Archives

TPG To Buy GE Vernova’s Proficy Software Business for $600 Million

By Amit Chowdhry ● Sep 12, 2025

TPG Capital has reached a deal to buy the Proficy manufacturing software division from GE Vernova for $600 million. Proficy will become a standalone company focused entirely on serving industrial clients with software tools that streamline production, boost efficiency, and connect operations from the factory floor up to enterprise management systems. Along with the upfront purchase price, GE Vernova may realize further proceeds tied to Proficy’s performance after the transaction closes.

Thompson Safety Expanding Houston Fire Protection Services With Liberty Fire Acquisition

By Amit Chowdhry ● Sep 12, 2025

Thompson Safety, a nationwide provider of fire protection, first aid, and safety services, has completed the acquisition of Liberty Fire Protection, a well‐established Houston company known for its fire alarm and sprinkler systems, backflow prevention, and kitchen hood suppression solutions.

L&G: €600 Million Digital Infrastructure Fund Launched

By Amit Chowdhry ● Sep 12, 2025

L&G has completed the first close of its new Digital Infrastructure Fund with approximately €600 million in commitments and co-investments, and plans a second close later this year. This milestone represents a key step in L&G’s drive to expand its private markets business to £85 billion by 2028 and to offer institutional investors access to fast-growing, essential digital assets.

Aurora Capital Partners: AEP VII Fund Closed At Over $2.1 Billion

By Amit Chowdhry ● Sep 12, 2025

Aurora Capital Partners has secured over $2.1 billion in new commitments for its seventh flagship fund, exceeding its original target and marking the most significant fundraising effort in the firm’s history. This funding is sourced from a diverse range of institutional investors, including public and corporate pension plans, insurance companies, family offices, asset managers, and advisory firms.

F5 To Buy CalypsoAI In $180 Million Deal

By Amit Chowdhry ● Sep 12, 2025

F5 has announced an agreement to buy CalypsoAI, an enterprise-focused AI security provider, in a transaction valued at $180 million. This deal will bring CalypsoAI’s real-time threat defense, large-scale red teaming, and data protection capabilities into F5’s Application Delivery and Security Platform (ADSP), creating a unified solution for securing AI inference across hybrid and multicloud environments.

Bluebird Kids Health: Interview With Founder & CEO Chris Johnson About The Pediatric Primary Care Company

By Amit Chowdhry ● Sep 12, 2025

Bluebird Kids Health provides pediatric primary care, focusing on underserved communities and Medicaid beneficiaries, by combining in-person clinics with technology, behavioral health integration, and value-based care models. Pulse 2.0 interviewed Bluebird Kids Health founder and CEO Chris Johnson to gain a deeper understanding of the company.

Winter Street Ventures: $100 Million Fund Unveiled

By Amit Chowdhry ● Sep 12, 2025

Winter Street Ventures Management has launched its first independent investment vehicle, Winter Street Ventures Fund I LP, aiming to raise $100 million to support technology-enabled healthcare companies. This fund marks the firm’s debut following its spin-out as an independent venture capital firm in April 2025. It underscores its commitment to enhancing the patient experience through the use of AI and predictive analytics.

Aequum Capital: $30 Million Financing Closed For Supporting West Virginia Behavioral Health Provider

By Amit Chowdhry ● Sep 12, 2025

Aequum Capital has completed a $30 million senior secured credit facility to back the acquisition of a West Virginia provider specializing in substance use disorder and mental health treatment. The financing package comprises a $25 million term loan alongside a $5 million revolving line of credit.

Recall.ai: $38 Million Series B Secured For Conversation Data Infrastructure Platform

By Amit Chowdhry ● Sep 12, 2025

Recall.ai has secured $38 million in a Series B funding round at a $250 million valuation, led by Bessemer Venture Partners and joined by HubSpot Ventures, Salesforce Ventures, Ridge Ventures, RTP Global, Y Combinator, and prominent angel investors. The new capital will accelerate the expansion of Recall.ai’s core platform beyond meeting recordings, enabling developers to capture, process, and leverage spoken interactions across desktop applications, phone calls, and in-person conversations.

Congruence Therapeutics: $32 Million Financing Raised For Advancing Genetic Obesity Therapy

By Amit Chowdhry ● Sep 12, 2025

Congruence Therapeutics has secured a $32 million financing round to support the development of its lead candidate CGX-926, the first clinical therapy designed to treat MC4R-deficient genetic obesity. The proceeds will fund a Phase 1 trial in healthy volunteers and a Phase 1b proof-of-concept study in patients with MC4R-driven obesity, with a clinical trial application planned for the second half of 2025.

