Archives

OceanSound Partners: Fund II Closed At $1.49 Billion

By Amit Chowdhry ● Oct 3, 2024

OceanSound Partners - a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and highly regulated enterprise end markets - announced the final close of its second fund, OceanSound Partners Fund II, LP with $1.49 billion in total capital commitments.

Nym: Autonomous Medical Coding Engine Raises $47 Million

By Amit Chowdhry ● Oct 3, 2024

Autonomous medical coding leader Nym announced a $47 million growth investment led by PSG (a leading growth equity firm specializing in partnering with software and technology-enabled services companies). And this new funding includes participation from existing and new investors including Google Ventures, Addition, Samsung Next and Dynamic Loop Capital.

TJC: Second Continuation Fund Of $2.1 Billion Closed

By Amit Chowdhry ● Oct 3, 2024

TJC - a middle-market private equity firm investing primarily in North American businesses - announced the closing of its second continuation fund at $2.1 billion, which will be an extension of The Resolute Fund III, L.P. and include an asset jointly owned with The Resolute Fund IV, L.P.

Eon: Next-Gen Cloud Backup Solution Company Secures $127 Million

By Amit Chowdhry ● Oct 3, 2024

Eon, a next-generation cloud backup solution, announced its launch from stealth, and the company raised a total of $127 million in funding. This first backup autopilot for the age of cloud infrastructure and Eon monitor cloud resource sprawl and bring cloud backup posture management (CBPM) to enterprises. Eon also replaces legacy backup tools and generic snapshots, transforming backups into useful, easy-to-manage assets.

Meketa Investment Group: $2 Trillion In AUA Surpassed

By Amit Chowdhry ● Oct 3, 2024

Meketa Investment Group - a global investment consulting and fiduciary management (OCIO) firm - announced the firm recently crossed $2 trillion in assets under advisement, serving over 250 clients. To support new client growth, the firm has added two consultants. Steve Voss joined the firm as a shareholder, managing principal, and consultant.

JOYA: Skin Health And Wellness Benefit Platform Company Raises $5 Million (Seed)

By Amit Chowdhry ● Oct 3, 2024

JOYA, which is the first employee skin health and wellness benefit platform, announced its emergence from stealth mode with $5 million in seed funding from LUX Capital, Mosaic General Partnership, Arsama Trust, and Joyance Partners. This funding round will support team expansion, product development, market growth, and increased access to providers. Additionally, Dr. Neshat and Fatima Husain will join JOYA’s Board of Directors.

D Cubed Group Closes Sale Of KPS Global To Viessmann Generations

By Amit Chowdhry ● Oct 3, 2024

D Cubed Group, a long-duration private market investor backed by high-net-worth business founders and executives, announced the successful closing of its sale of KPS Global (KPSG), the leading provider of custom insulated panel systems, to Viessmann Generations Group.

Surescripts Signs Strategic Partnership With TPG

By Amit Chowdhry ● Oct 3, 2024

Surescripts, the nation’s leading health information network, announced that TPG will join the ownership group as a majority investor. And TPG is investing in Surescripts through TPG Capital, the firm’s U.S. and European private equity platform.

Avantra Raises Funding From Resurgens Technology Partners

By Amit Chowdhry ● Oct 3, 2024

Resurgens Technology Partners (RTP), a private equity firm focused on investing in North American and European software companies announced an investment in Avantra, a European provider of software solutions for monitoring and automating SAP operations.

Salient Motion: Aerospace And Defense Component Supplier Raises $12 Million

By Amit Chowdhry ● Oct 3, 2024

Salient Motion, an aerospace and defense component supplier, announced it has closed $12 million in total funding, preseed and seed rounds, to transform the design and manufacturing of critical motion control components. This funding was led by Cantos Ventures, with participation from Andreessen Horowitz, AE Ventures, Hummingbird Ventures, and BoxGroup.

