BOSTON, May 12, 2026 — FINTRX, the leading private wealth intelligence platform for asset managers and other investment professionals, today released its inaugural quarterly Family Office Report, with trends and intelligence for the first quarter of 2026. The findings indicate that family offices continue to be led by first-generation entrepreneurs, with a strong and growing preference for direct investments, private equity and venture capital versus hedge funds and fund-of-funds.

In the first quarter of 2026, FINTRX added 119 family offices worldwide to its platform, which now totals 4,503 multi- and single-family offices globally. FINTRX added 75 new single- and 44 multi-family offices to its platform during the quarter, with North America accounting for 49, Europe and Asia/Oceania with 25 each, Africa/Middle East, 13, and Latin America, seven.  

Key findings of the Q1 report include:

• Newly added family offices show a clear preference for actively managed alternatives — including direct investments, private equity, real estate, and venture capital — with select exposure to long-only listed equities and fixed income strategies, and comparatively lower interest in hedge funds and fund-of-funds structures.
• Of the 119 new profiles added during the quarter, single-family offices (SFOs) account for 63%, while multi-family offices (MFOs) make up 52% of the total FINTRX family office database.
• Among the 75 SFOs added during the quarter, 57% are Entrepreneur-origin, driven by wealth created in financial services, real estate, energy, technology and related sectors, and 40% are Generational-origin, driven by real estate, agriculture and financial services.
• FINTRX added 1,904 family office contacts in the quarter, showing a modest uptick in female representation versus the broader database, while leadership roles remain concentrated among men.

“First-generation entrepreneurial families are not just creating more family offices — they are investing in ways that look more like an extension of their business-building experience,” said Patrick Galvin, research associate for FINTRX. “That often means a preference for direct deals, private equity and venture capital, and a more selective approach to commingled fund structures.”

Beyond firm profiles, the report examines the 1,900+ newly added family office contacts, benchmarking them against nearly 30,000 total family office contacts in the FINTRX platform. Managing director, partner and investment analyst rank among the most common titles, reflecting the lean, senior-heavy structures typical of family offices, while prior employment trends point to a strong pipeline from global banks, Big Four accounting firms and leading consulting firms into family office roles.

Methodology
Data in the FINTRX Family Office Report is sourced from the FINTRX private wealth intelligence platform, which tracks more than 4,500 family office profiles and nearly 30,000 contacts across the global wealth channel. Coverage spans single and multi-family offices across all geographies, wealth origins, and investment mandates. All figures reflect the state of the FINTRX database as of March 31, 2026.

To access the full report, visit: https://www.fintrx.com/hubfs/FINTRX%20Q1%202026%20Family%20Office%20Intelligence%20Report.pdf.

About FINTRX
FINTRX is the leading private wealth intelligence platform, offering the industry’s most expansive and up-to-date data on registered investment advisors, broker-dealers, wealth teams, family offices, endowments and foundations. Powered by industry-leading AI, FINTRX helps firms distribute funds, raise capital, recruit advisors, identify M&A targets and drive strategic growth. For more information, visit fintrx.com.

Media contacts
Newton Park PR
Margaret Kirch Cohen
[email protected]
+1 847-507-2229

Kathy Panagopoulos
[email protected]
+1 773-710-7433

SOURCE FINTRX

Snowhawk Capital Digital Opportunities Fund I LP and separate deal-level co-investments support a scaled lower middle market strategy

NEW YORK, May 12, 2026 — Snowhawk LP (“Snowhawk”), a private investment firm focused on digital infrastructure with $1.8 billion of assets under management, today announced the final close of Snowhawk Capital Digital Opportunities Fund I LP (“Fund I”), the firm’s inaugural fund, with approximately $1.3 billion in commitments to Fund I and separate deal-level co-investments.

Fund I will invest in digital infrastructure assets and services across North America, with a focus on control-oriented investments in the lower middle market. The strategy targets businesses that underpin the continued growth of cloud computing and AI, connectivity, and technology-enabled services, where Snowhawk believes its sector specialization and operating capabilities can drive differentiated outcomes.

The close of Fund I marks an important milestone for Snowhawk and reflects strong support from a diverse group of institutional investors, including public and private pension plans, sovereign wealth funds, insurance companies, and other institutions.

Brian McMullen, Managing Partner, said:
“We appreciate the support of our limited partners in establishing Snowhawk’s inaugural fund. We believe the current environment presents a singular, compelling opportunity set in digital infrastructure, particularly in segments of the market where complexity and operational intensity create barriers to entry. Our focus remains on disciplined underwriting and building high-quality platforms alongside management teams.”

