Archives

Fifth Third Wealth Advisors Onboards $2 Billion Asset Team

By Amit Chowdhry ● Nov 22, 2024

Fifth Third Wealth Advisors, a multi-custodial registered investment advisory firm, announced the expansion of its presence in Charlotte, North Carolina. And the following advisor team joined Fifth Third Wealth Advisors having managed $2 billion in client assets at their previous firm:

TA Associates: Strategic Investment In Vee Healthtek

By Amit Chowdhry ● Nov 22, 2024

TA Associates announced the completion of a strategic growth investment in Vee Healthtek, a prominent provider of technology-enabled solutions and services for healthcare organizations. This partnership enables Vee Healthtek to utilize TA’s global resources and extensive experience in the healthcare sector.

Faircraft: Lab-Grown Leather Company Raises $15.8 Million

By Amit Chowdhry ● Nov 22, 2024

Faircraft, a pioneer of lab-grown leather utilizing unique and patented tissue engineering techniques, announced a $15.8 million fundraising round. The funding round was backed by internationally-renowned investment funds, including Kindred Ventures, Cap Horn, BPI, Sake Bosch, Entrepreneur First, Alliance for Impact, and Heirloom.

Interview With Julie Jones About Becoming A Popular Interior Designer On Social Media

By Amit Chowdhry ● Nov 22, 2024

Julie Jones has gained over 500,000 followers on TikTok and has become one of the most popular interior designers on social media. Her audience enjoys watching her design tips and how she is transforming the landscape of modern design through cutting-edge technology. Pulse 2.0 interviewed Julie Jones to learn more about her business, Julie Jones Designs.

Valora Therapeutics: $30 Million (Seed) Raised To Pioneer Novel Approach To Immunotherapy

By Amit Chowdhry ● Nov 21, 2024

Valora Therapeutics - a biotechnology company pioneering a novel approach to immunotherapy - announced the closing of its seed funding round. The funding round was co-led by Avalon BioVentures together with Bregua Corporation and TigerGene, investors recognized for their expertise in supporting innovative biotech companies. And additional participation was provided by Alexandria Venture Investments and Correlation Ventures. This investment will advance Valora’s proprietary AbLec platform to develop novel immunotherapeutics.

Flywheel Dynamix: Buyer-Centric Cloud Marketplace Company Closes $7 Million (Seed)

By Amit Chowdhry ● Nov 21, 2024

Flywheel Dynamix (Flywl) - the first buyer-centric cloud marketplace designed to simplify software acquisition for buyers and help sellers grow revenue faster - announced it raised $7 million in seed funding. Storm Ventures, Foster Ventures, BeeNex, FeBe, and Teknos Ventures led the round. And after operating in stealth mode since August, Flywl is officially launching the first buyer module for its marketplace platform in the first week of December.

Magma Math: K-12 Learning Platform Company Raises $40 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Magma Math, a leading K-12 instructional math platform for teacher efficiency and classroom management, announced the closing of its Series A funding round, totaling an investment of $40 million. The round was led by Five Elms Capital, with participation from previous investors, team members, and experts in the industry.

Allworth Financial Acquires $839 Million AUM Firm City Fiduciary Group

By Amit Chowdhry ● Nov 21, 2024

Allworth Financial announced the acquisition of City Fiduciary Group, a tax planning and wealth management firm with offices in Washington and Oregon. And this partnership enhances Allworth’s presence in the Pacific Northwest and further augments its in-house tax expertise.

‬‭Elicit Plant: Agri-Biotech Company‬‭ Raises $48 Million (Series B)

By Amit Chowdhry ● Nov 21, 2024

Elicit‬‭ Plant -‬‭ a‬‭n agri-biotech‬‭ company‬‭ specializing‬‭ in‬‭ biosolutions‬‭ for‬‭ broad‬‭ acre‬‭ crops -‬‭ announced it raised a $48‬‭ million‬‭ B‬‭ Series‬‭ round‬‭ to‬‭ accelerate‬‭ its‬‭ worldwide‬ expansion, with a particular focus on the U.S. Corn Belt.‬

Creative Planning Acquires Buys $550 Million AUM Firm Edmonds Duncan

By Amit Chowdhry ● Nov 21, 2024

Creative Planning, one of the nation's leading Registered Investment Advisors (RIA), announced the acquisition of Lawrence, Kansas-based Edmonds Duncan Registered Investment Advisors. The deal closed on October 1, and six employees at Edmonds Duncan formally joined Creative Planning.

