TOKYO, Feb. 20, 2024 — Horizon Capital, a U.S. private-equity firm with $1.6 billion AUM investing primarily in fast-growing tech and export-oriented companies in Ukraine, announced that its latest fund, HCGF IV has accepted a $20 million commitment from JICA. The investment was announced during the «Japan-Ukraine Economic Reconstruction Promotion Conference» in Tokyo yesterday, with a signing ceremony held at JICA’s office. This is the first investment that Horizon Capital has attracted from Japan, joining the firm’s esteemed U.S. and European investor base with circa $700 billion in capital.

JICA’s investment will catalyze financing primarily to fast growing, asset light, exporting technology companies, a sector that has demonstrated extraordinary resilience following the onset of the full-fledged invasion two years ago. The Fund is the largest and leading fund raised over the past few years and is notable given its strategy of investing now, not when hostilities end, to maximize its contribution to Ukraine’s ongoing resilience, including supporting growth, creating high-value jobs, expanding the tax base, increasing availability of capital for SMEs, and promoting gender smart investing. HCGF IV is the first fund in Central and Eastern Europe (CEE) to be awarded 2X Flagship Fund status, 1 of circa 10 globally attaining the highest 2X Challenge designation for funds, and an estimated 1 of 2 such funds led by a female Founding Partner & CEO. 2X Challenge was launched as a bold commitment to invest in the world’s women and promote gender equality in finance.

Lenna Koszarny, Founding Partner and Chief Executive Officer, said: “We are thrilled to welcome JICA to our esteemed group of investors backing our latest fund. This significant commitment is a testament to the global success, recognition and resilience of the tech and export-oriented sectors in Ukraine. It reflects a strong vote of confidence in the visionary entrepreneurs we partner with, who are at the forefront of driving economic growth and innovation in the Region. We are grateful for JICA’s support, which expands our ability to deliver stellar returns, as well as amplifies our impact in delivering sustainable development, job creation and promote gender-smart investing, at a time when our Region needs it most.”

Mikio Hataeda, Senior Vice President of JICA, said: “We are pleased to announce our commitment to Horizon Capital Growth Fund IV, to support the transformative potential of Ukraine and Moldova’s tech and export-oriented sectors. This investment aligns with JICA’s mission to finance sustainable development and economic resilience in emerging markets, but also illustrates our staunch support for Ukraine in face of the brutal war led by Russia. We are confident that our partnership with Horizon Capital will contribute to the growth of innovative enterprises in the region, fostering job creation and advancing gender equality in line with the 2X Challenge standards.”

Horizon Capital is the leading private equity firm in Emerging Europe with $1.6 billion in assets from investors with a capital base of circa $700 billion, raising over $800 million in growth capital in just over six years. The firm’s investment strategy focuses on backing visionary entrepreneurs leading fast-growing, primarily tech and export-oriented businesses in Ukraine and Moldova. Its funds managed have backed over 170 companies employing around 80,000 people to date.

The Japan International Cooperation Agency (JICA) is an incorporated administrative agency in charge of administering Japan’s Official Development Assistance (ODA), is one of the world’s largest bilateral aid agencies supporting socioeconomic development in developing countries in different regions of the world. It supports developing countries in addressing their development challenges through flexible combination of various cooperation modalities, such as Technical Cooperation, Finance and Investment Cooperation, and Grants. JICA has 96 overseas offices and operates in approximately 140 countries and regions of the world.  

Media Contact – Alona Kotsiubynska; [email protected]; +380 93 297 9487

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Logo – https://mma.prnewswire.com/media/2342850/Horizon_Capital_logo.jpg

SOURCE Horizon Capital

MCKINNEY, Texas, Feb. 19, 2024 — NOVOS FiBER has officially announced its entrance into its second market, McKinney, Texas. Backed by InLight Capital, the DFW headquartered fiber-to-the-home (FTTH) company is allocating $20 million to bring services to McKinney residents. This announcement comes shortly after NOVOS FiBER’s successful debut in Arlington, Texas, where the company is investing a further $25 million and already has live customers on its fiber network.

