The Funding will Fuel WaveBL’s Global Growth and Market Expansion in the Digital Trade Documents Sector

TEL AVIV, Israel, June 6, 2023 — WaveBL, a market-leading provider of electronic Bills, has successfully raised $26 million in its latest funding round, consolidating its position as a leading player in the digital trade document sector globally.

The round was led by NewRoad Capital Partners, an operator-led, demand-driven investment firm focused on innovative and growth-oriented companies in the supply chain and logistics, retail, and marketing technology sectors. Existing investors ZIM, Marius Nacht, Contour Venture Partners, Frank Sica, and Techstars Central LLC also participated in this funding round, as did a new investor, Reefknot Investments, backed by Temasek and Kuehne + Nagel.

WaveBL, led by former technological leaders and experts from the Israel Defense Forces, has emerged as the premier digital platform for the electronic transfer of trade documents. WaveBL’s proprietary blockchain technology enables the instantaneous, secure, and authenticated transfer of unique electronic trade documents, ensuring compliance with universal processes and regulations. WaveBL’s state-of-the-art multi-carrier platform is trusted by the world’s largest ocean carriers and NVOCCs, including MSC, ZIM, Hapag Lloyd, ONE, Leschaco, and Saco, and is designed to meet the needs of all parties involved in trade.

“Our goal is to streamline, speed up and reduce the cost of global commerce by breaking the trade industry’s paper addiction,” stated Noam Rosenfeld, CEO of WaveBL. “We offer blockchain technology as the new gold standard for trust between trade partners, a game changer for international trade. The investment will be used to expedite our growth by increasing our employee base, primarily in sales, marketing, and R&D.”

“NewRoad Capital Partners is excited to join Wave BL in an effort to accelerate the digitization of global trade from today’s manual, paper-based processes to technology that enables increased speed and security, reduces costs, and creates a more environmentally friendly solution. All reasons why we are excited to be a part of this transformational journey,” said Gary Adams, Operating Partner at NewRoad Capital Partners, and former Supply Chain Officer at Walmart. Following this round, Gary will join WaveBL’s board of directors.

WaveBL’s strong alliances with leading customers and other stakeholders in global trade are driving faster digitalization and adoption of electronic trade documents. The company is poised to continue its leadership in the digital trade document sector, establishing a new benchmark of trust and efficiency in international trade.

About NewRoad Capital Partners

NewRoad Capital Partners, LLC (“NewRoad”) invests in high-growth supply chain and logistics, retail, and marketing technology companies. As experienced entrepreneurs and operators, the NewRoad team prides itself on the high level of collaboration it brings to each of its investments. NewRoad’s team of investment professionals, operating partners, and strategic advisors have deep, relevant investing and operating expertise, including significant experience leading large divisions of enterprise companies and building businesses of scale from concept to realization. For more information, visit www.newroadcp.com.

About WaveBL

WaveBL is a digital platform using proprietary blockchain technology to electronically transfer trade documents. The WaveBL solution enables the instant, encrypted, and authenticated transfer of electronic Bills and related trade documents. The platform complies with universal processes and regulations in use.

For more information, visit www.wavebl.com

Contact person
Ilan Weiss
[email protected] 

Photo: https://mma.prnewswire.com/media/2093947/Wave_BL.jpg
Logo: https://mma.prnewswire.com/media/2093948/WaveBL_Logo.jpg

SOURCE WAVE BL

• Backed by global technology investor EQT Ventures and impact investor Norrsken VC, evroc recently closed a seed funding round to build its launch team.
• In 2024, evroc will establish a pilot center in the Stockholm region, while initiating a site selection process to determine the location of its first hyperscale data centers and additional software development hubs.
• evroc plans to build eight hyperscale centers and three development hubs across Europe by 2028, employing over 3,000 people in total.

STOCKHOLM, June 6, 2023 — Founded in 2022 to power a digital Europe, today evroc presents its plans to build Europe’s first secure, sovereign, and sustainable hyperscale cloud, putting an end to the foreign dominance of the European cloud market.

