Archives

Highland Electric Fleets Raises $75 Million From Galvanize To Expand Electric School Bus Deployments

By Amit Chowdhry ● Jun 4, 2026

Highland Electric Fleets announced the closing of a $75 million preferred equity commitment from Galvanize and its affiliates, bringing the company's total preferred equity commitments to $150 million. The financing follows a previous preferred equity commitment from Aiga Capital Partners and is structured in stages to support Highland's deployment schedule and continued nationwide expansion.

Tripo AI: Interview With Chief Scientist Dr. Yanpei Cao About the AI 3D Foundational Model Company

By Amit Chowdhry ● Jun 4, 2026

Tripo AI is a world-leading general-purpose artificial intelligence company dedicated to leading the democratization of creation through cutting-edge algorithmic research and the practical application of AI 3D foundation models and world models.

Kosmos Secures $5 Million In Seed Funding To Bring Operational Intelligence To Enterprise IT

By Amit Chowdhry ● Jun 3, 2026

Kosmos, an operational intelligence company focused on helping enterprise support and engineering teams reduce investigation costs and resolve incidents faster, announced its commercial launch alongside a $5 million seed funding round led by Norwest.

StratusGrid Raises $3 Million Seed Round To Advance AI-Driven Cloud Infrastructure Optimization

By Amit Chowdhry ● Jun 3, 2026

StratusGrid, a cloud infrastructure optimization company helping enterprises move from cloud visibility to verified outcomes, announced that it has raised $3 million in seed financing, marking the company's first outside capital raise. The round was led by Dogwood Ventures, with participation from Market Square Ventures, LaunchTN, VentureSouth, Service Provider Capital, and several strategic angel investors.

Novellia Raises $18 Million Series A To Scale Patient-Powered Healthcare Data Platform

By Amit Chowdhry ● Jun 3, 2026

Novellia, a patient-powered real-world data platform, announced that it has raised $18 million in Series A funding led by Spark Capital, with participation from Khosla Ventures, Acrew Capital, Bling Capital, and TMV. The new financing brings the company's total funding to $28 million and comes as Novellia expands its presence among major pharmaceutical companies and launches a new patient-facing mobile application.

Tavo Biotherapeutics Raises $17 Million Series A To Advance Glaucoma And Retinal Disease Therapies

By Amit Chowdhry ● Jun 3, 2026

Tavo Biotherapeutics announced the closing of a $17 million Series A financing round led by Pureos Bioventures, with participation from Polaris Partners and continued support from existing investor Tau Capital. The funding will be used to advance the company's pipeline of innovative therapies targeting glaucoma and retinal disease.

Vanguard S&P 500 ETF VOO Becomes First To Surpass $1 Trillion In Assets

By Amit Chowdhry ● Jun 3, 2026

Vanguard’s S&P 500 ETF VOO has become the first exchange-traded fund to surpass $1 trillion in assets under management, marking a significant milestone for the ETF industry and highlighting the continued growth of passive investing.

Milrose Consultants: Southfield Capital Exits Building Compliance Services Provider Following 7x Earnings Growth

By Amit Chowdhry ● Jun 3, 2026

Southfield Capital announced the sale of Milrose Consultants, a national provider of code consulting, permit expediting, architecture and engineering, inspection services, and municipal real estate compliance solutions, to Littlejohn & Co. Financial terms of the transaction were not disclosed.

TerraCycle Acquires NLR To Expand Universal Waste Recycling Operations Across The Northeast

By Amit Chowdhry ● Jun 3, 2026

TerraCycle announced that its commercial division has acquired NLR Inc., a Connecticut-based leader in universal and regulated waste recycling. The acquisition marks the fourth regulated waste recycling company added to TerraCycle Commercial and expands the company's collection and processing capabilities across the Northeastern United States.

Arpio Raises $15 Million In Series A To Advance AI-Native Automated Recovery Platform

By Amit Chowdhry ● Jun 3, 2026

Arpio, a cloud recovery and resilience platform for cloud environments, announced the close of a $15 million Series A financing round co-led by S3 Ventures and Paladin Capital Group, with participation from Draper Associates, Uncorrelated, Valor Ventures, CreativeCo Capital, and Lookout Ventures.

