Archives

LPL Onboards $1 Billion Team Salient Wealth Planning Group

By Amit Chowdhry ● Feb 11, 2025

LPL Financial announced that financial advisors John P. Schlatter, CFP, Robert Rojano, Alec Hoag, CFP, and Michael Madden, CFA, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving about $1 billion in advisory, brokerage, and retirement plan assets and joined LPL from Osaic.

Sequoia Financial Buying $3.8 Billion Wealth Manager Carlson Capital

By Amit Chowdhry ● Feb 11, 2025

Sequoia Financial Group - an SEC-registered wealth manager with $22.6 billion in assets under management as of December 31, 2024, and Carlson Capital Management (CCM), a Northfield, Minnesota-based investment advisory firm with $3.8 billion in client assets as of December 31, 2024, announced they have reached an agreement for Sequoia Financial to acquire CCM. The firms expect to complete the transaction on March 31. The financial terms were not disclosed.

DLA Piper: Former FAA Chief Counsel Marc Nichols Named As Co-Chair Of Transportation Practice

By Amit Chowdhry ● Feb 11, 2025

DLA Piper announced it welcome Marc Nichols, former Federal Aviation Administration Chief Counsel, as a partner and as the Co-Chair of the Transportation Practice. He will be based in the firm’s Washington, DC, office.

Carson Group: $365 Million Team Added To Partner Network

By Amit Chowdhry ● Feb 11, 2025

Carson Group, a leading wealth advisory firm with over $40 billion in assets under management (AUM), announced a partnership with Jerod Wurm, CFP Managing Partner, Wealth Advisor, and Casey Frye, CFP, Managing Partner, Wealth Advisor, a Roseville, California–based advisory with $365 million in AUM. As part of the partnership, the firm will rebrand as Carson Wealth.

Kirkland & Ellis: Kemal Hawa Joins As Partner In Corporate Practice Group

By Amit Chowdhry ● Feb 11, 2025

Kirkland & Ellis announced that Kemal Hawa has joined the firm as a partner in the Corporate Practice Group with a focus on digital infrastructure. Hawa counsels clients in complex transactions across the digital infrastructure and telecommunications space and has extensive experience providing advice on commercial agreements.

Lynx: $27 Million Raised For Transforming Healthcare Administration And Payments

By Amit Chowdhry ● Feb 11, 2025

Lynx, a leading fintech platform that is simplifying healthcare payments and administration, announced the closing of an oversubscribed $27 million Series A funding round. The round was led by Flare Capital Partners, with participation from CVS Health Ventures, McKesson Ventures, and existing investors .406 Ventures, Obvious Ventures, and Frist Cressey Ventures. And this round brings the total funding to over $44 million since launching in 2022.

Janus Henderson’s ETF JAAA Surpasses $20 Billion In AUM

By Amit Chowdhry ● Feb 11, 2025

Janus Henderson Investors announced that its pioneering AAA Collateralized Loan Obligation ETF, Janus Henderson AAA CLO ETF (JAAA), has surpassed $20 billion in assets under management (AUM). And JAAA is the largest CLO ETF as measured by AUM and ranked first in year-to-date net flows for all active ETFs. Janus Henderson’s suite of CLO products also includes JBBB and a European CLO ETF.

LPL Financial Brings In $345 Million Team Jackson/Roskelley Wealth Advisors

By Amit Chowdhry ● Feb 11, 2025

LPL Financial announced that financial advisors Jared Roskelley, CFP, and Kyle Robertson, CFP, of Jackson/Roskelley Wealth Advisors have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving about $345 million in advisory, brokerage, and retirement plan assets and joined LPL from Ameriprise.

DevAI: $6 Million Raised For Empowering Enterprise IT With AI Agents

By Amit Chowdhry ● Feb 11, 2025

DevAI, a company building agentic AI solutions for enterprise IT teams, announced it raised $6 million in an oversubscribed seed round led by Emergence Capital. The funding round also included participation from Pear VC, Base10, and Benchstrength, and follows a $1 million pre-seed investment from Pear VC.

Berry Street: $50 Million Raised For Nutrition Counseling Platform

By Amit Chowdhry ● Feb 11, 2025

Berry Street, a leading nutrition counseling platform in the US, announced it raised $50 million in its latest funding roundz to expand its AI business-in-a-box platform, already serving thousands of dietitians and growing. The company has secured investment from Northzone, Sofina, FJ Labs, the Founder of Revolut, the Co-Founder of Spring Health, the Co-Founder of Grow Therapy, the CEO of Found, and others.