Backed by global technology investor EQT Ventures and impact investor Norrsken VC, evroc recently closed a seed funding round to build its launch team. The company now plans to raise and invest €3 billion over the next couple of years to develop and operate two hyperscale data centers – one in Northern Europe and one in Southern Europe. By 2028, evroc’s aims to establish eight hyperscale data centers, as well as three software development hubs, across the continent, employing over 3,000 people in total.

“The lack of home-grown hyperscale cloud providers poses a serious challenge for Europe. Not only because our citizens’ data is placed under foreign ownership by companies operating under laws that conflict with European privacy legislation. It is also a real threat to our long-term competitiveness in a digital world where others are advancing much faster. Europe’s digital economy must be built on a European foundation,” says Mattias Åström, founder and CEO, evroc.

Cloud services play a key role in critical digital infrastructure. Between 2017 and 2022, the European cloud market grew five-fold. During the same time, the market share of European cloud players fell from 27% to 13%.

A competitive European hyperscale cloud is critical to enable the continent’s digital economy, keeping investments, job creation, technology development and intellectual property rights within its borders. It will also give Europe digital sovereignty that is compliant with European privacy legislation, settling a long standing problem.

“evroc has spotted an exciting opportunity to make Europe a leader in cloud technologies by bringing together the continent’s brightest minds, ambitious thinkers, and experienced entrepreneurs. We believe the next generation of European tech companies will be built on evroc’s cloud services,” says Ted Persson, Partner at EQT Ventures.   

Data centers have until now had a significant environmental footprint, consuming about three percent of the global electricity supply, and accounting for two percent of global greenhouse gas emissions.

evroc will build the world’s cleanest cloud by leveraging next-generation energy-efficient technologies to maximize its sustainability impact, including a unique and proprietary eco load balancer solution. The eco load balancer enables data to flow seamlessly and securely between evroc’s data centers based on where renewable energy is most readily available and affordable.

“The data center industry is on par with the airline industry in terms of greenhouse gas emissions. Data processing will continue to grow substantially over the coming decades, causing significant emissions and damage to our climate, unless we change direction. evroc’s holistic strategy for clean energy usage, combined with the implementation of state-of-the-art energy efficiency technology, could set the standard for the entire industry,” says Tove Larsson, Partner at Norrsken VC. 

This year evroc is piloting its software stack together with selected key customers across government, military, financial services and automotive sectors. evroc’s offering includes a full suite of cloud services, integration to third party applications and a best-in-class developer experience.   

In 2024, evroc will establish a pilot center in the Stockholm region, while initiating a site selection process to determine the location of the first two European hyperscale centers and additional software development hubs.

“Status quo is not an option for Europe. We want to build a better cloud that is secure, sustainable, and sovereign, and with that, power Europe’s digital economy,” says Mattias Åström.

About evroc

Founded to power a digital Europe, evroc is building a secure, sovereign, and sustainable hyperscale cloud with best-in-class services and developer experience. The company is headquartered in Stockholm, Sweden, with a development office in Sophia-Antipolis, France. By 2028, evroc will operate eight hyperscale data centers and three software development hubs across Europe.

The CEO and founder, Mattias Åström, spent more than a decade building technology companies in the United States and is now returning to his native Sweden. Prior to evroc, Mattias founded five businesses, with energy efficiency at the core, that were acquired by Apple, Nokia, Murata and Schneider Electric.

Photo – https://mma.prnewswire.com/media/2091831/evroc.jpg
Logo – https://mma.prnewswire.com/media/2091761/evroc_Logo.jpg

Contact:
[email protected]

SOURCE evroc

WICHITA, Kan., June 5, 2023 — Less than a year after its product hit the market, PLOT Communications, Inc. (www.getplot.com), a SaaS management platform for construction jobsites, has announced just over $2M in fresh funding to continue its mission to enhance Jobsite Coordination. With this investment, PLOT will add to its product/engineering team and begin building out sales & customer success teams.

The round was led by GroundBreak Ventures based in Toronto, with significant involvement from KCRise Fund, GROWKS Equity Fund, Iron Prairie Ventures, and Suffolk Technologies. The fundraising round also included a follow-on investment from Koch Industries, Inc., who initially funded the company in late 2021. This brings the total amount PLOT has raised to just over $3M.

