Innovation

TSG Consumer To Buy EoS Fitness

By Amit Chowdhry ● May 15, 2025

TSG Consumer Partners (a leading specialist private equity firm focused exclusively on the consumer sector) announced it has signed a definitive agreement to buy EoS Fitness, a leading US operator of High Value. Low Price. (HVLP) gyms. And EoS Chief Executive Officer Rich Drengberg will continue to head the company with his tenured leadership team and will retain a vested interest in the go-forward company.

Convergint Buying Fiber Solutions To Expand Security And AV Business

By Amit Chowdhry ● May 15, 2025

Convergint, a leader in service-based systems integration, announced the acquisition of Fiber Solutions. This leading integrator specializes in designing, installing, and maintaining fiber optic, structured cabling, electronic security, and audio/video networks. Based in Fort Myers, Florida, with operations in Nashville, Tennessee, Fiber Solutions enhances Convergint’s presence in this Southeast region, expanding its capabilities in the healthcare and commercial sectors.

Inverness Graham To Buy Cognito Forms

By Amit Chowdhry ● May 15, 2025

Inverness Graham, a Philadelphia-based buyout firm that buys innovative companies where technology transforms traditional industry, announced that it has acquired Cognito Forms, a growing SaaS-based provider of low-code / no-code workflow automation solutions.

Arkestro: $36 Million Raised For Predictive Procurement Platform

By Amit Chowdhry ● May 15, 2025

Arkestro, a premier Predictive Procurement Platform accelerating enterprise spend transformation, announced a strategic investment totaling $36 million. The funding was led by Altira Group and Aramco Ventures, with participation from existing investors NEA, KDT, and Activant.

Vintage Investment Partners: Leyla Holterud Named As Partner And Opens London Office

By Amit Chowdhry ● May 15, 2025

Vintage Investment Partners, a venture capital platform with $4.3 billion in AUM and founded in 2003, announced the opening of its first European office in London and the appointment of Leyla Holterud as Partner to lead Vintage's further expansion across the region.

Persona AI: $27 Million Raised For Embodied AI Platform

By Amit Chowdhry ● May 15, 2025

Persona AI, a leader in embodied artificial intelligence, today announced it has closed its oversubscribed pre-seed funding round, raising $27 million. The funding round was co-led by Unity Growth and Tides Ventures, with participation from Mirae Asset Group, Invicta Growth, Fathom Fund, Embedded Ventures, Wave Function Ventures, Zero Infinity Partners, dConstruct Technologies, Goose Capital, SGH, Sound Media Ventures, Kalea Ventures, K50 Ventures, Cofounder Ventures, Tola Capital, SGA Capital, and Olive Hill Ventures, and K2 Global.

Cohere Health: $90 Million C Round Closed For Clinical Intelligence Solutions

By Amit Chowdhry ● May 15, 2025

Cohere Health, a leader in clinical intelligence solutions for health plans and risk-bearing providers, announced it has raised $90 million in Series C funding. The funding round was led by Temasek, with continued support from Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners. This new investment brings Cohere's total funding to $200 million.

Nortian: $41 Million Raised At $100 Million Valuation For Producing Ultra-Pure Collagen

By Amit Chowdhry ● May 15, 2025

Nortian, a biotech company pioneering the production of ultra-pure collagen through a proprietary and vertically integrated process, announced it has raised $41 million in a funding round (one of the largest in the collagen space) to launch its U.S. manufacturing operations and accelerate commercialization. The funding round was led by AJ Hollander, one of the world's largest hide processors and traders. Hollander features unmatched scale and security in hide sourcing, processing over 10,000 hides daily across five U.S. facilities.

Addepar: $230 Million G Round Raised At $3.25 Billion Valuation To Advance Data Platform

By Amit Chowdhry ● May 15, 2025

Addepar, a global technology and data platform that investment professionals depend on to make the most informed, data-driven investment decisions, announced its $230 million Series G investment round closing. The funding round was co-led by Vitruvian Partners and returning investor WestCap, with additional participation from 8VC and Valor Equity Partners. Global investor EDBI, operating under SG Growth Capital—the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore, also joined this round as a new investor.

Dynamo Ventures: $54 Million Fund III Closed

By Amit Chowdhry ● May 15, 2025

Dynamo Ventures announced the closing of its third fund at $54 million, more than tripling the size of its inaugural fund. The raise emphasizes Dynamo's focus on supporting early-stage founders who are reimagining how goods are made, moved, and monetized across supply chains, logistics, and the foundational industries that power the global economy.