MONROVIA, Calif., April 30, 2024 –  LiNova Energy Inc. (Linova) has raised $15.8 million in a Series A financing round that was led by Catalus Capital, who were joined by Saft, a subsidiary of TotalEnergies, Chevron Technology Ventures and a syndicate of investors. LiNova will use the funds to accelerate its mission to revolutionize the energy storage landscape with its polymer cathode battery.

This significant financial milestone will enable LiNova Energy to expand its research and development efforts, scale up operations, and accelerate the commercialization of its cutting-edge batteries. LiNova has developed a high-energy polymer battery technology that is designed to allow material replacement of the traditional cathode containing cobalt, nickel, and other critical materials.

LiNova also announced that it has entered into a joint development agreement with Saft, pursuant to which LiNova and Saft will work together to develop the battery technology for commercialization in Saft’s key markets. “We are proud to collaborate with LiNova in scaling up its technology, leveraging the extensive experience of Saft’s research teams, our newest prototype lines, and our industrial expertise in battery cell production.“ said Cedric Duclos, CEO of Saft.

“The technology developed by LiNova is designed to have higher energy density while providing a safer, lighter and lower-cost solution to the battery market,” said Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our $300 million Future Energy Fund II, which focuses on industrial decarbonization, emerging mobility, energy decentralization, and the growing circular economy. We welcome LiNova Energy to the portfolio.“

“We are excited to lead LiNova’s Series A round and support their path to commercial success,” said Saif Qazi, Vice President at Catalus Capital. “LiNova’s innovative polymer cathode technology is a strong addition to our energy storage portfolio. Catalus’ investments in the space are focused on companies that combine a sound technical foundation with a capable management team and a robust commercial plan. LiNova is emblematic of this approach. We look forward to a successful partnership.“

“We are grateful for the support and confidence of our investors,” said Michael Nagus, CEO of LiNova Energy. “This funding is a testament to the potential of our technology and the impact it will have on delivering a more sustainable battery for the world’s energy storage needs. With this investment, we are well-positioned to advance our mission and bring our innovative polymer cathode batteries to market.“

Catalus Capital, Chevron Technology Ventures, and Saft bring a wealth of experience and strategic resources to the table, which will be instrumental in guiding LiNova Energy’s growth trajectory.

As LiNova Energy moves forward, the company is committed to leveraging this investment to make significant strides in the battery technology sector, driving innovation, and delivering value to its customers and stakeholders.

For more information about LiNova Energy and its mission to transform the energy landscape, please visit https://www.linovaenergy.com/

About LiNova Energy, Inc.

LiNova Energy is developing ultra-high-energy batteries utilizing a Polymer Cathode for the EV, Aerospace, and Energy Storage industries. LiNova Energy’s cathodes require no Nickel, Cobalt or any metal oxides, ensuring a sustainable and cost-effective battery solution. The company is dedicated to revolutionizing the way the world stores energy.

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities.

SOURCE LiNova Energy Inc.

– Invent Analytics recauda 17 millones de dólares para ayudar a los minoristas a maximizar las ganancias con la inteligencia artificial de la cadena de suministro y ampliar la huella de la plataforma

FILADELFIA, 30 de abril de 2024 — Invent Analytics, un galardonado proveedor global de soluciones de planificación minorista, anunció hoy que ha obtenido 17 millones de dólares en financiación Serie B. La ronda de inversión está dirigida por LFX Venture Partners, en asociación con los inversores existentes del Banco Europeo de Reconstrucción y Desarrollo (BERD) y Collective Spark. Invent Analytics está ayudando a las marcas líderes a maximizar sus ganancias aprovechando sus soluciones SaaS impulsadas por IA para la previsión de la demanda, la planificación del inventario, el reabastecimiento, la asignación, el posicionamiento de las devoluciones y la fijación de precios.

