Monthly Archives: March 2023

Lonestar Data Holdings Inc. Successfully Completes $5m In Oversubscribed Seed Financing

Groundbreaking start-up working to create a new data center industry from the Moon clears key financing milestones.

ST. PETERSBURG, Fla., March 6, 2023 — Lonestar Data Holdings Inc. announced today that it has successfully closed its $5m Seed with this financing round being oversubscribed.

The round has been led by Scout Ventures and joined by Seldor Capital, 2 Future Holding, The Veteran Fund, Irongate Capital, Atypical Ventures, and KittyHawk Ventures. Lonestar is scheduled to launch a series of data centers to the lunar surface in 2023. 

“We are thrilled to have completed this successful seed round and are sincerely grateful for the support and vision of our investors,” said Chris Stott, CEO of Lonestar.

“We believe that expanding the world’s economy to encompass the Moon, which happens to be the Earth’s most stable satellite, is the next whitespace in the New Space Economy,” says Scout Ventures’ Founder and Managing Partner, Brad Harrison. “Data security and storage will be a necessary part of leading the new generation of lunar exploration.”

The VC funded startup is working to revolutionize premium mission critical data services and communications from Earth’s largest satellite, the Moon. 

The successful closing of the company’s Seed funding round is a major milestone for Lonestar and will help the team to accelerate its growth and expand its offerings to meet the needs of its clients around the world.

About Lonestar – Saving Earth’s Data One Byte at a Time
Lonestar Data Holdings Inc. (Lonestar®), headquartered in St Petersburg’s Maritime and Defense Technology Hub, has been founded by a proven team of experts from the Cloud and Space verticals to pioneer a future for data at the edge for all of us. www.lonestarlunar.com

SOURCE Lonestar Data Holdings Inc.


Chromologics raises additional funding, bringing the series seed to a total of EUR 12.6 M, and welcomes two new investors Doehler Ventures and Thia Ventures

The proceeds of EUR 7.1 M will be used to accelerate commercialization of the first product, the natural red food color Natu.Red® that provides attractive advantages for both consumers and food manufacturers.

COPENHAGEN, Denmark, March 6, 2023 — Chromologics, the Danish biotech company specializing in production of innovative natural food colors, today announced the successful closure of an extended seed round. The company raised an additional EUR 7.1 million in equity from its existing investors plus two new investors.

 “We are thrilled to be able to accelerate our commercial development and welcome two new, strong investors, Doehler Ventures and Thia Ventures,” said Gerit Tolborg, CEO of Chromologics. “In particular, Doehler’s formal investment marks a new phase in our collaboration. We look forward to benefiting from their expertise as we begin developing commercial-scale production.”

Chromologics’ proprietary fermentation production method is environment-friendly, stable, and can ensure a cost competitive and sustainable supply to food and beverage manufacturers. Natu.Red®, the first product in the pipeline, is pH- and temperature stable, tasteless, water soluble, and vegan.

 The co-founders, CEO Gerit Tolborg and CTO Anders Ødum, discovered this novel molecule and have over the last 5 years built Chromologics from a university spin-out to a company with own lab and pilot production facilities.

“Chromologics has convincingly demonstrated that, Natu.Red® is an attractive and sustainable alternative to existing synthetic and natural food colors. It is great to see growing international interest and validation of the company not just from investors but also from strategic partners, and a growing number of potential customers. The successful scale-up and production of the first several hundred kilos of Natu.Red®, as well as the line of sight for regulatory approval calls for accelerating the commercial development.

The newly established Bioindustrials team at Novo Holdings has been established to support such a growth journey,” said Thomas Grotkjær, Partner at Novo Holdings, Chromologics’ largest investor.

“We look forward to supporting Chromologics as they develop and bring to market a range of natural food colors using their precision fermentation platform. We see a competitive advantage in this type of sustainable natural ingredient,” says Rodrigo Hortega at Doehler Ventures, the investment arm of global natural ingredients supplier, Doehler Group. “The timing is right, and we are prepared to offer the full network and know-how of the Doehler Group,” he added.

Chromologics’ has demonstrated scalability of their fermentation process to industrial scale, built a strong network of potential customers, and began their regulatory approval program. Early results indicate cost-effective production, excellent product performance, and safe use of Natu.Red® as a novel food additive.

During the coming funding period Chromologics will further advance regulatory approval, establish a commercial production line, expand the portfolio towards additional colors, and progress on commercial execution.

