Daily Funding Roundup:
Mar 26, 2026
GLP-1 telehealth platform eMed raised a jaw-dropping $200M Series A, the year's largest healthcare A round. Laundromat vertical SaaS Cents raised $140M. Oral peptide AI company Pinnacle Medicines closed $89M. Blockchain infra company Startale pulled in $63M backed by SBI and Sony. ByteDance sold Moonton to Saudi Arabia's Savvy Games for over $6B. Eleven deals totaling $620M+.
Rounds
GLP-1 telehealth giant eMed raised a massive $200M Series A, the largest healthcare Series A of the year. CEO Linda Yaccarino (yes, the former Twitter/X CEO) is building an agentic AI platform that partners with employers and government payers to manage GLP-1 medication usage for obesity and diabetes. The capitated model promises to lower employer healthcare costs by managing the full GLP-1 patient journey. The investor list reads like a celebrity roster: Tom Brady, Joe Lonsdale (8VC/Palantir co-founder), and Chicago Cubs Chairman Tom Ricketts. At $200M for a Series A, this is a bold bet that GLP-1 management becomes its own category.
Vertical SaaS darling Cents raised $140M for its all-in-one software, hardware, and payments platform for laundromats and dry cleaners. That is the largest single software investment in the laundry vertical, ever. The company serves 4,500+ locations processing $1B in payments annually. Founded in 2021, Cents has raised $217M total. The thesis is classic vertical SaaS: own the entire stack (POS, payments, fleet management, customer apps) in a fragmented industry where the incumbents are coin-operated machines from the 1990s.
Oral peptide pioneer Pinnacle Medicines raised an oversubscribed $89M Series B. The company integrates physics-based molecular simulations, AI-enabled design, and advanced peptide chemistry to develop oral peptide therapeutics, a holy grail of drug design. Pipeline targets immunology and cardiometabolic diseases. LAV and Foresite Capital co-led with a deep syndicate of healthcare specialists. Total raised: $134M.
Singapore-based blockchain infrastructure company Startale closed a $63M Series A (second close, $50M from SBI Group). Building Strium, a blockchain for tokenized securities, and the JPYSC yen stablecoin. The SBI partnership gives Startale access to 80M+ customers in Japan's largest online financial ecosystem. Sony Innovation Fund participated with $13M in the first close. The bet: institutional crypto adoption in Asia will be driven by regulated stablecoins and tokenized securities, not DeFi.
Also Noted
Legal tech platform for court reporting and litigation support raised $49M led by Savano Capital Partners with First Round Capital and The Legal Tech Fund. Recently launched Transcript Genius, an AI-powered transcript analysis tool. Total raised: $150M.
AI-Native Radio Access Network company raised $45M from a strategic syndicate including Booz Allen, Cisco, Nokia, NVIDIA, AT&T, and Cerberus Capital. Building the Odyssey RAN platform that transforms mobile towers into edge computing hubs for AI inference.
AI operating system for regulated industries raised $30M led by Headline with Lightspeed, Jibe Ventures, and Illuminate Financial. Originally a specialty insurer, Notch pivoted to build AI agents with governance and auditability for compliance-heavy workflows. 12x ARR growth in 12 months.
Stablecoin FX settlement startup raised $17M led by Castle Island Ventures with Haun Ventures and Coinbase Ventures. Builds high-speed fiat-to-stablecoin FX infrastructure for institutional clients. Co-founded by former Bitso employees.
Distributed power delivery company raised an oversubscribed $13.9M led by Silicon Badia. Patented Power Neuron platform replaces inductors with compact, software-coordinated capacitor modules for AI data centers and electric mobility.
Agentic exposure management platform raised $11M seed led by Hetz Ventures and Brightmind Partners. AI agents automate vulnerability prioritization and remediation. Founded after an Iranian state-sponsored cyberattack exploited a known vulnerability at co-founder's previous company.
Construction payroll and compliance platform raised $10M led by White Star Capital with Y Combinator and Suffolk Technologies. Reduced payroll processing from 14 hours to 27 minutes for specialty trade contractors. 600%+ YoY revenue growth.
