AUSTIN, Texas, Jan. 8, 2024 — Trice, a cloud-native API-first platform enabling direct connectivity for real-time bank payments, announced the closing of its seed investment round. This round featured strategic investments from Diagram Ventures, Royal Bank of Canada (RBC), and JAM FINTOP.

Request for Payment (RfP) Functionality

The milestone paves the way to extend Trice’s innovative real-time payments-as-a-service platform, allowing companies to quickly deploy high-impact use cases powered by the RTP® network from The Clearing House and the FedNow Service. Trice’s platform introduces a paradigm shift for Account (A2A) transfers and Payouts, enabling customers to integrate Request-for-Pay (RfP) functionality, seamlessly receive instant and irrevocable deposits, load funds, top up balances, and enable recurring transfers.

Off-Bank-Core Technology

Customers increasingly demand speed, simplicity, and instant access when moving funds between their accounts. The Trice platform provides NeoBanks, Digital Wallets, Investing Apps, FinTechs, Lenders, Payment Providers, Banks and Credit Unions with technology that works independently from traditional core banking systems, allowing Trice to offer a future-proof modern payments gateway built specifically to support real-time bank payments, with scalable infrastructure, streamlined onboarding, and simplified operations. Companies can deploy solutions and experiences with Trice’s developer-friendly APIs in a matter of weeks, with the flexibility to utilize Trice sponsor banks or seamlessly connect with their own banking partners.

This round of funding enables Trice to continue building developer-friendly tools, expanding its engineering team to accelerate the product roadmap, rolling out bank-grade risk and compliance controls, and deepening partnerships and enterprise agreements.

RTP usage in the US continues to grow with 64 million transactions or $34 billion was processed in 3Q23. More than 345 banks and credit unions are currently utilizing the Real-Time Payments (RTP®) Network. pymnts.com projects real-time transactions to encompass nearly 28% of all electronic transactions globally by 2027.

“I am thrilled to announce the successful completion of our seed funding round, led by visionary investors who share our commitment to transforming the future of payments. With the support of our investors, we are excited to launch our state-of-the-art real-time payments platform. This investment validates our mission to deliver simple, seamless, and scalable real-time payments capabilities. We are grateful for the trust placed in Trice and look forward to the exciting journey ahead.” said Doug Yeager, Founder and CEO of Trice.

Steve Schultz, Partner at Diagram Ventures said, “Diagram Ventures is thrilled to lead the seed investment in Trice as part of our commitment to fostering innovation in fintech. Together with co-investors JAM FINTOP and RBC, we are confident in Trice’s ability to enable high-impact use cases for real-time payments. We look forward to supporting Trice on its journey to make real-time payments a reality”.

“Trice is a leading real-time payments gateway company, and we recognize the potential of Trice’s innovative platform to revolutionize the payments landscape. RBC’s investment underscores our commitment to supporting cutting-edge innovation and our confidence in Trice’s ability to drive meaningful advancements in the payments industry. We look forward to working with Trice as they shape the future of seamless, efficient, and secure financial transactions.” said Barrie Laver, Head Venture Capital & Private Equity at Royal Bank of Canada

Availability and Next Steps

Trice’s API-first, real-time payments-as-a-service platform, launched on November 14, 2023, with access to the RTP network from the Clearing House and includes Request for Pay (RfP) functionality. FedNow Service support is expected to launch in the first quarter of 2024. For media inquiries, product demonstrations, or further information, please contact [email protected].

About Trice

Committed to reshaping the landscape of financial transactions, Trice leverages innovative technology to provide a seamless, efficient, and secure API driven platform for real-time payments. With a mission to enable high-impact use cases for real-time bank payments, Trice is at the forefront of changing the way businesses and consumers experience the speed and convenience of modern payment solutions. For more information about Trice, please visit www.trice.co.

SOURCE Trice Technologies Inc.

PHILADELPHIA, Jan. 9, 2024 — Burro, a Philadelphia-based autonomous mobility company, closed a $24 million Series B co-led by New York City-based growth equity firm Catalyst Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board.

Burro is an autonomy company building the future of work outdoors. Founded in 2017, the company began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Today, Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and serve as a platform and physical API for a growing set of technology partners.

