Northstar Capital Invests in Pelco Products, Inc.
– Northstar invested in Pelco, a portfolio company of River.
– Pelco is a leading provider of traffic signaling hardware solutions in the United States.
– Northstar provided subordinated debt and an equity co-investment to help River finance the deal.
– The Northstar team remains committed to partnering with experienced management teams and private equity sponsors in both good and challenging times.
Clerisy Launches With Initial Investment in Dormify
– Clerisy, a new growth equity investment firm targeting consumer and techsumer companies, today announced that it has made its inaugural investment, in Dormify, the dynamic e-commerce platform and brand that redefined stylish dorm room and home décor for Gen Z.
– Co-founded by former L Catterton Partner Lisa Myers and Gilt and GLAMSQUAD co-founder Alexandra Wilkis Wilson, Clerisy closed the first investment round in the fund in October 2020.
– The firm partners closely with and invests in extraordinary entrepreneurs who have developed innovative solutions for the evolving consumer and are poised to significantly scale and grow their businesses.
– Terms of the Dormify investment were not disclosed.
T-street Capital Announces Growth Equity Investment In Hyperlite Mountain Gear
– T-street Capital, LLC (“T-street”), a consumer-focused growth equity fund, announced today that it has completed an investment in the high-performance backcountry superfan brand, Hyperlite Mountain Gear, Inc. (“Hyperlite”).
– Based in Maine and founded in 2010 by brothers Mike and Dan St. Pierre, Hyperlite is a disruptor within the branded backcountry gear market and a leading innovator, designer, and manufacturer of high-tech, ultralight gear including backpacks, tents, and accessories.
– Mike St. Pierre created Hyperlite to provide the backcountry athlete with the most technologically advanced materials and innovative products that are lightweight, durable, and highly water resistant, thereby providing for a transformational outdoor experience.
Led by co-creator of Nintendo’s Power Glove, this startup raised $2M for its restaurant tech
– Perfect Company, a software and hardware company, raised $2m in funding.
– The funding was led by Oxbridge Capital Partners.
– The company has large chain customers and also partners with restaurant equipment manufacturers.
Maze raises another $15 million for its user testing platform
– Maze, a user testing platform, raised $15m in Series A funding.
– The round was led by Emergence Capital and joined by other investors.
– The company lets you run user tests at scale so you can get feedback before rolling out a design update or test copy.
– It lets you test something new based on a Figma, InVision, Adobe XD, Marvel or Sketch project.
