Submitted claims are now under review and smart contracts will begin to be signed as claims are approved

LOS ANGELES, May 4, 2023 — The XPLA Blockchain, a next generation of Web3 mainnet developed with gamers at the core of its design, today announced it is in the final stages for the relief fund for $XPLA holders with tokens frozen due to the FTX situation.

The relief fund was unanimously approved by a community vote in January. $XPLA holders had until April 19, 2023, to submit claims for review. The review process included comparing submitted documentation to the records maintained by Kroll for the FTX incident. Once reviews are approved – contracts for $XPLA holders will be issued. 

“XPLA is the first blockchain to support its individual holders concerning the FTX incident by offering practical support. Several blockchain projects attempted to support its holders after the FTX incident, but unfortunately, none of the projects led to actual compensation. Team XPLA will continue our effort to make our holders whole again and to expand our ecosystem in a stable manner. Our team believes that we can set a positive example throughout the Web3 industry.” stated XPLA Leader Paul Kim. “From the vote to establish this fund through the actual support to holders will be less than six months – our team has seen how important this effort is to the community and we wanted to provide relief quickly.”

The relief fund includes a total of 19,600,000 $XPLA which was transferred to the Relief Fund Support Contract assigned from the Reserve Wallet. The legal process for submitting claims ran from April 7 – 19, 2023. XPLA is the first blockchain to develop and approve a Relief Fund for individual holders concerning the FTX incident.

About XPLA

XPLA is a global Mainnet encompassing NFT marketplace, metaverse, and entertainment. The XPLA ecosystem exhibits various DApps and protocols that facilitate the seamless Web3 adoption through XPLA GAMES, an all-in-one blockchain gaming platform and X-PLANET, the NFT marketplace which showcases games, entertainment, and digital art to the global Web3 market. To date, several games have been successfully brought onboard to the XPLA Mainnet, and more Web3 games including Summoners War: Chronicles, Ace Fishing: CREW, as well as  MiniGame Party are scheduled to join in 2023. XPLA is run by a network of global Web3 project teams, including YGG, Cosmostation, Ozys, 0x&, Animoca Brands, and Dexlab along with Com2uS Group.

For more information, please visit https://xpla.io

MEDIA CONTACT:

M Group Strategic Communications
[email protected]

SOURCE XPLA

LONDON, May 4, 2023 — OpenTrade has raised an oversubscribed funding round led by Sino Global Capital, with participation from other leading Web3 organizations including Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures.

OpenTrade’s platform will provide users seamless access to a suite of on-chain structured financial products that are backed by investment grade, liquid financial assets. It is secured using time-tested, bankruptcy remote legal structures that ensure investors are fully protected off-chain, while allowing them to continue to operate entirely on-chain.

OpenTrade’s initial products will include liquidity pools for U.S. Treasury Bills, investment grade commercial paper, and investment grade supply chain finance. The supply chain finance products embed USDC payments and financing directly in B2B networks and platforms to make internet-native, on-demand financing available to businesses of all sizes from a global network of non-bank liquidity providers.

OpenTrade was founded earlier this year by a team of blockchain, engineering, and finance veterans, including Dave Sutter and Jeff Handler, previously of Centre, the consortium founded by Circle and Coinbase to provide standards governance for USDC, Tom Niermann, formerly of Google and Meta, Michael Harte, former COO/CIO at Barclays and Santander and Michele Biscelgia, previously a Partner at AGFE.

OpenTrade’s founding team’s collective experience across Web3, stablecoins, and traditional finance prompted them to work towards building a platform that could serve the evolving needs of Web3 businesses, funds, and investors, who need access to on-chain investments that earn stable, predictable returns, and global supply chains that need access to non-bank financing options.

As part of the company’s formation, OpenTrade’s co-founder Michele Bisceglia and advisor Steve White launched a new dedicated structured finance and investment advisory firm, Five Sigma, that has been spun out of AGFE to manage all of OpenTrade’s ‘off-chain’ operations. Five Sigma has retained a fully staffed team of experienced financial professionals, and currently has over $700M USD in assets under management. Working with Five Sigma allows OpenTrade to function as DeFi’s first truly vertically integrated platform for on-chain investments into tokenized real-world financial assets, which drives lower costs for end-users and allows OpenTrade to dynamically originate, underwrite, and structure products across a wide variety of asset classes.

