Archives

Charlesbank Capital Partners: Credit Opportunities Fund III Closed At $1.5 Billion

By Amit Chowdhry ● Feb 1, 2024

Charlesbank Capital Partners - a middle-market private investment firm - announced that it has completed fundraising for Charlesbank Credit Opportunities Fund III. This fund closed at $1.5 billion, surpassing its target of $1.25 billion, and includes commitments from a diverse set of existing and new limited partners.

Squid: Cross-Chain Do-Anything Router Company Closes $4 Million

By Noah Long ● Feb 1, 2024

Squid - a cross-chain do-anything router - announced $4 million in strategic funding led by Polychain Capital with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, The Department of XYZ, Breed, Binary Builders, and Typhon Ventures, along with follow-on investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One.

Crux: Sustainable Finance Company Raises $18.2 Million

By Noah Long ● Feb 1, 2024

Crux - a sustainable finance technology company - announced that it had raised $18.2 million in Series A funding led by Andreessen Horowitz. And existing investors Lowercarbon Capital, New System Ventures, Overture, and The Three Cairns Group participated in the round. David Haber, General Partner at Andreessen Horowitz, specializing in technology investments and financial services, will join the board.

Splash: Peer-To-Peer Sports Strategy Game Company Secures $14.1 Million

By Annie Baker ● Feb 1, 2024

Splash - the largest independent provider of peer-to-peer sports strategy games in the US with over 2 million active users - announced the closing of a Series A-2 Funding Round of $14.1 million, with investment from venture firms Boston Seed, Velvet Sea Ventures, K5, Elysian Park, Acies Investments, Accomplice, Counterview and others.

Heart Aerospace: Hybrid Electric Airplane Maker Company Raises $107 Million

By Dan Anderson ● Feb 1, 2024

Swedish hybrid-electric airplane maker Heart Aerospace announced it raised a total of $107 million in Series B funding, representing another significant stepping stone toward sustainable regional air travel.. And the new funding round brings the total financing raised by Heart Aerospace since its inception to $145 million.

Spearmint Energy And Nuveen Partner To Enhance Battery Storage Portfolio Development

By Amit Chowdhry ● Feb 1, 2024

Spearmint Energy - a next-generation renewable energy company enabling the clean energy revolution through battery energy storage - announced the addition of Nuveen to its $200 million enhanced credit facility with Aiga Capital Partners.

QuicksortRx: $100 Million Saved For Health Systems

By Annie Baker ● Feb 1, 2024

QuicksortRx - a technology company helping health systems improve pharmacy purchasing and reduce medication costs - announced that its clients have achieved over $100 million in medication cost savings through the platform since its launch in late 2018.

Kafene: $15 Million Growth Capital From Trinity Capital

By Amit Chowdhry ● Feb 1, 2024

Trinity Capital - a leading provider of diversified financial solutions to growth-stage companies - announced the commitment of $15 million in growth capital to Kafene. This point-of-sale platform helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.

LimmaTech Biologics: $3 Million Secured To Combat The Global Antimicrobial Resistance Epidemic

By Annie Baker ● Feb 1, 2024

LimmaTech Biologics announced a second closing of its Series A financing, raising an additional $3 million from new investor Tenmile, bringing the total raised to $40 million (CHF 34,7 million).

PPM America Capital Partners: Closing On $660 Million Private Equity Fund

By Amit Chowdhry ● Feb 1, 2024

PPM America private equity arm PPM America Capital Partners (PPMACP) announced the final closing (December 31, 2023) of its eighth co-investment fund PPM America Private Equity Fund VIII LP (together with its parallel fund), a vintage 2021 fund. The final closing amount of $660 million is PPMACP’s largest to date, surpassing its previous fund, which closed in 2018.

Proniras: $4.65 Million Funding Raised To Develop Small-Molecule Therapeutics For Substance Use Treatment

By Noah Long ● Feb 1, 2024

Proniras Corporation - a clinical-stage biotechnology company developing novel small-molecule therapeutics for the treatment of substance use and specialty central nervous system disorders - announced the successful completion of a $4.65 million funding round, marking a significant milestone in its ongoing Series B financing, which aims to secure up to $9 million.

