The round was co-led by Pivot Investment Partners and UBS

NEW YORK, March 7, 2023 — Droit, a technology firm at the forefront of computational law and regulation, today announced it has closed a $23 million Series B investment in its latest funding round. The round was led by Pivot Investment Partners and UBS, the leading global wealth manager, through its venture and innovation unit UBS Next. Goldman Sachs, an existing investor, is also participating in the financing round.

Since its founding in late 2012, Droit has established itself as a technology provider advancing global regulatory compliance in the capital markets space, with its patented Adept platform now used by the world’s largest financial institutions for pre- and post-trade decision-making and auditability.

The investment will support Droit’s expansion into wealth management through the development of new products specifically for the sector, including Cross Border and Product Suitability. This natural extension of the Adept platform for use in wealth management will allow financial institutions to benefit from the same transparent decision-making infrastructure deployed for capital markets. The investment will also support Droit’s expansion of new and existing products, including Position Reporting, Transaction Reporting, advancements in Droit’s Pre-Trade product suite, and the build-out of new cloud-based services.

“This year marked Droit’s 10-year anniversary and we greatly appreciate the support from our investors and their confidence in our future success. This funding will enable us to accelerate the innovation of our new product lines,” said Brock Arnason, Founder and Chief Executive Officer of Droit. “We are also excited to join UBS Next’s portfolio of fintech companies and look forward to partnering with them on building out our wealth management capabilities.”

“We believe Droit’s capabilities will help companies unlock potential revenue streams by simplifying and driving real-time regulatory compliance,” said Mike Dargan, Chief Digital & Information Officer, UBS. “Through this investment, we will work with Droit to build out their product offering to support the industry and look forward to extending our relationship with them across our wealth management business.”

This funding round comes at a period of strong growth for Droit. Over the past two years, Droit commercialized four new product lines and increased its headcount by nearly 70 percent, adding key leadership roles in business development and technology. Droit also expanded its global footprint establishing a presence in Singapore to support existing clients and build new relationships in the region.

“Since our initial investment in Droit, we have been incredibly impressed with how the team leaned into regulatory complexity, built breakthrough products using its innovative and patented platform, and paved the way for a new approach to consensus-driven compliance. We are proud to co-lead this round and see immense potential in the expansion of the Adept platform for use in Wealth and beyond,” said Dinkar Jetley, Co-Founder & Managing Partner, Pivot Investment Partners.

About Droit 
Droit is a technology firm at the forefront of computational law and regulation within finance and other domains. Founded in 2012, Droit counts many of the largest financial institutions as its clients. Its award-winning, patented platform Adept provides an implementation of regulatory rules reflecting industry consensus. The Adept platform processes tens of millions of inquiries a day, deciding in real-time which interactions are legally permissible across the globe. Adept is used by institutions to evaluate, with sub-millisecond latency, the full regulatory implications of any given interaction within their transactional infrastructure.

For more information visit droit.tech. To obtain more information about Droit’s products, please contact [email protected].  

About Pivot Investment Partners
Pivot Investment Partners LLC is a team of CEO-level operating executives who have grown and transformed financial services businesses around the world. The firm works closely with a select set of high-potential FinTech and InsurTech companies, investing operating expertise and capital in their success and accelerated growth. For more information, please visit www.pivotinvestment.com.

About UBS
UBS convenes the global ecosystem for investing, where people and ideas are connected and opportunities brought to life, and provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as to private clients in Switzerland. UBS offers investment solutions, products and impactful thought leadership, is the leading global wealth manager, provides large-scale and diversified asset management, focused investment banking capabilities, and personal and corporate banking services in Switzerland. The firm focuses on businesses that have a strong competitive position in their target markets, are capital efficient and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in more than 50 regions and locations, with about 30% of its employees working in the Americas, 29% in Switzerland, 20% in the rest of Europe, the Middle East and Africa and 21% in Asia Pacific. UBS Group AG employs more than 72,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

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SOURCE Droit

• Andrew is a board member at Fender, Tractive, Crehana, Busuu, Evolv and Proponent
• He comes with decades of experience in marketing, product development, engineering, operations, customer support and sales

