TORONTO, May 27, 2026 — MaxWave Capital Inc. (“MaxWave”) today announced a strategic investment in Arken Innovations Inc. (“ARKEN”), a Canadian deep-tech company building industrial decision intelligence through its proprietary Knowledge Fusion Engine™.

The investment extends beyond a portfolio position. For MaxWave, ARKEN becomes part of the firm’s operating infrastructure, embedded across diligence, portfolio operations, and value creation, so that the analytical capability developed through one transaction compounds intelligently across the broader platform.

The Discipline Private Markets Now Require

Private markets are expanding rapidly. New vehicles, new investor types, and broader distribution have extended access significantly. But scale changes the economics of decision-making, and access without discipline produces a different category of risk. The industry’s most durable competitive advantage has never been leverage or deal flow — it has been the quality, rigor, and consistency of decisions made under uncertainty.

In the industrial sectors MaxWave targets — defence, energy, healthcare, and advanced manufacturing — the cost of fragmented knowledge and poor decisions is not measured in basis points. Gartner estimates poor data quality alone costs organizations an average of $12.9 million annually — before accounting for the decisions made on information that was incomplete, fragmented, or simply wrong. In high-stakes operational environments, those are not productivity losses. They are safety incidents, compliance failures, and mission breakdowns.

ARKEN’s Knowledge Fusion Engine™ addresses this directly by transforming fragmented data, documentation, and institutional expertise into structured, auditable, and goal-aligned operational intelligence. Built on Goal-Oriented Knowledge Management (GOKM) — a methodology refined over two decades — ARKEN makes decisions traceable, explainable, and measurable in environments where that rigor is non-negotiable.

A Differentiated Operating Thesis

For MaxWave, this investment reflects a foundational conviction: that markets systematically misprice complexity, compliance, and knowledge fragmentation — and that unlocking value in modern industrial businesses requires not only capital and operational expertise, but a new decision infrastructure.

“Private equity has traditionally relied on experience, pattern recognition, and operational playbooks. What ARKEN enables is the institutionalization of decision-making itself — not as a concept, but as deployable infrastructure. When knowledge, human expertise, and outcomes are fully traceable and compounding across a portfolio, the gap between what passive capital can observe and what an embedded operating model can execute against becomes structural. That is our operating model.”
— Dr. Peter J. Balafas, Managing Partner, MaxWave Capital

Built for Environments Where Being Wrong Is Not an Option

Most AI platforms are built to generate answers. ARKEN is built differently. Its architecture separates probabilistic perception — where the intelligence lives — from a deterministic decision layer where governance is enforced. The system surfaces its own uncertainty at every point of user interaction, because hiding that uncertainty does not eliminate the liability. It transfers it invisibly to the operator.

This is not a design philosophy. It is an architectural constraint. ARKEN treats the underlying intelligence as a probabilistic component and wraps deterministic governance around it — so that in regulated industries, users always know what the system knows, what it does not know, and what it is not permitted to decide on their behalf.

“In the industries we serve — maritime, defence, healthcare, legal — a wrong answer isn’t a bad user experience. It’s a grounded vessel, a missed compliance window, a patient harmed. Most AI platforms will give you an answer. ARKEN is built to know when not to. Refusal, traceability, and governance are the foundation, not features. That’s why MaxWave’s partnership matters — we’re setting the standard for decisions where being wrong is not an option.”
— Sam Sanandaji, Founder and CEO, Arken Innovations

Together, MaxWave and ARKEN will embed decision infrastructure across investments, operations, and portfolio companies — advancing a model for private market value creation built on operational co-ownership, engineering-grade diligence, and institutional-grade accountability.

Media Contact

Corey Mattie | Partner, MaxWave Capital Inc.

[email protected] | (902) 943-5091

About Arken Innovations Inc.

Arken Innovations is a Canadian deep-tech company building governed decision intelligence for regulated industries where operational failures carry irreversible consequences. Its Knowledge Fusion Engine™ — ARKEN’s probabilistic retrieval and synthesis layer — operates within a deterministic governance envelope that enforces authorization, source-traceability, audit, and governed refusal. Hiding model uncertainty does not reduce liability; it transfers it invisibly to the operator. ARKEN’s governance layer cannot be overridden by probabilistic outputs. Engineered for aerospace & defence, healthcare, maritime, energy, advanced manufacturing, and legal environments. Learn more at www.thearken.com

About MaxWave Capital Inc.

