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Why LPL Financial Is Buying Atria Wealth Solutions

By Amit Chowdhry ● Feb 14, 2024

LPL Financial Holdings announced that the firm has entered into a definitive purchase agreement to acquire Atria Wealth Solutions (a wealth management solutions holding company headquartered in New York). Atria supports about 2,400 advisors and 150 banks and credit unions, managing approximately $100 billion of brokerage and advisory assets. Launched in 2017, Atria operates a network of broker-dealer subsidiaries focused on supporting independent financial advisors and institutions nationwide.

Rimere: Climate Solutions Company Secures $10 Million

By Dan Anderson ● Feb 14, 2024

Rimere (a climate solutions company with proprietary plasma technology) announced the closing of a $10 million strategic investment from Clean Energy Fuels. The funding round will accelerate the development and field testing of Rimere’s two independent devices, the Reformer and the Mitigator, that reduce climate change emissions and enable using natural gas to accelerate the transition to a clean hydrogen future.

Mercer Advisors Hires Five RIA Industry Veterans

By Amit Chowdhry ● Feb 14, 2024

Mercer Global Advisors - a national Registered Investment Adviser (RIA) firm - announced the recent hiring of multiple experienced executives to bolster the firm's inorganic growth strategies, including key hires on the firm's M&A teams.

Carlyle Launching New European Private Credit Strategy For Private Wealth Investors

By Amit Chowdhry ● Feb 14, 2024

Global investment firm Carlyle has announced the launch of a new semi-liquid European Private Credit strategy (ETAC) - which offers a single entry point for individuals to access Carlyle’s Global Credit platform. 

Marqo: Vector Search Company Raises $12.5 Million

By Annie Baker ● Feb 14, 2024

Vector search company Marqo announced it had closed a $12.5 million Series A funding round led by Lightspeed with participation from Blackbird VC, January Capital, and Chronosphere founder and CTO Rob Skillington.

Sudo Biosciences: Second Close Of Upsized Series B Funding Round Completed, Bringing Total To $147 Million

By Amit Chowdhry ● Feb 13, 2024

Sudo Biosciences - a biopharmaceutical company committed to designing and developing best-in-class precision TYK2 (tyrosine kinase 2) inhibitors - announced that during January 2024, it completed a second close of its Series B financing, raising an additional $30 million from new investors Dementia Discovery Fund (DDF, a SV Health Investors Fund), Leaps by Bayer, and UPMC Enterprises (the innovation, commercialization and venture capital arm of UPMC). This brings the total funding round in this upsized round to $147 million.

BioAge: $170 Million Raised To Accelerate Development Of Metabolic Disease Therapeutics

By Amit Chowdhry ● Feb 13, 2024

BioAge Labs - a clinical-stage biotechnology company developing novel therapies for obesity and metabolic diseases by harnessing the biology of aging - announced the completion of an oversubscribed Series D financing round of $170 million led by Sofinnova Investments. New investors - including Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, Sands Capital, Pivotal bioVenture Partners, Osage University Partners, Lilly Ventures, and Amgen Ventures - also participated in the round along with existing investors including Andreessen Horowitz (a16z) Bio + Health.

Anatomy: $7.6 Million Secured To Build Financial Automation Platform For Healthcare Organizations

By Dan Anderson ● Feb 13, 2024

Anatomy Financial announced the launch of their AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies. And Anatomy has raised $7.6 million in funding to build a financial operating system for healthcare from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech.

Bain Capital Real Estate And Cherry Tree Capital Partners Form JV For Developing Rental Townhome Communities In Southern California

By Amit Chowdhry ● Feb 13, 2024

Bain Capital Real Estate and Cherry Tree Capital Partners announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California. And the joint venture launches with the objective of deploying several hundred million dollars of gross capital over the next several years.

Areteia Therapeutics: $75 Million Raised To Expand Current Phase III Development Of Dexpramipexole In Eosinophilic Asthma

By Annie Baker ● Feb 13, 2024

Areteia Therapeutics announced $75 million in additional Series A financing to support expansion of the current Phase III development program of dexpramipexole in eosinophilic asthma, bringing total Series A funding to $425 million. Viking Global Investors and Marshall Wace joined the original syndicate of investors led by Bain Capital Life Sciences with participation from Access Biotechnology, GV, ARCH Venture Partners, Saturn Partners, Sanofi, Maverick Capital, and Population Health Partners.

