Kin Insurance, a direct-to-consumer home insurance company, has held the first close of its Series D round at USD82 million, with additional commitments for a second close totalling USD18 million. The funding was led by QED Investors with participation from returning investors Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management Ltd (doing its reinsurance business as HSCM Bermuda), Alpha Edison, Allegis NL Capital, Avanta Ventures (venture arm of CSAA Insurance Group, a AAA Insurer), and August Capital, and new investors Geodesic Capital and PROOF.VC. Kin had raised USD133 million in equity funding prior to this round, which comes on the

Prospect Hill Growth Partners (PHGP), in partnership with Jamie Weeks, has formed Legacy Franchise Concepts (LFC), a multi-brand platform focused on high-growth, multi-site consumer services concepts. The new company will leverage best practices in culture, marketing, finance and development to strengthen its world-class consumer brands and accelerate growth. LFC owns and operates the global rights to SweatHouz, an innovative relaxation, wellness and recovery concept, and is now the largest area developer for Dogtopia, a leading dog daycare brand with more than 185 daycares nationally. In conjunction with the transaction, LFC also acquired 60 Dogtopia licenses in California, Florida, Nevada, Ohio,

Detected, a specialist in global KYB compliance, has raised an additional GBP1.5 million in just three weeks, adding to GBP2 million seeded in previous funding rounds. The funding round was led by Love Ventures with their FinTech Advisor John Lunn, a renowned veteran of the FinTech world. In 2006 Lunn joined PayPal as one of the original team members in the UK and subsequently helped to launch PayPal Ventures. He is now CEO of Gr4vy, the cloud orchestration platform, and will play an advisory role to assist with the company’s growth.   Since being founded in July 2020, Detected has

E78 Partners, a provider of finance- and accounting-related solutions to the private capital industry, has acquired Cadilus Inc, a Richmond, Virginia-based company offering consulting, managed services and technology in the area of financial planning and analysis (FP&A). The acquisition is the first following an investment in E78 in December by funds advised by Further Global Capital Management, a private equity firm focused on financial services businesses.

DNABLOCK, a company developing tools for creator communities in the new decentralised medium of Web3, has closed a second seed round of USD7 million led by blockchain gaming, NFT, and metaverse champions Sfermion, Solana Ventures, Animoca Brands, and Non-Fungible Labs. A diverse group of investors in Web3 including SoftBank Group’s SB Opportunity Fund, LD Capital, Haobo Zhao, CMT Digital, Gaingels, RareBreed, Alumni Ventures, Diverse Angels, Fenwick and West, Figure 8 Investments and Bill Silva, also participated.  Previous seed round investors include Twitch co-founder Kevin Lin, Mike Shinoda, and Spacecadet Ventures. The company will use these funds to further scale and

Zeus Fire & Security (Zeus), a portfolio company of Baltimore-based private equity firm Access Holdings, has formed a new partnership with Universal Atlantic Systems (UAS), a Philadelphia-based national provider of integrated security systems that will make Zeus one of the top 15 fire and security providers in the US. UAS President Scott Elkins, who has more than 30 years of experience in the industry, will become the CEO of Zeus.  As a mid-market investment firm specialising in buy-and-build strategies, Access Holdings partners, scales, and innovates to build enduring businesses. Access Holdings will support both UAS and Zeus’ future growth, recruit

Len The Plumber (LTP), a full-service residential plumbing company and a portfolio company of private equity firm Thompson Street Capital Partners (TSCP), has completed the acquisition of Canady’s Heating, Air, Plumbing, a full-service provider of residential HVAC and plumbing services. Canady’s was founded in 1986 and serves six counties in eastern Georgia. Both Canady’s partners, Fred Canady and Kyle Canady, will stay on post-close and continue to run the business.  Terms of the transaction have not benen disclosed.

Partners Group, a global private markets firm, has, on behalf of its clients, agreed to acquire Forterro, a pan-European software services provider for small and mid-sized businesses (SMBs), from Battery Ventures. The transaction values Forterro at an enterprise value of EUR1 billion. Founded in 2012 and headquartered in London, Forterro has a portfolio of 11 Enterprise Resource Planning (ERP) software brands, serving over 10,000 customers primarily in the manufacturing space. Partners Group will work with management to realise Forterro’s value creation potential and further expand its platform across Europe.

OpenGate Capital, a global private equity firm, has made a strategic investment in Annex Cloud, a provider of SaaS customer retention and loyalty management solutions to mid-market and enterprise customers worldwide. The company will continue to be led by its founder and CEO, Al Lalani. Terms of the investment have not been disclosed.   Founded in 2011, Annex Cloud provides a turnkey loyalty management platform that helps brands engage, retain, and grow customer relationships at scale. 

Mercer Global Advisors, a US Registered Investment Adviser (RIA) majority owned by both Oak Hill Capital and Genstar Capital, has acquired Benemark, a respected wealth management firm headquartered in Westport, Connecticut. Benemark serves approximately 70 clients with assets under management (AUM) of approximately USD230 million. Benemark was founded by Robert A Medvey, CFP, CPWA, Partner and CEO, and Gregg G Padilla, CFP, Partner and CFO, in 1995.  Benemark offers comprehensive financial planning and portfolio management to high-net-worth individuals, families, and corporate clientele. Benemark’s entire team will be joining Mercer Advisors.