Archives

Why Roper Technologies Is Buying Procare Solutions For About $1.75 Billion

By Amit Chowdhry ● Jan 26, 2024

Roper Technologies announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents about 18 times Procare’s estimated EBITDA for the twelve months ending March 31, 2025.

C16 Biosciences: $3.5 Million Grant Received From Gates Foundation

By Amit Chowdhry ● Jan 26, 2024

C16 Biosciences - the makers of Palmless, a platform for sustainable palm oil alternatives - announced it is ramping up its capabilities in the food category, driven by a $3.5 million grant from the Bill & Melinda Gates Foundation and a $1 million investment from Elemental Excelerator.

BGO: Global Real Estate Investment Management Company Closes €1.38 Billion Fund

By Amit Chowdhry ● Jan 26, 2024

BGO - a leading global real estate investment management advisor, real estate lending advisor, and provider of real estate services - announced the successful final close of its third Europe Secured Lending Fund, with a total of €1.38 billion in commitments from 40 global institutional investors. The fund surpassed the initial target of €1.35 billion.

Captura: Direct Ocean Capture Company Raises $21.5 Million

By Dan Anderson ● Jan 26, 2024

Captura has announced it expanded its Series A funding round to raise an additional US$21.5 million to commercialize its Direct Ocean Capture (DOC) technology that utilizes the power of the ocean to absorb carbon dioxide (CO2) from the atmosphere.

ViralMoment: AI-Based Social Video insights Company Closes $2.5 Million

By Annie Baker ● Jan 26, 2024

ViralMoment - a leading provider of AI-powered social video insights and analytics - announced a seed round of $2.5 million, led by Supernode Global, with participation from funds including Crush Ventures, Duo Partners, Carnegie Mellon University, and Techstars.

Prime Medicine: Up To $15 Million Funding From Cystic Fibrosis Foundation

By Annie Baker ● Jan 26, 2024

The Cystic Fibrosis Foundation announced it will provide up to $15 million to Prime Medicine for preclinical research into gene editing for cystic fibrosis. Prime Medicine utilizes a gene editing technology called prime editing — a technology that enables insertions or deletions of small segments of DNA at precise sites.

Cnergreen: University Of Calgary Advanced Materials Spin Off Company Raises C$2 Million

By Amit Chowdhry ● Jan 26, 2024

Cnergreen - a Calgary-based startup manufacturing stable foams for CO2 injection in enhanced oil recovery (EOR) - announced it raised a $2 million seed funding round led by Rhapsody Venture Partners. This US-based venture capital firm specializes in hard-tech investments.

Isaac Health Raises $5.7 Million To Redefine The Future Of Brain Healthcare

By Noah Long ● Jan 26, 2024

Isaac Health - a digital health company emerging as a national leader in brain health - announced the successful completion of its oversubscribed $5.7 million seed round. The funding round was led by Meridian Street Capital and B Capital, with participation from Primetime Partners, Co-Found Partners, VU Venture Partners, and AirAngels.

ZWI Therapeutics: Funding Round Raised To Develop Protein Therapeutics

By Noah Long ● Jan 26, 2024

ZWI Therapeutics - a biotechnology company focused on the development of protein therapeutics using proprietary new polymers - announced a Series A financing, the appointment of pharmaceutical industry veterans Drs. Larry Miller and Ron Cohen as Independent Directors to the company's Board of Directors, and Dr. Ed Mascioli as CEO and Board Director.

Prompt Security Raises $5 Million To Accelerate Growth

By Annie Baker ● Jan 26, 2024

Prompt Security - a unified platform for enterprise generative AI security - launched from stealth and announced $5 million in seed funding. The funding round was led by Hetz Ventures with participation from Four Rivers and prominent angels, including CISOs at Elastic and Dolby. And Prompt Security is helping dozens of high-profile companies protect their applications, employees, and customers from new generative AI-associated threats.

Why Haleon Is Selling ChapStick To Suave Brands For $430 Million

By Amit Chowdhry ● Jan 26, 2024

Haleon plc entered into a binding agreement to sell the ChapStick brand to Suave Brands Company, a portfolio company of Yellow Wood Partners.

Utah-Based Venture Studio Wingspan Reveals Two Investments And Tech9 Partnership

By Amit Chowdhry ● Jan 26, 2024

Wingspan is a new venture studio based in Utah that announced its launch with two investments and a partnership with Tech9, a premier custom software development company.

Why Minute Media Is Buying STN Video

By Annie Baker ● Jan 26, 2024

Minute Media - a leading global technology and sports content company - announced it has acquired STN Video, the North American industry leader in sports content distribution, who holds premium partnerships with every major league in the US alongside an award-winning Online Video Platform, reaching tens of millions of unique users across the web.

DNA Nanobots: Pre-Seed Funding Round Raised To Launch A BioPharma Partner Program

By Annie Baker ● Jan 26, 2024

DNA Nanobots - a leader in the design and delivery of DNA nanoparticles engineered for targeted therapeutics - announced that it has closed its pre-seed funding round. The funding round enables DNA Nanobots to launch its BioPharma Partner Program to streamline its end-to-end custom biopharma solutions from design to development for preclinical and animal studies for improved delivery of a wide range of therapeutics.

icotec: Spinal Tumor Implant Company Closes $30 Million In Funding

By Dan Anderson ● Jan 26, 2024

icotec ag - a leading company in innovative spinal tumor implants - announced a significant milestone in its growth journey by establishing a strategic partnership with MVM Partners (MVM), a global healthcare venture capital firm.

