Swiss-Newton biotech lands $130M in tough VC environment
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Axios
2 hours ago
- Axios
Exclusive: Embedded tax startup April raises $38M
April, an embedded tax platform, has raised $38 million in a Series B round led by QED Investors, founder Ben Borodach tells Axios exclusively. Why it matters: Embedding tax tools directly into financial apps can improve financial decision-making and boost customer retention. Zoom in: Nyca Partners and Team8 also participated in the Series B round, bringing the total funding April has raised to date to $78 million. How it works: Fintech apps and financial institutions use April's APIs to integrate tax filing and planning directly into their platforms, enabling year-round, real-time tax management. April operates on a SaaS-based model, offering flat-rate pricing to fintech partners, who can choose to mark up services for their end customers. "Our vision is to embed tax in every financial decision," Borodach says. "Taxes should be happening where you're managing your money. They should be happening in real time, and they should be personalized to you." Context: New York-based April operates in a market dominated by legacy tax-preparation giants like Intuit, H&R Block, Thomson Reuters, and Wolters Kluwer. But it recently became the first new company in 15 years to achieve national e-file coverage in all 50 states, Borodach says. The company has also launched a series of new products over the past year, including pro-assisted and pro-led tax filing, quarterly estimate tools for small business owners, and paycheck withholding optimizers. As a result, it is seeing increased demand from wealth management platforms, including integrations with digital advisers catering to mass-affluent clients and an upcoming partnership with a trillion-dollar asset manager. By the numbers: April claims it can reduce the time it takes to prepare and file taxes from the IRS' reported 13‑hour average down to just 22 minutes. The company processed hundreds of thousands of returns through partnerships with over 50 fintech apps and financial institutions this past tax season. It has seen its business grow three times year-to-date and more than seven times over the past 12 months, Borodach says. What's next: The company is preparing to launch advanced tax planning tools around capital gains, retirement planning, and stock transactions.
Business Wire
14-07-2025
- Business Wire
TierPoint Parent Closes Upsized $250 Million Term Loan
ST. LOUIS--(BUSINESS WIRE)--The parent company of TierPoint – a leading, national enterprise data center company and provider of secure, connected IT platform solutions – today announced the closing of a $250 million term loan, a portion of which is a delayed draw term loan. Upsized due to strong investor interest, this facility complements TierPoint's asset-backed securitization (ABS) and variable funding notes (VFN) program. Net proceeds will be used to fund a portion of data center expansions and other growth-related capital expenditures; buy out leases at selected data centers; refresh capital drawn under the VFN; and redeem in full the Series B preferred equity. 'Our ability to continue successfully accessing the capital markets is a testament to the work of our world-class employees and the sustained growth that our company is delivering,' said TierPoint President and CFO Mary Meduski. 'That growth is fueled by robust market demand for our IT infrastructure solutions, including our market-leading colocation services for both enterprise and artificial intelligence workloads. This term loan positions us to continue capitalizing on that demand and serving our customers with excellence.' 'There is a clear market signal in the sustained improvement in financing terms and pricing that the company has attracted over time, now coupled with a flexible and sophisticated capital construct that sets TierPoint on a path to consolidate its unique advantages,' said Jason Zibarras, TierPoint Board Director and Managing Partner of Argo Infrastructure Partners, TierPoint's majority shareholder. Brice Soucy, Argo Director at TierPoint, added, 'This partnership with Apterra and our ability to attract a new group of lenders is key to supporting the next stage of TierPoint's growth during this period of accelerating market demand for TierPoint's infrastructure and capabilities.' Apterra Co-CEOs Michael Pantelogianis and Ralph Cho said, 'We are pleased to have led this term loan. The impressive investor demand reflects TierPoint's strong credit profile and robust business model.' Apterra Infrastructure Capital acted as lead arranger, sole bookrunner, and administrative agent for the transaction. CSC Delaware Trust Company is the collateral agent and depositary bank. Bank Street Group LLC and Seyfarth Shaw LLP served as advisor and counsel, respectively, to TierPoint's parent company. Milbank LLP served as counsel to Apterra. Perkins Coie served as counsel to CSC Delaware Trust. About TierPoint TierPoint ( has one of the largest and most geographically diversified U.S. enterprise data center footprints, with dozens of world-class, cloud-ready data centers in 20 markets, connected by a coast-to-coast fiber network. TierPoint provides secure, connected IT platform solutions that power the digital transformation of thousands of clients, from the public to private sectors, from small businesses to Fortune 500 enterprises. Taking an agnostic approach to helping clients achieve their most pressing business objectives, TierPoint is a champion for untangling the complexity of hybrid, multi-platform approaches to IT infrastructure, drawing on a comprehensive portfolio of services, from public to multitenant and private cloud, from colocation to disaster recovery, security, and more. About Argo Infrastructure Partners Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, transportation assets and other long-duration infrastructure assets. Argo's investment philosophy couples sound investment return with responsible and sustainable investing. As of June 2025, Argo manages over $6.4 billion in assets on behalf of its investor partners. For more information, visit
Yahoo
09-07-2025
- Yahoo
Eigen Labs Axes 25% of Staff to Focus on Building EigenCloud
Eigen Labs cut its workforce by 25%, losing 29 roles, as CEO Sreeram Kannan said he restructured the company to focus on developing EigenCloud, what he called a 'verifiable' alternative to existing, opaque cloud services. The Seattle-based startup said the dismissals were not a cash-crunch response. The comany is backed by $220 million in venture funding, including a $100 million Series B round led by a16z in February that gave it a $1 billion valuation. "As difficult as these changes are, they sharpen our focus as a company and ensure our teams are structured to sustainably pursue a single, ambitious goal: to build the world's first verifiable cloud platform," Kannan said in a post on X. "We move forward with a tighter strategy, renewed energy, and a team laser-focused on our mission." EigenLayer, the restaking protocol that underpins the project, and its data-availability sibling EigenDA will remain online as part of EigenCloud, Kannan added in separate post. Employees leaving company will receive three months of pay, accelerated token vesting, continued health coverage, and help finding new jobs, he said. He also invited other crypto firms to recruit the departing staff, signaling a wish to keep talent inside the ecosystem. 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
