Archives

Wynnchurch Capital Acquires LED Components Company Principal Industries

By Amit Chowdhry ● Nov 20, 2024

Wynnchurch Capital - a leading middle-market private equity firm - announced that it has acquired Principal Industries along with Principal’s founders, Bryan and Blake Vincent, and the management team.

Mercer Advisors Acquiring Chapel & Collins, Expanding Presence In Greater Denver Area

By Amit Chowdhry ● Nov 20, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - announced the acquisition of Chapel & Collins, an RIA based in Fort Collins, Colorado. Managing about $675 million for over 500 individuals and families, Chapel & Collins specializes in serving business owners, retirees and pre-retirees, in addition to advising corporate retirement plans and providing institutional consulting services.

Stonepeak Acquiring $700 Million Private Credit Investment Firm Boundary Street Capital

By Amit Chowdhry ● Nov 20, 2024

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that it has agreed to acquire Boundary Street Capital, LP - which is a leading specialist private credit investment manager focused on the digital infrastructure, enterprise infrastructure software, and technology services sectors in the lower middle market. And Boundary Street currently has $700+ million of capital commitments.

Wayvee Analytics: Interview With Co-Founder & CPO Alex Ovcharov About The Retail Tech Company

By Amit Chowdhry ● Nov 20, 2024

Wayvee Analytics is a retail tech company that is offering an innovative solution for real-time Customer Satisfaction (C-SAT) and engagement monitoring in brick-and-mortar stores. Pulse 2.0 interviewed Wayvee Analytics Co-Founder and Chief Product Officer Alex Ovcharov to learn more about the company.

Growth Catalyst Partners Buys Technology And Science Strategy Group InspiredMinds!

By Amit Chowdhry ● Nov 20, 2024

Growth Catalyst Partners - a US-based private equity firm focused on investing in information, marketing, and tech-enabled services - announced the acquisition of U.K.-based InspiredMinds! InspiredMinds! is a rapidly growing and award-winning global technology and science strategy group at the center of the AI healthcare markets.

JobGet Buys Snagajob, Bringing Reach To Over 100 Million Hourly Workers

By Amit Chowdhry ● Nov 19, 2024

JobGet, a leading app-first job platform for hourly workers, announced the acquisition of Snagajob. This deal expands JobGet’s reach to over 100 million hourly workers, covering nearly the entire hourly workforce in the US.

XP Health: Interview With Co-Founder & CEO Antonio Moraes About The Vision Care Platform

By Amit Chowdhry ● Nov 19, 2024

XP Health is a digital-first vision platform focused on eye exams and eyewear, using customer-centric design and technology to make high-quality vision care more affordable, accessible, and provide a better member experience. Pulse 2.0 interviewed XP Health CEO and co-founder Antonio Moraes to learn more about the company.

Refactor: Interview With Solo Capitalist Zal Bilimoria About The Early-Stage Investment Firm

By Amit Chowdhry ● Nov 19, 2024

Refactor is a venture capital firm focused on early-stage investments in companies in bio, climate, and hard tech innovation. Pulse 2.0 interviewed Refactor Solo Capitalist Zal Bilimoria to learn more about the company.

RIIG: $3 Million (Seed) Raised To Protect Organizations From Cyber Threats

By Amit Chowdhry ● Nov 19, 2024

RIIG, a risk intelligence and cybersecurity solutions provider, announced that it has closed a $3 million seed funding round. Led by the Felton Group—the family office of Charlottesville-based hedge fund manager Jaffray Woodriff—this funding round will accelerate the development and launch of RIIG's AI-powered solutions, expand client support, and grow its sales and marketing teams.

Robinhood To Buy RIA Management Platform Company TradePMR In $300 Million Deal

By Amit Chowdhry ● Nov 19, 2024

Robinhood Markets agreed to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). With 25+ years in the industry and over $40 billion in assets under administration, TradePMR will enhance Robinhood’s customer offerings by delivering a top-ranked RIA custody and portfolio management platform that connects financial advisors to a new generation of investors.

