Funding News

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Japan-based Pale Blue Inc., a startup engaged in the development, manufacturing, and sales of propulsion systems for small satellites that use water as a propellant. This is the 13th investment the fund has made to date. In recent years, the number of satellite launches has increased significantly worldwide, and the number of businesses utilizing satellite constellat...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--In a bold move reaffirming its commitment to next-generation consumer brands, Forza Capital announced today that it has made an additional growth investment as part of the Series B funding round in Ten Thousand, the premium men’s activewear brand redefining performance apparel for the modern athlete. This latest investment follows Forza’s participation in the company’s $21.5M Series A round in the summer of 2022. Founded with an uncompromising focus on qu...

LOS ANGELES--(BUSINESS WIRE)--Steadfast LA, the nonprofit founded by civic leader and businessman Rick Caruso to accelerate the rebuilding of Los Angeles with private-sector solutions, announced today a Small Business Initiative launched with a $1 million donation from Banc of California’s Wildfire Relief & Recovery Fund. The initiative will support retailers, restaurants, and other independent businesses in Altadena, Malibu, and the Pacific Palisades impacted by the devastating Eaton and P...

CHICAGO--(BUSINESS WIRE)--Cresco Labs Announces Commitments to Refinance its Senior Secured Credit Facility...

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today the successful completion of a $900 million refinancing of 1301 Avenue of the Americas, a 1.8 million square-foot Class A office building, located between 52nd and 53rd Streets in the heart of Midtown Manhattan. The refinancing was supported by recent leasing momentum, which brought leased occupancy to over 97%, a reflection of the building’s leading market position. The new five-year, i...

SAN FRANCISCO--(BUSINESS WIRE)--Chai Discovery, the AI company that predicts and reprograms the interactions between biochemical molecules to accelerate life-changing therapeutics, today announced its $70 million Series A financing round. The fundraise was led by Menlo Ventures, including investment from their Anthology Fund, a joint partnership with Anthropic to identify and back promising AI companies, with participation from new investors Yosemite, DST Global Partners, SV Angel, Avenir, DCVC...

NEW YORK--(BUSINESS WIRE)--Elion, the AI-powered research and intelligence platform for healthcare technology, today announced the close of an oversubscribed $9.3 million seed round. The financing was led by existing Elion investor, NEA, with participation from new investors Cedars Sinai Health Ventures, TMV, Scrub Capital, and Alumni Ventures. As generative AI and other advanced technologies transform healthcare, provider organizations are under growing pressure to make faster, smarter technol...

LOS ANGELES--(BUSINESS WIRE)--Children’s Hospital Los Angeles (CHLA) has received a $10 million gift from the Wyss Foundation to support timely, lifesaving orthopedic care provided by experts in the Jackie and Gene Autry Orthopedic Center. The investment builds upon the Wyss Foundation’s past philanthropy, which established the Hansjörg Wyss Orthopedic Trauma Initiative at CHLA in 2020. The initiative allowed the hospital—the only freestanding Level 1 Pediatric Trauma Center in Los Angeles Coun...

DALLAS--(BUSINESS WIRE)--University Place Asset Management (“UPLAM”) and Axonic Capital LLC (“Axonic”) today announced the closing of a $97.5 million senior construction loan to developer One Turtle Creek LP for Rosewood Residences Turtle Creek, a new luxury residential project in Dallas’s historic Turtle Creek neighborhood. UPLAM and Axonic worked as co-lenders on the transaction, which will refinance the existing construction loan, replenish interest reserves and provide the capital required...

BOULDER, Colo.--(BUSINESS WIRE)--Alta Resource Technologies today announced its selection as a primary collaborator in Phase 3 of the Defense Advanced Research Projects Agency (DARPA)’s Environmental Microbes as a BioEngineering Resource (EMBER) program. Led by scientists at Lawrence Livermore National Laboratory (LLNL), the team was chosen to advance to the final phase of this multi-year effort to unlock new bioengineering solutions for national security applications. Phase 3 funding will supp...