Innovation

Kailera Therapeutics: $400 Million (Series A) Raised To Advance Next-Gen Therapies For Obesity

By Amit Chowdhry ● Oct 7, 2024

Kailera Therapeutics announced its launch as a clinical-stage biopharmaceutical company focused on advancing a broad pipeline of next-generation therapies for treating obesity and related conditions. And Kailera launches with a $400 million Series A financing co-led by Atlas Venture, Bain Capital Life Sciences, and RTW Investments, with participation from Lyra Capital. The company is also developing several clinical-stage injectable and oral therapies that have demonstrated potential as best-in-class treatments for chronic weight management.

Outdoor Living Supply Buying Garden Supply Hardscapes

By Amit Chowdhry ● Oct 7, 2024

Outdoor Living Supply (OLS), a distribution platform with a focus on outdoor living products and solutions, announced that it has acquired Garden Supply Hardscapes, a full-service distributor of hardscape, natural stone, brick, lighting, bulk materials, and other complementary landscape products to Northern California.

Summit Partners: $9.5 Billion Raised For Twelfth U.S. Growth Equity Fund

By Amit Chowdhry ● Oct 7, 2024

Global growth equity investment firm Summit Partners announced the closing of its latest flagship U.S. growth equity fund. Summit Partners Growth Equity Fund XII launched fundraising in late April 2024 and held its closing after approximately five months with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be Summit XII's largest investor.

Jabil Acquiring Mikros Technologies For Supporting Liquid Cooling Demand

By Amit Chowdhry ● Oct 7, 2024

Jabil - a global leader in design, manufacturing, and supply chain solutions - announced the successful acquisition of Mikros Technologies, a leader in the engineering and manufacturing of liquid cooling solutions for thermal management, which was completed on October 1.

Vista Outdoor Selling Revelyst To Strategic Value Partners For $1.125 Billion

By Amit Chowdhry ● Oct 7, 2024

Revelyst - a collective of maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor and Strategic Value Partners (a global alternative investment firm with approximately $19 billion of assets under management) announced that they have entered into an agreement under which SVP-managed funds will acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion.

Logic Tech Raises Strategic Funding From First Principles

By Amit Chowdhry ● Oct 6, 2024

First Principles Capital (FPC), an investment firm focused on partnering with founder-led businesses, announced a strategic investment into Logic Tech Corporation, a Canadian dental practice management software leader. And Logic Tech has been a driving force in the dental industry for over 30 years, with its innovative software solutions, including the Paradigm Clinical platform, trusted by over 1,000 practices across Canada.

Turnspire Capital Partners To Buy GHP Group

By Amit Chowdhry ● Oct 6, 2024

Turnspire Capital Partners announced that an affiliate has acquired GHP Group, a leading designer and supplier of consumer outdoor living and indoor heating products. Based in Niles, Illinois, GHP is a prominent leader in designing, sourcing, and supplying patio heaters, fireplaces, portable heating products, barbecue grills, and water dispensers under a portfolio of well-recognized brands, including Dyna-Glo, Bond, Pleasant Hearth, and Vitapur.

H.I.G. Capital: Acquisition Of SkinCure Oncology Completed

By Amit Chowdhry ● Oct 6, 2024

H.I.G. Capital - a leading global alternative investment firm with $65 billion of capital under management - announced that one of its affiliates has completed the acquisition of SkinCure Oncology Intermediate, a leading provider of image-guided superficial radiation therapy (IG-SRT) solutions.

Convergence: Personal AI Agent Company Raises $12 Million (Pre-Seed)

By Amit Chowdhry ● Oct 6, 2024

Convergence—a startup creating personal AI agents for everyone—announced it has raised $12 million in pre-seed funding led by Balderton Capital. Salesforce Ventures and Shopify Ventures also participated in the round. This funding round will be used to develop novel models that power Proxy assistants, going beyond the current generation of AI and focusing on enabling continual learning and skill acquisition through memory.

MrBeast Acquires Creator Hiring Platform Company Vouch

By Amit Chowdhry ● Oct 6, 2024

Vouch, a hiring platform for creators, announced an acquisition by MrBeast. Launched by four-time creator economy founder Marty Pesis, the company has created a network matching 35,000+ candidates with hundreds of jobs from top creators such as Yes Theory, Jesser, Stokes Twins, Safiya Nygaard, Danny Duncan, AMP, etc. MrBeast plans to use Vouch for supercharging internal hiring efforts before continuing to scale it externally.

WholeTrees Structures: $1 Million Investment Raised From U.S. Endowment For Forestry And Communities

By Amit Chowdhry ● Oct 6, 2024

WholeTrees Structures, a national leader and unrivaled expert in engineering unmilled timber for commercial construction, announced a $1 million investment from the U.S. Endowment for Forestry and Communities as part of the Endowment’s inaugural mission-related investment (MRI) program.