Archives

National Bankshares To Buy Frontier Community Bank For $17.1 Million Deal: Details

By Dan Anderson ● Jan 25, 2024

National Bankshares and Frontier Community Bank has jointly announced that they have entered into a definitive merger agreement for National Bankshares to buy Frontier. And as of September 30, 2023, Frontier had total assets of approximately $154 million. Upon the completion of the deal, National Bankshares is expected to have total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data.

Benefit Street Partners: $4.7 Billion Fifth Flagship Private Credit Fund Closed

By Amit Chowdhry ● Jan 25, 2024

Benefit Street Partners (BSP) announced the final closing of its fifth flagship direct lending vehicle BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Consistent with prior vintages, this fund seeks to generate attractive risk-adjusted returns by investing primarily in privately originated, floating rate, senior secured loans.

HEAL Security: Healthcare-Focused Cybersecurity Intelligence Company Raises $4.6 Million In Funding

By Annie Baker ● Jan 25, 2024

Health2047 - a Silicon Valley-based venture studio founded by the American Medical Association (AMA) - announced its investment in and launch from stealth of portfolio company HEAL Security, a cognitive cybersecurity intelligence platform custom-designed for the healthcare sector. So far, Health2047 invested $2.3 million in HEAL Security, with additional co-investor funding bringing its total pre-seed investment to $4.6 million.

Why Voltron Data Is Buying Claypot AI

By Amit Chowdhry ● Jan 25, 2024

Voltron Data - a company accelerating modular and composable data analytics systems - recently announced that it has acquired Claypot AI, a real-time AI platform startup. And Voltron Data processes large batch workloads on GPUs today and will incorporate Claypot AI's real-time capabilities on GPU.

Infobip: Interview With CFO Richard Kraska

By Amit Chowdhry ● Jan 25, 2024

Infobip is a global leader in omnichannel engagement, powering a broad range of messaging channels, tools, and solutions for advanced customer engagement, authentication and security. Pulse 2.0 interviewed Infobip CFO Richard Kraska to learn more about the company.

Janssen Partners: The Story Behind This Successful Investment Banking Firm

By Amit Chowdhry ● Jan 25, 2024

Janssen Partners is an investment banking firm dedicated to building successful growth-oriented companies while guiding investors to superior financial returns. Pulse 2.0 interviewed Janssen Partners director Peter K. Janssen to learn more about the firm.

Leaderology: How This Development Organization Is Developing Fearlessly Authentic Leaders

By Amit Chowdhry ● Jan 25, 2024

Leaderology is a collective of human transformation advocates who are passionate about leadership. The organization champions and develops fearlessly authentic leaders who want to cultivate expansive, inclusive and sustainable communities of effort. Pulse 2.0 interviewed Leaderology chief excellence officer Marissa Waldman to learn more.

Acceldata: How This Data Observability Platform Company Helps Enterprises Scale Their Products

By Amit Chowdhry ● Jan 25, 2024

Acceldata is a company that has developed the world's first enterprise data observability platform to help enterprises build and operate great products. Pulse 2.0 interviewed Acceldata founder and CEO Rohit Choudhary.

CryptoSafe: $20 Million Funding Raised At $95 Million Valuation

By Noah Long ● Jan 24, 2024

CryptoSafe - a blockchain project focused on enhancing capital efficiency in the cryptocurrency market – announced it has closed its latest funding round, securing $20 million at a valuation of $95 million. This funding round signifies a significant milestone for the company as it positions itself for further growth, innovation, and market expansion.

Carlyle: Acquisition Of $415 Million Private Student Loan Portfolio And Strategic Investment In Monogram

By Amit Chowdhry ● Jan 24, 2024

Global investment firm Carlyle announced the acquisition of a $415 million private student loan portfolio, and strategic investment into Monogram, a leading provider of finance solutions for students and their families. Led by the former management team of Cognition Financial and backed by Carlyle, Monogram will partner with Carlyle to originate, acquire, and manage high-quality third-party private student loan assets.

