Archives

Haveli Investments Buys Controlling Interest In Machine Identity Leader AppViewX

By Amit Chowdhry ● Yesterday at 12:04 AM

AppViewX - a leader in automated certificate lifecycle management (CLM) and public key infrastructure (PKI) solutions - announced a strategic majority investment from Haveli Investments, an Austin-based technology-focused private equity firm with expertise in enterprise software. And the funding, combined with Haveli Investment’s operating expertise, is expected to enable AppViewX further to expand market leadership with its AVX ONE platform and accelerate growth in a rapidly growing market with strong tailwinds generated by the increasing number of machine and non-human identities, shortening transport layer security (TLS) certificate durations, and evolving IT environments.

AMPECO: EV Charging Management Company Secures $26 Million (Series B)

By Amit Chowdhry ● Yesterday at 12:03 AM

AMPECO, a leading EV charging management platform provider, announced it raised $26 million in Series B funding. The funding round was led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This latest funding round brings its all-time raise to $42 million since it was founded in 2019.

Raymond James Onboards $514 Million Sebring, Florida-Based Advisor Team

By Amit Chowdhry ● Dec 1, 2024

Gregg Stupinski, the South Atlantic regional director of Raymond James & Associates (RJA), announced it has welcomed financial advisors Dale Grubb, Matthew Grubb, CFP, and Corbin Hoffner to RJA. This team arrives from Morgan Stanley where they managed over $514 million in assets, and they are joined by practice business manager Joella Libero and senior client service associate Leighann Hylan.

Mediaocean To Buy Innovid In $500 Million Deal

By Amit Chowdhry ● Dec 1, 2024

Mediaocean (a foundational partner for omnichannel advertising) and Innovid (an independent software platform for the creation, delivery, measurement, and optimization of advertising) announced they have entered into a definitive agreement in which Mediaocean will acquire Innovid. And as part of the deal, Innovid will merge with Flashtalking to create a premier global, independent, omnichannel ad tech platform.

EQT Reveals $3.5 Billion Midstream Joint Venture With Blackstone

By Amit Chowdhry ● Dec 1, 2024

EQT Corporation announced that it has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance (BXCI), to form a new midstream joint venture (JV) consisting of EQT’s ownership interest in high-quality contracted infrastructure assets: 1.) Mountain Valley Pipeline, LLC – Series A, 2.) FERC regulated transmission and storage assets, and 3.) the Hammerhead Pipeline.

University Of Cincinnati’s 1819 Venture Lab Partnering With Flywheel For SustainableCincy Cohort

By Amit Chowdhry ● Dec 1, 2024

The University of Cincinnati’s 1819 Venture Lab—in partnership with the Flywheel Social Enterprise Hub—announced it is helping five socially minded startups grow. The first-ever SustainableCincy collaboration between these two startup accelerator programs is expected to drive positive social impact and innovation throughout Greater Cincinnati.

Allink Biotherapeutics: $42 Million (Series A) Raised To Transform Bispecific Antibody And Antibody-Drug Conjugate Therapeutics

By Amit Chowdhry ● Dec 1, 2024

Allink Biotherapeutics, a clinical-stage biotechnology company pioneering next-generation bispecific antibody and antibody-drug conjugate (ADC) therapeutics, announced the completion of a $42 million Series A financing. The funding round was led by Lanchi Ventures with participation from an elite syndicate of new investors, including Yuanbio Venture Capital, Legend Capital, and C&D Emerging Industry Equity Investment, along with support from existing shareholders Gaorong Ventures and Med-Fine Capital.

Propeller Drones Signs $7 Million IEC Contract

By Amit Chowdhry ● Dec 1, 2024

Airwayz, a company in large-scale low-altitude Unmanned Traffic Management (UTM) for drones, announced it was chosen by Propeller Drones to execute its $7 million Israel Electric Corporation (IEC) contract to conduct autonomous operations, including inspection of electrical infrastructure.

Stax.ai: $7 Million Raised To Help TPAs Streamline Operations

By Amit Chowdhry ● Dec 1, 2024

Stax.ai, a transformative solution that empowers retirement third-party administrators (TPAs) to streamline their operations and create efficiencies previously deemed impossible, announced $7 million in new funding led by Neotribe. To date, the company has raised $11.65 million. It will continue its momentum by investing in its next phase of customer growth and product development while building its leadership team.

