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newnex.io
Series A · €8M Round

NovaPay

Enterprise SaaS · Berlin, Germany

50% committed

Basic info ✓Financials ✓DocumentsAllow forward ✓

The Network Layer
for Venture Capital

Where institutional investors connect for syndication, co-investment, and follow-on opportunities.

DATA & RESEARCHWho invests, where, and why
DEAL STRUCTURINGSPVs, fund admin, legal setup
NETWORK LAYERNEWNEX
EXECUTIONClosing, compliance, reporting

Data platforms tell you who invests. Legal and admin tools help you structure deals. Newnex is where you actually find the right co-investor and make the introduction - the layer that was missing.

Italian Cybersecurity Startup Cleafy Raises €12 Million Series B to Strengthen Fraud Prevention for Banks
Italian cybersecurity company Cleafy has secured €12 million in a Series B funding round to accelerate the development of its predictive cybersecurity technology designed to protect financial institutions from sophisticated fraud and cyberattacks. The round was co-led by United Ventures and eCAPITAL, bringing the company’s total funding to approximately €22 million.Cleafy focuses on protecting digital banking systems by detecting and preventing fraud before financial damage occurs. Unlike traditional security systems that respond after an attack has happened, Cleafy’s technology reconstructs the entire lifecycle of a cyberattack identifying attacker infrastructure, patterns, and intent before fraud takes place.Founded in 2014 by Matteo Bogana, Nicolò Pastore, and Carmine Giangregorio, the company provides advanced fraud-prevention solutions for banks and financial institutions. Its platform analyzes telemetry across web, mobile, backend, and network channels, enabling organizations to detect threats early and stop attacks before they spread through financial systems.Today, Cleafy serves more than 150 financial institutions across Europe and Latin America, protecting over 250 million end users from cyber-fraud and digital banking attacks. Major clients include organizations such as ING, BCC Iccrea Group, Illimity Bank, and BPS (Suisse).The newly raised capital will be used to enhance Cleafy’s predictive security capabilities, expand its global threat-intelligence infrastructure, and scale operations across key banking markets in Europe and Latin America.The investment comes at a time when stricter European regulations including DORA (Digital Operational Resilience Act) and NIS2 cybersecurity requirements are pushing financial institutions to strengthen digital resilience and fraud-prevention systems.
Team S · 5 hours ago
SkySelect Raises $9 Million to Transform Aircraft Parts Procurement with AI
AI-driven aviation procurement platform SkySelect has secured $9 million in a new funding round aimed at expanding its technology that helps airlines and maintenance providers streamline aircraft-parts sourcing. The round was co-led by Verb Ventures and RockCreek, with additional participation from SmartCap Green Fund, Bain Capital Ventures, and Lux Capital.SkySelect develops specialized AI software designed to modernize how airlines and maintenance, repair, and overhaul (MRO) organizations procure aircraft components. Aviation supply chains often rely on fragmented manual systems, leading to delays, excess inventory, and operational inefficiencies.The company’s platform uses AI algorithms to match aircraft-part requests with optimal suppliers across a global network of vendors, allowing airlines to source components faster while maintaining better price visibility and supply reliability.Airlines collectively hold around $50 billion worth of excess aircraft-parts inventory, while aircraft-on-ground (AOG) incidents caused by missing components cost the industry roughly $30 billion annually. By enabling more efficient procurement and inventory optimization, SkySelect aims to reduce these operational bottlenecks and improve supply-chain resilience.Since its launch, the company has processed more than $6 billion in aviation-parts transactions, including about $1.3 billion in 2025 alone, highlighting growing adoption among global airlines. Recent customers include JetBlue, Sun Country Airlines, Air Transport Services Group, Widerøe, and Vueling.The newly raised capital will be used to enhance SkySelect’s AI sourcing and procurement optimization tools, while also supporting hiring across product development, data science, and customer success teams.
Team S · 5 hours ago
Indian Spacetech Startup GalaxEye Secures ₹44 Cr in Ongoing Series A Funding Round
Indian spacetech startup GalaxEye has raised ₹44.2 crore (around $4.8 million) as part of its ongoing Series A funding round, attracting investments from multiple venture funds and angel investors.The funding round saw participation from investors including Speciale Invest, Mela Venture, Rainmatter, Mounttech Growth Fund, Grand Anicut Angel Fund, Navam Venture Fund, Faad Capital, LV Angel Fund, and Eraya Capital, along with several individual backers.Among the institutional investors, Mela Venture contributed around ₹12 crore, Rainmatter invested approximately ₹13.5 crore, while Mounttech Growth Fund committed about ₹18 crore. Additionally, Speciale Invest invested close to ₹8 crore, highlighting continued support from existing investors as the company scales its space-technology capabilities.The funding was approved through the issuance of 2,424 Series B1 compulsorily convertible preference shares (CCPS) with a face value of ₹10 and a premium of about ₹1.82 lakh per share, according to regulatory filings.Founded in 2021 by Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt, GalaxEye is developing advanced multi-sensor Earth observation satellites capable of delivering high-resolution geospatial intelligence. The startup aims to combine different sensing technologies to enable all-weather and day-night satellite imaging, serving industries such as defence, agriculture, disaster management, and infrastructure monitoring.The company claims it is building the world’s first multi-sensor Earth observation satellite, designed to integrate multiple imaging technologies into a single platform for more accurate and reliable data.The investment comes as India’s spacetech ecosystem continues to gain momentum, with increasing private participation and investor interest in satellite technology and space-based data services.