LFX Venture Partners es un inversor centrado en la cadena de suministro con más de 15 años de experiencia en inversiones en soluciones impulsadas por la tecnología diseñadas para abordar problemas antiguos dentro de la cadena de suministro global.

Invent Analytics utilizará los fondos para:

• Mejorar las capacidades de su plataforma de IA
• Continuar innovando para las crecientes expectativas en el comercio minorista omnicanal
• Fortalecer alianzas estratégicas
• Ampliar su equipo de expertos en comercio minorista

John Seung, socio director de LFX Venture Partners, indicó: “Tenemos la misión de construir una cadena de suministro global mejor, más eficiente y sostenible. Elegimos invertir en Invent Analytics por su innovadora tecnología de toma de decisiones mediante IA y su capacidad para acelerar las capacidades de planificación de los minoristas para crear un retorno de la inversión directo”.

Fundada en 2013, Invent Analytics tiene oficinas en Estados Unidos y a nivel mundial se ha convertido en un socio fiable para más de 50 cadenas minoristas líderes a nivel mundial, incluidas Men’s Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below y GNC. En particular, las asociaciones exitosas de Invent Analytics con sus clientes se han destacado en varios premios, incluidos Women in the Supply Chain y RIS’ Top Movers and Shakers in Retail. Además, la empresa recibió el premio “Innovación en gestión de devoluciones del año” en los premios RetailTech Breakthrough Awards 2024 por su solución  de posicionamiento de devoluciones para optimizar el proceso de devoluciones para lograr una mayor velocidad, eficiencia y rentabilidad.

El profesor Gurhan Kok, fundador y consejero delegado de Invent Analytics, afirmó: “La optimización del inventario es más crucial que nunca, gracias a las muchas formas en que los clientes pueden buscar, comprar y devolver productos en este mundo omnicanal. Muchos minoristas todavía dependen de información histórica datos, suposiciones y procesos manuales para tomar decisiones de inventario, lo que genera pronósticos inexactos, falta de existencias y clientes insatisfechos. Nuestras soluciones aprovechan la inteligencia artificial para tomar decisiones de planificación granulares en toda la cadena de suministro, incluida la planificación, la optimización de precios y el cumplimiento. Continuamos mejorando nuestras capacidades, seguimos enfocados en la rentabilidad, mejorando las experiencias y creando clientes leales”.

Imágenes de prensa: https://bit.ly/4aLwbM0

Acerca de Invent Analytics
Invent Analytics  (inventanalytics.com), un proveedor global de soluciones de planificación minorista que ayuda a los minoristas líderes a acelerar sus capacidades omniconscientes de pronóstico, asignación, reabastecimiento y reducción de la demanda mediante el uso de su software impulsado por inteligencia artificial que aprovecha el modelado de optimización de ganancias financieras.

Acerca de LFX Venture Partners
LFX (lfxvp.com) es un fondo de capital riesgo centrado en invertir en tecnologías disruptivas y nuevos modelos de negocio que dan forma al futuro de las cadenas de valor globales. Al aprovechar la experiencia en el campo y la escala global de los socios, LFX ofrece capital, conocimiento operativo, información sobre datos y acceso a la red a las empresas de su cartera.

Foto – https://mma.prnewswire.com/media/2400395/gurhan_kok_1.jpg
Logo – https://mma.prnewswire.com/media/2400396/invent_main_og_Logo.jpg

The financing furthers Aperture VC’s commitment to investing early & over the long term in AI startups helping enterprises solve society’s most difficult problems.

NEW YORK, April 30, 2024 — Alaffia Health, the leader in generative AI for health plan claim operations, recently announced $10M in Series A funding, bringing its total amount of capital raised to $17.6M. The round was led by FirstMark Capital, with the participation of Aperture Venture Capital and other investors. Alaffia’s management team intends to use the funding to expand its commercial footprint and further invest in advanced AI research and product development.

