Archives

Infinitum: Air-Core Motor Company Raises $35 Million

By Amit Chowdhry ● Jul 16, 2024

Infinitum, the creator of the sustainable air-core motor, announced today it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group.

INNOTEX Raises Funding From Clearspring Capital Partners

By Amit Chowdhry ● Jul 16, 2024

Clearspring Capital Partners announced an investment in INNOTEX alongside founder Louis Carpentier and existing management.

HammerTech: Construction Safety Software Company Raises $70 Million

By Amit Chowdhry ● Jul 16, 2024

Construction safety software company HammerTech announced plans to accelerate business expansion and product innovation following a $70 million (A$105 million) growth investment from US-based Riverwood Capital, one of the leading investment firms solely dedicated to technology growth and scalability.

Kingsview Partners Opens New Michigan Office With Wealth Managers | Partners Acquisition

By Amit Chowdhry ● Jul 16, 2024

Kingsview Partners announced that Wealth Managers | Partners Chris Kramer and Alan Gieleghem have officially joined Kingsview Partners in Rochester Hills, Michigan. With previous roles in the entertainment and education industries, the team has combined experience and credentials help them provide expertise for individuals, families, and businesses.

Commonwealth Financial Adds $300 Million Terramar Wealth Team

By Amit Chowdhry ● Jul 16, 2024

Commonwealth Financial Network, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announced that Terramar Wealth of Carlsbad, California, has joined its network of independent financial advisors. Previously with Osaic, the team reported serving over $300 million in client assets. The advisors include Mike Gallop, CFP, AIF, Danny McMahon, Steve Statzer, Steve Rubinstein, Greg Fox, Jeffrey Gardner, and Todd Oberlin, and are joined by Pat Posada, director of compliance.

Arkadios Capital Brings In $850 Million Advisory Group Gulf Coast Wealth Management

By Amit Chowdhry ● Jul 16, 2024

New Orleans-based Gulf Coast Wealth Management announced it has moved its $850 million in assets under advisement to Arkadios Capital, a fast-growing hybrid broker-dealer disrupting the financial services industry.

OIC: Growth Fund I Closed Above Target At $370 Million

By Amit Chowdhry ● Jul 16, 2024

Orion Infrastructure Capital (OIC), a US middle-market infrastructure manager, announced it has successfully concluded the fundraising of its inaugural Infrastructure Growth Fund. This fund raised over $370 million in commitments, surpassing the initial target size of $350 million.

Scoop Analytics: Bringing A New Approach To Accelerated Business Performance In A $50+ Billion Market

By Amit Chowdhry ● Jul 16, 2024

Scoop Analytics is a company that offers a radical new approach to driving business performance by slashing the barriers analysts face in gathering, manipulating, and analyzing core business data. Pulse 2.0 interviewed Scoop Analytics CEO Brad Peters to learn more about the company.

Off Paper: Democratizing Quality Education For Children In Underrepresented Communities

By Amit Chowdhry ● Jul 16, 2024

Off Paper is an edtech nonprofit organization committed to democratizing quality education for children in vulnerable communities through the use of technology. Pulse 2.0 interviewed Off Paper founder Chloe Heng to learn more.

BlackRock’s Assets Hit $10.65 Trillion

By Amit Chowdhry ● Jul 16, 2024

The assets managed by BlackRock has hit a record $10.65 trillion as of the second quarter due to an increase in client asset values. Investors also put in a significant amount of funds into the company’s exchange-traded funds (ETFs).

Simpson Thacher Expanding European Private Credit Team With New Hire

By Amit Chowdhry ● Jul 16, 2024

Simpson Thacher & Bartlett LLP announced that Hadrien Servais will join the Firm’s Alternative Capital and Private Credit group, where he will lead the European Private Credit team.

Honeywell Buying LNG Technology From Air Products For $1.81 Billion

By Amit Chowdhry ● Jul 16, 2024

Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x the estimated 2024 EBITDA.

team.blue Raises €550 Million At €4.8 Billion Valuation

By Amit Chowdhry ● Jul 16, 2024

team.blue, which is Europe’s leading digital enabler for entrepreneurs and SMBs, announced a significant investment from Canada Pension Plan Investment Board (CPP Investments).

