BUCHAREST, Romania, Feb. 11, 2025 — Morphosis Capital Partners BV, a growth capital fund, announces the launch of Morphosis Capital Fund II, its second investment fund, with a committed capital of over 100 million euros. This is double the size of its first fund commitment, previously around 50 million euros. This new fund aims to support the growth of SMEs in Romania and the region, in key sectors such as healthcare, B2B services, consumer products and retail, and niche manufacturing.

“Building on the success of our first fund, which saw us make six strategic acquisitions in high-growth sectors, the launch of our second fund represents a pivotal step in our growth strategy. With double the size, Morphosis Capital Fund II equips us with the resources needed to further support entrepreneurial companies across Romania and the region. By driving both organic growth and M&A strategies, we will help companies scale rapidly, enabling their full potential, driving the long-term development of the entrepreneurial ecosystem throughout Central and Eastern Europe. The success of our first fund, which generated an IRR of over 30% through one full exit and two partial exits, sets a solid foundation for Fund II. As our first fund matures, we are confident in identifying further profitable exit opportunities that will strengthen our position as a trusted partner to both our portfolio companies and investors, while continuing our mission of identifying and partnering with innovative businesses through Fund II,” said Andrei Gemeneanu, Managing Partner at Morphosis Capital.

Through its second fund, Morphosis Capital aims to make 9-10 investments, each with an investment ticket ranging from 10-15 million euros. For comparison, its first fund realized 6 investments with ticket size range between 5-10 million euros. Fund II’s strategy will primarily focus on companies in Romania, but it will also target other countries in the region, such as Bulgaria, Croatia, Czechia, Poland, Slovakia, and Slovenia. The fund will target companies with an EBITDA between 1-5 million euros, prioritizing majority stake acquisitions, either independently or alongside co-investors. This is the first time that Morphosis Capital pursues a regional expansion strategy, Fund I having solely targeted investments in Romania. Additional recruitment efforts were made to enact this new strategy with an increase in team size from 8 to 12 members in 2024. The nearly doubled fund size and ticket size from Fund I to Fund II reflect the solid performance of Fund I, which has significantly increased investor commitments and confidence, further establishing the fund manager as a leading player in the sector.

In selecting portfolio companies, Morphosis Capital targets businesses operating in growing markets, within fragmented industries, with scaling potential through organic growth or buy & build strategies. The fund also prioritizes companies with strong financial performance, robust organizational culture, and prospects for mergers and acquisitions, offering exit opportunities for investors.

Morphosis Capital Fund II has already made two investments, the first being in Mark Twain International School (MTIS), the first private educational institution in Romania with a dual curriculum. The second investment was recently closed with Supermarket La Cocos, a local retailer, in December 2024.

Morphosis Capital Partners BV is co-financed through the National Recovery and Resilience Plan and the InvestEU Fund of the European Union via an initiative managed by the European Investment Fund to support investment funds. The EIF, which served as the anchor investor in Morphosis Capital’s first fund, continues to play a pivotal role in fostering the growth of SMEs in Romania and the wider region. In addition to EIF’s backing, Morphosis Capital has attracted capital from the European Bank for Reconstruction and Development and commitment from the International Finance Corporation. This makes Morphosis Capital the first private equity fund with a majority focus on Romania to secure capital from all three major international finance institutions.

The fund has also gained the trust of local and international family offices, such as Belgian-based Vybros Capital Partners and Inspire Asset Management, further diversifying its investor base.

This operation is funded by the European Union – NextGenerationEU with the financial backing of the Government of Romania under the Romania Recovery Equity Fund and benefits from the support of the European Union under the InvestEU Fund.

Photo – https://mma.prnewswire.com/media/2615374/Morphosis_Capital_Fund_II_launch.jpg

MOUNTAIN VIEW, Calif. and RIYADH, Saudi Arabia, Feb. 10, 2025 — Silicon Valley AI pioneer Groq has secured a $1.5 billion commitment from the Kingdom of Saudi Arabia (KSA) for expanded delivery of its advanced LPU-based AI inference infrastructure. Announced at LEAP 2025, this major agreement advances the Kingdom’s position as a global leader in AI computing infrastructure while meeting rapidly growing regional demand.

This agreement follows the operational excellence Groq demonstrated in building the region’s largest inference cluster in December 2024. Brought online in just eight days, the rapid installation established a critical AI hub to serve surging compute demand globally. 

