Archives

Method: Consumer Permissioned Financial Connectivity Company Raises $41.5 Million (Series B)

By Amit Chowdhry ● Jan 31, 2025

Method Financial, a provider of consumer permissioned financial connectivity, announced it raised $41.5 million in its latest Series B funding round led by Emergence Capital with participation from avra and Samsung Next, and existing investors Andreessen Horowitz, Y-Combinator and Ardent Venture Partners. This funding brings the company’s total to $60 million.

H2SITE: Hydrogen Separation Solutions Company Raises €36 Million

By Amit Chowdhry ● Jan 31, 2025

H2SITE, a pioneer of hydrogen separation solutions, announced the closing of its Series B funding round at €36 million from a consortium of investors, combining strategic and financial investors focused on the next growth phase. And H2SITE has received support from new co-lead investors Hy24 and SC Net Zero Ventures. These lead investors are joined by new investors MassMutual Ventures, Enagas Emprende and Exergon, and existing investors Breakthrough Energy Ventures along with Equinor Ventures and Ezten, FCR (a fund managed by Gestión de Capital Riesgo del País Vasco of the SPRI Group - Basque Government).

Madrona: $770 Million Closed For Madrona Fund X And Acceleration Fund IV

By Amit Chowdhry ● Jan 31, 2025

Madrona announced the closing of Fund X and Acceleration Fund IV, which will be deployed in the next several years in new companies and will support them through their life cycle.

Focus Partners Brings In $4.16 Billion Firm Merriman Wealth

By Amit Chowdhry ● Jan 31, 2025

Focus Financial Partners, an interdependent partnership of wealth management, business management, and financial services firms, announced that it has entered into a definitive agreement under which Seattle, WA-based Merriman Wealth Management will join Focus Partners Wealth. This deal is expected to close on February 1, 2025, subject to customary closing conditions. Upon the completion of this deal, Merriman is expected to add approximately $4.16 billion, measured as of September 30, 2024, to Focus Partners Wealth’s regulatory assets under management.

Apple Reports Over 2.35 Billion Active Devices And 1 Billion Subscriptions

By Amit Chowdhry ● Jan 31, 2025

This week, Apple reported its best quarter ever for the fourth calendar quarter of 2024. For the quarter, Apple reported revenue of $124.3 billion and a net quarterly profit of $36.3 billion compared to revenue of $119.6 billion and a net quarterly profit of $33.9 billion during the same period a year earlier.

Beanstack: $1.5 Million Raised To Help School Libraries Facilitate Reading Challenges

By Amit Chowdhry ● Jan 30, 2025

Beanstack announced they have raised $1.5 million in capital led by Riverside Acceleration Capital and Evoce Capital with additional investment from Mark Cuban, Kapor Capital, Militello Capital, and the founders and their family as a strategic raise. And the former Shark Tank company will utilize the funding to accelerate its repeatable growth model and to invest in its Reading Culture Trailblazer client marketing program. The company also seeks to raise an additional $500K under the same convertible note terms through March 31st.

ID.me: $275 Million Financing Raised From Ares Management

By Amit Chowdhry ● Jan 30, 2025

ID.me, a market-leading digital identity wallet, announced it had closed a $275 million credit facility provided by Ares Management funds. And Ares also plans to make a substantial equity investment in ID.me.

Rad AI: $60 Million (Series C) Raised To Advance Leadership In Healthcare GenAI

By Amit Chowdhry ● Jan 30, 2025

Rad AI, which is one of the fastest-growing healthcare AI companies and the first to commercialize a generative AI product in healthcare, announced a $60 million Series C financing round, valuing the company at $525 million. This oversubscribed round was led by Transformation Capital, with participation from existing investors Khosla Ventures, World Innovation Lab, UP2398, Kickstart Fund, OCV Partners, Cone Health, and others. And this funding round comes seven months after their $50 million Series B.

Phantom: Multichain Wallet Company Raises $150 Million (Series C) At $3 Billion Valuation

By Amit Chowdhry ● Jan 30, 2025

Phantom - a simple multichain wallet that announced to make crypto safer and easier to use - announced it raised $150 million in Series C funding at a $3 billion valuation. This funding round was co-led by Sequoia Capital and Paradigm, with participation from existing investors, including a16z crypto and Variant.

Ashton Thomas Private Wealth: $2.5 Billion Team Onboarded

By Amit Chowdhry ● Jan 30, 2025

Ashton Thomas Private Wealth (an Arax Investment Partners firm) announced that Mark Cavalier, Jonathan Smith, and Gregory Weiss have joined the firm as Managing Directors and Partners. And they will join former Wells Fargo Senior Vice President and Group Finance Officer Michael Hansen and four administrative staff to establish a new Ashton Thomas office in San Francisco’s Financial District, which will serve as a hub for the firm’s growth in the Western region.

