Archives

Patient Square Capital Buying NanoString Technologies In $220 Million Deal: Details

By Amit Chowdhry ● Mar 11, 2024

NanoString Technologies (a leading provider of life science tools for discovery and translational research) announced that it has reached an agreement with health care investment firm Patient Square Capital. In this agreement, Patient Square will serve as the stalking horse bidder in conjunction with a court-supervised sales process.

URBAN-X By MINI Reveals Cohort 14 Of Startups Tackling Climate Issues

By Amit Chowdhry ● Mar 11, 2024

URBAN-X, the technology startup accelerator by auto company MINI, announced its fourteenth cohort of startups focused on tackling today’s pressing climate issues. These startups are addressing and redefining solutions that push net zero goals while creating more resilient communities, such as e-bike battery swapping for delivery workers, a landfill waste diversion operation, space-based solar power, and much more.

Second Avenue: Strategic Investment Raised From Monroe Capital

By Amit Chowdhry ● Mar 11, 2024

Monroe Capital, on behalf of its investment funds, announced it acquired a strategic minority ownership interest in Second Avenue’s operating company and has allocated about $250 million of additional capital to its investment platform through a mix of debt and equity capital.

Permira Appoints Dedicated Team For Climate Transition Investments

By Amit Chowdhry ● Mar 11, 2024

Global investment firm Permira has appointed a dedicated team to identify investment opportunities across the climate transition value chain. The team is being led by Kush Patel and another identified Partner joining later this year. They will be based out of New York and London, respectively, and will focus on climate transition assets (projects and platforms) and enablers (associated products, services, and technology).

PeakMetrics: Narrative Intelligence Company Raises $3 Million

By Amit Chowdhry ● Mar 11, 2024

Narrative intelligence company PeakMetrics announced it has raised $3 million in seed funding. The round was led by York IE, with follow-on investment from Argon Ventures and participation from Parameter Ventures and CEAS Investments. With this funding round, PeakMetrics has raised $5.7 million in total.

GoldenTree Asset Management: Private Credit Fund Closed At Over $1.35 Billion

By Amit Chowdhry ● Mar 11, 2024

GoldenTree Asset Management - a global asset management firm with over $53 billion in assets under management - announced the closing of its Private Credit Fund. GoldenTree’s Private Credit Fund secured over $1.35 billion in commitments, surpassing the target of $800 million to $1 billion.

EQT And Equitrans Midstream Merging To Create A Vertically Integrated $35 Billion Natural Gas Business

By Amit Chowdhry ● Mar 11, 2024

EQT and Equitrans Midstream announced that they have entered into a definitive merger agreement to create a premier vertically integrated natural gas business with an initial enterprise value of over $35 billion. The combined company will be positioned to become a globally competitive energy giant. It will have the advantage of a peer-leading cost of supply and durable free cash flow in all price environments.

Pace University Launching A New AI Lab At NYC Campus

By Amit Chowdhry ● Mar 11, 2024

Pace University’s Seidenberg School of Computer Science and Information Systems announced it is launching a new artificial intelligence (AI) lab at the New York City campus. This lab will be integrated into a new building at 15 Beekman. This facility aims to serve as the central hub of AI for the Pace community, providing training and opportunities for students, faculty, and staff to learn and collaborate.

Primergy Solar Signs $588 Million Project Financing And Power Purchase Agreement With Microsoft

By Amit Chowdhry ● Mar 11, 2024

Primergy Solar - a leading developer, owner, and operator of utility-scale solar and storage projects - announced today it closed commitments for $588 million in debt financing for a 408 MWac Ash Creek Solar project in Hill County, Texas. And Primergy also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant.

Wealth Management Service Osaic Adds $360 Million Cornerstone Advisors Team To The Firm

By Amit Chowdhry ● Mar 11, 2024

Wealth management service Osaic announced it has added Cornerstone Advisors to the firm. Cornerstone founder James P. Benson II and his team currently oversee nearly $360 million in total client assets. Benson is a veteran advisor with over 30 years of industry experience.

