MCLEAN, Va., Aug. 26, 2024 — V2X, Inc. (NYSE: VVX) announces that it has been awarded a single award indefinite-delivery/indefinite-quantity contract valued at $747 million. The F-5 aircraft play a crucial role in training naval pilots by providing adversary combat tactics and simulation capabilities. This advanced training environment ensures that pilots are well-prepared for real-world scenarios, enhancing their combat readiness and proficiency. The use of F-5s in an aggressor-training role contributes significantly to the overall readiness of our armed forces, ensuring they are equipped with the skills and experience needed to protect the nation effectively.

This contract underscores V2X’s commitment to supporting our nation’s military readiness and ensuring the sustainability of these essential assets.

“We are honored to have been selected for this critical endeavor, further solidifying our dedication to providing industry leading support for our nation’s defense,” said Jeremy C. Wensinger, President and Chief Executive Officer at V2X. “We look forward to leveraging our expertise and capabilities to ensure the operational excellence of the F-5 aircraft and, by extension, the readiness of the U.S. Navy and Marine Corps.”

V2X will be responsible for delivering critical support and operational readiness of the F-5 Adversary aircraft. The work will encompass multiple locations across the United States.

Under this firm-fixed price contract, the comprehensive scope of services is projected to continue through November 2028 on the base contract, with three one-year options that could extend through November 2031, bringing the overall contract value to more than $747 million.

About V2X

V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
[email protected]
571-338-5195

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
[email protected]
719-637-5773

SOURCE V2X, Inc.

CHICAGO, Ill., Aug. 23, 2024 — One of the leading holdings of the MarTech industry – Mitgo Group – decided to deepen its focus on development and implementation of AI solutions in its MarTech and affiliate businesses. The first tranche of investments has been already received by Spanish startup studio AILABIKA.

“No reports or expert advice can replace personal experience. AI today is a buzzword, in which some see the coming revolution of the Internet, and others – the foreshadow of another inflating bubble. But for us, it is first and foremost a practical set of tools that can boost progress in our niches – MarTech, AdTech, Affiliate marketing. This is the reason for our investment and close cooperation with AILABIKA. We have already seen the first results: the indicators of our understanding of AI and its application have almost doubled,” says Max Volokhov, CEO of Mitgo Ventures.

Mitgo has known the AILABIKA team for 8 years. Mitgo’s venture fund invested in one of the first startups of AILABIKA’s CEO Kyrylo Kravchenko. The project developed quickly and successfully reached the exit stage. Subsequently, Kyrylo launched a number of other projects and continued to maintain close ties with Mitgo. He has over 20 years of experience in the IT industry and over 14 years of entrepreneurial experience, as well as a Ph.D. in theoretical physics. Kyrylo has successfully launched over 300 web projects and acted as a founder and co-founder in dozens of startups.

In the fall of 2023, he founded AILABIKA, which focuses on business idea validation, AI consulting and the creation of startups using artificial intelligence technologies. The company embodies a symbiosis of an R&D center and a startup studio. Its team is currently working on a number of projects in the MarTech and AdTech industries. For Mitgo, it will become a bank of expertise in AI and an additional R&D center.

“We have an ambitious goal for the coming year – to launch at least 2 AI-based projects with ARR of at least $10 million in the first year. I am confident in the development and growth of the AI market, and the emergence of artificial general intelligence (AGI) in the near future. The development of AI will radically change the entire sphere of consumption and penetrate almost all spheres of human life, even the most fundamental ones – like family and social relations”,  shares Kyrylo Kravchenko.

Logo – https://mma.prnewswire.com/media/2435899/4874734/Mitgo_Logo.jpg

SOURCE Mitgo

Jumpex Crypto Exchange announces a 100 million dollar investment from Jumpex Capital and will debut as a sponsor at TOKEN2049 in Singapore on September 18-19

SINGAPORE, Aug. 23, 2024 — Jumpex—a leading emerging Crypto Exchange, is proud to announce a significant milestone in its journey. The platform has secured a multi-million-dollar investment from Jumpex Capital, a renowned investment firm known for backing innovative and forward-thinking projects in the financial and technological sectors. This partnership is a positive milestone for Jumpex.com, and we are excited to make our debut as a sponsor at the highly anticipated TOKEN2049 event in Singapore on September 18-19, 2024. 