While robotics has been successfully used indoors for years, Burro is the first collaborative robotic platform to work safely and reliably outdoors alongside human workers. This enables customers to increase workforce efficiency within one year of investment. With over 75,000 autonomous miles in paid commercial use and more than 300,000 hours in operation, Burro’s reliability and scalability has been continuously enhanced, positioning the company for expansion into new markets and regions.

“Robots have long been stuck in warehouses and factories, and few robotics companies have successfully scaled outdoors into industries like agriculture, nurseries, and construction, where trillions of dollars are spent annually on labor,” said Charlie Andersen, CEO of Burro. “We have built a world-class product based upon state-of-the-art autonomous AI technology, and with this funding, we will deliver solutions for real-world problems, distributed world-wide through our network of dealers. With the incredible teams at Catalyst Investors and Translink Capital, and their strong track records of growing businesses, we are well on our way.”

“What sets Burro apart among the robotics sector is the team’s brilliant vision for augmenting – not replacing – labor with machines that work safely and reliably outdoors alongside humans, exponentially increasing efficiency and production,” said Brian Rich, managing partner at Catalyst Investors. “The Burro approach is already proven and its ROI demonstrated for farms and nurseries, perfectly positioning them to become the dominant outdoor robotics company for various industries and uses.”

“At Translink, we really like companies in the autonomy and robotics sector. We are especially excited about how Burro has brought automation to the agriculture sector,” said Kaz Kikuchi, partner at Translink Capital. “With their unique approach, Burros can work year-round, combatting the innate seasonality of work outdoors, by operating in a variety of crops and performing multiple tasks with one platform. Burro is positioned to be the first robotic company to successfully scale in agriculture and other outdoor environments.”

This year, the Burro company will expand its commercial, product and engineering teams, bring on more dealers, and launch new products in direct response to customer demand, beginning with its new product offering: Burro Grande. Burro Grande expands beyond people scale (less than 500 lb. payload, light-duty towing) to a true pallet scale vehicle (1,500 lb. payload, 5,000 lb. towing), and features Burro Operation System Software V 5.0, which includes indoor/outdoor Lidar based localization for autonomous movement across indoor and outdoor operations.

Burro is rapidly growing in the US within berry and grape farming and nurseries with additional systems working at scale in Australia and New Zealand. The company is on track to tackle the $1.2 trillion US outdoor labor market, where automation can address some of the industry’s most pressing challenges.

About Burro:
The #1 challenge facing our global food supply system (and incidentally the world’s largest industry, agriculture) is labor scarcity. Headquartered in Philadelphia, with an office in Visalia, California, Burro is backed by top Agtech and autonomy investors, including S2G, Catalyst Investors, Translink, Cibus, FPrime, Toyota Ventures, FFVC, Xplorer, and Radicle, Burro was created to free people from tedious work outdoors with collaborative robots.

Burros can be described as Disney’s Wall-E for agriculture and work outdoors, in a 1.0 format. They function, today, as people/pallet scale autonomous ground vehicles for carrying, towing, patrolling, and mowing, and are designed to lay the base for the fully autonomous future of work outdoors. The company has hundreds of robots in paid commercial use within nurseries, berries, vineyards, citrus, and beyond, in the US, Australia, New Zealand, Japan, South America and with an ever growing list of customers.

About Catalyst Investors:
Catalyst Investors is a growth equity firm based in New York. Over the past 20-plus years, Catalyst has invested in rapidly growing technology companies and has established a successful track record of partnering with entrepreneurs and helping companies scale. Recent investments and exits include Breezeway, BrightFarms, ChowNow, Clinicient, EDB, Fusion, LinkSquares, Pax8, Presence and Weave. For more information, visit www.catalyst.com.

About Translink Capital:
Headquartered in Palo Alto, California, Translink Capital is an early-stage venture capital firm investing in technology-based startups in the consumer, enterprise and robotics sectors. Founded in 2006, the firm has over $1 billion of assets under management and has been engineered to bring founders and their innovative companies together with a unique set of resources and networks to support their journey to build foundational companies in their sector.