Milbank: Lisa Laukitis Named As Partner In New York

By Amit Chowdhry ● Feb 11, 2025

Milbank announced that Lisa Laukitis had joined the New York office as a partner in the Financial Restructuring Group. For 25+ years, Laukitis advised clients on all aspects of corporate restructurings. And the primary focus of her work has been representing companies in connection with their out-of-court restructurings and Chapter 11 cases.

Atomicwork: $25 Million (Series A) Raised For Agentic Service Management Solutions

By Amit Chowdhry ● Feb 11, 2025

Atomicwork, a leading innovator in agentic service management solutions for Enterprise IT, announced that it has raised $25 million for its Series A funding round. The funding round was led by Khosla Ventures and Z47, with participation from Battery Ventures, Blume Ventures, and Peak XV Partners.

Delfina: $17 Million (Series A) Raised For Transforming Maternal Health With AI-Based Proactive Care

By Amit Chowdhry ● Feb 11, 2025

Delfina Care - a healthcare technology company solving the maternal health crisis with an AI-based care system - announced the successful closing of its $17 million Series A funding round led by U.S. Venture Partners (USVP). The Series A funding round was led by U.S. Venture Partners (USVP) and it included participation from new investors ARTIS Ventures, Mayo Clinic, and Tokio Marine Future Fund. Delfina's existing investors also participated in the round, including Story Ventures, SemperVirens, Bread and Butter Ventures, Boutique Ventures, and Chelsea Clinton's Metrodora Ventures.

Paxton: $22 Million (Series A) Secured For Transforming Legal AI

By Amit Chowdhry ● Feb 11, 2025

Paxton, an AI platform transforming legal workflows, announced it closed a $22 million Series A funding round led by Unusual Ventures, alongside Kyber Knight, 25Madison, and Wisconsin Valley Ventures. This brings Paxton’s total funding to $28 million, following its $6 million seed round in 2023.

White & Case: Patrick Johnson Named As Partner In Houston

By Amit Chowdhry ● Feb 11, 2025

Global law firm White & Case announced it has expanded its Global Project Development and Finance Practice and Global Energy Industry Group with the addition of Patrick Johnson as a partner in Houston.

Dentons: Ahmed Butt Joins Banking & Finance Practice In The Middle East As A Partner

By Amit Chowdhry ● Feb 11, 2025

Global law firm Dentons announced that Ahmed Butt has joined its Banking & Finance practice in the Middle East as a partner. And Ahmed's arrival strengthens our Middle East Banking & Finance practice with the addition of over 20 years of specialist Banking Regulations and Financial Institutions Regulatory expertise.

Lorikeet: $9 Million Raised For Transforming Customer Experiences

By Amit Chowdhry ● Feb 11, 2025

AI customer experience company Lorikeet announced it raised $9 million in funding from Blackbird and existing investors Square Peg and Skip Capital. The funding was driven by breakout growth in 2024 across major financial centers in Australia, Asia, and the US. This announcement comes just four months after the company raised a $5 million seed round last year.

Bourque Logistics: Over $100 Million Growth Funding Raised From Sixth Street

By Amit Chowdhry ● Feb 11, 2025

Bourque Logistics (a leader in rail logistics systems) and Sixth Street (a leading global investment firm) announced that Bourque has closed a $100+ million financing from Sixth Street. This growth financing supports Bourque's recently announced acquisition of AllTranstek, which combines the respective rail fleet logistics and asset management expertise of Bourque and AllTranstek into a comprehensive solution for the rail industry.

Seraphic: $29 Million (Series A) Raised For Enterprise Browser Security

By Amit Chowdhry ● Feb 11, 2025

Seraphic Security, a leader in enterprise browser security, announced that it has secured a $29 million Series A funding round led by GreatPoint Ventures (GPV), with participation from the CrowdStrike Falcon Fund and existing investors Planven, Cota Capital, Storm Ventures, Eastlink and Secure Octane.

Boostly: $22 Million Raised For Automated SMS Marketing Platform

By Amit Chowdhry ● Feb 11, 2025

Boostly, a leading provider of automated SMS marketing and feedback solutions for restaurants, announced it has raised $22 million in growth capital led by PeakSpan Capital with participation from existing investors Y Combinator, Trestle Partners, and Singularity Capital. This significant Series A funding round comes just six months after Boostly's $5.6 million seed round, validating the company's extraordinary growth trajectory and market potential.

