Archives

Sanctuary Wealth Adds $400 Million TOVA Team

By Amit Chowdhry ● Sep 7, 2024

Sanctuary Wealth announced it has welcomed TOVA Wealth, a Wilmington, North Carolina, practice with over $400 million in client assets. The firm is led by its founder and Managing Partner Katie Medina, CFP, CRPC. And also on the team are advisors Michael Tunney and Eric Starkey, CFP, CRPC, and client associate Amy Kepler.

Bedrock Security: Interview With Co-Founder & CTO Pranava Adduri About This Frictionless Data Security Company

By Amit Chowdhry ● Sep 7, 2024

Bedrock Security is a frictionless data security company transforming data security in the cloud and GenAI era with its leading data security platform, powered by the industry’s only AI Reasoning Engine (AIR). Pulse 2.0 interviewed Bedrock Security’s co-founder and CTO Pranava Adduri to learn more about the company.

Butlr: MIT Media Lab Physical AI Spinout Company Raises $35 Milllion (Series B)

By Amit Chowdhry ● Sep 7, 2024

Physical AI (PAI) startup company Butlr announced $38 million in Series B funding to meet the increasing demand for its sensors and anonymous data, which can be used in any building to understand better how humans interact in a space. So far, the company has raised $68 million from investors, including Foundry, Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.

Gibson Dunn: Private Equity Partner Will Summers Joins London Office

By Amit Chowdhry ● Sep 7, 2024

Gibson Dunn announced that Will Summers has joined the firm’s London office as a partner in its Private Equity Practice Group. The group will also be joined in London by of counsel, Michael Skouras.

Cobre: Corporate Treasury And Payments Platform Raises $35 Million (Series B)

By Amit Chowdhry ● Sep 7, 2024

Cobre, a Colombia-based treasury platform powering top Latin American CFO offices since 2020, announced that it secured $35 million in Series B funding led by Oak HC/FT. And existing investors Kaszek, QED and Canary also participated in the round.

Portex: $6.25 Million (Seed) Closed For Automating Freight Management

By Amit Chowdhry ● Sep 6, 2024

Portex, a tool that allows shippers to handle everything related to freight management in one place, announced $6.25 million in seed funding. Footwork led the round, which was joined by Cowboy Ventures and existing investors Susa Ventures and Base 10.

Mantel: Carbon Capture Company Closes $30 Million (Series A)

By Amit Chowdhry ● Sep 6, 2024

Mantel Capture, a technology provider of a carbon capture system using molten borates, announced it has raised $30 million in Series A funding co-led by Shell Ventures and Eni Next. And additional participating investors include Engine Ventures, New Climate Ventures, Hartree, bp Ventures, Arosa Ventures, Vale Ventures, Newlab, MCJ Collective, and others.

HDAX Therapeutics: $3.2 Million (Seed) Raised To Develop Therapeutics For Unmet Medical Needs

By Amit Chowdhry ● Sep 6, 2024

HDAX Therapeutics, a biotechnology company pioneering a novel approach to targeting HDAC6 to discover and develop breakthrough therapeutics for high unmet medical needs, announced the first closing of an oversubscribed $3.2 million (CA$4.3 million) seed round. The funding was led by SeedFolio, FACIT, and Toronto Innovation Acceleration Partners (TIAP), with participation from Eos Bioinnovation, Ontario Centre of Innovation (OCI), and other investors.

CytoTronics: Cell Biology Discovery Tech Company Raises $13.5 Million (Seed Extension)

By Amit Chowdhry ● Sep 6, 2024

CytoTronics, a pioneer of semiconductor-based platforms for discovery in cell biology, announced a $13.5 million seed extension financing and the appointment of Sameer Rohatgi of LYFE Capital to their Board of Directors.

24M: Energy Storage Company Raises $87 Million (Series H Preferred Stock) At $1.3 Billion Valuation

By Amit Chowdhry ● Sep 6, 2024

24M announced it has closed an $87 million investment round. This Series H Preferred Stock funding led by Nuovo+, a 24M strategic partner and licensee, values the company at $1.3 billion post-money.

