Archives

Why Gryphon Investors Is Selling HEPACO To Clean Harbors For $400 Million

By Amit Chowdhry ● Feb 8, 2024

Gryphon Investors (a leading middle-market private equity firm) announced that it has signed an agreement to sell HEPACO, LLC to Clean Harbors (a leading provider of environmental and industrial services) in a deal valued at $400 million. The transaction is subject to customary closing conditions.

Why AArete Is Buying Technology Consulting Firm Legerity

By Annie Baker ● Feb 8, 2024

AArete (a leading global management and technology consulting firm) announced that it has acquired Legerity (a technology consulting firm based in Norfolk, Virginia). This strategic acquisition will expand AArete’s technology solutions and capabilities for its clients in healthcare, financial services, and the public sector.

Why Aurora Cannabis Is Buying MedReleaf Australia USA

By Dan Anderson ● Feb 8, 2024

Aurora Cannabis - a Canada-based leading global medical cannabis company - announced that a wholly-owned subsidiary of the company acquired the remaining approximately 90% equity interest of Indica Industries Pty Ltd that Aurora did not previously own, at an enterprise value of AUD$50 million, subject to customary adjustments. Aurora paid AUD$9.45 million in cash with the balance of the purchase price satisfied by the issuance of common shares of Aurora.

Stellar Sleep: $6 Million To Build Solutions For Chronic Insomnia Management

By Noah Long ● Feb 8, 2024

Stellar Sleep - a company that provides the first digital solution for chronic insomnia management - announced a $6 million seed round, led by Initialized Capital with participation from Y Combinator, Lombardstreet Ventures, Switch Ventures, Moonfire Ventures, Scrum Ventures, 8vdx and Goodwater.

Altamont Capital Partners Names Billy Medof As Operating Partner

By Annie Baker ● Feb 8, 2024

Altamont Capital Partners announced that Billy Medof joined the firm as an Operating Partner. In this new role, Medof will accelerate Altamont's investment thesis within the corrugated packaging industry, drawing on nearly 20 years of executive leadership experience. And Medof previously served as President of Georgia Pacific (GP) Corrugated and business leader for GP's Sheet Feeders, which are subsidiaries of Koch Industries.

Why Radiant Logistics Is Buying Select Logistics And Select Cartage

By Dan Anderson ● Feb 8, 2024

Radiant Logistics (a leading provider of technology-enabled global transportation and value-added logistics solutions) announced it has acquired Select Logistics and Select Cartage, both Doral, Florida-based, privately held companies that have operated as part of its Adcom Worldwide brand since 2007.

Perigon: Contextual Intelligence Company Raises $5 Million

By Annie Baker ● Feb 8, 2024

Perigon - a company that is reshaping how AI processes the ever-expanding realm of public web data and news media - announced it has successfully closed a $5 million seed financing round led by LiveOak Ventures. Launched in 2022 by serial entrepreneur Joshua Dziabiak and Emmy-winning innovator Josh Rickel, Perigon is at the forefront of organizing the web's vast data for the age of AI.

Aizon: $20 Million Raised To Improve Pharma Manufacturing Outcomes

By Amit Chowdhry ● Feb 8, 2024

Aizon - an AI SaaS provider that transforms pharmaceutical manufacturing operations - announced that it has closed $20 million in Series C funding led by NewVale Capital. And existing investors Atlantic Bridge, Crosslink Capital, and Uncork Capital also participated in the round.

Predictive And Preventative Pregnancy Care Company Aster Raises $2.3 Million

By Amit Chowdhry ● Feb 8, 2024

Aster (a predictive and preventative pregnancy care platform for patients and providers) announced the company’s first funding round of $2.4 million, led by Cake Ventures in partnership with Cornerstone VC and additional participation from Barclays Black Formation Investments (managed by Zeal Capital Partners), Octopus (FCF), Blueprint, Everywhere and select angel investors.

BXVentures: The Story Behind This Rapidly Growing Global Climate VC Firm

By Amit Chowdhry ● Feb 8, 2024

BXVentures is a leading global venture studio and climate tech specialist transforming cutting-edge R&D into commercially successful ventures. Pulse 2.0 interviewed BXV Managing Partner Romain Decorps to learn more about the firm.

Onward (Formerly Studio X) Reveals New Brand And Advisory Board

By Amit Chowdhry ● Feb 8, 2024

Onward has announced a full rebrand as the energy innovation studio fortifies its mission to transform the energy industry and achieve a Net Zero future. And in tandem, a newly assembled inaugural advisory board will bolster the company’s growth with unique perspectives to advance the energy transition and scale services to the energy sector and to the global climate community.

Mechanical Orchard: $24 Million Raised To Help Companies Move To Cloud-Based Applications

By Amit Chowdhry ● Feb 8, 2024

Mechanical Orchard - a company helping businesses transition away from mainframe-based IT systems to cloud-based applications - announced it has raised $24 million in a Series A funding round, led by Emergence Capital. There was also further investment from Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, and Webb Investment Network.

Predibase: Helping Engineers Fine-Tune And Serve Open-Source AI Models Across Clouds

By Amit Chowdhry ● Feb 8, 2024

Built by developers, for developers, Predibase enables any software engineer to do the work of an ML engineer in an easy-to-understand declarative way. Pulse 2.0 interviewed Predibase Co-founder and CEO Devvret Rishi to learn more about the company.

Pagaya: Five-Year $280 Million Credit Facility Closed

By Amit Chowdhry ● Feb 7, 2024

Pagaya Technologies (a global technology company delivering AI-driven product solutions for the financial ecosystem) announced the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital, UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank.

