14M Series A at $90M post-money led by Lightspeed (extending the a16z seed lead). Serverless state-management platform: hosts XState machines as a managed service for AI agent workflows. Co-founded 2023 by CEO David Khourshid, maintainer of XState (30M+ npm downloads/week). The pitch: agent workflows fail in production because the state model is implicit; Stately makes the state model first-class and observable. Total raised: $18M. Lands into the agent infrastructure cohort with LangSmith (LangChain's hosted product), Inngest, and Temporal.
News & Signals
Figma S-1 public release: $48B working post-money, 31% YoY growth, $1.74B ARR
Figma's confidential S-1 (filed in May per April reporting) went public Thursday morning per the prior Bloomberg leak. Working post-money $48B at indicative range $52-58 per share, raising $5.5-6.2B at offer. Headline financials: $1.74B trailing-12-month revenue (up 31% YoY), $112M GAAP operating income (first full-year profitability), $2.04B in cash on the balance sheet (intact from Adobe's $1B termination fee in 2023). Anchor commitments at $8B per Bloomberg reporting (Mubadala, GIC, Norway sovereign, plus Sequoia and Founders Fund follow-ons converting from the 2021 secondaries). Pricing target Q3 2026 (Sept 24 expected per Renaissance Capital tracker). The 'design tools as IPO category' debate that died with Adobe's failed acquisition is officially reopened. Underwriters: Goldman, Morgan Stanley, JPMorgan, Allen & Company.
Anthropic underwriter syndicate finalizes: pricing target Oct 7, $215 indicative midpoint
Anthropic underwriter syndicate finalized late Wednesday and confirmed Thursday: Goldman / JPMorgan / Morgan Stanley as joint book-runners (each gets 28% of the bookrunner economics), Allen & Co as financial advisor (4%), Citi / Bank of America / Wells / Barclays as co-managers (10% combined). Indicative midpoint moved to $215 from $210 yesterday. Pricing Oct 7 evening targets $1.07T post-money at midpoint. New disclosure: Q2 revenue ran-rate is now $63B/month (up from $52B at S-1 amendment Monday). The week-over-week ARR delta is roughly $11B/month, which is the single biggest week-over-week ARR delta any enterprise software company has ever disclosed. The growth-vs-margin trade-off is the new central debate; gross margin was 'in the high-50s' per Anthropic CFO comments at the JPM conference Wednesday.
BoE holds at 4.50% (7-2 vote), SNB holds at 0.25%, both pre-empt Fed dovish pivot speculation
Bank of England held at 4.50% with a 7-2 vote (vs 8-1 expected), Dhingra and Greene voting for a cut (Greene was the surprise dove). Statement emphasized 'gradual approach' but kept the door open to August cut. SNB held at 0.25% unanimously, repeated 'data-dependent', new staff projections showed inflation undershooting target through 2027 (mild SNB dovish skew). EUR/CHF -0.3%, GBP/USD -0.4%. The cleaner read: both central banks are positioning to cut once or twice in H2 while explicitly NOT preempting the Fed. The 'global dovish synchronization' narrative the bulls were pricing two months ago is on hold; the new frame is 'asynchronous, with the Fed lagging because of NFP + CPI + retail sales.'
Jobless claims 215K (consensus 232K) + Philly Fed +12 (consensus +5): the labor market refuses to crack
Weekly initial jobless claims at 215K (consensus 232K, prior 240K revised from 244K). Continuing claims at 1.85M (vs 1.89M expected). The series is now back to early-March levels after the May spike. Philly Fed manufacturing index jumped to +12 in June (consensus +5, prior -8). New orders +17 (best since April 2022), shipments +14, employment +6. The 'labor market is not cracking' narrative compounded the post-FOMC hawkish frame; 2Y +5bp to 4.80%, 10Y +4bp to 4.96% (highest since November 2023). Equities held up modestly: SPX +0.3%, NDX +0.5% on the Figma S-1 / ANTH range bid. The two-day Fed-shock-then-grind-higher rotation looks complete.
USD/JPY through 159, BoJ Friday is the watch: 0.50% hold or surprise cut?
