Venture Capital

ADC Therapeutics Raises $86.6 Million And Restructures Debt To Extend Cash Runway Into 2029

By Amit Chowdhry ● Today at 5:45 PM

ADC Therapeutics announced a comprehensive financial restructuring that includes an $86.6 million private placement, amendments to its HealthCare Royalty agreement, and a refinancing of its senior secured loan. The company said the combined transactions are designed to strengthen its balance sheet, reduce leverage, increase strategic flexibility, and extend its expected cash runway into 2029.

Nucor To Invest $105 Million To Expand Indiana Utility Structures Facility

By Amit Chowdhry ● Today at 5:41 PM

Nucor Corporation plans to invest an additional $105 million to expand its Nucor Towers & Structures facility in Crawfordsville, Indiana, pending regulatory and other approvals. The project will increase the site's capacity to manufacture utility poles and related products used in electric transmission and distribution infrastructure. Nucor expects the expansion to create 100 new jobs.

Generate Capital And KeyState Close $154.5 Million Community Solar Tax Equity Fund

By Amit Chowdhry ● Today at 5:40 PM

Generate Capital closed a $154.5 million tax equity commitment with SOLCAP, KeyState's tax equity investment platform, supporting 10 community solar projects across New York and Illinois. The portfolio totals 43 MWac of generation capacity.

LongWater Private Equity Acquires Majority Stake In Blastco

By Amit Chowdhry ● Today at 5:35 PM

LongWater Private Equity acquired a majority stake in Blastco, establishing the Texas-based business as the foundation of a new national industrial coatings platform. Blastco provides surface preparation, industrial coating, and tank rehabilitation services from its headquarters in Channelview, Texas.

Stord Secures $400 Million Credit Facility Led By Citi

By Amit Chowdhry ● Today at 5:02 PM

Stord secured a $400 million credit facility led by Citi to expand its fulfillment network and accelerate investments in robotics, automation, software, and artificial intelligence. Morgan Stanley and JPMorgan also participated in the facility, along with First Citizens, Citizens, and KeyBank. The financing was oversubscribed at nearly twice the amount Stord originally sought.

Kohlberg Acquires Majority Interest In Advanced Industrial Devices

By Amit Chowdhry ● Today at 4:59 PM

Kohlberg acquired a majority interest in Advanced Industrial Devices from Black Bay Partners, investing in a provider of engineered automation and control systems serving data centers, water, power, and industrial infrastructure. AID's existing management team, led by CEO Russell Claybrook, will retain a significant ownership interest in the company.

MassChallenge Establishes MC Innovation Fund With $2 Million Gift From Amy And Joshua Boger

By Amit Chowdhry ● Today at 4:03 PM

MassChallenge established the MC Innovation Fund with a $2 million founding gift from Amy Boger and Joshua Boger to finance new growth and innovation initiatives. The fund is MassChallenge's first pool of capital dedicated specifically to expanding the organization's mission and launching new initiatives.

Meanwhile Raises $37.5 Million Led By Bain Capital Crypto

By Amit Chowdhry ● Today at 4:02 PM

Bitcoin-denominated life insurer Meanwhile raised $37.5 million from existing investors as the company expands internationally among high-net-worth clients. The round was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital.

Meticulous Raises $15 Million Series A Led By Chemistry To Expand Software Testing Platform

By Amit Chowdhry ● Today at 3:56 PM

Meticulous raised $15 million in Series A funding to expand its software testing platform as AI coding tools accelerate the pace at which developers generate code. The round was led by Chemistry, with additional participation from Menlo Ventures.

Brightwood Capital Prices $253.55 Million CLO

By Amit Chowdhry ● Today at 3:55 PM

Brightwood Capital Advisors priced a $253.55 million collateralized loan obligation, marking the private credit firm's tenth CLO issuance since 2019. The transaction is structured as Brightwood Capital MM CLO 2026-1 Ltd.

Manus Raises More Than $500 Million After Unwinding Meta Acquisition

By Amit Chowdhry ● Today at 3:32 PM

Butterfly Effect, the parent company of AI startup Manus, raised more than $500 million in new funding after resuming independent operations following the unwinding of Meta's planned acquisition of the company, according to Reuters. The financing was co-led by Boyu Capital and IDG Capital.

Arkansas Tech University Receives $3.15 Million Gift From Windgate Foundation

By Amit Chowdhry ● Today at 3:27 PM

Arkansas Tech University received a $3.15 million gift from the Windgate Foundation to expand scholarships and provide immediate financial assistance to students. The ATU Foundation will direct $3 million of the gift to the Windgate General Endowed Scholarship and the Sue M. Frueauff Memorial Endowed Scholarship.

Caltech Establishes Li Innovation Fund To Support Engineering And Sustainable Energy Research

By Amit Chowdhry ● Today at 3:19 PM

Caltech announced the establishment of the Li Innovation Fund through a gift from The Li Foundation, created by alumna Lu Li and her husband. The fund includes both an endowed Li Innovation Fund and a current-use Li Innovation Fund supporting research and programs in Caltech’s Division of Engineering and Applied Science.

Rice University Launches One Giant Leap Ventures To Invest In University Startups

By Amit Chowdhry ● Today at 3:14 PM

Rice University launched One Giant Leap Ventures Fund I, an early-stage venture fund focused on investing in startups connected to the Rice ecosystem. The institutional venture fund will invest in university spinouts as well as companies founded or led by Rice alumni, students, and faculty.