“This is an exciting time for Chromologics. The team has developed, grown their skillset, and added new expertise. They are well equipped and ready for the next stage of their journey towards commercial success,” said Jarne Ellehollm, Chairman of the Board.

Chromologics supported by the following investors:  Novo Holdings, Nordic Foodtech VC, Danmarks Eksport- og Investeringsfond, Thia Ventures, Doehler Ventures, Synergetic and Blue Horizon.

For more information on the investors, please visit their websites:

Novo Holdings  https://www.novoholdings.dk/

Nordic Foodtech VC  https://nft.vc/

Danmarks Eksport- og Investeringsfond  https://vf.dk/

Thia Ventures  https://thiaventures.com/

Döhler Ventures  https://www.doehler-ventures.com/

Synergetic   Giampaolo Cagning  (Privat Investor)

Blue Horizon  https://bluehorizon.com/

About Chromologics:

Chromologics is a Danish company founded in 2017 with a precision fermentation platform to produce natural food colors. Their proprietary fermentation process allows them to produce natural colors that are sustainable, scalable, and cost-competitive while being compatible with most dietary needs, including kosher, halal, and vegan diets.

About Doehler:

Doehler is a global producer, marketer and provider of technology-driven natural ingredients, ingredient systems and integrated solutions for the global food, beverage, and nutrition industry. Doehler is all about mastering multi- sensory performance and nutrition. Being Sustainable by nature®, we help to nourish the world better – good for people, good for planet®.

All our ingredients are derived from natural raw materials. Doehler’s comprehensive product portfolio of natural ingredients ranges from natural flavors, natural colors, natural health ingredients, a broad range of plant-based ingredients to ingredient systems and end-to-end solutions. Focused on science, technology and innovation, we shape the future of nutrition.

PRESS CONTACT

For more information and interview requests, please contact:

Gerit Tolborg 
Email: [email protected] 
Phone: +45 61 60 32 09 
High-resolution photographs are available for media use at Chromologics press section:  https://www.chromologics.com

PREVIOUS PRESS CLIPPINGS

20 JANUARY 2023

This Color Food Dye Was Just Linked To Gut Inflammation & IBD
https://www.mindbodygreen.com/articles/this-color-food-dye-was-just-linked-to-gut-inflammation-and-ibd

07 DECEMBER 2022

Palette of tastes: Bold and experimental colors drive “freedom of expression” in F&B applications
https://www.foodingredientsfirst.com/news/palette-of-tastes-bold-and-experimental-colors-drive-freedom-of-expression-in-fb-applications.html

04 APRIL 2022

COLOURS FEATURE: clean label and plant-based lead colors
https://www.foodmanufacture.co.uk/Article/2022/04/04/Food-colours-feature-NPD-clean-label-and-sustainability-focus

26 APRIL 2022

Future Food Colorants
https://foodhack.global/articles/future-food-colorants

22 FEBRUARY 2022

Chromologics’ CEO GERIT TOLBERG ON NATURAL VS ARTIFICIAL FOOD COLORANTS
https://nordicfoodtech.io/episode/chromologics/

27 APRIL 2021

Demand for naturally sourced colours is increasing’: Chr. Hansen Natural Colors seeks growth with first acquisition
https://www.foodnavigator.com/Article/2021/04/27/Demand-for-naturally-sourced-colours-is-increasing-Chr.-Hansen-Natural-Colors-seeks-growth-with-first-acquisition

11 MAY 2021

Novo Holdings leads EUR 29M investment in bio-based silk supplier AMSilk
https://www.prnewswire.co.uk/news-releases/novo-holdings-leads-eur-29m-investment-in-bio-based-silk-supplier-amsilk-838406740.html

27 MAY 2021

Dansk selskab satser hele butikken på rød farve i biotekrouletten – ser ind i marked for naturlige farver på 35 mia. Kr.
https://borsen.dk/nyheder/virksomheder/dansk-selskab-satser-hele-butikken-paa-rod-farve-i-biotekrouletten-ser-ind-i-marked-for-naturlige-farver-paa-35-mia

28 MAY 2021

Chromologics: Precision fermentation addresses ‘main challenges’ facing natural colours

https://www.foodnavigator.com/Article/2021/05/28/Chromologics-Precision-fermentation-addresses-main-challenges-facing-natural-colour