Aperture VC Managing Partner Garnet Heraman noted, “Since investing in Alaffia’s seed round and, revenues have accelerated by 4x as the industry accolades have poured in. Alaffia is proof of AI’s positive impact when applied to the challenges of specific industry verticals. Their AI solutions for claims operations are transforming the healthcare landscape for providers, payers, and patients alike.”

Alaffia’s success is driven by the advanced AI solutions built for health insurance plan customers. The company’s flagship generative AI tool, Ask Autodor, is a co-pilot built for health insurance claims teams to automate complex manual tasks and complete them up to 20X faster. “We appreciate the strong support the Aperture VC team has shown over the last three years. Their guidance has been invaluable in giving us the room as founders to pioneer the use of new AI tools across the healthcare claims ecosystem,” said Alaffia CEO TJ Ademuliyi.

About Aperture Venture Capital
Aperture Venture Capital is a seed stage investor in startups leveraging financial innovation to help businesses and individuals thrive. Our debut fund was launched in 2021 with investments from global financial technology giants FIS, Truist, PayPal, Bank of America, Progressive, MassMutual, as well as NextEra Energy. Aperture’s investing platform is purpose-built to invest with expertise across the full spectrum of financial services including banking, payments, insurance, security, compliance and enterprise SaaS. We invest in the next generation of technology leaders forging the prosperous future we envision for all. For more information, visit aperturevc.com.
Press Inquiries: [email protected]

About Alaffia Health
Alaffia Health is a leading AI company that helps health insurance plans streamline their operations and reduce claim spending. The company offers Autodor, its integrated claims platform, to revolutionize the way that clinicians and medical coders across utilization management, payment integrity, special investigations, and appeals review health insurance claims. Alaffia Health has been featured on the WSJ, Forbes, TechCrunch, and Becker’s Hospital Review. For more information, visit www.alaffiahealth.com.

Media Contact:
Philip McKenzie
949-414-7884

SOURCE Alaffia Health

PHILADELPHIA, April 30, 2024 — Invent Analytics, an award-winning global retail planning solutions provider, announced today that it has secured $17 million in Series B funding. The investment round is led by LFX Venture Partners, in partnership with existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark. Invent Analytics is helping leading brands maximize profits by leveraging its AI-powered SaaS solutions for demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing.

LFX Venture Partners is a supply chain focused investor with over 15 years of experience in investing in technology-driven solutions that are designed to address age-old problems within the global supply chain.

Invent Analytics will use the funding to:

• Enhance capabilities of its AI-platform
• Continue to innovate for rising expectations in omni-channel retail
• Strengthen strategic partnerships
• Broaden its team of retail experts

John Seung, Managing Partner, LFX Venture Partners, said, “We’re on a mission to build a better, more efficient, and sustainable global supply chain. We chose to invest in Invent Analytics for its innovative AI-decisioning technology and ability to accelerate retailer planning capabilities to create direct bottom-line return on investment.”

Founded in 2013, Invent Analytics has offices in the US and globally has become a trusted partner for over 50 leading global retail chains – including Men’s Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC. Notably, Invent Analytics’ successful partnerships with its customers have been highlighted in several award wins, including Women in the Supply Chain and RIS’ Top Movers and Shakers in Retail. Additionally, the company was awarded “Return Management Innovation of the Year” in the 2024 RetailTech Breakthrough Awards for its Returns Positioning solution to optimize the returns process for greater speed, efficiency, and profitability.

Prof. Gurhan Kok, Founder and CEO of Invent Analytics, said, “Inventory optimization is more crucial than ever, thanks to the many ways customers can browse, buy, and return goods in this omni-channel world. Many retailers still rely on historical data, assumptions, and manual processes to make inventory decisions, leading to inaccurate forecasts, out-of-stocks and unhappy customers. Our solutions leverage AI to make granular planning decisions across the supply chain, including planning, price optimization, and fulfillment. As we continue to enhance our capabilities, we remain focused on profitability, enhancing experiences, and creating loyal customers.”

