Silicon Valley Journals Flux Power Holdings, Inc., a developer of advanced lithium-ion energy storage solutions for commercial and industrial equipment electrification, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First Citizens Bank (“SVB Facility”) for $14.0 million to support higher working capital requirements due to increased customer demand. The Company’s … Read more
Navidea Biopharmaceuticals Inc. Navidea or the Company, a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, today announced the execution of a letter of intent to sell the Cardinal Milestone Payment for $8 million, as well as the execution of a new $2.75 million Equity Line of Credit, led by a longtime … Read more
Kaiser Permanente, a huge California-based health-care organization with 39 hospitals and 24,000 doctors, announced on Wednesday that it plans to purchase Geisinger Health, a smaller East Coast organization, in an endeavor to create a new firm that will manage nonprofit community health systems. If we can take much of what is in our value-based care … Read more
Cape May, which was created in 2011, described the merger as a “strategic investment,” and while the company has been silent on the financial details of the transaction, experts think the merged companies can generate more than US$10 million in revenue. Cape May co-founder and CEO Ryan Krill described the acquisition as a massive milestone … Read more
Barcoding, Inc., a Baltimore-based pioneer in supply chain efficiency, accuracy, and connectivity, has acquired Procensis, Inc., a Warminster, Pennsylvania-based mobility solutions company. The value of the transaction was not disclosed. With this acquisition, Barcoding will be able to expand its enterprise mobility offerings. Procensis’ expertise in wearable and mobile computing, screen modernization, user interface design, … Read more
Elastic Path, a Boston, MA-based startup focused on composable commerce movement, has acquired Unstack, a frontend-as-a-service firm also based in Boston. The value of the transaction was not disclosed. Elastic Path’s acquisition will provide merchandisers with a performant no-code frontend as well as the ability to develop a revenue-driving composable solution. Unstack is a website … Read more
Argosy Private Equity, a private equity fund focused on the lower middle market, announced today the acquisition of Burco, Inc. (“Burco” or the “Company”). Burco manufactures and distributes mirror glass and related materials to various automotive and consumer industries throughout the United States, as well as being an original equipment supplier to a number of … Read more
Scaleworks, a San Antonio-based B2B SaaS venture capital firm, has acquired Centage Corporation, a Framingham, MA-based provider of FP&A software solutions for small and midsized financial teams. The value of the transaction was not disclosed. Centage offers Planning Maestro, a cloud platform for managing all aspects of budgeting, planning, forecasting, and data analysis, giving business … Read more
Orbital Therapeutics, a business dedicated to improving global health by realizing the full potential of RNA therapies to cure human disease, announced today the successful completion of a $270 million Series A investment round. ARCH Venture Partners led the Series A round, with participation from initial investors a16z Bio + Health and Newpath Partners, as … Read more
Cata Labs stated today that it has raised $4.2 million in initial funding to promote the creation of a cross-chain liquidity layer that would speed up economic activity between blockchains. Spartan Group led the financing, which also included Robot Ventures, Maven11, Alchemy Ventures, HashKey Capital, Circle Ventures, and Superscrypt. Calvin Liu, Aditi Sriram, and David … Read more