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Saudi Arabia’s state-owned oil company, Saudi Aramco, is to increase its funding of its venture capital (VC) arm by $4bn, taking its total investment in the division to $7bn. Aramco Ventures’ existing

TLDR: Summa Health, a non-profit healthcare system based in Akron, Ohio, has signed a letter of intent to be acquired by HATCo (Health Assurance Transformation Corporation), owned by venture capital firm General

TL;DR: Investment firms are raising billions of dollars to purchase stakes in venture capital-backed tech startups through the secondary startup market. With the slow down in startup funding, the secondary market —

TLDR: Nonprofit hospital system Summa Health in Akron has been acquired by private venture capital firm HATCo, marking the hospital system’s transition to a for-profit company. The acquisition was initiated by HATCo

TLDR: Sustainable e-Fuels Startup INERATEC Raises $129 Million INERATEC has raised over $129 million in its Series B funding round to scale production of its sustainable e-fuels. The company produces drop-in e-fuels,

TLDR: BankingON has raised Series A funding to launch Boucoup, a family finance mobile banking platform for credit unions. Credit unions can use Boucoup to offer parents convenient tools such as instant

TLDR: Personalized hydration wearable company Epicore Biosystems has secured a strategic investment from Pegasus Tech Ventures and Denka Corporation to expand its products throughout Asia. The company plans to use the funding

TLDR: Venture capital firm General Catalyst has announced plans to acquire Ohio-based nonprofit health system Summa Health and reestablish it as a for-profit organization. The move is part of General Catalyst’s strategy

TLDR: – Independent hospital Summa Health will be acquired by Venture Capital firm Health Assurance Transformation Corp, a business venture owned by General Catalyst – This move makes Summa Health the only

General Catalyst to acquire nonprofit system Summa Health By Dave Muoio Jan 17, 2024 10:46am TLDR: Venture capital firm General Catalyst is set to acquire nonprofit system Summa Health, under a non-binding