Theory Ventures: Second Fund Closed At $450 Million

By Amit Chowdhry ● Dec 1, 2024

Theory Ventures, a VC firm specializing in early-stage software investments across data, AI, and web3, announced the closing of its $450 million second fund. After the launch of its inaugural $238 million fund in April 2023, this new fund enables the firm to scale its support for innovators utilizing technology discontinuities into go-to-market advantages and building the next generation of software.

Eden AI: AI Integration Company Raises €3 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

AI integration company Eden AI announced it raised a €3 million seed round led by Galion.exe. 50 Partners and several prominent business angels participated, including Olivier Pomel (Co-Founder of Datadog), Sébastien Pahl (Co-Founder of Docker), and Alix de Sagazan (Co-Founder of ABTasty).

Fifth Third Wealth Reveals $1.8 Billion North Carolina-Based Team

By Amit Chowdhry ● Dec 1, 2024

Fifth Third Wealth Advisors, a multi-custodial registered investment advisory firm, revealed its newest team and office in Winton-Salem, North Carolina.

Fortress Buying Gypsum Manufacturing Company Gyptech

By Amit Chowdhry ● Dec 1, 2024

Fortress Investment Group announced that funds managed by its affiliates have acquired Gyptech, a global leader in the design, construction, and commissioning of gypsum wallboard and asphalt-shingle manufacturing equipment and services.

Savant Wealth Management Buying $239 Million RIA Firm Sortino Advisory Partners

By Amit Chowdhry ● Dec 1, 2024

Savant Wealth Management, a fee-only registered investment adviser RIA, announced the acquisition of veteran-owned Sortino Advisory Partners, a Louisville, Kentucky-based fee-only RIA with $239 million in assets under management and $135.7 million in assets under advisement. Savant did not disclose terms of the deal, which closed on September 30.

WellRX Acquiring Bloodwork And Genetics Company Bioreach

By Amit Chowdhry ● Dec 1, 2024

WellRX, the parent company of preventative healthcare brands ReviveRX and Ways2Well, announced it acquired Bioreach, a bloodwork and genetics laboratory company. This deal brings advanced blood testing capabilities in-house, streamlining diagnostics and enabling the delivery of innovative health tests across WellRX’s ecosystem, such as partner telehealth clinics, weight-loss programs, testosterone therapies, and regenerative medicine services.

Peak Technology Buying 3D Printer Company Type A Machines

By Amit Chowdhry ● Dec 1, 2024

Peak Technology, a provider of rapid prototyping and advanced manufacturing solutions to the semiconductor, biomedical, aerospace, and other deep tech industries, announced it has approved a definitive agreement to acquire all the IP and assets of former 3D printer technology company Type A Machines.

MAG Wealth Management Buys Ovation To Oversee $350 Million In AUM

By Amit Chowdhry ● Dec 1, 2024

MAG Wealth Management announced the acquisition of Ovation Wealth Advisors and its subsequent rebranding to Carson Wealth. This strategic partnership, which includes Carson Group taking a 30% equity stake, exemplifies a new model for industry advisor growth and succession planning. The newly formed Carson Wealth location will oversee $350 million in assets under management (AUM) and be the first Carson Wealth branded location in Minnesota.

Heidelberg Materials To Buy Giant Cement In $600 Million Deal

By Amit Chowdhry ● Dec 1, 2024

Heidelberg Materials North America announced that it has entered into a definitive purchase agreement to acquire Giant Cement Holding Inc. (GCHI) and its subsidiaries, Giant Cement Company, Dragon Products Company and Giant Resource Recovery, from the Fortaleza, Uniland and Trituradora groups.

Aira Technologies: $14.5 Million (Series B) Raised To Apply AI To Cellular Network Infrastructure

By Amit Chowdhry ● Dec 1, 2024

Aira Technologies, a leader in applying AI to cellular network infrastructure, announced it has raised $14.5 million in Series B to expand and accelerate its AI/ML-based solutions to drive improvements in operating, energy, and spectral efficiency.

Summit Financial: $420 Million Asset Acquisition Of Three Leading Advisory Firms

By Amit Chowdhry ● Dec 1, 2024

Summit Financial, an investment advisory firm with over 40 years of experience providing market-leading, multi-family office services that enable financial advisors to accelerate growth, announced that advisors from three firms - Southeast Financial Group (SEFG), Radiance Private Wealth, and Silvertree Retirement Planning - have joined its network. Summit’s partnership model Summit Growth Partners (SGP) has strategically invested in SEFG, Radiance, and Silvertree, elevating its total strategic investments to 16 for the year.

