Archives

Switch: $659 Million In Fourth Green Data Center ABS Offering Raised

By Amit Chowdhry ● Oct 20, 2025

Switch, a leading global provider of AI, cloud, and enterprise data centers, announced the closing of its fourth asset-backed securities (ABS) offering, raising nearly $659 million. The latest issuance further solidifies Switch’s position as the largest single issuer of data center ABS since 2024, with cumulative proceeds now reaching approximately $3.5 billion.

Kardigan: $254 Million Series B Closed To Advance Late-Stage Portfolio Of Personalized Cardiovascular Medicines

By Amit Chowdhry ● Oct 19, 2025

Kardigan, a biotechnology company focused on redefining cardiovascular drug development, announced the successful closing of a $254 million Series B financing round. The funding round featured participation from new investors, including Fidelity Management & Research Company and accounts advised by T. Rowe Price Investment Management, alongside renewed support from long-time backers ARCH Venture Partners and Sequoia Heritage.

TrueCar To Be Acquired By Investor Group In $227 Million All-Cash Transaction

By Amit Chowdhry ● Oct 19, 2025

TrueCar, one of the biggest automotive digital marketplaces, announced it has entered into a definitive agreement to be acquired by Fair Holdings, an entity led by TrueCar founder Scott Painter, in an all-cash go-private transaction valued at approximately $227 million.

Asymmetric Capital: $137 Million Fund II Closed To Invest In Early-Stage Founders

By Amit Chowdhry ● Oct 19, 2025

Asymmetric Capital Partners, an early-stage technology investment firm founded in 2021, announced the close of Asymmetric Fund II at $137 million, exceeding its $125 million target.

Sage Care: $20 Million Closed To Transform Healthcare Navigation Using AI

By Amit Chowdhry ● Oct 19, 2025

Sage Care, a Palo Alto-based healthcare technology company developing AI-powered care navigation systems, has officially launched with $20 million in funding led by Yosemite and with participation from General Catalyst, Metrodora (Chelsea Clinton), OVTR.VC, SV Angel, Liquid 2, Seven Stars, Refract Ventures, AME Cloud Ventures, and Apollo Ono.

LuxCreo: Strategic Investment Raised From Angelalign Technology To Co-Develop Advanced 3D Printing Materials For Clear Aligners

By Amit Chowdhry ● Oct 19, 2025

LuxCreo, an innovator in personalized medical and dental device technologies, has received a strategic investment from Angelalign Technology, one of the world’s leading providers of clear aligner solutions.

Triplemoon: $3.5 Million Seed Funding Raised For Improving Pediatric Mental Health Through Tech-Enabled Clinical Care

By Amit Chowdhry ● Oct 19, 2025

Triplemoon, a Dallas-based digital health company specializing in pediatric mental health, has announced the successful closing of a $3.5 million seed round led by Activate Venture Partners (New York) and LiveOak Ventures (Texas).

IBM To Buy Cognitus For Advancing Global SAP Transformations

By Amit Chowdhry ● Oct 19, 2025

IBM has announced that it has signed a definitive agreement to acquire Cognitus, a leading SAP S/4HANA services provider known for its industry-specific, AI-powered solutions. The acquisition will expand IBM’s SAP transformation capabilities worldwide, combining Cognitus’s software assets and expertise with IBM’s AI-driven consulting approach to deliver more efficient, data-driven enterprise transformations.

Veradermics: $150 Million Series C Raised For Advancing Late-Stage Trials Of VDPHL01

By Amit Chowdhry ● Oct 19, 2025

Veradermics, a dermatologist-founded, late clinical-stage biopharmaceutical company developing first-in-class treatments for common dermatologic conditions, has announced the completion of an oversubscribed $150 million Series C financing round. The funding round was led by SR One, with participation from major life sciences investors including Viking Global Investors, Marshall Wace, Invus, abrdn Inc., Columbia Threadneedle Investments, Infinitium, LifeSci Venture Partners, and returning investors Longitude Capital, Suvretta Capital Management, and Surveyor Capital (a Citadel company), among others.

MGT: $21.6 Million Secured For AI-Native Neo-Insurer Platform

By Amit Chowdhry ● Oct 19, 2025

MGT, a vertically AI-native neo-insurer designed to modernize commercial property and casualty (P&C) insurance for small businesses, announced the successful closing of a $21.6 million oversubscribed Series B funding round. The round was led by Mubadala Capital, with participation from Clocktower Ventures, Tacora Capital, and existing investors.