28 MAY 2021

Nyt fra bestyrelser og direktioner

https://www.food-supply.dk/article/view/793642/nyt_fra_bestyrelser_og_direktioner

The following files are available for download:

https://mb.cision.com/Main/22211/3727269/1890489.pdf

Press release (PDF)

https://news.cision.com/chromologics/i/3727269-0-png,c3151312

3727269_0.png

https://news.cision.com/chromologics/i/natu-red-color-range,c3151314

Natu Red Color Range

https://news.cision.com/chromologics/i/macarons-with-natu-red,c3151315

Macarons with Natu Red

https://news.cision.com/chromologics/i/chromologics-r-d-team,c3151316

Chromologics R D team

https://news.cision.com/chromologics/i/chromologics-pilot-fermentor-harvest,c3151317

Chromologics Pilot fermentor harvest

https://news.cision.com/chromologics/i/chromologics-natu-red-powder,c3151318

Chromologics Natu Red powder

https://news.cision.com/chromologics/i/chromologics-natu-red-powder-close-up,c3151319

Chromologics Natu Red powder close up

https://news.cision.com/chromologics/i/chromologics-natu-red-and-fungus,c3151320

Chromologics Natu Red and fungus

https://news.cision.com/chromologics/i/chromologics-lab-scale-fermentor-portrait,c3151321

Chromologics Lab scale fermentor portrait

https://news.cision.com/chromologics/i/chromologics-founding-team-anders-odum-and-gerit-tolborg,c3151322

Chromologics Founding team Anders Ødum and Gerit Tolborg

https://news.cision.com/chromologics/i/chromologics-beautiful-fungus,c3151323

Chromologics Beautiful fungus

https://news.cision.com/chromologics/i/chromologics-commercial-team,c3151324

Chromologics commercial team

https://news.cision.com/chromologics/i/chromologics-full-team,c3151325

Chromologics full team

https://news.cision.com/chromologics/i/chromologics-lab-scale-fermentor,c3151326

Chromologics Lab scale fermentor

https://news.cision.com/chromologics/i/chromologics-natu-red-powder-bowl-and-background,c3151327

Chromologics Natu Red powder bowl and background

https://news.cision.com/chromologics/i/chromologics-natu-red-powder-spoon,c3151328

Chromologics Natu Red powder spoon

https://news.cision.com/chromologics/i/chromologics-natu-red-poweder-small-bowls,c3151329

Chromologics Natu Red poweder small bowls

https://news.cision.com/chromologics/i/chromologics-pilot-fermentor-in-action,c3151330

Chromologics Pilot Fermentor in action

https://news.cision.com/chromologics/i/nachos-with-natu-red,c3151331

Nachos with Natu Red

https://news.cision.com/chromologics/i/plantbased-burger-with-natured,c3151332

PlantBased Burger with NatuRed

https://news.cision.com/chromologics/i/chromologics,c3151410

CHROMOLOGICS

https://mb.cision.com/Public/22211/3727269/81c5a479b60ec780.pdf

Infographic supply chain

SOURCE Chromologics

Oats Overnight raises $20M+ to expand in retail and bring customers into the product development process

TEMPE, Ariz., March 3, 2023 — Oats Overnight announced today that it raised $20M+ in Series A capital. Participants in the round included Singh Capital Partners, BFG Partners, Impatient Ventures, Watchfire Ventures, Morrison Seger Venture Capital Partners, Vanterra Ventures, Access Capital, Pure Ventures, and more.

“We will use this capital to significantly expand into the retail channel and continue to evolve our community-led product development process.” – Brian Tate, Founder and CEO.

Oats Overnight is redefining the way CPG brands interact with their consumers, bringing customers directly into the R&D process. Every month, a new flavor is shared pre-launch with 100,000+ active subscribers and the R&D team communicates with customers directly to hear how the recipe is received. Flavors like Chocolate Chip Cookie Dough, Cookies and Cream, and Key Lime Pie, get very vocal feedback from the community, both positive and negative. The most popular flavors are released with tweaks just three months after the extensive survey results are tallied.

“Our customers debate it all in our private Facebook group, averaging over 1,000 comments per day.” – Brian Tate, Founder and CEO.

The company is on a $100M+ gross revenue run rate, but is only getting started in retail, sitting at just over 2,500 doors. On-shelf performance is beating buyer expectations in a wide range of stores, including Whole Foods, Wegmans, Meijer, Walmart, and HEB. This new capital will help build out the sales team, starting with the addition of a VP of Sales.

