Archives

The Snow League: $15 Million Raised For Transforming Professional Winter Sports League

By Amit Chowdhry ● Jan 21, 2025

The Snow League, a professional winter sports league exclusively dedicated to snowboarding and freeskiing, announced a funding round of $15 million. The funding round was led by Left Lane Capital, with participation from existing investors including Will Ventures, Ares Management funds, David Blitzer’s Bolt Ventures, and Ryan Sports Ventures. And Rich Kleiman and Kevin Durant’s Boardroom Sports Holdings, Founder of League One Volleyball Peter Hirschmann and Kuvare Holdings also participated in the round.

Daash: Commerce Intelligence Platform Company Raises $5.5 Million (Second Seed)

By Amit Chowdhry ● Jan 21, 2025

Daash Intelligence, an AI-based predictive commerce intelligence platform for retail brands, announced it has secured $5.5 million in a second seed funding round, bringing its total funding to date to $8.25 million. New investor Bullpen Capital led the funding round, with participation from GFT Ventures as well as from returning investors Silicon Road Ventures and Red Bike Capital.

FIZE Medical: Fluid Management Optimization Company Raises $30 Million (Series A-4)

By Amit Chowdhry ● Jan 21, 2025

FIZE Medical, a leader in fluid management optimization, announced the closing of its $30 million Series A funding round, including a $14 million Series A-4 round led by Rapha Capital Management and its managed fund, Rapha Capital PE Life Sciences Fund VI. Joining this round is Valitas Venture Capital, known for its approach to go-to-market strategies in the healthcare sector. Also joining the round is eHealth Ventures, a strategic investor that provides access to global distribution channels, connections with key opinion leaders (KOLs), and a solid commercial network.

EMN: $5 Million (Series A) Raised For Transforming Nutrition For Surgery

By Amit Chowdhry ● Jan 21, 2025

Enhanced Medical Nutrition (EMN) - a food-as-medicine company that commercializes novel and evidence-based medical nutrition products to improve outcomes in surgery - announced a $5 million over-subscribed Series A funding round led by dsm-firmenich Venturing and the Corporate Venture Capital (CVC) arm of Ajinomoto Co., Inc. with participation from PeakBridge, Elder Ventures, angel investors and existing shareholders.

Ares Management: €30 Billion Raised For European Direct Lending Strategy

By Amit Chowdhry ● Jan 21, 2025

Ares Management, a leading global alternative investment manager, announced the final closing of its sixth commingled European direct lending fund, Ares Capital Europe VI (ACE VI). And with total commitments of €17.1 billion, the fund closed above its €15 billion target and reached its hard cap. Ares believes ACE VI is the largest institutional fund in the global direct lending market based on LP equity commitments.

Blue Wolf Capital: Three New Partners And New Promotions

By Amit Chowdhry ● Jan 21, 2025

Blue Wolf Capital Partners - a middle market private equity firm specializing in the healthcare and industrial sectors - announced new Partner appointments and several other firmwide promotions.

UniVista Insurance Raises Majority Investment At Valuation Of Over $700 Million

By Amit Chowdhry ● Jan 21, 2025

UniVista Insurance - a leading distributor of insurance products and services to Hispanic communities in Florida and Texas - announced that it received a majority investment from entities affiliated with GRAM’s Americas Buyout Fund (GRAM ABF) in a deal that values UniVista at over $700 million. UniVista’s management, employees, and current capital partner, Avance Investment Management, will retain significant stakes in the company as part of the deal.

Thrive: Cybersecurity Company Raises Strategic Funding

By Amit Chowdhry ● Jan 21, 2025

Thrive - a provider of cybersecurity, cloud, and IT managed services - announced that it has reached a definitive agreement for a strategic investment from Berkshire Partners and existing investor Court Square Capital Partners. Along with this investment, founding investor, MC Partners, will sell its remaining stake in the Company. The financial terms of the deal were not disclosed.

Sydecar: Deal Execution Company Raises $11 Million (Series A)

By Amit Chowdhry ● Jan 21, 2025

Sydecar, a platform making it simpler and more efficient for venture fund and syndicate managers to form Special Purpose Vehicles and funds by automating banking, compliance, contracts, and reporting, announced the closing of an oversubscribed $11 million Series A funding round. The funding was led by Deciens Capital, a venture capital firm that supports early-stage founders building the next generation of financial services and shaping the future of finance, with participation from Pipeline Capital Partners and Runa Capital. Sydecar has raised over $28 million since being founded, including $8.3 million in seed funding in April 2022.