With rising input costs driven primarily by labor shortages, materials cost escalation, and supply chain disruptions, builders are increasingly turning to technology to optimize jobsite performance and reduce errors, rework, and unnecessary project costs. PLOT’s platform cuts through the arduous tasks of jobsite management by providing better options for coordination and communications among all relevant stakeholders. “PLOT has assisted in expediting smooth, uninterrupted movement of material deliveries on the jobsite,” says Ben Sparks, Sr. Project Engineer at Walbridge.

“We are ecstatic to reach this milestone and look forward to working alongside our new partners to bring common-sense, easy-to-use software to the Construction industry,” says Chris Callen, Founder/CEO of PLOT and former concrete contractor. “From data centers and vehicle manufacturing facilities, to 10-unit housing developers, we have found that PLOT dramatically improves jobsite communication, no matter the project size.” PLOT has already been used by over 400 general contractors, trade contractors, and owners across the country. “With its visual site plan, scheduling intelligence, and transparency towards the project team, PLOT makes getting materials to the jobsite effortless,” says Ben Stocker, Construction Technologist at Skender.

Scott Kaplanis led the investment on behalf of GroundBreak Ventures, a leading early-stage proptech fund with considerable construction technology and logistics expertise. “We see PLOT emerging as the go-to operating system for site logistics and coordination. By debottlenecking scheduling, delivery and material management, PLOT vastly improves site efficiency and can help unlock considerable working capital for all stakeholders. Imagine finally realizing the benefits of Just-In-Time (JIT) best practices at every construction site.”

Announced today in tandem with the new financing, PLOT will be launching a new Lead Time module targeting construction material ordering and shipment. “Delivery to the jobsite is only a small part of the coordination puzzle. PLOT’s new Lead Time tool gives jobsite teams tools to track materials through approval, ordering, shipping, and it fits hand-in-glove with PLOT’s delivery management module,” says Callen.

Contractor and Media inquiries can be sent to [email protected].

SOURCE PLOT

HELSINKI, June 5, 2023 — Fixably, a globally recognized after-sales SaaS company, has successfully secured $10 million in funding and is launching a new product to extend the lifespan of over 10 billion devices.

The funding round included global investors such as 468 Capital, Cusp Capital, icebreaker.vc, and Business Finland. It comes at a time when the used smartphone market is projected to grow from $66.8 billion in 2023 to $143.8 billion in 2031, a significant opportunity for the recommerce sector.

The introduction of Fixably Refurb demonstrates the company’s commitment to creating a comprehensive global after-sales platform.

The innovative solution addresses the challenges faced by re-commerce companies, including sourcing, price management, reporting, grading, and the ability to scale their business.

Billions of dollars worth of transactions are run on spreadsheets, simple in-house solutions, or poorly-configured ERP systems. By enabling data-driven re-commerce operations, Fixably Refurb adds substantial value to the circular economy of consumer electronics.

Fixably Repair, the company’s first Saas product, is a repair workflow management solution that encourages repairability and profitable after-sales business. The solution serves its primary markets in North America, South America, Europe, and Australia.

Fixably Refurb will benefit greatly from the existing service capacity of the Fixably Repair network in over 35 countries, supported by Fixably’s diverse international team representing 20 different nationalities.

A Brief Overview of Fixably’s Timeline:

2010: Joel Mansnerus, an electronics repair enthusiast, establishes a service business focussed on Apple devices and scales the business with a custom in-house solution.

2014: The business outgrows both in-house and commercially available repair management options. Everything points to a market vacuum for a platform designed to manage repairs.

2015: The initial version of Fixably Repair is built and designed to fill this gap. The early Fixably team bootstraps the business for the first few years.

2020: Fixably accepts funding for the first time for go-to-market motion. Venture capital firm icebreaker.vc leads a pre-seed round accompanied by government incubator funding.

2022-2023: Having expanded to four continents, Fixably secures its second round of funding, totaling $10 million.

