Archives

Northpond Labs Invests In Wyss Institute’s Lab-On-A-Molecule Drug Discovery Project

By Noah Long ● Apr 5, 2023

The Wyss Institute for Biologically Inspired Engineering at Harvard University, Boston Children’s Hospital, and Northpond Labs - which is the research-and-development affiliate of Northpond Ventures - have entered into an agreement where Northpond Labs will support the Institute’s “Lab-on-a-Molecule” project.

MPowered Capital Announces Final Close Of Access Fund I At $110 Million

By Annie Baker ● Apr 4, 2023

MPowered Capital - a women-led, independently-managed investment firm - has announced the final close of MPowered Capital Access Fund I with $110 million in committed capital

Extra Space Storage And Life Storage Merging In $12.7 Billion Deal: Details

By Amit Chowdhry ● Apr 4, 2023

Extra Space Storage Inc. (NYSE: EXR) and Life Storage, Inc. (NYSE: LSI) announced that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage for $12.7 billion.

CrossAmerica Partners Signs A New $925 Million Credit Facility

By Noah Long ● Apr 4, 2023

CrossAmerica Partners LP has announced that it entered into an amended and restated 5-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank, N.A. This Amended Facility provides a borrowing capacity of up to $925 million.

UserTesting And UserZoom Merging To Create Experience Research Powerhouse

By Noah Long ● Apr 4, 2023

Video-based human insight leader UserTesting and UX insights leader UserZoom have announced a merger. This new company will use the UserTesting company name and be led by the current UserTesting Chief Executive Officer Andy MacMillan, and a combined executive team.

Eli Health Raises $5 Million To Enhance Women’s Lifelong Health

By Annie Baker ● Apr 4, 2023

Eli - a healthcare company committed to enhancing women's lifelong health through saliva-based hormone testing - announced that it raised CAD $5 million in a new funding round to drive its next phase of growth.

Team8: How This Firm Employs A Unique Foundry Venture Model

By Amit Chowdhry ● Apr 4, 2023

Team8 is an Israel-based venture firm that builds and invests in companies that specialize in cybersecurity, data, fintech, and digital health. To learn more about the firm, Pulse 2.0 interviewed Team8 VP of Marketing Asaf Azulay.

Continuous Integration Optimization Company Redefine.dev Secures $8.5 Million

By Noah Long ● Apr 4, 2023

Redefine.dev announced that it has emerged from stealth with $8.5 million as a seed round of funding led by Gillot Capital.

Quantexa: $129 Million Funding And $1.8 Billion Valuation

By Annie Baker ● Apr 4, 2023

Quantexa - a global leader in Decision Intelligence (DI) solutions for the public and private sectors - announced that it has completed a $129 million Series E funding round. This latest funding round secures the British company’s unicorn status with a valuation of $1.8 billion.

How White Knight Labs Is Becoming A Go-To Cyber Consultancy

By Amit Chowdhry ● Apr 4, 2023

White Knight Labs is a cyber security consultancy that specializes in offensive cyber engagements. The company is headed by Greg Hatcher, an entrepreneur who transitioned from the military in 2017. To learn more about the company, Pulse 2.0 interviewed Greg Hatcher.

Push Security Raises $15 Million To Scale SaaS Protection

By Amit Chowdhry ● Apr 4, 2023

Push Security - a company that is simplifying SaaS security for modern IT and cybersecurity teams - announced it has raised $15 million in Series A funding.

Mars To Buy Heska For $1.3 Billion: Details

By Annie Baker ● Apr 4, 2023

Mars, Incorporated and Heska Corporation announced this week that they have entered into a definitive agreement under which Mars will acquire Heska, a global provider of advanced veterinary diagnostic and specialty products for $120 per share.

Endeavor To Merge UFC And WWE As Part Of $21 Billion Deal: Details

By Amit Chowdhry ● Apr 4, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) and World Wrestling Entertainment, Inc. (NYSE: WWE) announced that they have signed a definitive agreement to form a new publicly listed company consisting of two iconic complementary, global sports and entertainment brands: UFC and WWE. And upon the close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.

PxE Holographic Imaging Raises $6.5 Million To Bring Depth And Infrared Capabilities To Sensors At Lower Costs

By Amit Chowdhry ● Apr 4, 2023

PxE Holographic Imaging - a company that develops holographic imaging cameras - announced that it comes out of stealth with a $5.4 million Seed Round led by KDT - Koch Disruptive Technologies (the technology investment arm of Koch Industries) and M Ventures (the venture investment arm of Merck).

Ovintiv Buying Core Midland Basin Assets For $4.275 Billion

By Amit Chowdhry ● Apr 4, 2023

Ovintiv announced it has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy, and Piedra Resources (NMB sellers), which are portfolio companies of funds managed by EnCap Investments L.P. in a cash and stock transaction valued at approximately $4.275 billion.

nVent Electric Buying ECM Investors For $1.1 billion

By Annie Baker ● Apr 3, 2023

nVent Electric has entered into a definitive agreement to buy ECM Investors, LLC, the parent of ECM Industries, LLC, for a purchase price of $1.1 billion, subject to customary adjustments. ECM Industries is a leading provider of high-value electrical connectors, tools and test instruments, and cable management.