EP Wealth Advisors Acquiring $700 Million (AUM) Sloan Investment Management

By Amit Chowdhry ● Jul 16, 2024

EP Wealth Advisors - a leading independent registered investment adviser (RIA) with an expanding national presence and client base - announced the acquisition of Dallas-based Sloan Investment Management. This partnership adds about $700 million in assets under management (AUM), bringing EP Wealth’s total AUM in the Dallas region to over $1 billion, and $25.2 billion nationwide.

Alston & Bird: 3 Lateral Partners Added To Support Corporate, Healthcare, And Real Estate Practices

By Amit Chowdhry ● Jul 16, 2024

Alston & Bird announced it has strengthened its Corporate, Health Care, and Real Estate practices with the addition of 3 new partners. Dave Zampa (focuses on complex M&A transactions, health care, and life sciences) and Erin Felchner (concentrates on real estate finance) will join the firm’s new Chicago office. And Brielle Cuskelly (handles real estate and real estate finance matters) will reside in the firm’s new Century City office.

Infinite Reality Raises $350 Million At $5.1 Billion Valuation And Buys Landvault For $450 Million

By Amit Chowdhry ● Jul 16, 2024

Infinite Reality (iR), a company powering the next generation of digital media and e-commerce through AI and immersive technologies, announced a $350 million minority investment from a private multi-family office focused on global technology, media, and real estate, bringing the company’s valuation to $5.1 billion. This funding, which is in equity and not debt, is new and separate from iR’s goal of completing the previously announced SPAC deal.

Baker McKenzie Expands Africa-Based Transactional Practice With New Hires

By Amit Chowdhry ● Jul 16, 2024

Global law firm Baker McKenzie announced that leading Banking & Finance lawyers Phetole Modika and Pitso Kortjaas have joined the firm as Banking & Finance partners in Johannesburg, augmenting Baker McKenzie's transactional capabilities. They were previously partners (directors) in the Finance & Banking Practice at Cliffe Dekker Hofmeyr in South Africa. And they are joined by their team Director Designate Sabelo Goma, Senior Associate Koketso Maake and Associate Nyameka Nkasana.

OT/3NDx: This Healthcare Platform Is Guiding Personalized Treatment Selection For Breast Cancer Therapies

By Amit Chowdhry ● Jul 16, 2024

Onconostic Technologies -3N Diagnostics Group (OT/3NDx), is an oncology company that already has an immunohistochemistry (IHC) tumor biopsy assay to guide personalized treatment selection for hormonal therapy, chemotherapy, and immunotherapy for breast cancer patients. Pulse 2.0 interviewed OT/3NDx founder and Chairman Dr. Partha Ray, MD, to learn more about the company.

Alvys: Logistics Operating Platform Company Raises $20.5 Million In Series A

By Amit Chowdhry ● Jul 15, 2024

Alvys, a logistics operating platform for logistics and supply chain management, today announced it has raised $20.5 million in a Series A funding round. This funding round was led by Titanium Ventures (formerly Telstra Ventures), with new investor Picus Capital and existing investors RTP and Bonfire.

Modicus Prime: $3.5 Million Closed To Automate Biologics Image Analysis

By Amit Chowdhry ● Jul 15, 2024

Modicus Prime - a resident at Johnson & Johnson Innovation – JLABS @ TMC - announced today that it completed a $3.5 million series seed funding led by Silverton Partners, with additional backing from Alumni Ventures and other leading venture firms. In connection with the funding round, Silverton Partners' Roger Chen joins the Company's board of directors.

UNCAGED Innovations: $5.6 Million Raised To Create Sustainable Leather From Grains At Scale

By Amit Chowdhry ● Jul 15, 2024

UNCAGED Innovations, a biomaterial company that is creating sustainable leather from grains at scale, has raised an oversubscribed $5.6M Seed investment. The funding round was co-led by Green Circle Foodtech Ventures and Fall Line Capital, with participation from Ponderosa Ventures, Golden Seeds and existing investor InMotion Ventures, the investment arm of JLR (Jaguar Land Rover).

