Archives

Ibex Investors: $106 Million Secured To Invest In Early-Stage Israeli Startups

By Amit Chowdhry ● Feb 22, 2024

Ibex Investors - a US-based multi-stage and multi-strategy investment firm - announced the closing of its fourth Israel-focused fund, Ibex Israel VC II LP, with $106 million in capital commitments to invest in early-stage Israeli startups. This Fund follows Ibex’s $100 million Israel early-stage fund raised in 2020 and the roster of limited partners includes founders and current and former executives across a wide range of sectors.

CVC Raises $6.8 Billion For Sixth Asia Fund

By Amit Chowdhry ● Feb 22, 2024

CVC - a leading global private markets manager focused on private equity, secondaries, credit and infrastructure - announced the closing of its sixth Asia fund, CVC Capital Partners Asia VI (Asia VI), with $6.8 billion in commitments. And Asia VI is 50% larger than its predecessor, CVC Capital Partners Asia V - which was raised in 2020 and closed at $4.5 billion.

Medical Microinstruments (MMI) Raises $110 Million To Increase Treatment Options And Improve Clinical Outcomes

By Amit Chowdhry ● Feb 22, 2024

MMI (Medical Microinstruments) - a robotics company dedicated to increasing treatment options and improving clinical outcomes for patients with complex conditions - announced that it had raised $110 million in Series C financing. The funding round was led by Fidelity Management & Research Company and marks the largest-ever investment in microsurgery innovation.

Buildstock: Construction Material Marketplace Company Raises $1.6 Million

By Amit Chowdhry ● Feb 22, 2024

Buildstock - a B2B marketplace and fintech platform for construction materials - announced it had secured $1.6 million in pre-seed funding from Precursor, MGV, XFactor, RefashionD, and visionary angels, including Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G (m]x[v Capital).

Solvento: How This Fintech Company Is Addressing Challenges In The LatAm Trucking And Logistics Market

By Amit Chowdhry ● Feb 22, 2024

Solvento is a Mexican fintech company founded in 2021 that offers technological and financial solutions to companies in the trucking sector that enable them to automate and speed up their collections and payments. Solvento has over 100 clients, including major players in the logistics and trucking sector like 99minutos, Packengers, Onest Logistics, CLG Transportes, Transportes EASO, Liftit, Logtec and GAIA. Pulse 2.0 interviewed Solvento CEO Jaime Tabachnik to learn more.

CodeComplete: Offering A Suite Of Customized Tools For Supercharging Developer Workflows

By Amit Chowdhry ● Feb 22, 2024

CodeComplete is an AI-powered coding assistant and developer productivity suite built for enterprises. Pulse 2.0 interviewed CodeComplete CEO Max Lu to learn more about the company.

Ascend Elements: $162 Million Raised To Build Sustainable Lithium-Ion Battery Materials Domestically

By Amit Chowdhry ● Feb 22, 2024

Ascend Elements announced it has raised $162 million in new equity investments. The company’s major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new equity financing brings the company's 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek and Qatar Investment Authority in September 2023.

UnityAI: $4 Million Secured To Make Hospital Flow More Efficient

By Amit Chowdhry ● Feb 22, 2024

UnityAI - a healthcare technology startup founded by three seasoned engineers and data scientists with backgrounds at HCA Healthcare - announced the successful closure of its seed funding round, securing $4 million in total capital to date.

AtmosZero Closes $21 Million To Decarbonize Steam

By Amit Chowdhry ● Feb 22, 2024

AtmosZero - a company on a mission to decarbonize steam - announced the closing of a $21 million Series A round co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology. And Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation also joined the round along with existing backers Energy Impact Partners, Starlight Ventures, and AENU.

Trace Genomics: DNA-Based Soil Intelligence Leader Secures $10.5 Million In Funding

By Amit Chowdhry ● Feb 22, 2024

Trace Genomics - an industry leader in DNA-based soil intelligence - announced its successful Series B funding round at $10.5 million led by existing investors S2G Ventures and Ajax Strategies, and new investor Rabo Ventures. The funding round exceeded expectations and demonstrated strong investor confidence in Trace's trajectory and growth strategy. With this funding round, Trace plans to expand its commercial growth, making its offerings available to more farmers and agronomists.