OpenTrade’s DeFi protocol is built on Circle’s payments infrastructure, runs on Polygon and Ethereum, and is established on widely accepted open-source standards and battle hardened technology infrastructure that has supported trillions of dollars in on-chain transactions. The use of composable and programmable dollars like USDC lowers costs, complexity, and risk across the entire transaction lifecycle for both investors and borrowers.

OpenTrade will leverage the funds from this funding round to scale its operations, and plans to launch in the second half of this year.

“Thrilled to back the OpenTrade team as they build the necessary infrastructure to bring real-world financial assets onto the blockchain.  In the next decade, we expect that a majority of assets will be brought onto public blockchains.  OpenTrade is leading this paradigm shift and we look forward to being day one customers.” – Ian Wittkopp, Sino Global Capital, Head of Investment

“OpenTrade is a team that has identified real use cases where the utility value of USDC and DeFi can drive broader usage of these technologies across global supply chains and finance providers. We are excited to invest in OpenTrade as they help unlock the utility value of USDC in structured and supply chain finance.” – Wyatt Lonergan, Head of Circle Ventures 

“We see that the tokenization of real-world financial assets as a key growth area across DeFi now and moving forward, and believe that the combination of OpenTrade’s experienced team, unique operating mode, and strong product / tech capabilities positions them to become a leader in this promising area.” – Jason Brannigan, General Partner at Kronos Ventures

“The growing trend of tokenizing real-world assets (RWAs) is opening up new possibilities for generating yield as the lines between decentralized finance (DeFi) and traditional finance (TradFi) become increasingly blurred. The future of institutional DeFi relies on the development of on-chain structured financial products that can bridge the gap between these two worlds. OpenTrade, with its experienced team and proven track record, is well-positioned to lead the next wave of DeFi innovation, and we are excited to support their mission.” – Loi Luu, Chairman, Kyber Ventures

About OpenTrade

OpenTrade is an enterprise grade treasury management platform that provides seamless access to a suite of on-chain structured financial products backed by investment grade, liquid financial assets. This provides Web3 institutions, businesses, and investors the ability to preserve capital, maintain liquidity, and earn stable, predictable returns that are uncorrelated to crypto price volatility, all while ensuring they can continue to operate entirely on-chain. The company was launched out of stealth in February 2023 and has operations in both London and Palo Alto.

For more information, please visit the OpenTrade website at: https://www.open-trade.io/

SOURCE OpenTrade

Funding round led by fintech-focused growth equity firm Ten Coves Capital brings total raised to date to more than $43 million

NEW HAVEN, Conn., May 4, 2023 — Inbox Health, a leading patient billing communications platform, announced today that it has completed a $22.5 million Series B financing round, bringing total capital raised to more than $43 million since inception. The Series B was led by Ten Coves Capital with participation from existing investors including Commerce Ventures, CT Innovations, Vertical Venture Partners, Healthy Ventures, and Fairview Capital.

Today, more than 2,600 medical practices across the U.S. rely on Inbox Health, and more than 3.5 million patients have used the platform to pay a healthcare bill. The Series B announcement follows news that Inbox Health’s billing technology was awarded a patent by the U.S. Patent and Trademark Office in April 2023.The new growth capital will further accelerate Inbox Health’s strategic growth as it continues to improve and modernize the billing, support, and payment experience for even more patients and healthcare organizations.

Inbox Health’s data-driven platform makes it easy to automate and personalize patient billing communications, modernizing long-standing industry norms of 30/60/90-day paper statement billing cycles. Patients can receive easy-to-understand medical bills via their preferred communication channel with convenient payment and support options like text, email, and live chat. This patient-first billing experience removes ambiguity around an often-complex component of the healthcare system and provides an efficient way for medical practices to manage patient collections.

