Archives

Furno Materials Raises Funding From O’Shaughnessy Ventures

By Noah Long ● Feb 5, 2024

O'Shaughnessy Ventures LLC (a family office that invests in ambitious seed and pre-seed startups) announced that it has invested in Furno Materials. Launched in 2020 by Gurinder Nagra, Furno is building modular cement plants that are more carbon-efficient, cheaper to build, and less space-intensive than traditional plants.

Kin: D2C Home Insurance Company Raises $15 Million At Over $1 Billion Valuation

By Annie Baker ● Feb 5, 2024

Kin - a pioneering digital direct-to-consumer (D2C) home insurance company - announced the closing of $15 million in financing from new investor Activate Capital, a growth-stage VC firm focused on the sustainable, resilient transformation of the global economy.

Why Thoma Bravo Is Buying Everbridge For $1.5 Billion

By Amit Chowdhry ● Feb 5, 2024

Everbridge (a global leader in critical event management) and national public warning solutions announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash deal valuing Everbridge at approximately $1.5 billion.

Nauticus Robotics: Subsea Robot And Software Company Secures $12 Million In Funding

By Noah Long ● Feb 5, 2024

Nauticus Robotics - a leading developer of subsea robots and software - announced it raised over $12 million in funding. This was part of a second tranche of investment.

Why Elanco Is Selling Its Aqua Business For $1.3 Billion

By Amit Chowdhry ● Feb 5, 2024

Elanco Animal Health announced it has agreed to sell its aqua business to Merck Animal Health for about $1.3 billion in cash, representing around 7.4 times the estimated 2023 revenue of the Elanco aqua business.

Why Dream Finders Homes Is Buying The Assets Of Crescent Homes

By Dan Anderson ● Feb 5, 2024

Dream Finders Homes announced that it has acquired the core homebuilding assets of privately held homebuilder Crescent Ventures. This acquisition will enhance Dream Finders' geographic footprint and allow Dream Finders to expand into Charleston and Greenville, South Carolina, and Nashville, Tennessee markets. The assets acquired include 457 homesites in varying stages of construction, a sales order backlog of approximately 460 homes with a value over $265 million, and about 6,200 lots under control.

Nibiru Chain: Layer 1 Blockchain And Smart Contract Ecosystem Closes $12 Million

By Annie Baker ● Feb 5, 2024

Nibiru Chain - a general-purpose layer 1 blockchain - announced it has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious growth phase. And venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

Cross River’s Principal Finance Group Closed $825 Million In 2023 Capital Commitments

By Amit Chowdhry ● Feb 5, 2024

Cross River Bank (a technology infrastructure provider that offers embedded financial solutions) announced that its Principal Finance Group closed $825 million of capital commitments in 2023.

OpenGate Capital Completes The Deal For Player One Amusement Group For C$155 Million

By Dan Anderson ● Feb 5, 2024

OpenGate Capital has completed its acquisition of Player One Amusement Group (P1AG) from Cineplex, Canada’s leading entertainment and media company. And OpenGate acquired all issued and outstanding common shares of P1AG for a total transaction value of CAD $155 million.

ProducePay: Agtech Company Raises $38 Million

By Amit Chowdhry ● Feb 5, 2024

ProducePay - an agtech company recognized as the World Economic Forum’s newest Unicorn Innovators for its transformational work strengthening the fresh produce supply chain - announced $38 million in Series D financing.

Banner Ridge Partners: Strategic Growth Investment Raised From Strategic Capital Group

By Annie Baker ● Feb 5, 2024

Banner Ridge Partners - a $7.3 billion private markets investment specialist - announced that Investcorp’s Strategic Capital Group (ISCG) made a growth investment in the Firm. The financial terms of the transaction were not disclosed.

Procyrion Raises $57.7 Million To Improve Outcomes For Patients With Cardiac Impairment

By Amit Chowdhry ● Feb 5, 2024

Procyrion - a medical device company dedicated to improving outcomes for patients with cardiac and renal impairment - announced the completion of a $57.7 million Series E funding round, including the conversion of $10 million of interim financing.

Baker Tilly: Strategic Investment Led by Hellman & Friedman

By Amit Chowdhry ● Feb 5, 2024

CPA firm Baker Tilly US, LLP announced a strategic investment from private equity firms Hellman & Friedman (H&F) and Valeas Capital Partners. This investment - which is estimated to close in early June 2024 - recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the US CPA sector to date.

Arthur J. Gallagher Buys The John Galt Insurance Agency: Details

By Annie Baker ● Feb 5, 2024

Arthur J. Gallagher & Co. has announced the acquisition of Fort Lauderdale, Florida-based John Galt Commercial Insurance Agency and John Galt Insurance Agency (collectively referred to as The John Galt Insurance Agency). The terms of the deal were not disclosed.

StatusPRO: Sports Tech And Gaming Company Raises $20 Million In Round Led By GV

By Amit Chowdhry ● Feb 5, 2024

StatusPRO - a sports technology and gaming company that uses real-time player data to create authentic extended reality experiences - announced $20 million in new funding, one of the largest Series A of any VR gaming company to date, led by GV (Google Ventures).

