Archives

Modern Wealth To Buy Kaye Capital And Pass $8.5 Billion AUM

By Amit Chowdhry ● Jul 13, 2025

Modern Wealth Management has acquired Kaye Capital Management (KCM), a California-based, fee-only RIA with $700+ million in assets under management (AUM) and an additional $300 million in assets under advisement (AUA). This acquisition brings Modern Wealth's total AUM to $8.5+ billion and is its fourth acquisition of 2025.

Aspen Standard Acquiring $880 Million Firm SKY Investment

By Amit Chowdhry ● Jul 13, 2025

Aspen Standard Wealth, a firm specializing in long-term partnerships with independent advisory firms, has announced its acquisition of SKY Investment Group. Based in Hartford, Connecticut, SKY Investment Group is a Registered Investment Advisor (RIA) with $880 million in assets under management (AUM).

Datafy: $20 Million Funding Raised For Autonomous Storage Optimization

By Amit Chowdhry ● Jul 13, 2025

Autonomous storage optimization startup Datafy announced it had raised new funding, bringing the total investment to $20 million. The round was led by Bessemer Venture Partners, with participation from existing investor Insight Partners, with the primary goal of accelerating the company's growth in the U.S.

Bilt: $250 Million Raised At $10.75 Billion Valuation For Rent Payment Platform

By Amit Chowdhry ● Jul 13, 2025

Bilt CEO and founder Ankur Jain announced that the company has raised $250 million in funding at a valuation of $10.75 billion. General Catalyst and GID led the funding round with further investment from United Wholesale Mortgage.

F2 Strategy To Buy Aliter Investment Services

By Amit Chowdhry ● Jul 13, 2025

F2 Strategy, a wealth management technology and marketing services company, has acquired Aliter Investment Services, a firm specializing in operations and technology transformation for investment managers and asset servicing providers.

Merck To Buy Verona Pharma In $10 Billion Deal

By Amit Chowdhry ● Jul 13, 2025

Merck has reached a definitive agreement to acquire Verona Pharma, a biopharmaceutical company focused on respiratory diseases, for $107 per American Depository Share (ADS), totaling about $10 billion. Each ADS represents eight ordinary shares of Verona Pharma.

LPL Brings In $870 Million Team Narmi Group

By Amit Chowdhry ● Jul 13, 2025

LPL Financial announced that advisors Charlie Narmi and Theresa Rynaski, CFP, have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch The Narmi Group Investment Management. They manage approximately $870 million in advisory, brokerage, and retirement plan assets and previously worked at Baird.

Procyon Acquiring $600 Million Firm Wooster Corthell Wealth

By Amit Chowdhry ● Jul 13, 2025

Procyon, an independent registered investment advisory firm, has acquired Wooster Corthell Wealth Management, a Connecticut-based firm managing about $600 million in client assets. This deal enhances Procyon’s northeastern presence and increases its total assets under management to around $8 billion.

BlueFive Capital: $2 Billion GCC Private Equity Fund Raised

By Amit Chowdhry ● Jul 13, 2025

BlueFive Capital announced that it raised the BlueFive Reef Private Equity Fund I. This $2 billion fund is registered with the Abu Dhabi Global Market (ADGM) and targets large-cap GCC private equity investments.

Corsha: Funding Raised From Booz Allen For Enhancing U.S. Critical Infrastructure

By Amit Chowdhry ● Jul 13, 2025

Booz Allen Ventures has invested in Corsha, a Machine Identity Provider (mIDP) focused on securing communication for operational systems and critical infrastructure. This funding will help enhance U.S. defenses against sophisticated cyberattacks.

Carson Group Onboards $608 Million Team Aveo Capital

By Amit Chowdhry ● Jul 13, 2025

Carson Group, a leading wealth advisory firm with more than $42 billion in assets under management, has decisively acquired Aveo Capital, a wealth advisory firm based in Englewood, Colorado, managing around $608 million in assets. Aveo Capital will be rebranded as a Carson Wealth location.

Datavant: Acquisition Of Aetion Completed

By Amit Chowdhry ● Jul 13, 2025

Datavant has completed its acquisition of Aetion, an innovator in real-world evidence (RWE) that assists in healthcare decision-making. Aetion is now part of Datavant’s Life Sciences division.

Pretzel Therapeutics: Investment Raised From The Mito Fund

By Amit Chowdhry ● Jul 13, 2025

The United Mitochondrial Disease Foundation's venture philanthropy arm, The Mito Fund, has invested in Pretzel Therapeutics, a Massachusetts company with research facilities in Mölndal, Sweden, focused on using cellular energetics to improve survival and quality of life for various conditions.

Unblock: $13.5 Million Raised For Converting Wasted Energy To Computing Power

By Amit Chowdhry ● Jul 13, 2025

Unblock, an energy infrastructure company that converts stranded energy into computing power, announced it has secured $13.5 million in funding led by Goldcrest Capital and Collaborative Fund. This round also includes investments from Pampa Energía, Grupo Sielecki, FJ Labs, NYDIG, Luxor Technology, Sunna Ventures, and several Latin American entrepreneurs.

Moment: $36 Million Series B Closed For Automating Fixed Income

By Amit Chowdhry ● Jul 13, 2025

Moment, a company that automates trading and portfolio management for fixed income teams, has raised $36 million in Series B funding led by Index Ventures, bringing its total funding to $56 million.

ServiceUp: $55 Million Series B Secured For Vehicle Repair Management Platform

By Amit Chowdhry ● Jul 12, 2025

ServiceUp is a company transforming vehicle repair management for fleets and insurance companies. The company recently raised $55 million in Series B funding, led by PeakSpan Capital, bringing its total funding to $70 million.

