Archives

Tribal Diagnostics: Native American-Owned Medical Diagnostics Company Raises $3.2 Million

By Annie Baker ● Aug 21, 2023

Raven Indigenous Capital Partners recently announced an investment into Tribal Diagnostics, a Native American-owned high complexity medical diagnostics laboratory serving medical providers in and around Indian Country. The $3.2 million investment will fund growth into new markets, lab service innovations, and increased hiring. And Tribal Diagnostics is growing to meet the needs of more clients in more locations.

Mobilo: Digital Business Card Company Raises $4.1 Million

By Amit Chowdhry ● Aug 21, 2023

Mobilo - the maker of the first smart business card for teams and the digital business card scene - recently announced it raised $4.1 million in seed funding. Deepwork Capital, TMT Investments, and some Dutch angel investors provided the funding. The company is now primed to make artificial intelligence (AI) the new best friend of your networking events and meetings, turning casual encounters into lead-generation opportunities.

Beeyond Media: Programmatic Digital Out of Home Ad Demand-Side Platform Closes $10 Million

By Dan Anderson ● Aug 21, 2023

Beeyond Media - a leading programmatic Digital Out of Home (DOOH) advertising demand-side platform (DSP) - recently announced the closing of a $10 million seed round led by Ricardo Uribe of RAU Capital and Beeyond Media board member. This latest funding round will be used to scale the Beeyond business in the United States and Latin America and help Beeyond Media expand its vast connected inventory in other markets throughout 2024. This latest round of funding brings total dollars raised to $12.5 million.

UV Angel: $11 Million Closed For Developing IoT-Based Tech For Reducing Health And Safety Hazards

By Noah Long ● Aug 21, 2023

Pallas Ventures - a dual-use venture capital firm specializing in national security, defense, and innovation - recently announced an investment in UV Angel, an IoT-based technology company that reduces health and safety hazards. The $11 million Series A Round extension comes after significant market and technology advances by the company.

HerMD: $18 Million Secured To Improve Women’s Healthcare

By Annie Baker ● Aug 21, 2023

HerMD - a female-founded physician-led women’s health provider committed to revolutionizing women’s healthcare - recently announced it has secured $18 million in an oversubscribed Series A-1 round led by existing investor JAZZ, with participation from B-Flexion and Amboy Street Ventures. This new funding round brings HerMD’s total funding to nearly $30 million.

Enlight: This Company Is A Go-To Source For Utility-Scale Renewable Energy Projects

By Amit Chowdhry ● Aug 21, 2023

Enlight Renewable Energy is a company that develops, finances, constructs, owns and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind, and energy storage. To learn more, Pulse 2.0 interviewed Enlight Renewable Energy CEO Gilad Yavetz.

Verdigris: $10 Million Raised To Accelerate Adoption Of AI-Powered Energy Management Platform

By Annie Baker ● Aug 21, 2023

Verdigris - a leading provider of AI-powered energy management solutions - recently announced an investment of $10 million to support the company’s next growth phase. And Verdigris’ platform provides carbon-intensive enterprises with the highly granular, real-time data and analysis needed to progress towards net zero goals, reduce Scope 2 emissions, and maintain compliance with emerging disclosure requirements.

Driver Technologies: Using AI To Offer A Safer Driving Experience

By Amit Chowdhry ● Aug 21, 2023

Driver Technologies is an AI-based mobility tech company that delivers a safer driving experience. Pulse 2.0 interviewed Driver Technologies CEO and co-founder Rashid Galadanci to learn more.

LEO Pharma Buying Timber Pharmaceuticals In A Deal Valued Up To $36 Million

By Dan Anderson ● Aug 21, 2023

Leo Pharma recently announced that it signed an agreement to acquire U.S.-listed Timber Pharmaceuticals. And upon closing, this deal will add an attractive late-stage asset to LEO Pharma’s pipeline in medical dermatology. The deal is subject to certain closing conditions, including, but not limited to, Timber Pharmaceuticals’ shareholder approval.

Permian Resources Buying Earthstone Energy In A $4.5 Billion Deal: Details

By Amit Chowdhry ● Aug 21, 2023

Permian Resources and Earthstone Energy have announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.