Omega: Web3 Infrastructure Provider Raises $6 Million

By Noah Long ● Feb 7, 2024

Omega has announced the successful completion of $6 million in funding, solidifying its position as a pioneer in bringing native Bitcoin to the DeFi ecosystem. And this funding was secured through three rounds of investment with participation from Lightspeed Faction, Borderless Capital and Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, MH Ventures, and others.

The Parking Spot Acquiring Park ’N Fly: Details

By Dan Anderson ● Feb 7, 2024

The Parking Spot (TPS) - a leading owner and operator of near-airport parking properties - announced the acquisition of Park ’N Fly (PNF), a near-airport parking sector owner/operator with 13 owned, leased, and managed facilities.

Subscribili Raises $4.3 Million In Seed Funding To Transform The Dental Care Industry

By Dan Anderson ● Feb 7, 2024

Subscribili (a pioneer in subscription-based healthcare) announced it has secured a significant $4.3 million in seed funding. This funding round - which was led by Darby Group Companies and supported by Vyne Dental - is also backed by other notable figures in the dental and technology industries. They include Gokul Rajaram, a distinguished board member of Pinterest and Coinbase, and Krishna Raj Raja, the founder of Support Logic. This funding heralds a new era of accessibility and innovation in dental care.

ZEDEDA: Edge Management And Orchestration Company Raises $72 Million

By Amit Chowdhry ● Feb 7, 2024

ZEDEDA - a leader in edge management and orchestration - announced the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block.

Branching Minds Raises Growth Investment From Bain Capital Double Impact

By Amit Chowdhry ● Feb 7, 2024

Branching Minds (a pioneering innovator in education technology) announced it received a growth investment from Bain Capital Double Impact, a leading social impact investor. And this new partnership will enable Branching Minds to enhance K-12 student outcomes nationwide by equipping educators with a novel, data-driven software platform that addresses individual learning needs.

Shepherd: Commercial Construction Insurance Tech Company Raises $13.5 Million

By Annie Baker ● Feb 7, 2024

Shepherd (an insurance tech platform for commercial construction) announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re, and Spark Capital. And Shepherd combines insurance with software to help contractors save on premiums.

Why MSCI Is Buying Foxberry

By Annie Baker ● Feb 7, 2024

MSCI (a leading provider of mission-critical decision support tools and services for the global investment community) announced it has signed a purchase agreement to acquire Foxberry, a London-based provider of front-office index technology for investors. Foxberry was founded in 2014 with the goal of building and delivering investment solutions that are driven by technology, account for a specific set of criteria, and increase the value-add for end-users.

Riverside Acceleration Capital Closes RAC Opportunity Fund II At $235 Million

By Amit Chowdhry ● Feb 7, 2024

The Riverside Company (a global private investment firm that has been seeking to fuel transformative growth for business owners and portfolio companies since 1988) held a successful final closing of its Riverside Acceleration Capital Opportunity Fund II, L.P. (RAC Opportunity Fund II), raising $235 million in capital commitments. And with the closing of this fund, RAC has increased its growth equity investment capacity by more than four times.

Coalesce Capital: Oversubscribed $900 Million Inaugural Fund Closed

By Amit Chowdhry ● Feb 7, 2024

Coalesce Capital (a private equity firm investing in human capital-driven and technology-enabled services companies) announced the closing of its inaugural fund Coalesce Capital Fund I LP and parallel vehicles with $900 million in total capital commitments. And the Fund was oversubscribed and secured investor commitments in nine months, above its original target of $750 million. Coalesce now has about $1 billion in regulatory assets under management (AUM).

Polycam: 3D Creation Company Closes $18 Million In Funding

By Annie Baker ● Feb 7, 2024

Polycam (a leading 3D creation tool for iPhone and Android) has announced an $18 million Series A led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). Using computer vision and AI, Polycam is building powerful 3D creation and editing tools that enable anyone to make photorealistic 3D assets easily.

Overflow: $20 Million Raised To Develop Solutions For Church And Nonprofit Finance Teams

By Amit Chowdhry ● Feb 7, 2024

Overflow - a company redefining generosity through innovative financial solutions - announced the successful closure of its $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round, and existing investors, including Uncork, R7, and TheGP joined them.

Platform Accounting Group Raises $85 Million In Round Led By Cynosure Group

By Amit Chowdhry ● Feb 7, 2024

Platform Accounting Group announced the close of an $85 million minority funding round led by Cynosure Group. There was also continued participation and support from early investors Swell Capital and Peery Capital.

Mesh: Professional License Verification Company Raises $5.7 Million

By Annie Baker ● Feb 7, 2024

Mesh - a modern provider of real-time professional license verification trusted by leading marketplaces - announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance.

Groundfloor Reveals 2023 Results: $1.3 Billion In Retail Investments And $1.1 Billion In Investor Repayments

By Amit Chowdhry ● Feb 7, 2024

Groundfloor - an award-winning alternative investment platform with over $1 billion in investment and repayment volume - announced another year of growth and innovation.

Disney To Buy $1.5 Billion Stake In Fortnite Creator Epic Games

By Amit Chowdhry ● Feb 7, 2024

The Walt Disney Company and Epic Games are collaborating on an all-new games and entertainment universe that will further expand the reach of Disney stories and experiences. And Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. The deal is subject to customary closing conditions, including regulatory approvals.

Morgan Stanley Inclusive Ventures Lab Hosts Demo Day With 23 Companies

By Amit Chowdhry ● Feb 7, 2024

Morgan Stanley is hosting its largest global Demo Day, with 23 participating companies from North America, Europe, the Middle East, and Africa (EMEA). The cohort companies will pitch over 300 investors, potential business partners, and customers.