Archives

Siepe: $30 Million (Series B) Raised To Advance Private Credit Platform

By Amit Chowdhry ● Aug 27, 2024

Siepe, a provider of software and technology-enabled services for private credit and CLO managers, announced it has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). This funding will drive a multi-product roadmap, expand AI/ML capabilities, and strengthen strategic partnerships.

Avantax Brings In $60 Million Advisor Ali Kazemi

By Amit Chowdhry ● Aug 27, 2024

Avantax - a unique community within Cetera Holdings and a leader in tax-focused financial planning and wealth management - announced it has welcomed financial advisor Ali Kazemi, who is a seasoned professional with over 30 years of financial services experience.

Accession Risk Management: $1 Billion Raised To Advance Risk Strategies

By Amit Chowdhry ● Aug 27, 2024

Accession Risk Management Group (Risk Strategies and One80 Intermediaries's parent company comprising North America’s ninth-largest privately held insurance broker) announced it had closed a $1 billion incremental debt raise and refinancing. This funding will accelerate a growth trajectory driven by the continued acquisition of leading specialty brokerages and targeted organic expansion.

Fortera: Materials Technology Company Secures $85 Million (Series C)

By Amit Chowdhry ● Aug 27, 2024

Advanced materials company Fortera announced it secured $85 million in Series C funding to scale the deployment of its low-carbon cement technology that integrates with existing infrastructure. This funding round included participation from previous investors Khosla Ventures and Temasek, and first-time investments from Wollemi Capital, NOVA by Saint-Gobain, Presidio Ventures, and Alumni Ventures.

Clarium: Healthcare Technology Company Raises $10.5 Million

By Amit Chowdhry ● Aug 27, 2024

Clarium, a healthcare technology company transforming hospital supply chain operations, announced a $10.5 million strategic funding round. This investment was led by General Catalyst, with backing from Kaiser Permanente Ventures, Texas Medical Center Venture Fund, Yale New Haven Health, and existing investors AlleyCorp, 1984 Ventures, Alumni Ventures, and others. The funding brings Clarium’s total capital raised to date to $16 million.

Swift Current Energy Raises Tax Equity Investment From Google

By Amit Chowdhry ● Aug 27, 2024

Swift Current Energy announced that it has closed on a tax equity investment from Google for its landmark 800 MWdc (593 MWac) Double Black Diamond Solar project in southern Illinois. After becoming operational, Double Black Diamond Solar is expected to be the largest solar project east of the Mississippi River.

trumpet: Digital Sales Room Company Raises $6.35 Million (Seed)

By Amit Chowdhry ● Aug 27, 2024

Digital sales room and customer onboarding company trumpet announced it has raised $6.35 million in a competitive seed funding round led by AlbionVC. The company’s previous investors Lightbird Ventures, Anamcara Capital and Triple Point Ventures also contributed to the round, enabling trumpet to expand to the US and advance revenue intelligence signals powered by AI and machine learning which are generated using the millions of proprietary data points trumpet is collecting throughout sales cycles.

truCurrent: Microgrid And Mobility Company Raises $37.5 Million

By Amit Chowdhry ● Aug 27, 2024

Distributed Sun (DSUN) announced $37.5 million of new working capital to spin out and ramp operations of its New Energy Investment Company (NEIC) truCurrent. With 15 years of best practice leadership, business model innovation, and proven consistent asset yield performance, truCurrent provides large fleet and facility operators – the know-how to make and execute better energy choices, mitigate operating and financial risks, and realize best-value, bottom-line rewards from smart energy transitions.

Lumos: $144 Million Raised To Expand Into Kentucky

By Amit Chowdhry ● Aug 27, 2024

Lumos - a leading fiber-optic Internet and total home Wi-Fi service provider in the Mid-Atlantic - announced its expansion into the state of Kentucky with a nearly $150 million investment to build 1,300+ miles of its network in areas of Jefferson County and Louisville.