LPL Financial Brings In $250 Million RIA Happier Wealth Team

By Amit Chowdhry ● Dec 1, 2024

LPL Financial announced that financial advisors Will Beck, CFP, Mike Macfarlane, CASL, CLU, ChFC, Tyler Vongsawad, CLU, ChFC, CASL, CFP, MSFS, and Sam Rosen, CFP, have joined LPL Financial’s broker-dealer, RIA, and custodial platforms to launch a new independent practice, Happier Wealth. They reported having served about $250 million in advisory, brokerage, and retirement plan assets and joining LPL from Northwestern Mutual.

StoreCash: Cashback And Financial Mobile Application Company Raises $3.7 Million (Seed)

By Amit Chowdhry ● Dec 1, 2024

StoreCash, a cashback and financial mobile application company, announced the close of a $3.7 million seed round led by Black Operator Ventures (Black Ops). Returning investor MaC Venture Capital (MaC VC), 43North Foundation, Alumni Ventures, Buffalo Angels, Popular Ventures, and Mucker Capital participated.

Cetera Brings In $300 Million FA Bart Schulte

By Amit Chowdhry ● Dec 1, 2024

Cetera Financial Group, a premier financial advisor Wealth Hub, announced that Bart Schulte has joined Cetera Investment Advisers. Schulte is utilizing Cetera's growing RIA Blueprint platform to support his exclusive advisory business as an investment adviser representative. He will have access to the resources and support provided through the Cetera Advisors community. And he oversees approximately $300 million in assets under management (as of August 31, 2024) and previously managed client portfolios for nearly seven years in his latest role in his 24-year financial services industry career.

Modera Wealth Management Buying $467 Million Firm Bay Point

By Amit Chowdhry ● Dec 1, 2024

Modera Wealth Management - a fee-only comprehensive financial planning firm with $12.5 billion in assets under management (as of September 2024) - announced its acquisition of Bay Point Wealth, a registered investment adviser firm with offices in Annapolis and Stevensville, Maryland, and $467 million in assets under management (as of September 2024).

InfraRed Capital Partners: $1 Billion Closed For Sixth Value-Add Fund

By Amit Chowdhry ● Dec 1, 2024

InfraRed Capital Partners - an international infrastructure asset manager - announced the final closing of InfraRed Infrastructure Fund VI, with capital commitments above $1 billion USD, including co-investment vehicles and separately managed accounts (SMAs). This is InfraRed’s sixth flagship value-add infrastructure fund, which attracted institutional investors from North America, UK, Europe, and Asia.

Solvento: $12.5 Million (Series A) Raised To Automate Payments And Invoices For Trucking Companies

By Amit Chowdhry ● Nov 30, 2024

Solvento - a fintech company that automates payments, finances invoices, and addresses liquidity needs for carriers in the trucking industry in Mexico and the US - announced it raised $12.5 million in its Series A funding round.

Levanta: Amazon Seller Marketing Platform Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 30, 2024

Levanta, a leading affiliate marketing platform for Amazon sellers, announced it raised a $20 million Series A funding round led by Volition Capital. This funding will enable Levanta to expand its platform capabilities, accelerate growth, and cement its position as a leading creator-driven commerce platform for Amazon sellers.

MetOx: High Temperature Superconducting Company Secures $15 Million

By Amit Chowdhry ● Nov 30, 2024

MetOx International - a U.S. leader in High Temperature Superconducting (HTS) technology - announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors, such as Duquesne Family Office, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr's Family Office together with Ryan Panchadsaram, among others.

Illumen Capital: Systemic Inequity Focused Firm Raises $32.75 Million For Catalyst Fund

By Amit Chowdhry ● Nov 30, 2024

Illumen Capital - an impact fund of funds addressing systemic inequity by reducing racial and gender bias in investing - announced the raising of its $32.75 million Catalyst Fund, a vehicle designed for supporting first-time fund managers and entrepreneurs, particularly those from underrepresented backgrounds.

Spectro Cloud: Kubernetes Management Company Raises $75 Million (Series C)

By Amit Chowdhry ● Nov 29, 2024

Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, announced it has raised a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.