Team S · 6 hours ago
BackOps Secures $26 Million Series A to Build AI-Driven Operating System for Global Supply Chains
Supply-chain automation startup BackOps has raised $26 million in a Series A funding round to expand its AI-powered logistics operations platform. The round was led by Theory Ventures, with participation from Gradient, Construct Capital, and 10VC.The new capital will help the company scale its engineering and product teams while accelerating development of its AI-native supply chain operating system, designed to automate logistics workflows and reduce manual operational tasks across global delivery networks.BackOps is developing what it describes as the first AI-native operating system for supply chain operations, enabling companies to automate complex workflows across carriers, warehouses, vendors, and customer-service systems. Supply chains typically involve 40–60 interconnected processes, many of which still rely heavily on manual coordination and fragmented software tools.The platform converts communications such as emails, service tickets, and operational messages into automated workflows, allowing logistics teams to detect issues earlier and resolve them automatically. Its automation engine, called Relay, can perform tasks like filing carrier claims, initiating reshipments, responding to customer inquiries, and collecting documentation.Companies using BackOps report significant efficiency improvements. According to the company, the platform can reduce logistics team workloads by up to 60% and improve response times to customer inquiries by as much as 93%, while automatically filing 100% of eligible carrier claims.With the new funding, BackOps plans to expand its product capabilities and grow its workforce as demand rises for AI-powered logistics automation across industries including retail, manufacturing, grocery, and pharmaceuticals.
Team S · 6 hours ago
BuzzFeed’s Crisis Shows How Fast the Internet Changes
One of the most recognizable digital media brands of the last decade is now facing a harsh reality. BuzzFeed has warned that there is “substantial doubt” about its ability to continue operating as a business.For a company that once defined the viral internet - quizzes, listicles, and shareable content - this moment marks a dramatic shift.BuzzFeed’s latest financial disclosures show the company struggling with liquidity and exploring strategic options to survive. Despite reducing debt significantly and cutting costs over the past few years, the company still faces financial pressure and legacy commitments that continue to weigh on its balance sheet.The numbers highlight the challenge. BuzzFeed reported a net loss of more than $57 million in 2025, and management acknowledged that the company may not have enough resources to cover obligations over the next 12 months.This decline has been building for years.BuzzFeed went public in 2021 through a SPAC deal valued at around $1.5 billion, but the digital media landscape has changed dramatically since then. Advertising budgets have increasingly shifted toward platforms like TikTok, YouTube, and Instagram - leaving many traditional digital publishers struggling to maintain revenue.In response, BuzzFeed has tried multiple strategies to stay afloat:Closing BuzzFeed News, its Pulitzer-winning newsroomSelling Complex Networks in 2024Multiple rounds of layoffs and cost reductionsPivoting toward AI tools and new digital productsCEO Jonah Peretti believes the company’s individual brands - including HuffPost and Tasty - still hold significant value that the market is not recognizing. The company is now exploring strategic options to unlock that value and stabilize its future.What’s happening with BuzzFeed is not just about one company. It reflects a deeper transformation of the internet economy.The era when viral websites dominated online attention is fading. Today, distribution power sits with platforms and algorithms, not publishers. Content travels through feeds controlled by social networks rather than through direct visits to media websites.BuzzFeed helped define the internet culture of the 2010s. Now it is confronting the reality of the internet in the 2020s.
Team S · 12 hours ago
Cybersecurity Startup Bold Security Raises $28 Million Series A to Build AI-Powered Endpoint Protection
Israeli cybersecurity startup Bold Security has secured $28 million in a Series A funding round to advance its AI-driven endpoint security platform. The round included participation from Bessemer Venture Partners, Picture Capital, and Red Dot Capital Partners, reinforcing investor confidence in the company’s approach to protecting organizations in the age of AI-powered workflows.The latest funding brings Bold Security’s total capital raised to about $40 million, including a $12 million seed round in 2024 that was led by Bessemer Venture Partners and Picture Capital, with additional backing from Cerca and several angel investors.Founded in 2024 by Nati Hazut, Hadar Krasner, and Omri Mallis, the company develops technology that turns enterprise computers into active AI-powered security agents capable of performing real-time risk analysis directly on the device. Instead of relying solely on cloud-based monitoring, Bold’s platform runs AI models locally on endpoints, allowing faster threat detection and response.Traditional endpoint security tools often depend heavily on cloud analysis, which can delay detection and increase infrastructure costs. Bold’s architecture processes activity directly on the device, enabling systems to understand user behavior, AI-tool interactions, and potential threats as they occur. This approach allows organizations to respond immediately to suspicious actions while also maintaining greater privacy and operational efficiency.By transforming endpoints into autonomous AI security layers, the platform aims to address the growing risks created by the widespread use of generative AI tools and decentralized workflows inside enterprises.Following the funding, the company plans to expand its engineering team and scale operations, with expectations to double its workforce by the end of 2026 as demand for advanced cybersecurity solutions continues to rise.
Team S · a day ago

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