Wellington Management: $1.9 Billion Acquisition Of Hartford Funds Expands Wealth Management Platform

By Amit Chowdhry ● Jun 3, 2026

Wellington Management announced that it has entered into a definitive agreement to acquire Hartford Funds from The Hartford in a transaction with an estimated net present value of $1.9 billion. Upon closing, Hartford Funds will be integrated into Wellington’s U.S. Wealth business and will operate under the Wellington brand.

Modern Wealth Onboards $1.1 Billion Firm Flaharty Asset Management

By Amit Chowdhry ● Jun 3, 2026

Modern Wealth Management announced that it has entered into an asset purchase agreement to acquire Flaharty Asset Management, a Clearwater, Florida-based wealth management firm overseeing approximately $1.1 billion in advisory and brokerage assets. The transaction strengthens Modern Wealth’s footprint in Florida and adds an 18-person team, including nine advisors, to the firm’s growing national platform.

Hyve: Hellman & Friedman To Acquire Events Business To Accelerate Next Phase Of Growth

By Amit Chowdhry ● Jun 3, 2026

Hyve Group, a leading global B2B events company, announced that private equity firm Hellman & Friedman has agreed to acquire the business from Providence Equity Partners and Searchlight Capital Partners. The transaction marks the next stage in Hyve’s growth strategy as the company looks to expand its international footprint, broaden its product offerings, and continue its acquisition-led expansion.

Altruist Expands Investment Offering With Alternative Assets And Integrated Advisor Tools

By Amit Chowdhry ● Jun 3, 2026

Altruist, the technology-driven wealth management platform for independent financial advisors, announced a major expansion of its platform with the addition of alternative investments, margin lending, options capabilities, and enhanced money movement features. The new offerings are designed to help advisors provide sophisticated investment strategies and private market access to a broader range of clients through a single digital platform.

Perk Raises $300 Million Credit Facility To Accelerate Global Expansion Of Its AI-Native Travel And Spend Platform

By Amit Chowdhry ● Jun 3, 2026

Perk, formerly known as TravelPerk, announced the closing of a $300 million private credit facility led by Neuberger Specialty Finance, alongside Blue Owl Capital, Hercules Capital, and Liquidity. The new facility replaces and upsizes the company’s 2024 credit facility on materially improved terms, increasing available capital while further strengthening Perk’s balance sheet.

Crescent Capital Group Raises $10.8 Billion For Fourth U.S. Direct Lending Fund

By Amit Chowdhry ● Jun 3, 2026

Crescent Capital Group announced the final close of its fourth U.S. direct lending fund, Crescent Direct Lending Fund IV (CDL Fund IV), raising $10.8 billion in investable capital, including targeted leverage and separately managed accounts investing alongside the fund. The fund is one of the largest lower middle market direct lending vehicles raised to date and marks the largest fund in the firm's history.

Alitheon Raises $8 Million Series A1 To Scale Biometrics For Things Across Global Supply Chains

By Amit Chowdhry ● Jun 3, 2026

Alitheon, an optical AI company focused on physical-to-digital identity and traceability solutions, announced the closing of an $8 million Series A1 funding round led by Emerald Technology Ventures, with significant participation from eBay Ventures and continued support from existing investors.

Advanced NanoTherapies Raises Over $31 Million Series B To Advance Dual-Drug Nanoparticle-Coated Balloon Platform

By Amit Chowdhry ● Jun 3, 2026

Advanced NanoTherapies (ANT), a clinical-stage medtech company focused on improving outcomes for patients with coronary and peripheral artery disease, announced the closing of an oversubscribed Series B financing round totaling more than $31 million. The financing was co-led by an undisclosed strategic investor and S3 Ventures, with participation from the T45 Fund as well as new and existing investors.

CW Advisors Onboards $655 Million Firm Catalina Capital Group

By Amit Chowdhry ● Jun 3, 2026

CW Advisors announced that Catalina Capital Group has joined the Boston-based registered investment advisor, expanding the firm's presence in the western United States and establishing its first office in Southern California. Catalina, a fee-only RIA based in Torrance, California, brings approximately $655 million in assets under management. Financial terms of the transaction were not disclosed.

