Archives

Nirvana Insurance: $57 Million Secured To Expand Commercial Insurance Platform

By Dan Anderson ● Oct 24, 2023

Nirvana Insurance - a provider of modern insurance for physical operations - recently announced a $57 million Series B funding round. Lightspeed Venture Partners reaffirmed its commitment to Nirvana by returning to lead the round, with additional participation from General Catalyst and Valor Equity Partners. This new funding round positions Nirvana to continue helping fleets utilize their IoT and sensor data to access insurance cost savings and customized risk management solutions.

VedaBio: Molecular Detection Company Raises Over $40 Million In Funding

By Annie Baker ● Oct 24, 2023

VedaBio - a biotechnology company focused on molecular detection - recently launched with over $40 million in funding backed by lead investor OMX Ventures and a select group of family offices, including Kleinmuntz Associates. VedaBio also unlocked the true power of CRISPR for molecular detection by developing the CRISPR Cascade, a revolutionary platform born from the intersection of engineering and biology.

Nova Credit: Data Analytics Company Closes $45 Million In Funding

By Dan Anderson ● Oct 24, 2023

Nova Credit - a data analytics company enabling businesses to grow responsibly by utilizing alternative credit data - recently announced it raised $45 million in Series C funding. This funding round helps Nova Credit to further broaden its product offering beyond cross-border credit reporting and scale Cash Atlas, the industry’s leading solution for cash flow underwriting and verification of income and employment. This expansion enables the company’s partners to grow within risk appetite by incorporating an expanded suite of open finance data pipelines, unique datasets, and category-defining analytics and compliance applications.

PDQ: Significant Investment Received From Berkshire Partners

By Annie Baker ● Oct 24, 2023

PDQ, a leading IT asset management software provider, recently announced a significant growth investment from Berkshire Partners. And Berkshire Partners with PDQ’s founders, executive management, and existing investor TA Associates (TA) will seek to bolster PDQ’s innovation capabilities as PDQ strategically expands its easier-to-use IT asset management and scanning software solutions portfolio. The financial terms of the transaction were not disclosed.

Nucleus RadioPharma Raises $56 Million To Advance Radiopharmaceutical Technology

By Dan Anderson ● Oct 24, 2023

Nucleus RadioPharma - the world’s first fully integrated development, manufacturing, and supply chain organization for radiopharmaceuticals - recently announced an oversubscribed $56 million Series A funding round led by Eclipse and GE HealthCare with participation from Echo Global, Fox Chase Cancer Center, Granger Management, Mayo Clinic, Mercy Health, and the University of Missouri. With this funding round, Nucleus RadioPharma will establish multiple new manufacturing facilities nationwide, including Rochester, Minnesota, near the Mayo Clinic, and build novel technology for developing, manufacturing, and distributing radiopharmaceuticals.

Society Brands: Consumer Products Company Secures $25 Million

By Amit Chowdhry ● Oct 24, 2023

Society Brands - a tech-enabled consumer products company built for and by founders - recently announced it has raised an additional $25 million of equity, most recently having secured $11 million in a funding round led by Gullane Capital, LLC, an investment firm focused on managing and advising pooled investment vehicles consisting of qualified individuals.

QuoteMachine: Sales Software Solutions Company Raises $3.7 Million

By Noah Long ● Oct 24, 2023

QuoteMachine - a leading retail software platform empowering retailers to scale their big-ticket sales and tailored sales experiences involving human interactions - recently announced the closing of $3.7 million in seed funding led by Manresa Ventures with additional investments from Clocktower Technology Ventures and Precursor Ventures.

Procurify: Intelligent Spend Management Platform Closes $50 Million In Funding

By Amit Chowdhry ● Oct 24, 2023

Procurify - a leading all-in-one spend management solution for mid-market organizations - recently announced it has raised $50 million USD in a Series C funding round led by Ten Coves Capital, with co-investment from Export Development Canada (EDC) and participation from existing investors, including Information Venture Partners and HarbourVest, etc.

Why Quext Is Buying Smart Building Tech Company Homebase

By Annie Baker ● Oct 24, 2023

Quext - a leading technology company for the multifamily industry - recently announced its acquisition of Homebase, an innovative building technology platform that drives connectivity and communication for multi-resident communities. This deal brings together two of the most innovative companies in the space, creating a single source for multifamily operators to get the best-in-class community and managed WiFi solutions their residents request.

Veruna: About $10 Million Raised To Help Insurance Agencies Drive Growth

By Noah Long ● Oct 24, 2023

Veruna - an all-in-one agency management system natively designed on Salesforce's leading CRM platform - recently announced a successful Series B funding round of about $10 million. The funding round was led by top-tier venture capitalists Berkley Ventures, Guidewire Software, the Institutes, and CoVerica Insurance.