Synnovation Therapeutics: Precision Medicine Company Raises $102 Million To Develop Small Molecule Therapies

By Amit Chowdhry ● Jan 24, 2024

Synnovation Therapeutics - a precision medicine company developing small molecule therapies optimized to achieve best-in-class pharmacology against highly validated disease targets – has launched with a $102 million Series A. The funding was led by Third Rock Ventures with participation from Nextech, Lilly Asia Ventures, Sirona Capital, and Cormorant Asset Management.

38 Degrees North Raises Growth Equity Investment

By Dan Anderson ● Jan 24, 2024

38 Degrees North - a community solar and distributed renewables platform – announced it has closed on a growth equity investment from S2G Ventures. And the company has also agreed to acquire community solar assets from Community Power Group (CPG) in New York.

Cordillera: $62 Million Closed For Whiskey Opportunities Fund

By Amit Chowdhry ● Jan 24, 2024

Cordillera Investment Partners, L.P. - an investment management firm that exclusively invests in privately-held niche, non-correlated assets - announced it has completed fundraising for its $62 million Whiskey Opportunities Fund. This is the firm’s first fund to exclusively focus on the buying and aging of whiskey barrels as institutional assets.

Motif Neurotech: $18.75 Million Raised To Develop Minimally-Invasive Bioelectronics For Mental Health

By Annie Baker ● Jan 24, 2024

Motif Neurotech - a neurotechnology company developing minimally-invasive bioelectronics for mental health – recently announced an oversubscribed Series A financing of $18.75 million led by Arboretum Ventures, with participation from new investors KdT Ventures, Satori Neuro, Dolby Family Ventures, re.Mind Capital, individual investor Max Hodak and existing investors Divergent Capital, TMC Innovation, PsyMed Ventures, Empath Ventures and Capital Factory.

Klarna Launches Klarna Plus In The US

By Amit Chowdhry ● Jan 24, 2024

Klarna – an AI-powered global payments network and shopping assistant - announced its entry into the subscription service model with the launch of Klarna Plus (issued by WebBank), which is now available to eligible US consumers through the Klarna app for a monthly fee of $7.99.

Instagrid: Portable Battery System Company Closes $95 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

Instagrid – a leading Europe-based provider of high-performance portable battery systems - announced a Series C funding round of $95 million. And Instagrid more than doubled revenues this year and will use the funding to continue its growth by entering the North American market, increasing production, and expanding its range of mobile power solutions to decarbonize off-grid power.

Root Protocol: $10 Million Closed At $100 Million Valuation

By Noah Long ● Jan 24, 2024

Root Protocol – a company focused on building a portal to connect with any chain, DApp, and asset – announced it has closed $10 million in funding at a valuation of $100 million. Animoca Brands led the funding rounds. They included contributions from several other notable investors, including Shima Capital, DFG Group, Signum Capital, Ankr Network, Digital Strategies, CMS Holdings, Double Peak, GenBlock Capital, Cypher Capital, and Basics Capital. The new investors announced are Dao5 and Gate Labs Ventures.

CheckSammy: Bulk Waste And Sustainability Operator Closes $45 Million In Funding

By Annie Baker ● Jan 24, 2024

Bulk waste and sustainability operator CheckSammy announced it raised a $45 million strategic investment that will enhance the company's ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.

Morressier: Research Integrity Company Secures $16.5 Million

By Dan Anderson ● Jan 24, 2024

Morressier – a Berlin-based startup transforming scholarly communications – recently announced it has raised a $16.5 million Series B funding round led by Molten Ventures and with the participation of existing investors including Redalpine, Owl Ventures, and Cherry Ventures. And this growth investment follows the company’s Series A round from May 2021 and will be topped up with further funding for acquisition opportunities.

