Funding & Deal Highlights:
Vacasa, North America’s largest vacation rental management platform, announces a $108M strategic investment round. The financing was led by existing investor Silver Lake with participation from other existing investors including Riverwood Capital and Level Equity.
Vetty, an NYC-based provider of an AI-based employee verification platform for gig-economy marketplaces and enterprises, raises $4M in Pre-Series A funding.
Massachusetts-based startup Overjet raises $7.85M in a seed round to bring data-driven care to dental practices. Overjet looks at clinical data, such as what procedures were done and what outcome was achieved. For example, Overjet could look at an x-ray and determine if a treatment is needed or not.
TAE Life Sciences, a biological-targeting radiation therapy company developing next-generation boron neutron capture therapy solutions, announces the launch of an innovative in-house boron delivery drug development program supported by an influx of $30M in funding. The initial phase of the B-round funds comes from a consortium of investors including ARTIS Ventures, who led the company's initial funding in 2018.
Heart Health Intelligence has designed and developed The Heart Seat, a unique cloud-connected toilet seat-based platform that effortlessly captures clinical-grade and relevant cardiac data from the patient’s home, without any change in the user’s habits. HHI has closed its $2.2M seed round to support the commercialization of The Heart Seat and achieve FDA clearance. This round was led by Bemis Manufacturing Company, with additional investments from LaunchNY, RIT Venture Fund, Tech Coast Angels, Excell Partners, and Impact Capital of New York.
Ahana, the Presto-based analytics company, announces it has raised $2.25M in funding led by GV (formerly Google Ventures) along with participation from Leslie Ventures and other angel investors. Additionally, Ahana has joined the Linux Foundation’s Presto Foundation. Ahana will use the funding to expand its technical team and deliver Presto-based analytics products. Founded during the Coronavirus pandemic, Ahana is a remote-from-the-start company.
Architect Equity announces that it has acquired Faultless Brands, owners of Faultless, Niagara and Magic laundry products, Bon Ami and Kleen King cleaning products, and Trapp Fragrances. Faultless Brands is based in Kansas City, Missouri, and has been family owned for over 130 years.
Shamrock Capital, a Los Angeles-based investment firm, announces that it has acquired Adweek, an industry leader in coverage of the advertising and brand marketing ecosystem, from Beringer Capital. Terms of the transaction were not disclosed.
Greystar Real Estate Partners, LLC, a global leader in the investment, development, and management of high-quality rental housing properties, announces the acquisition of the property management business of Alliance Residential Company. The combined businesses will continue to deliver best-in-class services for clients, partners, and residents under the Greystar brand.
Alta Equipment Group Inc. announces that it has entered into a definitive agreement to acquire PeakLogix, a national material handling systems integrator located in Midlothian, Virginia. PeakLogix specializes in the design and installation of warehouse automation and storage systems and is recognized for designing customer solutions using the latest equipment and technology advancements to deliver process improvement and automation to its customers. PeakLogix generated approximately $25M in revenue and $2M in operating income in FY2019.
Transplace, the premier provider of logistics technology and services, announces the strategic acquisition of ScanData Systems, Inc., a leader in parcel transportation management solutions. ScanData’s enterprise-class, multi-carrier, parcel shipping solution streamlines and optimizes carrier selection, booking, label printing, tracking, invoice reconciliation, and Business Intelligence reporting at scale. The solution covers shipping and logistics needs across the entire parcel life cycle. Specializing in supporting parcel shippers with extremely high volumes and complex shipping rules, shippers will immediately benefit from the current integration of ScanData’s PTMS capabilities into Transplace’s industry-leading Transportation Management System and broader logistics platform.
Prodege, a leading online consumer-rewards platform, announces that it has acquired Upromise, Inc., a leading college education-savings rewards business, from Sallie Mae. This acquisition furthers Prodege's mission to "Create Rewarding Moments" for its over 120M registered members worldwide.