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Archipelo, a San Francisco, CA-based cybersecurity startup which specializes in DevSPM, raised $12M in funding. The round included a $4M pre-seed and an $8M seed round, led by Dell Technologies Capital, with participation from Zoom CEO Eric Yuan, Andy Bechtolsheim, Bill Tai, David Weisburd (10X Capital), Gil Penchina, Ed Roman (Hack VC), Anima Anandkumar, Samsung […] The post Archipelo Raises $12M in Funding appeared first on FinSMEs.
Space launch provider Rocket Lab USA (NASDAQ:RKLB) reported mixed fourth-quarter earnings on Thursday, Feb. 27. Revenue in Q4 was notably higher at $132.4 million, topping analysts' consensus projections of $130 million and rising 121% year over year. Adjusted EPS in Q4 was in line with estimates, presenting a loss of $0.10 per share. Overall, the quarter showed mixed results with strong revenue growth but enduring challenges in cost management.
According to Redfin, the U.S. housing market is now worth a stone’s throw from $50 trillion: Depedning on the day, that puts the housing market roughly on par with the total value of the U.S. stock market. In the past decade alone the total value of the housing market has more than doubled (from $23 trillion in 2014). Considering mortgage rates averaged nearly 7% in 2024, it’s hard to believe housing prices w.
Humanitru, a Richmond, VA-based provider of a data-driven strategy and engagement platform for mid to enterprise level nonprofits, raised $3M in funding. The round was led by Dogwood Ventures with participation from Meeting Street Capital, the 98, I2BF, Front Porch Venture Partners, and Team Ignite Ventures. The company intends to use the funds to: Led […] The post Humanitru Raises $3M in Funding appeared first on FinSMEs.
The cloud computing industry is dominated by trillion-dollar giants like Amazon , Microsoft , and Alphabet. Those companies also took the lead in the fast-growing market for artificial intelligence (AI) cloud services, renting state-of-the-art data center infrastructure to businesses who use it to develop and deploy AI software. DigitalOcean (NYSE: DOCN) is also a cloud provider, except it specifically targets small and mid-sized businesses who need specialized and cost-efficient services that t
Blackstone has announced the final close of its energy transition fund, Blackstone Energy Transition Partners, at its $5.6bn hard cap. According to Blackstone, the BETP IV is approximately 33% larger than its predecessor vehicle. Amongst some of the key energy transition investments were Energy Exemplar, which aids grid reliability through an energy market model software […] The post Blackstone closes energy-transition focused fund at $5.6bn hard cap appeared first on AltAssets Private Equ
Blackstone has announced the final close of its energy transition fund, Blackstone Energy Transition Partners, at its $5.6bn hard cap. According to Blackstone, the BETP IV is approximately 33% larger than its predecessor vehicle. Amongst some of the key energy transition investments were Energy Exemplar, which aids grid reliability through an energy market model software […] The post Blackstone closes energy-transition focused fund at $5.6bn hard cap appeared first on AltAssets Private Equ
Ligero, a NYC-based crypto startup focused on zero-knowledge proof (ZKP) technology for data privacy and security, raised $4M in Seed funding. The round was co-led by Galaxy Ventures and 1kx with participation from Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group and ZKV. The company intends to use the funds to expand operations and its development efforts. […] The post Ligero Raises $4M in Seed Funding appeared first on FinSMEs.
Sometimes the next great stock idea is pretty hard to find. That's why well-known investor Peter Lynch famously said that the "best stock to buy is the one you already own." With that advice in mind, right now is a great time to consider adding to your positions in Coca-Cola (NYSE: KO) , NextEra Energy (NYSE: NEE) , and Vici Properties (NYSE: VICI).
