Growth capital

Grow Therapy Raises $88M Sequoia Capital-Led Series C to Advance Effective Mental Healthcare

Retrieved on:

Monday, April 8, 2024

NEW YORK, April 8, 2024 /PRNewswire/ -- Grow Therapy, a provider-centric mental health technology company improving access to high-quality mental healthcare, today announced the closing of its $88 million Series C investment round led by Sequoia Capital, with support from Growth Equity at Goldman Sachs Alternatives and PLUS Capital alongside artists and athletes from their collective including Anna Kendrick, Lily Collins, Dak Prescott, Joe Burrow, Jrue Holiday, and Lauren Holiday. Existing investors Transformation Capital, SignalFire and TCV also participated in the round. Additionally, the company announced the launch of its enhanced measurement-informed care system, which will allow it to elevate the care experience for clients and providers and make value-based behavioral care accessible for all patient populations, including Medicaid and Medicare members.

Key Points:

Empowering people to find and engage with effective mental health support is the most pressing need of our time.
Grow Therapy CEO Jake Cooper said, "Our team believes that empowering people to find and engage with effective mental health support – regardless of their background, geography or financial circumstances – is the most pressing need of our time.
We're proud to partner with the Grow Therapy team as they pursue the important mission of providing access to trusted mental healthcare."
Grow Head of Clinical Excellence Cynthia Grant PhD, LCSW, concluded, "Our team at Grow Therapy is privileged to have the opportunity every day to build the infrastructure for this new age of mental healthcare.

Exotec Reaches $1 Billion in Systems Sold

Retrieved on:

Tuesday, March 12, 2024

Growth capital, Automation, Goldman Sachs, Decathlon, Growth, Entrepreneurship, Research, Robotics, UNIQLO, Gap Inc., Weather, Video game

ATLANTA, March 12, 2024 /PRNewswire/ -- Today, Exotec®︎, a global warehouse robotics provider, announced that it has sold over $1 billion in systems globally, one of the fastest materials handling companies to reach the milestone. This achievement illustrates the rapid adoption of the Exotec technology since its founding in 2015 as it continually expands its headcount, reinvests into new solutions and reaches new markets across the world.

Key Points:

ATLANTA, March 12, 2024 /PRNewswire/ -- Today, Exotec®︎ , a global warehouse robotics provider, announced that it has sold over $1 billion in systems globally, one of the fastest materials handling companies to reach the milestone.
This achievement illustrates the rapid adoption of the Exotec technology since its founding in 2015 as it continually expands its headcount, reinvests into new solutions and reaches new markets across the world.
"Reaching the milestone of $1 billion in systems sold globally shows that our approach to warehouse automation is differentiated and strongly resonates with our customers," says Romain Moulin, CEO and Co-Founder at Exotec.
In 2024, Exotec plans to recruit close to 100 R&D professionals globally.

mTab Secures $15 Million Financing For Continued Growth

Retrieved on:

Monday, February 26, 2024

Professional Services, Data Management, Technology, Data Analytics, Software, Artificial Intelligence, Growth capital, Growth, Organization, Intelligence

mTab , a leading market insights platform and a portfolio company of Milestone Partners, today announced the closing of a $15 million growth credit financing by Kayne Anderson Growth Capital.

Key Points:

mTab , a leading market insights platform and a portfolio company of Milestone Partners, today announced the closing of a $15 million growth credit financing by Kayne Anderson Growth Capital.
The latest financing comes as the company further accelerates its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.
mTab connects organizations and research providers of all sizes with a powerful, trust-driven platform to answer any question.
“Our Kayne Anderson Growth Capital team prides itself on carefully selecting partners who are industry leaders,” said Leon Chen, Managing Partner, Kayne Anderson Growth Capital.

Mews Raises $110m to Accelerate Cloud Technology in Hospitality

Retrieved on:

Monday, March 4, 2024

Investment, Acquisition, The Social Hub, Growth capital, Tourism, Growth, Goldman Sachs, Travel, Organization, Software, Research, Kinnevik AB

AMSTERDAM, March 4, 2024 /PRNewswire/ -- Mews, the industry-leading hospitality cloud, has announced today that it is raising fresh funding of $110m. The round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2bn.

Key Points:

Mews is making a transformative impact to support some of the most innovative hospitality brands around the world.
The funding will see Mews prioritize its global expansion, research and development, and acquisitions, enabling the world's most innovative hospitality organizations to accelerate their digital transformation.
Having spent the summer holidays as a night receptionist, Valtr realized that the hospitality industry is built on legacy, on-premise technology.
Today, over 350,000 hospitality spaces are managed via Mews across 5,000 customers worldwide, including Strawberry Hotels, The Social Hub and Airelles.

Mews Raises $110m to Accelerate Cloud Technology in Hospitality

Retrieved on:

Monday, March 4, 2024

Investment, Acquisition, The Social Hub, Growth capital, Tourism, Growth, Goldman Sachs, Travel, Organization, Software, Research, Kinnevik AB

AMSTERDAM, March 4, 2024 /PRNewswire/ -- Mews, the industry-leading hospitality cloud, has announced today that it is raising fresh funding of $110m. The round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2bn.

Key Points:

The funding will see Mews prioritize its global expansion, research and development, and acquisitions, enabling the world's most innovative hospitality organizations to accelerate their digital transformation.
Having spent the summer holidays as a night receptionist, Valtr realized that the hospitality industry is built on legacy, on-premise technology.
Today, over 350,000 hospitality spaces are managed via Mews across 5,000 customers worldwide, including Strawberry Hotels, The Social Hub and Airelles.
Richard Valtr, Mews Founder, commented, "We're seeing a fundamental shift in the way the world's leading hospitality brands are accelerating their digital transformation and reshaping the way they deliver hospitality.