Adaptive: Construction-Focused Financial Automation Platform Raises $19 Million In Series A

By Amit Chowdhry ● Jul 15, 2024

Adaptive, a leading financial automation platform working to transform how businesses in the construction industry manage their money, announced it secured a $19 million Series A funding round today. This investment was led by Emergence Capital along with participation from Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group, and Gokul Rajaram. And the funding brings Adaptive's total capital raised to $26.4 million.

Scaler: $10 Million In Series A Raised To Advance Platform For Decarbonizing Real Estate

By Amit Chowdhry ● Jul 15, 2024

Scaler, a company focused on decarbonizing real estate with machine learning, ESG data collection, and reporting announced it had raised $10 million led by Plural in Series A funding. This funding round, which included participation from previous investor Base10, will be used to develop the product further, grow the engineering team, and expand to new markets beyond Europe to set a new standard in ESG decision-making.

NOWDiagnostics: OTC And POC Diagnostic Test Company Raises $22.5 Million In Series B

By Amit Chowdhry ● Jul 15, 2024

NOWDiagnostics (NOWDx), a developer of over the counter (OTC) and point-of-care (POC) diagnostic tests, announced it has raised $22.5 million in Series B financing. Led by DigitalDx Ventures, with notable investment from the Labcorp Venture Fund and Kompass Kapital Management, this oversubscribed funding round will be used to drive the commercialization of at-home diagnostic tests, continue developing new diagnostic innovations, expand the pipeline of tests, and support strategic hiring initiatives.

epilot: €10 Million Secured To Help Power Green Energy Transition

By Amit Chowdhry ● Jul 15, 2024

epilot, a platform powering the green energy transition through digital transformation, announced it had raised €10 million from Expedition Growth Capital. The new funding round will be used to accelerate its product roadmap and empower leading energy and utility companies to adopt renewable energy through seamless technology. And Expedition partner Will Sheldon join epilot’s advisory board.

DigniFi: Auto Repair Financing Company Raises $175 Million

By Amit Chowdhry ● Jul 15, 2024

DigniFi, a leading FinTech company that specializes in automobile repair financing, is thrilled to announce the addition of two new strategic funding partners on May 14, 2024. And Encina Lender Finance provides up to a $150 million credit facility while Brigade Capital Management contributes an additional $25 million in debt financing.

The Lasso: Car Bidding Company Raises $9.8 Million

By Amit Chowdhry ● Jul 15, 2024

Online car bidding platform The Lasso (previously known as Revv) announced it has raised $9.8 million in early-stage funding as it prepares to expand nationwide. This funding round - which was split in three tranches - led to a seed round. Crosslink Capital and Manresa Ventures were the lead investors, while Contour Venture Partners, Liquid2 Ventures, Ritual Capital, Correlation Ventures, and other firms also joined the round.

Zetaris: Simplifying And Expediting Data Analysis In A $184 Billion Market

By Amit Chowdhry ● Jul 15, 2024

Zetaris is a unique analytical data virtualization solution that simplifies and expedites data analysis. It is decentralized, so data doesn't have to be moved into a centralized data warehouse, cloud, or lake for analysis. Pulse 2.0 interviewed Zetaris founder and CEO Vinay Samuel to learn more about the company.

Concrete.ai: Helping Save Concrete Producers Millions And Deliver More Sustainable Concrete Solutions

By Amit Chowdhry ● Jul 15, 2024

Concrete.ai is a company using generative AI to optimize concrete mix designs for any combination of cost, performance, and carbon reduction, which can save concrete producers millions of dollars and cut carbon by up to 30% in just one month. Pulse 2.0 interviewed Concrete.ai CEO Alex Hall to learn more about the company.

Endor Labs: Strategic Investment Raised From Citi Ventures

By Amit Chowdhry ● Jul 15, 2024

Supply chain security software leader announced a strategic investment from Citi Ventures today. This investment further validates Endor Labs’ unique approach to securing the software supply chain and it comes less than a year after the company raised $70 million in an oversubscribed Series A funding round from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32 and more than 30 industry-leading CEOs, CISOs and CTOs.