Tracking when private companies are nearing a sale, recap, or financing event has always been a guessing game. With thousands of sponsor-backed firms spread across sectors and geographies, most deal teams are forced to react after the market moves.
Investors, bankers, and service providers struggle to know which private companies are gearing up for a transaction or capital raise. Signals are scattered, opaque, and nearly impossible to track across thousands of PE- and VC-backed businesses.
Dakota centralizes those signals (holding periods, funding rounds, platform acquisition dates, ownership changes, and exit timing patterns) into one predictive transaction-readiness tool. Instead of waiting for headlines, users can see which companies are showing the strongest likelihood of pursuing a sale, recapitalization, or new financing before the market knows.
Below is today’s list of five PE- or VC-backed companies that, based on their hold period, financing stage, and last transaction date, appear to be credible candidates for a sale or next-round raise.
Nothing is guaranteed, but these companies fall squarely within the timing windows where sponsors typically look to generate liquidity or secure additional capital.
Sourced from Dakota Sponsor Backed Companies.
1. Turing
Turing is a Palo Alto–based technology company that provides businesses with remote software engineering talent through an AI-driven platform that sources, vets, and manages developers. The company also supports AI model development and enterprise generative AI applications, and raised $111 million in a Series E round in March 2025 at a $2.2 billion valuation.
- Sector: Information Technology
- Last known transaction date: Series E, $111M, March 2025
- Why timing suggests a near-term transaction: Turing’s $111M Series E announced in March 2025 places the company approximately 12–18 months removed from its most recent financing. At this stage, venture-backed platforms often begin evaluating follow-on growth capital, strategic partnerships, or acquisition interest, as product-market fit strengthens and early commercial traction becomes more clearly established.
View all private company data in Dakota Marketplace.
2. Carpool Logistics
Carpool Logistics is a vehicle shipping marketplace that enables multiple clients to share space on a single truck, reducing costs and emissions. Founded in July 2021 and headquartered in Atlanta, Georgia, the company serves automotive auctions, dealers, OEMs, fleet operators, and individual customers.
- Sector: Industrials
- Last known transaction date: Series A, $12M, March 2025
- Why timing suggests a near-term transaction: Carpool Logistics’ $12M Series A announced in March 2025 places the company approximately 12–18 months removed from its most recent financing by mid to late 2026. At this stage, venture-backed logistics platforms often begin evaluating follow-on growth capital, strategic partnerships, or acquisition interest, as network density, carrier participation, and revenue scale continue to strengthen.
View all private company data in Dakota Marketplace.
3. Forth Therapeutics
Forth Therapeutics is a biotechnology company founded in 2024 and headquartered in Edinburgh, Scotland and Cambridge, England. The company is dedicated to advancing precision treatments for fibrosis, focusing on targeting the underlying mechanisms driving this condition. Forth Therapeutics aims to revolutionize fibrosis treatment through innovative therapeutic approaches.
- Sector: Health Care
- Last known funding round: Seed, Undisclosed, March 2025
- Why timing suggests a near-term transaction: Forth Therapeutics’ seed round announced in March 2025 places the company approximately 12–18 months removed from its initial institutional financing by mid to late 2026. At this stage, venture-backed biotechnology platforms often begin preparing for a follow-on funding round, strategic partnerships, or early acquisition discussions, particularly as preclinical milestones and development pathways become more clearly defined.
View all private company data in Dakota Marketplace.
4. AidKit
AidKit is a technology company that provides a platform for administering public benefits and relief aid programs. Their solution streamlines the process of accepting applications, verifying eligibility, and disbursing payments, aiming to enhance efficiency and compliance in social safety net programs.
- Sector: Information Technology
- Last known funding round: Series A, $8.5M, March 2025
- Why timing suggests a near-term transaction: AidKit’s $8.5M Series A announced in March 2025 places the company roughly 12–18 months removed from its most recent financing by mid to late 2026. At this stage, venture-backed civic and public-benefits technology platforms often begin evaluating follow-on growth capital, strategic partnerships, or acquisition interest, as program adoption, government partnerships, and revenue visibility continue to expand.
View all private company data in Dakota Marketplace.
5. Qevlar AI
Qevlar AI is a cybersecurity startup specializing in autonomous Security Operations Center (SOC) solutions. Founded in 2023 by Ahmed Achchak and Hamza Sayah, the company develops AI-powered agents that autonomously investigate and respond to security alerts, enhancing SOC efficiency and accuracy.
- Sector: Information Technology
- Last known funding round: Venture Funding, $14M Total, April 2025
- Why timing suggests a near-term transaction: Qevlar AI’s $14M financing announced in April 2025 places the company approximately 12–18 months removed from its most recent funding by mid to late 2026. At this stage, venture-backed cybersecurity platforms often begin preparing for follow-on growth capital, strategic partnerships, or early acquisition interest, particularly as enterprise deployments scale and recurring revenue visibility strengthens.
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!
