Archives

Anaergia Closes First Tranche Of Strategic Investment

By Noah Long ● Feb 3, 2024

Anaergia - a global renewable fuels leader - announced that the first tranche of the previously announced equity investment of C$40.8 million from Marny Investissement SA has closed with the issuance of 31.25 million units of the company for gross proceeds of C$12.5 million, immediately following entry by the parties into an amendment agreement.

Pivot Bio And Iowa State University Partnering On Center For Sustainable Agriculture

By Amit Chowdhry ● Feb 3, 2024

Sustainable agriculture company Pivot Bio opened its new 36,000-square-foot Customer Success Center in the heart of the Iowa State University Research Park this week. And this facility underscores the company's commitment to developing microbial nitrogen solutions that allow farmers to reduce their reliance on synthetic fertilizers.

Why BAE Systems Is Buying Malloy Aeronautics

By Annie Baker ● Feb 3, 2024

BAE Systems announced it is buying Malloy Aeronautics, a leading company in innovative heavy-lift drone and aeronautical technologies. And Malloy Aeronautics designs and supplies all-electric uncrewed aerial systems (UAS) to civil and military customers. And its range of uncrewed, heavy-lift quadcopters can lift payloads from 68kg to 300kg over short to medium-range missions.

Steinbridge Group Investing About $40 Million In Virginia Union University

By Amit Chowdhry ● Feb 3, 2024

Virginia Union University announced that impact investing firm Steinbridge Group will invest about $40 million to enable Virginia Union to unlock the value of its 100-acre real estate holdings in Richmond’s North Side. This investment will empower the University to develop underutilized parcels of land for commercial and residential uses.

Second Avenue Capital Providing Brixton With New $15 Million Credit Facility

By Annie Baker ● Feb 3, 2024

Schottenstein affiliate Second Avenue Capital Partners (SACP) (a leading provider of asset-based loans and credit facilities) announced it has closed on a new $15 million senior secured credit facility for Brixton, an omnichannel global lifestyle brand based in Oceanside, California. This credit facility will be instrumental in optimizing Brixton's working capital and fueling its continued growth in the competitive fashion industry.

Why Guardian Capital Is Buying Sterling Capital Management

By Noah Long ● Feb 3, 2024

Guardian Capital Group Limited announced that it has agreed that Guardian’s wholly-owned subsidiary, Guardian Capital LLC, will acquire Sterling Capital Management from Truist Financial Corporation. Based in Charlotte, North Carolina, Sterling traces its origins as an independent investment manager to 1970.

Cohere Health: Clinical Intelligence And Prior Authorization Automation Company Raises $50 Million

By Amit Chowdhry ● Feb 2, 2024

Cohere Health - a leader in clinical intelligence and prior authorization automation - announced it has closed $50 million in additional equity funding. The funding round was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brought the total raised by Cohere to $106 million. This latest funding round will drive the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform.

The Parking Spot Raises $750 Million Debt Financing From Carlyle

By Amit Chowdhry ● Feb 2, 2024

Global investment firm Carlyle announced the closing of a $750 million senior secured debt financing for The Parking Spot, which is the largest near-airport parking company in the United States. And the facility will support the refinancing of existing debt associated with a subset of The Parking Spot’s portfolio consisting of 28 near-airport parking facilities across 18 major US airports in 13 states. Carlyle also served as the sole manager, structuring agent, and ratings advisor for the transaction.

CARPL: Enterprise Imaging AI Marketplace Platform Raises $6 Million

By Annie Baker ● Feb 2, 2024

CARPL - an enterprise imaging AI marketplace platform - has announced a $6 million funding round to enable healthcare providers to access, assess and integrate these radiology AI applications into their clinical workflows through a single user-interface, single data channel and single procurement system.

Why Valsoft Is Buying Easy Employer

By Noah Long ● Feb 2, 2024

Valsoft Corporation - a Canadian company specializing in acquiring and developing vertical market software businesses - announced the acquisition of Easy Employer. This industry leader company offers staff management, time and attendance, rostering, timesheet management, payroll, and award interpretation solutions across several industries in Australia and internationally.

