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Tender offer

ElevenLabs closes $300M employee tender at $22B valuation, double February's

  1. ElevenLabs closed a $300 million employee tender offer, announced September 30, 2026.
  2. The tender values the company at $22 billion, double the $11 billion valuation from February's $500 million Series D.
  3. Wellington and T. Rowe Price co-led the tender.

3 sources:ElevenLabs, TechCrunch +1

Read the signal: ElevenLabs closes $300M employee tender at $22B valuation, double February's
Tender offer

Fireworks AI announces $132M employee tender led by Atreides; $17.5B valuation reported

  1. Fireworks announced an employee tender offer on September 25, 2026, led by Atreides.
  2. The tender lets employees sell $132 million of Fireworks shares.
  3. A relayed report puts the valuation at $17.5 billion, in line with the July funding round.

2 sources:Lin Qiao (CEO) on X, Tiger Brokers (relaying The Information)

Read the signal: Fireworks AI announces $132M employee tender led by Atreides; $17.5B valuation reported
Secondary sale

Blackbird weighed moving its Canva stake into continuation funds, AFR reported

  1. Blackbird Ventures was considering moving its Canva stake into new continuation funds, the AFR reported on August 27, 2026.
  2. The stake is held across Blackbird's 2015 and 2018 follow-on funds, according to the report.
  3. The AFR said the move would let Blackbird offer its investors the opportunity to take profits in Canva.

Source:Australian Financial Review

Read the signal: Blackbird weighed moving its Canva stake into continuation funds, AFR reported
Secondary sale

Shaires Holdings invests $15M in ByteDance Series B Preferred at a $585B entry valuation

  1. $15 million for an indirect interest of about 0.003% in ByteDance
  2. Entry valuation of $585 billion, equal to $355.50 per share
  3. All-in valuation of about $620 billion with a 6% upfront fee; cash outlay of about $15.9 million

2 sources:Shaires Holdings Ltd (RNS via FT.com), Investing.com

Read the signal: Shaires Holdings invests $15M in ByteDance Series B Preferred at a $585B entry valuation
Secondary sale

WSJ: Situational Awareness agreed to sell $3.5B of Anthropic stock, then backed out

  1. Situational Awareness reached a deal late Wednesday to sell $3.5 billion of its Anthropic stake, the WSJ reported.
  2. The buyer was a consortium of investors led by Greenoaks and Sequoia Capital.
  3. The fund backed out by Thursday morning after an apparent change of heart, per people familiar with the matter.

Source:The Wall Street Journal

Read the signal: WSJ: Situational Awareness agreed to sell $3.5B of Anthropic stock, then backed out
Tender offer

Revolut starts employee share sale at $2,017 per share, valuing it at $115B

  1. Revolut's secondary share sale priced shares at $2,017, valuing the company at $115 billion.
  2. A Revolut spokesperson confirmed to Reuters that the sale was underway and declined to discuss details.
  3. CoinDesk reported that employees and other existing shareholders were selling and Revolut was raising no new capital.

3 sources:Bloomberg, Euronext Live +1

Read the signal: Revolut starts employee share sale at $2,017 per share, valuing it at $115B