Paxton AI has secured $6 million in seed funding to grow its generative artificial intelligence (AI) platform for legal research and drafting. Paxton AI said in a Tuesday (Sept. 19) blog post that since the launch of the eponymous AI platform in July, it has...
Levelpath has raised $44.5 million to launch its artificial intelligence (AI)-powered procurement platform. The company aims to enhance the procurement experience by introducing a procurement platform that is AI-powered and mobile-first, the company said in a Monday (Sept. 18) press release. Levelpath was founded by CEO Alex Yakubovich and...
Alibaba reportedly told Turkey’s president it plans to invest $2 billion in the country. Alibaba President Michael Evans made the remarks in a meeting with Turkish Head of State Tayyip Erdogan, Reuters reported Monday (Sept. 18). It is not clear when the investment would be...
The private market industry has maybe 11,000 players, Partners Group CEO David Layton says. Over the next decade, that number could fall to under 100. In an interview with the Financial Times (FT) Sunday (Sept. 17), Layton predicted a “new phase of maturation and consolidation” due to rising interest rates,...
Denmark-based venture capital (VC) manager Dreamcraft Ventures has reached its target of 55 million euros ($58.7 million) for its Fund II. Fund II has made six investments in the last nine months, the firm said in a Wednesday (Sept. 13) post on LinkedIn. The VC manager invests...
Spanish digital car subscription service provider Revel has reportedly raised 115 million euros (about $123 million) in a funding round. The money, which includes a 15 million euro (about $16 million) capital investment and a debt financing structure of up to 100 million euros (about...
Embedded banking platform Swan has raised $39 million in a Series B funding round. “I’m not obsessed with fundraising, but this news is big,” Nicolas Benady, the French company’s founder and CEO, wrote on the Swan blog Wednesday (Sept. 13). “It’s big for reinforcing the quality and scale of our...
Treasury4 has raised $20 million to expand its software platform for treasury and finance practitioners. The company announced its Series A funding — led by WestCap — in a news release Wednesday (Sept. 13), saying the funds would allow it to enhance Entity4, its legal entity management solution,...
Credit platform Versatile Credit has earned the confidence of growth equity firm PSG. The Pennsylvania-based company announced Wednesday (Sept. 13) that it had received a strategic growth investment from PSG, which it will use to expand its go-to-market infrastructure, its relationships with lenders, and move into new...