From its state-of-the-art data center in Dammam, Saudi Arabia, Groq is now delivering market-leading AI inference capabilities to customers worldwide through GroqCloud™. At LEAP 2025, Jonathan Ross, CEO and Founder of Groq, alongside Tareq Almin and Ahmad O. Al-Khowaiter, Chief Technology Officer of Saudi Aramco, demonstrated reasoning LLMs, a KSA-created model Allam, and text to speech models in English and Arabic running live.

The $1.5 billion commitment towards Groq AI infrastructure represents a defining moment for both Groq and the Kingdom to deliver on the Vision 2030 goal of an AI-powered economy in Saudi Arabia.

“It’s an honor for Groq to be supporting the Kingdom’s 2030 vision,” said Jonathan Ross, CEO and Founder of Groq. “We are excited to work alongside Saudi innovators to shape the next chapter of AI.”

Learn more about how Groq is changing the AI industry at groq.com and if you’re interested in access to GroqCloud, learn more here.

About Groq

Groq builds fast AI inference technology. GroqCloud™ delivers exceptional AI compute speed, quality, and energy efficiency for enterprises and developers with its LPU™ AI inference technology. Groq, headquartered in Silicon Valley, provides cloud and on-prem solutions at scale for AI applications. The LPU and related systems are designed, fabricated, and assembled in North America. Build fast with Groq at groq.com.

Media Contact

[email protected] 

SOURCE Groq

New Funding Led by Peak XV Surge with Participation from Dallas Venture Capital, Dreamit Ventures, Z5 Capital and Uncorrelated Ventures will Accelerate Global Market Expansion and Product Development

SAN JOSE, Calif., Feb. 10, 2025 — Nirmata, a leader in cloud-native security policy automation and governance solutions, today announced a $9.6 million funding round led by Peak XV Surge (formerly Sequoia Capital India & SEA), with participation from Dallas Venture Capital, Dreamit Ventures and existing investors Z5 Capital and Uncorrelated Ventures. Following unprecedented customer growth, Nirmata plans to expand its presence, scale its go-to-market and accelerate product development to serve as the de-facto hub of security automation, governance, and compliance for all applications and the underlying IT infrastructure from code to cloud.

As cloud-native and new AI-driven applications grow at over 30% CAGR, the demand for Kubernetes and container technologies only continues to rise, prompting businesses to build platform engineering teams. Often, this transformation is hindered by legacy security solutions, compliance requirements, and the increasing complexity and cost of cloud environments. Additionally, the proliferation of AI-generated code is transforming software development by automating tasks and generating complex code, but comes at the expense of creating security challenges across cloud applications and infrastructure as code.

Nirmata’s Policy-as-Code solutions such as Nirmata Control Hub empower customers to automate security across complex cloud environments and enable security and platform teams to operate at greater scale and speed. Using advancements in AI technologies, Nirmata Control Hub automatically generates, tests, and enforces policies and remediates critical issues leading to increased productivity for platform engineering teams, while enabling them to keep pace with AI-driven innovation.

As a result, Nirmata has seen unparalleled growth as enterprises around the world adopt its solutions, as evidenced by:

• 10X increase in annual revenues for policy and governance products in 2024
• Nirmata named a CNCF Top 20 contributor for 2024
• Kyverno, the open source policy engine for Kubernetes created by Nirmata, surpassed 3.2 billion downloads and ranks as a top CNCF project
• Kyverno is trusted by leading organizations like LinkedIn, Deutsche Telekom and Wayfair

“The security of our software is at a pivotal moment as the increasing complexity of cloud-native environments are overwhelming security and platform teams, leading to burnout and stifled innovation. By automating security in delivery pipelines, organizations can maintain governance at speeds that prevent breaches before they even happen,” said Saqib Syed, Nirmata Board Member. “We see the strength of Nirmata and the Kyverno community and are impressed by the business growth and product vision. Nirmata’s policy-as-code approach is an essential requirement to set new standards beyond legacy solutions towards resource, cost optimization and compliance. Customers have seen significant reduction in their application and cloud vulnerabilities by shifting security down and automation of policy as code using Nirmata Control Hub.”