Lydian Energy: $233 Million Financing Raised For Advancing Battery Storage Projects

By Amit Chowdhry ● Jul 12, 2025

Lydian Energy, an independent power producer, announced it has secured $233 million in institutional project financing for three battery energy storage system (BESS) projects in Texas, backed by ING and KeyBank.

Valante Capital: Ascend Fund II Launched With $115 Million First Close

By Amit Chowdhry ● Jul 12, 2025

Valante Capital (the PE division of IDC Network), which manages $2.7 billion in assets, announced the first closing of Ascend Fund II, a $250 million private equity fund aimed at expanding consumer and retail platforms in Latin America and select U.S. companies with a Latin American presence.

Alpaca Real Estate: $250 Million Industrial Venture Formed

By Amit Chowdhry ● Jul 11, 2025

Alpaca Real Estate (ARE) has initiated a $250 million industrial strategy centered on infill logistics properties in high-growth markets across the Southeast and Southwest U.S.

MaintainX: $150 Million Secured At $2.5 Billion Valuation For Machine Health Monitoring Platform

By Amit Chowdhry ● Jul 11, 2025

MaintainX, a leading maintenance and asset management platform, announced $150 million in Series D funding. Key investors in this funding round include Bessemer Venture Partners, Bain Capital Ventures (BCV), D. E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, and Fifth Down Capital, and angel investors Rahul Mehta, co-founder of DST Global, and Dave McJannet, CEO of Hashicorp, and others. This investment brings the total funding raised to $254 million while reaching a new valuation of $2.5 billion.

QuiX Quantum: Over $17 Million Raised For Universal Photonic Technology

By Amit Chowdhry ● Jul 11, 2025

QuiX Quantum, a Dutch photonic quantum computing innovator, announced it has secured over $17 million (USD) in Series A funding to deliver the world's first single-photon-based universal quantum computer in 2026. The funding round was co-led by Invest-NL and EIC Fund, with participation from existing investors PhotonVentures, Oost NL, and FORWARD.one. The Series A funding round was preceded by an award from the European Innovation Council (EIC) Accelerator program, an initiative of the European Commission supporting companies that create and disrupt markets with their transformative technologies.

INSHUR: $35 Million Growth Capital Raised From Trinity Capital

By Amit Chowdhry ● Jul 11, 2025

Trinity Capital committed $35 million to INSHUR, an innovative insurance provider for the on-demand economy. Operating globally, INSHUR offers commercial insurance for drivers, fleet operators, and delivery platforms, recently surpassing 1 million policies in the U.K.

HiringBranch: Interview With Co-Founder And CEO Stephane Rivard About The Skills Assessment Company

By Amit Chowdhry ● Jul 11, 2025

HiringBranch is a company that uses responsible native AI to measure skills by role through tailored, open-ended voice and chat conversations with 98% accuracy. Pulse 2.0 interviewed HiringBranch co-founder and CEO Stephane Rivard to learn more about the company.

RealSense: AI-Based Computer Vision Company Raises $50 Million Series A

By Amit Chowdhry ● Jul 11, 2025

RealSense, a leader in AI computer vision, spun out from Intel and closed a $50 million Series A led by a private equity firm, with investors like Intel Capital and MediaTek Innovation Fund. Now as an independent company, it focuses on AI, robotics, biometrics, and computer vision.

AirMDR: $15.5 Million Seed Round Secured For Managed Detection and Response Platform

By Amit Chowdhry ● Jul 11, 2025

AI-native Managed Detection and Response (MDR) company AirMDR announced a $15.5 million seed round for R&D and AI analysts, plus an additional $10.5 million to scale sales and marketing for enterprise and SMB sectors underserved by current MDR offerings. Race Capital led the funding round with participation from Foundation Capital and Storm Ventures.

Spacelift: $51 Million Series C Raised To Transform Enterprise Infrastructure Automation

By Amit Chowdhry ● Jul 11, 2025

Leading infrastructure platform Spacelift announced it secured $51 million in Series C funding, led by Five Elms Capital, with participation from Endeavor Catalyst and Inovo VC.

Rittenhouse Ventures: Over $75 Million In AUM Following Fund III Closing

By Amit Chowdhry ● Jul 10, 2025

Rittenhouse Ventures, a firm with over 15 years of experience backing the country’s top early-stage software founders, announced the closing of Fund III. This new fund will build on the firm’s strong track record of investing in capital-efficient, innovative B2B software, AI, and tech-enabled services companies, with a focus on the Mid-Atlantic and other underserved regions across the United States.

Ferrero To Buy Kellogg In $3.1 Billion Deal

By Amit Chowdhry ● Jul 10, 2025

Ferrero Group and WK Kellogg announced that they will finalize an agreement under which Ferrero will acquire WK Kellogg for $23 per share, totaling an enterprise value of $3.1 billion.

Credent Wealth Onboards $420 Million Michigan-Based Firm TFG Advisors

By Amit Chowdhry ● Jul 10, 2025

CX Institutional, a fee-only RIA in Indiana, acquired TFG Advisors, a Michigan-based firm with about $420 million in AUM. This marks Credent's second and third Michigan offices, bringing its total AUM close to $4 billion and reinforcing its Midwest presence.

Flatrock: Interview With CEO Nicholas Burnett & COO Carrie Aldrich About Helping Those With Disabilities

By Amit Chowdhry ● Jul 10, 2025

Flatrock offers fully integrated adult foster care for vulnerable members of our community with disabilities, providing a home, support, inspiration, and a welcoming environment to thrive. The organization’s fully integrated services include 24-hour staffing, counseling, medical care, occupational therapy, and case management, as well as compassionate residential care in a family setting. Pulse 2.0 interviewed Flatrock CEO Nicholas Burnett and COO Carrie Aldrich to learn more about the company.