1H 2025 Highlights
FUND II HIGHLIGHTS
ANthropic ReporteDLY RaisING $170bn FRESH ROUND
the company is IN TALKs to raise new Fresh capital at a valuation nearly 3x higher then previous Series E Round in March PRICED at $61.5bn
Anthropic's business continues to accelerate with ARR surging from $1.4B in Q1 2025 to ~$4B by June, fueled by strong enterprise demand for Claude's coding and reasoning capabilities. After successfully closing a $3.5B Series E funding round in March at a $61.5B valuation, the company has signed a new term sheet to raise $5B–$6B at a $170B pre-money valuation led by Iconiq Growth, cementing its position as one of the most valuable private AI companies globally.
Claude 4—including Opus and Sonnet—launched in mid-2025, setting the standard for hybrid reasoning and advanced AI tooling. Key enhancements significantly enhanced Claude's enterprise appeal, including Claude Research capabilities and Google Workspace integration allowing seamless access to Gmail, Calendar, and Google Docs with autonomous research.
Anthropic is rapidly expanding globally with a Tokyo office launch this fall, driven by adoption from Japanese Corporates Rakuten, NRI Group, and Panasonic.
7GC Tops UP Fund INVESTMENT IN NEW FLUIDStACK SAFE RoUND
FLUIDSTACK FOUNDING TEAM AT THE NVIDIA SUMMIT
Fluidstack delivered exceptional growth throughout 1H 2025, with revenue projections exceeding $320M for the full year representing 380% YoY growth.
The company secured transformative strategic partnerships that validate its position as a leading AI infrastructure provider, including with Google, Mistral AI, Dell Technologies, and NVIDIA, while establishing a strategic financing arrangement with Macquarie Group to support the supply of GPU infrastructure to European AI research labs.
Fluidstack maintained a strong presence at premier industry and government events, attending the NVIDIA Summit, 10 Downing Street meetings, Vivatech, and a dinner at the Élysée Palace with President Macron, reinforcing the company's strategic importance in European AI sovereignty initiatives.
Additionally, 7GC Fund II reinforced its conviction in the company by investing in a new SAFE round, including participation from its existing LPs via an SPV.
BEcause Market shows EXCEPTIONAL MOMENTUM in 1H2025
major retail milestone by launching across 2,700 stores with Walmart, CVS, and Target
Because Market delivered exceptional momentum throughout 1H 2025, reaching over 200,000 active customers and surpassing a $50M annual run rate while executing a successful multi-channel expansion strategy.
The company achieved a major retail milestone by launching across 2,700 stores with Walmart, CVS, and Target, with sales consistently beating forecasts and earning recognition as the #1 new brand launch nationally.
Poolside HIRES CIO AHEAD OF SERIES C LAUNCH
Poolside Hires NEW CIO - A strategic hire that strengthens their leadership team, particularly in light of Series C
Poolside has continued to demonstrate strong commercial momentum in 1H 2025. On the technical front, Poolside AI is scaling from research to product-led commercial traction, running one of the world's largest GPU clusters, delivering privacy-first foundational models fine-tuned on client code, and actively converting marquee POCs into deployments.
In a significant leadership move, the company has appointed Philip Drury as Chief Investment Officer after his 29-year tenure at Citigroup, where he most recently served as head of Global Technology, Media, Communications Banking. This strategic hire strengthens Poolside's executive team as they prepare for growth initiatives.
NEW INVESTMENT IN CYBERTECH SECURITY With DREAM
7GC WILL BE MAKING AN INVESTMENT IN SERIES B FOLLOW -ON ALONGSIDE BAIN CAPITAL
We're thrilled to announce that 7GC is participating in Dream's Series B follow-on alongside Bain Capital and other key strategics.
Dream is pioneering AI-powered cybersecurity for governments and critical infrastructure organizations worldwide. Founded by Shalev Hulio (former CEO of NSO Group), Gil Dolev, and Sebastian Kurz (former Chancellor of Austria), Dream has rapidly scaled to over $100 million in bookings within its first year of product launch, with customers including multiple sovereign nations and critical infrastructure providers.
