A $500M acquisition in PIT | Investing in autonomous zero-emissions rail | $1.5B for the Wolverines

November 18, 2021

PITTSBURGH, PA—Global technology solutions provider Confluence Technologies has agreed to acquire Investment Metrics, an investment data solutions company in a deal worth $500 million. Confluence is backed by both Clearlake Capital Group LP and TA Associates.

INDIANAPOLIS, IN—Startup MetaCX, which offers an online network where businesses and their suppliers can communicate and collaborate, has raised another $7 million in equity funding. This latest round of funding came from two of its previous investors, Maryland-based Greenspring Associates and Atlanta-based Panoramic Ventures, joined by a new investor called Engage Ventures.

ST. LOUIS, MO—Intramotev, a tech company developing autonomous zero-emissions rail solutions, has closed on an investment from New York-based Idealab X, an early stage VC fund. The capital will help accelerate the development of Intramotev’s commercial demonstration vehicle and proprietary rail autonomy software.

ANN ARBOR, MI—The University of Michigan raised $1.5 billion and signed 287 license and option agreements with companies seeking to commercialize U-M research discoveries during fiscal year 2021, up 19 from the previous fiscal year. U-M also reported 169 issued U.S. patents this past fiscal year, up from 163 in FY20.

WISCONSIN—NVNG Investment Advisors LLC has closed on $40 million, toward its goal of $200 million, in its first venture capital fund of funds, which is expected to boost investment in Wisconsin startups. Investors included several top-tier Wisconsin companies, including Exact Sciences Corp.

Posted in Fueling the Future