Archives

Navigate: How This Company Is Building More Intelligent Maps

By Amit Chowdhry ● Feb 5, 2024

Navigate is a company that is building an intelligent map that will offer everyone better data faster. Pulse 2.0 interviewed Navigate AI and Blockchain Specialist to learn more about the company.

Pickle: How This Company Helps People Make Money From Items In Their Closet

By Amit Chowdhry ● Feb 5, 2024

Pickle is a leading peer-to-peer rental marketplace, making items from your community’s closets available for rent on demand. Pulse 2.0 interviewed Pickle co-founder and CEO Brian McMahon to learn more about the company.

Rite Aid Completes The Sale Of Elixir Solutions To MedImpact For About $576.5 Million

By Annie Baker ● Feb 5, 2024

Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for about $576.5 million.

Rivia Health: Healthcare Revenue Cycle Management Company Raises $3.25 Million

By Annie Baker ● Feb 5, 2024

Rivia Health (a revenue cycle management solution for healthcare provider organizations) announced a $3.25 million Series Seed funding round led by PHX Ventures. The new funding round will be used to expand Rivia Health's patient payment solution and enter new markets across the country.

Why Acerinox Is Buying Haynes International For $970 Million

By Noah Long ● Feb 5, 2024

Acerinox (a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys) announced that it has entered into a definitive agreement under which Acerinox’s wholly-owned U.S. subsidiary – North American Stainless (NAS) will acquire Haynes International, a U.S. leading developer, manufacturer, and marketer of technologically advanced high-performance alloys, in an all-cash transaction.

AnswerRocket: How This Company Helps Businesses Uncover Insights From Enterprise Data

By Amit Chowdhry ● Feb 5, 2024

AnswerRocket is a Gen AI analytics platform that helps business users uncover insights from their enterprise data. Pulse 2.0 interviewed AnswerRocket co-founder Mike Finley to learn more about the company.

Novo Holdings Buying Catalent In A $16.5 Billion Deal

By Amit Chowdhry ● Feb 5, 2024

Catalent (a leader in enabling the development and supply of better treatments for patients worldwide) and Novo Holdings (a holding and investment company that is responsible for managing the assets and wealth of the Novo Nordisk Foundation) announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis.

Styra: How This Company Is Building Policy As Code For Cloud Native Security

By Amit Chowdhry ● Feb 5, 2024

Styra is a company that has built policy as code for cloud-native security from the creators and maintainers of Open Policy Agent (OPA). Pulse 2.0 interviewed Styra co-founder and CTO Tim Hinrichs to learn more about the company.

p0 Emerges From Stealth With $6.5 Million In Funding

By Amit Chowdhry ● Feb 3, 2024

p0 recently launched from stealth and announced that it has raised $6.5 million from Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures.

Meteomatics Raises Strategic Investment From Lockheed Martin Ventures

By Amit Chowdhry ● Feb 3, 2024

Weather intelligence and technology company Meteomatics enables the world’s leading companies to forecast the weather’s impact on business accurately and the company announced the closing of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation.

MYAVANA: Partnership With Ulta Beauty And Strategic Investment From Prisma And BrainTrust

By Noah Long ● Feb 3, 2024

MYAVANA - a beauty-tech company founded by black female tech entrepreneur Candace Mitchell Harris - announced a new experiential partnership with Ulta Beauty, with strategic investments from Prisma Ventures, the beauty retailer's digital innovation fund, and the BrainTrust Fund.

Harbor: Infant Care Technology Company Raises $3.7 Million

By Amit Chowdhry ● Feb 3, 2024

Harbor - a company in infant care technology - announced the completion of a $3.7 million seed round led by Trust Ventures joined by Morrison Seger and Capital Factory. This funding round follows Trust Ventures pre-seed investment in September 2022.

Hildene Capital: $318.4 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Feb 3, 2024

Hildene Capital Management, LLC - a $14.7 billion credit-focused asset manager - announced the completion of CROSS 2024-H1, a $318.4 million securitization backed by non-qualified residential mortgage (non-QM) loans originated by CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S.

Anaergia Closes First Tranche Of Strategic Investment

By Noah Long ● Feb 3, 2024

Anaergia - a global renewable fuels leader - announced that the first tranche of the previously announced equity investment of C$40.8 million from Marny Investissement SA has closed with the issuance of 31.25 million units of the company for gross proceeds of C$12.5 million, immediately following entry by the parties into an amendment agreement.

Pivot Bio And Iowa State University Partnering On Center For Sustainable Agriculture

By Amit Chowdhry ● Feb 3, 2024

Sustainable agriculture company Pivot Bio opened its new 36,000-square-foot Customer Success Center in the heart of the Iowa State University Research Park this week. And this facility underscores the company's commitment to developing microbial nitrogen solutions that allow farmers to reduce their reliance on synthetic fertilizers.

Why BAE Systems Is Buying Malloy Aeronautics

By Annie Baker ● Feb 3, 2024

BAE Systems announced it is buying Malloy Aeronautics, a leading company in innovative heavy-lift drone and aeronautical technologies. And Malloy Aeronautics designs and supplies all-electric uncrewed aerial systems (UAS) to civil and military customers. And its range of uncrewed, heavy-lift quadcopters can lift payloads from 68kg to 300kg over short to medium-range missions.

Steinbridge Group Investing About $40 Million In Virginia Union University

By Amit Chowdhry ● Feb 3, 2024

Virginia Union University announced that impact investing firm Steinbridge Group will invest about $40 million to enable Virginia Union to unlock the value of its 100-acre real estate holdings in Richmond’s North Side. This investment will empower the University to develop underutilized parcels of land for commercial and residential uses.

