Funding News

CHICAGO--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Chicago (FHLBank Chicago), Gorman & Company, The Phoenix Foundation, and community partners gathered yesterday to celebrate the grand opening of Earle Residences, an adaptive reuse project converting the closed Charles Warrington Earle School into 50 affordable rental apartment units in Chicago’s Englewood neighborhood. FHLBank Chicago awarded a $1 million Affordable Housing Program (AHP) grant to support the rehab...

SAN FRANCISCO--(BUSINESS WIRE)--Lambda, Inc. (“Lambda”), the Superintelligence Cloud, today announced the closing of its $926 million senior secured term loan B facility (the “Facility”), first priced on August 12, 2026, to fund the purchase and deployment of GPU infrastructure supporting a committed customer deployment with an investment-grade offtaker. The Facility is Lambda's first large-scale private cloud GPU asset-backed SPV financing and the first broadly syndicated, investment-grade-rat...

SAN FRANCISCO--(BUSINESS WIRE)--CivilGrid, the civil design platform that consolidates all site data into a collaborative map with design workflows to enable builders to deliver safe and affordable projects, announced a $26 million Series A. The platform gives infrastructure teams what they've never had before: a comprehensive view of underground assets and conditions. The round is led by Spark Capital with participation from Energy Impact Partners, Afore Capital, A*, Ford Street Ventures, and S...

SAN FRANCISCO--(BUSINESS WIRE)--The Quantitative Biosciences Institute (QBI) at the University of California, San Francisco (UCSF) today announced it has been awarded a $46 million grant from Aligning Research to Impact Autism (ARIA) to expand its landmark research into the molecular mechanisms underlying autism spectrum disorder (ASD). The funding directly builds on a study published today in Science (DOI: 10.1126/science.ady4523) in which UCSF scientists at QBI and the Department of Psychiatr...

VANCOUVER, British Columbia--(BUSINESS WIRE)--The Government of Canada today announced funding of up to $31.25 million through the Strategic Response Fund (SRF) toward Kardium’s investment in a $125 million project to expand its manufacturing capabilities in Vancouver, British Columbia. The announcement was made by the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. The investment will support a major expansion of Kardiu...

BENTONVILLE, Ark.--(BUSINESS WIRE)--Advisar, the independent AI-enabled decisioning layer for retail suppliers, today announced it has raised a $750K Pre-Seed round led by Clutch VC, an Austin-based, seed-focused venture firm, with participation from Venture Center Arkansas Fund, The Validation Fund at Winrock International, Rekall Capital, and White River Capital Advisors, along with angel investors Michael Paladino, Co-Founder of RevUnit, and Jeff Amerine, General Partner at Cadron Capital. T...

LAKELAND, Fla.--(BUSINESS WIRE)--Publix is committing $1 million to The Nature Conservancy (TNC) to support two projects in the company’s operating area. The funding will support efforts in Florida and South Carolina to address challenges affecting freshwater systems and forest habitats. Both projects are expected to be completed by the end of 2027. “At Publix, our sustainability efforts are guided by our mission statement, which calls for us to be responsible citizens in our communities,” said...

CALGARY, Alberta--(BUSINESS WIRE)--Helcim Raises $53 Million Series C With Participation From Curql Fund...

INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--Socure, a leading trust infrastructure for global identity and risk intelligence, today announced a strategic growth investment that values the company at $5.2 billion, alongside the acquisition of Fravity, an agentic platform that automates fraud, risk, and compliance operations. The investment was led by Summit Partners with participation from Goldman Sachs Alternatives, Wells Fargo, Docusign, and others, and includes both primary capital and an existin...

NEW YORK--(BUSINESS WIRE)--GenNx360 Capital Partners (“GenNx360” or “the Firm”), a New York City-based private equity firm investing in U.S. lower middle market industrial services and business services companies, today announced the successful closing of GenNx360 Capital Partners IV, L.P. (“Fund IV” or “the Fund”), with $865 million in commitments, exceeding its target. Fund IV is the largest fund raised in GenNx360’s history. Fund IV was supported by a diverse group of existing and new invest...