The Arena Group Buying ShopHQ, Expanding Into Data-Driven E-Commerce and Social Selling

By Amit Chowdhry ● Oct 19, 2025

The Arena Group Holdings has announced the acquisition of the intellectual property of ShopHQ from IV Media, LLC, marking a significant expansion into e-commerce, data syndication, and interactive social selling. The deal revives the legacy of the 35-year-old shopping brand with a new focus on leveraging first-party data, content integration, and creator-led commerce to drive audience engagement and advertiser value.

Mammoth Brands To Buy Premium Baby Care Company Coterie

By Amit Chowdhry ● Oct 19, 2025

Mammoth Brands, the consumer packaged goods (CPG) company behind Harry’s, Flamingo, Lume, and Mando, has announced that it has signed a definitive agreement to acquire Coterie, the fast-growing premium baby care and diapering brand known for its high-performance, clean, and safe products for babies.

Merck To Buy JSR Life Sciences’ Chromatography Business

By Amit Chowdhry ● Oct 19, 2025

Merck, a leader in science and technology, has announced that it has entered into a definitive agreement to acquire the chromatography business of JSR Life Sciences, a leading provider of contract development, manufacturing, and bioprocessing solutions.

Accenture Buying UK-Based Tech And AI Consulting Firm Decho

By Amit Chowdhry ● Oct 19, 2025

Accenture has announced the acquisition of Decho, a UK-based technology and artificial intelligence consultancy specializing in Palantir solutions. The move reinforces Accenture’s expanding leadership in AI, data, and digital transformation, particularly across healthcare, government, defense, and public service sectors in the UK and globally.

Nova Credit: $35 Million Series D Raised To Advance Growth Of Cash Flow Underwriting Platform

By Amit Chowdhry ● Oct 19, 2025

Nova Credit, a leading credit infrastructure and analytics company, has raised $35 million in a Series D funding round led by Socium Ventures, a VC firm backed by Cox Enterprises. The Series D round included participation from a high-profile group of existing investors, including Canapi Ventures, Kleiner Perkins, General Catalyst, Index Ventures, Y Combinator, NAVentures (the corporate venture capital arm of National Bank of Canada), Harmonic Growth Partners, Radiate Capital, and Gaingels.

Telcoin: $25 Million Secured For Launching First Regulated Digital Asset Bank And Bank-Issued Stablecoin

By Amit Chowdhry ● Oct 19, 2025

Telcoin, a blockchain-based financial services company, announced it has raised $25 million in a pre-Series A funding round to launch Telcoin Digital Asset Bank, which is set to become the first regulated blockchain bank in the United States. The funding enables Telcoin to meet capital requirements for its conditionally approved Nebraska Digital Asset Depository Institution charter, advancing the company’s mission to bridge the $4 trillion blockchain economy with traditional banking.

FlyHouse To Buy Sun Air Jets, Expanding Vertically Integrated Private Aviation Ecosystem

By Amit Chowdhry ● Oct 19, 2025

FlyHouse, a technology-driven private aviation company transforming the jet charter experience, has announced a definitive agreement to acquire Sun Air Jets, a Southern California-based aircraft management and charter operator. The strategic acquisition strengthens FlyHouse’s vertically integrated aviation platform by adding Federal Aviation Administration (FAA) Part 145 Repair Station certification, expanding its managed fleet, and enhancing infrastructure at key West Coast airports.

Key International: $121 Million Construction Loan Secured For Amara Bay Residences & Marina Development

By Amit Chowdhry ● Oct 18, 2025

Key International, a global real estate and investment firm, has closed a $121 million construction loan for the development of Amara Bay Residences & Marina, a transformative waterfront project located along the Gandy corridor in St. Petersburg, Florida. The funding led by ABANCA USA will advance progress on the 39-acre mixed-use development at 12000 Gandy Boulevard N., with construction already underway and vertical building phases expected to begin in Q2 2025. The first residential units are projected to be completed and delivered by Q4 2026.

Pear Suite: $7.6 Million Series A Raised For Expanding AI-Based Platform And Strengthening The Community Health Workforce

By Amit Chowdhry ● Oct 18, 2025

Pear Suite, a digital health company focused on empowering community health workers (CHWs), announced that it has raised $7.6 million in Series A funding to accelerate the development of its AI-driven platform and scale its national provider network. The funding round was led by Rock Health Capital and Nexxus Holdings, with participation from Mucker Capital, Enable Ventures, The SCAN Foundation, Acumen America, Impact Engine, and the California Health Care Foundation.

Candel Therapeutics: $130 Million Growth Financing Raised From Trinity Capital

By Amit Chowdhry ● Oct 18, 2025

Trinity Capital, a leading alternative asset manager, announced a $130 million growth capital commitment to Candel Therapeutics, a clinical-stage biopharmaceutical company developing viral immunotherapies to help patients fight cancer. The financing will accelerate the development of Candel’s pipeline, which is focused on off-the-shelf, multimodal cancer treatments designed to activate the immune system against solid tumors.

