ST. LOUIS, MO—Online training platform Nerdy went public on the New York Stock Exchange. Nerdy, which went public by merging with a special-purpose acquisition company called TPG Pace Tech Opportunities, is now valued at $1.7 billion, making it the first St. Louis-based startup to reach a valuation of over a billion dollars. The deal also meant $750 million of new capital.
WEST LAFAYETTE, IN—Contract research organization Inotiv announced plans to acquire Envigo RMS Holding Corp., headquartered in Indianapolis, in a $545 million cash and stock deal. The contract research organization says the deal will provide one location for drug developers to access products and services.
ANN ARBOR, MI—Google.org has announced $3 million in grants, part of which will go to BlueConduit. The money will help fund the development of BlueConduit’s open source machine learning technologies, which will enable cities and towns of all sizes to quantify and map their lead service line inventory. We spoke with BlueConduit earlier this year.