Archives

Cresset Acquires Connable Office To Enhance Services

By Amit Chowdhry ● Jun 13, 2024

Cresset Asset Management announced its acquisition of The Connable Office, one of the nation's oldest multi-family offices. Based out of Kalamazoo, Michigan and organized as a private trust company, Connable has been carried forward for over 130 years. With this acquisition, the combined firm will manage more than $52 billion in assets on behalf of high-net-worth and ultra-high-net-worth clients.

Voodoo Buying BeReal For €500 Million

By Amit Chowdhry ● Jun 13, 2024

France-based mobile and game publisher company Voodoo announced it has acquired BeReal for €500 million. In connection with the acquisition, BeReal co-founder and CEO Alexis Barreyat will leave the company following a transition period. And Wizz CEO Aymeric Roffé (a Voodoo social media app) will become BeReal’s CEO.

Better Health: Support And Supplies Platform Company Raises $14 Million

By Amit Chowdhry ● Jun 13, 2024

Better Health, a medical supply and support provider built on peer-to-peer connection, announced today a $14 million strategic funding round which included investments from Healthworx, the innovation and investment arm of CareFirst Inc., UHealth - University of Miami Health System, and Mosaic General Partnership. This investment underscores the industry’s recognition of Better Health’s pivotal role in revolutionizing healthcare delivery for chronic conditions.

Pyte: Computation Security Platform Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

Pyte, a secure computation platform for data-first global enterprises, today announced $5 million in additional capital, bringing the total funding to over $12 million. This funding round was led by Myriad Venture Partners with participation from Innovation Endeavors, Liberty Mutual Strategic Ventures, Pillar VC, and others. Dean Mai (co-founder and managing partner for Myriad Venture Partners) will also join Pyte’s Board of Directors.

Yext To Buy Hearsay Systems For At Least $125 Million

By Amit Chowdhry ● Jun 12, 2024

Yext, a leading digital presence platform for multi-location brands, announced that it has entered into a definitive agreement to acquire Hearsay Systems, a global leader in digital client engagement for financial services, for $125 million and up to an additional $95 million if certain performance targets are achieved.

Marsh McLennan’s Mercer Buying Cardano

By Amit Chowdhry ● Jun 12, 2024

Mercer (a business of Marsh McLennan and a leader in reshaping retirement and investment outcomes and unlocking real health and well-being) announced that it reached an agreement to acquire Cardano. Launched in 2000, Cardano is a long-term savings specialist in the UK and the Netherlands, with about $66 billion in assets under management.

AirMDR: AI-Based Autonomous Managed Detection And Response Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

AirMDR, an AI-based Autonomous Managed Detection and Response (MDR), announced the closing of a $5 million Seed round of financing. This funding round was led by Foundation Capital with participation by Storm Ventures.

Formstack Buys Data Management Company Open Raven

By Amit Chowdhry ● Jun 12, 2024

Formstack, a leading form, document, and e-signature software provider, supporting over 32,000 customers worldwide, announced the acquisition of Open Raven, a leading data management and security company.

ImpriMed: Providing Personalized Medicine For Pets With Blood Cancer Diseases In A $1+ Billion Market

By Amit Chowdhry ● Jun 12, 2024

ImpriMed is a company that provides personalized medicine easily accessible for pets with blood cancer diseases. Pulse 2.0 interviewed ImpriMed CEO and co-founder Sungwon Lim to learn more about the company.

ZS Buying Digital Additive To Support Personalized Marketing Solutions

By Amit Chowdhry ● Jun 12, 2024

ZS, a global management consulting and technology firm, announced it has acquired Digital Additive, a leading Salesforce digital marketing agency that specializes in helping businesses leverage the Salesforce Marketing Cloud ecosystem to build data-driven and personalized marketing campaigns and deliver impactful results.

Tenable Buying Eureka To Bring Data Security Posture Management To Cloud Platform

By Amit Chowdhry ● Jun 12, 2024

Exposure management company Tenable Holdings announced that it has signed a definitive agreement to acquire Eureka Security, a provider of data security posture management (DSPM) for cloud environments. And Eureka Security helps security teams gain a holistic view into an organization’s cloud data security footprint, fight policy drift and misconfigurations that put data at risk, and improve their security posture over time. The acquisition is expected to close this month.

Cinnaire: $175 Million Equity Fund Closed To Create More Affordable Homes

By Amit Chowdhry ● Jun 12, 2024

Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, which is a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. This fund comprises 14 investors and will support the creation or preservation of 1,228 affordable multi-family homes across 22 properties in Michigan, Illinois, Indiana and Wisconsin.

