Funding News

ITHACA, N.Y.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced five projects in Ithaca, NY, totalling $41 million in new investment, to improve the capacity and reliability of the area’s electrical grid. This major investment in Ithaca’s grid infrastructure builds on Avangrid’s effort to modernize New York’s electrical and gas infrastructure totalling over $500 million for 265 projects since the 2023 Reliable Energy Rate Plan. Avangrid...

LOUISVILLE, Ky.--(BUSINESS WIRE)--The Humana Foundation, philanthropic arm of Humana Inc. (NYSE: HUM), announced today a $50,000 contribution to advance sustained recovery efforts in Kentucky communities devastated by the most recent wave of severe storms and tornadoes. On Friday, May 16, powerful storms swept across the state, causing widespread destruction—particularly in Laurel and Pulaski Counties. The city of London experienced considerable damage, and residents across the region continue...

MANDEVILLE, La.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bonvenu Bank (Bonvenu) celebrated awarding $351,264 in FHLB Dallas FORTIFIED and Disaster Rebuilding Assistance (DRA) grants at a media event today celebrating the grand opening of Bonvenu's new branch in Mandeville, Louisiana. The funds, which were awarded through FHLB Dallas member Bonvenu, will be used to make repairs for low-income households in Louisiana. Terri Gage, president and...

CONROE, Texas--(BUSINESS WIRE)--Consolidated Communications Holdings, LLC (the “Company” or “Consolidated”) today announced the closing of its inaugural fiber securitization transaction (the “Transaction”) consisting of asset-backed term notes (the “Notes”) totaling $1.344 billion, secured by all existing and future fiber-enabled customers across certain states and the fiber optic and network infrastructure to support these customers. Concurrently with the offering of the Notes, the Company als...

NEW YORK--(BUSINESS WIRE)--OpenFX, the FX infrastructure company revolutionizing cross-border payments, today announced its emergence from stealth with $23 million in funding led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. This milestone follows the company's unprecedented growth from $0 to $10 billion in annualized transaction volume in under 12 months since its stealth launch in early 2024. Founded by ser...

BALTIMORE--(BUSINESS WIRE)--Pixee, the creator of innovative solutions that empower security teams to match the productivity of AI-powered development, announced today that it has raised $15M in seed funding. The round was led by Decibel and Wing VC, with participation from TEDCO, PrimeSet and strategic investors, including early GitHub engineer Zach Holman, HackerOne Founder and CTO Alex Rice, Oracle SVP of Cloud Operations Brian Chess, and more. The new capital will accelerate Pixee’s product...

SAN FRANCISCO--(BUSINESS WIRE)--RevenueCat, the leading platform for managing consumer app monetization, today announced it has raised a $50 million Series C round led by Bain Capital Ventures (BCV). Returning investors Index Ventures, Y Combinator, Adjacent, Volo Ventures and SaaStr Fund also participated. This adds to the prior $12 million Series C that was raised last year, bringing the total raised to $100 million to date. “RevenueCat is at a genuine inflection point,” said Mark Fiorentino,...

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank today announced the grand opening of Phase I of Sierra Flats, an 80-unit affordable and workforce housing development in Carson City, Nevada, with construction and permanent financing provided by Western Alliance Bank in partnership with R4 Capital Funding. Western Alliance Bank provided a $14.0 million construction loan and a $2.50 million permanent loan to finance the first phase of Sierra Flats. Located at 3410 Butti Way in Carson City, the new...

LOS ANGELES--(BUSINESS WIRE)--The Thiel Foundation has officially unveiled its 2025 class of Thiel Fellows, assembling a group of brilliant young minds from around the world who are set to disrupt their chosen industries, uninhibited by the constraints of the modern education system. Established in 2011, the two-year Thiel Fellowship awards grants to extraordinary young individuals to allow them to pursue groundbreaking endeavors of their own design. Each fellow in this year’s class will receiv...

SAN FRANCISCO--(BUSINESS WIRE)--WellTheory, the leading whole-person care platform for autoimmune disease, today announced the close of $5M in new funding and the successful rollout of its proprietary AI tools, Care Hub and Care Scribe, across its care operations. New investors Samsung Next, Opal Ventures, and Up2 Fund joined the round, with continued support from existing investors Accel, OVO Fund, and BoxGroup. These milestones mark a major leap forward in the company’s mission to make autoim...