Archives

Rockwood Invests In Energy Renewal Partners

By Amit Chowdhry ● Jun 10, 2024

Rockwood Equity Partners announced that it has completed an investment in Austin-based Energy Renewal Partners (ERP), an energy consulting service provider that specializes in energy development and decommissioning projects across the US.

Squared Circles: $40 Million Raised To Incubate Science-Based Brands

By Amit Chowdhry ● Jun 10, 2024

Squared Circles, a consumer-focused venture studio incubating brands grounded in science, announced the closing of a $40 million Series A funding round led by L Catterton.

Avantax Brings In $120 Million Financial Advisor Erin Hinzmann

By Amit Chowdhry ● Jun 10, 2024

Avantax, a leader in tax-focused financial planning and wealth management, announced it welcomed Erin Hinzmann - who joined Avantax Wealth Management via Alliance Wealth Strategies. Hinzmann was previously affiliated with Ameriprise Financial and had about $120 million in client assets under administration as of May 2024.

Society Brands To Buy Vitality Now

By Amit Chowdhry ● Jun 10, 2024

Society Brands, a consumer products company built for and by founders, partnered with the founders of Vitality Now for Society’s latest acquisition in the Direct-To-Consumer Health and Personal Care space, which will represent their fifth consecutive deal in this sector.

RWA Wealth Partners: Michelle Knight Named As CEO

By Amit Chowdhry ● Jun 10, 2024

RWA Wealth Partners, a leading independent fiduciary responsible for $15 billion in client assets, announced the promotion of Michelle Knight as the firm’s Chief Executive Officer. Most recently, Knight served as RWA Wealth’s President following the merger of Adviser Investments and Ropes Wealth Advisors.

ZeroMark: Defense Technology Company Raises $7 Million

By Amit Chowdhry ● Jun 10, 2024

Defense technology company ZeroMark announced a $7 million seed funding round led by prominent venture capital firms Ground Up Ventures and Andreessen Horowitz.

Solutions By Text: Compliance-First Messaging And Payments Company Raises $110 Million

By Amit Chowdhry ● Jun 10, 2024

Solutions by Text (SBT), a leading platform for compliance-first messaging and payments, announced raising $110 million in new growth financing. Growth equity investment firm Edison Partners co-led the transaction with StepStone Group. Stifel Venture Bank (a division of Stifel Bank) provided a lending facility.

TXSE Group Reveals Plans For Texas Stock Exchange With Backing From BlackRock And Citadel Securities

By Amit Chowdhry ● Jun 9, 2024

TXSE Group announced that it plans to launch the Texas Stock Exchange (TXSE), based in Dallas. And TXSE will focus on enabling U.S. and global companies to access U.S. equity capital markets and will provide a venue to trade and list public companies and the growing universe of exchange-traded products. TXSE will be a fully electronic and national securities exchange that will seek registration with the U.S. Securities and Exchange Commission.

TraceAir: Construction Site Analysis Company Raises $25 Million

By Amit Chowdhry ● Jun 9, 2024

TraceAir, a leading provider of site intelligence software for homebuilders and land developers, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital and other existing investors. TraceAir offers builders and developers a visual/collaborative construction management platform that empowers businesses with data-driven insights to lower costs, improve efficiency, and reduce the risk of errors and delays.

Relay: Business Banking Platform Company Raises $32.2 Million

By Amit Chowdhry ● Jun 9, 2024

Relay, a business banking platform that provides small businesses (SMBs) with cash flow clarity, announced the closing of a US$32.2 million Series B financing round, led by Bain Capital Ventures. This brings Relay's total funding to $51.6 million.

Unchained And The University Of Austin Launch Long-Term Endowment Holding in Bitcoin

By Amit Chowdhry ● Jun 9, 2024

Unchained and the University of Austin (UATX) announced a collaboration to create the first long-term endowment holding in Bitcoin. These organizations are committed to raising $5 million in Bitcoin for the University’s long-term endowment; the proceeds from which the University has committed will remain in Bitcoin for a minimum of five years.

Kirkland & Ellis: Michael Urschel Joins Firm As Partner In Debt Finance Group

By Amit Chowdhry ● Jun 9, 2024

Kirkland & Ellis announced that Michael Urschel has joined the firm as a partner in the Debt Finance Group, where he will lead its Structured Finance & Structured Private Credit Practice.

Pennybacker Capital: Fund VI Closed At $1.6 Billion

By Amit Chowdhry ● Jun 9, 2024

Pennybacker Capital Management, a real assets investment manager, announced the final closing of its sixth value opportunity series fund, Pennybacker VI, LP (Fund VI), which exceeded its target with $1.6 billion in capital commitments.

Inventive: $6.5 Million Raised To Build Embedded AI For SaaS Companies

By Amit Chowdhry ● Jun 9, 2024

Inventive, a company building embedded AI for SaaS products, announced its official launch and the closing of a $6.5 million seed funding round led by Wing VC, with participation from Tokyo Black and an angel investors group led by founders and former Google and Meta executives. This funding round will go toward advancing the Inventive platform for product teams who need to efficiently deliver valuable AI-powered experiences in their customer-facing software products.

Wealth Enhancement Group Adds $1.22+ Billion The Financial Advisory Team

By Amit Chowdhry ● Jun 9, 2024

Wealth Enhancement Group, a national independent wealth management firm with over $81.5 billion in client assets, announced that it will join forces with The Financial Advisory Group, LLC, an independent RIA in Houston, Texas. The team of seven financial advisors and 14 support team members manages over $1.22 billion in client assets and is led by founder, Richard J. Alphonso, J.D., CPA/PFS, M.S.T., AEP.

Vici Media: Significant Growth Investment Raised From Rockbridge Growth Equity

By Amit Chowdhry ● Jun 8, 2024

Rockbridge Growth Equity, a partnership-oriented middle market private equity firm with a differentiated approach to building and growing companies, announced that it has made a majority investment in Vici Media, a provider of white label digital marketing and advertising solutions. The terms of the transaction were undisclosed.

SmartPM: Construction Schedule Control Company Raises $5.5 Million

By Amit Chowdhry ● Jun 8, 2024

SmartPM Technologies, a company that builds automated project controls for construction, announced the successful closing of a $5.5 million Series A funding round. This milestone, led by investors Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group, marks a pivotal moment in SmartPM's journey of innovation and market expansion.

Matter Bio: $7 Million Secured To Preserve Genome Integrity

By Amit Chowdhry ● Jun 8, 2024

Matter Bio, a biotech company focused on preserving genome integrity and extending a healthy human lifespan, announced the successful closing of its seed round funding and raised $7 million to advance its work in longevity research.