Archives

Encore Consumer Capital (a private equity investment firm focused on the consumer products industry) announced it has closed Encore Consumer Capital Fund IV, LP (Encore IV) and related vehicles with $258 million of commitments.

Incident IQ (a leading workflow management platform for K-12 school districts) announced that Cove Hill Partners will join JMI Equity and the Incident IQ founders and management team as strategic investment partners in the Incident IQ business. ANd Incident IQ will continue to be led by Chief Executive Officer, R.T. Collins and the rest of the current management team.

Global investment firm Carlyle and CVC (a leading global private markets manager) announced that CVC Capital Partners Fund VIII and Haveli Investments have agreed on the acquisition of Jagex, a leading developer and publisher of video games.

Nasdaq Private Market (NPM) - a leading provider of liquidity solutions to private companies, their employees, and investors - announced that it has closed its Series B financing. Nasdaq led this $62.4 million round with participation from current investors, including Allen & Company, Citi, and Goldman Sachs. And new investors in Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.

Premier Radiology Services announced the acquisition of Specialists in Diagnostic Imaging, a leading provider of subspecialty teleradiology services. The financial terms of the transaction were not disclosed.

Neurona Therapeutics (a clinical-stage biotherapeutics company advancing regenerative cell therapy candidates for the treatment of neurological disorders) announced the successful completion of a $120 million financing co-led by Viking Global Investors and Cormorant Asset Management with participation from new and existing investors, including The Column Group, LYFE Capital, Schroders Capital, Willett Advisors, Ysios Capital Partners, Euclidean Capital, SymBiosis, Alexandria Venture Investments, Berkeley Frontier Fund, Sphera Biotech Master Fund LP, Spur Capital Partners, UCB Ventures, and UC Investments.

Owens Corning (a leader in global building and construction materials) and Masonite International (a leading global provider of interior and exterior doors and door systems) announced they have entered into a definitive agreement under which Owens Corning will acquire all outstanding shares of Masonite for $133 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024 and an approximate 46% premium to Masonite’s 20-day volume-weighted average price.

Partners Capital Investment Group (a global Outsourced Investment Office) announced a minority investment from General Atlantic. The investment funds managed by General Atlantic are establishing this minority position by buying a portion of the equity currently held by Partners Capital’s longstanding external shareholders and some of the founding generation partners.

Virtusa (a global provider of digital strategy, digital engineering, and IT services) announced an expansion to its business solutions portfolio through the acquisition of BRIGHT, one of the largest elite partners to ServiceNow and Splunk in EMEA. This deal will enable Virtusa to deliver business solutions to its existing customer base and expand its European presence.

Wrapmate has announced a successful capital investment by JettyCove, a private equity firm focused on software and tech-enabled companies. This $16 million investment will accelerate Wrapmate's product offerings by introducing progressive customer experiences, growing its national network of 2,000+ vehicle wrap installers, and expanding its portfolio companies through additional successful acquisitions (most recently, Wrapify).

Unlearn - an AI company creating digital twins of clinical trial participants that enable smaller and faster studies - announced a $50 million Series C round led by Altimeter Capital, joined by returning investors Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary Venture Capital. This funding round was secured to propel the company’s mission to advance AI to eliminate trial and error in medicine by investing in its people, data, engineering capabilities, and longer-term R&D initiatives.

Independent inflation data provider Truflation announced it completed its latest investment round, raising $6 million from distinguished investors, including Laser Digital and Red Beard Ventures. The list of VCs taking part in this funding round also includes Modular Capital and Four Seasons Ventures (4SV), along with existing investors Chainlink, Fundamental Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Association. This funding round saw the Base Ecosystem Fund, managed by Coinbase Ventures, select Truflation among its first cohort from a shortlist of more than 800 applications.

Headlight (a tech-forward mental health practice committed to offering patients convenience and a simplified care journey) announced $18 million in new venture funding led by Matrix and EPIC Ventures. This funding round will help the company expand into additional states and add hundreds of new licensed therapists to its team by 2025.

Entrepreneurial family office and growth equity firm Greater Sum Ventures (GSV) announced its majority investment in SOMA Global, a major player in the cloud-native public safety software solutions space. And the investment follows on GSV’s recent acquisition of Utility, signaling a new advancement in integrated technology solutions for law enforcement and first responders.

Perspective Financial Group has welcomed a new lead private equity investor, Charlesbank Capital Partners - who will succeed its current private equity investor, CBPE Capital LLP. Charlesbank is a US-based firm in Boston that originally oversaw private equity investments inside the Harvard University endowment and became independent in 1998. The management team will remain a significant shareholder alongside Charlesbank.

