Archives

VenoStent: $20 Million Raised To Develop Therapeutic Device For Improving Dialysis Outcomes

By Amit Chowdhry ● Jun 28, 2024

VenoStent, a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced that it closed an additional $4 million from Norwest Venture Partners to round out its Series A funding at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal.

Faropoint Closes $915 Million For Urban Industrial Value Fund III

By Amit Chowdhry ● Jun 28, 2024

Faropoint, a tech-enabled, US industrial real estate investment manager, announced the final closing of its flagship Industrial Value Fund III with $915 million in commitments, exceeding its $750 million target.

Altimetrik Raises Significant Strategic Investment From TPG

By Amit Chowdhry ● Jun 28, 2024

Digital business company Altimetrik announced that it has signed a definitive agreement for TPG to make a majority investment in the company.

Carlyle Launches New Evergreen Private Equity Strategy

By Amit Chowdhry ● Jun 28, 2024

Global investment firm Carlyle announced the launch of a new evergreen private equity strategy Carlyle AlpInvest Private Markets SICAV (CAPM SICAV), offering investors worldwide – except the US – access to a global portfolio of private markets investments by leveraging Carlyle's Global Investment Solutions business AlpInvest.

HeyGen: AI-Based Video Generation Platform Company Closes $60 Million In Series A At Over $500 Million Valuation

By Amit Chowdhry ● Jun 28, 2024

HeyGen, an AI video generation platform for businesses, raised $60M in Series A led by Benchmark with participation from Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, and SV Angel among others.‍ And Victor Lazarte from Benchmark has joined the board of directors.

Huntress: Managed Security Platform Company Raises $150 Million

By Amit Chowdhry ● Jun 28, 2024

Huntress, a pioneering force in cybersecurity for small businesses to small enterprises and the Service Providers that support them, announced it closed $150 million Series D funding round led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures.

Ability Biologics: Cell Targeting Company Raises $18 Million In Seed Funding

By Amit Chowdhry ● Jun 28, 2024

Ability Biologics announced the final closing of its seed funding, raising a total of $18 million, a financing round led by founding investor Amplitude Ventures. Amplitude is joined by the Fonds de solidarité FTQ, Investissement Québec, Charles River Laboratories, Theodorus and Alexandria Venture Investments.

Pomelo Care: $46 Million In Series B Raised And Over 3 Million Lives Covered

By Amit Chowdhry ● Jun 28, 2024

Pomelo Care, a virtual medical practice that improves maternal and newborn health outcomes, announced $46 million in Series B funding led by existing investors First Round Capital and Andreessen Horowitz (a16z) Bio + Health. Pomelo will use this funding round to accelerate its partnerships with payors nationwide to address the root causes of the maternal health crisis.

The Picklr: Indoor Pickleball Franchise Company Now Valued At $59 Million

By Amit Chowdhry ● Jun 28, 2024

The Picklr, which is North America's fastest-growing indoor pickleball franchise, closed their Series B financing with a valuation of $59 million, bringing the total raised by The Picklr to $9 million. Led by Pickleball Inc., the parent company to the largest pickleball brands in the world, including the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com and TopCourt, the Series B funding round ensures rapid growth and several pickleball sectors and solidifies The Picklr's place among top pickleball franchises for both franchisees and pickleball enthusiasts.

H.I.G. Capital: $1.3 Billion Raised For Infrastructure Fund

By Amit Chowdhry ● Jun 28, 2024

H.I.G. Capital, a global alternative asset management firm with $64 billion of capital under management, announced the closing of H.I.G. Infrastructure Partners. This fund closed with aggregate capital commitments of approximately $1.3 billion.

Sidley Austin Names Shane Goudey As Partner To Lead VC Fund Formation Practice

By Amit Chowdhry ● Jun 28, 2024

Sidley announced that Shane Goudey has joined the Palo Alto office as a partner in the firm’s Investment Funds practice to lead the firm’s venture capital fund formation practice. Before joining Sidley, he was a Venture Funds partner at Cooley LLP.