SAN FRANCISCO, March 7, 2023 — Simplilearn, the world’s #1 online bootcamp for digital economy skills, announced the addition of Andrew Wait to the company’s board of members. Andrew’s on-boarding announcement comes on the back of the latest round of fundraising from a consortium led by GSV Ventures, a multi-stage venture capital firm, followed by the company’s acquisition of U.S.-based bootcamp education company, Fullstack Academy. In addition to GSV Ventures, Clal Insurance, and DisruptAD, ADQ’s venture platform, were also part of the round. In 2021, Simplilearn attracted an investment of $250 million by private equity firm, Blackstone Group.

With decades of professional experience, Andrew Wait is a successful board member, consultant, president, and a general manager. He has experience in worldwide internet, brand, product and marketing, including web-enabled and delivered consumer and B2B products and services. He is a proven coach, builder and leader of effective organizations with particular expertise in marketing, product development, engineering, operations, customer support and sales. He is also a key leader in successful, private equity, IPO and acquisition exits. Under his guidance, the company is confident of achieving its goal of becoming the world’s largest digital skilling platform very soon.

In his successful professional career, Andrew has been a board member/growth advisor at Fender Musical Instruments Corporation. He has also been associated with companies such as Tractive, Pathstream, Crehana and Evolv Technologies. He is an alumni of St. Mary’s College of California from where he has completed his MBA in International Finance & Foreign Trade. 

Speaking on joining the Simplilearn team, Mr. Andrew Wait said, “I am pleased to join the Simplilearn team at a time when the edtech industry is going through a dynamic shift across the globe. With the innovations and developments in the space, I look forward to a prosperous future. The scope of opportunities that edtech has opened up for students and professionals is massive and people continue to enthusiastically take up programs to upskill themselves and explore better prospects. While I am excited to bring my own expertise to the table, I look forward to learning and growing through the knowledge of the larger Simplilearn team.”

Sharing thoughts on Andrew Wait’s appointment, Mr. Krishna Kumar, Founder & CEO, Simplilearn, said, “I am happy to welcome our latest member to the Simplilearn family. Andrew’s vast knowledge and expertise is going to be of value as we gear up and build a team that will lead the way towards growing Simplilearn as the world-wide leader in skilling. Our aim to boost global access to upskilling remains strong, and we are pleased to have Andrew join us in this vision. I welcome Andrew to Simplilearn and look forward to working together to deliver the best to our customers globally.”

Simplilearn conducts more than 3000 live classes per month, with an average of 70,000 learners who together spend more than 500,000 hours each month on the platform. Programs offered by Simplilearn give learners the opportunity to upskill and get certified in popular domains.

About Simplilearn

Founded in 2010 and based in San Francisco, California, and Bangalore, India, Simplilearn, a Blackstone company is the world’s #1 online Bootcamp for digital economy skills training. Simplilearn offers access to world-class work-ready training to individuals and businesses around the world. The Bootcamps are designed and delivered with world-renowned universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders. From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or/and business goals.

For more information, please visit www.simplilearn.com/

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Logo: https://mma.prnewswire.com/media/1100016/Simplilearn_Logo.jpg

SOURCE Simplilearn Solutions Private Limited

ROGERS, Ark., March 6, 2023 — Unknown Golf, LLC and Island Ventures Inc. announced today that Island Ventures acquired a strategic ownership interest in Unknown Golf. Unknown Golf offers an easy-to-use yet sophisticated platform for managing golf tournaments, league events, and individual golfers’ games. Terms of the transaction were not disclosed. 

Island Ventures’ investment will support the continued development of the platform, an enhanced user experience, new product features, and the achievement of key strategic initiatives. In addition to a financial investment, Island Ventures brings strategic management, operational, and business development expertise to Unknown Golf. 

“I couldn’t be more excited to partner with the team at Island Ventures,” said Bill Trabosh, Founder of Unknown Golf. “They bring experience and expertise in brand and business development that Unknown Golf needs to reach its goals. We’ve already begun a full site refresh and are developing iPhone and Android native apps geared toward our users.”

