Archives

PayGround: Healthcare Payments Platform Company Raises $19.7 Million

By Amit Chowdhry ● Dec 11, 2023

PayGround - a healthcare fintech payments platform - recently announced it closed a $19.7 million oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners, and Plug and Play Ventures.

Paysend: International Money Transfer Company Secures $65 Million

By Dan Anderson ● Dec 10, 2023

Paysend - a global fintech leader in international money transfers - recently announced it has raised an impressive $65 million in its latest funding round.

Irradiant Partners: $411 Million Raised For Third Vintage of CLO Equity Strategy

By Amit Chowdhry ● Dec 10, 2023

Irradiant Partners, LP - an alternative investment manager with over $10 billion in assets under management - recently announced the closing of $411 million in commitments on the third vintage of the Irradiant CLO equity strategy (ICLOP III), eclipsing its fundraising target of $400 million. Over 95% of investors in ICLOP III are returning investors from the last vintage of the strategy.

Hololight: AR And VR Solutions Company Raises $12 Million

By Noah Long ● Dec 10, 2023

Hololight - a leading specialist in AR and VR solutions for the enterprise market - recently announced it has secured a further $12 million in funding to accelerate the development of its XR streaming platform, Hololight Hub. And as the only proven enterprise streaming platform on the market for immersive applications, including virtual and augmented reality (XR), Hololight has set the benchmark in XR streaming, having pioneered the technology since 2015.

Riverwood Capital: $1.8 Billion Closed For Global Technology Growth Funds

By Amit Chowdhry ● Dec 10, 2023

Riverwood Capital - which is one of the leading investment firms solely dedicated to technology growth and scalability - recently announced it closed approximately $1.8 billion in new capital commitments to invest in high-growth technology businesses globally. The closing coincided with Riverwood’s 15-year anniversary.

Primergy: Solar And Storage Company Closes Commitments For $300 Million In Debt And Tax Equity

By Amit Chowdhry ● Dec 10, 2023

Primergy Solar LLC - a leading developer, owner, and operator of utility-scale solar and storage projects - recently announced that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.

Quartix: $15 Million Raised To Bring Supply Chain Finance Solutions To Industrial Clients

By Amit Chowdhry ● Dec 10, 2023

Quartix - a fintech firm dedicated to bringing Supply Chain Finance (SCF) solutions to mid-market industrial clients - recently announced a successful funding round and a new credit facility that can scale up to $50 million.

Gooten Raises $3.5 Million As Venture Debt Term Loan From Bridge Bank

By Dan Anderson ● Dec 10, 2023

Bridge Bank (a division of Western Alliance Bank) recently announced that its Technology Banking Group closed a $3.5 million venture debt term loan with Gooten, a leading technology and fulfillment company based in New York. Gooten will use the funding for continued growth and expansion.

ECOR Global Receives Funding From Phalanx Impact Partners

By Noah Long ● Dec 10, 2023

Phalanx Impact Partners (a US-based impact-driven private equity firm) recently announced they have invested in ECOR Global (an emerging leader in manufacturing sustainable materials and circular solutions for the building products and packaging markets).

Culmination Bio: Disease-Agnostic Patient Data Intelligence Platform Raises $10 Million

By Annie Baker ● Dec 10, 2023

Culmination Bio - a company building the largest disease-agnostic patient data intelligence platform - recently announced a $10 million investment from Merck Global Health Innovation Fund (Merck GHI) and Amgen Ventures.

Spear Bio: Harvard University Spin-Off Raises Seed Prime Round

By Amit Chowdhry ● Dec 9, 2023

Spear Bio - a Harvard University biotech spin-off developing scalable solutions for ultrasensitive detection of protein biomarkers - recently announced it completed tens of millions of US dollars in an oversubscribed Seed Prime round. The oversubscribed funding round was led by CDH Investments, with additional investments from earlier investors like Maverick Ventures and YongHua Capital.

Every.io: Back Office Stack Company Closes $9.5 Million In Funding

By Amit Chowdhry ● Dec 9, 2023

Every.io (dba Every) - an all-in-one back office stack for startups - recently announced it is coming out of stealth alongside $9.5 million in seed funding. The round was led by Base10, with participation from Y Combinator, Formus Capital, and Rex Salisbury's Cambrian Ventures.

Exectras Receives Funding From Tacora Capital

By Dan Anderson ● Dec 9, 2023

Exectras - a go-to provider for SMBs seeking everyday business services, including merchant services, payroll, health insurance, and workers’ compensation - recently announced the completion of debt financing from Tacora Capital for up to $30 million.

SparkMeter: Grid Management Services Company Raises $5 Million

By Dan Anderson ● Dec 9, 2023

SparkMeter - a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia, and the Americas - announced a strategic $5 million investment and global partnership with Honeywell Smart Energy, one of the largest utility digital solution providers in the world.

Cradle: $24 Million Raised To Help Scientists Engineer Proteins Using AI

By Annie Baker ● Dec 9, 2023

Cradle - a biotech startup that uses generative AI to help scientists design and engineer proteins - recently announced it has raised $24 million in Series A funding, led by Index Ventures, with participation from Kindred Capital.

Savage Medical: Over $3 Million Raised To Enable Minimally Invasive Colorectal Tumor Removal

By Noah Long ● Dec 9, 2023

Savage Medical - a San Francisco Bay Area-based, clinical-stage medical technology company enabling minimally invasive colorectal tumor removal - recently announced a launch out of stealth with over $3 million in total funding, including oversubscribed financing from leading early-stage medical technology investors, including Synergy Ventures, Life Science Angels and AlwaysraiseVC.

Star Mountain Capital: Value-Added Direct Lending Fund IV Closed At $1.2 Billion

By Amit Chowdhry ● Dec 9, 2023

Star Mountain Capital, LLC - a private credit and secondaries specialist investment firm with approximately $3.75 billion in assets under management (committed capital including debt facilities as of 10/31/2023) focused on generating premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses - recently announced that it has closed its Value-Added Direct Lending Fund IV above its $750 million LP capital target at approximately $1.2 billion (committed capital including debt facilities).