Innovation

AdvanCell Closes $315 Million Series D Financing To Advance Targeted Alpha Therapies

By Amit Chowdhry ● Jul 15, 2026

AdvanCell, a clinical-stage radiopharmaceutical company developing targeted alpha therapies for cancer, announced the closing of an oversubscribed and upsized $315 million Series D financing. The round was led by Ally Bridge Group and co-led by Alpha Wave, alongside new investors Bain Capital Life Sciences, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc., a leading sovereign wealth fund, Eventide Asset Management, and Velosity Capital, with existing investors including Morningside, Eli Lilly and Company, SV Health Investors, Sanofi Ventures, Abingworth, SymBiosis, Tenmile, Brandon Capital, Piper Heartland, Catalio Capital Management, Proto Axiom, and Time BioVentures also participating.

LionLight Capital Closes Inaugural Fund At $215 Million Hard Cap In Ten Weeks

By Amit Chowdhry ● Jul 15, 2026

LionLight Capital, a Chapel Hill, North Carolina-based growth-oriented private equity firm, has closed its inaugural fund, LionLight Capital Fund I, at its hard cap of $215 million in capital commitments. The fund was oversubscribed and reached the hard cap in ten weeks. Pacenote Capital served as exclusive placement agent, and Cooley provided legal counsel.

SkyAlyne And PAL Aerospace Reach C$750 Million RCAF Training Agreement

By Amit Chowdhry ● Jul 15, 2026

SkyAlyne and PAL Aerospace have reached an agreement for an approximately C$750 million contract covering aircraft modification, training and in-service support for the Royal Canadian Air Force’s Future Aircrew Training program.

HB Wealth Launches Dedicated Institutional Advisory And OCIO Practice And Hires Two Senior Advisors

By Amit Chowdhry ● Jul 15, 2026

HB Wealth, an Atlanta-based independent fee-only registered investment adviser managing more than $32 billion in assets, has launched a dedicated Institutional Advisory and Outsourced Chief Investment Officer (OCIO) practice. The new business segment formalizes and expands the firm's longstanding service relationships with nonprofit organizations, foundations, endowments, and corporate clients into a purpose-built advisory offering with dedicated personnel and infrastructure.

Oral Biolife Appoints Thomas J. Corrigan As Vice President Of Finance

By Amit Chowdhry ● Jul 15, 2026

Oral Biolife has appointed Thomas J. Corrigan, CPA, as Vice President of Finance to strengthen its financial strategy and support the biotechnology company’s next phase of growth.

ICE USA Acquires Southeastern Land Company In Fourth Platform Add-On

By Amit Chowdhry ● Jul 15, 2026

Infrastructure Consulting & Engineering USA (ICE USA), a transportation-focused engineering and consulting platform backed by lower middle-market private equity firm Godspeed Capital Management, has acquired Southeastern Land Company (SLC), a right-of-way and easement acquisition firm serving public infrastructure and utility clients across North and South Carolina. Financial terms were not disclosed. The transaction is the fourth add-on acquisition under the ICE USA platform.

Aligned Climate Capital And Planted Solar Advance Innovative Community Solar Project

By Amit Chowdhry ● Jul 15, 2026

Aligned Climate Capital has acquired Armoracia, a 7.3 MW DC community solar project in Collinsville Township, Illinois, through its Aligned Solar Partners strategy. The project will deploy Planted Solar's power deployment platform across a 16-acre site, serving subscribers through the Illinois Adjustable Block Program on the Ameren Illinois grid, with commercial operation expected later this year.

flyExclusive Completes Acquisition of Jet.AI Aviation Assets

By Amit Chowdhry ● Jul 15, 2026

flyExclusive, a Kinston, North Carolina-based provider of private aviation services, has completed its previously announced acquisition of Jet.AI's aviation assets. The transaction delivers a mix of operating assets, future fleet positions, marketable securities, and cash, rather than a straightforward purchase of aircraft and customers alone. Financial terms were not separately disclosed.

Mitsubishi Electric Acquires HVAC Sales, Installation and Maintenance Companies Of APAC And COMPAC Groups In Netherlands

By Amit Chowdhry ● Jul 15, 2026

Mitsubishi Electric announced that its wholly owned subsidiary Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. acquired all shares of the APAC group and the COMPAC group, including their operating companies involved in HVAC sales, installation, and maintenance, on July 13. Both groups were headquartered in Utrecht Province in the Netherlands.

University Of Illinois Researchers Develop 3D Thermal Cloak That Hides Objects From Heat In Any Direction

By Amit Chowdhry ● Jul 15, 2026

Researchers at the University of Illinois Urbana-Champaign and the Technical University of Denmark have developed a three-dimensional thermal cloak that can conceal objects from infrared cameras while protecting them from extreme temperatures.