TrackLight: AI-Based Fraud Detection And Prevention Company Raises $3 Million

By Amit Chowdhry ● Jun 28, 2024

TrackLight, an AI-based fraud detection and prevention company, announced the launch of a groundbreaking platform for combating fraud across government and corporate sectors. And the company also revealed a $3 million seed funding investment, led by BarronKent and Growth Factory, to accelerate TrackLight’s platform development, sales, and marketing efforts.

Rapafusyn Pharmaceuticals: $28 Million Series A Funding Raised To Develop Therapeutic Drugs Based On Non-Degrading Molecular Glues

By Amit Chowdhry ● Jun 28, 2024

Rapafusyn Pharmaceuticals, a leader in the discovery and development of therapeutic drugs based on non-degrading molecular glues, announced the initial closings of an extension of its Series A financing, bringing the total round to $28 Million. The funding was led by 3E Bioventures Capital and Proxima Ventures Ltd. with participation from Lapam Capital.

Elion Therapeutics: $81 Million Closed To Transform Treatment Of Life-Threatening Invasive Fungal Infections

By Amit Chowdhry ● Jun 28, 2024

Elion Therapeutics, a biotechnology company focused on transforming the treatment of life-threatening invasive fungal infections (IFIs), announced it has closed a $81 million Series B funding round led by Deerfield Management and the AMR Action Fund. Illinois Ventures was an additional investor.

Princeton NuEnergy: Lithium Ion Battery Recycling Company Secures $30 Million In Series A

By Amit Chowdhry ● Jun 28, 2024

Princeton NuEnergy (PNE), a leader in lithium-ion battery direct recycling furthering America's circular economy, announced it closed a Series A funding round with a strategic investment from Samsung Venture Investment (Samsung's corporate venture arm), investing in breakthrough technologies across industries and from Helium-3 Ventures. The investor demand for this 50% oversubscribed round brought PNE's Series A total to $30 million. Samsung Venture and Helium-3 join the round's previous investors, which includes Honda Motor, LKQ, SCG Group, Traxys Group, and Wistron.

Kinderhook Industries: $2.75 Billion Closed For Oversubscribed Eighth Fund

By Amit Chowdhry ● Jun 28, 2024

Kinderhook Industries announced the final closing of Kinderhook Capital Fund 8, L.P. with total capital commitments of $2.75 billion, inclusive of $250 million in commitments from the general partner and its operating partner network. And after holding a first close in April 2024, the Fund 8 exceeded its target of $2.0 billion and was significantly oversubscribed.

Wilya: $4 Million Secured To Bring Flexible Workforce Solutions To The Manufacturing Sector

By Amit Chowdhry ● Jun 28, 2024

Wilya (formerly known as Gig and Take), a B2B SaaS company transforming traditional HR practices in the manufacturing and supply chain sectors, announced the successful closing of a $4 million seed funding round. This funding round was led by Ironspring Ventures, with participation from Schematic Ventures, Plug & Play Ventures, Iron Prairie Ventures, Motivate Ventures, and 25Madison.

OCON Therapeutics: $10 Million Raised To Advance Women’s Health With Advanced Drug Delivery Solutions

By Amit Chowdhry ● Jun 28, 2024

OCON Therapeutics, a company at the forefront of transforming drug delivery, announced the successful completion of a $10 million investment round. This funding round was led by RH Capital, with participation from Features Capital, Astia Angels, Exerte Partners, grants from the Israeli Innovation Authority and other business angels.

SoSoValue: Singapore-Based Crypto Research Company Raises $4.15 Million

By Amit Chowdhry ● Jun 28, 2024

SoSoValue, a Singapore-based crypto financial research startup, announced it has closed a $4.15 million seed funding round led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. A Gitcoin co-founder, an Ethereum early investor, and founders of top Web3 and AI tech firms also joined the round.