About S2G Ventures: 

S2G Ventures partners with entrepreneurs who are working on solutions to some of the world’s greatest challenges across the food, agriculture, oceans, and clean energy markets. The firm provides capital, mentorship, and value-added resources to companies pursuing innovative market-based solutions that generate positive social, environmental, and financial returns. S2G structures flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2gventures.com or connect with us on LinkedIn.

About Cibus Capital:
Cibus Capital LLP is the London-based investment advisor to the Cibus funds. The Cibus funds partner with food and agriculture companies that provide investors with a risk-adjusted return on capital and a sustainable competitive advantage. Cibus has raised over USD 1bn to invest in two strategies: mid-market growth/buyout investments in food production and processing businesses and venture agrifood technology companies. For more information visit cibusfund.com.

Media Contact:
Vanessa McGrath
[email protected]

Related Links
http://burro.ai

SOURCE Burro

The deployment of Hoopo’s trackers puts ZIM at the forefront of technological innovation in this field, and underscores ZIM’s dedication to delivering unparalleled solutions to its customers, as this advanced solution offers comprehensive tracking information including geofence alerts and open/close door notifications and more, while ensuring high reliability and durability combined with significant cost and energy efficiencies.

In 2022, ZIM announced an investment in Hoopo Systems, a trailblazing company specializing in the development of innovative tracking solutions for unpowered assets. Lately, Hoopo completed the development of hoopoSense Solar, its new product for the maritime industry, enabling ZIM to outline an extensive project to integrate these cutting-edge tracking devices into ZIM’s dry-van container fleet.

The decision to adopt Hoopo’s solution followed an exhaustive and meticulous evaluation process that entailed extensive pilot testing comparing the hoopoSense Solar with several of the market’s foremost tracking solutions. After this thorough and rigorous analysis, it unequivocally emerged that Hoopo’s solution excelled as the pinnacle of technological advancement and the most fitting choice to fulfill ZIM’s requirements.

Eli Glickman, President, and CEO of ZIM said: “We are delighted to witness the fruition of our investment in Hoopo’s unique technological solution. We are now ready to deploy their cutting-edge, durable, and cost-efficient tracking devices on a large scale. This deployment will significantly elevate our service levels, providing invaluable information to our customers while ensuring transparency and reliability.”

Ittay Hayut, CEO & Co-Founder of Hoopo added: “At Hoopo, we understand that dry container visibility is not only a fundamental operational and logistics need but also a critical market requirement. Our unwavering mission has been to engineer a tracking solution for the maritime industry that delivers the most reliable data and boasts an extended lifespan to equal a container lifetime. In our design, we have prioritized our commitment to innovation by embedding highly advanced technologies while ensuring seamless updates as new technologies emerge in the future. Having ZIM as a strategic investor and a design partner reassured that our solution provides a market-fit response to the industry’s evolving challenges and needs. We take pride in the agreement with ZIM, evidencing our offering of unparalleled value to our customers.

The ZIM global rollout is poised to install Hoopo’s top-tier tracking devices on its hundreds of thousands of dry-van containers.

About ZIM

Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 34,000 customers in over 200 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM’s differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

About Hoopo Systems

Hoopo was founded in 2016 by a team of leading experts in RF communications and geolocation technologies. It offers a unique power-efficient tracking solution that enables real-time Location Intelligence including both tracking and status monitoring for unpowered assets. By integrating a suite of innovative technologies, Hoopo’s system ensures accurate asset positioning while maximizing power efficiency and cost. Hoopo is working on supply-chain innovation with leading companies in transportation, aviation, waste management, and maritime logistics.

To learn more about Hoopo, visit https://www.hoopo.tech or contact [email protected]

Forward-Looking Statements

The following information contains or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company’s current expectations and projections about future events or results. There are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, supply-demand fluctuations in the containerized shipping market, new legislation or regulation affecting the Company’s operations, new competition and changes in the competitive environment, our ability to achieve cost savings or expense reductions, the outcome of legal proceedings to which the Company is a party, global, regional and/or local political instability, inflation rate fluctuations, capital markets fluctuations and other risks and uncertainties detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including under the caption “Risk Factors” in its 2022 Annual Report filed with the SEC on March 13, 2023. 

