Innovation

Mercury: $300 Million (Series C) Raised At $3.5 Billion Valuation To Advance Fintech Platform

By Amit Chowdhry ● Mar 31, 2025

Mercury, the fintech platform companies use for banking, credit cards, and software to power all their financial workflows, announced a $300 million Series C investment round from existing and new investors. The funding round, led by new investor Sequoia Capital, includes primary and secondary funding and values Mercury at $3.5 billion post-money, more than double its previous Series B valuation of $1.6 billion in 2021. Other new investors include Spark Capital and Marathon and participation from existing investors Coatue, CRV, and Andreessen Horowitz.

Rocket Companies Buying Mr. Cooper In $9.4 Billion Deal

By Amit Chowdhry ● Mar 31, 2025

Detroit-based Rocket Companies announced a definitive agreement to acquire Mr. Cooper Group in an all-stock transaction for $9.4 billion in equity value, based on an 11x exchange ratio.

Jus Mundi: Interview With Head of Americas Annie Lespérance About The AI-Based Legal Platform Company

By Amit Chowdhry ● Mar 31, 2025

Jus Mundi is a company that leverages AI to democratize legal knowledge and empower global legal professionals. And by offering accelerated productivity, comprehensive legal intelligence, and data-driven solutions for arbitration and business development, we connect legal ecosystems to drive impactful results and power global justice through technology. Pulse 2.0 interviewed Jus Mundi Head of Americas Annie Lespérance to learn more about the company.

Phoenix Service Partners: Investment Raised From SCF Partners

By Amit Chowdhry ● Mar 31, 2025

SCF Partners announced its investment in Phoenix Service Partners, a service company specializing in high-horsepower, low-emission natural gas compression. And industry veterans Randy Dean (CEO) and Rick Childress (COO) founded Phoenix in 2024. The team had previously built and led two of the industry’s most successful contract compression companies: CDM Resource Management and Pegasus Optimization Managers. This partnership with SCF provides capital and strategic support to build Phoenix into an industry leader.

Distributional: Interview With Co-Founder & CEO Scott Clark About The Enterprise AI Testing Company

By Amit Chowdhry ● Mar 31, 2025

Distributional is a modern platform for enterprise AI testing and evaluation to make AI safe, reliable, and secure. Pulse 2.0 interviewed Distributional co-founder and CEO Scott Clark to learn more about the company.

elea: €4 Million Raised For AI-Based Healthcare Platform

By Amit Chowdhry ● Mar 31, 2025

elea—an immersive AI platform built to change how healthcare professionals provide life-saving diagnoses and care—announced recently it has raised €4 million from Fly Ventures and Giant Ventures and announced a milestone partnership with one of Germany’s largest, most critical MVZ (Medizinische Versorgungszentrum) hospital groups.

Capitala Group: Oversubscribed Fund Closed With $1 Billion In Commitments

By Amit Chowdhry ● Mar 31, 2025

Capitala Group - a leading private markets investment firm providing capital solutions to lower middle-market companies - announce that its latest fundraise was oversubscribed with over $1 billion in commitments, including leverage, and separately managed accounts. Capitala invests debt and equity capital into small businesses located throughout the U.S.

3650 Capital: $215 Million Secured From CalSTRS And Mubadala

By Amit Chowdhry ● Mar 31, 2025

3650 Capital (3650) - a nationwide alternative commercial real estate lender, special servicer and solutions provider focused on originating, servicing and asset-managing loans and providing advisory support to global institutions - announced that it has secured $215 million in fresh capital commitments from repeat investors the California State Teachers’ Retirement System (CalSTRS) and Mubadala Investment Company. The new capital will be allocated across 3650’s lending strategies and support multiple investment products.

Plural: $6 Million (Seed) Raised For Simplifying Kubernetes

By Amit Chowdhry ● Mar 31, 2025

Plural - a next-generation Kubernetes management platform - announced it has secured $6 million in seed funding, led by Primary Venture Partners, with participation from Capital One Ventures and several New York stage firms, including Company Ventures. This brings Plural’s total funding to $12 million,n including a pre-seed round.

Connectivity Wireless: $200 Million Secured From First Citizens Bank And Post Road Group

By Amit Chowdhry ● Mar 31, 2025

Connectivity Wireless - an M|C Partners backed platform and leading provider of in-building wireless solutions - announced it has successfully secured a $110 million senior debt facility with an additional $30 million available at a later date led by First Citizens Bank. In addition, the company received a $60 million growth investment led by Post Road Group, with participation from Boundary Street Capital, further strengthening its financial position and fueling its continued venue network growth.

Lucky Beverage Company: $14.2 Million (Series A1) Raised For Better-For-You Energy Drink

By Amit Chowdhry ● Mar 31, 2025

Lucky Energy, a simpler and better-for-you energy drink, announced that it has successfully closed a $14.2 million oversubscribed Series A1 round, bringing its total funding to over $40 million. The funding round is led by Maveron, with backing from DMG Ventures, Second Sight Ventures, and existing investors: Imaginary Ventures, Brand Foundry Ventures, Sapphire Ventures, and Sugar Capital.

Crstl: Series A Funding Raised For Accelerating AI-Based B2B Commerce

By Amit Chowdhry ● Mar 31, 2025

Crstl, a platform transforming retail EDI and B2B commerce, announced an investment led by Mosaic General Partnership and Cohen Circle Fintech Ventures with participation from Shopify Ventures, the investment arm of Shopify. This funding marks a pivotal milestone in Crstl's mission to build next-generation digital infrastructure that powers seamless and scalable B2B transactions.

Hubble Therapeutics: $7.3 Million (Series A) Raised For Developing Gene Therapy Cure For LCA16

By Amit Chowdhry ● Mar 31, 2025

Hubble Therapeutics, a patient-focused biotechnology company developing a gene therapy to cure pediatric blindness, announced the closing of a $7.3 million Series A funding round, which will advance its lead candidate, HUB-101, into human clinical trials.