In a strategic move to bolster its presence in the North American transportation sector, RXO (NYSE: RXO) has announced its definitive agreement to acquire Coyote Logistics from UPS for $1.025 billion in cash. This acquisition is set to propel RXO to the forefront as the third-largest provider of brokered transportation in the region, significantly enhancing…
Halo Industries, Inc., a pioneer in laser manufacturing technology for the semiconductor sector, has successfully closed its oversubscribed Series B funding round, securing up to $80 million. The round was led by Thomas Tull’s U.S. Innovative Technology Fund (USIT), alongside investments from 8VC and SAIC. This substantial funding infusion will accelerate Halo Industries’ efforts to…
Neuspera Medical, a company pioneering a discreet and minimally invasive treatment for overactive bladder (OAB), has secured $23 million in Series D financing. This significant investment round, led by Vertex Ventures HC and Treo Ventures, will propel Neuspera’s Neuspera System through U.S. Food and Drug Administration (FDA) premarket approval (PMA) and towards commercialization. OAB, a…
Cambridge-based Antler Bio, an emerging force in agricultural biotechnology, has announced a €3.6 million investment round to accelerate the deployment of its gene-expression platform, EpiHerd, across European dairy farms. The round was led by The First Thirty Ventures, with support from Endgame Capital and regenerative agriculture syndicate Generation-RE, bringing total capital raised to €7.2 million…
Semperis, renowned for its cutting-edge identity-driven cyber resilience solutions, has made waves once again in the cybersecurity realm with a significant funding milestone. The company has successfully secured $125 million in growth financing from J.P. Morgan and Hercules Capital, aimed at fueling its relentless pursuit of innovation and global market expansion. This latest financial backing…
In a significant move poised to reshape Europe’s tech landscape, Balderton Capital, the London-based venture capital firm, has announced a monumental $1.3 billion (€1.1 billion) investment package. The firm will deploy this capital through its newly established Early Stage Fund IX, raising $615 million (€563 million), and Growth Fund II, which garnered $685 million (€627…
Nium, a trailblazer in real-time cross-border payments, has elevated Spencer Hanlon to the role of Chief Operating Officer (COO). Hanlon, who previously led Nium’s Global Travel division, joins the executive ranks to steer the company through its next phase of growth and operational excellence. Hanlon’s journey at Nium began in 2021 following the acquisition of…
The European Investment Bank (EIB) has announced a significant €20 million venture-debt financing deal with German medtech innovator Protembis. This funding is set to propel the development of Protembis’ cutting-edge ProtEmbo Cerebral Embolic Protection system, designed to safeguard patients’ brains during catheter-based heart procedures. Protembis, known for its trailblazing approach to medical technology, will utilize…
In a significant move poised to reshape the landscape of financial crime prevention across Asia, True Global Ventures (TGV) has announced a strategic investment in Tookitaki, a leading provider of anti-financial crime software. This funding, coinciding with Tookitaki’s 10-year anniversary, aims to accelerate the company’s growth and innovation in response to the escalating regulatory demands…
GrayMatter Robotics, a trailblazer in AI-powered robotics solutions for manufacturing challenges, announced today the successful closure of a $45 million Series B funding round. Led by Wellington Management and supported by NGP Capital, Euclidean Capital, and other prominent investors, this funding round propels GrayMatter’s total raised capital to $70.4 million, reinforcing its position as a…