Kapta Space Raises $24 Million Series A Led By Washington Harbour Partners

By Amit Chowdhry ● Today at 3:13 PM

Kapta Space raised $24 million in Series A funding to scale production of its next-generation spaceborne radar technology and support multiple classified moving target indication contracts secured earlier in 2026. The round was led by Washington Harbour Partners and co-led by Bison Ventures.

Belmont University Receives $1.5 Million Gift To Establish Health Research And Innovation Professorship

By Amit Chowdhry ● Today at 12:18 PM

Belmont University received a $1.5 million commitment from Drs. Michael and Rowena Dolor Cuffe to establish the Michael and Rowena Cuffe Endowed Professor of Health Research and Innovation.

Colorado State University Receives $5 Million From Bohemian Foundation For Energy, Democracy, And Arts Programs

By Amit Chowdhry ● Today at 12:13 PM

Colorado State University received a $5 million gift from Bohemian Foundation to support energy innovation and permanently fund student programs focused on democracy and the arts. The investment is divided between CSU’s Powerhouse Energy Campus and two student prize programs that were established in 2025.

Ditto Wins $17 Million USSOCOM Contract For Enterprise-Wide Edge Data Platform

By Amit Chowdhry ● Today at 12:00 PM

U.S. Special Operations Command awarded Ditto a $17 million contract to deploy its resilient edge data platform across USSOCOM. The Accelerate the Procurement and Fielding of Innovative Technologies program awarded the contract.

Waymo Secures $5 Billion Debt Financing From PIMCO, Blackstone, Sixth Street And Other Lenders

By Amit Chowdhry ● Today at 8:08 AM

Waymo closed a $5 billion term loan, marking the autonomous driving company’s first debt financing as it continues expanding its commercial operations in the United States and internationally. PIMCO, Blackstone, and Sixth Street participated as lead syndicated lenders in the financing. Capital Group, Loomis Sayles, and T. Rowe Price also participated as significant lenders.

Sesterce Plans More Than €10 Billion AI Campus In Finland

By Amit Chowdhry ● Today at 8:04 AM

Sesterce is planning a large-scale artificial intelligence infrastructure campus in Jämsä, Finland, with an investment expected to exceed €10 billion.

Omni Bridgeway Closes $1 Billion Legal Finance Fundraise

By Amit Chowdhry ● Today at 7:48 AM

Omni Bridgeway closed its Funds 4 and 5 Series 2 capital raise at the full targeted size of $1 billion. The final close expands the legal finance firm’s institutional investor base while maintaining a high level of participation from existing investors.

BakerAvenue Wealth Management Receives Strategic Investment From Constellation Wealth Capital

By Amit Chowdhry ● Today at 7:17 AM

BakerAvenue Wealth Management received a strategic minority investment from Constellation Wealth Capital to support the firm’s next phase of growth. BakerAvenue manages $6.3 billion in assets and provides integrated wealth management, concentrated stock management, tax preparation, estate planning, and corporate trustee services.

Wolfspeed Receives Conditional $1.5 Billion 30-Year Loan Commitment From U.S. Department Of War

By Amit Chowdhry ● Yesterday at 4:16 PM

Wolfspeed received a conditional commitment from the U.S. Department of War's Office of Strategic Capital for up to $1.5 billion in long-term financing.

AblePay Health Raises $20 Million Series A Led By F-Prime

By Amit Chowdhry ● Yesterday at 4:14 PM

AblePay Health raised $20 million in Series A funding to expand its healthcare affordability and patient payment platform. F-Prime led the round, with participation from A1 Health Ventures and .406 Ventures.

VineBrook Homes Trust Completes $30 Million Tender Offer

By Amit Chowdhry ● Yesterday at 4:12 PM

VineBrook Homes Trust has announced the final results of its tender offer to repurchase Class A common shares at $33 per share, completing a roughly $30 million liquidity transaction for investors. The tender offer began on September 4, 2026, and expired on October 5, 2026.

Atom Computing Advances To Final Stage Of DARPA Quantum Benchmarking Initiative

By Amit Chowdhry ● Yesterday at 3:59 PM

Atom Computing was selected by the Defense Advanced Research Projects Agency to advance to the final stage of DARPA’s Quantum Benchmarking Initiative. Stage C of the program carries potential funding of up to $300 million.

Vocca Raises $20 Million Series A Led By Norrsken VC

By Amit Chowdhry ● Yesterday at 3:54 PM

Vocca raised $20 million in Series A funding to expand its AI platform for patient communication and healthcare scheduling. The round was led by Norrsken VC, with participation from Heal Capital, Speedinvest, and Firstminute Capital. Angel investors participating in the financing include founders of Alan and Datadog. The round brings Vocca’s total funding to $25 million.

Anyflo Emerges From Stealth With Native Acquisition And $1 Million Mysten Labs Investment

By Amit Chowdhry ● Yesterday at 3:52 PM

Anyflo emerged from stealth with the acquisition of Native and a $1 million investment from Mysten Labs as it develops stablecoin payment infrastructure for enterprises.

Helical Fusion Raises $20.6 Million In Series B Second Close With Fuji Electric And Other Investors

By Amit Chowdhry ● Yesterday at 3:51 PM

Helical Fusion raised JPY 3.23 billion, or approximately $20.6 million, in the second close of its Series B financing as it advances development of its commercial fusion program. Fuji Electric joined the round as both a strategic investor and an Official Partner of Helical Fusion’s Helix Program.

Jemal Real Estate Strategies And DivcoWest Form Venture For 323-Unit Washington, D.C. Conversion

By Amit Chowdhry ● Yesterday at 3:51 PM

Jemal Real Estate Strategies and DivcoWest formed a joint venture to convert a 342,000-square-foot office building in Washington, D.C.’s West End into approximately 323 apartments.