Innovation

PowerGEM: Simulation Modeling Software Company Raises Funding From TA Associates

By Amit Chowdhry ● Mar 14, 2024

PowerGEM - a leading provider of simulation modeling software for the electric power industry - has announced a strategic growth investment from global private equity firm TA Associates. Launched in 2000 and based in Clifton Park, NY, PowerGEM’s power systems transmission reliability and market simulation software products serve more than 200 power systems stakeholders.

Phase Four: Aerospace Company Raises $6.25 Million From Leonid Capital Partners

By Amit Chowdhry ● Mar 14, 2024

Phase Four, a transformative aerospace company developing advanced propulsion systems for the next generation of space vehicles, has raised $6.25 million in funding from Leonid Capital Partners. Leonid is an investment firm focused on high-growth technology companies in the national security industry.

Ellevest: $2 Billion Assets Under Management Milestone Achieved

By Amit Chowdhry ● Mar 14, 2024

Ellevest—an investing and wealth management company built by and for women—announced a new milestone: $2 billion in client assets under management (AUM). The firm was created as an alternative to a male-dominated industry, with the goal of putting more money in the hands of women.

SquareDash: Property Insurance Restoration Payment Advance Company Raises Over $20 Million

By Amit Chowdhry ● Mar 14, 2024

SquareDash - a payment advance platform in the property insurance restoration industry - announced it raised over $20 million in total funding to accelerate growth. The funding round was led by FINTOP Capital and it builds on SquareDash's previous equity raise in mid-2023 with participation from Hivers and Strivers, The PenFed Foundation, i2BF Global, The Hustle Fund, The Council, and other angel investors.

FERMAT: $17 Million Raised To Help Retailers Create Unique Shopping Experiences

By Amit Chowdhry ● Mar 14, 2024

FERMAT—a company that enables every retailer to create unique shopping experiences for each customer—announced it raised $17 million in funding. This funding round was led by Bain Capital Ventures (BCV), with participation from existing investors Greylock, QED Investors, and Courtside Ventures. FERMAT has raised over $30 million in total, including this funding round.

Interlune: $18 Million Secured To Harvest Natural Resources From Space To Benefit Humanity

By Amit Chowdhry ● Mar 14, 2024

Interlune announced it had raised $18 million in funding to develop and operationalize technology to extract Helium-3 and other natural resources from the Moon. This funding is a major milestone for Interlune in pursuing its goal to lead the world in sustainable, responsible harvesting and distribution of natural resources from space to benefit humanity.

KSL Capital Partners: Travel And Leisure Fund Closes On About $2 Billion

By Amit Chowdhry ● Mar 14, 2024

KSL Capital Partners announced that it has completed the final closing of its latest travel and leisure focused private equity fund KSL Capital Partners VI, L.P. (KSL VI). With commitments from the General Partner, KSL VI closed on about $2 billion in capital commitments. This fund is backed by a group of existing and new investors including state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and family offices.

Furno: $6.5 Million Secured To Decarbonize The Cement Industry

By Amit Chowdhry ● Mar 14, 2024

Furno, a company focused on decarbonizing the cement production industry, announced the closing of an oversubscribed $6.5 million seed funding round and introduced a transformative end-to-end cement production unit called the Furno Brick.

Chickasaw Nation Names Curt Crofford As Head Of Pennington Creek Capital

By Amit Chowdhry ● Mar 14, 2024

The Chickasaw Nation announced the establishment of Pennington Creek Capital - a wholly owned private capital investment subsidiary of Sovereign Native Holdco - with plans to set up an investment office in Dallas, Texas, led by long-time Hicks Equity Partners Managing Director Curt Crofford.

Loop: $6 Million Raised To Help Restaurants Optimize Third-Party Delivery Service Profitability

By Amit Chowdhry ● Mar 14, 2024

Loop - a leading SaaS provider enabling restaurants to maximize their third-party delivery service profitability - announced that it has closed $6 million in seed funding. The funding round was led by Base10 Partners with participation from Afore Capital.

Nest Health: Whole-Family Healthcare Provider Secures Over $4 Million

By Amit Chowdhry ● Mar 14, 2024

Voi: Europe-Based Micromobility Operator Raises $25 Million

By Amit Chowdhry ● Mar 14, 2024

Voi, a leading micro-mobility operator in Europe, announced that it has successfully raised $25 million in an oversubscribed funding round and secured additional debt financing for vehicles.

Delta Data Acquiring Fintech Firm Phoenix Systems

By Amit Chowdhry ● Mar 14, 2024

Delta Data (a Terminus Capital Partners company) and trusted provider of pooled fund and mutual fund software solutions announced the acquisition of Phoenix Systems, a fintech firm specializing in global mutual fund transfer agent, sub-accounting, and trading software solutions.

HarbourView Equity Raises Nearly $500 Million In Debt Financing

By Amit Chowdhry ● Mar 14, 2024

HarbourView Equity Partners - an alternative asset management company focused on investment opportunities in the sports/media/entertainment space - announced it has raised about $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR led the financing and investment accounts advised by Kuvare Asset Management also joined.