Canaan Partners Leads Round to Establish SAFIRE™ Technology as New Benchmark for Battery Safety

KNOXVILLE, Tenn., Sept. 19, 2024 — Safire Technology Group, Inc. (“Safire Group”), today announced $8 million in new financing led by Canaan Partners, with participation from Correlation Ventures, Higher Life Ventures, Ajinomoto Co., Inc., Automotive Ventures, Outpost Ventures, Potomac Angel Capital, and MaC Venture Capital. This Pre-Series A priced round of financing brings total funding to $11 million and fuels continued development of the company’s Safe, Impact-Resistant Electrolyte (SAFIRE™) technology to transform the safety benchmarks of Lithium-ion (Li-ion) batteries across government and automotive industries. Canaan’s Hrach Simonian will join co-founders John Lee and Mike Grubbs on the board of directors.

“We are grateful to have a highly regarded, deeply experienced, and values-aligned investor in Canaan, and we are eager to continue building Safire Group together,” said Mike Grubbs.

“Safire Group is revolutionizing Li-ion battery technology with a focus on safety. Their innovative solutions are addressing the critical issue of battery volatility and setting new standards in the industry,” said Hrach Simonian, General Partner of Canaan Partners. “Safety should be intrinsic to battery design, not an afterthought. Safire Group’s commitment to redefining how these batteries are used in mobility and government applications promises to unlock unprecedented opportunities on a global scale.”

SAFIRE is the world’s only patented and proprietary drop-in additive for Li-ion batteries that prevents fires through an instantaneous liquid to solid transformation upon kinetic impact, such as an electric vehicle (EV) crash or ballistic event. During an impact, Safire Group’s shear thickening electrolyte technology enables the battery to resist deformation and prevents a short circuit – providing EV makers with lightweight crash protection and enabling Li-ion batteries to be used in novel ways.

Invented after nearly a decade of research and development by the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL), SAFIRE is currently being deployed by the company in four distinct use cases across broad domains: a ruggedized electric motorcycle, a rapidly deployable sensor tower, an unmanned ground vehicle, and multifunctional body armor.

“There is significant demand across the government to integrate SAFIRE technology into novel, ruggedized applications. This financing allows us to expand our operations in the Knoxville, Tennessee area, continue collaboration with ORNL, and further demonstrate the benefits of SAFIRE in government and automotive markets,” said John Lee, CEO of Safire Group. “We are excited about our partnership with Canaan and the opportunities it brings for the next stages of growth in deploying safety solutions for energy systems. Our focus remains on protecting people and critical assets while driving innovation in safety.”

About SAFIRE

Safire Group is a venture-backed company developing advanced Li-ion battery technologies for government and automotive markets. The company’s core technology, SAFe Impact Resistant Electrolyte (SAFIRE™), is the world’s only patented and proprietary drop-in additive for Lithium-ion (Li-ion) batteries that prevents fire through an instantaneous liquid-to-solid transformation upon kinetic impact, such as an electric vehicle (EV) crash or ballistic event. For more information, visit: www.safire.co.

Media Contact
[email protected]

SOURCE Safire Technology Group, Inc.

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The $18M Series A will help the company further develop its proprietary returns recommerce technology solutions used by brands & retailers.

NEW YORK, Sept. 19, 2024 – Rebelstork, North America’s largest and most trusted baby gear returns recommerce marketplace, today announced a new round of investment that will help the company to build upon its innovative solution to the baby gear industry’s pressing returns crisis. Launched in 2020, Rebelstork’s proprietary technology diverts the largest assortment of overstock and retailer-returned baby gear away from landfills and into customers’ homes at a fraction of the retail price. The $18M Series A was led by Maveron Ventures with participation from Serena Ventures, Marcy Venture Partners, and existing seed investor Golden Ventures.

The rise of online shopping and the convenience of purchasing items without physically seeing them has led to a surge in returns across all retail verticals, costing the industry more than $800B annually and the baby gear industry, specifically, close to $16B annually. Rebelstork is the first company to effectively build the technology required to address the challenge of returns and overstocks, saving over 12 Million pounds of waste from landfills annually. Through the development of several proprietary technologies and processes, Rebelstork has emerged as the gold standard for baby gear returns recommerce. By giving each item a unique identifier and implementing a rigorous quality-check process dubbed the “Rebby Pinky Promise,” Rebelstork provides supply partners with a sustainable solution, addressing their challenges and concerns while creating a new revenue stream. This innovative approach ensures that only quality-approved returns are resold, diverting these products from landfills and promoting a circular economy.