Justin Whaley, CEO of Island Ventures, added, “As an avid golfer and user of the Unknown Golf service, I was thrilled to partner with Bill in this venture. He’s done a tremendous job developing the current version of Unknown Golf, and I can’t wait to reveal the planned enhancements.”

About Unknown Golf
A licensed USGA^® tournament provider, Unknown Golf was built by golfers and golf professionals to provide a simple yet robust event and game management platform. The platform manages every data point so that club professionals, directors, and players can enjoy the game. USGA^® GHIN integrated, Unknown Golf is the home of everything a golfer wants to know about their golf game. While Unknown Golf is a powerful platform, its service-first approach sets them apart. Learn more at unknowngolf.com and follow Unknown Golf on Facebook, Instagram, and LinkedIn.

About Island Ventures

Island Ventures Inc. is an alternative venture investment firm focusing primarily on consumer products and services. With a diverse portfolio of operating subsidiaries and strategic investments, Island Ventures uses its financial and human capital to maximize success and stewardship to enrich the lives of others. Learn more at islandventuresinc.com.

SOURCE Unknown Golf

HONOLULU, March 6, 2023 — Shifted Energy, a leading distributed energy resources (DER) platform, today announced the closing of a $4.3M seed funding round that will help the company expand energy efficiency programs and distribute smart energy products. Co-led by EPIC Ventures and Kapor Capital, with participating investors Buoyant Ventures, Startup Capital Ventures x SBI Fund, and Hunt Development, the funding round will be used for talent acquisition and expanding coverage areas throughout the U.S., Canada, and Australia. 

Shifted Energy, supports utilities, property managers and owners of multi-family housing through the deployment of low-cost distributed energy resource control and monitoring systems, machine-learning data analytics, and dispatch optimization software. 

“We started Shifted Energy with the mission of an equitable transformation of utilities markets and we are excited for the positive impact that this new round of funding will unlock,” said Olin Lagon, co-founder and CTO, Shifted Energy. “Our proprietary solutions have been developed, tested and perfected to help utilities throughout the world stabilize their grids while accelerating the integration of intermittent wind and solar power generation.”

Shifted Energy’s software creates virtual power plants out of single and multifamily homes by connecting electrical appliances such as water heaters and EV chargers to a cloud-based platform. The company aggregates and optimizes participants that it serves as distributed energy resources that provide benefits to both grid utilities, in the form of energy storage, load reduction and fast-frequency response, and utility customers, who benefit from bill credits and financial incentives. The technology is readily scalable, cost-effective, and able to connect to any cloud-connected smart device.

“Our platform was built as a way to engage with hard-to-reach communities who typically don’t have access to rooftop solar or EV charging by targeting renters and multi-family buildings,” said Forest Frizzell, co-founder and CEO of Shifted Energy. “These technological solutions create inclusivity in the transition to a clean and healthy energy future.”

“Securing this funding for Shifted Energy represents the value that the company brings to addressing the large renewable energy needs that exist worldwide,” said Nick Efstratis of EPIC Ventures. “We look forward to seeing the results of this impactful investment.”

Co-founders Forest Frizzell and Olin Lagon have decades of experience working with technology innovation and community engagement. They both practice traditional Native Hawaiian farming on weekends and volunteer with the state’s largest technology education non-profit, Purple Maiʻa, which works in Native Hawaiian communities throughout Hawaii.

“As the energy transition continues to gain steam, we see a tremendous opportunity for Shifted Energy to bring new technologies to local communities for the benefit of both individual ratepayers and large-scale utilities,” said Allison Myers, co-founder and general partner at Buoyant Ventures. “Both Forest and Olin have unique backgrounds that will enable them to deliver community-based results that other companies often overlook.” 

About Shifted Energy 

Shifted Energy was founded in 2016 as a spin-off from the energy efficiency and justice efforts of nonprofit Kanu Hawaii, a 40,000-member grassroots organization focused on environmental sustainability and community empowerment in Hawaii. The company produces world class software and partners with smare hardware OEMʻs to convert behind-the-meter assets into valuable demand response assets, empowering electricity users and enabling utilities to stabilize their grids while accelerating the integration of renewable energy. For more information, visit https://www.shiftedenergy.com/.