Actym Therapeutics: $59.5 Million Raised To Treat Solid Tumors

By Annie Baker ● Oct 24, 2023

Actym Therapeutics - a company pioneering a new drug modality to treat solid tumors - recently announced it has extended its Series A financing round with an additional close of $25.5 million, bringing the total Series A amount raised to $59.5 million. The funding extension was co-led by existing investors Boehringer Ingelheim Venture Fund and Illumina Ventures. GKCC LLC joined the round with Actym's other current shareholders, Panacea Ventures and JLo Ventures.

Reality Defender: Deepfake And AI-Generated Media Detection Platform Company Secures $15 Million

By Annie Baker ● Oct 24, 2023

Reality Defender - a premier deepfake and AI-generated media detection platform - recently announced it has raised $15 Million in Series A funding. The funding round was led by DCVC, with participation from Comcast, ex/ante, Partnership Fund for New York City, Rackhouse Venture Capital, and Nat Friedman's AI Grant.

Scorability: $11 Million Raised To Improve College Athletics Recruiting

By Annie Baker ● Oct 24, 2023

Scorability - a platform for matching athletes with college athletics programs - recently announced it has raised $11 million in Series Seed funding. The funding round comes from Next Coast Ventures and Silverton Partners along with Scorability’s co-founders.

Parhelia Biosciences: Tissue Staining And Spatial Analysis Company Raises Series A

By Noah Long ● Oct 24, 2023

Parhelia Biosciences, the leader in sample preparation for tissue staining and spatial analysis - recently announced the successful completion of its Series A financing round. This milestone is a testament to the company's ongoing focus on providing a single modular solution for spatial biology sample preparation.

Stabili-Teeth: Full Mouth Restoration Solution Closes Seed Round

By Annie Baker ● Oct 24, 2023

Stabili-Teeth recently announced a significant organizational change and the successful closing of its seed funding round. These developments are a pivotal moment in the company's journey towards revolutionizing dental care and enhancing the lives of millions by making full-mouth dental restoration possible for patients suffering from terminal tooth loss at a fraction of the cost of alternatives in the market today.

Why Stax Payments Is Buying Atlantic-Pacific Processing Systems

By Noah Long ● Oct 24, 2023

Stax Payments - a leading payment technology provider - recently announced its acquisition of Atlantic-Pacific Processing Systems (APPS), creating an end-to-end and seamless payment processing platform. And the integration of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible and customizable options for their payment processing needs on one cohesive platform.

Ventricle Health: Virtual Cardiology Clinic Company Closes $8 Million

By Dan Anderson ● Oct 24, 2023

Ventricle Health - a national virtual cardiology care network - recently announced $8 million in seed funding led by RA Capital Management alongside Waterline Ventures and other investors. This funding round will finance the expansion of Ventricle Health’s heart failure management therapeutic model in collaboration with value-based care provider groups and payers.

Yardstik Secures $12 Million To Advance Trust & Safety Platform

By Dan Anderson ● Oct 24, 2023

Yardstik - a Trust & Safety Platform built for helping high-volume hiring businesses safely hire, verify, and onboard workers at scale - recently announced it has raised an additional $12 million in its most recent round of funding. This expansion round is led by MissionOG with participation from existing investors Grotech Ventures, Rally Ventures, and Crosslink Capital.

Zelus Analytics: Series A Funding Round Secured To Transform Player Evaluation

By Annie Baker ● Oct 24, 2023

Zelus Analytics - a sports analytics company transforming player evaluation and in-game decision-making - recently announced that it has completed the first tranche of its Series A. This funding round includes participation from Teamworthy Ventures, Gametime Capital, Kevin Durant and Rich Kleiman's 35V, Billy Beane, and others, who join existing investor RedBird Capital.

Why Accenture Is Buying ON Service GROUP

By Annie Baker ● Oct 24, 2023

Accenture recently announced it acquired ON Service GROUP, a leading provider of business process services specializing in insurance operations. The terms of the deal were undisclosed.

Otro Capital Adds New Investors To Formula 1 Team Alpine Racing

By Amit Chowdhry ● Oct 24, 2023

Back in June, Otro Capital announced a €200 million strategic investment in Alpine Racing Ltd, the Formula 1 team backed by the Renault Group. And Otro Capital recently announced the addition of some of the top professionals in the sports industry into its investment group in Alpine F1:

Anonybit: Privacy-Centric Identity Management Solutions Company Raises $3 Million

By Noah Long ● Oct 24, 2023

Anonybit - an innovator in decentralized biometric authentication and data protection - recently announced that it has secured an additional $3 million funding round led by JAM FINTOP with participation from Connecticut Innovations and 4S Bay Partners, the family office of Jessica Sarowitz and Steve Sarowitz - increasing its total funds raised to $8 million. This additional funding round will accelerate Anonybit's mission to provide privacy-by-design identity management solutions to enterprises looking for new ways to authenticate users to avoid account takeover attacks and data breaches.

