Archives

Avolon: Aviation Finance Company Raises $750 Million Unsecured Bank Facility

By Amit Chowdhry ● Jun 24, 2024

Global aviation finance company Avolon announced it has raised $750 million in a new unsecured credit facility with a syndicate of seven banks mostly in the Middle East and India. The deal diversifies Avolon’s sources of capital, accessing new liquidity pools with significant interest in high-quality lending opportunities in the aviation sector.

PwC: Jamie Peel Named As Director Of Lead Advisory Team

By Amit Chowdhry ● Jun 24, 2024

PwC announced it has invested further in its Deals practice by appointing Jamie Peel as Director in its Lead Advisory team. Peel will lead the special situations and restructuring M&A offerings across the North of England, working as an integrated part of PwC’s national team in this area.

Wealth Enhancement Group Acquires $219 Million RIA Atlas Fiduciary Financial

By Amit Chowdhry ● Jun 24, 2024

Wealth Enhancement Group, a national independent wealth management firm with $85 billion in client assets, announced it acquired Atlas Fiduciary Financial, an independent RIA with two offices in Sarasota, Florida and Oakland, New Jersey.

GrayMatter: AI-Based Robotics Company Raises $45 Million In Series B Funding

By Amit Chowdhry ● Jun 24, 2024

GrayMatter Robotics, an AI-based robotics leader empowering humans with intelligent automation, announced $45 million in Series B funding. Wellington Management led the funding round, which also included NGP Capital, Euclidean Capital, Advance Venture Partners, SQN Venture Partners, and other existing investors 3M Ventures, B Capital, Bow Capital, Calibrate Ventures, OCA Ventures, and Swift Ventures.

Gynger: Corporate Technology Purchasing Platform Company Raises $20 Million In Series A

By Amit Chowdhry ● Jun 24, 2024

Gynger—the first embedded financing platform for technology purchases—announced that it has raised $20 million in Series A funding, led by PayPal Ventures and with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures, and Deciens Capital.

Maxterial: Material Science Company Raises Nearly $8 Million In Series A

By Amit Chowdhry ● Jun 24, 2024

Maxterial, a technology company focused on pioneering advancements in material science, including the commercialization of advanced coatings, announced the successful closure of its Series A funding round at nearly $8 million. This milestone emphasizes Maxterial's rising influence in disruptive material science technologies and its commitment to reshaping traditional industry norms with dynamic and environmentally responsible solutions.

NewEdge Advisors Brings In $540 Million RIA Team Stonebridge Financial Partners Of Michigan

By Amit Chowdhry ● Jun 24, 2024

NewEdge Advisors, a leading New Orleans-based RIA supporting successful independent financial advisors nationwide, announced that Stonebridge Financial Partners, a Michigan-based team, has joined the firm from Carson Wealth where they were overseeing approximately $540 million in client assets.

SES: Successful Syndication And Raising Of €3 Billion Acquisition Financing

By Amit Chowdhry ● Jun 24, 2024

SES S.A. announced the successful syndication of a €3 billion equivalent acquisition financing package to support the earlier announced agreement for SES to acquire Intelsat S.A. Before the Intelsat deal announcement, Deutsche Bank AG and Morgan Stanley jointly underwrote a €3 billion bridge facility to support SES’s financing requirements as part of the agreement to acquire Intelsat.

Insightec: Focused Ultrasound Company Raises $150 Million

By Amit Chowdhry ● Jun 24, 2024

Insightec, a healthcare company dedicated to using focused ultrasound to transform patient care, announced it has raised an oversubscribed $150 million in equity financing. This round was led by Fidelity Management & Research Company and co-led by Nexus Neurotech Ventures and Ally Bridge Group.

Vehya: $2.1 Million Seed Funding Raised To Drive Innovation In The Service Industry

By Amit Chowdhry ● Jun 24, 2024

Vehya, an easy-to-use mobile app dedicated to automating the installation, repair, and routine maintenance processes for home and small business services, announced the successful completion of a $2.1 million seed funding round. And the funding will enhance the platform's AI capabilities, expand its service offerings, and accelerate growth in key markets like California, Texas, Florida, Maryland, and Michigan.

