BR Diversified Industrial Portfolio 8, DST Delivers 100% Leased,
Five-Property Industrial Portfolio

NEW YORK, Aug. 5, 2026 — Bluerock Value Exchange (BVEX), a national sponsor of 1031 Exchange and Delaware Statutory Trust (DST) investment programs with a 20+ year track record, today announced the launch of BR Diversified Industrial Portfolio 8, DST (“DIP 8”), an all-cash, unlevered DST offering seeking to raise approximately $58.4 million from accredited investors. DIP 8 is BVEX’s 46th individual DST program and eighth consecutive industrial-focused offering, reflecting the firm’s deep expertise in the industrial sector.

The launch of DIP 8 follows the successful completion of BR Diversified Industrial Portfolio 7 (“DIP 7”), reflecting continued strong demand for BVEX’s industrial 1031 exchange platform. DIP 8 continues that momentum, offering investors the opportunity to secure a fully leased, income-producing industrial portfolio.

DIP 8 is comprised of five mission-critical industrial properties across Florida, Illinois, and Missouri, and totals approximately 460,000 rentable square feet of warehouse, distribution, and industrial outdoor storage. The portfolio features several attractive investment characteristics, including:

• Credit-rated, large national tenants
• 100% occupancy rate with long duration triple-net leases providing durable, predictable cash flows throughout the anticipated hold period
• A weighted-average lease term of nearly 13 years
• Potential for rent growth with current in-place rents 20% below current market rates

The DST currently distributes 4.8% on an annualized basis under its Master Lease structure, paid monthly to investors. DIP 8 is further structured to provide investors with meaningful exit flexibility at the conclusion of the hold period. Beneficial owners may elect to (i) contribute their interests into the Operating Partnership on a tax-deferred basis pursuant to a 721 UPREIT Exchange, (ii) redeem their interests for cash proceeds and complete a subsequent 1031 Exchange, or (iii) receive cash on a taxable basis — providing each investor the ability to pursue the exit path most aligned with their individual tax and estate planning objectives.

“We continue to see strong demand from 1031 exchange investors seeking income-producing industrial portfolios in high-growth markets, particularly in an all-cash structure that eliminates leverage risk,” said Josh Hoffman, President of Bluerock Value Exchange. “DIP 8 checks all the boxes for our investors: a geographically diversified, fully leased portfolio anchored by long-tenured national tenants, with in-place rents averaging 20% below current market rates. The industrial sector is supported by powerful structural tailwinds — declining new supply, sustained demand, and projected rent growth well above the broader real estate market — and we believe this offering is exceptionally well-positioned to capitalize on that environment.¹“

¹ Source: CoStar

About Bluerock Value Exchange
With a 20+ year track record, Bluerock Value Exchange is a national sponsor of syndicated 1031-exchange offerings with a focus on Premier Exchange Properties™ that seek to deliver stable cash flows and potential for value creation. Bluerock has structured 1031 exchanges of more than $3 billion in total property value and 17 million square feet of property.  Additional information can be found at bluerockexchange.com.

About Bluerock
Bluerock is a leading alternative investment manager with more than $20 billion in acquired and managed assets and a 24-year history of delivering innovative income and tax-advantaged investment solutions to individual investors. Bluerock’s platform offers access to investment programs spanning 1031 and 721 exchange solutions, private and public real estate, and alternative credit. The firm partners with financial advisors, providing education and practice management resources that help them better serve clients and grow their businesses. Learn more at bluerock.com.

SOURCE Bluerock Value Exchange

SAN FRANCISCO, Aug. 5, 2026 — Avatar Robotics, a startup building the unlimited workforce for industrial labor, today announced it has raised a $6.5 million Seed round led by AlleyCorp, alongside a pre-seed led by defy.vc, and participation from Headline, Henry Ford III, Refashiond, Paul Vogel, Jack Huffard, and Samuel Udotong.

Avatar Robotics addresses one of the largest structural constraints facing the U.S. economy: persistent labor shortages across warehousing, logistics, and manufacturing. As companies reshore operations and demand faster fulfillment, many facilities struggle to hire and retain enough workers for physically demanding or repetitive jobs.

Avatar unleashes a new category of industrial infrastructure that combines robotics, remote human operators, and AI-driven autonomy. Its humanoid robots can perform high-value warehouse and manufacturing workflows such as picking, packing, kitting, sorting, cycle counting, and material movement — delivering flexible labor capacity 24/7.

