Funding News

PLANTATION, Fla.--(BUSINESS WIRE)--Akumin Inc. (together with its subsidiaries “Akumin” or the “Company”) announced today that it entered into an agreement (the “Support Agreement”) with certain noteholders representing over 95% of outstanding senior secured notes due in 2027 and 2028 (together, the “Senior Secured Notes”), and Stonepeak, a leading alternative investment firm, that will reduce debt, enhance liquidity and extend its debt maturities related to the Senior Secured Notes. Under the...

PALO ALTO, Calif.--(BUSINESS WIRE)--Dazzle AI, a new company founded by entrepreneur, executive, and technologist Marissa Mayer, today announced it has raised $8 million in seed funding at a $35 million post-money valuation. The round was led by Kirsten Green of Forerunner with participation from Kleiner Perkins, Greycroft, Offline Ventures, Slow Ventures, and Bling Capital. Leveraging her experience at Google, Yahoo, and in user-centered technology, Marissa is dedicated to Dazzle AI’s mission...

ROCHESTER, Minn.--(BUSINESS WIRE)--Vyriad announced $25M final tranche of its Series B to support the first-in-human testing of VV169, Vyriad’s in vivo CAR-T candidate....

RANCHO CUCAMONGA, Calif.--(BUSINESS WIRE)--iPower Inc. (Nasdaq: IPW) today announced that it has entered into a $30 million convertible note financing facility to launch its Digital Asset Treasury (“DAT”) strategy as part of a broader crypto strategy designed to position the Company at the intersection of digital assets and real-world commerce, supported by a $30 million convertible note facility from a US-based institutional investor (the “Facility”). Of the initial $9 million in committed fun...

NEW YORK--(BUSINESS WIRE)--SharonAI Holdings Inc. and its subsidiaries (“Sharon AI”), Australia’s leading Neocloud (SHAZ:OTC Markets, SHAZW:OTC Markets), today announced that it has entered into a binding term sheet (the “Term Sheet”) to sell its 50% interest in Texas Critical Data Centers LLC (“TCDC”) for US$70m. TCDC is a 50/50 joint venture with New Era Energy & Digital Inc. (“New Era”) and Sharon AI’s 50% interest will be acquired by its joint venture partner, New Era. The consideration...

BALTIMORE--(BUSINESS WIRE)--Constellation Energy Generation, LLC (“Constellation”), a Pennsylvania limited liability company, announced today that it has extended the expiration date of (A) its previously announced private offers to exchange any and all of the outstanding (i) 4.625% Senior Unsecured Notes due 2029 (“Existing Unsecured 2029 Notes”), (ii) 5.000% Senior Unsecured Notes due 2031 (“Existing Unsecured 2031 Notes”) and (iii) 3.750% Senior Secured Notes (“Existing Secured 2031 Notes” a...

SADDLE BROOK, N.J.--(BUSINESS WIRE)--O2 Investment Partners is pleased to announce that, through Azureon, it has made an investment in and partnered with Precision Pool & Spa....

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Lucidean, a Santa Barbara–based AI interconnect company pioneering coherent optical links for data centers, announced that Dr. James Raring has joined as Chief Executive Officer and that the company has raised $18 million in Seed financing. The Seed funding was co-led by Entrada Ventures and Koch Disruptive Technologies (KDT), with participation from Foothill Ventures, M Ventures, Cerberus Ventures, and Raptor Group. With this Seed funding and strong synd...

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as joint lead arranger on the funding of a senior credit facility to support the investment in The Phia Group (“Phia”) by private equity sponsor InTandem Capital Partners. Founded in 2000 and headquartered in Canton, MA, Phia empowers health benefit plans and sponsors through consulting, cost containment, and plan management services. Phia reduces the cost of health benefits and improves access to quality care through in...

MONS, Belgium--(BUSINESS WIRE)--I-care announces the completion of a €20 million fundraising and refinancing operation, carried out as a round reserved for existing shareholders and employees. Based on this operation, the group's valuation reaches €1 billion, making I-care a unicorn. "Becoming a unicorn is a symbolic milestone. To achieve this, we chose to invest before reaping the rewards: we bet on AI when few believed in it, we prioritized R&D, and we built our own production unit. These...