Archives

Lightshift Energy: Utility-Scale Energy Storage Development Company Raises $100 Million

By Amit Chowdhry ● Mar 29, 2024

Lightshift Energy (formerly Delorean Power) announced a $100 million capital infusion from Greenbacker Capital Management.

Skyflow: Data And AI Privacy Company Secures $30 Million

By Amit Chowdhry ● Mar 29, 2024

Data privacy vault company Skyflow announced it has raised $30 million to extend its Series B funding. Khosla Ventures led the round, joined by prior investors Mouro Capital, Foundation Capital, and Canvas Ventures. This funding round follows revenue growth of more than 210% and quick adoption in the emerging market of sensitive data protection for large language models (LLMs).

Pelago: Substance Use Virtual Clinic Company Raises $58 Million

By Amit Chowdhry ● Mar 29, 2024

Pelago - a leading digital clinic partner to U.S. businesses and health plans for substance use management - announced $58 million in new funding on the strength of customer growth and validated ROI. This funding round brought the company’s total to $151 million.

Blueground: $45 Million Raised To Expand Flexible Rental Platform

By Amit Chowdhry ● Mar 29, 2024

Blueground - the largest global operator of furnished and flexible rentals for 30+ day stays - announced that it has secured $45 million in Series D funding. This funding round includes investments from new investor Susquehanna Private Equity Investments, LLLP (Susquehanna), and other notable investors, including WestCap. Blueground also raised a debt facility from Barclays with participation from Morgan Stanley, Deutsche Bank, and HSBC, which replaced its prior facilities with Silicon Valley Bank (SVB).

Oka: Carbon Insurance Company Secures $10 Million

By Amit Chowdhry ● Mar 29, 2024

Carbon Insurance Company Oka announced it has closed a $10 million funding round, which sets the foundation for the next growth phase. The company’s lead investors included Aquiline Capital Partners LP, firstminute capital, and Overview Capital. This round of funding also included the support of multiple angel investors with a vested interest in climate technology and carbon-market innovation.

Capital Bancorp Buying Integrated Financial In $66 Million Deal

By Amit Chowdhry ● Mar 29, 2024

Capital Bancorp and Integrated Financial Holdings announced that they have entered into a merger agreement under which Capital Bancorp will acquire Integrated Financial in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by Integrated Financial shareholders at or immediately before closing.

UBS Wealth Management Forms $1.3 Billion Hartford-Based Stone Harbor Group

By Amit Chowdhry ● Mar 29, 2024

UBS Wealth Management USA announced the formation of Stone Harbor Group, a new team of Financial Advisors in its Hartford, Connecticut office. The nine-person team includes Financial Advisors Richard Cyphers, Gerald Dubey, Douglas Domian, Scott Mintz, David Sacharko, and Sean Siana, and Client Service Associates Aranzazu Suarez, Jake Heyde, and Christian Foxen.

Avantax Brings In $250 Million Texas-Based Financial Advisor Team

By Amit Chowdhry ● Mar 29, 2024

Avantax—a leader in tax-focused financial planning and wealth management—announced it has welcomed Heidi and Nicholas Irwin. The married advisors transferred to Avantax after many years of affiliation with Edward Jones, where the couple reported having managed over $250 million in total client assets as of March 20, 2024. The couple is joining current Avantax affiliate Alliance Wealth Strategies LLC.

Abrigo Buying Investment Accounting And Management Solutions Company TPG Software

By Amit Chowdhry ● Mar 29, 2024

Abrigo (a leading provider of compliance, credit risk, and lending solutions for financial institutions) announced it has acquired TPG Software, an industry leader in investment accounting and management solutions. This acquisition marks the latest in a series of strategic investments by Abrigo to help financial institutions streamline risk and accounting management processes while ensuring internal and regulatory compliance.

Rexford Industrial Buying Blackstone Industrial Assets In Combined $1 Billion Investment

By Amit Chowdhry ● Mar 29, 2024

Rexford Industrial Realty - a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone, announced Rexford Industrial acquired approximately 3 million square feet of industrial properties under separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy and Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1 billion.

Benjamin Capital Partners: Cash-Rewards Platform Company Raises $5.5 Million

By Amit Chowdhry ● Mar 29, 2024

Benjamin Capital Partners announced the closing of a $5.5 million seed round from Play Ventures and F4 Fund. Other prominent investors in the round include Anton Gauffin, an inventor, investor, and serial entrepreneur; payment veteran Shane Happach; and Reworks founder Ilkka Teppo.

Pemberton Asset Management: Final Closing Of Strategic Credit Fund III Completed, Reaching Total Of €4.9 Billion

By Amit Chowdhry ● Mar 29, 2024

Leading private credit manager Pemberton Asset Management announced the final closing of its Strategic Credit Fund III, one of Europe’s largest opportunistic direct lending funds, at €2.3 billion. This brings the total assets under management (AUM) across the strategy's three vintages to €4.9 billion.

Emerald Bay Risk Solutions: Strategic Investment Raised From Bain Capital Insurance

By Amit Chowdhry ● Mar 29, 2024

Collaborative underwriting carrier Emerald Bay Risk Solutions announced this week that it has launched with a significant strategic investment from Bain Capital Insurance. And Emerald Bay is a program specialist that seeks to align interests across the whole risk value chain through integrated solutions and disciplined underwriting enhanced by a proprietary data-driven technology platform.

Manifest Technologies: Precision Neuroscience And Computational Neuroimaging Company Launches

By Amit Chowdhry ● Mar 29, 2024

Manifest Technologies, a developer of an AI-powered computational neuroimaging platform for CNS disease, unveiled the company after completing the initial funding and partnership with a top-five global pharmaceutical company. Supported by over $50 million of NIH-funded research at Yale, the scientific founders pioneered the NAIO technology, utilizing computational neuroscience and AI for enabling a true precision medicine approach to mental illness and neurodegenerative diseases like Alzheimer’s and Parkinson’s.