Inbox Health’s platform manages billions of dollars in patient care by leveraging its growing suite of proprietary integrations with various practice management and electronic health record systems. This facilitates communication between practices, patients, and billing teams. Such flexibility allows Inbox Health’s software to seamlessly manage multiple practice groups from a single portal.

“It’s tremendous to see the impact our team has been able to have on the patient experience of millions of people over the last few years,” said Blake Walker, co-founder and CEO of Inbox Health. “It’s humbling to recognize the number of patients who still struggle with frustrating billing experiences and see how many providers and billers continue to navigate inefficient workflows. We have an opportunity to use this funding to magnify our impact and reach millions more patients, and that is motivating for our team.”

Billing companies and practices utilizing Inbox Health’s platform benefit from a data-driven approach that engages patients in a more efficient way, resulting in stronger financial results.

“Inbox Health has built a mission-critical solution addressing a large and growing pain point within the healthcare payments space, thereby bringing modern and efficient solutions to millions of patients and thousands of providers,” said Steven Piaker, Managing Partner at Ten Coves Capital. “We believe that Inbox Health’s leading solution delivers tangible value to all key players in the patient care process and are excited to partner with the Inbox Health team during its next phase of growth.”

As part of the investment, Piaker is joining the Inbox Health Board of Directors.

About Inbox Health
Inbox Health directly addresses one of the fastest-growing problems in healthcare—the challenge of patient A/R. Built for medical billers, Inbox Health automates patient billing and patient payments and modernizes the patient support experience. Inbox Health improves patient engagement by providing clear medical bills immediately after service, choice of payment methods and communication channels, and fast, empathetic support through the phone and live chat. By improving the patient experience, billers see an increase in profitability, cash flow, and collection speeds. With Inbox Health, billing companies report a 60% increase in collection speeds in the first 60 days. Inbox Health provides billing companies an automated, streamlined platform that saves time, reduces paper statement costs, and results in fewer patient phone calls. Inbox Health currently serves over 2,500 healthcare practices and has supported over 3.5 million patients. Headquartered in New Haven, Conn., Inbox Health was recently named to the Inc. 5000 list of fastest-growing private companies in America. More information can be found at www.inboxhealth.com.

About Ten Coves Capital
Ten Coves Capital backs high growth B2B software companies across the FinTech ecosystem where its capital, network, and decades of experience can help accelerate growth and value creation. Investing across payments, banking & lending, asset management, capital markets, and insurance & benefits (among other segments), the Ten Coves team has helped scale 40+ companies that are solving industry pain points, enabling workflows, and providing critical infrastructure to the largest financial institutions down to SMBs. For more information, visit tencoves.com.

SOURCE Inbox Health

JERUSALEM and NEW YORK, May 4, 2023 — Jerusalem Venture Partners (JVP), a leading Venture Capital fund, today announced that it is expanding its team in New York, welcoming Shlomi Hagai as Partner and Head of the international JVP Cyber-Climate-tech center in NYC.

Shlomi brings over 25 years of experience as a CEO and CFO of leading fast-growing international technology companies, and we have the privilege of working with him in some of the JVP portfolio companies.

For the past 4 years, Shlomi was the group CFO of Contentsquare a French -US – Israeli global leader in digital experience analytics, which has hundreds of millions of dollars in revenue, and its AI-powered platform provides rich and contextual insight into customer behaviors, feelings, and intent.

Shlomi will be working closely with JVP’s scaleup companies, as they are building their marketing and Sales organizations in New York and become international market leaders.

Erel Margalit, Founder and Executive Chairman of JVP and Margalit Startup City said, “We are excited to welcome Shlomi Hagai as our new Partner to lead the JVP New York office and to spearhead our international cyber-climate-tech center in NYC. JVP partners and the senior management team wish Shlomi great success in his new role and look forward to continuing to build together global market leaders on the West, East Coast, and internationally”.

Commenting on his new role, Shlomi Hagai said: “I am grateful to Erel for the great opportunity to join one of the leading funds in the world.  After spending 25 years working in international technology companies, I am eager to embark on a new venture with JVP. I have a longstanding relationship with many of the JVP partners and the team. JVP is home to companies from Israel, and with New York serving as a crucial hub for the global market, I find this opportunity incredibly thrilling. My aim is to drive JVP towards significant growth and profitability, to strengthen our presence in the ecosystem, provide support to our portfolio companies that are based in New York, and identify new investment opportunities.”