Device Authority: Enterprise IoT Identity And Access Management Company Secures $2 Million

By Amit Chowdhry ● Feb 22, 2024

Device Authority (a global leader in identity and access management for Enterprise IoT ecosystems) announced it has secured a further $2 million in Series A funding from Prelude, the venture practice for Mercato Partners.

Niron Magnetics: Funding Raised From Samsung Ventures, Allison Transmission, And Magna

By Amit Chowdhry ● Feb 22, 2024

Niron Magnetics (a company pioneering the world's first high-performance rare earth-free permanent magnets) announced it has received $25 million in new strategic funding. This funding round was led by Samsung Ventures. Allison Ventures (the venture capital arm of Allison Transmission) was also part of this funding round, along with one of the world’s largest automotive suppliers Magna.

Cagent Vascular: Commercial Stage Medical Device Company Raises $30 Million

By Amit Chowdhry ● Feb 22, 2024

Cagent Vascular (a rapidly growing commercial-stage medical device company) announced a Series C Financing of over $30 million. U.S. Venture Partners (USVP) led the round. The participation included new investor Blue Ridge Medical, LLC and existing investors, including Sectoral Asset Management.

Montana Technologies Raises Funding From Rice Investment Group

By Amit Chowdhry ● Feb 22, 2024

Montana Technologies announced that Rice Investment Group has committed to invest $10 million in Montana as part of a private capital consortium led by Carrier Ventures. And following the closing of its business combination with Power & Digital Infrastructure Acquisition II Corp (XPDB, XPDBU, XPDBW on NASDAQ) expected in March, Montana will trade on the NASDAQ under the ticker symbol "AIRJ".

AZmed: €15 Million Closed To Reshape The Future Of Medical Imaging

By Amit Chowdhry ● Feb 22, 2024

AZmed - a leading European MedTech startup, has secured €15 million in Series A funding. The operation includes investors such as Maison Worms, Techstars, and Teampact Ventures. The investment supports AZmed's overarching objective of shaping the future of medical imaging with artificial intelligence by accelerating the workflows of radiologists.

NIH Granting $2.3 Million To Address Unmet Need For Continuous BP For Diagnosing HDP And Early Detection Of Preeclampsia

By Amit Chowdhry ● Feb 22, 2024

Dynocardia - developer of ViTrack, the first-of-its-kind non-invasive, wearable blood pressure (BP) and heart monitor - and NYC Health + Hospitals (the nation's largest safety net health system), are partnering on a study of hypertensive diseases of pregnancy (HDP). This study will include at least 150 women who are pregnant or have recently given birth.

Kinzie Capital Partners Announces Acquisition Of Arctic Industries

By Amit Chowdhry ● Feb 22, 2024

Kinzie Capital Partners LP (a Chicago-based private equity firm) announced the acquisition of Arctic Industries, a national manufacturer and distributor of temperature control and cold storage solutions. The deal, completed in partnership with Arctic’s management, marks an exciting new chapter for the company as it sets the stage for further market expansion throughout the country.

MPOWER Financing Names Jatin Rajput As Chief Financial Officer

By Amit Chowdhry ● Feb 22, 2024

MPOWER Financing (a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world) announced the appointment of Jatin Rajput as Chief Financial Officer (CFO). Rajput will step down from MPOWER's board and will be replaced by MPOWER's previous CFO Rob Partlow, who is retiring from full-time work and will join MPOWER's Board of Directors.

First Reserve Names Todd Tomlin As Managing Director And Co-Head of Capital Formation

By Amit Chowdhry ● Feb 22, 2024

First Reserve (a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets) announced that Todd Tomlin has joined the firm as Managing Director. And he will serve as Co-Head of Capital Formation alongside Ed Bialas, Managing Director and Co-Head of Capital Formation.

Coalesce Capital Names Jonathan Gurss As Partner

By Amit Chowdhry ● Feb 22, 2024

Coalesce Capital (a private equity firm investing in human capital-driven and technology-enabled services companies) announced the appointment of Jonathan Gurss as a Partner to strengthen its senior investment leadership.

S.i. Systems Buying HVN Solutions: Details

By Amit Chowdhry ● Feb 22, 2024

S.i. Systems ULC (Canada's largest IT staffing company) announced that it has acquired HVN Solutions (a distinguished IT consulting firm based in Canada). The terms of the transaction were not disclosed.

