Archives

Subscribili Raises $4.3 Million In Seed Funding To Transform The Dental Care Industry

By Dan Anderson ● Feb 7, 2024

Subscribili (a pioneer in subscription-based healthcare) announced it has secured a significant $4.3 million in seed funding. This funding round - which was led by Darby Group Companies and supported by Vyne Dental - is also backed by other notable figures in the dental and technology industries. They include Gokul Rajaram, a distinguished board member of Pinterest and Coinbase, and Krishna Raj Raja, the founder of Support Logic. This funding heralds a new era of accessibility and innovation in dental care.

ZEDEDA: Edge Management And Orchestration Company Raises $72 Million

By Amit Chowdhry ● Feb 7, 2024

ZEDEDA - a leader in edge management and orchestration - announced the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block.

Branching Minds Raises Growth Investment From Bain Capital Double Impact

By Amit Chowdhry ● Feb 7, 2024

Branching Minds (a pioneering innovator in education technology) announced it received a growth investment from Bain Capital Double Impact, a leading social impact investor. And this new partnership will enable Branching Minds to enhance K-12 student outcomes nationwide by equipping educators with a novel, data-driven software platform that addresses individual learning needs.

Shepherd: Commercial Construction Insurance Tech Company Raises $13.5 Million

By Annie Baker ● Feb 7, 2024

Shepherd (an insurance tech platform for commercial construction) announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with participation from Intact Ventures, Era Ventures, Greenlight Re, and Spark Capital. And Shepherd combines insurance with software to help contractors save on premiums.

Why MSCI Is Buying Foxberry

By Annie Baker ● Feb 7, 2024

MSCI (a leading provider of mission-critical decision support tools and services for the global investment community) announced it has signed a purchase agreement to acquire Foxberry, a London-based provider of front-office index technology for investors. Foxberry was founded in 2014 with the goal of building and delivering investment solutions that are driven by technology, account for a specific set of criteria, and increase the value-add for end-users.

Riverside Acceleration Capital Closes RAC Opportunity Fund II At $235 Million

By Amit Chowdhry ● Feb 7, 2024

The Riverside Company (a global private investment firm that has been seeking to fuel transformative growth for business owners and portfolio companies since 1988) held a successful final closing of its Riverside Acceleration Capital Opportunity Fund II, L.P. (RAC Opportunity Fund II), raising $235 million in capital commitments. And with the closing of this fund, RAC has increased its growth equity investment capacity by more than four times.

Coalesce Capital: Oversubscribed $900 Million Inaugural Fund Closed

By Amit Chowdhry ● Feb 7, 2024

Coalesce Capital (a private equity firm investing in human capital-driven and technology-enabled services companies) announced the closing of its inaugural fund Coalesce Capital Fund I LP and parallel vehicles with $900 million in total capital commitments. And the Fund was oversubscribed and secured investor commitments in nine months, above its original target of $750 million. Coalesce now has about $1 billion in regulatory assets under management (AUM).

Polycam: 3D Creation Company Closes $18 Million In Funding

By Annie Baker ● Feb 7, 2024

Polycam (a leading 3D creation tool for iPhone and Android) has announced an $18 million Series A led by Left Lane Capital and Adjacent with participation by Adobe Ventures and a stellar group of angel investors including Chad Hurley (YouTube), Shaun Maguire (Sequoia), Julien Chaumond (HuggingFace) and Barry McCardel (Hex). Using computer vision and AI, Polycam is building powerful 3D creation and editing tools that enable anyone to make photorealistic 3D assets easily.

Overflow: $20 Million Raised To Develop Solutions For Church And Nonprofit Finance Teams

By Amit Chowdhry ● Feb 7, 2024

Overflow - a company redefining generosity through innovative financial solutions - announced the successful closure of its $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round, and existing investors, including Uncork, R7, and TheGP joined them.

Platform Accounting Group Raises $85 Million In Round Led By Cynosure Group

By Amit Chowdhry ● Feb 7, 2024

Platform Accounting Group announced the close of an $85 million minority funding round led by Cynosure Group. There was also continued participation and support from early investors Swell Capital and Peery Capital.

Mesh: Professional License Verification Company Raises $5.7 Million

By Annie Baker ● Feb 7, 2024

Mesh - a modern provider of real-time professional license verification trusted by leading marketplaces - announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance.

Groundfloor Reveals 2023 Results: $1.3 Billion In Retail Investments And $1.1 Billion In Investor Repayments

By Amit Chowdhry ● Feb 7, 2024

Groundfloor - an award-winning alternative investment platform with over $1 billion in investment and repayment volume - announced another year of growth and innovation.

Disney To Buy $1.5 Billion Stake In Fortnite Creator Epic Games

By Amit Chowdhry ● Feb 7, 2024

The Walt Disney Company and Epic Games are collaborating on an all-new games and entertainment universe that will further expand the reach of Disney stories and experiences. And Disney will also invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. The deal is subject to customary closing conditions, including regulatory approvals.

Morgan Stanley Inclusive Ventures Lab Hosts Demo Day With 23 Companies

By Amit Chowdhry ● Feb 7, 2024

Morgan Stanley is hosting its largest global Demo Day, with 23 participating companies from North America, Europe, the Middle East, and Africa (EMEA). The cohort companies will pitch over 300 investors, potential business partners, and customers.