Vanderbilt University’s ‘Dare To Grow’ Campaign Reaches $3.2 Billion Goal Nearly Two Years Early

By Amit Chowdhry ● Nov 21, 2024

Vanderbilt University’s Dare to Grow campaign - which launched publicly in spring 2023 - has surpassed its $3.2 billion fundraising goal 20 months ahead of its target date of June 30, 2026, evidencing the generosity of donors, widespread enthusiasm for the university’s vision and boundless potential for the future. The announcement, which Chancellor Daniel Diermeier shared with alumni and supporters during Reunion Weekend, is a celebration and a call to action as Vanderbilt looks ahead to deepening its impact in Nashville, across the nation and worldwide.

VISO TRUST: AI-Based Third-Party Risk Management Company Raises $24 Million

By Amit Chowdhry ● Nov 21, 2024

VISO TRUST, a leader in AI-based third-party risk management (TPRM), today announced the closing of its latest funding round with participation from both existing investors, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new investors, Allstate Strategic Ventures, Cisco Investments, EnvisionX Capital, and Scale Asia Ventures.

Lightning AI: $50 Million Secured For Scaling Development Environments

By Amit Chowdhry ● Nov 21, 2024

Lightning AI, the creator of the PyTorch Lightning framework, announced a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing the total funding to $103 million.

Teleo: $16.2 Million (Series A Extension) Raised To Build Autonomous Technology For Heavy Equipment

By Amit Chowdhry ● Nov 21, 2024

Teleo, a company building autonomous technology for heavy equipment, today announced it has raised $16.2 million in Series A extension funds along with the company's previously announced Series A funding round. The company will use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, etc.

Frazier Healthcare Partners: $2.3 Billion 11th Growth Buyout Fund Closed

By Amit Chowdhry ● Nov 21, 2024

Frazier Healthcare Partners, a dedicated healthcare private equity firm, announced the closing of its latest flagship fund, Frazier Healthcare Growth Buyout Fund XI, L.P. (FHGB XI). FHGB XI was significantly oversubscribed, hitting a hard cap of $2.3 billion of limited partner commitments in six months. FHGB XI will focus on acquiring controlling interests in middle-market healthcare companies.

Skypointer: Family Office Focused Fund Closed At $30 Million

By Amit Chowdhry ● Nov 21, 2024

Skypointer Capital, a firm operated by a dedicated management team with experience across the investment and operational lifecycle, announced the closing of its first venture capital fund, reaching a total of $30 million to invest in the global technology sector.

Veriff: Interview With CTO Hubert Behaghel About The Online Identity Verification Company

By Amit Chowdhry ● Nov 21, 2024

Veriff is an industry leader in online identity verification, helping businesses achieve greater levels of trust. Pulse 2.0 interviewed Veriff CTO Hubert Behaghel to learn more about the company.

Aquaria: $112 Million Raised To Build Communities With Water From The Sky

By Amit Chowdhry ● Nov 21, 2024

Aquaria, a company building communities and cities supplied with water from the sky, announced it secured $112 million to build the future of water infrastructure. Investors include Mistletoe, Ciri Ventures, Soma Capital, HF0, Bow Capital, Umami Capital and former House Majority Leader Dick Gephardt. As part of the funding, Aquaria has signed an agreement with Upwell Water to provide $100 million to facilitate the deployment of Aquaria's solutions to qualifying projects.

tutch: Interview With CEO Greg Jones About Bridging the Gap Between Online And In-Store Retailing

By Amit Chowdhry ● Nov 21, 2024

tutch is an in-store digital platform that gives shoppers access to every product in a retailers’ product ecosystem, and empowers them to shop how they want. Pulse 2.0 interviewed tutch CEO Greg Jones to learn more about the company.

Theo Ai: Litigation Platform Company Raises $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Nov 21, 2024

Theo Ai, the first predictive AI platform for litigation, announced $2.2 million in pre-seed funding. NextView and NVP Capital co-led the round, which also included Ripple Ventures, Beat Ventures, and SCVC Fund.

