Archives

Algenesis: Plant-Based Material Science Company Raises New Funding Round

By Noah Long ● Nov 2, 2023

Algenesis Corporation - a leading plant-based material science company - recently announced it has raised $5 million in a funding round led by First Bight Ventures, with Circulate Capital and others. And a pioneer in developing bio-based plastics that are competitive with petroleum-based in both cost and functionality, Algenesis' patented Soleic technology is the world's first renewable, high-performance, fully biodegradable and backyard compostable bioPolyurethane (bioPU) made from plants and algae.

Triveni Bio: $92 Million Raised To Develop Functional Antibodies For The Treatment Of I&I Disorders

By Amit Chowdhry ● Nov 2, 2023

Triveni Bio - a biotech company pioneering a genetics-informed precision medicine approach to develop functional antibodies for the treatment of I&I disorders - recently announced a $92 million series A financing co-led by Atlas Venture and Cormorant Asset Management, with participation from OrbiMed, the private equity business of Viking Global Investors, Invus, Polaris Partners, Alexandria Venture Investments, and other investors.

Web3 Pro: Marketing Tech Company Raises New Funding Round

By Annie Baker ● Nov 2, 2023

With privacy concerns and weakening marketing performance eroding traditional online advertising, Web3 Pro - a leading MarTech SaaS company built around targeted opt-in marketing - recently announced that it closed a substantial round of fresh funding from P101, one of the largest European venture investors. This brings the total raised to almost $10 million with a post-money valuation of $57 million.

SailPoint’s Osirium Acquisition Closed: Details

By Noah Long ● Nov 2, 2023

The UK subsidiary of SailPoint Technologies - a leader in enterprise identity security, recently completed its acquisition of Osirium, a UK-based security company dedicated to solving complex access needs. This deal will feed into the company’s vision to unify visibility, oversight, and protection across all types of access, both regular and highly sensitive, into one solution.

Performant Capital: Acquisition Of SquadUP Completed

By Dan Anderson ● Nov 2, 2023

Performant Capital - a Chicago-based private equity firm focused on investments in SaaS, software, and tech-enabled services companies - recently announced that it has acquired SquadUP, a leading ticketing, event management, and audience engagement platform for clients across a variety of verticals, including food & wine festivals, film festivals, and branded publications events.

Seurat Technologies: 3D Metal Printing Leader Raises $99 Million

By Annie Baker ● Nov 2, 2023

Seurat Technologies - a 3D metal printing leader making manufacturing better for people and the planet - recently announced a $99 million Series C round led by NVentures (NVIDIA's venture capital arm) and Capricorn's Technology Impact Fund focused on climate solutions.

Triplebar: $20 Million In Funding Raised To Improve Nutrition And Disease Treatment Outcomes

By Dan Anderson ● Nov 2, 2023

Triplebar has recently announced $20 million in new funding to expand its product portfolio in food and biopharmaceuticals. Synthesis Capital led the funding round, with participation from Essential Capital, Stray Dog Capital, iSelect Fund, and existing major investor The Production Board.

Why WEX Is Buying Payzer

By Annie Baker ● Nov 2, 2023

WEX - a global commerce platform that simplifies the business of running a business - recently announced the signing of a definitive agreement to acquire Payzer, which is a high-growth and cloud-based field service management software provider.

Planatome: Medical Device Company Closes $6 Million Investment

By Noah Long ● Nov 2, 2023

Planatome - a medical device company that applies atomic-level polishing from the semiconductor industry to create advanced surgical blades that lead to better patient outcomes - recently announced the closing of its $5 million Series A equity investment round. The company also announced that it secured an additional $1 million convertible venture debt commitment.

Traba: $22 Million Raised For Light Industrial Staffing Marketplace Platform

By Annie Baker ● Nov 2, 2023

Traba - a leading marketplace platform for light industrial staffing - recently announced a $22 million funding round led by Founders Fund, with a sizable increase in valuation from last year. The funding round - which includes participation from returning investor Khosla Ventures - comes at a time of robust growth and customer adoption for the company.

