Archives

Fizz: $14.4 Million Secured To Provide Young People With Debit Cards

By Amit Chowdhry ● Jun 12, 2024

Fizz has announced it has raised a $14.4 million Series Seed round to provide young people with a debit card that helps them avoid overspending. The funding was led by Kleiner Perkins, with participation from SV Angel, Y-Combinator, New Era Ventures, and the founders and operators behind ten unicorns, including Handshake, Postmates, and Public.com.

Doowii: $4.1 Million Raised To Build Data Analytics Solutions For Educators

By Amit Chowdhry ● Jun 12, 2024

Doowii, a provider of AI-driven data analytics solutions for educators, announced the successful closure of its latest fundraising round, securing $4.1 million in investments. This funding round included participation from prominent institutional investors, including GSV Ventures, Better Ventures, Avesta Fund, Imagine Learning Ventures, Strada Education Foundation, Reach Capital, and Common Sense Growth Fund.

Piper Sandler Acquiring Aviditi Advisors

By Amit Chowdhry ● Jun 12, 2024

Leading investment bank Piper Sandler Companies announced that it has entered into a definitive agreement to acquire Aviditi Advisors. Aviditi Advisors is an alternative investment bank offering full lifecycle services to financial sponsors and global alternative investment managers and limited partner investors with offices in New York City, Dallas, London and Munich.

Nasuni: Transforming A $51 Billion File Storage Market With A Cloud-Based Approach

By Amit Chowdhry ● Jun 12, 2024

Nasuni is a leading hybrid cloud storage solution that powers business growth with effortless scalability, built-in security, and fast edge performance using a unique cloud-native architecture. Pulse 2.0 interviewed Nasuni’s Chief Innovation Officer Data Intelligence and AI Jim Liddle to learn more about the company.

Bem: AI Data Interface Company Raises $3.7 Million

By Amit Chowdhry ● Jun 12, 2024

Bem, an AI data interface company building an advanced and easy-to-use platform that functions as a universal communication protocol, announced it raised $3.7 million in seed funding. Uncork Capital led the round, which included participation from Kevin Mahaffey, Roar Ventures, and renowned angel investors, including Garry Tan.

Aymium: $210 Million Raised To Finance Construction Of Biocarbon Production Facility In California

By Amit Chowdhry ● Jun 12, 2024

Aymium - a leading producer of renewable biocarbon products - closed $210 million of financing to construct a biocarbon production facility in Williams, California. This facility will support the first large-scale continuous use of advanced biocarbon to replace coal in power generation worldwide.

Texas Woman’s University Launches Virtual Training For Startups

By Amit Chowdhry ● Jun 12, 2024

The Jane Nelson Institute for Women’s Leadership’s Center for Women Entrepreneurs (CWE) at Texas Woman’s University launched a virtual training program to help early-stage entrepreneurs to start this businesses. The CWE is now accepting applications for the CWE Virtual Accelerator.

PostPilot Raises Strategic Funding From Summit Partners And Klaviyo Founders

By Amit Chowdhry ● Jun 12, 2024

Direct-mail marketing company PostPilot announced a strategic investment from global growth equity firm Summit Partners, with participation from Klaviyo founders Andrew Bialecki and Ed Hallen.

Clair: Enabling Employees To Get Paid Quickly With Fee-Free Access

By Amit Chowdhry ● Jun 12, 2024

Clair is a New York-based, pioneering fintech company offering free earned wage advances originated by a national bank. Pulse 2.0 interviewed Clair Co-Founder and President Alex Kostecki to learn more about the company.

Anterior: $20 Million Raised To Drive Healthcare Administrative Efficiencies

By Amit Chowdhry ● Jun 12, 2024

Anterior (previously named Co:Helm), an AI company built by clinicians to transform healthcare administration, today announced the completion of a $20 million Series A funding round. This funding round was led by New Enterprise Associates (NEA), with participation from Sequoia Capital, Blue Lion Global, and Neo.

