PineBridge Investments is set to acquire private equity real estate specialist Benson Elliot Capital Management for an undisclosed sum. Benson is expected to operate as a standalone entity after acquisition.
Alternative Meat Producer Raises $135 Million led by former Unilever boss
A leading global multi-brand plant-based food company, The Livekindly Collective, has raised $135 Million led by Blue Horizon Corporation. Proceeds from this investment will be used to drive Livekindly Collective’s mission in making more sustainable plant-based alternatives accessible to consumers worldwide.
Arrival raises $118m from BlackRock
UK’s Arrival, a startup that develops electric-powered city buses and vans, has raised $118 million in funding from funds managed by private equity giant Blackrock. The company says its fleet of vehicles can travel up to 300 miles without the need to recharge.
Apollo invests $200m in Great Bay Renewables
Private equity giant Apollo has secured a stake in Great Bay Renewables, a company that funds solar and wind projects in exchange for a cut of the projects’ revenue streams. Apollo believes royalty investing could catch on in the renewables sector as it did in the traditional oil and gas sector.
Chiper Raised $12M Series A Funding
Over the past two years, Chiper has emerged as a well-known digitized corner store chain in Latin America. The company announced a $12 million Series A round funding led by WIND Ventures, Monashees and Kaszek Ventures.
Whisper Raised $35M Series B to change hearing aids with AI and subscription model
Whisper, a startup that uses artificial intelligence to help people hear better, has acquired $35 million in a Series B round of funding. Quiet Capital led the round, together with Sequoia Capital and First Round Capital. IVP joined the round as a new investor.
Extend Invests $40M Series B To Reinvent Warranty Purchases
Extend, a San Francisco-based company, has acquired $40 million in Series B funding led by Meritech Capital, together with PayPal Ventures, GreatPoint Ventures, and Shah Capital Partners. The New Funding will be used to provide merchants with a new revenue stream and provide customers with convenience in making their purchases.
Sonrai Security Grabs $20M Series B Round
Sonrai Security, A New York-based cloud security startup company, has raised $20 million in a Series B. The round was led by Menlo Ventures together with investor Polaris Partners and Series A lead investor Ten Eleven Ventures. The new funding will be used to expand research and development and marketing strategies.
98point6 Secured $118M Series E for test-based primary care
The digital primary care startup 98point6 has raised a $118 million Series E round led by the Growth Fund of L Catterton together with Activant Capital, and Goldman Sachs Merchant Banking Division. The fund will be used in supporting its expansion in the U.S.
Getaround raised $140M Series E Deal
A Silicon Valley car rental startup, Getaround, has secured $140 million in a Series E deal, bringing its total known venture funding to $600 million. The new funding will be used to focus on growing the markets that they are currently in as well as to expand in other cities.
Ori Biotech Secured $30M in Series A Funding
A London, UK-and New Jersey-based cell and gene therapy manufacturing company, Ori Biotech, closed a $30m Series A funding round led by Northpond Ventures, together with Octopus Ventures, Amadeus Capital Partners, Delin Ventures, and Kindred Capital.
Casai Acquired $48M to Fund Apartment Rental Expansion in Mexico City
Mexico City-based startup Casai offers short-term rentals for business travelers in emerging markets. The rentals, that are more economical than most Airbnbs, are located in friendly neighborhoods rather than financial or commercial places. The new funding will be used to invest in research and development of its smart home technology and to expand the team.
Menlo Microsystems nabs US$44m Series B Funding
California-based company Menlo Microsystems announced the closing of the US$44m B Series funding round that was led by 40 North Ventures together with Paladin Capital Group, San-Francisco based VC PIVA, Vertical Venture Partners, and Future Shape. The funding will help the company in growing its markets over the coming years.
Ant Group said to secure IPO valuation to $280B
Ant Group plans to increase the valuation target for its initial public offering of up to US$280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs restrictions on the company.
Fivestars Closes $52.5M
The startup company announced that it has raised $52.5 million in new funding. The round was led by Salt Partners, together with Lightspeed Venture Partners, DCM Ventures, Menlo Ventures, and HarbourVest Partners.
Popmenu Secured $17M to develop Its Restaurant Software
A US-based multi-faceted digital marketing and ordering platform for restaurants, Popmenu, has raised US$17 million in a Series B round this week. Bedrock Capital led the investment, together with Base10 Partners and Felicis Ventures, Mantis Ventures, and Chapter One Ventures joining the round.