MY DR Now Raises Follow-On Investment From Kain Capital

By Noah Long ● Jan 26, 2024

MY DR NOW recently announced it raised a follow-on investment from Kain Capital LLC, which is a leading private equity firm focused on the technology enablement of healthcare services companies. MY DR NOW is a leading provider of primary and specialty care with multiple locations in Arizona. The company’s total investment to date is $60 million.

University Of Texas At San Antonio Launches College In AI, Cyber, Computing, And Data Science

By Amit Chowdhry ● Jan 26, 2024

The University of Texas at San Antonio announced a pioneering initiative to reshape its academic landscape by launching a new college dedicated to artificial intelligence (AI), cybersecurity, computing, data science, and related disciplines.

Why Kadant Is Buying KWS Manufacturing Company

By Annie Baker ● Jan 26, 2024

Kadant announced it had completed the acquisition of KWS Manufacturing Company, Ltd. (KWS) for about $84 million in cash, subject to certain customary adjustments. This acquisition was financed primarily through borrowings under Kadant's revolving credit facility.

Consortium Raises Strategic Investment From M|C Partners

By Noah Long ● Jan 26, 2024

M|C Partners - a digital infrastructure and tech services private equity firm - announced it has invested strategically in Consortium Networks, a national cybersecurity organization. This investment will enhance Consortium Networks' growth by expanding talent acquisition, sales, technical expertise, and innovation. Nate Ungerott, a cybersecurity veteran, was also appointed CEO.

Wealth Partners Capital Group And HGGC Form Strategic Partnership With True North Advisors

By Noah Long ● Jan 25, 2024

True North Advisors, LLC - a Texas-based registered investment adviser (RIA) - announced it has entered into a strategic partnership with Wealth Partners Capital Group (WPCG), a financial services holding company, and HGGC, a firm focused on partnership investing.

National Bankshares To Buy Frontier Community Bank For $17.1 Million Deal: Details

By Dan Anderson ● Jan 25, 2024

National Bankshares and Frontier Community Bank has jointly announced that they have entered into a definitive merger agreement for National Bankshares to buy Frontier. And as of September 30, 2023, Frontier had total assets of approximately $154 million. Upon the completion of the deal, National Bankshares is expected to have total consolidated assets of approximately $1.7 billion based on September 30, 2023 financial data.

Benefit Street Partners: $4.7 Billion Fifth Flagship Private Credit Fund Closed

By Amit Chowdhry ● Jan 25, 2024

Benefit Street Partners (BSP) announced the final closing of its fifth flagship direct lending vehicle BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Consistent with prior vintages, this fund seeks to generate attractive risk-adjusted returns by investing primarily in privately originated, floating rate, senior secured loans.

HEAL Security: Healthcare-Focused Cybersecurity Intelligence Company Raises $4.6 Million In Funding

By Annie Baker ● Jan 25, 2024

Health2047 - a Silicon Valley-based venture studio founded by the American Medical Association (AMA) - announced its investment in and launch from stealth of portfolio company HEAL Security, a cognitive cybersecurity intelligence platform custom-designed for the healthcare sector. So far, Health2047 invested $2.3 million in HEAL Security, with additional co-investor funding bringing its total pre-seed investment to $4.6 million.

Why Voltron Data Is Buying Claypot AI

By Amit Chowdhry ● Jan 25, 2024

Voltron Data - a company accelerating modular and composable data analytics systems - recently announced that it has acquired Claypot AI, a real-time AI platform startup. And Voltron Data processes large batch workloads on GPUs today and will incorporate Claypot AI's real-time capabilities on GPU.

Infobip: Interview With CFO Richard Kraska

By Amit Chowdhry ● Jan 25, 2024

Infobip is a global leader in omnichannel engagement, powering a broad range of messaging channels, tools, and solutions for advanced customer engagement, authentication and security. Pulse 2.0 interviewed Infobip CFO Richard Kraska to learn more about the company.

Janssen Partners: The Story Behind This Successful Investment Banking Firm

By Amit Chowdhry ● Jan 25, 2024

Janssen Partners is an investment banking firm dedicated to building successful growth-oriented companies while guiding investors to superior financial returns. Pulse 2.0 interviewed Janssen Partners director Peter K. Janssen to learn more about the firm.

Leaderology: How This Development Organization Is Developing Fearlessly Authentic Leaders

By Amit Chowdhry ● Jan 25, 2024

Leaderology is a collective of human transformation advocates who are passionate about leadership. The organization champions and develops fearlessly authentic leaders who want to cultivate expansive, inclusive and sustainable communities of effort. Pulse 2.0 interviewed Leaderology chief excellence officer Marissa Waldman to learn more.

Acceldata: How This Data Observability Platform Company Helps Enterprises Scale Their Products

By Amit Chowdhry ● Jan 25, 2024

Acceldata is a company that has developed the world's first enterprise data observability platform to help enterprises build and operate great products. Pulse 2.0 interviewed Acceldata founder and CEO Rohit Choudhary.

CryptoSafe: $20 Million Funding Raised At $95 Million Valuation

By Noah Long ● Jan 24, 2024

CryptoSafe - a blockchain project focused on enhancing capital efficiency in the cryptocurrency market – announced it has closed its latest funding round, securing $20 million at a valuation of $95 million. This funding round signifies a significant milestone for the company as it positions itself for further growth, innovation, and market expansion.

Carlyle: Acquisition Of $415 Million Private Student Loan Portfolio And Strategic Investment In Monogram

By Amit Chowdhry ● Jan 24, 2024

Global investment firm Carlyle announced the acquisition of a $415 million private student loan portfolio, and strategic investment into Monogram, a leading provider of finance solutions for students and their families. Led by the former management team of Cognition Financial and backed by Carlyle, Monogram will partner with Carlyle to originate, acquire, and manage high-quality third-party private student loan assets.