Innovation

Immedica To Buy Marinus Pharmaceuticals In $151 Million Deal

By Amit Chowdhry ● Dec 30, 2024

Immedica Pharma, a leading global rare disease company, and Marinus Pharmaceuticals, a pharmaceutical company committed to improving the lives of patients with seizure disorders, announced today that they have entered into an agreement and plan of merger under which Immedica has agreed to acquire Marinus, using a tender offer and subsequent merger.

Commure To Buy Digital Care Company Memora Health

By Amit Chowdhry ● Dec 30, 2024

Commure, a leading healthcare technology company, announced the acquisition of Memora Health, a digital care navigation platform. Memora will strengthen Commure's existing AI-based portfolio of patient engagement, clinical documentation, revenue cycle management, and RTLS solutions.

Zebra Technologies To Buy Robotic Vision Company Photoneo

By Amit Chowdhry ● Dec 30, 2024

Zebra Technologies - a leading digital solution provider enabling businesses to connect data, assets, and people intelligently - announced today it plans to acquire Photoneo, a leading developer and manufacturer of 3D machine vision solutions. The 3D segment of the Machine Vision market is the fastest growing, and this acquisition will further accelerate Zebra’s presence in the category.

Qolab: Superconducting Quantum Computing Company Raises $16 Million (Series A)

By Amit Chowdhry ● Dec 30, 2024

Qolab - a leader in superconducting quantum computing - announced today that it secured over $16 million to date in its Series A financing round, led by Octave Ventures with co-investment from the Development Bank of Japan Inc. (DBJ), Wisconsin Alumni Research Foundation (WARF), and Phoenix Venture Partners.

NeueHealth To Go Private In $1.3 Billion Deal

By Amit Chowdhry ● Dec 27, 2024

Value-driven healthcare company NeueHealth announced that it has entered into a definitive merger agreement pursuant to which the company will be acquired by an affiliate of New Enterprise Associates (NEA) at an enterprise value of approximately $1.3 billion. And upon completion of the deal, NeueHealth will become a privately held company with the flexibility and resources to continue advancing its value-driven, consumer-centric care model.

DoubleU Acquiring Turkey-Based Paxie Games

By Amit Chowdhry ● Dec 27, 2024

DoubleU Games - a leading developer of social casino games - announced it has agreed to buy Turkish gaming studio Paxie Games, which is the developer of Merge Studio: Fashion Makeover. DoubleU Games will buy a 60% stake for $27 million at closing, with the remaining 40% to be acquired over three years, subject to achieving certain financial targets, resulting in full ownership by the end of the third year.

WiSA Technologies Signs Deal To Buy CompuSystems

By Amit Chowdhry ● Dec 27, 2024

WiSA Technologies - which anticipates closing its acquisition of Datavault intellectual property and information technology assets of privately held Data Vault Holdings and changing its name to Datavault on or about December 31, 2024 - announced it has entered into a definitive agreement to acquire privately held CompuSystems, Inc. (CSI), a premier provider of registration, data analytics, and lead management services for live events.

Nordic Capital: Evolution II Closed At €2 Billion

By Amit Chowdhry ● Dec 27, 2024

Nordic Capital announced the first and final closing of Nordic Capital Evolution II at the hard cap of €2 billion. Raised within four months from launch with excess demand, this fund closed at its hard cap and significantly exceeded its target of €1.4 billion. Evolution II had attracted excess demand from its launch and benefited from strong support from its current investor base, with a high re-up rate of over 100% by capital and significant LP commitments from new investors and geographies, such as a substantial increase from the Americas.

USANA Health Sciences Announces Acquisition Of Hiya Health For $205 Million

By Amit Chowdhry ● Dec 27, 2024

USANA Health Sciences announced its acquisition of a 78.8% controlling ownership stake in Hiya Health Products, a leading direct-to-consumer provider of high-quality children’s health & wellness products. The $205 million cash transaction closed on December 23, 2024, and is anticipated to be accretive to USANA’s 2025 adjusted EBITDA. For the last year ended September 30, 2024 (unaudited), Hiya generated net sales of $103 million, net income of $19 million, and adjusted EBITDA of $22 million. As of September 30, 2024, Hiya had over 200,000 customers.