Recurrent Energy: $500 Million In Capital Commitment From BlackRock

By Noah Long ● Jan 24, 2024

Recurrent Energy (a subsidiary of Canadian Solar) - a global developer and owner of solar and energy storage assets - announced that it has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business.

Better Stack: Infrastructure Monitoring Company Closes $10 Million In Funding

By Noah Long ● Jan 24, 2024

Better Stack announced it has raised an additional $10 million in funding from a leading European early-stage investor KAYA, an existing backer of Better Stack and Europe's best tech companies, which include Docplanner, Rohlik, and Booksy. And Aaron Levie (CEO at Box) and Kulpreet Singh (ex-UiPath) are joining as angel investors.

Aniai: Robotic Kitchen Solution Company Secures $12 Million In Funding

By Annie Baker ● Jan 24, 2024

Aniai - a fast-growing robotic company and global leader in innovative kitchen solutions – recently announced that it has successfully secured a $12 million pre-Series A funding round.

TPG Invests In Compass Surgical Partners

By Annie Baker ● Jan 24, 2024

TPG (a leading global alternative asset management firm) announced a significant strategic investment in Compass Surgical Partners (an independent full-service ambulatory surgery center (ASC)) development and management partner. And TPG Growth is funding the investment, participating alongside existing investor Health Velocity Capital.

Stellantis Buying AI Technologies And IP From CloudMade

By Amit Chowdhry ● Jan 24, 2024

Stellantis N.V. has announced the acquisition of the artificial intelligence framework, machine learning models, intellectual property rights, and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions.

3thix: Game Monetization Company Secures $8.5 Million In Funding

By Amit Chowdhry ● Jan 24, 2024

3thix – a modern-day approach to all things game monetization - recently announced its first major investment series, totaling $8.5 million, for its upcoming platform. The investors in this initial round include Hand of Midas, the family office of Shurick Agapitov, founder of Xsolla, a global video game commerce company, and Sonic Boom Ventures, the family office of Steve Kokinos, co-founder and former CEO of Algorand.

BillingPlatform: Enterprise Revenue Lifecycle Management Company Secures $90 Million

By Amit Chowdhry ● Jan 24, 2024

BillingPlatform – an enterprise revenue lifecycle management platform for innovative business models - announced a $90 million growth equity investment from FTV Capital. These are the details.

Anomalo: Data Quality Platform Company Raises $33 Million

By Amit Chowdhry ● Jan 24, 2024

Anomalo – a complete data quality platform company – announced that it has raised $33 million in Series B funding, bringing the total raised to $72 million. The funding round was led by SignalFire with participation from strategic investor Databricks Ventures. Previous investors Norwest Venture Partners, Two Sigma Ventures and Foundation Capital also participated in this round.

Sion Power: $75 Million Secured To Commercialize Next-Generation Batteries For EVs

By Amit Chowdhry ● Jan 24, 2024

Sion Power - a leading technology developer of next-generation batteries for electric vehicles (EV) – announced that it has secured $75 million in Series A funding. The funding round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from Jim Simons’ Euclidean Capital.

Bilt Rewards: Loyalty Platform Company Raises $200 Million At $3.1 Billion Valuation

By Amit Chowdhry ● Jan 24, 2024

Bilt Rewards – a leading loyalty platform specializing in rent and neighborhood rewards - announced a $200 million equity investment led by General Catalyst, with significant contributions by Eldridge and existing investors Left Lane Capital, Camber Creek, and Prosus Ventures. This surged the company's valuation to $3.1 billion.

Kittl: Creator Design Platform Company Raises $36 Million

By Amit Chowdhry ● Jan 24, 2024

Kittl, a creator design platform, announced it raised $36 million in Series B funding led by IVP. This comes just nine months after the company raised $11 million in Series A funding. The small gap in funding rounds is largely due to the company’s rapid growth, and now they are in the position to double down on their mission to make design more accessible.