Avation Medical: Neuromodulation And Digital Health Company Raises $22 Million

By Annie Baker ● Feb 2, 2024

Avation Medical - an innovative neuromodulation and digital health company with a goal to make wearable peripheral neuromodulation accessible to patients across a variety of clinical conditions - announced over $22 million in equity financing in its oversubscribed Series C round, led by new investors ShangBay Capital and Asahi Kasei, which included Angelini Ventures, JobsOhio Growth Capital Fund, and others. Additional investments were also provided by Arboretum Ventures, Tonkawa, Medtronic, and Avestria Ventures. The funding in the round (which remains open) will be used for the U.S. launch of the company's Vivally System.

Why Shutterstock Is Buying Backgrid

By Annie Baker ● Feb 2, 2024

Shutterstock - a leading global creative platform connecting brands and businesses to high-quality content - announced the acquisition of Backgrid (a global premier destination for celebrity news), which has supplied top media organizations with real-time content from the world's top photographers for over three decades. With this acquisition, Shutterstock will expand its archive with an additional 30 million+ images and videos across celebrity, red carpet, and live events and add more than 1,400 contributors to its industry-leading global photographer network.

DataSnipper: Intelligent Automation Finance Platform Raises $100 Million At $1 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

DataSnipper - a leading intelligent automation platform for audit and finance professionals - announced it had raised a $100 million Series B, led by Index Ventures, at a valuation of $1 billion. This solidifies the company’s goal to empower auditors with AI after a record year of doubling its customer base and revenue. The Series B funding round follows an investment by Insight Partners in September 2022.

SPR Therapeutics: $85 Million Raised To Drive Rapid Commercial Expansion Of SPRINT PNS System

By Noah Long ● Feb 2, 2024

SPR Therapeutics - a private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain - announced it has secured $85 million in financing, including $25 million in Series D-1 insider equity and a $60 million debt facility.

Ease Capital: $32 Million In Bridge Financing Raised To Acquire Multifamily Property In Virginia Beach

By Dan Anderson ● Feb 2, 2024

Ease Capital announced it had provided Community Investment Group (CIG) with $32 million in acquisition financing for purchasing and renovating Dove Landing Apartments, a 318-unit garden-style multifamily complex located in Virginia Beach, VA.

Rise Growth Partners: $250 Million Commitment Raised From Charlesbank Capital Partners

By Annie Baker ● Feb 2, 2024

Rise Growth Partners - the wealth management industry’s first synergistic financial partner for growth-oriented and registered investment advisors (RIAs) - announced a $250 million commitment from Charlesbank Capital Partners, a middle-market private investment firm with offices in Boston and New York.

Eggscape Entertainment Closes $4.25 Million In Funding To Develop Mixed Reality Social Games

By Dan Anderson ● Feb 2, 2024

Eggscape Entertainment - a new game studio focused on creating social games for mixed reality - announced the completion of a seed round of $4.25 million led by Transcend Fund, with participation from The Venture Reality Fund and strategic angel investor Lautaro Brunatti.

Perelel: Female OB/GYN-Founded Vitamin Company Secures $6 Million

By Annie Baker ● Feb 2, 2024

Perelel - the first and only female OB/GYN-founded vitamin company offering clean and targeted nutrition for various distinct stages of a woman's hormonal journey - announced the completion of a $6 million Series A financing round, led by Unilever Ventures, Willow Growth, and Selva Ventures. The company has now raised $12.1 million in funding to fuel its mission of advancing the future of women's reproductive care.

gamma. Raises Funding From Alpha Wave Global

By Annie Baker ● Feb 2, 2024

gamma. - the artist-first multimedia platform providing creative and business services across all artistic and commercial formats - announced that Alpha Wave Global has joined the company as a strategic partner and investor, contributing additional capital to accelerate gamma.’s innovation and expansion.

Why Montrose Environmental Is Buying Epic Environmental

By Dan Anderson ● Feb 2, 2024

Montrose Environmental Group - a high-growth global environmental services company - announced the acquisition of Epic Environmental Pty Ltd, a leading environmental consultancy in Australia. Epic Environmental’s senior leadership team, including founders Mark Breitfuss and Brad May, will join Montrose’s Consulting and Engineering division, which reports to the company’s Remediation and Reuse segment. The terms of the transaction were not disclosed.

