LONDON: Dai-ichi Life Holdings, Inc. and British asset manager M&G plc announced a long-term strategic partnership Wednesday, combining asset management and life insurance expertise with plans for cross-border growth and a potential 15% stake acquisition by the Japanese insurer. Under the agreement, M&G will become Dai-ichi Life’s preferred European asset manager, with a target of…
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Orbite and 7Lifestyle to provide exclusive astronaut training experiences
Orbite, the premier provider of space training and operations for space explorers, has announced a strategic partnership with 7Lifestyle, a leading concierge service catering to high-net-worth individuals (HNWIs), to offer elite clientele exclusive access to spaceflight preparation and training programs. Through this collaboration, 7Lifestyle members will gain privileged entry to Orbite’s Experience Train Fly program, which features Space…
Connected Energy, Forsee Power partner on second-life battery storage solution
PARIS: Connected Energy and Forsee Power have signed an agreement to jointly develop a modular, scalable energy storage system using repurposed electric vehicle batteries, the companies announced Monday. The partnership will combine Connected Energy’s second-life battery technology with Forsee Power’s ZEN 35 and ZEN 42 battery packs, which are used in roughly 1,500 electric buses…
Herbalife to acquire Pro2col, Pruvit, and Link BioSciences
LOS ANGELES: Herbalife Ltd. (NYSE: HLF) announced plans to expand its health and wellness portfolio through a series of strategic acquisitions, positioning itself as a leader in personalized nutrition. The company revealed it has signed a binding memorandum of understanding to acquire 100% of Pro2col Health LLC, a health-focused digital platform, and Pruvit Ventures Inc.,…
Resolution Life announces acquisition by Nippon Life
LONDON: Resolution Life, a global life insurance group, announces that Nippon Life Insurance Company will acquire 100% of the company for $8.2 billion, valuing it at $10.6 billion. After the acquisition, Resolution Life’s business in the US, UK, Bermuda, and Singapore will become a subsidiary of Nippon Life. Meanwhile, Resolution Life’s Australasian business will merge…
Dignity, end-of-life service provider in UK, is acquiring Farewill Limited for £12.9 million
LONDON: Dignity, the leading end-of-life service provider in the UK, is acquiring Farewill Limited, an award-winning leader in digital end-of-life services. This transaction has important strategic benefits for both companies, allowing them to combine their strengths and continue to serve their distinct customer bases, collectively reinforcing Dignity’s position as the UK’s largest and most comprehensive…
Sure Valley Ventures invests in PHINXT Robotics and Vortex IQ
LONDON: Sure Valley Ventures (SVV) has committed to two new investments through the Sure Valley Ventures UK Software Technology Fund (SVV2), benefiting PHINXT Robotics and Vortex IQ Limited, both of which have ties to Mindflair Plc. PHINXT Robotics, an innovative AI-led robotics software company founded in 2022, is redefining warehouse automation. Their cloud-based platform simplifies…
Sure Valley Ventures leads a $1.1m funding round for Inspeq AI
LONDON, UK: Sure Valley Ventures III Limited Partnership (SVV3 Fund) has led a $1.1m funding round for Inspeq AI, a transformative full-stack AI Ops platform, alongside Delta Partners and a number of other leading investors. Inspeq AI aims to become the trusted source of safe and reliable AI development, enhancing generative (“Gen”) AI application deployment…
Fay raises $25 million in Series A round by Forerunner Ventures
To address the growing health crisis related to dietary habits, San Francisco-based startup Fay has announced a substantial $25 million funding round. This significant financial boost comes on the heels of a previously undisclosed seed round led by General Catalyst and a $20 million Series A round spearheaded by Forerunner Ventures, with continued support from…
Algorithmic Serendipity: Redefining Chance with the Next Wave of Lifestyle Apps
In the digital age, serendipity is no longer just a happy accident or a fortunate discovery made by chance. It has evolved into a curated experience, meticulously crafted by algorithms that sift through the vast data of our digital footprints. This modern twist on serendipity is powered by innovative applications known as serendipity apps. These…
IQVIA and Salesforce expand partnership to develop Life Sciences Cloud
IQVIA (NYSE:IQV) and Salesforce (NYSE:CRM) have announced an expanded strategic partnership to fast-track the development of Salesforce’s Life Sciences Cloud, a next-generation customer engagement platform for the life sciences industry. The collaboration builds on IQVIA’s Orchestrated Customer Engagement (OCE) platform, aiming to integrate it with Salesforce’s cloud services to create a unified engagement solution. The…
PipeDreams secured $25.5M in Series A funding led by Canvas Ventures and Plural
PipeDreams, a tech-enabled home services provider, secured another $25.5M in Series A funding led by Canvas Ventures and Plural, bringing its total equity funding to $39M. Angel investors include Tony Xu, the founder of DoorDash; Thomas Layton, the founder of CitySearch, former CEO of OpenTable, and Chairman of UpWork; and Allison Pickens, former COO at…