Harry Stebbings: Mega platforms raised more than expected and are investing quickly this year

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Harry Stebbings: Mega platforms raised more than expected and are investing quickly this year — Mega platforms exceed fundraising expectations

Mega investment platforms raised more funds than expected this year and are deploying capital at a faster pace than anticipated. Harry Stebbings reported that these platforms completed their fundraising this year and are expected to return to the market again next.

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Earlier, Harry Stebbings reported that Higgsfield reached $1 billion in annual recurring revenue in 18 months, according to previous coverage. He also noted Higgsfield's $4 million monthly spend on models and token outlays in a separate report at the time. These updates have coincided with increased capital deployment by investment platforms.

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