Andrew Snead, NOVOS FiBER CEO, expressed enthusiasm about the positive reception from McKinney’s community stating, “We’re delighted to be building in McKinney. It’s an incredibly vibrant and fast-growing city and we’re excited to bring residents high-speed fiber internet with our promise of fairness, transparency and a genuine focus on the customer experience. It’s tremendously humbling to hear residents thanking the team for bringing choice to their neighborhood.”

Construction of the fiber network began several months ago, and the company is expecting to offer services to ‘Phase 1’ residents by the end of February with additional communities being added over the coming weeks and months. The ISP currently offers three distinct fiber optic internet plans – a 300 Mbps tier priced at $59.99, a 1-gig tier at $79.99 and 2.5-gig speeds at $114.99.

NOVOS FiBER’s mission is not only to bring high-speed internet to digitally underserved households, but the company also hopes to reshape consumers’ relationships with their service providers.

“We’re much more than a mere utility. When people see a NOVOS FiBER truck in their neighborhood, they can expect a different type of experience and a provider that truly cares about their customers and the neighborhood,” said Jennifer Rutledge, Customer Service Manager. “NOVOS is investing in the broader McKinney community, including school and city-organized events and our approach to customer centricity in other cities is reflected in our customer satisfaction scores,” Rutledge remarked.

McKinney residents that are interested in learning more about NOVOS FiBER can check if service is available in their zip code at www.novosfiber.com.

About NOVOS FiBER
NOVOS FiBER is a fiber-to-the-home (FTTH) provider focused on providing affordable, reliable high-speed fiber internet to customers, especially those in previously lacking internet regions. NOVOS FiBER is the customer-centric brand of Flying Bull Internet, founded by Andrew Snead and Melker Sandberg in 2022 and funded by InLight Capital, a Sugar Land based private investment firm. 

About InLight Capital
InLight Capital, LLC (“InLight”) is a private investment firm based in Sugar Land, Texas. InLight’s permanent capital base allows us to pursue an objective of long duration compounded capital growth. InLight maintains flexibility and discretion of the amount, duration and objectives of its invested capital, allowing for efficient decision making and strategic alignment with all stakeholders. InLight invests across virtually all asset classes ranging from public securities and real estate to direct investments in operating companies.

Media Contact:
Wes Briscoe
NOVOS FiBER
[email protected]
1-800-776-6867

SOURCE NOVOS FiBER

• Part of Abu Dhabi’s Hub71, The Cloud secures $12 million in Series B funding, with MENA Moonshots among the new investors, reflecting broad market confidence
• Strategic acquisition of KBOX adds 200 locations in the UK to The Cloud’s global portfolio, purchased for an undisclosed amount, signaling a strategic move into the European market with expansion planned in the UK, Lithuania, Belgium, and the Netherlands
• Founder & Chairman Georges Karam, alongside strategic investors, positions The Cloud as a disruptor in the food tech sector, aiming for a dual listing in Abu Dhabi and Riyadh by 2027 with a target of 8,000 locations

DUBAI, UAE, Feb. 19, 2024 — The Cloud, a Hub71 food tech startup, has announced the successful first close of its $12 million Series B funding round out of a total $30 million it is raising. The funding round saw participation from a new investor, MENA Moonshots, showcasing confidence in The Cloud’s ambitions to innovate and expand.

This milestone, coupled with debt financing from Aluna Partners, and the strategic acquisition of the UK-based food tech startup KBOX, marks a significant stride for The Cloud, founded by Georges Karam, towards redefining the virtual dining landscape in the GCC and Europe.

With a vision deeply rooted in leveraging in-house technology to disrupt the food industry, The Cloud’s acquisition of KBOX strategically expands its global footprint by 200 locations in the UK. This move underlines the company’s commitment to driving innovation and asserting leadership in the food tech sector, setting the stage for rapid expansion across the UK and other strategic European markets such as Lithuania, Belgium, and Netherlands.