First Washington Realty Acquires Evergreen Village In Bellevue

By Amit Chowdhry ● Jul 15, 2026

First Washington Realty has acquired Evergreen Village, a 123,562-square-foot grocery-anchored community shopping center in Bellevue, Washington. The financial terms of the transaction were not disclosed.

Daida Acquires Foveonics Document Solutions, Adding Market-Leading Platform to National Government Services Practice

By Amit Chowdhry ● Jul 15, 2026

Daida, a national provider of business process services, document digitization, digital workflow, and enterprise content management services, announced the acquisition of Foveonics Document Solutions, a New Jersey-based leader in document scanning, digital records outsourcing, and enterprise content management solutions serving state and local governments. The transaction represents Daida's sixth add-on acquisition under the ownership of HiGro Group and its affiliates, and the first of two acquisitions Daida completed in 2026.

Marco Acquires Rocket Seals To Expand Industrial Sealing Products Platform

By Amit Chowdhry ● Jul 15, 2026

Marco Sealing Solutions, a portfolio company of Align Capital Partners, has acquired Rocket Seals, a Denver-based independent distributor of O-rings and other sealing products. The financial terms of the transaction were not disclosed.

Meet The People Acquires The LOOMIS Agency, Advancing Its New Generation Agency Model

By Amit Chowdhry ● Jul 15, 2026

Meet The People (MTP), the advertising holding company for big and mid-sized clients, announced its expansion into the South with the acquisition of The LOOMIS Agency, a Dallas-based, culture-driven challenger brand specialist, and its digital marketing arm, iluminere. The deal extends MTP's platform into one of the country's largest corporate markets, growing the group to 12 brands and over 850 employees across North America.

Wafra Closes Constellation Generation V At $2 Billion, Surpassing Target

By Amit Chowdhry ● Jul 15, 2026

Wafra Inc., a New York-based alternative investment firm with approximately $30 billion in assets under management, has held the final close of Constellation Generation V (CG V) at $2.0 billion, exceeding the fund's $1.5 billion fundraising target. CG V is the largest vehicle raised for Wafra's Capital Constellation strategy since the platform launched in 2012. The fund has already begun deploying capital through strategic partnerships with Niobrara Capital and Gallatin Point Capital.

Walden Robotics Raises $300 Million At $1.1 Billion Valuation To Deploy General-Purpose Robots

By Amit Chowdhry ● Jul 15, 2026

Walden Robotics has launched from stealth with $300 million in seed funding to develop and deploy general-purpose robots that can learn continuously while performing useful work in manufacturing, logistics and other industrial environments. The financing values the Cambridge, Massachusetts-based physical AI company at $1.1 billion. Toyota and Deviation Capital co-led the round. Toyota participated through Toyota Motor Corporation, Toyota Invention Partners and Toyota Ventures. Other strategic investors included NVIDIA, Boeing, AE Ventures, Samsung Ventures, Prologis Ventures and CoreWeave Ventures. Financial investors participating in the financing included Calibrate Ventures, Colle Capital, Shine Capital, NextView Ventures, Squarepoint Capital, One Madison Group, KAS Venture Partners and Menlo Ventures, among others.

Acumatica Acquires Vertrax To Expand Fuel And Energy Distribution Software

By Amit Chowdhry ● Jul 15, 2026

Acumatica has acquired Vertrax, a longtime technology partner that provides cloud-based enterprise resource planning and business management software for the fuel and energy distribution industry. The financial terms of the transaction were not disclosed.

Pulse Security AI: Interview With Co-Founder & CEO Mike Armistead About The Cybersecurity Company

By Amit Chowdhry ● Jul 15, 2026

Pulse Security AI provides an autonomous, AI-driven cybersecurity platform designed to instantly deploy a full security stack and autonomously manage it 24/7. Pulse 2.0 interviewed Pulse Security AI co-founder and CEO Mike Armistead to learn more.

Lightbeam: Interview With President Ben Stilwill About The Healthcare Technology Company

By Amit Chowdhry ● Jul 15, 2026

Lightbeam Health Solutions is a healthcare technology company that provides an AI-powered population health platform. It aggregates fragmented medical and social data to help providers, payers, and health systems improve care quality, manage patient risk, and succeed in value-based care. Pulse 2.0 interviewed Lightbeam Health President Ben Stilwill to learn more.

Railmark Acquires Katahdin Railcar Services To Expand Tank Car Repair Network

By Amit Chowdhry ● Jul 15, 2026

Railmark Holdings, a Henderson, Kentucky-based rail services company, has acquired Katahdin Railcar Services LLC, an Association of American Railroads (AAR)-certified tank car repair operation based in Derby, Maine. Financial terms were not disclosed. The acquisition brings Railmark to 13 operating locations across 11 states, three of which are shortline railroads.