KKR Closes $6.4 Billion For Asia Pacific Infrastructure Investors II Fund

By Amit Chowdhry ● Feb 1, 2024

KKR announced the final close of KKR Asia Pacific Infrastructure Investors II SCSp, a US$6.4 billion fund focused on infrastructure-related investments across Asia Pacific. At the close, the fund is the largest pan-regional infrastructure fund to have been raised for Asia Pacific.

PGA TOUR Signs Up To $3 Billion Deal From U.S. Investors

By Amit Chowdhry ● Feb 1, 2024

M&G: Emmanuel Deblanc Named As CIO Of £74 Billion Private Markets Operation

By Amit Chowdhry ● Feb 1, 2024

M&G Investments announced the appointment of Emmanuel Deblanc as Chief Investment Officer to lead its Private Markets business. The firm’s £74 billion international Private Markets business has over two decades of experience in investing in private credit, structured credit, impact and private equity, real estate, and infrastructure.

Oasis Security: Non-Human Identity Management (NIM) Solutions Company Raises $40 Million

By Amit Chowdhry ● Feb 1, 2024

Oasis Security - a leading provider of non-human Identity Management (NIM) solutions - announced that it raised a total of $40 million funding led by Sequoia Capital, along with Accel, Cyberstarts and Maple Capital. And Guy Podjarny, founder of Snyk, and Michael Fey, Co-Founder and CEO of Island, also participated in the financing.

Accompany Health: $56 Million Raised To Help Care For Low-Income Patients

By Amit Chowdhry ● Feb 1, 2024

Accompany Health - a primary, behavioral, and social care provider for low-income patients with complex needs - recently announced it launch with $56 million in Series A funding from investors including Venrock, ARCH Venture Partners, IVP, Granite Capital Management, and Evidenced. And the company recently began serving 8,000 patients in Detroit in partnership with a major national health plan.

MIC Global: Embedded Microinsurance Company Secures $6 Million

By Noah Long ● Feb 1, 2024

MIC Global (MIC) - a full stack embedded microinsurance provider - announced it raised a $6 million seed funding round. The funding round was led by Launchpad Capital and joined by Greenlight Re Innovations, Ironsides Partners, and existing investors. The funding will drive MIC Global’s growth plans, including infrastructure, talent, and market expansion investments.

Walmart Plans To Add 150 More Stores Across The U.S.

By Amit Chowdhry ● Feb 1, 2024

John Furner, President and CEO of Walmart U.S., announced that Walmart currently employs about 1.6 million people in the country. The company plans to support even more jobs by expanding and modernizing the facilities. Over the next five years, Walmart plans to build or convert more than 150 stores while continuing our program to remodel existing stores.

Advantage Solutions Selling Collection Of Foodservice Businesses To Prospect Hill Growth Partners

By Dan Anderson ● Feb 1, 2024

Advantage Solutions - a leading provider of sales and marketing services to consumer goods manufacturers and retailers - announced it has sold its collection of foodservice businesses, most notably Waypoint, to Prospect Hill Growth Partners, L.P.

Why Accenture Is Investing In Tenchi Security

By Annie Baker ● Feb 1, 2024

Accenture announced it had made a strategic investment through Accenture Ventures in Tenchi Security, a third-party cyber risk management company. And Accenture will leverage Tenchi’s SaaS platform as a new component of its managed security services offering to help organizations reduce cyber risks across their supply chain.

NeoPhore: Small Molecule Neoantigen Immuno-Oncology Company Raises £9.6 Million

By Dan Anderson ● Feb 1, 2024

NeoPhore Limited - a small molecule neoantigen immuno-oncology company - announced a further extension of £9.6 million (approx. USD $12.2m) to its Series B financing round.