BillionToOne: Molecular Diagnostics Company Raises $130 Million

By Amit Chowdhry ● Jun 28, 2024

BillionToOne, a next-generation molecular diagnostics company, announced that it has raised $130 million in an oversubscribed and upsized Series D round. This funding was led by Premji Invest, with significant participation by another incoming investor Neuberger Berman along with existing investors, including Adam Street Partners, Baillie Gifford, Hummingbird Ventures, Civilization Ventures, Libertus Capital, and Fifty Years.

S&P Global: Martina Cheung Named As President And CEO

By Amit Chowdhry ● Jun 27, 2024

S&P Global announced today that its Board of Directors has unanimously elected Martina Cheung, S&P Global's current President of S&P Global Ratings, to succeed Douglas Peterson as the company's President and Chief Executive Officer, effective November 1, 2024. Cheung has also been appointed a member of the Board, effective July 1, 2024. Peterson will remain on the Board until May 2025 and be a special advisor to the company until December 31, 2025. 

Nokia Buying Infinera In $2.3 Billion Deal

By Amit Chowdhry ● Jun 27, 2024

Nokia and Infinera, a global supplier of innovative open optical networking solutions and advanced optical semiconductors, today announced a definitive agreement under which Nokia will buy Infinera in a deal valuing the company at $6.65 per share or an enterprise value of $2.3 billion.

Chime Buys Enterprise Employee Rewards Company Salt Labs

By Amit Chowdhry ● Jun 27, 2024

Banking app company Chime announced that it acquired Salt Labs, an enterprise technology company focused on helping hourly workers on the long-term value of their work. The terms of the deal were undisclosed.

Talkiatry: In-Network Psychiatric Care Company Closes $130 Million In Series C Funding

By Amit Chowdhry ● Jun 27, 2024

Talkiatry, a leading provider of high-quality, in-network psychiatric care, announced a $130 million equity and debt financing as part of a Series C round. This equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors, and debt financing was provided by Banc of California.

Celcoin: Banking As A Service Company Raises $125 Million

By Amit Chowdhry ● Jun 27, 2024

Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, announced a $125 million investment led by global growth equity investor Summit Partners. Existing investor Innova Capital is also participating in the round, along with experienced financial technology executive John Coughlin, a former senior executive with Corpay.

Butterflies AI: Social Media Company Raises $4.8 Million To Help People Connect With AI Characters

By Amit Chowdhry ● Jun 27, 2024

Butterflies AI, a social media platform enabling humans and AIs to co-exist, announced the public launch of its platform after five months in beta. To support rapid consumer interest, the company has raised a $4.8 million seed round led by Coatue with participation from SV Angel and several strategic angels, many of whom are former Snap product and engineering leaders.

GIST Impact: Data And Analytics Company Raises Funding From UBS Next

By Amit Chowdhry ● Jun 27, 2024

GIST Impact, a leading provider of impact data and analytics, announced an investment from UBS Next, which is the leading universal Swiss bank’s venture and innovation unit.

Oral Surgery Partners Closes $75 Million Credit Expansion

By Amit Chowdhry ● Jun 27, 2024

Oral Surgery Partners (OSP) announced the closing of a $75 million credit expansion. The facility expansion, provided by the existing lending partners, will allow OSP to continue growing through this year and beyond.

Morgan Lewis Names Leonora Shalet As Partner In New York

By Amit Chowdhry ● Jun 27, 2024

Law firm Morgan Lewis is adding Leonora Shalet as a partner resident in New York to support its global private investment funds practice. And she joins from Schulte Roth & Zabel and will continue her focus on advising investment funds and investment advisers in connection with fund structuring, formation, and ongoing operational and compliance needs.

Indus Valley Partners: Strategic Growth Investment Raised From PPC Enterprises

By Amit Chowdhry ● Jun 27, 2024

Indus Valley Partners (IVP), a global provider of software and technology solutions to sophisticated investment managers, announced it has secured a strategic minority growth investment from PPC Enterprises (PPC), a specialist middle-market private equity firm. The terms of the agreement were not otherwise disclosed.