Innovation

CereTax: Sales Tax Solution Company Secures $9 Million

By Amit Chowdhry ● Jul 6, 2024

Next-generation sales tax solution CereTax announced a $9 million financing led by S3 Ventures, with participation from Wild Basin Investments and Leaders Fund.

Endogenex: $88 Million Raised To Improve Outcomes In Individuals With Type 2 Diabetes

By Amit Chowdhry ● Jul 6, 2024

Endogenex, a clinical-stage medical device company dedicated to improving outcomes in individuals with type 2 diabetes, announced it closed an oversubscribed Series C financing totaling $88 million.

Stonebriar: C$130 Million Term Loan Closed

By Amit Chowdhry ● Jul 6, 2024

Stonebriar Commercial Finance announced the closing of a seven-year CAD$130 million term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. This loan, part of a leveraged buyout, is secured by all fixed assets of the company. This is the second deal closed with the company’s sponsor in the last 12 months, totaling CAD$186 million.Stonebriar Commercial Finance announced the closing of a seven-year CAD$130 million term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. This loan, part of a leveraged buyout, is secured by all fixed assets of the company. This is the second deal closed with the company’s sponsor in the last 12 months, totaling CAD$186 million.

U.S. International DFC Finalizes $50 Million For TIG’s Latin American Reforestation Strategy

By Amit Chowdhry ● Jul 5, 2024

The U.S. International Development Finance Corporation (DFC) announced a $50 million commitment to help mobilize $1 billion for the BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy. This announcement was made in Oslo, Norway, on the margins of the Tropical Forest Forum, at a signing ceremony attended by White House Senior Advisor John Podesta, DFC Chief Climate Officer Jake Levine, and TIG Chief Sustainability Officer Mark Wishnie.

TwoStep Therapeutics: $6.5 Million Secured To Advance Applicable Targeting Platform for Solid Tumors

By Amit Chowdhry ● Jul 5, 2024

TwoStep Therapeutics, a biotechnology company developing new targeted therapeutics for solid tumors, announced its official launch following a successful $6.5 million seed round led by NFX, with participation from other investors including 2048 Ventures, Alexandria Venture Investments, Cooley’s affiliated fund GC&H Investments, and the family office of the founder of Arcadia Investment Partners.

Stellantis Invests $55 Million In Archer Aviation

By Amit Chowdhry ● Jul 5, 2024

Stellantis and Archer Aviation, a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced Archer had received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following its transition flight test milestone last month.

Route: Package Tracking Platform Company Raises $40 Million At $1.4 Billion Valuation

By Amit Chowdhry ● Jul 5, 2024

Route, a leading post-purchase package tracking and protection solution, announced a $40 million Series C funding round at a valuation of $1.4 billion. The funding round was led by Hanaco VC with participation from JAWS Ventures, Madrona Ventures, and Granger.

BoldHue Raises Nearly $3.4 Million In Oversubscribed Seed Round

By Amit Chowdhry ● Jul 5, 2024

BoldHue, a female-founded technology company transforming the beauty-tech industry with its personalized foundation device, announced it has successfully closed an oversubscribed seed round, raising nearly $5.2 million in funding to date.

Prodia: Distributed GPU Cloud Company Raises $15 Million

By Amit Chowdhry ● Jul 5, 2024

Prodia, a leading distributed network of GPUs for AI inference solutions, today announced it raised a $15 million seed round led by Dragonfly Capital to build more scalable, affordable AI solutions powered by Web3. Investment firms HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, EV3, Artichoke, TRGC, Folius, Tangent Capital, Southern Equity, Balaji Srinivasan, Sandeep Nailwal (founder of Polygon), Matthew Roszak, Jeremy Voss (Director of Gen AI at Meta), Amit Vasudev (founder of Clearbit), Thomas France founder of Ledger, Leon Marshall (CEO of Galaxy Europe), Nicolas Pinto, Kenzi Wang, Jermaine Brown, and more

Douglas Elliman Raises $50 Million From Kennedy Lewis

By Amit Chowdhry ● Jul 5, 2024

Douglas Elliman announced the closing of a $50 million growth investment from Kennedy Lewis Investment Management, a leading credit-focused alternative asset management firm. This investment enhances Douglas Elliman’s balance sheet to drive its strategic growth and expansion.

Thiozen: MIT Clean Hydrogen Spinout Raises $3.2 Million

By Amit Chowdhry ● Jul 3, 2024

Thiozen, the first company to produce clean hydrogen from "sour gas" waste streams, announced it has received $3.2 million in funding for a clean hydrogen project in Alberta, Canada. Administered by Emissions Reduction Alberta (ERA) and Alberta Innovates, this funding is part of a $57 million commitment by the Government of Alberta to support 28 projects that advance the hydrogen economy, reduce emissions, and create jobs in Alberta.

The Westly Group Raises Oversubscribed $100 Million Seed Fund

By Amit Chowdhry ● Jul 3, 2024

The Westly Group announced it successfully raised an oversubscribed $100 million seed fund to invest in entrepreneurs transforming the energy, mobility, building, and industrial sectors that make up more than 50% of the world’s GDP.

Hamilton Lane: Secondary Fund VI Closed At $5.6 Billion In Commitments

By Amit Chowdhry ● Jul 3, 2024

Leading private markets investment management firm Hamilton Lane announced the final closing of Hamilton Lane Secondary Fund VI with $5.6 billion in commitments, marking the largest fundraiser in the firm's history.

EpilepsyGTx: $10 Million Raised To Develop Therapies For Treating Focal Refractory Epilepsy

By Amit Chowdhry ● Jul 2, 2024

EpilepsyGTx, a biotechnology company focused on the research and development of gene therapies to treat focal refractory epilepsy, announced it has raised $10 million in seed funding. The funding was led by the UCL Technology Fund, with participation from Health Technology Holding.

Raymond James Absorbs $250 Million Central Florida-Based Veteran Advisor Team

By Amit Chowdhry ● Jul 2, 2024

Raymond James announced it welcomed financial advisor Anthony Losh, CFP, CRPCTM, CRPSTM, to the firm's employee advisor channel Raymond James & Associates (RJA) in Stuart, Florida. This was revealed by Tom Walrond, Eastern division director for RJA.

NXT Capital: Strategic Partnership With Cresset Partners

By Amit Chowdhry ● Jul 2, 2024

NXT Capital, a subsidiary of ORIX USA, announced it has entered into a strategic investment partnership with Cresset Partners. Cresset is the private investment arm of Cresset Capital, a $50 billion wealth management and multi-family office platform. The bespoke program provides individuals and family offices on Cresset’s platform with access to direct private lower middle market investment opportunities.

TMRW Sports Raises Series A Funding At $500 Million Valuation

By Amit Chowdhry ● Jul 2, 2024

TMRW Sports, a company focused on building progressive approaches in sports, media, and entertainment, announced the closing of its Series A investment round. The funding round was co-led by Dynasty Equity, which recently closed a strategic minority investment in Liverpool FC, and Connect Ventures - which co-led the initial fundraising round for TMRW Sports and included participation from other leading institutional investors, sports team owners, business leaders, etc. TMRW Sports was founded by Tiger Woods, Rory McIlroy, and Mike McCarley.

IGM Technology: Strategic Growth Investment Raised From Lead Edge Capital

By Amit Chowdhry ● Jul 2, 2024

IGM Technology, a provider of financial software to state and local governments, announced a strategic growth investment from Lead Edge Capital. IGM has experienced significant revenue growth since the adoption of its leading disclosure management, budgeting, and reporting software solutions.