Robert D. Reid, Founding Partner, added:
“We have been deliberate in pacing deployment and remain focused on executing transactions with strong fundamentals. Fund I provides the flexibility to pursue broad set of opportunities while maintaining alignment with our investors, and we believe our deep experience positions us as a partner of choice for founder-led businesses.”

Sara Baack, Founding Partner, said:
“Digital infrastructure remains a foundational component of the global economy’s evolution. We are focused on identifying businesses with durable demand drivers and opportunities for strategic and operational value creation, particularly in areas where our experience across cloud, connectivity, and technology services is most relevant.”

Since inception, Snowhawk has deployed capital across a portfolio of investments in digital infrastructure, with four platform investments completed to date and additional opportunities in advanced stages. Snowhawk recently closed its first exit with the sale of portfolio company ProsperOps. Current investments include Prime Data Centers, SecureVision, and CleanArc Data Centers.

About Snowhawk
Snowhawk is a private investment firm that targets strategic majority investments in businesses that power the economy’s digital transition across cloud, connectivity and technology services. Founded in 2022, the Snowhawk team brings long investing histories and deep operating expertise in partnering with management teams to create strong performance and enduring value for companies, customers and investors. For more information, visit snowhawkpartners.com.

SOURCE Snowhawk LP

Funding to accelerate innovation, development, and expansion into new markets and further strengthen its position in defense and commercial autonomy markets 

PROVIDENCE, R.I., May 12, 2026 — Havoc, the all-domain collaborative autonomy company, today announced a $100 million Series A funding round, bringing the company’s total capital raised to ~$200 million since 2024. The round included participation from new investors CCM Capital Markets, Clear Street LLC, Cobalt Capital, Boardman Bay Capital Management, Meet Perry, Mute Ventures, Soren Ventures, SAIC, and JA Green. Existing investors included Outlander VC, Scout VC, B Capital, Lockheed Martin, Taiwania Capital, UP.Partners, and The Veteran Fund, alongside participation from Vanderbilt University’s endowment.

Defense technology is entering a new era where national security priorities are demanding unified, all-domain autonomy. The blueprint for building drones, boats, and vehicles exists. What is missing is the ability for thousands of autonomous assets to work together in a way that is coordinated, collaborative, scalable, and resilient. Havoc’s software-defined hardware approach is unlike anything on the market today, purpose-built to enable autonomous systems across sea, air, and land to operate together as a unified force.

“We built Havoc around a simple belief: the future of national security depends on collaborative autonomy that works in the real world, not in controlled demos or years from now. In less than two years, we’ve already built one of the most mature collaborative autonomy software stacks in the industry, operating across more than 100 air, surface, and ground platforms,” said Paul Lwin, CEO of Havoc. “Our autonomous platforms and command-and-control systems have already demonstrated that they provide warfighters meaningful capability in the exact environments where future conflicts will occur: contested, distributed, and communications-degraded environments. With this funding, we will accelerate deployment across every domain and prove that a single warfighter can task, monitor, and supervise thousands of heterogeneous autonomous systems working together as one force.”

Havoc Fast Facts

• 25,000+ hours of autonomous testing and deployments:
  Validated across sea, air, and land in real-world, contested, and GPS-denied environments. Havoc systems are operational today, with proven ability to build, field, and deliver at speed.
• 200+ billion data points collected from autonomous operations:
  Powers a mature, field-tested autonomy stack across domains, enabling rapid iteration and mission-critical, life-saving outcomes in operational environments.
• 100+ autonomous surface vessels (ASVs) built and deployed:
  Fielded globally across U.S., Europe, and Indo-Pacific, with 40+ mission-ready today and the ability to rapidly scale production to meet demand.
• 30+ vessels delivered to the U.S. Department of Defense:
  Dozens of systems actively supporting DoD missions today, with capacity to scale to thousands of ASVs in 2026 and beyond.
• Strategic acquisitions expanding into air and land domains:
  Acquired Mavrik and Teleo, unifying sea, air, and land systems under a single operational architecture to accelerate all-domain autonomy.
• Strategic partnerships with leading defense primes and integrators:
  Partnerships with Leidos, Lockheed Martin, and SAIC to accelerate deployment of multi-domain autonomy and operational command-and-control systems for the joint force.
• Strategic partnerships with shipbuilders and additive manufacturers (AM):
  Collaborations with PacMar, Senesco, and AM partners enable design, build, and deployment at speed and scale, from rapid prototyping to full-scale production.
• 200+ employees and rapidly scaling:
  Team has more than doubled, expanding engineering, operations, and deployment capacity to meet growing defense and commercial demands.
• Expanded national footprint and production capability:
  New offices in Austin and San Diego, with expanded maritime production in Rhode Island, strengthening access to talent and manufacturing scale.
• Award-winning innovation validated by U.S. Army programs:
  Three-time xTech (Overwatch and Pacific) winner with $6M in SBIR awards, demonstrating operational autonomy across maritime and aerial missions.
• Recognized as a Fast Company Top 10 Most Innovative Company in Defense Tech:
  Named to Fast Company’s Most Innovative Defense Tech Companies of 2026 and selected for the Newlab Global Ocean Innovation Challenge, reflecting validation across defense and commercial markets.
• Board leadership includes former Congressman Devin Nunes:
  As the chair of the President’s Intelligence Advisory Board, Nunes brings deep national security, intelligence, and policy expertise to support Havoc’s growth and government engagement.