The Series B funding, a balanced mix of equity and debt, is a testament to The Cloud’s business model and its vision. Having initially raised $10 million in the Series A funding, this round brings The Cloud’s total funds raised to $22 million, which highlights the company’s capacity to attract strategic partners like MENA Moonshots. The investments extend beyond capital, providing invaluable expertise and access to networks as The Cloud ambitiously eyes new markets and innovative dining solutions.

Georges Karam, Founder & Chairman of The Cloud, shared his enthusiasm for the new developments, stating: “Our Series B funding and the acquisition of KBOX cement our role as disruptors in the global food tech sector. With a cumulative $22 million raised to date, we’re not only eyeing new markets but are set on increasing our market share in existing territories. Our in-house developed technology and strategy for further acquisitions underscore our belief in the industry’s consolidation and our commitment to scaling strong homegrown brands internationally. Looking forward, we continue to actively eye more strategic acquisitions while also seeking to raise further capital.”

Stefano Sciacca, Managing Director at Aluna Partners, said, “The online food delivery market is a mega trend that is here to stay. We believe that The Cloud will gain significant market share in the UK market through the acquisition of KBOX. Having looked at many food tech business models, we believe The Cloud is emerging as a global market leader and are excited to support such a fast-growing venture.” 

The additional capital from the Series B funding will be instrumental in accelerating growth, with a significant portion earmarked for international expansion, enhancing operational capabilities, and further developing The Cloud’s proprietary technology platform.

With a presence in 7 countries and 91 cities, and ambitions to reach 8,000 locations by the end of 2027, The Cloud is on track for a dual listing in Abu Dhabi and Riyadh, marking a new era of growth for the virtual chain in the EMEA region. As the company advances on this growth trajectory, it remains committed to its mission of transforming the global dining experience, empowering restaurateurs, and setting new benchmarks for quality and innovation in the food tech industry.

Photo – https://mma.prnewswire.com/media/2342500/The_Cloud.jpg
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PALO ALTO, Calif., Feb. 16, 2024 — WovenEarth Ventures held the final close of its first fund, WovenEarth Fund I at $152M on January 31st, hitting its hard cap. WovenEarth’s mission is to seek attractive, risk-adjusted returns while moving compelled capital into US early-stage climate tech venture, providing highly diversified exposure to the sector via a focused, carefully crafted fund of funds with differentiated access.

This new fund seeks to break down the barriers to investing in US early-stage climate tech, which remains difficult for many investors to enter due to the dynamic, technical, and emerging nature of the space.

WovenEarth draws on the decades of experience that founder Jane Woodward has accrued building portfolios of early-stage risk in the energy industry. Jane is complimented by two partners, co-founder Mauricia Geissler, the former chief investment officer of Amherst College, and Denise Miller, an energy transition strategist, and four other team members as well as expert senior advisors. 

WovenEarth’s inaugural institutional partners include three major university endowments – Boston University, Northwestern University, The Pennsylvania State University – along with Glenmede (representing a major foundation), Mortenson Family Foundation, and M.A. Mortenson Companies. Big Path Capital provided fundraising support.

Since 2022, WovenEarth Fund I has invested with 13 US-based early-stage climate tech venture fund managers that are generalist investors focused on decarbonization, as well as managers that have domain-focused funds on specific climate tech sub-sectors such as wildfire, water, agriculture, or digital solutions.

WovenEarth Fund I is largely committed to underlying funds and seeks to ultimately provide exposure to over 300 underlying portfolio companies. In addition, the fund also opportunistically coinvests directly in companies often with unique access.

Jane has been an educator at Stanford for more than 30 years and investor education is central to WovenEarth’s strategy. She brings her knowledge to WovenEarth investors through curated quarterly workshops featuring venture managers from WovenEarth’s portfolio along with select portfolio companies.

About WovenEarth
WovenEarth’s mission is to seek attractive, risk-adjusted returns while moving compelled capital into US early-stage climate tech venture, providing highly diversified exposure to the sector via a focused, carefully crafted fund of funds with differentiated access.

