FinSMEs

AUGUST 26, 2024

Slingshot AI, a New York- and London, UK-based AI mental health startup, reportedly raised approximately $30m in seed funding. The round was led by Andreessen Horowitz (a16z). Other backers in the company included Felicis Ventures, BoxGroup, Gokul Rajaram, Jerry Murdock, Bryan Baum, Sumeet Gajri, Arjun Sethi, Mike Stoppelman, Liu Jiang, Cory Levy, and David Cahn. […] The post Slingshot AI Raises Approx. $30M in Seed Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

Each quarter, the S&P 500 index rebalances. This means new companies are added to the index, replacing existing members that are no longer eligible. One company that has been eligible for S&P 500 inclusion for quite some time but is yet to be added to the index is Palantir Technologies (NYSE: PLTR). With the next rebalance scheduled for Sept. 20, is now the time to load up on Palantir stock?

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A Wealth of Common Sense

AUGUST 27, 2024

The firehose of information we’re afforded these days is a double-edged sword. There is an abundance of news, analysis, charts and opinions but it can all be overwhelming if you don’t have an effective filter in place. When it comes to finance I have some filters to help understand which types of sources and people to safely ignore. These are the types of financial voices and data I immediately ignore: Pricing.

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AltAssets

AUGUST 29, 2024

Venture capital major New Enterprise Associates (NEA) has raised more than $468m for its first secondaries-focused fund since spinning out its specialist arm eight years ago. The post NEA raises almost half a billion dollars in return to secondaries market appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 27, 2024

Supio, a Seattle, WA-based provider of a purpose-built AI platform for personal injury and mass tort plaintiff law firms, raised $25M in Series A funding. The round, which brought the total amount to $33M, was led by Sapphire Ventures, with participation from existing investors Bonfire Ventures and Foothill Ventures. The company intends to use the […] The post Supio Raises $25M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

AST SpaceMobile (NASDAQ: ASTS) has satellites sitting at Kennedy Space Center in Florida ready for the launch pad. It is about to take a giant leap, hopefully sometime in September, that will change it from a company trying to prove it can operate a business to one that has the capability of actually doing so. The next year will be a vital turning point in many ways, but investors need to understand that not much will change for AST in the short term regarding financial performance.

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AltAssets

AUGUST 30, 2024

Tech and government investment specialist Veritas Capital is continuing to upsize its flagship fundraises at a rapid pace by reportedly eyeing up to $13bn for its newest raise. The post Veritas said to seek $13bn for new flagship fund, two years after closing $10bn predecessor appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 26, 2024

Home Run Dugout, Austin, TX-based entertainment provider featuring indoor soft-toss baseball, raised $22.5M in Series A funding. The round was led by Lagniappe Capital Partners with participation from BCS Capital and from existing investors. The company intends to use the funds to expand its footprint to include new locations in San Antonio and in Scottsdale.

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The Motley Fool

AUGUST 30, 2024

It's been around two years since the launch of OpenAI's ChatGPT started the generative artificial intelligence (AI) hype cycle. Since then, industry leaders like Nvidia and Super Micro Computer have added billions to their market caps by providing enabling hardware. However, consumer-facing AI software seems yet to reach its full potential. Let's explore why SoundHound AI (NASDAQ: SOUN) could be an excellent way for investors to bet on this side of the opportunity.

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Private Equity Wire

AUGUST 30, 2024

Coller Capital, one of the world’s largest investors dedicated to private market secondaries, and private equity and credit firm Abry Partners, have closed a $1.6bn GP-led transaction to create a continuation vehicle for Abry Advanced Securities Fund III (ASF III). The continuation vehicle, which is designed to provide full liquidity to Abry’s existing investors and will provide new and continuing investors the opportunity to seed Abry Partners’ new private credit strategy, is the largest

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AltAssets

AUGUST 30, 2024

Platinum Equity has bought a controlling stake in Inventia Healthcare's core oral solid dosage business from India Life Sciences Fund III, NYLIM Jacob Ballas India Fund III and the company's founding Shah family. The post Deal Roundup: Platinum picks up Indian generic pharma specialist, Phoenix Equity buys into Cybanetix appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 26, 2024

Viggle AI, a Toronto, Canada-based startup empowering character animations through generative artificial intelligence, raised $19M in Series A funding. The round was led by Andreessen Horowitz (a16z), with participation from additional investor Two Small Fish. The company intends to use the funds to continue to scale, accelerate product development, expand its team, and solidify its position […] The post Viggle AI Raises $19M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

Over the last couple of years, investors have been able to generate incredible profits from high growth opportunities such as artificial intelligence (AI) or the weight loss medications taking over the pharmaceutical sector. However, investing in growth stocks is a doubled-edged sword because they can fall precipitously during volatile economic periods.