“The uniqueness in format and flavors that we bring to a traditionally stale category makes us a clear bet for buyers. This capital will help us execute even faster.” – Nina McKinney, CSO.

Another primary use of capital for the fundraise will be the buildout of a new 85,000 sq ft production and fulfillment center in Phoenix, AZ. Oats Overnight’s 250 person team includes multiple food scientists, a supply chain team, and a quality department. This structure allows Oats Overnight to be responsive to customer feedback with monthly flavor launches and consistent optimization of formulas in-market.

“Owned manufacturing, fulfillment, and R&D is absolutely critical for the company to deliver on its model for innovation and product development.” – Vincent Comerford, COO.

About Oats Overnight:

Oats Overnight is a spoon free, high protein oatmeal that is prepped at night and ready when you wake up. The company was founded in 2016 by former professional poker player, Brian Tate in Tempe, AZ. He created the first recipes while looking for a better way to fit a nutritional breakfast into his busy schedule. Over 35 flavors have been created to date in their owned manufacturing operation in Arizona. To learn more about Oats Overnight, visit oatsovernight.com or @oatsovernight on Instagram.

Oats Overnight Contact:
[email protected]

SOURCE Oats Overnight


Vermont Slauson Economic Development Corporation Receives $200,000 PRIME Grant From the U.S. Small Business Administration

Community non-profit recognized for support of disadvantaged microentrepreneurs through Program for Investment in Microentrepreneurs Act (PRIME) grant

LOS ANGELES, March 3, 2023 — Vermont Slauson Economic Development Corporation was selected to receive a grant award totaling $200,000 from the U.S. Small Business Administration (SBA) Program for Investment in Microentrepreneurs Act (PRIME), for the Fiscal Year 2022 competition.

With SBA PRIME funding, VSEDC will launch a comprehensive business resiliency-focused program designed to help minority-owned, disinvested businesses become contracts-ready for procurement opportunities in the post-pandemic world. The program, “Post Pandemic Entrepreneurship and Growth,”will include at least ten broad-based webinars reaching 300 new or existing small business owners, and two facilitated cohorts focusing on neighborhood-based businesses. Funds for this award will be available for eligible expenses incurred between September 30, 2022 and September 29, 2023.

VSEDC was one of 38 organizations selected to receive the SBA PRIME grant award. The PRIME award will support these nonprofit organizations as they help low-income entrepreneurs get financing to establish and expand their small businesses or provide capacity-building training for other organizations that provide capital to underserved small businesses.  

“Our SBA PRIME grants provide critical support for nonprofit organizations that are delivering needed technical assistance and training to America’s small businesses so they can continue to power our nation’s strong economic recovery and transition to strong, stable growth,” said SBA Administrator Isabella Casillas Guzman. “This year, the SBA focused our PRIME grant selection process on our nonprofit partners who can best bring federal resources to life, especially in the regions and communities where they are needed most. I look forward to working with these organizations as they help us connect America’s entrepreneurs with the capital they need to start, grow and build resilient businesses.” 

Vermont Slauson Economic Development Corporation (VSEDC) is a community-based nonprofit and Community Development Financial Institution (CDFI) recognized for decades of technical and entrepreneurial assistance to South LA small businesses, start-ups and entrepreneurs. The services VSEDC provides services to drive community self-sufficiency, facilitate business growth, access to affordable housing, goods and services, and job creation. VSEDC achieves this through youth education, a core curriculum of business education, one-on-one business assistance, and small business loans. Find out more about VSEDC at www.vsedc.org, Facebook and Twitter.

The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov

SOURCE Vermont Slauson Economic Development Corporation


Twenty20 Energy Completes Private Equity Raise

SINGAPORE, March 3, 2023 — Twenty20 Energy, an integrated international energy provider enabling decarbonization and energy transition solutions through innovative technologies, today announced the completion of a private capital raise totaling circa US$8.4 million. Proceeds have been deployed for use as direct investments in projects and are also expected to be used for working capital.

Geoff Lawrence, Chief Executive Officer of Twenty20 Energy, said, “We are pleased to complete this private capital raise with the new investors in Twenty20 Energy. We appreciate the confidence displayed by those participating in this private capital raise and we believe the future of T20 is bright as demonstrated by these passionate investors.”

