Archives

GIST Impact: Data And Analytics Company Raises Funding From UBS Next

By Amit Chowdhry ● Jun 27, 2024

GIST Impact, a leading provider of impact data and analytics, announced an investment from UBS Next, which is the leading universal Swiss bank’s venture and innovation unit.

Oral Surgery Partners Closes $75 Million Credit Expansion

By Amit Chowdhry ● Jun 27, 2024

Oral Surgery Partners (OSP) announced the closing of a $75 million credit expansion. The facility expansion, provided by the existing lending partners, will allow OSP to continue growing through this year and beyond.

Morgan Lewis Names Leonora Shalet As Partner In New York

By Amit Chowdhry ● Jun 27, 2024

Law firm Morgan Lewis is adding Leonora Shalet as a partner resident in New York to support its global private investment funds practice. And she joins from Schulte Roth & Zabel and will continue her focus on advising investment funds and investment advisers in connection with fund structuring, formation, and ongoing operational and compliance needs.

Indus Valley Partners: Strategic Growth Investment Raised From PPC Enterprises

By Amit Chowdhry ● Jun 27, 2024

Indus Valley Partners (IVP), a global provider of software and technology solutions to sophisticated investment managers, announced it has secured a strategic minority growth investment from PPC Enterprises (PPC), a specialist middle-market private equity firm. The terms of the agreement were not otherwise disclosed.

Eaton Building New EV Charging Network In Partnership With University Of Notre Dame

By Amit Chowdhry ● Jun 27, 2024

Intelligent power management company Eaton is collaborating with the University of Notre Dame to establish a new electric vehicle (EV) charging infrastructure for use by its students, faculty, staff, and maintenance fleet. The project will enable Notre Dame to meet the growing demand for EV charging across its campus and accelerate progress toward its goal of achieving carbon neutrality by 2050.

Holland & Knight Names Ryan Phelps As Partner In Houston

By Amit Chowdhry ● Jun 27, 2024

Holland & Knight announced it has welcomed Ryan Phelps as a partner in the Tax, Executive Compensation, and Benefits Practice Group in Houston. Most recently, Phelps was a partner at Kirkland & Ellis.

Heyday Health: Virtual-Forward Care Provider Company Secures $12.5 Million

By Amit Chowdhry ● Jun 27, 2024

Heyday Health, which is the nation's first virtual-forward value-based care provider focused on Medicare and dual-eligible patients, announced that it has raised $12.5 million from Gradient Ventures (Google's early stage fund), Lionbird (a large national payor), Great Oaks Capital, and Kate Ryder (CEO of Maven Clinic).

Cadana: Payroll Technology Company Raises $7.4 Million

By Amit Chowdhry ● Jun 27, 2024

Cadana, a global payroll technology company specializing in emerging markets, announced it raised $7.4 million in funding to date led by Costanoa Ventures with participation by Better Tomorrow Ventures and 500 Startups.

Backstroke: AI-Based Messaging Company Raises $2 Million In Seed Funding

By Amit Chowdhry ● Jun 27, 2024

Backstroke announced the launch of its generative AI messaging platform that is set to transform email, SMS, mobile push, and customer marketing for B2C brands. With a $2 million seed round co-led by venture firms High Alpha and Ground Game Ventures, and with participation from Allos Ventures. Backstroke features new technology with seasoned experience, presenting a major opportunity in the marketing tech landscape.

STEAM Works Studio: An Interview With COO Shanya Swaneet About This High-Value Academy

By Amit Chowdhry ● Jun 27, 2024

STEAM Works Studio is an academy that is uniquely focused on fostering and developing essential 21st century and STEAM (Science, Technology, Engineering, Arts and Mathematics) skills like problem-solving, critical thinking, creativity, and collaboration in a hands-on and practical, but fun learning environment. Pulse 2.0 interviewed STEAM Works Studio COO, Shanya Swaneet to learn more.