Since launching in December 2025, Avatar Robotics has packed, sorted, and helped ship more than 900,000 products, including for a leading global beauty retailer, via robots deployed across live customer environments. The company has also begun a post-pilot expansion with a multi-billion-dollar warehouse operator to support sorting and picking workflows, with additional deployments underway.

“The United States has a massive labor shortage, and the warehouses and factories that power daily life are struggling to hire enough workers,” said Colin Webb, Founder and CEO of Avatar Robotics. “For the first time, affordable robotics, high-speed connectivity, and AI-driven autonomy make it possible to create a new kind of workforce. Avatar Robotics gives businesses access to scalable industrial labor, while enabling workers to operate fleets of robots remotely from safer and more comfortable environments. Over time, this can dramatically lower the cost of goods and expand economic opportunity to people anywhere in the world.”

Unlike traditional automation systems that require rigid workflows and expensive upfront integration, Avatar is plug-n-play, using remote operators to complete tasks reliably from day one. While operating, Avatar Robots continuously learn from the data they generate, enabling robotic foundation models to bring intelligent automation to every task.

The result is a new kind of robotics infrastructure for the physical economy. Customers get labor capacity immediately. Avatar Robotics produces the data needed to improve autonomy, where eventually one warehouse operator will command entire fleets of robots. In the future, Avatar will power an ever-growing suite of autonomous workflows for today’s highly manual, complex tasks.

 “Avatar Robotics has built strong partnerships with their initial customers — and is already delivering meaningful value in real workflows — through their human-in-the-loop system, which is performing at a level competitive with skilled human operators,” said Brannon Jones, Principal at AlleyCorp. “In doing so, Avatar Robotics has also generated large datasets of robot control data, which the industry currently lacks and will help to inform foundation models and enable more scalable labor supply.”

“Colin’s vision for Avatar instantly captivated me,” said Amy Yin, Partner, defy.vc. “The path to full robotic autonomy will require both better hardware and massive amounts of real-world data. Avatar’s approach is incredibly clever: use remote human operators to bridge the gap today while improving autonomy with every task completed. I believe that model can help Avatar build one of the largest humanoid robot fleets in the world.”

The new capital will be used to expand deployments, accelerate autonomy software development, scale robot fleets, and grow the company’s engineering and operations teams.

Avatar Robotics’ team includes engineers and operators from Cruise, Apple, Tesla, Intuitive Surgical, and Unity, with research backgrounds from Massachusetts Institute of Technology. The founder and CEO, Colin Webb, graduated from MIT (delivering the commencement address), and has developed various autonomous solutions ranging from AI powered drones and self-driving cars, to founding a recently acquired AI startup with cofounder Nenye Anagbogu, who has teamed up with Webb once again at Avatar.

Avatar Robotics envisions scaling to millions of robots operating across warehouses, factories, mines, farms, and future infrastructure projects — allowing businesses of any size to access industrial-grade labor on demand, and enabling workers globally to control fleet-scale physical systems virtually.

To get in touch with the Avatar Robotics team, reach out at [email protected].

About Avatar Robotics

Avatar Robotics is building the unlimited workforce for industrial labor. Avatar combines humanoid robots, a global fleet of robot operators, and AI autonomy to help businesses scale warehouse, logistics, and manufacturing operations with affordable, flexible, always-available labor. Businesses with tedious, hard-to-automate tasks including kitting, sorting, picking, packing, rework and assembly tasks can tap into Avatar’s overnight scalable labor, capable of 24/7 work. Avatar robots are currently fulfilling thousands of big brand retail products daily.

Avatar Robotics is headquartered in San Francisco, California. Learn more at www.avatarrobotics.com

About AlleyCorp

AlleyCorp is a New York-based venture capital firm that incubates and invests in transformative companies across healthcare, AI, enterprise software, consumer tech, deep tech, and more.

As one of the most active early-stage investors in New York, AlleyCorp focuses on investing at the incubation, pre–seed, seed, and Series A stages. Founded by serial entrepreneur Kevin Ryan, AlleyCorp’s past incubations have included MongoDB (NASDAQ: MDB), Business Insider, Zola, Gilt Groupe, Radical AI, and Transcend Therapeutics. Learn more at alleycorp.com.