DocNow: Seed Funding Round Raised To Expand Next Generation Electronic Health Record (EHR) System

By Amit Chowdhry ● Mar 11, 2024

DocNow - a provider of Electronic Health Record (EHR) and wound care management solutions for Post-Acute Care providers - announced it has closed a Series Seed round led by Waterline Ventures. The company plans to use the funding to accelerate the development of innovative features, expansion across the Post-Acute Care space, and continued customer focus.

Efficient Computer: $16 Million Seed Funding Raised To Launch Energy-Efficient Computer Chips

By Amit Chowdhry ● Mar 11, 2024

Efficient Computer recently emerged from stealth and introduced a new computer processor that is up to 100x more energy efficient than leading general-purpose CPUs today. Through a $16 million seed funding round led by Eclipse, Efficient created a transformative computer architecture and software stack that delivers unprecedented energy efficiency.

FitLab: $65 Million Strategic Financing Raised From Atlas Credit Partners

By Amit Chowdhry ● Mar 11, 2024

Atlas Credit Partners - an asset management firm specializing in investing and partnering with medium-sized businesses - has announced a $65 million Strategic Financing Facility to FitLab, a multi-brand fitness company whose fully integrated platform solves the siloed nature of the industry, with about $35 million funded at closing and $30 million of remaining availability.

Girls Who Invest Announces $2 Million Grant From Apollo Opportunity Foundation

By Amit Chowdhry ● Mar 11, 2024

Girls Who Invest (GWI) - a non-profit organization dedicated to transforming the investment management industry by attracting/advancing women and non-binary investors and leaders - announced a $2 million grant from the Apollo Opportunity Foundation (AOF). The AOF recognizes the organization's achievements and impact on efforts to diversify the investment management industry.

Glimpse: Battery Scanning Company Raises $4 Million

By Amit Chowdhry ● Mar 11, 2024

Glimpse - a provider of battery quality monitoring solutions for battery producers and electric mobility companies - announced its official launch and initial capital raise of $4 million. The company also announced the release of its high-throughput battery X-ray scanning service.

LineZero: Transforming The Way Organizations Communicate And Collaborate In A $50+ Billion Market

By Amit Chowdhry ● Mar 11, 2024

LineZero is a company that is comprised of security-obsessed communication and technology experts with a focus on making Meta Workplace easier. Pulse 2.0 interviewed LineZero VP of Operations Greg Sugar to learn more about the company.

Cyviation: Helping The Commercial Airline And Private Jet Industry Address Communication Vulnerabilities

By Amit Chowdhry ● Mar 11, 2024

Cyviation is a company that offers proactive intelligence and monitoring solutions, which can identify cyber threats for commercial airlines and private jets, focusing on aircraft communication vulnerabilities in the air and on the ground. Pulse 2.0 interviewed Cyviation's CEO Avi Tenenbaum to learn more about the company.

RFG Advisory Expands Executive Roster: Details

By Amit Chowdhry ● Mar 11, 2024

RFG Advisory - an innovator in the wealth management industry committed to serving independent financial advisors and their clients - announced three key appointments to its executive team. And the addition of these proven industry champions serves to bolster the team of A-players at RFG all aligned to serve the ever-evolving needs of independent advisors.

Sionna Therapeutics: $182 Million Funding Raised To Develop Novel Small Molecules In Cystic Fibrosis

By Amit Chowdhry ● Mar 11, 2024

Sionna Therapeutics - a clinical-stage life sciences company focused on developing highly effective and differentiated treatments for cystic fibrosis (CF) - announced the closing of a $182 million Series C funding to support the clinical development of first-in-class small molecules designed to fully restore the function of the cystic fibrosis transmembrane conductance regulator (CFTR) protein by stabilizing the first nucleotide-binding domain (NBD1).

Why United Rentals Is Buying Yak Access For $1.1 Billion

By Amit Chowdhry ● Mar 11, 2024

United Rentals entered into a definitive agreement to buy Yak Access, Yak Mat and New South Access & Environmental Solutions from Platinum Equity for about $1.1 billion in cash. And the deal is expected to close in the first quarter of 2024, subject to limited contractual conditions.

