Innovation

Waterous Energy Fund: Third Private Equity Fund Closed At C$1.4 Billion

By Amit Chowdhry ● Mar 31, 2025

Waterous Energy Fund (WEF) announced the final closing of its third private equity fund, Waterous Energy Fund III, at the target of C$1.4 billion (about US$1 billion).

Construct Capital: $300 Million Fund III Closed For Transforming Foundational Industries

By Amit Chowdhry ● Mar 31, 2025

Construct Capital - an early-stage venture capital firm backing entrepreneurs transforming Foundational Industries through technology - announced the closing of its $300 million Fund III. And with this new fund, the firm will continue its focus on revitalizing sectors — including manufacturing, logistics and transportation, defense, and energy — that have been neglected and underfunded for decades.

Barings: $70.2 Million Financing For Tracy 205 Logistics Center In California

By Amit Chowdhry ● Mar 31, 2025

Leading investment manager Barings announced that it has provided a $70.2 million loan to refinance Tracy 205 Logistics Center, a recently delivered industrial building in northern California's Northern Central Valley submarket.

Temporal Technologies: $146 Million Raised At $1.72 Billion Valuation To Advance Agentic Workloads Globally

By Amit Chowdhry ● Mar 31, 2025

Temporal Technologies, the inventors of open-source durable execution platform Temporal.io and Temporal Cloud, announced $146 million in Series C funding at a $1.72 billion post-money valuation. And the round - which brings Temporal’s total funding to $350 million - was led by Tiger Global with participation from StepStone Group, Amplify Partners, Index Ventures, MongoDB Ventures, Sequoia Capital, Conversion Capital, Hanwha Next Generation Opportunity Fund, and 137 Ventures.

Vigloo: $86 Million Raised To Expand Short-Form Drama Platform Into U.S. Market

By Amit Chowdhry ● Mar 31, 2025

Vigloo, a destination for immersive short-form dramas from Korean content platform company SpoonLabs, announced its expansion into the U.S. market. The platform aims to establish itself as a leader in the rapidly growing short-form streaming industry. Driven by $86 million from South Korea's gaming giant Krafton, it invests heavily in 100+ English-language originals, tapping into surging demand for short-form and mobile-first content in America. Originating in Asia, short-form drama platforms are expanding worldwide, with the U.S. emerging as a key market.

Tribune Therapeutics: €37 Million Raised For Treating Root Causes Of Fibrotic Diseases

By Amit Chowdhry ● Mar 31, 2025

Tribune Therapeutics - a biotechnology company dedicated to treating the root causes of fibrotic diseases - announced it has raised €37 million in seed and Series A funding to advance a portfolio of therapies targeting central drivers of scar tissue formation. And the funding includes a €23 million Series A led by new investor LifeArc Ventures and joined by seed investors Novo Holdings, HealthCap, Innovestor’s Life Science Fund, and Inven2, as well as new Series A investors Industrifonden and Investinor.

Savara: Loan & Security Agreement Signed For Up To $200 Million With Hercules Capital

By Amit Chowdhry ● Mar 31, 2025

Savara - a clinical-stage biopharmaceutical company focused on rare respiratory diseases - announced that it has entered into a loan and security agreement with Hercules Capital for up to $200 million. And access to the additional capital strengthens Savara’s balance sheet following the submission of the Biologics License Application (BLA) to the U.S. Food and Drug Administration (FDA) for MOLBREEVI as a treatment for autoimmune pulmonary alveolar proteinosis (aPAP).

Hudson Pacific Completes $475 Million CMBS Financing

By Amit Chowdhry ● Mar 31, 2025

Hudson Pacific Properties, a provider of end-to-end real estate solutions, announced the completion of a commercial mortgage-backed securities (CMBS) financing for a portfolio of six office properties with total gross proceeds of $475 million. The portfolio, which features assets throughout the company’s West Coast markets, includes 11601 Wilshire, Element LA, 450 Alaskan, 5th & Bell, 275 Brannan, and 1740 Technology.

Mercury: $300 Million (Series C) Raised At $3.5 Billion Valuation To Advance Fintech Platform

By Amit Chowdhry ● Mar 31, 2025

Mercury, the fintech platform companies use for banking, credit cards, and software to power all their financial workflows, announced a $300 million Series C investment round from existing and new investors. The funding round, led by new investor Sequoia Capital, includes primary and secondary funding and values Mercury at $3.5 billion post-money, more than double its previous Series B valuation of $1.6 billion in 2021. Other new investors include Spark Capital and Marathon and participation from existing investors Coatue, CRV, and Andreessen Horowitz.