“Nirmata is well-positioned to address the growing need for robust security and governance in the rapidly evolving cloud-native ecosystem,” said Jim Bugwadia, Co-Founder and CEO of Nirmata. “This funding highlights the strong market demand for our solutions and empowers us to scale our operations, helping more organizations strengthen the security and efficiency of their cloud-native environments.” 

Nirmata is actively broadening its business footprint, with a presence in the US and India. The company’s market impact has been recognized by several prestigious industry accolades, including being recognized by Intellyx as a Digital Innovator, and the Cybersecurity Excellence Awards for open-source security, policy and user management and security automation.

Click here to learn more about Nirmata and the future for security automation and governance.

About Nirmata

Nirmata is a leading provider of cloud-native policy and governance solutions, empowering enterprises to innovate securely at scale. Powered by Kyverno, a popular open-source Kubernetes policy engine with over 3.2 billion downloads, Nirmata enables real-time policy enforcement across multi-cloud and hybrid infrastructures, ensuring secure and compliant operations at scale. For more information, visit www.nirmata.com or follow Nirmata on GitHub, X, and LinkedIn.

SOURCE Nirmata, Inc

The partnership signals tailwinds behind the circular economy, enhancing capital deployment to circular supply chains and waste reduction solutions.

NEW YORK, Feb. 10, 2025 — Closed Loop Partners today announced that mission-aligned investor, Capricorn Investment Group (“Capricorn”) made a growth investment in its asset management business, Closed Loop Capital Management. Capricorn joins existing shareholders, JS Capital, Schusterman Family Investments and majority owner, Closed Loop Partners Founder & CEO, Ron Gonen. The investment strengthens Closed Loop Capital Management’s position as a leading private investment firm dedicated to accelerating the transition to a circular economy across private equity, venture capital and catalytic private credit strategies.

Closed Loop Partners was founded in 2014 to accelerate the transition to a circular economy. The firm’s three businesses include its investment group, Closed Loop Capital Management, led by Tazia Smith; its innovation center, the Center for the Circular Economy, led by Kate Daly; and Circular Services, one of the largest private recycling and circular economy services providers in the U.S., led by Jessica Long.

The original investors in Closed Loop Partners’ funds are many of the world’s largest global corporations. Today, Closed Loop Capital Management manages capital on behalf of corporations, financial institutions, foundation endowments and family offices. Over the past decade, it has made 85 investments in emerging circular solutions across plastics & packaging, food & agriculture, electronics, the built environment, textiles & apparel and more. Its portfolio has kept over 6 million tons of materials out of landfills, maintaining their circulation in domestic supply chains, and avoided over 17.5 million metric tons of greenhouse gas emissions to date.

Capricorn’s strategic investment into Closed Loop Capital Management marks a significant milestone and market signal for scaling the circular economy, which drives security of natural resources and optimization of supply chains through waste mitigation, from product design to advanced remanufacturing. The partnership is grounded in Closed Loop Partners’ and Capricorn’s shared view of the critical need and opportunity for private investment firms with deep expertise in building solutions enabling a more sustainable and resilient global economy. Capricorn’s investment will provide growth capital to enhance Closed Loop Capital Management’s infrastructure and resources as the investment firm continues to execute, and drive value and positive impact on behalf of its corporate, institutional and family office partners.

One of the earliest and most respected climate-focused investment firms in the world, Capricorn manages $12 billion in assets for investors who strive for extraordinary investment results by leveraging market forces to accelerate large-scale environmental and social impact. The investment in Closed Loop Capital Management is part of Capricorn’s continued efforts to provide long-term capital to support the growth of leading asset management firms in the sustainability and climate space.

“Closed Loop Partners has built an impressive platform dedicated to the circular economy. Through its investment group, Closed Loop Capital Management, the team has considerable expertise building and profitably investing in businesses which advance environmental and economic resiliency. We believe their exceptional leadership and strong existing partnerships will provide an excellent foundation for scaling mission-aligned investment strategies which will continue to align capitalism with environmental and social impact,” said Capricorn Partner, William Orum. “We are excited to partner with Closed Loop Partners and look forward to working with their team as they further expand the asset management business over the coming years.”

“Capricorn Investment Group’s partnership with Closed Loop Capital Management signals continued, market-driven tailwinds behind the circular economy. We are proud to join forces with a leading investor driving sustainable change,” said Tazia Smith, Managing Partner and CEO of Closed Loop Capital Management. “Together, we are positioned to expand our proven ability to identify and scale innovations, business models and infrastructure that perpetuate circularity with resilient profitability and net-positive social and environmental outcomes.”

