Archives

Golding Capital Partners: First Closing Of €360 Million Fund Completed

By Amit Chowdhry ● Feb 2, 2024

Golding Capital Partners - one of Europe's leading independent asset managers for alternative investments - announced the first closing in December 2023 of its flagship infrastructure fund of funds, Golding Infrastructure 2022. This fifth-generation fund again met with great interest from investors and held its first close with capital commitments of €360 million in a demanding environment.

LightBeam: Zero Trust Data Protection Company Secures $17.8 Million

By Annie Baker ● Feb 2, 2024

LightBeam.ai - a zero trust data protection pioneer converging data security, privacy, and AI governance - announced that it has raised $17.8 million in an oversubscribed Series A round funding. The new funding round will enable LightBeam to expand its go-to-market initiatives across sales, marketing, channels, and alliances and continue investing in its vision of converging data security, privacy, and AI governance into a single platform.

Atwell: $200 Million Senior Credit Facility Entered With Lending Group Led By BofA

By Amit Chowdhry ● Feb 2, 2024

Atwell - a leading consulting, engineering, and construction services firm - announced that it had secured a $200 million senior credit facility with a lending group led by Bank of America. The lending group also included U.S. Bank, TD Bank, and Old National Bank.

Why Instinct Science Is Buying VetMedux

By Annie Baker ● Feb 2, 2024

Instinct Science - a leading software provider for veterinary hospitals - announced that it has acquired VetMedux, a trusted education and point-of-care information company that owns Clinician's Brief and Plumb’s Veterinary Drugs. In buying VetMedux, Instinct strengthens its commitment to delivering the mission-critical tools veterinary practices need to care for their patients at the highest level and with the best outcomes.

Zero Knowledge Proof Company Axiom Raises $20 Million

By Amit Chowdhry ● Feb 2, 2024

Zero knowledge proof startup Axiom announced it has raised $20 million in Series A funding co-led by Paradigm and Standard Crypto. The company - which is know as the first ZKP co-processor for Ethereum - gives smart contract developers cheaper and more efficient access to data on-chain.

Watershed: Enterprise Sustainability Platform Company Raises $100 Million At $1.8 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

Watershed - a leading enterprise sustainability platform - announced a $100 million Series C funding round at a $1.8 billion valuation. The funding was led by Greenoaks, with participation from existing investors, including Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, Galvanize Climate Solutions, Neo, and others. And with this new funding round, Watershed will continue powering best-in-class climate programs at the world’s leading companies while redoubling its investment in Europe.

ESG Flo: How This Company Simplifies ESG Reporting And Compliance

By Amit Chowdhry ● Feb 2, 2024

ESG Flo is an ESG compliance platform that utilizes artificial intelligence to automate the collection and transformation of data into audit-ready metrics. Pulse 2.0 interviewed ESG Flo CEO and founder Patrick Obeid to learn more about the company.

Why Worthington Enterprises Is Buying A Stake In HALO Products

By Noah Long ● Feb 2, 2024

Worthington Enterprises - a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives - announced it is adding HALO-branded pizza ovens, pellet grills, griddles and accessories to its portfolio of outdoor living products.

Jack Altman’s Alt Capital Closes $150 Million Fund

By Amit Chowdhry ● Feb 2, 2024

Jack Altman, the Chairman and co-founder of Lattice, announced that he closed a $150 million fund for his new venture capital firm called Alt Capital. Alt Capital has a mission to back early-stage founders.

StreamAlive: Live Session Audience Engagement Platform Company Secures $1.58 Million

By Annie Baker ● Feb 1, 2024

StreamAlive - a leading audience engagement platform for live sessions - announced a $1.58 million pre-seed investment from Speciale Invest, an early-stage venture capital firm focused on deep tech. And Venkat Viswanathan, founder and Chairman of LatentView Analytics, Shar Dubey, former CEO of Match Group, Foster Ventures, and other seasoned executives also participated in the round. The existing investors include three professors from MIT's computer science department, the Neon fund, and executives and unicorn founders.

Basking Biosciences: $55 Million Raised To Develop A Novel Acute Thrombolytic Therapy To Treat Stroke

By Amit Chowdhry ● Feb 1, 2024

Basking Biosciences - a clinical-stage biopharmaceutical company developing a novel acute thrombolytic therapy to treat stroke - announced the closing of a $55 million financing. New investor ARCH Venture Partners led the round, with participation from additional new investors Insight Partners, Platanus, Solas BioVentures, and RTW Investments, as well as existing investors Longview Ventures, Rev1 Ventures, and The Ohio State University.

Metronome: Usage-Based Billing Provider Company Raises $43 Million

By Dan Anderson ● Feb 1, 2024

Metronome - a leading provider of usage-based billing for companies including OpenAI, Databricks, and NVIDIA - announced the closing of its $43 million Series B funding round to reimagine billing for SaaS companies. The funding round was led by NEA, with strong participation from prior backers Andreessen Horowitz and General Catalyst. In conjunction with the funding, Hilarie Koplow-McAdams, Venture Partner at NEA, joined the company’s board of directors.

Synergy Spine Solutions: Medical Device Developer Company Raises $30 Million

By Noah Long ● Feb 1, 2024

Synergy Spine Solutions - an innovative medical device developer focused on artificial cervical disc replacement - announced that it has closed on a significant equity financing of $30 million. The Series A funding round was led by a new institutional investor, Amzak Health, and joined by other investors.

Vantage Data Centers: $10 Billion In Incremental Funding Secured

By Amit Chowdhry ● Feb 1, 2024

Vantage Data Centers - a leading global provider of hyperscale data center campuses - announced the company raised a record $10 billion in incremental debt and equity financing throughout 2023 to support the growing demand from the world’s largest hyperscalers. The capital raised supported record leasing, expansion into two new markets, and the groundbreaking of seven campuses across North America, EMEA, and APAC.

Aptean Raises $2.11 Billion Unitranche Facility Led By Golub Capital

By Amit Chowdhry ● Feb 1, 2024

Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility in refinancing Aptean’s existing first lien and second lien broadly syndicated loan facilities. And Aptean is a leading global provider of mission critical and vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.

TJC: $6.85 Billion Closed For Resolute Fund VI

By Amit Chowdhry ● Feb 1, 2024

TJC LP - a middle-market private equity firm investing primarily in North American businesses - announced the closing of The Resolute Fund VI, L.P. , totaling $6.85 billion. This Fund was oversubscribed and closed above its initial hard cap of $6 billion. Institutional investors such as public pension funds, multinational corporations, insurance companies, funds of funds, endowments, foundations, and family offices invested in the fund.

Why Avathon Capital Is Buying Magical Beginnings

By Annie Baker ● Feb 1, 2024

Avathon Capital - a private equity firm exclusively investing in lower middle-market companies in the education and workforce markets - announced the acquisition of Magical Beginnings Learning Centers. Magical Beginnings is a Massachusetts-based network of early childhood education centers in the Greater Boston Area.

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