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Caju AI: Customer Engagement Company Raises $3 Million

By Amit Chowdhry ● Jun 15, 2024

Caju AI, a Gen AI-based solution for customer engagement, announced the successful closing of a $3 million seed funding round. This strategic investment is backed by Grotech Ventures, Felton Group (the family office of Charlottesville, VA-based hedge fund manager Jaffray Woodriff), and angel investors. This funding round propels Caju AI into a new phase of growth and innovation, reinforcing its position as a leader in AI-driven customer engagement and compliance solutions.

Addus HomeCare Buying Gentiva’s Personal Care Operations For $350 Million

By Amit Chowdhry ● Jun 15, 2024

Addus HomeCare, a provider of home care services, announced a definitive agreement to acquire Gentiva's personal care operations for an anticipated purchase price of approximately $350 million after customary purchase price adjustments.

Advanced Medicine Partners: $32 Million Financing Agreement Executed

By Amit Chowdhry ● Jun 15, 2024

Advanced Medicine Partners, an organization that delivers process development, manufacturing, analytical development, and testing for advanced therapy products specializing in viral vectors for gene and cell therapies, announced a new financing agreement led by Deerfield Management, with additional support from ARCH Venture Partners and other investors. And upon the completion of this latest financing round, the total direct investment in Advanced Medicine Partners since its separation from Jaguar Gene Therapy will total up to $60 million.

Tether: $18.75 Million Raised From Blockchain-Enabled Firm XREX Group

By Amit Chowdhry ● Jun 15, 2024

Tether, one of the largest companies in the digital asset industry, announced a strategic investment of $18.75 million in XREX Group, a fully regulated and blockchain-enabled financial institution. This collaboration aims to drive transformation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology.

MidOcean: $765 Million Closed For Tactical Credit Strategy

By Amit Chowdhry ● Jun 15, 2024

MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced the closing of its third opportunistic credit fund, MidOcean Tactical Credit Fund III and related separately managed accounts, with commitments totaling $765 million.

LawPro.ai: Strategic Investment Raised To Transform The Legal Industry

By Amit Chowdhry ● Jun 15, 2024

LawPro.ai, a company that utilizes AI-driven solutions for the legal industry, announced the successful completion of a seed investment round. This funding will accelerate LawPro.ai's mission to transform the legal industry by utilizing AI technology to enhance efficiency, accuracy, and accessibility in law firms' ability to review medical records.

Alteri Wealth Launches In California By Over $1 Billion Team

By Amit Chowdhry ● Jun 15, 2024

Alteri Wealth co-founders Michelle Gruber and Alex Markowitz announced the official launch of their firm, which is an SEC-registered investment Advisory and wealth management team based in Westlake Village, California. Before founding the new firm, the two principals, along with Senior Vice President Matthew Mullaly, collectively worked at Merrill Lynch Wealth Management, where they oversaw over $1 billion in client assets.