As the digital finance landscape continues to evolve rapidly, the need for secure, transparent, and user-friendly platforms becomes paramount. The collaboration between Jumpex Crypto Exchange and Jumpex Capital is more than just an investment; it is a strategic partnership aimed at shaping the future of the financial ecosystem. This partnership aims to empower users to explore the future of finance and transition smoothly into the Web3 era, which has the potential to transform how we interact with digital assets.

The cryptocurrency market has seen a significant rise in the popularity of derivatives trading platforms, which offer traders diverse financial instruments to hedge risks, speculate on price movements, and leverage their positions. Jumpex Crypto Exchange will  lead this trend by offering up to 1077x leverage and a zero-fee policy on all spot trading. Our platform caters to both novice and experienced traders, providing them with the tools they need to maximise their trading potential and navigate the complexities of the crypto market effectively.

Jumpex Crypto Exchange Offline Debut—Jumpex.com’s Strategic Move

Jumpex Crypto Exchange is proud to make its debut in Singapore as a sponsor. The event, held in Singapore, attracts visionaries, thought leaders, and enthusiasts from around the world. It presents a unique opportunity for Jumpex.com to showcase its cutting-edge platform and engage directly with the community it serves, fostering deeper user engagement and expanding the platform’s influence within the crypto community.

As a sponsor, Jumpex Crypto Exchange will have a prominent presence at the event, with a booth located on the 4th floor at P143. We will also be offering refreshments and a custom engraving service. Attendees will have the chance to interact with the Jumpex Crypto Exchange team, learn about our latest features and products, and explore potential partnerships.

Innovations and Offerings by Jumpex Crypto Exchange

Through its collaboration with Jumpex Capital, Jumpex Crypto Exchange will drive further innovation in the derivatives market by introducing new products that meet the evolving needs of its users. Jumpex commitment to advancement is demonstrated by our offerings, which include up to 1077x leverage, zero-fee spot trading, over 300 spot trading pairs, and the innovative Copy Trade feature. This feature allows users to replicate the trading strategies of experienced traders, making sophisticated trading strategies accessible to everyone. These features equip traders with the essential tools to effectively navigate the complexities of the cryptocurrency market and optimize their potential returns.

About Jumpex Capital

Jumpex Capital is a prominent venture fund led by experienced industry veterans. Investment philosophy emphasizes creating sustainable value through diverse strategies and robust support. Jumpex Capital invests in projects at various stages, including seed and growth, and has backed over 10 cryptocurrency projects, including the Jumpex Cryptocurrency Exchange.

About Jumpex.com

Jumpex Crypto Exchange is an emerging cryptocurrency exchange that is committed to providing users with a secure, efficient, and innovative trading experience. Renowned for its relentless innovation and long-term value proposition, offering traders leverage up to 1077x and zero-fee spot trading. Dedicated to delivering the highest value, ensuring a seamless and secure experience that empowers users to achieve their financial goals. 

Social media: X (Twitter): @jumpextrading  @JumpexCapital
Learn More: Jumpex.com

SOURCE Jumpex

The raise comes on the heels of the company’s explosive growth growing to 1M builds per month, 3k users, and 1.8k organizations.

PORTLAND, Ore., Aug. 22, 2024 — Depot, the fast-growing build acceleration platform, announced today $4.1M in Seed funding led by Felicis. Y Combinator, Aviso Ventures, Tokyo Black, and several angels also participated in the round. The company has seen explosive growth since over the past 12 months growing to over 1,000,000 builds per month helping over 3,000 users across 1,800+ organizations. The company is now accelerating software development for hundreds of companies including PostHog, Wistia, and Semgrep.

Customers accelerate their build processes leveraging the Depot build platform that supports native CPUs, instant cache sharing, and performance-tuned build runners. Saving customers on average 13,750 build hours per week. The investment will support the company’s expansion of its offering into other build inputs that the Depot platform can further accelerate.

“Builds are the linchpin of software development. All software must be built to run and test code locally,” said Kyle Galbraith, CEO and co-founder of Depot. “Likewise, developers need to build again in a continuous integration environment before testing and deploying to production. Depot accelerates builds in both environments to make the iteration cycle faster for developers everywhere.”