To date, Rebelstork is partnered with more than 2,500 brands across 45 categories (including leading baby brands Million Dollar Baby, BabyBjörn, 4moms, and Ergobaby), as well as mass retailers, including Target to create new revenue streams and mitigate return costs using the Rebelstork technology and marketplace. The company has also seen significant traction among a new generation of shoppers who are driving the demand by opening their minds to quality-checked open-box (never used, simply returned) discounted goods. 

“We are seeing an exciting shift in the retail industry where global iconic brands and mass retailers are majorly stepping up to change the bad habits in their returns supply chain,” said Emily Hosie, Founder and CEO of Rebelstork. “At the same time, we’re seeing a new generation of shoppers embracing returns recommerce in a big way. Rebelstork has created the solution. Our innovative technology and marketplace was created to bridge the gap by offering a sustainable and cost-effective solution for both parents and brands.”

At a time when customers are becoming more price sensitive, Rebelstork’s REV™ pricing technology has become the AI market-maker in the price-reduced baby gear market by providing the real-time pricing strategy to optimize ROI. Additionally, Rebelstork’s unique deal batch technology system streamlines the returns recommerce process, providing full transparency and comprehensive insights for their partners into the handling of their products.

“As the returns crisis continues to escalate, finding sustainable solutions will be crucial for both businesses and consumers in the long run,” said Jason Stoffer, General Partner at Maveron. “Emily and the Rebelstork team invented a new market while creating impressive technology to do it effectively. They are proving to the retail industry that there is a solution that is better for our planet while also generating a new revenue stream for partners. Their innovative approach benefits savvy shoppers and contributes to a more environmentally conscious and socially responsible generation of consumers.”

Female-founded and proudly certified as a B-Corporation, Rebelstork was established to empower shoppers, brands, and retailers to participate actively in the circular economy. Rebelstork plans to use the Series A investment to launch new products, expand operations, and grow the team.

About Rebelstork:
Rebelstork is on a mission to make Parenting Lighter™, providing premium value for parents and creating a more sustainable world for the next generation. Founded in 2020, Rebelstork is the largest returns recommerce marketplace for baby gear in North America. Female-founded and a certified B-Corporation, Rebelstork was created to empower parents, brands, and retailers to safely and easily participate in the circular economy. Each item is quality-checked, and their proprietary technology ensures the largest assortment of open-box and overstock baby gear is diverted away from landfills and into customers’ homes at a fraction of the retail price. For more information, visit rebelstork.com or contact [email protected].

SOURCE Rebelstork

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Amy Schumer, Connie Britton, Brandi Chastain, Meena Harris, Sheryl Sandberg, Tekedra Mawakana, and Tory Burch among the bold name investors committed to Midi’s goal of closing the women’s healthcare gap

LOS ALTOS, Calif., Sept. 19, 2024 — Midi Health, the fastest-growing virtual care clinic for women 35+, today announced that a high-powered group of women leaders and icons spanning entertainment, professional sports, media, beauty and fashion, health and wellness, technology, and business have joined Midi’s oversubscribed $63M Series B round via a $5M Special Purpose Vehicle (SPV), formed and managed by Midi investor Operator Collective. SPV investors are joining other Series B investors including Emerson Collective, GV (Google Ventures), Memorial Hermann Health System, SemperVirens, Felicis, Icon Ventures, Black Angel Group, Gingerbread Capital, Ingeborg Investments, G9, and Operator Collective.

Nearly 30% of the female population in the United States is over 35, and 75 million women are currently perimenopausal, menopausal, or postmenopausal. While women generally live longer than men, they spend on average 25% more of their lives in poor health. This health disparity is even more pronounced for women of color and those from lower socioeconomic backgrounds. Midi is the leading digital health company focused on providing care for women in midlife and covered by insurance in all 50 states. More than 85% of women will experience symptoms that can negatively impact their quality of life and longevity, which can last more than a third of a woman’s life, beginning as early as mid-30s. Given 80% of OBGYNs have no meaningful training in this area and there is a general practitioner shortage in the US, the vast majority of women suffering do not receive any treatment for their symptoms. Midi is working to change that.

