Data sourced from Dakota Marketplace, the global LP and GP intelligence platform trusted by thousands of investment professionals. Learn More | Book a Demo
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. Apolink
Apolink is a privately held company founded in 2024, headquartered in Palo Alto, California. The company specializes in building and operating multipurpose satellite relay constellations to provide continuous connectivity in low Earth orbit (LEO). Their mission is to eliminate communication dead zones for satellites, ensuring seamless, 24/7 communication capabilities. Apolink's primary product is a constellation of 32 satellites utilizing a hybrid radio and optical system, designed to work with existing satellite hardware, offering nearly 99% uptime and low latency. The company is led by CEO Onkar Singh Batra, who founded Apolink at the age of 19.
- Sector: Industrials
- Last known transaction date: Seed Venture, $4.3M, July 2025
- Why timing suggests a near-term transaction: A $4.3M seed round in July 2025 provides a lean 12–15 month runway for an industrials company, where hardware development, enterprise sales cycles, and customer validation costs drive elevated burn relative to software peers — suggesting Apolink is very likely already in active fundraising conversations for a Series A and could be seeking to close a round by mid-to-late 2026 before runway constraints become critical.
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2. Tomoverse Imaging Inc.
Tomoverse Imaging Inc. is a medical software company specializing in advanced cardiac CT imaging solutions for structural heart and coronary treatments. Founded in 2022 by Dr. Nicolo Piazza and Dr. Pascal Thériault-Lauzier, the company is headquartered in Dollard-des-Ormeaux, Quebec, Canada. Their flagship product, the tvCT platform, offers enhanced imaging capabilities to assist healthcare professionals in diagnosing and treating cardiovascular conditions.
- Sector: Information Technology
- Last known transaction date: Seed Venture, $5M, July 2025
- Why timing suggests a near-term transaction: A $5M seed round in July 2025 provides a lean 12–15 month runway for an imaging technology IT company, where engineering talent, product development, and early customer validation costs drive steady burn — suggesting Tomoverse is very likely already in active fundraising conversations for a Series A and could be seeking to close a round by mid-to-late 2026 before runway constraints become critical.
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3. Bastazo
Bastazo is a cybersecurity company specializing in operational technology (OT) security for critical infrastructure sectors such as oil & gas, electric utilities, and manufacturing. Their AI-driven platform automates vulnerability identification, prioritizes critical risks, and provides actionable remediation playbooks, enabling organizations to enhance security while meeting compliance standards.
- Sector: Information Technology
- Last known funding round: Seed Venture, Undisclosed, July 2025
- Why timing suggests a near-term transaction: An undisclosed seed round in July 2025 for an information technology typically implies a raise in the $1–5M range, providing a lean 12–15 month runway given brand building, product development, and customer acquisition costs — suggesting Bastazo is very likely already in active fundraising conversations for a Series A and could be seeking to close a round by mid-to-late 2026 before runway constraints become critical.
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4. FlyGuys
FlyGuys is a nationwide provider of drone services, offering aerial imaging, surveying, mapping, inspections, and consulting to various industries, including agriculture, construction, energy, and emergency response. Their services enhance job site safety, minimize costs, and increase efficiency by delivering accurate and comprehensive data through advanced drone technology.
- Sector: Information Technology
- Last known funding round: Series A-1 Venture, $13M, July 2025
- Why timing suggests a near-term transaction: A $13M Series A-1 in July 2025, following strategic backing from O'Leary Ventures' Wonder Fund, provides roughly 18–24 months of runway for a drone data/IT company, where global expansion, AI infrastructure buildout, and enterprise sales cycles drive elevated burn — placing FlyGuys in the active fundraising window for a Series B by late 2027 as it looks to demonstrate international traction, platform adoption, and the AI-data monetization metrics that growth-stage investors require.
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5. Zip Security
Zip Security is a cybersecurity and compliance platform designed to automate and simplify security and IT operations for small and mid-sized enterprises. By integrating key security tools and automating complex processes, Zip enables businesses to manage their security posture efficiently, even without dedicated security teams.
- Sector: Information Technology
- Last known funding round: Series A Venture, 13.54M, July 2025
- Why timing suggests a near-term transaction: A $13.54M Series A in July 2025 provides roughly 18 months of runway for a cybersecurity company, where engineering talent, security infrastructure development, and enterprise customer acquisition drive steady burn — placing Zip Security in the active fundraising window for a Series B by late 2026 to early 2027 as it looks to demonstrate enterprise customer growth, platform adoption, and the recurring revenue metrics that growth-stage cybersecurity investors require.
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!
