Oddly enough, funding for new stock/equity trading is hitting the market as is new means to earn college credits online without even having been admitted to any school. Healthcare continues to rule the roost in terms of funding for defining new ways to confuse consumers. Even as Quickbooks maintains a firm hold on the accounting software industry groups is still putting cash into finding ways to disrupt the industry. Amazon has sunk money into Irish companies that are looking at bridging the gaps between devices within the many different platforms. Finally, since December 20th of 2019, over $15 billion dollars of new funds have been raised within the private equity domain.
– Roofstock, an Oakland, Calif.-based online marketplace for investing in the single-family rental home sector, raised $50 million in Series D funding. SVB Capital led the round and was joined by investors including Citi Ventures, Fort Ross Ventures, 7 Global Capital, Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners and Canvas Ventures.
– Komodo Health, a healthcare data platform, raised $50 million in Series C funding. Andreessen Horowitz led the round and was joined by investors including Oak HC/FT also and previous investors IA Ventures and Felicis Ventures.
– Partnerize, a U.K.-based SaaS partner automation platform, raised $50 million in funding. Accel-KKR led the round.
– AvePoint, a Jersey City-based provider of data governance, protection and migration solutions, raised approximately $200 million in Series C funding. Investors include TPG Sixth Street Partners and Goldman Sachs.
– Indigo Agriculture, a Boston-based agricultural tech company, raised $200 million in funding. Investors include FedEx and Pacific Western Bank.
– HighRadius, a Houston, Texas-based order-to-cash and treasury management software, raised $125 million in Series B funding. ICONIQ Capital led the round and was joined by investors including Susquehanna Growth Equity and Citi Ventures.
– Evolv Technology, a Waltham, Mass-based developer of weapons-screening and threat detection systems, raised $30 million in funding. Investors include Finback Investment Partners, Bill Gates, DCVC, General Catalyst Partners, Lux Capital, and SineWave Ventures.
– Pieces Technologies, a Dallas, Texas-based healthcare artificial intelligence and technology company, raised $25.7 million in Series B funding. Concord Health Partners led the round and was joined by investors including Children’s Health of Dallas and OSF Healthcare System.
– The Guild, an Austin-based hospitality startup, raised $25 million in Series B funding. Investors include Maveron, Convivialite, and the Nicol Investment Company.
– Virtual Incision Corporation, a Sioux Falls, S.D.-based medical device company, raised $20 million in a Series B+ funding. Bluestem Capital led the round and was joined by investors including PrairieGold Venture Partners and Genesis Innovation Group.
– Sweepr, a Dublin-based customer care platform for the connected home, raised $9 million in Series A funding. Investors include the Amazon Alexa Fund.
– NinjaTrader, a Chicago-based provider of trading software and brokerage services to active traders, raised funding of an undisclosed amount. Long Ridge Equity Partners led the round and was joined by investors including DRW Venture Capital.
– Vecna Robotics, a Cambridge, Mass.-based workflow orchestration and self-driving forklift provider, raised $50 million in Series B funding. Blackhorn Ventures led the round and was joined by investors including Highland Capital, Fontinalis Partners, Drive Capital and Tectonic Ventures.
– Advantia Health, an Arlington, Va.-based provider of women’s healthcare, raised $45 million in funding from BlueMountain Capital Management.
– Kyruus, a Boston-based provider of search and scheduling solutions for health systems, raised $42 million in Series D funding. Venrock and Highland Capital Partners co-led the round and was joined by investors including Providence Ventures and Salesforce Ventures.
– Soul Machines, a New Zealand-based developer of emotionally responsive avatars, raised $40 million in Series B funding. Temasek led the round and was joined by investors including Lakestar, Salesforce Ventures, Horizons Ventures, and University of Auckland Inventors Fund.
– Corvus, a Boston-based provider of commercial insurance products, raised $32 million in Series B funding. Obvious Ventures and Telstra Ventures co-led the round.
– Outlier.org, a Brooklyn-based online education platform whose courses earn students transferable college credit, raised $11.7 million in Series A funding. GSV Ventures led the round and was joined by investors including Harrison Metal, Tectonic Capital, and Jackson Square Ventures.
– Docket, an Indianapolis-based software-as-a-service platform for managing intelligent meetings, raised $1.5 million in seed funding. Allos Ventures led the round and was joined by investors including High Alpha Capital, Elevate Ventures and Simon Equity Partners.
– Sea Star Beachwear, a New York-based creator of the water-friendly espadrille, raised $1.25 million in seed funding.
HEALTH & LIFE SCIENCES DEALS
– BioSkryb, a Durham, N.C.-based developer of genomic amplification technologies, raised $11.5 million in funding. Anzu Partners led the round and was joined by investors including Wilson Sonsini Goodrich & Rosati.
PRIVATE EQUITY DEALS
– Insight Partners agreed to acquire Veeam Software, an Alpharetta, Ga.-based developer of backup and disaster recovery solutions, in a deal valued at approximately $5 billion.