Teamfront (a leading provider of business management software, payments solutions, and services with diverse business lines, including over 3,000 customers and $2.2 billion in invoicing volume) announced a growth investment from Mainsail Partners. While the specific financial details remain confidential, this investment enables Teamfront to embark on its next expansion phase, aiming to strengthen its market presence through organic growth and strategic acquisitions to broaden its business lines across multiple verticals.

LimaCharlie - the creator of the first-ever Security Operations (SecOps) Cloud Platform - announced a $10.2 million Series A investment round led by Sands Capital with follow-on from new and previous investors, including CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and Strategic Cyber Ventures.

Humble Bundle (a digital retailer with a goal) to be a force for good in the world announced it has surpassed a momentous milestone: raising over $250 million for charities worldwide, together with its global community of game, book, and software lovers, by directing a portion of nearly every sale to a variety of worthy causes.

Thea Energy (a fusion energy company advancing stellarator technology for commercialization) announced the closing of a $20 million Series A financing. Prelude Ventures led the round with participation from other investors, including 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures.

Handle.com (a construction payments software platform) announced it has raised a significant investment from Suffolk Technologies (the venture capital affiliate of Suffolk Construction, one of the nation’s leading construction entities). This strategic funding round marks a major moment for Handle as it seeks to expand its innovative credit and payment solutions across the built environment.

AmeriPro Health (a leading provider of patient logistics and last-mile healthcare delivery services) announced a partnership with Whistler Capital Partners (a leading healthcare-focused private equity firm, to invest in the Company and support its continued growth). And AmeriPro will continue to be led by founder and CEO Suhas Uppalapati and the company’s existing executive leadership team. The deal is expected to close in the first quarter of fiscal year 2024, subject to customary closing conditions and regulatory approvals. The financial terms were not disclosed.

Hiline (a leading provider of financial-operations-as-a-service that helps growth-minded organizations manage risk, improve outcomes, and make better decisions) announced it acquired Calculate, a New York-based outsourced accounting and finance firm dedicated to supporting the financial processes at emerging companies. This strategic deal represents a significant milestone for Hiline as it strengthens its position in the market and expands its offerings to better serve its growing roster of clients.

Bill Ackman - the renowned billionaire hedge fund manager - has launched a new investment portfolio in the U.S., according to regulatory filings. It is believed that this new fund will mimic his existing hedge fund, but it will be offered at lower fees.

Capital Square Partners (CSP) - a leading private equity firm specializing in cross-border technology and business services - announced it has completed a significant investment in Bits In Glass (BIG) - an award-winning technology firm known for being a trusted partner in digital transformation.

Bloomerang - a leading donor, volunteer, and fundraising management software platform for thousands of small and medium-sized nonprofits - announced that it received an investment from Warburg Pincus. And the funding – combined with JMI Equity's investment in 2020 and the company's recent acquisition of Qgiv – will drive ongoing growth and success to help Bloomerang deliver the sector's first fully-integrated giving platform.

Late last year, Google revealed a new large language model (LLM) called Gemini. Gemini was labeled Google’s most capable AI model with sophisticated multimodal reasoning capabilities. And now Google’s AI chatbot Bard is being rebranded to Gemini.

Blue Owl Capital (a leading alternative asset manager) and Lunate (a global alternative investment manager headquartered in Abu Dhabi managing US$105 billion in assets) announced a joint venture to provide growth capital to leading mid-sized private capital GPs.

Closinglock (a leading fintech and fraud prevention technology provider for the real estate industry) announced the successful closure of its $12 million Series A funding round. Led by Headline and backed by LiveOak Ventures, RWT Horizons, and GTMfund. This funding round will help drive Closinglock’s goal to transform the transfer of funds and information in real estate.

Ezra - a healthcare AI-based company transforming MRI imaging and early cancer detection - announced that it has raised $21 million in new funding. The round was co-led by Healthier Capital and led by Amir Dan Rubin, former CEO of Amazon’s One Medical. And FirstMark Capital co-led the round, with participation from Allianz Life Ventures (the venture capital arm of Allianz Life Insurance Company of North America), the Schwarzman family, former Chairman of England’s National Health Service (NHS) Lord David Prior, Gaingels, Republic, and Mana Ventures. The existing investors Credo Ventures, Seedcamp, LDV Capital, Accomplice, Founders Future, Vlad Tenev, Anne Wojcicki, and Esther Dyson also participated. And Amir Dan Rubin will also join Ezra’s Board of Directors.

Trinity Capital (a leading provider of diversified financial solutions to growth-stage companies) announced the commitment of $20 million in equipment financing to Formlogic (a provider of autonomous precision manufacturing services intended for space companies).