Aztec Group: Warburg Pincus Joins As Strategic Partner

By Amit Chowdhry ● Sep 6, 2024

Aztec Group—a leading international fund and corporate services provider—announced it has welcomed Warburg Pincus as a strategic partner. This will make Warburg Pincus a minority shareholder and key company client.

WOMBO: Consumer AI Application Company Raises $9 Million

By Amit Chowdhry ● Sep 6, 2024

WOMBO, a leader in consumer AI applications, announced it has secured $9 million in its latest funding round. The funding was led by Round13 Digital Asset Fund, with participation from NVIDIA, CoreWeave, SBI, Web3.com, and others.

Thera: Payroll And Payments Platform Company Raises $4 Million (Seed)

By Amit Chowdhry ● Sep 6, 2024

Leading payroll and payments platform Thera has announced that it has raised a $4 million seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. And notable angels in the round include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon, and Bobby Matson. The company will use the funding to accelerate its growth by further developing its platform and expanding the team in NYC.

Latham & Watkins: Joe Zujkowski Named As Partner At New York Office

By Amit Chowdhry ● Sep 6, 2024

Latham & Watkins announced that Joe Zujkowski has joined the firm’s New York office as a partner in the Restructuring & Special Situations Practice. Zujkowski represents debtors, ad hoc creditor groups, and individual creditors in in-court and out-of-court restructurings and in executing complicated financing transactions.

Drip Capital: Trade Finance Platform Raises $113 Million

By Amit Chowdhry ● Sep 6, 2024

Drip Capital, a leading digital platform for trade finance, announced it has secured $113 million in new funding. And this includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank.

The Demex Group: Reinsurance Solution Company Raises $10.25 Million (Series A)

By Amit Chowdhry ● Sep 6, 2024

The Demex Group, which is a risk analytics and intelligence company that facilitates innovative stop-loss reinsurance protection, announced it has raised $10.25 million through a Series A and previously closed SAFE funding round led by Congruent Ventures and included Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.

Weil: Luke Laumann Named As Partner In Private Equity Team

By Amit Chowdhry ● Sep 6, 2024

International law firm Weil, Gotshal & Manges LLP announced that private equity dealmaker Luke Laumann has joined the firm as a partner in the U.S. Private Equity Group, based in the firm’s New York office.

Sedric AI: $18.5 Million (Series A) Closed To Advance Compliance Platforms For Financial Institutions

By Amit Chowdhry ● Sep 6, 2024

Sedric AI, a pioneering compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. This funding round - which was led by Foundation Capital with participation from Amex Ventures - brings the total amount raised by the company to date to $22 million. This funding will be used to grow Sedric's AI lab in Tel Aviv and expand its global go-to-market teams.

Switch Bioworks: $17 Million (Seed) Raised To Develop New Biological Fertilizer Technology

By Amit Chowdhry ● Sep 6, 2024

Switch Bioworks, a biotechnology company that is developing low-cost and sustainable fertilizers, announced it raised $17 million in Series Seed financing led by Change Forces Capital and joined by Grantham Foundation, Astanor Ventures, Acre Venture Partners, Anthos Capital, Thia Ventures, Emerson Collective, the farmer-led Ag Ventures Alliance and others.

Sidley: Jon Dean Named As Commercial Litigation Partner In LA

By Amit Chowdhry ● Sep 6, 2024

Calyxia: B2B Cleantech Company Raises $35 Million (Series B)

By Amit Chowdhry ● Sep 6, 2024

Calyxia, an industrial B2B cleantech company specializing in advanced and biodegradable microcapsules and microparticles for use in consumer goods, crop protection and advanced materials, announced that it has raised $35 million in a Series B funding round. The funding round was led by Lombard Odier Investment Managers, through its Plastic Circularity Fund and Bpifrance, through its Large Venture Fund, with strong support from existing investors including Astanor.

