Archives

AE Industrial Launches Commercial HVAC Services Platform Through United Building Solutions Investment

By Amit Chowdhry ● Mar 1, 2025

AE Industrial Partners, a private equity firm specializing in National Security, Aerospace, and Industrial Services, announced that it has partnered with United Building Solutions (UBS), a leading provider of heating, ventilation, and air conditioning (HVAC) services in the Northeast U.S., to create a comprehensive platform dedicated to complex HVAC services for commercial buildings.

KKR Increasing Stake In Enilive

By Amit Chowdhry ● Mar 1, 2025

KKR announced that the firm has signed an agreement to acquire an additional 5% stake in Enilive from Eni for a consideration of €587.5 million, taking the total holding in Enilive to 30%.

Grovecourt Capital Partners: Acquisition Of Intraoperative MRI Solutions Company IMRIS

By Amit Chowdhry ● Mar 1, 2025

Grovecourt Capital Partners, a private equity firm based in West Palm Beach, Florida, announced the acquisition of IMRIS Imaging, the global leader in intraoperative MRI solutions. The financial terms of the deal were not disclosed.

AppStorys: $5 Million Raised For In-App Engagement Tools

By Amit Chowdhry ● Mar 1, 2025

AppStorys, a leading platform providing in-app engagement and growth tools, announced it has secured $5 million in funding from a strategic mix of venture capital (VC) and angel investors globally. This funding round will help advance the company's next growth phase, expanding its reach internationally and empowering businesses with powerful tools to drive user engagement/growth.

Tenstreet Buying TextLocate For Augmenting Driver Communications

By Amit Chowdhry ● Mar 1, 2025

Tenstreet, a leading truck driver recruiting and software solutions provider for the trucking industry, announced its acquisition of TextLocate, a leading provider of driver communications for third-party logistic providers.

TAC Security Buying Europe-Based Web3 Security Firm CyberScope

By Amit Chowdhry ● Mar 1, 2025

TAC Security, a global leader in risk-based vulnerability management, recently announced the acquisition of CyberScope, a Web3 security firm specializing in smart contract audits, crypto security audits, and blockchain vulnerability assessments.

Sparta: $42 Million (Series B) Raised For Commodity Trader Intelligence Platform

By Amit Chowdhry ● Mar 1, 2025

Sparta, a leading provider of real-time intelligence for commodity traders, announced it has secured $42 million in Series B funding led by One Peak, with continued backing from Singular and FirstMark.

Why MongoDB Is Buying Voyage AI In A $220 Million Deal

By Amit Chowdhry ● Mar 1, 2025

MongoDB announced it has acquired Voyage AI, a pioneer in embedding and reranking models that power next-generation AI applications. Integrating Voyage AI's technology with MongoDB enables organizations to easily build AI-based applications by offering highly accurate and relevant information retrieval deeply integrated with operational data.

SkyMirr: $7.3 Million (Series A) Raised For Advanced IOT/RF Technology

By Amit Chowdhry ● Mar 1, 2025

SkyMirr, a leading innovator in advanced IOT/RF technology and devices, announced the raising of $7.3 million in a Series A funding round led by Solyco Capital.

Lizzy Care: $2.6 Million (Seed) Secured For Improving Dementia Care

By Amit Chowdhry ● Mar 1, 2025

Lizzy Care announced a $2.6 million Seed funding round led by Boomerang Ventures, marking a significant milestone in our journey to transform dementia and memory care. And this strategic deal from Boomerang Ventures underscores their confidence in our vision and commitment to advancing connected health technologies.

Actual Veggies: $7 Million (Series A) Raised To Meet The Demand For Health Foods

By Amit Chowdhry ● Mar 1, 2025

Actual Veggies, a CPG leader known for its chef-crafted veggie burgers and vegetable-forward products, announced a $7 million Series A round of funding led by Relentless Consumer Partners with participation from New Fare

Stellex Capital Management: Jason LaDuke Named As Head Of Portfolio Operations

By Amit Chowdhry ● Mar 1, 2025

Stellex Capital Management, a middle-market private equity firm, is pleased to announce that Jason LaDuke has joined the firm as Head of Portfolio Operations. LaDuke has experience leading complex turnarounds and optimizing operations for middle-market investments.

