Archives

Electra: Fast-Charging EV Network Company Raises €304 Million

By Amit Chowdhry ● Jan 22, 2024

Electra - a European fast-charging network for electric vehicles - recently announced fundraising of €304 million, entirely in equity, a record amount in the charging sector.

Vertice: Cloud Spend Management Platform Company Raises $25 Million

By Amit Chowdhry ● Jan 22, 2024

Vertice, a SaaS and cloud spend management platform, recently announced a $25 million Series B following a year of lightning-fast revenue growth. And the company has now raised a total of $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use funding to fuel its pace of product innovation further and accelerate its worldwide expansion.

PredictAP: Invoice Ingestion And Coding Solution For Real Estate Accounts Payable Secures $8 Million

By Annie Baker ● Jan 22, 2024

PredictAP - a machine-learning-enabled invoice ingestion and coding solution for real estate accounts payable (AP) - recently announced the closing of its $8-million series A financing round.

Certis Oncology: $10 Million Raised To Combine AI-Directed Drug Development With Functional Testing

By Dan Anderson ● Jan 22, 2024

Certis Oncology Solutions - a precision oncology and translational science company focused on combining AI-directed drug development with advanced functional testing - recently announced that it raised $10 million in a Series C funding round, raising the total to $42 million.

Element Zero: Green Materials Platform Company Secures $10 Million

By Annie Baker ● Jan 22, 2024

Green materials platform company Element Zero recently announced that it has raised $10 million in seed funding led by Playground Global. The company developed a novel approach to cost-effectively convert metal ores like iron, nickel, and other future-facing materials to pure metals with zero carbon emissions.

Timeline: Longevity Biotech Company Raises $66 Million In Funding

By Amit Chowdhry ● Jan 22, 2024

Timeline - a consumer health biotech company at the forefront of developing innovative solutions for healthy aging and longevity - recently announced that it raised CHF 56 million ($66 million) in an oversubscribed Series D financing round. This marked a significant milestone for the company, including strategic investments from two global industry leaders, L’Oréal and Nestlé.

Taro Pharmaceutical Merging With Sun Pharmaceutical: Details

By Annie Baker ● Jan 22, 2024

Sun Pharmaceutical Industries Limited and Taro Pharmaceutical Industries recently announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43 per share in cash without interest.

Why Buxton Is Buying Elevar

By Dan Anderson ● Jan 22, 2024

Buxton (a market leader in retail customer analytics) and Elevar (a dynamic conversion tracking solution for fast-scaling e-commerce brands) joined forces in an acquisition by Buxton. The deal's financial terms remain undisclosed, but Buxton believes this strategic collaboration can revolutionize the landscape of data-driven consumer insights.

Why Accenture Is Buying Impendi

By Noah Long ● Jan 22, 2024

Accenture recently announced that it had acquired Impendi, a sourcing and procurement services provider focusing on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.

Why Mullen Group Is Buying ContainerWorld Forwarding Services

By Dan Anderson ● Jan 22, 2024

Mullen Group recently announced that it has entered into a letter of intent (LOI) to buy Richmond, British Columbia based ContainerWorld Forwarding Services and its operating subsidiaries. The LOI contemplates standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The deal is scheduled to close in the second quarter of 2024, subject to regulatory approval and final closing conditions.

AE Industrial Partners: Sale Of American Pacific To NewMarket For $700 Million Completed

By Annie Baker ● Jan 22, 2024

AE Industrial Partners, LP (AEI) - a private equity firm specializing in aerospace, national security, and industrial services - recently announced that affiliates of AEI have completed the sale of American Pacific Corporation, a leading specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs, to NewMarket for $700 million in cash.

Why IBS Software Is Buying APS For $90 Million

By Annie Baker ● Jan 22, 2024

IBS Software (a leading SaaS solutions provider to the global travel industry) announced it has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS). The $90 million deal will further solidify IBS Software's position in the hospitality market and strengthen the brand to underpin an ambitious expansion of its reach in the hospitality industry.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

Lative: Sales Performance Automation Company Raises $3 Million

By Amit Chowdhry ● Jan 22, 2024

Lative - a leading sales performance, efficiency, and planning platform for high-performance B2B revenue and finance teams who want to automate their analysis and planning to maximize profitable sales growth and improve revenue efficiency - announced it has raised $3 million in seed funding. The company previously raised a $1.5 million pre-seed round at the beginning of 2022.

Lightship: All-Electric RV Company Closes $34 Million In Funding

By Noah Long ● Jan 22, 2024

Lightship - which is America's first all-electric RV company - recently announced the completion of a $34 million Series B financing to accelerate production of the Lightship L1. The funding round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the fundraise.

QDI Systems: €5 Million Raised To Transform The Medical Imaging Industry

By Amit Chowdhry ● Jan 22, 2024

QDI Systems - a deep technology company based in Groningen - recently announced its Series A funding of €5 million to scale up its revolutionary quantum dots technology for the medical sector and new markets. NOM, the Investment and Development Agency for the Northern Netherlands led this funding round. They were joined by the company's previous investors, Carduso Capital, RuG Ventures, and the renowned Nordic venture capital fund Maki.vc.

JetSetGo Signs LOI With Horizon Aircraft To Buy Up To $500 Million Of Cavorite X7 Aircraft

By Noah Long ● Jan 22, 2024

Horizon Aircraft - a leading hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft developer - recently announced that it has entered into a Letter of Intent (LOI) with JetSetGo, a regional air operator servicing multiple mission profiles.