Ocorian Names Frank Hattann As Chief Commercial Officer

By Amit Chowdhry ● Mar 29, 2024

Ocorian, a specialist global provider of fund administration, capital markets, corporate, and fiduciary services, announced it has appointed Frank Hattann as Chief Commercial Officer. The company is expanding and looking to unlock new value for its clients.

Kestra Brings In $600 Million Borger Financial Services Team

By Amit Chowdhry ● Mar 29, 2024

Kestra Financial - an Austin, Texas-based industry-leading wealth management platform - announced the addition of Borger Financial Services (BFS) to its community of advisors. BFS’s financial professionals bring over $600 million in client assets under management to the platform.

Percheron Capital: Fund II Closed At $1.55 Billion Hard Cap

By Amit Chowdhry ● Mar 29, 2024

UBS Selling $8 Billion Of Credit Suite Assets To Apollo

By Amit Chowdhry ● Mar 29, 2024

UBS and Apollo announced that they have entered into an agreement under which ATLAS SP has concluded its Transition Services Agreement with UBS, and UBS will close out its Investment Management Agreement with Atlas. As part of this deal, Apollo will purchase $8 billion of senior secured financing facilities from UBS.

Enhance Health: Helping Hundreds Of Thousands Of Americans Find Health Insurance Coverage Every Year

By Amit Chowdhry ● Mar 29, 2024

Cloverleaf: Automated Coaching Technology Company Raises $7.3 Million

By Amit Chowdhry ● Mar 29, 2024

Cloverleaf, a leading automated coaching technology designed to bring out the best in workers and teams, has secured a $7.3 million Series A extension funding round. Advantage Capital led the round, including Conductive Ventures, Origin Ventures, ScOp Venture Capital, JobsOhio, Cintrifuse Capital, and 1809 Capital.

HerdDogg: Livestock Management Company Raises Funding In Round Led By Serra And Wonder Fund North Dakota

By Amit Chowdhry ● Mar 29, 2024

HerdDogg, a leader in data-driven livestock management, announced the closing of its Series A-4 Preferred Equity financing. This significant investment will accelerate commercialization and fuel innovative hardware and data solutions for the beef and dairy industries.

Evari: $7.5 Million Raised To Develop Next-Generation Heat Pump Turbocompressors

By Amit Chowdhry ● Mar 29, 2024

Evari, a developer of pioneering next-generation heat pump turbocompressors, announced a $7.5 million seed financing to commercialize a green design for the electrification of consumer and industrial heating and cooling systems. Headed by Clean Energy Ventures, with participation from Clean Energy Venture Group (CEVG) angel investors and Farvatn Venture, the funding will enable Evari to grow its team and scale up its manufacturing capabilities.

Observe: SaaS Observability Company Raises $115 Million

By Amit Chowdhry ● Mar 29, 2024

Observe, a SaaS observability company reinventing how machine-generated data is stored, managed, and analyzed, announced it has closed a $115 million Series B funding round led by Sutter Hill Ventures. Existing investors Capital One Ventures and Madrona participated, and new investor Snowflake Ventures participated.

Thoras.ai: Cloud Workload Scaling And Anomaly Detection Company Raises $1.5 Million

By Amit Chowdhry ● Mar 29, 2024

Thoras.ai announced the successful closure of a $1.5 million pre-seed funding round. The funding round was co-led by Storytime Capital and Focal VC, with participation from Hustle Fund, Precursor Ventures, the Pitch Fund, and strategic angel investors.

LendingTree: $175 Million Raised From Apollo Funds

By Amit Chowdhry ● Mar 29, 2024

LendingTree - the nation's leading online financial services marketplace - announced that it had secured up to $175 million in financing through a first-lien term loan facility from funds managed by Apollo affiliates. LendingTree plans to draw $125 million from the facility upon funding, while the remainder will be available as a delayed draw the following year.

Sanctuary AI Raises Funding From Accenture Ventures

By Amit Chowdhry ● Mar 29, 2024

Accenture Ventures announced it had made a strategic investment in Sanctuary AI, a developer of humanoid general-purpose robots powered by AI that can perform various work tasks quickly, safely, and effectively.

TurbineOne: Government Machine Learning Leader Raises $15 Million

By Amit Chowdhry ● Mar 29, 2024

TurbineOne, a leader in government Machine Learning (ML) that is edge-first, announced it raised $15 million in its Series A funding round. This round was led by Bessemer Venture Partners and included previous investors The General Partnership and XYZ Ventures. Pallas Ventures (a national security-focused investment firm) also joined this round.

Ensis: Proposal Software Company Raises $4 Million To Help Organizations Win More Government Contracts

By Amit Chowdhry ● Mar 29, 2024

Champ Titles: Digital Vehicle Title Provider Raises $18 Million

By Amit Chowdhry ● Mar 29, 2024

Champ Titles, a leading provider of digital vehicle title, registration, and lien systems of record in the United States, announced it has raised $18 million in Series C financing. Point72 Ventures led the round, joined by existing investors W.R. Berkley Corporation, Eos Venture Partners, Guidewire Software, Rev1 Ventures, and others. Including this round, Champ Titles has raised over $45 million.

Elixir Games: web3 Gaming Company Raises $14 Million

By Amit Chowdhry ● Mar 29, 2024

Elixir Games, a leading web3 gaming distribution platform backed by Square Enix, announced the close of its seed funding round, raising $14 million to drive the development of a comprehensive global gaming ecosystem that will launch later this year.