The world’s largest and second-largest paper and packaging companies, Smurfit Kappa and WestRock, have confirmed they are in discussions over a merger worth $20bn. The deal would create a new holding company, Smurfit WestRock, listed on the New York Stock Exchange but based in Ireland, with global headquarters in Dublin and regional headquarters in Atlanta,…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
SaaSGrid secures $3.3 million in seed funding led by Craft Ventures
San FRANCISCO: SaaSGrid, the cutting-edge data and analysis platform tailored for SaaS metrics, has triumphantly closed a significant seed funding round, raising an impressive $3.3 million to fuel its growth and innovation. The investment, which demonstrates the growing interest in SaaS-focused solutions, was spearheaded by Craft Ventures, a prominent venture capital firm headquartered in San…
Nestle to buy majority stake in Brazilian chocolate maker Grupo CRM
Nestle, the Swiss food giant, will acquire a majority stake in Grupo CRM, a Brazilian premium chocolate company, from private equity firm Advent International, Brazil Journal reported. The deal, which is expected to be completed in 2024, will allow Nestle to expand its presence in the luxury chocolate segment, where it currently has a limited…
Morgan Stanley to launch AI chatbot for wealthy clients
Morgan Stanley is set to launch a generative artificial intelligence chatbot this month, in partnership with OpenAI, the makers of ChatGPT. The chatbot will listen to the conversations between the bank’s financial advisers and their wealthy clients, and provide various services such as meeting summaries, follow-up emails, database updates, and financial management tips. The chatbot…
Staple Street Capital joins forces with Wilkins Family to acquire Delaware Valley Floral Group
Private equity firm Staple Street Capital (SSC) has announced a partnership with members of the Wilkins family to acquire Delaware Valley Floral Group (DVFG). DVFG, headquartered in Sewell, NJ, is a major supplier of fresh cut flowers and floral supplies in the Northeast and Mid-Atlantic regions. Founded in 1959 by the Wilkins family and now…
Align Technology to acquire Cubicure Gmbh, pioneering 3D printing innovator
Align Technology, Inc. (Nasdaq: ALGN) has announced a definitive agreement to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing. Cubicure is known for its innovative materials, equipment, and processes in the field. The company’s patented Hot Lithography technology allows the processing of highly viscous resins to create tough and…
Crescent Energy expands Western Eagle Ford position with $250 million acquisition
Crescent Energy Company (NYSE: CRGY) announced today that it will buy more working interest in its Western Eagle Ford assets for $250 million in cash. This deal comes after the company acquired the operatorship of the same assets for $600 million in July 2023. The acquisition will increase Crescent’s production, cash flow and reserves, as…
deskbird raises $13M Series A to scale its SaaS workplace management platform
deskbird, a Swiss company that provides a Software-as-a-service (SaaS) platform for workplace management, has secured $13 million in a Series A funding round. The round was led by ALSTIN Capital and AVP (AXA Venture Partners), two venture capital firms that focus on investing in high-growth technology companies in Europe and the US. The round also…
Atomico leads $10.8M Series A for Strise, an AI-powered AML intelligence software
Strise, a Norwegian company that uses AI to help banks and fintechs fight financial crime, has secured $10.8 million in a Series A funding round led by Atomico, one of Europe’s leading venture capital firms. The round also saw the participation of existing investors and angel investors. Strise’s anti-money laundering (AML) intelligence software automates the…
AI-Powered Product Data Startup Harmonya Secures $20 Million in Series A Round
Harmonya, a software company that provides an AI-powered product data platform for retailers and brands, has announced that it has raised $20 million in a Series A funding round. The round was led by Bright Pixel Capital, the technological investment arm of the multinational group Sonae, and included existing investor Team8, as well as several…
ThetaRay raises $57 million to expand Its AI-powered transaction monitoring solution
ThetaRay, an Israeli company that offers an artificial intelligence (AI) solution for anti-money laundering (AML) transaction monitoring, has secured $57 million in a growth funding round led by Portage, a Canadian investment firm. The round also saw the participation of existing investors JVP, OurCrowd, and others. The company plans to use the new capital to…
Upwind Raises $50 million in funding round led by Greylock Partners and Cyberstarts
Upwind, an Israeli startup that provides cloud security solutions, has secured $50 million in a funding round that valued the company at $300 million. The round was led by Greylock Partners, Cyberstarts and Leaders Fund, and included Penny Jar Capital, which counts NBA star Stephen Curry as an anchor investor, and a fund backed by…