Archives

Future Trash: Multidisciplinary Creative Studio Raises $5 Million

By Amit Chowdhry ● Oct 7, 2024

Future Trash, a multidisciplinary creative studio, announced that it has raised $5 million in venture capital funding led by TIRTA and General Catalyst. The funding round will be dedicated to Future Trash's flagship original IP, FOAD, which leverages Fortnite's Unreal Editor (UEFN) tools and ecosystem to create a User-Generated-Content (UGC) native video game franchise.

Quantios Buying AI-Based Legal Entity Management Company Klea

By Amit Chowdhry ● Oct 7, 2024

Quantios, a global provider of Wealth and Corporate Services SaaS solutions, is pleased to announce it has completed the acquisition of Klea, an AI-powered legal entity management (LEM) tool.

Kando: $10 Million Secured For Accelerating Innovation In Wastewater Intelligence

By Amit Chowdhry ● Oct 7, 2024

Kando (a leading wastewater intelligence company dedicated to improving global wastewater quality) announced the closing of its latest investment round, raising $10 million and bringing the total amount raised to $30 million.

Baker Tilly Buying Robotic Process Automation Company Alirrium

By Amit Chowdhry ● Oct 7, 2024

Leading advisory, tax, and assurance company Baker Tilly is expanding its advanced technology capabilities by acquiring Alirrium, a fast-growing leader in Robotic Process Automation (RPA) advisory and implementation services. Effective November 1, the move strengthens Baker Tilly’s capabilities in RPA, AI/ML to better support businesses in modernizing their operations and improving their competitive edge.

Kailera Therapeutics: $400 Million (Series A) Raised To Advance Next-Gen Therapies For Obesity

By Amit Chowdhry ● Oct 7, 2024

Kailera Therapeutics announced its launch as a clinical-stage biopharmaceutical company focused on advancing a broad pipeline of next-generation therapies for treating obesity and related conditions. And Kailera launches with a $400 million Series A financing co-led by Atlas Venture, Bain Capital Life Sciences, and RTW Investments, with participation from Lyra Capital. The company is also developing several clinical-stage injectable and oral therapies that have demonstrated potential as best-in-class treatments for chronic weight management.

Outdoor Living Supply Buying Garden Supply Hardscapes

By Amit Chowdhry ● Oct 7, 2024

Outdoor Living Supply (OLS), a distribution platform with a focus on outdoor living products and solutions, announced that it has acquired Garden Supply Hardscapes, a full-service distributor of hardscape, natural stone, brick, lighting, bulk materials, and other complementary landscape products to Northern California.

Summit Partners: $9.5 Billion Raised For Twelfth U.S. Growth Equity Fund

By Amit Chowdhry ● Oct 7, 2024

Global growth equity investment firm Summit Partners announced the closing of its latest flagship U.S. growth equity fund. Summit Partners Growth Equity Fund XII launched fundraising in late April 2024 and held its closing after approximately five months with $9.5 billion in capital. Consistent with the firm’s prior funds, the general partner will be Summit XII's largest investor.

Jabil Acquiring Mikros Technologies For Supporting Liquid Cooling Demand

By Amit Chowdhry ● Oct 7, 2024

Jabil - a global leader in design, manufacturing, and supply chain solutions - announced the successful acquisition of Mikros Technologies, a leader in the engineering and manufacturing of liquid cooling solutions for thermal management, which was completed on October 1.

Vista Outdoor Selling Revelyst To Strategic Value Partners For $1.125 Billion

By Amit Chowdhry ● Oct 7, 2024

Revelyst - a collective of maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor and Strategic Value Partners (a global alternative investment firm with approximately $19 billion of assets under management) announced that they have entered into an agreement under which SVP-managed funds will acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion.