Archives

Summit Financial: $370 Million Team Joins And Launches Kyros Private Wealth

By Amit Chowdhry ● May 24, 2024

Summit Financial Holdings, a leading architect of advisor success and client satisfaction for over four decades, announced the launch of Kyros Private Wealth. Based in Naples, Florida, this newly formed independent practice is led by founding partner and private wealth advisor William E. Clegg IV, CFP, CIMA. Formerly affiliated with UBS as The Clegg Group, Kyros represents the sixth firm this year to join Summit Growth Partners (SGP), a partnership that combines cash monetization with equity participation and exclusive partnership privileges.

Fay: $25 Million Closed To Connect People With Registered Dietitian Nutritionists

By Amit Chowdhry ● May 24, 2024

Fay is a company that connects people with registered dietitian nutritionists. They deliver personalized nutrition counseling to change the way we think and feel about food, and all of the care is covered by insurance.

Angel AI: $4.5 Million Secured To Provide Age-Appropriate Internet Experiences For Children

By Amit Chowdhry ● May 24, 2024

Angel AI, a parent-designed AI platform offering an age-appropriate internet experience for children aged 5 to 12 years old, announced it has raised a $4.75 million seed funding round led by Cortical Ventures with significant participation from Village Global and several other renowned angel investors.

Vitruvian Partners: Strategic Growth Investment In Aduro Advisors

By Amit Chowdhry ● May 24, 2024

Aduro Advisors, a leading fund administrator to VC and PE firms, announced it has secured a strategic growth investment from Vitruvian Partners, a leading global growth-focused investment firm. And Aduro’s leadership team and existing shareholder PPC Enterprises (PPC) will retain a significant investment in Aduro going forward.

Metropolis Technologies: AI-Based Checkout-Free Payment Company Raises $1.8 Billion

By Amit Chowdhry ● May 24, 2024

Metropolis Technologies, an AI-based company whose platform enables checkout-free payment experiences, announced that it has closed its acquisition of SP Plus Corporation (SP+). SP+ is the largest parking network and provider of mobility services for aviation, commercial, hospitality, and institutional clients in North America.

LPL Brings In $4.6 Billion Pilot Financial Team

By Amit Chowdhry ● May 24, 2024

LPL Financial announced that Pilot Financial, a network of 105 advisors nationwide, has joined LPL Financial’s broker-dealer, RIA and custodial platforms. And the advisors reported serving approximately $4.6 billion in advisory and brokerage assets and join LPL from Lincoln Financial.

PolyAI: Voice Assistant Builder Company Raises $50 Million

By Amit Chowdhry ● May 24, 2024

PolyAI, a global provider of enterprise voice assistants, announced it has raised $50 million in a Series C round of funding. The funding round was backed by new investors Hedosophia, Nvidia's NVentures, and Zendesk, with follow-on investments from Khosla Ventures, Georgian, Point72 Ventures, Sands Capital, and Passion Capital.

Aeropay: Pay-By-Bank Solutions Company Raises $20 Million

By Amit Chowdhry ● May 24, 2024

Aeropay, a provider of Pay-By-Bank solutions for businesses, announced $20 million in Series B funding. Fintech venture capital firm Group 11 led the round, which also included Chicago Ventures and Continental Investment Partners.

PosiGen Receives $150 Million Funding Commitment From Brookfield Asset Management

By Amit Chowdhry ● May 24, 2024

PosiGen, one of the nation's leading providers of renewable energy and energy efficiency solutions for underserved communities and a certified Public Benefits Corporation (PBC), announced that a direct lending infrastructure fund managed by Brookfield Asset Management (Brookfield) has expanded upon its funding commitment with an additional $150 million investment.

PayHOA: HOA Management Software Company Secures $27.5 Million

By Amit Chowdhry ● May 24, 2024

PayHOA, an all-in-one homeowner’s association (HOA) management software company, announced that it raised a $27.5 million Series A financing round, led by venture capital firm Elephant. And PayHOA unveiled its new Payables module, which expands the platform’s capabilities and streamlines financial management for self-managed HOAs and property managers.