News & Signals
GLP-1 management becomes its own venture category
eMed's $200M Series A is the clearest signal yet that GLP-1 weight loss drugs are creating an entire ecosystem of startups. The market logic: Ozempic and Wegovy cost employers $1,500-2,000 per month per patient, creating massive demand for platforms that can manage costs while improving outcomes. eMed's capitated model (fixed price per patient) shifts risk from employer to platform, which only works if the AI can identify the right patients and manage their journeys efficiently. With GLP-1 prescriptions projected to reach 30M Americans by 2030, expect more startups attacking different pieces of the value chain.
Vertical SaaS keeps winning: laundromats join the club
Cents raising $140M for laundromat software proves that no vertical is too niche for venture capital if the TAM math works. The playbook is well-established: ServiceTitan ($9.5B IPO for HVAC/plumbing), Procore ($10B for construction), Toast ($15B for restaurants). Cents is betting that laundry's 35,000+ U.S. locations, combined with payments processing and fleet management, create enough recurring revenue to justify the investment. The broader trend: VCs have largely moved past horizontal SaaS and are funding vertical specialists who own the full stack in specific industries.
ByteDance exits gaming with $6B+ Moonton sale to Saudi Arabia
ByteDance sold its gaming studio Moonton Technology (maker of Mobile Legends: Bang Bang) to Saudi Arabia's Savvy Games Group for over $6B. The deal marks ByteDance's full retreat from gaming after years of aggressive expansion. For Saudi Arabia's gaming ambitions, Moonton is the crown jewel: Mobile Legends has 100M+ monthly active users, primarily in Southeast Asia, giving Savvy Games instant scale in the fastest-growing gaming market. The geopolitical angle is hard to ignore: a Chinese tech giant selling a dominant Southeast Asian game studio to a Gulf sovereign wealth fund.
AI-RAN: the telecom infrastructure layer nobody is watching
ODC's $45M raise for AI-native radio access networks is a quiet but significant signal. The investor list (Cisco, Nokia, NVIDIA, AT&T, Booz Allen, Cerberus) reads like a who's-who of telecom and defense infrastructure. The thesis: as 5G transitions to 6G, mobile towers can become edge computing hubs running AI inference at the network edge. This collapses the gap between cloud and device, enabling real-time AI applications (autonomous vehicles, AR, industrial IoT) that cannot tolerate cloud latency. ODC is positioning for a market that does not fully exist yet, but the strategic investors suggest it is coming faster than most realize.
VC Mood on X
Wednesday's VC mood was shaped by two forces: GLP-1 mania and vertical SaaS conviction. eMed's $200M Series A had investors debating whether GLP-1 management platforms will be the next big healthcare category or whether the opportunity is a bubble driven by drug hype. The bulls point to employer healthcare costs spiraling past $15,000 per employee and GLP-1 drugs adding $2,000/month per patient. The bears argue that drug prices will fall as generics arrive in 2027-2028, collapsing the cost management opportunity. The truth is probably somewhere in between: the platform play (managing the full patient journey) is more defensible than the pure cost arbitrage.
Cents raising $140M for laundromat software delighted the "boring SaaS" crowd. The memes were inevitable ("$140M to wash my clothes?") but the underlying thesis is serious. VCs pointed to ServiceTitan's successful IPO as proof that vertical SaaS for unglamorous industries can produce massive outcomes. The key metric: $1B in payments processed annually means Cents is not just a software company but a payments company with a software moat. At ~2% take rate, that is $20M in payment revenue alone, before subscription fees.
The ByteDance/Moonton sale to Saudi Arabia drew the most geopolitical commentary. VCs noted that sovereign wealth funds are becoming the new acquirers for large consumer tech assets, particularly in gaming and entertainment. Saudi Arabia's Vision 2030 gaming strategy now includes the most popular mobile game in Southeast Asia, creating a new axis of tech influence that runs through Riyadh rather than Silicon Valley or Beijing. "The future of tech M&A is not Big Tech acquiring startups," one partner posted. "It is sovereign capital acquiring ecosystems."
Rounds and signals sourced from SEC filings, press releases, and verified news reports. "Also Noted" covers smaller or less-documented deals. All amounts in USD unless noted. Reporting reflects information available at time of publication.