XM Cyber: How This Hybrid Cloud Security Company Is Closing the Exposure Remediation Gap

By Amit Chowdhry ● Jan 22, 2024

XM Cyber is a leading hybrid cloud security company changing how organizations approach cyber risk. Pulse 2.0 interviewed XM Cyber Chief Technology Officer and Co-Founder Boaz Gorodissky to learn more about the company.

Cleveland Diagnostics: $75 Million Raised For Developing Early Cancer Detection Tests

By Amit Chowdhry ● Jan 22, 2024

Cleveland Diagnostics - a clinical-stage biotechnology company developing next-generation diagnostic tests for the early detection of cancers - announced the closing of over $75 million in growth capital financing. The funding was led by Novo Holdings, a leading global life sciences investor responsible for managing the assets of the Novo Nordisk Foundation, along with participation from existing investors and a credit facility from Symbiotic Capital. The financing will accelerate Cleveland Diagnostics’ commercial and corporate development goals.

CorriXR: Oncology-Focused Biotherapeutics Development Company Raises Funding

By Amit Chowdhry ● Jan 22, 2024

Cortado Ventures - a leading investment firm committed to supporting innovation and growth - announced a strategic investment in CorriXR Therapeutics, an oncology-focused biotherapeutics development company with a pioneering gene editing platform technology. And this investment solidifies Cortado's commitment to advancing cutting-edge medical solutions and supporting the development of groundbreaking treatments for cancer.

Thayer Street Partners: An Interview With Josh Koplewicz On His Firm’s Flexible Growth Capital Solutions

By Amit Chowdhry ● Jan 22, 2024

Thayer Street Partners is a boutique private investment firm that provides flexible growth capital to technology-enabled financial, real estate, and business services companies in the lower middle market. Pulse 2.0 interviewed Thayer Street founder & managing partner Josh Koplewicz to learn more about the firm’s history, investment strategy, and goals for the future.

Why MITER Brands Is Buying PGT Innovations For About $3.1 Billion

By Annie Baker ● Jan 22, 2024

MITER Brands (a nationwide manufacturer of precision-built windows and doors) and PGT Innovations (a manufacturer of premium windows and doors) recently announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI for $42 per share in cash, or an enterprise value of approximately $3.1 billion.

Vicarius: End-To-End Vulnerability Remediation Platform Company Raises $30 Million

By Amit Chowdhry ● Jan 22, 2024

Vicarius - the developers of vRx (the industry’s first fully autonomous end-to-end vulnerability remediation platform) announced a $30 million Series B led by cybersecurity investment firm Bright Pixel (formerly Sonae IM). And AllegisCyber Capital, AlleyCorp, and Strait all participated in the financing. The company’s total funding is now over $56 million.

Unbox: €12 Million Secured To Help Customers Achieve Efficient Funding Distribution

By Annie Baker ● Jan 22, 2024

Unbox - an infrastructure provider for programmable exchange of value - closed a €12 million Series A funding round. The funding was led by HSBC Asset Management (HSBC AM) and featured strategic participation from SFPIM Relaunch, a Belgian Sovereign Wealth Fund subsidiary.

Sway (Formerly Returnmates) Secures $19.5 Million In Funding

By Noah Long ● Jan 22, 2024

Sway (formerly Returnmates) is a technology company that enables customer-centric delivery and return experience. And the company rebranded to Sway, a name representative of the multi-directional services offered to retailers, expanding beyond returns to incorporate last-mile delivery.

Prismatic: Embedded Integration Platform Company Raises $22 Million

By Amit Chowdhry ● Jan 22, 2024

Prismatic - a leading embedded integration platform - recently announced $22 million in Series B funding to drive platform innovation. Five Elms Capital led the funding round, which is the growth equity firm's second investment in Prismatic in less than a year.

Why LiveRamp Is Buying Habu For About $200 Million

By Annie Baker ● Jan 22, 2024

LiveRamp (a leading data collaboration platform) recently announced that it has entered into a definitive agreement to acquire Habu, a data clean room software provider, in a cash and stock transaction valued at approximately $200 million.

Why Thomson Reuters Is Buying World Business Media Limited

By Annie Baker ● Jan 22, 2024

Thomson Reuters (a global content and technology company) recently announced that it has acquired World Business Media Limited, a cross-platform, subscription-based provider of editorial coverage for the (re)insurance industry. This deal aligns with Reuters' strategic priority to provide must-have news and insight for new customer markets and professional verticals.

Cognizant Launches Innovation Assistant In Partnership With Microsoft

By Dan Anderson ● Jan 21, 2024

Cognizant has announced a collaboration with Microsoft on the launch of the Innovation Assistant, a generative AI-powered tool built on Microsoft Azure OpenAI Service, which will augment Cognizant's internal innovation program Bluebolt.

Ford Reducing F-150 Lightning Production In Favor Of Gas Vehicles

By Noah Long ● Jan 21, 2024

Ford has reiterated plans to shift production to favor two gas vehicles over the Ford F-150 Lightning. Last month, Ford revealed it planned to reduce the F-150 Lightning production by approximately half. Late last week, Ford said that 1,400 workers would be impacted by this change, which is set to occur on April 1.