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. Brinc
BRINC Drones is a Seattle-based company specializing in public safety drones, offering a connected ecosystem of hardware, software, and services designed to enhance emergency response operations. Their products, such as the Responder drone and LiveOps software, provide real-time aerial intelligence, two-way communication, and rapid deployment capabilities to law enforcement and first responders.
- Sector: Industrials
- Last known transaction date: Seed Venture, $75M, April 2025
- Why timing suggests a near-term transaction: As of early 2026, Brinc is roughly 9–12 months post–$75M Seed Venture round (April 2025), placing it within the typical 12–18 month window when venture-backed industrial platforms begin positioning for a Series A extension, strategic minority investment, or follow-on capital. For scaled seed raises of that size, investors often expect measurable deployment progress and the setup for a next-stage financing within that timeframe.
View all private company data in Dakota Marketplace.
2. Solu Therapeutics
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: Health Care
- Last known transaction date: Series A Venture, $41M, April 2025
- Why timing suggests a near-term transaction: As of early 2026, Solu Therapeutics is roughly 9–12 months post–$41M Series A (April 2025), placing it within the typical 12–24 month window when venture-backed health care companies begin preparing for a Series B, strategic partnership, or crossover financing. For clinical-stage platforms, that timing often aligns with key data milestones or pipeline progression that can catalyze the next capital raise or transaction.
View all private company data in Dakota Marketplace.
3. Luzern Risk
Luzern Risk, formerly known as XN Captive, is a privately held company headquartered in New York City, specializing in providing comprehensive captive insurance services. Founded in 2023, the company aims to modernize the captive insurance sector by offering a fully integrated digital platform designed specifically for the underserved middle market. Their mission is to make captive insurance more accessible and efficient for mid-market businesses, enabling them to take control of their risk management strategies. The leadership team includes CEO and Co-Founder Gabriel Weiss, who has over seven years of experience in the insurance industry and previously served as Entrepreneur-In-Residence at Point72; CMO and Co-Founder Sam Espinosa, with over 16 years in B2B sales and marketing; and CTO Jonathan York, who has 25 years of leadership experience in financial services technology. The company offers a range of services, including captive formation, management, and consulting, all through a user-friendly digital platform that integrates intelligent software with insurance expertise. Recent developments include securing a $12 million Series A funding round led by Caffeinated Capital in April 2025, which is being used to accelerate their mission of digitizing captive insurance for the middle market.
- Sector: Financials
- Last known funding round: Series A Venture, $12M, April 2025
- Why timing suggests a near-term transaction: As of early 2026, Luzern Risk is roughly 9–12 months post–$12M Series A (April 2025), placing it within the common 12–18 month window when fintech and risk-focused platforms begin positioning for a Series B, strategic minority investment, or partnership-driven capital raise. For capital-light financial technology models, that timeline often aligns with product scaling milestones and early revenue traction needed to support the next financing step.
View all private company data in Dakota Marketplace.
4. Unosecur
Unosecur is a Berlin-based cybersecurity company specializing in securing both human and non-human digital identities across cloud and on-premises environments. Their flagship product, the Unified Identity Fabric, offers real-time threat detection, automated remediation, and continuous behavior analysis. Unosecur's platform integrates seamlessly with major cloud providers, including AWS, Azure, and GCP, providing comprehensive identity visibility and management. The company aims to address the growing complexity of identity management by unifying various identity security functions into a cohesive system, thereby preventing account takeovers and privilege abuse. Unosecur has been adopted by 15 organizations, including a Fortune 500 company, and has received positive feedback for its agentless onboarding approach and effective identity threat detection capabilities.
- Sector: Information Technology
- Last known funding round: Seed Venture, $5M, April 2025
- Why timing suggests a near-term transaction: As of early 2026, Unosecur is roughly 9–12 months post–$5M Seed round (April 2025), placing it within the typical 12–18 month window when early-stage IT startups begin preparing for a Series A, strategic partnership, or bridge financing. At this stage, companies are often focused on proving product-market fit and scaling early customer adoption ahead of their next institutional raise.
View all private company data in Dakota Marketplace.
5. Neuranics
SpangleAI is an AI-powered e-commerce platform that delivers self-optimizing shopping experiences tailored to individual consumers. By leveraging its proprietary ProductGPT model, the company decodes context, consumer interactions, and merchant data to autonomously enhance revenue per visit at scale. SpangleAI serves retailers aiming to bridge the gap between marketing and e-commerce, providing contextually relevant, one-to-one interactions that adapt in real-time based on consumer engagement.
- Sector: Information Technology
- Last known funding round: Seed Venture, $8M, April 2025
- Why timing suggests a near-term transaction: As of early 2026, Neuranics is roughly 9–12 months post–$8M Seed round (April 2025), placing it within the typical 12–18 month window when early-stage IT companies begin positioning for a Series A, strategic minority investment, or bridge financing. At this stage, companies are often focused on translating early technical validation into commercial traction to support their next institutional raise.
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!
