Innovation

GAF Partners: Acquisition Of Hydrex Pest Control Expands Presence In Southern California Pest Management

By Amit Chowdhry ● May 23, 2026

GAF Partners announced the acquisition of Hydrex Pest Control Co. of San Diego & Imperial Counties, one of the longest-operating pest and termite control providers in Southern California. Founded in 1921, Hydrex has served residential and commercial customers across San Diego and Imperial Counties for more than a century.

Prismic Life: $1.9 Billion Oversubscribed Capital Raise Completed For Reinsurance Platform

By Amit Chowdhry ● May 23, 2026

Prismic Life announced the completion of an oversubscribed capital raise, securing approximately $1.9 billion in total commitments and surpassing its original $1.6 billion target. The additional capital is expected to expand the company’s capacity and flexibility to pursue a broader range of reinsurance opportunities.

Procurement Sciences: AI Government Contracting Platform Acquires HigherGov

By Amit Chowdhry ● May 23, 2026

Procurement Sciences announced the acquisition of HigherGov, expanding its AI-powered government contracting platform and creating what the companies describe as the largest AI-driven growth platform in the sector. The combined company now serves more than 3,000 government contractors, including close to half of the industry’s Top 100 contractors, and has contributed to more than $100 billion in AI-assisted awarded contracts.

Conservation Resources: $54 Million First Close Leads To California Kiwi And Citrus Farmland Acquisition

By Amit Chowdhry ● May 23, 2026

Conservation Resources announced the first investment of Conservation Resources Farmland II, L.P. (CRF II), acquiring a 155-acre permanent crop property in California that produces kiwi and citrus. The transaction positions Conservation Resources among the largest institutional owners of bearing kiwi acreage in the United States.

Amplēo: Acquisition Of Crunchfirm Expands Fractional Finance Services For VC-Backed Startups

By Amit Chowdhry ● May 23, 2026

Amplēo announced the acquisition of Crunchfirm, a boutique finance firm specializing in full-stack CFO services for venture capital-backed startups. The deal strengthens Amplēo Finance’s ability to support venture and growth-stage companies by adding a team with expertise in startup financial operations, fundraising preparedness, investor reporting, and strategic financial leadership.

Actuate Energy: NGP Commits Capital To European Battery Storage Platform

By Amit Chowdhry ● May 23, 2026

Actuate Energy announced its formation as a battery energy storage system (BESS) investment and operating platform, alongside a substantial equity commitment from a fund managed by NGP Energy Capital Management and Actuate’s management team.

Dormakaba: Airport Software Acquisition Expands Passenger Management Capabilities

By Amit Chowdhry ● May 23, 2026

dormakaba announced the acquisition of Airsphere GmbH, an international software company specializing in passenger management systems for airports. Through the deal, dormakaba is expanding its airport business and strengthening its portfolio with software solutions focused on passenger process automation, airport logistics, and critical infrastructure security.

Alacriti: Growth Investment Raised To Expand AI-Driven Payments And Money Movement Platform

By Amit Chowdhry ● May 23, 2026

Alacriti, a payments-focused fintech company, announced a strategic growth equity investment led by Sageview Capital, with participation from BMO Capital Partners and Curql Fund. The funding will support the company’s expansion across payments modernization, fraud prevention, AI-driven intelligence, and digital money solutions.

Eurazeo: €1 Billion First Close Announced For PME V Fund

By Amit Chowdhry ● May 23, 2026

Eurazeo announced the first close of its Eurazeo PME V fund at more than €1 billion in commitments through its Elevate team. The previous PME IV vintage closed at approximately €1 billion in 2022. The company said international investors now account for 60% of total commitments, with participation from a growing number of blue-chip institutional investors worldwide.

VastAdvisor: AI-Based Wealth Management Platform Launches Native CRM Integrations With Salesforce, Microsoft Dynamics, And HubSpot

By Amit Chowdhry ● May 23, 2026

VastAdvisor announced the launch of native integrations with Salesforce Financial Services Cloud, Microsoft Dynamics 365, and HubSpot, expanding its AI-powered organic growth platform for wealth management advisors.

Mercury: $200 Million Series D Raised At $5.2 Billion Valuation For AI-Native Banking Platform

By Amit Chowdhry ● May 23, 2026

Mercury, the fintech company focused on modern banking solutions for startups and businesses, announced a $200 million Series D funding round at a $5.2 billion valuation. The round was led by TCV and included participation from existing investors including Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital. The latest raise brings Mercury’s total primary and secondary funding to approximately $700 million.

MidOcean Energy: $120 Million Investment From The Arab Energy Fund As Part Of Equity Raise

By Amit Chowdhry ● May 23, 2026

MidOcean Energy, a liquefied natural gas company formed and managed by EIG, announced a $120 million equity investment from The Arab Energy Fund as part of its current equity capital raise.