Innovation

BeyondMath: Advanced Engineering Simulation Company Closes $8.5 Million (Seed)

By Amit Chowdhry ● Aug 21, 2024

Advanced engineering simulation BeyondMath announced it has secured $8.5 million in seed funding led by UP.Partners, with significant participation from Insight Partners and InMotion Ventures (the investment arm of JLR). This funding supports BeyondMath's goal to reshape engineering practices globally with its AI-driven multiphysics simulation platform, accelerating engineering iterations by a factor of 1,000 compared to current solutions.

Create Health Ventures Closes First Fund Of $21 Million To Invest In Digital Health Companies

By Amit Chowdhry ● Aug 21, 2024

Create Health Ventures, a VC firm exclusively focused on early-stage digital health startups with founders from the healthcare industry, announced the closing of its first fund of $21 million and its goal of investing in innovations that improve access to care for everyone, enhance the patient experience and facilitate better patient health outcomes. And the firm invests in business-to-business (B2B) solutions that payers and pharmaceutical companies can utilize to meet business goals ranging from enhanced patient engagement and a more effective care journey to recruitment and retention in clinical trials as the need for participants accelerates.

Ameriprise Financial Brings In $1.5 Billion Q5 Wealth Management Team

By Amit Chowdhry ● Aug 21, 2024

Q5 Wealth Management, a financial advisory team managing $1.5 billion in client assets in Beaumont and Houston, Texas, recently joined the independent channel of Ameriprise Financial from UBS Financial Services. And financial advisors Omar Bitar, Jeremy Saba, Mike Persia, Ed Persia, and Brad Klein conducted an extensive search for a new broker-dealer and chose Ameriprise for the firm’s robust resources to elevate their high-net-worth clients’ experience and significantly scale their practice. These advisors were specifically energized by Ameriprise’s innovative and fully integrated digital capabilities that will consistently make it more efficient in exceeding clients’ expectations.

Enterprise To Buy Piñon Midstream In $950 Million Deal

By Amit Chowdhry ● Aug 21, 2024

Enterprise Products Partners and Piñon Midstream (a portfolio company of Black Bay Energy Capital) announced today that Enterprise’s affiliate has entered into a definitive agreement to acquire Piñon Midstream in a debt-free transaction for $950 million in cash consideration. Piñon Midstream offers natural gas gathering and treating services in the core of the prolific eastern flank of the Delaware Basin in New Mexico and Texas.

Efficient Capital Labs: Revenue-Based Financing Provider Raises $11 Million (Series A)

By Amit Chowdhry ● Aug 21, 2024

Efficient Capital Labs (ECL), a leading revenue-based financing provider that provides non-dilutive capital to B2B SaaS companies operating in the South Asia-U.S. corridor, announced an $11 million Series A fundraising co-led by QED Investors and 645 Ventures. This funding round included participation from existing investors Riverside and Generalist, as well as new investors FJ Labs and Eudemian Ventures.

Admiral: Visitor Relationship Management Company Secures $19 Million

By Amit Chowdhry ● Aug 21, 2024

Admiral, a Visitor Relationship Management (VRM) company, announced the closing of $19 million in growth equity and debt funding, led by Harbert Growth Partners, the growth equity team of Harbert Management Corporation (HMC), joined by Bridge Bank and others. This latest funding round, combined with previous equity and debt, brings Admiral's total capital raised to $28 million, with Admiral funding partners including Birchmere Ventures, Gulfshore Capital, Florida Opportunity Fund, and media publisher Capitol Broadcasting.

XII Medical: $45 Million (Series B) Raised To Develop Therapies For Obstructive Sleep Apnea

By Amit Chowdhry ● Aug 21, 2024

XII Medical, a clinical-stage medical technology company developing innovative therapies for obstructive sleep apnea, announced the closing of a $45 million Series B equity financing. This financing was led by Omega Funds and joined by new investor Intuitive Ventures. Existing investors also joined, including founding investor Cleveland Clinic, Ajax Health, Longview Ventures (an affiliate of Broadview Ventures), Aperture Venture Partners, JobsOhio Growth Capital Fund, and an undisclosed strategic investor. The funds will be utilized to further product and clinical development. XII Medical developed a patient-centric neuromodulation therapy designed to enhance the quality of life for the millions of people suffering from obstructive sleep apnea.

Bitfarms Buying Stronghold Digital Mining In $125 Million Deal

By Amit Chowdhry ● Aug 21, 2024

Bitfarms (a global vertically integrated Bitcoin data center company) and Stronghold Digital Mining entered into a definitive merger agreement under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. This deal is valued at approximately $125 million equity value along with the assumption of debt valued at roughly $50 million.