Building software is still wildly inefficient and painfully slow today. Continuous integration providers and traditional build tools have long struggled to address a common pain point for developers: slow build performance. Legacy companies’ focusing on the wrong abstractions has led to inefficient software development processes and increased developer frustration. This inefficiency not only slows down product development but also hampers the speed at which businesses can innovate.

Depot, however, has positioned itself as the solution, fundamentally changing how software is built by providing secure, fast, and intelligent build tools and services that save developers around 13,500 hours of build time per week.

“All software development relies on being able to efficiently build as quickly as possible across both locally and continuous integration environments,” said Jake Storm, Partner at Felicis. “Depot is scaling the build acceleration platform that will revolutionize developer productivity in all environments.”

This news comes on the heels of the company breaking 1,000,000 builds a month and launching its third product, Depot GitHub Actions Runners—a major step forward in Depot’s mission to exponentially accelerate software builds for developers everywhere.

Learn more about Depot at depot.dev

About Depot
Depot helps organizations make their software development cycles up to 40x faster. Engineers use Depot to accelerate their container image and continuous integration builds to save days of build time per week. Fast-growing companies like PostHog, Wistia, and Semgrep use Depot to innovate faster. For more, visit depot.dev.

About Felicis
Founded in 2006, Felicis is a venture capital firm investing in companies reinventing core markets, as well as those creating frontier technologies. The firm was the first to offer a Founder Development pledge, providing needed resources to help founders scale themselves. Felicis focuses on early-stage investments and currently manages over $3B in capital across nine funds. The firm is an early backer of more than 49 companies valued at $1B+. More than 100 of its portfolio companies have been acquired or gone public, including Adyen, Credit Karma, Cruise, Fitbit, Guardant Health, Meraki, Ring, and Shopify. The firm is based in Menlo Park and San Francisco in California. Learn more at felicis.com.

Media Contact 
Name: Kelsey Cullen
Email: [email protected]
Phone: +1 650 438 1063

SOURCE Depot Technologies Inc.

LONDON, Aug. 22, 2024 — 

• archie selects SME champion wamo, and climate-focussed ekko, as it invests intellectual capital in high potential fintechs.
• archie was co-founded by heavyweights Paul Pester and Anthony Thomson.

archie, the fintech acceleration partner which co-founders include Paul Pester and Anthony Thomson, has announced its first two portfolio companies: wamo, and ekko.

Shortening the odds of success
In a market where only one in four VC-backed fintechs succeed, archie is on a mission to change the game. By investing its deep intellectual capital, it aims to turn high-potential fintech disruptors into standout winners. Because too many good fintechs fail.

Following a rigorous selection process that evaluated over 200 fintechs, archie has chosen wamo and ekko as its inaugural investments. Both companies demonstrate significant growth potential and are well-positioned to succeed with archie’s expert guidance:

• wamo: specialising in powering SME growth across Europe, wamo makeit easy to access business accounts with human-led support. Headquartered in London and Malta, wamo is focused on cross-border payments for SMEs. wamo has recently raised $5m and obtained an EMI licence.
• ekko: The UK-based scale-up offers seamless sustainability integrations with financial service providers, offering tools such as carbon tracking and compensation. ekko is ramping up its team across sales and tech to capitalise on the rapidly growing sustainability market.

archie co-founder, Paul Pester, said: “archie exists to solve a very particular problem: helping high-potential firms reach growth. While capital is crucial, what’s often missing is intellectual capital, investing our time and expertise, offering the hands-on support.

“With the backing of archie, both wamo and ekko are well-positioned to thrive in their respective fields, primed for growth and the opportunity to be real category leaders.”

Investing intellectual capital to supercharge growth
The archie team will work side-by-side with businesses, deploying its team of scaling experts to supercharge growth, and maximising chances of success with senior, on-the-ground operational support. archie provides the levers needed to propel businesses into hyper-growth.

archie operates an equity model, exchanging its support, networks, expertise and proven playbooks as services for equity. Its ethos is that “venture capital alone is not enough”, with it instead investing its “intellectual capital” for equity, ensuring skin in the game and aligned interests with founders and investors alike. archie’s co-founders Paul Pester and Anthony Thomson have joined the boards of wamo and ekko respectively, helping to guide the scale-ups through their next phases of growth.

archie was co-founded by financial services veteran Paul Pester (Chair of Tandem Bank, former CEO of TSB and Virgin Money globally, and founder of Loop) and one of fintech’s best-known serial entrepreneurs, Anthony Thomson (co-founder and former chair of UK banks Metro and atom, and Australian digital bank 86 400). Global tech leader Steve Brennen (Uber, PayPal, eBay & Zip), takes the reins as CEO.

