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Oxitope Pharma And Arxx Merge To Form Calluna Pharma And Raises €75 Million

By Dan Anderson ● Jan 23, 2024

Oxitope Pharma and Arxx Therapeutics - companies with a shared goal of utilizing the innate immune system to discover and develop disease-modulating therapies - announced today their merger to form Calluna Pharma today. Calluna has raised €75 million in a series A financing and is backed by Oxitope and Arxx’s existing lead investors, Forbion, Sarsia, p53, and Investinor.

Qdrant: Open-Source Vector Database Company Raises $28 Million

By Annie Baker ● Jan 23, 2024

Qdrant - a leading high-performance and open-source vector database - recently announced the successful completion of its Series A funding round, securing a $28 million investment led by Spark Capital, with participation from existing investors Unusual Ventures and 42CAP.

Health Assurance Transformation To Buy Summa Health: Details

By Amit Chowdhry ● Jan 23, 2024

Summa Health and General Catalyst’s Health Assurance Transformation Corporation (HATCo) recently announced that the two organizations have signed a non-binding Letter of Intent outlining HATCo’s planned acquisition of Summa Health. This strategic deal marks the beginning of a long-term, transformational journey to create a new, more proactive, affordable, and equitable system of community-based lifelong healthcare.

EquityZen: Providing Liquidity To Early Shareholders And Private Market Access To Accredited Investors

By Amit Chowdhry ● Jan 23, 2024

EquityZen brings together investors and shareholders, providing liquidity to early shareholders and private market access to accredited investors. Pulse 2.0 interviewed EquityZen co-founder Atish Davda to learn more about the company and what the future holds for the private secondary market.

Bloomreach Buying Radiance Commerce To Advance AI Innovation For E-Commerce

By Amit Chowdhry ● Jan 23, 2024

Bloomreach - a platform driving limitless e-commerce experiences - announced today the acquisition of Radiance Commerce, an enterprise-grade conversational commerce platform powered by the latest in generative AI. Utilizing large language models (LLMs), Radiance guides customers on their shopping journey through expertise-based selling, product search, recommendations, and exploration. In joining Bloomreach, the Radiance team offers deep technical expertise in AI and conversational commerce to propel Bloomreach’s AI innovation for e-commerce further.

Lakeside Software: Offering An IT Platform Built For Providing A Comprehensive View Of Their Digital Landscape

By Amit Chowdhry ● Jan 23, 2024

Lakeside Software is a company focused on giving organizations with large and complex IT environments visibility across their entire digital estate, empowering IT teams to do more with less. Pulse 2.0 interviewed Lakeside Software CEO David Keil to learn more about the company.

Gulp Data: How This Company Performs Rapid Data Valuations For Accelerating Data Monetization Efforts

By Amit Chowdhry ● Jan 23, 2024

Gulp Data is a provider of data-backed loans and data valuations. The company is powered by proprietary machine learning and can perform rapid data valuations to accelerate data monetization efforts, with the capability to offer non-dilutive loans using copies of the borrowers’ data as collateral. Pulse 2.0 interviewed Gulp Data's founding partner, Lauren Cascio, to learn more about the company.

Colby Brock: An Interview With A Talented Hospitality Leader

By Amit Chowdhry ● Jan 23, 2024

Colby Brock is a businesswoman in the hospitality industry who earned her credibility the old-fashioned way. She worked at what is now Hotel NoMa as a teenager and started creating plans for the hotel’s success. Now working as a property manager, Brock was the mastermind behind the hotel’s recent renovation and rebrand, with a goal of creating a trendy space that still has an at home feel. Pulse 2.0 interviewed Colby Brock to learn more about her background.

Launchbay Capital: First Close Of New $100 Million Secondary Growth Fund Completed

By Amit Chowdhry ● Jan 23, 2024

Launchbay Capital - a leading multi-stage investment firm committed to creating liquidity in the venture ecosystem - recently announced the first close of its new $100 million VC secondary growth fund with over 25% committed by a group of early investors.

Bolt Navigation: Series B Funding Round Closed

By Dan Anderson ● Jan 22, 2024

Bolt Navigation - a privately held leading developer of Handheld Surgical Navigation systems - recently announced that it has closed its Series B financing. The funding round was once again led by Grand Oaks Capital, the investment group for the family office of Paychex founder Tom Golisano, with participation from Impact Capital of New York. And Tom Bonadio, Impact Capital’s General Partner and Chairman of Board of Directors at The Bonadio Group, will join the company’s board.

Howard University Partners With Quantasy To Help Students Manage Mental Wellness

By Noah Long ● Jan 22, 2024

Quantasy has announced a partnership between Howard University and True Voice, the app known for its commitment to mindfulness and holistic well-being. Mental health is a major challenge for college students so that Howard will offer exclusive access to the wellness app. Howard University is the first academic institution to use True Voice to help create a culture of mindfulness that can be implemented daily.

Blackstone: Minority Growth Investment In Salas O’Brien

By Annie Baker ● Jan 22, 2024

Blackstone and Salas O’Brien (a leading employee-owned engineering and technical services firm) announced today a partnership where funds managed by Blackstone made a strategic minority growth investment to help accelerate the company’s continued expansion within the fast-growing architectural, engineering, and construction (AEC) market.

ArcTern Ventures: $335 Million Fund III Closed To Address Climate Change And Sustainability

By Amit Chowdhry ● Jan 22, 2024

ArcTern Ventures - a Toronto-based venture capital firm with offices in San Francisco and Oslo investing globally in breakthrough technology companies addressing climate change and sustainability - recently announced $335 million in commitments for Fund III, including securing new investments from flagship limited partners, including TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management, and other large institutional investors.