About defy.vc

defy.vc is a Silicon Valley–based early-stage venture capital firm, currently investing out of defy III. With $700M under management across its funds, defy takes an artisanal approach to company building—backing founders with conviction and providing hands-on support from inception through exit. Our team blends decades of venture experience with entrepreneurial and operating expertise, partnering with the boldest founders shaping the future. Connect with defy at https://defy.vc and @defyvc.

Media Contact
Kelsey Cullen, KCPR
[email protected]
650.438.1063

SOURCE Avatar Robotics

Beedie Capital to Anchor New US$500M Vistara Growth Fund

VANCOUVER, BC, Aug. 5, 2026 /CNW/ — Beedie Capital and Vistara Growth today announced a strategic partnership designed to support Vistara’s next phase of growth. As part of the transaction, Beedie Capital has acquired a 50% ownership interest in Vistara Growth and will serve as anchor investor in the upcoming Vistara Growth Structured Opportunities Fund scheduled to launch in the fall of 2026 with a significant commitment of up to US$125 million against a US$500 million target fund size.

Today’s announcement traces back to a friendship formed 35 years ago. Ryan Beedie, President of Beedie and Randy Garg, Founder of Vistara Growth met as MBA classmates at the University of British Columbia, graduating together in 1993. In 2010, they together launched Beedie Capital to formalize the non-real estate investment activities of Beedie with a key focus on technology companies.

In 2015, Garg spun out of Beedie Capital to start Vistara Growth, with Beedie Capital as one of its first LPs. Since then, Vistara Growth has raised multiple investment vehicles with over US$700 million raised to date with Beedie Capital as one of its key anchor LPs across its 5 funds. Vistara Growth has established itself as a leading provider of flexible growth debt and equity capital to mid-later stage technology companies, with its prior three funds all ranking top 10 globally amongst Private Credit funds <$500M (source: Pitchbook 2025 Benchmarks by vintage).

Vistara Growth has achieved its success filling the gap between traditional sources of bank debt capital and traditional venture or growth equity, and is poised to continue to do so with its new fund launch. “With the current market dislocation for technology financing given the uncertainty around the impact of AI and other market forces, we believe this is an ideal time to launch our new flagship evergreen fund in partnership with Beedie” said Randy Garg. 

Over this same period, Beedie Capital has grown into one of Canada’s leading multi-strategy alternative investment platforms. Its core strategies include direct investments in technology and mining, complemented by an active funds and GP stakes strategy. The firm has grown to several billion dollars in assets and invests across North America as part of Beedie, one of Canada’s largest private real estate companies.

“I’ve watched Randy build Vistara into one of the strongest technology-focused growth capital platforms in North America,” said Ryan Beedie, President of Beedie. “This investment reflects the confidence we have in Randy and his highly talented team, the track record they’ve delivered, and the market opportunity at hand today — and our belief that this is only the beginning of what Vistara can become.”

“Beedie Capital has backed us in every fund since the very beginning, and this investment takes that partnership to a new level,” said Garg. “By combining Vistara’s specialized growth-capital platform and track record with Beedie Capital’s scale, permanent capital base, relationships and complementary investment capabilities, we believe we can continue to create significant value for our investors and portfolio companies with our own new evergreen fund.”

While the transaction deepens the relationship, the two firms will continue to operate and remain distinct entities.

“This partnership is a testament to what’s possible when two firms share a common foundation and mutual respect,” added Beedie. “We have tremendous faith in where Vistara is headed, and we’re proud to be building that future together.”

About Beedie Capital

Beedie Capital is the multi-strategy alternative investment platform of Beedie, one of Canada’s largest private real estate companies. Through debt, equity and hybrid investments, Beedie Capital takes an unconstrained, evergreen approach to investment duration, structure and size. The platform combines the strategic capabilities of an institutional investor with the entrepreneurial mindset of a privately owned business. It invests across sectors in Canada and the US, with a core focus on technology and mining. For more information, please visit www.beediecapital.com.

About Vistara Growth
Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, and our people.For more information, visit vistaragrowth.com.

SOURCE Beedie Capital

Billing and Revenue Automation Platform to Double R&D Investment to Help CFOs Automate Quote-to-Cash

WASHINGTON, Aug. 5, 2026 — Ordway, the monetization platform for innovative business models, today announced that it has secured access to $20M in additional equity and debt funding to accelerate investments in AI product development and company growth. Ordway’s latest funding round was led by Harbert Growth Partners with debt participation from Western Alliance Bank’s Innovation Banking Group.