MaxWave Capital is an operator-led Independent Sponsor focused on control-oriented investments and special situations across North America and selectively across the UK and broader EMEA. Built by founders with backgrounds in deep technology, capital markets, and complex cross-border transactions — with collective experience spanning over nine completed transactions across 15+ countries and more than $5 billion in aggregate transaction value — MaxWave targets businesses that are structurally mispriced, operationally challenged, or undergoing transition: situations where engineering-grade diligence and operational co-ownership unlock value beyond the reach of passive capital. Current portfolio positions span high-stakes AI, market-integrity intelligence and regtech, and technology-enabled industrial platforms. Learn more at www.maxwavecapital.com

SOURCE MaxWave Capital Inc.

Strategic Partnership Will Fuel Growth While Maintaining Focus on Quality

NORTH CANTON, Ohio, May 27, 2026 — Captive Radiology, a leading provider of turnkey diagnostic imaging solutions, today announced a strategic growth investment from RC Capital, a healthcare-focused growth investment firm. This partnership enables Captive Radiology to accelerate its expansion, enhance service capabilities, and continue delivering high-quality imaging solutions that improve patient access to critical diagnostic imaging and theranostic services.

The partnership comes at a time of increasing demand for advanced diagnostic imaging services, particularly in specialized areas such as the emerging theranostic space. Captive Radiology has been at the forefront of this trend, recently expanding into PET-CT imaging for prostate cancer detection and monitoring, as well as other critical applications across additional specialties.

Founded in 2003, Captive Radiology has built a reputation for excellence in providing comprehensive imaging solutions, including project management, operations management, staffing, quality assurance, and state-of-the-art imaging equipment. The company currently operates more than 30 imaging partnerships across nearly 20 states, serving hospitals, physician groups, and specialized healthcare facilities. Dave Kelly will continue as an owner and leader of the business, ensuring continuity of the company’s mission and values.

“We’ve experienced tremendous growth over the past several years, and this partnership with RC positions us to meet the demand from even more healthcare partners and their patients,” says Dave Kelly, CEO of Captive Radiology. “RC Capital shares our commitment to improving patient outcomes through better access to diagnostic imaging. Their deep healthcare expertise and growth-focused approach make them the ideal partner as we enter this exciting next chapter. I’m energized to continue leading this business alongside our talented team.”

RC Capital’s investment reflects the firm’s focus on building high-potential healthcare companies that improve delivery of care and patient outcomes. With over 30 years of experience in healthcare investing, RC Capital brings extensive domain expertise in healthcare services and medical devices, a unique combination that aligns perfectly with Captive Radiology’s integrated approach to diagnostic imaging.

“Captive Radiology represents exactly the type of company we seek to partner with. It is a business with a proven track record, strong growth momentum, and an unwavering commitment to quality patient care,” says Carter McNabb, Managing Partner at RC Capital. “Dave and his team have built an exceptional business that addresses a critical need in the healthcare system. We’re excited to support their vision for expansion while preserving the customer-first culture and operational excellence that have made Captive so successful to date.”

Vitaly Goldfeder, Principal at RC Capital, added, “Healthcare providers increasingly need long-term partners who can deliver these solutions quickly and efficiently. Captive Radiology’s full-service model is accelerating access to innovative theranostic modalities that are becoming the standard of care across more areas of the healthcare ecosystem. We look forward to working with Dave and the entire Captive Radiology team to accelerate growth across the country.”

About Captive Radiology

Captive Radiology specializes in providing high-quality, turnkey imaging solutions  to improve access to and enhance the timeliness of best-in-class patient care. The company handles every aspect of radiology integration, ensuring seamless execution from planning to implementation. With a comprehensive service approach that includes project management, operations management, radiology staffing, quality assurance, and state-of-the-art equipment, Captive Radiology has served hospitals and physician groups since 2003. The company currently operates over 30 imaging partnerships across nearly 20 states, providing PET-CT, MRI, and other advanced diagnostic imaging and theranostic services. Captive Radiology’s mission is to improve partners’ ability to diagnose and treat patients in a more timely, cost-effective manner while always placing partners’ needs first. For more information, visit www.captiveradiology.com.

About RC Capital

RCC is focused on building high-growth businesses that empower sustainable change in healthcare. We seek to be a business partner first and a capital provider second, investing significant human capital to leverage our domain expertise, our network of healthcare thought leaders and deep relationships with health systems assembled over our 30+ year history. For more information, visit www.rccf.com.