Sofinnova Partners: $200 Million Digital Medicine Fund Closed

By Amit Chowdhry ● Nov 2, 2023

Sofinnova Partners - a leading European life sciences venture capital firm based in Paris, London, and Milan - recently announced the successful closing of Sofinnova Digital Medicine I at $200 million (€190M), significantly exceeding its target. The fund - which Partners Edward Kliphuis and Simon Turner spearheaded - is focused on backing pioneering entrepreneurs navigating the convergence of biology, data, and computation. It has already invested in five revolutionary companies since its inception.

Faction Receives Funding In Round Led By TDK Ventures

By Dan Anderson ● Nov 2, 2023

TDK announced that subsidiary TDK Ventures is leading the latest financing round in driverless-technology developer Faction. Joining them as co-investors are Ducera Partners, Trucks Venture Capital, and Fifty Years.

sbe: Lifestyle Hospitality Company Closes $25 Million Facility

By Noah Long ● Nov 2, 2023

sbe - a leading lifestyle hospitality company that develops, manages, and operates world-class restaurants, lounges, and nightclubs - recently announced that it has partnered with Feenix Venture Partners on a $25 million credit facility to expand its footprint of iconic restaurants and lounges. sbe was advised by leading independent middle market investment bank and M&A advisory firm Meridian Capital.

Why UPS Is Buying Happy Returns

By Amit Chowdhry ● Nov 2, 2023

UPS recently announced that it has agreed to acquire Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company which enables frictionless, no-box, no-label returns for merchants and consumers.

TeselaGen Biotechnology: Radically Accelerating Therapeutics Product Development In Over A $600 Billion Market

By Amit Chowdhry ● Nov 2, 2023

TeselaGen is a company that has developed an AI-powered platform that radically accelerates product development of therapeutics, high-value chemicals, and agricultural products. Pulse 2.0 interviewed TeselaGen Biotechnology CEO and founder Eduardo Abeliuk to learn more.

AgentSync: Modern Insurance Infrastructure Company Raises $50 Million

By Amit Chowdhry ● Nov 1, 2023

AgentSync - a leader in modern insurance infrastructure - recently announced an additional $50 million fundraising, bringing the company's total funding to $161 million. This funding round was co-led by existing investors Craft Ventures and Valor Ventures.

Why Nayax Is Buying Retail Pro International For $36.5 Million

By Dan Anderson ● Nov 1, 2023

Nayax - a global commerce enablement payments and loyalty platform designed to help merchants scale their business - recently announced that it will acquire 100% of Retail Pro International, a global leader in retail Point of Sale (POS) software with Tier 1 global brand names worldwide. After the deal is closed, the deal will meaningfully expand the scope of Nayax’s retail business and solutions to over 9,000 retailers with approximately 150,000 POS lanes in more than 100 countries, including access to an extensive, worldwide partner ecosystem of more than 80 distributors.

Oxide: Commercial Cloud Computer Company Secures $44 Million

By Dan Anderson ● Nov 1, 2023

Oxide Computer Company recently unveiled the world’s first commercial Cloud Computer, a true rack-scale system with fully unified hardware and software designed for on-premises cloud computing. And the company also announced a $44 million Series A financing round led by Eclipse with participation from Intel Capital, Riot Ventures, Counterpart Ventures, and Rally Ventures to accelerate production for Fortune 1000 enterprises. This brings the company’s total funding to $78 million.

Arteria AI: $30 Million Raised To Build Modern Documentation Infrastructure For Institutional Finance

By Amit Chowdhry ● Nov 1, 2023

Arteria AI - a market-leading applied AI company building modern documentation infrastructure for institutional finance - recently announced its oversubscribed $30 million Series B financing round led by GGV Capital U.S., with participation from all existing major investors, including Illuminate Financial, Information Venture Partners, BDC Capital and Citi. The round brings the company’s total funding to $50 million.

Why Outdoor Living Supply Is Buying Apache Stone

By Noah Long ● Nov 1, 2023

Outdoor Living Supply (OLS) - a distribution platform for outdoor living products focusing on hardscapes - recently announced today that it has acquired Apache Stone, a wholly owned subsidiary of Halquist Stone Company. And Apache Stone is a full-service distributor of masonry, hardscape, and landscape supplies. This deal expands OLS’ footprint in the Southwest, adding three strategic locations in Nevada and Arizona.

