Funding & Deal Highlights:
Copado, a leading native DevOps platform for Salesforce, announces $26M in Series B funding, bringing the total raised to $47M. The financing was led by Insight Partners who also led Copado’s Series A round, with participation from existing investor Salesforce Ventures and new partners Lead Edge Capital, ISAI Cap Venture, and Perpetual Investors. Copado will use the new funding to expand global distribution and accelerate product innovation, including its new DevOps analytics platform, DevOps 360.
Lassen Therapeutics, based in San Diego, comes out of stealth mode with a $31M Series A financing round. The round was led by Frazier Healthcare Partners with participation from Alta Partners and Longwood Fund.
Fidelis Insurance Holdings Limited announces the closing of its offering of $300M aggregate principal amount of 4.875% Senior Notes due 2030, taking the aggregate amount of capital committed to being raised by the firm to more than $1B in the last six months.
Engrail Therapeutics announces the close of a $32M Series A financing round. Nan Fung Life Sciences, the global investment platform of the Nan Fung Group, led the round. The Company plans to use the proceeds from the financing to support the clinical development of its first pipeline asset, ENX-101, a sub-type selective GABA A modulator.
Zerto, an industry leader for IT resilience, announces it has raised $33M in equity financing. The equity funding also allows Zerto to draw up to $20M in additional venture debt under an existing credit facility. The round is supported by existing investors: Access Industries via its Israeli entity Claltech, 83North, Battery Ventures, Harmony Partners, IVP, RTP Ventures, and U.S. Venture Partners. New investors include Poalim Capital Markets, the investment arm of Israel’s leading financial institution, Bank Hapoalim, and Zerto’s venture debt provider, Kreos Capital.
Wise Systems, the leading AI-driven routing and dispatching platform provider, has raised $15M in financing to accelerate its growth with leading global distribution customers. Led by Valo Ventures, a thematic-focused fund investing in applied AI companies that address megatrends such as climate change, mobility, and urbanization, the round also includes participation from existing investors Gradient Ventures, Prologis Ventures, and E14 Fund.
Outer, the Santa Monica-based direct-to-consumer outdoor furniture brand known for making durable, sophisticated pieces and for creating the hasslefree, integrated OuterShell® cushion cover, announces it has raised $4.3M in funding. The investment, led by Mucker Capital and backed by a number of stakeholders, will enable Outer to support the development and introduction of new products as the brand looks to grow their portfolio as well as expand the footprint of their innovative Neighborhood Showroom retail model.
Indianapolis-based CertaSite has acquired the assets of Approved Safety and Security Inc., a family-owned business in South Bend. The commercial fire protection and life safety company says the deal marks its first Indiana acquisition.
Improving, a technology consulting company, has merged with iTexico, headquartered in Austin, Texas with nearshore offices in Guadalajara and Aguascalientes, Mexico and sales offices in Dallas, Chicago, Northern California and Southern California. The merger is expected to increase Improving's workforce by more than 300 professionals with combined annualized revenue in excess of $115M.
Grove Collaborative, a leading digital-first brand and e-commerce platform for natural home and personal care products, announces today the acquisition of Sundaily, a category leader in ingestible skincare. Over the past three years, Grove Collaborative has launched its own brands of home and personal care products, including lines of tree-free paper, laundry care and vitamins. This latest expansion into ingestible skincare, with the acquisition of a brand known for evidence-based product innovation and better-for-you ingredients, signals Grove Collaborative's continued focus on and expansion of its wellness portfolio.
Bravo Wellness, one of the nation's top employee wellness solution providers, has bolstered its position as an industry leader with its acquisition of Chicago-based PUSH Wellness.
Planet has agreed to acquire 3C Payment. 3C Payment’s gateway, integration and terminal capabilities, when combined with Planet’s value-added payment services, will create a unique platform in the payments sector, serving businesses looking to improve customer experience.
Microsoft acquires ADRM Software, a provider of large-scale, industry-specific data models that companies can use as "information blueprints."