Erie Strategic Expanding Fintech Portfolio With Investments In Atomic And Feathery

By Amit Chowdhry ● Oct 18, 2025

Erie Strategic Ventures, the corporate venture capital arm of Erie Insurance (ERIE), has announced new investments in two technology startups: Atomic and Feathery. The strategic move marks another expansion of the firm’s growing portfolio since launching in August 2022, strengthening its focus on next-generation solutions that enhance both customer experience and operational efficiency within the insurance value chain.

CHANDO Group: Over $40 Million Raised From Harvest Capital And L’Oréal Partnership Signed

By Amit Chowdhry ● Oct 18, 2025

Harvest Capital has invested ¥300 million (over $40 million) in CHANDO Group, one of China’s leading homegrown beauty companies. Global beauty giant L’Oréal also participated in the round as an industrial partner. The partnership underscores a strategic collaboration between top-tier consumer investors and international leaders aimed at accelerating CHANDO’s next phase of sustainable and high-quality growth.

Woz: $6 Million Raised For Building Enterprise-Grade AI Apps Combining Machine Intelligence With Human Expertise

By Amit Chowdhry ● Oct 18, 2025

Woz, a San Francisco–based artificial intelligence company, announced it has raised $6 million in seed funding to expand its AI-driven app development platform designed to build production-ready, enterprise-grade software. The funding round was led by Cervin Ventures, with participation from Burst Capital, Y Combinator, Untapped Ventures, MGV, and the Lacob Family, co-owners of the Golden State Warriors.

Planyear: $12 Million Seed Round Secured To Transform Benefits Consulting With AI-Driven BEACON Platform

By Amit Chowdhry ● Oct 18, 2025

Planyear, a San Francisco–based company building an AI-native platform for benefits consultants, announced it has raised $12 million in seed funding led by True Ventures. The financing will accelerate the expansion of BEACON, Planyear’s flagship automation platform designed to eliminate the administrative bottlenecks that dominate the employee benefits consulting industry.

FleetWorks: $17 Million Closed To Launch AI-Based ‘Always-On’ Dispatcher Transforming U.S. Trucking Industry

By Amit Chowdhry ● Oct 18, 2025

FleetWorks, an AI-driven logistics technology company, has launched its always-on dispatcher platform for the U.S. trucking industry after raising $17 million in funding. First Round Capital led the round with participation from Y Combinator, Saga Ventures, and LFX Venture Partners. The investment will accelerate hiring, commercial expansion, and product development as FleetWorks seeks to modernize one of America’s most essential yet inefficient industries.

Lila: $350 Million Series A Raised To Advance Development Of Scientific Superintelligence Platform

By Amit Chowdhry ● Oct 18, 2025

Lila Sciences, an artificial intelligence company dedicated to building scientific superintelligence to solve humanity’s most complex challenges, has announced the completion of a $350 million Series A round, bringing its total funding to $550 million. The financing will accelerate the development of Lila’s AI Science Factories and expand access to its autonomous scientific platform for customers tackling problems across healthcare, energy, and materials science.

Shoptimised: Investment Raised From LDC

By Amit Chowdhry ● Oct 18, 2025

LDC, the private equity arm of Lloyds Banking Group, has made a significant investment in Shoptimised, a Tyneside-based performance marketing agency and SaaS provider, to support the company’s next phase of growth and technological innovation.

Unigestion Sells Stake In Tecvia To Harris Computer

By Amit Chowdhry ● Oct 18, 2025

Unigestion Private Equity, an asset manager specializing in investing in mid-market leaders, has announced the sale of its stake in Tecvia to Harris Computer, a global provider of mission-critical software solutions and part of Constellation Software.

Apax Digital Funds Buying Controlling Stake In atHome Group

By Amit Chowdhry ● Oct 18, 2025

The Apax Digital Funds, tech-focused growth equity funds advised by Apax Partners, announced that they have reached a definitive agreement to acquire a controlling stake in atHome Group, Luxembourg’s leading property and automotive marketplace platform. The acquisition, from funds advised by Mayfair Equity Partners LLP and Oakley Capital, underscores Apax’s growing commitment to digital marketplaces and data-driven consumer platforms.

Sonic Fire Tech: $3.5 Million Raised To Launch Infrasound Fire Defense Solutions

By Amit Chowdhry ● Oct 18, 2025

Sonic Fire Tech, a pioneering “firetech” startup developing infrasound-based fire prevention systems, announced it has raised $3.5 million in seed funding to accelerate deployment of its zero-damage, waterless fire suppression technology. The round was co-led by Khosla Ventures, Third Sphere, and AirAngels, with participation from several mission-aligned angel investors.