Archives

Omni: Business Intelligence Company Raises $20 Million From Theory Ventures

By Amit Chowdhry ● Mar 16, 2024

Business intelligence company Omni announced it has raised $20 million from Theory Ventures. Omni will use the funding to further build out its platform.

Hunter Point Announces New Global Head Of Capital Formation And CIO

By Amit Chowdhry ● Mar 15, 2024

Leading independent investment firm Hunter Point Capital (HPC) announced that Conway Bate and Melvin Hibberd have been promoted to Global Head of Capital Formation and Chief Investment Officer, respectively.

Why Zscaler Is Buying Avalor

By Amit Chowdhry ● Mar 15, 2024

Cloud security leader Zscaler announced an acquisition that extends the Zscaler Zero Trust Exchange data from over 400 billion daily Zscaler transactions with Avalor’s Data Fabric for Security with over 150 pre-built integrations, enabling customers to identify and predict critical vulnerabilities and improve operational efficiencies. By acquiring Avalor, Zscaler can transform the AI capabilities for the cybersecurity industry to enable organizations to mitigate risks and optimize performance while enhancing zero-touch operations.

Cintas Acquiring Paris Uniform Services

By Amit Chowdhry ● Mar 15, 2024

Cintas Corporation announced it has acquired Paris Uniform Services, a Pennsylvania-based family-owned uniform and facility services supplier. Paris Uniform Services was originally founded in 1978 as a subsidiary of Paris Cleaners. Before the acquisition, David Stern served as CEO of the company. Paris serviced customers in a four-state region: Pennsylvania, New York, Maryland, and West Virginia.

Stonepeak Buying US Wind Farm Assets From Ørsted For $300 Million

By Amit Chowdhry ● Mar 15, 2024

Ørsted announced it signed a deal with Stonepeak where Ørsted will divest to Stonepeak an equity ownership stake in a portfolio that includes four US onshore wind farms with a total capacity of 957 MW. As part of a continuation of Ørsted’s farm-down program, this deal represents the company’s first partnership with Stonepeak and the second major farm-down of multiple assets within the US. The value of the deal is about $300 million.

University Of Cambridge Reveals 11 Startups Selected For Start 1.0 Accelerator

By Amit Chowdhry ● Mar 15, 2024

The University of Cambridge has revealed the first cohort of 11 startups selected for the Start Accelerator program. These startups were all founded by Cambridge students, alumni, and academics, and they are working on complex challenges across hardware, life sciences, and sustainability.

Bharcap Partners Acquiring Insurvia From Gemspring Capital

By Amit Chowdhry ● Mar 15, 2024

BharCap Partners, a Greenwich, Connecticut-based investment firm focused on the financial services sector, announced the closing of the acquisition of Insurvia, an insurance services holding company with subsidiaries focused on providing non-standard auto insurance and services to an underserved population through franchise and company-owned models. Essentially, Insurvia distributes insurance policies for over 50 insurance companies that result in customers receiving the most cost-effective options for appropriate coverage. The financial terms of the deal were undisclosed.

Pi Health: Oncology Clinical Trial Company Raises Over $30 Million

By Amit Chowdhry ● Mar 15, 2024

Pi Health - an oncology-driven health technology and clinical research company focused on transforming global access to medicines and clinical trials - announced over $30 million in Series A funding. Incubated as a subsidiary of BeiGene three years ago, Pi Health raised this funding in a round led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe.

Apex Fintech Solutions Buying Portfolio Management Company AdvisorArch

By Amit Chowdhry ● Mar 15, 2024

Apex Fintech Solutions - a digital wealth management company for fintechs - announced that it has acquired AdvisorArch, which is a portfolio management company and rebalancer for financial advisors. Through this acquisition, Apex will improve its RIA Custody & Execution Platform with a suite of digital advice tools that enable wealth management firms to enhance client experiences at scale. AdvisorArch also automates processes that are essential at providing better service for clients.

Stifel: Acquisition Of Finance 500 And CB Resource

By Amit Chowdhry ● Mar 15, 2024

Stifel Financial has agreed to buy Finance 500 and CB Resource. The terms of the deal were undisclosed.

