Venture capital

PPB Capital Partners Provides Access to Premier Technology Venture Capital Managers

Thursday, September 17, 2020 - 7:30pm

PPB Capital Partners (PPB or the Firm), a provider of alternative investment solutions and streamlined processing for wealth advisors, has announced a strategic partnership that will increase access to premier technology venture capital managers.

Key Points: 
  • PPB Capital Partners (PPB or the Firm), a provider of alternative investment solutions and streamlined processing for wealth advisors, has announced a strategic partnership that will increase access to premier technology venture capital managers.
  • PPB is committed to increasing access to both alternative strategies and premier managers that have historically only been available to institutional investors, said Brendan W. Lake, Founder, President & CEO of PPB Capital Partners.
  • PPB Capital Partners provides a roster of alternative investment managers, as well as builds and operates feeder funds and customized fund of funds for wealth advisory firms.
  • PPB Advisors, LLC is an affiliate of PPB Capital Partners, LLC by virtue of common control or ownership.

PWNHealth Receives Significant Growth Investment Led by Spectrum Equity

Thursday, September 17, 2020 - 11:00am

The investment will enable PWNHealth to continue to expand its product offering to direct-to-consumer testing brands, diagnostic testing laboratories, health plans, and life sciences companies.

Key Points: 
  • The investment will enable PWNHealth to continue to expand its product offering to direct-to-consumer testing brands, diagnostic testing laboratories, health plans, and life sciences companies.
  • PWNHealth is the market-leading platform facilitating lab testing for consumers directly online, through their employers and via health plans.
  • "We are excited to partner with Spectrum Equity and the Blue Venture Fund as we embark on our next chapter of growth.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

Lightspeed Venture Partners Expands to Southeast Asia to Partner With Bold Founders Building Disruptive Companies

Thursday, September 17, 2020 - 1:00am

Headquartered in Singapore, Lightspeed will partner and support the regions bold entrepreneurs building disruptive companies.

Key Points: 
  • Headquartered in Singapore, Lightspeed will partner and support the regions bold entrepreneurs building disruptive companies.
  • We believe the startup ecosystem will continue its significant expansion and are excited to partner with entrepreneurs as they build and scale disruptive companies, said Akshay Bhushan , Partner, Lightspeed Venture Partners.
  • With this expansion to Southeast Asia, Lightspeed remains committed more than ever to its mission: to partner with bold entrepreneurs building exceptional companies of tomorrow.
  • Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors.

Quantum Energy Partners and Global Reserve Group Lead $11 million Financing Round of Datagration Solutions, Inc.

Wednesday, September 16, 2020 - 2:37pm

HOUSTON, Sept.16, 2020 /PRNewswire/ -- Quantum Energy Partners and Global Reserve Group have led an $11 million equity financing to support the growth of Datagration Solutions, Inc. ("Datagration").

Key Points: 
  • HOUSTON, Sept.16, 2020 /PRNewswire/ -- Quantum Energy Partners and Global Reserve Group have led an $11 million equity financing to support the growth of Datagration Solutions, Inc. ("Datagration").
  • Datagration has assembled an experienced executive management team with a proven record of successfully growing and selling global enterprise software.
  • Energy company software industry veterans Peter Bernard, Jorge Machnizh, and Ike Epley lead Datagration's founding senior management team.
  • "Datagration is the sixth energy technology venture capital investment that Global Reserve Group has made in partnership with Quantum.

Truist Unveils Venture Capital Division with New Fintech Investment

Wednesday, September 16, 2020 - 2:07pm

Truist has appointed Vanessa Indriolo Vreeland, a seasoned executive with more than 20 years of private equity, venture capital and banking experience, to lead Truist Ventures.

Key Points: 
  • Truist has appointed Vanessa Indriolo Vreeland, a seasoned executive with more than 20 years of private equity, venture capital and banking experience, to lead Truist Ventures.
  • As the venture capital division of the sixth largest bank in the U.S., we have the scale to provide the capital early-stage companies need to grow.
  • Truist Ventures' investment focus stretches beyond traditional financial technology into disruptive technologies that enable Truist to deliver a human touch in new ways.
  • Truist Ventures' investment focus stretches beyond traditional financial technology into adjacent, disruptive technologies that enable Truist to deliver a human touch in new ways.

Canexia Health Closes New Financing Round to Accelerate Precision Oncology Roadmap

Wednesday, September 16, 2020 - 2:00pm

Canexia Health today announced a new financing round from PacBridge Capital Partners (HK) Limited to propel the companys long-term global growth and accelerate its roadmap to make cancer testing for treatment selection and monitoring accessible to all cancer patients.

