Boost Insurance Secures $40M Funding from BHMS for MGA and Digital Insurance Platform Expansion

Venture Capital:

• Boost Insurance, an infrastructure platform catering to MGAs and digital insurance providers, secured $40M in funding from BHMS.
• Spring Health, a mental health platform for employers and health plans, raised $100M in a Series E round led by Generation Investment Management, pushing its valuation to $3.3B.
• Ema, a GenAI startup, secured $36M in a Series A round led by Accel and Section 32.
• Graphyte, a leader in durable carbon removal technology, raised $30M in a Series A round led by Prelude Ventures and Carbon Direct Capital.
• Checkly, a platform for developers to monitor software development tasks, raised $20M in a Series B round led by Balderton Capital.
• Onepak, a digital supply chain and reverse logistics platform, raised $20M in funding from Nuveen.
• Lightrun, an AI debugger startup, secured $18M through a SAFE round with investments from GTM Capital and Glilot Capital.
• Sybill, an AI assistant for sales professionals, raised $11M in a Series A round led by Greycroft.
• Layer2 Financial, a regulated payments infrastructure startup, secured $10.7M in a Series A round led by Galaxy Ventures.
• Tezi, an AI-driven hiring assistant for managers, raised $9M in seed funding led by 8VC and Audacious Ventures.
• Shot Scope, a golf improvement startup, raised $8.5M in a Series B round led by Guinness Ventures.

Private Equity:

• Paramount Global and its parent, National Amusements, received a dubious $43B bid from Apex Capital Trust.
• Astorg, a PE firm, is considering selling its fund services business IQ-EQ, which could be valued at $4.3B.
• Marcum, an accounting firm, plans to acquire the US’s only listed accountancy, CBiz, in a $2.3B cash and stock deal.
• Bain, Cinven, Blackstone, and others are contemplating a $2.2B bid for Forgital, an Italian aerospace components manufacturer owned by Carlyle.
• Eurazeo, a PE firm, is exploring the sale of its supply-chain SaaS firm Elemica for over $1B.
• Société Générale acquired a 75% stake in energy-focused asset manager Reed Management and plans to invest $270M into the company.
• Kylian Mbappé's Interconnected Ventures is set to acquire a majority stake in the Ligue 2 football club Stade Malherbe Caen from Oaktree.
• Dolce & Gabbana is reportedly seeking a minority investor rather than pursuing an IPO.
• Bending Spoons, an Italian mobile app developer, has acquired Dutch file-sharing service WeTransfer.

IPO:

• Bill Ackman has withdrawn plans to IPO Pershing Square's US fund.
• IQE, a UK chip components manufacturer, is considering an IPO for its Taiwanese unit in Taiwan.
• Fidelidade, an insurer controlled by China’s Fosun, is exploring an IPO for its Portuguese hospital operator unit, Luz Saúde.

New Funds:

• Ares raised $15B as part of its record $34B third private credit fund.