The asymmetry in modern cybersecurity has reached a critical inflection point. Attackers now outnumber defenders by more than 50 to 1, while the average enterprise security team struggles with 76 different security tools. This fragmentation creates dangerous blind spots - security teams spend over half their time manually producing reports rather than actively defending against threats. Meanwhile, the explosive adoption of AI is introducing entirely new attack vectors that traditional security solutions were never designed to address.
Lucra EXPANDS AND SIGNs NEW STRATEGIC CONTRACTS
Lucra SIGNS NEW STRATEGIC PARTNERSHIPS WITH BACKYARD & GOT GAME
Lucra sustained strong commercial momentum throughout 1H 2025, adding ~$3M in new total contract value and bringing year-to-date TCV to ~$14M with 27 clients signed, including 15 new acquisitions.
Strategic partnerships expanded significantly with Play Social to digitally enhance the competitive experience at Play Playground Nashville through Lucra's proprietary gamification software, validating the company's B2B entertainment venue strategy alongside existing partners including Dave & Buster's, Five Iron Golf, and Puttshack.
Fund I highlights
Jio Platforms to raise more than $6 billion by listing just 5% of the company
Indian billionaire Ambani SAID TO EYE for IPO in 2026
Jio Platforms delivered exceptional momentum throughout 1H 2025, reporting revenue and EBITDA growth exceeding 18% YoY across all business verticals while maintaining robust financial health with EBITDA margins holding steady at 50% solidifying Jio's position as India's #1 wireline operator.
Strategic initiatives included announcing the Open Telecom AI Platform at Mobile World Congress 2025 with AMD, Cisco, and Nokia, positioning Jio at the forefront of AI-driven telecommunications infrastructure.
Jio Platforms Chairman Mukesh Ambani reportedly eyeing 2026 for the IPO to capitalize on continued subscriber base and revenue growth. The company has initiated early discussions with regulators while carefully evaluating market conditions for optimal timing.
Roofstock LAUNCHES SHORT-TERM RENTALS OFFERING
ROOFSTOCK DELIVERS STRONG OPERATIONAL IMPROVEMENTS THrough 1H 2025
Roofstock delivered strong operational improvements throughout 1H 2025 following successful Mynd merger integration. The company executed a disciplined cash management strategy, reducing burn by over 50% to mitigate runway risk for the foreseeable future.
In a major strategic expansion, Roofstock launched its short-term rental management division through investment in Casago as part of the investor consortium that took Vacasa private in May. The company will launch Casago franchises in three popular travel destinations: Charleston, Tampa/St. Petersburg, and Oregon Coast markets, extending its Rental Genome™ powered tools and Stessa asset management software to the short-term rental sector.
While transaction revenue remained soft due to cyclical real estate market headwinds, the strategic expansion into short-term rentals represents a significant diversification into the massive STR market.
PODCASTS, INSIGHTS & MARKET COMMENTARIES
7GC founder Jack was invited on Prashant Choubey's VC10X podcast. a podcast dedicated to top asset managers, limited partners and founders from accross the globe.
In this episode, Jack shares what makes our investment philosophy unique, our approach to evaluating opportunities, and how international expansion truly works. All that and more in this episode.
In OUr latest Research papeR, JAck EXAMINES From a structural point of view, what ingredients are necessary for a robust VC ecosystem and where Europe stands from a global point of view.
While all of those ingredients are present and have ramped dramatically within the last ten years, there is tremendous nuance to the European approach and what it means going forward.
Earlier in the year, Chinese AI company DeepSeek's news turned our markets upside down and made investors' heads spin (for a second).
Chris Walsh took pen to paper to address our thoughts, bringing the noise back to reality.
A NEW INVESTOR EXPERIENCE & FUND III on the HOrizon…
We are pleased to announce that 7GC is transitioning to Fundrbird, our new investor portal, to enhance INVESTORS experience accessing fund-related materials and reporting. With Fund II live, Fund I LPs will also soon benefit from this new interface in early Q4. We selected Fundrbird for its automation capabilities, security, and modern user experience.
Our team will be in Europe this September to ATTEND IPEM in Paris and visiting LPS ACCROSS EUROPe. Please let us know if you would like to arrange an in-person visit or call at your convenience. We look forward to Sharing A MORE DETAILED UPDATE on our portfolios and upcoming initiatives, ESPECIALLY as we expect Launching Fund III in 2026.