The L Suite Acquiring Luminate+ To Transform How In-House Counsel Taps Into Insights

By Amit Chowdhry ● Jan 30, 2025

The L Suite, a premier community for General Counsels (GCs) and Chief Legal Officers (CLOs) at high-growth companies and investment funds, announced the acquisition of Luminate+, which is an industry-leading e-learning platform for legal professionals.

Trinity Capital Equipment Finance Unit Surpasses $1 Billion In Fundings

By Amit Chowdhry ● Jan 30, 2025

Trinity Capital - a leading alternative asset manager - announced that its equipment finance vertical has surpassed $1 billion in funding to high-growth companies since 2018. This milestone highlights the company's commitment to supporting the growth and innovation of businesses in various industries, including manufacturing & automation, energy, space technology, climate tech, and AI.

FileCloud: Strategic Growth Investment Raised From Level Structured Capital

By Amit Chowdhry ● Jan 30, 2025

FileCloud, a provider of secure content collaboration and data governance solutions, announced it has secured a strategic growth investment from Level Structured Capital (an affiliate of Level Equity, a growth equity firm with over $3 billion in assets under management). This funding round will enable FileCloud to enhance its go-to-market strategies and further innovate its platform to meet the increasing demand for secure, scalable, and compliance-driven file-sharing solutions.

Arctic Therapeutics: Drug Discovery Company Raises €26.5 Million (Series A)

By Amit Chowdhry ● Jan 30, 2025

Icelandic drug discovery and development company Arctic Therapeutics (ATx) announced the closing of a €26.5 million oversubscribed Series A financing from a broad syndicate of international investors. This syndicate includes the EIC Fund, Iceland's largest privately-held investment firm Kaldbakur, Investcorp-backed Sanos Group, Swiss-based Cerebrum DAO, The Lurie Family Foundation – established by US billionaire Jeffery Lurie, and a consortium led by early investors and co-founders of Icelandic unicorn, Kerecis, and Copenhagen-listed Chemometec. Icelandic institutional investors and family offices also participated in the round.

Strata Information Group Raises Funding From Ridgemont Equity Partners

By Amit Chowdhry ● Jan 30, 2025

Ridgemont Equity Partners, a middle market private equity investor, announced an investment in Strata Information Group (SIG), a leading provider of managed services for higher education.

Ati Motors: Autonomous Robotics Company Raises $20 Million (Series B)

By Amit Chowdhry ● Jan 30, 2025

Ati Motors, a leader in AI and autonomous robotics, announced a $20 million Series B investment led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP) with participation from current investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.

CapeZero: $2.6 Million (Seed) Raised For Transforming Complex Clean Energy

By Amit Chowdhry ● Jan 30, 2025

CapeZero, a software platform that streamlines financial workflow for clean energy developers, announced the closing of a $2.6 million seed funding round. This round was led by Powerhouse Ventures, with participation from Climactic, Avesta Fund, Virta Ventures, and Stepchange.

Moniepoint: Strategic Investment Raised From Visa To Advance Financial Inclusion For African SMEs

By Amit Chowdhry ● Jan 30, 2025

Moniepoint - one of Nigeria’s leading business payments and banking services platforms - announced it had secured an investment from Visa, a global leader in digital payments. This funding marks a significant milestone in Visa’s commitment to advancing financial inclusion and shaping the future of digital payments while fostering SME growth across Africa.

The RMR Group: New $100 Million Revolving Credit Facility Signed

By Amit Chowdhry ● Jan 30, 2025

The RMR Group announced that it has entered a new $100 million senior secured revolving credit facility. This initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option, subject to payment of extension fees and satisfaction of other customary conditions.

NineDot Energy: $65 Million In Equipment Financing Closed

By Amit Chowdhry ● Jan 30, 2025

NineDot Energy, a leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, announced the closing of a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy finance.

American Axle Buying Dowlais In $1.44 Billion Deal

By Amit Chowdhry ● Jan 30, 2025

American Axle & Manufacturing (AAM) announced that it reached an agreement with the board of the Dowlais Group on the terms of a recommended cash and share offer to be made by AAM for the entire issued and to be issued ordinary share capital of Dowlais for about $1.44 billion in cash and AAM shares.

