Archives

CU Boulder Unveils Innovations From Embark Program

By Amit Chowdhry ● Jan 30, 2024

The Embark program at the University of Colorado Boulder (CU Boulder) pairs seasoned entrepreneurs with university technologies to bring those breakthroughs to market in response to societal needs. The recent Embark Showcase was the pinnacle of the program’s first year working with selected entrepreneurs to provide IP rights, salary support, grant funds, and investor introductions to launch startups with real-world impact.

MediaValet To Be Acquired In $80 Million Deal: Details

By Dan Anderson ● Jan 30, 2024

Prepaid2Cash: Helping Consumers Exchange Prepaid Gift Cards For Cash In A $21+ Billion Market

By Amit Chowdhry ● Jan 30, 2024

Prepaid2Cash is a mobile application company that provides a quick and easy way for consumers to turn their prepaid card and gift card funds into cash in their bank. Pulse 2.0 interviewed Prepaid2Cash chief product officer Jerome Myers to learn more about the company.

Drop Mobility Raises Growth Funding From Decathlon Capital Partners

By Annie Baker ● Jan 29, 2024

Drop Mobility - a rapidly growing e-bike share company that enables cities to purchase or lease e-bikes - has raised a growth funding package from Decathlon Capital Partners to support its continued expansion. The details of the revenue-based investment package were not disclosed.

Why Quantum5 Is Buying Trivie

By Noah Long ● Jan 29, 2024

Ander and its automotive division Quantum5 (the first holistic learning ecosystem in automotive to drive measurable performance through engagement and proficiencies) announced the acquisition of Trivie (a modern workforce engagement platform that utilizes AI-generative tools to personalize learning content, build community, and deliver higher learning experiences through knowledge reinforcement science).

Optym Raises Strategic Funding From Venture 53 To Make Transportation Operations Efficient

By Annie Baker ● Jan 29, 2024

Venture 53 - a pure-play industry-focused transportation and logistics fund - announced its strategic investment in Optym, a trailblazer in optimization solutions for the transportation industry. The funding comes as a testament to Optym's unparalleled leadership in transportation optimization as acknowledged by industry expert and Venture 53 Co-Founder Pat Martin.

Polycorp Raises Majority Investment From Arsenal Capital Partners

By Dan Anderson ● Jan 29, 2024

Arsenal Capital Partners (a private equity firm that specializes in investments in industrial and healthcare companies) announced that it has completed a majority investment in Polycorp Ltd., which is a leading manufacturer of engineered elastomer solutions. The terms of the deal were undisclosed.

Why Arthur J. Gallagher & Co. Is Buying Forest Insurance Facilities

By Annie Baker ● Jan 29, 2024

Arthur J. Gallagher & Co. has announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. The terms of the deal were not disclosed.

Arlington Capital Partners: $3.8 Billion Oversubscribed Round Closed

By Amit Chowdhry ● Jan 29, 2024

Arlington Capital Partners - a Washington, D.C.-area private investment firm specializing in government-regulated industries - announced the successful close of its latest fund, Arlington Capital Partners VI (Fund VI). Fund VI closed at its hard cap with total capital commitments of $3.8 billion, exceeding the $3.25 billion target.

Fubo Invests In BKFC And Will Stream BKFC 57 Live On February 2

By Annie Baker ● Jan 29, 2024

FuboTV (d/b/a Fubo) - the leading sports-first live TV streaming platform - has made a minority investment in Bare Knuckle Fighting Championship (BKFC), the world’s fastest-growing combat sports promotion, through an investment announced by the companies today. And Fubo Co-founder and CEO David Gandler will also join BKFC’s board of directors.

TCW Launches Dedicated Asset-Backed Finance Business At Over $1 Billion

By Dan Anderson ● Jan 29, 2024

The TCW Group - a leading global investment firm with over $200 billion of assets under management - announced the launch of a dedicated Asset-Backed Finance (ABF) business anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.

Santa Clara University Completes $1 Billion ‘Innovating With A Mission’ Campaign

By Amit Chowdhry ● Jan 29, 2024

Santa Clara University recently celebrated a rare and prestigious milestone: the completion of its $1 billion 'Innovating with a Mission' campaign, the largest comprehensive fundraising campaign in the University’s 173-year history.

flyExclusive Raises $25 Million Strategic Investment from ETG FE, LLC

By Annie Baker ● Jan 29, 2024

flyExclusive - a publicly-traded provider of premium private jet charter experiences - announced the execution of a two-year revolving credit facility for up to $25.8 million with ETG FE LLC, an investment vehicle managed by EnTrust Global.

WillScot Mobile Mini Buying McGrath RentCorp For $3.8 Billion

By Noah Long ● Jan 29, 2024

WillScot Mobile Mini Holdings (a leader in innovative temporary space solutions) announced it has entered into a definitive agreement to acquire McGrath RentCorp (a leading business-to-business rental company based in Livermore, California). This acquisition will advance WillScot Mobile Mini’s position as a North American leader in turnkey space solutions with a complementary geographic footprint and a more diversified platform, providing enhanced value across key customer segments.

Why Dynatrace Is Buying Runecast

By Amit Chowdhry ● Jan 29, 2024

Dynatrace (a leader in unified observability and security) announced it signed a definitive agreement to acquire Runecast (a provider of AI-powered security and compliance solutions). Integrating Runecast into the Dynatrace platform will extend Dynatrace contextual security protection and analytics with Runecast security posture management.