Neuberger Berman has announced the final close of its NB Real Estate Secondary Opportunities Fund II, securing $1.05bn in capital commitments. The RESOF II fund which included GP and employee commitments surpassed its original target of $800m. The recent fund is the successor to the NB Real Estate Secondary Opportunities Fund, which had […] The post Neuberger Berman smashes $800m fund target with $1bn raise appeared first on AltAssets Private Equity News.
Lade King, a seasoned technology leader with experience at Goldman Sachs, JPMorgan, and most recently at quant hedge fund Two Sigma, has made a move to private equity, joining TPG as Engineering Chief Operating Officer, according to a report by eFinancial Careers. King spent the past two years leading technical programme management for enterprise platform engineering at Two Sigma.
Shares of MARA Holdings (NASDAQ: MARA) -- formerly known as Marathon Digital Holdings -- jumped as much as 19.3% higher on Thursday morning. The move, driven by an analyst-stumping earnings report, subsided to a 9.2% gain by noon, ET. Before celebrating the large price gain, it should be noted that the stock is down by 55% over the last year, including Thursday's boost.
This week, I speak with with Melissa Smith , co-Head of Commercial Banking at of J.P. Morgan , Previously she was co-head of the banks Innovation Economy Group. She has been with JPMorgan for over 20 years. She works with founders, CEOs and CFOs, delivering a cohesive banking experience to startups and fast-growing companies. She discusses her path through finance and dance, the complexities of middle market banking, and how J.P Morgan is preparing for the next wave of technological disruption.
German advertising group Stroeer’s attempt to sell its multi-billion-euro outdoor advertising business has hit a roadblock as two private equity bidders KKR and Hellman & Friedman (H&F) walked away from negotiations due to valuation disagreements, according to a report by Reuters. The report cites unnamed sources as revealing that Stroeer, Germanys leading outdoor advertiser, had previously attracted interest from private equity firms, seeing initial indicative offers that valued i
If there's one company that has been at the epicenter of the artificial intelligence (AI) revolution, Nvidia (NASDAQ: NVDA) is it. The company's graphics processing units (GPUs) provide the computational horsepower that underpins the vast majority of AI processing and has been the biggest contributor to the accelerating adoption of this groundbreaking technology.
Four categories are recognized under current regulations to qualify as an Eligible Designated Beneficiary (EDB). These include the surviving spouse, minor children of the decedent, a disabled or chronically ill individual as assessed at the time of the decedent’s passing, and other individuals who are no more than ten years younger than the deceased account owner.
Alkami (Nasdaq: ALKT), a Plano, TX-based cloud-based digital banking solutions provider for financial institutions in the U.S., acquired Fin Technologies, Inc. (Fka “MANTL”), a NYC-based account origination technology company that empowers banks and credit unions, for an enterprise value of $400M. With the acquisition of MANTL, Alkami solidifies its position as a digital sales and service platform […] The post Alkami to Acquire MANTL appeared first on FinSMEs.
Streaming service Netflix (NASDAQ: NFLX) has amassed worldwide popularity thanks to its vast library of popular series and movies that are no longer syndicated on network television. However, in recent years, competing media companies have invested in their own proprietary streaming services, and many have moved their content off of Netflix. As a result, Netflix has spent the last several years reinventing itself into more of an end-to-end entertainment business.
Aquiline, a private investment firm specialising in financial services and technology, is to acquire SEI’s Family Office Services business for $120m. Following the transactions close, which is expected to take place on 30 June, the business will operate as Archway. SEIs Family Office Services business delivers technology and outsourced services for the accounting, investment management, and reporting functions of family offices and family office divisions of financial intermediaries.
Analytics8, a Chicago, IL-based data and analytics consulting firm, received a growth investment from Boathouse Capital. The amount of the deal was not disclosed. The company intends to use the funds to support its continued expansion, scale services, enter new markets, and enhance the value it delivers to clients. Led by David Fussichen, CEO and […] The post Analytics8 Receives Growth Investment from Boathouse Capital appeared first on FinSMEs.