June 2023: The company launches Fixably Refurb, a re-commerce management platform and their second solution available globally.

Media Contact:

Sam Abraham

+358 404895879

[email protected] 

http://www.fixably.com/

SOURCE Fixably

The round was led by SPRIG Equity with participation from all major Series C investors

NASHUA, N.H., June 5, 2023 — Conformal Medical, Inc., a medical device company developing next-generation left atrial appendage occlusion (LAAO) technology, today announced the successful completion of its Series D funding round, raising a total of $35 million.

“SPRIG Equity is focused on enabling transformative medical technology companies to achieve meaningful milestones, and more importantly, improve the quality of human life,” said Evan Norton, Managing Partner of SPRIG Equity. “We see the investment in Conformal Medical as an opportunity to accelerate innovation in the LAAO market, which is of strategic importance to major medtech players.”

The highly supported round reflects the progress and achievements made since its last funding round, which includes the initiation of the CONFORM Clinical Trial. The CONFORM Trial is the company’s pivotal trial evaluating the safety and efficacy of the CLAAS® System compared to other commercially available LAAO devices and will support U.S. Food and Drug Administration (FDA) pre-market approval. The CLAAS System is designed to seal the left atrial appendage (LAA) in patients with non-valvular atrial fibrillation (Afib) to reduce the risk of stroke without the need for anticoagulants.

“Conformal Medical is committed to bringing the innovative CLAAS System to the large and rapidly growing LAAO market in the United States,” said James Reinstein, CEO. “The Series D funding provides us the resources to complete enrollment in the CONFORM trial, drive iterative development projects, and broaden the clinical experience of the CLAAS System in expanded geographies. We are thrilled with the ongoing support of our investors and welcome SPRIG Equity in recognizing the significant market opportunity and the potential advantages our system can provide.”

Conformal Medical’s proprietary CLAAS technology features a foam-based architecture designed to conform to a broad range of LAA anatomies with only two sizes. The CLAAS device further aims to simplify the procedure by allowing off-axis positioning while providing a more uniform seal. The CLAAS implant may also be able to eliminate the need for procedural transesophageal echocardiogram so that physicians may perform the procedure without general anesthesia. This is a significant advancement with the potential to shift clinical practice to a single operator procedure performed under conscious sedation without general anesthesia. The company remains focused on completing the clinical trial to demonstrate its safety profile and ability to offer breakthrough solutions that address unmet clinical needs and transform the way structural heart diseases are diagnosed and treated.

About Conformal Medical
Founded in 2016, Conformal Medical, Inc. is a medical device company developing devices to prevent stroke in patients with non-valvular Afib. The company’s proprietary technology is intended to make LAAO a same day, single operator procedure. For more information, visit https://conformalmedical.com/.

About SPRIG Equity
SPRIG Equity is a growth equity and late-stage venture capital firm dedicated to improving patient outcomes by partnering with best-in-class teams and advancing medical technologies. For more information, visit https://sprigequity.com.

For further information, please contact:

MEDIA CONTACT:
Dana Sullivan
Conformal Medical, Inc.
[email protected]

SOURCE Conformal Medical, Inc.

The fastest-growing AI retail planning provider expands lead against competitor solutions and boosts customer delivery for AI-powered retail solutions

LINTHICUM HEIGHTS, Md., June 5, 2023 — Impact Analytics™, a leading provider of SaaS AI-based solutions for supply chain and merchandise planning in retail, CPG and manufacturing, announced today the closing of funding from Vistara Growth. This quickly follows the funding secured in February 2021 and October 2022 from Argentum.

“We have witnessed how Impact Analytics’ product suite provides their clients with a step-change in the way they manage retail planning, inventory allocation and pricing,” said Neil Kenley, Director at Vistara Growth. “We are thrilled to partner with the company’s founder and CEO, Prashant Agrawal, and the entire Impact Analytics team as they expand their offerings and onboard additional retailers and merchants looking to modernize their operations.”