Cano Health Names Mark Kent As Permanent CEO

By Annie Baker ● Aug 21, 2023

Cano Health - a leading value-based primary care provider and population health company - recently announced that its Board of Directors has appointed Mark Kent as Chief Executive Officer, effective immediately. The Board also elected Kent - who has served as interim Chief Executive Officer since June 16, 2023 - to Cano Health's Board of Directors. The Board also announced that Dr. Marlow Hernandez stepped down from the Board effective immediately.

Venn Software: This Company Is Helping Secure Remote Work On Any BYOD Computer

By Amit Chowdhry ● Aug 21, 2023

Venn is a company providing purpose-built technology for secure Bring-Your-Own PC (BYO-PC). Securing remote work on any unmanaged or Bring-Your-Own-Device (BYOD) computer, Venn is a solution that is radically more simple and less costly than using virtual desktops or locking down every PC. Pulse 2.0 interviewed Venn Software co-founder and CEO David Matalon to learn more.

AMIT Wireless And Actility Partnering To Deploy Citizens Broadband Radio Service

By Amit Chowdhry ● Aug 20, 2023

AMIT Wireless (the industry pioneer in Industrial IoT or IIoT gateway solutions) and Actility (a world leader in IoT connectivity solutions) announced a strategic partnership to facilitate deployment of CBRS (Citizens Broadband Radio Service) IoT use cases for backhauling LoRaWAN gateway traffic.

DynamoFL: $15.1 Million Closed For Scaling Enterprise Privacy-Focused Generative AI

By Noah Long ● Aug 20, 2023

DynamoFL recently announced that it had closed a $15.1 million Series A funding round to meet demand for its privacy- and compliance-focused generative AI solutions. Fresh off a recent $4.2 million seed round, the company has raised $19.3 million to date. And DynamoFL's flagship technology, which enables customers to safely train Large Language Models (LLM) on sensitive internal data, is already in use by Fortune 500 companies in finance, electronics, insurance, and automotive sectors.

ElectroTempo: Planning And Intelligence Platform For Electric Charging Networks Raises $4 Million

By Dan Anderson ● Aug 20, 2023

ElectroTempo - a pioneer in planning and intelligence software for electric charging networks - recently announced that it raised $4 million in seed funding. The funding round was led by Buoyant Ventures (a women-owned Chicago-based venture capital firm focusing on technology start-ups looking to combat climate change). The company's lead pre-seed investor, Schematic Ventures, returned to participate in the round, and a venture fund associated with a key customer Zebox Ventures, also joined the coalition.

Marqo: Multimodal Vector Search Company Secures $5.2 Million

By Noah Long ● Aug 20, 2023

Marqo - a startup enabling AI-powered search and discovery - announced it had closed US $ 5.2 million in seed investment. And the funding round - led by Blackbird Ventures - also includes the support of Creator Fund, January Capital, and Cohere's co-founders, Ivan Zhang and Aidan Gomez. This funding round will be used to develop a new form of vector search technology that continuously improves based on user engagement, differentiating it from existing vector databases.

ShipCalm: E-Commerce Fulfillment And Third-Party Logistics Provider Company Closes $2 Million

By Noah Long ● Aug 20, 2023

ShipCalm - an e-Commerce fulfillment and third-party logistics provider, has announced it will use a recent $2 million financing round to help small-to-medium-sized businesses (SMBs) further solve these operational challenges.

Mitra Chem: Lithium-Ion Battery Materials Company Secures $60 Million

By Annie Baker ● Aug 20, 2023

Mitra Future Technologies - a leading innovator in North American production of lithium-ion battery materials - recently announced the completion of a $40 million first close of $60 million Series B funding round led by GM. This funding round will fuel Mitra Chem's mission to develop, deploy and commercialize U.S.-made iron-based cathode materials to enable mass-market electrification for electric vehicles, energy storage solutions, and beyond.

Bruker Buying PhenomeX In A $108 Million Deal

By Noah Long ● Aug 20, 2023

Bruker Corporation and PhenomeX Inc. recently announced that they have signed a definitive agreement for Bruker to acquire PhenomeX for $1 per share in an all-cash transaction. The proposed deal values PhenomeX at a total equity value of approximately $108 million. PhenomeX is a functional cell biology company that provides single-cell biology research tools to deliver deep insights into cellular function and new perspectives on phenomes and genotype-to-phenotype linkages.

Bain Capital Private Equity Buying Fogo de Chão From Rhône Capital

By Annie Baker ● Aug 20, 2023

Fogo de Chão - the internationally renowned restaurant brand from Brazil - recently announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity to accelerate its growth and expansion. And Fogo will continue to operate under its current management team led by Chief Executive Officer Barry McGowan. And the funds affiliated with Rhône Capital (along with affiliates) have owned Fogo since taking the company private in 2018. The financial terms of the private purchase were not disclosed.