About archie

archie speeds up scale-ups.

Inspired by Archimedes (or Archie, as we would call him today): “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.“

archie was founded on the principle that when great ideas succeed, the world moves forward. Unfortunately, most companies fail to achieve their mainstream potential – and that’s where we come in.

It’s our belief that fintech founders need much more than financial backing to turn their ambitions into reality. We provide early-stage fintech businesses with the levers needed – the experience, expertise and toolkits – to get them across “the chasm” and into hyper-growth.

Find out more at www.archiegrowth.com 

Media contacts
For further information or interview requests, please contact:
Andrew Pyle, Director, 56° North
T: +44 (0) 7771 359 482
E: [email protected]

SOURCE archie

The crypto-backed loan provider, backed by Galaxy Ventures, Morgan Creek Digital, Castle Island Ventures, BitGo Ventures and more, is founded on the principles of asset security, concierge client service, and product excellence.

NEW YORK, Aug. 22, 2024 — Arch Lending, the most trusted crypto-backed loan provider, today announced $75M in funds raised, including an oversubscribed $5M equity seed round and a $70M loan financing facility. The equity round was co-led by Morgan Creek Digital and Castle Island Ventures with participation from Galaxy Ventures, BitGo Ventures, and more. Arch serves both individuals and institutions, and is known for its concierge customer service, premier product experience, and industry defining security and trust.

The loan financing facility, expected to grow with increased individual and institutional demand, was provided by Galaxy to fund crypto-backed loans originated on Arch’s platform, backed by Bitcoin, Ethereum, and Solana as collateral. Arch does not rehypothecate any collateral. The structure is designed to grow in size with additional capital providers over time and could eventually be securitized.

“We’ve witnessed first-hand the rise in demand for borrowing against crypto collateral as the asset class has matured. Individual and institutional investors alike seek a trustworthy platform to provide this valuable service, the first step in Arch’s offerings,” said Dhruv Patel, Arch Co-Founder and CEO.

The firm’s founding team brings experience from the best of consumer tech and finance including Bridgewater Associates, Snapchat, Brex, Google, Tinder, and more. The Arch Lending product was designed for investors to experience the cutting edge of consumer tech UX, with a proven lending product.

“Strong lending firms are the backbone of the global financial system and are necessary for the development of the digital asset ecosystem. The creation and development of digital asset lending organizations is essential for the continued growth and maturity of the industry, empowering both institutional and individual participants to harness the full potential of digital assets. Morgan Creek is proud to partner with the outstanding team at Arch Lending to build one of the foundational lenders for the digital asset ecosystem,” said Mark Yusko, Founder of Morgan Creek Digital, and Arch Investor and Board Member.

“We have taken important learnings from prior crypto lenders to build a secure, regulated, trustworthy, and durable business that is here for the long run,” said Himanshu Sahay, Arch Co-Founder and CTO. “Our team will set new standards that will drive growth in this category.”

The Arch team will communicate additional updates as applicable. To learn more about Arch’s lending capabilities, please visit: https://www.archlending.com/.

About Arch Lending
Arch Lending is the most trusted provider of crypto-backed loans, combining security, concierge customer service, and automation to serve individuals and institutions. Its flagship product is over-collateralized crypto-backed loans, stored in qualified custody, and without rehypothecation of collateral. The automated platform provides instant funding in US dollars or stablecoins. Additionally, Arch Lending offers qualified crypto custody to individuals as a standalone offering through a partnership with BitGo, featuring bank-grade security and insurance, and allows trading and staking from cold custody.

Based in New York City and operating under US state lending licenses, Arch Lending was founded in February 2022 and has raised $7.75M in aggregate equity funding across two rounds and $70M in a loan financing facility. For more details, visit archlending.com.

