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New Deal


Announced

Completed

Magnetar Capital led a $200m Series B extension round in CoreWeave.

Financials

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Transaction Value£161m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

IT Services: Other

cloud-based services

United States

Friendly

Acquisition

Minority

Single Bidder

Completed

Private

Private Equity

Venture Capital

Synopsis

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Magnetar Capital, an alternative asset manager, led a $200m Series B extension round in CoreWeave, a specialized cloud provider built for large-scale GPU-accelerated workloads. “In my 25-year career, I’ve never been a part of a company that’s growing like this. It’s an incredible moment in time. From a demand standpoint, revenue and client scale, the rise has been exponential, and Magnetar has been an amazing partner from the beginning," Michael Intrator, CoreWeave CEO and Co-Founder.

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