Contact:
Captive Radiology
Dave Kelly, CEO
(330) 966-0500
[email protected]

SOURCE Captive Radiology

TL’s nonprofit venture model transforms philanthropic capital into local investment and a permanent funding engine for San Diego

SAN DIEGO, May 27, 2026 — TL Foundation, San Diego’s philanthropic venture fund, named Kris Lichter as chief executive officer to lead the next phase of the region’s economic and innovation funding engine. TL Foundation is bringing together San Diego leaders across all sectors to establish an evergreen source of capital that will grow over time, enabling local innovative companies to start, scale and transform San Diego’s future. (https://SanDiegoTLF.org)

San Diego is one of the nation’s leading innovation hubs, with world-class companies, talent and research. TL Foundation was created to accelerate and expand that capability by putting philanthropic funding to work into San Diego’s most promising startups. As these companies grow, they and their employees contribute to the broader community.

When a TL portfolio company reaches a successful outcome or exit, all proceeds return to the fund for reinvestment for further deployment across the San Diego innovation ecosystem. This investment flywheel expands the evergreen capital base and creates a more self-reliant regional economy. Over time, a $15 million fund can become $100 million, then $300 million. Every success helps fund the next one with a positive impact throughout the community.

“San Diego has extraordinary people and companies that care deeply about this city. They have chosen to build their businesses and raise their families here. They’re committed to this town and we’re committed to them,” Lichter said. “Our opportunity is to put capital to work that empowers our local entrepreneurs to accelerate their value creation and success, which enables San Diego to grow stronger and more capable far into the future. This is built by San Diegans for San Diegans.”

A San Diego native, Lichter said the work is deeply personal and rooted in socioeconomic best practices from his global experience. Families seek to build their lives in places with strong job opportunities, quality education, vibrant communities and a stable foundation. When those elements are in place, the region becomes more self reliant, sustainable and future proof.

Lichter brings more than two decades of experience leading and investing in emerging technology initiatives and scaling innovation worldwide. He previously served as chief executive officer of Ardica Technologies and held senior global roles at IBM. He is also an operating partner at Victory Six Advisors and co-founder of DuMonde Ventures.

“Kris brings the rare combination of local commitment, operating experience and global perspective that this moment requires,” said Andy Ballester, chairman of TL Foundation. “San Diego has strong innovation activity right now. Kris understands how to scale it and continue advancing a system that supports company growth and long-term regional success.”

TL Foundation’s initial funding has been led by San Diego philanthropists Buzz Woolley and Malin Burnham, with support from many of the city’s leaders in startups, technology and life sciences. In just over a year, TL has invested in six high-potential companies: Condor Software, Looq, Papillon Therapeutics, Resolute Science, Proper Voltage and Welby Health. These early efforts show how local capital drives company growth, job creation and broader economic strength.

Under Lichter’s leadership, TL Foundation will focus on expanding its capital base, increasing the pace of investment and broadening participation across the community.

“TL started as a unique idea that had never been done before. Kris is the right person to help grow this into something much bigger for San Diego,” said Mike Krenn, managing director of Prebys Ventures and founder of TL Foundation. “We’re asking people building across San Diego to step in and help. This is a rare opportunity where a donation can grow over time and keep giving back. The more we invest now, the faster we can grow something truly significant. If you share TL’s vision and are committed to San Diego’s future, we want to hear from you.”

Get involved by contacting the TL team at [email protected] and visiting https://SanDiegoTLF.org.

Media Contact:
Michele Moninger
858-450-9872
[email protected]

SOURCE TL Foundation

Co-founders Ashley Fields and Kim Anderson Debut Three Soft-Baked Cookies With Benefits, Crafted to Support Focus, Protein and Sleep Without Sacrificing Taste or Texture.

AUSTIN, Texas, May 27, 2026 — Fields Good, a new functional cookie brand founded by Ashley Fields, daughter of Debbi Fields (founder of Mrs. Fields Cookies), and Kim Anderson, debuts today with three ready-to-eat cookies designed to support focus, protein, and sleep without sacrificing taste or texture. Backed by a $1.8 million pre-seed round led by Female Founders Fund, the brand introduces a new kind of cookie: one that delivers the nostalgic, homestyle experience people love, with smart ingredients designed for how they want to feel. Pre-order is available today at fieldsgood.co.

