Innovation

Mission Bio: Equity Funding Raised To Expand Single-Cell Tri-omics Platform

By Amit Chowdhry ● Aug 6, 2025

Mission Bio, a leader in single-cell multi-omics solutions, has completed an equity financing round led by Ally Bridge Group. The funding follows significant traction with biopharma customers and recent platform innovations.

Spire To Buy Piedmont Natural Gas’ Tennessee Business For $2.48 Billion

By Amit Chowdhry ● Aug 6, 2025

Spire has entered an agreement to acquire the Tennessee-based natural gas business of Piedmont Natural Gas, a subsidiary of Duke Energy. The deal, valued at $2.48 billion, will add over 200,000 customers in the Nashville area to Spire's portfolio.

NG.CASH: $26.5 Million Series B Raised For Fintech Platform

By Amit Chowdhry ● Aug 6, 2025

NG.CASH, a Brazilian fintech platform, has closed a $26.5 million Series B funding round. The investment was led by New Enterprise Associates (NEA), with participation from several other investors, including Quantum Light, Monashees, and Andreessen Horowitz (a16z).

Grasshopper: $46.6 Million Raised For Full Service Digital Bank

By Amit Chowdhry ● Aug 6, 2025

Grasshopper, a full-service digital bank, has completed a $46.6 million funding round led by Patriot Financial Partners LP, with additional participation from Glendon Capital Management. This investment supported the bank's merger with Auto Club Trust, FSB in April 2025 and will be used to expand its digital platform and product offerings for both businesses and consumers.

August: $7 Million Raised For Bringing Configurable AI To Law Firms

By Amit Chowdhry ● Aug 6, 2025

August, an AI platform designed for midsize law firms, has raised $7 million in a funding round led by NEA and Pear VC. The company also unveiled new configurable AI workflows that can be customized to a firm’s specific tasks and regional requirements.

Dextra Partners: Co-Investment Fund Closed At $825 Million

By Amit Chowdhry ● Aug 6, 2025

Dextra Partners, a private equity firm, has closed its Dextra Co-investment Fund VII at its hard cap of $825 million. The fund has exceeded its initial target of $650 million, bringing the firm’s total assets under management to approximately $5 billion.

One Equity And Warburg Pincus Selling Eco Material Technologies To CRH For $2.1 Billion

By Amit Chowdhry ● Aug 6, 2025

One Equity Partners (OEP), Warburg Pincus, and Green Cement Investments have reached an agreement to sell Eco Material Technologies to CRH for a total of $2.1 billion. Eco Material Technologies is a leading independent supplier of Supplementary Cementitious Materials (SCMs) in North America.

Clay: $100 Million Series C Raised At $3.1 Billion Valuation For AI-Based GTM Development Platform

By Amit Chowdhry ● Aug 6, 2025

Clay, an AI-based go-to-market (GTM) development platform, has announced a $100 million Series C funding round, bringing its valuation to $3.1 billion. The round was led by CapitalG, Alphabet's independent growth fund, with participation from existing investors including Sequoia Capital and Meritech Capital. This new investment brings the company's total funding to $204 million.

Grant Thornton: Marc Chase Joins To Lead Private Equity Practice

By Amit Chowdhry ● Aug 6, 2025

Grant Thornton has announced that Marc Chase has joined the firm as its new leader of the Private Equity practice. In this role, Chase will be responsible for the growth, strategy, and operations of the firm's private equity industry practice.

Zettabyte: Strategic Investment Raised From Lam Capital

By Amit Chowdhry ● Aug 6, 2025

Zettabyte, a fast-growing innovator in AI data center infrastructure software, has announced a strategic investment led by Lam Capital, the corporate venture arm of Lam Research Corp. The funding round also included participation from Wistron, Foxconn, and Pegatron.

SpendHQ: $10 Trillion In Spend Analyzed

By Amit Chowdhry ● Aug 6, 2025

SpendHQ, a provider of procurement intelligence solutions, announced it has analyzed over $10 trillion in spend on its platform. This milestone underscores the company’s scale and the trust it has established with procurement teams worldwide. This large volume of data enhances its AI capabilities, helping organizations make faster and more informed decisions.

Deciens Capital: $93.33 Million Fund III Closed To Invest In Fintech

By Amit Chowdhry ● Aug 6, 2025

Deciens Capital, a venture capital firm specializing in financial services, has successfully closed its third fund, Fund III, with $93.33 million in limited partner commitments. This brings the firm's total assets under management to $290 million.

D-Tools: $12 Million Series C Raised To Enhance Business Management Software

By Amit Chowdhry ● Aug 6, 2025

D-Tools, a provider of business management software for systems integrators, has secured a $12 million Series C investment. The funding round was led by John Heyman, a technology executive and investor, through his new company StellarIQ. Existing majority investor Greybull Stewardship also participated.

4AG Robotics: $40 Million Raised To Advance Autonomous Mushroom Harvesting

By Amit Chowdhry ● Aug 6, 2025

4AG Robotics, a pioneer in autonomous mushroom harvesting, has announced the closure of a C$40 million Series B funding round. The investment was led by Astanor and Cibus Capital, with participation from new and existing investors, bringing the company’s total capital raised to $57.5 million in the last two years.

Seal Security: $13 Million Series A Raised For Application Security Solutions

By Amit Chowdhry ● Aug 6, 2025

Seal Security, a provider of application security solutions specializing in securing open-source components, has raised $13 million in a Series A funding round. This new investment brings the company’s total funding to $20 million. The funding round was led by Vertex Israel, with participation from Crew Capital, More Investments, SBI Group, and CCL.