Midi investors understand the massive unmet needs in the $600 billion women’s health market today and the power of strong women leaders coming together to invest in companies that need to exist while also expanding wealth creation and generating financial returns. Among the new investors are leaders within their respective fields including actors/producers Amy Schumer, and Connie Britton, Phenomenal Media’s Meena Harris, soccer star Brandi Chastain, fashion designer/entrepreneur Tory Burch, investor and Angel City FC co-founder Kara Nortman, Sandberg Bernthal Venture Partners, the venture fund run by former Meta COO Sheryl Sandberg and her husband, Tom Bernthal, Waymo Co-CEO Tekedra Mawakana, PagerDuty CEO Jennifer Tejada, Stripe executive Claire Hughes Johnson, and Toast CFO Elena Gomez. Top executives from OpenAI, Atlassian, Databricks, Cloudflare, Google, Apple, Amazon, Meta, Life360, Calm, Universal Music Group, and Warner Media also joined the round. In total, 80 investors participated with individual check sizes ranging from $10K – $500K+. Reflecting Midi’s focus on this demographic and the importance of culturally responsive care, the investor group includes women aged 35 to 60+ and 40 percent people of color.

“As an early seed investor in Midi, we’ve been waiting for the right moment to spearhead this SPV,” said Mallun Yen, Founder and Managing Partner of Operator Collective. “We intentionally convened leaders across major industries that are outside the typical circles of venture capital. By design, it reflects our unique collective venture model in action. There’s power in investing beyond just a brand endorsement, and we’re proud to have created an access point that enables these leaders to be directly involved in Midi’s future growth.”

“This is truly an example of women investing in companies such as Midi that they want and believe need to exist in the world, putting their own money behind their belief in our goal of closing the care gap for perimenopause, menopause and beyond,” said Midi Health CEO and Co-Founder Joanna Strober. “It’s exciting to see women of such a wide array of fields and ages at the top of their game coming together to help build solutions in the marketplace that will effect change for other women.”

“Just like you, I have noticed a clear gap in companies that prioritize the needs of women and address the challenges they face when seeking healthcare. Midi is breaking new ground for women 35+ as their healthcare needs evolve,” said Amy Schumer. “The SPV investment opportunity was a unique way for leaders across different industries to come together to ensure women’s health remains at the forefront of innovation, rather than as an afterthought as it has for so long. It’s important to invest in companies that impact us personally and be a force for change for women everywhere.”

About Operator Collective
Launched in 2019, Operator Collective is the early-stage B2B venture fund and community backed by tech’s most exceptional operator LPs and top-tier institutions. OpCo’s proprietary Collective Venture Model® platform enables portfolio founders to efficiently tap into 200+ active senior operating executives to help build and scale their companies, reach potential enterprise customers, and connect with talent networks for potential executive or board member hires.

About Midi Health
Midi Health is the fastest growing virtual care clinic focused on women navigating midlife hormonal change and beyond. With treatment protocols created by world-class medical experts in perimenopause and menopause, delivered by clinicians trained in women’s midlife health, Midi Health provides patients with personalized care plans that include hormonal and non-hormonal medications, supplements, lifestyle coaching and more. All services are covered by insurance, and conveniently accessible through telehealth visits and 24/7 messaging. To learn more, visit www.joinmidi.com.

Media Contacts:
Aimee Grove for Midi Health
[email protected]; Ph: 415.706.1906

Caroline Caswell for Operator Collective
[email protected]

SOURCE Midi Health

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Matrix Partner TJ Parker, co-founder and CEO of PillPack, will join the board

SÃO PAULO, Sept. 19, 2024 — Mevo, a leading digital prescription platform in Brazil, today announced it has raised $19M USD ($110M BRL) in new venture funding. Mevo allows patients to easily access their prescriptions and purchase medications through a user-friendly mobile interface. The round was led by Matrix, with participation from Jefferson River Capital (former Blackstone President and current Costco chairman, Tony James’ family office). Mevo had raised a SAFE in December 2023 in preparation for its Series B, which has now been converted, and was anchored by current investor Floating Point, with the participation of other current investors, including IKJ Capital. Notable new investors include Elliot Cohen, former Amazon Pharmacy leader and PillPack cofounder. TJ Parker, Partner at Matrix Partners and fellow cofounder of PillPack (acquired by Amazon), will join Mevo’s board of directors.

