Allocations
The Helper Bees, a full-service insurtech company that creates innovative ageing-in-place solutions for both payers and insureds, has secured USD12.8 million in a Series B funding round led by Trust Ventures, with additional support from Silverton Partners, Northwestern Mutual Future Ventures, Impact Engine, and Congress Avenue Ventures.
Sixpoint Partners (Sixpoint) has held the closing of the First Reserve Refuel Fund, a USD511 million single-asset continuation vehicle managed by First Reserve.
Sixpoint was retained by First Reserve, a middle-market private equity firm with a focus on the energy and industrials sectors, to serve as global exclusive placement agent for the fundraise. The Fund acquired Refuel (the “Company”), a buy-and-build platform with over 170 operated convenience stores located across the Southeastern United States, from a legacy First Reserve fund. The Fund also provides additional dry powder for Refuel to continue pursuing its acquisition-driven growth strategy.
The Fund was led
Eurazeo has made a USD75 million minority investment in Jaanuu, Inc (Jaanuu), a direct-to-consumer designer and manufacturer of premium, performance-oriented medical apparel and accessories.
Jaanuu is one of the fastest growing brands in the multi-billion dollar medical apparel market as a result of its innovative designs which deliver maximum functionality and comfort. Eurazeo’s investment brings Jaanuu’s total capital raised since its founding to approximately USD100 million.
Eurazeo’s partnership with Jaanuu will support brand marketing investments to build awareness and drive trial, as well as continued investment in product innovation.
Seaport Capital (Seaport) has successfully closed Seaport Capital Partners VI (Fund VI), a USD240 million private equity fund.
Fund VI will continue Seaport’s 25-year investment approach, focusing on lower middle-market investment opportunities in the business and information services, communications services, and media sectors.
Fund VI’s investor base includes institutional investors, family offices, high net worth individuals, and current and former portfolio company executives. Similar to Fund V, Fund VI received a significant commitment from management of the General Partner.
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Mainstream Electric, Heating, Cooling and Plumbing (Mainstream), a provider of residential HVAC installation and repair, plumbing, electrical, excavation and drain services in the Greater Spokane, Washington, and Coeur d’Alene, Idaho, markets.
This is an add-on investment to Riverside’s platform, Radiant Plumbing and Air Conditioning, a provider of essential, maintenance-focused home services.
This is Radiant’s third add-on, acquiring Schmidt Mechanical Group, in July and Done Services Group, in October 2021.
Recykal, a B2B marketplace for waste and provider of cloud-based solutions to facilitate transparent and traceable material flows in waste, has raised USD22 million in funding by investment funds managed by Morgan Stanley India.
Existing investors Circulate Capital, Vellayan Subbiah, and Arun Venkatachalam from the Murugappa Family also participated in this round.
This is the second institutional fundraise by the company following a USD4 million round in 2020.
Ironwood Capital has made subordinated debt and minority equity investments in Page Publishing Consortium (Page), a specialist in the self-publishing services space.
Ironwood provided a subordinated debt and equity investment in support of Serata Capital Partners’ (Serata) acquisition of Page. Wintrust Bank is the senior lender.
Established in 2013, Page is comprised of over 10 different operating brands that assist authors in transforming manuscripts into fully produced print, digital, and audio books available on major platforms such as Amazon, Apple, and Barnes & Noble.
KYND, a provider of cyber risk management solutions for the insurance industry, has secured a GBP3.25 million investment from BGF.
KYND will use the investment to accelerate its rapid growth and global expansion plans, as well as continuing to develop transformative cyber risk technology to launch new products.
The company has achieved a 1000 per cent growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers and brokers, such as Beazley, Howden, Paragon and Alliant.
Back Market, a renewed electronics marketplace, has secured USD510 million in a Series E round led by new investor Sprints Capital.
Existing investors Eurazeo, Aglaé Ventures, General Atlantic, and Generation Investment Management also participated in the round with funds set to be used to allow Back Market to build on its position as a leading marketplace exclusively dedicated to the sale of expertly refurbished electronics.
Mangata Networks (Mangata) has closed a USD33 million Series A round led by US-based venture capital firm Playground Global.
Mangata is developing a network of HEO (highly elliptical orbit) & MEO (medium earth orbit) satellite constellations, combined with the power of a terrestrial system of MangataEdge™ micro data centers, extending the cloud to the edge of the network close to users. This single core network will to provide scalable B2G and B2B connectivity, that is both affordable and accessible to anyone, anywhere on the planet.
Mangata Networks will initiate service for the entire Northern Hemisphere starting in 2024 with its
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