OfficeRnD: Strategic Growth Investment From Blue Star Innovation Partners Received

By Annie Baker ● Nov 1, 2023

OfficeRnD - a leading provider of coworking and hybrid work software - recently announced a strategic investment from Blue Star Innovation Partners (BSIP). This partnership with BSIP will enable OfficeRnD to expand its position as a market-leading software solution for coworking workspaces and businesses operating in hybrid work environments.

Why Lumentum Is Buying Cloud Light For $750 Million

By Amit Chowdhry ● Nov 1, 2023

Lumentum Holdings and Cloud Light Technology Limited recently announced that they have entered into a definitive agreement under which Lumentum will acquire Cloud Light with a transaction value of approximately $750 million, subject to certain adjustments. At the time of closing, transaction consideration will be paid in cash, and the assumption and substitution of outstanding unvested Cloud Light options. The transaction has been unanimously approved by the Boards of Directors of both companies and by Cloud Light’s shareholders.

Ares Management: $6.6 Billion Pathfinder II Alternative Credit Fund Closed

By Amit Chowdhry ● Nov 1, 2023

Ares Management - a leading global alternative investment manager - recently announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles Pathfinder II) at $6.6 billion in commitments. This fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target and was approximately 80% larger than the predecessor fund with a total commitment of $3.7 billion. The fund held its final closing only seven months following its first closing in March 2023.

Inlyte Energy: $8 Million Secured To DevelopGrid Batteries Made With Iron And Salt

By Noah Long ● Nov 1, 2023

Inlyte Energy has announced its $8 million seed funding to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. And Inlyte's solution utilizes the proven design of the previously commercialized sodium metal halide battery to create an energy storage system with high efficiency, long lifetime, competitive energy density, excellent safety, and at an ultra-low cost.

Ascendant: Consumer Brand Management Company Receives Growth Funding Package From Decathlon

By Annie Baker ● Nov 1, 2023

Ascendant - a consumer brand management company with expertise in repositioning and building a legacy consumer product business - has received a growth funding package from Decathlon Capital Partners to support its expansion. The details of the revenue-based investment package were not disclosed.

HackerOne: Ethical Hacker Community Surpasses $300 Million In All-Time Rewards

By Amit Chowdhry ● Nov 1, 2023

HackerOne - a leader in Attack Resistance - recently announced its ethical hacker community has surpassed $300 million in total all-time rewards on the HackerOne platform. And thirty hackers have also earned more than one million dollars on the platform, with one hacker surpassing four million dollars in total earnings.

Funnel: $32 Million Closed To Advance Adoption Of Renter Management Software Platform

By Amit Chowdhry ● Nov 1, 2023

Funnel Leasing - the first Renter Management Software platform - recently announced the completion of a $32 million Series B-2 financing round to unlock the new operating model for multifamily leaders. This financing round was led by RET Ventures, the leading VC investor in “rent tech” - whose 50+ strategic investors comprise the largest group of apartment owners and operators working together to drive innovation in multifamily, representing over 2.5 million rental units.

Cranium: Enterprise AI Security And Trust Software Company Raises $25 Million

By Noah Long ● Nov 1, 2023

Cranium - a leading enterprise AI security and trust software company - recently announced that the company has raised $25 million in Series A funding. Telstra Ventures led the funding round with participation from KPMG LLP and SYN Ventures. Both participating investors previously provided seed funding when Cranium emerged from stealth six months ago, and it spun out of KPMG with additional investment from SYN Ventures.

Betteromics: $20 Million Raised To Develop Clinical-Grade SaaS Platform To Empower Life Sciences Professionals

By Amit Chowdhry ● Nov 1, 2023

Betteromics - a company that has developed a clinical-grade compliant Software-as-a-Service platform that empowers life sciences professionals with the latest AI and computational techniques - recently announced that it has raised $20 million in a Series A financing led by Sofinnova Partners and Triatomic Capital, with participation from SHAKTI.

Omnidian: Solar Asset Management Company Raises $25 Million

By Dan Anderson ● Nov 1, 2023

Omnidian - a leader in solar asset management for both commercial and residential clients across the country and with an expanded international presence in Australia since 2022 - recently announced that it successfully closed a $25 million funding round.