A second-generation baker, Ashley Fields has spent her career building consumer brands and saw a clear gap: many “better-for-you” snacks prioritize function over flavor, while more indulgent options offer short-lived enjoyment. Fields Good exists to deliver both. Fields spent more than two years and thousands of recipe iterations developing the Fields Good lineup, with a single non-negotiable: the functional ingredients had to disappear into the cookie.

“I want more from my food, but not at the cost of enjoying it,” said Ashley Fields, co-founder of Fields Good. “I grew up baking, and I’ve always loved what a great cookie can do. It lights people up. It makes them slow down. That had to come first. Feeling good comes with it, not instead of it.”

Fields Good launches into a moment of historic wellness spending. Americans alone spend more than $2.1 trillion on wellness annually, and the global category has doubled in the last decade, according to the Global Wellness Institute. Consumers are stacking new priorities, from sleep and protein to focus, longevity, and GLP-1s, into ordinary days alongside the foods they love. Fields Good is built for that consumer: someone who wants a treat, and wants it to count for something.

Debut offerings include:

• Focus Cookie: Decadent chocolate with just enough espresso to deepen the richness in this soft-baked cookie, finished with a touch of sea salt. Made with brain-supporting ingredients including 3g of creatine and 250mg of clinically-studied Cognizin^® citicoline, our Focus Cookie supports improved focus and attention.
• Sleep Cookie: Ditch the gummies and pills and wind down a more delicious way. Old-fashioned oats, warm spice, and plump raisins make for a soothing, cozy flavor. Made with 250mg of L-theanine to help you rest and relax.
• Protein Cookie: Classic, craveable peanut butter with a soft, bakery-style texture. Packed with 10G of protein and 4G of fiber to help power your day. It’s comfort food that works as hard as you do.

“Fields Good is rooted in the belief that flavor and function don’t have to compete,” said Kim Anderson, Co-Founder of Fields Good. “After 20 years of friendship, Ashley and I wanted to build something better. Together, we’re upgrading the classics with functional nutrients our brains and bodies actually want and need.”

The brand raised $1.8 million in pre-seed funding led by Female Founders Fund. Fields Good will use the capital to scale its direct-to-consumer business, expand into TikTok Shop and Amazon, and build toward national retail distribution. This investment allows Fields Good to do what it set out to do from day one: reimagine America’s most nostalgic treat into something that meets how consumers live today without compromising on taste, texture, or feeling.

“We led this round because Fields Good answers a real cultural moment: people want comfort and performance from the same product, and very few brands deliver both,” said Anu Duggal, Founding Partner of Female Founders Fund. “Ashley and Kim have built a cookie that holds onto the warmth and nostalgia we all associate with the category, paired with the functional ingredients today’s consumer is already building into their daily routine. It’s a brand for the way people actually want to eat now.”

Fields Good is built on a simple belief: a cookie should be one of the best parts of your day. “A cookie should feel like a reward, not a tradeoff,” said Fields. “So, go ahead, eat your cookie and feel it too.”

For more information visit fieldsgood.co or connect with the brand @fieldsgoodco on Instagram or TikTok.

About Fields Good
Headquartered in Austin, Texas, Fields Good is a modern functional cookie brand founded by Ashley Fields and Kim Anderson. Built on the belief that a delicious cookie should be one of the best parts of your day, Fields Good creates soft-baked, ready-to-eat cookies designed to support how you move, think and rest without sacrificing taste or texture. The brand pairs nostalgic, homestyle flavor with smart ingredients to bring together comfort and function in one bite.

SOURCE Fields Good

LOS ANGELES, May 27, 2026 — Ember LifeSciences, Inc., (“Ember”) a leading provider of revolutionary cold chain technology, today announced strategic investments from Amgen Ventures, the corporate venture arm of Amgen (NASDAQ: AMGN) a leading global biotechnology company and TDF Ventures, a venture capital firm focused on early-stage investments in enterprise-focused technology sectors.

The investments follow Ember LifeSciences’ previously announced Series A financing led by Sea Court Capital and comes as the company announces full commercial availability of the Ember Cube 2, an award-winning, reusable, modular solution designed to bring greater control and visibility to cold chain logistics through real-time monitoring and cloud-based tracking.