Media Contact: 

Chris Krolak 
[email protected] 
[email protected]

SOURCE Shifted Energy

Fewer than one percent of investors globally who buy cryptocurrencies pay tax on their crypto investments, despite being required to do so by law. Tech company Divly makes it possible to manage the declaration of cryptocurrencies in a few clicks. The company has now raised 400k USD in a funding round.

HELSINKI, Finland and STOCKHOLM, Sweden, March 6, 2023 — Less than one percent of cryptocurrency investors may have declared their cryptocurrency to tax authorities in 2022.

“We see a big problem in declaring crypto and are convinced our product will make it easier. Determining what you must declare for each transaction can be overwhelming and time-consuming. If you are not an accountant, tax lawyer, or programmer and have many transactions, you have little chance of doing this manually yourself,” says Carl Gärdsell, founder of Divly.

Investors include DHS Venture Partners, Greens Ventures and YEoS Ventures. Since March 2022, Divly has partnered with Coinmotion, the largest Finnish virtual currency service provider, and Safello, the largest crypto broker in Sweden, with about 300,000 users. Divly has also started collaborations with several international players in the past year, such as BYDFi and Coingecko.

The crypto market has had a tumultuous year. Despite this, Divly continues to grow partly because it has expanded its service internationally to all Nordic countries, the Netherlands, Japan, and Germany. But above all, it’s the simplicity and the desire to make crypto tax declarations accessible to all investors that have driven Divly’s growth. With its recent successful funding round, Divly is poised to continue its growth and expand its reach to more investors worldwide.

The introduction of MiCA and the DAC8 proposal will result in tighter cryptocurrency regulations. As a result, authorities will have increased awareness of cryptocurrencies. One of the main requirements of the new rules is that cryptocurrency exchanges with users in the European Union must share their client information with tax authorities by January 2026.

“Procedures and processes for authorities to deal with tax issues will become increasingly important. Transactions on the blockchain are not anonymous; they are pseudonymous. This means that we could soon see a situation where those who have not paid taxes need to start backtracking and accounting for their transactions. I think most people want to do the right thing but don’t know how to do it. It should be easy to do the right thing, which we make possible,” says Carl Gärdsell.

Divly is a service that simplifies tax declarations in the crypto market and was founded in June 2021 by Carl Gärdsell and Ruben Rehn. Read more about Divly here: https://divly.com/

Contact:
Youri Lempers, International Expansion Manager, Divly
***@divly.com

Photos:
https://www.prlog.org/12954062

Press release distributed by PRLog

SOURCE Divly

SHANGHAI, March 6, 2023 — SiYi Intelligence, an intelligent rehabilitation solution provider, completed nearly 15 million US dollars in Series A financing. This round was led by Chengdu Bio-town Equity Investment Fund with participation from existing investor Tao Capital. The company plans to use the funding to accelerate the R&D of integration solutions for neurorehabilitation and build the digital rehabilitation service platform.

SiYi intelligence leadership team is composed of doctors and masters from Top universities such as Shanghai Jiao Tong University, Harbin Institute of Technology, and Jilin University; most of them have over 10 years of experience in the robotics, healthcare and rehabilitation industry. With industrial system thinking and multidisciplinary know-how, SiYi has innovated a series of professional rehabilitation robots for scientific research and clinical and family use. They have released worldwide hit product- SYREBO® soft robotic hand rehabilitation glove, EasyWalk exoskeleton walking suit for lower extremity augmentation, EEG-based assistive BCIs, and SYREBO® upper limb rehabilitation robot A2 for both clinical and home use.

To accelerate the implementation and verification of clinical rehabilitation theory, SiYi has carried out in-depth cooperation with Shanghai Jiao Tong University, Tohoku University in Japan, The Royal Buckinghamshire Hospital (RBH) in the UK, Manus Brescia Rehabilitation Center in Italy, Hongkong ShaTin Hospital and other international academic and medical institutions. By 2022, the company has over 30 authorized patents, over 50 registered trademarks, and more than 10 software copyrights. It has also been awarded as “National High-tech Enterprise”, “Shanghai Patent Work Pilot Unit” and “Shanghai Pudong New Area Recognized Research and Development Institution”.

