Funding News

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), the corporate payments and expense management company today announced that it closed an amendment to increase its revolving credit facility by $925 million to $3.7 billion and increase its Term Loan A by $420M to $3.3 billion, both for new 5-year terms. The USD interest rates are 10 basis points lower than the existing facilities. The Company plans to use $1 billion of the proceeds to pay down a portion of its Term Loan B and refinance a port...

SAN JOSE, Calif.--(BUSINESS WIRE)--Hark, a new AI lab building advanced personalized intelligence, today announced it has raised over $700 million in Series A funding at a $6 billion post-money valuation. The round was oversubscribed and led by Parkway Venture Capital, with participation from NVIDIA, Align Ventures, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Prime Movers Lab, Qualcomm Ventures, Salesforce Ventures, and Tamarack Global. The funding will accelerate Hark's dev...

MIAMI--(BUSINESS WIRE)--Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (“DMT”), closed $619.5 million in real estate transactions in April, marking the firm's highest-volume month of the year to date. Leading the month’s activity, Dwight Capital closed a record-setting $130 million HUD 223(f) loan for The Gardens Residences, a 358-unit luxury high-rise in Downtown North Miami. This transaction achieved three notable milestones: it was the largest HUD loan ever closed in Florida, t...

BAKERSFIELD, Calif.--(BUSINESS WIRE)--Kordata Dynamics exits stealth with a pre-seed funding round from MAVRK Celestia Fund, Kern Venture Group and Digital Neural Infrastructure Holdings (DNIH). A spin-out from BIOS Health, Kordata is redefining clinical trial execution, introducing a new model for AI-powered precision clinical trials at scale. Kordata’s platform will enable fast, high-quality results, even in complex therapy areas. Its unique clinical trials model also incorporates BIOS’ propr...

SAN FRANCISCO--(BUSINESS WIRE)--Shatterdome Energy, an AI-driven energy trading and intelligence startup, today emerged from stealth with $3.5 million in pre-seed funding to develop a platform designed to help renewable energy operators, utilities, and large power consumers navigate volatile electricity markets. The round was led by Crucible Capital, with participation from Transpose Platform and Entrepreneurs First. The funding comes amid significant strain on U.S. electricity infrastructure....

HOUSTON--(BUSINESS WIRE)--Starlab Space Stations and 1789 Capital announced 1789 Capital’s strategic investment in Starlab. The investment reflects mounting confidence that Starlab — the U.S.-led joint venture, next-generation commercial space station — represents a durable and commercially grounded cornerstone of the post-International Space Station (ISS) low-Earth orbit (LEO) economy. “As the ISS approaches retirement, we cannot afford a gap in American presence in low-Earth orbit while the T...

MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation energy company delivering stable, secure and cost-effective energy solutions to the power grid through large-scale battery storage, has successfully closed approximately $450 million of financing to support Red Egret, a 300 MW/ 600 MWh standalone Battery Energy Storage System (“BESS”) in the City of Texas City, Texas. The financing package includes a construction facility, an Investment Tax Credit (“ITC”)...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Carmelo Anthony’s Creative 7 Productions becomes a strategic partner in Utopai Studios...

PALO ALTO, Calif.--(BUSINESS WIRE)--PsiQuantum announced that the company has signed a Letter of Intent with the Department of Commerce for $100 million in proposed federal incentives....

ORLANDO, Fla.--(BUSINESS WIRE)--Hilton Grand Vacations Announces Upsized and Consolidated $1 Billion Warehouse Facility...