“Investments from Amgen and TDF Ventures provide us with the deep industry insights needed to scale our logistics platform rapidly,” said Clay Alexander, founder and CEO of Ember LifeSciences. “Their investments mark a turning point as we expand our global footprint and bring a new level of precision to healthcare delivery.”

The pharmaceutical cold chain faces billions of dollars in annual losses due to temperature excursions, a problem that the industry is under more pressure to solve as more medicines and vaccines require temperature-controlled distribution. Ember aims to address these challenges through its reusable shipping platform. Its latest Ember Cube 2 was recently named “Best of the Best” by the Red Dot Award for product design.

Ember’s existing customers and investors include leading pharmaceutical distributors and pharmacies including CVS Health, Cardinal Health, Chartwell and USADA. In addition to the Ember Cube 2, its product suite includes the flagship Ember Cube, which was named a 2024 TIME Magazine Invention of the Year and a 2024 Fast Company World Changing Idea. 

Financial terms of the new investments were not disclosed. The company’s total Series A funding to date now stands at $27 million.

About Ember LifeSciences
Ember LifeSciences initially launched as an offshoot of Ember Technologies’ “Ember,” the design-led temperature control brand and maker of the award-winning temperature control mug, which has surpassed half a billion dollars in total sales to date. Ember LifeSciences seeks to redefine global medicine distribution through leveraging Ember’s proprietary temperature control technology to improve the way we transport life-saving medicines and vaccines around the world. To learn more about Ember LifeSciences, visit emberlifesciences.com.

Media Contact
Meghan Bianco
609-544-5446
[email protected]

SOURCE Ember LifeSciences

• Slamcore has increased its total funding to $40M and demonstrated rapid market traction, scaling to hundreds of units across more than 30 facilities in under two years.
• The company’s Slamcore Aware and Alert solutions utilize proprietary AI and stereo cameras to provide immediate site safety and fleet efficiency improvements without requiring expensive facility modifications or additional infrastructure.
• By tracking vehicles across real-world industrial environments at scale, Slamcore is generating the massive datasets required to serve as a critical building block for the next generation of Physical AI.

LONDON, May 27, 2026 — Slamcore, a leader in spatial intelligence software, today announced a $14 million funding round from top investors, including ROKStar Ventures, a subsidiary of Rockwell Automation, a global leader in industrial automation and digital transformation. The round brings Slamcore’s total funding to $40M, with backing from investors including Toyota Ventures, Interwoven Ventures, MMC Ventures, Amadeus Capital Partners and IP Group.

The investment arrives as global industrial operators face an urgent dual challenge: the need for productivity gains amid rising safety risks on factory and warehouse floors. Despite significant investment in automation, many facilities remain digitally dark regarding their manual fleets. According to the Occupational Safety and Health Administration, between 35,000 and 62,000 forklift-related injuries occur each year in the United States, resulting in an average of two fatalities every week. This safety risk exists alongside significant inefficiency, with forklifts productive for less than half of their total operating time. Despite heavy technology investment, most sites still lack real-time visibility into vehicle location and performance.

Slamcore has built the solution. Using a stereo camera and proprietary visual AI, Slamcore’s technology continuously tracks the position and behavior of any vehicle in a facility without GPS, beacons, floor markers or any other infrastructure. Slamcore Aware gives operations managers facility-wide visibility of every vehicle, enabling smarter utilization, faster investigations and meaningful reductions in idle time. Slamcore Alert monitors driver behavior and proximity to pedestrians and structures, catching the near misses before they become incidents.

“Operations managers in factories and warehouses have largely been flying blind when it comes to their manual fleets. Slamcore Aware and Slamcore Alert change that from day one, without disruption to existing operations,” said Owen Nicholson, CEO, Slamcore. “ROKStar Ventures’ investment tells us that the industry’s most sophisticated players see this as a foundational infrastructure, not just another point solution. As our footprint grows, so does a body of real-world operational data that does not exist anywhere else and that will become the backbone for the next generation of physical AI.”

“Delivering visual AI that performs reliably at the scale and complexity of a real factory or distribution center is a genuinely hard problem,” said Ryan Gariepy, vice president of Robotics at Rockwell Automation. “Most approaches either require significant infrastructure investment or fail to hold up in the dynamic, unpredictable conditions of an active facility. The potential for the same technology platform to work on every class of autonomous and human-operated industrial vehicle is key. We’re also incredibly excited about their ability to scale without requiring complex and time-consuming vehicle or facility redesigns.”