Prior to Mevo’s launch, prescriptions in Brazil were entirely paper-based and the lack of digital integration contributed to unfilled prescriptions and poor outcomes. Mevo’s technology enables healthcare providers in Brazil to issue digital prescriptions which patients can then use to purchase prescriptions at any pharmacy of their choice, including at Mevo’s own pharmacy marketplace. Today, over 10 million patients have received at least one Mevo prescription and all Brazilian pharmacies (more than 80,000) accept and can process a Mevo prescription.

Once a customer has a Mevo e-prescription, they can buy medications with just three clicks and receive it via delivery in ~60 minutes from Mevo’s pharmacy partners or they can choose to buy them from their preferred pharmacy retailer. Mevo’s flexibility and ease of use are designed to improve patient experience and medication adherence. Mevo integrates with health information, electronic medical record, telemedicine and healthcare providers. Currently it has over 250 B2B partnerships with these providers in all 26 Brazilian states and Federal District in both public and private health sectors.

Mevo plans to use the funding to:

• Expand its network of healthcare provider partners
• Enhance its digital prescription and pharmacy marketplace platform
• Explore additional healthcare services beyond the fulfillment of prescriptions

“This investment will allow us to expand our network and introduce new product offerings that continue to improve the customer experience,” said Pedro Dias, CEO and co-founder of Mevo. “We’re focused on offering Brazilians a better way to access healthcare. Mevo is already serving millions and we see a path to everyone across the country managing their health needs from their mobile devices, with security and ease.

“From day one, the Mevo team has shown the vision and grit necessary to create a core piece of digital infrastructure for the entire Brazilian healthcare system,” said John Loser, co-founder and General Partner, Floating Point. “They’ve made extraordinary progress towards that goal, and with this new funding they are well-positioned to capture one of the few true winner-take-all opportunities in healthcare.”

“Mevo is addressing a critical need in the Brazilian healthcare market: modernizing and digitizing the way people access prescriptions,” said Parker. “I’m inspired by their focus on the customer experience and dedication to making it simple for people in Brazil to get the healthcare they need. We know first-hand that unlocking pharmacy is a strong foundation for exceptional healthcare experiences, and I’m looking forward to seeing what Pedro and the team can build from here.” 

About Mevo
Founded in 2017, Mevo was created to become the infrastructure for e-prescriptions in Brazil, addressing a critical need where over 150 million Brazilians are still holding a handwritten medical prescription. The company aims to simplify and improve the experience for:

• Patients – Mevo’s e-prescription also allows to search and order their drugs and exams prescribed, enabling better adherence to their treatment and care
• Healthcare professionals – Mevo’s clinical support tools reduce bureaucratic processes and error. One study showed that during one year of usage, doctors reported 33% fewer detrimental drug interactions.
• Healthcare providers – Mevo makes it possible to structuring relevant digital prescription data that was nonexistent within the paper-only reality. This helps hospitals and clinics better serve patients with real-time information and analysis.

About Matrix 
Matrix Partners is an early-stage venture capital firm, investing from idea through Series A. As a close-knit team of former founders and company builders, we’ve partnered with companies from Apple and FedEx to Oculus and Canva. We’re contrarians who invest with conviction, working with founders who have deep technical expertise and a specific vision of the future. matrix.vc

Media Contact:
Jacquelyn Miller
9783143146
[email protected]

SOURCE Mevo

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The Startup Partnered With The New York-Based Growth Equity Firm To Accelerate Growth And Strengthen Their Proactive Approach To Health Insurance. 

MEXICO CITY, Sept. 19, 2024 — Koltin, the first company in Mexico to offer private health insurance coverage to seniors, announced today the closing of a $7.3M Series A funding round led by Left Lane Capital. This latest round, which includes participation from previous investors, will fuel Koltin’s mission to improve the health and financial resilience of  aging Mexicans and their families.

