Archives

WeaveGrid: $28 Million Raised By EV Software Company

By Amit Chowdhry ● Dec 10, 2024

WeaveGrid - a software company that enables rapid electric vehicle (EV) adoption on the electric grid - announced $28 million in funding, led by Toyota's growth fund Woven Capital. And existing investors Activate Capital, Collab Fund, Emerson Collective, and Salesforce Ventures participated, with debt provided by HSBC Innovation Banking.

Gentrace: $8 Million (Series A) Secured By GenAI Testing And Monitoring Company

By Amit Chowdhry ● Dec 10, 2024

Gentrace - a developer platform for testing and monitoring generative AI applications - announced an $8 million Series A funding round led by Matrix Partners, with participation from Headline and K9 Ventures. The funding round, bringing Gentrace's total funding to $14 million, comes as the company launches its groundbreaking tool, Experiments, enabling the first truly collaborative LLM product testing environment that extends beyond engineering teams.

Raptor Maps: $35 Million (Series C) Raised By Solar Asset Management Company

By Amit Chowdhry ● Dec 10, 2024

Raptor Maps announced an oversubscribed Series C financing round. The $35 million growth investment was led by Maverix Private Equity, with significant participation from existing investors MKB, Blue Bear Capital, Congruent Ventures, Buoyant Ventures, and Y Combinator.

Latham & Watkins: Oliver Seiler And David Rath Rejoining As Partners In Germany

By Amit Chowdhry ● Dec 10, 2024

Latham & Watkins announced that Oliver Seiler and David Rath will rejoin the firm’s Frankfurt office as partners in the Capital Markets Practice. Seiler and Rath bring a wealth of experience advising issuers, private equity sponsors, and underwriters in a broad range of domestic and international equity capital markets transactions.

Astrix Security: $45 Million (Series B) Raised To Secure Non-Human Identities

By Amit Chowdhry ● Dec 10, 2024

Astrix Security - a trusted solution for securing non-human identities (NHIs) - announced $45 million in Series B funding led by Menlo Ventures with the participation of Workday Ventures, and existing investors, Bessemer Venture Partners, CRV, and F2 Venture Capital.

Simpson Thacher: M. Kathryn Stone Named As Tax Partner In Washington, D.C.

By Amit Chowdhry ● Dec 10, 2024

Simpson Thacher & Bartlett LLP announced that M. Kathryn Stone has joined the Firm’s Washington, D.C. office as a Partner in the Tax Practice.

Guggenheim Securities: Stephen Cruise Joins Firm As Senior Managing Director

By Amit Chowdhry ● Dec 10, 2024

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced that Stephen Cruise will join the firm as a Senior Managing Director.

Google Unveils The Willow Quantum Computing Chip

By Amit Chowdhry ● Dec 10, 2024

Google’s Quantum AI founder and lead Hartmut Neven announced the company’s latest quantum chip, Willow. Willow offers high performance across several metrics, including two major achievements.

Kirkland: Matthew Bettinger And Seth Henslovitz Named As Partners To Real Estate Practice

By Amit Chowdhry ● Dec 10, 2024

Kirkland & Ellis announced that Matthew Bettinger and Seth Henslovitz have joined the firm as Real Estate Practice Group partners.

F2 Strategy: Ryan Beach Named As CEO

By Amit Chowdhry ● Dec 10, 2024

F2 Strategy - a leading wealth management technology and marketing services consultancy - announced the appointment of industry veteran Ryan Beach as chief executive officer. And the recruitment of Beach represents the latest in a series of strategic personnel additions that include Laura Korbel as president and Jay Halbert as chief financial officer.

White & Case: Emma Russell Named As Partner In London

By Amit Chowdhry ● Dec 10, 2024

Global law firm White & Case announced it has expanded its Global Debt Finance Practice, Investment Funds Practice and Global Financial Institutions Industry Group with the addition in London of funds finance partner Emma Russell.

Dentons: Kate Sullivan Morgan Rejoins As Partner In Health Care Practice

By Amit Chowdhry ● Dec 10, 2024

Dentons announced that Kate Sullivan Morgan has rejoined the firm as a partner in its Health Care practice, based in Dallas. And with nearly two decades of healthcare law experience, Morgan brings deep expertise in digital health and health insurance regulatory matters, enhancing the firm’s ability to guide clients through the complexities of a rapidly changing healthcare environment.