Jersey Mike’s: Deal Signed With Blackstone For A Reported $8 Billion

By Amit Chowdhry ● Nov 19, 2024

Jersey Mike’s Subs, a leading franchisor of fast-casual submarine sandwich stores known for fresh grilled subs, announced it has reached an agreement under which private equity funds managed by Blackstone – led by Blackstone’s most recent flagship private equity vehicle – will buy a majority ownership position in Jersey Mike’s. While the official figure was undisclosed, sources with The Wall Street Journal reported the deal was valued at $8 billion.

Matador Network: Interview With CEO Ross Borden About The Travel Adventure Brand

By Amit Chowdhry ● Nov 19, 2024

Matador Network is the world's number-one media brand for modern adventurers. With over 16 million followers across social media, Matador has become a leading travel brand through its production of article features, city guides, creator-first content, and original videos. It also launched the free AI travel genius GuideGeek last year. Pulse 2.0 interviewed Matador Network CEO Ross Borden to learn more about the company.

Iveda: Interview With CEO & Founder David Ly About The Smart City Digital Transformation Company

By Amit Chowdhry ● Nov 19, 2024

Vatn Systems: Defense Technology Company Raises $13 Million (Seed)

By Amit Chowdhry ● Nov 19, 2024

Vatn Systems - a leading defense technology company building autonomous underwater vehicles for the US military and allies - announced it has raised an oversubscribed $13 million seed round, bringing total funding to $16.5 million. The funding round was led by DYNE Ventures with participation from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures, and existing investors that include Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point.

Writer: Enterprise-Focused Generative AI Platform Raises $200 Million (Series C) At $1.9 Billion Valuation

By Amit Chowdhry ● Nov 19, 2024

Writer, a full-stack generative AI platform for the enterprise, announced $200 million in Series C venture funding at a $1.9 billion valuation. The funding round was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Existing investors Accenture, Balderton, Insight Partners, and Vanguard supported the funding round.

Shiru: Ingredient Discovery Company Raises $16 Million

By Amit Chowdhry ● Nov 19, 2024

Shiru - a pioneer in AI-based ingredient discovery - announced it has secured a $16 million investment round as it leads a revolution in how ingredients are discovered and developed across multiple industries.

ScaleOps: Cloud Resource Management Company Secures $58 Million (Series B)

By Amit Chowdhry ● Nov 19, 2024

ScaleOps, a leader in real-time automated cloud resource management, announced $58 million in Series B funding led by Lightspeed Venture Partners. Returning investors NFX and Glilot Capital Partners and new investor Picture Capital participated in the round, which comes just one year after its series A and follows tremendous business growth for the company. The round brings the company's total funding to $80 million.

Fort Health: $5.5 Million Raised For Expanding Mental Health Care Services

By Amit Chowdhry ● Nov 19, 2024

Fort Health, a leader in integrated behavioral health, announced that it has raised $5.5 million to expand mental health care to more pediatricians' offices. Twelve Below and Vanterra led this funding round, bringing the total amount raised to $16 million.

ANELLO Photonics: Optical Gyroscope Company Raises Series B

By Amit Chowdhry ● Nov 19, 2024

ANELLO Photonics, the creator of the Silicon Photonic Optical Gyroscope (SiPhOG), announced the closing of a Series B funding round, evidencing investor confidence in the company's approach to inertial navigation in GPS-denied environments. The funding was co-led by Lockheed Martin, Catapult Ventures, and One Madison Group. Additional investors included New Legacy, Build Collective, Trousdale Ventures, In-Q-Tel (IQT), K2 Access Fund, Purdue Strategic Ventures, Santuri Ventures, Handshake Ventures, Irongate Capital, and Mana Ventures.

CommBox: AI-Based Customer Experience Company Raises $15 Million (Growth)

By Amit Chowdhry ● Nov 18, 2024

CommBox, a leading enterprise-grade omnichannel AI-based customer experience platform, announced the completion of a $15 million growth investment round from PSG Equity - which is a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to help navigate and capitalize on transformational growth.

OneCompass Strategically Invests In Evolve Global Logistics

By Amit Chowdhry ● Nov 18, 2024

OneCompass Holdings announced a strategic investment in Evolve Global Logistics (EGL), a minority-owned logistics company based in Columbus, Ohio. This funding strengthens Evolve's position in the logistics sector, as it works with leading corporations across various industries.