Ordway’s recurring revenue has doubled over the past two years, while the company has maintained profitability. More enterprise deals with more complexity – multiple legal entities, multiple general ledgers, and multiple financial reporting jurisdictions – are driving larger deals in new customer acquisition. Attach rates for new products are growing among existing accounts, as more customers adopt Ordway payments, quotes, self-service portal, and checkout offerings.

In the past year, Ordway has introduced a number of new AI-powered offerings, including MCP access for Claude, a new AI-powered cash reconciliation feature that matches payments across banking channels to their corresponding invoices, and an AI contract data abstraction that reads subscription agreements and extracts the necessary details for billing and revenue recognition.

Ordway is also expanding into payments with the launch of Ordway Payments, a unified platform designed to eliminate the manual work and data fragmentation involved in processing payments, matching them to invoices, and reconciling revenue.

“We founded the company with a mission of automating the quote-to-cash process for high-growth companies, but there is still work to be done. The handoff from sales to finance remains one of the messiest parts of the business,” said Sameer Gulati, CEO and founder of Ordway. “The sales team pops open a bottle of champagne every time a new deal is closed, but finance cries in their coffee because of all the complex gymnastics that will be needed to perform the accounting and billing.”

With the new capital, Ordway will double its R&D budget to accelerate the build-out of its AI product roadmap. Investments include AI agents that will automate time-consuming, routine tasks such as updating billing, accounting, and investor KPIs following contract modifications, renewals, and pauses. Ordway is also expanding its reporting suite to include AI-powered forecasting models for cash flows, customer churn, and revenue growth.

“AI is driving rapid levels of change and complexity into pricing, monetization, and billing strategies for technology-centric companies,” said Tom Roberts, General Partner at Harbert Growth Partners. “Ordway is extremely well positioned to help companies adapt to the new AI-centric paradigm in finance, and we are excited to invest and partner with them as they enter the next phase of growth.”

The investment positions Ordway to help finance teams manage a new generation of increasingly complex business models without adding more spreadsheets, manual processes, or operational overhead. As pricing and revenue models evolve, Ordway is building the intelligent financial infrastructure companies need to scale with greater speed, accuracy, and control.

To learn more about Ordway’s AI-powered quote-to-cash platform, visit https://ordwaylabs.com/.

About Ordway

Ordway is a billing and revenue management platform designed for today’s innovative, technology-centric business models. Hundreds of AI, SaaS, cloud, and subscription businesses use Ordway to automate the quote-to-cash cycle with self-service checkout, subscription management, usage-based billing, revenue recognition, and investor reporting. To learn more visit www.ordwaylabs.com.

About Harbert Management Corporation

HMC is an alternative asset manager with approximately $7.8 billion in Regulatory Assets Under Management as of June 30, 2026. Founded in 1993, the firm is privately owned and serves a variety of institutional investors across multiple asset classes. Investment strategies include European and U.S. real estate, seniors housing, power, growth capital, and credit solutions. For additional information, visit www.harbert.net.

About Western Alliance Bank

Western Alliance Bancorporation is one of the country’s top-performing banking companies and has been ranked as a top U.S. bank by American Banker and Bank Director since 2016. Its primary subsidiary, Western Alliance Bank, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors. With $90 billion in assets and offices nationwide, Western Alliance excels at helping businesses of all sizes capitalize on their opportunities to solve today and succeed tomorrow. For more information on our offerings, subsidiaries and affiliates, visit Western Alliance Bank, Member FDIC, or follow us on LinkedIn.

Media Contact:

Ronjini Joshua
Silver Telegram
949-295-9779
[email protected]

SOURCE Ordway Labs

Capital will accelerate AI investments, strategic partnerships and global expansion

RICHMOND, Va., Aug. 5, 2026 — Faye, the leading AI-powered platform for travel protection, today announced it has raised $50M in Series C funding, bringing the company’s total funding to $100M. The round was led by Madrona, with participation from BRM and existing investors Portage, F2 Venture Capital, Viola Ventures and Lumir Ventures.

Faye, which became the fastest-growing and highest-rated travel insurance provider in the U.S. in just four years, will use the capital to accelerate its next phase of growth. This includes geographical expansion into new markets, growing partnerships with online travel agencies, airlines, cruise lines and other travel brands, and doubling down on AI to make underwriting, traveler assistance and claims faster, smarter and increasingly autonomous. By year’s end, the company expects AI to resolve more than half of all claims autonomously, with 75% of remaining claims completed on first touch.