ZIM contacts

Media:

Avner Shats
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
[email protected]

Investor Relations:

Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
[email protected]

Leon Berman
The IGB Group
212-477-8438
[email protected]

Hoopo Contacts

Tal Leemor
VP of Marketing & Partnerships
Hoopo Systems
424-214-1561; +972-54-584-1396
[email protected]

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SOURCE Zim Integrated Shipping Services Ltd.; Hoopo Systems

LOS ANGELES, Jan. 8, 2024 — LAMF Global Ventures Corp. I (Nasdaq: LGVCU, LGVC, LGVCW) (“LAMF” or the “Company”), announced today that on January 8, 2024, its board of directors (the “Board”) decided to extend the date by which the Company must consummate an initial business combination (the “Deadline Date”) from January 16, 2024 to February 16, 2024. This is the third of up to six one-month extensions of the Deadline Date available to the Company pursuant to its amended and restated memorandum and articles of association.

About LAMF Global Ventures Corp. I

LAMF Global Ventures Corp. I is a special purpose acquisition company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. LAMF is sponsored by affiliated parties of LAMF LLC (d/b/a Los Angeles Media Fund), a multifaceted media and entertainment company whose primary business is financing and producing feature films, television series, documentary projects and live events, the management of professional athletes, and investing in complementary technology businesses to the foregoing. LAMF is led by Jeffrey Soros, its Chairman, and Simon Horsman, its Chief Executive Officer, the co-founders of LAMF LLC. The members of LAMF’s sponsor also include affiliates of 10X LLC (“10X Capital”), an investment firm connecting Wall Street with Silicon Valley. 10X Capital invests across the capital structure, with a focus on companies using technology to disrupt major industries, including finance, healthcare, natural resources, transportation, infrastructure, agriculture and real estate. LAMF’s securities are traded on Nasdaq under the ticker symbols LGVC, LGVCU and LGVCW.

SOURCE LAMF Global Ventures Corp. I

SAN FRANCISCO, Jan. 8, 2024 — Rincell Corporation, an advanced chemistry battery cell manufacturer, announced it has raised a $1.2 million seed round investment in an oversubscribed round led by U.S. based NextGen Battery Chem Ventures LLC, managed by Sandiip Bhammer.

Rincell Corporation was founded in 2023 by Jignesh Parikh and Dr. Jagjit Nanda. Jignesh, Rincell’s CEO, has a distinguished track record in scaling businesses, high-volume manufacturing, and supply chain. Jignesh is a former CEO at American Lithium Energy and has held executive leadership roles at Hitachi, Intel, and Western Digital. Jignesh expressed his excitement about the milestone, “We’re thrilled to be partnering with Sandiip Bhammer – a veteran clean-tech investor and Founder of early-stage India climate fund Green Frontier Capital. Not only does Sandiip have a stellar reputation for supporting founders, but we’ve immediately felt the positive impact in just the short period of time we’ve started working together. With this investment, Rincell is poised to accelerate our mission of electrifying critical sectors with high capacity-performance batteries using secure supply chain.”

Dr. Jagjit Nanda, Rincell’s Chief Scientific Officer, is a respected figure in new battery technology research. As a Distinguished Scientist & Executive Director at the SLAC-Stanford Battery Center and former scientist at Oak Ridge National Lab, his work in solid state chemistry and battery materials has been groundbreaking. Dr. Jagjit Nanda added, “This partnership with NextGen Battery Chem Ventures will help bring our innovative silicon-graphite, LMFP and Sodium-ion battery chemistries to market faster.” 

Commenting on the investment in Rincell, Sandiip Bhammer stated, “Our investment in Rincell reflects a commitment to pioneering technologies that are set to revolutionize global energy storage and supply.“

Rincell has made rapid progress and in just one year since its founding, has already been shipping samples of its highest capacity-performance 18650 and 21700 Silicon-Graphite batteries to government and commercial customers, including Inventus Power, the largest independent battery pack manufacturer in North America. Chris Turner, Chief Technology Officer at Inventus Power added, “We are excited about the progress Rincell has made to commercialize its silicon-graphite anode 18650 and 21700 cells and will continue to work closely with Rincell to leverage its innovative cell technology when designing next generation advanced battery systems for medical, industrial/commercial, defense, and xEV applications.“

The infusion of capital from NextGen Battery Chem Ventures will allow Rincell to get its 18650 and 21700 silicon-graphite batteries ready for commercial production in CY2024.