“Capricorn Investment Group is one of the original leaders in sustainable investing. They have built an impressive track record investing in leading fund managers who produce strong financial returns with tangible impact,” said Ron Gonen, Founder & CEO of Closed Loop Partners. “Capricorn’s partnership with Closed Loop Capital Management demonstrates the proven value and investment opportunity in the transition towards a waste-free world.” 

Dentons was legal counsel to Closed Loop Partners. Sidley LLP served as legal advisor to Capricorn SIF.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy. The firm is comprised of three key businesses that create a platform for systems change. Closed Loop Capital Management is the firm’s investment group, managing venture capital, lower mid-market buyout private equity and catalytic private credit investment strategies on behalf of global corporations, financial institutions and family offices. To date, Closed Loop Capital Management has made 85 investments ranging from emerging innovations to established businesses.

Closed Loop Builders is the firm’s operating group, incubating, building and scaling circular economy infrastructure and services. The Center for the Circular Economy is the firm’s innovation center, uniting organizations to tackle complex material challenges and implementing systemic change that advances the circular economy. Closed Loop Partners is based in New York City and is a registered B Corp. Learn more at www.closedlooppartners.com. 

About Capricorn Investment Group

Capricorn Investment Group is a leading mission-aligned investment firm managing $12 billion for families, foundations, and institutional investors. Capricorn leverages over 20 years of sustainable investing experience to deliver comprehensive Outsourced CIO services and innovative fund solutions to its global client base. Their Sustainable Investors Fund (SIF) is a private equity partnership whose investment objective is to create significant value through GP strategic capital investments in asset managers which incorporate sustainability as a key driver of investment returns.

The firm was born from a belief that sustainable investment practices can enhance risk-adjusted returns. Underlying this investment approach is a deep desire to demonstrate the huge investment potential that resides in breakthrough commercial solutions to the world’s most pressing problems. More information is available at www.capricornllc.com 

SOURCE Closed Loop Partners

Network AIOps leader paves way for strong growth and market leadership in 2025

SANTA CLARA, Calif., Feb. 10, 2025 — Selector, an industry leading platform for managing multi-domain network and application infrastructure, is reporting a doubling of its Annual Recurring Revenue (ARR) for the third consecutive year—a 398% growth rate—and client Net Revenue Retention of 170%.

Selector is an industry leading platform designed to generate real-time, actionable insights for managing multi-domain network and application infrastructure. The company’s customized AI solutions leverage machine learning to monitor, detect and safeguard organizational networks against downtime, operational issues and revenue disruption.

“2024 was a transformative year for Selector as we continued to deepen our technological leadership, expand our global footprint, and drive unprecedented growth,” said Kannan Kothandaraman, CEO of Selector. “Our Series-B funding and strategic international expansion will continue to fuel our significant growth while meeting the evolving needs of enterprises worldwide. Thanks to our success in 2024, we’ve effectively set the stage for another breakthrough year in 2025.”

The company’s technology is being deployed by some of the largest telecommunications and enterprise companies and is seeing increased adoption by new large-scale customers. During 2024, the company expanded its Fortune 500 customer base, adding marquee clients across critical industries including healthcare, financial services, retail, and telecommunications. These strategic expansions underscore Selector’s ability to deliver transformative operational intelligence solutions across diverse and complex enterprise environments.

Funding News

Selector closed a $33M Series-B funding round in the second half of 2024, led by Ansa Capital.The round was led by Ansa Capital, a New York City-based venture capital firm that invests in enterprise software companies, other new investors in the round were AT&T Ventures, Bell Ventures, Singtel Innov8, and Hyperlink Ventures. They were joined by existing investors Two Bear Capital, Atlantic Bridge, and Sinewave Ventures. The new investment brings Selector’s total funding to more than $66 million.

Innovation Highlights

Key innovation initiatives for Selector in 2024 included:

• Network Language Model (NLM): The industry’s first NLM helps operations teams talk to their networks with a simple natural language interface to make faster, data-driven decisions. It gleans network insights from emails, maintenance logs, and other sources and presents actionable resolutions for operators. This minimizes false alarms, improves alert accuracy, and reduces manual work.
• Enhanced Digital Twin Technology: IT teams can predict network behavior through “What-If” scenarios to improve risk management and resolve problems faster across all network layers. IT teams can now foresee failures before they happen, enabling efficient decision-making without interfering with the real network and reducing risks to their infrastructure.
• Programmable Synthetics Sensors: These advanced sensors give real-time visibility into application performance and availability and seamlessly connect this data with network infrastructure. By proactively finding and fixing application performance issues before they impact end-users, organizations can protect revenue and ensure a smooth user experience.