ElevenLabs: Voice Technology Research Company Raises $80 Million

By Amit Chowdhry ● Jan 22, 2024

ElevenLabs - a voice technology research company - announced today it has raised an $80m Series B round co-led by Andreessen Horowitz, Nat Friedman, Daniel Gross, and joined by Sequoia Capital, SV Angel, Smash Capital, BroadLight Capital, and Credo Ventures, to cement its position as the global leader in voice AI research and product deployment.

Sunoco LP Buying NuStar Energy For About $7.3 Billion

By Amit Chowdhry ● Jan 22, 2024

Sunoco LP and NuStar Energy L.P. has announced that the parties have entered into a definitive agreement whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt. These are the details.

Macquarie Asset Management: Fund 7 Hits €8 Billion In Investor Commitments

By Amit Chowdhry ● Jan 22, 2024

Macquarie Asset Management announced that over €8 billion has been committed to Macquarie European Infrastructure Fund 7 (MEIF7) upon the fund’s Final Close, making MEIF7 the industry’s largest-ever fund focused on European infrastructure.

MitoSense: $3.5 Million Raised To Develop Neurodegenerative Disease Treatments

By Dan Anderson ● Jan 22, 2024

MitoSense - a research and development company focused on neurodegenerative disease treatments - recently announced the successful closure of its Series Seed Funding Round led by Caydan Capital Partners, raising close to $3.5 million. The funding round will enable MitoSense to advance its innovative work in Mitochondria Organelle Transplantation (MOT).

Flowdesk: $50 Million Raised In Round Led By Cathay Innovation

By Annie Baker ● Jan 22, 2024

Flowdesk - a full-service digital asset trading technology firm - recently announced a $50 million Series B, led by Cathay Innovation, and the participation of Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI, and Ripple.

KKR: Digital Global Education Platform Launched For Advisors And Investors

By Amit Chowdhry ● Jan 22, 2024

KKR - a leading global investment firm - recently unveiled "KKR Alternatives Unlocked," a digital platform designed to empower financial advisors and their clients to understand the alternative investing landscape better.

Wynnchurch Capital: $3.5 Billion Fund VI Closed

By Amit Chowdhry ● Jan 22, 2024

Wynnchurch Capital, L.P. - a leading middle market private equity firm - recently announced the closing of its sixth private equity fund, Wynnchurch Capital Partners VI, L.P. at $3.5 billion of committed capital. The fund - which had a target of $3 billion was significantly oversubscribed - leading to fund closing less than five months after its initial launch.

Flexport: $260 Million Raised From Shopify

By Amit Chowdhry ● Jan 22, 2024

Logistics company Flexport officially announced today that it raised $260 million in funding from Shopify. The $260 million is in the form of an uncapped convertible note.

Arizona State University Partners With OpenAI: Details

By Amit Chowdhry ● Jan 22, 2024

Arizona State University is the first higher education institution to collaborate with OpenAI, the AI research and deployment company behind ChatGPT.

DailyPay: On-Demand Pay Company Secures Over $175 Million

By Amit Chowdhry ● Jan 22, 2024

DailyPay - a leading on-demand pay company - recently announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing - which valued the company at $1.75 billion on a pre-money basis.

IBM Buying Application Modernization Capabilities From Advanced

By Annie Baker ● Jan 22, 2024

IBM has announced that it has signed a definitive agreement to acquire application modernization capabilities from Advanced, which brings a combination of talent, tools, and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. This planned acquisition will further enable IBM to support clients’ mainframe application modernization journeys, marking another critical step forward in IBM’s hybrid cloud and AI strategy.

Valsoft Closes $170 Million In Growth Funding

By Amit Chowdhry ● Jan 22, 2024

Valsoft Corporation - a Canadian company specializing in acquiring and developing vertical market software businesses - recently announced the closing of US$170 million in growth funding. This investment - led by Coatue and Viking Global Investors - seeks to accelerate Valsoft’s portfolio expansion and strengthen its leadership position as a global consolidator in the vertical software sector.

CenterGate Capital: Partnership With Automatic Transmissions Company TransGo Announced

By Amit Chowdhry ● Jan 22, 2024

CenterGate Capital - an Austin-based private equity investment firm - announced that its affiliate has invested in TransGo, LLC, a leading provider of aftermarket parts and kits for automatic transmission repair.

Kashable: $25.6 Million Raised To Provide Socially Responsible Credit And Financial Wellness Solutions As A Sponsored Voluntary Benefit

By Amit Chowdhry ● Jan 22, 2024

Kashable - a fintech platform that offers socially responsible credit and financial wellness solutions as an employer-sponsored voluntary benefit - recently announced a Series B capital raise of $25.6 million. The funding round was co-led by Revolution Ventures and Moneta Ventures, with participation from EJF Capital and Krillion Ventures.

Windjammer Capital: Fund VI Closes At $1.3 Billion

By Amit Chowdhry ● Jan 22, 2024

Windjammer Capital Investors - a national private equity investment firm focused on control equity investments in middle-market businesses - recently announced the closing of its sixth fund Windjammer Capital Fund VI at its hard cap.

Safary: $2.4 Million Raised To Track The Web Without Using Cookies

By Noah Long ● Jan 22, 2024

Safary - a web3 alternative to Google Analytics - recently announced the successful closure of its pre-seed round, raising $2. million. The funding round was led by Lemniscap, with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20 web3 angel investors – 14 of which are members of the Safary community.

3DEO: Strategic Investment Raised From Development Bank Of Japan And Seiko Epson

By Noah Long ● Jan 22, 2024