The Havoc Difference
Havoc’s software-defined hardware approach enables one-to-many, with a single operator supervising thousands of autonomous assets working together. The Havoc model provides immediate affordable mass by partnering with commercial manufacturers with existing excess capacity.

Havoc delivers real-time decision-making at the edge through all-domain collaborative autonomy, enabling persistent autonomous tasking. Autonomy at the edge fuses sensing, planning, and control, enabling heterogeneous assets to self-organize and execute complex missions with minimal supervision. The Havoc stack is modular and works with any platform or sensor to support autonomous navigation, dynamic path planning, and collision avoidance.

An intuitive, mission focused user interface enables a single operator to command, monitor, and re-task autonomous assets at the scale of thousands, reducing cognitive load and collapsing the distance between operator intent and execution. 

“Havoc has done what very few companies in this space have managed,” said Will Graves, Chief Investment Officer at Boardman Bay Capital Management. “They’ve built a truly scalable collaborative autonomy platform that works across all domains, and the demand signal from the U.S. military speaks for itself. This is exactly the category of hard-tech, defense-critical infrastructure we’re eager to support.”

“Havoc is building foundational infrastructure for how autonomous systems will coordinate and act across every domain,” said Dan Abrams, Managing Partner at Cobalt Capital. “That’s a generational platform opportunity, and exactly the kind of category-defining company Cobalt looks to back. We’re proud to be partners and are incredibly excited about what the future holds for Havoc.”

About Havoc 
Havoc is the leader in all-domain collaborative autonomy. Its software-defined hardware approach powers military and commercial-grade autonomous systems across sea, air, and land to sense, decide, and act together in complex and contested environments. Havoc connects assets, enabling them to share information, adapt in real time, and continue operating even when communications are disrupted or denied. Havoc optimizes mission performance and minimizes human risk. Learn more at havocai.com.

SOURCE Havoc AI

Isomorphic Labs will use the funding to power its world-leading AI drug design engine, scale its business globally and progress its drug candidate pipeline.

LONDON, May 12, 2026 — Isomorphic Labs, an AI-first drug design and development company, today announced it has raised $2.1 Billion in Series B funding. This latest round of investment will accelerate the company’s evolution from pioneering novel AI models to applying them at scale.

The financing round is led by Thrive Capital, and includes participation from existing backers Alphabet and GV alongside new investors MGX, Temasek, CapitalG, and the UK Sovereign AI Fund, significantly expanding Isomorphic Labs’ global capital base.

The new capital will be used for the continued development and deployment of Isomorphic Labs’ AI drug design engine (IsoDDE), accelerating and expanding its pipeline of therapeutic programs towards the clinic. Additionally, the funding will support our existing hiring targets by integrating world-class AI, engineering, drug design, and clinical talent across our sites; this global scale is crucial to Isomorphic Labs’ long-term vision of applying AI-driven breakthroughs to the most complex biological and medical challenges and addressing the global burden of disease.

This funding round serves as further validation of the progress of Isomorphic Labs’ AI drug design capabilities and marks a pivotal moment for the company, demonstrating that its first-principles approach positions it to define the future of AI-driven drug design. By reimagining drug discovery as an integrated scientific and engineering discipline with proprietary AI and data at the core, Isomorphic Labs aims to deliver scientific breakthroughs with a level of precision and speed previously thought impossible.

“The application of AI in healthcare offers a profound opportunity. Isomorphic Labs has already made extraordinary progress in harnessing AI to accelerate drug discovery, and we are excited by this momentum and the early promise of the technology platform,” said Ruth Porat, President and Chief Investment Officer Alphabet and Google. “This trajectory is encouraging, and this funding will be used to accelerate the work and bring important interventions to market with greater speed.”

“This funding round is a massive vote of confidence from a diverse group of top-tier international investors in our AI-first approach to drug design and development,” said Sir Demis Hassabis, Founder and CEO. “Now that we have shown our approach is fundamentally sound, our focus is on scaling our technology to its full potential. This capital injection allows us to build out our drug design engine at scale, driving us forward in our mission to solve all disease.”

