Archives

Speedinvest: Fourth Flagship Fund Closed At €350 Million

By Amit Chowdhry ● Feb 10, 2024

Speedinvest announced that it had raised new capital to deepen its commitment to providing game-changing founder support and helping early-stage startups scale to global success. The final €350 million closing of Speedinvest 4 – which was €50 million above the initial target – brings the firm’s total assets raised for our fourth fund generation to more than €600 million, which includes follow-on vehicles to provide long-term funding to our existing portfolio.

Omega: $6 Million Raised To Enable Users In Leveraging Cross-Chain Digital Assets

By Annie Baker ● Feb 10, 2024

Omega announced it has closed a $6 million funding round, marking a major milestone in its quest to integrate native Bitcoin into the decentralized finance (DeFi) landscape. This funding was spread across three investment rounds, featuring contributions from an impressive roster of participants including Lightspeed Faction, Borderless Capital, Wormhole Cross-Chain Ecosystem Fund (operated by Borderless Capital), Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Side Door Ventures, and MH Ventures, and others.

Canada Nickel Looking To Build Largest Nickel Procesing Plant In North America

By Annie Baker ● Feb 10, 2024

Nickel mining company Canada Nickel is planning to develop a nickel processing plant in Ontario, which would cost about $1 billion. This plant would be the largest in North American once it is done.

Why Bounteous And Accolite Are Merging

By Amit Chowdhry ● Feb 10, 2024

Bounteous (a digital innovation partner of the world's most ambitious brands) and Accolite Digital (a leading digital engineering, cloud, data & AI services provider) announced a merger, creating a new end-to-end digital transformation services consultancy that partners with leading brands around the globe to co-innovate and drive exceptional client outcomes.

Rockwell Automation Reveals New Open Process Automation Offerings

By Amit Chowdhry ● Feb 10, 2024

Rockwell Automation (the world's largest company dedicated to industrial automation and digital transformation) has announced significant new offerings supporting Open Process Automation. And the innovations include PlantPAx’s control platform, Embedded Edge Compute Module, FactoryTalk Optix, and FactoryTalk DataMosaix.

AI.Fashion: AI-Based Fashion Industry Platform Company Raises $3.6 Million

By Amit Chowdhry ● Feb 10, 2024

AI.Fashion - a Y Combinator-backed leader in AI technology for the fashion industry - announced the early access launch of its latest innovation Persona by AI.Fashion, which comes shortly after raising a $3.6 million seed round led by Neo. And the addition of Persona to the AI.Fashion platform opens up new revenue streams for models by enabling them to book more work virtually and democratizing access to opportunities in the industry.

NewEdge Wealth Opens Atlanta Office With Hires From JPMorgan

By Amit Chowdhry ● Feb 9, 2024

NewEdge Wealth (a registered investment adviser specializing in servicing the needs of ultra high net worth families, family offices, and institutional clients) announced that it opened an Atlanta office with Roland Pritchett and Andrew Noble. Pritchett and Noble (formerly of The Pritchett Group at J.P. Morgan Wealth Management) join NewEdge Wealth along with an experienced client service associate. And Pritchett was named the Managing Director of the Atlanta office.

EssentialDx: How This Company Empowers Leaders Drive Performance And Attract Top Talent

By Amit Chowdhry ● Feb 9, 2024

EssentialDx is a company that exists to empower leaders during critical inflection points, helping them drive performance, foster resilient and adaptive cultures, and attract, engage, and retain top talent. Pulse 2.0 interviewed EssentialDx President Henry Nothhaft, Jr. to learn more about the company.

Rockefeller Global Hires $1.3 Billion Team From Morgan Stanley

By Amit Chowdhry ● Feb 9, 2024

Rockefeller Global Family Office (the wealth management division of Rockefeller Capital Management) announced the addition of Variant Path Group, a respected 10-person team based in Charlotte, NC.

10Beauty: Autonomous Manicure Company Raises $38 Million

By Annie Baker ● Feb 9, 2024

10Beauty (the creator of the first full salon-quality manicure machine) announced it will launch at the end of this year, having secured $38 million in equity financing including a newly closed $17 million extension to their Series A led by Shine Capital. Imaginary Ventures, Lerer Hippeau and Red Sea Ventures led their previous funding rounds.