Harlan Capital Partners: $130 Million Closed For Special Opportunities Fund V

By Amit Chowdhry ● Jun 12, 2024

Opportunistic private credit investment firm Harlan Capital Partners announced the closing of Harlan Special Opportunities Fund V LP (HSOF V) and its associated vehicles, raising about $130 million. This new funding surpasses the predecessor HSOF IV, which raised approximately $115 million.

Reco: How This Company Is Transforming The Identity-Centric Security Industry

By Amit Chowdhry ● Jun 12, 2024

Reco is an identity-centric SaaS security platform and it empowers organizations to discover their SaaS applications, identities, and data, control access and prevent the risk of exposure. Pulse 2.0 interviewed Reco Co-Founder and CEO Ofer Klein to learn more about the company.

iPiD: Payee Verification Company Raises $5.3 Million In Pre-Seed Funding

By Amit Chowdhry ● Jun 12, 2024

iPiD (International Payment Identity), a pioneer in global fintech, announced it had secured $5.3 million in a pre-Series A funding round. This oversubscribed funding round was led by Monk’s Hill Ventures. They are joined by global fintech venture funds QED Investors and Quona Capital, along with existing partners Jungle Ventures, 1982 Ventures, Saison Capital, and Resolution Ventures.

OnStation: $8.5 Million Raised To Advance Digital Stationing Solutions For Heavy Highway Industry

By Amit Chowdhry ● Jun 12, 2024

OnStation, a leading provider of digital stationing solutions for the heavy highway industry, announced the closing of its $8.5 million Series A round. The funding round was led by JumpStart Ventures (NEXT II Fund) and included participation from VisionTech Partners, Frontier Angels, Up2 Opportunity Fund, JobsOhio Growth Capital Fund, Next Chapter Ventures, North Coast Ventures, New Dominion Angels, and other angel investors.

Nexus: Zero-Knowledge Proofs Cryptography Company Raises $25 Million

By Amit Chowdhry ● Jun 12, 2024

Nexus Laboratories, a zero-knowledge cryptography company, announced it raised $25 million in Series A funding co-led by Lightspeed Venture Partners and Pantera Capital. This funding round included participation from Dragonfly Capital, Faction Ventures, and Blockchain Builders Fund.

Whoosh: Advanced Club Operations Platform Raises $10.3 Million

By Amit Chowdhry ● Jun 12, 2024

Whoosh, an advanced club operations software solution, announced the closing of its $10.3 million Series A funding round, led by AlleyCorp. And additional institutional investors participating in the round include 8VC, Alaris Capital, Bienville, Craft Ventures, Eberg Capital, Operator Partners, and Raptor Group.

Kestra Private Wealth Services Adds $500 Million Team In Ohio

By Amit Chowdhry ● Jun 12, 2024

Kestra Private Wealth Services (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, announced the addition of the financial professional team at Ohio-based Attain Wealth Partners to its platform. The firm’s personnel offer clients personalized solutions from wealth and investment management to retirement.

HYPR: Identity Assurance Company Raises $30 Million

By Amit Chowdhry ● Jun 12, 2024

Identity Assurance Company HYPR announced a $30 million investment from Silver Lake Waterman to accelerate technological advancements and combat the rising threat of generative AI-driven credential-based attacks.

Relay: $35 Million Secured To Improve Productivity For Frontline Teams

By Amit Chowdhry ● Jun 12, 2024

Relay, a cloud-based communications platform designed to improve productivity and safety for frontline teams, announced $35 million in Series B funding. G2 Venture Partners led the round, which included participation from existing investors Wind River Ventures and Sovereign's Capital.

Blackford Capital Buys Industrial Automation Leader PACIV

By Amit Chowdhry ● Jun 11, 2024

Blackford Capital, a leading lower middle market private equity firm, announced the acquisition of PACIV - which specializes in industrial automation solutions. PACIV is a leading full-service provider of industrial process automation and systems integration primarily for manufacturers in the pharmaceutical and life sciences industries.

The Sandbox: $20 Million Raised At $1 Billion Valuation Cap

By Amit Chowdhry ● Jun 11, 2024

Animoca Brands, the company advancing digital property rights for the open metaverse, and its subsidiary Bacasable Global Limited (operator of The Sandbox), a leading user-generated content (UGC) metaverse platform, announced that The Sandbox has raised $20 million of convertible promissory notes with a $1 billion valuation cap.

