Innovation

Wealth Enhancement Group Surpasses $81 Billion In Client Assets

By Amit Chowdhry ● Apr 11, 2024

Wealth Enhancement Group, a national independent wealth management firm, announced three key leadership appointments, continued growth in strategic markets, and the surpassing of $81 billion in client assets.

PVML: Data Protection Technology Company Raises $8 Million

By Amit Chowdhry ● Apr 11, 2024

PVML has announced the general availability of its platform for secure AI-powered data access and $8 million in seed funding led by NFX with participation from FJ Labs and Gefen Capital.

Rally UXR: Modern User Research CRM Company Closes $8.8 Million In Seed Funding

By Amit Chowdhry ● Apr 11, 2024

Rally announced it raised $8.8 million in funding to connect teams with their users more meaningfully. The $8.8 million funding round includes a recent Seed round led by Stage 2 Capital with participation from Y Combinator and TIA Ventures. This funding round will bring Rally to a broader audience and further its goal of connecting teams with their users.

Guesty: Property Management Software Company Secures $130 Million

By Amit Chowdhry ● Apr 11, 2024

Guesty, a leading property management software platform for the short-term rental (STR) and hospitality industry, announced a $130 million Series F funding round led by KKR. Inovia Capital and existing investors Apax Funds, BDT & MSD Partners, and Sixth Street joined the round, extending their support following Guesty's significant expansion and sustained growth.

Nexamp: Independent Renewable Energy Provider Raises $520 Million

By Amit Chowdhry ● Apr 11, 2024

Nexamp, a leading independent renewable energy provider and the nation's largest community solar developer and owner announced that it had secured $520 million in a capital raise led by Manulife Investment Management and existing investors Diamond Generating and Generate Capital. And the company will utilize the investment to expedite the deployment of its national project pipeline, accelerate expansion and developer partnerships in new and existing markets, and drive the growth of its generation and consumer-driven offerings.

Alethea: Disinformation Detection And Mitigation Company Raises $20 Million

By Amit Chowdhry ● Apr 10, 2024

Alethea, a leader in disinformation detection and mitigation, announced the closing of a $20 million Series B funding round led by GV, with participation from Ballistic Ventures. Also joining the round is Hakluyt Capital. This new funding round signifies investor confidence in Alethea's vision, technology capabilities, and the transformative impact the company will have on creating a more secure digital environment. Including this funding round, Alethea has raised $34 million.

Quintar: Spatial XR Platform Company $8.2 Million

By Amit Chowdhry ● Apr 10, 2024

Quintar, an extended reality company that provides its true spatial XR platform for developing real spatial experiences, announced that Centre Court Capital had made a significant investment as part of an $8.2 million Series A round. SeventySix Capital and Cowles Company led the funding round. In connection with the investment, Mustafa Ghouse, General Partner of Centre Court Capital, will join the Quintar board.

StrikeReady: Cybersecurity Leader Raises $12 Million

By Amit Chowdhry ● Apr 10, 2024

StrikeReady—an AI pioneer advancing the way modern security teams operate—announced $12 million in funding. The Series A funding round was led by 33N Ventures, with participation from Hitachi Ventures, Monta Vista Capital, and industry luminaries Brian NeSmith, executive chairman and former CEO at Arctic Wolf, and Rod Beckstrom, former CEO of ICANN and Founding Director of U.S. National Cybersecurity Center (now CISA).

Sequoia Financial Group Buys AltruVista

By Amit Chowdhry ● Apr 10, 2024

Sequoia Financial Group, a leading SEC-registered wealth manager with over $18 billion in assets under management as of March 31, 2024, announced it had acquired AltruVista, an SEC-registered investment advisor offering independent and holistic financial planning and asset management services to high-net-worth clients. The financial terms were not disclosed.

Federated Hermes Invests In Miura Partners’ Dent&Co Fund

By Amit Chowdhry ● Apr 10, 2024

Federated Hermes Private Equity has announced an investment in Miura Partners’ Dent&Co fund. Along with a group of high-caliber institutional investors, including existing and new LPs, Federated Hermes has co-led the transaction alongside other leading secondary investors.

Clarion Capital Partners: Oversubscribed $677 Million Fourth Fund Closed

By Amit Chowdhry ● Apr 10, 2024

Clarion Capital Partners announced it has closed its fourth fund, Clarion Investors IV, L.P., with $677 million in total capital commitments, passing its target of $600 million and its $650 million soft cap. The Fund marks Clarion’s second oversubscribed fund in a row. The firm seeks long-term investment outperformance primarily through partnering in buyouts of lower-middle market companies.

UBS Private Wealth Management: William Wright And Matthew Hoffman Joining Firm In NYC Office

By Amit Chowdhry ● Apr 10, 2024

UBS Private Wealth Management announced that Private Wealth Advisors William Wright and Matthew Hoffman will join the firm in its New York City office, along with Senior Wealth Strategy Associate Audrey Kaus.

Stonebranch: Minority Investment From EMH Partners

By Amit Chowdhry ● Apr 10, 2024

Stonebranch, a leading provider of service orchestration and automation solutions, announced a significant minority investment from EMH Partners, a leading growth investment firm that partners with technology businesses and entrepreneurs. As part of the deal, funds advised by EMH Partners obtain a significant minority stake while Elvaston continues to have majority ownership. The funds will support growth, platform enhancements, and geographic expansion.

Buyers Edge Platform: $425 Million Preferred Equity Investment

By Amit Chowdhry ● Apr 10, 2024

Buyers Edge Platform, a leader in digital procurement solutions for the foodservice industry, announced a $425 million preferred equity investment from a consortium led by General Atlantic Credit’s (GA Credit) Atlantic Park Fund, and funds managed by Blackstone Tactical Opportunities and investment funds managed by Morgan Stanley Tactical Value.

Grow Therapy: Mental Health Technology Company Raises $88 Million

By Amit Chowdhry ● Apr 10, 2024

Grow Therapy, a provider-centric mental health technology company improving access to high-quality mental healthcare, announced the closing of its $88 million Series C investment round led by Sequoia Capital, with support from Growth Equity at Goldman Sachs Alternatives and PLUS Capital along with artists and athletes from their collective, including Anna Kendrick, Lily Collins, Dak Prescott, Joe Burrow, Jrue Holiday, and Lauren Holiday. Existing investors Transformation Capital, SignalFire, and TCV also joined the round.

Unisys Names Brett Barton As VP And Global AI Practice Leader

By Amit Chowdhry ● Apr 10, 2024

Unisys announced Brett Barton as its vice president and global AI practice leader. He will report to Unisys Senior Vice President and CTO Dwayne Allen.