About JVP:
Founded in 1993 by Dr. Erel Margalit, JVP is an internationally renowned VC fund. It is among the pioneering firms of the Israeli VC industry and has raised over $1.75bn and invests in companies in the early and growth stages. Over the years, JVP has built over 160 companies and has been listed numerous times by Preqin, as one of the top six consistently performing VC firms worldwide with portfolio companies that drive global markets today. JVP’s winning strategy combines company creation with early and late-stage investment.

JVP has been instrumental in building some of the world’s largest companies to emerge, orchestrated dozens of industry acquisitions to leading international companies including IPOs on NASDAQ in the areas of communication, cyber, AI & enterprise, fintech, including CyberArk ($5.5 billion), Qlik ($2.5 billion), Netro ($5.5 billion), Chromatis ($4.8 billion), Cogent ($2.5 billion). The core areas of the fund’s investments are Cyber, Enterprise & AI, Fintech & Insurtech, and Foodtech & Agtech, now adding ClimaTech.Over the past decade, JVP has spearheaded the creation of international Centers of Excellence, including the AI and Media Center in Jerusalem, the Cyber Center in Beer Sheva, the FoodTech Center in the Galilee, the Digital Health Center in Haifa, the Fintech Center in Tel Aviv and the International Cyber and Climate-tech Center in NYC.  Visit the JVP Website https://www.jvpvc.com.

 Photo: https://mma.prnewswire.com/media/2069632/JVP.jpg

SOURCE JVP

The round included participation from Fin Capital, Great Oaks, Mantis, WndrCo, Ethos and Jaws

NEW YORK, May 4, 2023 — Setscale, a fintech startup revolutionizing purchase order financing for SMBs, today announced it has raised a $9.5M seed funding round, as well as secured up to $70M in debt.

The company’s CEO and Founder, Daniel Fine, saw the opportunity for Setscale after he and his team built a nine-figure business, but left millions in orders on the table due to lack of funding options for small businesses. With this new endeavor, the Setscale team aims to mitigate this issue for SMBs by providing alternative financing options that enable them to scale. Round participants include Fin Capital, Great Oaks, Mantis, WndrCo, Ethos and Jaws along with executives and founders from top Fintech and SaaS companies.

Banks have nearly always underserved SMBs and the fallout from Silicon Valley Bank has put more strain on this issue. Setscale provides a flexible alternative, enabling companies to fulfill existing and forward demand through an underwriting model intended to help companies scale. Rather than relying on traditional and legacy institutions, SMBs can use Setscale independently or in partnership with existing capital to fund their inventory and purchase orders.

Coming out of stealth, Setscale’s leadership team is rounded out by Jesse Roth, Chief Business Officer and General Counsel, Tami Mohney, Chief Strategy Officer, Don Renyer, Chief Product Officer, and Tim Bjorkman, Chief Technology Officer.

“As a business owner, I’ve experienced the struggles of financing purchase orders first-hand,” said Fine. “There’s clearly a need for more financing options for companies that might be overlooked by legacy financial institutions, even though there is market demand for their products. This is a critical time for companies to understand how and from where they will access capital – it’s an exciting challenge and with the support of our partners, our team is poised to help product-based companies thrive and meet consumer and B2B demand.”

Setscale will use the funding to expand its current tech offerings, continue building out its team, and double down on marketing efforts. The debt facility enables Setscale to deploy capital to its partners to finance product purchases from credit worthy end buyers.

“We are committed to supporting repeat founders and Daniel’s vast experience in many business endeavors gives him a unique perspective on what business owners need, especially in this challenging climate,” said Logan Allin, Founder and Managing Partner of Fin Capital. “Setscale’s innovative approach to purchase order financing is exactly the type of B2B fintech Fin Capital is excited about, bringing scalability to businesses.”

