Startups

Skylo Technologies: Direct-To-Device Satellite Company Closes $37 Million

By Amit Chowdhry ● Feb 15, 2024

Skylo Technologies – a leading direct-to-device satellite connectivity service provider - announced that it has secured $37 million in funding co-led by Intel Capital and Innovation Endeavors. The company’s new investors include BMW i Ventures, Next47, Samsung Catalyst Fund and Seraphim Space. And David Johnson of Intel Capital joins the board, bringing a wealth of experience and insight to fortify Skylo's leadership team.

Perigon Wealth Management Acquires Prudeo Partners, A Firm With About $425 Million In Total Client Assets

By Amit Chowdhry ● Feb 15, 2024

Perigon Wealth Management (a rapidly growing independent wealth management firm with offices across the country and approximately $6.9 billion as of January 31, 2024 in client assets) announced the acquisition of Prudeo Partners (a wealth management firm with offices in Reading, Pennsylvania and West Columbia, South Carolina with approximately $425 million in total client assets). The terms of the deal were undisclosed.

cPacket: $67 Million Raised From Morgan Stanley Expansion Capital And Trinity Capital

By Amit Chowdhry ● Feb 15, 2024

cPacket Networks announced the successful completion of a $67 million transaction, including a primary and secondary equity investment by funds managed by Morgan Stanley Expansion Capital and a debt refinancing by Trinity Capital. The involvement of these investors in this difficult market reflects positively on the company’s performance, strategic positioning, and exciting market opportunity.

Sapience Analytics Raises Funding From Kayne Anderson Growth Capital

By Amit Chowdhry ● Feb 15, 2024

Sapience Analytics (a global leader helping enterprises optimize capacity management with automated workforce analytics) announced a large new growth investment from Kayne Anderson Growth Capital. The demand for workforce data that is automated, unbiased, and accurate is key for companies to operate efficiently and cost-effectively in a post-pandemic world.

Blue Alliance Raises Strategic Investment From Prairie Capital

By Amit Chowdhry ● Feb 15, 2024

Blue Alliance (a fast-growing, operator-led MSP collective) announced that it had completed a growth recapitalization transaction with Prairie Capital, a proven firm in scaling companies across various industries. And Prairie Capital's investment will enable Blue Alliance to accelerate its growth strategy and offer more MSP owners an alternative to the standard agreement and the opportunity to be part of a strong, supportive community focused on scaling and shared success. Blue Alliance will continue operating independently within the Prairie portfolio.

Artie: $3.3 Million Raised For Solving Database Replication

By Amit Chowdhry ● Feb 15, 2024

Artie announced it had closed a seed round of $3.3 million to make database replication real-time, reliable, and cost-effective. Exponent Founders Capital led the funding round with participation from General Catalyst, Y Combinator, and angel investors, including Benn Stancil, Lenny Rachitsky, and Arash Ferdowsi.

WIT: Digital Activation Platform Raises Series A Funding

By Amit Chowdhry ● Feb 15, 2024

WIT – a digital activation platform across sports and entertainment - announced that it had closed a round of funding led by McCarthy Capital out of their Emerging Growth strategy. Vaidhy Murti launched WIT in 2021 as a platform for sports teams to create immersive fan experiences to engage with fans digitally.

Parlay: Small Business Loan Readiness Platfor Company Raises $1.3 Million

By Amit Chowdhry ● Feb 15, 2024

Parlay – a first-of-its-kind small business loan readiness platform - announced the closing of $1.3 million in pre-seed financing led by Fenway Summer. And other firms investing in the round include Hivers and Strivers Capital, Service Provider Capital, Capacity Capital, and Alumni Ventures, together with a follow-on investment from Techstars.

Amazec Photonics: €1.5 Million Raised To Advance Circulatory And Heart Failure Detection Technology

By Amit Chowdhry ● Feb 15, 2024

Amazec Photonics - a photonics-based medical technology company - announced it has secured a €1.5 million seed round of funding to develop its pioneering minimally invasive diagnosis devices. The funding round was led by PhotonDelta (a cross-border growth accelerator and ecosystem of photonic chip technology organizations) with a number of private investors also contributing. The funding round will be used to develop devices for clinical trials.