CenterPoint Energy To Sell Louisiana And Mississippi Natural Gas Assets To Bernhard Capital Partners For $1.2 Billion

By Amit Chowdhry ● Feb 22, 2024

CenterPoint Energy announced the sale of its Louisiana and Mississippi natural gas LDC businesses to Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, for $1.2 billion. The assets include about 12,000 miles of main pipeline in Louisiana and Mississippi, serving about 380,000 metered customers. And CenterPoint’s LDCs are the second largest natural gas LDCs in both Louisiana and Mississippi by customer accounts, with a combined workforce of approximately 550 employees.

Pagaya Closes $400 Million Consumer Loan Asset-Backed Securitization

By Amit Chowdhry ● Feb 22, 2024

Pagaya Technologies - a global technology company delivering AI-driven product solutions for the financial ecosystem - announced the closing of PAID 2024-2, its 49th asset-backed securitization (ABS) and its second in 2024. Kroll Bond Rating Agency rated the deal.

Dynasty Financial Partners: Tim Oden Named As Executive-In-Residence

By Amit Chowdhry ● Feb 22, 2024

Dynasty Financial Partners (a leading wealth management platform for independent firms) announced that industry veteran Tim Oden has joined as an Executive-in-Residence for 2024. Dynasty is one of the top liberators in the industry, helping advisors gain their independence while supporting them in building better businesses and caring for their clients. Currently, 52 firms representing 330 advisors comprise the Dynasty network, and the firm maintains over $88 billion on its core technology platform (As of December 2023).

Divcon Controls Raises Funding From Goldman Sachs Alternatives

By Amit Chowdhry ● Feb 22, 2024

Divcon Controls (a systems integrator delivering facility management automation and monitoring solutions primarily to the mission-critical data center market) announced a new investment from the Sustainable Investing at Goldman Sachs Alternatives. This investment will recapitalize the company and position Divcon to expand market share in mission-critical data centers as well as invest in new product offerings.

Code Ninjas Reveals New Executive Leadership Team And Moves HQ To Atlanta

By Amit Chowdhry ● Feb 22, 2024

Code Ninjas (a renowned name in children's coding education) has officially revealed its new executive leadership team at the brand's helm as it moves to Atlanta from Houston for its new headquarters.

Keystone Capital: Oversubscribed Fund III Closed At $630 Million

By Amit Chowdhry ● Feb 22, 2024

Keystone Capital Management, LP (a lower middle market alternative investment manager) has announced the one and final closing of Keystone Fund III at its hard cap of $630 million in capital commitments. And Fund III was oversubscribed with fundraising completed in four months. Keystone professionals continue to represent the largest single investor in the Fund.

Teedup Acquiring 55 Industries With Support From Leonid Capital Partners

By Amit Chowdhry ● Feb 22, 2024

Leonid Capital Partners (a leading private credit firm focused on the US Government sector) announced a strategic $7 million financing to support private equity firm Teedup in their acquisition of 55 Industries, an inspections services company serving the Aerospace and Defense industries as a Prime contractor. And this customized loan agreement, structured around 55 Industries’ robust government contract pipeline and backlog, exemplifies Leonid’s innovative approach to empowering strategic acquisitions within underserved and nationally critical sectors.

Hill Dickinson Hires James Harmer For London-Based Team

By Amit Chowdhry ● Feb 22, 2024

Law firm Hill Dickinson announced the hire of James Harmer, who joins the London team as a corporate partner specializing in debt capital market transactions. Harmer joins Hill Dickinson’s Business Services Group, and his practice bolsters Hill Dickinson’s existing corporate finance, banking, and financial law services in the City, where he will cover both private placements of debt and issuances in the public markets.

Why Apollo Intelligence Is Buying GlocalMind

By Amit Chowdhry ● Feb 22, 2024

Apollo Intelligence (a leading provider of real-time data and insights to the healthcare and life science industries) announced it has acquired GlocalMind (a global technology-driven healthcare market research services and panel company). Launched in 2010, with teams in the US, Europe, and India, GlocalMind provides access to healthcare professionals (HCPs) and key opinion leaders (KOLs) in Europe and Asia-Pacific (APAC) regions, featuring a research operating center of excellence in India.