Zum: $140 Million Funding, $350 Million Total Raised, And $1.3 Billion Valuation

By Amit Chowdhry ● Feb 1, 2024

Zūm - a leading provider of modern student transportation - announced a $140 million Series E funding round. GIC, a leading global investment firm, led this new funding round. And Climate Investment and existing investors, including Sequoia and SoftBank Vision Fund 2, also joined the round, elevating the company's valuation to $1.3 billion — a major increase from its previous series D raise in Oct 2021. This round brings Zum's total fundraising to $350 million.

Pivot Bio: How This Company Empowers Farmers In Improving Productivity Across A $190 Billion Industry

By Amit Chowdhry ● Feb 1, 2024

Pivot Bio is a company that provides farmers and the world with better nitrogen for improved productivity and sustainability. Pulse 2.0 interviewed Pivot Bio CEO Chris Abbott to learn more about the company.

Kontur: Utilizing Geospatial Data For Real-Time Risk Management And Disaster Responses

By Amit Chowdhry ● Feb 1, 2024

Kontur is a geospatial data and real-time risk management tool for businesses, governments, and humanitarian organizations. Pulse 2.0 interviewed Kontur founder and CEO Arben Kane to learn more about the company.

Direct Digital Holdings: This Rapidly Growing Programmatic Ad Player Generates Over 300 Billion Monthly Impressions

By Amit Chowdhry ● Feb 1, 2024

Direct Digital Holdings owns operating companies Colossus SSP, Huddled Masses, and Orange 142, which bring state-of-the-art sales and buy-side advertising platforms together under one umbrella company. Pulse 2.0 interviewed Direct Digital Holdings Co-Founder, CEO and Chairman Mark D. Walker to learn more about the company.

Byron Allen’s Allen Media Group Offers $30 Billion For Paramount: Details

By Amit Chowdhry ● Jan 31, 2024

Businessman, film and TV producer, and comedian Byron Allen has made a $30 billion offer (including debt) for Paramount Global through his company Allen Media Group. Paramount Global is the parent company of CBS and several cable channels such as Nickelodeon.

Why Fabric Is Buying GYANT

By Amit Chowdhry ● Jan 31, 2024

Fabric (founded in 2021 as Florence) announced its strategic acquisition of GYANT, a conversational AI care assistant and patient engagement suite, enabling health organizations to automate patient navigation and scheduling. And by automating busywork and humanizing care, Fabric could improve multi-channel access and maximize existing clinical capacity across virtual and in-person care.

Indemn: AI-Powered Conversational Insurance Platform Company Raises $1.9 Million

By Annie Baker ● Jan 31, 2024

Indemn (a pioneering insurtech platform) announced it has raised a $1.9 million pre-seed funding round, marking its continued growth in delivering insurance products through natural conversation powered by AI. The funding round was led by Markd, with participation from Afterwork Ventures, Everywhere Ventures, and a group of prominent entrepreneurs and insurance leaders from Australia and the U.S.

Cabot Properties: $1.57 Billion Of Equity Commitments Closed

By Amit Chowdhry ● Jan 31, 2024

Cabot Properties - a leading investor, developer and operator of logistics properties throughout the United States, Europe and Asia Pacific - announced the final closing of Value Fund VII on $1.57 billion of equity commitments. This was above its initial target of $1.5 billion. Fund VII represents Cabot’s largest fund to date, demonstrating the growth of Cabot’s industrial platform and the demand among institutions for access to the sector - which was supported by historically strong fundamentals.

Future Energy Ventures: €110 Million Fund Closed For Sustainable Investments

By Amit Chowdhry ● Jan 31, 2024

E.ON - the European Investment Fund (EIF) and Future Energy Ventures (FEV) jointly foster smart innovations for the energy transition through a newly established fund. This fund (managed by FEV) already has a volume of €110 million and a target size of €250 million. E.ON and the EIF hold a mid-double-digit million euro stake as anchor investors. These funds invest primarily in start-ups and scale-ups that develop and implement digital solutions to drive the energy transition.