InsightRX, a healthcare tech company, has secured $10 million in Series A funding. HealthX Ventures led the round with participation from Rock Health, OSF Healthcare, Leawood Venture Capital, Premier Inc and GreatPoint Ventures.
McCann Realty Partners and LEM Capital LP have acquired Marietta, Georgia-based Discovery Gateway Apartments, a 378-home community. No financial terms were disclosed. Pegasus Residential will manage the property.
HarbourVest Partners has invested $52 million in Mesa Natural Gas Solutions LLC, a power solutions company. Mesa is backed by BP Energy Partners LLC.
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.
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.
KKR has named Diego Piacentini as a senior adviser. He is a former senior vice president of Apple’s international consumer business.
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.
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.
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.
Thoma Bravo has sold Elemica to Eurazeo. No financial terms were disclosed. Wayne, Pennsylvania-based Elemica is a cloud-based digital supply network.
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.
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.
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 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.
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.
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.
A consortium of buyers has made a $4.59 billion takeover bid for China Biologic, reported Reuters. The buyer group includes CITIC Capital China Partners. China Biologic is a developer of plasma-based therapies.
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.