About Twenty20 Energy
Twenty20 Energy delivers innovative energy solutions that enable clients, partners, and stakeholders to accelerate the transition to a cleaner energy future. From concept development to operations and maintenance, Twenty20 Energy provides engineering, project execution and asset management through long term operations and management solutions, coupled with the capacity to provide funding or participate in shared project ownership. Uniquely positioned in the energy landscape, Twenty20 Energy has a global reach with local sensitivity, developing projects that deliver cleaner energy while empowering economic growth for today and beyond.

Forward-Looking Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact:

Joe Diaz
Lytham Partners, LLC
(602) 889-9700
[email protected]

SOURCE Twenty20 Energy


Kingsware completes C+ Round Financing at nearly RMB 500 million, State-owned Enterprises invest in RPA industry.

ZHUHAI, China, March 3, 2023 — On March 3, 2023, Zhuhai Kingsware Information Technology Co. LTD (hereinafter referred to as “Kingsware”) successfully held its series C funding and new product conference in Zhuhai city with the theme of “new productivity · new chapter”. At the meeting, Kingsware officially announced that the company has raised around RMB500 million in series C funding in December 2022. With CDB Capital leading the investment, Wenrun Investment (Wens capital), Guangdong Finance Fund, CICC Capital, SGUNWEI capital, JUNSAN capital, ZHENGLING VENTURE CAPITAL and other institutions participating as follow investors, the financing amount ranked the top in Chinese enterprise services financing amount in 2022.

According to Kingsware, the funds will mainly be used to accelerate the R&D of “RPA+X” product matrix, thus improving the company’s “1+N” ecological layout. On top of its leading position in financial industry, Kingsware will further extend its competencies to other industries and sustain its leadership in RPA arena.   

In new product release session, Kingsware introduced the core product K-RPA’s newly upgraded enterprise-level functions and features, and centrally released new products of virtual digital human secretary, bank intelligent internal control management system, bank regulatory submission centralized management platform, data center on-site management system, and K-EE Kingsware digital transformation teaching and training platform, and it continued to build and improve Kingsware’s “RPA+X” product matrix, and once again, it demonstrated to the industry the innovative ability of Kingsware as an enterprise-level RPA expert and its determination to implement the corporate strategy of “serving thousands of industries, helping digital economy, and building a digital China“.

In addition, Kingsware also announced that it had become a member unit of the Information Technology Application Innovation Working Committee in 2022. At present, its products have fully supported the information and innovation ecosystem. Under the guidance of “independent innovation of core technology” and other national relevant policies, the company will gradually complete compatibility mutual certification of information and innovation products in the whole industrial chain from IT infrastructure, basic softwares to application softwares.

SOURCE Kingsware


immi Closes $10M Series A Raise to Bring Healthy Instant Ramen Mainstream

The Plant-Based Ramen Brand Will Use New Round of Funding to Hire Key Leadership, Debut New Flavor Offerings, and Scale Retail Expansion Nationwide

SAN FRANCISCO, March 2, 2023 — Today, the world’s first low-carb, high-protein, and 100% plant-based instant ramen brand immi is announcing its $10M Series A funding raise. This new round of funding will enable the brand to hire for key leadership roles, expand its better-for-you lineup of flavor offerings, and scale retail door expansion nationwide. The round was led by Touch Capital with participation by celebrity investors such as Naomi Osaka, Usher, Apolo Ohno, David Grutman, Kygo’s Palm Tree Crew, and Gryffin.

“This new raise is a huge milestone for immi as it enables our team to further improve the quality of our products, expand retail distribution, bring down prices, and continue broadening access to nutritious and delicious Asian American food,” said immi Co-Founders Kevin Lee and Kevin Chanthasiriphan.

Over the past two years, immi has seen tremendous growth in online demand across its website, Amazon, and other online wholesale channels for its three base flavors – Black Garlic “Chicken”, Spicy “Beef”, Tom Yum “Shrimp”. In 2022, immi began expansion into retail channels with accounts including Whole Foods and has seen strong, sustained retail velocities. To continue scaling the business to support online and retail demand, immi will be using this funding to hire for key leadership roles to support retail sales, operations, finance, product, and growth. The financing will additionally support immi’s product development research as the brand plans to launch a series of new permanent and limited-time flavors, as well as co-branded partnership flavors.