“As an innovative enterprise focusing on rehabilitation robotics, we are aware of the existing social problems in the rehabilitation industry, such as the shortage of medical resources, the serious shortage of community and family rehabilitation resources, and the acceleration of population aging. Therefore, we uphold the vision of ‘enabling everyone to enjoy innovative rehabilitation services’, to innovate professional rehabilitation robots that is affordable and effective for everyone. Fortunately, our products have entered over 3,000 medical units, serving millions of patients all over the world. It is also fortunate that we have met investors with similar ambitions, which help us accelerate the innovation and development of integrated solutions for neurological rehabilitation and build a digital rehabilitation service platform, so as to jointly boost the rehabilitation industry towards a more brilliant future.” said Gavin Yin, founder & CEO of SiYi Intelligence.

“SiYi intelligence has a comprehensive team with rich experience in rehabilitation and robotic technology; they have a deep understanding of the industry and a wealth of patent achievement in the technical field. Their products have also reached a wide market. We look forward to SiYi launching more innovative rehabilitation products to provide more choices and better services for patients,” said the investment team of Chengdu Bio-town Equity Investment Fund.

“With the hand rehabilitation service as the entry point, SiYi intelligence constantly extends its product line and services. Their integration rehabilitation platform covering the whole cycle of clinical, community and family has remarkable characteristics and industry differentiation,” said Dafeng Zhang, the Chairman of Tao Capital. ” We firmly believe in SiYi and keep investing in them. The rehabilitation system in China is undergoing a transformation, and SiYi has formed a new force in the industry by innovating technology and business models. In the future, we look forward to exploring a better future for the rehabilitation industry and creating stronger social value together with SiYi Intelligence.”

About SiYi Intelligence

Established in 2017, SiYi Intelligence specializes in the design, development and commercialization of cutting-edge solutions in rehabilitation. Leading in know-how and technology, SiYi offers best-in-class products and reliable services for both clinical and home/community use. Our portfolio includes SYREBO® soft robotic hand rehabilitation glove, EasyWalk exoskeleton walking suit for lower extremity augmentation, EEG-based assistive BCIs, and Transcutaneous Electrical Nerve Stimulation devices and accessories, etc. Leveraging an extensive distribution network, our products have been marketed globally in over 80 countries and regions, serving a huge customer base of 3000 clinics and 50,000 households. Combining avantgarde technology, ease-of-use and affordability, SiYi is devoted to providing high performance rehabilitation products and making the innovative rehabilitation services available to all.

Visit SiYi Intelligence and SYREBO^® on social media:
Facebook
LinkedIn 
Youtube

More about SYREBO^®, please check on the following link
www.syrebo.com

[email protected]

SOURCE Siyi Intelligence

SpryPoint Leverages Strategic Investment to Expand Team and Meet Growing Demand for Cloud Customer Service and Operations Platform

CHARLOTTETOWN, PE, March 6, 2023 — SpryPoint, a leading provider of enterprise Software as a Service (SaaS) solutions to the utility industry, today announced it has received a strategic investment from Norwest, a leading venture and growth equity investment firm. With this investment, SpryPoint will build on its significant business momentum over the past three years, expanding its team and positioning the company to continue increasing market share of its mission-critical, cloud-native solutions for smart utilities.

“We started SpryPoint in 2011 with a very clear and simple goal: to bring cloud-based enterprise software to the utility market to improve the lives of our customers and their consumers,” said Keir Pollard, SpryPoint’s founder, Managing Partner and CTO. “We have effectively led this evolution, developing and delivering advanced solutions that help utilities address the changing expectations of their customers. We look forward to working with Norwest as we continue to accelerate our innovation and extend our leadership in the utility technology market.”

Utilities are at an inflection point as they adopt smart grid and distributed generation models, while simultaneously seeking to improve customer engagement and embrace mobility. However, utilities face significant challenges in adapting traditional software solutions to meet their new marketplace reality.