Vector Capital: Mini VC Aims To Mobilize $1 Billion For 100,000 Mom-And-Pop Shops

By Amit Chowdhry ● Oct 3, 2024

Vector Capital Solutions, a leader in AI-powered financial solutions, announced an upcoming Mini Venture Capital Program, an innovative funding model designed to tackle the systemic inefficiencies in capital markets and provide sustainable growth opportunities for small businesses.

xtype: ServiceNow-Focused Multi-Instance Management Platform Raises $21 Million (Series A)

By Amit Chowdhry ● Oct 3, 2024

xtype - a leading software company for multi-instance management on the ServiceNow platform, announced it had raised a $21 million Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital. This milestone marks a significant leap forward in xtype's mission to revolutionize how organizations manage their ServiceNow environments.

Thread AI: $6 Million (Seed) Raised To Make Infrastructure Simple For Enterprises

By Amit Chowdhry ● Oct 3, 2024

Thread AI, a new company founded by former Palantir AI Product and Engineering leads Angela McNeal and Mayada Gonimah, emerged from stealth to announce the launch of its composable AI infrastructure platform Lemma. And this AI workflow solution brings together disparate or previously incompatible systems into one observable, robust, and secure place so that enterprises can effectively implement and execute with AI.

Gateway Fleets Raises Funding From Partners Group

By Amit Chowdhry ● Oct 3, 2024

Partners Group - one of the largest firms in the global private markets industry (acting on behalf of its clients) - has invested in Gateway Fleets, a provider of electrification solutions for logistics fleet operators in the US. And Partners Group is acquiring a controlling stake in Gateway and will provide significant capital to support its future growth.

KPS Capital Partners To Buy Catalyst Acoustics

By Amit Chowdhry ● Oct 3, 2024

KPS Capital Partners announced that it has signed a definitive agreement to acquire Catalyst Acoustics Group through a newly formed affiliate. The Stephens Group is a portfolio company of KPS Capital Partners and a leading independent designer and manufacturer of engineered acoustical solutions. The transaction is expected to be completed in the fourth quarter of 2024 and is subject to customary closing conditions and approvals.

Dynasty Financial: $700 Million MATAURO Team Onboarded With Independence

By Amit Chowdhry ● Oct 3, 2024

Dynasty Financial Partners announced that MATAURO has joined its high-quality platform of technology-driven independent wealth management tools and services. With independence, MATAURO can offer tailored advice and strategies aligning with each client’s financial goals.

Accel-KKR Buying Revenue Cycle Analytics Provider VisiQuate

By Amit Chowdhry ● Oct 3, 2024

VisiQuate is a leading provider of advanced revenue cycle analytics and AI-powered workflow automation software, dramatically improves performance and reduces process waste. And for nearly two decades, VisiQuate partnered with hospitals and health systems to markedly improve their top and bottom line.

PayRange Receives Strategic Growth Investment From Ridgeview Partners

By Amit Chowdhry ● Oct 3, 2024

Growth-oriented technology private equity firm Ridgeview Partners - in partnership with The Baupost Group -announced it has agreed to make a significant strategic growth investment in PayRange, a leading provider of IOT software and payment solutions for unattended retail. Founder and CEO Paresh Patel will continue to lead the company and will retain a significant ownership position.

WorkFusion: Interview With CEO Adam Famularo About The AI-Based Digital Worker Company

By Amit Chowdhry ● Oct 2, 2024

WorkFusion is a regulatory technology provider for banking and financial services organizations. Its pre-built AI Digital Workers automate document-heavy and time-consuming work aligned to specific job roles within financial crime compliance like anti-money laundering (AML), adverse media and sanctions screening alert review, transaction monitoring, and Know Your Customer (KYC). Pulse 2.0 interviewed WorkFusion CEO Adam Famularo to learn more about the company.

XCAD Network: Interview With CEO Oliver Bell About The Influencer Tokenization Platform Company

By Amit Chowdhry ● Oct 2, 2024

XCAD Network is a company that is enabling tokenization for YouTubers, allowing them to transform their vast audiences into web 3.0 communities. Pulse 2.0 interviewed XCAD Network founder Oliver Bell to learn more about the company.