Fay: Helping Dietitians Reach More Americans And Build Private Practices With AI-Based Tools

By Amit Chowdhry ● Jun 24, 2024

Fay is an online platform that gives Americans access to Registered Dietitians through their insurance and empowers dietitians to build private practices with Fay's AI-powered tools. Pulse 2.0 interviewed Fay co-founder and CEO Sam Faycurry to learn more about the company.

LPL Financial Adds $250 Million Russell Wealth Partners Team

By Amit Chowdhry ● Jun 24, 2024

LPL Financial announced that financial advisor Tom Russell, CFP, and his sons Brian Russell and Charles Russell have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Russell Wealth Partners. And the family team reported serving approximately $250 million in advisory, brokerage and retirement plan assets and joins LPL from Merrill Lynch. They will operate out of the Linsco suite at LPL’s San Diego campus.

Riskonnect Buying GRC Enterprise Software Company Camms

By Amit Chowdhry ● Jun 24, 2024

Riskonnect, a leader in integrated risk management (IRM) solutions, announced the acquisition of Camms, a leading provider of enterprise cloud-based software for governance, risk, and compliance (GRC). And this acquisition fuels innovation for Riskonnect and drives new value for customers of the combined organization by equipping them to bring all aspects of risk under one roof with an enhanced suite of solutions.

Transtar Holding Acquiring Aftermarket Parts Company PPi Automotive

By Amit Chowdhry ● Jun 24, 2024

Blue Point Capital Partners and its portfolio company Transtar Holding Company announced the acquisition of PPi Automotive, a family-owned and -operated automotive parts wholesale distributor. The deal marks Transtar Holding Company’s third general repair acquisition and fourth acquisition overall since February 2023.

Aymium: Renewable Biocarbon Product Company Raises $50 Millino

By Amit Chowdhry ● Jun 24, 2024

Aymium, a leading producer of renewable biocarbon products, announced that it has secured IP-backed debt financing from certain affiliates of Fortress Investment Group and Kilonova Capital. This credit facility provides working capital to support Aymium's continued capacity growth, research and development, and expansion of its patent portfolio.

Entro: Non-Human Identity Security Company Raises $18 Million In Series A

By Amit Chowdhry ● Jun 24, 2024

Entro Security, a Non-Human Identity (NHI) security company and the developer of an award-winning NHI and Secrets Management platform, announced it has closed an $18 million Series A round, led by Dell Technologies Capital with the participation of seed investors Hyperwise Ventures and StageOne Ventures, and angel investors like Rakesh Loonkar and Mickey Boodaei. And Entro will use the funding to scale global operations and meet the strong demand for its platform across key industries. Entro has raised $24 million since exiting stealth last year.

Trustwise: Gen AI Performance And Risk Management Company Raises $4 Million In Seed Funding

By Amit Chowdhry ● Jun 24, 2024

Trustwise, a generative AI (Gen AI) application performance and risk management, announced its official launch, the release of its Optimize:ai product, and $4 million in seed financing. The round was led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures.

Amplify: $20 Million Series B Closed To Transform Wealth-Building With Permanent Life Insurance

By Amit Chowdhry ● Jun 24, 2024

Amplify Life Insurance, a leading digital platform transforming wealth-building through permanent life insurance, announced today it has secured $20 million in a Series B funding round co-led by Crosslink Capital and Anthemis. The new investors Moneta Ventures and Evolution Ventures joined the round, with continued support from existing investors Greycroft, Munich Re Ventures, and Foxe Capital.

Clip: Mexico-Based Digital Payments Company Raises $100 Million

By Amit Chowdhry ● Jun 24, 2024

Clip - which is Mexico's leading digital payments and commerce enablement platform - announced that it has secured an investment round of US$100 million from investment funds managed by Morgan Stanley Tactical Value (MSTV) and from one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed in 2021.

Legato Security: MDR And MSSP Company Secures Funding

By Amit Chowdhry ● Jun 24, 2024

Legato Security, a premier Managed Detection and Response (MDR) and Managed Security Services Provider (MSSP) company based in Salt Lake City, Utah announced it has received a capital investment to support its strategic growth. The funding round was led by Level Structured Capital (an affiliate of Level Equity) and SageLink Capital.