SpryPoint helps utilities evolve and optimize performance with its cloud-native customer service and operations platform. SpryPoint’s approach enables smart utilities to standardize on the platform for key customer services and operational needs, while leveraging native interoperability to connect with other information technology (IT) and operational technology (OT) systems in their technology stack.

SpryPoint’s SaaS model has been adopted by progressive utilities across the United States and Canada. The company has seen 100% growth over the past three years, while operating profitably. Demand for SpryPoint’s cloud-native solutions, including its customer information system (SpryCIS), has resulted in the company gaining significant traction upmarket. The flexibility of the platform enables utilities of all sizes – including those serving populations of over 400,000 – to dynamically support customer service and operations.

“Evolving consumer expectations, dynamic energy pricing, electric vehicles, security threats and physical infrastructure advancements are pushing legacy utility customer information systems (CIS) to the brink. SpryPoint is delivering critical innovation to the market with the industry’s leading cloud-native CIS platform,” said Ran Ding, Partner at Norwest. “With an impressive history as a bootstrapped company, SpryPoint has catapulted to the forefront of the utilities CIS market. We are excited to partner with SpryPoint in the long-overdue revolution of the utility software market.”

SpryPoint’s core leadership team will remain, with Kyle Strang assuming the role of CEO. Keir Pollard will continue as CTO, along with Ryan Cawley as Vice President of Business Development and Kevin Clancy as Senior Vice President of Services.

As part of the investment, Norwest Partner Ran Ding and Vice President Chris Sondej will join the SpryPoint board of directors.

Miller Thomson LLP served as legal advisor and Bonfire Capital as financial advisor to SpryPoint for this transaction. 

About SpryPoint
Founded in 2011, SpryPoint is a leading provider of cloud-based solutions for the utility sector. The expert team has extensive experience serving utilities across North America, and is dedicated to helping clients improve their operations and better serve their customers. SpryPoint solutions include advanced billing and customer relationship management tools, as well as powerful analytics and data management capabilities. The company has been recognized by industry experts and clients alike for bringing value and innovation to the utilities market. For more information, visit www.sprypoint.com.

About Norwest
Norwest is a leading venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, Norwest has invested in more than 650 companies and currently partners with more than 230 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across a wide range of sectors with a focus on consumer, enterprise and healthcare. The Norwest team offers a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Palo Alto and San Francisco, with subsidiaries in India and Israel. For more information, please visit www.nvp.com. Follow Norwest on Twitter @NorwestVP.

SOURCE SpryPoint

ZHUHAI, China, 6 de marzo de 2023 — El 3 de marzo de 2023, Zhuhai Kingsware Information Technology Co. LTD (en adelante “Kingsware”) celebró con éxito su ronda de financiamiento serie C y su conferencia de nuevos productos en la ciudad de Zhuhai con el tema “Nueva productividad y nuevo capítulo”. En la reunión, Kingsware anunció oficialmente que la empresa recaudó alrededor de RMB 500 millones en financiamiento de serie C en diciembre de 2022. Con CDB Capital liderando la inversión, Wenrun Investment (Wens capital), Guangdong Finance Fund, CICC Capital, SGUNWEI capital, JUNSAN capital, ZHENGLING VENTURE CAPITAL y otras instituciones que participaron como inversionistas secundarios, el monto financiero ocupó el primer lugar entre los montos de financiamiento de servicios empresariales chinos en 2022.

Según Kingsware, los fondos se utilizarán principalmente para acelerar la I+D de la matriz de productos “RPA+X”, mejorando así el diseño ecológico “1+ N” de la empresa. Además de su posición líder en la industria financiera, Kingsware ampliará aún más sus competencias hacia otros sectores y mantendrá su liderazgo en el ámbito RPA.   