Raymond James Reveals Leadership Changes

By Amit Chowdhry ● May 24, 2024

Raymond James Financial announced several executive leadership changes effectuated by the firm’s March CEO and leadership succession announcement. These changes will be effective October 1, 2024.

HydroX AI: Providing Comprehensive Security Measures In A $200+ Billion Market

By Amit Chowdhry ● May 24, 2024

HydroX AI is a company that is focused on providing comprehensive security measures, ensuring that your AI projects thrive in a secure and dynamic environment. Pulse 2.0 interviewed HydroX AI founder and CEO Zhuo Li to learn more about the company.

XGEN Venture: €160 Million Life Science Fund Closed

By Amit Chowdhry ● May 24, 2024

Newly formed venture capital firm XGEN Venture announced its first fund, XGEN Venture Life Science Fund, with €160 million in commitments. With this fund, XGEN Venture will be working along with talented scientists and entrepreneurs to create and invest in up to 15 companies, delivering impactful solutions to patients through new therapeutics, medical devices, diagnostics and digital health solutions. While taking a macro view of scientific innovation, a large portion of XGEN-backed companies will be formed from technologies that originated in Italian research institutes.

Agora: Real Estate Investment Management Company Raises $34 Million

By Amit Chowdhry ● May 24, 2024

Agora

Easy Metrics: $31 Million Closed To Advance Warehouse And Manufacturer Labor Analytics Platform

By Amit Chowdhry ● May 23, 2024

Easy Metrics, a leading labor analytics platform for warehouses and manufacturers, announced it has received a $31 million investment from Nexa Equity. This funding round will accelerate product development, expand organizational capacity, and pursue strategic acquisitions.

Atropos Health: $33 Million Raised To Translate Real-World Clinical Data Into Personalized Real-World Evidence For Care

By Amit Chowdhry ● May 23, 2024

Today Atropos Health, a company that translates real-world clinical data into high-quality personalized and real-world evidence for care, announced a $33 million Series B funding round. This funding round was led by Valtruis, with participation from new strategic investors, including McKesson Ventures, Touchdown VC, Sanofi Ventures, and Merck GHI Fund, along with existing investors Breyer Capital, Emerson Collective, and Presidio Ventures.

XConn: Accelerating Next-Gen Interconnect Technology For Lowering Energy Consumption

By Amit Chowdhry ● May 23, 2024

XConn Technologies is on a mission to accelerate composable memory innovation to lower the energy consumption and cost of next-generation AI processing. This will mean that data centers around the world can facilitate new AI workloads without draining our fragile global environment. To learn more about the company, Pulse 2.0 interviewed Krishna Mallampati, XConn’s Vice President of Sales and Marketing.

Elevate K-12 Raises $25 Million In Growth Capital From Trinity Capital

By Amit Chowdhry ● May 23, 2024

Diversified financial solutions company Trinity Capital announced it has committed $25 million in growth capital to Elevate K-12, which is a Chicago-based company that provides high-quality synchronous LIVE teaching for K-12 classrooms in the US.

Peterson Partners: $265 Million Closed For Tenth Private Equity Fund

By Amit Chowdhry ● May 23, 2024

Peterson Partners revealed that its private equity business, Peterson Private Equity, has closed $265 million in Fund X. Fund X is focused on investing $10 million to $25 million in entrepreneurs and management teams in profitable and growth-oriented companies.

Gorgias: Customer Experience Company Raises $29 Million

By Amit Chowdhry ● May 23, 2024

Gorgias, a leading customer experience (CX) platform trusted by over 15,000 e-commerce brands, announced $29 million in Series C-2 funding from existing investors. The new funding round was led by SaaStr and Alven, with participation from Horsley Bridge, Amplify, Shopify, Sapphire, CRV, and Transpose Platform. Sunil Dhaliwal from Amplify has also been added as a Board observer.

Hydrolix: Streaming Data Lake Platform Company Raises $35 Million

By Amit Chowdhry ● May 23, 2024

Hydrolix, a streaming data lake platform that is transforming the economics of big data, announced it has closed a $35 million Series B funding round led by S3 Ventures. Prior investors like Nava Ventures, Wing Ventures, AV8 Ventures and Oregon Venture Fund also participated in this round, which brings the company's total funding to date to $68 million.