Trane Technologies To Buy BrainBox AI

By Amit Chowdhry ● Dec 27, 2024

Global climate innovator Trane Technologies has signed a definitive agreement to acquire BrainBox AI, a pioneer in autonomous HVAC controls and generative Artificial Intelligence (AI) building technology.

CCC Intelligent Solutions Acquiring EvolutionIQ In $730 Million Deal

By Amit Chowdhry ● Dec 27, 2024

CCC Intelligent Solutions - a leading cloud platform provider powering the P&C insurance economy and a subsidiary of CCC Intelligent Solutions Holdings - announced that it has signed a definitive agreement to acquire EvolutionIQ - the leading platform for AI-powered guidance for disability and injury claims management. And the acquisition expands CCC’s market reach into strategic adjacencies.

Cerberus Buying Water Storage Solutions Provider Landmark Structures

By Amit Chowdhry ● Dec 27, 2024

Cerberus Capital Management - a global leader in alternative investing - announced that it has acquired Landmark Structures, a leading full-service provider of water storage solutions in North America.

SV Health Investors: A.J. Rossi Promoted To Partner

By Amit Chowdhry ● Dec 27, 2024

SV Health Investors - a leading healthcare-focused private equity firm - announced the promotion of A.J. Rossi to Partner on the firm’s Growth-Buyout team. In this new role, A.J. will continue to lead investments and manage the SV portfolio while helping to drive the firm’s growth initiatives across the healthcare sector.

KKR Investing In Internet Restaurant Company Rebel Foods

By Amit Chowdhry ● Dec 27, 2024

Leading internet restaurant company Rebel Foods and global investment firm KKR announced the completion of an investment in Rebel Foods by affiliates of KKR. Through this deal, KKR will support the Company’s growth, including its expansion in India and the Middle East and adding more food and beverage brands to its portfolio.

News Corp To Sell Foxtel To DAZN In A$3.4 Billion Deal

By Amit Chowdhry ● Dec 27, 2024

News Corporation announced it has entered into a definitive agreement to sell Foxtel Group to DAZN Group Limited, a premier global sports streaming platform. Under the terms of the deal, shareholder loans for A$578 million outstanding and owing to News Corp will be repaid in full in cash at closing.

Fiserv Acquiring Payfare In $140 Million Deal

By Amit Chowdhry ● Dec 27, 2024

Fiserv - a leading global provider of payments and financial services technology - announced it has entered into a definitive agreement to acquire Payfare, a provider of program management solutions with a focus on new economy workforces. The deal is subject to obtaining shareholder and court approvals and other customary closing conditions and is expected to close in the first half of 2025.

Invidia Capital: Interview With Javier Bravo Nieto About The Healthcare Investment Firm

By Amit Chowdhry ● Dec 27, 2024

Invidia Capital Management is a pure-play healthcare investment firm focused on upper-middle market buyouts in North America. Pulse 2.0 interviewed Invidia Capital Management Private Equity Senior Associate Javier Bravo Nieto to learn more about the firm.

Mantis: $5 Million Raised For Advancing Human-Centric Robots

By Amit Chowdhry ● Dec 27, 2024

Mantis Robotics, a company focused on Physical AI for robotic automation, announced it has secured $5 million in new investments led by Emerald Technology Ventures with participation from the Amazon Industrial Innovation Fund. This funding will enable Mantis Robotics to scale its operations, enhance its product portfolio, and expand its presence in the rapidly growing industrial robotics market.

Proton Intelligence: Continuous Potassium Monitoring Company Raises $6.95 Million (Seed)

By Amit Chowdhry ● Dec 26, 2024

Proton Intelligence, a company developing the first-ever Continuous Potassium Monitoring (CKM) platform, announced the closing of its $6.95 million Seed Financing round joined by SOSV, We Venture Capital, Tenmile, LongeVC, 15th Rock, Exor, and Trampoline Venture Partners.

