Archives

SmartBear: Dan Faulkner Named As CEO

By Amit Chowdhry ● Jan 12, 2025

SmartBear, a provider of software quality and visibility solutions, announced it has appointed Dan Faulkner, the company’s Chief Product Officer, as Chief Executive Officer. Frank Roe, who led SmartBear to significant growth over the last five years, will transition from CEO to a strategic advisor role.

Transcarent To Buy Accolade In $621 Million Deal

By Amit Chowdhry ● Jan 12, 2025

Transparent, a company that makes it easier for people to access affordable health care, announced it is buying Accolade, a leader in health advocacy, expert medical opinions, and primary care. Transcarent will buy Accolade for $7.03 per share in cash, representing a total equity value of approximately $621 million.

LPL Onboards $320 Million Advisory Firm Lewellyn Wealth

By Amit Chowdhry ● Jan 12, 2025

LPL Financial announced that father and son financial advisors Bart Lewellyn and Alex Lewellyn have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $320 million in advisory, brokerage, and retirement plan assets* and joined LPL from Osaic.

Supreme Group Buying Curator24 And Makes Executive Team Changes

By Amit Chowdhry ● Jan 12, 2025

Supreme Group, which is backed by the private equity firm Trinity Hunt Partners, announced the acquisition of Curator24, a marketing and advertising agency specializing in innovative solutions for healthcare companies. Fairmount Partners acted as the exclusive financial advisor to Curator24.

Oddball Raises Growth Investment From Falfurrias Management

By Amit Chowdhry ● Jan 12, 2025

Private equity firm Falfurrias Management Partners announced its growth investment in Oddball. This leading digital services agency transforms and modernizes how government organizations interact with their constituents.

Xometry: Sanjeev Singh Sahni Named As President

By Amit Chowdhry ● Jan 12, 2025

Xometry, a global AI-based marketplace connecting enterprise buyers with suppliers of manufacturing services, announced the appointment of Sanjeev Singh Sahni as President, reporting to CEO Randy Altschuler.

WhiteGlove Care: Interview With Founder Anand Prakash About The Care Coordination Company

By Amit Chowdhry ● Jan 12, 2025

WhiteGlove Care is a company that handles all aspects of end-to-end care coordination from digitizing records to scheduling appointments with vetted providers to managing chronic conditions. And it allows family members to support care from anywhere in the world. Pulse 2.0 interviewed WhiteGlove Care Anand Prakash to learn more about the company.

AmeriFlex Group: Record-Breaking Year With 53 Advisor Transitions And Over $3.4 Billion In Total Client Assets Added

By Amit Chowdhry ● Jan 12, 2025

Advisor-owned hybrid RIA The AmeriFlex Group celebrated the completion of a record-breaking year in which it welcomed 53 advisors and increased its total client assets by over $3.4 billion. And the AmeriFlex Group ended the year with 206 total advisors in 29 states, with about $14.6 billion in assets under administration (AUA), an increase of 35% year over year.

Prudentia Sciences: AI-Based Life Sciences Marketplace Company Raises $7 Million

By Amit Chowdhry ● Jan 12, 2025

Prudentia Sciences, an AI-based technology platform for life sciences announced its public launch, supported by $7 million in funding. This funding round was led by GV, with participation from Iaso Ventures and Virtue.

Tenvie Therapeutics Raises $200 Million For Delivering Small Molecule Therapies

By Amit Chowdhry ● Jan 12, 2025

Kratos: $48 Million GGSS Contract Awarded

By Amit Chowdhry ● Jan 12, 2025

Kratos Defense & Security Solutions, a company in the defense, national security, and global markets, announced that it was awarded a Geolocation Global Support Services (GGSS) $48 contract million.

Advanced Ionics: Green Hydrogen Electrolyzer Company Raises $6.7 Million

By Amit Chowdhry ● Jan 12, 2025

Advanced Ionics, a developer of a new class of green hydrogen electrolyzers aimed at accelerating decarbonization, announced that it raised an additional $6.7 million in funding from strategic investors JERA, Lummus Venture Capital, the Argosy Foundation, and existing investors Clean Energy Venture Group and bp Ventures.

Bonaccord Capital Partners: Fund II Closes At $1.6 Billion

By Amit Chowdhry ● Jan 12, 2025

Bonaccord Capital Partners - a private equity business focused on providing growth capital and strategic support to middle-market private markets sponsors - announced the final close of its second GP Stakes fund, Bonaccord Capital Partners II (BCP II), with $1.6 billion in total commitments.

OC&C Strategy Consultants Expands In Germany With More Partners

By Amit Chowdhry ● Jan 12, 2025

Global strategy consulting firm OC&C Strategy Consultants announced it appointed three newly elected Partners based out of their recently opened Düsseldorf office in Germany. And this new home builds on its well-established Munich office, strengthening OC&C’s DACH presence - a critical market for the global boutique.

Absci Raising $20 Million From AMD

By Amit Chowdhry ● Jan 12, 2025

Absci Corporation, a data-first generative AI-based drug creation company, announced a strategic collaboration with AMD to deploy AMD Instinct accelerators and ROCm software to power critical AI drug discovery workloads, including Absci's advanced de novo antibody design models. And AMD will also make a $20 million investment in Absci, structured as a private investment in public equity (PIPE), highlighting the growing demand for innovative AI applications in drug discovery.

TransUnion Buying Financial Technology Company Monevo

By Amit Chowdhry ● Jan 12, 2025

TransUnion announced it has signed a definitive agreement to buy U.K.-based Monevo, a credit prequalification and distribution platform that enables lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. And TransUnion currently owns 30% of the equity of Monevo after acquiring a minority stake in 2021 and has agreed to acquire the remaining ownership position from Quint Group Limited.