Primient Commits $700 Million To Sustainability

By Amit Chowdhry ● Mar 11, 2024

Primient (a leader in plant-based food and industrial ingredient production) announced a capital investment exceeding $700 million across the company’s operational footprint. The comprehensive five-year phased investment sets a new industry standard, reflecting Primient’s commitment to its deep corn milling roots, strong position as a market leader, and visionary approach to a brighter and more sustainable future.

Capgemini Buying Unity’s Digital Twin Professional Services Arm: Details

By Amit Chowdhry ● Mar 11, 2024

Capgemini and Unity announced an expansion of their strategic alliance, which involved Capgemini taking on Unity’s Digital Twin Professional Services arm. As part of the agreement, Unity’s Digital Twin Professional Services team will join and embed within Capgemini, forming one of the world's largest pools of Unity enterprise developers.

Bluespring Wealth Partners Sets Up $1.4+ Billion Hub In Florida

By Amit Chowdhry ● Mar 11, 2024

Bluespring Wealth Partners (a leading acquirer of high-quality wealth management firms) announced a strategic combination of two of its partner firms, Retirement Wealth Specialists (RWS) and Security Financial Management (SFM), to create a Floridian hub whose advisors oversee about $1.4 billion in assets. The combined firm will retain the Security Financial Management brand and maintain five locations across the state.

Defense Unicorns: $35 Million Raised For Advancing National Security

By Amit Chowdhry ● Mar 11, 2024

Defense Unicorns—a software startup that develops open-source software and AI capabilities for National Security systems—announced it had raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital.

BrainCheck: $15 Million Raised To Grow In The Digital Cognitive Assessment Market

By Amit Chowdhry ● Mar 11, 2024

BrainCheck (a digital health innovator growing in the digital cognitive assessment market) announced a $15 million new financing round led by Next Coast Ventures, S3 Ventures, and UPMC Enterprises (the venture capital arm of UPMC). The company also expanded its Board of Directors by appointing Nicholas Shapiro, Vice President of UPMC Enterprises, as a new board member, further driving its strategic leadership.

CARiD.com: Car Parts And Accessories E-Commerce Company Raises $35 Million

By Amit Chowdhry ● Mar 11, 2024

CARiD (a leading e-commerce platform specializing in car parts and accessories) announced the closing of a $35 million funding round. This milestone is a testament to the company's innovation and the successful execution of its strategic turnaround plan. This funding round will further drive expansion and technological advancements and enhance customer service capabilities. This solidifies CARiD’s position as a frontrunner in the automotive e-commerce sector.

MoeGo: Pet Care Business Company Raises $24 Million

By Amit Chowdhry ● Mar 10, 2024

MoeGo, a leading software platform for pet care businesses, has closed a $24 million Series A funding round. The round was led by Base10 Partners, with participation from Mars Petcare's Digitalis Ventures and continued support from MoeGo's existing investors, Conductive Ventures and Uphonest Capital.

Vescent: Quantum Technology Company Raises $5 Million

By Amit Chowdhry ● Mar 10, 2024

Vescent - a leader in Quantum 2.0 Technologies Enabling Commercialization - announced it had closed a $5 million Series Seed funding round led by Corporate Fuel, with additional participation from Caruso Ventures.

Todyl: Security And Networking Company Secures $50 Million

By Amit Chowdhry ● Mar 10, 2024

Todyl - a leading security and networking company - announced it closed a $50 Million Series B funding round led by Base10 Partners with participation from Anthos Capital, Tech Operators, and StoneMill Ventures. The Series B funding round will support Todyl’s goal of transforming cybersecurity with an all-in-one security platform that empowers IT professionals with the tools, insights, and automation needed to defend against ever-changing threats.

Stonepeak: Asia Infrastructure Fund Closed At $3.3 Billion

By Amit Chowdhry ● Mar 10, 2024

Stonepeak—a leading alternative investment firm specializing in infrastructure and real assets—announced the successful final close of Stonepeak Asia Infrastructure Fund, which has $3.3 billion in total capital commitments. This fund represents Stonepeak’s first dedicated Asia strategy and exceeded its target of $3 billion, having received robust demand from new investors and existing investors in other Stonepeak funds.