SkinMedica Deepens Commitment To Regenerative Science With Continued Investment In R&D

By Amit Chowdhry ● Jul 15, 2026

Allergan Aesthetics, an AbbVie company, announced SkinMedica's expanded commitment to regenerative science, with investments advancing innovation, research, clinical insight, and patient experience. The initiatives include a new Regenerative Science Advisory Board, an expanded research and development facility, and new flagship retail experiences.

Lion One Metals Appoints Ronan Geoghegan As VP Of Corporate Development And Investor Relations

By Amit Chowdhry ● Jul 15, 2026

Lion One Metals Limited, an emerging Canadian gold producer operating the Tuvatu Alkaline Gold Project in Fiji, has appointed Ronan Geoghegan as Vice President of Corporate Development and Investor Relations. The announcement coincides with the resignation of Hamish Greig, the company's longtime Vice President and Corporate Secretary, who has been with Lion One since its public inception approximately 16 years ago.

AstraZeneca Licenses Zegfrovy From Dizal In Deal Worth Up To $1.5 Billion

By Amit Chowdhry ● Jul 15, 2026

AstraZeneca has entered into an exclusive global licensing agreement with Dizal Pharmaceutical for Zegfrovy, an oral targeted therapy approved in the U.S. and China for certain patients with non-small cell lung cancer.

I Squared Capital To Sell Minority Stake In TIP Group to IMCO And GCM Grosvenor

By Amit Chowdhry ● Jul 15, 2026

I Squared Capital, a leading independent global infrastructure investor, announced it has entered into a definitive agreement to sell a 25% minority interest in TIP Group, one of Europe's leading transportation equipment leasing and services platforms, to the Investment Management Corporation of Ontario and GCM Grosvenor.

ReElement Technologies Raises $25 Million From U.S. Department Of War To Expand Rare Earth Refining

By Amit Chowdhry ● Jul 15, 2026

ReElement Technologies Corporation, a rare earth and critical mineral refiner based in Indiana and a minority holding of American Resources has received a $25 million investment from the United States Department of War through its Economic Defense Unit and the Office of the Under Secretary of War for Acquisition and Sustainment. The funding comes from the Department's Industrial Base Fund and is directed at expanding domestic refining capacity at ReElement's Marion, Indiana Refining Campus.

Ensysce Biosciences Awarded $5.3 Million To Advance Overdose-Protected Opioid

By Amit Chowdhry ● Jul 15, 2026

Ensysce Biosciences has received a $5.3 million installment from the National Institute on Drug Abuse to support the development of its MPAR overdose-protection technology and lead product candidate, PF614-MPAR.

Vedanta Oil & Gas To Invest $5 Billion To Boost Production Fivefold

By Amit Chowdhry ● Jul 15, 2026

Vedanta Oil & Gas plans to invest $5 billion to increase its oil and gas production by more than fivefold, supporting India’s broader effort to reduce its dependence on imported energy, according to Bloomberg.

MDA Space Closes Upsized $819 Million Bought Deal Offering of Common Shares

By Amit Chowdhry ● Jul 15, 2026

MDA Space, a trusted mission partner to the rapidly expanding global space industry, announced the closing of its previously announced upsized bought deal offering of common shares in Canada and the United States. A total of 23,000,000 common shares were issued and sold at a price of $35.60 per share, for aggregate gross proceeds of approximately $819 million to the company.

Linker Finance Secures $5 Million Seed To Accelerate Growth Engine for Community Banks

By Amit Chowdhry ● Jul 15, 2026

Linker Finance, a modular platform purpose-built for community banks, announced it has secured an additional $5 million in Seed funding, bringing its total Seed funding to $8.7 million following its previously announced $3.7 million round. The financing includes continued participation from existing investors Chingona Ventures, Ten One Ten Ventures, Audaz Capital, and Angeles Investors, alongside new strategic investment from 22nd State Banking Company.

Goodfin Launches QSBS Venture Fund Targeting 0% Federal Capital Gains Tax On Startup Investments

By Amit Chowdhry ● Jul 15, 2026

Goodfin, a Y Combinator-backed agentic wealth platform founded in 2022, has launched the Goodfin QSBS Venture Fund, a vehicle designed to give accredited investors access to early-stage startups that have been pre-vetted for eligibility under Section 1202 of the Internal Revenue Code — the provision governing Qualified Small Business Stock (QSBS). The fund is structured to help investors potentially exclude up to $15 million or more in capital gains per investment from federal taxes, targeting an effective federal capital gains rate of 0% on qualifying exits. State tax treatment varies by residence.