Latest News
SmithRx, a next-generation pharmacy benefits management company, has closed a USD20 million series B financing round, following a year of record growth in which the company surpassed 1,100 employer clients.
Venrock led the oversubscribed round and was joined by existing investors, including Founders Fund.
The proceeds will support Smith’s plans for continued growth as it becomes the leader in next-generation pharmacy benefits management (PBM).
With this round, Venrock partner Bryan Roberts has joined the Board of Directors partner Bob Kocher, another Venrock partner and MD is a Board Observer.
Polkadot was the most popular alt coin with venture capital and hedge funds in the final quarter of 2021, according to a report by Forkast.
Twenty four of 57 funds investing in the space held Polkadot – the 11th latest cryptocurrency in the world with a market cap of USD18.7 billion – in Q4 2021.
Oasis Network (ROSE) and Near Protocol (NEAR) were the next most popular assets among VCs and hedge funds, according to analysis by Messari says the report.
Private equity firms could be prevented from passing on legal costs to investors under new rules being considered by the US Securities & Exchange Commission (SEC), according to a report by The Wall Street Journal.
The move is aimed partly at addressing investor concerns that they could end up paying for wrongdoing on the part of fund managers.
Under the proposed new rules, managers would be prohibited from passing on the costs of regulatory examinations, investigations, or SEC settlements and fines.
The Minnesota State Board of Investment has approved an additional allocation of more than USD2.6 billion to global private markets investments, according to a torpor by AlternatvesWatch.
The USD136 billion board already has a USD18.6 billion private markets portfolio including private equity, private credit, real estate and real assets investments with over 100 managers
An additional 21 fund commitments across private equity and private credit asset classes have now been made, with 18 private equity funds selected to manage a combined USD2.2 billion, including Clearlake Capital Partners VII (USD100 million); Siris Partners V (USD100 million); Advent International GPE X (USD150
Leap, a leading provider of home contractor sales enablement software, has acquired JobProgress, a workflow and CRM product for home contractors.
Together, Leap, a portfolio company of private equity firm Next Equity, and JobProgress will serve more than 2,400 home contractors in North America.
JobProgress’ product suite offers CRM, project management, scheduling, and employee management tools to both exterior and interior residential contractors. As part of Leap, home contractors will now have access to even more tools to help them manage, estimate, record, and close deals on a single platform, without the need to use multiple technology providers.
The US Securities and Exchange Commission (SEC) has filed charges against venture capital fund adviser Alumni Ventures Group (AVG) and its CEO Michael Collins, according to a report by AltenativesWatch.
The SEC complaint alleges that the firm made misleading statements about its management fees and engaged in interfund transactions that violate fund operating agreements. Collins has been charged with causing
The SEC charged the entity’s CEO, Michael Collins, with causing AVG’s violations.
Both AVG and Collins have agreed to a cease and desist order and agreed to pay USD700,000 and USD100,000 respectively without admitting or denying the charges.
Auction-based advertising infrastructure startup, Topsort, has raised USD8 million in a seed funding round.
Founded just over a year ago, Topsort closed its seed round from various marketplace investors including Pear Ventures, Quiet Capital, FJLabs, Micky Malka (Ribbit Capital), Lydia Jett (Softbank), Akhil Paul, Comma VC and various other individual investors. This seed funding round sees the company valued at USD110 million.
Topsort will use this round of funding to fuel its continuous growth, scale its product further and continue its mission to empower marketplaces by democratising the previously exclusive auction-based advertising technology that has been used to drive profits
YABA, a leading Amazon brand aggregator in Southern Europe, founded in 2020 by Alejandro Fresneda, David Baratech, Rubén Ferreiro, Sergi de Pablos, and Patxi Archanco, has closed an USD85 million equity and debt financing round.
The deal was led by international funds such as US venture capital firm Crossbeam Venture Partners, a venture capital firm that focuses on the themes of platform economies, fintech, novel asset classes, and new forms of media, and Tikehau Capital, an alternative asset manager with USD38 billion of assets under management, through its special opportunities’ strategy. The latter has also committed to support the growth
eFront, a financial software and solutions provider dedicated to private markets, and a part of BlackRock, has released its latest Quarterly Private Equity Performance Overview, covering the period to the end of Q2 2021.
The report shows that the second quarter of 2021 was a particularly good one for the global LBO market, delivering a quarterly return of almost 12 per cent. This growth was mostly driven by the European and North American regions. The strongest progression was recorded for the youngest vintage years of 2017-2019.
Growth in the VC market, meanwhile, slowed modestly, but this sub-strategy is still delivering
The BLOC Smart Africa fund (BLOC SA), initiated by the Smart Africa Alliance and managed by Bamboo Capital Partners, is to invest EUR300,000 in Digitech, a Côte d’Ivoire-based SaaS insurance technology start-up.
BLOC SA is leading the seed round, catalysing additional capital from Launch Africa Ventures. Digitech is BLOC SA’s first investment.
The proceeds of the financing will primarily go to support the development and commercialisation of the Hyperion 2.0 reinsurance ERP software, a cloud-based solution automating transactions between insurers and reinsurers.
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