JOOR: Digital Wholesale Ecosystem Company Closes $25 Million In Funding

By Annie Baker ● Oct 24, 2023

JOOR - the world’s leading digital wholesale ecosystem - recently announced that it has raised $25 million in a new round of funding led by Brightwood Capital and Tamarix Capital Partners. And existing investors Macquarie Capital, Battery Ventures, and Canaan Partners participated. This additional funding round will enable JOOR to deliver an increasingly enriched platform experience in service of its extensive global network of fashion brands and retailers. Along with new data-led initiatives, the company is also planning to enhance its JOOR Pay solution and expand its footprint in categories such as footwear, sports, and outdoors.

Evident Vascular To Develop A Next-Generation Intravascular Ultrasound Platform

By Annie Baker ● Oct 24, 2023

Evident Vascular - a medical technology startup developing a next-generation intravascular ultrasound (IVUS) platform utlizing AI to enable superior imaging and streamlined workflows - recently announced that it has launched with a $35 million Series A financing from Vensana Capital.

Hallmark Health Care Solutions Receives Growth Investment In Round Led By Summit Partners

By Dan Anderson ● Oct 24, 2023

Hallmark Health Care Solutions - a healthcare technology company specializing in workforce management solutions - recently announced a significant investment led by global growth equity investor Summit Partners, with participation from existing investor Enhanced Healthcare Partners and Hallmark management. This new funding round will accelerate Hallmark’s continued growth and further deepen the company’s commitment to product innovation and customer success.

Why Flatfile Is Acquiring Chatcsv

By Annie Baker ● Oct 24, 2023

Flatfile - a pioneer of AI-assisted data exchange - recently announced the acquisition of AI start-up Chatcsv Inc. With breakout growth in just a few months since being released, ChatCSV already has thousands of users. From global enterprises such as Procter & Gamble and McKinsey to technology companies such as Zapier, Quora, and Vimeo, companies depend on ChatCSV for quick, contextual insight into CSV files and spreadsheets. And the AI-powered app acts as a personal data analyst. It allows users to "chat" with their CSV files, asking pointed questions for extracting textual and visual insights from data, eliminating the tedious and error-prone process of navigating complex datasets manually.

InnovateUS: $2 Million In Funding Secured From Google.org

By Amit Chowdhry ● Oct 24, 2023

InnovateUS - an online learning initiative that delivers at-your-own pace and live skills training to public sector professionals in areas like data, digital, and community engagement - recently announced that it has secured $2 million in funding from Google.org and access to Google Career Certificates to support its mission to upskill and educate public sector professionals free-of-charge over the next three years. And this initiative will offer online courses and workshops for workers to gain a wide range of data, digital, and artificial intelligence skills.

KKR Investing In Life Sciences Firm Catalio Capital Management

By Amit Chowdhry ● Oct 24, 2023

KKR - a leading global investment firm - recently announced an agreement to invest in Catalio Capital Management, LP, a multi-strategy investment firm focused on breakthrough biomedical technology and innovative healthcare companies. Adding new capital will accelerate Catalio’s growth trajectory and talent acquisition, as well as anchor its investment strategies. According to the agreement, KKR is acquiring a minority economic stake in Catalio and will invest in Catalio’s funds.

Ilant Health: Obesity Treatment Company Secures $3 Million

By Amit Chowdhry ● Oct 24, 2023

Ilant Health - a company purpose-built to partner with employers and government payors to improve obesity treatment through holistic, integrated, and value-based care - recently launched out of stealth today with $3 million in funding. The round was led by Elina Onitskansky, previously an executive at Molina Healthcare, Help at Home, and McKinsey and someone with direct obesity lived experience. The Ilant team recognizes the power of appropriate obesity treatment to change individual lives and improve broader population health.

Why Mercer Advisors Is Buying Kingfisher Capital

By Annie Baker ● Oct 24, 2023

Mercer Global Advisors - a national Registered Investment Adviser (RIA) - recently announced the acquisition of Kingfisher Capital, LLC (KC). KC is a comprehensive wealth management firm located in Charlotte, North Carolina. KC was founded by Alexander B. Miles and H.K. Hallett in 1989.