Polymarket: Prediction Market Company Raises $70 Million

By Amit Chowdhry ● May 22, 2024

Prediction market company Polymarket announced that it has raised $70 million of funding across two unannounced rounds: a $45 million Series B led by Founders Fund and existing investors 1confirmation and ParaFi, with participation from Ethereum founder Vitalik Buterin, Dragonfly and Eventbrite’s co-founder Kevin Hartz, and a $25 million Series A led by General Catalyst, with participation from Airbnb’s Joe Gebbia, Polychain and other leading investors.

Elegen: DNA Synthesis And Production Company Secures $35 Million

By Amit Chowdhry ● May 22, 2024

Elegen, a leader in next-generation DNA synthesis and production, announced a Series B financing of $35 million led by Triatomic Capital. Also joining the round include strategic investors GSK - which also entered a collaboration and licensing agreement with Elegen to use their proprietary cell-free DNA manufacturing technology in developing GSK’s vaccines and medicines, and John Ballantyne (co-founder of Aldevron). Elegen’s existing investors - including Andreessen Horowitz (a16z) Bio + Health, KdT Ventures, 8VC, Digitalis Ventures, ACVC Partners, Alix Ventures, AME Cloud Ventures and Agilent Technologies - also joined.

Annuity.com: Financial Media Company Raises $15.7 Million

By Amit Chowdhry ● May 22, 2024

Annuity.com, a newly formed fintech and financial media company set to transform the distribution of annuities, announced it has closed on a $15.7 million seed funding round and acquired the domain Annuity.com. And the company will relaunch Annuity.com as an education-focused consumer marketplace for annuities in the summer of 2024.

Nabla Bio: Generative Protein Design Company Closes $26 Million In Series A

By Amit Chowdhry ● May 22, 2024

Generative protein design company Nabla Bio announced the closing of a $26 million Series A funding round, led by Radical Ventures with participation from all existing investors, and strategic collaborations with AstraZeneca, Bristol Myers Squibb Company, and Takeda, worth over $550 million in upfront and milestone payments, plus royalties.

SixPeaks Bio: $110 Million Raised To Develop Therapies For Addressing Healthy Weight Loss

By Amit Chowdhry ● May 22, 2024

Today SixPeaks Bio has emerged from stealth mode with a pipeline of therapies for healthy weight loss, including a potentially best-in-class dual-specific antibody targeting activin type IIA and B receptors. And the company raised $30 million in Series A funding led by founding investor Versant Ventures and a strategic collaboration with AstraZeneca, which will provide additional and non-dilutive financing of up to $80 million over the next two years. As part of the deal, AstraZeneca also has certain exclusive rights to acquire SixPeaks during this period.

Academic Innovation Catalyst Partnering With UC Berkeley’s Bakar Fellows Program

By Amit Chowdhry ● May 22, 2024

Academic Innovation Catalyst (AIC), a new deep technology funding platform, announced its partnership with the Bakar Fellows Program, UC Berkeley's largest proof-of-concept funding platform. AIC will initially partner with the Bakar Fellows program to award grants to Berkeley faculty engaged in deep technology research. Over time, AIC intends to establish additional partnerships at UC Berkeley and other research institutions.

Expressable: Speech Therapy Company Secures $26 Million

By Amit Chowdhry ● May 22, 2024

Expressable, a market leader in research-based, family-centered speech therapy care, announced it raised $26 million in Series B funding led by global investment firm HarbourVest Partners, with participation from Digitalis Ventures and existing investors F-Prime Capital and Lerer Hippeau.

Footprint: $13 Million Raised To Reduce Identity Fraud

By Amit Chowdhry ● May 22, 2024

Footprint, a company unifying KYC (Know Your Customer), security, and authentication to automate consumer onboarding and reduce identity fraud, announced a $13 million Series A led by QED Investors. The funding round included participation from existing investors Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, and Definition. New investors Neo and Animal Capital also joined.

Baker Tilly Expanding In Bay Area Through Seiler Acquisition

By Amit Chowdhry ● May 22, 2024

Advisory CPA firm Baker Tilly US, LLP announced the acquisition of accounting and advisory firm Seiler LLP., effective July 1.