– Imperial Dade acquired American Paper & Plastics, a City of Industry, Calif.-based supplier of food packaging products.
– Freeman Spogli & Co. acquired Easy Ice, a Marquette, Mich.-based provider of commercial ice machine rental and related services.
– Marlin Equity Partners acquired Yaro, a Chicago-based provider of benefits navigation and care guidance solutions. Yaro will be merged with Virgin Pulse, a Marlin portfolio company.
– Copley Equity Partners made an investment in Gregory FCA, an Ardmore, Penn.-based public relations firm.
– Edgewater Midstream, a Houston, Texas-based provider of independent midstream solutions, raised $400 million from EnCap Flatrock Midstream and the Edgewater management team.
– The Halifax Group recapitalized TriMech, a Glen Allen, Va.-based provider of computer-aided design and engineering software. The seller was McCarthy Capital.
– Provation Medical, Inc, which is backed by Clearlake Capital Group, acquired MD-Reports, a Staten Island, N.Y.-based provider of electronic medical record, practice management, and report writing software.
– NSA Industries, a portfolio company of Ironwood Capital, acquired Vitex Extrusions, a Franklin, N.H.-based manufacturer of metal extrusions.
– Valet Living, a portfolio company of Ares Management, acquired Trojan Waste Solutions, a San Antonio, Texas-based doorstep waste and recycling provider.
– Healthgrades, a portfolio company of Vestar Capital Partners, acquired Evariant, a Farmington, Conn.-based healthcare consumer and physician engagement company.
– Springbrook Software, a Portland-based provider of payments software for local government, was acquired by Accel-KKR.
– Galen Partners acquired Evolve Treatment Centers, a Los Angeles-based adolescent behavioral health services provider.
– Bullhorn acquired Herefish, a St. Louis, Mo.-based provider of automation solutions for staffing firms.
– GFL Environmental Holdings, an Ontario, Canada-based waste management firm, updated its filing after canceling its IPO. It previously said it would raise up to $2.4 billion in an IPO of 87.6 million shares priced at a range of $20 to $24 apiece. The firm posted $2.7 billion in revenue (pro forma) in 2018 and a loss of $532 million (pro forma). BC Partners, Ontario Teachers, and GIC back the firm. It plans to list on the NYSE and TSX as “GFL.”
– Calisen Group, a British smart meters maker, is planning a London IPO that could value it at between 1.3-1.5 billion pounds ($1.69-1.95 billion), Reuters reports citing sources. KKR backs the firm.
– Phoenix Tree Holdings, a Beijing-based online marketplace for residential rentals, plans to raise $164 million (with 70% estimated bought by existing shareholders) in an offering of 10.6 million ADSs priced between $14.50 to $16.50 apiece. The firm posted revenue of $374.3 million and a loss of $191.6 million in 2018. Tiger Global (20% pre-offering), Joy Capital (15.7%), CMC Capital Partners (9.4%), and Ant Financial (7.8%) back the firm. It plans to list on the NYSE as “DNK.”
– PPD Inc., a Wilmington, N.C.-based drug development and laboratory management service for biopharmaceuticals, filed for a $100 million IPO. It previously filed confidentially in November. The firm posted revenue of $3.8 billion and an income of $96.3 million in 2018. Hellman & Friedman Capital Partners (56.7% pre-offering), Carlyle (23.8%), the Abu Dhabi Investment Authority (9.2%), and the Government of Singapore (9.2%) back the firm. It plans to list on the NYSE as “PPD.”
– Graycliff Partners LP sold 901D Holdings, an Airmont, N.Y.-based service engineering, and manufacturing company, to Curtiss-Wright Corporation (NYSE: CW) for $132 million.
– Effectual, which is backed by Catalyst Investors and Lumerity Capital, acquired JHC Technology, a public sector managed services company.
FIRMS + FUNDS
– Platinum Equity, a Beverly Hills, Calif.-based private equity firm, raised $10 billion for its latest global buyout fund, Platinum Equity Capital Partners V.
– Morgan Stanley Infrastructure Partners , a New York-based private infrastructure investment team within Morgan Stanley Investment Management, raised $5.5 billion for North Haven Infrastructure Partners III.
– Volition Capital, a Boston-based technology and consumer growth equity firm, raised $400 million for Volition Capital Fund IV, L.P. and $200 million for its Capital Select Fund I, L.P.
– Graycliff Partners LP, a New York-based private equity firm, raised $350 million for its fourth private equity fund, Graycliff Private Equity Partners IV LP.
– AEA Investors LP, a New York-based alternative investment firm, raised $4.8 billion for its seventh flagship fund AEA Investors Fund VII and $877 million for its fourth small business fund.
– Värde Partners, a Minneapolis-based alternative investment firm, raised $2.47 billion for its 13th flagship vehicle, Värde Fund XIII.