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Infrascreen nets $1.5m seedInfrascreen, provider of nanotech solutions for energy-efficient climate control, has secured $1.5 million in seed funding.
Side Letter: Apollo's Future 40 hire; Blackstone's $13.5bn target; PSP's PE saleApollo has tapped a member of PEI's latest Future 40 list to lead its fundraising efforts in Asia-Pacific. Plus: Blackstone's Strategic Partners unit is seeking $13.5 billion for its latest secondaries flagship and PSP is freeing up some PE cash. Here's today's brief, for our valued subscribers only.
Promus Ventures hires Festal as partnerPromus Ventures has hired Pierre Festal as a partner.
ACE & Company raises $100mThe Switzerland-based firm held a first closing of its fourth co-investment fund.
Momentus nets $25.5 mln Series AMomentus, a provider of in-space shuttle services for moving satellites between orbits, has raised $25.5 million in Series A funding, according to an announcement https://momentus.space/2019/07/17/announcing-our-25-5mm-series-a-investment/ Prime Movers Lab led the round with participation from other investors that included Y Combinator, the Lerner Family, the University of Wyoming Foundation, Quiet Capital, Mountain Nazca, ACE & Company, Liquid 2 Ventures and Drake Management.
- Roofing marketplace Roofr nabs $5.3 mln in seed funding
Roofr, a Toronto-based roofing marketplace, has raised about $5.3 million (US$4 million) in a seed-stage financing. The round was led by Crosslink Capital, with participation from Y Combinator, Ace & Co, Louis Beryl and other angel investors. Launched in 2016 by CEO Richard Nelson, Roofr uses satellite imagery to measure customer roofs and provide a free roofing estimate. It then connect customers with a contractor to inspect, propose and complete the work. The company currently serves locations in California, Florida and Ontario. The funds raised will be used to expand Roofr's regional presence, including in Texas, and grow its engineering, sales and marketing teams.
- Roofr nabs $4 mln seed
Roofr, a roofing service startup, has raised $4 million in seed funding. Crosslink Capital led the round with participation from other investors that included Y Combinator and Ace & Company.
SYZ leans towards distressed targets with new private markets unitThe Swiss banking group will seek up to €200m for a vehicle targeting primary fund commitments, directs and secondaries opportunities across private equity, debt and real estate.
ACE plans January close for $250m flagship – exclusiveThe firm has raised $210m for ACE Buyout III which has a $300m hard-cap, co-founder Adam Said told Private Equity International.
iNovia Capital leads ROSS Intelligence's $8.7 mln Series A roundROSS Intelligence, an artificial intelligence company focused on the legal industry, has raised US$8.7 million in a Series A financing, bringing its total funding to US$13 million. The round was led by iNovia Capital. Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ NextLaw Labs and others also invested. Founded in 2015 by CEO Andrew Arruda, CTO Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, San Francisco-based ROSS develops AI technology to support legal research by answering questions and supplying relevant information. It recently launched ROSS North, its AI R&D headquarters in Toronto.