“This milestone is built on the strength of our AI drug design engine, which has already proven its worth across our internal programs by hitting key milestones and identifying viable candidates with unprecedented speed,” said Max Jaderberg, President of Isomorphic Labs. “Our drug design engine works, and it’s giving us a repeatable way to design new medicines for a wide range of diseases, building a future of medicine that was previously out of reach.”

“We are humbled to have the opportunity to continue to support Isomorphic’s mission to solve all disease,” said Joshua Kushner, Founder and CEO of Thrive Capital. “Over the past year, our conviction in the team has only deepened as they’ve made significant progress in building a unified AI drug design engine to define a new age of drug discovery and design.”

“The caliber of the team Isomorphic has assembled is unmatched, and they continue to validate our belief that this is the premier group at the intersection of AI and drug discovery,” said Dr. Krishna Yeshwant, Managing Partner at GV. “We have strong confidence in Isomorphic. We believe their approach can create important medicines that will be better understood earlier in the process, pushing the boundaries of what’s been possible before.”

Technical Advancement and Strategic Impact

Isomorphic Labs has developed a number of proprietary breakthrough AI models that together form its unified AI drug design engine that works across multiple therapeutic areas and drug modalities. Isomorphic Labs recently published a subset of the powerful and expansive capabilities of IsoDDE, highlighting its predictive accuracy and introducing new capabilities which bridge the gap between structure prediction and real-world drug discovery. IsoDDE offers a scalable foundation for AI drug design, providing the predictive fidelity required to navigate novel biological systems with unprecedented accuracy.

Isomorphic Labs maintains a strong portfolio of strategic partnerships with industry leaders like Novartis, Lilly, and Johnson & Johnson. These collaborations serve as a significant validation of Isomorphic’s AI-first approach and the tangible value it brings to the pharmaceutical industry.

ABOUT ISOMORPHIC LABS

Isomorphic Labs was founded in 2021, to transform drug discovery with the power of artificial intelligence, ushering in a new era of biomedical breakthroughs. Isomorphic Labs is led by CEO Sir Demis Hassabis and President Max Jaderberg. Isomorphic Labs has built a world-leading AI drug design engine comprising foundational AI models that are capable of working across multiple therapeutic areas and drug modalities. The company is continually innovating on model architecture and developing cutting-edge capabilities to advance drug design. Isomorphic Labs is headquartered in London and has office locations in Cambridge, Massachusetts and Lausanne, Switzerland. Isomorphic Labs is advancing a broad and ambitious drug design portfolio through partnered programs and wholly-owned internal programs. For more information, go to www.isomorphiclabs.com and follow us on LinkedIn and X.

For Media Inquiries
[email protected]

SOURCE Isomorphic Labs

SAN FRANCISCO, May 12, 2026 — GrubMarket, the AI-powered technology enabler and digital transformer of the American food supply chain industry, as well as one of the largest private food eCommerce companies globally, today announced the Spring 2026 product release for its software suite, the industry’s only fully integrated technology platform spanning ERP, AI, and eCommerce. This release introduces significant enhancements across WholesaleWare, Orders IO, and AI Orders, delivering new capabilities designed to help restaurant and foodservice distributors and produce wholesalers improve efficiency, elevate customer service, and drive profitability. All features are now available to both new and existing customers.

Key Highlights of the Spring 2026 Release:

WholesaleWare

• Automated Work Orders: Streamlines repacking and processing workflows with automated creation and management of work orders, including real-time inventory and cost updates.
• New Price Groups: Enables flexible, rule-based pricing segmentation with support for item- and category-level overrides, enhancing existing pricing capabilities, including customer-specific pricing and premium pricing for smaller units of measure.
• Automated FIFO Lot Allocation: Gives users the option to automatically allocate lots at shipment, common for just-in-time purchasing operations, in addition to pre-allocating lots and scanning lots to pick.
• Expanded EDI Integrations: New integrations with Produce Alliance and Restaurant365 enable seamless, automated order processing.
• New Reports: Empower the team with new, actionable reports such as purchasing guides, route summaries, and charge insights for accounting teams.
• Platform Enhancements: Includes notable improvements across sales orders, drop ship orders, inventory management, lot tracking, cost management, loads, and accounting.