Rocket Companies Buying Mr. Cooper In $9.4 Billion Deal

By Amit Chowdhry ● Mar 31, 2025

Detroit-based Rocket Companies announced a definitive agreement to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion in equity value, based on an 11x exchange ratio.

Jus Mundi: Interview With Head of Americas Annie Lespérance About The AI-Based Legal Platform Company

By Amit Chowdhry ● Mar 31, 2025

Jus Mundi is a company that leverages AI to democratize legal knowledge and empower global legal professionals. And by offering accelerated productivity, comprehensive legal intelligence, and data-driven solutions for arbitration and business development, we connect legal ecosystems to drive impactful results and power global justice through technology. Pulse 2.0 interviewed Jus Mundi Head of Americas Annie Lespérance to learn more about the company.

Phoenix Service Partners: Investment Raised From SCF Partners

By Amit Chowdhry ● Mar 31, 2025

SCF Partners announced its investment in Phoenix Service Partners, a service company specializing in high-horsepower, low-emission natural gas compression. And industry veterans Randy Dean (CEO) and Rick Childress (COO) founded Phoenix in 2024. The team had previously built and led two of the industry’s most successful contract compression companies: CDM Resource Management and Pegasus Optimization Managers. This partnership with SCF provides capital and strategic support to build Phoenix into an industry leader.

Distributional: Interview With Co-Founder & CEO Scott Clark About The Enterprise AI Testing Company

By Amit Chowdhry ● Mar 31, 2025

Distributional is a modern platform for enterprise AI testing and evaluation to make AI safe, reliable, and secure. Pulse 2.0 interviewed Distributional co-founder and CEO Scott Clark to learn more about the company.

elea: €4 Million Raised For AI-Based Healthcare Platform

By Amit Chowdhry ● Mar 31, 2025

elea—an immersive AI platform built to change how healthcare professionals provide life-saving diagnoses and care—announced recently it has raised €4 million from Fly Ventures and Giant Ventures and announced a milestone partnership with one of Germany’s largest, most critical MVZ (Medizinische Versorgungszentrum) hospital groups.

Capitala Group: Oversubscribed Fund Closed With $1 Billion In Commitments

By Amit Chowdhry ● Mar 31, 2025

Capitala Group - a leading private markets investment firm providing capital solutions to lower middle-market companies - announce that its latest fundraise was oversubscribed with over $1 billion in commitments, including leverage, and separately managed accounts. Capitala invests debt and equity capital into small businesses located throughout the U.S.

3650 Capital: $215 Million Secured From CalSTRS And Mubadala

By Amit Chowdhry ● Mar 31, 2025

3650 Capital (3650) - a nationwide alternative commercial real estate lender, special servicer and solutions provider focused on originating, servicing and asset-managing loans and providing advisory support to global institutions - announced that it has secured $215 million in fresh capital commitments from repeat investors the California State Teachers’ Retirement System (CalSTRS) and Mubadala Investment Company. The new capital will be allocated across 3650’s lending strategies and support multiple investment products.

Plural: $6 Million (Seed) Raised For Simplifying Kubernetes

By Amit Chowdhry ● Mar 31, 2025

Plural - a next-generation Kubernetes management platform - announced it has secured $6 million in seed funding, led by Primary Venture Partners, with participation from Capital One Ventures and several New York stage firms, including Company Ventures. This brings Plural’s total funding to $12 million,n including a pre-seed round.

Connectivity Wireless: $200 Million Secured From First Citizens Bank And Post Road Group

By Amit Chowdhry ● Mar 31, 2025

Connectivity Wireless - an M|C Partners backed platform and leading provider of in-building wireless solutions - announced it has successfully secured a $110 million senior debt facility with an additional $30 million available at a later date led by First Citizens Bank. In addition, the company received a $60 million growth investment led by Post Road Group, with participation from Boundary Street Capital, further strengthening its financial position and fueling its continued venue network growth.