Media Contact: [email protected]

SOURCE Arch Lending

The fastest-growing pickleball franchise, The Picklr, uses Harmonyze to increase team bandwidth by over 10%, allowing team to focus on strategic growth initiatives.

NEW YORK, Aug. 22, 2024 — Harmonyze, formerly known as Legal Hat, an AI-first platform designed to increase franchisor’s profit margins, announced today the successful close of more than $2 million in pre-seed funding. The round was led by Bowery Capital, with meaningful participation from Focal.VC, as well as individual investors that include CXOs at franchisors, AI companies, and private equity firms. This funding milestone is recognition of both the significant value Harmonyze’s AI technology can create for franchisors, and the company’s strong commercial growth.

Franchises are an essential part of the global economy. By 2028, the franchise market is forecasted to reach approximately $5 trillion, representing a 10.41% CAGR from 2023 to 2028. Harmonyze is specifically built to support this important sector by boosting overall profit margins through operational cost reductions and improved same store sales.

Harmonyze uses AI agents to centralize and automate operational and legal compliance, monitoring and reporting, and rapid two-way experimentation across scaled franchise networks. By reducing a franchisor’s team’s manual compliance-focused tasks, Harmonyze increases their bandwidth for high-value, strategic work, such as investing in closer relationships with franchisees, building the overall brand, and developing new intellectual property.

“Operations leaders running franchise networks at scale are charged with coordinating thousands of tasks across countless locations, often at the expense of important strategic work that elevates the brand,” said Gary Liskovich, CEO and Co-founder of Harmonyze. “By developing AI agents purpose-built for franchisors, we’ve been able to significantly streamline and simplify this complexity. I’m thrilled to continue developing cutting-edge solutions for franchisors that make them more profitable, unlock strategic bandwidth, and boost store sales.”

In its first year, Harmonyze has already seen impressive commercial interest. The Picklr, the fastest-growing indoor pickleball franchise in the world, is one such customer that relies on Harmonyze to refocus its team on more strategic growth initiatives that contribute to revenue growth across its network. Harmonyze’s AI understands all of The Picklr’s franchisees’ contractual obligations and tracks for completedness, fully automating more than 200 compliance and legal tasks and increasing team bandwidth by over 10%.

Jonathan Fornaci, President and Chief Operating Officer at The Picklr, said, “Harmonyze helps my team be more efficient and focus on strategic work. It has enabled us to get ahead of countless risks, and will save us millions in the next few years.”

Harmonyze is led by Gary Liskovich, CEO and Co-founder, and Jonny Greenspan, CTO and Co-founder. Childhood friends who grew up in Brooklyn, Gary and Jonny have spent the last 10 years building AI products and leading teams at enterprise companies, including Deloitte and Salesforce, as well as at high-growth startups, including SmartAsset, EvolutionIQ, QuickFrame (acquired by MNTN), and Eskalera. The founders are active advisors to the Titus Center for Franchising, members of the International Franchise Association, and trusted partners of the Franchise Supplier Network.

With this new injection of capital, the Harmonyze founders will accelerate the development and deployment of its AI-first solution, further expand its market reach, and hire several key roles across the engineering and commercial teams.

About Harmonyze
Harmonyze makes it easier for franchisors to run exceptional and profitable businesses. Using AI agents, Harmonyze centralizes and automates operational compliance, monitoring and reporting, and rapid two-way experimentation across scaled franchise networks. This innovative approach not only drives down costs but also frees up teams to focus on strategic, revenue-generating activities, ultimately improving margins. For instance, The Picklr, the fastest growing indoor pickleball franchise in the world, uses Harmonyze to fully automate over 200 compliance and legal tasks, boosting team productivity by more than 10%. Harmonyze is backed by leading investors, including Bowery Capital, Focal.VC, and individual CXOs at franchisors, AI companies, and private equity firms.

To learn more about Harmonyze, visit harmonyze.com

Media Contact
[email protected]

SOURCE Harmonyze

• WestCap leads Series B round to support rapid product expansion amidst private credit boom
• Mark Schultis appointed President of Siepe, bringing two decades of experience in the credit and CLO ecosystem

DALLAS, Aug. 22, 2024 — Siepe LLC, a trusted provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will drive a multi-product roadmap, including the expansion of its AI and Machine Learning capabilities, and strengthen strategic partnerships. These initiatives will help support the accelerated capital flows, and eliminate inconsistent data and processes seen across the Collateralized Loan Obligation (CLO) and private credit ecosystem.