AI Orders

• Multi-Language Order Processing: AI Orders now supports multi-language inbound orders, to better support the diverse customer bases that distributors serve.
• Match Confidence Indicators: Improves order review efficiency with visual cues representing the AI’s confidence in product and unit of measure matches.
• Customer Product Code Recognition: In addition to reading product names and descriptions, AI Orders now understands customer-specific product codes, streamlining orders for large retailers and foodservice contracts, and enabling EDI workflows without requiring integration.
• Customer-Specific AI Prompts: Allows tailored AI training for individual customers and their unique order formats.
• Enterprise Dictionary: Introduces configuration to help AI Orders interpret specialized terminology used by a company and its customer base.
• Additional Enhancements: Includes configurable product matching logic, enhanced UI displays, and improvements to historical order analysis.

eCommerce Platform (Orders IO)

• Automatic Product Suggestions: Increases order value through dynamic, customer-specific upsell recommendations.
• Advanced Delivery Management: Provides granular control over delivery scheduling with product- and customer-specific rules, along with built-in management of holidays and non-delivery days.
• Order Guide Tagging: Simplifies order guide management with customizable tags, such as those for seasonal menus.
• Streamlined Customer Onboarding: Introduces an improved workflow with automated welcome communications providing access to the online ordering platform and mobile ordering apps.
• User Experience Improvements: Enhancements across customer chat, product search, supplier portal, pricing management, and catalog browsing.

“GrubMarket’s Spring 2026 Release represents a major step forward across our ERP, AI, and eCommerce platforms,” said Mike Xu, CEO of GrubMarket. “These innovations reflect our commitment to equipping customers with powerful, AI-driven tools that unlock new efficiencies and elevate operational performance. We are proud to continue advancing our mission of driving technological innovation across the food supply chain as the only provider of fully integrated ERP, eCommerce, and AI solutions for our industry.”

“Driven by our ongoing commitment to help our customers become more effective in their operations and more successful in the market, we built this release around the most important challenges and opportunities that they shared with us,” said Genevieve Wang, Chief Software Product Officer. “We combined those insights with our deep technical expertise—particularly in AI—as their trusted technology partner to deliver powerful solutions that deliver immediate, positive impact to their businesses. This is a major release for us, and we are incredibly proud of what our teams have delivered.”

As foodservice distributors and produce wholesalers face increasing operational complexity and intensifying competition, GrubMarket continues to advance its software platforms to meet the industry’s evolving needs. The company’s solutions are built on a modern technology infrastructure, offering customers depth of functionality paired with world-class user experiences and intuitive design. Customers can adopt the capabilities that best fit their business needs today and expand over time as they grow. As a technology partner, GrubMarket ensures that customers gain ongoing access to the latest innovations, purpose-built for the unique needs of food wholesale and distribution.

This Spring 2026 Release equips GrubMarket software users with solutions to reduce manual effort, improve operational accuracy, and achieve greater profitability across their businesses. To learn more about GrubMarket software and its transformative capabilities, visit: https://www.grubmarket.com/hello/software/index.html

About GrubMarket

GrubMarket is the AI-powered technology enabler and digital transformer of the American food supply chain industry, as well as one of the largest private food eCommerce companies globally. As the enterprise AI solutions provider for the American food supply chain, a first mover in the tech-enabled B2B food eCommerce space, and a pioneer offering cutting-edge, AI-powered software-as-a-service solutions, GrubMarket uses technology to fundamentally transform the American and global food supply chain. GrubMarket has been named to the prestigious CNBC Disruptor 50 list for three consecutive years. In 2026, GrubMarket was named to TIME’s list of the TIME100 Companies Industry Leaders. GrubMarket operates in all 50 U.S. states and has a global presence in Argentina, Canada, Chile, Colombia, Egypt, India, Mexico, South Africa, and Spain, with plans to expand further across the U.S., Canada, South America, Europe, Africa, and other parts of the world.

For Media Inquiries:
GrubMarket Media Team
Email: [email protected]

SOURCE GrubMarket

Cerberus’ General John W. “Jay” Raymond (Ret.), the first Chief of Space Operations of the United States Space Force, will join Star Catcher’s board, along with B Capital General Partner and Global Head of Energy Jeff Johnson and SHIELD Principal David Rothzeid. GreatPoint Ventures, Helena, Oceans Ventures, and MVP Ventures also participated in the round.

“This investment underscores the conviction that orbital infrastructure is now as fundamental as terrestrial infrastructure,” said Andrew Rush, co-founder and CEO of Star Catcher. “Every major application driving the space economy — connectivity, computing, security, sensing — is power-limited today. Star Catcher is lifting that ceiling — making it possible to build in orbit at the scale the next century of life on Earth will demand.” 