Why Barclays Is Buying Tesco’s Retail Banking Business

By Amit Chowdhry ● Feb 9, 2024

Barclays announced that Barclays Bank UK PLC entered into an agreement to acquire the retail banking business of Tesco and enter into an exclusive long-term partnership to offer Tesco branded credit cards, personal loans and deposits. Tesco’s retail banking customer base is broadly similar to Barclays UK’s existing customers and will complement the current business, as well as build on the existing UK strategic partnerships with other leading retail, consumer electronics and loyalty program brands.

Beamer And Userflow Merge To Create A Product Team Growth Toolkit Giant

By Annie Baker ● Feb 9, 2024

As part of a strategic move that marks a significant milestone in the product management landscape, Beamer has announced a merger with Userflow. This partnership reinforces the companies' positions as leading providers of no-code product adoption and engagement platforms and expands their combined capabilities by offering a consolidated toolkit for leading product-led growth (PLG) teams worldwide. The combined company plans to be a major player in the Digital Adoption Platform space.

Encore Consumer Capital Closes $258 Million In Commitments

By Amit Chowdhry ● Feb 9, 2024

Encore Consumer Capital (a private equity investment firm focused on the consumer products industry) announced it has closed Encore Consumer Capital Fund IV, LP (Encore IV) and related vehicles with $258 million of commitments.

Incident IQ Raises Strategic Investment From Cove Hill Partners

By Noah Long ● Feb 9, 2024

Incident IQ (a leading workflow management platform for K-12 school districts) announced that Cove Hill Partners will join JMI Equity and the Incident IQ founders and management team as strategic investment partners in the Incident IQ business. ANd Incident IQ will continue to be led by Chief Executive Officer, R.T. Collins and the rest of the current management team.

Carlyle To Sell Jagex To CVC And Haveli

By Amit Chowdhry ● Feb 9, 2024

Global investment firm Carlyle and CVC (a leading global private markets manager) announced that CVC Capital Partners Fund VIII and Haveli Investments have agreed on the acquisition of Jagex, a leading developer and publisher of video games.

Nasdaq Private Market Raises $62.4 Million To Provide Liquidity Solutions To Private Companies

By Amit Chowdhry ● Feb 9, 2024

Nasdaq Private Market (NPM) - a leading provider of liquidity solutions to private companies, their employees, and investors - announced that it has closed its Series B financing. Nasdaq led this $62.4 million round with participation from current investors, including Allen & Company, Citi, and Goldman Sachs. And new investors in Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.

Why Premier Radiology Services Is Buying NationalRad

By Annie Baker ● Feb 9, 2024

Premier Radiology Services announced the acquisition of Specialists in Diagnostic Imaging, a leading provider of subspecialty teleradiology services. The financial terms of the transaction were not disclosed.

Neurona Therapeutics: $120 Million Raised To Advance Pipeline Of Regenerative Cell Therapy Candidates For Chronic Neurological Disorders

By Amit Chowdhry ● Feb 9, 2024

Neurona Therapeutics (a clinical-stage biotherapeutics company advancing regenerative cell therapy candidates for the treatment of neurological disorders) announced the successful completion of a $120 million financing co-led by Viking Global Investors and Cormorant Asset Management with participation from new and existing investors, including The Column Group, LYFE Capital, Schroders Capital, Willett Advisors, Ysios Capital Partners, Euclidean Capital, SymBiosis, Alexandria Venture Investments, Berkeley Frontier Fund, Sphera Biotech Master Fund LP, Spur Capital Partners, UCB Ventures, and UC Investments.

Owens Corning Buying Masonite For $3.9 Billion: Details

By Amit Chowdhry ● Feb 9, 2024

Owens Corning (a leader in global building and construction materials) and Masonite International (a leading global provider of interior and exterior doors and door systems) announced they have entered into a definitive agreement under which Owens Corning will acquire all outstanding shares of Masonite for $133 per share in cash, representing an approximate 38% premium to Masonite’s closing share price on February 8, 2024 and an approximate 46% premium to Masonite’s 20-day volume-weighted average price.

Partners Capital Investment Group Raises Minority Investment From General Atlantic

By Amit Chowdhry ● Feb 9, 2024

Partners Capital Investment Group (a global Outsourced Investment Office) announced a minority investment from General Atlantic. The investment funds managed by General Atlantic are establishing this minority position by buying a portion of the equity currently held by Partners Capital’s longstanding external shareholders and some of the founding generation partners.

