Innovation

Apex Fintech Solutions Buying Portfolio Management Company AdvisorArch

By Amit Chowdhry ● Mar 15, 2024

Apex Fintech Solutions - a digital wealth management company for fintechs - announced that it has acquired AdvisorArch, which is a portfolio management company and rebalancer for financial advisors. Through this acquisition, Apex will improve its RIA Custody & Execution Platform with a suite of digital advice tools that enable wealth management firms to enhance client experiences at scale. AdvisorArch also automates processes that are essential at providing better service for clients.

Joyride: Shared Mobility Company Raises $5.2 Million

By Amit Chowdhry ● Mar 15, 2024

Joyride - a shared mobility company - announced it raised $5.2 million in Series A funding. Yamaha Motors led this funding round, and it will be used to advance the global adoption of sustainable, connected, keyless, and trackable electric vehicles (EVs).

Lago: Usage-Based Billing Company Raises $22 Million

By Amit Chowdhry ● Mar 15, 2024

Lago - a Parisian usage- and subscription-based billing company - announced it raised $22 million in funding. The funding is in the form of $15 million in Series A led by FirstMark and $7 million in seed funding led by SignalFirst.

Tubulis: €128 Million Raised To Expand Therapeutic Potential Of Antibody-Drug Conjugates

By Amit Chowdhry ● Mar 15, 2024

Tubulis announced the successful completion of an upsized and oversubscribed €128 million ($138.8 million) Series B2 funding round. This funding round was co-led by EQT Life Sciences and Nextech Invest, on behalf of one or more funds managed by it, with participation from Frazier Life Sciences and Deep Track Capital and all existing investors, such as Andera Partners, BioMedPartners, Fund+, Bayern Kapital (with ScaleUp-Fonds Bayern), Evotec, coparion, Seventure Partners, OCCIDENT and High-Tech Gründerfonds (HTGF).

mmERCH: Blockchain-Enabled Web3 Fashion Company Secures $6.4 Million

By Amit Chowdhry ● Mar 15, 2024

mmERCH, a blockchain-enabled Web3 fashion start-up, announced a $6.4 million seed funding round at a $25.7 million post-money valuation. This funding round was led by Liberty City Ventures, with participation from 6529 Holdings LLC, Christie’s Ventures, and Flamingo DAO.

Redcoat AI: Cybersecurity Company Raises $4.24 Million

By Amit Chowdhry ● Mar 15, 2024

Cybersecurity company Redcoat AI announced the emergence from stealth mode with $4.24 million in funding led by Pear VC, with participation from Leonis Capital, Sancus Ventures, Kyber Knight, and others. The funding will accelerate the platform's development and expand its reach.

Unstructured: LLM Data Preprocessing Solutions Provider Raises $40 Million

By Amit Chowdhry ● Mar 14, 2024

Unstructured - a leader in ingestion and preprocessing for large language models (LLMs) - announced a $40 million Series B funding round. This funding round was led by Menlo Ventures with participation from Databricks Ventures, IBM Ventures, Sacramento Kings Chairman Vivek Ranadivé, Datastax CEO Chet Kapoor, Allison Pickens of the New Normal Fund, and NVentures (NVIDIA’s venture capital arm), and existing investors Madrona, Bain Capital Ventures (BCV), and Mango Capital.

Asgard Therapeutics: In Vivo Cell Reprogramming Company Secures €30 Million

By Amit Chowdhry ● Mar 14, 2024

Asgard Therapeutics, a biotech company pioneering in vivo direct cell reprogramming for cancer immunotherapy, announced it raised €30 million in Series A funding. This funding round will support the development of Asgard´s lead program AT-108 to IND readiness by 2026, expand its R&D team, and advance new reprogramming modalities and delivery platforms.

Alithea Genomics: RNA Sequencing Company Raises CHF 2.8 Million

By Amit Chowdhry ● Mar 14, 2024

Alithea Genomics, a leader in large-scale RNA sequencing and transcriptomics, announced the closing of a CHF 2.8 million ($3.2 million) extension to its seed funding. The Novalis Biotech Acceleration fund led the round, which also included new investor TechU Ventures alongside existing investors.

