Innovation

Performance Food Group Buying Cheney Bros In $2.1 Billion Deal

By Amit Chowdhry ● Aug 18, 2024

Performance Food Group Company announced that it has entered into a definitive agreement with Cheney Bros - a leading independent broadline foodservice distributor based in Riviera Beach, Florida and owned by the Cheney family and Clayton Dubilier & Rice (CD&R) - under which PFG will acquire Cheney Brothers for $2.1 billion in cash.

Almaviva Buying Iteris In $335 Million Deal

By Amit Chowdhry ● Aug 18, 2024

Iteris, a trusted technology ecosystem for smart mobility infrastructure management, announced that it has entered into a definitive merger agreement to be acquired by Almaviva S.p.A. (a private Italian digital innovation group) in an all-cash transaction valuing Iteris at approximately $335 million equity value. Under the terms of the deal, Iteris shareholders will receive $7.20 in cash for each share of Iteris common stock.

Fisent: Applied GenAI Process Automation Solutions Company Raises Funding From Strategic Investors

By Amit Chowdhry ● Aug 18, 2024

Fisent Technologies, a pioneer in Applied GenAI Process Automation solutions, announced it has secured funding from strategic investors including Pegasystems, Sand Dollar Capital, and prominent entrepreneurs - which will drive the growth of its BizAI product as the market leader in Applied GenAI Process Automation.

Two Bear Capital Appoints Five Key Executives

By Amit Chowdhry ● Aug 18, 2024

Two Bear Capital, a VC firm investing in life sciences and technology disruptors, announced the appointment of five key executives, expanding its team of experts during a period of rapid growth for the venture capital firm. These appointments strengthen Two Bear Capital’s ability to help build the operations of its impressive portfolio companies by delivering deep domain experts who partner with founders as they bring their breakthroughs to market and scale operations.

Amulet: $5.8 Million (Series A) Closed To Develop Sensors For Finding Allergens And Environmental Contaminants In Food

By Amit Chowdhry ● Aug 18, 2024

Amulet, a company shining a light on invisible threats in our food system, announced $5.8 million in Series A financing led by HealthX Ventures, with participation from Incite Ventures, AllerFund, Mendota Venture Capital, Great Oaks Venture Capital, and individuals such as e-commerce pioneer, Pinterest executive, and Daydream founder Julie Bornstein and serial founder and investor Diede van Lamoen.

Autotech Ventures: Lyft Co-Founder Logan Green Joins As Venture Partner

By Amit Chowdhry ● Aug 18, 2024

Logan Green, co-founder and board chairman of Lyft, has joined Autotech Ventures as a venture partner. Autotech Ventures is a premier VC firm investing in mobility and transportation.

Pelage Pharmaceuticals: $14 Million (Series A-1) Raised In Round Led By GV To Address Hair Loss Treatments

By Amit Chowdhry ● Aug 18, 2024

Pelage Pharmaceuticals, a clinical-stage regenerative medicine company crearting a new generation of treatments for hair loss, announced that the first patients have been dosed in its Phase 2a clinical trial evaluating the safety and efficacy of PP405, a novel topical small molecule, for the treatment of androgenetic alopecia (pattern baldness). Pelage also raised a $14 million Series A-1, led by GV with support from Main Street Advisors, Visionary Ventures, and YK BioVentures, following an initial $16.75 million Series A financing announced in February 2024.

Voltera: ZEV Fleet Company Secures $100 Million Debt Facility

By Amit Chowdhry ● Aug 18, 2024

Voltera, a leading developer, owner, and operator of charging infrastructure for zero-emission vehicle (ZEV) fleets, announced it has secured a $100 million debt facility to support capital expenditure deployment on assets backstopped by customer contracts. This is a first-of-its-kind for the electric vehicle (EV) charging industry.