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Viridi Parente (Viridi), a specialist in developing safe, resilient, point-of-use battery storage technology, has raised USD94.695 million in a Series C funding round led by existing investor B Thomas Golisano.
New investors include Ashtead Group/Sunbelt Rentals, a specialist in the equipment rental industry providing a highly diversified offering of equipment and solutions that service a broad customer base with more than 1,025 locations supporting a rental fleet of USD11 billion, and National Grid Partners, the investment arm of National Grid, one of the world’s largest investor-owned energy companies.
This round of funding, values Viridi, post-money, at USD700 million.
Private equity firm TruArc Partners’ portfolio company AI Fire, a specialist in fire protection and safety services, has completed four acquisitions.
AI Fire partnered with the TruArc team in March 2021. With TruArc’s support, AI Fire has accelerated a buy-and-build strategy designed to fuel the company’s growth and expand its geographic footprint to service national, regional, and local customers all under one umbrella.
AI Fire has acquired the following companies since the partnership with TruArc in March: Blackstone Fire Control and FESS Fire Protection which established a new regional footprint in the Carolinas, TEC Control Systems which increased density in
TMV, a NYC-based early stage venture capital firm, has closed its second institutional venture fund, surpassing its initial target of USD60 million.
Oversubscribed by approximately USD5 million and six-times the size of Fund I, TMV’s second fund is backed by multiple Fortune 500 institutions, including three global banks, a large hospital system and US Foundation. Additionally, several of the world’s largest family businesses in Europe, Australia and the United States have chosen to back TMV II.
project44, a supply chain visibility platform, has secured received an investment totalling USD420 million from a syndicate led by Thoma Bravo, TPG, and Goldman Sachs Asset Management (Goldman Sachs).
Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also participated acquiring equity interests resulting in a project44 pre-money valuation of USD2.2 billion.
Also Sixth Street committed to make available additional funding, in support of the company’s strategic acquisition programme and product development activities.
When combined with its USD202 million equity raise in May of 2021, project44 has set a funding record for Logistics Tech enterprise SaaS
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.
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