“Touch Capital is thrilled to deepen its partnership with immi, as the immi team has managed the improbable: transforming instant ramen into a low-carb, high-protein, and plant-based product that is just as crave-worthy as its classic comfort food predecessor,” detailed the team behind Touch Capital.

“I’m excited to announce my investment in immi, which has revolutionized the ramen industry with a low-carb, high-protein, plant-based, and delicious alternative to one of my favorite childhood foods,” said Naomi Osaka, TIME’s 100 Most Influential People, Entrepreneur-Activist, Four-time Grand Slam singles tennis champion and immi investor.

“Food – just like music – has always been at the center of culture, and I am excited to play a small part in this new wave of global flavors with immi. The Kevins are reinventing ramen – a nostalgic dish for many of us – with more thoughtful ingredients. Instant ramen is a beloved pantry staple from my own childhood and now I get to share a healthier, plant-based version with my family.” explained Grammy-winning singer, songwriter, and investor, Usher.

“I value my nutrition and health more than anything else,” shared Apolo Ohno, eight-time Olympic medalist, most decorated American Winter Olympian, U.S. Olympic Hall of Famer, “I’m excited to invest in immi, which has allowed me to bring ramen back into my life again.”

Other investors joining this round include: Siddhi Capital, Gold House Ventures, Anti Fund, Harizury, Lab Capital Advisors, CAA’s Co-Head of Basketball, Lynja, Lauren Kleinman (Dreamday, The Quality Edit), Theresa Kang (Blue Marble Pictures), and the CEOs or Co-founders of Fly By Jing, Bokksu, Boba Guys, LMNT, OWYN, Hero Cosmetics, Supply, Rumble Boxing, Worlds, Venice Music, Adgile Media Group, Hyphen Capital and more.

Kevin Lee and Kevin Chanthasiriphan grew up immersed in the farms and noodle stalls of their Taiwanese and Thai family food businesses and created immi after seeing their families suffer through chronic health conditions from unhealthy diets. Since launching in January 2021, immi has grown over 6x, sold out 7x, and launched in retailers including Whole Foods, Wegmans, and The Fresh Market, with additional doors opening this year.

For more information and to stay up to date on immi, please visit www.immieats.com and follow @immieats.

About immi:

immi is a better-for-you Asian American food brand that makes the world’s first low-carb, high-protein, 100% plant-based instant ramen. immi is easy to prepare in the microwave or stovetop and you can have a bowl ready in minutes. Their 100% plant-based flavors include Spicy “Beef”, Tom Yum “Shrimp”, and Black Garlic “Chicken”. immi also donates a fixed amount of profits from every purchase to support causes fighting hunger. To learn more, visit www.immieats.com.

SOURCE immi

ROSALIND FRANKLIN UNIVERSITY GRANTS TO TACKLE COMPLICATIONS OF HIV AND STEM CELL THERAPY FOR BRAIN REPAIR

NORTH CHICAGO, Ill., March 2, 2023 — New funding for Rosalind Franklin University researchers will help revolutionize therapeutic approaches for HIV-related cancers and for brain repair.

Dr. Neelam Sharma-Walia, associate professor of microbiology and immunology and investigator in the Center for Cancer Cell Biology, Immunology and Infection, has been awarded a two-year, $401,115 grant from the National Cancer Institute to investigate treatments for Kaposi Sarcoma (KS)-Associated Herpes Virus (KSHV).

“KSHV, a human oncogenic herpesvirus, is the underlying cause of KS tumor (lesions) and a rare B cell malignancy called primary effusion lymphoma (PEL),” Dr. Sharma-Walia said. “KS is the most common vascular malignancy causing high morbidity and mortality in HIV-infected patients.”

Her study, “Anti-nucleolin Aptamer AS1411: Applications in Kaposi’s Sarcoma Associated Herpes Virus (KSHV) Biology,” aims to transform current therapeutic approaches to treat KS and PEL. Knowledge obtained from the study can be tested and applied to cancers caused by other human tumor viruses.

Dr. Daniel Peterson, professor of neuroscience and director of RFU’s Center for Stem Cell and Regenerative Medicine, has been awarded a one-year, $90,000 grant from the regional Walder Foundation to investigate how non-neuronal glial cells can be reprogrammed to replace lost neurons. The project represents a collaboration with Illinois Institute of Technology’s (IIT) Dr. Ali Cinar, professor of chemical engineering, who received a similar Walder grant and will contribute expertise in artificial intelligence and engineering to optimize glial cell progenitor culture processes.

