Sam Bankman-Fried trial begins with jury selection

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Sam Bankman-Fried trial begins with jury selection

Today marks the beginning of Sam Bankman-Fried's criminal trial-and it's all happening at New York's U.S. Southern District courthouse on Pearl Street, where my colleague Ben Weiss will be spending the day.

Opening arguments will not begin until tomorrow, but today a crew of New Yorkers will select to comprise the jury and ultimately decide the fate of the startup industry's now-disgraced crypto founder, Bankman-Fried.

The trial will be held for the next six weeks or so, with trial dates scheduled until at least Nov. 9, according to the case calendar attached to the docket last week. Lewis A. Kaplan, the federal judge overseeing the case, was appointed by President Bill Clinton in 1994, and just recently presided over the civil case between writer E. Jean Carroll and former President Donald Trump.

Bankman-Fried faces seven charges of fraud and money laundering in connection to the collapse of his FTX crypto exchange empire, which was backed by Sequoia Capital, Insight Partners, and SoftBank, and was valued at $40 billion across both its U.S. and international operations. Bankman-Fried has been charged with not guilty to all counts of manslaughter.

As we wait for the trail to begin, my colleague Weiss has the details on the key players we can expect to see throughout the course of the trial, including Bankman-Fried's attorneys, Mark Cohen and Christian Everdell, who are both former federal prosecutors and have represented the likes of Jeffrey Epstein associate Ghislaine Maxwell. Four of Bankman-Fried's close colleagues, who accepted plea deals and are working with the government, will likely testify in coming weeks.

In other SBF news...Michael Lewis' new book on Bankman-Fried and the FTX empire hits bookshelves today. A excerpt of the book, Going Infinite, was published yesterday in the Washington Post, which you can read here. I'm on my way to grab a copy of the book and will give a review at some point in the near future.

Twitter: @jessicakmathews

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Albo, a Mexico City, Mexico-based online bank, has raised $40 million in Series C funding. Morpheus Ventures led the round and was joined by Valar Ventures, Greyhound Capital, Mountain Nazca, Flourish Ventures, and others.

Farther, a New York City-based wealth management firm, raised $31 million in Series B funding. Lightspeed Venture Partners took part in the round and was led by Bessemer Venture Partners, cota Capital, Khosla Ventures, MassMutual Ventures, and Moneta Venture Capital.

Untitled Unitary, a London, U.K.-based company that analyzes and interprets videos to detect harmful content, raised $15 million in Series A funding. The group's leader was Creandum, who was joined by Paladin Capital Group and Plural.

Bonsai Robotics, a San Jose, Calif.-based company that designs agricultural vehicles that can autonomously traverse difficult terrain, raised $13.5 million in seed funding from a startup known as Bonsai Robotics. Acre venture Partners led the round and was led by E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures, and angel investors.

Granular Energy, a platform in Paris, France, provides software to manage and trade clean energy to companies in the utilities and energy sector, raised €7.5 million in funding. Norrsken VC led the round and was joined by All Iron Ventures, Box Group, Valo Ventures, and existing investors Seedcamp, Revent, and Powerhouse Ventures.

With the help of Series A funding, Rendezvous, an Espoo, Finland-based platform designed to let hotels and other venues sell, operate, and manage their bookings on one platform, raised $4.6 million. Scale Capital led the round and was joined by others.

Humata AI, an AI platform powered by Austin, Texas, has raised $3.5M in seed funding from Gradient Ventures, ARK Invest, M13, and others.

Muir AI, a Seattle, Wash.-based startup that uses AI to track emissions data and provide sustainability insights for companies, has raised $3.25 million in seed funding. The round was organized by Base10 Partners and was led by Madrona Venture Labs, Soma Capital, and others.

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Slate Capital Group, backed by the company, has acquired Tombari Structural Products, a company that offers steel products like metal decking for roofs and floors. Financial terms were not disclosed.

Prime AE, supported by NewHold, acquired Jacobi, Toombs, and Lanz, a New Albany, Ind.-based firm that provides engineering, survey, and constructing services to clients in transportation, water resources, and infrastructure surveying fields. Financial terms were not disclosed.

A minority stake in Front Office Sports, a New York City-based sports news and media site, has been acquired by RedBird IMI. Financial terms were not disclosed.

Advent International and Warburg Pincus acquired bioPharma Solutions, a Bloomington, Ind. Germany-based pharmaceuticals manufacturer Baxter International has acquired Halle/Westfalen from Baxter International for $4.25 billion in cash.

TPG acquired Forcepoint Global Governments and Critical Infrastructure, an Austin, Texas-based platform designed to provide security for data and intellectual property on any device. Financial terms were not disclosed.

Discount Tire bought Dunn Tire, a vehicle maintenance company and car parts provider in Buffalo, N.Y., for an undisclosed amount. Financial terms were not disclosed.

Birkenstock, a footwear company based in Linz am Rhein, Germany, plans to raise $1.6 billion in an offering of 32.3 million shares, which is worth $44 and $49. L Catterton backs the company.

Quinbrook Infrastructure Partners, a Houston, Texas and London, U.K.-based investment firm, raised £620 million in its third fund, focused on firms that are helping the transition to renewable energy.