BankTech Ventures Reveals Three Recent Investments

By Amit Chowdhry ● Jun 11, 2024

BankTech Ventures, a strategic investment fund transforming community banking through innovative investments, announced its recent investments in three bank-enabling technology companies: Equabli, Filejet, and Monit. And these investments delivers essential solutions personalized to address critical challenges faced by community banks, including impending increase in customer delinquencies and attracting and retaining small-to-medium-sized businesses (SMBs) and adding more value to them.

Kardium: $104 Million Raised To Help Treat Atrial Fibrillation

By Amit Chowdhry ● Jun 11, 2024

Kardium, the developer of the Globe Mapping and Ablation System for the treatment of atrial fibrillation, announced it has raised $104 million in a new funding round. This funding round is led by existing investor Fidelity Management & Research Company, together with follow-on participation by funds and accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management and new investor Durable Capital Partners LP.

Summit Financial Brings In $1.9 Billion Team From Merrill Lynch

By Amit Chowdhry ● Jun 11, 2024

Summit Financial Holdings, a leading architect of advisor success and client satisfaction for over four decades, expanded its national footprint with the launch of SRM Private Wealth. Based in Pasadena, California, this newly formed independent practice is led by managing partner and private wealth advisor Richard McWhorter, CFP, CRPC. This is the eleventh firm this year to join Summit Growth Partners (SGP).

Booz Allen Acquires PAR Government Systems

By Amit Chowdhry ● Jun 11, 2024

Booz Allen Hamilton announced that it has acquired PAR Government Systems Corporation (PGSC), a wholly owned subsidiary of PAR Technology Corporation. This acquisition will combine PGSC’s edge technologies with Booz Allen’s expertise and digital battlespace solutions to accelerate and transform warfighter technology on the front lines.

Cube: $25 Million Raised To Help Companies Manage And Optimize Analytics Workflows

By Amit Chowdhry ● Jun 11, 2024

Cube, the provider of the universal semantic layer for every data app, announced it completed a $25 million funding round with new investor Databricks Ventures and was joined by all the previous investors, including Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures. And 645 Ventures Co-founder and Managing Partner Nnamdi Okike is now a board observer for Cube's Board of Directors.

EV3 Global Buys Countable To Enhance Employee Engagement

By Amit Chowdhry ● Jun 11, 2024

Countable, a leading platform for digital community engagement, announced it has been acquired by EV3 Global, a technology innovator in employment intelligence and AI. This deal expands EV3 Global’s capabilities by integrating an employee engagement solution and adding experts in Employee Experience to its team, enhancing EV3 Global’s ability to address the trillion-dollar employee turnover problem.

High Alpha: $125 Million Fund Closed For Fourth Fund

By Amit Chowdhry ● Jun 11, 2024

Venture firm High Alpha announced that it raised $125 million for its fourth and largest fund to date. Creating and investing in 90+ early-stage SaaS companies across North America since 2015, High Alpha IV is a strategic evolution that combines company building and investing into a single entity focused on helping entrepreneurs and the companies they lead reach their full potential.

Cognigy: AI-Based Customer Service Automation Company Raises $100 Million

By Amit Chowdhry ● Jun 11, 2024

Cognigy, a leader in AI-first customer service automation, announced that it has raised $100 million in Series C funding. The round was led by Eurazeo Growth, with participation from existing investors Insight Partners, DTCP, DN Capital, and others. The new funding round will accelerate Cognigy’s mission to deliver AI-first customer service at scale.

Keragon: AI-Based HIPAA-Compliant Automation Platform Raises $3 Million

By Amit Chowdhry ● Jun 11, 2024

Keragon, an AI-based HIPAA-compliant automation platform for healthcare, officially launched out of stealth and revealed that it raised $3 million in pre-seed funding. The pre-seed funding round was co-led by Focal and Afore, followed by 25 Madison Health - Lifepoint Health.