Dr. Peterson’s project will culture human skin cells and use gene therapy to reprogram them into human glial progenitor cells that, once generated, can target cells in the human brain and convert them to new neurons to ultimately repair the brain.

“Recent progress in understanding the biology of stem/progenitor cells in these tissues suggests that stem cells could be a potential source of cells for replacing lost neurons or heart muscle,” Dr. Peterson said.

Dr. Ronald Kaplan, RFU executive vice president for research, commended both studies, stating: “These translational research efforts are key to discovering new therapies for cancer and brain diseases and are core to our research mission.”

ROSALIND FRANKLIN UNIVERSITY encompasses six colleges and more than 10 research centers and institutes. Learn more at rosalindfranklin.edu.

THE WALDER FOUNDATION champions Chicago and invests in science innovation. Learn more at walderfoundation.org.

Office of Marketing Communications
[email protected]

SOURCE Rosalind Franklin University of Medicine and Science


Metrika attracts investment from M12 and Nyca Partners

New funds will grow its product offering with financial institutions and regulatory agencies

CAMBRIDGE, Mass., Mar. 2, 2023Metrika, the leading blockchain operational intelligence and risk management platform, announced a $4M extension of their September 2021 Series A round. This extension was led by M12, Microsoft’s Venture Fund, and existing investor Nyca Partners, bringing its total amount raised to date to $22M. Metrika intends to use the funds to meet the increasing demand for the Metrika Platform from leading protocol teams and communities, as well as expand into financial institutions and regulatory agencies.

Metrika has recently released several new features for the Ethereum network, including metrics, dashboards, and alerts, in partnership with the Ethereum Foundation and Lido. These new features provide essential insights on critical topics such as Maximal Extractable Value (MEV), OFAC compliance for MEV Relays, and protocol upgrades, including Withdrawals, which will be enabled for the Ethereum network scheduled for the end of March. This level of visibility can be utilized by blockchain communities, financial institutions, and regulators to continuously monitor the stability and assess the protocol risks of blockchain networks that support new financial products and services.

“Financial institutions and regulators are realizing there is a blind spot in their risk management tools to offer crypto products and services,” said Nikos Andrikogiannopoulos, CEO, Metrika. “Traditional risk management tools were not designed to manage decentralized protocols; we need a different approach to deal with these new challenges.”

Metrika recently published a free technical guide on the challenges, opportunities and risks of staking for financial institutions.

Leading blockchain projects and their user communities such as Ethereum, Solana, Algorand, Hedera, Dapper Labs (creators of Flow and NBA Top Shot) and LACChain (with the Inter-American Development Bank) currently benefit from Metrika’s tools and services. Metrika has also expanded into the interoperability space with the addition of monitoring & alerts for the Axelar network. Metrika’s deep insights into these leading protocols provide a broad foundation for regulation and compliance tools for financial institutions and enterprises.

“We’re excited to partner with Metrika on their journey. Metrika provides an important contribution to the evolution of the web3 financial ecosystem,” said James Wu, partner at M12, Microsoft’s Venture Fund. “This latest round of funding will help Metrika accelerate product development to meet the unique risks that come with operating in the blockchain space, including regulatory compliance, decentralized security, and protocol-level risk management.”

“As soon as we met the Metrika team we were convinced they were providing an essential component for enterprises and financial institutions to participate in the future of digital assets. And the progress the company has made since our initial investment has strengthened that conviction,” said Hans Morris, Managing Partner at Nyca Partners. “So we are very excited to continue supporting Metrika as it paves the way for institutional adoption of digital assets.”

Metrika is a fast growing technology company, tripling its revenue in 2022, growing the size of its team by 40%, and expanding its platform with more protocols and customers. With this new funding, Metrika expects to accelerate its growth and help protocol teams, financial institutions, and regulators accelerate the adoption of digital assets.

About Metrika

Founded in Cambridge, MA in 2019 by entrepreneurs with ties to the MIT community, the Metrika team brings deep expertise in networking, monitoring and data analytics to blockchain. The company is building the leading blockchain operational intelligence, risk management and compliance platform to enable protocol teams, foundations, financial institutions, and regulators collaborate more effectively to accelerate the adoption of digital assets worldwide.

For more information, please visit www.metrika.co.

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SOURCE Metrika