Archives

SynOx Therapeutics: $35 Million In Debt Financing Raised From Hercules Capital

By Amit Chowdhry ● May 5, 2024

SynOx Therapeutics, a late-stage clinical biopharmaceutical company developing emactuzumab for the treatment of Tenosynovial Giant Cell Tumour (TGCT) and other diseases, announced it has entered into a $35 million loan facility with Hercules Capital. The deal strengthens the Company's balance sheet as it executes TANGENT, a registrational Phase 3 study of emactuzumab, SynOx's potentially best-in-class CSF-1(R) inhibiting monoclonal antibody (mAb) for the treatment of TGCT.

Unicorn: Spirits And Wine Platform Closes $5.8 Million

By Amit Chowdhry ● May 5, 2024

Unicorn, a tech-enabled platform for spirits and wine collectors globally, announced a seed funding round totaling $5.8 million. And the company is being backed by a combination of institutional investors, including Protagonist, Blue Equity, 640 Oxford, Middleton Partners, and noteworthy angels like Jason Pritzker, Edward Lando, Andrew Macdonald, Ken Fredrickson (Master Sommelier), the Wirtz and Merinoff Families, and co-founders of VII(N)-The Seventh Estate: Asani Swann and NBA All-Star and entrepreneur, Carmelo Anthony, further validating Unicorn’s entrance into the world of spirits and wine.

Enlaza Therapeutics: Covalent Biologic Platform Company Secures $100 Million

By Amit Chowdhry ● May 4, 2024

Covalent biologic platform company Enlaza Therapeutics announced a $100 million Series A funding round. This round of funding will be used to develop Enlaza’s proprietary covalent protein technologies further and support the advancement of wholly owned pipeline programs to the clinic.

PsiQuantum: Utility-Scale Quantum Computer Company Raising A$940 Million

By Amit Chowdhry ● May 4, 2024

PsiQuantum announced it will build the world’s first utility-scale quantum computer at a strategically located site near the Brisbane Airport in Brisbane, Australia. The Australian Commonwealth and Queensland Governments will invest $940 million AUD ($620 million USD) in PsiQuantum through equity, grants, and loans.

Inhabitr: AI-Powered Commercial Real Estate Furnishing Platform Secures $27 Million

By Amit Chowdhry ● May 4, 2024

Inhabitr, an AI-powered commercial real estate furnishing platform, announced it has raised $27 million in a Series B funding round led by Hamilton Ventures and other influential commercial real estate owners and operators.

Plover Parametrics: $5 Million Raised And Specialty Brokerage Launched

By Amit Chowdhry ● May 4, 2024

Plover, a tech-enabled commercial insurance brokerage, announced it has launched operations helping brokers obtain solutions for climate and emerging risks. Plover works on bringing specialty products to disrupted markets, specializing in wildfire, flood, wind, and other perils where admitted carriers continue to pull back.

Guesty Acquires Vacation Rental Property Platform Rentals United

By Amit Chowdhry ● May 3, 2024

Guesty, a leading property management software platform for the short-term rental (STR) and hospitality industry, announced the acquisition of Rentals United, a cloud-based platform for distributing and promoting properties across multiple listing sites. This acquisition combines two sophisticated software providers in the STR space to create a solid offering that opens up new revenue opportunities for property managers.

Stored Energy Solutions Company EnerSys Acquiring Bren-Tronics For $208 Million

By Amit Chowdhry ● May 3, 2024

EnerSys, a global leader in stored energy solutions for industrial applications, announced it has entered into a definitive agreement to buy Bren-Tronics in an all-cash transaction of $208 million. This purchase price represents approximately 8.7 times Bren-Tronics’ adjusted EBITDA for the twelve months ending December 31, 2023.

DLA Piper: Xavier Guzman Named Country Managing Partner for Luxembourg

By Amit Chowdhry ● May 3, 2024

Global law firm DLA Piper appointed Xavier Guzman as the Country Managing Partner for Luxembourg, effective May 1, 2024. Guzman will succeed Catherine Pogorzelski, who has successfully led DLA Piper’s Luxembourg office since its inception. The firm is marking 10 years in the location. This announcement follows the office's relocation in early April to a new central Luxembourg address.

Locate Bio: Orthobiologics Company Raises £9.2 Million

By Amit Chowdhry ● May 3, 2024

Locate Bio, an orthobiologics company, announced the successful completion of an oversubscribed £9.2 million funding round from Mercia Ventures and BGF, both new and existing investors. The proceeds will be used to fund a clinical study of LDGraft, which is a bone graft substitute for spinal fusion.