Balance Point Capital: Strategic Investment In Essential Turbines Completed

By Amit Chowdhry ● Jun 12, 2024

Balance Point Capital Advisors, in connection with its affiliated funds Balance Point Capital Partners V, L.P., and Balance Point Capital Partners VI, L.P., announced an investment in Essential Turbines, a provider of maintenance, repair and overhaul (MRO) services for aircraft engines. And Balance Point provided debt and equity in support of the deal, along with private equity investment firm Swift Anchor Holdings.

Ashby: $30 Million Raised To Help Companies Scale Hiring Processes

By Amit Chowdhry ● Jun 12, 2024

Ashby, a recruiting platform that helps companies efficiently scale hiring, announced it has raised an additional $30 million in equity financing. Lachy Groom, who also led Ashby's seed round, led the Series C funding round, which included participation from Elad Gil, F-Prime, Y Combinator, and existing Ashby customers. So far, the company has raised roughly $70 million.

Tobiko Data: $4.5 Million Raised To Invest In Open Source Projects SQLMesh And SQLGlot

By Amit Chowdhry ● Jun 12, 2024

Data infrastructure company Tobiko Data announced that it has raised a $4.5 million seed funding round from Unusual Ventures and a $17.3 million Series A led by Theory Ventures with participation from 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani. And Tomasz Tunguz (founder of Theory Ventures) will join the Board as part of the investment. This brings the company’s total funding raised to $21.8 million.

Dive: Particle-Based Simulation Company Raises $10 Million

By Amit Chowdhry ● Jun 12, 2024

Berlin-based Dive Engineering Software, a pioneering cloud-native and particle-based simulation software company, announced it raised a $10 million Series A led by the D. E. Shaw group to elevate how manufacturing enterprises engineer products through fluid simulation. Additional investors included First Momentum Ventures, Segenia Capital, and Senovo Capital.

WindBorne Systems: $15 Million Raised To Scale Balloon Constellation

By Amit Chowdhry ● Jun 12, 2024

Atmospheric sensing system company WindBorne Systems announced $15 million in Series A funding led by Khosla Ventures, which will take a board seat. And existing investors Footwork VC, Pear VC, and Convective Capital also joined the round.

AcuityMD: $45 Million Raised To Advance Commercial Intelligence Platform For Medical Technology Manufacturers

By Amit Chowdhry ● Jun 12, 2024

AcuityMD announced $45 million in new funding to expand its commercial intelligence platform and advance the company’s mission of accelerating the adoption of medical technology (MedTech). The Series B round was led by ICONIQ Growth, with additional participation from Atreides Management and Stepstone Group and existing investors Redpoint Ventures, Benchmark Capital, and Artisanal Ventures.

Cognizant Buying Belcan For About $1.3 Billion

By Amit Chowdhry ● Jun 12, 2024

Cognizant announced it signed a definitive agreement to acquire Belcan, a portfolio company of AE Industrial Partners and a leading global supplier of Engineering Research & Development (ER&D) services, at a purchase price of about $1.3 billion in cash and stock, subject to customary adjustments.

Axena Health: Female Pelvic Health Company Secures Over $9 Million

By Amit Chowdhry ● Jun 12, 2024

Axena Health, a medical device company emphasizing female pelvic health, announced it has closed on an additional $9.4 million in its Series A fundraising. Cross-Border Impact Ventures (CBIV) co-invested along with existing investors AXA IM Alts through its Global Healthcare Private Equity Strategy, KOFA Healthcare, and Avestria Ventures.

Neural Concept: Engineering AI Platform Company Closes $27 Million In Funding

By Amit Chowdhry ● Jun 12, 2024

Neural Concept, a leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, announced that it has raised $27 million in a Series B funding round. The funding round was led by Forestay Capital, with the D. E. Shaw group and existing investors Alven, CNB Capital, HTGF, and Aster Group also participating.

Robinhood Buying Bitstamp In $200 Million Deal

By Amit Chowdhry ● Jun 12, 2024

Robinhood Markets entered into an agreement to buy Bitstamp, a global cryptocurrency exchange. Bitstamp was launched in 2011 and has offices in Luxembourg, the UK, Slovenia, Singapore, and the US.

Sirion Buying Eigen To Advance Document AI Technology

By Amit Chowdhry ● Jun 12, 2024

Sirion (see Pulse 2.0 profile here), a category leader in AI-native contract lifecycle management (CLM), announced the acquisition of Eigen Technologies, a market leader in Document AI for financial services and insurance that has pioneered data extraction and AI governance.

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.