Founded less than two years ago, Star Catcher is developing a space-based energy infrastructure layer that delivers electricity on demand to satellites and other spacecraft using optical power beaming. Following an industry-leading seed round and exceptional customer traction, the company set the world record for optical power beaming, completed a critical on-orbit subsystem demonstration, and validated its end-to-end system architecture. The Series A positions Star Catcher to move from validated technology to scalable infrastructure.

“At B Capital, we focus on scaling technologies to enhance energy infrastructure, and the same dynamics we’re seeing on Earth are now playing out in orbit,” said Jeff Johnson, General Partner and Head of Energy at B Capital. “There is exploding demand, limited shared infrastructure, and a generational opportunity for the company capable of building the first in-orbit grid. We strongly believe Star Catcher is that company. The traction we’ve seen thus far speaks for itself, and we’re proud to lead this round in support of a team that brings unmatched operational depth to solve this critical challenge.”

Next Up: Accelerating Mission Cadence

Star Catcher will launch the first-ever space-based optical power beaming demonstration later this year. The mission marks a foundational step toward constructing the first energy grid in space — built to deliver up to 10x more power to satellites with no retrofit or custom receiver required — and the first of a series of flight missions designed to progressively retire technical risk and deploy operational capability.

As the company advances toward on-demand power availability, this investment accelerates a second orbital mission already in development and strengthens the engineering and operations capacity to drive scalable grid deployment.

“Star Catcher is solving the constraint that plagues every space-based mission: power,” said John Serafini, Partner at SHIELD. “They’ve moved from concept to world-record performance to flight hardware on a timeline almost no frontier-tech company achieves, and they’re building infrastructure with direct relevance to both commercial operators and the national security community. This is precisely the kind of company SHIELD exists to back.”

An Expanding Customer Base

Star Catcher’s customer base spans commercial space operators and U.S. Government stakeholders. The company has signed seven power purchase agreements, secured multiple government contracts, and is managing a qualified commercial pipeline representing more than $3 billion in projected annual recurring revenue. The Series A will fund continued commercial expansion alongside deeper engagement with U.S. national security customers.

“Energy and infrastructure resilience are core national and economic priorities on Earth, as in orbit,” said General Raymond, Senior Managing Director at Cerberus. “Persistent surveillance, resilient communications, and unhindered maneuverability are all constrained today by power. An on-demand power grid can change that, expanding critical capabilities across commercial and national security missions.”

About Star Catcher
Star Catcher is building the first power grid in space — beaming concentrated solar energy on demand to satellites in orbit with no retrofit required. By eliminating power as a constraint on spacecraft design and mission capability, Star Catcher is unlocking a new generation of space operations for commercial, civil, and national security customers. Learn more at www.star-catcher.com.

About B Capital
B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With more than $11 billion in assets under management across multiple funds, the firm focuses on seed to late-stage venture growth investments, primarily in the Technology, Healthcare and Energy sectors. Founded in 2015, B Capital leverages an integrated team across nine locations in the US and Asia, as well as a strategic partnership with The Boston Consulting Group, to provide the value-added support entrepreneurs need to scale fast and efficiently, expand into new markets and build exceptional companies. Select investments include Perplexity (AI-powered search and answer engine), Precision Neuroscience (minimally invasive brain-computer interface technology), Axiom (AI- powered math reasoning platform) and Fervo Energy (next-generation geothermal power). For more information, click here .

About Shield Capital
Shield Capital is a venture capital firm investing in early-stage companies building technology in artificial intelligence, autonomy, cybersecurity, and space. SHIELD’s experienced team of company founders, investors, and national security leaders is mission-focused to support entrepreneurs addressing challenges and opportunities at the nexus of commercial industry and national security. At SHIELD, the Mission Matters. Learn more at www.shieldcap.com.

About Cerberus Ventures
Cerberus Ventures is an early-stage investor backing founders challenging assumptions to transform industries and society for the better. We believe the future will be shaped by bold breakthroughs across the critical domains of intelligence, energy and resources, digital infrastructure, computing, and biotech. As the venture arm of Cerberus Capital Management, a $70 billion global investment firm, we bring the full weight of experience, networks, and capital to help consequential companies tackle high-stakes problems. Learn more at: www.cerberusventures.com.

Media Contacts

Karen Sorenson
Valerie Christopherson GRC for
Star Catcher
[email protected]

Star Catcher Camille
Bergin, CMO
[email protected]

B Capital
Kate Thompson / Madeline Jones / Kate Kelley / Alex Wolfsohn
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
212-355-4449

Shield Capital
[email protected]

Cerberus Ventures
Torrey Leroy
[email protected]

SOURCE Star Catcher Industries, Inc.