Press images: https://bit.ly/4aLwbM0

About Invent Analytics
Invent Analytics (inventanalytics.com) a global retail planning solutions provider that helps leading retailers accelerate their omni-aware demand forecasting, allocation, replenishment, and markdown capabilities by using its AI-powered software that leverage financial profit optimization modeling.

About LFX Venture Partners
LFX (lfxvp.com) is a venture capital fund focused on investing in disruptive technologies and new business models that shape the future of global value chains. By leveraging the domain expertise and global scale of partners, LFX offers capital, operational knowledge, data insights, and network access to its portfolio companies.

SOURCE Invent Analytics

New capital infusion to drive commercial real estate sector growth and global market expansion

SAN FRANCISCO, April 30, 2024 — Inhabitr, the pioneering AI-powered commercial real estate furnishing platform, has successfully secured $27 million in a Series B funding round led by Hamilton Ventures, alongside other influential commercial real estate owners and operators.

This substantial investment marks a significant milestone for Inhabitr, enabling the company to significantly increase its revenue target by furnishing over 100,000 units by the end of 2025. The funding will further drive growth in the B2B sector, serving a diverse spectrum of commercial real estate, including hospitality, multifamily, and student housing, catering to both independent and branded properties across budget to luxury segments. Additionally, Inhabitr plans to utilize the funds to expand its presence into the Middle Eastern and UK markets.

Inhabitr’s innovative platform harnesses AI technology and seamlessly blends human expertise with real-time insights into global furniture inventory, cost, and availability. Powered by cutting-edge AI specifically trained for FF&E (furniture, fixtures, and equipment), it transforms how you discover, curate, purchase, and get value from design assets. Imagine using Generative AI to visualize design concepts or leveraging Large Language Models to find the perfect piece for your space. This platform, fueled by disruptive technologies, represents a design experience unlike any other.

In addition to its AI capabilities, Inhabitr offers a proprietary financing solution that allows commercial real estate owners to upgrade their properties with minimal upfront investment, a particularly valuable offering in the current challenging capital market environment. Notable success stories include the furnishing of a 140-room boutique hotel in Hawaii within a five-month timeframe, resulting in significant cost savings, a six-month reduction in project duration compared to competitors, and the elimination of the need for a $1 million upfront investment.

The company caters to the unique requirements of commercial real estate owners and operators, streamlining the traditionally fragmented furnishing process. Inhabitr’s technology-driven approach facilitates up to a 50% faster furnishing process and up to 30% lower costs compared to conventional methods. Having already furnished over 20,000 units with end-to-end service from design, procure, install and finance across the United States for a broad range of projects in commercial real estate, Inhabitr has already established itself as an innovative leader in the commercial furnishing space.

“At Inhabitr, we are on a mission to revolutionize the commercial furnishing industry through cutting-edge technology,” stated Ankur Agrawal, founder and CEO of Inhabitr. “Unlike traditional residential furniture companies with a professional arm, Inhabitr is purpose-built to address the unique challenges of commercial real estate. Our AI-powered platform, coupled with our extensive network of suppliers and partners, enables us to deliver high-quality, commercial-grade furniture solutions with unparalleled flexibility, speed, cost-efficiency, and sustainability. This latest funding round is a testament to our innovative approach and will empower us to accelerate our growth, expand internationally, and continue to transform the commercial furnishing landscape.”

“Inhabitr has truly revolutionized the furnishing process for hospitality properties which historically has always been a cumbersome and fragmented process, having to coordinate multiple vendors for design, procurement, delivery and more,” remarked Guneet Bajwa, owner of Presidio Companies. “As an owner of various branded hotels, including Marriott, Hilton, and Hyatt properties, we have experienced firsthand the transformative impact of Inhabitr’s AI-powered platform. By consolidating multiple steps into a single seamless solution, Inhabitr has not only accelerated the furnishing process but has also delivered superior quality furniture at a lower cost compared to traditional vendors.”