Co-founders Eduardo Ortiz and Carmen Rosillo started the company after their grandparents were denied private health insurance due to their age. By bundling traditional insurance coverage and personalized, proactive care, Koltin is able to grant access to health insurance to this overlooked segment of the population for the first time.

Koltin has quickly established itself as the best – and at times only – alternative for older Mexicans looking for world-class care. After partnering with one of the largest insurance carriers in the country, members of Koltin have access to major medical health insurance coverage, dedicated team-based care, and tech-enabled personalized health aging plans. The company’s unique approach allows patients to interact with care teams virtually and via WhatsApp, with in-person support during annual check-ups and emergency hospitalizations.

“Koltin members are already experiencing better health outcomes. In fact, 3 in 5 customers say that their quality of life has improved thanks to Koltin and over 75% would feel ‘very disappointed’ if they couldn’t have access to Koltin anymore,” said Eduardo Ortiz, Founder and CEO of Koltin. “Partnering with Left Lane Capital is an incredible opportunity for us to reach more and more families in Mexico, while continuing to innovate on our technology-driven care model”. 

The Series A raise follows a year of rapid growth for Koltin, which underscores the strong demand for its services. Since their launch in 2022, the company has thousands of happy customers.

Rachel Schow, Vice President at Left Lane Capital, led the deal and will join Koltin’s board. “Eduardo and the Koltin team are the first to offer a comprehensive solution for seniors in Mexico, combining tailored care plans from a dedicated clinical team with personalized insurance coverage. Their proactive approach is not only addressing the needs of an underserved population, but also unlocking a significant opportunity to improve health outcomes and transform how seniors afford their care. We’re excited to support them as they lead this important shift.”

About Koltin

Koltin is the only company in Mexico dedicated to advancing the health of older adults and the financial resilience of their families. For the first time, people over 50 – the fastest growing age segment in the country – have access to private health insurance and proactive, personalized, and tech-enabled healthy aging support. For more information, please visit www.koltin.mx.

About Left Lane Capital

Left Lane Capital is a New York-based global venture capital and growth equity firm investing in high-growth internet and consumer technology companies. Left Lane’s mission is to partner with extraordinary entrepreneurs creating category-defining businesses fundamental to the human condition and spirit. Previous investments include Pets Table, GoStudent, Masterworks, M1 Finance, Talkiatry, Bilt, Wayflyer, Blank Street, and more. For more information, please visit www.leftlane.com.

SOURCE Koltin

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SAN FRANCISCO, Sept. 19, 2024 — Mercor announces a $30 million Series A at a $250M valuation. The round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers, Chris Re, and others. Victor Lazarte at Benchmark will be joining the board to continue supporting Mercor’s growth and development.

Mercor is an AI hiring platform that enables top tech companies and leading AI labs to hire experts across software engineering, law, chemistry, finance, and many other professions.

“We believe that every applicant deserves the opportunity to be interviewed when applying for jobs,” said Brendan Foody, Mercor’s co-founder and CEO. “The current hiring process selects candidates based on traditional resume signals, and not human ability. AI can do better.”

Co-founders Brendan Foody, Adarsh Hiremath, and Surya Midha met in high school in the Bay Area doing competitive debate, and began ideating on company-building as college freshmen at Georgetown and Harvard. In 2023, they dropped out and began building Mercor. Earlier this year, all three founders received the Thiel Fellowship.

Since their launch, they’ve added upwards of 300,000 people to their candidate pool and created thousands of jobs globally. The team uses AI models to better assess a candidate’s skill set and predict their ability to perform well in a given role.

To celebrate their recent progress and funding announcement, Mercor is offering free resume and interview feedback for everyone, a resource that has been traditionally unattainable or expensive for candidates.

To join the workforce and learn more about Mercor, visit work.mercor.com.

CONTACT: Khushi, [email protected]

SOURCE Mercor

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Carbon transformation company with initial sights set on decarbonizing commercial aviation scales operations including construction on a first-of-a-kind sustainable jet fuel facility in Washington state

BERKELEY, Calif., Sept. 19, 2024 — Twelve, the carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, today announced $645 million in funding. This raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and an additional $45 million in credit facilities from leading funders in the renewable energy sector marking this as one of the largest financing rounds to date in the e-fuels space.

