Funding & Deal Highlights:
Paradigm talent agency secures a new investment from Crescent Drive Media, a company owned by the brother of agency chief Sam Gores. The agency has recruited industry veteran Bruce Rosenblum as an investment adviser.
Superpedestrian, a Boston, MA-based mobility engineering and technology company, raises $15M in funding. Superpedestrian is a mobility engineering and technology company that develops and launches urban transport solutions. Link is the company’s shared micro-mobility platform that offers electric vehicles with self-diagnostic technology.
RiskIQ, a startup providing application security, risk assessment, and vulnerability management services, has added National Grid Partners as a strategic investor. The funding from the investment arm of National Grid, a multinational energy provider, is part of a $15M new round of financing designed to take the company’s technology into critical industrial infrastructure — with National Grid as a point of entry.
Ethena raises $2M in seed funding for smarter anti-harassment software.
Everest Medicines, a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Greater China and other parts of Asia, announces that it has successfully completed a $310M Series C financing.
Powerlytics, a Doylestown, PA-based data platform provider, raises $4M in funding. Founded in 2011 by Kevin Sheetz, CEO, Powerlytics provides a proprietary big data analytics platform that analyzes anonymized financial information from publicly available U.S. government sources and reconstructs that data into actionable financial information to give a comprehensive financial view of the over 200M adults and 30M businesses that comprise the American economy.
Chegg, Inc. (NYSE: CHGG), a Santa Clara, Calif.-based edtech company, acquires Mathway, a math solving company. The acquisition amount was approximately $100M in an all-cash transaction. Potential additional payments of up to $15M, payable in cash over the next three years, remain subject to performance and other contingencies. Bringing Mathway into Chegg will bring additional subject coverage, languages, and international reach.
Mubadala agrees to invest $1.2B in Reliance Jio Platforms for a 1.85% stake in the firm. The deal values the Indian telecom operator, which launched in the second half of 2016, at $65B.
Endries International continues aggressive growth, acquires All-West Components & Fasteners.
Tiger Fuel acquires solar energy company Altenergy.
Northstar Capital, a provider of junior capital for middle-market private equity transactions, announces its investment in PKWARE, a portfolio company of Thompson Street Capital Partners.