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. Marit Health
Marit Health is a platform and community dedicated to empowering clinicians in their careers by providing anonymous, community-powered salary sharing for physicians and advanced practice providers (APPs). Founded by Dr. Rob Anderson, an anesthesiologist with over 20 years of experience, the company aims to enhance salary transparency in the medical field. The platform offers comprehensive, accurate, and current salary data, enabling clinicians to make informed decisions and advocate for fair compensation. Marit Health is headquartered in Richmond, Virginia, and operates with a mission to build the largest, most accurate, community-powered source of salary data in medicine, making it free for all clinicians.
- Sector: Health Care
- Industry: Health Care Technology
- Last known transaction date: Seed, $3.2M announced March 2025
- Major sponsors/backers: Define Ventures, Jay Desai, Raj Aggarwal, MD, Anthony Bertrand, MD, Aasim Saeed, MD-MPA, Rich Barton, Tim Besse, Jay Desai, Aneesh Chopra, Nikhil Krishnan
- Why timing suggests a near-term transaction: Marit Health raised a $3.2M Seed round in March 2025, placing it roughly 12 months into the typical ~12–18 month Seed → Series A funding cycle. For healthcare technology companies, this is often when teams seek follow-on capital or strategic investment as product validation, pilots, and early customer adoption begin to take shape.
View all private company data in Dakota Marketplace.
2. Sohar Health
Sohar Health is a healthcare technology company specializing in cloud-based insurance verification and utilization reporting solutions. Their platform connects digital health providers and payers, offering tools to automate manual processes, manage eligibility files securely, and provide utilization analytics and reporting. This enables digital health providers to scale operations and increase revenue.
- Sector: Health Care
- Industry: Health Care Technology
- Last known transaction date: Seed, $3.8M announced March 2025
- Major sponsors/backers: Kindred Capital, Y Combinator, Rebel Fund, Concept Ventures
- Why timing suggests a near-term transaction: Sohar Health raised a $3.8M Seed round in March 2025, placing it roughly 12 months into the typical ~12–18 month Seed → Series A funding window. For healthcare technology companies, this timing often aligns with pursuing a Series A or strategic capital as early product validation and customer traction begin to materialize.
View all private company data in Dakota Marketplace.
3. ControlTheory
ControlTheory offers an observability control platform designed to help organizations manage and optimize their observability processes. The platform emphasizes "controllability," enabling businesses to actively shape and optimize their telemetry data rather than merely collecting it. Key features include cost control through intelligent filtering and open standards, operational control by enhancing root cause analysis, and adaptive control via dynamic feedback loops that adjust telemetry in real time.
- Sector: Industrials
- Industry: Materials
- Last known funding round: Seed, $5M announced in April 2025
- Major sponsors/backers: Led by Silverton Partners
- Why timing suggests a near-term transaction: ControlTheory raised a $5M Seed round in April 2025, putting it roughly 10–12 months into the typical ~12–18 month Seed → Series A funding cycle. For materials-focused industrial startups, this is often when companies pursue follow-on capital or strategic investment as technical validation and early commercial use cases advance.
View all private company data in Dakota Marketplace.
4. Sturdy
Sturdy is an AI-driven autonomous Customer Intelligence platform that proactively identifies churn risks across all customer-facing silos. By analyzing unstructured customer interactions—such as emails, calls, support tickets, and chats—Sturdy uncovers revenue threats, pinpoints root causes, and delivers cross-functional insights in real time. This approach enables businesses to transform customer conversations into strategic advantages, enhancing retention and satisfaction.
- Sector: Information Technology
- Industry: Software
- Last known funding round: Seed, $6M announced April 2025
- Major sponsors/backers: Led by Voyager Capital, with participation from Fortson VC and Grotech Ventures
- Why timing suggests a near-term transaction: Sturdy raised a $6M Seed round in April 2025, placing it roughly 10–12 months into the typical ~12–18 month Seed → Series A funding cycle. For software companies, this is often when teams pursue follow-on capital or strategic investment as product adoption and early revenue signals begin to emerge.
View all private company data in Dakota Marketplace.
5. Evident Battery
EVident Battery specializes in automated, non-destructive inspection solutions for electric vehicle (EV) battery packs. Their technology integrates proprietary hardware with artificial intelligence (AI) to assess battery pack conditions by analyzing mechanical vibrations, enabling manufacturers, insurance companies, dealerships, and service providers to detect faults early, reduce costs, and enhance EV safety.
- Sector: Health Care
- Industry: Health Care Technology
- Last known funding round: Seed, $3.2M announced in April 2025
- Major sponsors/backers: Led by Ibex Investors with participation from Nationwide Ventures, Automotive Ventures, Avesta Fund, and notable angels in the EV space
- Why timing suggests a near-term transaction: Evident Battery raised a $3.2M Seed round in April 2025, placing it roughly 10–12 months into the typical ~12–18 month Seed → Series A funding cycle. For healthcare technology companies, this is often when follow-on capital or strategic investment is explored as early product validation and clinical or commercial traction begin to form.
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!