For more information, visit https://www.rincell.com 

About Rincell:
Rincell Corporation was founded to accelerate the electrification of high-impact carbon emission products, fostering a sustainable future with a secure supply chain. Rincell is committed to Domestic & Ally manufacturing of its high-capacity and performance Silicon-Graphite, LMFP, & Sodium-ion batteries for government and commercial applications.

SOURCE Rincell Corporation

PASADENA, Calif., Jan. 8, 2024 — Sienza Energy, a Caltech-incubated battery company that is backed by Los Angeles-based Patrick Soon-Shiong, signed an MOU with the Dutch Battery Competence Cluster. Sienza’s 3D nan0-structured electrodes deliver unparalleled architecture, unleashing the potential of high energy density batteries.

After their visit to the headquarters of Sienza Energy, the representatives of SALD, VDL/NedCar, and Kalpana Systems remarked:

“We are very impressed with the unique battery architecture the Sienza Energy team has built and are pleased to have signed a Memorandum of Understanding by the two sides. 

We look forward to welcoming Sienza Energy into the Dutch ecosystem for advanced battery manufacturing and we are looking forward to jointly exploring whether Sienza’s battery architecture can be optimised with Spatial Atomic Layer Deposition. 

Erik Kremers, CTO of SALD B.V., explains; “we have developed Spatial ALD technology, a globally unique, patented process for applying coatings on an industrial scale that are as thin as a single atom. These atomic nanocoating’s have the potential to revolutionize entire industries, including the production of battery cells for cars and smart devices.: “We are proud to be part of the Dutch Battery Competence Cluster and are very pleased about the cooperation with Sienza Energy.”

The Dutch Government is working with industry, civil-society organizations, knowledge institutions, and other authorities to work toward a sustainable environment for the future. In this circular economy, there will be no more waste, as resources will be used again and again. The Netherlands Foreign Investment Agency and the Innovation Attache Network are actively supporting Sienza Energy in establishing their presence in the Netherlands and connecting with suitable partners.

Dr. Matthew Tasooji, Sienza CEO stated: “As we enter a new global paradigm for state-of-the-art green battery solutions in energy storage, electric vehicles, and consumer electronics, we hope to partner with BCC-NL from the Netherlands to build, operate and maintain Sienza’s batteries across Europe.”

“We are honored to have hosted BCC-NL at Sienza. Our partnership will help expedite Sienza’s goal to become a major player in the global battery market,” said Dr. Patrick Soon-Shiong.

Dr. Mory Gharib, Chairman of the Board of Sienza Energy went on say: “The Netherlands is taking a leading role in the green tech space and together we hope to build batteries that can generate, store, and use zero-emission energy to power the world.”

Spherical Insights and Consulting estimates the global lithium-ion battery market to grow to $273.8 billion by 2030.

SOURCE Sienza Energy

NEW YORK, Jan. 8, 2024 — Ridgewood Infrastructure LLC (“Ridgewood“), a leading infrastructure investor in the U.S., today announced the acquisition of Waste Resources Management (“WRM”), a mission-critical provider of liquids and wastewater collection, treatment, and disposal serving the commercial and industrial market.

“WRM is an industry leader, operating a strategically advantaged, vertically integrated network of wastewater treatment facilities and related specialized rolling stock across several high-growth states,” said Ryan Stewart, Partner at Ridgewood. He added: “WRM services are essential to its diversified customer base. We look forward to working with the WRM management team to scale the business and further enhance its service offerings.”

Ryan Wurgler, CEO of WRM, said: “We are excited to join forces with Ridgewood Infrastructure, which shares our focus on fostering long-term partnerships with customers and our commitment to operational excellence and sustainability.” He said: “Ridgewood has a proven track record as the leader investing in U.S. water sector infrastructure and in helping companies like ours achieve transformational growth.” Ross Posner, Managing Partner of Ridgewood Infrastructure said: “We are thrilled to add WRM to our portfolio and look forward to working together to take the company to the next level.” Posner added: “Ridgewood’s investment in WRM exemplifies our continued ability to create differentiated investments in essential water and wastewater infrastructure on behalf of our investors.”