The funding accelerates Twelve’s goals of defossilizing manufacturing processes, focusing first on emissions generated by aviation. This includes the completion of AirPlant™ One, Twelve’s inaugural sustainable aviation fuel (SAF) plant located in Moses Lake, Washington, which is expected to begin production in 2025. AirPlant One is the first of many facilities throughout the country to make E-Jet® fuel, using the company’s patented technology to produce SAF derived from biogenic CO2, water, and renewable energy sources which achieves lifecycle emissions up to 90% lower than conventional fossil jet fuel.

TPG Rise Climate has committed up to $400 million in project equity financing to support the development of future AirPlants, which will supply Twelve’s E-Jet fuel to customers like Alaska Airlines and International Aviation Group (IAG), parent company of British Airways. Launched in 2021, TPG Rise Climate is a $7.3 billion climate impact fund by alternative asset manager TPG’s global impact investing platform.

“We are drawn to companies and founders that have developed and proven unique solutions to complex problems. Twelve is a clear leader in CO2 conversion technology, which is a core part of the power-to-liquids technology stack and the process we believe represents the long-term, scalable solution for SAF production,” said Jonathan Garfinkel, Managing Partner at TPG Rise Climate.

“The energy transition will require a clean alternative to traditional jet fuel. SAF demand continues to grow, and we look forward to partnering with Twelve to build world class capabilities and facilities to meet that demand,” added Elizabeth Stone, Principal at TPG Rise Climate and a member of Twelve’s board of directors.

In addition to project equity financing, TPG is leading Twelve’s Series C round alongside Capricorn Investment Group and Pulse Fund. Twelve has raised approximately $200 million with Fifth Wall, northstar.vc, TGVP, Alaska Airlines’ investment arm Alaska Star Ventures, and existing investors, such as Series B lead investor DCVC, Munich Re Ventures, Emerson Collective, and others.

“Over the last several years we have appreciated getting to know the team at Twelve. Together we are building a multi-level partnership to expand supply, mature the market for SAF, and to soon use their E-Jet fuel in our operations,” said Diana Birkett Rakow, senior vice president of public affairs and sustainability at Alaska Airlines. “Twelve’s technology is promising in the pursuit of long-term scalable supply of SAF. In order to meet our company’s – and our industry’s – ambitious decarbonization goals, we need new technologies like the one Twelve has developed and commercialized. We are excited to be part of this round of forward-looking funders to make a more sustainable future for aviation possible.”

Most recently, Twelve also raised $45 million in total loans across two lenders. Clean energy investment firm Fundamental Renewables provided a $25 million construction loan, and multinational bank Sumitomo Mitsui Banking Corporation closed a $20 million green loan in support of Twelve’s carbon transformation technology.

“Our financing strategy has been to build a comprehensive capital stack that enables us to deliver product to customers at scale while continually driving down costs,” said Nicholas Flanders, Chief Executive Officer at Twelve. “We’re proud to work with visionary financing partners and collaborators who share our commitment to deploying first of a kind technologies that address climate change at scale.”

MEDIA CONTACT
[email protected]
‪(510) 863-4385

ABOUT TWELVE
Twelve is the carbon transformation company. We’re on a mission to eliminate global emissions and build a fossil-free future. Carbon transformation uses CO2 to displace fossil fuels as a feedstock. Learn more at www.twelve.co. To view the press kit, visit here.

SOURCE Twelve Benefit Corporation

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FALLS CHURCH, Va., Sept. 19, 2024 — Canopie, a prevention-focused maternal health company, has raised $3.7M with its Seed Round, co-led by Beta Boom and Aeroflow Health, a strategic partner. Additional investors include the Sorenson Institute, Luminary Impact Fund, Symphonic Capital, Techstars, and a family office. Funds will be used to expand personalized, virtual mental health care covered by insurance and address social drivers of health (SDoH) for moms across all levels of risk in the United States.