Fresh Vine Wine Signs Deal To Merge With Notes Live In $350 Million Deal

By Annie Baker ● Jan 29, 2024

Peachtree Group: $750 Million In CPACE Financing Nearly Complete

By Amit Chowdhry ● Jan 29, 2024

In December, Peachtree Group achieved a significant milestone by securing $150 million in Commercial PACE (CPACE) financing, approaching $750 million completed since its inception in 2019. For the year, Peachtree Group completed 23 commercial property-assessed clean energy financing transactions across the U.S. for approximately $250 million in directly originated and balance-sheet-funded CPACE financing.

Compa: Offers-Based Compensation Market Data Company Raises $10 Million

By Amit Chowdhry ● Jan 29, 2024

Compa - a leading offers-based compensation market data provider - announced that it has raised a $10M Series A to bring real-time market intelligence to compensation decisions for the world’s largest and fastest-growing companies. Storm Ventures led the funding round with participation from Penny Jar Capital, HR Tech Investments (an affiliate of Indeed), NJP Ventures, Base10 Partners, and Acadian Ventures.

KSL Capital Partners: Over $3 Billion Continuation Vehicle Closed For Alterra Mountain Company

By Amit Chowdhry ● Jan 29, 2024

KSL Capital Partners (a leading investor in travel and leisure businesses) announced the final closing of a single-asset continuation vehicle for Alterra Mountain Company, with total commitments of over $3 billion, including the commitments of the General Partner and rollover investors.

Rokt: $17.6 Million Raised And New HQ Expansion

By Noah Long ● Jan 29, 2024

Rokt - a leading e-commerce technology company using machine learning and AI to make transactions more relevant to each shopper - announced an investment of $17.6 million to expand operations at its headquarters in New York City. And to accommodate its growing workforce, Rokt will lease an additional 34,000 square feet of space at 175 Varick Street, bringing its total occupancy in the building to over 100,000 square feet.

Mesh: Embedded Financial Solution Company Raises Funding From PayPal Ventures

By Amit Chowdhry ● Jan 29, 2024

Mesh, a modern embedded finance solution that seamlessly makes digital asset transfers and account aggregation, announced an investment from PayPal Ventures. This funding helps reinforce Mesh's position as a leading player in embedded finance and highlights PayPal's commitment to fostering innovation in the digital payments landscape.

Why H.I.G. Capital Is Buying DX Group

By Annie Baker ● Jan 29, 2024

H.I.G. Capital - a leading global alternative asset investment firm with $60 billion of capital under management - announced that one of its affiliates has completed the public-to-private acquisition of DX Group plc, which was previously listed on the London Stock Exchange’s AIM market, for an aggregate consideration of £307 million.

Carry1st: Strategic Investment From Sony Innovation Fund Raised

By Dan Anderson ● Jan 29, 2024

Carry1st - Africa’s leading game publisher and digital commerce platform - announced a strategic investment by Sony Innovation Fund, the venture capital arm of Sony Group Corporation. Carry1st is the inaugural investment out of Sony Innovation Fund: Africa - which was established by Sony as an initiative to support the growth of entertainment businesses in Africa.

Block Announces Sustainable Banking Initiative With $25 Million Investment

By Annie Baker ● Jan 29, 2024

Block announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, along with the company’s first Commerce and Climate Survey.

Sema4.ai: $30.5 Million Secured To Build Intelligent Agents For Helping Knowledge Workers

By Noah Long ● Jan 29, 2024

Sema4.ai aims to build intelligent agents that transform how knowledge workers collaborate with AI. Led by open-source pioneers and fueled by $30.5 million from investors, including Benchmark, Mayfield, and Canvas Ventures, Sema4.ai is ready to become the leader in the $88 billion autonomous agent market.

akirolabs: Procurement Technology Company Raises $5 Million

By Noah Long ● Jan 29, 2024

akirolabs - a Berlin-based ProcureTech startup enabling enterprises worldwide to augment strategic procurement processes - announced that it has raised $5 million in its recent seed funding round. The investors in this round included HTGF, OTB Ventures, D11Z. Ventures, and Switzerland's Serpentine Ventures, alongside angel investments from industry leaders such as Fredrick Spalcke (ex-CPO of Phillips & Huawei), Heiko Schwarz (CEO of riskmethods), Markus Ehrle (VP and General Manager EMEA at ServiceNow), and Detlef Schultz (former CEO of the Vodafone Procurement Company).

Bridgepoint Strategically Invests In Kerv Group

By Annie Baker ● Jan 29, 2024

Bridgepoint announced that Bridgepoint Development Capital IV (BDC IV), a fund focused on investing in mid-market growth businesses, strategically invested in next-generation cloud and digital transformation services provider Kerv Group.

RenovoRx: $6.1 Million Private Placement Closed

By Annie Baker ● Jan 29, 2024

RenovoRx - a clinical-stage biopharmaceutical company developing novel precision oncology therapies based on a local drug-delivery platform - announced that it had closed a private placement, resulting in gross proceeds of approximately $6.1 million, before deducting offering expenses.

Senser: How This Company Helps Incident Resolution Teams Gain Insights About Service Issues

By Amit Chowdhry ● Jan 29, 2024

Senser is the AIOps platform that replaces the pain of monitoring and troubleshooting with insights you can actually do something with. Pulse 2.0 interviewed Senser CEO Amir Krayden to learn more about the company.

Vertical Aerospace Founder Backing Company With $50 Million Investment Commitment

By Annie Baker ● Jan 29, 2024

Vertical Aerospace (a global aerospace and technology company pioneering zero-emissions aviation) recently announced that it has secured $50 million in committed funding from founder, majority owner, and CEO Stephen Fitzpatrick. This investment provides the platform for further funding rounds.