X-Caliber: Direct Commercial Real Estate Lender Raises $26.3 Million

By Amit Chowdhry ● Nov 18, 2024

X-Caliber Holdings—a national direct commercial real estate lender focused on impact lending—announced it closed $26.3 million in financing with its first Rural PACE-X transaction for the ground-up construction of a new hotel in Silverthorne, Colorado. Upon completion, the 111-room hotel will be a Holiday Inn Express brand under IHG Hotel & Resorts and is being developed by sponsor REV Development.

ATB Therapeutics: Biologics Company Raises €54 Million (Series A)

By Amit Chowdhry ● Nov 18, 2024

EQT Life Sciences announced that its LSP 7 fund has invested in ATB Therapeutics. The €54 million Series A funding round aims to accelerate the clinical development of a therapeutic antibody pipeline derived from its proprietary ATBioFarm platform. The funding was co-led by EQT Life Sciences and MRL Ventures Fund (a corporate venture arm of Merck), along with contributions from V-Bio, VIVES Partners, the Belgian sovereign fund SFPIM, Wallonie Entreprendre, Sambrinvest, and existing investors.

Bain Capital: Global Special Situations Fund Closed At $9 Billion

By Amit Chowdhry ● Nov 18, 2024

Bain Capital announced it completed fundraising for its latest Global Special Situations Fund, bringing the total amount raised for its second vintage of funds to $9 billion. This capital base includes Global Special Situations Fund II, which received $5.7 billion in total commitments, including co-investments and separately managed accounts, and $3.3 billion from the firm’s previously closed Special Situations Asia and Europe regional funds. This fundraising sets up Bain Capital as one of the largest special situations investors in the world.

TECfusions: Over $300 Million Loan Agreement Signed For Accelerating Virginia Data Center

By Amit Chowdhry ● Nov 18, 2024

TECfusions, a growing provider of advanced data center solutions, announced that it secured over $300 million to develop and expand its Clarksville, Virginia, site. This milestone demonstrates the company's innovative approach to data center development and ability to turn demand into tangible results.

Moonvalley: $70 Million Secured To Build Generative AI Creative Models

By Amit Chowdhry ● Nov 18, 2024

Moonvalley, a leading imagination research company that is building generative AI creative models and tools, announced today it has raised $70 million in funding to date. This funding will propel the development of AI tools and models designed to enhance trust, transparency, and efficiency within the media industry.

ChapsVision: AI-Based Data Processing Company Raises $90 Million And Buys Sinequa

By Amit Chowdhry ● Nov 18, 2024

ChapsVision, a leader in AI-based data processing, announced the acquisition of Sinequa - which is an AI-based enterprise search and Retrieval-Augmented Generation (RAG) company. And this strategic acquisition, combined with a new $90 million (€85 million) investment led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital, and Jolt Capital, accelerates ChapsVision’s growth, strengthens its global presence, and expands technology capability.

Quanta Dialysis Technologies: Kidney Care Company Closes Over $60 Million (Series E Preferred Stock)

By Amit Chowdhry ● Nov 18, 2024

Quanta Dialysis Technologies, a leader in transforming kidney care through its Quanta Dialysis System, announced it has closed its oversubscribed Series E Preferred Stock financing round, raising more than $60 million of additional capital.

Ecore: Strategic Investment Raised From General Atlantic To Transform Reclaimed Rubber Materials Into Better Products

By Amit Chowdhry ● Nov 18, 2024

Ecore International - a global leader in circularity transforming reclaimed rubber materials into high-performance products that drive sustainability and reduce environmental impact - announced it has received a minority growth investment from General Atlantic through the firm’s BeyondNetZero climate growth fund.

myBiometry: Asthma And COPD Diagnostic Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 18, 2024

Biometry, an asthma and COPD diagnostic and remote monitoring company, announced that it has raised $5 million in an oversubscribed seed funding round. The funding round was led by Dexcom Ventures, with participation from CareSource Indiana, Elevate Ventures, and other investor groups.