Blue Stream Fiber Raise Funding From Sixth Street

By Noah Long ● Feb 13, 2024

GI Partners - a leading investor in data infrastructure businesses - announced that it has closed a deal to welcome Sixth Street (a leading global investment firm) as a strategic investor in Blue Stream Fiber. The deal provides Blue Stream Fiber with additional resources to expand as it continues to provide leading fiber-optic connectivity services to residential and commercial customers.

Teledyne To Acquire Adimec: Details

By Annie Baker ● Feb 13, 2024

Teledyne Technologies announced it agreed to acquire Adimec Holding B.V. and its subsidiaries. Adimec – founded in 1992 and headquartered in Eindhoven, Netherlands - develops customized high-performance industrial and scientific cameras for applications where image quality is paramount.

Bob W: Hospitality Provider Company Raises €40 Million In Series B

By Amit Chowdhry ● Feb 13, 2024

Finnish tech-enabled hospitality operator Bob W announced its Series B funding of €40 million to revolutionize the European hospitality sector.

Aegir Insights: €8.5 Million Raised To Build Next-Gen Software To Accelerate Offshore Wind Investments

By Dan Anderson ● Feb 13, 2024

Aegir Insights (a leading provider of decision-making software, data, and intelligence for the offshore wind sector) announced it has raised €8.5M in Series A funding, led by Seaya Andromeda with the participation of Climentum Capital.

US Ignite Secures $6.97 Million Contract From ERDC To Continue SICD Program

By Annie Baker ● Feb 13, 2024

US Ignite announced a new contract for $6.97 million from the U.S. Army Engineer Research and Development Center (ERDC) to continue the successful Smart Installation and Community Dashboard (SICD) program at Fort Moore, Georgia. And the contract follows the development and deployment of three key software applications in the SICD program, all of which were designed to help provide a common operating picture to leaders at the installation.

Antithesis Raises $47 Million To Transform How Software Is Tested And Debugged

By Amit Chowdhry ● Feb 13, 2024

Antithesis – a platform transforming how software is tested and debugged - launched out of stealth and announced $47 million in seed funding from Amplify Partners, Tamarack Global, and First In Ventures, with participation from angel investors including Michael Walrath, Founder of Right Media and Howard Lerman, Founder of Yext and Roam.

Whole Earth Brands To Be Acquired By Sababa Holdings

By Noah Long ● Feb 13, 2024

Whole Earth Brands (a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods) confirmed that the company entered into a definitive agreement pursuant to which Ozark Holdings, LLC (which, in the future, plans to do business as Sweet Oak Parent), an affiliate of Sababa Holdings FREE, LLC will acquire all of the outstanding shares of the company’s common stock that it does not already own in an all-cash transaction for $4.875 per share.

AIX Ventures Closes $202 Million For Second Fund

By Amit Chowdhry ● Feb 13, 2024

AIX Ventures Team – a venture firm founded by some of the world’s top AI practitioners who work closely with an experienced investing team to provide entrepreneurs with deep company-building and AI expertise – announced a second fund of $202 millionto invest in early-stage AI companies. Fund II will enable the firm to lead more rounds and grow the investing team.

New Holland Capital Receives Strategic Investment From AGF Management Limited

By Amit Chowdhry ● Feb 13, 2024

AGF Management Limited announced that it has made a strategic investment in New Holland Capital (NHC) – a New York multi-strategy investment manager with more than $5 billion in assets under management and more than 17 years of experience providing institutional investors with absolute return investment strategies across the liquidity spectrum.

Beverage Company Odyssey Raises $6 Million

By Annie Baker ● Feb 13, 2024

Odyssey – the company behind an energy drink enriched with a potent blend of 2750mg of Lions Mane and Cordyceps mushrooms – announced the completion of a $6 million funding round. This funding round signifies a pivotal moment in the brand's journey and underscores the burgeoning support for its fusion of vitality and cognitive enhancement.

