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Top 10 Companies Likely to Transact (October 19 - 23)

Written by Cate Costin, Marketing Manager | Oct 23, 2026, 4:00:00 PM

Data sourced from Dakota Private Markets, the private fund performance platform powered by Dakota. Learn More | Request Access

Tracking when private companies are nearing a sale, recap, or financing event has always been a guessing game. With thousands of sponsor-backed firms spread across sectors and geographies, most deal teams are forced to react after the market moves.

Investors, bankers, and service providers struggle to know which private companies are gearing up for a transaction or capital raise. Signals are scattered, opaque, and nearly impossible to track across thousands of PE- and VC-backed businesses.

Dakota Private Markets centralizes those signals (holding periods, funding rounds, platform acquisition dates, ownership changes, and exit timing patterns) into one predictive transaction-readiness tool. Instead of waiting for headlines, users can see which companies are showing the strongest likelihood of pursuing a sale, recapitalization, or new financing before the market knows.

Below is our weekly roundup of ten PE- or VC-backed companies that, based on their hold period, financing stage, and last transaction date, appear to be credible candidates for a sale or next-round raise.

Nothing is guaranteed, but these companies fall squarely within the timing windows where sponsors typically look to generate liquidity or secure additional capital.

Top 10 Companies Likely to Transact (October 19 - 23)

1. WellTheory Technologies

WellTheory Technologies is a health and wellness company specializing in personalized, evidence-based care for individuals with autoimmune conditions. By offering tailored nutrition and lifestyle coaching, they aim to reduce symptoms such as fatigue, brain fog, and digestive issues, empowering patients to manage their health effectively.

  • Sector: Health Care
  • Last known transaction date: Series A Venture, $14M, October 2025
  • Why timing suggests a near-term transaction: The $14M Series A should fund roughly 18-24 months of runway, consistent with health care services/digital health burn rates as the company scales clinical operations and patient acquisition. A Series B raise is likely in the late 2026 to mid-2027 window, contingent on patient growth and payer traction.

2. Ascribe

Ascribe Bioscience Inc. is a biotechnology company founded in 2017 and headquartered in Ithaca, New York. The company specializes in developing products that enable farmers to combat crop pathogens without negative impacts on the environment. Their primary product is a seed treatment designed to boost crops' natural defenses. The leadership team includes CEO and co-founder Jay Farmer and founder and CTO Murli Manohar. Ascribe Bioscience's mission is to provide sustainable agricultural solutions that enhance crop health and yield.

  • Sector: Consumer Staples
  • Last known transaction date: Series A Venture, $12M, October 2025
  • Why timing suggests a near-term transaction: This $12M Series A likely provides 18-24 months of runway under consumer staples burn rates focused on production scale-up and distribution. A Series B is plausible in the late 2026 to mid-2027 window, tied to sales growth and unit economics.

3. Airoclip

Airoclip is a company specializing in providing innovative solutions in the field of aerial data collection and analysis. Founded in 2015, the company has developed a fully automated drone system designed to collect aerial data and provide valuable insights across various industries. Airoclip's mission is to revolutionize the way aerial data is captured and utilized, offering efficient and scalable solutions for businesses and organizations. The company's core focus is on delivering end-to-end, fully automatic solutions for collecting aerial data, enabling clients to gain invaluable insights without the need for manual intervention. Airoclip's product offerings include a pilotless drone solution that operates autonomously, capturing high-resolution aerial imagery and processing it to generate actionable data. The company serves a diverse range of industries, including agriculture, infrastructure, and environmental monitoring, providing tailored solutions to meet the specific needs of each sector.

  • Sector: Communications Services
  • Last known funding round: Seed Venture, $2.75M, October 2025
  • Why timing suggests a near-term transaction: The $2.75M seed round is on the smaller side, likely covering 12-18 months of runway under communication services/software burn rates, suggesting a lean early build-out. A Series A is plausible in the late 2026 to early 2027 window, contingent on early user traction.

4. Telcoin

Telcoin is a global company founded in 2017 that leverages blockchain technology to provide access to low-cost, high-quality decentralized financial products for mobile phone users worldwide. The company is headquartered in Singapore and operates in various countries, including India, Argentina, Senegal, the United States, and Australia. Telcoin's mission is to revolutionize global finance by integrating blockchain technology, digital banking, and telecommunications. The company partners with mobile network operators and mobile money platforms globally to bring fast and affordable decentralized finance (DeFi) products to international communities. Telcoin offers a range of services, including digital remittances to mobile money platforms and e-wallets, a self-custodial DeFi wallet on Polygon, and TELx, a decentralized liquidity engine that enables users to earn fees from global exchange activity. The upcoming Telcoin Network is an open Ethereum sidechain run, validated, and secured by mobile network operators. The leadership team includes CEO Paul Neuner, CFO Richard Castaldo, and EVP of Commercial Jeff Quigley. Telcoin is licensed as a Major Payment Institution in Singapore and has subsidiaries registered as money services businesses in the United States, Canada, and Australia. The company notably supported the Nebraska Financial Innovation Act to create digital asset depository institutions for state-chartered banks, which was signed into law in May 2021.

  • Sector: Financials
  • Last known funding round: Seed Venture, $25M, October 2025
  • Why timing suggests a near-term transaction: This unusually large $25M seed round should fund 30+ months of runway, well beyond typical seed-stage financials/fintech burn, suggesting an aggressive scale-up and regulatory build-out. A Series A is likely to follow in the 2028 window, tied to growth and compliance milestones.

