Innovation

Cheetah Technologies: Restaurant Supply Tech Company Raises $14 Million

By Amit Chowdhry ● May 20, 2024

Cheetah Technologies, a restaurant supply technology and food distribution innovator, announced the appointment of their new CEO Kim Spalding. In the last few months, Spalding and the Cheetah board collaborated on an additional $14 million funding round, focused on the continued development and scaling of the company's technology platform.

Fairgen: $8 Million Secured To Generate Accurate AI Responses To Surveys

By Amit Chowdhry ● May 20, 2024

Fairgen, a company generating accurate AI responses to surveys, announced it had raised $8 million to date in Seed funding, led by Maverick Ventures Israel, with participation from Tal Ventures, IGNIA, and Creator Fund to move consumer insights into the AI era. And the company is launching FairBoost, its flagship solution that doubles the size of under-sampled segments using predictive synthetic responses.

Attovia Therapeutics: $105 Million Raised To Create A Pipeline Of Biotherapeutics With A Focus On Immune-Mediated Diseases

By Amit Chowdhry ● May 20, 2024

Attovia Therapeutics announced the closing of a $105 million oversubscribed Series B financing, bringing the total funding raised by the company since its launch in June 2023 to $165 million. The proceeds from the financing will be used to advance the Company’s lead programs ATTO-1310 and ATTO-002 through initial clinical data readouts, expand the company’s immunology and inflammation pipeline, and further develop the Attobody platform.

FV Bank: An Interview With Co-Founder And CEO Miles Paschini

By Amit Chowdhry ● May 20, 2024

FV Bank is a Puerto Rico-based global digital bank that provides business and individual accounts globally. FV Bank supports multiple currencies, international payments, and investment accounts along with debit and prepaid cards. Pulse 2.0 interviewed FV Bank co-founder and CEO Miles Paschini to learn more about the company.

LPL Financial Brings In $215 Million Financial Advisor Team

By Amit Chowdhry ● May 19, 2024

LPL Financial announced that financial advisor Tara Blair, CFP, CPA, has joined LPL Financial’s broker-dealer, RIA and custodial platforms. And she reported serving approximately $215 million in advisory, brokerage and retirement plan assets and joins LPL from Lincoln Financial.

C3 Rentals: Trailer Rental And Ownership Solutions Company Secures $100 Million Debt Facility

By Amit Chowdhry ● May 19, 2024

C3 Rentals, a leader in trailer rental and ownership solutions, announced it secured a $100 million debt facility funded by WhiteHawk Capital Partners and arranged by Ankura Capital Advisors. This strategic funding will increase liquidity and support the company's future working capital needs, enabling further expansion across the US.

Canopy: $35 Million Secured To Help Accountants Build Sophisticated Firms

By Amit Chowdhry ● May 19, 2024

Canopy - a firm-wide operating system helping accountants build the firms they always wanted - announced it raised $35 million in an oversubscribed funding round. This funding round was led by Ten Coves Capital and Ankona Capital, with participation from Pelion Venture Partners, Tenaya Capital, and NewView Capital. The $35 million funding round will be channeled towards doubling down on Canopy’s vision for leveraging AI to make firms exponentially more efficient.

Mercer Advisors: Martine Lellis Transitions To M&A Partner Development

By Amit Chowdhry ● May 19, 2024

Mercer Global Advisors, a national Registered Investment Adviser (RIA) firm, announced the move of Martine Lellis, Chief Talent Officer since 2020, to a newly created Principal, M&A Partner Development role.

May Health: $25 Million Secured To Help Those Living With PCOS

By Amit Chowdhry ● May 19, 2024

May Health, a clinical-stage medical device company dedicated to helping those living with the endocrine disorder polycystic ovary syndrome (PCOS), announced it has closed a $25 million Series B financing round, co-led by Bpifrance and Trill Impact with participation from founding investor Sofinnova Partners, and Avestria Ventures and Kidron Capital Assets LP.

Bluejay Therapeutics Secures $182 Million in Series C Financing to Propel Clinical Pipeline

By Amit Chowdhry ● May 19, 2024

Bluejay Therapeutics, a leader in developing novel therapeutics, today announced the successful closure of a $182 million Series C financing round. This capital infusion will accelerate the clinical development of BJT-778, as the treatment for chronic hepatitis D (HDV). The funds will also support the progression of additional promising candidates in Bluejay’s robust pipeline for the treatment for chronic hepatitis B. As previously announced, BJT-778 has received PRIME designation from EMA based on early results from the Phase 1/2 study in HDV.

Pepper: Food Distribution Sector Company Raises $30 Million

By Amit Chowdhry ● May 19, 2024

Pepper, a trusted technology partner for the food distribution sector, announced the successful closing of a $30 million Series B funding round. This significant funding round was led by ICONIQ Growth, with continued participation from existing partners at Index Ventures, Greylock, Imaginary, and Harmony Partners.

Wiz: Cloud Security Company Raises $1 Billion At $12 Billion Valuation

By Amit Chowdhry ● May 19, 2024

Cloud security company Wiz recently raised $1 billion at a $12 billion valuation, bringing the company's total funding to $1.9 billion. The current round was led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with participation from Greylock, Wellington Management, and existing investors Cyberstarts, Greenoaks, Howard Schultz, Index Ventures, Salesforce Ventures, and Sequoia Capital.