ASM Capital: Fund Launched For Investing In Single Malt Whiskey

By Amit Chowdhry ● Jan 30, 2025

ASM Capital Group - a new spirits investment fund elevating the newly commissioned American Single Malt Whiskey (ASM) category on a global scale - has marked the official category designation from The Alcohol and Tobacco Tax and Trade Bureau (TTB) with the announcement of the ASM Capital Whiskey Fund. The ASM Capital Whiskey Fund is 100% dedicated to the growth of the American Single Malt Whiskey category and is on the ground floor with a strategic and proven whiskey barrel investing model.

Aegis Energy Raising Up To £100 Million From Quinbrook

By Amit Chowdhry ● Jan 30, 2025

Quinbrook Infrastructure Partners - a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition - announced a phased investment of up to £100 million in Aegis Energy. This investment emphasized the construction of the first clean, multi-energy recharging and refueling sites for commercial vehicles in the UK.

Franzy: Funding Raised To Streaming Business Buying Processes

By Amit Chowdhry ● Jan 30, 2025

Franzy, a platform designed to transform the franchising industry, launched after raising $1 million in pre-seed funding. Powered by AI, Franzy streamlines the process of buying a business. And it offers aspiring entrepreneurs a user-friendly and transparent platform to explore and invest in franchising opportunities.

Waterlily: $7 Million (Seed) Funding Raised To Predict Long-Term Care

By Amit Chowdhry ● Jan 30, 2025

Waterlily, a company that uses AI to predict long-term care (LTC) needs up to decades before they happen, today announced the closing of a $7 million seed round led by John Kim, founding partner of Brewer Lane Ventures. And the company also secured strategic investments from Genworth, Nationwide, and Edward Jones. Plus, this round also included participation from key industry leaders including Tim Kneeland (former CEO of GE Insurance & Transamerica LTC), and others. Waterlily previously raised a $2.2 million pre-seed round with notable investors, including Scott Barclay (Managing Director of Healthcare at Insight Partners).

Skyven Technologies: $70 Million Co-Development And Project Finance Agreement Signed With Kyotherm

By Amit Chowdhry ● Jan 30, 2025

Skyven Technologies (a leader in emissions-free industrial steam) and Kyotherm (a financier of renewable thermal energy projects) announced a $70 million co-development and project finance agreement. This partnership offers project funding for accelerating the deployment of Skyven's steam-generating heat pump technology Arcturus aimed at decarbonizing hard-to-abate industries and facilities across the United States. This project finance is driven by Skyven's recent $145 million award from the Department of Energy's (DOE) Office of Clean Energy Demonstrations (OCED).

Canvas: 3D Measurement And Modeling Solutions Company Raises $10 Million (Series A)

By Amit Chowdhry ● Jan 30, 2025

Canvas, a leader in 3D measurement and modeling solutions for residential and light commercial spaces, announced a $10 million Series A funding round led by Trilogy Equity Partners & Foundry Group, with participation from Acquired Wisdom Fund, GC&H Investments, and Frontier VC. This funding will accelerate Canvas's efforts to solve the complex challenge of turning mobile 3D scans into precise, design-ready models tailored for construction and remodeling workflows.

D3: DomainFi Infrastructure Leader Raises $25 Million (Series A)

By Amit Chowdhry ● Jan 30, 2025

DomainFi infrastructure leader D3 Global announced the closing of a $25 million Series A funding round led by Paradigm. The funding round was also joined by notable investors, including Coinbase Ventures, Sandeep Nailwal, co-founder of Polygon Labs, Dharmesh Shah, the founder of HubSpot, and Richard Kirkendall, CEO of Namecheap, highlighting the support from Web2 and Web3 leaders for DomainFi, a decentralized finance layer to accelerate the growth of domains as a real-world asset class.

Neu Health: $2 Million Raised From Cedars-Sinai And OSE

By Amit Chowdhry ● Jan 30, 2025

Cedars-Sinai Intellectual Property Company announced it is partnering with Oxford Science Enterprises (OSE) through a major co-investment initiative. This partnership with OSE, an independent investment company launched as a joint venture with the University of Oxford, will include the ability to co-build and co-invest in future health-tech startups coming out of Oxford.

Rowan Digital Infrastructure: $975 Million In Financing Raised For Hyperscale Campus In Maryland

By Amit Chowdhry ● Jan 30, 2025

Rowan Digital Infrastructure, a hyperscale data center developer and portfolio company of Quinbrook Infrastructure Partners, announced it has closed $975 million of construction financing to build the first phase of a flagship hyperscale data center campus in Maryland, United States. The Phase one construction is underway, with additional phases in advanced development.