Jim Adler, Founder and General Partner at Toyota Ventures and a Slamcore board member since the company’s earliest days, sees the long-term data opportunity as equally significant as the products themselves, stating: “At Toyota Ventures, we believe safety and efficiency go hand-in-hand. Slamcore Aware and Alert have proven this today, but their long-term potential is even more compelling. Each Slamcore deployment generates real-world operational data, which will train the next generation of physical AI models.”

Operations teams looking to improve fleet visibility and reduce forklift incidents can learn more at slamcore.com.

ABOUT SLAMCORE
Slamcore is a spatial intelligence company headquartered in London. The company’s proprietary visual AI uses a stereo camera to track the position and behavior of vehicles in factories and warehouses, without additional infrastructure. Its products, Slamcore Aware and Slamcore Alert, are deployed across more than 30 facilities in Europe and North America. Slamcore is backed by investors including Rockwell Automation Ventures, Toyota Ventures, Interwoven Ventures, MMC Ventures, Amadeus Capital Partners and IP Group.

Media contact: Milica Tallier, [email protected]

Logo – https://mma.prnewswire.com/media/2988103/Slamcore_Logo.jpg

Round backed by existing investor Eurazeo accelerates Olyzon’s agentic transformation of CTV media buying for brands including Mastercard, Audi, and McDonald’s, with new product milestones, and global team expansion

NEW YORK and PARIS, May 27, 2026 — Olyzon, the agentic decisioning layer for CTV advertising, today announced the close of a $10 million Series A funding round led by S4S Ventures, the firm co-founded by Sanja Partalo and Sir Martin Sorrell. Existing investors Eurazeo and others participated.

S4S Ventures invested behind a specific thesis: the infrastructure layer for CTV media buying has yet to be built. Olyzon is building that missing layer.

The funding will accelerate Olyzon’s mission to build the agentic platform for the future of CTV buying: where AI agents continuously qualify the CTV universe, plan media across every pipe, activate decisions into existing DSPs, SSPs, and direct publisher ad servers, and normalize signals from every measurement source into composite KPIs and learn from every campaign to continuously close the optimization loop. Olyzon’s platform is already live with Publicis, WPP, OMD, Mastercard, Loewe, Audi, McDonald’s, and DoorDash, among others.

“Olyzon sits at the intersection of two forces reshaping our industry: the agentic AI revolution and the consolidation of CTV onto programmatic infrastructure,” said Sir Martin Sorrell, Co-Founder of S4S Ventures and Executive Chairman of S4 Capital. “Their platform doesn’t replace existing DSPs or measurement partners, it orchestrates them with a speed and precision that human teams alone cannot achieve. We are proud to lead this round.”

“The CTV media buying stack has been missing a true intelligence layer, one that connects planning, activation, and measurement into a single agentic platform,” said Sanja Partalo, Co-Founder and Managing Partner, S4S Ventures. “Olyzon combines deep trading expertise with a purpose-built agentic architecture to fill that gap. They are delivering measurable results for some of the most demanding agencies and brands in the market.”

“CTV has scaled fast, as pipes multiplied, formats exploded, and measurement fragmented,” said Jules Minvielle, co-founder and CEO, Olyzon. “The decisioning layer never kept pace. Now, AI agents that can finally reason across the chaos have reached production maturity, and that’s exactly the moment Olyzon was built for.”

The Series A will also fund the expansion of Olyzon’s US operations and the opening of a London office, extending the company’s presence into EMEA ahead of Cannes Lions. The company will share further updates on product and partnerships at Cannes Lions in June.

About Olyzon

Olyzon is the agentic decisioning layer for CTV advertising — delivering the attention leading global brands deserve. Headquartered in Paris with offices in New York and London, Olyzon builds AI agents that qualify, plan, activate, and prove TV media across every CTV pipe: from premium streaming to YouTube, walled gardens, OEM platforms, and direct publisher inventory. Olyzon’s clients include leading agencies, brands, and trading desks across Europe and North America. For more, visit olyzon.tv. Thrive with All Eyes on TV.

About S4S Ventures

S4S Ventures is a venture capital firm investing in early-stage companies across adtech, martech, and applied AI. Co-founded by Sanja Partalo, Sir Martin Sorrell, Scott Spirit, and Daniel Pinto, S4S benefits from the operational and commercial network of S4 Capital, Monks (7,000+ people across 33 countries), and Stanhope Capital Group. Portfolio companies include Runway, ID5, Newton Research, and tvScientific (acquired by Pinterest). For more, visit s4sventures.com.