Nucleus Security: Risk-Based Vulnerability Management Platform Secures $43 Million

By Amit Chowdhry ● Feb 13, 2024

Nucleus Security - the developers of the market-leading Risk-Based Vulnerability Management platform – announced it has secured $43 million in Series B funding led by Arthur Ventures and Lead Edge Capital. This milestone marks a major leap forward in the company's mission to redefine how enterprises manage risk exposure from vulnerabilities across infrastructure, cloud, and application portfolios in one unified platform.

Incision Management Company BRIJ Medical Raises $5.5 Million

By Annie Baker ● Feb 13, 2024

BRIJ Medical (a leader in the incision management and support industry) has unveiled a strategic rebrand from Brijjit Medical to BRIJ Medical. And BRIJ Medical is introducing new technologies to minimize wound complications and improve scar therapy. The funding round was led by Tim Gleeson (Vidant Capital) and an impressive list of MedTech industry veterans.

Google To Invest €25 Million In AI Opportunity Initiative For Europe

By Amit Chowdhry ● Feb 13, 2024

Google Europe, Middle East, and Africa President Matt Brittin announced that the company is working with EU governments, civil society, academics, and businesses to find the right path to land AI technology safely and for everyone. And the company is launching the AI Opportunity Initiative for Europe, which would help provide training and skills to support people and countries to succeed in seizing the AI opportunity.

Cardboard Spaceship: $1 Million Raised For Funding LaunchPad Ventures

By Annie Baker ● Feb 13, 2024

Cardboard Spaceship announced the launch of its newest strategic initiative, LaunchPad Ventures, which will operate as a private equity affiliate of the video production company. With an initial $1 million in capital, LaunchPad Ventures (via Cardboard Spaceship) will focus on creating cinematic content to meet the growing demand for quality digital assets available for licensing on digital platforms like Filmsupply.

Groover: Music Promotion Platform Company Raises $8 Million

By Noah Long ● Feb 13, 2024

Groover - an innovative music promotion platform – announced an $8 million Series A funding round, led by investors OneRagtime, Trind, Techmind, and MozzaAngels, and supported by historical backers, Partech, Bpifrance's Tech & Touch fund, Verve Ventures, and Frenchfounders. This new funding round will consolidate Groover's position as an all-in-one platform solution by integrating additional services such as promotion, marketing, coaching, and career development support to strengthen the company's strategic presence in the North American, European, and Latin American markets.

Why Huron Is Buying Management Consulting Firm GG+A

By Amit Chowdhry ● Feb 13, 2024

Global professional services firm Huron announced it has agreed to acquire GG+A, which is a leading philanthropic management consulting firm that helps education institutions and healthcare, arts and other nonprofit organizations build and accelerate the philanthropic programs that support their mission. Successful fundraising programs and campaigns can play a pivotal role in helping organizations achieve their strategic objectives and widen their impact.

How Mount Sinai Medical Center Plans To Utilize AI For Treating Complex Aortic Conditions

By Annie Baker ● Feb 13, 2024

Mount Sinai Medical Center announced it is now implementing unique AI software to support treating patients with complex aortic diseases.

Nordic Capital Buying SaaS Core Modernization Company Zafin

By Amit Chowdhry ● Feb 13, 2024

Nordic Capital announced it has signed an agreement to acquire a majority share in Zafin, a leading provider of SaaS core modernization and transformation solutions for financial institutions around the world. The investment was made in close partnership with Zafin's founders and management - who will reinvest in the company alongside Nordic Capital.

Why ADC Aerospace Is Buying Cast-Rite

By Annie Baker ● Feb 13, 2024

ADC Aerospace (a leading manufacturer of complex, highly-engineered turnkey die-cast parts used in critical applications in the aerospace, defense, medical, automotive and specialty industrial markets) has acquired Cast-Rite, a leading provider of advanced die casting and fabrication solutions.

Trading Technologies Buying ATEO: Details

By Amit Chowdhry ● Feb 13, 2024

Trading Technologies International (TT) - a global capital markets technology platform provider - announced a definitive agreement for TT to acquire ATEO SAS, a leading provider of post-trade solutions for listed derivatives, expanding TT's reach into clearing and other middle-office technologies and services. The terms of the transaction, expected to close on February 29, were not disclosed.