Golding Capital Partners: First Closing Of €360 Million Fund Completed

By Amit Chowdhry ● Feb 2, 2024

Golding Capital Partners - one of Europe's leading independent asset managers for alternative investments - announced the first closing in December 2023 of its flagship infrastructure fund of funds, Golding Infrastructure 2022. This fifth-generation fund again met with great interest from investors and held its first close with capital commitments of €360 million in a demanding environment.

LightBeam: Zero Trust Data Protection Company Secures $17.8 Million

By Annie Baker ● Feb 2, 2024

LightBeam.ai - a zero trust data protection pioneer converging data security, privacy, and AI governance - announced that it has raised $17.8 million in an oversubscribed Series A round funding. The new funding round will enable LightBeam to expand its go-to-market initiatives across sales, marketing, channels, and alliances and continue investing in its vision of converging data security, privacy, and AI governance into a single platform.

Atwell: $200 Million Senior Credit Facility Entered With Lending Group Led By BofA

By Amit Chowdhry ● Feb 2, 2024

Atwell - a leading consulting, engineering, and construction services firm - announced that it had secured a $200 million senior credit facility with a lending group led by Bank of America. The lending group also included U.S. Bank, TD Bank, and Old National Bank.

Why Instinct Science Is Buying VetMedux

By Annie Baker ● Feb 2, 2024

Instinct Science - a leading software provider for veterinary hospitals - announced that it has acquired VetMedux, a trusted education and point-of-care information company that owns Clinician's Brief and Plumb’s Veterinary Drugs. In buying VetMedux, Instinct strengthens its commitment to delivering the mission-critical tools veterinary practices need to care for their patients at the highest level and with the best outcomes.

Zero Knowledge Proof Company Axiom Raises $20 Million

By Amit Chowdhry ● Feb 2, 2024

Zero knowledge proof startup Axiom announced it has raised $20 million in Series A funding co-led by Paradigm and Standard Crypto. The company - which is know as the first ZKP co-processor for Ethereum - gives smart contract developers cheaper and more efficient access to data on-chain.

Watershed: Enterprise Sustainability Platform Company Raises $100 Million At $1.8 Billion Valuation

By Amit Chowdhry ● Feb 2, 2024

Watershed - a leading enterprise sustainability platform - announced a $100 million Series C funding round at a $1.8 billion valuation. The funding was led by Greenoaks, with participation from existing investors, including Kleiner Perkins, Sequoia Capital, Elad Gil, Emerson Collective, Galvanize Climate Solutions, Neo, and others. And with this new funding round, Watershed will continue powering best-in-class climate programs at the world’s leading companies while redoubling its investment in Europe.

ESG Flo: How This Company Simplifies ESG Reporting And Compliance

By Amit Chowdhry ● Feb 2, 2024

ESG Flo is an ESG compliance platform that utilizes artificial intelligence to automate the collection and transformation of data into audit-ready metrics. Pulse 2.0 interviewed ESG Flo CEO and founder Patrick Obeid to learn more about the company.

Why Worthington Enterprises Is Buying A Stake In HALO Products

By Noah Long ● Feb 2, 2024

Worthington Enterprises - a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives - announced it is adding HALO-branded pizza ovens, pellet grills, griddles and accessories to its portfolio of outdoor living products.

Jack Altman’s Alt Capital Closes $150 Million Fund

By Amit Chowdhry ● Feb 2, 2024

Jack Altman, the Chairman and co-founder of Lattice, announced that he closed a $150 million fund for his new venture capital firm called Alt Capital. Alt Capital has a mission to back early-stage founders.

StreamAlive: Live Session Audience Engagement Platform Company Secures $1.58 Million

By Annie Baker ● Feb 1, 2024

StreamAlive - a leading audience engagement platform for live sessions - announced a $1.58 million pre-seed investment from Speciale Invest, an early-stage venture capital firm focused on deep tech. And Venkat Viswanathan, founder and Chairman of LatentView Analytics, Shar Dubey, former CEO of Match Group, Foster Ventures, and other seasoned executives also participated in the round. The existing investors include three professors from MIT's computer science department, the Neon fund, and executives and unicorn founders.