Second Avenue Capital Providing Brixton With New $15 Million Credit Facility

By Annie Baker ● Feb 3, 2024

Schottenstein affiliate Second Avenue Capital Partners (SACP) (a leading provider of asset-based loans and credit facilities) announced it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand based in Oceanside, California. This credit facility will be instrumental in optimizing Brixton's working capital and fueling its continued growth in the competitive fashion industry.

Why Guardian Capital Is Buying Sterling Capital Management

By Noah Long ● Feb 3, 2024

Guardian Capital Group Limited announced that it has agreed that Guardian’s wholly-owned subsidiary, Guardian Capital LLC, will acquire Sterling Capital Management from Truist Financial Corporation. Based in Charlotte, North Carolina, Sterling traces its origins as an independent investment manager to 1970.

Cohere Health: Clinical Intelligence And Prior Authorization Automation Company Raises $50 Million

By Amit Chowdhry ● Feb 2, 2024

Cohere Health - a leader in clinical intelligence and prior authorization automation - announced it has closed $50 million in additional equity funding. The funding round was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brought the total raised by Cohere to $106 million. This latest funding round will drive the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform.

The Parking Spot Raises $750 Million Debt Financing From Carlyle

By Amit Chowdhry ● Feb 2, 2024

Global investment firm Carlyle announced the closing of a $750 million senior secured debt financing for The Parking Spot, which is the largest near-airport parking company in the United States. And the facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s portfolio consisting of 28 near-airport parking facilities across 18 major US airports in 13 states. Carlyle also served as the sole manager, structuring agent, and ratings advisor for the transaction.

CARPL: Enterprise Imaging AI Marketplace Platform Raises $6 Million

By Annie Baker ● Feb 2, 2024

CARPL - an enterprise imaging AI marketplace platform - has announced a $6 million funding round to enable healthcare providers to access, assess and integrate these radiology AI applications into their clinical workflows through a single user-interface, single data channel and single procurement system.

Why Valsoft Is Buying Easy Employer

By Noah Long ● Feb 2, 2024

Valsoft Corporation - a Canadian company specializing in acquiring and developing vertical market software businesses - announced the acquisition of Easy Employer. This industry leader company offers staff management, time and attendance, rostering, timesheet management, payroll, and award interpretation solutions across several industries in Australia and internationally.

Avation Medical: Neuromodulation And Digital Health Company Raises $22 Million

By Annie Baker ● Feb 2, 2024

Avation Medical - an innovative neuromodulation and digital health company with a goal to make wearable peripheral neuromodulation accessible to patients across a variety of clinical conditions - announced over $22 million in equity financing in its oversubscribed Series C round, led by new investors ShangBay Capital and Asahi Kasei, which included Angelini Ventures, JobsOhio Growth Capital Fund, and others. Additional investments were also provided by Arboretum Ventures, Tonkawa, Medtronic, and Avestria Ventures. The funding in the round (which remains open) will be used for the U.S. launch of the company's Vivally System.

Why Shutterstock Is Buying Backgrid

By Annie Baker ● Feb 2, 2024

Shutterstock - a leading global creative platform connecting brands and businesses to high-quality content - announced the acquisition of Backgrid (a global premier destination for celebrity news), which has supplied top media organizations with real-time content from the world's top photographers for over three decades. With this acquisition, Shutterstock will expand its archive with an additional 30 million+ images and videos across celebrity, red carpet, and live events and add more than 1,400 contributors to its industry-leading global photographer network.

DataSnipper: Intelligent Automation Finance Platform Raises $100 Million At $1 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

DataSnipper - a leading intelligent automation platform for audit and finance professionals - announced it had raised a $100 million Series B, led by Index Ventures, at a valuation of $1 billion. This solidifies the company’s goal to empower auditors with AI after a record year of doubling its customer base and revenue. The Series B funding round follows an investment by Insight Partners in September 2022.

SPR Therapeutics: $85 Million Raised To Drive Rapid Commercial Expansion Of SPRINT PNS System

By Noah Long ● Feb 2, 2024

SPR Therapeutics - a private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain - announced it has secured $85 million in financing, including $25 million in Series D-1 insider equity and a $60 million debt facility.

Ease Capital: $32 Million In Bridge Financing Raised To Acquire Multifamily Property In Virginia Beach

By Dan Anderson ● Feb 2, 2024

Ease Capital announced it had provided Community Investment Group (CIG) with $32 million in acquisition financing for purchasing and renovating Dove Landing Apartments, a 318-unit garden-style multifamily complex located in Virginia Beach, VA.

Rise Growth Partners: $250 Million Commitment Raised From Charlesbank Capital Partners

By Annie Baker ● Feb 2, 2024

Rise Growth Partners - the wealth management industry’s first synergistic financial partner for growth-oriented and registered investment advisors (RIAs) - announced a $250 million commitment from Charlesbank Capital Partners, a middle-market private investment firm with offices in Boston and New York.

Eggscape Entertainment Closes $4.25 Million In Funding To Develop Mixed Reality Social Games

By Dan Anderson ● Feb 2, 2024

Eggscape Entertainment - a new game studio focused on creating social games for mixed reality - announced the completion of a seed round of $4.25 million led by Transcend Fund, with participation from The Venture Reality Fund and strategic angel investor Lautaro Brunatti.