This funding round will accelerate the company’s global expansion plans and most notably help further develop the Impact Analytics SmartSuite™ product portfolio, which optimizes forecasting, merchandising, and end-to-end lifecycle pricing. Clients such as BJ’s Wholesale Club, Dick’s Sporting Goods, Puma, Tapestry, and many others choose Impact Analytics to power their planning and pricing workflows. Every day, more new clients recognize the AI-led power of SmartSuite.

Companies historically created forecasts based on the preceding year, which is no longer a tenable strategy. Contrast that with Impact Analytics clients, who outdo their competition by utilizing a leading forecasting engine that incorporates internal and external data. Using more than 150 variables to mix recency and history, Impact Analytics products process more than 30,000 modeling constructs to generate highly accurate forecasts that drive smarter decision making, improved operational efficiencies, and maximized profits.

Impact Analytics was recently ranked in the top 100 on Fortune’s 2023 list of the Most Innovative Companies in America, which in part explains why in 2023 it was also named one of the fastest growing companies in America by The Financial Times—for the fourth straight year.

“We appreciate Vistara Growth’s faith in our continuing success,” said Impact Analytics CEO Agrawal. “AI- and machine learning-driven forecasting is an industry necessity. Company leaders recognize that the AI-led insights provided by our products enable their organizations to make swift, strategic actions with predictable—and predictably positive—results.”

ABOUT IMPACT ANALYTICS
Impact Analytics is a proven leader in Retail, CPG, Manufacturing and Supply Chain focused enterprise AI SaaS solutions. Its suite of products for planning, forecasting, merchandising and end-to-end lifecycle pricing is empowering leading retailers to make smart data-based decisions, transform their businesses, and achieve substantial business benefits. Impact Analytics’ unique engagement model allows for quick implementations to be executed in a cost-efficient manner with lower TCO. To learn more, visit www.impactanalytics.co.

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

Ron Margulis
RAM Communications
Phone: (908) 337-0020
[email protected]

SOURCE Impact Analytics

After announcing $139M from its B-1 in March, Amogy closes its B-2 raise with $11M extra – concluding its $150M total Series B fundraising

BROOKLYN, N.Y., June 5, 2023 — Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, today announced its $11M Series B-2 fundraising, joined by Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America and Synergy Marine. This funding concludes Amogy’s Series B fundraising. In March, Amogy announced its Series B-1 round of $139 million led by SK Innovation. The Series B-2 round further propels Amogy’s momentum to support commercialization, begin manufacturing of its innovative ammonia-to-power technology, and bring its first product to market in 2024.

“This additional funding presents the rapidly increasing global interest in our technology and its potential to change the world, taking us one step closer to ammonia-driven decarbonization of heavy industries,” says Seonghoon Woo, CEO of Amogy. “

Amogy’s highly-efficient ammonia-to-power technology feeds liquid ammonia through its cracking modules integrated into a hybrid fuel cell system, which powers electric motors for zero-carbon transportations including shipping. Amogy plans to present its ammonia-powered, zero-emission tugboat in late 2023 — which is three times larger than the system that was field-tested on Amogy’s ammonia-fueled semi truck earlier this year. Upon the successful sail of the tugboat later in 2023 in upstate New York, Amogy intends to present its first commercial offering in 2024 and more.

“With its ammonia-powered semi truck and tractor, Amogy has proven that ammonia is a viable and practical option to decarbonize the maritime industry and beyond,” says Ichiro Miyoshi, CEO of Marunouchi Innovation Partners (General Partner of Marunouchi Climate Tech Growth Fund). “As the first investment of our newly launched fund, we hope to ensure that Amogy has the resources it needs to help the shipping industry reach its goal of zero-emissions.”

To learn more about Amogy and where this funding will take the company to, please watch this video.