Industry Recognition

In 2024, Selector continued to be recognized by industry analysts and publications, winning numerous awards and recognition. Selector was named in nine Gartner® Hype Cycle reports, which can be found in our press release earlier this year. Gartner’s recognition validates Selector’s leadership in AI-driven event intelligence and AIOps solutions. Additionally, Selector was featured in the 2024 Futuriom 50 Cloud Market Trend Report, further solidifying its position as a leading innovator in AIOps and observability. Selector was also recognized as a winner of the Bay Area Best Places to Work, an awards program presented by the San Francisco Business Times and the Silicon Valley Business Journal.

Channel Growth and Market Expansion

To support rapid growth, Selector strengthened its go-to-market strategy with key initiatives, including the expansion of its partner program under new channel leadership. The firm also achieved a remarkable 175% year-over-year growth in channel transactions. Additionally, Selector became part of the Google Cloud Network observability partner ecosystem, offering joint customers comprehensive visibility across cloud and hybrid networks.

The company is expanding in Asia with the opening of its first international office in Japan, demonstrating a commitment to supporting technological innovation in one of the world’s most advanced markets. With these milestones, Selector is poised to continue its growth trajectory in 2025 through continued market expansion, product innovation, and strategic partnerships.

About Selector

Selector is an AIOps solution that gives the world’s largest companies complete visibility and intelligence into their highly complex networks, infrastructure, and applications. Leading telecommunications companies, cloud service providers (CSPs), and enterprises across industries use the company’s technology to ensure their networks are up, operating, and generating revenue. It achieves this by eliminating the 90% of repair time teams spend manually identifying the origins of incidents and outages. Selector’s AI engine interfaces directly with its industry-first network large language model (NLM) to sort through enormous volumes of data autonomously, making troubleshooting instantaneous. Now, for the first time ever, network teams can have real-time conversations in human language with all their data across warehouses and tooling to fix issues exponentially faster.

Selector’s AIOps and Event Intelligence solution has been recognized by Gartner in multiple Hype Cycle reports. Founded in 2019, Selector is backed by Two Bear Capital, Atlantic Bridge Ventures, Sinewave Ventures, Ansa Capital, Singtel Innov8, Hyperlink Ventures, AT&T Ventures, Bell Ventures, Comcast Ventures, and others.

Media Contact:
Stephen Ochs
Sr. Director of Marketing
[email protected]
978-886-4712

SOURCE Selector

HUNTINGTON, N.Y., Feb. 10, 2025 — Sen-Jam Pharmaceutical, a pioneering biotech company dedicated to innovative anti-inflammatory solutions, is pleased to announce its engagement with Destum Partners, a leading advisory firm specializing in biopharma transactions. This strategic collaboration will focus on securing licensing, co-development, and potential M&A opportunities for Sen-Jam’s two lead assets, SJP-001 (Overindulgence of Food and Alcohol) and SJP-002C (COVID-19/Upper Respiratory Infections).

Strategic Growth Through Partnerships

This engagement with Destum Partners aligns with Sen-Jam’s mission to bring groundbreaking treatments to market while maximizing shareholder value. Key objectives of the collaboration include:

• Identifying and securing strategic licensing and co-development partners to accelerate commercialization.
• Leveraging Destum Partners’ extensive industry network across Big Pharma, mid-sized biotech, and consumer health companies.
• Exploring potential M&A transactions to enhance company growth and investor returns.
• Executing a structured transaction process, including outreach, due diligence, valuation modeling, term-sheet negotiations, and deal closure.

Investor Benefits: Fractional Royalty Rights (FRR) on SJP-001

A critical component of this initiative is its direct impact on Sen-Jam’s Fractional Royalty Right (FRR) program. Investors participating in the FRR program stand to benefit from licensing revenue generated by SJP-001. A successful licensing agreement would initiate royalty-based revenue streams, with the first investor royalty distributions targeted within 6-12 months post-licensing. This structured approach ensures tangible financial benefits for FRR holders, tying investment success to Sen-Jam’s commercial achievements.