Media & PR Contact
Chris Allieri
Mulberry & Astor
[email protected]

SOURCE WovenEarth Ventures

Global Millennial Capital pioneers the Profit with Purpose methodology of Harvard Business School in partnering with exceptional entrepreneurs.

BOSTON, Feb. 16, 2024 — Global Millennial Capital Ltd., (“GMCL”) an award-winning venture capital fund that uses a data-driven research approach to identify investment white spaces in the global technology sector and reduce investment bias, announced the close of its first $20 million fund as part of an oversubscribed private subscription round. Anchored by the Qatar-based Al Attiyah family office, with participation from various Gulf-based and international investors, the venture capital fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

GMCL was established in 2021, amid the global COVID-19 pandemic, to invest in technology businesses with unique access to leading academic institutions, incubators, accelerators, and corporate venture capital firms. The firm uses a research-driven model to augment its deal-origination capability and to automate the initial assessment of startup features, which is GMCL’s unique value proposition.

The emerging venture capital investor brings a lucrative yet “contrarian” perspective to identifying global themes and investment trends in the technology sector. GMCL has invested in a portfolio of fifteen early-growth technology companies operating in disruptive sectors, as decentralized finance, blockchain technologies, software, and fintech, that embody the prospect of design thinking and innovation in digital economies. At completion, GMCL will have invested in around thirty-five companies with access to unlimited capital towards follow-ons.

The senior members of the management team have previously invested and exited funds with similar strategies and realized paths to exit over a realistic timeframe. The Advisory Board of the fund is composed of industry leaders with more than one hundred years of combined investment experience, bringing solid credentials in the areas of strategic advisory and asset management projects exceeding $6 billion.

Andreea Danila, the General Partner and Member of the Investment Committee holds an impressive record of executing various fund management mandates, spanning venture capital, mezzanine, credit, and private equity. Andreea has previously invested in fifty early-growth technology companies and advised on more than twenty mid-market transactions in the technology and consumer sectors.

GMCL, a member of the Impact Finance Research Consortium, pioneers a data-driven innovation and Profit with Purpose investment model for venture capital funds by introducing the utilization of innovative impact metrics supported by robust research completed by innovative software. By quantifying the tangible and intangible effects of early-stage investments during the hyper-scalability cycles, industry stakeholders can discern not only financial returns but also impact metrics such as social and financial inclusion indices, thereby forming a strong thesis for our impact-driven founders building scalable technology companies that can change the way consumers, companies and governments interact in the new digital economy.

DISCLAIMER: GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS A VENTURE CAPITAL FUND REGISTERED WITH THE BRITISH VIRGIN ISLANDS FINANCIAL SERVICES COMMISSION WITH FUND NUMBER 2037148. NO PART OF THIS ARTICLE IS INTENDED TO BE OR MAY BE RELIED UPON, AS INVESTMENT ADVICE, INVESTMENT RECOMMENDATION, AN OFFER TO SELL, OR THE SOLICITATION OF ANY OFFER TO BUY, ANY SECURITY OR ADOPT ANY INVESTMENT STRATEGY. GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS NOT A REGISTERED INVESTMENT ADVISOR.

Photo – https://mma.prnewswire.com/media/2341118/GMCL_Andreea_Danila.jpg

SOURCE Global Millennial Capital

MIAMI, Feb. 15, 2024 — Paydit, the leading collections automation platform, and LoanPro, the API-first modern lending and credit platform, are excited to announce a new strategic partnership aimed at improving collections and recovery rates for lenders. This integration provides a seamless solution for lenders to manage past-due accounts, automate collections, and help consumers get back on track with their loans which ultimately decreases default rates and increases margins for lenders.

Rising default rates and decreasing margins continue to be growing concerns for all types of lenders. In 2023, default rates for personal lenders rose by approximately 20% and margins for financial institutions plummeted by approximately 30%.

