Innovation

PosiGen Receives $150 Million Funding Commitment From Brookfield Asset Management

By Amit Chowdhry ● May 24, 2024

PosiGen, one of the nation's leading providers of renewable energy and energy efficiency solutions for underserved communities and a certified Public Benefits Corporation (PBC), announced that a direct lending infrastructure fund managed by Brookfield Asset Management (Brookfield) has expanded upon its funding commitment with an additional $150 million investment.

PayHOA: HOA Management Software Company Secures $27.5 Million

By Amit Chowdhry ● May 24, 2024

PayHOA, an all-in-one homeowner’s association (HOA) management software company, announced that it raised a $27.5 million Series A financing round, led by venture capital firm Elephant. And PayHOA unveiled its new Payables module, which expands the platform’s capabilities and streamlines financial management for self-managed HOAs and property managers.

XGEN Venture: €160 Million Life Science Fund Closed

By Amit Chowdhry ● May 24, 2024

Newly formed venture capital firm XGEN Venture announced its first fund, XGEN Venture Life Science Fund, with €160 million in commitments. With this fund, XGEN Venture will be working along with talented scientists and entrepreneurs to create and invest in up to 15 companies, delivering impactful solutions to patients through new therapeutics, medical devices, diagnostics and digital health solutions. While taking a macro view of scientific innovation, a large portion of XGEN-backed companies will be formed from technologies that originated in Italian research institutes.

Agora: Real Estate Investment Management Company Raises $34 Million

By Amit Chowdhry ● May 24, 2024

Agora

Easy Metrics: $31 Million Closed To Advance Warehouse And Manufacturer Labor Analytics Platform

By Amit Chowdhry ● May 23, 2024

Easy Metrics, a leading labor analytics platform for warehouses and manufacturers, announced it has received a $31 million investment from Nexa Equity. This funding round will accelerate product development, expand organizational capacity, and pursue strategic acquisitions.

Atropos Health: $33 Million Raised To Translate Real-World Clinical Data Into Personalized Real-World Evidence For Care

By Amit Chowdhry ● May 23, 2024

Today Atropos Health, a company that translates real-world clinical data into high-quality personalized and real-world evidence for care, announced a $33 million Series B funding round. This funding round was led by Valtruis, with participation from new strategic investors, including McKesson Ventures, Touchdown VC, Sanofi Ventures, and Merck GHI Fund, along with existing investors Breyer Capital, Emerson Collective, and Presidio Ventures.

Elevate K-12 Raises $25 Million In Growth Capital From Trinity Capital

By Amit Chowdhry ● May 23, 2024

Diversified financial solutions company Trinity Capital announced it has committed $25 million in growth capital to Elevate K-12, which is a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the US.

Peterson Partners: $265 Million Closed For Tenth Private Equity Fund

By Amit Chowdhry ● May 23, 2024

Peterson Partners revealed that its private equity business, Peterson Private Equity, has closed $265 million in Fund X. Fund X is focused on investing $10 million to $25 million in entrepreneurs and management teams in profitable and growth-oriented companies.

Gorgias: Customer Experience Company Raises $29 Million

By Amit Chowdhry ● May 23, 2024

Gorgias, a leading customer experience (CX) platform trusted by over 15,000 e-commerce brands, announced $29 million in Series C-2 funding from existing investors. The new funding round was led by SaaStr and Alven, with participation from Horsley Bridge, Amplify, Shopify, Sapphire, CRV, and Transpose Platform. Sunil Dhaliwal from Amplify has also been added as a Board observer.

Hydrolix: Streaming Data Lake Platform Company Raises $35 Million

By Amit Chowdhry ● May 23, 2024

Hydrolix, a streaming data lake platform that is transforming the economics of big data, announced it has closed a $35 million Series B funding round led by S3 Ventures. Prior investors like Nava Ventures, Wing Ventures, AV8 Ventures and Oregon Venture Fund also participated in this round, which brings the company's total funding to date to $68 million.