3DEO: $3.5 Million Strategic Investment Raised From Mizuho Bank

By Amit Chowdhry ● Sep 6, 2024

Los Angeles-based design, engineering, and metal additive manufacturing (AM) leader 3DEO announced a strategic investment from Mizuho Bank, a Japan-headquartered global financial institution committed to fostering innovation and sustainability. This funding emphasizes Mizuho's dedication to advancing the adoption of AM technologies and supporting 3DEO's efforts to unlock new product design and development opportunities.

A&O Shearman: Dan Graham And Paul Dunbar Added To London Office

By Amit Chowdhry ● Sep 6, 2024

A&O Shearman announced the addition of Dan Graham and Paul Dunbar to the Private Equity and M&A practice in London. And Dan and Paul have joined a team of over 200 partners who work with private capital investors in the U.S., the U.K., EMEA, and APAC.

Faraday Future: $30 Million In Financing Commitments Revealed

By Amit Chowdhry ● Sep 6, 2024

Faraday Future, a California-based global shared intelligent electric mobility ecosystem company, announced that it has secured $30 million in financing commitments from investors in the Middle East, the United States, and Asia. The participation from a Middle East investor, Master Investment, an investment firm of Sheikh Abdulla Al Qassimi from Ras Al Khaimah, the UAE represents a significant milestone, emphasizing the company’s successful expansion and development efforts in the region.

OrsoBio: $67 Million (Series B) Secured To Develop Treatments For Obesity

By Amit Chowdhry ● Sep 6, 2024

OrsoBio - a clinical-stage biopharmaceutical company developing treatments for obesity and obesity-associated disorders - announced the closing of an oversubscribed $67 million Series B financing. The funding was co-led by new investors Ascenta Capital and Woodline Partners, with significant participation from existing investors Samsara Biocapital, Longitude Capital, Enavate Sciences, NuevaBio, and Eli Lilly.

DLA Piper: Stuart Walsh And Clara Boyd Added To London Tax Practice

By Amit Chowdhry ● Sep 6, 2024

DLA Piper announced it has appointed Stuart Walsh and Clara Boyd, as partner and legal director respectively, in its London tax practice.

Agree: $3 Million (Pre-Seed) Raised To Transform How Contracts And Payments Come Together

By Amit Chowdhry ● Sep 6, 2024

Agree, an all-in-one agreements platform that seamlessly integrates money movement, announced a $3 million pre-seed round. Better Tomorrow Ventures led the funding round, which included participation from 8-Bit Capital, Everywhere Ventures, Expedite Ventures, Firsthand Alliance, Hustle Fund, NEA, Singh Capital Partners, and Trust Fund. With this funding, the company aims to become an end-to-end agreements platform that allows consumers to securely send, sign, and automatically generate invoices and payments from any agreement.

Inventive AI: RFP Optimization Platform Raises $4 Million (Seed)

By Amit Chowdhry ● Sep 6, 2024

Inventive AI, an AI-based tool for streamlining and optimizing RFP (Request for Proposal) and sales questionnaire workflows, announced the successful closure of its seed funding round, raising $4 million. Sierra Ventures led this funding round, which included Y Combinator, SOMA Capital, and General Catalyst. The funding will accelerate Inventive AI's goal of enhancing RFP processes through generative AI, empowering businesses to respond more effectively and efficiently to RFPs and questionnaires.

Baker McKenzie Grows Singapore Team With New Hires

By Amit Chowdhry ● Sep 6, 2024

Baker McKenzie Wong & Leow, which is a member firm of Baker McKenzie in Singapore, announced the upcoming addition of a team led by principals Shirin Tang and Ang Lip Kian in Singapore. This team joins from Morrison Foerster, where Shirin served as managing partner of the Singapore office and on the firm's global executive committee, and other leadership roles.

Tilt: Real-Time Shopping Platform Company Raises $18 Million (Series A)

By Amit Chowdhry ● Sep 6, 2024

Tilt - a real-time shopping platform company - announced it raised $18 million in Series A funding. Balderton Capital led the Series A funding round with participation from existing investors TQ Ventures, Earlybird and Seedcamp. Launched by two early former Revolut employees Neil Shah and Abhi Thanendran, Tilt is a real-time shopping platform transforming the e-commerce space by becoming a leading destination for fashion.