The investment will also expand Faye’s travel fintech capabilities, building on Faye Wallet‘s success to make it more cost-effective for travelers to manage money throughout their journeys while also accessing the resources they need when navigating stressful moments away from home.

The funding follows a landmark year for Faye, including the opening of a new U.S. headquarters in Richmond, Virginia, recognition as a TIME Best Invention for the Faye app and being named one of U.S. News & World Report’s top travel insurance providers.

Faye Co-Founder & CEO, Elad Schaffer: “Travelers and travel distributors deserve more than traditional protection – they deserve a platform that anticipates their needs and supports them throughout their journey. Over the past year, we’ve done just that while also doubling our revenue and strengthening our position as the leader in AI-powered travel protection. This milestone represents our commitment to continuing that innovation, expanding globally and building the future of travel care for millions of travelers and partners worldwide.”

Madrona Managing Director, Steve Singh: “I’ve spent my career building in travel, and generational founders in this space are rare. The Faye team is that caliber. Travel is finally being rebuilt around the traveler, and Faye is emerging as the brand people reach for to take care of all their needs before, during, and after their trip. I’ve rarely seen a team this well-matched to the moment, and I’m excited to be in their corner.”

Madrona Partner, Chris Picardo: “The best insurance platforms of the future will excel at more than pricing risk – they will win by owning the customer relationship end to end for a magical experience. Elad is a generational founder and his amazing Faye team is building exactly that: a world class product, offering the best pricing and coverage for the modern traveler, and standing behind them when something goes wrong. It’s exciting to back Faye and their vision to provide the best traveler care in the world. We’re thrilled to lead this round and to partner with founders rethinking what the travel experience feels like.”

Reimagining Travel Protection
Launched in 2022, Faye has grown into the leading AI-powered travel protection platform, earning more than 20 industry awards while expanding beyond traditional travel insurance to combine protection, fintech, traveler care and travel intelligence in one seamless experience. Through the award-winning Faye app, travelers can purchase coverage in as little as 60 seconds, file claims digitally within minutes and receive approved reimbursements directly to their mobile wallets while in-trip. They can also tap into additional features, including telemedicine while traveling abroad, eSIM connectivity, lounge access, real-time concierge assistance and more.

That same innovation extends to Faye’s growing list of partners, with an end-to-end platform supporting distribution, servicing, claims and payments through the Faye Advisor Portal or fully embedded APIs. Travel agencies, airlines, cruise lines, OTAs and more gain greater visibility into traveler journeys while streamlining operations from booking through claims resolution.

Together, Faye’s traveler and partner experiences have earned thousands of five-star reviews, helping both sides navigate trip disruptions with faster solutions, smarter support and greater peace of mind.

About Faye
Faye is an award-winning travel platform that holistically looks after you when you’re away from home, through strong insurance, real-time intelligence and proactive financial solutions. Combining full coverage, 24/7 support, and near-instant payouts on common travel hiccups straight to your phone’s wallet, Faye has become the highest-rated, fastest-growing and most retentive travel protection provider among Americans. With a quick, friendly, and easy-to-understand approach, Faye has proudly been named a top travel insurance provider by The Wall Street Journal, a TIME Best Invention and a best travel insurance for families by CNBC. Learn more at www.withfaye.com.

About Madrona
Madrona invests in visionary founders and teams across stages from pre-seed to Series C. Founded in 1995 with a Series A investment in Amazon, the firm invests across the technology landscape with a focus on Applied AI, Infrastructure and beyond, from its offices in Seattle and Palo Alto. Madrona was an early investor in companies such as Snowflake, UiPath, Smartsheet, Rover, Redfin, Runway, Statsig, Unstructured and Apptio.

Contact:
Lauren Gumport
Vice President of Communications & Brand
[email protected]

SOURCE Faye

With the world’s staple crop under mounting climate & water stress, funding accelerates the deployment of its rice GeoAI platform to millions of smallholder fields

BENGALURU, India and NEW YORK, Aug. 5, 2026 — Deep-tech company Mitti Labs today announced a $9.5 million Series A round from investors including Aramco Ventures as lead investor, alongside Lightspeed India, Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle.

With this new funding, the company will expand its geographical footprint in India and launch greenfield projects in the Philippines and Indonesia. In parallel, Mitti Labs will scale its GeoAI platform, a satellite technology that fuses high-resolution synthetic aperture radar (SAR) data with field-collected ground truth and physical models to generate digital twins of Asia’s rice fields at the resolution of individual plots.

