Kayne Anderson Raises Nearly $1.7 Billion for Property Debt Fund
Kayne Anderson's real estate business secured nearly $1.7 billion in capital commitments for a new opportunistic debt fund.
Fundraising for Kayne Anderson Real Estate Opportunistic Debt II exceeded the firm's original target of $1.5 billion, according to a statement Tuesday.
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Yahoo
39 minutes ago
- Yahoo
Syniverse to team up with Aduna to expand access to network APIs
Collaboration will combine Syniverse's global enterprise messaging reach with Aduna's unified telecom API platform PLANO, Texas, June 18, 2025 /CNW/ -- Aduna, the industry's first global aggregator of network APIs, today announced a strategic partnership with Syniverse, the world's most connected company®. The collaboration will enable Syniverse to integrate with Aduna's unified API platform, which aggregates network APIs from network providers around the world to give developer platforms, like Syniverse, streamlined access to advanced network capabilities with carrier-grade performance to enable developers to build new solutions for enterprises leveraging the networks. Syniverse delivers over one trillion messages annually and serves Global 2000 enterprises across financial services, travel, retail, and media. Through this partnership, Syniverse seeks to offer its customers seamless access to powerful network APIs, including SIM Swap, Number Verification and Device Location, across a trusted, multi-operator environment. "Aduna is building the foundation for the future of programmable connectivity," said Andrew Davies, CEO of Syniverse. "This partnership allows us to offer our customers secure, real-time network intelligence at scale—accelerating digital transformation and protecting against rising fraud threats." "Syniverse brings deep CPaaS expertise, strong enterprise relationships, and strong operational scale," said Anthony Bartolo, CEO of Aduna. "Together, we're making it easier for businesses to tap into the power of the world's mobile networks through standardized, developer-friendly APIs." With Syniverse becoming a part of its growing partner ecosystem, Aduna continues to strengthen its ambition to be the go-to interface for accessing telecom network capabilities. The partnership will broaden the reach of network APIs to new markets and customer segments, while reinforcing Aduna's commitment to creating a scalable, interoperable, and developer-friendly environment. About Syniverse Syniverse is the world's most connected company. We seamlessly connect the world's networks, devices, and people so the world can unlock the full power of communications. Our secure, global technology powers the world's leading carriers, top Forbes Global 2000 companies, and billions of people, devices, and transactions every day. Our engagement platform delivers better, smarter experiences that strengthen relationships between businesses, customers, and employees. For over 30 years, we have accelerated important advances in communications technology. Today we are an essential driver of the world's adoption of intelligent connectivity, from 5G and CPaaS to IoT and beyond. Find out more at About AdunaAduna is a landmark venture between some of the world's leading telecom operators and Ericsson, dedicated to enabling developers worldwide to accelerate innovation by leveraging networks to their full potential via common network Application Programming Interfaces (APIs). Its venture partners include AT&T, Bharti Airtel, Deutsche Telekom, e&, KDDI, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon and Vodafone. Aduna's developer partner platforms include Google Cloud, Infobip, Sinch, and Vonage. By combining network APIs from multiple operators globally under a unified platform based on the CAMARA open-source project, driven by the GSMA and the Linux Foundation, Aduna provides a standardized platform to foster collaboration, enhance user experiences, and drive industry growth. To find out more about network APIs and Aduna, visit Logo - Notes to editors: Media Contact: Email: MediaRelations@ Tel: +46 10 719 69 92 View original content to download multimedia: SOURCE Aduna View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Mercanis Secures Over $20 Million in Series A Round
Ensuring Supply Chain Efficiency through AI Founders Mercanis Berlin, June 18, 2025 (GLOBE NEWSWIRE) -- The company receives fresh capital from new investors Partech and AVP, as well as from existing investors. Mercanis enables over 40% process cost savings and supports clients such as BASF-Coatings, GASAG, Goldbeck, Wilson, and Brose. The funds will be used to further develop Agentic AI and support the upcoming expansion plans, including into the U.S. Berlin, June 18, 2025 – In its latest Series A round, Mercanis, a Berlin-based startup for Agentic-AI procurement solutions, has raised over $20 million. The round was led by new investors Partech and AVP, with additional funding from existing investors, including Capmont Technology, and Speedinvest. Well-known business angels like Dr. Ulrich Piepel, Dr. Marcell Vollmer, Mirko Novakovic (Instana & Dash0), and Victor Jacobsson (Klarna) continue their support for additional capital will be used to further strengthen the company's leadership position in Agentic-AI and accelerate its international expansion, including entry into the U.S. market. Fabian Heinrich, CEO and Co-Founder of Mercanis, states: "The trust placed in us by both long-standing and new investors is not only a powerful endorsement of our mission, but also a driving force behind our ongoing commitment to excellence. With this funding, we can expand our AI solution and accelerate our international expansion – particularly into the U.S. In times of geopolitical and economic uncertainty, our technology empowers companies far beyond Germany to build more resilient procurement operations that safeguard their supply chains and protect their bottom line.' Next-generation AI-powered procurementFounded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis aims to reshape procurement processes with its Agentic-AI Procurement Suite. The cloud-based platform combines procurement, supplier management, and contract management. Intelligent agents autonomously handle operational tasks, while AI continuously analyzes procurement data to uncover savings opportunities, enhance strategic decisions, and drive measurable results—delivering over 40% process savings, a 2.5x increase in efficiency, and a 12x return on investment. 