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. Prophetic Technologies
Prophetic Technologies Inc., founded in 2023 and headquartered in Portland, Oregon, specializes in AI-powered solutions for real estate development. Their platform offers tools like SearchAI™, ZoneAI™, SiteAI™, DevMap™, DealDesk™, and Due Diligence, designed to streamline the development process by analyzing zoning maps, property data, and other critical information.
- Sector: AI / PropTech / Real Estate Development Software
- Last known transaction date: Seed round, April 2025
- Why timing suggests a near-term transaction: Prophetic completed its seed round in April 2025 to fund national expansion, including rollout into 10 additional states (13 total). With expansion capital deployed and geographic scaling underway, the company will likely pursue a Series A raise within the next 12–24 months to support product development, sales growth, and broader market penetration. Early-stage PropTech companies typically raise follow-on institutional capital shortly after demonstrating traction from seed-funded expansion efforts.
View all private company data in Dakota Marketplace.
2. Southerapeutics
Solu Therapeutics is a biotechnology company pioneering a novel therapeutic modality to target cell surface proteins previously inaccessible by traditional antibodies. Their proprietary platform combines bifunctional small molecules with effector antibodies to develop treatments for oncology and immunological diseases.
- Sector: Biotechnology / Oncology & Immunology Therapeutics
- Last known transaction date: Series A $41M, April 2025
- Why timing suggests a near-term transaction: Solu Therapeutics closed a $41M Series A in April 2025 and initiated a Phase 1 clinical trial for STX-0712. With capital now deployed into early clinical development, the company will likely seek additional financing (Series B or crossover round) upon achieving key Phase 1 safety/efficacy milestones. Clinical-stage biotech companies typically return to market within 12–24 months to fund trial expansion and pipeline advancement, particularly following positive early data readouts.
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3. AppWorks
AppWorks is a Venture Capital firm operating within the Taipei metro area. The firm is located at 8F-1, No. 88, Yanchang Rd., Xinyi District, Taipei. AppWorks manages an AUM of $250M. Founded in 2009, the firm functions as a leading accelerator and early-stage venture capital entity in Greater Southeast Asia. It supports startups through its Accelerator and AppWorks Funds, investing from seed rounds of approximately $200,000 up to $15 million in C rounds. The firm is recognized for its extensive community, including 624 active startups and over 2,000 founders, and has developed programs for engineering training and AI education.
- Sector: Accelerator / Early-Stage Technology Investment
- Last known funding round: Series A, $13M, April 2025
- Why timing suggests a near-term transaction: With a $13M Series A completed in April 2025, AppWork is entering a growth and scaling phase focused on product expansion and customer acquisition within multifamily property management. Vertical SaaS companies that demonstrate strong post-Series A adoption, particularly with enterprise customers like NMHC 50 operators,c often return to market within 18–24 months for a Series B to accelerate go-to-market expansion, deepen integrations, and pursue category leadership. If growth metrics track positively, a follow-on round in late 2026–2027 would be consistent with typical SaaS capital cycles.
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4. Grain Ecosystem
Grain Ecosystem is a startup focused on accelerating decarbonization by simplifying the process of removing carbon from the atmosphere. They empower carbon project developers by providing tools and expertise to deploy waste-to-value projects efficiently, aiming to address global warming through innovative solutions.
- Sector: Climate Tech
- Last known funding round: Seed round, April 2025
- Why timing suggests a near-term transaction: With a seed round completed in April 2025 to scale its AI-powered waste-to-value platform and expand its partner network, Grain Ecosystem is entering an early commercialization and growth phase. Climate infrastructure and carbon market platforms that demonstrate project deployment traction and revenue visibility often return to market within 18–24 months for a Series A to fund geographic expansion, deepen enterprise partnerships, and build out marketplace infrastructure. Given increasing regulatory and voluntary carbon market tailwinds, a follow-on growth round in late 2026–2027 would align with typical climate-tech funding cycles.
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5. Charm Security
Charm Security is a New York–based AI-powered consumer security company founded in 2024 that helps enterprises protect customers from scams, social engineering, and fraud. The platform provides real-time detection, prevention tools, and educational resources designed to reduce human-centric security risks.
- Sector: Industrials
- Last known funding round: Seed Venture, $8M, March 2025
- Why timing suggests a near-term transaction: Charm Security’s $8M seed round announced in March 2025 places the company approximately 12–18 months removed from its initial financing by mid to late 2026, aligning with the typical window when seed-stage companies begin planning their next growth round. As product validation, customer traction, and security partnerships expand, the company is likely to evaluate follow-on capital, strategic cybersecurity investment, or acquisition interest.
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!