Rice feeds half the world daily, but growing it takes an outsized toll on the planet. As the world’s most water-intensive crop, rice consumes more than 30% of all irrigation water. Traditional farming practices where fields are continuously flooded also generate the emission of methane, a powerful greenhouse gas (GHG) responsible for one third of climate warming to date. 

Science-backed, low-cost transitions to alternate irrigation techniques cut water usage by close to 40%, and methane emissions by more than 50%, while maintaining yields when practiced safely and rigorously. 

“Growing more rice with less water is one of the world’s major challenges. Demand for rice continues to grow, but record heat and changing rainfall patterns are threatening water systems and endangering food security. With our technology and scalable operational model, we can transform how rice is grown, lower emissions and cut water consumption while building resilient livelihoods for 150 million smallholder farmers,” said Mitti Labs’ co-founder Xavier Laguarta.

The majority of the world’s rice is grown on fragmented plots of less than two hectares where reliable data on practices, yields, water use, and emissions does not exist. Mitti Labs’ GeoAI platform, developed with support from NASA, was built to address this gap. It leverages AI to transform raw SAR satellite data into field-level insights on crop health, soil moisture, and flooding. These insights are used to optimize irrigation practices that help conserve water and cut emissions across diverse rice varieties and agro-ecological zones. 

Zayed AlAmri, Executive Managing Director at Aramco Ventures, said, “Rice covers a fifth of Asia’s cultivated land, and it is both a major source of methane and one of the most water-intensive crops grown. Changing farming practices is not easy, but the harder part has been knowing what is actually happening in the fields across millions of small farms. That is what Mitti Labs’ AI and satellite technology aims to solve.”

“Solving the world’s water crisis requires bringing together smallholder farmers, industry stakeholders, governments, and nonprofits to transform how rice is grown. With its unique technology and vast network of farmer-partners, Mitti Labs can unlock new revenue opportunities tied to this transition and help build the future of rice,” said Hemant Mohapatra, Partner at Lightspeed India.

“As an investor deeply rooted in India, we know firsthand how critical water resilience is for farming communities. Mitti Labs has built a remarkable model that leverages technology towards securing the livelihoods of smallholder farmers. This model has the potential to reshape rice farming all over Asia,” said Burjis Godrej, Godrej Industries Group.

On the operational side, Mitti Labs has established a farmer-centered model that leverages this technology to implement the practice shift to Alternate Wetting and Drying (AWD) on a large scale. Since launching in 2023, Mitti Labs has scaled to deliver the largest AWD rice program globally. 

About Mitti Labs 

Mitti Labs combines satellite technology, AI and field operations to create a water and climate resilient future for rice farming. To date, its programs have saved 500 billion liters of water — the equivalent of Bengaluru’s annual supply. Customers include global technology, service, food and agriculture businesses such as Cool Effect, Ebro Foods, and Syngenta. Since launching in 2023, Mitti Labs has grown to 150 employees and secured $12.5 million from investors such as Lightspeed India, Aramco Ventures, Voyager Ventures, Godrej Industries Group, Cisco Foundation, Francis Family Fund, and Volta Circle. Visit mittilabs.earth to learn more.

SOURCE Mitti Labs

Partnership will support new branch openings, sales-team expansion and strategic acquisitions, with founder and CEO Drake Gordon continuing to lead the company

DALLAS, Aug. 5, 2026 — Corbel Capital Partners (“Corbel”) and Sea Pine Equity Partners (“Sea Pine”) announced their investment in Executive Exteriors (“Executive Exteriors” or the “Company”), a Texas-based provider of specialty roofing and exterior restoration services.

Founded in 2018 by Drake Gordon, Executive Exteriors provides specialty roofing, insurance-claim support and exterior restoration services to residential and commercial customers. The Company has built a differentiated reputation through its technical expertise, commitment to quality and ability to manage complex projects.

As part of the transaction, Gordon will retain a significant ownership stake and continue to serve as Chairman and Chief Executive Officer. The partnership combines Executive Exteriors’ established operating platform and industry expertise with the financial, strategic and operational resources of Corbel and Sea Pine.

The partnership will support continued investment in Executive Exteriors’ people, technology and infrastructure to support new branch openings, sales-team expansion and acquisitions of complementary roofing and exterior-services businesses.