Since its inception in 2018, Inhabitr has carved out a distinct niche in the B2B furniture sector, focusing on commercial real estate while competitors have ventured into the consumer space. With a workforce exceeding 150 full-time employees spanning six countries, the company boasts a formidable global presence. The Series B funding round, which brings Inhabitr’s total funding to $31 million, positions the company to further strengthen its team as it embarks on its international expansion journey.

“Investing in Inhabitr and leading the Series B funding round was a natural choice given their remarkable growth trajectory and unwavering commitment to innovation,” said Prashant Kothari, Managing Director of Hamilton Ventures. “With one of the best teams we have seen and disruptive AI technology, we believe Inhabitr is well-positioned to continue redefining the B2B furniture landscape. Hamilton is thrilled to support them in their global expansion efforts.”

For more information about Inhabitr and its end-to-end B2B furnishing platform, visit inhabitr.ai.

About Inhabitr
Inhabitr is the first AI-powered commercial real estate furnishing platform offering a seamless end-to-end solution covering design, procurement, installation, and financing. Leveraging cutting-edge AI technology in tandem with an extensive network of suppliers and factory partners, Inhabitr excels in delivering high-quality, commercial-grade furniture solutions characterized by unmatched flexibility, speed, cost-efficiency, and sustainability. With a proven track record of furnishing over 20,000 units across the United States, Inhabitr serves a diverse spectrum of commercial real estate sectors, including hospitality, multifamily, and student housing assets, catering to both independent and branded properties across budget to luxury segments. 

Media Contact
Maegan Ratts
BLASTmedia for Inhabitr
[email protected]

SOURCE Inhabitr

The real estate fund builds upon the General Partners’ 10-year track record in the luxury vacation rental home market

NEW YORK and COLUMBUS, Ohio, April 30, 2024 — East Chop Capital (East Chop) today marks the successful closure of its Fund II at $11 million, which focuses exclusively on luxury vacation rental homes.

“Fund II is about scale and pattern recognition as we invest in undiscovered, overlooked/undervalued, or value-add vacation rental homes and developments across the United States,” said Carrington M. Carter, Co-founder and General Partner. “We’re pleased to already be putting this capital to work in Florida and Texas.”

Fund II drew equity investments from 93 LPs, including Liberty Financial Services.

East Chop closed its first fund in December 2020 at $4 million, which is currently on track to deliver 25% returns, net of fees, and a focus on the $75 billion global vacation market that is projected to reach over $130 billion by 2033.

With an emerging presence in private equity, East Chop unveils a divergent new blueprint for capital deployment, promising innovation and growth for investors and founders.

The firm has also invested in technology, financial services, media, and professional sports, and is the largest minority-led investment group in Uncle Nearest, Inc. With $30 million in AUM, East Chop’s growing network includes approximately 200 investors, 90% of whom are Black, and approximately 23% of whom are women.

“East Chop Capital is building on its extensive ecosystem to educate investors in private equity and venture capital, and simultaneously opening doors to unique investment opportunities,” said Calvin L. Butts, Jr., Co-founder and General Partner. “These key pillars are part of our philosophy of investing to build generational wealth while tackling socioeconomic disparity.”

Forward Looking Statements
Certain information set forth in this press release contains “forward-looking information” under applicable securities laws. Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of East Chop Capital; (ii) the expected development of our business; (iii) execution of our vision and growth strategy; (iv) completion of our projects that are currently underway, in development or otherwise under consideration; and (v) future liquidity, working capital, and capital requirements. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. East Chop Capital undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

About East Chop Capital 
East Chop Capital is a private equity firm founded in 2018, born from the idea and necessity of pooling the resources of many to build generational wealth for investors, and connect business owners to capital, relationships, and other resources to catalyze their success. The growing East Chop Capital network works to eliminate socioeconomic disparity and close the wealth gap, through its commitment to provide the best combined financial, educational, and social returns. Learn more at https://eastchopcapital.com/ 

SOURCE East Chop Capital

New funding to accelerate growth in AI and cloud security as Corelight helps customers find and disrupt advanced attacks

SAN FRANCISCO, April 30, 2024 — Corelight, a leader in open network detection and response (NDR), today announced it has raised $150 million in Series E investment led by its first capital investor, Accel, with additional strategic investment from Cisco Investments and CrowdStrike Falcon Fund.