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Private Equity Wire

AUGUST 30, 2024

Leveraged buyout financings accounted for almost half (42%) of all UK transactions in H1 2024, compared with just 29% in H1 2023, according to the latest MidCapMonitor report by global investment bank Houlihan Lokey. The bank’s MidCapMonitor report analyses mid-market private equity-sponsored debt financing activity across the UK, Germany, France, Spain, Benelux and the Alpine and Nordic regions.

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AltAssets

AUGUST 30, 2024

Coller Capital has backed the biggest credit continuation vehicle ever created, leading a secondaries process for Abry Partners' new $1.6bn fund. The post Coller backs Abry’s $1.6bn credit continuation fund, the biggest of its type ever created appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 26, 2024

Butler, a Burlingame, CA-based physical AI (PAI) startup, raised $38M in Series B funding. Backers included Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm. The company intends to use the funds to expand its presence, mainly in senior care communities. Led by CEO Honghao Deng, Butlr is an MIT […] The post Butlr Raises $38M Series B Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

Buying and holding solid companies for a long, long time is a tried-and-tested method of making money in the stock market, as this strategy allows investors to not only capitalize on secular growth trends but also benefit from the power of compounding. For instance, an investment of $10,000 made in shares of Nvidia 10 years ago is now worth more than $2.7 million.

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Private Equity Wire

AUGUST 30, 2024

Bradesco Asset Management, Brazil’s third-largest fund manager, has significantly expanded its private credit team over the past two years amid a surge in inflows from a thriving corporate-debt market, according to a report by Bloomberg. The asset-management arm of Banco Bradesco SA has seen net inflows of BRL45bn ($8.2bn) from January to then end of July, with credit products contributing to about 90% of this total, according to Bruno Funchal, the company’s chief executive officer.

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AltAssets

AUGUST 30, 2024

The notion that multibillion-dollar private equity 'mega funds' are generally unable to replicate the performance of smaller, more targeted vehicle has been debunked by new research from data provider PitchBook. The post New data debunks myth that megafunds underperform smaller vehicles appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 26, 2024

PrivacyHawk, a Los Angeles, CA-based company which specializes in consumer data protection, raised additional $3M in funding. Backers included K Street Capital, ffVC, Cadron Capital, Alliance Catalyst Fund, Array, Liebenthal Ventures, Alumni Ventures, Duro, and Gaingels. The company intends to use the funds to invest in improving its flagship product and to continue to grow […] The post PrivacyHawk Raises Additional $3M in Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

Despite a surge of growth since the beginning of last year, the artificial intelligence (AI) market remains a compelling investment opportunity. The industry was worth $200 billion in 2023 and is racing past that figure, expanding at a compound annual growth rate of 37% and projected to achieve just under $2 trillion in spending by 2030. As a result, companies and investors will likely continue to profit from providing AI tools, services, and hardware for years.

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Private Equity Wire

AUGUST 30, 2024

As forecasts for deal activity remain tentative, hanging in the balance due to a number of variables, certain factors characterise the PE landscape of today: A flight to quality assets; fierce competition for the same; persistently high though ever-so-slightly narrowing bid-ask gaps; and growing pressure to deploy, divest or distribute capital. Firms need to find differentiation, and more rigorous ways to evaluate a riskier class of assets.