This strategic partnership addresses these concerns by allowing lenders to seamlessly send past-due accounts between LoanPro’s modern credit platform and Paydit’s powerful collections platform, which utilizes advanced automation technology to streamline the collections process. This integration enables customers of LoanPro and Paydit to receive the best of both worlds in a streamlined approach to loan servicing and collections by minimizing manual work and increasing operational efficiency.

“We are thrilled to partner with LoanPro and offer lenders an integrated solution that can save our mutual customers time and resources while improving collections performance,” said Richard Formoe, Co-Founder and CEO of Paydit. “Our platform’s unique approach to collections management, combined with LoanPro’s robust loan management and servicing capabilities, provides a comprehensive solution for lenders looking to optimize their loan recovery process.”

“LoanPro is committed to providing customer delight and our partnership with Paydit enables us to offer even greater value to our mutual customers by reducing risk and increasing operational efficiency,” said Rhett Roberts, Co-Founder and CEO of LoanPro. “We are confident that this strategic partnership will empower lenders to improve their recovery rates and help consumers get back on track with their financial commitments.”

About Paydit
Paydit is the #1 collections automation platform for lenders that instantly streamlines their collections process and improves recovery rates. By utilizing artificial intelligence and advanced automation technology, Paydit’s platform enables personalized communication cadences & strategies with a user-friendly interface that enhances the collections experience for both lenders and consumers. For more information, visit https://www.paydit.com

About LoanPro
LoanPro is the market-leading modern lending and credit platform enabling lenders to innovate quicker, driving account growth while optimizing operational efficiency. Today, 600+ financial organizations use LoanPro to transform their borrower, agent, and back-office experiences. LoanPro’s mission of providing the platform to innovate the future of finance currently is enabled through its composable architecture, allowing lenders to enhance their origination, servicing, payments, collections, all built on the foundation of a modern lending core. For more information, visit https://www.loanpro.io/.

Media Contacts:
Paydit
[email protected]
877-360-6637

LoanPro
Colton Pond
Chief Marketing Officer
[email protected]
801.898.7694

SOURCE Paydit Inc

Investment Strategy Will Focus on Accelerating Treatments and a Cure

PHILADELPHIA, Feb. 15, 2024 — Beyond Celiac, the leading catalyst for a cure for celiac disease, today announces the creation of Beyond Celiac Investments (BCI), an investment program to accelerate the development of treatments and a cure for celiac disease by leveraging the speed and scale of venture capital and capital markets. BCI launches with an initial funding of $2 million and additional capital will be raised through donations.

“Our research has uncovered no venture funds with a specific focus on celiac disease or autoimmune disorders, though many venture funds invest in companies that have the potential to address it,” Alice Bast, President and CEO, Beyond Celiac, notes. “Our plans for BCI are to invest significant resources to identify promising treatments under development as well as those that have been investigated or approved for other purposes that also might benefit celiac disease patients. Our scientific and business expertise in selecting and supporting these treatments reduces risk, cost and time to market for potential celiac disease treatments,” she adds.

BCI is using the Development Catalyst business model, designed to increase development and commercialization activity across the Celiac treatment spectrum. The model enables drug development through nonprofit means. Using donated funds also means that all financial returns from BCI’s investments return to Beyond Celiac to be used for future investments and grants to benefit Beyond Celiac’s cure acceleration mission and celiac disease population.

Because BCI uses donated funds through a venture philanthropy model, investing can begin immediately. “BCI’s Development Catalyst investment strategy will focus dollars where we can have the greatest impact on the most promising investments. We are building relationships with targeted venture capital firms and corporate venture capital efforts at pharma companies that understand the unique role that both Beyond Celiac and Beyond Celiac Investments can play in sourcing, due diligence and supporting scientific and commercial success of portfolio companies across pre-commercial and commercial stages,” Bast explains.

The Beyond Celiac Investment Team includes Alice Bast, President and CEO; Jordan Dubow, M.D., Chief Medical Officer; Debra Silberg, M.D., Ph.D., Chief Scientific Officer; and Eric White, Fund Manager.

