Archives

TickPick: Event Ticket Marketplace Company Raises $250 Million

By Amit Chowdhry ● Aug 23, 2024

Brighton Park Capital (an investment firm focused on entrepreneur-led and growth-stage companies) announced a $250 million investment in TickPick (the modern transparent ticket marketplace transforming the event ticketing industry) to accelerate growth and scale operations. This deal represents the largest fundraising effort in the ticketing industry so far.

Miami International Raises $100 Million From Warburg Pincus

By Amit Chowdhry ● Aug 23, 2024

Miami International Holdings (MIH) - a technology-driven leader in building and operating regulated financial markets across multiple asset classes - announced a $100 million investment from Warburg Pincus. Warburg Pincus could expand its investment in MIH to support additional growth subject to certain conditions.

Advance Auto Parts Selling Worldpac To Carlyle For $1.5 Billion

By Amit Chowdhry ● Aug 23, 2024

Advance Auto Parts (a leading automotive aftermarket parts provider in North America that serves professional installers and do-it-yourself customers) announced that it has entered into a definitive agreement to sell Worldpac (an automotive parts wholesale distribution business) to funds managed by global investment firm Carlyle for $1.5 billion in cash. This deal is expected to close before the end of the year.

Stryker To Buy Vertos Medical For Treating Chronic Lower Back Pain

By Amit Chowdhry ● Aug 23, 2024

Stryker, a global leader in medical technologies, announced a definitive agreement to acquire Vertos Medical, a privately held company that provides a minimally invasive solution for treating chronic lower back pain caused by lumbar spinal stenosis.

Franklin Templeton’s PE Platform Closes Second Enterprise Tech Growth Equity Fund

By Amit Chowdhry ● Aug 23, 2024

Franklin Templeton announced the successful final closing of its second enterprise technology growth equity fund. This fund is managed by Franklin Venture Partners, the private investing platform of Franklin Templeton’s Franklin Equity Group.

Fortalice: Helping Organizations Become Prepared For Cyberattacks

By Amit Chowdhry ● Aug 23, 2024

Fortalice is a company with a goal to make sure clients are prepared for an attack and resilient to future threats. Created by former White House Chief Information Officer (CIO) Theresa Payton, the company’s skilled team of industry practitioners has worked in a broad range of public and private sectors. Pulse 2.0 interviewed Theresa Payton to learn more about the company.

Deep Fission: Nuclear Energy Company Raises $4 Million (Pre-Seed)

By Amit Chowdhry ● Aug 23, 2024

Nuclear energy company Deep Fission announced its emergence from stealth mode and a $4 million pre-seed round led by 8VC. At the forefront of advanced energy technology, Deep Fission is aiming to redefine the future of nuclear power with an unique approach - which is placing reactors a mile underground.

MolecuLight: Point-Of-Care Fluorescence Imaging Company Raises $11.7 Million (Series C)

By Amit Chowdhry ● Aug 23, 2024

MolecuLight, a leader in point-of-care fluorescence imaging, announced the closing of a $11.7 million Series C funding round led by new investors Export Development Canada (EDC), Prosegur, and Azahar. Existing investors also participated in the round, demonstrating continued confidence in the company's growth.

David: $10 Million (Seed) Raised To Build Tools For Increasing Muscle

By Amit Chowdhry ● Aug 23, 2024

David, a platform that designs tools to increase muscle and decrease fat, announced a $10 million seed funding round. This investment was led by David CEO and co-founder Peter Rahal, with additional participation from Valor Siren Ventures, Peter Attia, M.D., and Andrew Huberman, Ph.D.

Pathalys Pharma: $105 Million (Series B) Raised To Develop Treatments For Kidney Disease

By Amit Chowdhry ● Aug 23, 2024

Pathalys Pharma, a private biopharmaceutical company in the late stages of developing treatments for kidney disease, announced it closed a $105 million Series B funding round. This oversubscribed financing was led by TCGX and joined by other notable investors including, JP Morgan Life Sciences Private Capital, Samsara BioCapital, Marshall Wace, KB Investment, JPS Growth Investment Limited Partnership, and included support from Pathalys' founding investors, Catalys Pacific and DaVita Venture Group.

