Archives

LeagueApps: Significant Equity Investment From Accel-KKR Signed

By Amit Chowdhry ● Oct 19, 2024

LeagueApps, a leading youth sports management platform, announced that it has received a significant equity investment from Accel-KKR. This investment by Accel-KKR will advance LeagueApps' role in offering youth and local sports organizers with the tools, partnerships, and community they need to succeed on and off the field – helping them manage and grow their clubs, tournaments, leagues, camps, and facilities.

Azra Games: $42.7 Million (Series A) Raised To Create Next-Gen Mobile Role-Playing Games

By Amit Chowdhry ● Oct 19, 2024

Sacramento-based Azra Games is a company that is dedicated to creating the next generation of mobile role-playing games (RPGs) with thrilling gameplay announced the completion of its $42.7 million Series A round. The funding round was led by Pantera Capital (Franklin Bi), with participation from a16z crypto (Arianna Simpson), A16Z GAMES (Jonathan Lai), and NFX (Gigi Levy-Weiss). And this brings Azra's total funding to date to $68.3 million.

Emerald Lake Capital Management Adds New Investment Team Members

By Amit Chowdhry ● Oct 19, 2024

Emerald Lake Capital Management announced three recent additions to the firm's investment team: Stephen Burhenn has joined from Ares Management, Derrick Lee has joined from Cinven, and Katie Slodzinski has joined from Goldman Sachs.

Gladia: AI Transcription And Audio Intelligence Company Raises $16 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Gladia, an AI-based transcription and audio intelligence provider, announced it has completed a $16 million Series A funding round. The company will use the funding to develop an end-to-end audio infrastructure, starting with a new real-time audio transcription and analytics engine (enabling voice-first platforms to deliver more value to their users across borders with AI).

Agtonomy: AI-Based Agriculture Automation Company Raises $32.8 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Agtonomy, a pioneer in AI-based automation software for agriculture and land maintenance, announced it has raised an additional $10 million to close its Series A round, bringing the total funding to $32.8 million. Leading mobility venture fund Autotech Ventures led the round. And new investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support.

Kantata Reveals General Availability Of Pulse

By Amit Chowdhry ● Oct 19, 2024

Kantata, a leading global supplier of purpose-built technology for professional services, announced the general availability of Kantata Pulse. This solution optimizes service delivery across project portfolios by infusing operational data with real-time project sentiment data.

Cresset Buying CH Investment Partners, Bringing Firm To $62 Billion In Assets

By Amit Chowdhry ● Oct 19, 2024

Cresset Asset Management announced an acquisition of CH Investment Partners, a $6.2 billion multi-family office and private investment firm serving ultra-high-net-worth families. Through this acquisition, the integrated firm will manage more than $62 billion in assets for high-net-worth and ultra-high-net-worth families.

Kestra: Funds Managed By Stone Point Agrees To Buy Majority Interest In Parent Partnership

By Amit Chowdhry ● Oct 19, 2024

Kestra Holdings announced that funds managed by Stone Point Capital (a leading private equity firm focused on global financial services and related industries) has agreed to buy a majority interest in the parent partnership of the company, replacing current partner Warburg Pincus. Private equity firm Oak Hill Capital will remain a minority owner. And the Kestra Holdings management team and a large number of Kestra-affiliated financial advisors and Bluespring-affiliated principals will retain equity positions in the company. Bluespring Wealth Partners is the acquisition arm of Kestra Holdings.

Galileo: Enterprise GenAI Evaluation And Observability Company Raises $45 Million (Series B)

By Amit Chowdhry ● Oct 19, 2024

Galileo, a leader in generative AI (GenAI) evaluation and observability for enterprises, announced it raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company's total funding to $68 million.

Monument Therapeutics: Precision Neuroscience Company Raises £1 Million

By Amit Chowdhry ● Oct 19, 2024

Monument Therapeutics, a precision neuroscience company, announced a further £1 million equity investment by the Forster Foundation, a charitable incorporated organization. This new funding builds on equity and non-dilutive funding announced in April 2024 and will support the clinical development of MT1988, a novel treatment for the cognitive symptoms of schizophrenia.

Dentons Reveals New Partners In London, Phoenix, And San Francisco

By Amit Chowdhry ● Oct 19, 2024

Dentons recently announced it has made several key hires. These are the details.

LeasePoint: $40 Million Incremental Funding Raised From Altriarch Asset Management

By Amit Chowdhry ● Oct 18, 2024

LeasePoint Funding Group announced today that it has secured $40 million of incremental funding from Altriarch Asset Management.

