Valuations for top private companies continue to increase with further share sales, tender offers and fundraising rounds highlighting continued momentum across fintech and AI.

In company news, we’re pleased to share VenCap’s recent podcast appearance: Inside VenCap’s Data-Driven Playbook for Venture Returns.  

ByteDance – Stake Sale Values the Company at $550 Billion
ByteDance is a global social media company best known for TikTok, and Reuters reported that General Atlantic is selling an equity stake in a deal valuing the company at $550 billion. The report described this as the first major share sale since the Trump administration cleared the sale of the U.S. interests of TikTok in January, and noted this valuation implies a sharp uplift versus a share buyback last year. Reuters also reported ByteDance quarterly sales exceeded Meta in 2025, underscoring the scale being reflected in the valuation. ByteDance is an underlying asset of VenCap 6, VenCap 10A, VenCap 11A, VenCap 12, VenCap 13A, VenCap 13B, VenCap 15, VenCap 16 and VenCap 17.

Stripe – Tender Offer Values the Company at $159 Billion
Stripe provides payments infrastructure and software tools (billing, tax and invoicing) for internet businesses, and has been valued at $159 billion in a tender offer involving new and existing investors. The valuation represents an increase from $107 billion last year, signalling continued investor appetite even as the company is reported to be in no rush to IPO. Stripe also reported 2025 payments volume of $1.9 trillion (up 34% year-on-year), with management citing increasing enterprise usage and rapid growth across AI-native customers. Stripe is an underlying asset of VenCap 6, VenCap 10A, VenCap 12, VenCap 13A, VenCap 13B, VenCap 15, VenCap 16, VenCap 17 and VenCap 18.

Revolut – Considers H2 Share Sale at a $100 Billion Valuation
Revolut is a UK-founded global fintech and, per Reuters citing Bloomberg, is considering a fresh sale of shares in the second half of 2026. Investors are reportedly pushing for a new process that would value the business at at least $100 billion. Strategically, Revolut has launched full banking operations in Mexico and is planning further expansion outside Europe, positioning the group ahead of a potential public offering. Revolut is an underlying asset of VenCap 6, VenCap 16, VenCap 17 and VenCap 18.

Suno – Reports 2M Paid Subscribers and $300M Annual Revenue
Suno is an AI music creation platform, which has passed 2 million paid subscribers and reached $300 million in annual revenue, with more than 100 million people having used the product. The company has scaled quickly since its 2023 launch, despite facing copyright lawsuits and criticism from some artists. Suno previously disclosed that it raised $250 million in a funding round valuing the company at $2.45 billion. Suno is an underlying asset of VenCap 6, VenCap 16 and VenCap 17.

MatX – Raises $500M+ for AI Chips
MatX is an AI chip startup founded by two alumni of Google’s semiconductor business, focused on hardware optimised for running large language models. Recent reporting stated the company is now valued at “several billion dollars”, but it declined to disclose an exact valuation. The company plans to complete final chip design this year, manufacture with TSMC, and target shipments in 2027, with proceeds intended to reserve manufacturing capacity and components. MatX is an underlying asset of VenCap 16 and VenCap 17.

Profound – Raises $96M Series C at a $1B Valuation
Profound sells “answer-engine optimisation” software that helps brands measure and improve how AI assistants describe and recommend them, as AI answers increasingly displace traditional search links. Fortune reported Profound raised a $96 million Series C at a $1 billion valuation, bringing total funding to $155 million. The company says it already serves 700+ enterprise customers and 10% of the Fortune 500, and has launched “Profound Agents” to help generate and distribute marketing copy in a company’s voice. Profound is an underlying asset of VenCap 16 and VenCap 17.