Why Destum Partners?

Destum Partners brings an impressive track record of over $5.0 billion in completed transactions and 80+ years of combined experience in pharmaceutical and healthcare deal-making. Their expertise in valuation modeling, strategic advisory services, and transaction execution will be instrumental in securing optimal partnerships for SJP-001 and SJP-002C.

“We are thrilled to be partnering with Sen-Jam Pharmaceutical at such a pivotal moment in their journey,” said Matt Vanderberg, Managing Director & Partner at Destum Partners. “Their innovative approach to inflammation management has the potential to redefine patient care, and we look forward to leveraging our expertise to secure the right partners to bring these groundbreaking therapeutics to market.“

Next Steps & Strategic Milestones

Destum Partners has already initiated a formal transaction process, beginning with the completion of the Market Analysis and Valuation for SJP-001 and SJP-002C in 2024. Key upcoming milestones include:

• BIO-Europe Spring – March 2025 (Milan)
• BIO International – June 2025 (Boston)
• BIO-Europe Fall – November 2025 (Vienna)

These events, coupled with Destum Partners’ extensive industry network, provide vital opportunities for discussions, due diligence, and negotiations with potential strategic partners.

Maximizing Investor Value & Commercial Impact

This partnership underscores Sen-Jam’s commitment to delivering long-term shareholder value by advancing SJP-001 and SJP-002C toward commercialization through strategic collaborations. By engaging Destum Partners, Sen-Jam is accelerating its path to market, unlocking new revenue opportunities, and positioning itself as a leader in the next generation of anti-inflammatory therapeutics.

Sen-Jam Pharmaceutical will continue to update stakeholders as discussions progress, milestones are achieved, and pivotal licensing opportunities materialize. With each strategic step, the company solidifies its trajectory toward market success and capital return to investors.

“We are ecstatic to see our therapeutics moving closer to commercialization, and to create significant value for our investors and the broader healthcare community,” said Jim Iversen, Co-Founder/CEO at Sen-Jam Pharmaceutical.

About Sen-Jam Pharmaceutical

Sen-Jam Pharmaceutical is committed to revolutionizing inflammation treatment with its Pleiotropic Anti-Inflammatory Remedies (PAIR) technology, targeting mast cell modulation for superior patient outcomes. Sen-Jam delivers precision therapies that work in harmony with the body’s immune system to mitigate systemic risks associated with chronic inflammation while supporting long-term health and vitality. Sen-Jam aims to disrupt traditional approaches to inflammation management and redefine pharmaceutical care. To learn more visit wefunder.com/senjam.

About Destum Partners

Destum Partners is a premier life sciences advisory firm specializing in M&A, licensing, and strategic partnerships. With extensive expertise in biopharma deal-making, Destum Partners supports companies in achieving transformative growth through strategic transactions.

CONTACT INFORMATION:

Sen-Jam Pharmaceutical

Christine Leonard

781-913-1902

SOURCE Sen-Jam Pharmaceutical

TORONTO, Feb. 10, 2025  — Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company’s commitment to driving innovation and delivering customer value.

Continuing to operate under the name Thomson Reuters Ventures, Fund 2 will focus on early-stage technology companies across Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.

Thomson Reuters Ventures will continue to invest in companies shaping the future of professional work, aligning emerging technologies with the company’s mission to bring its customers products that empower informed decisions and efficient workflows.

Doubling Down on Innovation

“Thomson Reuters Ventures is a pivotal component of the company’s ‘Build, Partner, Buy’ strategy. Fund 2 underscores our commitment to maintaining a leadership position by investing in innovative companies that align with our strategic focus,” said Tamara Steffens, Managing Director, Thomson Reuters Ventures. “Through this larger fund, we’re expanding our ability to identify and support companies at the forefront of change.”

Thomson Reuters Ventures has already made 23 investments through its first fund. Notable successes include the investment in Materia, an agentic AI company later acquired by Thomson Reuters to enhance its AI capabilities for tax, audit, and accounting professionals.

Strategic Focus Areas

Fund 2 will target Series A investments, with flexibility to explore earlier and later-stage opportunities. The Thomson Reuters Ventures investment approach will continue to be one of financial discipline, focusing on companies developing technologies that address the most pressing challenges faced by professionals today, including realizing the transformative potential of Gen AI.