5. Trove AI

Trove AI is a technology company specializing in artificial intelligence solutions tailored for private equity firms. The company offers AI-driven tools that enhance research, analysis, and drafting processes by integrating with a firm's existing data. Their platform addresses challenges such as information retrieval, deal sourcing, and portfolio monitoring, aiming to streamline workflows and improve decision-making efficiency for private equity professionals.

  • Sector: Information Technology
  • Last known funding round: Seed Venture, $7.1M, October 2025
  • Why timing suggests a near-term transaction: The $7.1M seed round likely provides 12-18 months of runway under software-driven IT burn rates. A Series A raise is plausible in the late 2026 to early 2027 window, contingent on product-market fit signals.

6. Gevi Wind

GEVI Wind is an Italian startup specializing in the design and development of intelligent vertical-axis wind turbines. Utilizing flexible hardware and AI-driven software, their turbines adapt to various wind conditions and installation sites, aiming to maximize energy production and extend operational lifespans.

  • Sector: Utilities
  • Last known funding round: Seed Venture, $3.13M, October 2025
  • Why timing suggests a near-term transaction: This $3.13M seed round is modest for the utilities sector, likely covering 12-18 months of runway despite typically capital-intensive sector norms, suggesting a narrow scope or early development focus. A Series A is plausible in the late 2026 to early 2027 window, pending pilot or project development progress.

7. CybaVerse

CybaVerse is a UK-based cyber security company founded in 2018 by Oliver Spence and Gemma Blake. Initially established as a boutique consultancy, the company has evolved into a managed security services provider (MSSP) and developed its own cyber security management platform, CybaVerse AI. The platform offers a comprehensive suite of tools designed to simplify and enhance cyber security for small and medium-sized enterprises (SMEs) and managed service providers (MSPs). Key products and services include Managed Detection and Response (MDR), penetration testing, incident response, security assessments, and compliance support such as Cyber Essentials and Cyber Essentials Plus certifications. The company's mission is to make cyber security more accessible and efficient for SMEs and MSPs, enabling them to manage their security needs through a unified, user-friendly platform. CybaVerse is headquartered in London, UK, with additional offices in Portsmouth, Hampshire. Recent developments include the launch of CybaVerse AI for MSPs in January 2025, which allows MSPs to offer white-labelled cyber security services to their clients, and the acquisition of SecureAck in October 2025 to further enhance their platform's capabilities.

  • Sector: Information Technology
  • Last known funding round: Series A Venture, $6.7M, October 2025
  • Why timing suggests a near-term transaction: The $6.7M Series A is on the lean side for the stage, likely providing 12-18 months of runway under software/cybersecurity-driven IT burn rates. A Series B is probable in the late 2026 to early 2027 window, tied to enterprise traction and revenue growth.

8. The Beans, Inc.

The Beans, Inc. is a San Francisco-based fintech startup founded in 2017 by Melissa Pancoast. The company offers a software application platform that creates personalized cash flow plans designed to simplify financial management for individuals, particularly those in the 'caring class'—professions such as teachers, nurses, and social workers. Their platform provides visual financial planning, automated cash flow plans, and ongoing support to help users manage their finances effectively.

  • Sector: Health Care
  • Last known funding round: Seed Venture, $5.4M, October 2025
  • Why timing suggests a near-term transaction: This $5.4M seed round should fund roughly 18-24 months of runway consistent with health care-sector capital intensity. A Series A is likely in the early to mid-2027 window, tied to early clinical or commercial validation.

9. Delta Green

Delta Green is a Czech energy technology company specializing in unlocking residential energy flexibility for electricity suppliers. By aggregating household assets into controllable blocks, they enable suppliers to tap into new revenue streams, enhance customer value, and support grid balancing, thereby facilitating the integration of renewable energy sources.

  • Sector: Information Technology
  • Last known funding round: Seed Venture, $2.33M, October 2025
  • Why timing suggests a near-term transaction: The $2.33M seed round is on the smaller side, likely covering 12-18 months of runway under software-driven IT burn rates. A Series A raise is plausible in the late 2026 to early 2027 window, contingent on early customer traction.

10. Vertical Semiconductor

Vertical Semiconductor is a semiconductor company specializing in the design and manufacturing of advanced vertical Gallium Nitride (GaN) power devices. These devices are engineered to enhance the efficiency and performance of power electronics across various applications, including data centers, grid infrastructure, and renewable energy systems. By leveraging breakthrough technology developed at the Massachusetts Institute of Technology (MIT), Vertical Semiconductor aims to revolutionize power systems with compact, reliable, and high-performance solutions.

  • Sector: Information Technology
  • Last known funding round: Seed Venture, $11M, October 2025
  • Why timing suggests a near-term transaction: This $11M seed round is on the larger side for stage and likely provides 24-30 months of runway given the capital intensity of semiconductor development. A Series A is probable in the mid to late 2027 window, tied to technical milestones and early customer validation.

Use Dakota Private Markets' Sponsor Backed Company Intelligence to Spot Likely Exits Before the Market Does

Dakota Private Markets' private company data gives you a real-time view into thousands of sponsor-backed companies, including platform acquisition dates, funding rounds, parent sponsors, add-on activity, and sector categorization.

Instead of guessing where companies are in their lifecycle, you can instantly identify which ones are approaching the typical timing windows for a sale or recap.

This dataset enables deal sourcers, investor relations teams, and allocators to anticipate transactions, build targeted outreach lists, and stay ahead of market announcements, every single day.

Filter by sector, geography, funding stage, last transaction date, or parent sponsor to build the list that matches your mandate.

To explore more companies likely to transact, request access to Dakota Private Markets.