Amae Health: $15 Million Closed To Deliver Care For People With Mental Illnesses

By Amit Chowdhry ● May 3, 2024

Amae Health, a company that is delivering patient-centered care for people with severe mental illness, announced the successful closing of its oversubscribed $15 million Series A funding round. This funding round was led by Quiet Capital and included a significant investment from Healthier Capital (founded by Amir Dan Rubin, the former CEO of One Medical). Other investors in the round included Baszucki Group, Index Ventures Managing Partner Mike Volpi, and all of the original seed investors: Bling Capital, 8VC, Virtue, and Able Partners. Amae Health will use the new round of funding to drive its goal of transforming care for severe mental illness (SMI) through its psychiatry-led model.

Backflip: Real Estate Fintech Company Secures $15 Million

By Amit Chowdhry ● May 3, 2024

Backflip, an all-in-one real estate and financial technology platform for real estate entrepreneurs, announced its $15 million Series A led by FirstMark Capital and early investors in category-defining platforms Airbnb, Shopify, and Pinterest. The previous investors Vertical Venture Partners, LiveOak Venture Partners, Revel Partners, ECMC, the real estate company Crow Holdings, and notable angels Greg Waldorf, Rob Barber, Gregg Freishtat, CEOs and former Board Members at Zillow, Attom Data, and GreenSky, respectively, also participated in the round.

Adaptilens: $17.5 MIllion Raised For Transforming The Care For Cataract Surgery

By Amit Chowdhry ● May 3, 2024

Adaptilens, a pre-clinical company dedicated to transforming the standard of care for cataract surgery, announced the closing of a Series A financing round of $17.5 million led by Perceptive Xontogeny Venture Funds (PXV Funds), with additional investments from Pillar VC, 380 Cap, and Accanto Partners. This funding round will drive the development of the company's Accommodating Intraocular Lens (A-IOL), the first and only biomimetic intraocular lens through first-in-human trials.

Golub Capital: $2 Billion Sixth Credit Opportunities Fund Closed

By Amit Chowdhry ● May 3, 2024

Golub Capital announced the final closing of its sixth credit opportunities fund, GEMS Fund 6, L.P. (Fund 6), with $2 billion of investable capital. Fund 6 is Golub Capital’s largest Credit Opportunities fund to date. The commitments were over the target fundraise and came from a diverse range of global institutional and private wealth investors across North America, Europe, the Middle East, and Asia.

Blend Labs: $150 Million Raised From Haveli Investments

By Amit Chowdhry ● May 3, 2024

Blend Labs, a leading provider of cloud banking services, and Haveli Investments (a technology-focused private equity firm) announced a $150 million investment in Blend Labs by Haveli Investments in the form of convertible preferred stock with a 0% coupon. Blend will use about $145 million of the proceeds to repay all amounts payable under its existing credit agreement and the remainder for general corporate purposes. This funding further strengthens Blend’s financial position and balance sheet for long-term growth and value creation.

AiDash: $58.5 Million Raised To Make Infrastructure Industries Climate-Resilient

By Amit Chowdhry ● May 3, 2024

AiDash, an enterprise SaaS company making critical infrastructure industries climate resilient and sustainable with satellites and AI, announced the official closing of its Series C funding round at $58.5 million. The company’s Series C funding round (initially at $50 million) was oversubscribed and drew in additional investors, including leading private equity firm Lightsmith Group, and Japanese conglomerate Marubeni Corporation. This brings the company’s total funding raised to date to $91.5 million.

LPL Brings In $860 Million Strategic Wealth Partners Team

By Amit Chowdhry ● May 3, 2024

LPL Financial announced that the advisors at Strategic Wealth Partners have joined LPL Financial’s broker-dealer, RIA and custodial platforms. This team reported serving about $860 million in advisory, brokerage and retirement plan assets and joins LPL from Lincoln Financial.

Ansa: Merchant Transaction Solutions Company Raises $14 Million

By Amit Chowdhry ● May 3, 2024

Ansa, a fintech infrastructure solution enabling merchants to launch branded customer wallets, announced a $14 million Series A funding round. This funding round was led by Renegade Partners with participation from Bain Capital Ventures, B37 Ventures, Box Group, and Wischoff Ventures.

beehiiv: Email Newsletter Company Secures $33 Million

By Amit Chowdhry ● May 3, 2024

Beehiiv, a rapidly growing email newsletter platform, announced a $33 million Series B round led by NEA and participating investors including Sapphire Sport. The company had previously raised $12.5 million in a Series A fundraise last June, led by Lightspeed Venture Partners, who also participated in the Series B.