Setscale has helped companies across the CPG, ecommerce, health and wellness, medical and manufacturing spaces, enabling transactions for dozens of entities.

To learn more about Setscale, please visit https://setscale.com/

About Setscale:
Setscale is a fintech startup solving the trade financing dilemma for small businesses. Small businesses frequently get purchase orders, but don’t have the money to fill them. Through its PO financing technology, Setscale finances the cost of those goods, allowing small businesses to focus on product and sales, enabling them to scale. Setscale is an ideal partner for SMBs, coming in where traditional financial institutions won’t, enabling SMB’s to finance their growth. Setscale funds supply. You meet demand.

SOURCE Setscale

MILWAUKEE, May 4, 2023 — EVEN is on a mission to build equity in the music industry by empowering Artists and Fans to invest in each other. EVEN allows Artists to sell their music directly to fans before uploading their music on streaming platforms. In turn, Fans are rewarded like never before with access to exclusive content, merch, tour tickets, and one-of-a-kind experiences with their favorite Artists.

EVEN believes there needs to be a shift to the existing paradigm for emerging and established talent, particularly Black and Brown artists to earn their fair worth for their contributions to the music industry. “I’m encouraging artists to go through EVEN and use their system because as an artist, people should buy your art from you.” – LaRussell. EVEN’s MVP artist launch with Hip Hop artist LaRussell resulted in approximately $100,00 in revenue and a + 2000% increase in his overall streaming revenue. To put it into perspective, on streaming platforms, an artist would typically need over 200,000 fans per month to generate $5,000 in revenue. Built on the Blockchain technology, EVEN ensures that artists and their teams are paid immediately and transparently after each transaction.

“We are excited to champion EVEN’s vision to capsize the music industry and thrilled to be leading their seed round investments. EVEN has built an elegant solution connecting artists with fans in a direct and profitable way for all parties,”- Steve Mech, CSA Partner. EVEN has raised a $2.2Million seed round led by CSA partners with participation from a diverse group of investors including gener8tor, VC414, gAngels, Daniel Rotman, Adie Akuffo-Afful, Donte Murry, and Ogo.

“At EVEN, we are passionate about evening out the playing field for Artists and Fans. Artists should be able to earn fairly for their artistic contributions, and OG Fans should not be edged out of concert tickets and access to their favorite artists. With our new funding, we will be accelerating our platform with innovative tools to connect and build authentic community between artists and fans,” – Mag Rodriguez, EVEN, Founder & CEO.

The Future of Music is EVEN
EVEN was founded on two simple but powerful beliefs: Artists should be paid fairly for the music they create, and Artists and Fans should have a direct connection. We believe that Artists and Fans want to be connected in inspiring ways, and this is the foundation of EVEN’s mission and how we build technology to support these communities.

New Product Features to include:

• EVEN Chat, an on-platform destination for Artist-to-Fan communication but also fan-to-fan communication. Currently in Beta
• EVEN Fan Connect, a tool allowing Artist teams to send SMS and email notifications directly to fans on EVEN. Currently in Beta

Following EVEN’s beta launch projects with: French Montana, Destin Conrad, Kota the Friend and Xavier Omar, the future of music at EVEN is even more exciting with Spring & Summer music launches and partnerships to include:

• Grammy nominated Artist, Omarion
• Grammy nominated Artist, Jidenna
• Emerging Artist, femdot.

EVEN will be launching over 600 artists before the end of the year, with a current waitlist of 4,000+ artists.

Media Contact: Tomi Talabi, [email protected], +19174952484

SOURCE Even

MENLO PARK, Calif. and BIRMINGHAM, Ala., May 4, 2023 — Oak Hill Capital (“Oak Hill“) has committed $150 million in primary capital to Lit Communities (“Lit”) to further fund and accelerate the construction of Lit’s fiber-based network in unserved and underserved communities across the United States. Lit’s existing shareholders, including Stephens Capital Partners (“Stephens”), The Pritzker Organization (“TPO”) and the Lit management team, are all remaining shareholders and plan to continue to support the business going forward.

