Archives

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.

Ohio State University Launches Student Entrepreneurs’ Center

By Amit Chowdhry ● Mar 10, 2024

The Ohio State University has announced a new student entrepreneurship and innovation at The Ohio State University. The students, faculty, university leaders, and business builders recently celebrated the grand opening of the new Student Entrepreneurs’ Center on Wednesday in the Gateway District.

NPS: Software-Defined Radar Company Raises $17.5 Million

By Amit Chowdhry ● Mar 10, 2024

Software-defined radar company Neural Propulsion Systems (NPS) announced it raised a $17.5 million Series B funding round. Cota Capital led the funding round with contributions from GM Ventures (the venture capital arm of General Motors) and RTX Ventures (the venture capital arm of RTX). This partnership marks a major step in enhancing roadway safety (benefiting pedestrians, drivers, and all other traffic participants) and defense radar systems.

Riverarch Equity Partners: $1 Billion For Fourth Equity Fund Closed And Rebrand Revealed

By Amit Chowdhry ● Mar 10, 2024

Riverarch Equity Partners (formerly PNC Riverarch Capital), a private investment firm focused on investments in middle market companies - announced the closing of its latest private equity fund Riverarch Equity Partners IV with $1 billion in commitments.

Sanctuary Wealth Brings In $1 Billion M&K Legacy Wealth Team

By Amit Chowdhry ● Mar 10, 2024

Sanctuary Wealth announced it is bringing in the Indianapolis-based M&K Legacy Wealth (M&K) team. M&K is the latest breakaway to launch their own firm through the Sanctuary Partnered Independence platform. And with $1 billion in total client assets, M&K was formerly known as Tanner Wealth Management Group and employed by Stifel.

Maybell Quantum: Quantum Infrastructure Company Raises $25 Million

By Amit Chowdhry ● Mar 10, 2024

Quantum infrastructure company Maybell Quantum, has closed a $25 million funding round led by an affiliate of Cerberus Capital Management, L.P. Investing along Cerberus in the round are Maybell’s existing investors, Lavrock Ventures, Caruso Ventures, Mark IV Capital, Decisive Point, In-Q-Tel, and Olive Capital.

Why Aon Is Buying Humn.ai’s Assets

By Amit Chowdhry ● Mar 10, 2024

Aon (a leading global professional services firm) announced the acquisition of Humn.ai's technology assets and intellectual property to strengthen the firm's commercial fleet proposition.

Zapier Hires Vowel Team And Launches Zapier Central: Details

By Amit Chowdhry ● Mar 10, 2024

Zapier - a workflow automation platform for small and midsized businesses - announced that it had acquired the team behind Vowel (an AI-powered video conferencing tool) for an undisclosed amount. And Vowel's CEO, Andrew Berman, will become the new Director of AI at Zapier.

Alumis: $259 Million Raised To Develop Therapies For Immune-Mediated Diseases

By Amit Chowdhry ● Mar 10, 2024

Alumis - a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases - announced an upsized $259 million Series C funding round. Alumis plans to use the funding to initiate pivotal Phase 3 clinical trials for its lead candidate ESK-001, a highly selective and potentially best-in-class allosteric tyrosine kinase 2 (TYK2) inhibitor, in moderate to severe plaque psoriasis in the second half of this year, and support the two ongoing Phase 2 clinical trials for ESK-001 in systemic lupus erythematosus (SLE), and non-infectious uveitis.

Why BlackRock Is Buying SpiderRock Advisors

By Amit Chowdhry ● Mar 10, 2024

BlackRock announced it has agreed to acquire the remaining equity interest in SpiderRock Advisors (SRA), a leading provider of customized option overlay strategies in the U.S. wealth market. This deal expands on BlackRock’s minority investment in SRA made in 2021 and reinforces BlackRock’s commitment to personalized separately managed accounts (SMAs).

Leeds Equity Partners Hires Emily Bernstein As VP Of Investment Team

By Amit Chowdhry ● Mar 9, 2024

Leeds Equity Partners - a New York-based private equity firm focused exclusively on investing in the Knowledge Industries - announced that Emily Hyman Bernstein has joined the firm as a Vice President on its investment team.

Altro Announces Expansion To 47 US States

By Amit Chowdhry ● Mar 9, 2024

Altro - a credit-building app transforming finance by enabling members to build credit history from their recurring monthly expenses - announced the expansion to 47 US states. Issued by Hatch Bank and running on Discover’s Global Network, Altro is also launching the Altro Credit Builder Card.

Carousel Capital Reveals Investment In O.R. Colan Associates

By Amit Chowdhry ● Mar 9, 2024

Carousel Capital announced that it has partnered with management and existing shareholders to recapitalize O.R. Colan Associates (ORC), a leading provider of right-of-way (ROW) services and land management solutions to utility, infrastructure, and public sector clients across the United States.