This funding will accelerate Corelight’s AI-driven security innovation, cloud-native security capabilities, and data fusion partnerships with leading cybersecurity platforms to deliver transformative capabilities for SOC analysts and incident response teams.

Beyond these investments, Corelight is the NDR platform of choice for the elite cybersecurity services teams at CrowdStrike, Mandiant, and the Black Hat NOC at Black Hat events. Corelight’s technology and partnerships have propelled them to becoming the industry’s fastest-growing, scaled NDR platform, with over 40% YoY ARR growth and 300% YoY growth in the company’s AI and SaaS-driven NDR solutions. 

“Corelight uses the network to provide ground truth evidence of adversarial movement, and the use case for that data is unbounded,” said Brian Dye, CEO of Corelight. “Customers and partners are broadly adopting Corelight to drive advances in AI-driven security operations, cloud visibility and detection, and next-generation SIEM platforms. We are excited to collaborate with CrowdStrike, Cisco and Accel as we continue to innovate and serve the needs of our mutual customers.”

New investments underscore the power of Corelight’s Open NDR strategy

“What stood out about Corelight since the early days was its unusually strong enterprise traction, battle-hardened, open-source technology, and its delighted customers,” said Arun Mathew, partner at Accel. “Corelight is remarkably well positioned to modernize legacy technologies and deepen technology partnerships with the most significant cybersecurity organizations and platforms around the globe.”

“Driving visibility across hybrid and multi-cloud environments helps customers solve key security challenges and amplify the power of their cybersecurity posture,” said Janey Hoe, vice president, Cisco Investments.

“Next-Gen SIEM will transform how security analysts detect, investigate and respond to attacks,” said Gur Talpaz, vice president of corporate development at CrowdStrike and head of Falcon Fund. “Third party data from Corelight’s Open NDR Platform adds valuable context to the rich telemetry of the Falcon platform. We’re excited to increase our investment in Corelight, extending our partnership.”

To learn more about Corelight’s Open NDR Platform, please visit https://corelight.com/solutions/why-open-ndr

About Corelight

Corelight transforms network and cloud activity into evidence that security teams use to proactively hunt for threats, accelerate response to incidents, gain complete network visibility and create powerful analytics. Corelight’s global customers include Fortune 500 companies, major government agencies, and large universities. Based in San Francisco, Corelight is an open-core security company founded by the creators of Zeek®, the widely-used network security technology. For more information, visit https://corelight.com or follow @corelight_inc. Corelight is continuing to invest in hiring diverse talent across all levels of the business around the globe. More information on job openings can be found on the Corelight careers page.

SOURCE Corelight, Inc.

HONG KONG, April 29, 2024 — The Exchange Traded Funds, Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF (the “ETFs”) have officially launched on the Hong Kong Stock Exchange today. In respect of the ETFs, Bosera Asset Management (International) Co., Limited and HashKey Capital Limited are the Investment Manager and Sub-Investment Manager respectively. The ETFs are part of the first batch of Bitcoin and Ether spot ETFs to launch in a major financial hub in Asia and they are now listed under the tickers  BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD) respectively.

One of the key features of these ETFs is that they introduce an ‘in-kind’ subscription mechanism, which allows investors to directly subscribe for ETF shares using Bitcoin and Ethereum. Investors can purchase the ETFs with Bitcoin or Ethereum and subsequently sell them for cash, or vice versa, enabling seamless two-way investment flexibility.

Additionally, the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF track the CME CF Bitcoin Reference Rate – Asia Pacific Variant and the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant respectively.

