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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.