Venture Capital

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.

Bain Capital Credit Reveals $2 Billion Of Financing Investments In 2023

By Amit Chowdhry ● Feb 15, 2024

Bain Capital Credit, L.P. (a leading global credit specialist) announced that the firm’s Private Credit Group invested about $2 billion to support the growth of middle market and private equity-backed companies last year. Bain Capital Credit’s Private Credit Group invested in 58 businesses across 34 industries last year, supporting the refinancing, leveraged buyout, and add-on acquisition activity of both new and existing portfolio companies. With experience investing in middle-market private debt dating back to 1998, the Private Credit Group has invested over $22 billion across more than 475 portfolio companies since its inception.

Blackstone Invests In Drive-Thru Beverage Business 7 Brew

By Amit Chowdhry ● Feb 15, 2024

Blackstone announced that Blackstone Growth and affiliated funds have made a growth equity investment in 7 Brew Coffee, the next-generation drive-thru beverage business. And Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners.

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.

Värde Committed $1.3 Billion In Asset-Based Private Credit Transactions In 2023

By Amit Chowdhry ● Feb 15, 2024

Värde Partners (a leading global alternative investment firm specializing in credit and credit-related assets) announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. And these investments facilitated approximately $9 billion of commercial and consumer loans in North America and Europe.

Cotiviti: Recapitalization With KKR And Veritas

By Amit Chowdhry ● Feb 15, 2024

Cotiviti (a leading healthcare data and technology business) announced that the company has entered into a definitive agreement to recapitalize the business with affiliates of its long-standing partner Veritas Capital, a leading investor at the intersection of technology and government, and investment funds managed by KKR, a leading global investment firm.

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.

CVC Credit Prices Apidos XLVII CLO At $507 Million

By Amit Chowdhry ● Feb 15, 2024

CVC Credit - a $43 billion dedicated credit strategy of CVC - announced that it has successfully priced Apidos XLVII (47), a $507 million (c.€471 million) Collateralized Loan Obligation (CLO). And BNP Paribas acted as the lead arranger.

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.

Cambridge Mechatronics: Over $40 Million Raised To Enhance Smartphone Imaging Technology

By Amit Chowdhry ● Feb 14, 2024

Cambridge Mechatronics Limited (CML) – a world leader in the design and control of Shape Memory Alloy (SMA) actuators – announced the closing of a funding round totaling over $40 million to enable rapid expansion of its actuator and controller IC product portfolios.

ProfoundBio: $112 Million Closed To Develop Novel Antibody-Drug Conjugate Therapeutics for Patients With Cancer

By Amit Chowdhry ● Feb 14, 2024

ProfoundBio - a clinical-stage biotechnology company developing novel antibody-drug conjugate (ADC) therapeutics for patients with cancer - announced an oversubscribed $112 million Series B financing supported by a syndicate of top healthcare dedicated and mutual fund institutional investors. The funding round was led by Ally Bridge Group, with substantial contributions from new investors including Nextech Invest, funds and accounts advised by T. Rowe Price Associates, Janus Henderson Investors, RA Capital Management, OrbiMed, Surveyor Capital (a Citadel company), Medicxi, Logos Capital, Octagon Capital, Piper Heartland Healthcare Capital and LifeSci Venture Partners, as well as continued support from existing investors Lilly Asia Ventures (LAV) and LYFE Capital.

CDPQ Investing C$125 Million In Levio

By Amit Chowdhry ● Feb 14, 2024

CDPQ announced an investment of C$125 million to support the acquisition strategy of Levio, which is a leading consulting firm that leverages its expertise to achieve digital transformations, tailoring new technologies to ever-changing business realities.

Camus Energy: Grid Orchestration Company Raises $25 Million

By Amit Chowdhry ● Feb 14, 2024

Camus Energy – a grid orchestration platform for a 100% electrified future - announced it has surpassed $25 million in Series A funding after closing its $10 million extension. These are the details.

Meter: Internet Infrastructure Company Raises $35 Million

By Amit Chowdhry ● Feb 14, 2024

Meter – a company that builds internet infrastructure for businesses - announced $35 million in funding that will be used to propel growth and development across the company. And Sam Altman and Lachy Groom led the new funding round. The existing investors include industry leaders like Sequoia, Meraki co-founders John Bicket and Sanjit Biswas, and VMware founder Diane Greene.