Community investment program gives back to local farming communities in key growing regions

RALEIGH, N.C., May 12, 2026 — Golden Harvest has invested over $300,000 directly in local farming communities through its Harvest Roots program, reinforcing its commitment to providing meaningful localized support and strengthening agriculture throughout the Midwest.

A dedicated community investment program, Harvest Roots supports the organizations, events and causes that matter most across Golden Harvest growing regions. Since its launch in 2025, Harvest Roots has supported 28 community initiatives, representing approximately $300,000 in combined local investments. Golden Harvest is proudly continuing the Harvest Roots program in 2026, expanding its reach to additional growing regions and deepening its commitment to truly showing up for local communities.

The program invests in select Golden Harvest growing regions, funding causes close to home and celebrating farming communities throughout the Midwest — with initiatives chosen at the regional level based on local impact. Efforts the program has supported include donations to local Future Farmers of America chapters, youth sports teams and schools, farm rescue campaigns, food banks and other initiatives that uplift local communities, with supported activities varying by region.

“Harvest Roots is more than giving back; it’s about showing up where it matters most — in the places where farmers live and work,” said Andy Lee, Head, Golden Harvest. “By investing locally, we’re reinforcing our commitment to work together with farmers and deliver trusted, local service that helps create results in and out of the field.”

Follow Golden Harvest on Facebook to hear real stories from the communities Harvest Roots serves: facebook.com/GldnHarvest/.

About Syngenta

Syngenta is a global leader in agricultural innovation with a presence in more than 90 countries. Syngenta is focused on developing technologies and farming practices that empower farmers, so they can make the transformation required to feed the world’s population while preserving our planet. Its bold scientific discoveries deliver better benefits for farmers and society on a bigger scale than ever before. Guided by its Sustainability Priorities, Syngenta is developing new technologies and solutions that support farmers to grow healthier plants in healthier soil with a higher yield. Syngenta Crop Protection is headquartered in Basel, Switzerland; Syngenta Seeds is headquartered in the United States. Read our stories and follow us on LinkedIn, Instagram & X.

Data protection is important to us. For more information about how we collect, use, disclose, transfer and store your information, you can review our Privacy Policy.

All photos and videos are either the property of Syngenta or are used with permission.

© 2026 Syngenta. Golden Harvest^® and the Syngenta logo are trademarks of a Syngenta Group Company.

SOURCE Golden Harvest

First institutional venture fund exclusively focused on MSP software announces final close, strong early performance, and first exit

VANCOUVER, BC, May 12, 2026 – Top Down Ventures, a venture capital firm focused on early-stage software and AI companies serving the Managed Service Provider (MSP) market, today announced the final close of its Founders Fund I at US$28 million (C$38 million), oversubscribing its original US$25M target. The fund held its first close in October 2024 and completed its final close in April 2026.

Founders Fund I is the first institutional venture fund dedicated exclusively to early-stage MSP software and AI companies. The fund has attracted over 100 LPs (limited partners), the majority of whom are founders, operators, and executives from across the MSP ecosystem, creating a strategic LP base that actively contributes to portfolio company growth. The fund also includes participation from Pax8 founder and chairman John Street, Upward Trajectory Fund, and a number of private family offices across Canada and the United States.

The MSP ecosystem has long been the invisible infrastructure of the global economy, powering the technology operations of over 100 million SMBs (small and mid-sized businesses) worldwide, and on track to reach US$1 trillion in annual spend by 2030. According to Top Down’s 2025 State of MSP Capital in the Age of AI report, 2026 marks a historic shift: for the first time, the total addressable market for SMB IT spend is projected to surpass that of Enterprise IT. What was once considered a niche market is crossing into the mainstream, and institutional capital is beginning to take notice. Top Down was built on the conviction that this moment was coming, that Main Street’s technology needs would eventually demand Wall Street’s attention.

Strong Early Performance

The fund’s first exit has already been realized: zofiQ, a portfolio company focused on agentic AI for MSPs, was acquired by ConnectWise, returning 5.3x to the fund just six months after the initial investment. A second portfolio company has completed its Series B at a 3.5x markup to Top Down’s entry.

Since beginning to invest in 2024, the fund has deployed capital into 12 portfolio companies. Based on early DPI and deployment metrics, the fund is tracking in the top decile of 2024 vintage venture funds (Source: Carta, Q4 2025 VC Fund Performance).

The firm’s general partners bring a hands-on track record in the MSP space, having founded and scaled companies including IT Glue (acquired by Kaseya), Fully Managed (acquired by TELUS), N-able (NYSE: NABL), and ScalePad. Their prior investments generated a 12.8x MOIC and 97% IRR.

“We’re proud to have built a fund that reflects the strength and alignment of the MSP ecosystem. Our LP base is not just capital, it’s a flywheel of operators, founders, and industry leaders helping the next generation of MSP software companies scale faster and smarter.”

