Archives

Farther: Wealth Management Firm Surpasses $3 Billion In AUM

By Amit Chowdhry ● Jul 17, 2024

Farther, a leading technology-centric wealth management firm, announced 32 new strategic hires and the firm’s AUM surpassed $3 billion. These new strategic hires strengthen Farther’s ability to deliver its first-of-its-kind wealth management approach that combines custom-built, world-class technology with the bespoke financial expertise of a traditional wealth advisor.

Escala Raises $12 Million Raised To Help Latin SMBs Optimize Processes

By Amit Chowdhry ● Jul 17, 2024

Escala - a company founded by tech entrepreneur Andrés Moreno - offers a marketing and sales platform aimed at digitizing and optimizing client acquisition and retention for small and medium-sized businesses (SMBs) in Latin America and the US Hispanic market. The company recently completed a $12 million funding round co-led by IGNIA and Alaya Capital, with participation from High Alpha and other investors.

Amity: $60 Million Raised For Transforming Legacy Products With AI

By Amit Chowdhry ● Jul 17, 2024

Amity Solutions (ASOL)—a leading software and AI business from Thailand and its parent company, Amity Corporation—announced the completion of a US$60 million Series C financing round. This funding round will support the company's mission to transform customer engagement software products into GenAI-centric applications that can create significantly more value and utility for enterprises.

Menlo Ventures And Anthropic Launching $100 Million Anthology Fund For Accelerating AI Innovation

By Amit Chowdhry ● Jul 17, 2024

Venture capital firm Menlo Ventures announced the Anthology Fund, a groundbreaking $100 million initiative created in partnership with Anthropic, which is the frontier AI safety and research company. The Anthology Fund looks to partner with innovative founders for building unique AI-first applications and infrastructure solutions that leverage Anthropic’s technology and AI models.

Tembo: Postgres-Managed Company Raises $14 Million In Series A

By Amit Chowdhry ● Jul 17, 2024

Postgres-managed service Tembo announced it has closed a $14 million Series A funding round. GreatPoint Ventures led the investment with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, along with several renowned angels.

appCD: Offering A New Approach To Solving The Challenges Of Infrastructure As Code

By Amit Chowdhry ● Jul 17, 2024

appCD is a company that generates Infrastructure from code automatically based on application code with golden standards applied. Pulse 2.0 interviewed appCD co-founder and CEO Sachin Aggarwal to learn more about the company.

Freshpaint: Healthcare Privacy Platform Company Closes $30 Million In Series B

By Amit Chowdhry ● Jul 17, 2024

Healthcare Privacy Platform company Freshpaint announced it raised $30.7 million in Series B funding led by Threshold, with additional participation from new investor SignalFire and existing investors Intel Capital, Y Combinator, and Zero Prime. This round brings Freshpaint's total funding to date to $41.8 million.

Benchmark Analytics: Strategic Growth Funding From PSG Equity

By Amit Chowdhry ● Jul 17, 2024

Benchmark Analytics—a SaaS-based, data-driven enterprise analytics platform that enables public safety agencies to improve the performance and wellness of their workforce while also helping to reduce risk—announced a strategic growth investment from PSG Equity. PSG is a leading growth equity firm that partners with software and technology-enabled services companies to navigate and capitalize on transformational growth.

Adona Medical: $33.5 Million Raised To Deliver Advanced Solutions For Heart Failure

By Amit Chowdhry ● Jul 17, 2024

Adona Medical, a company that aims to deliver advanced solutions for heart failure, announced it has secured $33.5 million in Series C financing. The funding round will be used to further product development and to initiate clinical use of the company's adjustable interatrial shunt with integrated bi-atrial pressure monitoring.

Sovereign’s Capital Closes Over $60 Million In Commitments For Fund IV

By Amit Chowdhry ● Jul 17, 2024

Sovereign’s Capital (a diversified alternative asset manager dedicated to excellence in faith-driven investing) has closed its largest venture capital fund to date, Venture Capital Fund IV, LP, with over $60 million in committed capital.

Index Ventures: $2.3 Billion In New Funds Raised

By Amit Chowdhry ● Jul 17, 2024

Index Ventures, a leading global venture capital firm, announced $2.3 billion in new funds to drive relationships with exceptional entrepreneurs who are creating transformative, category-defining businesses. When combined with Index’s existing $300 million Origin seed fund, Index is deploying $2.6 billion in capital to back founders from seed to IPO. This brings Index’s total capital raised to $15 billion since its founding.

Viridi: An Interview With CEO Jon M. Williams About This Fast-Growing Lithium-Ion Battery Company

By Amit Chowdhry ● Jul 17, 2024

Buffalo-based Viridi Parente is a company that specializes in point-of-use lithium-ion battery technology. Pulse 2.0 interviewed Viridi CEO Jon M. Williams to learn more about the company.

Latham & Watkins Brings In New Partners To London, Boston, And Frankfurt

By Amit Chowdhry ● Jul 17, 2024

Global law firm Latham & Watkins LLP revealed that it has added new partners to its offices in London, Boston, and Frankfurt. These are the details.

Wealth Enhancement Group Buys $123+ Million Hybrid RIA Peak Financial

By Amit Chowdhry ● Jul 17, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $85.4 billion in client assets, announced it acquired Peak Financial Services, a hybrid RIA located in Northborough, Massachusetts. Peak Financial Services oversees more than $123 million in client assets and is led by Founder & President, Kevin O'Brien, CFP, AIF, CAP.

DLA Piper: Hiring Of Gregory Saiontz, Camilla Wollan, Tanya Greene, And Michael Fleischman

By Amit Chowdhry ● Jul 17, 2024

DLA Piper recently announced the hiring of Gregory Saiontz, Camilla Wollan, Tanya Greene, and Michael Fleischman for various roles. These are the details.

White & Case Expands Germany-Based Team With New Hires

By Amit Chowdhry ● Jul 16, 2024

Global law firm White & Case LLP announced it has expanded its Global Capital Markets Practice, its Global Financial Institutions Industry Group, and its Global Private Equity Industry Group, with the addition of partners Oliver Seiler and David Rath in Germany, where they will be based in Frankfurt.

Dentons Reveals New Hires In Melbourne And DC Offices

By Amit Chowdhry ● Jul 16, 2024

Dentons has revealed a couple of new hires. These are the details.

LPL Reveals New Team Additions: Danielle Qualls, First Summit, Zack Wealth, Countiss, Integrity, And Summit Planning

By Amit Chowdhry ● Jul 16, 2024

Over the last couple of weeks, LPL announced a number of team additions. These are the details.

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.