Wind Point Partners: Fund X Closed At $2.3 Billion

By Amit Chowdhry ● Mar 14, 2024

Chicago-based private equity firm Wind Point Partners announced the successful closing of its latest fund Wind Point Partners X. Fund X was closed at a hard cap with total commitments of $2.3 billion. This surpassed the fund’s $1.7 billion target.

Big Sur AI: E-Commerce AI Platform Company Raises $6.9 Million

By Amit Chowdhry ● Mar 14, 2024

Big Sur AI - an AI-driven platform for e-commerce - announced it raised a $6.9 million seed funding round. This funding round was led by Lightspeed Venture Partners and included participation from Capital F and several angel investors.

Stormbreaker Ventures Invests In Global Telecom Engineering

By Amit Chowdhry ● Mar 14, 2024

Early-stage venture capital firm Stormbreaker Ventures announce a strategic investment in Global Telecom Engineering, a hardware and software engineering company in the chip, modem, and module space driving the next generation of connectivity innovation. This investment serves as Stormbreaker's inaugural contribution to Fund II and it aligns with the expertise and collaboration of strategic limited partner Thermo Companies.

PowerGEM: Simulation Modeling Software Company Raises Funding From TA Associates

By Amit Chowdhry ● Mar 14, 2024

PowerGEM - a leading provider of simulation modeling software for the electric power industry - has announced a strategic growth investment from global private equity firm TA Associates. Launched in 2000 and based in Clifton Park, NY, PowerGEM’s power systems transmission reliability and market simulation software products serve more than 200 power systems stakeholders.

Phase Four: Aerospace Company Raises $6.25 Million From Leonid Capital Partners

By Amit Chowdhry ● Mar 14, 2024

Phase Four, a transformative aerospace company developing advanced propulsion systems for the next generation of space vehicles, has raised $6.25 million in funding from Leonid Capital Partners. Leonid is an investment firm focused on high-growth technology companies in the national security industry.

Ellevest: $2 Billion Assets Under Management Milestone Achieved

By Amit Chowdhry ● Mar 14, 2024

Ellevest—an investing and wealth management company built by and for women—announced a new milestone: $2 billion in client assets under management (AUM). The firm was created as an alternative to a male-dominated industry, with the goal of putting more money in the hands of women.

SquareDash: Property Insurance Restoration Payment Advance Company Raises Over $20 Million

By Amit Chowdhry ● Mar 14, 2024

SquareDash - a payment advance platform in the property insurance restoration industry - announced it raised over $20 million in total funding to accelerate growth. The funding round was led by FINTOP Capital and it builds on SquareDash's previous equity raise in mid-2023 with participation from Hivers and Strivers, The PenFed Foundation, i2BF Global, The Hustle Fund, The Council, and other angel investors.

FERMAT: $17 Million Raised To Help Retailers Create Unique Shopping Experiences

By Amit Chowdhry ● Mar 14, 2024

FERMAT—a company that enables every retailer to create unique shopping experiences for each customer—announced it raised $17 million in funding. This funding round was led by Bain Capital Ventures (BCV), with participation from existing investors Greylock, QED Investors, and Courtside Ventures. FERMAT has raised over $30 million in total, including this funding round.

Interlune: $18 Million Secured To Harvest Natural Resources From Space To Benefit Humanity

By Amit Chowdhry ● Mar 14, 2024

Interlune announced it had raised $18 million in funding to develop and operationalize technology to extract Helium-3 and other natural resources from the Moon. This funding is a major milestone for Interlune in pursuing its goal to lead the world in sustainable, responsible harvesting and distribution of natural resources from space to benefit humanity.

KSL Capital Partners: Travel And Leisure Fund Closes On About $2 Billion

By Amit Chowdhry ● Mar 14, 2024

KSL Capital Partners announced that it has completed the final closing of its latest travel and leisure focused private equity fund KSL Capital Partners VI, L.P. (KSL VI). With commitments from the General Partner, KSL VI closed on about $2 billion in capital commitments. This fund is backed by a group of existing and new investors including state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and family offices.

