Archives

Limited: $3 Million (Pre-Seed) Raised To Transform Banking Through Stablecoins And Self-Custody

By Amit Chowdhry ● Feb 11, 2025

Limited, a next-generation fintech startup providing stablecoin-based premium global banking services, announced it raised a $3 million pre-seed funding round led by Third Prime, with participation from The House Fund and Arche Capital. And the company, founded by Hussein Ahmed, aims to transform how businesses and consumers worldwide interact with money by merging the best of crypto technology with the familiarity of traditional banking—minus the institutional vulnerabilities seen in failing banks or centralized exchanges.

Coral: C$4.1 Million (Seed) Raised For Women’s Digital Health Platform

By Amit Chowdhry ● Feb 11, 2025

Women’s digital health company Coral announced the completion of a C$4.1 million seed funding round and the launch of its virtual care platform. The round was led by Brightspark, with participation from Diagram and The51 and joined by high-profile angel investors.

Sardine: AI-Based Risk Platform Raises $70 Million

By Amit Chowdhry ● Feb 11, 2025

Sardine, a leading AI risk platform for fraud, compliance, and credit underwriting, announced a $70 million Series C funding round, bringing the total capital raised to $145 million. The funding round was led by Activant Capital, with participation from new and existing investors, including Andreessen Horowitz, Nyca Partners, Google Ventures, Geodesic Capital, Cross Creek Capital, Moody's Analytics, Experian Ventures, and NAventures.

Gravity Diagnostics: $5 Million Raised For Testing Solutions Platform

By Amit Chowdhry ● Feb 11, 2025

Advantage Capital (a leading impact investment firm that invests with intention in underserved areas), in partnership with the Community Development Venture Capital Alliance (CDVCA), announced a $5 million investment in Gravity Diagnostics. Based in Covington, Kentucky, Gravity Diagnostics is a clinical lab providing testing solutions in toxicology, pharmacogenetics, infectious and upper respiratory diseases, blood diagnostics, and COVID-19 testing.

Zeta: $50 Million Raised At $2 Billion Valuation For Banking Tech Platform

By Amit Chowdhry ● Feb 11, 2025

Zeta, a next-gen banking tech provider to financial institutions, announced it has secured a $50 million investment from a strategic investor valuing it at $2 billion. Zeta was previously valued at a pre-money valuation of $1.15 billion when it raised $250 million from Softbank Vision Fund 2 and several other investors in 2021.

Archer: $300 Million Raised From BlackRock To Advance Hybrid Aircraft Platform

By Amit Chowdhry ● Feb 11, 2025

Archer announced it raised $301.75 million, further helping Archer’s strong financial position and strategically positioning it to advance the development of its hybrid aircraft platform for the defense market and beyond. Some leading institutional investors participated in this financing, including funds and accounts managed by BlackRock.

TECLens: $9.3 Million (Series A) Raised For Advancing Non-Invasive Refractive Technology

By Amit Chowdhry ● Feb 11, 2025

TECLens, a clinical-stage ophthalmic medical device company, announced it raised $9.3 million in a Series A round co-led by Johnson & Johnson Innovation – JJDC Inc. and Yonjin Capital. And other investors include Rimonci Capital and Sunmed Capital. The funding is allocated to support the clinical development of the company’s non-incisional refractive correction procedure that utilizes corneal cross-linking (CXL) for reshaping the cornea.

Endera: $49 Million To Accelerate Growth In Electric Bus Market

By Amit Chowdhry ● Feb 11, 2025

Endera, a technology and manufacturing leader in the electric bus market, announced that it has secured $49 million in its latest funding round. This funding round includes a $36 million equity investment led by Magnetar, with participation from Pulse Fund — whose founder, Tenzin Seldon, has joined Endera’s board of directors — and Endera’s longtime strategic partner, Pritchard Auto Company.

Harrison.ai: $112 Million (Series C) Raised For AI-Based Medical Diagnostic Support

By Amit Chowdhry ● Feb 11, 2025

Harrison.ai, a leading global healthtech company and developer of AI-based medical diagnostic support and workflow solutions, announced the accelerated expansion of its operations into the US, which is a move supported by $112 million of Series C funding. The funding round was co-led by Aware Super, ECP, and existing investor Horizons Ventures. New investors like Australia’s National Reconstruction Fund Corporation (NRFC), Ord Minnett and Wollemi Capital Group also participated, along with existing investors including Blackbird Ventures and Alpha JWC Ventures. And Harrison.ai’s total capital raised to date exceeds $240 million.