Since its founding in 2012, Siepe has designed solutions and services that enable strategic business and investment decisions for the front, middle and back office teams of private credit asset managers and CLOs. Their solution suite brings entire investment lifecycles into perspective, providing customers with a single source of truth and full transparency into real-time, accurate data to increase oversight and streamline workflows. By leveraging AI technology, Siepe solutions also eliminate manual processes that can be used to drive bottom-line growth for its clients’ customers and optimize investments.

As private credit continues to be one of the fastest growing asset classes within the alternatives market, the firm is committed to enhancing the efficiency, data integrity, compliance support and scalability of CLO and private credit managers. As a result, Siepe has seen significant growth across technology and service business lines in H1 2024 with private credit managers. This includes adding nineteen CLO and private credit deals with eight top-tier US CLO managers, which accounts for over $7.7BN in new assets under administration (AUA). The Company also onboarded two new front-office software clients, one with $80BN AUM in private credit assets and the other with $6BN in total AUM and launched a new private credit fund.

“The new capital will help us continue our momentum in deploying integrated solutions and best-in-class service for fund managers in the private credit and broadly syndicated bank debt sector,” said Michael Pusateri, CEO and Founder of Siepe. “Our mission is to help credit managers better leverage their data to reduce operational risk and increase alpha.”

The Siepe team will leverage WestCap’s experience – as founders, operators and managers – in the private markets ecosystem, specifically around financial technology and data management workflows. The firm is also an early and material investor in private market-leading innovators iCapital and Addepar. WestCap’s support of Siepe will be led by:

• The firm’s founder, Laurence A. Tosi, former CFO of both Airbnb and Blackstone, and COO of Merill Lynch Investment Banking and Trading. As a founder and investor, he created several industry-changing platforms to solve some of the most pressing challenges in private markets, including Ipreo, TMC Bonds and iLevel.
• WestCap Partner, Co-COO and Head of Strategic Operators, Kevin Marcus, who will join the Siepe board and bring his experience as the Co-Founder and former President of iPreo (acquired by IHS Markit), a provider of market intelligence, data, and workflow solutions for global capital markets.
• Ryan Benevides, Principal at WestCap, who will also join the Siepe board, and previously held roles within Blackstone Credit.

“The growth of private credit markets has outpaced investment in technology and innovation, causing inefficiency, lack of insight and control over private assets,” said Laurence A. Tosi, Managing Partner and Founder of WestCap. “These are the challenges that Siepe is addressing with a trusted solution that brings the entire investment lifecycle into perspective.”

In conjunction with the new funding, Siepe has appointed Mark Schultis as President. Schultis joined Siepe as an Advisor in October 2023, bringing nearly two decades worth of experience focused directly in the credit and CLO world. Previously, he was CEO at SE2 LLC, and a Partner and Senior Vice President at IHS Markit running the Wall Street Office (WSO) business.

“I’m thrilled to join Siepe at this pivotal moment in their journey. Michael and team have always taken a technology first approach to building products and services for their customers, which is a key differentiator in the market today,” said Mark Schultis. “This new funding will accelerate our ability to scale our business, better support our customers and drive innovation in the industry, particularly around connectivity, quality and data transparency.”

The new executive and board membership line-up complements Siepe’s deep bench of senior leadership and extensive industry experience. Prior to founding Siepe, Michael Pusateri served as Chief Technology Officer at Carlson Capital and Highland Capital Management. The Company’s board members also include Robert Tomicic, a former Founder of Virtus Partners, and Ann Kono, former Chief Information and Risk Officer for Ares Management Corporation.

Learn more about the company and its offerings at Siepe.com.

About Siepe
Siepe is a leading provider of cutting-edge technology and service solutions tailored to high-yield, private credit and alternative investment managers. Through its cloud-based platform, Siepe offers flexible front, middle and back-office solutions to streamline workflows, scale processes, and transform data into an asset to gain perspective. Siepe’s seasoned specialists provide extensive industry knowledge and support every step of the way. Siepe has a proven track record of supporting top-tier CLO managers, BDCs, private credit funds, structured product investors, and more. The platform leverages technology to reduce risk, gain scalability, and provide a seamless experience for portfolio managers, traders, analysts, and operations to access their data in a centralized format. For more information, visit siepe.com.

