Archives

Impossible Cloud Network: Funding Raised From NGP At $470 Million Valuation

By Amit Chowdhry ● May 26, 2025

Impossible Cloud Network (ICN), a leading decentralized cloud network, announced a new investment from NGP Capital, valuing ICN at $470 million. Headed by tech entrepreneur Kai Wawrzinek, founder of NASDAQ Unicorn Goodgame Studios, ICN is meeting increasing demand for data-sovereign cloud solutions.

BioNTech To Invest £1 Billion In UK Expansion Through Government Partnership

By Amit Chowdhry ● May 26, 2025

BioNTech announced that its subsidiary BioNTech UK Ltd. signed a grant agreement with the UK Government to broaden the company’s R&D activities for innovative medicines in the UK. And as part of the agreement, BioNTech is committed to investing up to £1 billion over the next 10 years.

Thndr: $15.6 Million Raised For Digital Investment Platform

By Amit Chowdhry ● May 26, 2025

Prosus Ventures announced it has led a $15.7 million investment round in Thndr, the MENA region’s leading digital investment platform, along with The Raba Partnership, BECO Capital, JIMCO Capital, Endeavor Catalyst, and Y Combinator. This marks Prosus’ second investment in Thndr and reflects our strong belief in the company’s vision, product execution, and ability to drive financial inclusion at scale.

Novisto: $27 Million Series C Raised For Helping Enterprises With Sustainability Reporting

By Amit Chowdhry ● May 26, 2025

Novisto announced it has raised 27 million in a Series C round, led by Inovia Capital, with participation from all previous investors, including White Star Capital, SCOR Ventures, and Sagard. The company has now raised over $55 million to date, signaling market leadership and confidence in the face of global regulatory uncertainty.

NorthX Biologics: Investment Growth Secured From Signet

By Amit Chowdhry ● May 26, 2025

NorthX Biologics, a leading Nordic biopharmaceutical Contract, Development and Manufacturing Organization (CDMO), announced a significant growth investment from Signet Healthcare Partners, a healthcare private equity firm with expertise in pharmaceutical services.

SPINS Buys Product Locator Platform Lucky Labs

By Amit Chowdhry ● May 26, 2025

SPINS, a leading provider of data, analytics, and omnichannel activation solutions for the Natural Products industry, announced the acquisition of Lucky Labs. Lucky Labs is a digital technology company known for its innovative product locator platform, which enhances brand and marketing strategies by connecting values-driven consumers with beauty and wellness brands online and in-store.

Sublime Systems: Investment Raised From Suffolk Technologies

By Amit Chowdhry ● May 26, 2025

Suffolk Technologies, an institutional VC platform affiliated with innovative builder Suffolk, announced an investment in Sublime Systems, an advanced technology company transforming cement production through a breakthrough electrochemical process that reduces emissions and waste.

Tailor: $14 Million Series A Raised For Headless ERP Platform

By Amit Chowdhry ● May 26, 2025

Tailor, a headless ERP platform that delivers composable architecture to SMBs and enterprises, announced it has raised $14 million in the first close of its Series A funding round. The funding was led by ANRI, one of Japan’s leading early-stage venture capital firms, with participation from Spiral Capital.

Acrisure: $2.1 Billion Funding Raised At $32 Billion Valuation Led By Bain

By Amit Chowdhry ● May 26, 2025

Acrisure announced it has entered into a definitive agreement to issue new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. The funds from the round will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A, and accelerate its development as a tech-enabled financial services platform. This will advance its strategy to become the preeminent fintech solutions provider for millions of small—and medium-sized businesses domestically and abroad.

VERO: Growth Equity Raised For Modern Screening And Leasing Platform

By Amit Chowdhry ● May 26, 2025

VERO - a modern screening and leasing platform for owners and renters — announced a significant growth equity round co-led by Fifth Wall and Sunriver Capital Partners, with meaningful participation from Rebuild Capital.

Yext: $200 Million Debt Facility Raised From BlackRock

By Amit Chowdhry ● May 26, 2025

Yext, a leading digital presence platform for multi-location brands, announced that it has closed a $200 million senior secured term loan facility with funds and accounts managed by BlackRock, offering the company with enhanced flexibility to support its growth initiatives and strategic objectives.

AT&T Buying Lumen’s Fiber Unit In $5.75 Billion Deal

By Amit Chowdhry ● May 26, 2025

AT&T announced it has reached an agreement to acquire substantially all of Lumen's Mass Markets fiber business for $5.75 billion, subject to purchase price adjustments, in an all-cash transaction that will expand investment in critical U.S. connectivity infrastructure, create new jobs, and accelerate high-speed fiber internet access to millions of Americans.

CloudSEK: $19 Million Series B1 Raised For Scaling Cybersecurity Platform

By Amit Chowdhry ● May 26, 2025

CloudSEK, a leader in AI-based cyber threat prediction and intelligence, announced it has raised $19 million across its Series A2 and B1 funding rounds. The funding round included participation from MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and select strategic investors, including Commvault, the Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures.

DataHub: $35 Million Series B Closed For Enabling AI To Manage Data

By Amit Chowdhry ● May 26, 2025

DataHub (by Acryl Data), a leading open-source metadata platform, announced it has raised $35 million in Series B funding led by Bessemer Venture Partners. This latest funding round brings the company's total to $65 million, enabling accelerated development of its context management platform, which provides discovery, observability, and control across data, AI models, and AI agents.