BOW RIVER CAPITAL'S SOFTWARE GROWTH EQUITY TEAM MAKES MAJORITY PLATFORM INVESTMENT IN ACCELO, A COMPREHENSIVE SAAS PSA PLATFORM FOR PROFESSIONAL SERVICES ORGANIZATIONS

Retrieved on:

Thursday, February 29, 2024

AI, Professional services automation, Growth capital, Software as a service, Organization, Morrison & Foerster, PSA, Team, Capital, Acceleration, SGE, Bow River, Software

DENVER, Feb. 29, 2024 /PRNewswire/ -- Bow River Capital, a Denver-based alternative asset manager, announced today that its Software Growth Equity (SGE) Team has been selected by Accelo to partner in its next phase of scale, software and AI innovation. Founded 15+ years ago, Accelo's cloud-based system is an industry leading Professional Services Automation (PSA) suite to enable strategic insights, accurate and real-time decision-making, and best-in-class execution for all sizes of professional services organizations and their respective markets.

Key Points:

Founded 15+ years ago, Accelo's cloud-based system is an industry leading Professional Services Automation (PSA) suite to enable strategic insights, accurate and real-time decision-making, and best-in-class execution for all sizes of professional services organizations and their respective markets.
Charles Chen, Partner at Level Equity said of the transaction, "We have high conviction in Accelo's future and are thrilled to partner with Bow River Capital to unlock the potential value ahead.
We're excited to participate in Accelo's next chapter of global growth with John Raeder and team."
Morrison & Foerster LLP served as legal counsel to Bow River Capital's Software Growth Equity Team on the transaction.

Norwest Announces Promotions to Strengthen Global Leadership and Investment Teams

Retrieved on:

Thursday, February 15, 2024

MENLO PARK, Calif., Feb. 15, 2024 /PRNewswire/ -- Norwest Venture Partners, a global venture capital and growth equity investment firm, today announced six promotions across its Leadership and Investment teams. These promotions will further bolster the firm's ability to partner with early-to late-stage companies across enterprise, consumer and healthcare sectors in the US, India and Israel.

Key Points:

MENLO PARK, Calif., Feb. 15, 2024 /PRNewswire/ -- Norwest Venture Partners , a global venture capital and growth equity investment firm, today announced six promotions across its Leadership and Investment teams.
"Each promotion is reflective of the global mindset and collaborative spirit that are the cornerstones of our investment strategy and firm culture."
Since joining Norwest in 2011, Ran has been instrumental to the success of the firm's strategies in the software, compliance technology and data analytics investment sectors.
He has been an integral member of multiple deal teams and works closely with several portfolio companies including Butter, Pequity and Xembly.

Bastille Raises $44 Million Series C Investment Led by Goldman Sachs Asset Management

Retrieved on:

Thursday, January 25, 2024

Bastille Networks, Inc., a leading supplier of wireless threat intelligence technology to high-tech, banking, and the intelligence community, is pleased to announce a Series C investment of $44 million, led by its new investor: Growth Equity at Goldman Sachs Asset Management (Goldman Sachs).

Key Points:

Bastille Networks, Inc., a leading supplier of wireless threat intelligence technology to high-tech, banking, and the intelligence community, is pleased to announce a Series C investment of $44 million, led by its new investor: Growth Equity at Goldman Sachs Asset Management (Goldman Sachs).
Existing investor Bessemer Venture Partners joined Goldman Sachs in the Series C round.
Growth Equity at Goldman Sachs Asset Management is dedicated to investing in high-growth businesses with strong market positioning, and durable business models.
Zartasha Chaudhry, of Goldman Sachs, will join Bastille’s Board of Directors to advise on the company's next stage of growth.

Calibre Delivers Record Full Year 2023 Gold Production of 283,494 Ounces, Exceeding the High End of Guidance; Setting Up for Stronger 2024 With Production Guidance of 275,000 – 300,000 Ounces

Retrieved on:

Tuesday, January 9, 2024

Social responsibility, Gold, CXB, Mining, Jabali, TSX, Valentine, OTCQX, Growth capital, Labrador, Palladium

Looking ahead to 2024, we foresee another robust year demonstrated by an increase in annual gold production guidance.

Key Points:

Looking ahead to 2024, we foresee another robust year demonstrated by an increase in annual gold production guidance.
Throughout 2023, we accomplished numerous milestones as we continue to execute our corporate strategy of transitioning into a mid-tier gold producer.
These actions underline our commitment to transparency, accountability, and adherence to the highest standards of environmental and social responsibility.
I look forward to 2024 as we work to expand our business in Newfoundland & Labrador transitioning to a mid-tier gold producer in 2025.

Multi-Cloud Data Services Pioneer Faction Appoints Derek Pilling as CEO

Retrieved on:

Tuesday, December 19, 2023

Cloud, Faction, Growth capital, Acquisition, Multi, Orix, Machine learning, Growth, Investment, Organization, Charnock, History, Former, Video game

ORIX USA’s Growth Capital group extended new capital to Faction in support of the company’s growth and expansion plans.

Key Points:

ORIX USA’s Growth Capital group extended new capital to Faction in support of the company’s growth and expansion plans.
Pilling, who joined Faction as Chief Financial Officer in 2020, has worked for over thirty years with venture capital and private equity-backed companies, supporting successive generations of market leaders in technology-enabled services.
The race to gain insights from data is pushing organizations to modernize their data architectures,” said Pilling.
“Faction's differentiated multi-cloud data services approach has the potential to drive significant growth for the company as they optimize their market opportunity in the larger data transformation ecosystem.”