Archives

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

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.