Archives

Qure.ai: Jim Mercadante Named As Chief Commercial Officer

By Amit Chowdhry ● Jan 13, 2025

Healthcare AI company Qure.ai has appointed a new Chief Commercial Officer to oversee and expand global sales and business development strategy. Based in New York, Jim Mercadante joins a growing commercial and operations team to consolidate growing momentum and further success.

Savvy Advisors Surpasses $1 Billion in AUM

By Amit Chowdhry ● Jan 13, 2025

Savvy Advisors - a federally registered investment advisor (RIA) affiliated with Savvy Wealth - announced it surpassed $1 billion in client assets under management (AUM), tripling its holdings since the start of 2024. And At the same time, Savvy added four more experienced financial advisors in December, capping off a transformative year of expansion. These developments follow Savvy Wealth’s $26.5 million Series A funding round earlier this year, underscoring its affiliated RIA’s strong trajectory heading into 2025.

BDO USA Buying Blue Beyond

By Amit Chowdhry ● Jan 12, 2025

BDO USA, one of the leading accounting and advisory firms, announced the addition of 48 professionals to BDO’s management consulting practice from Blue Beyond Consulting, a San Francisco-based firm focused on the people side of the business. And this marks a significant expansion of the firm’s advisory services, enhancing BDO’s ability to integrate human capital management with strategy, operations, and technology to help clients achieve their desired business results. This combination is subject to customary closing conditions and is expected to be completed on March 1.

Morrison Foerster Names 21 New Partners

By Amit Chowdhry ● Jan 12, 2025

Leading global law firm Morrison Foerster announced the election of 21 lawyers to the firm’s partnership, effective earlier this year. The class of 2025 includes lawyers from 16 practice groups.

Linux Foundation Reveals Initiative For Supporting Chromium-Based Browsers

By Amit Chowdhry ● Jan 12, 2025

The Linux Foundation, a nonprofit organization enabling mass innovation through open source, announced the launch of Supporters of Chromium-Based Bowsers. This initiative aims to fund open development and enhance projects within the Chromium ecosystem while ensuring broader support and sustainability for open-source contributions that will drive technological advancement.

A2 Biotherapeutics: $80 Million (Series C) Raised For Advancing Clinical Development Of Precision Cell Therapies

By Amit Chowdhry ● Jan 12, 2025

A2 Biotherapeutics - a clinical-stage cell therapy company developing first-in-class logic-gated cell therapies to target tumor cells and protect normal cells selectively - announced the closing of its $80 million Series C financing round, supported by a syndicate of investors that includes The Column Group and Samsara BioCapital.

MetLife Investment Acquiring 3 Investments Teams Managed By Mesirow With $6 Billion Of Assets

By Amit Chowdhry ● Jan 12, 2025

MetLife Investment Management (MIM), the institutional asset management business of MetLife announced that it has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent, employee-owned financial services firm. And MIM is acquiring the high yield and bank loans, strategic fixed-income and small-cap equity teams, and certain related investment products.

Vividion Buying Tavros Therapeutics For Expanding Functional Genomics Capabilities

By Amit Chowdhry ● Jan 12, 2025

Vividion Therapeutics (a clinical-stage biopharmaceutical company utilizing novel discovery technologies to unlock high-value, traditionally undruggable targets and develop small molecule precision therapeutics for devastating cancers and immune disorders) announced the acquisition of Tavros Therapeutics (a precision oncology platform company). Vividion is a wholly owned and independently operating subsidiary of Bayer AG.

Insilico Medicine And Menarini Group Sign $550 Million Deal Cancer Treatment Licensing Deal

By Amit Chowdhry ● Jan 12, 2025

The Menarini Group (a leading international pharmaceutical and diagnostics company) and Stemline Therapeutics (a wholly-owned subsidiary of the Menarini Group focused on bringing transformational oncology treatments to cancer patients) and Insilico Medicine (a clinical-stage generative AI-based biotechnology company) announced that the companies have entered into an exclusive licensing agreement granting Stemline the global rights to develop and commercialize a preclinical small molecule targeting high unmet needs in oncology.

