Thoma Bravo has raised $32.4B across three of its different funds: Thoma Bravo Fund X ($24.3B), Thoma Bravo Discover Fund IV ($6.2B), and Thoma Bravo Explore Fund II ($1.8B). The company has also announced the acquisition of Coupa Software for $8B. More: - Thoma Bravo Fund XV will be deployed toward large equity investments, Thoma Bravo Discover Fund IV will focus on middle-market equity investments, and Thoma Bravo Explore Fund II will target lower middle-market equity investments.
- Thoma Bravo is one of the largest private equity firms in the world, with more than $120B in assets under management and a stake in 400 software companies that have over $20B in annual revenue.
- The firm claims Fund X is the largest tech-based buyout fund ever.
- Coupa Software, based in California, is a management software company publicly traded on NASDAQ.
- This funding will also be used to support opening the first office in Europe, specifically in London. The company currently has three offices in Chicago, Miami, and San Francisco.
- Institutions that participated in the funding include sovereign wealth funds, public pension funds, multinational corporations, insurance companies, endowments, foundations, family offices, etc.
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California-based Extensiv has raised an $80M debt funding round to provide SaaS tools for logistics companies. Runway Growth Capital provided the funding. More: - Extensiv provides fulfillment tools for e-commerce companies and other businesses that have logistics operations.
- The company has a network of 2,000 third-party logistics warehouses, all of which are managed by the company's SaaS Suite.
- This funding will be used to refinance existing debt and provide additional working capital, according to company officials.
- Extensiv believes that it will maintain a unique selling point in the market by providing more than 1,500 connected 3PLs and a suite of integrated, cloud-native warehouse management, order management, inventory management, and integration management software, all powered by over 25,000 logistics professionals.
- This is Extensiv's first major funding round since being founded.
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Message Gears has raised a $62M growth funding round to help companies improve online customer engagement. Some of the company's clients are T-Mobile, Expedia, Chick-fil-A, and Rakuten. More: - MessageGears provides a customer engagement platform that makes use of data analytics and delivers advanced customer segmentation and message personalization features.
- The company claims its product eliminates latency, inflexibility, and overall software bugs. According to the company, these issues are some of the main reasons why large organizations fail to make progress when they use other customer engagement platforms.
- This funding round was led by Long Ridge Equity Partners with participation from Argentum Group and Atlanta Ventures.
- The company intends to use the funds to accelerate its product development process, especially its mobile channel capabilities, but also to expand its global presence and make possible acquisitions.
- MessageGears has raised $80M since being founded in 2011.
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Beamery has raised a $50M Series D funding round to help companies become more productive through AI. The company has now reached unicorn status. More: - Beamery provides an AI Talent Lifecycle Management platform that aims to help companies to become more efficient by helping them manage their staff better.
- This ethical AI software helps the client with all the steps in the employment process, starting from recruitment, interviewing, upskilling, redeployment, etc.
- Beamery's client portfolio includes names such as Uber, General Motors, BBC, and Johnson & Johnson.
- According to the company, there has been a 250% revenue increase YoY.
- The funding round was led by Teachers' Ventures Growth, part of the $178B Ontario Teachers' Pension Plan.
- It represents a down round for the company, which raised $128M in its Series C funding back in 2021.
- Since its inception in 2014, the company has raised $223M.
- The company is based in London, United Kingdom.
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💵 Today's funding: Food tech - Equinom (Indiana), aims to produce healthy foods through its plant protein ingredients: $35M Growth led by Synthesis Capital with participation from Praesidium, Bunge Ventures, BayWa, CPT Capital, Fortissimo, and Phoenix.
Artificial Intelligence - Sana (Sweden), provides an AI-powered learning and course creation platform: $34M B led by Menlo Ventures with participation from EQT Ventures.
Crypto/Web3 - Nillion (Switzerland), develops innovative decentralized infrastructure for the secure storage and computation of data: $20M Seed led by Distributed Global, with participation from Big Brain Holdings, Chapter One, GSR, Hashkey, OP Crypto, Salt Fund, etc.
- Evertas (Illinois), a crypto insurance company: $14M A led by Polychain Capital, with SinoGlobal Capital, CMT Digital Ventures, Foundation Capital, Morgan Creek, Bloccelerate, Matrixport, and Hashkey.
Cybersecurity - Trilio (Massachusetts), provides cloud-native data protection software: $17M B led by SKK Ventures with participation from T-Mobile Ventures, Wayra Telefónica Innovation, Raiven Capital LP, Genesis Accel, .406 Ventures LLC, etc.
Climate tech - Arkea Bio (Massachusetts), develops technology that aims to reduce emissions from the agricultural sector: $12M Seed led by Breakthrough Energy Ventures.
Edtech - Makers (U.K.), retrains professionals who want to switch to a career in the tech industry: $8.6M Growth led by BGF with participation from Forward Partners and Educapital.
SaaS - Flow Engineering (U.K.), a collaboration platform for hardware engineering teams: $8.5M Growth led by EQT Ventures, with participation from Backed VC, David Hegelson, Charlie Songhust, Kyle Parrish, and Matt Clifford.
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Quick Hits: - Customer trust is critical, but creating a continuous security process for your startup can be complex. Learn from Vanta how to enhance security without overextending your resources.*
- VentureWave Capital led a $6.3M funding round for PepTalk, an Ireland-based startup that provides a team experience platform.
- Charlotte-based digital health company Monarch Medical Technologies has raised $5M from Semler Scientific.
- Fin, a Kenya-based fintech company that provides credit, insurance, and other services, has raised $2M in funding from Leonard Stiegeler, Sudeep Ramnani, and Jai Mapephtani.
- Solar developer Skarta Energy has received a majority stake investment from CapMan Infra. The amount is undisclosed.
- Recruiting tech ROI of 227%? Here’s how Okta achieves its hiring goals using Greenhouse Recruiting and Greenhouse Onboarding.*
*This is sponsored content.
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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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