Gaming And Leisure Properties Buys Real Estate Assets Of Tioga Downs Casino Resort For $175 Million

By Annie Baker ● Feb 7, 2024

Gaming and Leisure Properties announced that it acquired the real estate assets of Tioga Downs Casino Resort in Nichols, NY from American Racing & Entertainment for $175 million. Simultaneous with the deal, GLPI and American Racing entered into a triple-net master lease agreement for an initial 30-year term.

Security Compass Buys Kontra From ThriveDX: Details

By Dan Anderson ● Feb 7, 2024

Security Compass has announced the acquisition of application security training software provider Kontra from ThriveDX, the global leader in cyber training and talent development. And this acquisition marks a pivotal step forward in Security Compass’s ongoing mission to empower businesses with application security solutions centered on a Security by Design approach.

GAGE: Employee Recognition Enterprise Platform Company Raises Seed Funding

By Noah Long ● Feb 7, 2024

GAGE announced that it secured seed funding from Eagle Venture Fund and a group of angel investors. GAGE is a platform and mobile app designed to “Build a Better Workforce” with a new approach to employee engagement, recognition, and performance management.

Device Authority: Identity And Access Management Company Secures $7 Million

By Annie Baker ● Feb 7, 2024

Device Authority - a global leader in Identity and Access Management for Enterprise IoT ecosystems - announced $7 million in Series A funding from Ten Eleven Ventures. This investment follows Device Authority’s launch of the company’s new KeyScaler AI solution.

CSW Industrials Deploys Over $30 Million To Execute Acquisition Strategy

By Noah Long ● Feb 7, 2024

CSW Industrials announced the strategic deployment of $30.3 million, excluding future earn-outs, upon completing the acquisitions of Dust Free, LP, Guardian Drain Lock, and Sure Grade Drain.

Wellplaece: Helping Dental Practices Maximize Efficiency And Productivity

By Amit Chowdhry ● Feb 7, 2024

Wellplaece is a new and smarter way for dental service organizations (DSOs), groups, and single practices to procure and purchase supplies. Wellplaece drives impactful cost savings and requires little or no change management to use. Pulse 2.0 interviewed Wellplaece COO Garrett Goldberg to learn more about the company.

3 Boomerang Capital Closes Flagship PE Fund At Over $375 Million

By Amit Chowdhry ● Feb 7, 2024

3 Boomerang Capital (3BC) - a lower middle-market healthcare-focused private equity firm - announced that it has completed fundraising for its flagship private equity fund, 3 Boomerang Capital I, LP.

California Resources Buying Aera In A $2.1 Billion Deal: Details

By Noah Long ● Feb 7, 2024

California Resources (CRC) announced today it would buy Aera Energy in a deal valuing the company at $2.1 billion. This deal would enable the combined companies to double their production.

Aztec Software Acquires Financial Fitness Group: Details

By Annie Baker ● Feb 7, 2024

Aztec Software (an educational software company focused on helping adults make generational change through academic upskilling, workforce, and job-specific certification preparation, and wealth management and financial literacy programming) announced that it has acquired Financial Fitness Group (FFG), a provider of industry-leading interactive financial wellness solutions.

Rain: Financial Wellness Platform Raises $300 Million From Clear Haven Capital Management

By Amit Chowdhry ● Feb 7, 2024

Rain - a financial wellness platform that helps companies give employees greater control over their finances - announced it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding round, Rain now has more capital to service its growing customer base, allowing it to provide employees with an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.

IONIX: Attack Surface Management Company Raises $42 Million

By Amit Chowdhry ● Feb 7, 2024

IONIX - a leader in Attack Surface Management (ASM) - announced it has completed its $42 million A Round funding by securing $15 million in additional funding from new investors Maor Investments along with participation from existing investors Hyperwise Ventures, Team8 and U.S. Venture Partners (USVP). The total funding to date is $50.3 million. In addition, cyber veteran Chad Kinzelberg will be joining IONIX’s Board of Directors.

Why Lockmasters Is Buying JLM Wholesale

By Annie Baker ● Feb 7, 2024

Lockmasters (a portfolio company of Dominus Capital, L.P.) announced it acquired JLM Wholesale. JLM is a leading specialty wholesale distributor of commercial door hardware and security solutions.

PineBridge’s Private Credit Team Closes $1.7 Billion Of Capital

By Amit Chowdhry ● Feb 7, 2024

PineBridge Investments - a private global asset manager focused on active and high-conviction investing - announced the final close of PineBridge Private Credit III as of 30 January 2024 as part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the Private Credit team raised $1.7 billion of capital in Fund III, above its target size of $1 billion. This latest closing brings the total Private Credit platform to $5 billion.

GigaStar: $3 Million Raised To Help YouTube Creators Raise Capital

By Dan Anderson ● Feb 7, 2024

GigaStar - a startup that fuels human creativity - announced the completion of an additional $3 million investment round. GigaStar provides YouTube Creators with a streamlined way to raise capital by monetizing potential future revenue.

finally: AI-Based Accounting And Finance Platform Company Raises $10 Million

By Annie Baker ● Feb 7, 2024

finally - a fintech startup helping businesses automate their accounting and finance functions - announced it raised $10 million in new capital to continue hiring and expand its suite of solutions to SMBs. PeakSpan Capital led the funding round with participation from Active Capital.

nference Signs Multi-Year Licensing Deal With The Bill & Melinda Gates Foundation

By Amit Chowdhry ● Feb 7, 2024

nference (a company dedicated to transforming healthcare by making biomedical data computable) announced a multi-year licensing agreement with the Bill & Melinda Gates Foundation. This collaboration provides the Gates Foundation access to nference's nSights platform, where researchers can access a repository of extensive clinical data and expertise from top-ranked medical institutions.