Spindrift Sells Majority Stake To Gryphon Investors

By Amit Chowdhry ● Jan 21, 2025

Spindrift Beverage - a leading maker of sparkling water with real squeezed fruit - announced that Gryphon Investors will buy a majority stake in the company. And Gryphon’s partnership coincides with the appointment of beverage industry veteran Dave Burwick as Spindrift’s new CEO. Bill Creelman, Spindrift’s Founder and current CEO, will move to a new role as Chair of Spindrift’s board.

Access Healthcare Raises Growth Investment From New Mountain Capital

By Amit Chowdhry ● Jan 21, 2025

Access Healthcare, a leading technology-enabled platform for revenue cycle management (RCM), announced a strategic investment from affiliates of New Mountain Capital - which is a leading growth-oriented investment firm with approximately $55 billion in assets under management. This funding will support Access Healthcare’s next phase of growth, focusing on advancing its capabilities in artificial intelligence, workflow automation, product development, and expanding into new markets.

Bjelin Group: €200 Million Raised From Strategic Value Partners

By Amit Chowdhry ● Jan 21, 2025

Strategic Value Partners (a global alternative investment firm with approximately $19 billion of assets under management) and Bjelin Group announced the signing of an agreement where funds managed by SVP will make a €200 million preferred equity investment in Bjelin Group to facilitate its long-term growth ambitions.

Scoop Commute: Interview With CEO Jeremy Zuker About Carpooling Becoming A Top Perk For Employees

By Amit Chowdhry ● Jan 21, 2025

Scoop Commute is a complete carpooling tool that helps organizations set up carpooling programs for their employees. Pulse 2.0 interviewed Scoop Commute CEO Jeremy Zuker to learn more about the company.

Elevation Point Invests In Michigan-Based $750 Million AUM Firm Stonebrook Private

By Amit Chowdhry ● Jan 21, 2025

Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms announced its strategic investment in Stonebrook Private, based in Northville, Michigan.

Yellow Wood Partners: Kelly Downey Named As Operating Partner

By Amit Chowdhry ● Jan 21, 2025

Yellow Wood Partners, a Boston-based private equity firm specializing in investments in consumer brands and companies, announced that Kelly Downey will be an Operating Partner at the firm. Downey brings decades of expertise in driving growth and transformation within the consumer-packaged goods (CPG) industry, having held executive leadership roles across prominent global organizations.

Agiloft Buying GenAI Contract Review Company Screens

By Amit Chowdhry ● Jan 21, 2025

Agiloft, a leader in data-first contract lifecycle management (CLM), announced the acquisition of Screens, the world's first standard-based and community-supported Generative AI contract review and redlining solution. This strategic deal will enhance Agiloft's Data-first Agreement Platform and contract management capabilities by standardizing the contract review process, promoting consistency, and unlocking the value of contract data with the collective expertise of a global community of legal professionals.

Conceivable Life Sciences: $18 Million (Series A) Raised For Advancing Development Of First AI-Based Automated IVF Lab

By Amit Chowdhry ● Jan 21, 2025

Conceivable Life Sciences, a biotech company revolutionizing the future of fertility care with the end-to-end automation of the IVF lab, announced the closing of an $18 million Series A financing. ARTIS Ventures led the round with participation from new investors, including Atlantic Health Venture Studio, Muse Capital, and Scrub Capital. Existing investors include ACME Capital, Black Opal Ventures, Cadence Healthcare Ventures, Future Positive Capital, Stride.VC, and Time BioVentures. Conceivable has raised over $39 million so far.

CU Boulder, Colorado State University, Colorado School Of Mines, And Elevate Quantum Launch New Incubator

By Amit Chowdhry ● Jan 20, 2025

This year, in collaboration with Elevate Quantum, three Colorado universities have announced that a new facility for fostering quantum technologies is coming to Colorado.

Ioneer Secures $996 Million Loan From DOE

By Amit Chowdhry ● Jan 20, 2025

Ioneer announced the closing of a $996 million loan from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) under the Advanced Technology Vehicles Manufacturing (ATVM) program to support the development of an on-site processing facility at the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada.

Michigan Potash Secures $1.26 Billion Conditional Commitment For Loan Guarantee From U.S. DOE

By Amit Chowdhry ● Jan 20, 2025

The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $1.26 billion for the Michigan Potash & Salt Company to finance the construction of its project in Osceola County that is expected to create 1,400 full-time equivalent (FTE) construction jobs utilizing union labor and 200 ongoing and full-time employment to produce the mineral resource for 150+ years.

