With multiple tenders this year, SpaceX sets the gold standard for providing employee liquidity.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
The deal takes liquidity generated for employees and investors to roughly $220 million in just over a year.
Pinnacle first backed the Saudi hospitality startup's $72 million Series B in 2025, when Gathern was valued at more than $267 million.
The transaction will reportedly value the India-based D2C lifestyle brand at up to $521 million, more than 3x its last reported mark.
The Mumbai-based PE firm reportedly acquired a 2–3% stake from early investors, employees, and some founder-owned entities in the ad tech company.
Pinnacle Growth & Secondary Fund combined primary capital and secondary share purchases in the automotive platform.
The financing includes a mix of secondary and primary capital, as TabaPay plans to acquire Transact Bank and support TabaPay's product roadmap.
The growth-oriented investor reportedly offered stakes in companies including OpenAI and SpaceX to attract interest in the CV.
The stock purchase, which reportedly took place last year, was disclosed in a draft of SpaceX's confidential IPO prospectus.