Eruditus: $150 Million (Series F) Raised To Make Education Accessible And Affordable

By Amit Chowdhry ● Oct 18, 2024

Eruditus, a leader in making high-quality education accessible and affordable to individuals, companies, and governments, announced today that it has raised a $150 million Series F fundraise led by TPG's The Rise Fund with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative.

MyFO: $3.5 Million (Seed) Raised For Transforming Family Office Management

By Amit Chowdhry ● Oct 18, 2024

MyFO, a fast-growing platform for family offices and the wealth management professionals who service them, announced the closing of its oversubscribed $3.5 million seed funding round, led by Rhino Ventures. The platform simplifies and organizes financial lives by creating a comprehensive family office platform consolidating data, documents, and stakeholder management. The new injection of funds will scale its operations to meet growing demand, enhance its product offerings, and expand its team.

LPL Onboards $340 Million Morristown Wealth Management And $685 Million Air Capital Teams

By Amit Chowdhry ● Oct 18, 2024

LPL Financial announced that it onboarded a couple of teams recently. This includes Morristown Wealth Management and Air Capital.

Monument Advocacy Raises Funding From Everlane Equity Partners

By Amit Chowdhry ● Oct 18, 2024

Monument Advocacy, a leading national, bipartisan government relations and public affairs firm, announced an investment by Everlane Equity Partners, a Boston-based private equity firm. This investment will enable Monument to continue offering integrated services to clients while supporting growth to deliver results in additional geographic markets and policy areas. Monument’s CEO John Murray, Founder C. Stewart Verdery, Jr., and Senior Leadership Team will continue to lead the business operations.

Ogier: Dennis Li Named As New Partner In Investments Funds Practice

By Amit Chowdhry ● Oct 18, 2024

Ogier announced it has welcomed new partner Dennis Li to its investment funds practice in Hong Kong. Li’s practice focuses on fund formation and digital assets more widely. He advises investment managers and financial institutions throughout the entire lifecycle of their fund structures, from fund formation to downstream investments and divestments, ongoing maintenance and regulatory compliance, restructuring, and dissolution.

Constellation: Interview With CTO Nauman Hafiz About The Creating Marketing Technology Company

By Amit Chowdhry ● Oct 18, 2024

Constellation is a company that is inventing the world’s first and only creative marketing technology made for highly regulated industries. And the company’s end-to-end compliance solution features built-in verticalized engines designed to streamline the creative process for many companies with an automated solution that scales creative content and the regulatory approval process. Pulse 2.0 interviewed Constellation CTO Nauman Hafiz to learn more about the company.

Denodo: Interview With Founder & CEO Dr. Ángel Viña About The Data Virtualization Company

By Amit Chowdhry ● Oct 18, 2024

Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI. Pulse 2.0 interviewed Denodo founder and CEO Dr. Ángel Viña to learn more about the company.

StrongDM: Interview With CEO Tim Prendergast About The Zero Trust PAM Company

By Amit Chowdhry ● Oct 18, 2024

StrongDM is a leader in Zero Trust Privileged Access Management (PAM). StrongDM provides a policy-based platform that enables precise control over privileged actions and grants secure, compliant, and frustration-free access to all critical infrastructure. Pulse 2.0 interviewed StrongDM CEO Tim Prendergast to learn more about the company.

Manifest: Digital Wellness Company Raises $3.4 Million

By Amit Chowdhry ● Oct 17, 2024

Manifest is a digital wellness company building products for Gen Z, which has grown in popularity for tapping into desires for personal growth in romantic relationships, career success, financial abundance, and emotional well-being. The company has raised $3.4 million in funding from a16z Speedrun, HF0, Florida Funders, Soma Capital, Stand Together Ventures Lab, Transpose Platform, 305 Ventures, Mack Ventures, and other angel investors to give Gen Z a space to proactively tackle what's in front of them and build daily habits of self-care.

SynthBee: $20 Million (Seed) Raised For Scaling Its Computing Intelligence Platform

By Amit Chowdhry ● Oct 17, 2024

SynthBee, a company building a scalable and reliable computing intelligence platform to amplify and accelerate human innovation, announced it has secured $20 million in seed funding to expand the company and build out the team around its proprietary computing intelligence platform. The funding was provided by Crosspoint Capital Partners.