Gluware Acquired By Cuadrilla Capital

By Amit Chowdhry ● Jan 12, 2025

Intelligent network automation leader Gluware announced its acquisition by Cuadrilla Capital, a leading enterprise software private equity firm. The funding from Cuadrilla will enable Gluware to penetrate the Global 2000 market further and address the most complex enterprise network challenges these worldwide leaders face.

Vensana Capital: $425 Million Fund III Closed For Investing In Breakthrough Medical Technologies

By Amit Chowdhry ● Jan 12, 2025

Vensana Capital announced the closing of Vensana Capital III with $425 million in committed capital. This fund was oversubscribed at its hard cap with the support of the firm’s existing limited partners alongside select new institutional investors, and it brings Vensana’s total capital under management to about $1 billion.

Leyden Labs: $70 Million Secured For Advancing Intranasal Antibody Programs

By Amit Chowdhry ● Jan 12, 2025

Leyden Laboratories announced it has raised $70 million in funding to advance its Mucosal Protection Platform. This funding round was supported by co-leads ClavystBio and Polaris Partners, with participation by Qiming Venture Partners and existing investors. And the company’s syndicate of VC investors now includes GV (formerly Google Ventures), Casdin Capital, F-Prime Capital, ClavystBio, Polaris Partners, Qiming Venture Partners, Invus, Byers Capital / Brook Byers, Bluebird Ventures, and Softbank Vision Fund 2.

RyboDyn: $4 Million (Pre-Seed) Raised To Pioneer Development Of First-In-Class Immunotherapies

By Amit Chowdhry ● Jan 12, 2025

RyboDyn announced the discovery of a new proteome and the successful closing of a $4 million pre-seed financing round to advance its mission of targeting the dark proteome to develop novel immunotherapies. The funding round was co-led by Genedant Capital and SeaX Ventures, with significant participation from SOSV and Swell VC as part of the investment syndicate.

Beautiful.ai: Interview With CEO Jason Lapp About The Presentation Software Company

By Amit Chowdhry ● Jan 11, 2025

Beautiful.ai is a presentation software that makes it easy to turn your ideas into beautiful visual stories. Pulse 2.0 interviewed Beautiful.ai CEO Jason Lapp to learn more about the company.

Maple Park Investing In Rita’s Italian Ice & Frozen Custard

By Amit Chowdhry ● Jan 11, 2025

Maple Park Capital Partners - a principal investment firm specializing in experiential and consumer services businesses - announced it has made a majority growth investment in Rita’s Italian Ice & Frozen Custard.

Kian Capital Buying Gardening E-Commerce Company Eden Brothers

By Amit Chowdhry ● Jan 11, 2025

Kian Capital Partners, a lower-middle-market-focused private investment firm, announced that in partnership with management, it completed the acquisition of Eden Brothers, an e-commerce retailer specializing in flower seeds and bulbs for gardening enthusiasts nationwide.

Ares: Over $2.3 Billion Of Equity Commitments Raised For Supporting Growth Of Aspida

By Amit Chowdhry ● Jan 11, 2025

Ares Management - a leading global alternative investment manager - announced that it has raised over $2.3 billion in equity commitments from third parties, Ares, and Ares affiliates to support the long-term growth of Aspida.

RheumaGen: Gene Therapy Company Raises $15 Million (Series A)

By Amit Chowdhry ● Jan 11, 2025

RheumaGen - a cell and gene therapy company engineering a new class of therapeutics for major autoimmune diseases - announced the closing of a $15 million Series A financing co-led by SPRIM Global Investments and William Taylor Nominees.

The Vistria Group: $3 Billion Closed For Fifth Flagship Private Equity Fund

By Amit Chowdhry ● Jan 11, 2025

The Vistria Group - a middle market private investment firm seeking to deliver superior financial returns and meaningful societal impact - announced it had completed the final closing of Vistria Fund V, its most significant private equity fund to date with $3 billion of total capital commitments. And now Vistria manages almost $16 billion across its funds and co-investment vehicles, more than doubling its AUM in a little more than three years.

R136 Ventures: Interview With Founder & Managing Partner Victor Orlovski About The Investment Company

By Amit Chowdhry ● Jan 11, 2025

R136 Ventures is a unique investment company dedicated to mid- and late-stage startups in the U.S., Israel, and Dubai. Pulse 2.0 interviewed R136 Ventures Founder and Managing Partner Victor Orlovski to learn more about the firm.

Blank Rome: Clara Feldman Named As Chair Of Luxury Brands Practice

By Amit Chowdhry ● Jan 10, 2025

Blank Rome announced that Clara Feldman had joined the firm as a partner in its New York office. Feldman will chair the firm’s new Luxury Brands practice, which is comprised of Blank Rome attorneys from across the country who partner with high-end brands to provide sophisticated legal and business counsel on corporate, regulatory, and litigation matters. And Feldman, who will also be a member of the firm’s Real Estate group and industry team, joins Blank Rome from The Law Office of Clara Feldman PLLC, a boutique firm she founded in 2021.

Red Rover Health: $4 Million (Seed) Raised To Advance Healthcare App Store Platform

By Amit Chowdhry ● Jan 10, 2025

Red Rover Health, a company that enables healthcare providers to integrate best of breed third-party solutions into their electronic health record (EHR) systems, has received $4 million in seed funding from NewShore Partners. The latest funding round gives Red Rover the capital to hire key talent to expand the core integration platform and scale operations.

Zeto: $31 Million (Series B) Raised For Transforming EEG Brain Monitoring

By Amit Chowdhry ● Jan 10, 2025

Zeto - a rapidly growing medical technology company transforming EEG diagnostics with its cutting-edge devices and AI-driven cloud platform, has announced the closing of a $31 million funding round.