Innovation

eRESI: Additional Funding Raised From KKR

By Amit Chowdhry ● Nov 7, 2024

eRESI Capital - a mortgage funding platform that offers comprehensive private capital solutions to the residential mortgage market - announced that it has secured a new investment from insurance accounts managed by KKR. These insurance accounts had initially invested in eRESI in 2021.

Insider: AI-Native Omnichannel Experience And Customer Engagement Company Raises $500 Million (Series E)

By Amit Chowdhry ● Nov 7, 2024

Insider - a leading AI-native omnichannel experience and customer engagement platform - announced a $500 million Series E funding round led by General Atlantic, a leading global growth investor.

Berkshire Partners: Fund XI Closed With About $7.8 Billion In Commitments

By Amit Chowdhry ● Nov 7, 2024

Berkshire Partners—a Boston-based private equity firm focused on the middle market—announced the closing of Berkshire Fund XI with about $7.8 billion in capital commitments, making it Berkshire’s largest fund since the firm’s inception in 1986. Fund XI was meaningfully oversubscribed, which the firm believes emphasizes investors support for the firm’s multi-sector middle market investment strategy.

Melio: Accounts Payable And Receivable Platform Raises $150 Million

By Amit Chowdhry ● Nov 7, 2024

Melio, a leading accounts payable and receivable platform for small and medium businesses, announced it has raised an additional $150 million in a strategic funding round led by Fiserv. And Shopify Ventures and Capital One Ventures also participated in the funding round, which will help drive the company’s growth through partnerships. Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude and Thrive Capital also joined in the latest funding round.

Saw Mill Capital: $435 Million Fund III Closed For Driving Growth Of Lower Middle-Market Companies

By Amit Chowdhry ● Nov 7, 2024

Saw Mill Capital, a middle-market private equity firm focused on partnering with North American industrial services, professional services, and engineered products companies, announced the final closing of its $435 million Saw Mill Capital Partners III, LP. Fund III's diverse investor base includes insurance companies, consultants, public pensions, endowments, family offices, sovereign wealth funds, wealth managers and funds-of-funds across North America, Europe and around the globe.

Chicago Atlantic: $30 Million Senior Secured Credit Facility Closed For Deep Roots Harvest

By Amit Chowdhry ● Nov 7, 2024

Chicago Atlantic Admin announced that it acted as administrative agent on the funding of a $30 million senior secured credit facility for Deep Roots Holdings, a vertically integrated operator in Nevada with five open dispensaries, one dispensary planned to open in December 2024 and a standalone cultivation and processing facility.

Agrovision: $400 Million Credit Facility Closed For Global Expansion

By Amit Chowdhry ● Nov 7, 2024

Agrovision, a technology-driven global superfruit platform, announced the closing of senior secured credit facilities in an aggregate amount of $400 million. The proceeds from the financing, which includes an initial $230 million five-year term loan and a $150 million three-year revolving credit line, will be used to repay outstanding borrowings under the company’s existing $210 million credit facility and short-term credit lines.

415 Capital: €150 Million Second Fund Lanuched

By Amit Chowdhry ● Nov 7, 2024

415 Capital Management - a global leader in medical technology venture capital - announced the launch of its second fund 415 Capital Fund II, with a target of €150 million ($165 million).

DeepRoute.ai: $100 Million (Series C1) Raised To Develop Smart Driving Solutions

By Amit Chowdhry ● Nov 7, 2024

DeepRoute.ai, a leading artificial intelligence company specializing in developing smart driving solutions, announced a strategic Series C1 funding round at $100 million from a Chinese automotive OEM. This funding will enhance research and development in frontier end-to-end model DeepRoute IO, help scale global automakers' collaboration, explore future Robotaxi business, and support recruiting more AI-native talents.

Why nCino Is Buying FullCircl For $135 Million

By Amit Chowdhry ● Nov 7, 2024

nCino - a leading provider of intelligent banking solutions - announced that it has entered into a definitive agreement to acquire FullCircl. FullCircl is a leading UK-based SaaS platform, which was built to help financial institutions and regulated companies grow revenue, automate and accelerate onboarding, and improve client lifecycle management by removing regulatory and verification roadblocks.

OncoveryCare: Interview With CEO & Co-Founder Hil Moss About The Virtual Cancer Survivorship Clinic

By Amit Chowdhry ● Nov 7, 2024

OncoveryCare is a company that delivers comprehensive and whole-person care to cancer survivors. Pulse 2.0 interviewed OncoveryCare CEO and co-founder Hil Moss to learn more about the company.

MoneyStack: Funding Raised For Helping Those With Sports Betting Addiction

By Amit Chowdhry ● Nov 7, 2024

MoneyStack, a financial counseling platform for behavioral health care, announced a $250,000 pre-seed investment from the Richard King Mellon Foundation. The company will use the funds to accelerate the growth of its proprietary service for gambling addiction, GamFin, throughout the U.S. and expand partnerships with state agencies, non-profits, and other organizations across Pennsylvania.

UScellular Selling Select Spectrum Assets To AT&T In $1.018 Billion Deal

By Amit Chowdhry ● Nov 7, 2024

Today, United States Cellular Corporation (USM) announced that it has entered into an agreement with AT&T (T) to sell a portion of the Company's retained spectrum licenses for a total consideration of $1.018 billion.

Spirent: Interview With VP Of Product Management Aniket Khosla About The Assurance Solutions Company

By Amit Chowdhry ● Nov 7, 2024

Spirent Communications is a leading provider of test and assurance solutions for next-generation devices and networks. Pulse 2.0 interviewed Spirent’s VP of Wireline Product Management Aniket Khosla to learn more about the company.