Archives

ORTEC Partners With Battery Ventures To Accelerate Growth

By Noah Long ● Jan 22, 2024

ORTEC - a global provider of decision support software and data science capabilities - recently announced a partnership with investment firm Battery Ventures to accelerate its growth ambitions. This partnership, including a significant investment by Battery, marks a key moment in ORTEC’s existence and positions the company to increase its impact on customers and in core markets globally.

Blueshift Raises $40 Million Growth Investment From Runway Growth Capital

By Annie Baker ● Jan 22, 2024

Runway Growth Capital LLC - a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity - recently announced a $40 million debt commitment to Blueshift. Blueshift helps brands automate and personalize engagement across every marketing channel, using a unique combination of Customer AI & Generative AI.

Why GoPro Is Buying Tech-Enabled Helmet Company Forcite

By Noah Long ● Jan 22, 2024

GoPro recently announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. And GoPro plans to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Act One Ventures: $73 Million Raised For Third Fund

By Amit Chowdhry ● Jan 22, 2024

Act One Ventures - an early-stage VC firm that created the Diversity Rider, has finished raising its third fund. With $73 million in committed capital, Act One more than tripled the $23 million raised for its second fund and brought its total assets under management (AUM) to $148 million.

Aramco Allocates $4 Billion For VC Arm Aramco Ventures

By Amit Chowdhry ● Jan 22, 2024

Aramco - one of the world's leading integrated energy and chemicals companies - recently allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. This will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion.

CloudTalk: AI-Powered Voice Communication Company Raises $28 Million

By Annie Baker ● Jan 22, 2024

CloudTalk - a rapidly growing AI-powered calling solution - recently announced it raised a $28 million round, closing its Series B funding. The latest funding round, co-led by KPN Ventures and Lead Ventures and supported by existing investors Point Nine Capital, henQ, Presto Ventures, and Orbit Capital is a major step in CloudTalk's journey to transform business communication.

BankingON: Digital Banking Solutions Company Raises Series A Funding

By Noah Long ● Jan 22, 2024

BankingON - a leading provider of award-winning digital banking solutions - recently announced it raised its Series A funding round led by Eagle Venture Fund to launch Boucoup, a family finance mobile banking and interactive learning platform for credit unions.

Forta: $55 Million Raised To Improve Access To Quality Healthcare

By Amit Chowdhry ● Jan 22, 2024

Forta - an AI healthcare company improving access to dependable quality care - recently announced it has raised $55 million in Series A financing led by global software investor Insight Partners. Several leading technology and healthcare investors participated in the round, including Exor Ventures and Alumni Ventures and founders of 23&Me, Curative, Forward, Flexport, Warby Parker, Prelude Fertility, Harry's, and Allbirds.

Electra: Fast-Charging EV Network Company Raises €304 Million

By Amit Chowdhry ● Jan 22, 2024

Electra - a European fast-charging network for electric vehicles - recently announced fundraising of €304 million, entirely in equity, a record amount in the charging sector.

Vertice: Cloud Spend Management Platform Company Raises $25 Million

By Amit Chowdhry ● Jan 22, 2024

Vertice, a SaaS and cloud spend management platform, recently announced a $25 million Series B following a year of lightning-fast revenue growth. And the company has now raised a total of $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use funding to fuel its pace of product innovation further and accelerate its worldwide expansion.

PredictAP: Invoice Ingestion And Coding Solution For Real Estate Accounts Payable Secures $8 Million

By Annie Baker ● Jan 22, 2024

PredictAP - a machine-learning-enabled invoice ingestion and coding solution for real estate accounts payable (AP) - recently announced the closing of its $8-million series A financing round.

Certis Oncology: $10 Million Raised To Combine AI-Directed Drug Development With Functional Testing

By Dan Anderson ● Jan 22, 2024

Certis Oncology Solutions - a precision oncology and translational science company focused on combining AI-directed drug development with advanced functional testing - recently announced that it raised $10 million in a Series C funding round, raising the total to $42 million.

Element Zero: Green Materials Platform Company Secures $10 Million

By Annie Baker ● Jan 22, 2024

Green materials platform company Element Zero recently announced that it has raised $10 million in seed funding led by Playground Global. The company developed a novel approach to cost-effectively convert metal ores like iron, nickel, and other future-facing materials to pure metals with zero carbon emissions.

Timeline: Longevity Biotech Company Raises $66 Million In Funding

By Amit Chowdhry ● Jan 22, 2024

Timeline - a consumer health biotech company at the forefront of developing innovative solutions for healthy aging and longevity - recently announced that it raised CHF 56 million ($66 million) in an oversubscribed Series D financing round. This marked a significant milestone for the company, including strategic investments from two global industry leaders, L’Oréal and Nestlé.

Taro Pharmaceutical Merging With Sun Pharmaceutical: Details

By Annie Baker ● Jan 22, 2024

Sun Pharmaceutical Industries Limited and Taro Pharmaceutical Industries recently announced that they have entered into a definitive merger agreement in which Sun Pharma, Taro's controlling shareholder, has agreed to acquire all of the outstanding ordinary shares of Taro other than the shares already held by Sun Pharma or its affiliates for US$43 per share in cash without interest.

Why Buxton Is Buying Elevar

By Dan Anderson ● Jan 22, 2024

Buxton (a market leader in retail customer analytics) and Elevar (a dynamic conversion tracking solution for fast-scaling e-commerce brands) joined forces in an acquisition by Buxton. The deal's financial terms remain undisclosed, but Buxton believes this strategic collaboration can revolutionize the landscape of data-driven consumer insights.

Why Accenture Is Buying Impendi

By Noah Long ● Jan 22, 2024

Accenture recently announced that it had acquired Impendi, a sourcing and procurement services provider focusing on private equity clients, expanding a critical capability to Accenture’s growing offerings for this industry.