Walker & Dunlop: $245 Million Financing Secured For Jersey City Development

By Amit Chowdhry ● Dec 26, 2024

Walker & Dunlop announced that it arranged a $245 million loan from TYKO Capital to facilitate the construction of The Greyson, which is a 28-story, 622-unit Class-A mixed-use tower that will be located in Jersey City, New Jersey.

Nodepay: Decentralized AI Platform Company Raises $7 Million

By Amit Chowdhry ● Dec 26, 2024

Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, announced it has raised a second round of funding, bringing the total to $7 million.

AusperBio: $73 Million (Series B) Raised To Advance Targeted Oligonucleotide Therapies

By Amit Chowdhry ● Dec 26, 2024

AusperBio, a privately held clinical-stage biotechnology company dedicated to advancing targeted oligonucleotide therapies to achieve a functional cure for chronic hepatitis B (CHB), announced the completion of a $73 million Series B funding.

Prosus To Buy Online Travel Agency Despegar For $1.7 Billion

By Amit Chowdhry ● Dec 26, 2024

Prosus announced that it entered into a definitive agreement to buy Despegar, a leading Latin American Online Travel Agency (OTA), for $19.50 per share, equivalent to a 33% premium to the closing share price as of 20 December 2024, and a 34% premium to Despegar’s 90-day VWAP (volume weighted average price). The proposed deal was approved by Despegar’s board of directors, who recommended that Despegar shareholders vote in favor of the proposed transaction following the unanimous recommendation by a transaction committee.

Orion To Buy Summit Wealth Systems

By Amit Chowdhry ● Dec 26, 2024

Orion, a provider of transformative wealth-technology solutions for financial advisors and the enterprise firms that serve them, announced a definitive agreement to acquire advisor technology provider Summit Wealth Systems. When the deal closes in early 2025, Summit’s CEO, Reed Colley, will join Orion as President of Orion Advisor Technology, reporting to Orion CEO Natalie Wolfsen.

Leap: $3.5 Million (Seed) Raised To Transform Financial Service Delivery

By Amit Chowdhry ● Dec 26, 2024

Leap Financial announced a $3.5 million seed raise led by Fuel Venture Capital, with investment from Ascendo Venture Capital.

Governor DeWine: $10 Billion Investment Plan From AWS In Greater Ohio

By Amit Chowdhry ● Dec 26, 2024

Ohio Governor Mike DeWine, Lt. Governor Jon Husted, the Ohio Department of Development, and JobsOhio recently announced that Amazon Web Services (AWS) plans to invest an estimated $10 billion in additional funding to expand its data center infrastructure across greater Ohio. This will create hundreds of well-paying jobs by the end of 2030 and strengthen the state’s role as a central technology hub.

Bluenote: AI-Based Life Sciences Company Raises $10 Million

By Amit Chowdhry ● Dec 26, 2024

Brooklyn Artificial Intelligence Research Raises Strategic Funding From Several Investors

By Amit Chowdhry ● Dec 26, 2024

Brooklyn Artificial Intelligence Research announced the closing of a strategic funding round led by Atypical Ventures, with participation from S&P Global Ventures, the CEO of the Hantz Group, and asset and wealth management executives.

Foxit: Interview Executive VP WW Sales Andrew Travis About The AI-Based PDF Editing And eSign Company

By Amit Chowdhry ● Dec 26, 2024

Foxit is a leading provider of innovative PDF and eSignature products and services, helping knowledge workers increase productivity and do more with documents. Pulse 2.0 interviewed Foxit Executive VP WW Sales Andrew Travis to learn more about the company.

INVI MindHealth: Interview With Founder & CEO Jonathan Wilson About The Personalized Mental Health Support Company

By Amit Chowdhry ● Dec 26, 2024

INVI MindHealth is a company that combines the power of biometrics, deep learning analytics, and human networks to provide personalized mental health support. The company’s unique swim buddy concept connects individuals on a journey to mental wellness, breaking down stigmas and empowering individuals to take control of their well-being. Pulse 2.0 interviewed INVI MindHealth CEO and founder Jonathan Wilson to learn more about the company.