Archives

Cross-Border Impact Ventures: $90 Million Closed Of Women’s And Children’s Health Tech Fund

By Amit Chowdhry ● Jan 26, 2024

Cross-Border Impact Ventures (CBIV) has announced the final closing of its first fund after exceeding $90 million in investor commitments. The Women’s and Children’s Health Technology Fund focuses on investments in technology companies that address the health needs of women, children, and adolescents or make health systems more resilient.

Turquoise Health: Healthcare Pricing Company Secures $30 Million

By Amit Chowdhry ● Jan 26, 2024

Turquoise Health - an end-to-end healthcare pricing platform - has announced a $30 million Series B investment led by Adams Street Partners, with participation from Yosemite and existing investors Andreessen Horowitz and BoxGroup. Turquoise will use the funding to support further transparent pricing workflows across its customer base of over 160 healthcare organizations.

Marstone: Digital Investment And Wealth Planning Company Raises $8 Million

By Amit Chowdhry ● Jan 26, 2024

Marstone - a leading digital investment and wealth planning firm - announced it had raised an $8 million Series B financing round led by Mendon Venture Partners and South Rose Capital, along with new investors, including the Castle Creek Launchpad Fund. The funding round also included existing investor Equity Bank.

Cellares Raises $255 Million To Launch New Location In Somerset County, New Jersey

By Amit Chowdhry ● Jan 26, 2024

Cellares - an innovative cell therapy manufacturing company - has announced a $255 million series C fundraising to launch its new location in Somerset County. And the 118,000-sq. ft. manufacturing site in Bridgewater, New Jersey, is expected to create up to 350 local jobs.

OKX Ventures: Seed Round Investment Made In B² Network

By Dan Anderson ● Jan 26, 2024

OKX Ventures (the investment arm of leading crypto exchange and Web3 technology company OKX) announced its seed round investment in B² Network, the first EVM-compatible rollup based on zero-knowledge (ZK) proof verification commitment on Bitcoin and the first data availability (DA) layer for Bitcoin rollups.

International Battery Company: $35 Million Raised To Build Proprietary I-NMC Prismatic Cells In India

By Amit Chowdhry ● Jan 26, 2024

International Battery Company (IBC) - a product and technology company specializing in creating eco-friendly and large-sized rechargeable Prismatic Li-ion NMC batteries - is announcing it has raised $35 million. This includes a Pre-Series A round led by RTP Global and contributions from a broader investment base, which includes Beenext, Veda VC, and other strategic Korean and US Investors. The investment marks an important moment in IBC’s journey to revolutionize the global EV landscape.

Ares Management: Automated Industrial Robotics Launched To Capitalize On Manufacturing Demand

By Amit Chowdhry ● Jan 26, 2024

Ares Management announced the launch of Automated Industrial Robotics, a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. And an Ares Private Equity fund has invested substantial equity capital to support AIR’s acquisition and organic growth strategy.

Bastille: Wireless Threat Intelligence Company Raises $44 Million

By Dan Anderson ● Jan 26, 2024

Bastille Networks - a leading supplier of wireless threat intelligence technology to the high-tech, banking, and intelligence community - announced a Series C investment of $44 million, led by a new investor: Growth Equity at Goldman Sachs Asset Management.

Circular Genomics: $8.3 Million Closed To Advance Circular RNA Biomarkers For Precision Psychiatry And Neurology

By Noah Long ● Jan 26, 2024

Circular Genomics - a global leader in advancing circular RNA biomarkers for precision psychiatry and neurology - announced the closing of an $8.3 million Series A investment round. This funding round, led by Mountain Group Partners, welcomes new investor UNM Rainforest Innovations and initial investors, including Cottonwood Technology Fund, Tramway Venture Partners, and other undisclosed individuals.

Doppel: Digital Risk Protection Company Closes $14 Million In Funding

By Noah Long ● Jan 26, 2024

Doppel - an AI-native digital risk protection company - announced the successful completion of a $14 million Series A funding round led by Andreessen Horowitz (a16z) with participation from Strategic Cyber Ventures and seasoned cybersecurity leaders. This investment will accelerate Doppel's mission to revolutionize brand security and threat intelligence through the application of artificial intelligence technology.

Why Roper Technologies Is Buying Procare Solutions For About $1.75 Billion

By Amit Chowdhry ● Jan 26, 2024

Roper Technologies announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents about 18 times Procare’s estimated EBITDA for the twelve months ending March 31, 2025.

C16 Biosciences: $3.5 Million Grant Received From Gates Foundation

By Amit Chowdhry ● Jan 26, 2024

C16 Biosciences - the makers of Palmless, a platform for sustainable palm oil alternatives - announced it is ramping up its capabilities in the food category, driven by a $3.5 million grant from the Bill & Melinda Gates Foundation and a $1 million investment from Elemental Excelerator.

BGO: Global Real Estate Investment Management Company Closes €1.38 Billion Fund

By Amit Chowdhry ● Jan 26, 2024

BGO - a leading global real estate investment management advisor, real estate lending advisor, and provider of real estate services - announced the successful final close of its third Europe Secured Lending Fund, with a total of €1.38 billion in commitments from 40 global institutional investors. The fund surpassed the initial target of €1.35 billion.

Captura: Direct Ocean Capture Company Raises $21.5 Million

By Dan Anderson ● Jan 26, 2024

Captura has announced it expanded its Series A funding round to raise an additional US$21.5 million to commercialize its Direct Ocean Capture (DOC) technology that utilizes the power of the ocean to absorb carbon dioxide (CO2) from the atmosphere.