AstraZeneca Buying Amolyt Pharma To Develop Treatments For Rare Endocrine Diseases In $1.05 Billion Deal

By Amit Chowdhry ● Mar 15, 2024

AstraZeneca announced it entered into a definitive agreement to acquire Amolyt Pharma, a clinical-stage biotechnology company focused on developing novel treatments for rare endocrine diseases. The proposed deal will support the Alexion - which is AstraZeneca’s Rare Disease late-stage pipeline - and expand on its bone metabolism franchise with the notable addition of eneboparatide (AZP-3601), a Phase III investigational therapeutic peptide with a novel mechanism of action designed for meeting major therapeutic goals for hypoparathyroidism.

Baird Adds $680 Million Palm Financial Team To Madison West Office

By Amit Chowdhry ● Mar 15, 2024

Baird’s Private Wealth Management operation announced it added The Palm Financial Group to its Madison West office in Wisconsin. Baird also has an office in Downtown Madison.

Sagard Makes Strategic Investment In HalseyPoint Asset Management

By Amit Chowdhry ● Mar 15, 2024

HalseyPoint, a CLO manager signed a definitive agreement to form a strategic partnership with Sagard. Sagard is a multi-strategy alternative asset management firm with over $25 billion in assets under management (AUM). Following the deal, HalseyPoint co-founders and managing partners Yvonne Stevens and Lynn Hopton, and Sagard will each have equal equity ownership stakes in HalseyPoint, with a continued minority stake by A-CAP.

Joyride: Shared Mobility Company Raises $5.2 Million

By Amit Chowdhry ● Mar 15, 2024

Joyride - a shared mobility company - announced it raised $5.2 million in Series A funding. Yamaha Motors led this funding round, and it will be used to advance the global adoption of sustainable, connected, keyless, and trackable electric vehicles (EVs).

Lago: Usage-Based Billing Company Raises $22 Million

By Amit Chowdhry ● Mar 15, 2024

Lago - a Parisian usage- and subscription-based billing company - announced it raised $22 million in funding. The funding is in the form of $15 million in Series A led by FirstMark and $7 million in seed funding led by SignalFirst.

Tubulis: €128 Million Raised To Expand Therapeutic Potential Of Antibody-Drug Conjugates

By Amit Chowdhry ● Mar 15, 2024

Tubulis announced the successful completion of an upsized and oversubscribed €128 million ($138.8 million) Series B2 funding round. This funding round was co-led by EQT Life Sciences and Nextech Invest, on behalf of one or more funds managed by it, with participation from Frazier Life Sciences and Deep Track Capital and all existing investors, such as Andera Partners, BioMedPartners, Fund+, Bayern Kapital (with ScaleUp-Fonds Bayern), Evotec, coparion, Seventure Partners, OCCIDENT and High-Tech Gründerfonds (HTGF).

mmERCH: Blockchain-Enabled Web3 Fashion Company Secures $6.4 Million

By Amit Chowdhry ● Mar 15, 2024

mmERCH, a blockchain-enabled Web3 fashion start-up, announced a $6.4 million seed funding round at a $25.7 million post-money valuation. This funding round was led by Liberty City Ventures, with participation from 6529 Holdings LLC, Christie’s Ventures, and Flamingo DAO.

Redcoat AI: Cybersecurity Company Raises $4.24 Million

By Amit Chowdhry ● Mar 15, 2024

Cybersecurity company Redcoat AI announced the emergence from stealth mode with $4.24 million in funding led by Pear VC, with participation from Leonis Capital, Sancus Ventures, Kyber Knight, and others. The funding will accelerate the platform's development and expand its reach.

Unstructured: LLM Data Preprocessing Solutions Provider Raises $40 Million

By Amit Chowdhry ● Mar 14, 2024

Unstructured - a leader in ingestion and preprocessing for large language models (LLMs) - announced a $40 million Series B funding round. This funding round was led by Menlo Ventures with participation from Databricks Ventures, IBM Ventures, Sacramento Kings Chairman Vivek Ranadivé, Datastax CEO Chet Kapoor, Allison Pickens of the New Normal Fund, and NVentures (NVIDIA’s venture capital arm), and existing investors Madrona, Bain Capital Ventures (BCV), and Mango Capital.