About Eurazeo

Eurazeo is a leading global investment group with €39bn in diversified assets under management, including €30bn on behalf of institutional and private clients through its private equity, private debt, real estate and infrastructure strategies. The Group supports around 700 companies, leveraging the commitment of its over 450 employees, its sector expertise, its privileged access to global markets via 14 offices in Europe, Asia and the United States, and its responsible approach to value creation based on growth. The company’s institutional and family shareholding structure, and its solid financial structure, ensure its long-term viability. For more, visit eurazeo.com/en.

Press Contact

[email protected]

SOURCE Olyzon

SHANGHAI, May 27, 2026 — Viewtrix Technology, a portfolio company of Qiming Venture Partners and a leading display chip design enterprise in China, successfully listed on the Hong Kong Stock Exchange, marking the sixth IPO for Qiming Venture Partners since the beginning of the year. Viewtrix Technology (03310.HK) offered its shares at a price of HK$20.81 per share and opened at HK$25.48 per share with a market capitalization of HK$10.9 billion.

As early as 2019, Qiming Venture Partners led the Series C financing of Viewtrix Technology and continued to support the company’s development in the subsequent Series D financing.

Founded in 2012, Viewtrix Technology is committed to providing reliable and high-performance display driver solutions for consumer electronics brands. Adopting a Fabless business model, the company offers AMOLED display driver chips mainly for smartphones and Micro-OLED display backplanes/drivers mainly for VR/AR devices. With years of technological accumulation and product iteration, Viewtrix Technology has firmly established itself as a key player in the display driver chip industry. It is not only the first company based in Chinese mainland to receive brand company certification for AMOLED DDICs, but also the only one to have shipped over 10 million units to these companies.

Viewtrix Technology’s AMOLED DDICs have been mass-produced and delivered to various top smartphone companies globally featuring in over 10 different product series. These smartphone companies collectively hold more than a quarter of the global market share. According to Frost & Sullivan, Viewtrix Technology is the fifth-largest supplier, and the largest Chinese mainland-based supplier, in the global smartphone AMOLED DDIC market in terms of sales volume in 2024. In addition, Viewtrix Technology is a key supplier in the Micro-OLED display backplane/driver, ranking second in global sales volume, and it is also the largest independent supplier headquartered in China in this field.

Alex Zhou, Managing Partner of Qiming Venture Partners stated: “In 2019, China’s semiconductor industry was entering a period of rapid growth, and China’s mobile phone industry had taken a leading position globally. Tracing upstream from downstream terminal demand, the display chip sector featured strong industrial logic and growth potential. Back then, Viewtrix Technology focused on the core business of display driver chips, which highly aligned with our investment thesis and represented a promising niche segment we were very optimistic about. During the seven years partnering with Viewtrix Technology, Qiming Venture Partners has stood by the company with a long-term mindset, supporting it all the way to its IPO. Today, Qiming Venture Partners maintains an increasingly focused investment strategy, sticking to our proven circle of competence and steadily executing our investment layout. In the technology investment sector, Qiming Venture Partners has long been committed to two core investment themes: First, artificial intelligence, as a General Purpose Technology, will surely reshape all industries. Second, China’s world-class capabilities in product design, engineering R&D, and advanced manufacturing deliver global competitiveness. Anchored by these two themes, we will focus on two key areas: AI technology and industrial applications, and hard tech.”

About Qiming Venture Partners
Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Hesai Technology, UBTech, WeRide, HyperStrong, Insta360, Unisound, Biren Technology, Z.ai, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, Insilico Medicine, AusperBio, Yuanxin Technology, Medilink Therapeutics, LaNova Medicines, StepFun, among many others.

The report finds that venture debt has become a structural pillar of the venture ecosystem as startups seek flexible, non-dilutive capital in a more disciplined funding environment.

MENLO PARK, Calif., May 26, 2026 — Runway Growth Capital LLC (“Runway”), a leading provider of growth loans to venture and non-venture-backed companies seeking an alternative to raising equity, today announced the release of the 2025-2026 Venture Debt Review, produced in partnership with PitchBook.

