The Daily Dealflow

Nvidia and AMD Bet Together

Hi, and welcome to a new edition of The Daily Dealflow — the 5-minute briefing that gives you clear context on capital flows and market-moving trends across the Americas, from Silicon Valley to Buenos Aires. Let's dive in.

🏆 Deal of the Day

River AI came out of stealth with $1.1B led by General Catalyst and AMP PBC, with strategic checks from Nvidia and AMD Ventures alongside Y Combinator and Singapore's Temasek — announced roughly two months after the Palo Alto company launched, according to The Investor Society.

Why This? It puts a price on open-weight AI infrastructure at the exact moment Washington is deciding whether downloadable models are a strategic asset or a security problem — the same question driving sovereignty debates from Ottawa to São Paulo.

Positive Context

River's first product is an API for training open-weight models from 35B to 1T parameters, billed per token rather than by reserved GPU capacity; training on Qwen3.6 35B is priced at $1.00 per million tokens.
Nvidia and AMD both showing up is coherent with their economics: chipmakers gain when training and inference spread across many customers instead of concentrating in a few closed labs.

Yes, but

The round prices a founding team and a thesis. The company launched June 10 and disclosed no revenue, no customers and no valuation.
The models the API is built to train — Qwen, Kimi, GLM — come from Chinese labs, precisely the category US policymakers are weighing restricting.

Zoom in: Temasek's participation gives Singapore's state investor a position in an American company whose product depends on weights developed largely in China.

The comment: "AI should be open, freely available, and affordable." — Igor Babuschkin, founder of River AI, in The Investor Society.

💰 Venture Capital

Databricks (US) – $5B, strategic round at a $190B valuation, data and AI platform for enterprise analytics and model development – FinSMEs.

Yuno (Colombia) – $45M, Series B led by Global PayTech Ventures with a16z, Tiger Global, Kaszek and Monashees, payment orchestration layer that routes transactions across multiple processors – LatamList.

Princeton Critical Minerals (US) – $16M, Series A plus grant funding, clean-tech process for accelerating domestic lithium production – FinSMEs.

Ume (Brazil) – $96M, FIDC receivables-fund raise with Itaú, Bradesco, Augme, Milenio, Verde and Credit Saison, consumer credit fintech – LatamList.

Khartis Therapeutics (US) – $50M, Series B, San Diego biotech platform developing new therapies – FinSMEs.

As the global brewing industry is struggling to grow, alcohol-free beer has become one of the bright spots in a troubled sector. And while buzz-free beer still accounts for just over 6 percent of global beer revenues, it has outgrown the alcoholic beer segment by a wide margin for the better part of the past decade, delivering growth of between 6 and 17 percent annually over the course of the past five years. Having long been neglected by the industry, non-alcoholic beer is now viewed as an opportunity by brewers, which are continuously extending their selection of low and no-alcohol choices in response to growing customer demand. “Consumers are increasingly looking for healthy hydration and a tasty, adult refreshment with lower or no-alcohol content to enjoy on any occasion,” the world’s second-largest brewing group Heineken recently noted in its annual report. “As this global consumer trend for health and wellness continues, we see a great future for low-calorie and non-alcoholic beer,” the report concludes. As the following chart based on data from Statist Market Insights shows, the non-alcoholic beer segment is poised for strong growth in the years ahead. Following a small setback in 2020 due to Covid-related lockdowns and lifestyle changes, which hit the out-of-home segment particularly hard, the industry is back on track and expected to see solid growth this year and in the years ahead. By 2030, Statista expects global sales of non-alcoholic beer to reach $49 billion, almost double the 2021 figure.

🏛️ Private Equity

Accelerant (US) – $4B+, all-cash take-private buyout by Thoma Bravo at $20.25 per share, a 49% premium to the prior close; the company runs a data-driven risk exchange connecting specialty insurance underwriters with risk capital. Altamont Capital, holding ~82% of voting rights, has agreed to support the deal and will roll equity – Thoma Bravo.

Galgo (Chile) – undisclosed, strategic minority investment from Uber tied to a partnership to expand motorcycle financing across Latin America – LatamList.

Astara Capital Partners acquired Dynatec Systems, a Burlington, N.J.-based provider of membrane-based industrial wastewater treatment services.

Orange EV (US) – $100M credit facility, zero-emission terminal trucks and fleet charging infrastructure; debt rather than equity to fund the next production step – FinSMEs.

Patria Investments (Brazil) – $59B AUM manager testing retail distribution of LatAm corporate credit through a UCITS fund built with Avenue, Itaú's offshore platform, with a $5,000 minimum; the stated goal is to reach $150B in assets under management – Bloomberg Línea.

CardVault by Tom Brady (US) – undisclosed, funding round for a retail and live-streaming trading-card platform moving from single-store operator to multi-channel format – FinSMEs.

📈 Public & Capital Markets

Opening Market Figures, Fri 14 Aug, 2026.

Reddit (US) – index event, shares jumped more than 10% after the announcement of its inclusion in the S&P 500 – Bloomberg Línea.

Globant (Argentina) – Q2 earnings, revenue of $614.4M roughly flat year over year and FY2026 guidance cut to $2.43B–$2.46B; shares fell double digits after hours, headcount down 8.9% in twelve months as the company pushes clients toward output-based "AI Pods" – La Nación.

S&P 500 (US) – record territory, equities advanced after softer producer-price data reinforced expectations that the Fed holds rates in September – Bloomberg Línea.

📅 ICYMI

On this day in 2006, Dell recalled 4.1 million Sony-made laptop batteries over fire risk — at the time the largest computer-related recall the US Consumer Product Safety Commission had ever handled, and a reminder that supply-chain risk sits inside the component, not the brand – InformationWeek.

Research on retail trading found that young men who trade daily report higher feelings of demoralization and failure, with the pattern closely resembling what shows up among frequent gamblers – Bloomberg Línea.

Core Scientific (Nasdaq: CORZ), an Austin, Texas-based blockchain infrastructure and software company, completed its previously announced $444m acquisition of cryptocurrency mining company Polaris DS from Altair Capital.

Instagram changed its logo for the first time in a decade, and the reception online was mixed — a small case study in how much accumulated user habit a brand refresh has to overcome – Bloomberg Línea.

See you on monday,

Jose Kont
The human behind The Investor Society.

Submit a deal for The Daily Dealflow newsletter via DM here on LinkedIn.