Aprio Acquires Isdaner & Company To Expand Advisory And Accounting Services In The Northeast

By Amit Chowdhry ● Jun 3, 2026

Aprio, the 20th largest business advisory and accounting firm in the United States, announced the acquisition of Philadelphia-area accounting and advisory firm Isdaner & Company. The transaction became effective on June 1, 2026, and strengthens Aprio’s presence in the greater Philadelphia market while expanding its ability to provide accounting, advisory, audit, and tax services to businesses and families throughout the Northeast.

AMTD IDEA Group Acquires London Office Tower for $17 Million

By Amit Chowdhry ● Jun 3, 2026

AMTD IDEA Group announced that it has entered into a definitive agreement to acquire a London office tower at 40 Furnival Street, London EC4A 1JQ, for an effective consideration of approximately $17 million (£12 million). The acquisition was announced jointly by AMTD Group, AMTD IDEA Group, AMTD Digital, and The Generation Essentials Group (TGE).

Blend360 Acquires In516ht To Expand Global Snowflake And Enterprise AI Capabilities

By Amit Chowdhry ● Jun 3, 2026

Blend360, a global AI services firm, announced the acquisition of In516ht, a Snowflake Elite Partner and data engineering consultancy headquartered in Ljubljana, Slovenia, with subsidiaries in Dubai, UAE, and Riyadh, Saudi Arabia. The acquisition expands Blend360’s capabilities within the Snowflake Data Cloud ecosystem and strengthens its global engineering footprint.

OMNI Acquires Nara Logics to Expand Trusted AI Capabilities for National Security Missions

By Amit Chowdhry ● Jun 3, 2026

OMNI announced the acquisition of Nara Logics, a Boston-based artificial intelligence company known for its decision-intelligence platform and neuroscience-inspired AI technologies. The deal strengthens OMNI’s ability to provide trusted AI solutions to customers across the U.S. Department of War, Intelligence Community, and other national security agencies.

Cadence Education Acquires Especially For Children And Expands To 350 Schools Nationwide

By Amit Chowdhry ● Jun 3, 2026

Cadence Education announced the acquisition of Especially for Children, a nine-school early childhood education provider serving families across the Minneapolis-St. Paul metropolitan area. The transaction expands Cadence Education’s national network to 350 schools across the United States, marking a significant milestone in the company’s growth strategy and commitment to increasing access to early childhood education.

King Risk Partners Acquires The Roberts Agency To Expand Construction Insurance Expertise In Connecticut

By Amit Chowdhry ● Jun 2, 2026

King Risk Partners announced the acquisition of The Roberts Agency, Inc., an independent insurance agency based in Bloomfield, Connecticut. The transaction strengthens King Risk Partners’ presence in Connecticut while expanding its capabilities in construction insurance and surety bonding across the region.

Harness Acquires Codecov To Strengthen Software Delivery Governance In The AI Era

By Amit Chowdhry ● Jun 2, 2026

Harness, the AI software delivery platform company, announced the acquisition of Codecov from Sentry, a move designed to bring code coverage intelligence directly into the software delivery process as AI accelerates software development.

BibliU Raises Over $55 Million To Accelerate Higher Education Expansion

By Amit Chowdhry ● Jun 2, 2026

BibliU, an integrated academic and campus store solutions provider, announced that it has secured more than $55 million in new funding from BlackRock, existing investor Stonehage Fleming, and other parties.

Optiv Sells ACT Business To Vobis Ventures And Establishes Exclusive Services Partnership

By Amit Chowdhry ● Jun 2, 2026

Optiv, the world's largest pure-play cybersecurity company, announced the sale of its Advisory, Consulting and Transformation (ACT) project-based services business to Vobis Ventures, a global technology investment firm focused on next-generation technologies with AI-native cybersecurity as a core investment theme. The transaction officially closed on June 1, 2026.

Newell Brands: €40 Million Investment Planned For French Operations

By Amit Chowdhry ● Jun 2, 2026

Newell Brands announced plans to invest €40 million in its French manufacturing and operations network over the next three years, supporting automation, digitization, sustainability initiatives, and workforce development across the company’s operations in France.

Perennial Financial Services Recruits $640 Million Advisor Mike Russell

By Amit Chowdhry ● Jun 2, 2026

Perennial Financial Services announced that Mike Russell, CFP, has joined the firm’s hybrid RIA platform from Edward Jones, where he oversaw approximately $640 million in advisory, brokerage, and retirement plan assets.