Silicon Valley Journals 
Netail, a platform that enables merchants to auto-identify competitors across the internet and follow their assortments, availability, and prices in real time, announced today the closure of a $5 million seed round. Magarac Venture Partners and HKSTP Ventures co-led the funding. Consumer behavior has shifted considerably, with the bulk of purchases now being made online … Read more
A strategic round of funding advances the industry’s leadership in the rapidly expanding warehouse automation field.
Locus’ next phase of expansion will be supported by new board members Goldman Sachs Asset Management and G2 Venture Partners.
BlockFi, a crypto lender, filed for bankruptcy (chapter 11) protection on Monday, becoming the latest sector casualty following the firm’s exposure to the stunning collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes at a time when cryptocurrency prices have fallen. The price of bitcoin, the most popular … Read more
General Atlantic, a leading global growth equity investor, announced the opening of a new office in Miami, Florida, today. The Miami office is the firm’s fourth in the United States and its 16th internationally. General Atlantic, based in New York, opened its doors at 2340 Collins Avenue on Wednesday. It will be the company’s fourth … Read more
SynMax, a satellite data analytics business focusing on oil, gas, and dark ship tracking, has raised $6 million in seed funding from existing customers. The financing was led by Bill Perkins, an energy trader and SkyFi cofounder, and GeoSol Capital LLC. The Houston-based firm is committed to producing distinctive data analytics in high-value markets. Rather … Read more
Led by Sage Growth Capital and Independent Investors; Combination of Equity and Debt Financing Propels Ambassador’s Plans for Innovation and Market Expansion
Early Light Ventures, an early-stage investor, has raised at least $10.6 million for its second fund. Early Light, based in Baltimore, is still relatively new to venture capital, with four exits and four years under its belt, according to Crunchbase. It mostly invests in firms that offer software to other organizations, such as event ticketing … Read more
TLC Electronics has announced the acquisition of Schuster Electronics of Cleveland, Ohio, with a second location in Cincinnati, Ohio. TLC Electronics was founded in 1984 in St. Paul, Minnesota as a manufacturer rep firm focusing in interconnect solutions. In the early 1990s, there was a growing need for cable and wire harnesses for small pitch … Read more
MGO Global (MGOL) has filed to raise $7.5 million in an IPO of its common shares, according to an S-1 registration statement. The company sells licensed Messi Brand sportswear, accessories, and home decor items. While the company has shown promise due to the licensing of the Lionel Messi brand, management has yet to demonstrate that … Read more
A Mississippi-based company that had grown to become one of the country’s top furniture manufacturers has laid off nearly its entire workforce. According to the Northeast Mississippi Daily Journal, around 2,700 workers, the most of whom live in northeast Mississippi, were laid off on Monday. United Furniture Industries sent an email and text message to … Read more