Camber: $30 Million (Series B) Raised For Transforming Insurance Reimbursement In Healthcare

By Amit Chowdhry ● Mar 1, 2025

Camber, a company transforming healthcare payments by reducing administrative burdens on clinics and families, announced a $30 million Series B funding round led by Andreessen Horowitz with participation from ACME and Craft, bringing its total funding to $50 million. Camber has several investors who have participated across multiple funding rounds, validating their confidence in Camber’s vision and execution. Additional investors in the Series B round include K Ventures and Y Combinator.

Venn: $21.5 Million (Series A) Secured For All-In-One Financial Platform

By Amit Chowdhry ● Mar 1, 2025

Venn, the all-in-one financial platform built for Canadian businesses, announced it has raised $21.5 million in a Series A funding round led by Left Lane Capital, with participation from XYZ Venture Capital, Intact Ventures, and Gradient.

Bridgetown Research: $19 Million (Series A) Raised For Deploying AI Business Research Agents

By Amit Chowdhry ● Mar 1, 2025

Bridgetown Research is an AI decision science startup that announced $19 million in Series A funding led by Lightspeed and Accel, with participation from a leading research university.

CarbonQuest: $20 Million Secured For Distributed Carbon Capture Provider

By Amit Chowdhry ● Mar 1, 2025

CarbonQuest, a leading distributed carbon capture technology provider, announced that it closed a $20 million funding round led by Riverbend Energy Group, with additional funding from two institutional investors.

Millie: $12 Million (Series A) Closed For Tech-Enabled Maternity Clinic Platform

By Amit Chowdhry ● Mar 1, 2025

Tech-enabled maternity clinic company Millie announced that it raised $12 million in Series A funding co-led by TMV and Foreground Capital, with significant participation from Pivotal Ventures and the March of Dimes Innovation Fund. The current investors, including Ingeborg Investments, participated in the round alongside BBG Ventures, Joyance, LearnStart, Amboy Street Ventures, Mother Ventures, Coyote Ventures, and Chai Ventures.

Raymond James: Stuart Feld Promoted To Chief Artificial Intelligence Officer

By Amit Chowdhry ● Mar 1, 2025

Raymond James announced that Stuart Feld has been promoted to Chief Artificial Intelligence Officer. For this newly created leadership role, Feld serves as the firm’s principal AI architect to drive enterprise-wide innovation. And he is responsible for exploring and applying emerging technologies to enhance advisor- and client-facing services and solutions, as well as those across all the businesses’ needs.

Fort Point Capital: Andrew Les Joins As VP For Investment Team

By Amit Chowdhry ● Mar 1, 2025

Fort Point Capital - a Boston-based private equity firm focused on investing in service-oriented companies in the lower middle market - announced that Andrew Les joined as a Vice President on the firm’s investment team. And Andrew will focus on supporting portfolio companies and executing new investments in the business-to-business services sector.

Electro Rent Selling Intellirent Division To Sandbrook Capital

By Amit Chowdhry ● Mar 1, 2025

Platinum Equity portfolio company Electro Rent announced the signing of a definitive agreement to sell the intellirent division to Sandbrook Capital. Intellirent offers electrical test and measurement (T&M) equipment, primarily serving the power generation and distribution, data center, and renewable energy industries.

Motus Buying Vehicle Reimbursement Company Everlance

By Amit Chowdhry ● Mar 1, 2025

Motus, a leader in vehicle reimbursement and risk mitigation for businesses with employees that actively drive for work, announced the acquisition of Everlance, which is a mileage and expense tracking solution for small businesses, teams, and sole proprietors.