Ridgewood was advised by Houlihan Lokey and Kirkland & Ellis.

About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, please visit www.ridgewoodinfrastructure.com.

About WRM
WRM is a mission-critical provider of liquids and wastewater collection, treatment, and disposal services. WRM controls the full value chain of liquids and wastewater management including numerous treatment facilities located in high-growth regions of the U.S. For more information, please visit www.wrmco.com.

Contact Information:
Ridgewood Infrastructure
34 East 51st Street, 9th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: [email protected]

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Health tech startup connects Black women and women of color with culturally sensitive and responsive healthcare providers and content.

NEW YORK, Jan. 8, 2024 — Health In Her HUE, the premier digital health platform aimed at reducing racial health disparities for Black women and women of color through technology, media and community today announced that the company has raised a $3 million seed funding round to fuel its growth by investing in talent and building out new programs and products. The funding was led by Seae Ventures and included participation from Johnson & Johnson Impact Ventures (an impact fund within the Johnson & Johnson Foundation), Morgan Stanley Inclusive Ventures Lab, Genius Guild, HBCU Founders Fund, Stanford Impact Fund and a select group of angel investors.

Health In Her HUE was formed in 2018 to connect Black women and women of color with culturally sensitive and responsive healthcare providers and content to support them with accessing better care to improve outcomes. The company was founded by CEO Ashlee Wisdom who brings over a decade of experience working across the healthcare industry in a range of leadership roles.

Health In Her HUE’s platform provides its nearly 13,000 members with access to a suite of solutions to support their healthcare journey. The platform’s current offerings include:

• Connections: A directory consisting of over 1,300 diverse providers across 60 specialities, where members can filter and search for healthcare providers who best meet their needs, ensuring personalized and culturally responsive care.
• Content: A collection of educational health content in the form of long and short-form videos, articles, and live on-demand virtual events that help keep women informed and aware on their healthcare journey.
• Community: Forums where women can engage and learn from each other on a variety of health topics. This includes the Care Squad Program, which offers a physician designed curriculum and peer support group on various topics, including fibroids, fertility, mental health and more.

“I’m proud of the impact Health In Her HUE has achieved thus far to ensure Black women and women of color have a safe space to prioritize their holistic health and well-being,” said Wisdom. “I know first-hand the challenges women of color face to receive equal quality of care while not feeling seen and heard by the healthcare system. Health In Her HUE is uniquely positioned to address the existing racial health disparities and connect our members with providers who are committed to hearing and understanding their unique lived experiences, while providing quality care accordingly.”

“Ashlee’s passion and vision for connecting Black women and women of color to culturally competent care is what drew our attention initially. Her focus on this vision, and ability to create a community, a team and a platform to make this vision a reality is what keeps us excited about Health In Her HUE and Ashlee’s leadership. We were thrilled to lead this round of financing and look forward to continuing to support Ashlee on this journey to help more Black women and women of color access the health care providers, services and resources that are committed to their health and well-being,” said Arianne Kidder, a Partner at Seae Ventures.

This marks Health In Hue HUE’s second round of funding. In 2021, the company initially raised $1.2M in a pre-seed round to develop the platform. To date, the company’s total investment amounts to $4.2M.

About Health In Her HUE
Health In Her HUE is the premier digital platform that connects Black women and women of color to culturally sensitive healthcare providers and offers health information and content that centers their lived experiences in order to reduce racial health disparities by leveraging the power of technology, media and community to improve health outcomes. Learn more at: healthinherhue.com and connect with us on facebook.com/healthinherhue, instagram.com/healthinherhue, linkedin.com/company/health-in-her-hue, twitter.com/healthinherhue

About Seae Ventures
Seae Ventures is an investment firm specializing in early-stage healthcare technology and services companies and focuses primarily on funding diverse entrepreneurs including women and those who identify as black, indigenous, and people of color. To date, it has deployed capital into 18 start- up companies, many of which focus specifically on solutions for underserved populations. www.seaeventures.com

SOURCE Health In Her HUE Inc

Israeli Venture Capital Firm Joins Israel-based Alliance of AstraZeneca, Merck, Pfizer, Teva, Israel Biotech Fund, BioMed X and Amazon Web Services 

REHOVOT, Israel, Jan. 8, 2024 — AION Labs, the first-of-its-kind venture studio spearheading the adoption of AI technologies and computational science to solve therapeutic challenges, announced today a new strategic partnership with Amiti Ventures, one of the leading early-stage venture capital firms in Israel. The partnership further strengthens the alliance of global leaders in pharma, biotech, and technology investment, expanding its offering as a venture studio and partner for new startups.