Etched Raises $120 Million To Develop Fast AI Chip

By Amit Chowdhry ● Jun 27, 2024

Etched, a two-year old company that is aiming to develop the fastest AI chip, announced it raised $120 million in Series A funding. This funding was from from Primary Venture Partners and Positive Sum, with participation from Two Sigma Ventures, Skybox Datacenters, Hummingbird Ventures, Oceans, Fundomo, Velvet Sea Ventures, Fontinalis Partners, Galaxy, Earthshot Ventures, Max Ventures and Lightscape Partners.

Semperis: Identity-Driven Cyber Resilience Company Raises $125 Million

By Amit Chowdhry ● Jun 27, 2024

Semperis, an identity-driven cyber resilience pioneer, announced it secured $125 million in growth financing from J. P. Morgan and Hercules Capital. The company - which had raised a $200 million Series C funding round in 2022 led by KKR - will use the new financing to further invest in product innovation and support a rapidly expanding global customer base.

eStruxture Data Centers Raises C$1.8 Billion To Advance Growth

By Amit Chowdhry ● Jun 26, 2024

With high global demand for data storage and the processing of vast amounts of digital information, Fengate Asset Management and eStruxture Data Centers announced the completion of a C$1.8 billion deal.

VoltR: Sustainable Lithium Battery Company Secures €4 Million

By Amit Chowdhry ● Jun 26, 2024

VoltR, a French manufacturer of sustainable lithium batteries, announced it had raised €4 million to industrialize its processes. This seed funding round included investments from C4 Ventures, Exergon, Pays de la Loire Participations, Anjou Amorçage, and others.

Atwell Buys Professional Surveying Company Hydro Consultants

By Amit Chowdhry ● Jun 26, 2024

Atwell announced it has acquired Hydro Consultants, a professional surveying, engineering, and mapping company located in Baton Rouge, Louisiana. This deal expands Atwell’s presence in Louisiana and the Gulf Coast region. The terms of the transaction were not disclosed.

Rocketlane: Workflow Automation Platform Company Raises $24 Million

By Amit Chowdhry ● Jun 26, 2024

Workflow automation platform Rocketlane is announced it raised a $24 million Series B funding round as it expands the opportunity for professional services teams with AI capabilities. This funding round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. And this brings the total funding raised to $45 million.

Bright Machines: Software-Defined Manufacturing Company Closes $126 Million In Series C Funding

By Amit Chowdhry ● Jun 26, 2024

Bright Machines, a software-defined manufacturing, announced it has raised $126 millionin Series C funding, with $106 million in equity led by investment from funds and accounts managed by BlackRock and participation from NVIDIA, Microsoft, Eclipse, Jabil and Shinhan Securities, and with $20 million in venture debt from J.P. Morgan. This brings the company's total amount raised to more than $400 million.

Hona: Law Firm Client Engagement Platform Company Raises $9.5 Million

By Amit Chowdhry ● Jun 26, 2024

Hona - a leading client engagement software platform for law firms - announced that it raised $9.5 million in a Series A funding round led by Costanoa Ventures with participation from Ludlow Ventures, Soma Capital, and Y Combinator.

KKR Buys $2.1 Billion Multifamily Portfolio From Quarterra

By Amit Chowdhry ● Jun 26, 2024

Leading global investment firm KKR announced that it acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for about $2.1 billion.

Mozilla Acquiring Privacy-Preserving Digital Ad Company Anonym

By Amit Chowdhry ● Jun 26, 2024

Mozilla announced it has acquired Anonym, which is an innovator in privacy-preserving digital advertising. This strategic deal enables Mozilla to help raise the bar for the advertising industry by ensuring user privacy while also delivering effective advertising solutions.

HPS Investment Partners: Over $21 Billion Raised For Specialty Loan Fund VI

By Amit Chowdhry ● Jun 26, 2024

HPS Investment Partners, a leading global credit investment firm with about $114 billion of assets under management (AUM), announced the final close of Specialty Loan Fund VI (SLF VI), with $21.1 billion in investable capital.