“I feel so proud. We have a lot of momentum to deepen our impact while expanding the services we provide,” Anne Wanlund, Founder and CEO of Canopie, said. “Our focus has been on prevention because it’s the right thing to do – most maternal mental health conditions, and maternal health complications, are preventable. And we are seeing progress around how these challenges are being prioritized and paid for by our healthcare partners.”

Canopie’s platform provides one-on-one behavioral health assessments, care management, on-demand programs, and clinician-led virtual classes. Canopie screens and engages expecting mothers early and provides insights to care partners in real time to improve health outcomes.

“Anne is a brilliant and empathetic leader who people want to follow,” Kimmy Paluch, Managing Partner at Beta Boom, commented. “They are drawn to her, not only for her vision, but because she cares deeply for her team and the patients that she is helping through Canopie.”

Canopie’s core on-demand therapeutic program was developed by perinatal clinical psychologists, physicians, researchers, and new moms and is underpinned by 7 meta-analyses and 50 randomized control trials.

In a recent case study with GuideWell, the parent company of Florida Blue, 89% of members engaged in Canopie’s core program, 100% of program completers reported improved mood, and 79% of surveyed members attributed Canopie to increased care-seeking behaviors. Black, Latina, and resource-constrained moms were the highest engagers and reported the most benefit.

“What drew me to Canopie was Anne’s passion to ‘bring joy to the journey’ and her ‘failure is not an option’ level of commitment in the pursuit of patient-centric solutions,” said President of Aeroflow and Canopie Board Member Scott Sonnone. “The synergies between our companies present a unique opportunity to genuinely impact maternal health on a population level and give me so much faith in Canopie’s ability to grow and succeed.”

For all press inquiries, contact Hannah Young at [email protected].

SOURCE Canopie

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NEW YORK, Sept. 18, 2024 — As Q4 fast approaches, NewCo Capital Group (“NewCo”) and Australia-based Bizcap are finalizing year-end initiatives to strategically position both companies for an ambitious expansion in 2025.

Both companies have celebrated a highly successful 2024, marked by remarkable and accelerated growth. This momentum has been driven by Bizcap’s unique Line of Credit product, NewCo’s introduction of their “Line of Capital” product and the launch of NewCo’s new mobile app. CEO Albert Gahfi emphasized the importance of closing 2024 on a high note to set the stage for future growth. “We’ve had an exceptional year so far, but our focus is on what comes next. We’re building the foundation for 2025 and beyond, ensuring that NewCo and Bizcap are positioned for continued global expansion.”

The plan for Q4 includes deepening their presence in existing markets while making calculated moves into new territories, including Singapore, Germany, and Luxembourg. “There are new opportunities in emerging markets that are currently underserved, where we believe we can make a significant impact. As a result, 2025 promises to be an exciting year for SMB financing globally.”

By reinforcing their operational and technological infrastructure, the companies are preparing to meet the demands of a rapidly evolving global financing landscape. “2024 has been a year of strong growth, but we’re not stopping here,” Gahfi said. “We are focused on delivering innovative financing solutions that not only meet the needs of today but also anticipate the demands of tomorrow. As we head into 2025, we’re ready to expand our reach and provide even more businesses with the capital they need.”

Part of a multinational collaboration, NewCo and Bizcap have successfully deployed over $1.5 billion to over 35,000 businesses worldwide. Gahfi commented, “We’re moving capital faster and more effectively than any other sector and our clients are benefiting from that growth.”

NewCo’s strength lies in its ability to adapt quickly, using a unique mix of proprietary technology, nuanced underwriting, and an experienced risk management team. The companies’ hybrid approach is challenging outdated financing models, making NewCo a preferred partner for SMBs looking for custom capital solutions that truly fit their needs.

“We’re not just growing; we’re leading,” Gahfi added. “As we expand globally, our goal remains the same—helping small businesses scale, create jobs, and thrive.”

With a clear strategy and a relentless focus on delivering value, NewCo Capital Group is primed to deepen its market influence and capitalize on emerging opportunities. As the company prepares for its next wave of market entries, Q4 will serve as a pivotal launchpad for an even more ambitious 2025, setting the stage for continued growth and global leadership.

For more information, visit www.NewCoCapitalGroup.com.

Contact:

NewCo Capital Group
Email: [email protected]
Website: www.NewCoCapitalGroup.com

SOURCE NewCo Capital Group