SewerAI: Sewer Condition Assessment Company Raises $15 Million In Series B

By Amit Chowdhry ● Jun 23, 2024

SewerAI, a leader in AI and cloud-driven sewer condition assessment, announced the completion of a $15 million Series B funding round. This funding round was led by Innovius Capital, with additional funding from Emerald VC, Epic Ventures, Suffolk Technologies, Bentley Systems, Burnt Island Ventures, and notable individual investors, including Zachary Bookman, founder and CEO of OpenGov, and the CEOs of several elite AI and computer vision companies.

Hark: Voice of Customer (VoC) Platform Company Raises $3.5 Million In Seed Funding

By Amit Chowdhry ● Jun 23, 2024

Hark, a Voice of Customer (VoC) platform company, announced an oversubscribed $3.5 million seed round, led by Oceans Ventures. Converge VC, Atman Capital, Alumni Ventures, BDMI Fund, Tenzing Capital and strategic angel investors also joined the seed round.

Marigold Health: Peer Recovery Support Company Secures $11 Million In Series A

By Amit Chowdhry ● Jun 23, 2024

Marigold Health, a peer recovery innovator, announced the closing of an $11 million Series A fundraise. The funding round was led by Rock Health and Innospark Ventures with additional investment from the Commonwealth Care Alliance (CCA), Wavemaker360, Stand Together Ventures Lab, Epsilon Health Investors, Koa Labs, VNS Health Plan and KdT Ventures.

Zencity: Government Technology Company Secures $40 Million In Series C Funding

By Amit Chowdhry ● Jun 23, 2024

Zencity, a leading community engagement platform for local governments that features 8 in 10 of America’s largest cities among its customers, announced a $40 million Series C investment led by StepStone Group, with participation from existing investors TLV Partners. This brings the company's total raised to $91 million and represents a meaningful increase in valuation from its previous fundraise.

Refactor: Fund 4 Closed At $50 Million To Invest In Healthtech, Bio, And Climate Companies

By Amit Chowdhry ● Jun 23, 2024

Refactor Capital, which solo capitalist Zal Bilimoria leads, has closed the $50 million Fund 4.

Iambic Therapeutics: $50 Million Closed To Develop Novel Therapeutics With AI-Driven Discovery

By Amit Chowdhry ● Jun 23, 2024

Iambic Therapeutics, a clinical-stage biotechnology company developing novel therapeutics utilizing a unique AI-driven discovery platform, announced the closing of an oversubscribed $50 million extension to its Series B financing. The Series B extension was led by new investors Mubadala Capital and Exor Ventures, with participation from Qatar Investment Authority (QIA), and existing investors Abingworth, Illumina Ventures, Nexus Venture Partners, Coatue, and Tao Capital Partners.

SurrealDB: Multi-Model Database Company Raises $20 Million

By Amit Chowdhry ● Jun 23, 2024

Multi-model database company SurrealDB announced it raised $20 million in funding, led by FirstMark and Georgian and with participation from Crew Capital and Alumni Ventures. This round brought SurrealDB's total to $26 million.

Fisher Investments Sells Minority Stake At $12.75 Billion Valuation

By Amit Chowdhry ● Jun 23, 2024

Fisher Investments (FI) announced that Advent International and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have agreed to make a minority investment in Ken Fisher’s namesake firm Fisher Investments. This investment by Advent and ADIA of at least $2.5 billion and up to $3 billion values FI at $12.75 billion.

RXO To Buy Coyote Logistics From UPS For $1.025 Billion

By Amit Chowdhry ● Jun 23, 2024

RXO entered into a definitive agreement to buy Chicago-based asset-light freight brokerage business Coyote Logistics for $1.025 billion from UPS. The deal is expected to close by the end of the year, subject to regulatory review and approval.

Equitable Advisors Brings In $326 Million Team

By Amit Chowdhry ● Jun 23, 2024

Equitable, a leading financial services organization and principal franchise of Equitable Holdings announced that Lori Brown and Jim Carroll have joined its wealth management business, Equitable Advisors.