Why Virtusa Is Buying BRIGHT

By Annie Baker ● Feb 9, 2024

Virtusa (a global provider of digital strategy, digital engineering, and IT services) announced an expansion to its business solutions portfolio through the acquisition of BRIGHT, one of the largest elite partners to ServiceNow and Splunk in EMEA. This deal will enable Virtusa to deliver business solutions to its existing customer base and expand its European presence.

Vehicle Wrap Company Wrapmate Raises $16 Million From JettyCove

By Dan Anderson ● Feb 9, 2024

Wrapmate has announced a successful capital investment by JettyCove, a private equity firm focused on software and tech-enabled companies. This $16 million investment will accelerate Wrapmate's product offerings by introducing progressive customer experiences, growing its national network of 2,000+ vehicle wrap installers, and expanding its portfolio companies through additional successful acquisitions (most recently, Wrapify).

Unlearn: $50 Million Raised To Create Digital Twins Of Clinical Trial Participants

By Amit Chowdhry ● Feb 9, 2024

Unlearn - an AI company creating digital twins of clinical trial participants that enable smaller and faster studies - announced a $50 million Series C round led by Altimeter Capital, joined by returning investors Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary Venture Capital. This funding round was secured to propel the company’s mission to advance AI to eliminate trial and error in medicine by investing in its people, data, engineering capabilities, and longer-term R&D initiatives.

Truflation: Independent Inflation Data Provider Closes $6 Million In Funding

By Annie Baker ● Feb 9, 2024

Independent inflation data provider Truflation announced it completed its latest investment round, raising $6 million from distinguished investors, including Laser Digital and Red Beard Ventures. The list of VCs taking part in this funding round also includes Modular Capital and Four Seasons Ventures (4SV), along with existing investors Chainlink, Fundamental Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Association. This funding round saw the Base Ecosystem Fund, managed by Coinbase Ventures, select Truflation among its first cohort from a shortlist of more than 800 applications.

Headlight: Mental Health Practice Company Secures $18 Million

By Amit Chowdhry ● Feb 9, 2024

Headlight (a tech-forward mental health practice committed to offering patients convenience and a simplified care journey) announced $18 million in new venture funding led by Matrix and EPIC Ventures. This funding round will help the company expand into additional states and add hundreds of new licensed therapists to its team by 2025.

SOMA Global Raises Majority Investment From Greater Sum Ventures

By Annie Baker ● Feb 9, 2024

Entrepreneurial family office and growth equity firm Greater Sum Ventures (GSV) announced its majority investment in SOMA Global, a major player in the cloud-native public safety software solutions space. And the investment follows on GSV’s recent acquisition of Utility, signaling a new advancement in integrated technology solutions for law enforcement and first responders.

Perspective Financial Group Raises Funding From Charlesbank Capital Partners

By Amit Chowdhry ● Feb 9, 2024

Perspective Financial Group has welcomed a new lead private equity investor, Charlesbank Capital Partners - who will succeed its current private equity investor, CBPE Capital LLP. Charlesbank is a US-based firm in Boston that originally oversaw private equity investments inside the Harvard University endowment and became independent in 1998. The management team will remain a significant shareholder alongside Charlesbank.

Teamfront: Business Management Software Company Secures Funding From Mainsail Partners

By Noah Long ● Feb 9, 2024

Teamfront (a leading provider of business management software, payments solutions, and services with diverse business lines, including over 3,000 customers and $2.2 billion in invoicing volume) announced a growth investment from Mainsail Partners. While the specific financial details remain confidential, this investment enables Teamfront to embark on its next expansion phase, aiming to strengthen its market presence through organic growth and strategic acquisitions to broaden its business lines across multiple verticals.

LimaCharlie: Security Operations Cloud Platform Company Raises $10.2 Million

By Annie Baker ● Feb 9, 2024

LimaCharlie - the creator of the first-ever Security Operations (SecOps) Cloud Platform - announced a $10.2 million Series A investment round led by Sands Capital with follow-on from new and previous investors, including CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, StoneMill Ventures, and Strategic Cyber Ventures.

Humble Bundle Has Now Raised Over $250 Million In Charitable Donations

By Amit Chowdhry ● Feb 9, 2024

Humble Bundle (a digital retailer with a goal) to be a force for good in the world announced it has surpassed a momentous milestone: raising over $250 million for charities worldwide, together with its global community of game, book, and software lovers, by directing a portion of nearly every sale to a variety of worthy causes.