Lean Technologies: Riyadh-Based Fintech Infrastructure Company Raises $67.5 Million (Series B)

By Amit Chowdhry ● Nov 21, 2024

Lean Technologies, a Riyadh-based fintech infrastructure platform, announced it had raised $67.5 million in Series B funding led by General Catalyst. Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO also participated in the round. This brings Lean’s total funding to over $100 million.

Rain Technology: Interview With CEO Robert Ramsey, Ph.D. About The Display Technology Innovator

By Amit Chowdhry ● Nov 21, 2024

Rain Technology is a display technology innovator that has created the world’s most advanced directional and switchable privacy display technology and licenses its IP to tier one manufacturers and supply chain partners of laptops and monitors, smartphones, point-of-sale systems (POS), ATMs, automotive displays, AR/VR devices, etc. Pulse 2.0 interviewed Rain Technology Chief Executive Officer Robert Ramsey to learn more about the company.

Ferment: $20 Million Studio Fund Raised To Translate Biology Into Products

By Amit Chowdhry ● Nov 21, 2024

Ferment, a venture studio creating bio-enabled product companies, announced it had launched a new $20 million studio fund to rapidly translate biology into products that solve targeted problems across sectors, including energy, agriculture, materials, and health.

Federato: AI-Based Underwriting Platform Company Raises $40 Million (Series C)

By Amit Chowdhry ● Nov 21, 2024

Federato, an AI-native underwriting platform for insurance, announced that it has raised a total of $80 million, including its latest Series C funding round. This $40 million round was led by global private markets investor StepStone Group, with participation from existing investors, including Emergence Capital, Caffeinated Capital and Pear VC.

Cardo AI: Asset-Based Finance And Private Credit Technology Platform Company Secures $15 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Cardo AI, a next-generation asset-based finance and private credit technology platform, announced it has completed its $15 million Series A round. The funding was co-led by Blackstone Innovations Investments, Blackstone's early-stage strategic investment arm, FINTOP Capital, and JAM FINTOP. Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, also participated in the round.

Cortechs.ai: Funding Round Raised To Transform AI-Based Neuroimaging And Oncology Solutions

By Amit Chowdhry ● Nov 21, 2024

Cortechs.ai, a leader in AI-based neuroimaging and prostate imaging solutions, is pleased to announced the closing of an oversubscribed Series C funding round led by VILAS Ventures. And existing investor Genting Berhad, a global conglomerate, participated in the round as well.

CalmWave: $5.25 Million Raised To Improve Health Systems

By Amit Chowdhry ● Nov 21, 2024

CalmWave - the creator of the Quiet ICU - announced that it has closed a $5.25 million financing round led by Third Prime with participation from Catalyst by Wellstar, Silver Circle, Rebellion, Impulsum, and existing investors Bonfire Ventures, Tau Ventures, and Hike Ventures. And CalmWave will use the new capital to accelerate market penetration and strengthen and expand its GPO channel partnerships, including Premier and Partners Coop.

Monkey Tilt: Entertainment And Online Gaming Company Secures $30 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Monkey Tilt, a platform pioneering a new era of entertainment and online gaming experiences, announced $30 million in Series A funding. Launched in March 2024, Monkey Tilt is creating the next frontier of gaming and bringing together the most trusted executives and voices across the industry to deliver a modern gaming experience.

Dash Bio: Interview With Co-Founder & COO Ander Tallett About The Clinical Bioanalysis Company

By Amit Chowdhry ● Nov 21, 2024

Dash Bio is a company that is transforming clinical bioanalysis to expedite drug development. By utilizing AI and robotics, the company delivers higher-quality assays with turnaround times up to 10 times faster than the industry average for clinical trials and GLP studies. Pulse 2.0 interviewed Dash Bio co-founder and COO Ander Tallett to learn more about the company.

Sama: Interview With CEO Wendy Gonzalez About The AI-Based Data Annotation And Model Evaluation Leader

By Amit Chowdhry ● Nov 21, 2024

Sama is a global leader in ethical data annotation and model evaluation solutions for computer vision, generative AI, and other major applications of artificial intelligence. Pulse 2.0 interviewed Sama CEO Wendy Gonzalez to learn more about the company.