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Term Sheet

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Fortune’s Term Sheet newsletter covers the latest news, insights, and analysis on private equity, venture capital, start-ups, mergers and acquisitions, high-value deals, and the dealmakers behind them. Subscribe to receive Term Sheet in your inbox every weekday morning. Sign up here.
Probook founders (from left to right) Ben Cervantez, George Eliadis and Lewis Zhang
Startups & Venture
Exclusive: A founder who went from pressure washing to Wharton just raised $40 million to put AI to work for plumbers, electricians, and HVAC crews
By Lily Mae LazarusJune 23, 2026
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
Newsletters
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
By Ben WeissJune 22, 2026
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
Newsletters
Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
By Allie GarfinkleJune 18, 2026
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
Newsletters
OpenAI’s balance sheet remains the most mysterious—and consequential—in business
By Allie GarfinkleJune 17, 2026
Alexandra Debrow flocked by her cofounders
AI
Exclusive: How college photo-sharing app Swsh became an AI-powered fan data business backed by Scooter Braun
By Lily Mae LazarusJune 16, 2026
The SpaceX IPO marks a lopsided win for venture
Newsletters
The SpaceX IPO marks a lopsided win for venture
By Allie GarfinkleJune 15, 2026
SpaceX headquarters outside
Startups & Venture
SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
By Lily Mae LazarusJune 12, 2026
A man in a suit jacket gestures with his hands.
AI
SpaceX is about to make history—and 80% of VCs won’t see a dime of it
By Amanda GerutJune 11, 2026
Geoffrey von Maltzahn and Kimberly Powell on stage at Fortune Brainstorm Tech
AI
AI drug discovery leaders warn U.S. health funding cuts risk falling behind global rivals
By Lily Mae LazarusJune 10, 2026
Exclusive: The startup that’s dressing up crypto for Wall Street raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
Newsletters
Exclusive: The startup that’s dressing up crypto for Wall Street raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
By Ben WeissJune 9, 2026
from left to right: Omer Gull, Yuval Itzchakov, and Yossi Torati
Cybersecurity
Why Lightspeed and Wiz’s Assaf Rappaport bet $37 million on an AI-powered cyberattacker
By Lily Mae LazarusJune 8, 2026
Trae Stephens touches his chin while speaking
Startups & Venture
Anduril’s Trae Stephens says defense tech is headed for a shakeout
By Lily Mae LazarusJune 5, 2026
Itai Ben-Zaken poses with his arms crossed while wearing a suit.
Startups & Venture
Exclusive: Investors bet $40 million on Honeycomb’s no-inspection landlord insurance AI
By Lily Mae LazarusJune 4, 2026
Jean-Denis Greze (left) with a company avatar, and Tony Vincent (right) with a company avatar.
Newsletters
Town’s AI assistants learn your life—Andreessen Horowitz and Forerunner just backed the vision with $55 million
By Lily Mae LazarusJune 3, 2026
dario
Newsletters
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast
By Allie GarfinkleJune 2, 2026
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Law
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