Convergent Energy And Power: $584.5 Million Guaranteed Loan From The U.S. DOE Closed

By Amit Chowdhry ● Jan 20, 2025

Convergent Energy and Power, a leading provider of energy storage solutions in North America, announced the closing of its $584.5 million guaranteed loan facility from the U.S. Department of Energy (DOE) Loan Programs Office (LPO) to build a solar photovoltaic (PV) system with an integrated battery storage system and three stand-alone battery storage systems across Puerto Rico.

Men In Blazers Media Network: $15 Million (Series A) Raised For Expanding Soccer Coverage

By Amit Chowdhry ● Jan 20, 2025

Men in Blazers Media Network, a voice in U.S. soccer media, announced the closing of a $15 million Series A fundraising round. The round is led by Avenue Sports Fund, headed by Marc Lasry, Co-Founder and CEO of Avenue Capital Group (includes athletes like Stephen Curry, Lauren Holiday, Harry Kane, Candace Parker, Michael Strahan, and Lindsey Vonn). Additional investors include Bolt Ventures, led by David Blitzer; RR McReynolds (a firm co-founded by Ryan Reynolds and Rob McElhenney); The Chernin Group (founded by Peter Chernin); Ryan Sports Ventures (the sports investment arm of the Chicago-based Ryan family) and Wheelhouse (entertainment business founded by Brent Montgomery).

Homrich Berg Closes $6.4 Billion RIA WMS Partners Acquisition

By Amit Chowdhry ● Jan 20, 2025

HB Wealth Management (HB), a leading Atlanta-based fee-only wealth advisor, announced the closing of its acquisition of WMS Partners (WMS), a $6.4 billion AUM RIA headquartered in Towson, Maryland. This strategic deal enhances HB’s family office service offerings, strengthens its presence in the mid-Atlantic region, and positions the combined firm to better serve ultra-high-net-worth families across the U.S.

Sunflower Industrial Buys Controlling Interest Of Desco Floor Systems

By Amit Chowdhry ● Jan 20, 2025

Sunflower Industrial announced the acquisition of a controlling interest in Desco Floor Systems, one of the nation’s leading commercial and industrial resinous polymer system and polished concrete installers, headquartered northeast of Indianapolis in Fortville, Indiana.

FS Vector Buys Licensing Assets of APPROVED

By Amit Chowdhry ● Jan 20, 2025

Stone-Goff Partners (SGP) - a growth-focused private equity firm specializing in tech-enabled B2B service companies - announced that its portfolio company, FS Vector (FSV), has acquired APPROVED Licensing, which is a technology-enabled licensing platform in the financial services industry.

InfoSync Services Acquired By CogentHub

By Amit Chowdhry ● Jan 20, 2025

InfoSync Services, a provider of outsourced professional services, announced its sale from Staple Street Capital to CogentHub, a global business technology solution provider.

iCapital To Buy Parallel Markets To Advance Financial Identity Platform

By Amit Chowdhry ● Jan 20, 2025

iCapital (a fintech platform driving the world’s alternative investment marketplace for the wealth and asset management industries) and Parallel Markets (a leader in reusable financial identity, providing a scalable, end-to-end solution for investor onboarding, verification, and monitoring) announced they have entered a definitive agreement under which iCapital is expected to acquire Parallel Markets.

ThoughtFocus: Sanjib Banerjee Named As Head of Global Payments

By Amit Chowdhry ● Jan 20, 2025

ThoughtFocus - a leading provider of digital services and technology-enabled operations specializing in the financial services industry - announced the appointment of Sanjib Banerjee as Head of the Global Payments Practice.

IBM To Buy Applications Software Technology

By Amit Chowdhry ● Jan 20, 2025

IBM intends to acquire Applications Software Technology, a global Oracle consultancy company. Applications Software Technology offers deep expertise in driving business transformations with Oracle Cloud Applications, including for clients in the public sector, such as local government and K-12 education.

Skor Technologies: Indonesia-Based Personal Finance Company Raises $6.2 Million (Pre-Series A)

By Amit Chowdhry ● Jan 20, 2025

Skor Technologies, the parent company of Indonesia-focused Skorlife and the new Scorecard credit card announced it had raised $6.2 million in its latest Pre-A round. Argor Capital, a Southeast Asia-focused VC, led the round. Its previous investors, QED Investors and Saison Capital, and new investor, the Digital Currency Group, also participated in the round, bringing the total capital raised to more than $12 million for the fintech company.