En la nueva sesión de lanzamiento de productos, Kingsware presentó las funciones y características de nivel empresarial recientemente actualizadas del producto central K-RPA, y lanzó a nivel central nuevos productos de secretario humano digital virtual, sistema de gestión de control interno bancario inteligente, plataforma de gestión centralizada de presentación normativa bancaria, sistema de gestión in situ de centros de datos y plataforma de enseñanza y capacitación en transformación digital K-EE Kingsware, y siguió construyendo y mejorando la matriz de productos “RPA+X” de Kingsware. Asimismo, demostró una vez más ante la industria la capacidad innovadora de Kingsware como experto en RPA a nivel empresarial y su determinación de implementar la estrategia corporativa de “servir a miles de industrias, ayudar a la economía digital y construir una China digital”.

Además, Kingsware también anunció que se había convertido en una unidad miembro del Information Technology Application Innovation Working Committee en 2022. En la actualidad, sus productos han apoyado plenamente el ecosistema de la información y la innovación. Bajo la orientación de “innovación independiente de tecnología central” y otras políticas nacionales relevantes, la empresa completará gradualmente la certificación mutua de compatibilidad de productos de información e innovación en toda la cadena industrial, desde infraestructura de TI, software básico hasta software de aplicaciones.

FUENTE Kingsware

SOURCE Kingsware

Strengthens investor syndicate with participation from new investor BDC Capital’s new Thrive Venture Fund

MONTREAL and RALEIGH, N.C., March 6, 2023 — Congruence Therapeutics, a biotechnology company working at the interface of computational and experimental drug discovery to design novel small molecules for diseases of protein misfolding, announced today the close of an extension to its Series A financing, bringing the total amount raised to over US$65 million. This extension was led by new investor BDC Capital’s Thrive Venture Fund, with participation from current investors Amplitude Ventures, Fonds de solidarité FTQ, OrbiMed, Investissement Quebec (IQ), SilverArc, and others.

“This financing provides further evidence of the emerging role that technology must play to drive innovation in biotechnology. We are proud to be pioneers in tech-enabled drug discovery with the support of high-quality investors who share our commitment to developing computational tools that will re-invent the way that drugs are discovered,” said Dr. Clarissa Desjardins, CEO of Congruence. “These additional proceeds will allow us to accelerate our pace, advancing our Revenir™ platform and our pipeline of first-in-class and best-in-class programs for devastating genetic, rare and neurological diseases toward the clinic.”

Michelle Scarborough, Managing Partner, Thrive Venture Fund at BDC Capital added, “With an incredible team led by Clarissa and a first-of-its-kind discovery platform, Congruence will quickly emerge as a leading biotechnology company who is well-positioned to disrupt traditional drug discovery and deliver real benefits to patients. We are proud to lead this investment round and look forward to supporting Congruence through its next phase of growth.”

In February 2022, Congruence announced the close of its Series A financing of US$50 million, led by Amplitude Ventures and Fonds de solidarité FTQ, with participation from Lumira Ventures, Investissement Quebec, OrbiMed Advisors, Driehaus Capital Management, and others. Congruence Therapeutics was founded in 2021 by Clarissa Desjardins, Ph.D., previously the founder and chief executive officer of Clementia Pharmaceuticals, a company developing therapies for rare pediatric bone diseases and sold to Ipsen in early 2019 for US$1.3 billion. Clementia’s lead product, Sohonos^™ (palovarotene), was recently approved in Canada and is under review at the FDA as the first treatment for Fibrodysplasia Ossificans Progressiva, a debilitating and progressive rare bone disorder. At Congruence, Dr. Desjardins has put into place a team of ‘drug hunters’ with experience in rare disease strategy and clinical development, computational chemistry, medicinal chemistry, and business development.

About Congruence Therapeutics

Congruence Therapeutics is a drug discovery company that is uniquely harnessing the power of innovative fields such as protein dynamics, biophysics, machine learning, AI, and computational chemistry to advance drug discovery. Our ground-breaking discovery engine, Revenir^TM, captures the biophysical features of functional proteins and their pathogenic counterparts in order to discover functional allosteric and cryptic pockets which can lead to small molecule hits at unprecedented speed. 

For more information, please visit www.congruencetx.com.

Company Contact
Tanya Borsuk
EVP of Corporate and Business Development
[email protected]

Media Contact
Amy Conrad
Juniper Point
[email protected] 
858-366-3243

SOURCE Congruence Therapeutics