Lit was founded in Birmingham, AL, in 2019 and leverages public-private partnerships with local governments and municipalities to build and operate last-mile fiber networks. The company now has networks in place, under construction or in planning in Ohio, Pennsylvania, and Texas.

“Lit Communities is already in a strong position with the backing from Stephens and TPO – their experience in the industry and understanding of our model has been paramount in our success to date.  We’re thrilled to partner with Oak Hill to further strengthen our position by benefiting from their long-standing experience and expertise in our space,” said Brian Snider, Chief Executive Officer at Lit. “I could not be prouder of the Lit team; they are what truly sets us apart. The future is extremely bright at Lit.”

“This is a pivotal point for our company,” said Andrew Massey, Chief Financial Officer for Lit. “We’ve spent years developing an expertise in collaboratively working with local governments and municipalities to determine where and how to efficiently build networks. The Oak Hill investment provides us the capital and expertise to accelerate our plans of providing ultra-fast, reliable, and affordable broadband service in the communities we partner with and serve.”

In partnership with local communities and vendors, Lit has successfully built and currently operates fiber networks reaching approximately 20,000 homes and businesses. Oak Hill’s investment will enable Lit to bring state-of-the-art, high-speed fiber-to-the-home networks to more than 200,000 locations over the next few years. Oak Hill is an experienced investor in broadband expansion through fast-growing, independently owned networks in multiple states. “We are thrilled to be partnering with Brian and his talented team, alongside Stephens and TPO, to support the expansion of Lit’s fiber network to many more underserved American communities,” said Adam Hahn, Principal at Oak Hill. “We believe that reliable, high-speed access to the Internet is fundamental to driving economic growth and equal opportunity in local communities across the country,” added Jeff Butler, Vice President at Oak Hill.

Bank Street Group LLC served as exclusive financial advisor and Latham & Watkins LLP and Maynard Nexsen served as legal counsel to Lit Communities and existing equityholders in connection with this transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Oak Hill.

About Lit Communities

Lit Communities provides a full, turnkey solution for building broadband infrastructure in communities of all sizes, enabling them to create digital equity for their residents, businesses, and municipalities. We partner with real estate developers, municipal, county, and other governmental entities, as well as a variety of private partners to deploy last-mile fiber optic network infrastructure. Our networks also support a wide variety of other services in addition to internet, including but not limited to voice, telehealth, home security, home automation, small cell, DAS, and wireless backhaul, and public safety applications. For more information, please visit www.litcommunities.net.

About Oak Hill Capital

Oak Hill is a longstanding private equity firm focused on the North America middle-market. Oak Hill is a specialist, theme-based investor dedicated to investing in the following industry sectors: Media & Communications, Industrials, Services, and Consumer. The Firm implements a highly systematic approach to theme development, proactive origination, and value creation in partnership with management to build franchises of lasting value. Over the past 35+ years, Oak Hill and its predecessors have raised over $20 billion of initial capital commitments & co-investments and invested in approximately 100 companies representing an aggregate enterprise value at acquisition of over $60 billion. For more information, please visit www.oakhill.com.

About Stephens Capital Partners

Stephens Capital Partners LLC (“SCP”) is the principal investing arm of the Warren A. Stephens family and Stephens Inc. SCP identifies opportunities to work with industry-leading management teams with a long-term perspective. SCP provides public and private companies with capital for purposes of growth, recapitalization, and leveraged buyouts. For more information, see www.stephenscapitalpartners.com. 

Stephens Inc. is a full-service investment banking firm headquartered in Little Rock, Arkansas serving a broad client base of corporations, state and local governments, financial institutions, institutional and individual investors throughout the United States and overseas. The firm is a member of the New York Stock Exchange and SIPC. For more information, see www.stephens.com.

About The Pritzker Organization

The Pritzker Organization is focused on partnering with exceptional leaders to create value across a wide range of industries. For more than 60 years, TPO has overseen and guided the development of dozens of portfolio companies across a wide variety of industries, including telecom, manufacturing, logistics, life sciences, hospitality, healthcare, and services. Additional information can be found at https://pritzkerorg.com/.