'Mercanis has transformed the way we manage suppliers and execute procurement projects. What used to take days now takes only hours. The automation and transparency help us act faster and make better decisions – especially when multiple stakeholders are involved. It's a must-have for any procurement team looking to modernize,' says Uwe Kreplin, Head of Procurement at GASAG. In addition to GASAG, Mercanis also counts BASF-Coatings, Goldbeck, Wilson, and Brose among its clients. Within just a few years, Mercanis has established itself as a trusted partner to multinational firms, with impressive traction across organizations now procuring billions through the platform,' says Philippe Collombel, Founding and General Partner at Partech. 'We are particularly impressed by the strength of their product and its ability to drive adoption at scale,' adds Magda Poslusny, Principal at Partech. 'By automating key procurement processes, Mercanis not only boosts operational efficiency but also drives meaningful cost savings by engaging a broader supplier base. We are confident Mercanis is on track to become a category leader in procurement.'About Mercanis:Mercanis offers an Agentic-Ai Procurement Suite that covers the entire procurement process – from supplier selection to contract signing. The solution includes four key modules: Spend Analytics, Sourcing & Request Processes (RFx), Supplier Management (SRM), and Contract Management. With the integrated Mercu AI Co-Pilot, repetitive tasks like supplier discovery, risk detection, intake management and offer comparison are automated, leading to significant efficiency improvements and over 40% process savings. Founded in 2020 by Fabian Heinrich and Moritz Weiermann, Mercanis supports prominent clients like BASF-Coatings, GASAG, Goldbeck, Wilson, and Brose in digitizing their procurement processes. The company is based in Berlin and currently employs over 40 Partech: Partech is a global tech investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Nairobi, and San Francisco. Partech brings together capital, operational experience, and strategic support to back entrepreneurs from seed to growth stage. Born in San Francisco 40 years ago, today Partech manages €2.5B AUM and a current portfolio of 220 companies, spread across 40 countries and 4 Founders Mercanis CONTACT: Sabrina Rymarowicz Zossener Straße 56-58 10961 Berlin sabrina@
TechCrunch
an hour ago
- TechCrunch
After Shopify bought his last startup, Birk Jernström wants to help developers build one-person unicorns
Sam Altman and 'his tech CEO friends' have a betting pool on the year we will see the first one-person billion-dollar company. The idea of a single person reaching a billion-dollar valuation for a startup would have been unthinkable without AI. But single-person, AI-first businesses have been sprouting all over the tech industry and Birk Jernström, CEO of Polar, a 'monetization platform to empower one-person unicorns,' is standing by to help them get there. Polar hopes to stand out from other payment infrastructure platforms by focusing on the needs of developers. With Polar as their 'Merchant of Record' responsible for handling billing and taxes, businesses can sell online products and SaaS subscriptions globally from day one. Polar can be implemented with a few lines of code, an approach that resonated with VC firm Accel, which led Polar's $10 million seed round. 'There is a new generation of AI-native, early-stage businesses that want to grow without distractions,' partner Andrei Brasoveanu said. It also helped that Jernström had an exit under his belt. His previous startup, Tictail, was acquired by Shopify in 2018 for $17 million in an all-cash merger. He and his cofounders created it with the ambition to make selling goods online as easy as creating a blog. 'In 2011, we started Tictail with the mission of empowering anyone to start an online store. We launched in 2012 and it quickly took off. In a couple of years, we were home to 100,000+ merchants on the platform, very much on the long tail,' Jernström said. Recognizing that small merchants needed more traffic, Tictail developed a marketplace that eventually made it a target for Shopify. Tictail's competitor had grown much bigger and onboarded larger merchants. But after its IPO, the Canadian company saw the need to look at the consumer side of things, and believed Tictail's team could help. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Together with his cofounders and several of their employees, Jernström joined Shopify's newly created Shop team. 'That eventually became what's now known as the Shop app and the Shop Pay ecosystem that I was honored to be a part of building from zero to one, and of scaling.' But in 2021, as he was about to become a father for the first time, Jernström went through a period of self-reflection. This ultimately led him to resign from his remote role to figure out his next move, which turned out to be Polar. The split was entirely amicable, so much so that Shopify CEO Tobias Lütke and president Harley Finkelstein are now both backing Polar as angels. The 'merchant-obsessed' culture they built at Shopify rubbed off on Jernström as well. 'I answer more than 50 or 60 support tickets a day. I know every single customer that we work with, and it's a bit crazy, but I just love understanding what their next steps are in their journey, and what Polar can do to make that easier for them,' he said. Understanding its customer base and being open source helped Polar gain traction with its target users. Since launching in September 2024, the startup has grown to 18,000 customers, most of them being developers monetizing software. This is also reflected on its cap table, which features entrepreneurs behind popular developer tools: Framer and Raycast, both of which Polar integrates with; Dub, Nuxt, Resend, Supabase, Vercel, and WorkOS; and Lovable, which shares Polar's Swedish roots and a focus on making it easier to build. Now, they are backing Jernström's ambition to make building a business around software as easy as platforms like Supabase and Vercel make it to build and scale the software itself. This ties into the momentum that AI has created for indie hackers and professional developers. But it also connects the dots with him growing up with an entrepreneur mom as a kid; being a developer since his teens; and of course, Tictail's journey of lifting up the little guys. 'What I want Polar to achieve is similar to Shopify: How do we empower more entrepreneurship of developers that can actually build and follow their own passions and ship software independently and build businesses around that.'