Lucky Beverage Company: $14.2 Million (Series A1) Raised For Better-For-You Energy Drink

By Amit Chowdhry ● Mar 31, 2025

Lucky Energy, a simpler and better-for-you energy drink, announced that it has successfully closed a $14.2 million oversubscribed Series A1 round, bringing its total funding to over $40 million. The funding round is led by Maveron, with backing from DMG Ventures, Second Sight Ventures, and existing investors: Imaginary Ventures, Brand Foundry Ventures, Sapphire Ventures, and Sugar Capital.

Crstl: Series A Funding Raised For Accelerating AI-Based B2B Commerce

By Amit Chowdhry ● Mar 31, 2025

Crstl, a platform transforming retail EDI and B2B commerce, announced an investment led by Mosaic General Partnership and Cohen Circle Fintech Ventures with participation from Shopify Ventures, the investment arm of Shopify. This funding marks a pivotal milestone in Crstl's mission to build next-generation digital infrastructure that powers seamless and scalable B2B transactions.

Hubble Therapeutics: $7.3 Million (Series A) Raised For Developing Gene Therapy Cure For LCA16

By Amit Chowdhry ● Mar 31, 2025

Hubble Therapeutics, a patient-focused biotechnology company developing a gene therapy to cure pediatric blindness, announced the closing of a $7.3 million Series A funding round, which will advance its lead candidate, HUB-101, into human clinical trials.

Redaptive: Interview With Co-Founder & CEO Arvin Vohra About The Energy-As-A-Service Provider

By Amit Chowdhry ● Mar 30, 2025

Redaptive is an Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Pulse 2.0 interviewed Redaptive co-founder and CEO Arvin Vohra to learn more about the company.

I Squared Capital: $300 Million Commitment From Rest Announced

By Amit Chowdhry ● Mar 30, 2025

I Squared Capital, a leading global infrastructure investment manager, announced a $300 million commitment from Rest, one of Australia’s largest profit-to-member superannuation funds.

NUNC Capital: €20 Million Venture Building Initiative Launched To Invest In Ukraine’s Defense

By Amit Chowdhry ● Mar 30, 2025

Amsterdam-based NUNC Capital announced a €20 million early-stage Venture Building Initiative to invest in emerging Ukrainian defense technologies. And the plan is to create a strategic bridge between Europe's defense markets and Ukraine's innovative defense technology ecosystem.

Silicon Data: $4.7 Million (Seed) Raised For Expanding Computing Industry Data Product Suite

By Amit Chowdhry ● Mar 30, 2025

Silicon Data, a leader in advancing data transparency and efficiency in the computing industry, announced the closing of a $4.7 million seed funding round, co-led by DRW and Jump Trading Group with participation from other strategic investors.

Infinite Uptime: $35 Million Raised For Enhancing Manufacturing Intelligence Platform

By Amit Chowdhry ● Mar 30, 2025

Infinite Uptime, a predictive maintenance and energy efficiency leader for process industries, announced it has secured a $35 million investment led by Avataar Ventures, with participation from StepStone Group and LGVP (New York). And existing investors Tiger Global and GSR Ventures also participated in the round.

Worth: $25 Million Raised For Underwriting Workflow Automation Platform

By Amit Chowdhry ● Mar 30, 2025

Worth, an all-in-one fintech platform for onboarding and underwriting workflow automation, announced it celebrated its leading position in the industry with a $25 million investment led by TTV Capital and the rapid adoption of its AI-based solutions by leading enterprises.

Knocknoc: Seed Funding Raised For JIT Network Access Control Technology

By Amit Chowdhry ● Mar 30, 2025

Sydney-based cybersecurity software company Knocknoc announced it has raised a seed round from US-based venture capital firm Decibel Partners with support from CoAct and SomethingReal.

Aligned Climate Capital: Second Venture Fund Closed At $85 Million

By Amit Chowdhry ● Mar 30, 2025

With global investment in the clean energy transition hitting multiple trillions this year, Aligned Climate Capital completed the final closing of its second venture fund, Aligned Climate Fund 2 LP (ACF2), at $85 million.

Uresta: $3 Million Raised For Bladder Leak Solution

By Amit Chowdhry ● Mar 30, 2025

Uresta is a transformative and non-invasive solution for bladder leaks that officially launched in the United States. To support the expansion, Uresta recently secured $3 million in funding, including $1.5 million from BDC Capital. And this investment will advance the company’s U.S. launch and increase awareness of its innovative approach to bladder leakage.