BCI fulfills the fourth phase in the Beyond Celiac Science Plan, developed in 2021 to drive the search for a cure by 2030 so that the 3.2 million people diagnosed with the disease can live healthy lives and eat without fear of gluten exposure. The Science Plan has four scientific priorities: evidence generation, translational research, clinical trials and drug repurposing. The first three phases of the plan are well underway and the drug repurposing priority is now expanded to include investments in all types of treatments. Beyond Celiac is the nation’s top recruiter for celiac disease clinical trials and works with pharmaceutical companies to ensure that trials are designed with the patient perspective in mind. Beyond Celiac is the largest 501(c)3 celiac disease research grant funder, including five research grants totaling $1.6 million in 2023.

Inquiries about investing should be directed to [email protected].

About Beyond Celiac
Founded in 2003, Beyond Celiac is the leading catalyst for a celiac disease cure in the United States, serving as a patient advocacy and research-driven organization working to drive diagnosis and accelerate the discovery of new treatments. By engaging with the top scientists in the field, making the right investments in research and supporting the broad community of those with celiac disease and gluten sensitivity, Beyond Celiac envisions a world in which people can live healthy lives and eat without fear – a world Beyond Celiac. BeyondCeliac.org

Media Contact:
Juliann Kaiser, 770.643.1807
[email protected]

Mary Kate Carofano, 267.419.2110
[email protected]

SOURCE Beyond Celiac

The funding will enable Arch to grow its engineering team, reach new customers, and make heat pumps the clear financial choice for contractors and homeowners

SAN FRANCISCO, Feb. 15, 2024 — Arch, a data intelligence platform for HVAC contractors, announced today that it has raised $6.2 million in seed funding from Gigascale Capital, Coatue, Floodgate, ReGen Ventures, and MCJ Collective. The investment comes as a fast-growing majority of Americans want to electrify their homes amid a shortage of installers and high upfront costs. Arch aims to ease both by transforming the sales process and making heat pumps the obvious financial and performance choice for contractors and homeowners. The company will use the funds to grow its engineering team and expand its customer base in the Northeast and California.

Contractors typically face time-consuming sales processes and low conversion rates, spending 80% of their time on leads that won’t convert, a cost-shared across every installed heat pump. Arch’s System of Intelligence for Revenue Generation integrates data from over 12 sources across internal (e.g., CRM, ERP) and external (e.g., satellite real estate footprints) and uses proprietary algorithms to offer intelligence beyond workflow automation. The platform enables contractors to quickly analyze homes, optimize heat pump systems, and will soon include savings calculations. With these insights, Arch will unlock competitive point-of-sale financing and further boost contractors’ sales.

“I was a solar installer myself, have been on the road with contractors, and know how frustrating it is to invest time upfront and miss out on a sale,” said Phil Krinner, Co-Founder and CEO of Arch. “Heat pumps are currently a black box. By providing insights to contractors, homeowners, and financiers, we’re helping them translate heat pumps into a financial opportunity.”

Electric heat pumps are outselling gas furnaces as consumers navigate roller coaster energy prices, increasingly frequent heatwaves, and take advantage of federal, state, and utility incentives. This critical decarbonization technology cools and heats with significantly lower carbon emissions compared to traditional air-conditioners and furnaces that rely on fossil fuels. Analysis by RMI indicates that replacing a gas furnace with a heat pump can reduce up to 93% of climate pollution.

Rewiring America’s analysis suggests that the Inflation Reduction Act (IRA) will provide American households with an average of $10,600 for full electrification, saving them an average of $1,800 annually on energy bills. In September 2023, a coalition of 25 states, representing 55% of the U.S. population, committed to installing 20 million residential heat pumps by 2030. The International Energy Agency estimates that the U.S. must invest $160 billion annually by 2030 to meet its goals.