San Francisco Equity Partners Buying Majority Stake In Formula Corp

By Amit Chowdhry ● Mar 1, 2025

San Francisco Equity Partners (SFEP), a private equity firm focused on partnering with expansion-stage companies across the consumer value chain, announced that it has acquired a majority stake in Formula Corp, a leading formulator and contract manufacturer of cleaning products. The terms of the deal were not disclosed. Formula Corp co-founders Chas Werner and Alan Gangl will continue to be shareholders of the company.

Principal: $3.64 Billion Raised For Data Center Growth & Income Fund

By Amit Chowdhry ● Feb 28, 2025

Principal Asset Management, the investment management unit of Principal Financial Group, reached the final investor close on February 28 for its Principal Data Center Growth & Income Fund, which is dedicated to developing a portfolio of hyperscale data center projects across the US. The fund raised $3.64 billion, well over the target of a diverse global investor base. This is the third discretionary data center-focused vehicle by Principal.

FairPlay: $10 Million Funding Raised For Fairness-As-A-Service Platform

By Amit Chowdhry ● Feb 28, 2025

FairPlay, which is a Fairness-as-a-Service company, announced a $10 million investment from Infinity Ventures, JPMorganChase, and Nyca Partners. This funding comes as FairPlay reports a threefold increase in business in 2024, demonstrating robust market demand for its AI safety solutions.

Loyal: $22 Million (Series B-2) Raised For Clinical-Stage Animal Health Platform

By Amit Chowdhry ● Feb 28, 2025

Loyal, a clinical-stage animal health company developing longevity drugs for dogs, announced that the FDA’s Center for Veterinary Medicine has accepted the Reasonable Expectation of Effectiveness (RXE) section of its conditional approval application for LOY-002. The company also revealed it has raised a $22 million B-2 round from Valor Equity Partners and Collaborative Fund, and others, in addition to its $45 million Series B in 2024.

Koala: $15 Million (Series A) Raised For GTM Engine

By Amit Chowdhry ● Feb 28, 2025

Koala, which is the rep-first GTM engine turning your best sales signals into plays, announced the closing of its $15 million Series A funding round, bringing total funding to $20 million, including an earlier seed round. The round was led by CRV, with participation from HubSpot Ventures, Recall Capital, and Afore.

VRIFY: $12.5 Million (Series B) Secured For Advancing AI-Assisted Mineral Discovery Platform

By Amit Chowdhry ● Feb 28, 2025

VRIFY Technology, a technology company combining advanced AI with deep industry expertise to transform how minerals are found, announced it has raised C$12.5 million in Series B funding. Led by venture capital firm LGVP, with continued support from Series A funders RCF Innovation and Beedie Capital. This round brings VRIFY's total funding to over C$30 million.

Mercer Buying $35+ Billion Firm SECOR Asset Management

By Amit Chowdhry ● Feb 28, 2025

Mercer, a business of Marsh McLennan and a global leader in helping clients realize their investment objectives, announced that it reached an agreement to acquire SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. The terms of the deal, which is expected to close in the second quarter of 2025, subject to regulatory approvals and client consents, were not disclosed.

Asbury Automotive Buying The Herb Chambers Companies In $1.34 Billion Deal

By Amit Chowdhry ● Feb 28, 2025

Asbury Automotive Group, one of the largest automotive retail and service companies in the U.S., signed a definitive agreement to acquire various automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately owned dealership group in the country.

Kontoor Brands Buying Global Outdoor And Workwear Brand Helly Hansen In $900 Million Deal

By Amit Chowdhry ● Feb 28, 2025

Global lifestyle apparel company Kontoor Brands (Wrangler and Lee brands) recently announced it has signed a definitive agreement to acquire Helly Hansen, the global outdoor and workwear brand. Under the terms of the deal, Kontoor Brands will acquire 100% of Helly Hansen from Canadian Tire Corporation.