AVAIO Capital: A Build-To-Core Infrastructure Investment Firm That Is Changing The $250 Billion Data Center Location Market

By Amit Chowdhry ● Jun 26, 2024

AVAIO Capital is a build-to-core infrastructure investment firm led by professionals from investment, development, engineering, construction, and operating backgrounds. AVAIO brings investment, development, and construction expertise to the creation and redevelopment of sustainable infrastructure assets throughout North America and Europe in four sectors: digital, water, energy transition, and transportation. Pulse 2.0 interviewed AVAIO Capital partner Mark McComisky to learn more about the firm.

Crux: Sustainable Finance Company Adds Strategic New Investors

By Amit Chowdhry ● Jun 26, 2024

Crux, a sustainable finance technology company, announced that it has added strategic new investors as part of its $18.2 million Series A round led by Andreessen Horowitz from January 2024. Crux has raised over $27 million in strategic and venture capital. This additional funding is being invested by a cohort of some of the nation’s largest clean energy developers, including Clearway Energy Group, EDF Renewables, Intersect Power, and Pattern Energy. And these new investors join existing strategic investors, Orsted, LS Power, and Hartree.

bitsensing: Advanced Radar Solutions Company Raises $25 Million In Series B

By Amit Chowdhry ● Jun 25, 2024

bitsensing - a leading provider of advanced radar solutions - announced the closing of Series B funding round at $25 million. This significant investment - which was led by prominent venture capital firms and strategic investors emphasizes bitsensing’s role in the radar technology industry and will propel the company toward its ambitious global growth and innovation goals to bring radar everywhere.

TravelPerk Secures $135 Million And Buys AmTrav

By Amit Chowdhry ● Jun 25, 2024

TravelPerk - a hyper-growth global business travel management platform - announced its acquisition of AmTrav, doubling down on its expansion in the US.

Corpay Acquiring Cross-Border Payments Company GPS Capital Markets

By Amit Chowdhry ● Jun 25, 2024

Global corporate payments company Corpay announced that it has signed a definitive agreement to buy GPS Capital Markets. GPS offers business-to-business cross-border and treasury management solutions to upper-middle market companies, primarily in the US.

CesiumAstro: Space Communications Company Secures $65 Million In Series B+

By Amit Chowdhry ● Jun 25, 2024

CesiumAstro, a leading provider of space communications technology, announced the closing of a $65 million Series B+ funding round. This funding round was led by Trousdale Ventures, with matching participation from the Development Bank of Japan (DBJ) and Quanta Computer. Additional investors, including Kleiner Perkins, Lavrock Ventures, L3Harris Technologies, InMotion Ventures (JLR’s investment arm), Matter Venture Partners, MESH Ventures, and Assembly Ventures also joined the round.

Liquid Instruments: $12 Million Raised To Expand Manufacturing Operations In Australia

By Amit Chowdhry ● Jun 25, 2024

Liquid Instruments, a leading innovator of reconfigurable test instrumentation, announced that it has secured a new round of funding totaling $12 million, featuring a $10 million investment from Breakthrough Victoria, with other investors including Lockheed Martin Ventures, Acorn Capital, and Powerhouse Ventures.

Zilch: Ad-Subsidized Payments Company Raises £100 Million

By Amit Chowdhry ● Jun 25, 2024

Zilch, the first ad-subsidized payments network (ASPN), announced £100 million in securitized debt financing arranged by Deutsche Bank (DB). This financing will enable Zilch to grow its business and accelerate Zilch's ability to create and launch new products for a wider base of customers.

Berg Enterprises: $2.5 Million Raised In Round Led By Antina Capital

By Amit Chowdhry ● Jun 25, 2024

Berg Enterprises announced a $2.5 million funding round, led by Antina Capital and structured as a combination of private debt and equity.