“Executive Exteriors has reached an exciting milestone in its evolution, and finding the right partners was every bit as important as finding the right capital,” said Drake Gordon, Founder and Chief Executive Officer of Executive Exteriors. “From the beginning, our priority was building a true partnership that allows Executive Exteriors to remain founder-led while accelerating our long-term vision. Corbel and Sea Pine share our commitment to our people, our customers and our culture, and together we’re investing in the next phase of growth while continuing to build on the foundation that got us here.”

“Drake and his team have built a standout business with a strong reputation and meaningful runway to grow both organically and through acquisition,” said Bill Hobbs, Managing Partner of Sea Pine Equity Partners. “We are proud to partner with Drake and Corbel to support the Company’s next phase of growth and help build a leading platform in specialty roofing and exterior services.”

“Executive Exteriors is an excellent example of the founder-led businesses Corbel seeks to support alongside experienced independent sponsors,” said Sean McKelvey, Managing Director at Corbel Capital Partners. “Drake and his team have built an impressive business with a compelling service offering and a strong foundation for growth. We look forward to supporting the Company as it executes its growth strategy.”

Aviara Partners served as exclusive placement agent for Sea Pine.

About Executive Exteriors

Founded in 2018 and headquartered in the Dallas–Fort Worth area, Executive Exteriors provides specialty roofing, insurance-claim support and exterior restoration services to residential and commercial customers.

For more information, visit www.exeext.com.

About Corbel Capital Partners

Corbel Capital Partners is a Los Angeles-based independent investment firm that provides flexible debt and equity capital to lower-middle-market businesses. Corbel partners with management teams, business owners and financial sponsors to create tailored capital solutions and support long-term value creation. Corbel manages more than $1 billion of institutional capital.

For more information, visit www.corbelcap.com.

About Sea Pine Equity Partners

Sea Pine Equity Partners is a Florida-based private equity firm focused on lower-middle-market service companies. Sea Pine partners with founders and management teams, providing capital and other resources to accelerate growth while preserving the existing culture. The firm invests across business, consumer, industrial, healthcare, and technology-enabled services.

For more information, visit www.seapineequity.com.

[email protected]

SOURCE Corbel Capital Partners

STOCKHOLM, Aug. 5, 2026 —

• ICEYE, headquartered in Finland since 2014, owns and operates the world’s largest synthetic aperture radar satellite constellation
• The funding round – which was co-led by the Scaleup Europe Fund – included €450 million of primary proceeds from Series F at a valuation exceeding €10 billion
• The investment demonstrates strong early momentum for the Scaleup Europe Fund – which has a €5 billion target size – as it begins backing Europe’s most promising technology companies and works to bridge the continent’s scaleup funding gap

EQT today announced that the Scaleup Europe Fund, has completed its first investment by co-leading ICEYE’s Series F funding. The investment forms part of ICEYE’s recently announced €1 billion financing round, which includes a €450 million primary investment at a valuation exceeding €10 billion. 

ICEYE is Europe’s leading provider of sovereign intelligence from space, founded in Finland in 2014. The company has built a strong European footprint, with significant operations in Finland, Poland, Spain and Greece, and has recently expanded further with the establishment of new European entities in Germany and Portugal.

ICEYE owns and operates one of the world’s largest and most advanced synthetic aperture radar satellite constellations and currently delivers end-to-end sovereign systems for seven European governments. ICEYE recently delivered a fully operational sovereign satellite capability to Poland less than twelve months after contract signing, setting a new benchmark for deployment speed.

“Our first investment reflects exactly what the Scaleup Europe Fund was created to support: ambitious European founders building globally competitive companies in strategically important technologies. ICEYE has already established itself as a category leader, and we’re excited to partner with Rafał and the team as they continue scaling from Europe to the world,” commented Victor Englesson, Partner at EQT and Co-Head of the Scaleup Europe Fund. 

“Europe has the talent, technology and ambition to build globally leading companies in strategically important industries. Our own journey reflects that. My co-founder Pekka Laurila and I met as students on an Erasmus exchange, received our first funding through Horizon 2020, and we are grateful for the European Commission’s role in initiating the Scaleup Europe Fund. We are pleased to welcome EQT as a long-term partner through the fund, as we continue to expand our sovereign intelligence capabilities from Europe for customers across Europe and globally,” said Rafał Modrzewski, Co-founder & CEO, ICEYE. 