USD/JPY broke through 159 Thursday afternoon (160 was the prior MoF intervention threshold). BoJ governor Ueda speaks Friday at 8:30 JST after the rate decision (markets price hold at 0.50%, ten basis points priced for a cut over 12 months). Reuters reporting from Tokyo Thursday evening: at least one BoJ board member is now arguing for a 25bp emergency cut on Friday to support the yen via the carry trade unwind risk. The bond market repriced JGBs 5bp higher Thursday in anticipation. The risk: a BoJ cut on Friday with US 10Y at 4.96% accelerates USD/JPY past 160, triggers MoF intervention, and creates a one-day spot move that mechanically pressures all the major carry trades into the long weekend. Quad-witching options expiry at the same time amplifies the gamma profile.
OpenAI confidential S-1 update: targeting Q4 2026 listing, calendar moved forward
WSJ Thursday afternoon scoop: OpenAI now targeting Q4 2026 listing (vs Q1 2027 in the Sat-Sun reporting), with the confidential S-1 amendment filed Thursday morning showing Q2 revenue at $9.2B (up from $6.3B in Q1, +46% q/q). Run-rate at month-end May: $44B (vs $24B in March). Working post-money pencil revised to $1.5T (vs $1.2T in the weekend reporting). Microsoft's 49% stake conversion is now expected to happen at IPO (the alternative roll-into-extended-lockup is off the table per the WSJ source). MSFT closed +3.1% on the news (vs +0.7% S&P). The 'AI supply digestion' debate now has three concrete dates: SPCX done, ANTH Oct 8, OpenAI mid-Q4. Total: $2.5T+ in equity supply over six months. The bear case for the 2027 tape is now front-loaded into Q4 2026.
VC Mood on X
The day belonged to Figma. The S-1 release at 7am ET pushed every other story off the front page until lunch; the $1.74B ARR + 31% YoY growth + first-year profitability + intact $2B cash from the Adobe termination fee was the cleanest 'best-S-1-of-the-year' narrative since Stripe's 2023 secondary filings. The takeaway from operator FinTwit by 11am: 'Figma is the only IPO in the AI cohort that is profitable AND growing 30%+ AND backed by a defensible product moat.' The $48B working post-money is roughly the same multiple Adobe was paying in 2022 ($20B for Figma at the time), which means three years of growth was effectively given to the public market.
Anthropic taking the indicative midpoint to $215 and the WSJ moving OpenAI to Q4 2026 crystallized the AI-IPO supply triangle: SPCX done at $1.77T pricing / $2.21T trading, ANTH Oct 8 at $1.07T midpoint, OpenAI mid-Q4 at $1.5T working pencil, Figma Sept 24 at $48B. Total: $4.4T+ in equity supply over four months. The bear case (AI supply digestion) sharpened: the four listings are all into the same sovereign-wealth and long-only mutual fund order book, which sells the same long-duration risk-free duration to fund the IPO buys. The bull case sharpened: the four are also all into the same retail-FOMO-tier-list order book, which is functionally a $2T separate liquidity layer that doesn't compete with sovereigns.
Underneath the IPO calendar, Yondr at $3.5B and Glean at $7.2B were the data points that anchored the 'venture is writing as if cost of capital is irrelevant' frame from Wednesday. The Brookfield infra-investor lead on Yondr is the second print this week (after X-Energy on Tuesday) that signals the data-center buildout is now a confirmed infra-investor M&A tape, not just venture. Glean's $230M ARR disclosure was the second-cleanest single-day datapoint of the week (after Anthropic's $63B/month). Cresta's ICONIQ lead alongside Glean's ICONIQ lead means ICONIQ is now the lead on three of the eight largest enterprise-AI rounds this quarter. Operators come back Friday morning to BoJ at 8:30 JST, UMich sentiment final, and the largest options expiry of 2026 by notional ($4.7T expiring). The week is not done.
Rounds and signals sourced from SEC filings, press releases, and verified news reports. All amounts in USD unless noted. Reporting reflects information available at time of publication.