“Our investment strategy goes beyond financial returns,” said Steffens. “We’re committed to fostering innovation guided by the needs of our customers and the broader professional markets we serve. By collaborating with visionary founders, we can help scale transformative solutions while reinforcing our leadership in professional technology.”

Supporting Visionary Founders

“Thomson Reuters Ventures and their investment in Truewind has been instrumental in our growth,” said Alex Lee, CEO of Truewind. “Their thoughtful partnership and expertise helped us develop a strategic relationship with the Thomson Reuters tax and accounting software team, accelerating our ability to deliver value to customers.”

For more information about Thomson Reuters Ventures, please visit https://www.trventures.com/

Thomson Reuters

Thomson Reuters (TSX/NYSE: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.

Contacts

Kent Carter
[email protected]

SOURCE Thomson Reuters

The restaurant industry is undergoing a fundamental transformation, driven by evolving customer behaviors and digital engagement channels including online ordering systems and delivery services. Boostly addresses this shift by providing an SMS marketing platform that leverages behavioral-based marketing and gamified texting experiences, delivering engagement rates 10x higher than standard text marketing offers. With a patent-pending process that aggregates restaurant customer data and accelerates SMS subscriber opt-in 5x faster than traditional solutions, Boostly is redefining how restaurants connect with their customers.

Boostly currently serves over 1,200 restaurant locations across the U.S. and Canada, demonstrating the rapid adoption and the effectiveness of its platform. Founded by restaurant-tech veterans Shane and Mikey Murphy, who previously built and sold an online ordering company and led a restaurant operations software firm, Boostly is driven by a deep understanding of restaurateurs’ needs and challenges.

“Restaurant owners are among the hardest working individuals in our country, managing operations while actively working alongside their staff everyday,” said Shane Murphy, Co-Founder and CEO of Boostly. “They need a marketing system that operates on autopilot, provides clear ROI, and makes their life simple. We’ve gamified the SMS marketing experience in order to produce exponentially more engagement and revenue than traditional marketing options available to restaurant owners. Our success is directly tied to our customers’ success, and our platform is designed to provide rocket fuel that helps them grow.”

Restaurants accumulate vast amounts of valuable customer data through daily operations, yet many struggle to leverage it effectively. Boostly’s platform transforms this untapped resource into actionable insights, enabling restaurants to drive repeat business and enhance customer loyalty. By integrating first-party data from multiple sources, Boostly builds fully compliant, opted-in audiences, empowering restaurant owners with automated, intelligent marketing campaigns that generate millions in incremental revenue and thousands of real-time customer reviews.

Boostly’s dedication to restaurant owners extends beyond technology. The company delivers an intuitive, elegantly designed platform supported by transparent reporting, revenue attribution, and white-glove customer service, ensuring measurable impact while allowing restaurateurs to focus on running their businesses.

Matt Melymuka, Co-Founder and Managing Partner at PeakSpan Capital, who will join Boostly’s board of directors, emphasized the company’s significance in the evolving marketing landscape: “With increasing privacy regulations limiting traditional digital advertising, first-party data has become a critical asset. Most restaurants sit on a goldmine of customer data but lack the tools to harness it effectively. Boostly provides a fully compliant, automated solution to transform this data into revenue-driving engagement. Shane and Mikey exemplify the type of entrepreneurs we seek—visionary, capital-efficient, and dedicated to solving a massive market need. We are thrilled to partner with Boostly in this next phase of growth.”

About Boostly

Founded in 2017 by Shane and Mikey Murphy, Boostly is the leading SMS marketing platform for restaurants, utilizing behavioral-based marketing and gamified experiences to drive customer engagement and revenue. With a suite of solutions, including automated SMS campaigns, automated phone assistants, and real-time feedback monitoring, Boostly helps restaurants build lasting customer relationships. Headquartered in Lehi, Utah, Boostly’s team is committed to empowering restaurants with cutting-edge marketing solutions. For more information, visit www.boostly.com.

About PeakSpan Capital

PeakSpan Capital is a growth equity firm with over $1.5 billion in assets under management, based in New York City and San Mateo. Specializing in high-growth software businesses, PeakSpan partners with entrepreneurs to drive resilient, risk-adjusted value creation. With a deep focus on select market themes and a proprietary technology platform, PeakSpan delivers strategic insights to support founders in scaling their businesses. To learn more, visit www.peakspancapital.com.