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AltAssets

AUGUST 29, 2024

A pair of former partner from Pritzker Group's venture capital arm are eyeing up to $50m for their debut fundraise at newly-launched VC house SNAK Venture Partners. The post Former Pritzker VC pair launch debut SNAK Venture Partners fundraise appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 27, 2024

Navigator Medicines, a Scotch Plains, NJ-based biotech company, raised $100M in Series A funding. The round was led by RA Capital Management and Forbion. In conjunction with the financing, Mr. Joustra and Dr. Andrew Levin, Partner and Managing Director at RA Capital Management, will join the Board of Directors at Navigator. The company intends to […] The post Navigator Medicines Raises $100M Series A Financing appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

Cathie Wood is having a rough year as the co-founder, CEO and investment manager of Ark Invest. Her largest exchange-traded fund is trading 15% lower this year, a rough contrast to a winning year for many growth investors. She's not giving up hope. She's been buying stocks all summer. Wood added to three existing positions on Thursday, buying more shares in Tempus AI (NASDAQ: TEM) , Blade Air Mobility (NASDAQ: BLDE) , and Absci (NASDAQ: ABSI) on Thursday.

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Private Equity Wire

AUGUST 30, 2024

Phoenix Equity Partners (Phoenix), a UK private equity firm specialising in working alongside founder-entrepreneurs, has made a growth investment in UK cybersecurity specialist Cybanetix, marking the fifth investment from the firm’s 2022 Fund. Founded by Martin Jakobsen, a technology and cyber expert, in 2017, Cybanetix has grown rapidly to become one of the UK’s leading Managed Security Service Providers (MSSPs).

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AltAssets

AUGUST 30, 2024

Secondaries-focused growth stage tech investor G Squared has raised $1.1bn for its sixth flagship fund, just shy of the $1.2bn collected for its predecessor fund. The post G Squared rides booming secondaries sector with new $1.1bn fund close appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 27, 2024

Katara, a Dover, DE-based provider of an AI-agent workflow automation platform, raised $2.2M in Seed funding. The round, which brought the total amount to $2.6M, was led by Diagram Ventures and Sparkle Ventures, with participation from StreamingFast and other strategic angels. The company intends to use the funds to expand its reach beyond web3 to […] The post Katara Raises $2.2M in Seed Funding Round appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

The Nasdaq has been the biggest driver of stock market returns for over a decade. The tech-heavy Nasdaq Composite index has produced annualized returns of more than 16% over the past 10 years, significantly outpacing the benchmark S&P 500. There are two main indices that track the performance of the Nasdaq: the Nasdaq 100 and the Nasdaq Composite.

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Private Equity Wire

AUGUST 29, 2024

CCS Partners, a newly established credit management firm specialising in structured and private asset-based transactions, has raised $4bn in commitments since its launch earlier this month, according to a report by Bloomberg. The report cites an unnamed source familiar with the matter as revealing that the firm, co-founded by industry veterans Randy Takian (President), and Rob Kinderman (Chief Investment Officer, officially launched on 1 Augustand is set to invest in a range of securities and lo

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AltAssets

AUGUST 29, 2024

Pension fund giant the Los Angeles County Employees Retirement Association has revealed more than $450m of new private equity fund commitments and co-investments. The post LACERA pensions picks Kingswood, Lightyear Capital among latest PE fund commitments, co-investments appeared first on AltAssets Private Equity News.

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FinSMEs

AUGUST 27, 2024

Planera, a San Jose, CA-based provider of a construction CPM scheduling and planning solution, raised $13.5M in Series A funding. The round was led by Sierra Ventures, with participation from Sorenson Capital, Brick and Mortar Ventures, Prudence VC and Firebolt Ventures. The company intends to use the funds to accelerate the development and deployment of its innovative, collaborative, […] The post Planera Secures $13.5M in Series A Funding appeared first on FinSMEs.

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The Motley Fool

AUGUST 30, 2024

Intuitive Machines (NASDAQ: LUNR) stock soared 15.8% through 9:45 a.m. ET Friday morning after the company announced it has won its fourth moon landing contract from NASA. IM-4 -- the name of the mission -- will see Intuitive Machines send another of its Nova-C-class moon landers to the lunar south pole, there to deliver "six science and technology payloads, including one European Space Agency-led drill suite.

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Private Equity Wire

AUGUST 29, 2024

London-based private equity and venture capital group Brookstreet Equity Partners has launched a new impact investment platform focused on digital AI transformation, green energy transition and longevity scale-ups. Within digital AI transformation, Brookstreet will focus on software as a service, integrated IoT solutions and patentable innovations, aiming to advance AI capabilities and applications across various industries.

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