About Amogy
Amogy offers ammonia-based, emission-free, high energy-density power solutions to decarbonize transportation for a sustainable future. Founded in 2020 by four MIT PhD alumni with a shared vision, Amogy aims to enable the decarbonization of the heavy-duty transportation sector, accelerating the global journey towards Net Zero 2050. The company’s investors include Amazon’s Climate Pledge Fund, AP Ventures, SK, Aramco Ventures and DCVC. To date, Amogy’s scalable ammonia-powered, zero-emissions energy system has been demonstrated with success in a drone, heavy-duty tractor, and semi truck. More info at: www.amogy.co

Media inquiries:
[email protected]

SOURCE Amogy

LONDON, June 5, 2023 — SNGLR XTF Fund, an exponential tech focused venture capital fund, is pleased to announce a key investment from Ayre Ventures, one of the leading blockchain investors with a particular focus on utility and unbounded scaling in blockchain.

SNGLR XTF invests mainly in European early-stage technology start-ups with exponential growth potential in sectors such as longevity and smart mobility & smart cities, enabled by technologies such as AI, Blockchain, Data (IoT; API), 5G, robotics and others.

Dr. Daniel Diemers, Co-Founder of SNGLR Group, said “We’re delighted to have Ayre Ventures as a key partner and investor in SNGLR XTF. Their experience investing in blockchain, with a key focus on utility and scalability on the BSV Blockchain, will be of high value to us”.

Dr. Diemers added “Our team has tremendous experience as founders, early-stage tech investors, board members, advisors, mentors and coaches. Along with our own deep technological insights, we also have a unique venture building model involving selected corporate venture units and consulting firms with strong market access and technological capabilities. As such, we’re positioned very well to help entrepreneurs through all ups and downs of their journey”.

Ayre Ventures founder Calvin Ayre said “BSV is the only blockchain with the scaling capacity to realize the potential of technologies requiring high volumes of low-cost data transactions, including Internet of Things and longevity, sectors that are undergoing exponential growth. SGNLR XTF focuses on companies with the same capacity for exponential growth, and I’m thrilled to partner with them and explore all that BSV has to offer”. 

About SNGLR Capital

SNGLR Capital is the venture capital entity within SNGLR Group and is focused on investments in the sectors longevity and smart mobility/ smart cities, and leading exponential technologies such as blockchain and AI. The team advises the SNGLR XTF fund, based in Guernsey, Channel Islands, which invests in early-stage tech startups across Europe.

About Ayre Ventures

Ayre Ventures, founded by celebrated entrepreneur and philanthropist Calvin Ayre, provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem, the only infinitely scaling enterprise public blockchain. The Group targets investment in innovative ideas and ambitious projects that are ‘positively disruptive’, supporting their expansion with the Group’s extensive network and industry partners.

SOURCE Ayre Ventures

MILPITAS, Calif., June 5, 2023 — TeraWatt Technology Inc., a next-generation battery producer has announced the completion of another financing round prior to Series C (“Pre-C”) with new participation by Development Bank of Japan, INPEX Corporation, JIC Venture Growth Investments, Rakuten Capital, Mori Trust, GLIN Impact Capital, and several other individual investors. Investors from Series B, including Temasek, Khosla Ventures, and JAFCO participated again in this round.

Through the existing pilot manufacturing, TeraWatt has been producing 5 to 8Ah commercial-grade cells, which have successfully passed safety testing requirements at third-parties such as UN38.3 and IEC62133-2. The investment will strengthen pilot-product line-ups for larger applications and newly launch a large-scale pilot-production facility to validate logistics, productivity, and quality control toward mass production, elevating integrity of the batteries to a more commercially-viable phase.

“We are thrilled to announce the completion of Pre-C funding round to bring our development to a next step with quality and quantity.” said TeraWatt Technology founder CEO Ken Ogata, Ph.D., “In addition to our existing international investors, we are delighted to have the participation of many outstanding Japanese investors.”

Major investors in this round (in alphabetical order):

• Development Bank of Japan
• GLIN Impact Capital Limited Partnership
• INPEX Corporation
• JAFCO Group Co., Ltd.
• JIC Venture Growth Investments Co., Ltd.
• Khosla Ventures
• MORI TRUST CO., LTD.
• Rakuten Capital
• Temasek

About TeraWatt Technology Inc.

TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries. Its subsidiary operates in Japan with the support of  Organization for Small & Medium Enterprises and Regional Innovation.

SOURCE TeraWatt Technology Inc.