Qlaris Bio: $24 Million Raised To Target Unmet Needs In Debilitating Ophthalmic Diseases

By Amit Chowdhry ● May 3, 2024

Qlaris Bio, a clinical-stage biotechnology company targeting unmet needs in debilitating ophthalmic diseases, announced that it has closed $24 million in Series B. The funding round was co-led by Canaan and New Leaf Venture Partners. The financing also included new participation from funds managed by abrdn, and existing investors Mayo Clinic Ventures and Correlation Ventures.

Island: Enterprise Browser Company Raises $175 Million And $3 Billion Valuation

By Amit Chowdhry ● May 3, 2024

Enterprise browser company Island announced a $175 million Series D funding round. This new round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. This funding round was led by new investor Coatue and existing investor Sequoia Capital, with additional funding from other existing investors.

Apptega: Cybersecurity Compliance Platform Company Raises $15 Million

By Amit Chowdhry ● May 3, 2024

Apptega, an end-to-end cybersecurity compliance platform company, announced it has raised $15 million in growth capital, including third-party debt and growth equity from Mainsail Partners. This funding will go toward development of its continuous security and compliance platform, which is among few purpose-built for service providers such as MSSPs and MDR companies.

Trovo Health: $15 Million Raised To Enable Healthcare Providers To Extend Services

By Amit Chowdhry ● May 3, 2024

Trovo Health announced that it is launching with a $15 million fundraise led by Oak HC/FT. Trovo uses an AI-powered platform backed by a multidisciplinary care team to help providers extend their capabilities. In connection with the funding, Andrew Adams, co-founder and managing partner at Oak HC/FT, will join the board of directors at Trovo Health.

Elisity: Identity-Based Microsegmentation Company Closes $37 Million

By Amit Chowdhry ● May 3, 2024

SafeBase: Security Review Company Raises $33 Million

By Amit Chowdhry ● May 3, 2024

SafeBase, a leading Trust Center Platform for friction-free security reviews, announced it has raised $33 million in a Series B funding round. This round, which brings the company’s total funding to over $50 million, was led by Touring Capital with Zoom Ventures participating. Existing investors NEA (New Enterprise Associates), Y Combinator, Comcast Ventures, and Cerca Partners joined the round, as did prominent cybersecurity executives, including former Salesforce Chief Trust Officer Jim Alkove.

Invent Analytics: Retail Planning Solutions Provider Closes $17 Million

By Amit Chowdhry ● May 3, 2024

Invent Analytics, a global retail planning solutions provider, announced that it has secured $17 million in Series B funding. The funding round was led by LFX Venture Partners, in partnership with existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark.

ARRIS: $34 Million Closed To Build High-Performing Fiber-Reinforced Composites At Scale

By Amit Chowdhry ● May 3, 2024

ARRIS, an advanced manufacturer with technology that enables high-performing fiber-reinforced composites at scale, announced that it has raised $34 million in its latest fundraising round. This funding round saw participation from new and returning investors, including ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG).

Corelight: Open Network Detection And Response Company Secures $150 Million

By Amit Chowdhry ● May 3, 2024

Corelight, a leader in open network detection and response (NDR), announced it has raised $150 million in Series E investment, led by its first capital investor, Accel. Cisco Investments and CrowdStrike Falcon Fund made additional strategic investments.

Arbol: Parametric Insurtech Company Raises $60 Million

By Amit Chowdhry ● May 3, 2024

Arbol, a parametric insurance-tech company, announced it had secured $60m in its Series B funding round co-led by Giant Ventures and Opera Tech Ventures, with additional funds from Mubadala Capital. Arbol aims to widen the adoption of parametric insurance products and establish climate risk as a tangible and investable asset class.

Arcserve Secures Significant Investment From H.I.G. WhiteHorse And Monroe Capital

By Amit Chowdhry ● May 2, 2024

Arcserve, an innovator in unified data resilience solutions, announced today that a significant investment from H.I.G. WhiteHorse and Monroe Capital will further develop and deliver high-quality data protection and recovery solutions to its customers. The company also appointed Chris Babel, a leader with a 20-year track record of driving success, as CEO.