“The launch of the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF marks a significant leap forward in democratizing access to cryptocurrencies,” said Deng Chao, CEO of HashKey Capital. “These innovative ETFs not only provide a convenient entry point for investors but also underscore our commitment to driving innovation in the virtual asset ecosystem.”

Importantly, non-Hong Kong nationals can also subscribe for or purchase units in the ETFs if they meet local regulatory requirements, such as passing customer due diligence.

The Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF are now available for trading on the Hong Kong Stock Exchange.

Note: The tickers BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD)are now officially listed on the Hong Kong Stock Exchange (HKEX).

About HashKey Capital

Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.

As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

For media enquiries, please contact [email protected] ; [email protected] 

SOURCE HashKey Capital

BENTONVILLE, Ark., April 29, 2024 — FortySix Venture Capital LLC (46VC), a venture capital management firm with offices in Bentonville, AR and Tulsa, OK, is proud to announce the launch of Dickson & Main Fund I. The fund is managed by a team of experienced investors at 46VC and will target early-stage tech founders with a strategic connection to the University of Arkansas and wider Arkansas entrepreneurial ecosystem. The Office of Entrepreneurship and Innovation (OEI) at the University of Arkansas (UofA) will serve as UofA’s liaison to Dickson & Main, playing a supportive role to build awareness of the importance of early-stage investment and to ensure that students have educational opportunities to participate in the due diligence process and other aspects of fund management through OEI’s Venture Intern Program.

Dickson & Main will back founders affiliated with the university and entrepreneurial ecosystem with funding and help them harness the power of the university community. “For an early-stage founder, access to capital can be a major challenge in an ecosystem outside of the country’s coastal tech hubs,” said Phil Shellhammer, Executive Director of Office of Entrepreneurship and Innovation. “By recruiting investors who care about Arkansas and investing in startups that are part of our ecosystem, Dickson & Main will fill an important gap, while providing a platform for our students to learn about this dynamic career path in finance.”

As the fund manager, 46VC has developed a low-friction way for investors to support the university community as well as the vibrant regional tech economy that will be open to all accredited investors. “This is a way for private investors to get unique exposure to technology associated with a fantastic Carnegie R1 research university and incredibly powerful ecosystem,” said Connor Sitton, of 46VC. “The opportunity to plug directly into technologies in verticals such as Retail Value Chain, Logistics, Ag-tech, Health tech and several others is unrivaled. All the top founders in these verticals will want Dickson & Main on their cap tables, which will further augment the power of the network.” The fund utilizes an innovative structure that shares a substantial portion of the manager’s carried interest returns with OEI in the form of a donation, creating an evergreen resource for the university’s entrepreneurship and innovation initiatives. The structure allows investors to have the ability to achieve investment returns in a very sought-after asset class while also creating a sustainable future for OEI to ensure its mission continues to thrive.

For more information on the Dickson & Main Fund I and how to get involved, please contact Connor Sitton at [email protected] or 918-629-4554.

About the U of A Office of Entrepreneurship and Innovation

The Office of Entrepreneurship and Innovation creates and curates innovation and entrepreneurship experiences for students across all disciplines. Through the Brewer Family Entrepreneurship Hub, McMillon Innovation Studio, Startup Village and Greenhouse at the Bentonville Collaborative, OEI provides free workshops and programs — including social and corporate innovation design teams, venture internships, competitions and startup coaching. A unit of the Sam M. Walton College of Business and Division of Economic Development, OEI also offers on-demand support for students who will be innovators within existing organizations and entrepreneurs who start something new.

About 46VC

46VC is a venture capital fund manager with offices in Bentonville, Arkansas and Tulsa, Oklahoma. 46VC has a strategy to leverage large networks and invest in startups and technologies in the heartland region where it has unique access to deal flow and domain expertise. For media inquiries, please contact Kate Lynn at 817-851-8036 or [email protected].

For more information on 46VC please visit the firm’s website at www.46.capital

SOURCE FortySix Venture Capital LLC