Why Mullen Group Is Buying ContainerWorld Forwarding Services

By Dan Anderson ● Jan 22, 2024

Mullen Group recently announced that it has entered into a letter of intent (LOI) to buy Richmond, British Columbia based ContainerWorld Forwarding Services and its operating subsidiaries. The LOI contemplates standard due diligence and the execution of a purchase and sale agreement, both of which have been initiated. The deal is scheduled to close in the second quarter of 2024, subject to regulatory approval and final closing conditions.

AE Industrial Partners: Sale Of American Pacific To NewMarket For $700 Million Completed

By Annie Baker ● Jan 22, 2024

AE Industrial Partners, LP (AEI) - a private equity firm specializing in aerospace, national security, and industrial services - recently announced that affiliates of AEI have completed the sale of American Pacific Corporation, a leading specialty materials manufacturer of critical chemicals for some of the U.S. Government’s most vital military and space programs, to NewMarket for $700 million in cash.

Why IBS Software Is Buying APS For $90 Million

By Annie Baker ● Jan 22, 2024

IBS Software (a leading SaaS solutions provider to the global travel industry) announced it has reached an agreement to acquire the ground-breaking hotel and travel technology provider Above Property Services (APS). The $90 million deal will further solidify IBS Software's position in the hospitality market and strengthen the brand to underpin an ambitious expansion of its reach in the hospitality industry.

RocketStar: Rocket Propulsion Technology Company Raises $2 Million And Buys Miles Space

By Noah Long ● Jan 22, 2024

RocketStar - a frontrunner in transforming the boundaries of space exploration and satellite services - recently announced a series of achievements that enable the company to take advantage of the $10 billion space propulsion market. These achievements include securing a $2 million seed investment, acquiring Miles Space (a space propulsion and spacecraft manufacturer), and announcing a new member to its board of directors, Mitchel Simpler.

Lative: Sales Performance Automation Company Raises $3 Million

By Amit Chowdhry ● Jan 22, 2024

Lative - a leading sales performance, efficiency, and planning platform for high-performance B2B revenue and finance teams who want to automate their analysis and planning to maximize profitable sales growth and improve revenue efficiency - announced it has raised $3 million in seed funding. The company previously raised a $1.5 million pre-seed round at the beginning of 2022.

Lightship: All-Electric RV Company Closes $34 Million In Funding

By Noah Long ● Jan 22, 2024

Lightship - which is America's first all-electric RV company - recently announced the completion of a $34 million Series B financing to accelerate production of the Lightship L1. The funding round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the fundraise.

QDI Systems: €5 Million Raised To Transform The Medical Imaging Industry

By Amit Chowdhry ● Jan 22, 2024

QDI Systems - a deep technology company based in Groningen - recently announced its Series A funding of €5 million to scale up its revolutionary quantum dots technology for the medical sector and new markets. NOM, the Investment and Development Agency for the Northern Netherlands led this funding round. They were joined by the company's previous investors, Carduso Capital, RuG Ventures, and the renowned Nordic venture capital fund Maki.vc.

JetSetGo Signs LOI With Horizon Aircraft To Buy Up To $500 Million Of Cavorite X7 Aircraft

By Noah Long ● Jan 22, 2024

Horizon Aircraft - a leading hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft developer - recently announced that it has entered into a Letter of Intent (LOI) with JetSetGo, a regional air operator servicing multiple mission profiles.

XM Cyber: How This Hybrid Cloud Security Company Is Closing the Exposure Remediation Gap

By Amit Chowdhry ● Jan 22, 2024

XM Cyber is a leading hybrid cloud security company changing how organizations approach cyber risk. Pulse 2.0 interviewed XM Cyber Chief Technology Officer and Co-Founder Boaz Gorodissky to learn more about the company.

Cleveland Diagnostics: $75 Million Raised For Developing Early Cancer Detection Tests

By Amit Chowdhry ● Jan 22, 2024

Cleveland Diagnostics - a clinical-stage biotechnology company developing next-generation diagnostic tests for the early detection of cancers - announced the closing of over $75 million in growth capital financing. The funding was led by Novo Holdings, a leading global life sciences investor responsible for managing the assets of the Novo Nordisk Foundation, along with participation from existing investors and a credit facility from Symbiotic Capital. The financing will accelerate Cleveland Diagnostics’ commercial and corporate development goals.

CorriXR: Oncology-Focused Biotherapeutics Development Company Raises Funding

By Amit Chowdhry ● Jan 22, 2024

Cortado Ventures - a leading investment firm committed to supporting innovation and growth - announced a strategic investment in CorriXR Therapeutics, an oncology-focused biotherapeutics development company with a pioneering gene editing platform technology. And this investment solidifies Cortado's commitment to advancing cutting-edge medical solutions and supporting the development of groundbreaking treatments for cancer.

Thayer Street Partners: An Interview With Josh Koplewicz On His Firm’s Flexible Growth Capital Solutions

By Amit Chowdhry ● Jan 22, 2024

Thayer Street Partners is a boutique private investment firm that provides flexible growth capital to technology-enabled financial, real estate, and business services companies in the lower middle market. Pulse 2.0 interviewed Thayer Street founder & managing partner Josh Koplewicz to learn more about the firm’s history, investment strategy, and goals for the future.

Why MITER Brands Is Buying PGT Innovations For About $3.1 Billion

By Annie Baker ● Jan 22, 2024

MITER Brands (a nationwide manufacturer of precision-built windows and doors) and PGT Innovations (a manufacturer of premium windows and doors) recently announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI for $42 per share in cash, or an enterprise value of approximately $3.1 billion.