Dermody Properties: $1 Billion Closed For Industrial Fund IV

By Amit Chowdhry ● Aug 23, 2024

Dermody Properties - a diversified private equity investment management company focused on the national logistics real estate sector - announced the successful closure of its fourth commingled fund, Dermody Properties Industrial Fund IV, L.P. (DPIF IV), securing $1.043 billion in capital commitments.

Kubiya: Conversational AI Solution Company Raises $12 Million (Seed)

By Amit Chowdhry ● Aug 23, 2024

Kubiya, a leading Conversational AI solution for DevOps teams, announced it has closed a $12 million seed round with a $6 million extension of equity and debt financing and launched a new platform, AI Teammates. Heavybit led Kubiya’s current financing, with Hyperwise VC participating.

Rise Growth Reveals Inaugural Strategic Minority Investment In Bleakley Financial

By Amit Chowdhry ● Aug 23, 2024

Rise Growth Partners, a wealth management industry’s first synergistic financial partner for growth-oriented registered investment advisors (RIAs), announced an inaugural strategic minority investment in Bleakley Financial Group.

Lendbuzz: $400 Million Forward Flow Agreement Signed With Viola Credit

By Amit Chowdhry ● Aug 23, 2024

Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when buying a vehicle, announced that it has secured a new $400 million forward flow program with Viola Credit, a global alternative asset manager specializing in providing asset-based lending solutions to innovative technology-enabled lenders.

EDGLRD Secures Growth Investment From Reuben Brothers

By Amit Chowdhry ● Aug 23, 2024

Edgelord (EDGLRD), a digital IP-based studio led by Harmony Korine, announced a strategic investment from Reuben Brothers with participation from founding investor Samizdat. This investment provides significant funds into EDGLRD’s technology platform and IP portfolio.

Mindset Care: $13 Million Raised To Streamline Social Security Disability Benefits For Those With Mental Illnesses And Their Caregivers

By Amit Chowdhry ● Aug 23, 2024

Mindset Care, a platform designed to simplify the application process for Social Security Disability benefits for individuals with mental illnesses and their caregivers, announced $13 million in funding. Launched from Science Inc.’s startup studio, Mindset’s latest funding round was led by Science Inc., with additional funding from Wellington Management, Tubbs Ventures, Enable Ventures, XYZ, and LivEdge Capital.

Enteligent: Solar-Powered EV DC-To-DC Charger Company Raises $6 Million

By Amit Chowdhry ● Aug 23, 2024

Enteligent, a developer of solar-powered DC-to-DC chargers for electric vehicles (EVs), announced it has raised $6 million in funding from investors to scale the commercialization of its photovoltaic (PV) module-level power optimizers and its DC-to-DC based bi-directional EV chargers. This funding round was led by Taronga Ventures. This recent funding round brings the company’s total fundraising to $19 million since 2021, with historical investment from NOVA, an affiliate of global building materials company Saint-Gobain.

Accession Risk Management: Specialty Insurance Company Closes $1 Billion In Financing

By Amit Chowdhry ● Aug 22, 2024

Accession Risk Management Group - the parent company of Risk Strategies and One80 Intermediaries, comprising North America’s ninth-largest privately held insurance broker - has 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.

GRIN: An Interview With Marketing Head Olivia McNaughten About This Fast-Growing Creator Management Company

By Amit Chowdhry ● Aug 22, 2024

GRIN is the company behind the world’s first Creator Management platform, designed for the next generation of brands that recognize that authenticity is everything in the creator economy. Pulse 2.0 interviewed GRIN’s Senior Director of Product Marketing, Olivia McNaughten, to learn more about the company.

NewEdge Capital: About $5.5 Billion In Expected Assets Recruited In First Half Of 2024

By Amit Chowdhry ● Aug 22, 2024

NewEdge Capital Group, a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, announced that successful organic growth and recruiting efforts have put the firm on pace for another record year of growth. As of June 30, 2024, NewEdge Capital Group’s total client assets serviced are over $55 billion, with a substantial part of that figure coming from successful recruitment efforts.