Image source: The Motley Fool. fuboTV (NYSE: FUBO) Q4 2024 Earnings Call Feb 28, 2025 , 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Thank you for standing by. At this time, I would like to welcome everyone to today's Fubo fourth-quarter 2024 earnings call. All lines have been placed on mute to prevent any background noise.
OMERS, the benefit pension plan for the broader municipal sector employees of Ontario, has secured 8.3% net investment return and $10.6bn net expenses in 2024. According to OMERS, these results mean that the plan exceeded its 7.5% benchmark for the year. In addition, the plan reported a smoothed funded status of 98%, up from 97% […] The post OMERS secures 8.3% net investment return in 2024 appeared first on AltAssets Private Equity News.
Enveda, a Boulder, CO-based biotechnology company empowering lifes chemistry to discover new medicines, received an investment fromSanofi, bringing the total of Series C funding to $150M. Envada had announced a $130M Series C funding in November 2024. The company intends to use the funds to expand its clinical pipeline further in 2025, enhance its AI-driven […] The post Enveda Receives Investment from Sanofi; Brings Total Series C Financing to $150M appeared first on FinSMEs.
It might seem like a small tweak to its theme park operations, but a change at Walt Disney 's (NYSE: DIS) iconic Florida resort this week could be bigger than you think. On Tuesday, Disney World eliminated virtual queues for the last two rides using the online reservation system -- Tiana's Bayou Adventure at the Magic Kingdom and Epcot's Guardians of the Galaxy: Cosmic Rewind.
Blackstone has named Rodney Zemmel, a long-time senior partner at McKinsey, as its new global head of portfolio operations. In his new role, Zemmel will oversee the portfolio operations of Blackstone, which is a team of operating executives that offer expertise and support to Blackstones portfolio companies. Blackstone currently has over 250 businesses in its […] The post Blackstone appoints Rodney Zemmel as portfolio operations global head appeared first on AltAssets Private Equity News.
Eikon Therapeutics, a Hayward, CA-based pivotal-stage biotechnology company for drug discovery and development, raised $350.7M in Series D funding. The investment syndicate was composed of mutual funds, sovereign wealth funds, and healthcare and technology-focused venture firms including Lux Capital, Alexandria Venture Investments, AME Cloud Ventures, The Column Group, E15 VC, Foresite Capital, General Catalyst, Soros […] The post Eikon Therapeutics Raises $350.7M in Series D Funding appea
Super Micro Computer (NASDAQ: SMCI) has been through a difficult few months that started with questions about its financial reporting and peaked with a potential Nasdaq delisting. This resulted in the stock plummeting more than 67% from September through mid-November. All of this halted spectacular momentum that had pushed the stock to a nearly 800% gain in the previous three years.
Private investment firm Turnspire Capital Partners (Turnspire) has appointed Vijay Joshi as Director, Portfolio Operations. Joshi was most recently Vice President, Portfolio Operations at Hidden Harbor Capital Partners. Joshi also previously served as Director, Financial Planning & Analysis at Delta Apparel and Senior Analyst, Corporate Strategy and Innovation at Office Depot.
TeamSystem, a Pesaro, Italy-based technology company advancing business management solutions for SMEs and professionals, acquiredGolden SoftandClmentine. Founded in Madrid in 1985, Golden Soft provides a comprehensive range of accounting, payroll and business management solutions for accountants, independent contractors and SMEs. The company serves around 4,000 customers, including 600 professional firms, and recorded revenues of 2.7M […] The post TeamSystem Acquires Golden Soft and Clment
When Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) billionaire chief speaks, Wall Street wisely listens. That's because Warren Buffett has vastly outperformed the benchmark S&P 500 (SNPINDEX: ^GSPC) in his 60 years as CEO. The aptly dubbed "Oracle of Omaha" has overseen a cumulative gain in Berkshire's Class A shares (BRK.A) of 6,076,172%, as of the closing bell on Feb. 24.
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