Valspring Capital: Fund I Closed Above Target At $255 Million

By Amit Chowdhry ● Jan 12, 2025

Valspring Capital, a healthcare-focused growth equity firm, announced the closing of its debut fund, Valspring Capital Fund I, above its target at $255 million. Launched in 2022 by a team spun off from Bain Capital Ventures to pursue healthcare investments with the firm’s support, the Valspring team will seek to invest primarily in growth-stage companies in the healthcare industry, focusing on the information technology, technology-enabled services, and services sectors within North America.

Phase Four: In-Space Propulsion Company Raises Series C

By Amit Chowdhry ● Jan 12, 2025

Phase Four, a leader in advanced in-space propulsion design and manufacturing, announced the first close of its Series C funding round, securing nearly 60% of the target raise with strong participation from new and existing investors. And the round is led by Artemis Group Capital, the Oklahoma-based investment firm helmed by former NASA Administrator Jim Bridenstine, emphasizing the growing confidence in Phase Four's innovative propulsion solutions.

RLTYco: $20 Million (Series A) Raised For Giving Agents Same-Day Commission Advances And Other Benefits

By Amit Chowdhry ● Jan 12, 2025

RLTYco, a New York-based full-service provider of comprehensive resources for real estate professionals, announced the closing of a $20 million Series A funding round led by Altriarch. The funding round also included participation from existing investors, including Andrew Dodge, entrepreneur and angel investor, Christopher Schmidt, Executive Vice President at Related Companies, and SERHANT. Ventures (SERHANT.’s education division that develops, creates, and produces resources and solutions for agents in today’s new marketplace). Ryan Serhant, CEO and founder of SERHANT., is a partner, advisor and ambassador via SERHANT. Ventures.

VertexOne: $131 Million Financing Commitment Raised From Runway Growth Capital And BC Partners Credit

By Amit Chowdhry ● Jan 12, 2025

Runway Growth and BC Partners Credit, announced a $131 million financing commitment to VertexOne. BC Partners Credit is the $8 billion credit arm of BC Partners, which is an alternative investment firm with about $40 billion AUM.

Origis Energy: $415 Million Funding Package Closed

By Amit Chowdhry ● Jan 12, 2025

Origis Energy, one of America's leading renewable energy and decarbonization solution platforms, announced the closing of financing for the Swift Air Solar project in Ector County, Texas. The $415 million funding package includes construction, term debt, and tax equity financing from Natixis Corporate & Investment Banking (CIB) and Advantage Capital.

Amentum: $447 Million Award For Air Forces Prepositioned Asset Management Services Program

By Amit Chowdhry ● Jan 12, 2025

Amentum, a leader in advanced engineering and technology solutions, has been awarded the Air Forces Central Command Global Prepositioned Materiel Services (GPMS) contract to deliver and modernize prepositioned storage and maintenance solutions. This contract, valued at $447 million, assures mission readiness at scale.

Revefi: Interview With Co-Founder & CEO Sanjay Agrawal About AI Data Engineer Democratization

By Amit Chowdhry ● Jan 12, 2025

Revefi is a company that is on a mission to democratize the expertise of a distinguished engineer and make this level of expertise available 24x7, at the fingertips of every data team. Pulse 2.0 interviewed Revefi co-founder and CEO Sanjay Agrawal to learn more about the company.

Grand Games: $30 Million (Series A) Raised To Accelerate Growth

By Amit Chowdhry ● Jan 12, 2025

Grand Games, a gaming studio behind the widely loved Magic Sort mobile game, announced it has raised a $30 million Series A round, marking its arrival as the latest up-and-coming studio to emerge from Istanbul, the gaming powerhouse that brought forth Dream Games and Peak Games. Balderton Capital led the round with participation from existing investors Bek Ventures (formerly known as Earlybird Digital East), Laton Ventures, and angel investor Mert Gür.

H1 Acquires Ribbon Health And Adds Dr. Stephen Hahn To The Board

By Amit Chowdhry ● Jan 12, 2025

H1, a company on a mission to connect the world with the right doctors, announced several key milestones. H1 is strengthening its leadership team by appointing former FDA Commissioner Dr. Stephen M. Hahn to its board, and the company announced the strategic acquisition of Ribbon Health and unveiled a series of innovative products.

