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August 20, 2025 - Deals
Garage Secures $13.5M Series A Funding Led By Infinity Ventures With Benchstrength Wayfinder Ventures FJ Labs
YC-backed Garage (@withgarage), a New York-based startup founded by former firefighter Martin Hunt (CEO) and Alaz Sengul (CTO), has raised $13.5 million in Series A funding, bringing its total to $18 million. The company is building a nationwide marketplace to help fire departments and local governments buy and sell essential equipment like fire trucks, automating appraisals, freight logistics, and payments for a process that has long been manual and fragmented. The round was led by Infinity Ventures, with participation from Y Combinator, Initialized Capital, Benchstrength, Wayfinder, and FJ Labs, and will be used to expand Garage’s team and marketplace reach across all 50 states.
INVESTORS: Infinity Ventures, Benchstrength, Wayfinder Ventures & FJ Labs
ROUND: Series A
AMOUNT: $13,500,000
HQ: #NewYork #NY #NewYorkCity #NYC
#VentureCapital #Garage #AlazSengul #InfinityVentures #Benchstrength #MartinHunt #WayfinderVentures #FJLabs #TradedVC
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Ferrero Acquires Purely Elizabeth For Estimated $850 MillionPurely Elizabeth started with homemade muffins and a $5,000 bet from founder Elizabeth Stein. More than a decade later, the better-for-you food brand has grown to 30,000+ stores and is being acquired by Ferrero for an estimated $850M+.
Stein built the company slowly, waiting years before raising outside capital and expanding from Whole Foods into Target and Walmart. Now, she’ll remain CEO as Purely Elizabeth enters its next chapter under Ferrero.
A founder-led food brand, built without rushing the process.
#VentureCapital #PurelyElizabeth #ElizabethStein #CPG #TradedVC
NVent Electric Acquires Maverick Power For $1.75 Billion To Enhance Power InfrastructurenVent Electric has agreed to acquire Maverick Power for $1.75 billion, with up to $550 million in additional performance-based consideration, as it expands its power infrastructure capabilities to meet rising AI data center demand. The McKinney, Texas-based manufacturer of engineered power distribution solutions, which is expected to generate about $700 million in revenue this year, will strengthen nVent’s offerings across switchgear, switchboards, and modular solutions; nVent CEO Beth Wozniak said the deal will enhance the company’s ability to serve data center customers.
SALE PRICE: $1,750,000,000
HQ: St. Louis Park, Minnesota
#VentureCapital #nVentElectric #MaverickPower #TradedVC