Waud Capital Partners Buying Science Exchange To Drive Life Sciences Innovation

By Amit Chowdhry ● Oct 2, 2024

Waud Capital Partners, a growth-oriented middle-market private equity firm specializing in the software and technology and healthcare sectors, announced the acquisition of Science Exchange - which is a leading provider of life sciences procurement and supplier management SaaS solutions. This deal marks a major milestone in Science Exchange’s journey and will enhance the company’s impressive performance, growth trajectory, and software capabilities. Plus, Waud Capital’s partnership will enable the company to accelerate its mission to transform the purchasing and supplier orchestration landscape for life sciences organizations.

Hartree Partners And Sprague Closes $662.5 Million Credit Facility

By Amit Chowdhry ● Oct 2, 2024

Hartree Partners and subsidiary Sprague Operating Resources announced the closing of a $662.5 million senior secured acquisition credit facility. This three-year facility—which has two one-year extension options—was built to support Hartree’s capital expenditures, liquidity needs, and future acquisition growth.

Tufin: Interview With CEO Raymond Brancato About The Security Policy Management Company

By Amit Chowdhry ● Oct 2, 2024

Tufin simplifies and automates the security policy management of some of the largest, most complex networks in the world, centralizing control across thousands of firewall and network devices and hybrid cloud infrastructures. Pulse 2.0 interviewed Tufin CEO Raymond Brancato to learn more about the company.

TPG Rise Climate Buying Techem For About €6.7 Billion

By Amit Chowdhry ● Oct 2, 2024

TPG Rise Climate, a dedicated climate investing strategy of TPG’s global impact investing platform, and GIC signed a deal to acquire Techem Group. The company will be acquired from its previous majority owner Partners Group (acting on behalf of its clients and co-investors CDPQ and Ontario Teachers' Pension Plan).

Raymond James Brings In $130 Million The Woodlands-Based Financial Advisor

By Amit Chowdhry ● Oct 2, 2024

Edward Sudzina, Western Gulf regional director for Raymond James & Associates (RJA), has welcomed financial advisor Miguel Velázquez to the firm's employee advisor channel in The Woodlands, Texas.

Vivun Unveils AI-Based Sales Engineer Platform Ava

By Amit Chowdhry ● Oct 2, 2024

Today Vivun has announced the launch of Ava, an AI-based Sales Engineer that is enabling sales, sales engineering, and customer success teams to operate with greater independence via on-demand technical expertise.

MAI Capital Management Onboards $238 Million Bolan Team

By Amit Chowdhry ● Oct 2, 2024

MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, announced the acquisition of Bolan Capital Management (BCM). The terms of the deal were not disclosed.

FinanceHQ: Interview With Co-Founder & CEO Alex Choi About The Empowering Financial Advisor Connection Company

By Amit Chowdhry ● Oct 2, 2024

FinanceHQ connects individuals with trusted financial advisors and resources for a better financial future. Pulse 2.0 interviewed FinanceHQ co-founder and CEO Alex Choi to learn more about the company.

Dexory: Robotics And Data Intelligence Company Raises $80 Million

By Amit Chowdhry ● Oct 2, 2024

Dexory, a leading robotics and data intelligence company, announced it closed an $80 million Series B funding round. The round was led by DTCP and included participation from Latitude Ventures, Wave-X, and Bootstrap Europe, as well as existing investors Atomico, Lakestar, Capnamic, and several angels from the logistics industry. DTCP’s Michael Rager joined Dexory’s board of directors as part of this investment.

Idea Financial: $50 Million Warehouse Facility Secured To Expand Small Business Lending

By Amit Chowdhry ● Oct 2, 2024

Idea Financial, a leading provider of small business lines of credit, today announced the closing of a new $50 million warehouse facility led by Performance Trust Capital Partners. This strategic deal significantly enhances Idea Financial's lending capacity and allows the company to increase its maximum loan limit to $350,000 for well-established small businesses.