Cummins To Invest Over $1 Billion In Upgrading Its Facilities

By Amit Chowdhry ● Apr 3, 2023

Cummins announced that in addition to recent investments in Fridley, the company is investing over $1 billion across its U.S. engine manufacturing network in Indiana, North Carolina, and New York.

Tesla Announces Vehicle Production And Deliveries For Q1 2023

By Amit Chowdhry ● Apr 3, 2023

Tesla has announced its vehicle production and delivery numbers for the first quarter of 2023.

Xpeng Reveals Vehicle Delivery Results For March And Q1 2023

By Annie Baker ● Apr 3, 2023

XPeng (NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle company, announced its vehicle delivery results for March and the first quarter of 2023.

Fixie Raises $17 Million To Help Companies Integrate LLMs Into Software Stacks

By Amit Chowdhry ● Apr 3, 2023

Fixie - a cloud-hosted platform-as-a-service company that enables companies to build and integrate smart agents that utilize the power of Large Language Models (LLMs) with connections to their own data sources, systems, and tools - announced that it has raised $17 million in seed funding. And the company also announced that it launched the Fixie Developer Preview, which enables anyone to integrate LLMs into their own applications, data, and tools.

Climate And Fintech Company Agreena Secures €46 Million

By Amit Chowdhry ● Apr 3, 2023

Climate and fintech company Agreena - a company whose soil carbon platform is one of the largest globally - announced its Series B raise of €46 million. Led by HV Capital, the funding round has an exciting composition of new investors including impact fund AENU and fintech-focused Anthemis. And the funding is also supported by a doubling-down from existing shareholders, including evergreen food investor Gullspång Re:food, well-established tech investor Kinnevik and Denmark’s Export and Investment fund.

Multi-Omics Insight Platform Watershed Informatics Closes $14.5 Million

By Noah Long ● Apr 3, 2023

Watershed Informatics - a developer of a multi-omics insight platform for biopharmaceutical discovery teams - announced the closing of a $14.5 million Series A funding round led by Canvas Ventures with participation from existing investors Bessemer Venture Partners and Accomplice Ventures. This funding round enables Watershed to strengthen commercial traction, accelerate product innovation, and ultimately transform how scientists discover medicines with multi-omics.

Zero-Trust Content Company Votiro Raises $11.5 Million

By Annie Baker ● Apr 3, 2023

Votiro - a category leader in delivering safe content - announced it has raised $11.5 million in a Series A funding round led by Harvest Lane Asset Management.

Berkeley SkyDeck Announces Demo Day For Batch 15 With 18 Startups

By Amit Chowdhry ● Apr 3, 2023

Berkeley SkyDeck - which is the global hub for entrepreneurship and a leading accelerator - announced that Demo Day for Batch 15 will happen on April 4, 2023. And investors from several major Silicon Valley venture capitalist firms will hear from 18 startups, including 15 new companies and three alumni startups, hailing from 8 countries and 4 continents (North America, Europe, Australia, and Asia).

Commercial Lending Process Company Foro Raises $4 Million

By Annie Baker ● Apr 3, 2023

Foro - a commercial lending platform that increases access to capital for growing businesses - announced the completion of a $4 million Series A extension funding round and the addition of two new investors. Investors in this round include TTV Capital, Fin Capital, Correlation Ventures, AME Cloud Ventures, and new two investors: Gaingels and B3 Capital.

Healthcare Enablement Company Florence Raises $20 Million

By Amit Chowdhry ● Apr 3, 2023

Florence - a healthcare enablement software company - announced it has launched out of stealth mode after raising $20 million in seed funding. The funding round was led by Thrive Capital, GV (Google Ventures), and Salesforce Ventures with participation from Vast Ventures, BoxGroup, and Atento Capital.

Finverity Raises $5 Million To Reinvent The Supply Chain Finance Market

By Noah Long ● Apr 3, 2023

Finverity - a digital ecosystem for trade and supply chain finance - announced it has raised $5 million in a heavily oversubscribed equity funding round from new and current investors.

Fraud Protection Company DataDome Closes $42 Million

By Dan Anderson ● Apr 3, 2023

DataDome - a provider of AI-powered online fraud and bot management - announced a $42 million Series C funding round. This funding round was led by InfraVia Growth with participation from existing investors Elephant, ISAI, and others, to support DataDome on its mission to rid the web of bot-driven cyberattacks and fraud.

Enterprise Software Provider Company Parloa Secures €20 Million

By Annie Baker ● Apr 3, 2023

Parloa - a Berlin-based enterprise software provider - is a company that puts a halt to endless wait times and subpar customer service bots. And the company has just completed a successful round of financing at 20 million Euros in backing from leading investors led by prestigious firm EQT Ventures and including new funding from existing investors Newion and Senovo.

NIO Announces March And First Quarter 2023 Delivery Update

By Amit Chowdhry ● Apr 3, 2023

NIO - a leading company in the premium smart electric vehicle market-based in China - announced its March and first quarter 2023 delivery results.