Sanctuary Adds $700 Million Hillguard Wealth Management Team

By Amit Chowdhry ● Jan 12, 2025

Sanctuary Wealth, a firm that provides elite financial advisors with the freedom, flexibility, control, and choice to thrive in an evolving industry, announced it welcomed Hillguard Wealth Management as its latest Sanctuary Global Partner Firm. And Sanctuary Wealth launched Sanctuary Global in 2021 with high-profile Florida and Texas-based teams from Morgan Stanley and Wells Fargo.

Kestra Brings In $400 Million Campus Wealth Team

By Amit Chowdhry ● Jan 12, 2025

Kestra Private Wealth Services (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, announced that Campus Private Wealth has joined its platform. This partnership represents a mutual commitment to delivering highly tailored client service.

Starburst: Lisa Luscap Named As Chief Marketing Officer

By Amit Chowdhry ● Jan 12, 2025

Starburst, a hybrid data lakehouse company for AI, announced the appointment of marketing veteran Lisa Luscap as Chief Marketing Officer. Luscap will lead the company’s next growth phase and accelerate awareness of Starburst’s data and AI platform powered by OS Trino.

SmartBear: Dan Faulkner Named As CEO

By Amit Chowdhry ● Jan 12, 2025

SmartBear, a provider of software quality and visibility solutions, announced it has appointed Dan Faulkner, the company’s Chief Product Officer, as Chief Executive Officer. Frank Roe, who led SmartBear to significant growth over the last five years, will transition from CEO to a strategic advisor role.

Transcarent To Buy Accolade In $621 Million Deal

By Amit Chowdhry ● Jan 12, 2025

Transparent, a company that makes it easier for people to access affordable health care, announced it is buying Accolade, a leader in health advocacy, expert medical opinions, and primary care. Transcarent will buy Accolade for $7.03 per share in cash, representing a total equity value of approximately $621 million.

LPL Onboards $320 Million Advisory Firm Lewellyn Wealth

By Amit Chowdhry ● Jan 12, 2025

LPL Financial announced that father and son financial advisors Bart Lewellyn and Alex Lewellyn have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported serving approximately $320 million in advisory, brokerage, and retirement plan assets* and joined LPL from Osaic.

Supreme Group Buying Curator24 And Makes Executive Team Changes

By Amit Chowdhry ● Jan 12, 2025

Supreme Group, which is backed by the private equity firm Trinity Hunt Partners, announced the acquisition of Curator24, a marketing and advertising agency specializing in innovative solutions for healthcare companies. Fairmount Partners acted as the exclusive financial advisor to Curator24.

Oddball Raises Growth Investment From Falfurrias Management

By Amit Chowdhry ● Jan 12, 2025

Private equity firm Falfurrias Management Partners announced its growth investment in Oddball. This leading digital services agency transforms and modernizes how government organizations interact with their constituents.

Xometry: Sanjeev Singh Sahni Named As President

By Amit Chowdhry ● Jan 12, 2025

Xometry, a global AI-based marketplace connecting enterprise buyers with suppliers of manufacturing services, announced the appointment of Sanjeev Singh Sahni as President, reporting to CEO Randy Altschuler.

WhiteGlove Care: Interview With Founder Anand Prakash About The Care Coordination Company

By Amit Chowdhry ● Jan 12, 2025

WhiteGlove Care is a company that handles all aspects of end-to-end care coordination from digitizing records to scheduling appointments with vetted providers to managing chronic conditions. And it allows family members to support care from anywhere in the world. Pulse 2.0 interviewed WhiteGlove Care Anand Prakash to learn more about the company.

AmeriFlex Group: Record-Breaking Year With 53 Advisor Transitions And Over $3.4 Billion In Total Client Assets Added

By Amit Chowdhry ● Jan 12, 2025

Advisor-owned hybrid RIA The AmeriFlex Group celebrated the completion of a record-breaking year in which it welcomed 53 advisors and increased its total client assets by over $3.4 billion. And the AmeriFlex Group ended the year with 206 total advisors in 29 states, with about $14.6 billion in assets under administration (AUA), an increase of 35% year over year.

Prudentia Sciences: AI-Based Life Sciences Marketplace Company Raises $7 Million

By Amit Chowdhry ● Jan 12, 2025

Prudentia Sciences, an AI-based technology platform for life sciences announced its public launch, supported by $7 million in funding. This funding round was led by GV, with participation from Iaso Ventures and Virtue.