Expanse: $18 Million Inaugural Fund Announced

By Amit Chowdhry ● Aug 6, 2025

Expanse, a new asset management firm with a family office perspective, has announced the launch of its inaugural $18 million fund. The fund will invest in a diverse portfolio of businesses that utilize technologies such as AI and machine learning.

Fortifi Capital Deploys Over $175 Million In Small Business Funding

By Amit Chowdhry ● Aug 6, 2025

Fortifi Capital, a rapidly growing provider of working capital solutions for small businesses, announced that it has deployed over $175 million in funding across the United States. This significant milestone coincides with the company's two-year anniversary.

MAVRK Capital: First Close On New Fund Closed To Aid Global Produce Growers

By Amit Chowdhry ● Aug 6, 2025

MAVRK Capital has announced the first close of its second fund, which is aimed at international produce growers. This new capital will enable the firm to unlock the global private credit market for perishable agricultural products.

Freeman Spogli Buying Philz Coffee

By Amit Chowdhry ● Aug 6, 2025

Philz Coffee, the specialty coffee brand founded in San Francisco, has reached a definitive agreement to be acquired by Freeman Spogli, a strategic growth investor focused on the consumer and multi-unit industries. The acquisition is expected to close on August 6, 2025.

Elevate Patient Solutions: Strategic Investment Raised From Audax And Parthenon

By Amit Chowdhry ● Aug 6, 2025

Elevate Patient Financial Solutions, a provider of revenue cycle management (RCM) technology and services, has secured a strategic investment from two major private equity firms: Audax Private Equity and Parthenon Capital.

Post Road Group: Over $1 Billion Closed For Corporate And Digital Infrastructure Funds

By Amit Chowdhry ● Aug 6, 2025

Post Road Group, an alternative investment firm, has successfully closed more than $1 billion in new capital commitments across two of its key funds. The firm announced the final closing of its Special Opportunity Fund III (SOF III) with $525 million in capital commitments. This fund will focus on providing flexible growth capital to lower middle-market companies in the digital infrastructure, TMT, software, and managed services sectors.

Approov: £5 Million Raised To Boost Mobile App Security For The AI Era

By Amit Chowdhry ● Aug 6, 2025

Approov Limited, an innovator in mobile app and API security, has closed a £5 million (US$6.7 million) Series A funding round. The investment was led by Maven Capital Partners, with participation from Souter Investments, Lanza techVentures, and Scottish Enterprise.

Walker & Dunlop Secures $105 Million Refinancing For Nashville High-Rise

By Amit Chowdhry ● Aug 6, 2025

Walker & Dunlop has arranged a $105 million refinancing loan for 805 Lea, a mixed-use high-rise in the heart of downtown Nashville.

Genesys: $1.5 Billion Investment Raised From Salesforce And ServiceNow

By Amit Chowdhry ● Aug 5, 2025

Genesys, a global leader in AI-powered experience orchestration, announced today that it has secured a $1.5 billion investment from Salesforce and ServiceNow. Each company will contribute an equal amount, reinforcing their strategic partnerships with Genesys and its position as a key customer experience (CX) platform for enterprises worldwide.

Shell: $1.45 Billion Sale Of Colonial Enterprises Stake Completed

By Amit Chowdhry ● Aug 5, 2025

Shell Midstream Operating (SMUS), a subsidiary of Shell plc, has completed the sale of its 16.125% interest in Colonial Enterprises, Inc. to a subsidiary of Brookfield Infrastructure Partners L.P. The divestment is part of Shell's broader strategy to focus on performance, discipline, and simplification, allowing the company to concentrate on areas where it has scale and a competitive advantage.

SAP To Buy SmartRecruiters, Enhancing Talent Acquisition With AI

By Amit Chowdhry ● Aug 5, 2025

SAP and SmartRecruiters announced that SAP has entered into a definitive agreement to acquire SmartRecruiters, a leading provider of talent acquisition (TA) software. This acquisition will integrate SmartRecruiters' expertise in high-volume recruiting and AI-enabled candidate engagement into the SAP SuccessFactors human capital management (HCM) suite.

BCE: C$5 Billion Acquisition Of Ziply Fiber Completed

By Amit Chowdhry ● Aug 5, 2025

BCE announced it has completed its acquisition of Ziply Fiber, a leading fiber Internet provider in the U.S. Pacific Northwest. The transaction is valued at C$5.0 billion ($3.65 billion) in cash, with BCE also assuming approximately C$2.6 billion in Ziply Fiber’s outstanding net debt.

Blue J: $122 Million Series D Raised For GenAI Tax Research Platform

By Amit Chowdhry ● Aug 5, 2025

Blue J, a leading generative AI tax research platform, announced it has secured a $122 million Series D funding round. The investment was led by Oak HC/FT and Sapphire Ventures, with participation from Intrepid Growth Partners and previous investors Ten Coves Capital and CPA.com.

Duke Energy Selling $6 Billion Stake In Florida Utility To Brookfield

By Amit Chowdhry ● Aug 5, 2025

Duke Energy announced a definitive agreement for Brookfield to acquire a 19.7% indirect equity interest in Duke Energy Florida for a total of $6 billion in cash. The investment, made through Brookfield's Super-Core Infrastructure strategy, will support Duke Energy's efforts to modernize its energy infrastructure and drive growth initiatives.

Machinify To Buy Performant Healthcare For About $670 Million

By Amit Chowdhry ● Aug 5, 2025

Performant Healthcare, a provider of technology-enabled payment integrity services, has entered into a definitive agreement to be acquired by Machinify, a healthcare intelligence company, for approximately $670 million. Machinify is a portfolio company of New Mountain Capital.