Key Points: 
  • Canexia Health today announced a new financing round from PacBridge Capital Partners (HK) Limited to propel the companys long-term global growth and accelerate its roadmap to make cancer testing for treatment selection and monitoring accessible to all cancer patients.
  • Adding to its portfolio of monitoring studies, Canexia Health is collaborating with Exactis Innovation , a pan-Canadian Networks Centres of Excellence comprising 14 oncology centers.
  • Canexia Health continues to expand the genomic content of its assays, including MSI and CNV content, as well as recently releasing updates to the Canexia Health Fusions panel.
  • With our extensive scientific experience, specialized genomics-based tests, and support from pharmaceutical and diagnostic partners, we are leading the shift towards precision oncology.

Phoenix American and Alternative Investment Exchange Announce Their Partnership to Deliver Straight-Through Processing for Alternative Investments

Wednesday, September 16, 2020 - 1:43pm

The partnership will enable investors to purchase alternative investment products digitally using the AIX platform resulting in a complete and active investment record in the Phoenix American transfer agent system, STAR-XMS , with no manual intervention.

Key Points: 
  • The partnership will enable investors to purchase alternative investment products digitally using the AIX platform resulting in a complete and active investment record in the Phoenix American transfer agent system, STAR-XMS , with no manual intervention.
  • The partnership between Phoenix American and AIX is a key step in advancing the entire alternative investment industry.
  • "Phoenix American has long been a supporter of technological advancements that reduce costs for sponsors and improve investor and rep adoption of alternative investments," said Andrew Constantin, Senior Vice President, Operations for Phoenix American.
  • Phoenix American provides full-service fund administration, fund accounting , transfer agent and investor services as well as sales and marketing reporting to fund sponsors in the alternative investment industry.

Gojo & Company, Inc. - Completion of USD 19 Million Additional Close of Series D Financing From International Institutional Investors

Wednesday, September 16, 2020 - 1:00pm

Gojo & Company, Inc. (Gojo) is pleased to announce the successful additional close of its ongoing Series D financing of USD 19 million as of September 14, 2020.

Key Points: 
  • Gojo & Company, Inc. (Gojo) is pleased to announce the successful additional close of its ongoing Series D financing of USD 19 million as of September 14, 2020.
  • Gojo has successfully globalized its investor base by welcoming two international institutional investors as its investors for the first time.
  • Baillie Gifford is an independent investment partnership based in Scotland, UK, with USD 324 billion of assets under management (as at 30 June 2020).
  • We will continue to work towards the final close of the Series D financing.

McKesson Ventures Grows Leadership Team with New Partner Promotions

Wednesday, September 16, 2020 - 1:55pm

McKesson Ventures , the venture capital arm of McKesson Corporation , announces the expansion of its leadership team, promoting Jennifer Carter and Carrie Hurwitz Williams to partners of McKesson Ventures.

Key Points: 
  • McKesson Ventures , the venture capital arm of McKesson Corporation , announces the expansion of its leadership team, promoting Jennifer Carter and Carrie Hurwitz Williams to partners of McKesson Ventures.
  • As partner, Carter and Williams will identify long-term strategic industry opportunities, invest in healthcare technology companies and build valuable partnerships with McKesson Ventures portfolio companies.
  • Their promotions underscore McKesson Ventures commitment to an apprentice model of mentoring and promoting from within.
  • About McKesson Ventures: McKesson Ventures is a strategic venture firm backed by McKesson Corporation focusing on early and growth stage digital health and tech-enabled healthcare services companies.

Data Point Capital Welcomes Venture Veteran Geoff Oblak As A Managing Partner

Wednesday, September 16, 2020 - 1:00pm

BOSTON, Sept. 16, 2020 /PRNewswire/ --Data Point Capital (DPC), a prominent Boston-based venture capital firm focused on funding highly-scalable technology companies, today announced that Geoff Oblak has joined the firm as its newest Managing Partner.

Key Points: 
  • BOSTON, Sept. 16, 2020 /PRNewswire/ --Data Point Capital (DPC), a prominent Boston-based venture capital firm focused on funding highly-scalable technology companies, today announced that Geoff Oblak has joined the firm as its newest Managing Partner.
  • "I could not be happier to have Geoff join our team," said Scott Savitz, Managing Partner and Founder of DPC.
  • At Data Point Capital where we truly view ourselves as sitting on the same side of the table as the entrepreneurs we work with, Geoff will fit right in."
  • In addition to Savitz, Oblak joins Mike Majors, also Managing Partner at Data Point Capital.