Funding & Deal Highlights:
Electric gets another $7M in funding from 01 Advisors and the Slack Fund. Electric offers a fully-automated IT platform that is pitched as providing small- to medium-sized businesses with enterprise-grade support, including support for IT troubleshooting, systems administration, security network management, and onsite assistance. The company offers a chatbot interface that works with Slack to connect customers to more than 50 certified industry specialists to deliver personalized, intelligent resolutions of IT problems.
Prospect Medical Group to acquire three independent physician associations. Prospect Medical Group will acquire certain assets of CalCare IPA, Los Angeles Medical Center IPA, and Vantage Medical Group. The three additional IPAs currently hold health plan agreements with six payors responsible for approximately 130,000 members, most of whom are managed Medicaid/Medi-Cal members. The acquisition complements Prospect’s focus on providing care through the lifespan continuum for all members, across all products.
SQZ Biotech closes $65M Series D financing.
Nanotech Energy concludes oversubscribed $27.5M Series C funding.
AI-powered system Commerce.AI raises more than $1M through Reg CF offering on StartEngine.
ProctorFree lands funding for its online proctoring solution.
Archimed acquires remote monitoring company Actigraph in all equity deal.
Copley backs Tourmaline Partners.
Kalibrate Technologies acquires Trade Area Systems.
SS&C Technologies completes acquisition of Innovest Systems.
Archibus + Serraview buys SpaceIQ.
MAI Capital Management acquires Grisanti Capital Management.