The annual report provides a comprehensive look at the evolving venture debt landscape, pairing PitchBook’s proprietary market data with Runway’s perspective on how startups, lenders, and investors are navigating today’s venture debt market.

This year’s report finds that venture debt reached a record $68.8 billion in the U.S. in 2025, even as annual deal volume remained stable at roughly 1,000 transactions. The result is a clear signal that venture debt has become a larger, more strategic and more institutionalized part of the venture ecosystem.

U.S. venture investments reached $321.6 billion across more than 17,000 deals in 2025, but capital remained highly concentrated in Artificial Intelligence (AI), which accounted for 63.5% of deal value. Outside the market’s most heavily funded AI companies, startups are operating in a more selective environment where equity investors and lenders are placing greater emphasis on revenue quality, capital efficiency, operating performance and path to profitability.

In turn, venture debt is increasingly being used by companies with strong fundamentals as a strategic financing tool to extend flexibility, preserve ownership and support growth without relying solely on dilutive equity capital.

“Venture debt has moved from the margins of the venture ecosystem toward its core,” said David Spreng, Founder and CEO of Runway Growth Capital. “The fact that venture debt reached a record level while deal count remained stable shows this market is getting bigger and more sophisticated. High-quality companies are using debt as a strategic tool to extend flexibility, preserve ownership, maintain control and scale with discipline.”

Among the most notable findings in the report:

• Venture debt reached a record high
  • U.S. venture debt reached $68.8 billion in 2025.
  • Annual deal volume remained stable at roughly 1,000 transactions, signaling durable adoption rather than a broad expansion in borrower count.

• Larger and repeat financings are driving the market
  • Deal sizes rose across the distribution, with the 75th percentile reaching $27.7 million and the median increasing to $5.5 million.
  • Follow-on financing volume increased from $4.7 billion across 129 deals in 2024 to $12.3 billion across 156 deals in 2025.

• Venture debt is becoming part of capital planning
  • The report finds that debt is increasingly being used by later-stage and scaled borrowers as part of deliberate financing strategies, rather than as a last-mile liquidity option.
  • Companies with stronger revenue visibility, customer retention, margin profiles and contracted cash flows are better positioned to access capital.

• The market is expanding beyond SaaS
  • AI and SaaS continue to anchor activity, with SaaS exceeding $28 billion in financing for the second consecutive year.
  • Growth in healthtech, cleantech and asset- or IP-heavy companies shows how debt is being tailored to a broader range of business models.

• Debt-backed companies are participating in the exit rebound
  • Exit activity reached $286.9 billion in value in 2025.
  • Venture debt-backed companies accounted for 37% of total exit value and 18% of exit count, both increases from the prior year.

The report also underscores that venture debt’s expansion is not indiscriminate. While access to debt is improving, lenders remain focused on companies with underwritable fundamentals. In sectors such as cleantech and healthtech, debt is increasingly being structured around contracted revenue, recurring usage, asset-backed cash flows and other durable sources of value.

“The common thread is not sector,” Spreng added. “It is underwritability. Companies that can demonstrate revenue quality, capital efficiency and clear paths to cash flow are finding that venture debt can be a powerful tool and amplify strong fundamentals.”

Looking ahead to the rest of 2026, the report suggests that venture debt will continue to play a larger role as equity markets remain concentrated and companies seek more efficient ways to finance growth. The report concludes that in a venture environment defined by divergence, venture debt is emerging as both a source of discipline and a strategic advantage.

The full report, including charts and commentary, is available for download at: https://runwaygrowth.com/venture-debt-review/

About Runway Growth Capital LLC

Runway Growth Capital LLC is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of a target of $10 million to $150 million to fast-growing companies based in the United States, Canada and Western Europe. For more information on Runway Growth Capital LLC and its platform, please visit www.runwaygrowth.com.

About PitchBook

PitchBook is a financial data and software company that provides transparency into the capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity, and M&A landscape—including public and private companies, investors, funds, investments, exits, and people. The company’s data and analysis are available through the PitchBook Platform, industry news, and in-depth reports. Founded in 2007, PitchBook operates globally with more than 3,000 team members. Its platform, data, and research serve over 100,000 professionals around the world. In 2016, Morningstar acquired PitchBook, which now operates as an independent subsidiary.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission made by Runway and Runway’s affiliated funds. Neither Runway nor Runway’s affiliated funds undertake a duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

SOURCE Runway Growth Capital LLC