Archives

Bowmark: £900 Million Raised For Seventh Flagship Fund

By Amit Chowdhry ● Jan 22, 2024

The Bowmark VII was launched with a target of £800 million and experienced significant demand from both existing and new investors. And the fund achieved a rapid first close in October 2023 and held a final close at its hard cap within just three months of the first closing.

Mirae Asset Capital Life Science Exits Stealth Mode With $50 Million Fund

By Annie Baker ● Jan 22, 2024

Mirae Asset Capital Life Science - a venture capital firm investing in private biotechnology companies - officially emerged from stealth after announcing its inaugural $50 million fund: Mirae Asset Capital Life Science Inception I, LP. The firm is also supported by a diverse global investor base comprised of Limited Partners within the Mirae Asset Financial Group.

Tr1X: $75 Million Secured To Develop Universal Allogeneic Regulatory T (Treg) And CAR-Treg Cell Therapies

By Annie Baker ● Jan 22, 2024

Tr1X recently announced its emergence from stealth with a $75 million Series A financing to bring universal allogeneic regulatory T (Treg) and CAR-Treg cell therapies to the clinic to treat and potentially cure autoimmune and inflammatory diseases. These are the details.

Ratio Therapeutics: $50 Million Secured For Ramping Up Targeted Cancer Treatments

By Amit Chowdhry ● Jan 22, 2024

Ratio Therapeutics - a pharmaceutical company that employs a suite of innovative technologies to develop best-in-class radiopharmaceuticals for the treatment and monitoring of cancers - recently announced the closing of its $50 million Series B financing, bringing the total raised to date to over $90 million.

SmartLabs: $48 Million Closed To Combine Flexible Lab Infrastructure, Operations, And Scientific Expertise

By Amit Chowdhry ● Jan 22, 2024

SmartLabs - a leading provider of flexible laboratory infrastructure and resourcing solutions - recently announced a $48 million Series C funding round raise. The funding round included ArrowMark Partners, Winslow Capital Management, and Conversion Venture Capital (CVC2) participation.

Starwood Capital Group Launches Digital Ventures Arm

By Amit Chowdhry ● Jan 22, 2024

Starwood Capital Group - a leading global private investment firm focused on real estate - recently announced the launch of Starwood Digital Ventures, a platform dedicated to the firm's growing global data center investment strategy.

I Squared Capital Closes $1.2 Billion DFC Climate Fund

By Amit Chowdhry ● Jan 22, 2024

I Squared Capital - a leading independent global infrastructure investment manager - recently announced that it has closed its first dedicated Climate Fund set up in connection with U.S. International Finance Development Corporation (DFC). And DFC will commit $300 million alongside commitments from funds led by I Squared Capital of $900 million to invest in climate-related infrastructure projects.

Synchrony And Ally Financial Sign Agreement For Point-Of-Sale Financing Business

By Dan Anderson ● Jan 22, 2024

Synchrony and Ally Financial recently announced that they have entered into a definitive agreement for Synchrony to acquire Ally's point of sale financing business including $2.2 billion of loan receivables. The portfolio included relationships with nearly 2,500 merchant locations and supports more than 450,000 active borrowers in home improvement services and healthcare.

Why Arcline Is Buying Kaman For About $1.8 Billion

By Annie Baker ● Jan 22, 2024

Kaman recently announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P., a growth-oriented private equity firm with deep experience investing in technology-driven industrial businesses in an all-cash transaction with a total enterprise value of approximately $1.8 billion. Upon completion of the deal, Kaman will become a privately held company.

Blackstone Real Estate Taking Tricon Residential Private In A $3.5 Billion Deal

By Amit Chowdhry ● Jan 22, 2024

Blackstone and Tricon Residential recently announced that they have entered into an arrangement agreement under which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (BREIT), will acquire all outstanding common shares of Tricon for $11.25 (approximately C$15.17) per common share in cash.

Vidia Equity: Climate Fund I Closed At €415 Million

By Amit Chowdhry ● Jan 22, 2024

Vidia Equity - a thematic investor in industrial decarbonization climate solutions - recently announced the final close of its Vidia Climate Fund I. At €415 million, the fund was oversubscribed.

Cart.com: Commerce And Logistics Company Raises $70 Million In Debt Refinancing From Silicon Valley Bank

By Amit Chowdhry ● Jan 22, 2024

Cart.com - a leading provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere - recently announced it has secured a $70 million debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. The latest facility is part of a larger $100 million debt refinancing provided by SVB’s Technology Corporate Banking Division and Trinity Capital.

Oleria: Autonomous Identity Security Solutions Company Raises $33.1 Million

By Dan Anderson ● Jan 22, 2024

Oleria - a company providing adaptive and autonomous identity security solutions - recently announced it has raised $33.1 million in a Series A funding round. This latest funding, which brings the company’s total funding to over $40 million, was led by Evolution Equity Partners with participation from Salesforce Ventures, Tapestry VC, and Zscaler. This funding round also enables Oleria to ramp up hiring to accelerate its product innovation, including AI capabilities, as well as its go-to-market strategy.

Kiln: Enterprise-Grade Staking Platform Closes $17 Million In Funding

By Annie Baker ● Jan 22, 2024

Leading enterprise-grade staking platform Kiln announced the closing of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank, and further contributions from existing investors.