– Joel Abramson, Managing Partner, Top Down Ventures

Investing in the AI-Native Generation

Top Down’s investment strategy has focused on backing a new cohort of AI-native SaaS companies, businesses built from inception with modern AI development tooling, resulting in faster product cycles, leaner teams, and differentiated capabilities tailored to the evolving MSP landscape. These are not companies that have bolted AI onto existing products; they were designed around it.

“We’re seeing a fundamentally different caliber of company. These are AI-native businesses built from day one with new tooling, new cost structures, and new expectations around speed and scale.”

– Chris Day, Founder & Chairman, Top Down Ventures

AI-native companies are doing to the MSP stack what cloud once did to on-premise software – not bolting on features, but rebuilding foundational workflows from the ground up, around intelligence, redefining what it means to deliver managed services. Just as cloud reshaped the economics and architecture of IT delivery a decade ago, AI is now doing the same, creating both urgency and opportunity for the MSPs and software vendors willing to move first.

A Platform Built on Deep Industry Specialization

Top Down combines capital with a hands-on platform approach, providing operational guidance, go-to-market support, and access to a deeply embedded industry network. The firm convenes CEO peer groups, hosts its annual Horizons investor summit, and publishes the MSP Outliers blog and podcast, resources that connect founders, operators, and investors across the ecosystem.

“In one of the most challenging fundraising environments, we are grateful for the support from institutions, family offices, and everyone from the MSP ecosystem who engaged with our vision in defining the new era of AI-first MSP software. We believe there has never been a more important time to invest at the early stage, especially in a category like MSP that remains underappreciated but critical to the global SMB market for managed IT, security and AI.”

– Mark Scott, General Partner, Top Down Ventures

What’s Next

Top Down will be active across the MSP and venture community through the rest of 2026, including its annual Horizons investor summit in November in Scottsdale, where it will showcase portfolio companies to LPs, founders, and industry leaders. The firm is also expanding the Outliers program with new research and content for the operators and institutional investors shaping the next decade of MSP software.

About Top Down Ventures

Top Down Ventures is the first early-stage venture capital firm focused on the MSP software/AI ecosystem. The firm partners with founders building automation, intelligence, and governance platforms for the global SMB market. Through its research, events, and investments, Top Down’s mission is to elevate the MSP industry from Main Street to Wall Street. For more information, visit www.topdown.com.

SOURCE Top Down

Lincoln-based Driive closes pre-seed funding from Nebraska Angels, Nelnet, Move Venture Capital, and CompanyCam founder Luke Hansen to scale Dot, its AI booking agent for HVAC, plumbing, electrical, roofing, and other home service contractors.

LINCOLN, Neb., May 11, 2026 — Driive, the AI-native booking and scheduling platform built for the home service trades, today announced the close of its pre-seed funding round. The round includes investment from Nebraska Angels, Nelnet, Move Venture Capital, and Luke Hansen, founder and CEO of CompanyCam.

Driive is building the scheduling layer for the trillion-dollar U.S. home services industry. Roughly half of all inbound leads to home service contractors arrive after 5pm or on weekends, when most contractors are off the phones. According to industry research, 78% of homeowners hire the first contractor who responds. Contractors spend billions every year on lead generation, then lose those leads to voicemail.

Driive’s platform answers inbound calls, texts, and emails 24/7, qualifies the homeowner, checks technician availability against real drive time, and books the appointment in real time. The product is called Dot.

“This category has been waiting for someone to take it seriously,” said Quinn Small, Founder and CEO of Driive. “The trades are the largest sector of the economy still running on missed calls and sticky notes. Driive is the system of record for how a job actually gets booked.”

“Scheduling is a huge need in the industry, and I believe in this team to solve it,” said Luke Hansen, founder and CEO of CompanyCam.

“So impressed with the early momentum that Quinn Small has established with Driive, and excited to see what he accomplishes as he expands his team and brings on more customers,” said Charlie Cuddy of Move Venture Capital.

Early customers point to drive-time scheduling as the differentiator. “Finally. Someone gets it, and then built it. This tool has reduced the miles and dead time, increased the appointments we can do daily, and gets a higher book rate when our customers can book on their terms,” said Cody Stephens, Owner of a generator sales and installation company.

Funds will accelerate Driive’s engineering hires, the go-to-market motion through its partnership with CompanyCam, and the rollout of Dot.

About Driive

Driive is the AI booking and scheduling platform built for home service trades, including HVAC, plumbing, electrical, roofing, pest control, and windows. Learn more at getdriive.com.

SOURCE Driive Inc.