J.P. Morgan Asset Management Hires Jon Maier As Chief ETF Strategist

By Amit Chowdhry ● Mar 14, 2024

J.P. Morgan Asset Management announced that Jon Maier will join as Chief ETF Strategist, effective March 18. In this role, Maier will oversee ETF Insights, a global program of actionable thought leadership and resources focused on ETFs.

Asgard Therapeutics: In Vivo Cell Reprogramming Company Secures €30 Million

By Amit Chowdhry ● Mar 14, 2024

Asgard Therapeutics, a biotech company pioneering in vivo direct cell reprogramming for cancer immunotherapy, announced it raised €30 million in Series A funding. This funding round will support the development of Asgard´s lead program AT-108 to IND readiness by 2026, expand its R&D team, and advance new reprogramming modalities and delivery platforms.

Alithea Genomics: RNA Sequencing Company Raises CHF 2.8 Million

By Amit Chowdhry ● Mar 14, 2024

Alithea Genomics, a leader in large-scale RNA sequencing and transcriptomics, announced the closing of a CHF 2.8 million ($3.2 million) extension to its seed funding. The Novalis Biotech Acceleration fund led the round, which also included new investor TechU Ventures alongside existing investors.

Wind Point Partners: Fund X Closed At $2.3 Billion

By Amit Chowdhry ● Mar 14, 2024

Chicago-based private equity firm Wind Point Partners announced the successful closing of its latest fund Wind Point Partners X. Fund X was closed at a hard cap with total commitments of $2.3 billion. This surpassed the fund’s $1.7 billion target.

LPL Financial: $345 Million Asset Manager Brian Pflaum Joining As Advisor

By Amit Chowdhry ● Mar 14, 2024

LPL Financial announced that financial advisor Brian Pflaum, MBA has joined LPL Financial’s broker-dealer, RIA, and custodial platforms. Pflaum reported serving about $345 million in advisory, brokerage and retirement plan assets and joins LPL Financial from Lincoln Financial Advisors.

Austin Private Wealth Surpasses $1 Billion In AUM

By Amit Chowdhry ● Mar 14, 2024

Austin Private Wealth (APW) announced it has reached a major milestone: over $1 billion in assets under management (AUM). This milestone is a major step in the growth of APW, founded by Dan Kraus and Raoul Célérier.

Savvy Advisors Adds Three Principal Wealth Managers To Advisory Team

By Amit Chowdhry ● Mar 14, 2024

Savvy Advisors - a federally registered investment advisor (RIA) associated with Savvy Wealth - announced the addition of three new wealth managers. This expansion brought the firm's total to 15 wealth managers, who are all focused on serving its high-net-worth client base.

Big Sur AI: E-Commerce AI Platform Company Raises $6.9 Million

By Amit Chowdhry ● Mar 14, 2024

Big Sur AI - an AI-driven platform for e-commerce - announced it raised a $6.9 million seed funding round. This funding round was led by Lightspeed Venture Partners and included participation from Capital F and several angel investors.

Stormbreaker Ventures Invests In Global Telecom Engineering

By Amit Chowdhry ● Mar 14, 2024

Early-stage venture capital firm Stormbreaker Ventures announce a strategic investment in Global Telecom Engineering, a hardware and software engineering company in the chip, modem, and module space driving the next generation of connectivity innovation. This investment serves as Stormbreaker's inaugural contribution to Fund II and it aligns with the expertise and collaboration of strategic limited partner Thermo Companies.

PowerGEM: Simulation Modeling Software Company Raises Funding From TA Associates

By Amit Chowdhry ● Mar 14, 2024

PowerGEM - a leading provider of simulation modeling software for the electric power industry - has announced a strategic growth investment from global private equity firm TA Associates. Launched in 2000 and based in Clifton Park, NY, PowerGEM’s power systems transmission reliability and market simulation software products serve more than 200 power systems stakeholders.

Featureform: Streamlining How Data And Model Features Are Built In Machine Learning Organizations

By Amit Chowdhry ● Mar 14, 2024

Featureform is a company that turns features into a first-class component of the machine learning process. Pulse 2.0 interviewed Featureform CEO Simba Khadder to learn more about the company.