Alpha Partners: Gal Gitter Appointed As Partner To Expand Into Israel

By Amit Chowdhry ● Sep 12, 2025

Alpha Partners has strengthened its presence in one of the world’s most vibrant technology ecosystems by naming Gal Gitter as Partner based in Tel Aviv. In this role, Gitter will spearhead the firm’s efforts to introduce its collaborative growth-equity model to Israeli startups, empowering early-stage investors to maintain and expand their stakes as companies scale.

Nanoramic: Strategic Investment Secured From ITOCHU To Advance Rollout Of Neocarbonix

By Amit Chowdhry ● Sep 12, 2025

Nanoramic, an MIT-spun battery technology innovator, has landed a strategic equity investment from ITOCHU Corporation alongside follow-on funding from existing backer Top Material. The financing will underwrite global commercialization of Neocarbonix—Nanoramic’s drop-in electrode additive that boosts energy density, power output, fast-charge capability, and cost efficiency—and shore up the company’s supply-chain infrastructure to meet rising customer demand.

Juniper Square: Investment Raised From Nasdaq Ventures

By Amit Chowdhry ● Sep 12, 2025

Juniper Square, the fund operations partner to over 2,000 private markets general partners (GPs), has announced a strategic equity investment from Nasdaq Ventures. The funding and new collaboration aim to accelerate the development of integrated data and liquidity solutions tailored for private fund managers, building on Juniper Square’s $130 million Series D financing from June.

Nebius: Reported $17.4 Billion GPU Deal Signed With Microsoft

By Amit Chowdhry ● Sep 12, 2025

Nebius Group, an Amsterdam-based AI infrastructure specialist, has signed a multi-year agreement to provide dedicated compute capacity to Microsoft from its new Vineland, New Jersey data center beginning later this year. The deal marks Nebius’s first long-term committed contract with a leading tech company and is expected to drive accelerated growth in its AI cloud business.

FERNRIDE: €18 Million Series A Extension Closed For Advancing Autonomous Logistics

By Amit Chowdhry ● Sep 12, 2025

FERNRIDE, Europe’s leading provider of AI-powered ground autonomy solutions, has extended its Series A round with an additional €18 million, bringing total funding to €75 million. The new capital will accelerate deployment of FERNRIDE’s proven container-terminal autonomy platform into defence logistics, addressing urgent needs for safer, more resilient supply chains across Europe.

Alpic: $6 Million Pre-Seed Raised For Advancing New Cloud Platform For AI Agents

By Amit Chowdhry ● Sep 12, 2025

Alpic has raised $6 million in pre-seed funding to build the first cloud platform designed specifically for AI agents. The round was led by Partech and included support from K5 Global, Irregular Expression, Yellow, Drysdale, Kima Ventures, Galion.exe, and experienced founders from companies like Mistral, Datadog, and Dataiku. This funding will enable Alpic to advance development and bring its platform out of private testing and into a public beta.

MRM Health: €55 Million Series B Raised For Microbiome-Based Drug Candidates

By Amit Chowdhry ● Sep 12, 2025

MRM Health has completed a €55 million Series B financing round that will enable the company to push its microbiome-based drug candidates through critical development milestones and broaden its pipeline of live biotherapeutic products. Biocodex, a French pharmaceutical group with a decades-long focus on microbiota science, led the round. It included participation from ATHOS, BNP Paribas Fortis Private Equity, and existing backers such as SFPIM, Ackermans & van Haaren, OMX Europe Venture Fund, Qbic II, and VIB.

ModernFi: $30 Million Series B Raised For Reinforcing Deposit Stability

By Amit Chowdhry ● Sep 12, 2025

ModernFi has secured $30 million in Series B funding to expand its deposit management infrastructure for community and regional financial institutions. The round was led by Canapi Ventures and included participation from Andreessen Horowitz, Curql, Remarkable Ventures, and Intercontinental Exchange. This latest investment brings ModernFi’s total capital raised to more than $60 million and highlights growing support for its role as foundational technology in the post-2023 banking environment.

Palm Tree Crew: $20 Million Series B At $215 Million Valuation Raised To Drive Expansion

By Amit Chowdhry ● Sep 12, 2025

Palm Tree Crew has closed a $20 million Series B financing round led by WME Group, valuing the company at $215 million. The investment establishes a strategic partnership that will leverage WME’s sports, entertainment, and licensing networks to accelerate Palm Tree Crew’s growth across live events, hospitality venues, and lifestyle offerings.

GEM Digital: $25 Million Pledged To Althea Limited

By Amit Chowdhry ● Sep 12, 2025

GEM Digital Limited has committed $25 million to Althea Limited to accelerate the rollout of Althea L1, a purpose-built blockchain designed to transform payments for broadband, utilities, and critical infrastructure. This funding will help bring transparent, programmable settlement tools to networks worldwide and support the development of a resilient financial layer for essential services.