Norton Rose Fulbright: New Houston Office Leadership Revealed

By Amit Chowdhry ● Dec 10, 2024

Global law firm Norton Rose Fulbright announced Carter Dugan as the Houston office’s new Partner-in-Charge and Robert Morris as its Administrative Partner.

Copia Acquiring Wealth Manager Relationship App Company Kinship

By Amit Chowdhry ● Dec 10, 2024

Copia Wealth Studios - an intelligence platform providing insights on over $30 billion in assets - announced the acquisition of Kinship, a relationship management app for wealth managers, marking a significant step toward creating the first comprehensive operating system for asset owners and their managers.

Raymond James Onboards $200 Million Father-Son Advisor Team

By Amit Chowdhry ● Dec 10, 2024

Dominic Prioli, Upper Midwest regional director of Raymond James & Associates (RJA), announced it recently welcomed financial advisors Thomas Grobbel and John Grobbel to RJA in Bloomfield Hills, Michigan.

DLA Piper Reveals Appointment Of Katarzyna Jakubiak In Poland As Partner

By Amit Chowdhry ● Dec 10, 2024

Global law firm DLA Piper announced the appointment of Katarzyna Jakubiak as a partner in the firm's international Finance group. Joining from Deloitte Legal, Katarzyna is a highly respected lawyer with 16+ years of experience advising financial institutions, private equity funds and corporate entities.

SPHERE Investments: Interview With Founder, President & CEO Didier Choukroun About The Public Health Equities Firm

By Amit Chowdhry ● Dec 10, 2024

Based in Miami with offices in Paris and Madrid, SPHERE (Strategic Public Health Equities and Real Estate) is a pioneering force at the intersection of public health equities and real estate investment. With a goal of improving global public health, SPHERE represents an evolutionary approach that goes beyond traditional healthcare infrastructure, reimagining the built environment to improve communities' well-being. Pulse 2.0 interviewed Sphere Investments founder, president, and CEO Didier Choukroun to learn more about the firm.

LPL Brings In $550 Million Frontline Investment Team

By Amit Chowdhry ● Dec 10, 2024

LPL Financial announced that financial advisors Amanda Miller, Devin Richard, and Jonathan Vila, CRPC, of Frontline Investment Advisors have joined LPL Financial’s broker-dealer, aligned with existing firm GradePoint Financial. They reported having served approximately $550 million in advisory, brokerage, and retirement plan assets and joined LPL from VALIC Financial Advisors, the broker-dealer for AIG Retirement Services.

Clifford Chance: Arnaud Fromion, Frédéric Guilloux, And Philipp Girardet Named As New Partners

By Amit Chowdhry ● Dec 10, 2024

Clifford Chance announced it has named a few new partners, including Arnaud Fromion, Frédéric Guilloux, and Philipp Girardet.

Capitolis Acquires Rates Portfolio Compression Company Capitalab In $46 Million Deal

By Amit Chowdhry ● Dec 10, 2024

Capitolis - a technology company helping to create safer and more vibrant capital markets - announced the acquisition of Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, from BGC Group for $46 million. This deal will enable Capitolis, a market leader in the optimization and compression space, to offer more solutions to the industry and unlock additional innovation to address emerging client needs.

Platinum Investing In HVAC/R Distributor Global, The Source

By Amit Chowdhry ● Dec 10, 2024

Platinum Equity announced a significant investment in Global, the Source, a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing. The deal marks Platinum Equity’s second investment in the HVAC/R industry this year. And in July, the firm invested in Motors & Armatures Inc. (MARS).

H.I.G. Capital: $1 Billion Bayside Loan Opportunity Fund VII Closed

By Amit Chowdhry ● Dec 10, 2024

H.I.G. Bayside Capital—a special situations credit affiliate of H.I.G. Capital, a leading global alternative investment firm with $66 billion of capital under management—announced the final closing of H.I.G. Bayside Loan Opportunity Fund VII. The fund closed with $1 billion of aggregate capital commitments and continues the Firm’s successful strategy of investing in special situation credit opportunities in the European middle market.