Media Contacts
Ryan Roberts
[email protected]
(800) 720-7738

Shane Murphy
(800) 720-7738

SOURCE Boostly

Partnership to accelerate expansion and help fuel Greyson’s journey to becoming a leader in the premium performance apparel market

DETROIT, Feb. 7, 2025 — Detroit-based company Greyson Clothiers, a leading premium performance apparel brand at the forefront of sport, announces the successful completion of a $20 Million Series A strategic growth capital raise.

This funding round was led by NewBound Ventures and Chris Koch, CEO of NewEra, with participation from Tom Nolan, CEO of Kendra Scott and David Chu, Founder of Nautica, as well as ongoing support from existing investors. Mr. Nolan and Mr. Chu will be joining the board of directors as will Michael Hoffman of NewBound. In prior investment rounds, the Company has strategically expanded its community with participation from brand supporters including Justin Timberlake, Larry Fitzgerald, Dylan Larkin, Eric Church, and various PGA tour players including Justin Thomas. The consortium of like-minded individuals will prove to be powerful both tactically and strategically in the next phase for Greyson.

The new capital will enable Greyson to scale its operations further across international expansion, brick-and-mortar retail stores, direct-to-consumer (DTC) channels, and wholesale partnerships. Greyson has expanded its retail presence into several communities inclusive of Denver, West Palm Beach, New York, New Orleans and Atlanta. Additionally, with the recent entrance into womenswear, Greyson’s growth is poised to surpass expectations, propelling the brand into everyday lifestyle. Greyson continues to carve out its unique positions, blending performance-based apparel with sophisticated luxury design to meet the needs of modern lifestyles.

“The opportunity to have these amazing individuals join our community (Pack) is beyond a dream. I have had the great fortune to develop strong friendships with all these inspiring and driven people. Our stories are now shared with the same motivation: to build a Pack based of loyalty, passion and the motivation to create,” states Charlie Schaefer, founder and CEO.

NewBound Ventures founder and managing partner Michael Hoffman expressed confidence in the brand’s potential, stating, “We are excited to support Greyson as it continues to innovate and lead the market in premium performance lifestyle apparel. We are consistently impressed with their ability to create clear go-to-market strategies based off storytelling and specialized products.”

This raise also underscores the commitment of Greyson’s existing investors, who participated in the round to demonstrate their continued belief in the company’s vision and growth strategy. “Our Pack is at the core of who we are, from our roots in Detroit to our earliest believers and for this, I am humbled,” says Charlie.

Since inception nine years ago, Greyson has experienced rapid growth surpassing over 2,500 points of distribution. The brand’s loyal community, combined with innovative products, has positioned it as a leader in premium performance apparel.

About Greyson Clothiers

Greyson creates premium lifestyle apparel inspired by sport and the active daily routine – an integration of golf, racquet, fitness, and everyday essentials with an elevated perspective and refined sophistication. As a values-based business, Greyson has evolved into a community, built on the values of creativity, loyalty, and camaraderie.

Founded in 2015, Greyson delivers elevated everyday pieces that are designed with top technical properties to effortlessly transition through daily routines. With 13 years of design experience at Ralph Lauren, specifically in design and sport, founder Charlie Schaefer set out to build products that create the perfect juxtaposition of sport and luxury.

Greyson is available across multiple countries around the globe through a network of retail locations, e-commerce, and strategic partnerships with key national and regional retailers.

About NewBound Ventures

NewBound Ventures invests in category-defining consumer brands across passion-driven sectors including sports and apparel. NewBound focuses on partnering with founder-led companies that have cultivated enthusiastic and dedicated consumer communities around their brands. By leveraging its extensive network of entrepreneurs and operators, NewBound helps its portfolio companies scale profitably and establish themselves as industry leaders.

Chris Koch is the fourth-generation CEO of New Era Cap. New Era Cap, the owner of the New Era and ’47 brands, is the world’s leading headwear brand across sports, fashion, music, and entertainment, with a global footprint that spans over 110 countries with 42,000 points of distribution. Chris brings a wealth of experience in global operations, licensing, distribution, and brand development.

Media Contacts:
Dane Muller
VP Marketing
[email protected]

Nicole Kaldes
[email protected]
646-249-0713

SOURCE Greyson Clothiers