LMArena: $100 Million Seed Funding Raised for AI-Focused Open Community Platform

By Amit Chowdhry ● May 26, 2025

LMArena, an open community platform for evaluating the best AI models, announced it has secured $100 million in seed funding led by a16z and UC Investments (University of California) with participation from Lightspeed, Laude Ventures, Felicis, Kleiner Perkins and The House Fund.

SparkCharge: $30.5 Million Raised For Advancing Mobile EV Charging Expansion

By Amit Chowdhry ● May 26, 2025

SparkCharge, which is the world’s largest off-grid electric vehicle fleet charging network and creator of the first mobile and off-grid EV charger, announced the close of a $15.5 million Series A-1 funding round led by Monte’s Fam and $15 million venture loan facility provided by Horizon Technology Finance Corporation, totaling $30.5 million. Additional venture capital and investment firms that participated in the Series A-1, including Collab Capital, Cleveland Avenue, Non-sibi Ventures, Elemental Impact, and MarcyPen.

ReproNovo: $65 Million Series A Raised For Advancing Reproductive Medicine And Women’s Health Therapies

By Amit Chowdhry ● May 26, 2025

ReproNovo, a company dedicated to developing innovative treatments for reproductive medicine and women’s health, announced the successful closing of a $65 million Series A financing round. The funding round was led by Jeito Capital, co-led by AXA IM Alts and founding investor M Ventures, with strong syndicate support from Ysios Capital and ALSA Ventures.

Strava Buying Core Assets Of The Breakaway

By Amit Chowdhry ● May 26, 2025

Strava, an app for active people, announced it has acquired the core assets of The Breakaway, a Y Combinator-incubated cycling training app. This deal follows the recent news of Strava acquiring Runna, a leading running training app. It signifies further investment in the Strava ecosystem for the platform’s global community of active people.

XP: $6.2 Million Raised For Ticket Marketplace

By Amit Chowdhry ● May 25, 2025

XP, a ticket marketplace dedicated to driving live experiences and rewarding fandom, announced it has raised $6.2 million in funding led by Blockchange, with participation from L1D, Reflexive, and others. The capital will accelerate XP’s mission to build the most fulfilling ticketing experience for fans.

Sanmina Buying ZT Systems Assets From AMD In $3 Billion Deal

By Amit Chowdhry ● May 25, 2025

AMD announced it has entered into a definitive agreement to sell ZT Systems’ U.S.-headquartered data center infrastructure manufacturing business to Sanmina (an integrated manufacturing solutions company).

Kirkland & Ellis: Yaman Shukairy Rejoins As Private Equity Real Estate Partner

By Amit Chowdhry ● May 25, 2025

Kirkland & Ellis announced that leading private equity real estate attorney Yaman Shukairy has rejoined the firm as a partner.

Clifford Chance: Peter Laveran-Stiebar Named As Partner In New York

By Amit Chowdhry ● May 25, 2025

Clifford Chance announced it hired Peter Laveran-Stiebar to join its US Corporate Mergers & Acquisitions practice, enhancing its capability in healthcare and life sciences.

Summit Trail Advisors: Jeff Ringdahl Named As President And COO

By Amit Chowdhry ● May 25, 2025

Summit Trail Advisors, an ultra-high-net-worth (UHNW)-focused independent registered investment advisor, announced that Jeff Ringdahl has joined the firm as Partner, President and Chief Operating Officer in New York.

Siemens To Buy Design Automation Company Excellicon

By Amit Chowdhry ● May 25, 2025

Siemens Digital Industries Software announced that it has agreed to buy Excellicon. This will bring Excellicon’s software for the development, verification, and management of timing constraints to Siemens’ EDA portfolio of software for IC design.

YFM: Jamie Roberts Named As Managing Partner

By Amit Chowdhry ● May 25, 2025

YFM Equity Partners announced Jamie Roberts has been appointed as Managing Partner, with Eamon Nolan taking on a role as Head of Investor Relations & Fundraising.

TSG Consumer: Jessica Duran Promoted To COO

By Amit Chowdhry ● May 25, 2025

TSG Consumer Partners, a leading specialist private equity firm focused exclusively on the consumer sector, announced the promotion of Jessica Duran to Chief Operating Officer. Duran will continue to serve as Chief Financial Officer, a role she has held since joining the firm in 2017.

New Mountain Capital Forms Smarter Technologies By Combining Portfolio Companies

By Amit Chowdhry ● May 25, 2025

New Mountain Capital, a growth-oriented investment firm with $55+ billion in assets under management, announced a definitive agreement to form Smarter Technologies, the automation and insights platform for healthcare efficiency, created through the strategic combination of portfolio companies SmarterDx, Thoughtful.ai, and Access Healthcare.

QuantumLight: $250 Million Fund Closed

By Amit Chowdhry ● May 25, 2025

QuantumLight, a quantitative venture capital firm founded by Nik Storonsky, announced the final closing of its inaugural $250 million fund. And at the same time, the firm is publicly launching its second operating playbook Hiring Top Talent designed to help founders systematically scale world-class teams.

Paul Hastings Adds More Abu Dhabi Hires

By Amit Chowdhry ● May 25, 2025

Paul Hastings announced the continued expansion of its transformative international energy and infrastructure team and broader corporate platform with the appointment of mergers and acquisitions lawyer Stefan Mrozinski and projects lawyer Habeeb Rahman as partners in Abu Dhabi. Both join from White & Case.

Blackstone: $11.5 Billion Acquisition Of TXNM Energy

By Amit Chowdhry ● May 24, 2025

TXNM Energy announced an agreement under which Blackstone Infrastructure will acquire TXNM Energy for $61.25 per share in cash upon closing, reflecting a total enterprise value of $11.5 billion, including net debt (excluding securitization debt) and preferred stock.