About WestCap
WestCap is a strategic operating and investing firm that partners with visionary leaders to build generational businesses. Our team is comprised of seasoned industry leaders and entrepreneurs who guide companies through the most pivotal stages of growth. Some of our notable investments include Airbnb, StubHub, Ipreo, Addepar, Hopper, iCapital, SIMON, and GoodLeap. The firm has offices in New York, San Francisco, New Hampshire and London. For more information, please visit www.westcap.com.

SOURCE Siepe

Led by Industry Titans, New Coaching and Capital Company to Revolutionize the Path to Real Estate Success with Unique Business Model

SEATTLE, Aug. 22, 2024 — Highspire, the premiere learning experience for construction company owners complemented by a powerful venture capital division, today announced its launch to help construction owners leverage their business to become real estate developers. Highspire’s innovative business model and unique approach features two key components, a coaching arm and a capital arm, that enable clients to move beyond making a living to building a lasting legacy.

From mastering construction business management and learning real estate development to leveling up to capital investments and unlocking wealth potential, Highspire provides construction businesses with a comprehensive approach for sustained growth and long-term success.

Highspire’s capital arm offers a chance for clients to elevate their business by learning to raise capital, leveraging retained earnings, and propelling towards substantial wealth creation and investment expertise. Additionally, Highspire Capital offers investment opportunities in real estate projects and will co-invest in select development projects with qualified members.

“Our coaching, coupled with the capital component, gives us an edge in truly supporting our clients’ success,” said Paul Atherton, CEO and Co-Founder of Highspire. “We set out to revolutionize the construction and real estate development industries and are proud to provide a transformative offering through access to expert support, peer-collaborative learning, an adaptable online platform, and exclusive access to our fund.”

Highspire’s coaching program unfolds in two stages. The Business Optimization stage is intentionally designed to transform existing construction companies into self-managing entities, while the Strategic Growth through Diversification & Real Estate Investment stage accelerates growth and diversifies offerings. This enables businesses to transform into vertically integrated real estate investment, development, and construction groups safeguarded against market fluctuations.

Highspire was founded by industry veterans Paul Atherton (CEO), Barrett Johnston, Jordan Milne, and Dave Stephens. Atherton is a long-time advisor across the construction industry. Johnston is the Founder and Principal of Cadence Real Estate, a private vertically-integrated real estate investment firm in Seattle with 50+ multifamily assets. Milne, President and CEO of the GMC Group and Vice Chair of Urban Development Institute, BC, is a highly accomplished real estate investor and developer. Stephens, President and Principal of the LIDA Group, a construction and development company, was named “Builder of the Year” in 2023.

The leadership team also includes accomplished women such as Vanessa Wong, Director of Capital Investments, who raised $45M in equity for a company with over $200M in assets, and Darsh Sidhu-Jawant, Director of Coaching and Development, who led expansions into commercial real estate, corporate acquisitions, and large land development and parceling, managing projects over $23M in the US and Canada.

“We help construction business owners transform from skilled tradespeople into successful business owners, then into developers, and finally into developers capable of raising capital. That’s what’s truly life-changing,” said Darsh Sidhu-Jawant, Director of Coaching and Development of Highspire.

To learn more about Highspire, visit: highspire.com.

About Highspire:
Highspire is a premier learning experience designed for construction company owners aiming to transform their businesses and achieve lasting success. Founded by industry veterans, Highspire combines a unique business model with two core components: a coaching arm and a capital arm. The coaching program focuses on making construction companies self-managed and highly profitable, while the capital arm offers investment opportunities in real estate projects, co-investing with qualified members. With access to seasoned industry experts, peer-collaborative learning, an adaptable online platform, and exclusive access to its fund, Highspire is dedicated to empowering business owners to move beyond making a living and start building a legacy. To learn more, go to: https://www.highspire.com/.

Media Contact:
Alexandra Pony
[email protected]
250.858.0656

SOURCE Highspire