Founderful: $85 Million Closed For Fund II

By Amit Chowdhry ● Feb 14, 2024

Five years after its launch, venture capital firm Wingman Ventures has rebranded as Founderful and is announcing it has quickly raised $85 million for its new fund, aiming to reach a final close at $120 million in the coming months.

PatientFi: Raises Significant Growth Investment From Questa To Provide Payment Solutions To Medical Practices

By Amit Chowdhry ● Feb 14, 2024

PatientFi - a company offering medical practices a comprehensive technology suite of payment and subscription solutions to help patients pay for elective procedures - announced the closing of a significant growth equity financing led by new investor Questa Capital (a venture growth equity firm focused on expansion-stage healthcare companies), with participation from the company’s existing investors.

Seal Security: Cybersecurity Company Raises $7.4 Million And Exits Stealth

By Amit Chowdhry ● Feb 14, 2024

Seal Security announced it has emerged from stealth with a $7.4 million seed funding round led by Vertex Ventures Israel, with participation from Crew Capital, PayPal Alumni Fund, and Cyber Club London.

Private Equity Firm Inyarek Partners Launches To Support Energy Transition

By Amit Chowdhry ● Feb 14, 2024

Inyarek Partners announced it has launched with a mission to identify and cultivate compelling asset development opportunities in support of the energy transition. Inyarek will look to capitalize opportunities via both direct investment vehicles and traditional commingled funds. Inyarek completed its first investment in partnership with high-quality institutional investors.

Rimere: Climate Solutions Company Secures $10 Million

By Dan Anderson ● Feb 14, 2024

Rimere (a climate solutions company with proprietary plasma technology) announced the closing of a $10 million strategic investment from Clean Energy Fuels. The funding round will accelerate the development and field testing of Rimere’s two independent devices, the Reformer and the Mitigator, that reduce climate change emissions and enable using natural gas to accelerate the transition to a clean hydrogen future.

Carlyle Launching New European Private Credit Strategy For Private Wealth Investors

By Amit Chowdhry ● Feb 14, 2024

Global investment firm Carlyle has announced the launch of a new semi-liquid European Private Credit strategy (ETAC) - which offers a single entry point for individuals to access Carlyle’s Global Credit platform. 

Marqo: Vector Search Company Raises $12.5 Million

By Annie Baker ● Feb 14, 2024

Vector search company Marqo announced it had closed a $12.5 million Series A funding round led by Lightspeed with participation from Blackbird VC, January Capital, and Chronosphere founder and CTO Rob Skillington.

Sudo Biosciences: Second Close Of Upsized Series B Funding Round Completed, Bringing Total To $147 Million

By Amit Chowdhry ● Feb 13, 2024

Sudo Biosciences - a biopharmaceutical company committed to designing and developing best-in-class precision TYK2 (tyrosine kinase 2) inhibitors - announced that during January 2024, it completed a second close of its Series B financing, raising an additional $30 million from new investors Dementia Discovery Fund (DDF, a SV Health Investors Fund), Leaps by Bayer, and UPMC Enterprises (the innovation, commercialization and venture capital arm of UPMC). This brings the total funding round in this upsized round to $147 million.

BioAge: $170 Million Raised To Accelerate Development Of Metabolic Disease Therapeutics

By Amit Chowdhry ● Feb 13, 2024

BioAge Labs - a clinical-stage biotechnology company developing novel therapies for obesity and metabolic diseases by harnessing the biology of aging - announced the completion of an oversubscribed Series D financing round of $170 million led by Sofinnova Investments. New investors - including Longitude Capital, RA Capital, Cormorant Asset Management, RTW Investments, SV Health Investors, OrbiMed Advisors, Sands Capital, Pivotal bioVenture Partners, Osage University Partners, Lilly Ventures, and Amgen Ventures - also participated in the round along with existing investors including Andreessen Horowitz (a16z) Bio + Health.

Anatomy: $7.6 Million Secured To Build Financial Automation Platform For Healthcare Organizations

By Dan Anderson ● Feb 13, 2024

Anatomy Financial announced the launch of their AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies. And Anatomy has raised $7.6 million in funding to build a financial operating system for healthcare from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech.

Bain Capital Real Estate And Cherry Tree Capital Partners Form JV For Developing Rental Townhome Communities In Southern California

By Amit Chowdhry ● Feb 13, 2024

Bain Capital Real Estate and Cherry Tree Capital Partners announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California. And the joint venture launches with the objective of deploying several hundred million dollars of gross capital over the next several years.