Fueling the Future: SaaS companies get funding, Villanova lands $10 million gift

  • Ann Arbor’s Pocketnest, a SaaS company that works directly with banks, credit unions, and financial planners to help consumers with their personal finance needs, has closed on $500,000 in new growth capital. The funding was led by The Impact Seat, a management consulting firm in Boston, as well as Detroit-based venture capital firm ID Ventures.
  • Hungry Planet, a St. Louis-based startup that produces plant-based meat, has landed an investment from Post Holdings, Inc. as part of a strategic partnership between the two firms. Financial terms were not released.
  • Martin McGuinn, who led Pittsburgh-based Mellon Financial Corp. prior to its merger with the Bank of New York, has made a $10 million gift to Villanova University to support faculty research, a central part of the university’s new 10-year strategic plan.