Furno: $6.5 Million Secured To Decarbonize The Cement Industry

By Amit Chowdhry ● Mar 14, 2024

Furno, a company focused on decarbonizing the cement production industry, announced the closing of an oversubscribed $6.5 million seed funding round and introduced a transformative end-to-end cement production unit called the Furno Brick.

Chickasaw Nation Names Curt Crofford As Head Of Pennington Creek Capital

By Amit Chowdhry ● Mar 14, 2024

The Chickasaw Nation announced the establishment of Pennington Creek Capital - a wholly owned private capital investment subsidiary of Sovereign Native Holdco - with plans to set up an investment office in Dallas, Texas, led by long-time Hicks Equity Partners Managing Director Curt Crofford.

Loop: $6 Million Raised To Help Restaurants Optimize Third-Party Delivery Service Profitability

By Amit Chowdhry ● Mar 14, 2024

Loop - a leading SaaS provider enabling restaurants to maximize their third-party delivery service profitability - announced that it has closed $6 million in seed funding. The funding round was led by Base10 Partners with participation from Afore Capital.

Nest Health: Whole-Family Healthcare Provider Secures Over $4 Million

By Amit Chowdhry ● Mar 14, 2024

Voi: Europe-Based Micromobility Operator Raises $25 Million

By Amit Chowdhry ● Mar 14, 2024

Voi, a leading micro-mobility operator in Europe, announced that it has successfully raised $25 million in an oversubscribed funding round and secured additional debt financing for vehicles.

Delta Data Acquiring Fintech Firm Phoenix Systems

By Amit Chowdhry ● Mar 14, 2024

Delta Data (a Terminus Capital Partners company) and trusted provider of pooled fund and mutual fund software solutions announced the acquisition of Phoenix Systems, a fintech firm specializing in global mutual fund transfer agent, sub-accounting, and trading software solutions.

HarbourView Equity Raises Nearly $500 Million In Debt Financing

By Amit Chowdhry ● Mar 14, 2024

HarbourView Equity Partners - an alternative asset management company focused on investment opportunities in the sports/media/entertainment space - announced it has raised about $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR led the financing and investment accounts advised by Kuvare Asset Management also joined.

Fulcrum Equity Partners: $372 Million Fund V Closed

By Amit Chowdhry ● Mar 13, 2024

Atlanta-based growth equity firm Fulcrum Equity Partners has announced the final closing of Fulcrum Fund V at $372 million. Fulcrum's original target was $300 million with a $350 million hard cap. However, due to investor demand, the partners decided to increase the hard cap to accommodate new LPs.

White & Case: Lavanya Raghavan Named As Partner In London

By Amit Chowdhry ● Mar 13, 2024

Law firm White & Case LLP announced it has expanded its Global Mergers & Acquisitions (M&A) Practice and Global Private Equity Industry Group by adding Lavanya Raghavan as a partner in London.

Foundation Health: $6 Million Raised To Power Consumer Healthcare Experiences

By Amit Chowdhry ● Mar 13, 2024

Foundation Health announced the closing of a $6 million seed funding round. The participants in the round include industry leaders Y Combinator Garry Tan, Transpose Platform, Tuesday VC, Alt Capital, Box Group, Liquid Ventures, Exceptional Capital, Calm/Storm Ventures, and PageOne Ventures, with support from angel investors Paul Johnson and Meghan Fitzgerald.

Empathy: $47 Million Raised To Help People Who Are Dealing With Grief And Loss

By Amit Chowdhry ● Mar 13, 2024

Empathy - a company changing the way the world deals with grief and loss - announced a $47 million Series B round led by Index Ventures with participation from General Catalyst, Entrée Capital, Latitude, and Brewer Lane, along with strategic investments from major life insurance carriers Allianz, MassMutual Ventures, MetLife, New York Life Ventures, Securian Financial, and Sumitomo. This funding round raised Empathy’s total funding to $90 million.