MyFitnessPal: Mike Fisher Named As CEO

By Dan Anderson ● Jan 22, 2024

MyFitnessPal - a leading global nutrition and food tracking app - recently announced the appointment of Mike Fisher as Chief Executive Officer (CEO). Fisher succeeds Dinesh Lathi, who will remain involved with the company as a member of the Board of Directors. Under Fisher's leadership, MyFitnessPal will further its mission of helping people worldwide improve their health through better food choices.

Vanguard Partners With Vanilla To Launch Enhanced Digital Estate Planning Tools

By Annie Baker ● Jan 22, 2024

Vanguard announced it is introducing new and enhanced intergenerational wealth and legacy planning capabilities through a partnership with Vanilla, a provider of digital estate planning tools and solutions.

DJI: 3D Modeling Editing Software DJI Modify Launched

By Noah Long ● Jan 22, 2024

DJI - a leader in civil drones and creative camera technology - recently introduced DJI Modify, the company's first intelligent 3D model editing software. And this complementary solution pairs seamlessly with DJI's enterprise drones and 3D modeling and mapping software DJI Terra, forming a comprehensive solution for aerial surveying, modeling, and model editing, to meet the operational needs for surveying, transportation, and emergency response such as firefighting.

New Energy New York Opens Applications For ChargeUp Accelerator

By Amit Chowdhry ● Jan 22, 2024

New Energy New York (NENY) has opened applications for ChargeUp, a new accelerator that will help startups working on battery innovations advance their technology development and their business. And early-stage companies with battery innovations anywhere in the supply chain are encouraged to apply by 11:59 p.m. EST Feb. 23, 2024. Companies accepted into the accelerator will receive $25,000, connections to investors, and opportunities for follow-on investment including up to $100,000 for technical development. The participation in the Binghamton based accelerator is mostly remote, with select weeks in person for instructional workshops and pitches to investor groups.

SKY ENGINE AI: $7 Million Secured To Advance Vision AI Development

By Annie Baker ● Jan 22, 2024

SKY ENGINE AI recently announced it raised $7 million in Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers.

TrusTrace: Product Traceability And Compliance Company Secures $24 Million

By Amit Chowdhry ● Jan 22, 2024

TrusTrace - a global SaaS company with a market-leading platform for product traceability and compliance - recently announced it completed a $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital.

Alphathena: Funding Raised From ETFS Capital And HPA

By Amit Chowdhry ● Jan 22, 2024

Alphathena - a leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs) - recently announced it has secured a $4-million investment led by ETFS Capital, with Hyde Park Angels (HPA) joining the round.

Why Bantam Tools Is Buying Evil Mad Scientist

By Annie Baker ● Jan 22, 2024

Bantam Tools - a desktop CNC manufacturer that builds exceptional computer-controlled machines for innovators - recently announced the acquisition of Evil Mad Scientist, the designer and manufacturer of popular computer-controlled drawing and handwriting machines that provide versatile solutions to artists and educators.

Digital Onboarding: $58 Million Raised To Build Engagement Platform For Banks And Credit Unions

By Dan Anderson ● Jan 22, 2024

Digital Onboarding - a SaaS company helping more than 100 financial institutions deepen their customer relationships - recently announced it closed a $58 million growth investment from Boston-based growth equity firm Volition Capital. The funding round follows rapid secular growth for Digital Onboarding as banks and credit unions increasingly seek out digital solutions to drive customer engagement and additional product adoption.

ORTEC Partners With Battery Ventures To Accelerate Growth

By Noah Long ● Jan 22, 2024

ORTEC - a global provider of decision support software and data science capabilities - recently announced a partnership with investment firm Battery Ventures to accelerate its growth ambitions. This partnership, including a significant investment by Battery, marks a key moment in ORTEC’s existence and positions the company to increase its impact on customers and in core markets globally.

Blueshift Raises $40 Million Growth Investment From Runway Growth Capital

By Annie Baker ● Jan 22, 2024

Runway Growth Capital LLC - a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity - recently announced a $40 million debt commitment to Blueshift. Blueshift helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.

Why GoPro Is Buying Tech-Enabled Helmet Company Forcite

By Noah Long ● Jan 22, 2024

GoPro recently announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. And GoPro plans to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Act One Ventures: $73 Million Raised For Third Fund

By Amit Chowdhry ● Jan 22, 2024

Act One Ventures - an early-stage VC firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.

Aramco Allocates $4 Billion For VC Arm Aramco Ventures

By Amit Chowdhry ● Jan 22, 2024

Aramco - one of the world's leading integrated energy and chemicals companies - recently allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. This will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion.

CloudTalk: AI-Powered Voice Communication Company Raises $28 Million

By Annie Baker ● Jan 22, 2024

CloudTalk - a rapidly growing AI-powered calling solution - recently announced it raised a $28 million round, closing its Series B funding. The latest funding round, co-led by KPN Ventures and Lead Ventures and supported by existing investors Point Nine Capital, henQ, Presto Ventures, and Orbit Capital is a major step in CloudTalk's journey to transform business communication.

BankingON: Digital Banking Solutions Company Raises Series A Funding

By Noah Long ● Jan 22, 2024

BankingON - a leading provider of award-winning digital banking solutions - recently announced it raised its Series A funding round led by Eagle Venture Fund to launch Boucoup, a family finance mobile banking and interactive learning platform for credit unions.