Level99: $50 Million Growth Equity Raised From Act III To Advance National Expansion

By Amit Chowdhry ● Sep 12, 2025

Level99 has secured a $50 million follow-on growth equity commitment from Act III Holdings to accelerate new location development and expand its social entertainment brand into top-tier U.S. markets. This funding comes after results from the company’s first two venues exceeded initial projections, underscoring confidence in Level99’s scalable model.

Aven: $110 Million At $2.2 Billion Valuation Raised For Machine Banking Platform

By Amit Chowdhry ● Sep 12, 2025

Aven closed a $110 million Series E funding round at a $2.2 billion valuation, more than doubling its worth in just one year. Led by Khosla Ventures and joined by long-time backers such as General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund, this round positions Aven to move faster on its vision for next-generation home finance.

Manulife Investment And TruAmerica: $1 Billion Platform For Preserving Affordable Housing

By Amit Chowdhry ● Sep 12, 2025

Manulife Investment Management has joined forces with TruAmerica Multifamily to create a new $1 billion affordable housing partnership. The venture, called Anchor Point Residential, starts with the acquisition of general partner interests in a portfolio of 51 properties that offer income-restricted apartments supported by Low-Income Housing Tax Credits.

Cascade Bio: $6 Million Raised To Advance Cell-Free Biomanufacturing

By Amit Chowdhry ● Sep 12, 2025

Cascade Bio, an industrial biotechnology company based in Denver, has closed $6 million in funding to accelerate the transition from petrochemical processes to enzyme-driven manufacturing. The funding includes a $2.8 million seed round led by Endurance28, with additional backing from Stray Dog Capital, 1Flourish, Range Ventures, 10VC, and Amplify. It is complemented by $3.2 million in nondilutive grants from the U.S. National Science Foundation’s Advancing Cell-Free Systems initiative and a Small Business Innovation Research Phase II award.

You.com: $100 Million Series C At $1.5 Billion Valuation Raised For AI Infrastructure Platform

By Amit Chowdhry ● Sep 11, 2025

You.com announced it has closed a $100 million Series C funding round at a $1.5 billion valuation, led by Cox Enterprises with continued support from Georgian, Salesforce Ventures, and Norwest. David Yang of Socium Ventures has also joined the board as part of this investment. The financing will accelerate the development of the company’s AI infrastructure platform, explicitly designed for autonomous agents.

Veritas Capital: $14.4 Billion Fund IX Closed

By Amit Chowdhry ● Sep 11, 2025

Veritas Capital has completed the final close of its ninth flagship fund with $14.4 billion in capital commitments, surpassing the initial $13 billion target and its hard cap after strong investor demand. This result represents a 35% increase over Fund VIII, which closed at $10.7 billion in 2022.

Cottonwood Group: $1 Billion Surpassed In Final Close For Real Estate Special Situations Strategy

By Amit Chowdhry ● Sep 11, 2025

Cottonwood Group, a private equity real estate investment firm with offices in Los Angeles, Boston, and New York, has announced the final close of its Cottonwood Real Estate Special Situations Strategy, exceeding its original fundraising target and reaching $1 billion in total commitments as of August 31, 2025. The capital raised includes contributions from pooled-fund vehicles and separate accounts, reflecting strong investor confidence in the firm’s approach to opportunistic real estate investing.

NewDays: $7 Million Raised For Expanding AI-Based Cognitive Health Program Nationwide

By Amit Chowdhry ● Sep 11, 2025

NewDays, a Seattle-based digital health startup focused on cognitive care, has announced the close of a $7 million seed funding round led by General Catalyst and Madrona. The funding will support the expansion of its AI-powered treatment program for individuals experiencing mild cognitive impairment (MCI) and dementia, with services now available in Texas following successful pilots in California, Washington, and Florida.

The Milestone Group: $1.1 Billion Fund VI Closed

By Amit Chowdhry ● Sep 11, 2025

The Milestone Group, a leading private equity real estate investment firm, announces the final close of its sixth discretionary equity vehicle, Milestone Real Estate Investors VI, LP, at its hard cap of $1.1 billion. The fund was oversubscribed, reflecting strong demand for Milestone's value-add investment strategies and historic performance despite a challenging fundraising environment.

White & Case: Peter Trimarchi Re-Joins As A Partner In NY

By Amit Chowdhry ● Sep 11, 2025

White & Case has strengthened its capabilities in mergers and acquisitions, energy, and sustainability by welcoming Peter Trimarchi as a partner in its New York office. This move supports the firm’s ongoing expansion of its Global M&A Practice, Global Energy Industry Group, and Sustainability & Responsible Business Practice.