Digital Health Company MiSalud Reveals $8 Million In Funding

By Amit Chowdhry ● Dec 9, 2024

MiSalud Health, a leading digital health platform providing affordable same-day bilingual telehealth consults (Spanish/English) in the U.S. and Mexico, announced that co-founder Bismarck Lepe has been appointed CEO. MiSalud Health also announced that Samsung Next participated in a recent $8 million funding round. Samsung Next was also joined by Ulu Ventures, Magnify Ventures, and Lowercase Capital.

GDS International: Series B Equity Raise Upsized To $1.2 Billion

By Amit Chowdhry ● Dec 9, 2024

GDS International GDSI) - a leading data center pioneer based in Singapore - announced that it has entered into amendments to the definitive agreements for the Series B Convertible Preferred Shares new issue initially announced on October 29, 2024, as a result of which the new issue has been upsized from $1 billion to $1.2 billion at the same pre-money equity valuation.

Orphagen Pharmaceuticals: Up To $1.7 Million NIH Funding Award Received For Advancing Inflammatory Bowel Disease Drug

By Amit Chowdhry ● Dec 9, 2024

Orphagen Pharmaceuticals - a biotech company pioneering the screening, discovery, and development of small molecule ligands that modulate orphan or unexplored members of the nuclear receptor family - announced an award of up to $1.7 million from the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) through the Small Business Innovation Research (SBIR) program. This funding will support the preclinical development of the small molecule OR-812, a selective nuclear receptor antagonist, as a novel oral therapeutic for treating ulcerative colitis and Crohn’s disease, two forms of inflammatory bowel disease (IBD).

Pixxel: Space Tech Company Raises $24 Million (Series B Extension)

By Amit Chowdhry ● Dec 9, 2024

Pixxel - a US-India-based space technology company building the world's highest-resolution hyperspectral satellite constellation - announced the closing of $24 million in additional funding as part of its Series B round. This new funding brings the total Series B funding to $60 Million. With this round, Pixxel has raised $95 million across all funding rounds.

Air Industries Group: $11 Million Contract Secured For Landing Gear Assemblies For The US Navy E-2D Advanced Hawkeye Aircraft

By Amit Chowdhry ● Dec 9, 2024

Air Industries Group, a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors, announced that it has secured a follow-on contract valued at over $11 million for landing gear assemblies for the U.S. Navy E-2D Advanced Hawkeye aircraft. And Air Industries has been a key supplier to the E-2 family of aircraft for decades, underscoring its long-standing role in supporting critical defense programs.

Solar Landscape: $847 Million Raised In Project Investment And Financing This Year

By Amit Chowdhry ● Dec 9, 2024

Solar Landscape, the nation's leading commercial and industrial rooftop solar developer, announced it has secured $847 million in project investment and financing this year. This transactional volume—the largest ever in a single year for the company—will enable Solar Landscape to deploy more than 200 commercial rooftop solar installations across the country, enough to power well over 50,000 households.

Cala Health: Bioelectronic Medicine Leader Raises $50 Million (Growth Round)

By Amit Chowdhry ● Dec 9, 2024

Cala Health - a non-invasive bioelectronic medicine leader - announced it has raised the initial closing of an oversubscribed $50 million growth round, co-led by Vertex Growth Fund and Nexus NeuroTech Ventures. And all existing Cala investors participated in the round, including Action Potential, Johnson & Johnson (through its corporate venture capital organization, Johnson & Johnson Innovation – JJDC, Inc.), Lightstone, Lux Capital, GV (Google Ventures), OSF Ventures, Ascension Ventures, TriVentures, Reimagined Ventures, Peak6 and Fiscus.

Antag Therapeutics: €80 Million (Series A) Closed To Develop Novel Treatments For Obesity

By Amit Chowdhry ● Dec 9, 2024

Antag Therapeutics - a next-generation biopharmaceutical company pioneering novel treatments for obesity - announced the closing of an €80 million Series A funding round. This round was led by Versant Ventures, with participation from Novo Holdings, SR One, Dawn Biopharma (a platform controlled by KKR), Pictet, Longview Ventures (an affiliate of Broadview Ventures), and Export and Investment Fund of Denmark (EIFO).