Archives

Fusion Connect: $85 Million Term Loan Secured From Hark Capital

By Amit Chowdhry ● May 11, 2025

Fusion Connect, a leader in cloud communications services, announced that the company has entered into a new NAV-based loan agreement with Hark Capital, providing Fusion Connect with a term loan of $85 million.

SimpleClosure: $15 Million Series A Raised To Simplify Shutting Down A Business

By Amit Chowdhry ● May 11, 2025

SimpleClosure, a company that builds a platform for shutting down a startup, announced it has raised $15 million in Series A funding. TTV Capital led the funding, which includes participation from existing investors Infinity Ventures, Anthemis Global, Foxe Capital, and Vera Equity, new investors The LegalTech Fund and Carta, and additional angels. This new funding round brings SimpleClosure’s total funding to over $20 million.

Tobin Scientific: $65 Million Raised For Advancing Life Sciences Platform

By Amit Chowdhry ● May 11, 2025

Tobin Scientific, a provider of cGMP storage, biorepository services, and specialized logistics for the life sciences industry, announced that it has closed a significant capital raise to support its next growth phase. Denali Growth Partners and Truck 9 Partners led this minority growth equity investment, and Eastern Bank provided a comprehensive financing package to support Tobin Scientific's growth plans.

Carta Healthcare: $18.25 Million Series B1 Funding Raised For Advancing Clinical Data Abstraction

By Amit Chowdhry ● May 11, 2025

Carta Healthcare, a provider of AI-based clinical data abstraction, announced it has secured $18.25 million in Series B1 financing. The funding was led by UPMC Enterprises, with participation from new strategic investors, including MemorialCare Innovation Fund, Rex Health Ventures (the investment fund for the UNC Health), Tampa General Hospital Ventures and support from existing investors Memorial Hermann Health System, Frist Cressey Ventures, Storm Ventures, Paramark Ventures, CU Healthcare Innovation Fund, and Mass General Brigham Ventures.

Wonderskin: $50 Million Series A Raised For Advancing Retail Expansion

By Amit Chowdhry ● May 11, 2025

Wonderskin, an innovative beauty brand behind TikTok's viral peel-off Wonder Blading Lip Stain Masque and many other tech-infused cosmetic products, announced it has secured a $50 million minority investment in its Series A funding round. The funding round was led by Insight Partners, a top-tier global venture capital and private equity firm known for backing high-growth companies like Shopify, Quince, Prose, The Farmer's Dog, and others.

PAQ Therapeutics: $39 Million Series B Raised To Address KRAS-Driven Cancers With High Unmet Need

By Amit Chowdhry ● May 11, 2025

PAQ Therapeutics, a biotechnology company that is developing best- and first-in-class KRAS degraders for patients with lethal cancers lacking effective treatment options, today announced the completion of its $39 million Series B funding. The Series B funding round was co-led by Bayland Capital and MRL Ventures Fund (MRLV), with participation from Johnson & Johnson Innovation – JJDC, Inc. (JJDC), LAV Fund, BioTrack Capital, and existing investor Sherpa Health Partners.

Inductive Bio: $25 Million Series A Closed To Transform Small Molecule Drug Discovery

By Amit Chowdhry ● May 11, 2025

Inductive Bio, a company democratizing AI models to transform small molecule drug discovery, announced that it has raised $25 million in Series A funding led by Obvious Ventures with participation from Andreessen Horowitz (a16z) Bio + Health, Lux Capital, S32, Character, and Amino Collective, alongside angel investors including Oren Etzioni, Jeff Hammerbacher, Malay Gandhi, and Jakob Uszkoreit.

OX Security: $60 Million Series B Raised For Application Security Platform

By Amit Chowdhry ● May 11, 2025

OX Security, a leader in Application Security, announced $60 million in Series B funding. The round was led by DTCP and included IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8. The company recently hit $10 million in sales and more than tripled its customer base over the past year.

K&L Gates: Tanya Denning Named As Partner In Brisbane

By Amit Chowdhry ● May 10, 2025

K&L Gates announced it has hired Tanya Denning as a partner in the Energy, Infrastructure, and Resources practice. She joined the firm’s Brisbane office from Baker McKenzie, where she was the Brisbane office managing partner and co-head of the Australian Energy team.

Performance Equity: Fifth Fund Closed With $383 Million In Commitments

By Amit Chowdhry ● May 10, 2025

Performance Equity Management (a Sagard partner) announced the final closing of its fifth co-investment fund, Performance Direct Investments V (PDI V), which was above its $300 million target at $383 million. The investors include public and corporate pension plans, university endowments, private foundations, insurance companies, family offices, and ultra-high-net-worth individuals.

Clifford Chance: Reuven Falik Named As Partner In New York

By Amit Chowdhry ● May 10, 2025

Clifford Chance announced it has hired Reuven Falik as a partner in the firm's US Tax, Pensions and Employment (TPE) group, enhancing its domestic executive compensation offering. Falik will also serve as Co-Chair of the US Executive Compensation practice alongside senior counsel Howard Adler.

DLA Piper: Maria Alejandra del-Cerro And Elyssa Kutner Join As Partners In DC Office

By Amit Chowdhry ● May 10, 2025

DLA Piper announced that Maria Alejandra “Jana” del-Cerro and Elyssa Kutner will join the firm as partners in the National Security and Global Trade Practice. They will be based in the Washington, DC, office.