D’Amelio Brands: $5 Million Raised To Expand Into Food And Beverage Sector

By Amit Chowdhry ● Aug 20, 2023

D'Amelio Brands - a new venture and cross-platform company created by entrepreneurs Marc and Heidi and social media stars Dixie and Charli - recently announced a $5 million strategic investment from the consumer-focused media and tech firm Fifth Growth Fund (FGF). This funding round will drive the company's expansion into the Food & Beverage sector, with the imminent launch of D'Amelio Foods.

Assembly Ventures: $76 Million Inaugural Mobility Fund Announced

By Amit Chowdhry ● Aug 20, 2023

Assembly Ventures - the first early-stage transatlantic venture capital platform investing in technologies across the mobility sector - recently announced the successful closing of their inaugural $76 million Assembly Ventures Fund I (Assembly I). Focused on series seed, A, and B investments, Assembly strategically supports outstanding entrepreneurs driving transformative innovations across land, air, sea, and space.

Why Tapestry Is Buying Capri For $8.5 Billion

By Annie Baker ● Aug 20, 2023

Tapestry (a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman) and Capri Holdings Limited (a global fashion luxury group consisting of Versace, Jimmy Choo, and Michael Kors) recently announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction Capri Holdings shareholders will receive $57.00 per share in cash for a total enterprise value of approximately $8.5 billion.

Northleaf Invests $200 Million In Tillman FiberCo

By Noah Long ● Aug 20, 2023

Tillman FiberCo, LLC (a leading developer and owner of symmetrical gigabit broadband) and Northleaf Capital Partners (a leading global private markets investment firm) recently announced a strategic partnership. The funds managed by Northleaf have made an initial investment of $200 million, with the potential to invest up to $300 million more as Tillman FiberCo scales its operations.

Why Emerson Is Buying Afag

By Annie Baker ● Aug 19, 2023

Emerson recently announced a definitive agreement to acquire Afag Holding AG, an innovative leader in electric linear motion, feeding, and handling automation solutions. Based in Zell, Switzerland, Afag will bring state-of-the-art technology and innovation to Emerson.

Clari Buying Sales Engagement Leader Groove: Details

By Amit Chowdhry ● Aug 19, 2023

Clari recently announced it is acquiring Groove, a market leader in sales engagement. And integrating Groove's sales engagement capabilities with Clari's AI-powered Revenue Platform will give companies unprecedented visibility, predictability, and control across the end-to-end revenue process. Customers will immediately reduce tech spend and complexity while increasing pipeline, conversions, and win rates.

Why Energy Transfer Is Buying Crestwood For $7.1 Billion

By Amit Chowdhry ● Aug 19, 2023

Energy Transfer LP and Crestwood Equity Partners LP recently announced that the parties have entered into a definitive merger agreement under which Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, 2023.

Mixlab: Pet Prescription And Wellness Solutions Company Raises $10 Million

By Amit Chowdhry ● Aug 18, 2023

Mixlab - a veterinarian-partnered pharmacy and leader in pet prescription and wellness solutions company - recently announced a $10 million funding round led by Vanterra Ventures, with participation from Lakehouse Ventures and others. And The investment will fuel Mixlab’s ambitious growth plans, enabling the company to expand its operations and product offering further, enhance its technology platform, and reach profitability.

Metal: Helping Developers Build Production-Grade LLM Apps Intended For Real-World Use

By Amit Chowdhry ● Aug 18, 2023

Metal is a fully managed service that enables developers to build LLM applications. Metal removes the complexity of building with the LLM stack, providing data transformation, infrastructure, querying, memory, APIs, etc. Pulse 2.0 interviewed Metal co-founder Taylor Lowe to learn more.

Georgiamune: Clinical-Stage Biotechnology Company Closes $75 Million In Funding

By Amit Chowdhry ● Aug 18, 2023

Georgiamune - a privately held clinical-stage biotechnology company - recently announced the clearance of its Investigational New Drug (IND) application by the U.S. Food and Drug Administration (FDA) for GIM-122, a dual-functioning monoclonal antibody. And the company completed a $75 million Series A financing, positioning Georgiamune as a promising new biotechnology company in the fields of oncology and autoimmune diseases.