SOURCE Lit Communities – LW

“We look forward to this next phase of growth as we continue to define the emerging connected worker software category,” said Sundeep Ravande, Founder and CEO of Innovapptive. “Vista has significant experience scaling enterprise software businesses and emerging technologies. We are thrilled to have them lead our Series B investment and work alongside our team to advance and scale our vision, product innovation and go-to-market efforts. This partnership will enhance our platform capabilities to integrate with enterprise systems, capture actionable insights, make recommendations for productivity and safety, and close the loop between assets and people.”

The investment in Innovapptive was made by Vista’s Endeavor Fund, which provides growth capital and strategic support to market-leading, high-growth enterprise software, data and technology-enabled companies that have achieved at least $10 million in recurring revenue. Endeavor partnerships focus on growth, market strategy, talent and customer success – building enduring businesses designed to scale. Founders and management teams benefit from the expertise and support of Vista and its global ecosystem to deliver unparalleled value to their customers, unlock the potential of their employees and accelerate market leadership. Ben Benson, Senior Vice President at Vista, will join Innovapptive’s Board of Directors effective immediately.

“Innovapptive is a high-growth, emerging leader in the connected worker software category. Its mission-critical solutions satisfy the growing demand from asset-intensive industries to connect front-line and back-office data sources for enhanced business operations, well positioning the Company for long-term growth and success,” said Rachel Arnold, Co-Head of Vista’s Endeavor Fund and Senior Managing Director. “Sundeep and his team possess the vision, talent and deep institutional knowledge to shape the future of connected worker solutions; we look forward to our partnership and helping them achieve their goals,” added Benson.

About Innovapptive

Innovapptive is a global leader for industrial connected worker solutions that brings front-line workers, back-office and assets together. The company uniquely unlocks all aspects of an enterprise’s work management processes with its flagship patented no-code connected worker platform and integrated suite of apps that tightly integrate with enterprise ERP’s, enterprise asset management (EAM) and asset performance management (APM) systems. The platform empowers operators, maintenance and warehouse teams to seamlessly collaborate and communicate to carry out work identification to work management workflows. Today, Innovapptive serves some of the world’s largest asset intensive customers and helps them attract and retain the best talent with it’s platform’s end to end digital solutions to improve operational efficiencies, safety, compliance, asset uptime, and reliability. Innovapptive is headquartered in Houston, TX, with offices in Australia, and India. Learn more at www.innovapptive.com.

About Vista Equity Partners

Vista is a leading global investment firm with more than $96 billion in assets under management as of December 31, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.

Innovapptive Media Contact
Sri Karthik
[email protected]
(317) 361-2007

Vista Equity Partners Media Contact
Brian W. Steel
[email protected]
(212) 804-9170

SOURCE Innovapptive

NEW YORK, May 4, 2023 — OKX Ventures, the investment arm of the second-largest crypto platform by trading volume and Web3 technology company OKX, today announced that it has invested in community-based NFT marketplace and aggregator AlienSwap.

Since the AlienSwap beta version was released two months ago, its cumulative trading volume has exceeded USD$50 million. Currently, AlienSwap ranks third in daily active users and fifth in daily trading volume on the Ethereum network. With this round of funding, AlienSwap will officially begin its scaled growth and aim to become the top NFT marketplace.

OKX Ventures Founder Dora Yue said: “With the total trading volume of NFTs reaching approximately USD$24.7 billion in 2022, OKX Ventures is optimistic about the long-term development of the NFT sector and we’ve already laid out plans for multiple NFT projects. OKX Ventures hopes that this investment can help AlienSwap become a more efficient NFT marketplace and reshape the competitive landscape of the industry.”

AlienSwap Founder Ying Mu said: “The new investments will be used to expand the AlienSwap engineering team, develop innovative liquidity tools and trading products for NFTs, and increase investment in NFT infrastructure to enhance the community’s trading experience. The core team of AlienSwap and all investors share a consistent goal: to build a leading NFT trading platform in the industry and inject new vitality into the NFT ecosystem through product innovation and community building.”

About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

Find out more about OKX Ventures here.

About OKX
OKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume.

OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, visit: okx.com

SOURCE OKX