Archives

Seso: Agriculture Workforce Management Platform Company Raises $26 Million

By Amit Chowdhry ● Apr 6, 2024

Seso - a workforce management platform for agriculture - announced the closing of a $26M Series B led by BOND with participation from Index Ventures, NFX, SV Angel, and other prominent investors. And several Seso customers also participated in the round.

Johnson & Johnson Buying Shockwave Medical In $13.1 Billion Deal

By Amit Chowdhry ● Apr 5, 2024

Johnson & Johnson and Shockwave Medical announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Shockwave for $335 per share in cash. This corresponds to an enterprise value of approximately $13.1 billion, including the cash acquired. Both companies’ boards of directors approved this deal.

Archetype AI: Physical AI Company Raises $13 Million In Seed Funding

By Amit Chowdhry ● Apr 5, 2024

Physical AI company Archetype AI announced its emergence from stealth and has introduced Newton, a first-of-its-kind foundation model that understands the physical world. The company also raised a $13 million seed funding round led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures, and several angel investors. Ganesh Srinivasan, Partner at Venrock, will join the board in connection with the funding.

Brim Financial: Fintech Infrastructure Company Raises $85 Million

By Amit Chowdhry ● Apr 5, 2024

Brim Financial - a leading fintech infrastructure company transforming the credit card platform and payment automation space - announced the closing of an $85 million Series C funding round on the back of strong revenue growth, rapidly growing market share, and expansion into the business and commercial segments.

Allure Security: Brand Protection-As-A-Service Company Raises $10 Million

By Amit Chowdhry ● Apr 5, 2024

Allure Security - a leader in online brand protection-as-a-service - announced the completion of a $10 million Series A funding round. Fintech strategic investment capital firm Curql led the round and they were joined by new investor Datatec Founder and CEO Jens Montanana and existing investors Glasswing Ventures, Zetta Venture Partners, Gutbrain Ventures, and PBJ Capital.

Biofidelity: Genomic Technology Company Secures $24 Million In Funding

By Amit Chowdhry ● Apr 5, 2024

Home From College: Next-Generation Career Platform Company Raises $5.4 Million

By Amit Chowdhry ● Apr 5, 2024

Home From College (HFC), a next-generation career platform, announced a $5.4 million seed round led by GV (Google Ventures). The company has raised $6.9 million in the past three years and has seen 300% annual revenue growth.

TrojAI: Enterprise AI Security Solutions Company Closes $5.75 Million

By Amit Chowdhry ● Apr 5, 2024

TrojAI, a leading provider of enterprise AI security solutions, announced a $5.75 million funding round of additional seed capital and the appointment of Lee Weiner as the company's CEO. This funding round was led by Flying Fish, with participation from current investors Build Ventures and Techstars and new investors Alteryx Ventures and Flybridge Capital Partners.

BurnBot: Mechanized Vegetation Management Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

BurnBot announced it has raised $20 million in funding to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. ReGen Ventures led the funding round, including Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital, and Pathbreaker Ventures.

Modal: Skills Development Platform Company Raises $25 Million

By Amit Chowdhry ● Apr 5, 2024

HawkEye 360: Space-Based RF Data Company Secures $40 Million In Debt Financing

By Amit Chowdhry ● Apr 5, 2024

HawkEye 360, a leading provider of space-based RF data and analytics, announced it secured $40 million in debt financing from Silicon Valley Bank (SVB) to further its goal of delivering advanced geospatial capabilities.

Praia Health: Digital Health Company Secures $20 Million

By Amit Chowdhry ● Apr 5, 2024

Digital health company Praia Health announced the closing of a $20 million oversubscribed Series A financing led by Frist Cressey Ventures, with participation from SignalFire, Epsilon Health Investors, and Providence Ventures. This funding round will support the platform's ability to revolutionize the delivery of individualized health solutions at scale and enable digitally driven health system transformation.

Aidium: Mortgage Technology Solutions Company Raises $19 Million

By Amit Chowdhry ● Apr 5, 2024

Aidium Mortgage CRM, a leading provider of innovative mortgage technology solutions, announced the successful closure of its $19 million Series A funding round, led by PeakSpan Capital.

iCapital Buying Investment Data Aggregation Company Mirador

By Amit Chowdhry ● Apr 5, 2024

iCapital (a global fintech platform driving the world’s alternative investment marketplace for the wealth management industry) and Mirador (a leading technology-enabled provider of investment data aggregation and financial reporting across alternative and traditional investments) announced they have entered into a definitive agreement under which iCapital will acquire Mirador.

Carlyle: Masahiko Fukasawa Named As Head Of Global Portfolio Solutions Japan

By Amit Chowdhry ● Apr 5, 2024

Carlyle announced that Masahiko Fukasawa had joined the firm as Head of Global Portfolio Solutions Japan, effective immediately. For this newly created role, Fukasawa will strengthen Carlyle’s existing portfolio operational value creation efforts in Japan, utilizing the full range of global resources and capabilities to benefit portfolio companies in the region.

The Rawlings Group Raises Growth Investment From New Mountain Capital

By Amit Chowdhry ● Apr 5, 2024

The Rawlings Group (a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients) announced a strategic investment from affiliates of New Mountain Capital (a leading growth-oriented investment firm with about $50 billion in assets under management). New Mountain is working with the Rawlings management team to support the company's next growth phase, which includes investments in artificial intelligence, product development, and expansion into new markets and capabilities.

