 Barclays has acquired U.K.-based Kensington Mortgage Company for $2.8B. Kensington is one of the leading mortgage lenders in the country. More: - Although the reported acquisition price is $2.8B, according to Barclays, the final cost will depend on the value that Kesington's portfolio has at the time of completion. The deal is expected to be finalized in 2023.
- Kensington is being sold from Blackstone and Sixth Street, the current owners.
- Kensington Mortgage Company has been operating for 25 years.
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 Thompson Street Capital Partners has closed its sixth fund, raising $1.5B. The fund will be officially named Thompson Street Capital Partners VI LP. More: - Investors include pension funds, family offices, endowments, corporates, etc.
- Thompson will invest $50M-$250M in middle-market businesses with an EBIDTA between $5M and $50M.
- The company has already deployed 25% of the fund, most of which will be directed to sectors such as Life Sciences & Healthcare, Software & Technology, Business and Consumer Services, and Products.
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Butterfly has closed a $1B fund. The Los Angeles-based private equity firm will invest in the food sector. More: - The news comes after the company closed the acquisition of QDOBA, enabling Butterfly to consolidate its different companies into a restaurant chain with almost 800 stores.
- The company manages close to $4B in assets.
- Butterfly has also recently acquired Evolution Fresh, a juice company that was under the ownership of Starbucks. Other acquisitions include Chosen Foods, MaryRuth Organics, Pete & Gerry’s Organic Eggs, and Pacifico Aquaculture. The latter is the world’s only producer of ocean-raised striped bass.
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Apogem Capital has closed its PA Secondary Fund VI at $614M in total funds raised. The firm will focus on secondary market purchases. More: - Participants in the fund include family offices, institutional investors, pension funds, etc.
- The fund was also supported by New York Life, its parent company.
- Apogem is active in providing different capital solutions for companies such as direct lending, junior debt, primary fund investments, secondary investments, equity-co-investments, GP stakes, private real assets, and long/short equity.
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Today's funding 💵 Biotech - Monod Bio (Seattle), a biosensor developer that aims to help improve the detection of specific biomolecules: $25M Seed led by Matrix Capital, with participation from Global Health Investment Corporation, Cercano Management, The Washington Research Foundation, Boom Capital Ventures, Sahsen Ventures, and Pack Ventures.
- Remedium Bio (Massachusets), a company that develops therapies for disease based on novel genes: $2.3M Seed led by Sherwood Ventures with participation from, LongevityTech.Fund, Primo Medical Group, Angel Star Ventures, Apis Health Angels, MicroVentures, and Guindy Alumni Angels.
Artificial Intelligence - CareHarmony (Nashville), an AI platform that offers personalized patient care: $15M A led by Maverick Ventures, with participation from Nashville Capital Network.
- EvaBot (California), an emotionally intelligent chatbot that is utilized to improve employee relations: $10M equity/debt led by Comcast Ventures, with participation from Alumni Ventures, Bloomberg Beta, Precursor Ventures, Forefront Venture Partners, and Silicon Valley Bank.
- MatrixSpace (Massachusets), an AI company that has created an object detection software: $10M growth.
- Regression Games (Pennsylvania), an AI platform that aims to make gaming accessible to everyone: $4.2M Seed led by New Enterprise Associates with participation from a16z, BBQ Capital, Roosh Ventures
Web3/Blockchain - .Bit (U.S.), a company that has built a cross-chain decentralized identity verification platform: $13M A led by CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ.
Fintech - BankiFi (Ohio), a company that provides software-based payment solutions for small and medium businesses: $4.8M undisclosed round.
Food/Beverages - DrinkWell (U.K.), a low-calorie alcohol retailer with an online distribution system: $1.2M growth led by undisclosed investors.
Healthcare - Naborforce (Virginia), a platform that connects the elderly who need treatment with professionals: $9M A led by Translink Capital.
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- Google has invested in Lori Systems, a logistics software company based in Nairobi, Kenya.
- Probo Medical has acquired Mi Healthcare. The latter is a U.K.-based startup that provides medical imaging equipment and services to public and private healthcare facilities.
- Coinfeeds (California), a data-analytics platform for Web2 and Web3 companies, raised a $2M Seed led by FTX Ventures.
- Obsidio, the company that developed the Gel Embolic Material technology used for embolization of blood vessels in the peripheral vasculature, has been acquired by Boston Scientific.
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Upcoming events at Inside: - August 17 - AMA with Atin Batra (27V) (Register Here)
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- August 31 - AMA with Sophia Amoruso (Business Class) (Register Here)
- September 07 - AMA with Andrew Gazdecki (MicroAcquire) (Register Here)
- September 09 - AMA with Jay Ryan (Security Compass) (Register Here)
- September 14 - AMA with Brian Dean (Backlinko) (Register Here)
- September 21 - AMA with Kristen Ruby (Ruby Media Group) (Register Here)
- September 28 - AMA with Leigh-Ann Buchanan (aīre ventures) (Register Here)
- October 12 - AMA with Bill Glenn (Crenshaw Associates) (Register Here)
- October 25 - Meet Our Fund 4, an Inside.com Summit (Register Here)
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
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