“With a proven track record of identifying the best teams for the mission and investing early in the most innovative deep tech startups that shape the future, Amiti Ventures will bring important complementary capabilities and expert investor knowledge to the AION Labs partnership,” said Mati Gill, CEO of AION Labs. “We thank Amiti for its vote of confidence in our model of innovation for groundbreaking AI and computational biotech ventures. We further appreciate Amiti’s recognition that Israel’s ecosystem is poised to lead the world in bringing AI and biotech together to solve our biggest drug discovery challenges.”

By joining forces with Amiti, AION Labs is enhancing its expertise and capabilities in the deep tech and computational technology domains, areas that are critical to the success of biotech innovation. Amiti’s extensive experience and track record in these fields will bring invaluable investor knowledge and insights to AION Labs, enabling it to more effectively develop and support early-stage startups focused on AI and computational biology. Amiti’s first investment in the venture studio will entail investment in DenovAI Biotech‘s Seed round of funding. Launched in 2022, DenovAI is developing an AI-powered biophysics solution for de novo antibody and protein design.

AION Labs builds and invests in early-stage startup teams focused on AI and computational biology in drug discovery and development, offering them top-notch resources and mentorship while working closely with them to develop new technologies that meet the most significant challenges in the pharmaceutical industry. The partnership with Amiti Ventures will help AION Labs to advance healthcare towards patient-centric precision medicine and create a significant contribution to the health and well-being of humankind by helping to bring new treatments to market faster and more efficiently.

“We believe that AION Labs is uniquely positioned to identify the biggest challenges to accelerate drug discovery and development and then evaluate the best computational bio approaches and entrepreneurs,” said Ben Rabinowitz, Founder and Managing Partner of Amiti Ventures. “AION Labs’ venture studio model bridges the gap between outstanding academic research, huge leaps forward in generative AI, and the biggest challenges and opportunities in the development of new medicines, and we look forward to working closely with our new partners to make this a reality.

“We also have been amazed by the can-do spirit of the AION Labs team,” added Rabinowitz. “It is that readiness to create, pull themselves up by the bootstraps and forge ahead with amazing innovation that makes AION and Israel’s entire startup ecosystem so special.”

About AION Labs

AION Labs is a first-of-its-kind alliance of Astrazeneca, Merck, Pfizer, Teva, the Israel Biotech Fund, Amiti Ventures, and Amazon Web Services (AWS), powered by BioMed X with the support of the Israeli Government via the Israel Innovation Authority, that have come together with one clear mission: to create and adopt groundbreaking new AI technologies that will transform the process of drug discovery and development in order to contribute to the health and well-being of all people world-wide.

AION Labs is a unique venture hub where brilliant innovators and scientist-founders convene from around the world to solve the biggest R&D challenges guided by years of accumulated know-how, data and experience in pharma. The lab leverages its partners’ wealth of knowledge and a new multidisciplinary mindset with the ingenuity, agility and innovative power of Israel’s startup ecosystem, to develop strong companies with clear long-term strategies, that will pave the way to the future of healthcare. AION Labs cultivates innovation from within; its unique venture creation process bridges the gap between outstanding academic research in the field of AI and the biggest R&D needs in the discovery and development of new medicines for the benefit of patients.

For more information, visit aionlabs.com.

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About Amiti Ventures

Amiti is a leading Israeli deep tech venture capital firm focused on finding seed stage outlier companies developing transformational technologies. Amiti’s edge is identifying the best deep tech founders that have the potential to disrupt and dominate major markets. Amiti targets quantum computing and computational and synthetic biology, where Israel has some of the most promising founders, expertise and multi-disciplinary skills in the world.

For more information, visit www.amiti.vc.

Media Contact

FINN Partners for AION Labs
Danny Sudwarts
[email protected]  
(+1) 469-297-2515

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SOURCE AION Labs