Positron: $23.5 Million Raised For Designing Made-In-America AI Chips

By Amit Chowdhry ● Feb 11, 2025

Positron, a growing force in AI inference technology for AI computing, announced it has raised $23.5 million in funding from a group of investors, including Flume Ventures, Valor Equity Partners, Atreides Management, and Resilience Reserve.

Dentons: Richard Hong Joins As Commercial Litigation Partner In New York

By Amit Chowdhry ● Feb 11, 2025

Dentons announced that Richard Hong has joined the firm as a partner in its Commercial Litigation practice, based in New York. Hong brings over 17 years of experience as a senior trial lawyer for the US Securities and Exchange Commission (SEC), addressing high-stakes litigation across the banking, financial, securities, and digital assets industries.

Morrison Foerster: Dan Harris Arrives As Partner In ECVC Group

By Amit Chowdhry ● Feb 11, 2025

Leading global law firm Morrison Foerster announced the arrival of Dan Harris as a partner in the firm’s Emerging Companies + Venture Capital (ECVC) Group, based in its San Francisco office. Harris brings nearly two decades of experience working closely with a wide range of innovative food systems and consumer technology, consumer products, software, hardware, and marketplace-based companies throughout their lifecycles.

Closed Loop Raises Strategic Investment From Capricorn

By Amit Chowdhry ● Feb 11, 2025

Closed Loop Partners announced that investor Capricorn Investment Group made a growth investment in its asset management business: Closed Loop Capital Management. Capricorn joins existing shareholders, JS Capital, Schusterman Family Investments, and majority owner Closed Loop Partners founder and CEO Ron Gonen.

SelectQuote Reveals $350 Million Investment From Bain, Morgan Stanley, And Newlight Partners

By Amit Chowdhry ● Feb 11, 2025

SelectQuote—a leading distributor of Medicare insurance policies and owner of a rapidly growing healthcare services platform—announced that it signed a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.

Sidley: Jane Rheem Named As Chief Data And AI Officer

By Amit Chowdhry ● Feb 11, 2025

Sidley Austin announced that Jane Rheem has joined the firm as Chief Data & AI Officer. Across her 25-year career, she headed the data analytics and data science functions at multiple organizations. And more recently, Rheem was Chief Data and Analytics Officer at Zurich North America.

LPL Onboards $1 Billion Team Salient Wealth Planning Group

By Amit Chowdhry ● Feb 11, 2025

LPL Financial announced that financial advisors John P. Schlatter, CFP, Robert Rojano, Alec Hoag, CFP, and Michael Madden, CFA, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving about $1 billion in advisory, brokerage, and retirement plan assets and joined LPL from Osaic.

Sequoia Financial Buying $3.8 Billion Wealth Manager Carlson Capital

By Amit Chowdhry ● Feb 11, 2025

Sequoia Financial Group - an SEC-registered wealth manager with $22.6 billion in assets under management as of December 31, 2024, and Carlson Capital Management (CCM), a Northfield, Minnesota-based investment advisory firm with $3.8 billion in client assets as of December 31, 2024, announced they have reached an agreement for Sequoia Financial to acquire CCM. The firms expect to complete the transaction on March 31. The financial terms were not disclosed.

DLA Piper: Former FAA Chief Counsel Marc Nichols Named As Co-Chair Of Transportation Practice

By Amit Chowdhry ● Feb 11, 2025

DLA Piper announced it welcome Marc Nichols, former Federal Aviation Administration Chief Counsel, as a partner and as the Co-Chair of the Transportation Practice. He will be based in the firm’s Washington, DC, office.

Carson Group: $365 Million Team Added To Partner Network

By Amit Chowdhry ● Feb 11, 2025

Carson Group, a leading wealth advisory firm with over $40 billion in assets under management (AUM), announced a partnership with Jerod Wurm, CFP Managing Partner, Wealth Advisor, and Casey Frye, CFP, Managing Partner, Wealth Advisor, a Roseville, California–based advisory with $365 million in AUM. As part of the partnership, the firm will rebrand as Carson Wealth.

Kirkland & Ellis: Kemal Hawa Joins As Partner In Corporate Practice Group

By Amit Chowdhry ● Feb 11, 2025

Kirkland & Ellis announced that Kemal Hawa has joined the firm as a partner in the Corporate Practice Group with a focus on digital infrastructure. Hawa counsels clients in complex transactions across the digital infrastructure and telecommunications space and has extensive experience providing advice on commercial agreements.