Solace: Digital Health Platform Company Raises $14 Million (Series A)

By Amit Chowdhry ● Aug 22, 2024

Solace, a digital health platform connecting patients with expert healthcare advocates, announced today that it has raised $14 million in Series A funding. Solace was launched in 2022 to improve health outcomes for individuals and families through a human-centric and personalized navigation approach.

Avantor Selling Clinical Services Unit To Audax In $650 Million Deal

By Amit Chowdhry ● Aug 22, 2024

Avantor (a leading global provider of life sciences products and services) announced the signing of a definitive agreement to divest its clinical services business, including kitting, biorepository, and related equipment and ancillaries (clinical services) to Audax Private Equity, for a deal value of approximately $650 million.

FCAH Aerospace Partners Invests In Innodyne Systems

By Amit Chowdhry ● Aug 22, 2024

O2 Investment Partners announced that, through FCAH Aerospace, it has invested in and partnered with Innodyne Systems to support its strategic growth plan.

RIA Crux Wealth Advisors Launches With First Tranche Of $1 Billion

By Amit Chowdhry ● Aug 22, 2024

Crux Wealth Advisors announced their official launch as a hybrid Registered Investment Adviser and full-service wealth management firm. After two years of due diligence and preparation, this now fully autonomous firm launched with its first tranche of $1 billion in client assets under management (AUM) in a planned multi-phase transition strategy to minimize client and business disruption while also allowing for equally as efficient transitions in the coming months.

Borealis Biosciences: RNA Medicines Company Raises $150 Million (Series A)

By Amit Chowdhry ● Aug 22, 2024

Borealis Biosciences, a next-generation RNA medicines company, has emerged from stealth with $150 million in combined Series A financing from founding investor Versant Ventures and Novartis, and committed strategic research collaboration funding from Novartis.

FireHydrant Buys Incident Management Company Blameless

By Amit Chowdhry ● Aug 22, 2024

FireHydrant, a reliability platform across the entire incident response lifecycle, announced today that it has closed on a transaction to buy Blameless. This acquisition accelerates FireHydrant’s growth into the enterprise segment for incident management.

Equita Financial Adds Three New Member Firms

By Amit Chowdhry ● Aug 21, 2024

Equita Financial Network, a privately held entity that offers a proven business platform for women-led, independently owned, and operated fee-only financial planning firms, announced three new member firms have joined its signature platform, bringing the number of signature firms to ten. Mountain Wealth Planning, led by Amy Hamasaki, CFP; Equila Financial, led by Ann J. Shubert, CFP; and Your Story Financial, led by Shehara Wooten, CFP, have all been added to the Equita community in recent months.

Tigertail Capital Partners Launches With Emphasis On HVAC Distributors

By Amit Chowdhry ● Aug 21, 2024

Miami-based investment firm Tigertail Capital Partners (TCP) announced an official launch. TCP is focused on investing in founder-owned businesses across highly fragmented industries with limited tech-enablement to date. It is being led by Alex Gatof, Andrew Och, and Zach Katz, who collectively have 25+ years of experience in private and public market investing, as well as software and data engineering.

Human Longevity: Longevity Focused Company Completes $39.8 Million (Upsized Series B) Funding Round

By Amit Chowdhry ● Aug 21, 2024

Human Longevity Inc. (HLI), a longevity-focused technology company, announced today the completion of an oversubscribed $39.8M Series B round led by TVM Capital Healthcare with participation from new and existing investors, including Panacea Venture and Emerging Technology Partners. This funding round will invest in HLI's artificial intelligence health risk and recommendation platform, new longevity-focused technologies and services, and new expansion sites globally.

HarbourVest Partners: 11th Private Equity Secondaries Fund Closed At $18.5 Billion

By Amit Chowdhry ● Aug 21, 2024

Independent private markets asset manager HarbourVest Partners announced the final closing of its eleventh dedicated private equity secondaries fund, Dover Street XI. This fund was oversubscribed and closed at its hard cap of $15.1 billion, including the General Partner’s commitment. Plus, the firm held a final close for Secondary Overflow Fund V at $3.4 billion for secondary co-investment opportunities.