ViralMoment: AI-Based Social Video insights Company Closes $2.5 Million

By Annie Baker ● Jan 26, 2024

ViralMoment - a leading provider of AI-powered social video insights and analytics - announced a seed round of $2.5 million, led by Supernode Global, with participation from funds including Crush Ventures, Duo Partners, Carnegie Mellon University, and Techstars.

Prime Medicine: Up To $15 Million Funding From Cystic Fibrosis Foundation

By Annie Baker ● Jan 26, 2024

The Cystic Fibrosis Foundation announced it will provide up to $15 million to Prime Medicine for preclinical research into gene editing for cystic fibrosis. Prime Medicine utilizes a gene editing technology called prime editing — a technology that enables insertions or deletions of small segments of DNA at precise sites.

Cnergreen: University Of Calgary Advanced Materials Spin Off Company Raises C$2 Million

By Amit Chowdhry ● Jan 26, 2024

Cnergreen - a Calgary-based startup manufacturing stable foams for CO2 injection in enhanced oil recovery (EOR) - announced it raised a $2 million seed funding round led by Rhapsody Venture Partners. This US-based venture capital firm specializes in hard-tech investments.

Isaac Health Raises $5.7 Million To Redefine The Future Of Brain Healthcare

By Noah Long ● Jan 26, 2024

Isaac Health - a digital health company emerging as a national leader in brain health - announced the successful completion of its oversubscribed $5.7 million seed round. The funding round was led by Meridian Street Capital and B Capital, with participation from Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels.

ZWI Therapeutics: Funding Round Raised To Develop Protein Therapeutics

By Noah Long ● Jan 26, 2024

ZWI Therapeutics - a biotechnology company focused on the development of protein therapeutics using proprietary new polymers - announced a Series A financing, the appointment of pharmaceutical industry veterans Drs. Larry Miller and Ron Cohen as Independent Directors to the company's Board of Directors, and Dr. Ed Mascioli as CEO and Board Director.

Prompt Security Raises $5 Million To Accelerate Growth

By Annie Baker ● Jan 26, 2024

Prompt Security - a unified platform for enterprise generative AI security - launched from stealth and announced $5 million in seed funding. The funding round was led by Hetz Ventures with participation from Four Rivers and prominent angels, including CISOs at Elastic and Dolby. And Prompt Security is helping dozens of high-profile companies protect their applications, employees, and customers from new generative AI-associated threats.

Why Haleon Is Selling ChapStick To Suave Brands For $430 Million

By Amit Chowdhry ● Jan 26, 2024

Haleon plc entered into a binding agreement to sell the ChapStick brand to Suave Brands Company, a portfolio company of Yellow Wood Partners.

Utah-Based Venture Studio Wingspan Reveals Two Investments And Tech9 Partnership

By Amit Chowdhry ● Jan 26, 2024

Wingspan is a new venture studio based in Utah that announced its launch with two investments and a partnership with Tech9, a premier custom software development company.

Why Minute Media Is Buying STN Video

By Annie Baker ● Jan 26, 2024

Minute Media - a leading global technology and sports content company - announced it has acquired STN Video, the North American industry leader in sports content distribution, who holds premium partnerships with every major league in the US alongside an award-winning Online Video Platform, reaching tens of millions of unique users across the web.

DNA Nanobots: Pre-Seed Funding Round Raised To Launch A BioPharma Partner Program

By Annie Baker ● Jan 26, 2024

DNA Nanobots - a leader in the design and delivery of DNA nanoparticles engineered for targeted therapeutics - announced that it has closed its pre-seed funding round. The funding round enables DNA Nanobots to launch its BioPharma Partner Program to streamline its end-to-end custom biopharma solutions from design to development for preclinical and animal studies for improved delivery of a wide range of therapeutics.

icotec: Spinal Tumor Implant Company Closes $30 Million In Funding

By Dan Anderson ● Jan 26, 2024

icotec ag - a leading company in innovative spinal tumor implants - announced a significant milestone in its growth journey by establishing a strategic partnership with MVM Partners (MVM), a global healthcare venture capital firm.

MY DR Now Raises Follow-On Investment From Kain Capital

By Noah Long ● Jan 26, 2024

MY DR NOW recently announced it raised a follow-on investment from Kain Capital LLC, which is a leading private equity firm focused on the technology enablement of healthcare services companies. MY DR NOW is a leading provider of primary and specialty care with multiple locations in Arizona. The company’s total investment to date is $60 million.

University Of Texas At San Antonio Launches College In AI, Cyber, Computing, And Data Science

By Amit Chowdhry ● Jan 26, 2024

The University of Texas at San Antonio announced a pioneering initiative to reshape its academic landscape by launching a new college dedicated to artificial intelligence (AI), cybersecurity, computing, data science, and related disciplines.

Why Kadant Is Buying KWS Manufacturing Company

By Annie Baker ● Jan 26, 2024

Kadant announced it had completed the acquisition of KWS Manufacturing Company, Ltd. (KWS) for about $84 million in cash, subject to certain customary adjustments. This acquisition was financed primarily through borrowings under Kadant's revolving credit facility.

Consortium Raises Strategic Investment From M|C Partners

By Noah Long ● Jan 26, 2024

M|C Partners - a digital infrastructure and tech services private equity firm - announced it has invested strategically in Consortium Networks, a national cybersecurity organization. This investment will enhance Consortium Networks' growth by expanding talent acquisition, sales, technical expertise, and innovation. Nate Ungerott, a cybersecurity veteran, was also appointed CEO.

Wealth Partners Capital Group And HGGC Form Strategic Partnership With True North Advisors

By Noah Long ● Jan 25, 2024

True North Advisors, LLC - a Texas-based registered investment adviser (RIA) - announced it has entered into a strategic partnership with Wealth Partners Capital Group (WPCG), a financial services holding company, and HGGC, a firm focused on partnership investing.