CIT backs Washington, D.C. multifamily housing project

CIT Group Inc‘s real estate finance division was a co-lead arranger on $90.6 million in financing for a new multifamily housing project in Washington, D.C. MRP Realty and Barings will build this project, which will consist of of 387 units of studio, one- or two-bedroom apartments with 30 units designated as affordable housing. Completion is expected in the fourth quarter of 2021.

Daisy Intelligence snags Series A

Vaughan, Ontario-based Daisy Intelligence, an AI-powered platform for retail and insurance, has raised C$10 million in Series A funding. Framework Venture Partners led the round with participation from Sonae IM, a European-based corporate investor. The capital will be used by Daisy for growth, global expansion, sales and marketing and support for its customer success teams.

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PE HUB First Read

First Read closes out the week with news that Bob Iger thinks Apple and Disney might have combined if Steve Jobs were still alive, Airbnb plans to go public in 2020 and judge dismisses sex abuse case against ex-Sequoia executive.

Daisy Intelligence inks Series A

Vaughan, Ontario-based Daisy Intelligence, an AI-powered platform for retail and insurance, has raised $10 million in Series A funding. Framework Venture Partners led the round with participation from Sonae IM, a European-based corporate investor. The capital will be used by Daisy for growth, global expansion, sales and marketing and support for its customer success teams.

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Gridiron Capital promotes two to principal

Gridiron Capital LLC has promoted Chris King and Doug Rosenstein to principal. Both joined the investment firm in 2015 as senior associates and were promoted to vice president in 2016.

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Churchill backs Sentinel’s buyout of SSJA

Churchill Asset Management has provided an $80 million credit facility to support Sentinel Capital Partners‘ acquisition of SSJA Bariatric Management LLC. SSJA is a provider of administrative support services to bariatric surgery offices in New York, New Jersey and Connecticut.

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Plutoshift amasses $8 mln Series A

Palo Alto, California and Denver-based Plutoshift, a provider of data intelligence for industrial processes, has secured $8 million in Series A funding. The investors include Fall Line Capital and Unshackled Ventures.

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Knox Capital invests in a360inc

Knox Capital has made an investment in a360inc, a legal and financial services technology and outsourcing company. No financial terms were disclosed. Marks Baughan Securities served as financial adviser to a360inc on the deal. Knox was supported on the deal by an affiliate of Morgan Stanley Private Credit and Orix Mezzanine & Private Equity. 

Splunk launches corporate venture arm

Splunk Inc, a provider of data-to-everything platform, has launched Splunk Ventures for $150 million. This figure includes $100 million from an innovation fund and $50 million for a social impact fund. Splunk Ventures will focus on early-stage data companies.

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Vista-backed Ping Identity debuts IPO

Ping Identity, a provider of intelligent identity solutions, has gone public after pricing its 12.5 million shares at $15 per share. The stock began trading September 19, 2019 on the New York Stock Exchange under the ticker symbol “PING.” Goldman Sachs, BofA Merrill Lynch, RBC Capital Markets and Citigroup are the lead underwriters. Ping Identity is backed by Vista Equity Partners.

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Exagen goes public

California-based Exagen Inc, a provider of advanced rheumatology testing, has debuted its IPO after pricing its 3.6 million shares at $14 per share. The stock began trading September 19, 2019 on the NASDAQ under the ticker symbol “XGN.” Cowen and Company LLC, Cantor Fitzgerald and William Blair are the lead underwriters. Exagen’s pre-IPO backers included H.I.G. Capital, Tullis Health Funds, Sun Mountain and Hunt Holdings.

Tethr procures $15 mln

Austin, Texas-based Tethr, an AI-powered conversational intelligence platform for listening enterprises, has raised $15 million in funding. IAG Capital Partners led the round with participation from other investors that included GroTech Ventures, MissionOG and Falmouth Ventures.