Aluratek: Interview With CEO John Wolikow About The Consumer Electronics Company

By Amit Chowdhry ● Feb 11, 2025

Aluratek is a company that was formed in 2006 by a group of tech enthusiasts who believe consumer electronic devices can be both sophisticated and easy to use. And the company is passionate about identifying new trends and reacting quickly to bring new innovative products to the market. Pulse 2.0 interviewed Aluratek CEO John Wolikow to learn more about the company.

ITpipes: Interview With CEO Ned Bebawy About The Pipeline Inspection Company

By Amit Chowdhry ● Feb 11, 2025

ITpipes is a company that enables clients to effectively collect, analyze and manage their water pipeline inspections. Pulse 2.0 interviewed ITpipes CEO Ned Bebawy to learn more about the company.

Noxus: $1.5 Million (Pre-Seed) Raised To Empower Enterprises To Build AI Workforces

By Amit Chowdhry ● Feb 11, 2025

Noxus – a company helping enterprises build their own AI workforces to unlock business-changing productivity, innovation, and growth – announced it had raised $1.5 million in pre-seed funding. This round was led by SFC Capital and also saw participation from Antler, Bynd VC, Caixa Capital, AltaIR Capital, I2BF Global Ventures, Yellow Rocks, and Smart Partnership Capital along with prominent business angels from the European ecosystem. This funding will help further develop and scale Noxus’ platform and expand operations.

Dxcover Raises New Funding Round To Expand Commerical Presence

By Amit Chowdhry ● Feb 10, 2025

Dxcover, a clinical-stage diagnostics company advancing its multiomic spectral analysis (MOSA-Dx) for early detection of solid tumor cancers, announced its next key stage of growth with the closing of significant funding to advance innovation and expand its commercial presence.

InSite Engineering: Strategic Investment Raised From Godspeed Capital

By Amit Chowdhry ● Feb 10, 2025

InSite Engineering—a leading water and wastewater engineering and design services firm specializing in wastewater systems, environmental remediation, municipal and transportation projects, and civil engineering—announced that it has raised a strategic investment from Godspeed Capital Management, a lower middle-market Architecture, Engineering, Consulting, Government services, solutions, and technology-focused private equity firm.

StormHarvester: $10.2 Million (Series A) Raised From Emerald And YFM

By Amit Chowdhry ● Feb 10, 2025

Ireland-based software company StormHarvester announced an investment of $10.2 million, which will accelerate the company's growth and double its workforce over the next three years. YFM Equity Partners and Emerald Technology Ventures provided this investment.

Summit Financial Acquires Stake In $700 Million Wealth Manager Genex

By Amit Chowdhry ● Feb 10, 2025

Investment advisory firm Summit Financial - in collaboration with Merchant Investment Management - announced that Genex Consulting has joined its network, marking Summit's first investment of this year. This collaboration highlights the strength of the Summit-Merchant partnership as they buy a stake in Genex, a $700 million wealth management firm.

Hogan Lovells Expanding In Italy With Hiring Of 5 Corporate & Finance Partners

By Amit Chowdhry ● Feb 10, 2025

Global law firm Hogan Lovells announced that a Corporate & Finance team will join the firm based in Milan, Italy. These are the details.

Cogenuity Partners: Debut Fund Closed At $425 Million

By Amit Chowdhry ● Feb 10, 2025

Cogenuity Partners - a lower middle market private equity firm investing in businesses operating within the advanced industrial economy - announced the closing of its inaugural fund, Cogenuity Fund I LP, with $425 million in total capital commitments. Driven by strong investor interest and demand, Cogenuity formally commenced its fundraising process in August and received commitments from a diverse limited partner base that included several blue-chip investors like endowments and foundations, insurance companies, funds-of-funds, and strategic investors.

ImpediMed: $15 Million In Growth Capital Raised

By Amit Chowdhry ● Feb 10, 2025

ImpediMed, a leader in medical technologies for clinically monitoring and managing fluid and body composition, announced an agreement for a five-year $15 million growth capital facility with SWK Holdings, a life science-focused specialty finance company catering to small- and mid-sized commercial-stage companies. The funds raised will give ImpediMed funding flexibility and will be used to support growth and commercialization activities.