Lynx: $27 Million Raised For Transforming Healthcare Administration And Payments

By Amit Chowdhry ● Feb 11, 2025

Lynx, a leading fintech platform that is simplifying healthcare payments and administration, announced the closing of an oversubscribed $27 million Series A funding round. The round was led by Flare Capital Partners, with participation from CVS Health Ventures, McKesson Ventures, and existing investors .406 Ventures, Obvious Ventures, and Frist Cressey Ventures. And this round brings the total funding to over $44 million since launching in 2022.

Janus Henderson’s ETF JAAA Surpasses $20 Billion In AUM

By Amit Chowdhry ● Feb 11, 2025

Janus Henderson Investors announced that its pioneering AAA Collateralized Loan Obligation ETF, Janus Henderson AAA CLO ETF (JAAA), has surpassed $20 billion in assets under management (AUM). And JAAA is the largest CLO ETF as measured by AUM and ranked first in year-to-date net flows for all active ETFs. Janus Henderson’s suite of CLO products also includes JBBB and a European CLO ETF.

LPL Financial Brings In $345 Million Team Jackson/Roskelley Wealth Advisors

By Amit Chowdhry ● Feb 11, 2025

LPL Financial announced that financial advisors Jared Roskelley, CFP, and Kyle Robertson, CFP, of Jackson/Roskelley Wealth Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving about $345 million in advisory, brokerage, and retirement plan assets and joined LPL from Ameriprise.

DevAI: $6 Million Raised For Empowering Enterprise IT With AI Agents

By Amit Chowdhry ● Feb 11, 2025

DevAI, a company building agentic AI solutions for enterprise IT teams, announced it raised $6 million in an oversubscribed seed round led by Emergence Capital. The funding round also included participation from Pear VC, Base10, and Benchstrength, and follows a $1 million pre-seed investment from Pear VC.

Berry Street: $50 Million Raised For Nutrition Counseling Platform

By Amit Chowdhry ● Feb 11, 2025

Berry Street, a leading nutrition counseling platform in the US, announced it raised $50 million in its latest funding roundz to expand its AI business-in-a-box platform, already serving thousands of dietitians and growing. The company has secured investment from Northzone, Sofina, FJ Labs, the Founder of Revolut, the Co-Founder of Spring Health, the Co-Founder of Grow Therapy, the CEO of Found, and others.

Milbank: Lisa Laukitis Named As Partner In New York

By Amit Chowdhry ● Feb 11, 2025

Milbank announced that Lisa Laukitis had joined the New York office as a partner in the Financial Restructuring Group. For 25+ years, Laukitis advised clients on all aspects of corporate restructurings. And the primary focus of her work has been representing companies in connection with their out-of-court restructurings and Chapter 11 cases.

Atomicwork: $25 Million (Series A) Raised For Agentic Service Management Solutions

By Amit Chowdhry ● Feb 11, 2025

Atomicwork, a leading innovator in agentic service management solutions for Enterprise IT, announced that it has raised $25 million for its Series A funding round. The funding round was led by Khosla Ventures and Z47, with participation from Battery Ventures, Blume Ventures, and Peak XV Partners.

Delfina: $17 Million (Series A) Raised For Transforming Maternal Health With AI-Based Proactive Care

By Amit Chowdhry ● Feb 11, 2025

Delfina Care - a healthcare technology company solving the maternal health crisis with an AI-based care system - announced the successful closing of its $17 million Series A funding round led by U.S. Venture Partners (USVP). The Series A funding round was led by U.S. Venture Partners (USVP) and it included participation from new investors ARTIS Ventures, Mayo Clinic, and Tokio Marine Future Fund. Delfina's existing investors also participated in the round, including Story Ventures, SemperVirens, Bread and Butter Ventures, Boutique Ventures, and Chelsea Clinton's Metrodora Ventures.

Paxton: $22 Million (Series A) Secured For Transforming Legal AI

By Amit Chowdhry ● Feb 11, 2025

Paxton, an AI platform transforming legal workflows, announced it closed a $22 million Series A funding round led by Unusual Ventures, alongside Kyber Knight, 25Madison, and Wisconsin Valley Ventures. This brings Paxton’s total funding to $28 million, following its $6 million seed round in 2023.

White & Case: Patrick Johnson Named As Partner In Houston

By Amit Chowdhry ● Feb 11, 2025

Global law firm White & Case announced it has expanded its Global Project Development and Finance Practice and Global Energy Industry Group with the addition of Patrick Johnson as a partner in Houston.