Innovation

A10 Networks Expands Cybersecurity Portfolio With ThreatX Acquisition

By Amit Chowdhry ● Feb 21, 2025

A10 Networks announced it has acquired the assets and key personnel of ThreatX Protect expanding its cybersecurity portfolio with web application and API protection (WAAP). And the acquisition is expected to be modestly accretive to A10’s earnings per share this year and has closed.

Phenom Buying Resource Management And Talent Mobility Company EDGE

By Amit Chowdhry ● Feb 21, 2025

Phenom, an AI company specializing in HR, announced it acquired EDGE, a leading resource management and talent mobility platform. This acquisition strengthens Phenom’s workforce intelligence solutions for the professional services industry and global capability centers (GCC).

Drata To Buy Trust Center Solution SafeBase

By Amit Chowdhry ● Feb 21, 2025

Drata, a leading Trust Management platform, announced it has entered into a definitive agreement to acquire SafeBase, the leading Trust Center solution for the enterprise. The deal is intended to integrate both companies' shared vision of being the go-to trust layer between companies, driving seamless, transparent relationships with the most comprehensive Trust Management Platform. This deal is expected to close later this month.

fal: $49 Million (Series B) Raised For AI-Based Media Creation Infrastructure Platform

By Amit Chowdhry ● Feb 21, 2025

fal, a leading infrastructure platform for AI-based media creation, announced it raised $49 million in Series B funding by Notable Capital and Andreessen Horowitz (a16z), with participation from Bessemer Venture Partners, Kindred Ventures, and First Round Capital. This brings fal’s total funding to $72 million. As part of this funding round, Jennifer Li (a16z) and Glenn Solomon (Notable) will join fal’s Board of Directors.

Aventia Expands Environmental Services Platform With St.Germain Acquisition

By Amit Chowdhry ● Feb 21, 2025

Aventia, a leading platform providing comprehensive environmental service solutions, announced the acquisition of St.Germain, an environmental consulting, regulatory compliance, and engineering firm. The financial terms of the transaction were undisclosed.

Emerald Lake: Sale Of Inno-Pak Announced

By Amit Chowdhry ● Feb 21, 2025

Emerald Lake Capital Management, a middle market private equity firm investing in capital-efficient businesses with sustainable competitive advantages and strong growth prospects in the industrials and services sectors, announced the sale of Inno-Pak, a leading designer, manufacturer, importer and supplier of innovative, eco-friendly packaging for prepared and takeout foods, to Handgards, a portfolio company of Wynnchurch Capital. The terms of the deal were undisclosed.

Clear Labs Secures $30 Million in Series D Financing to Accelerate Development and Adoption of Cutting-Edge Sequencing Solutions

By Amit Chowdhry ● Feb 21, 2025

Peregrine: $5 Million Raised For Transforming Healthcare for Underserved Communities

By Amit Chowdhry ● Feb 21, 2025

Peregrine Health, a comprehensive national behavioral health solution, announced it has secured $5 million to accelerate its mission to improve access to behavioral health care in underserved communities. The funding will advance the company's continued growth as a partner for Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs).

Questal: $3.2 Million (Seed) Funding Raised For Accelerating Personal Financial Management Platform

By Amit Chowdhry ● Feb 21, 2025

Questal, the owner and operator of financial wellness service provider Questis and a leader in innovative financial technology, announced the closing of its Seed Series funding round. The funding round was led by prominent figures, including Ken Thompson, former CEO of TD Private Client Wealth LLC; Adam Harper, former COO of Investments at Citi Wealth; Elizabeth and Michael Bisaro owners of StraightLine, an independent RIA with more than $1 billion of AUM; Robert Rickey, Chief Growth Officer at StraightLine and former Managing Director of Advisor Services for TIAA.

BlueWave: $118.2 Million In Debt & Tax Equity Raised

By Amit Chowdhry ● Feb 21, 2025

BlueWave, a leading solar developer, owner, and operator in the Northeast U.S., announced a new major financing round to support its community solar portfolio in Maine. The $118.2 million in financing includes a debt raise of $48.2 million with City National Bank and a tax equity raise of $70 million with First American Commercial Bancorp. The funding will support equipment and infrastructure across four community solar project sites.

Sunco Foods: Investment Raised From Fulcrum Capital Partners

By Amit Chowdhry ● Feb 21, 2025

Fulcrum Capital Partners, a leading Canadian private equity firm focused on the mid-market, announced its investment in Sunco Foods. The company manufactures nut-based butters, snacks, and value-added food ingredients. It also imports, processes, and distributes organic and naturally sourced nuts, seeds, dried fruits, grains, and legumes.

Wall Street Prep: Funding Raised From The Riverside Company

By Amit Chowdhry ● Feb 21, 2025

The Riverside Company, a global investment firm focused on the smaller end of the middle market, announced an investment in Wall Street Prep (WSP), a leading global provider of financial training solutions and certifications with over 300 corporate clients, 150 university partners and 500,000 learners. And Riverside acquired WSP from Eden Capital, which invested in the company in 2021.

Fortress Investment Group: £354 Million Acquisition Of Loungers Completed

By Amit Chowdhry ● Feb 21, 2025

Fortress Investment Group announced that funds managed by its affiliates completed the acquisition of Loungers for £354.4 million. The deal became effective in accordance with its terms, and the entire issued and to-be-issued share capital of Loungers is now owned by affiliates of Fortress funds.

Restrata: Operational Resilience Software Company Raises Funding From Scottish Equity Partners

By Amit Chowdhry ● Feb 21, 2025

Restrata, an operational resilience software and service provider to global enterprises, including some of the world’s largest energy and industrial companies, announced it raised investment from Scottish Equity Partners (SEP) to meet growing market demand.