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 January alone, we added more than 1,900 new private company transactions, bringing the total to over 17,300 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.
Sourced from Dakota Sponsor Backed Companies.
1. RayThera, Inc.
RayThera, Inc. is a biotechnology company specializing in the development of small molecule therapies targeting unmet needs in immunology. Founded in August 2023 and headquartered in San Diego, California, the company leverages decades of drug discovery expertise to accelerate the development of transformative therapies for immunological conditions.
- Sector: Health Care
- Industry: Pharmaceuticals
- Last known transaction date: Series A, $110M announced in April 2025
- Major sponsors/backers: Co-led by Foresite Capital and OrbiMed Advisors, with participation from TTM Capital
- Why timing suggests a near-term transaction: Since RayThera raised a large $110M Series A in April 2025, the typical 12–18 month runway and milestone-driven biotech funding cycle suggests they may return to market soon for a Series B once clinical or pipeline catalysts are reached. In pharma, strong early momentum plus high burn rates often leads to a follow-on raise or strategic partnership within 1–2 years of a major Series A.
View all private company data in Dakota Marketplace.
2. Adaptis
Adaptis is an AI-powered platform specializing in whole lifecycle decarbonization and capital planning for buildings. It assists building owners, asset managers, developers, and consultants in optimizing energy efficiency, reducing greenhouse gas emissions, and enhancing financial performance through data-driven decision-making.
- Sector: Industrials
- Industry: Building Products
- Last known transaction date: Seed, $4M announced April 2025
- Major sponsors/backers: Led by Building Ventures, with participation from MetaProp, 2048 Ventures, Powerhouse Ventures, and Blue Vision Capital
- Why timing suggests a near-term transaction: Since Adaptis raised a $4M Seed round in April 2025, timing suggests they may be approaching a follow-on Seed extension or Series A as they hit early product and commercial traction milestones within a typical 9–18 month window. In industrial/building products, early capital is often quickly deployed into pilots, manufacturing setup, and go-to-market validation, which can trigger a near-term raise.
View all private company data in Dakota Marketplace.
3. ARTISAN
Artisan is a technology company specializing in automating outbound sales processes through an AI-driven platform. Their flagship product, Ava, is an AI Business Development Representative (BDR) that streamlines lead generation, prospecting, and outreach, enabling sales teams to focus on building customer relationships. Artisan serves businesses seeking to enhance their sales efficiency and effectiveness.
- Sector: Information Technology
- Industry: Software
- Last known funding round: Series A, $25M announced in April 2025
- Major sponsors/backers: Glade Brook Capital Partners, Alumni Ventures, Y Combinator, TriplePoint Capital, Soma Capital, Sequoia Scout, Sahin Boydas, HubSpot Ventures, Fellows Fund, Day One Ventures
- Why timing suggests a near-term transaction: Since ARTISAN raised a $25M Series A in April 2025, the typical SaaS funding cycle suggests they may pursue a Series B within ~12–18 months as they scale revenue and expand go-to-market efforts. Strong Series A rounds in software are often followed relatively quickly by a larger raise once growth metrics and retention data mature.
View all private company data in Dakota Marketplace.
4. Kero gaming
Kero Gaming is a Miami-based company specializing in micro-betting solutions for the sports betting industry. Founded in 2020, it offers real-time, algorithmically-curated betting markets across major sports, including soccer, football, basketball, and baseball, to over 180 sportsbooks worldwide. The company aims to enhance live betting experiences by providing dynamic, contextually relevant micro-markets tailored to live game action.
- Sector: Communication Services
- Industry: Interactive Media & Services
- Last known funding round: Series A, $3M announced May 2025
- Major sponsors/backers: SIG Sports Investments Corp., Eberg Capital, Sharp Alpha Advisors
- Why timing suggests a near-term transaction: Since Kero Gaming raised a relatively small $3M Series A in May 2025, timing suggests they may need additional capital within the next 12–18 months to fund user acquisition, product expansion, and licensing costs typical in interactive media. If early traction or partnership milestones hit, a Series A extension or Series B could come sooner than expected.
View all private company data in Dakota Marketplace.
5. SigIQ
SigIQ is an AI-driven educational technology company founded on August 31, 2023, in Berkeley, California. The company focuses on developing reliable and trustworthy generative AI solutions to make personalized learning accessible and affordable by reducing costs to the price of computation. SigIQ aims to democratize personalized 1:1 education for students globally.
- Sector: Information Technology
- Industry: Software
- Last known funding round: Seed, $9.5M announced in April 2025
- Major sponsors/backers: The House Fund, GSV Ventures, General Catalyst, Duolingo, Peak XV Partners, and others participated in this seed funding round
- Why timing suggests a near-term transaction: Since SigIQ raised a $9.5M Seed round in April 2025, they are likely entering the typical 12–18 month window where companies pursue a Series A to scale sales, product development, and customer acquisition. In software, strong early traction or enterprise pilots can accelerate that timeline, pointing to a potential near-term follow-on round.
View all private company data in Dakota Marketplace.
Use Dakota’s Sponsor Backed Company Intelligence to Spot Likely Exits Before the Market Does
Dakota’s private company data gives you a real-time view into thousands of sponsor-backed companies, including platform acquisition dates, funding rounds, parent sponsors, add-on activity, and sector categorization.
Instead of guessing where companies are in their lifecycle, you can instantly identify which ones are approaching the typical timing windows for a sale or recap.
Fully integrated into Dakota Marketplace, this dataset enables deal sourcers, investor relations teams, and allocators to anticipate transactions, build targeted outreach lists, and stay ahead of market announcements, every single day.
To explore more companies likely to transact, book a demo of Dakota Marketplace!