Arch is designed to help contractors capitalize on increasing demand by making their work more efficient. It cuts down the time spent on paperwork, site visits, and creating estimates. The platform works similarly to Aurora Solar and is well-placed to benefit from the expected growth in the HVAC sector, which is predicted to grow rapidly like the solar industry. Once a system is designed, the goal is for contractors to use Arch’s savings forecast to provide homeowners with a clear view of a heat pump’s long-term return on investment. Additionally, Arch plans to provide its comprehensive insights to lenders to unlock the industry’s most competitive point-of-sale financing.

“Between falling technology costs, energy volatility, and compelling incentive – heat pumps are becoming a no-brainer for households looking to save money,” said Victoria Beasley, Partner at Gigascale Capital.  “The Arch team is well positioned to take advantage of an exponential growth curve in heat pumps that is set to mirror the growth in solar.”

“Arch’s data intelligence platform seeks to solve an important piece of the heat pump installation puzzle for HVAC contractors,” said Jaimin Rangwalla, Senior Managing Director at Coatue. “We are excited to partner with Arch in this new era of climate-conscious HVAC solutions and we look forward to supporting them on their mission to transform the $126 billion HVAC contractor market in the US.”

“Arch is revolutionizing the way we work,” says Scott Arnold, founder of RYCOR. “Having implemented Arch across all our locations in the Northeast and leveraged Arch’s innovative home analysis, automated design, and estimate generator, we’ve made our sales process more efficient. Integrating Arch into our workflow has been a game-changer for growing our business. We are proud to partner with Arch.”

Arch is additionally backed by notable angel investors, like Chris Hopper and Sam Adeyemo, the cofounders of Aurora Solar. To date, Arch has processed over $4 million of heat pump sales through the platform and expects that amount to be 10x or more in 2024. For more information, please visit https://www.getarch.com.

About Arch

Arch helps HVAC contractors grow their businesses and pioneer the future of home electrification. The Arch System of Intelligence streamlines lead generation, system design, and financing to increase conversion rates. Led by co-founders Phil Krinner and Sacha Schmitz, the San Francisco company brings together expertise in large-scale solar projects and advanced software development. Arch is currently available to professionals in the Northeast and California. For more information, visit https://www.getarch.com.

Press Contact:

BAM
6199951288

SOURCE Arch

Funds to Support Accelerating Demand of the Vatom Platform. Partners such as Deloitte, Visa, P&G, Dentsu, Google, Pepsico, and other Fortune 500 companies driving record-breaking growth of the company  

VENICE, Calif., Feb. 15, 2024 — Vatom Inc. (“Vatom”) announced today that it has completed an initial $10 million Series B financing. The company will use the proceeds to expand Customer Success, Marketing, and Product teams supporting its rapidly growing customer base. The Series B will remain open for anticipated additional investors in the coming months. 

The company’s valuation was set at $125 million, driven primarily by its unique platform offering and its growing roster of Fortune 500 customers. Vatom was recently named by INC Magazine as one of the top 5000 fastest-growing companies in the USA.

The round is being led by GSV AirCO, a global venture capital fund focused on the rapidly growing digital education market. Michael Moe, founder and CEO of GSV will join Vatom’s board of directors. Current investors in Vatom include iHeart Media, Galaxy Digital, Raine Group, and Bat VC.

“We are excited and honored to have such a well-known and respected company partner with us to help bring our vision and products to the world,” said Eric Pulier CEO and founder of Vatom.” Our unique solution has become the customer engagement platform of choice for some of the largest companies in the world, including Google, PepsiCo, P&G, Deloitte, Dentsu, iHeart Media, among others. We are looking forward to Vatom’s next stage of growth, and to see how it will shape the future of customer engagement.”

About Vatom
Vatom is a next-generation customer engagement platform.  Our unique solution has become the engagement platform of choice for some of the largest companies in the world, including Google, PepsiCo, P&G, Deloitte, E&Y, Visa, iHeart Media, and Dentsu, among others. https://www.vatom.com

INVESTMENT CONTACT INFORMATION
Marc Delesalle
Managing Director Strategy & Alliances
marc@vatom.com

SOURCE Vatom Inc.