Tako: AI Search Company Raises $5.75 Million (Seed)

By Amit Chowdhry ● Oct 17, 2024

Tako, an AI search engine for visualizing and sharing the world's knowledge, announced it has raised $5.75 million in a seed funding round led by Kevin Hartz at A* and Ramtin Naimi at Abstract Ventures with participation from Stanley Druckenmiller / Kevin Warsh, Gokul Rajaram, Naval Ravikant, Stan Chudnovsky, Guillermo Rauch (Vercel), Scott Belsky (Adobe), GC Lionetti (OpenAI), George Sivulka (Hebbia), Aravind Srinivas (Perplexity), Johnny Ho (Perplexity), Kanjun Qiu (Outset Ventures), Joe Montana (Liquid2 Ventures), Chase Coleman, Diogo Monica (Haun Ventures), Nathan McCauley (Anchorage Digital), Paul Yacoubian (Copy.ai), and more.

MEDiC Life Sciences: Functional Genomics Company Raises $5 Million

By Amit Chowdhry ● Oct 17, 2024

MEDiC Life Sciences, a leading functional genomics startup in Silicon Valley, announced a $5 million strategic investment from LG and Hanmi Pharmaceutical. This funding comes ahead of MEDiC’s planned Series-A round later this year. Previously, MEDiC raised $8 million in a Seed round led by a group of investors, including Illumina Accelerator, Top Harvest Capital, Primer Sazze, Big Basin Capital, First In Ventures, Valuence Ventures, Gradient, and Wing Venture Capital.

Brembo Buys Performance Suspension Technology Company Öhlins

By Amit Chowdhry ● Oct 17, 2024

Brembo has signed an agreement with Tenneco, a portfolio company of funds managed by affiliates of Apollo Global Management, for the acquisition of a 100% stake in Öhlins Racing, the leading manufacturer of premium, high-performance suspension technology for motorcycles and cars in the Original Equipment, Motorsport, and Aftermarket segments.

Renovus Capital Partners: Fourth Private Equity Fund Closed At $875 Million

By Amit Chowdhry ● Oct 17, 2024

Renovus Capital Partners - a Philadelphia-area private equity firm - announced the closing of its fourth private equity fund Renovus Capital Partners IV Core Buyout, L.P., which was significantly oversubscribed with total capital commitments of $875 million.

Omnea: Procurement Platform Company Raises $20 Million (Series A)

By Amit Chowdhry ● Oct 17, 2024

Omnea - an AI-based procurement orchestration and supplier risk management platform - announced it has raised $20 million in Series A funding to make procurement painless and give companies greater control over their spend. Accel led the funding round, with participation from existing investors First Round Capital and Point Nine, who led the previously unannounced $5 million seed round.

OroraTech: $27.3 Million (Series B) Closed To Advance Predictive AI In Wildfire Management

By Amit Chowdhry ● Oct 17, 2024

OroraTech, a leader in wildfire intelligence, announced closing its $27.3 million Series B funding round led by Korys, the European Circular Bioeconomy Fund (ECBF), and long-standing investor Bayern Kapital. This funding round will advance the next phase of OroraTech’s strategic growth, with the company further expanding key global markets and enhancing its predictive AI capabilities and orbital sensor network. Through predictive algorithm data fed by their thermal satellite network, OroraTech enables companies, organizations, and fire agencies to actively respond to the global wildfire crisis, reducing damage and saving lives.

Open Cosmos To Design And Build Platform For New Satellite To Track 10 Million Brightest Stars

By Amit Chowdhry ● Oct 17, 2024

Space technology company Open Cosmos will design and build the platform of PhotSat, which is a space mission coordinated by the Institute of Space Studies of Catalonia (IEEC) that involves the development and construction of Catalonia’s first-ever owned satellite dedicated to tracking the 10 million brightest stars and other astrophysical objects. This announcement was made during the celebration of the International Astronautical Congress, which is held from 14 to 18 October in Milan, Italy.

Allyx Therapeutics: $3.3 Million Grant Awarded From NIH

By Amit Chowdhry ● Oct 17, 2024

Allyx Therapeutics announced that it has been awarded a $3.3 million grant from the National Institutes of Health as part of its Small Business Innovation Research Commercial Readiness Pilot program. This funding round will support further investigation of Allyx’s lead clinical asset, ALX-001, a highly-selective, first-in-class, synapse-targeted, disease-modifying oral therapy in development for the treatment of Alzheimer’s disease and Parkinson’s disease.