Why Autodesk Is Buying PIX Of X2X

By Noah Long ● Feb 5, 2024

Autodesk recently announced it has agreed to acquire the PIX business of X2X. PIX is a production management platform for secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process.

Vektor Medical: AI-Based Arrhythmia Analysis Technology Company Raises $16 Million

By Annie Baker ● Feb 5, 2024

Vektor MedicalVektor Medical - a pioneer in non-invasive and AI-based arrhythmia analysis technology - announced a $16 million Series A investment co-led by Solas BioVentures and TVM Capital Life Science. This funding round underscores investor confidence in Vektor’s vision to execute its mission to revolutionize arrhythmia care successfully.

Navigate: How This Company Is Building More Intelligent Maps

By Amit Chowdhry ● Feb 5, 2024

Navigate is a company that is building an intelligent map that will offer everyone better data faster. Pulse 2.0 interviewed Navigate AI and Blockchain Specialist to learn more about the company.

Pickle: How This Company Helps People Make Money From Items In Their Closet

By Amit Chowdhry ● Feb 5, 2024

Pickle is a leading peer-to-peer rental marketplace, making items from your community’s closets available for rent on demand. Pulse 2.0 interviewed Pickle co-founder and CEO Brian McMahon to learn more about the company.

Rite Aid Completes The Sale Of Elixir Solutions To MedImpact For About $576.5 Million

By Annie Baker ● Feb 5, 2024

Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for about $576.5 million.

Rivia Health: Healthcare Revenue Cycle Management Company Raises $3.25 Million

By Annie Baker ● Feb 5, 2024

Rivia Health (a revenue cycle management solution for healthcare provider organizations) announced a $3.25 million Series Seed funding round led by PHX Ventures. The new funding round will be used to expand Rivia Health's patient payment solution and enter new markets across the country.

Why Acerinox Is Buying Haynes International For $970 Million

By Noah Long ● Feb 5, 2024

Acerinox (a leading global company in the manufacturing and distribution of stainless steel and high-performance alloys) announced that it has entered into a definitive agreement under which Acerinox’s wholly-owned U.S. subsidiary – North American Stainless (NAS) will acquire Haynes International, a U.S. leading developer, manufacturer, and marketer of technologically advanced high-performance alloys, in an all-cash transaction.

AnswerRocket: How This Company Helps Businesses Uncover Insights From Enterprise Data

By Amit Chowdhry ● Feb 5, 2024

AnswerRocket is a Gen AI analytics platform that helps business users uncover insights from their enterprise data. Pulse 2.0 interviewed AnswerRocket co-founder Mike Finley to learn more about the company.

Novo Holdings Buying Catalent In A $16.5 Billion Deal

By Amit Chowdhry ● Feb 5, 2024

Catalent (a leader in enabling the development and supply of better treatments for patients worldwide) and Novo Holdings (a holding and investment company that is responsible for managing the assets and wealth of the Novo Nordisk Foundation) announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis.

Styra: How This Company Is Building Policy As Code For Cloud Native Security

By Amit Chowdhry ● Feb 5, 2024

Styra is a company that has built policy as code for cloud-native security from the creators and maintainers of Open Policy Agent (OPA). Pulse 2.0 interviewed Styra co-founder and CTO Tim Hinrichs to learn more about the company.

p0 Emerges From Stealth With $6.5 Million In Funding

By Amit Chowdhry ● Feb 3, 2024

p0 recently launched from stealth and announced that it has raised $6.5 million from Lightspeed Venture Partners with participation from Alchemy Ventures to help stop catastrophic software failures.

Meteomatics Raises Strategic Investment From Lockheed Martin Ventures

By Amit Chowdhry ● Feb 3, 2024

Weather intelligence and technology company Meteomatics enables the world’s leading companies to forecast the weather’s impact on business accurately and the company announced the closing of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation.

MYAVANA: Partnership With Ulta Beauty And Strategic Investment From Prisma And BrainTrust

By Noah Long ● Feb 3, 2024

MYAVANA - a beauty-tech company founded by black female tech entrepreneur Candace Mitchell Harris - announced a new experiential partnership with Ulta Beauty, with strategic investments from Prisma Ventures, the beauty retailer's digital innovation fund, and the BrainTrust Fund.

Harbor: Infant Care Technology Company Raises $3.7 Million

By Amit Chowdhry ● Feb 3, 2024

Harbor - a company in infant care technology - announced the completion of a $3.7 million seed round led by Trust Ventures joined by Morrison Seger and Capital Factory. This funding round follows Trust Ventures pre-seed investment in September 2022.

Hildene Capital: $318.4 Million Non-QM Loan Securitization Closed

By Amit Chowdhry ● Feb 3, 2024

Hildene Capital Management, LLC - a $14.7 billion credit-focused asset manager - announced the completion of CROSS 2024-H1, a $318.4 million securitization backed by non-qualified residential mortgage (non-QM) loans originated by CrossCountry Mortgage (CCM), one of the largest retail residential mortgage originators in the U.S.