For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.
In November alone, we added more than 4,000 new private company transactions, bringing the total to over 13,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.
Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the Dakota transactions newsletter, helping you cut through the noise and focus on what matters most.
To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.
Below are the top 10 communication service transactions.
1. EchoStar AWS-3 Spectrum License - Asset Purchase
- Transaction Date: 11/6/2025
- Industry: Diversified Telecommunication Services
- Type: Acquisition / Merger
- Transaction Value: $2.6B
- Participants: SpaceX and EchoStar Corp
EchoStar has amended its agreement with SpaceX to sell its nationwide unpaired AWS-3 spectrum licenses for roughly $2.6 billion in SpaceX stock, advancing the companies’ collaboration on next-generation direct-to-cell services. The deal combines EchoStar’s AWS-3, AWS-4, and H-block spectrum with SpaceX’s launch and satellite capabilities to accelerate global mobile connectivity, with closing contingent on regulatory approvals.
2. Suno - Series C
- Transaction Date: 11/19/2025
- Industry: Interactive Media & Services
- Type: Venture
- Transaction Value: $250M
- Participants: NVentures, Matrix Partners, Menlo Ventures, Hallwood Media, and Lightspeed Venture Partners
Suno has raised $250 million in Series C funding at a $2.45 billion valuation, marking one of the largest financings to date in AI-driven music creation. The round was led by Menlo Ventures, with participation from NVentures (NVIDIA), Hallwood Media, Lightspeed, and Matrix. The company plans to accelerate development of its full-stack AI music ecosystem — including its flagship Suno Studio workstation, its v5 generative music model, and new professional and social tools for creators.
3. Nativo - Strategic Acquisition
- Transaction Date: 11/10/2025
- Industry: Media
- Type: Acquisition / Merger
- Transaction Value: $120M
- Participants: Life360 Inc, Stifel, Sidley Austin LLP, Perella Weinberg Partners LP, Cooley LLP, Advance Venture Partners, BDMI, Inc. // 1745 Ventures, Canyon Creek Capital, Greycroft, and Nativo
Life360 has agreed to acquire ad-tech platform Nativo for approximately $120 million in cash and stock, expanding its ability to deliver targeted, privacy-safe advertising to families both inside and outside the Life360 app. The deal accelerates Life360’s advertising roadmap by integrating Nativo’s full ad-tech stack, publisher network, and sales infrastructure, enabling a full-funnel platform that combines Life360’s real-world family and location insights with Nativo’s contextual, non-interruptive ad formats. The transaction is expected to close in January 2026.
4. Ero’s Film, Music and AI Asset - Asset Purchase
- Transaction Date: 11/20/2025
- Industry: Entertainment
- Type: Acquisition / Merger
- Transaction Value: $100M
- Participants: Eros Innovation
Eros Innovation raised $150 million through a combination of new funding and strategic acquisitions to accelerate its evolution into an AI-driven media and entertainment platform. The capital and acquired assets — including an immersive studio and a $97 million IP portfolio — will expand its AI infrastructure, content capabilities, and foundation-model ecosystem.
5. Eros Innovation - Minority
- Transaction Date: 11/20/2025
- Industry: Entertainment
- Type: Growth Equity
- Transaction Value: $50M
- Participants: Plenitude Capital and Greenback Capital
Eros Innovation secured $150 million through a $50 million investment led by Plenitude Capital and roughly $100 million in acquisitions of film, music, and AI assets. The capital will accelerate development of its Eros GenAI platform and expand the company’s IP catalog, immersive production capabilities, and AI-driven media ecosystem.
6. FluentStream - Strategic Acquisition
- Transaction Date: 11/3/2025
- Industry: Diversified Telecommunication Services
- Type: Acquisition / Merger
- Transaction Value: $45M
- Participants: Ooma Inc, FluentStream, and KeyBank Capital Markets Inc.
Ooma will acquire FluentStream for approximately $45 million in cash, expanding its SMB-focused cloud communications portfolio. The deal is expected to be immediately accretive to adjusted EBITDA and non-GAAP EPS, with FluentStream contributing $24–25 million in revenue and $9.5–10.5 million in EBITDA annually.
7. Agentio - Series B
- Transaction Date: 11/18/2025
- Industry: Media
- Type: Venture
- Transaction Value: $40M
- Participants: Starting Line VC, Forerunner Ventures, Benchmark Capital Partners, Craft Ventures, AlleyCorp, and Antler Global
Agentio raised a $40 million Series B led by Forerunner, valuing the AI-native creator advertising platform at $340 million. The funding will accelerate global expansion of its automated infrastructure that enables brands to scale creator-led ad campaigns and shift more digital ad spend to creators.
8. Phone.Com - Strategic Acquisition
- Transaction Date: 11/24/2025
- Industry: Diversified Telecommunication Services
- Type: Acquisition / Merger
- Transaction Value: $23.2M
- Participants: Phone.Com, Ooma Inc, and Telegraph Hill Advisors, LLC
Ooma will acquire Phone.com for approximately $23.2 million in cash, expanding its SMB-focused cloud communications portfolio. Phone.com is expected to contribute $22–23 million in revenue and $1–1.5 million in EBITDA annually, with the deal becoming accretive to Ooma’s adjusted EBITDA and non-GAAP EPS upon closing.
9. Impresa Group - Strategic Acquisition
- Transaction Date: 11/26/2025
- Industry: Media
- Type: Acquisition / Merger
- Transaction Value: $20.1M
- Participants: MFE-Mediaforeurope N.V. and Impresa Group
MFE–MediaForEurope has acquired a 32.9% minority stake in Portuguese media group Impresa, expanding its footprint across the Iberian Peninsula and strengthening its European media presence. The investment establishes a long-term partnership with the Balsemão family and will immediately kick off collaboration in advertising sales and digital platform development.
10. Automat - Series A
- Transaction Date: 11/19/2025
- Industry: Media & Entertainment
- Type: Venture
- Transaction Value: $15.5M
- Participants: Felicis Ventures, Initialized Capital Management LLC, Khosla Ventures, Y Combinator Inc, K5 Global, and Input Capital
Automat raised a $15.5 million Series A led by Felicis, bringing total funding to $19.25 million. The company will use the capital to scale its AI-agent automation platform, offering a modern alternative to legacy RPA tools by enabling enterprises to create reliable, scalable automations simply by demonstrating their workflows.
Transactions in Dakota Marketplace
At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.
Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.
Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.
For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.
