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Telos Brands raises USD2.1m in seed funding from Picus Capital

San Francisco-based Telos Brands, a technology-first eCommerce company focused on the Amazon FBA ecosystem, announced a USD2.1 million seed round led by Picus Capital with participation from select business angels. Telos has also raised an undisclosed amount of debt from several financing partners to support acquisitions. Telos Brands is rethinking

L Squared completes acquisition of Sterling Trading Tech

L Squared Capital Partners has acquired  of Chicago-based Sterling Trading Tech (STT) from LLR Partners and other investors, a SaaS provider of financial technology for the global capital markets.  The investment represents L Squared’s fourth platform investment in Fund III, a USD505 million private equity fund that closed in September

Macquarie to sell Dovel Technologies to Guidehouse

Macquarie Capital is to sell Dovel Technologies (Dovel) to Guidehouse, a portfolio company of Veritas Capital.  Dovel is a leading expert to federal agencies that blends deep domain expertise and advanced technologies in the health IT, life sciences, public safety and grants management markets. Macquarie acquired a majority stake in

Diligend launches free to use SEC Form ADV data module for institutional investors

Diligend, a fund due diligence and monitoring software provider, has launched a new and free to use Form ADV data module. ADV data plays an instrumental role in helping investors make investment decisions during the selection of fund managers or when monitoring their existing portfolio. The data covers important information

Eventus closes USD30m Series B funding round

Eventus Systems, a provider of multi-asset class trade surveillance and market risk solutions, has closed a USD30 million Series B funding round, led by Centana Growth Partners.  Also participating in the round were DRW VC, an arm of principal trading firm DRW, CMT Digital, existing investors Jump Capital and LiveOak

Silver Oak Services Partners recapitalises Drive Automotive Services

Silver Oak Services Partners (Silver Oak), a lower middle market private equity firm focused exclusively on business, healthcare and consumer service businesses, has led the recapitalisation of Drive Automotive Services (Drive). Drive, headquartered in Atlanta, Georgia, is a full-service operator of automotive repair shops, serving over 120,000 vehicles annually. The

Genstar Capital-backed Alera Group to merge with Propel Insurance

Alera Group an independent, insurance and financial services firm, is to merge with Propel Insurance Agency (Propel), one of the nation’s top 50 largest privately held insurance brokers.  Headquartered in Tacoma, Washington, Propel’s leading property and casualty capabilities will bolster Alera Group’s presence in the Northwest and Southeast regions, complementing

Aviva Technology Holding raises USD26.5m in Series A Financing

Aviva Technology Holding has secured USD26.5 million in a Series A funding round led by Dr Sehat Sutardja and Weili Dai (Founders of Marvell Technology Group) and other prominent semiconductor industry investors with participation from SAFE round investors.  Bringing the total amount raised to over USD33 million, this new round

Suntera Global acquires NeoTrust

Following the acquisition in August of Reference Financial Services SA (Luxembourg), Suntera Global has now signed an agreement to acquire fund and corporate services firm NeoTrust Fiduciary Luxembourg SARL (NeoTrust). Headquartered in Luxembourg, and founded in 2017 by Martin Hubert and Julien Guillaume, NeoTrust is a highly experienced provider of

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