Warren Equity Partners: Over $550 Million Raised For Oversubscribed Small Cap Fund

By Amit Chowdhry ● Apr 5, 2024

Leading infrastructure solutions investor Warren Equity Partners Manager, L.P. (WEP) announced the closing of Warren Equity Partners ELIDO Fund II, L.P. and Warren Equity Partners ELIDO Fund II-A, L.P. at its hard cap, with over $550 million in total capital commitments, exceeding its initial target of $450 million.

Goldman Sachs Acquires Stake In Private Credit Firm Kennedy Lewis

By Amit Chowdhry ● Apr 5, 2024

Kennedy Lewis Investment Management (a leading opportunistic credit manager) announced that Petershill at Goldman Sachs Asset Management had made a passive minority investment in the firm.

EP Wealth Advisors Acquires $1.2 Billion Wacker Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

EP Wealth Advisors, a leading independent registered investment adviser (RIA) with an expanding national presence and client base, announced it had acquired Wacker Wealth Partners. This partnership with the San Luis Obispo, California-based firm expands EP’s presence in California to the state’s Central Coast and adds nearly $1.2 billion in assets under management.

Kovitz Brings In $4.5 Billion Strategic Wealth Partners

By Amit Chowdhry ● Apr 5, 2024

Focus Financial Partners, a leading partnership of fiduciary wealth management firms, announced that it has entered into a definitive agreement under which its partner firm Strategic Wealth Partners Group (SWP), based in Deerfield, Illinois, will formally join Focus “hub” firm Kovitz Investment Group Partners. Subject to customary closing conditions, this deal is expected to close in the second quarter of this year.

actnano: Surface Protection Technology Company Raises $40 Million

By Amit Chowdhry ● Apr 5, 2024

actnano, a leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital.

Adenia: Fifth Flagship Fund Closed At $470 Million

By Amit Chowdhry ● Apr 5, 2024

Adenia Partners, a leading PE firm focused on growth opportunities in Africa, has closed its fifth fund, Adenia Capital V - known as AC(V) - at its $470 million hard cap. This fund was significantly oversubscribed and attracted commitments from new and existing investors globally.

Hildred Capital: Closes Multi-Asset Continuation Fund With Over $750 Million In Commitments

By Amit Chowdhry ● Apr 5, 2024

Hildred Capital - a healthcare-focused private equity firm specializing in partnering with middle-market companies - announced the closing of a multi-asset continuation fund led by Lexington Partners.

Neurosterix: $63 Million Raised For Developing Allosteric Modulator Therapeutics For Underserved Neurological Disorders

By Amit Chowdhry ● Apr 5, 2024

Neurosterix, a biopharmaceutical company dedicated to developing allosteric modulator therapeutics for underserved neurological disorders, announced it has launched with a $63 million Series A financing led by Perceptive Xontogeny Venture Fund II, with participation from Perceptive Life Sciences Fund and Acorn Bioventures.

GoldenTree Asset Management: $1.3 Billion In Commitments Closed For Third CLO Equity Fund

By Amit Chowdhry ● Apr 5, 2024

GoldenTree Asset Management (a global asset management firm with over $54 billion in assets under management) announced closing $1.3 billion in commitments on its third CLO strategy (GLM III). GLM III continues the GoldenTree Loan Management (GLM) program that started in 2016, bringing aggregate commitments across the entire GLM program to over $2.625 billion.

Read AI: $21 Million Raised To Make Meetings More Efficient

By Amit Chowdhry ● Apr 5, 2024

Read AI - a leader in gen AI meeting summaries - announced a $21 million Series A funding round led by Goodwater Capital with existing investor Madrona Venture Group. Goodwater partner Coddy Johnson will join the Board of Directors alongside Madrona’s Matt McIlwain and David Shim (Read AI’s Co-Founder and CEO). The additional funding will accelerate Read AI’s goal of building the future of work, where every interaction is improved with AI.

Stratos Wealth Advisors Adds $500 Million Reno Tahoe Wealth Management Team

By Amit Chowdhry ● Apr 5, 2024

Stratos Wealth Advisors (a part of Stratos Wealth Holdings) announced it has successfully recruited a senior team of wealth managers from RBC Wealth Management who will establish the firm's first Northern Nevada office. The team will use Fidelity as their primary custodian.

tru Independence Launches Mindset Wealth Management

By Amit Chowdhry ● Apr 5, 2024

tru Independence, a national independent advisory platform servicing about $12.5 billion in assets, announced the launch of Mindset Wealth Management. And the launching of the new Indianapolis-based registered investment advisor (RIA) continues tru’s strong momentum, after the firm successfully onboarded six new advisory teams last year, collectively representing over $4 billion in assets.

Homrich Berg Names Michael Woocher As New Chief Advisory Officer And Principal

By Amit Chowdhry ● Apr 5, 2024

Homrich Berg, a leading Atlanta-based RIA serving families and investors across the country, announced the appointment of Michael A. Woocher as Principal and Chief Advisory Officer. Under this newly created executive role, Woocher will lead the $16 billion firm’s accomplished group of financial advisors, position the firm for continued growth by developing its next generation of advisors, and attract and integrate new advisors for future strategic hires and acquisitions.

The Pasha Group: Funding Raised From Morgan Stanley Infrastructure Partners

By Amit Chowdhry ● Apr 5, 2024

Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP) announced it has provided an unsecured term loan to The Pasha Group, a family-owned and third-generation maritime transportation company, to support continued infrastructure investment in the Hawaii trade.