The ICEYE investment is a clear illustration of the Scaleup Europe Fund’s strategy: partnering with Europe’s most promising technology companies in sectors spanning artificial intelligence, quantum computing, dual use technologies, clean energy, space technology, biotech and medical innovation. The Scaleup Europe Fund was established to help address Europe’s long-standing growth capital gap by supporting companies developing strategically important technologies and enabling them to scale globally while remaining anchored in Europe.

Ursula von der Leyen, President of the European Commission, added: “When Europe invests in its innovators, Europe invests in its future. This is the goal of our Scaleup Europe Fund: it will ensure our scale-ups can find what they need right here in Europe to grow into world-leading companies. To turn European innovation into our competitive edge.” 

The transaction is subject to customary regulatory approvals and other closing conditions.

Contact
EQT Press Office, [email protected]

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The new location will support the company’s expansion of satellite-enabled telehealth and emergency medical technology solutions

FAIRFAX CITY, Va., Aug. 4, 2026 — Fairfax City Economic Development (FCED) announced that MedVoyage Global Inc, a Taiwan-headquartered global leader in satellite-enabled healthcare technology, has selected the Mason Enterprise Center (MEC) Fairfax for its first United States headquarters. The new location marks MedVoyage’s expansion into the North American market and further strengthens Fairfax City’s role within Northern Virginia’s innovation economy.

MedVoyage develops low-latency, satellite-enabled healthcare platforms connecting medical providers with remote patients, maritime vessels, and emergency response units worldwide. Powered by dual 24/7 global command centers in North America and Asia, the company’s platform processes over 150,000 emergency and remote telehealth cases annually across 80+ medical centers in 40 countries. With real-time streaming, high-reliability, low-Earth-orbit satellite integration, and AI-driven clinical support, MedVoyage ensures uninterrupted digital care and automated pharmacy management in extreme or off-grid environments.

The Fairfax City office will drive MedVoyage’s U.S. sales, system engineering, and regulatory compliance operations. Over the next two years, the company plans to scale its local workforce with systems engineers, clinical compliance specialists, and commercial sales executives.

This business attraction effort originated through the Virginia Economic Development Partnership and the Northern Virginia Economic Development Alliance, of which Fairfax City Economic Development is a member. Following an evaluation of regional technology hubs, MedVoyage selected the MEC Fairfax for its business incubation, growth resources, and soft-landing services designed to help international companies establish and grow their presence in the U.S. market.

“Selecting Fairfax City for our U.S. headquarters is a foundational step in our global scaling strategy,” said Nemo Teng, CEO of MedVoyage Global Inc. “MEC Fairfax offers the ideal soft-landing environment and unparalleled access to the Northern Virginia tech ecosystem, placing us minutes away from critical federal and defense stakeholders such as the U.S. Coast Guard, Department of Health and Human Services, and the Department of Defense. This facility allows us to rapidly build strategic U.S. partnerships, access premier regional engineering talent, and deploy our emergency and maritime telehealth solutions across North America.”

Located in the center of Northern Virginia, the MEC provides business incubation, growth resources, and soft-landing services that help startups and international companies establish and grow their operations. MedVoyage’s investment further strengthens Fairfax City’s reputation as a destination for companies advancing healthcare, artificial intelligence, aerospace, and emerging technologies.

“MedVoyage’s decision to establish its first U.S. headquarters in Fairfax City reflects the strength of our innovation economy and the collaborative business environment we’ve built,” said Colleen Kardasz, CEO and Director of Fairfax City Economic Development. “From connecting international companies with regional resources to supporting their long-term growth, our goal is to provide a strong foundation for business investment. We look forward to working alongside MedVoyage as it builds its U.S. presence from Fairfax City.”

MedVoyage’s lease at the MEC took effect on August 1. The office is located at 10300 Eaton Place, Suite 474. For more information about the MEC, please visit mec-fairfax.org.

About Fairfax City Economic Development
Fairfax City Economic Development is a collaboration between the Fairfax City Economic Development Department and the Fairfax City Economic Development Authority, an independent agency administered by a commission appointed by the City Council to promote economic development activity within Fairfax. Fairfax City Economic Development helps attract businesses to the city, encourages and develops programs that foster connections between businesses, residents, and visitors of Fairfax City, and spearheads innovative programs and strategies devoted to positioning Fairfax City as an ideal location to start, grow, and scale a business. It is a founding member of the Northern Virginia Economic Development Alliance. Learn more at gofairfaxcity.com. 

SOURCE Fairfax City Economic Development