Former Confluent and Salesforce Executive Joins Experienced Business Leaders Validating Company’s AI-Driven Approach to Service Resolution

SAN JOSE, Calif., April 17, 2025 — Neuron7.ai, the leader in AI for service resolution intelligence, today announced the appointment of Genesys Chief Sales Officer (CSO) Larry Shurtz to its board of directors. Shurtz brings more than 25 years of experience building high-performing go-to-market and commercial organizations at leading technology companies, including Confluent, Salesforce and Oracle.

As CSO at Genesys, a global cloud leader in AI-Powered Experience Orchestration, Shurtz leads the company’s global go-to-market strategies, including commercial activities, field sales, the partner ecosystem and demand generation. Prior to Genesys, Shurtz was the Chief Revenue Officer at Confluent, where he grew revenue more than 60%. Previously Shurtz spent a decade at Salesforce, where he led a 1,300-person team to $2.1 billion in revenue.

“Larry’s background and strategic insight perfectly align with Neuron7’s mission,” said Neuron7.ai CEO Niken Patel. “His leadership, developed at some of the world’s most influential companies, will be instrumental in helping Neuron7 deliver breakthrough growth and exceptional customer outcomes.”

“Service organizations are under significant pressure to deliver growth and profits while staying ahead of rising customer expectations, necessitating new AI-driven approaches focused on helping people resolve issues,” said Shurtz. “I’ve been impressed with Neuron7’s ability to deliver significant value and impact for their customers and look forward to helping them execute on their vision for resolution intelligence.”

Shurtz joins Neuron7’s impressive list of advisors and investors, including Nexus Venture Partners, Battery Ventures, and Keith Block, former co-CEO of Salesforce whose Smith Point Capital led the company’s recent $55 million Series B funding round.

Neuron7 recently received the Service Council 2024 Global Service Innovation Award and counts several Fortune 1000 as customers. The company’s approach to AI-driven service transformation is improving service operations and delivering tangible business benefits. Companies leveraging Neuron7 are achieving 90+% AI resolution accuracy, 46% faster case resolution times and millions of dollars in service cost savings.

About Neuron7.ai
Neuron7 is the leader in Service Resolution Intelligence, helping customers achieve 90%+ resolution accuracy faster. By bringing together knowledge from thousands of people, vast data sources and interactions across your service environment, Neuron7 creates a Smart Resolution Hub. AI guides your teams through the best next steps with turn-by-turn guidance in your CRM, chat or other existing workflow. Customers resolve issues faster, the first time and get answers in seconds. Neuron7’s solutions are purpose-built for complex service environments, including medical devices, high tech and industrial equipment, providing a single system of intelligence across self-service, call centers, technical support, field service and engineering. Neuron7 is backed by Nexus Venture Partners, Battery Ventures, Smith Point Capital and ServiceNow Ventures. Learn more at neuron7.ai.

SOURCE Neuron7.ai

NEW YORK, April 17, 2025 — Book an Author, a tech-driven marketplace simplifying author discovery, event booking, book fairs, and bulk sales, has been chosen to participate in the 2025 Gold House Ventures Founder Fellowship In partnership with New York City Economic Development Corporation (NYCEDC). This highly selective program provides exceptional diverse-led startups with mentorship, funding opportunities, and strategic resources to accelerate growth. 

Book an Author is revolutionizing traditional publishing by making authentic storytelling more accessible. The platform empowers educators and event organizers with time-saving tools to bring authentic storytelling experiences to their communities while creating new revenue streams for authors and publishers.

“As someone with experience in both education and publishing, I’ve witnessed the challenges schools face connecting with authors and the difficulties writers encounter reaching audiences,” said Yobe Qiu, CEO and Co-Founder of Book an Author. “Through this fellowship with Gold House and NYCEDC, we’re gaining invaluable mentorship to address these pain points systemically.” 

Serena Li, COO and Co-Founder, added: “This fellowship arrives at a crucial growth stage for our company. Becoming a Gold House Ventures Founder Fellow connects us with a powerful community that shares our vision for democratizing access to diverse stories. Their support will help us scale responsibly while maintaining our commitment to equity in the literary world.” 

The Gold House Ventures Founder Fellowship is renowned for identifying and accelerating the most promising diverse-led startups. Book an Author’s selection recognizes its potential to reshape the literary landscape through technology. 

About Book an Author
Book an Author is a tech-powered marketplace that simplifies connecting with authors for school visits, speaking engagements, and bulk book purchases. To learn more, visit https://www.bookanauthor.com/

About Gold House Ventures
Gold House Ventures (GHV) invests in early stage Asian Pacific founded startups, which produced one-third of unicorns in the last two decades and one-half of IPOs in the last two years. GHV’s in-house accelerator has graduated 115+ startups that have raised $2b since 2020; placed 100+ multicultural board members and advisors at startups; and convened the world’s leading celebrities, creative franchises, and promotional opportunities to help its portfolio build and scale. To learn more, please visit https://goldhouse.org/founderfellowship/

SOURCE Book An Author

PENNINGTON, N.J. and QUÉBEC, April 16, 2025 — Zynext Ventures USA LLC (Zynext Ventures), the venture capital arm of Zydus Lifesciences (Zydus), today announced its investment in Feldan Therapeutics (Feldan), a Canada-based early clinical-stage pharmaceutical company pioneering the development of treatments based on intracellular delivery of therapeutics.

Feldan’s proprietary Shuttle peptide technology enables the efficient and targeted delivery of biomolecules into cells, unlocking new therapeutic possibilities. The company’s lead candidate, FLD-103, is administered directly into basal cell carcinoma (BCC) lesions, where the Shuttle peptide facilitates the delivery of a Hedgehog inhibitor to its target within BCC cells. This innovative approach aims to provide BCC patients with a non-surgical treatment option that improves outcomes and significantly enhances their quality of life. Additionally, Feldan is advancing a pulmonary program that leverages the Shuttle’s unique ability to transport biomolecules into hard-to-deliver lung cells to address the unmet and growing medical needs of patients with respiratory diseases.

Speaking on the development, Dr. Sharvil Patel, MD of Zydus Lifesciences, said, “At Zydus, we are committed towards advancing the development of novel therapeutics to addressing critical gaps in healthcare through innovation. We are pleased to support Feldan in exploring a potentially safe and targeted option for patients with dermatological and pulmonary disease and help them lead a better quality of life.”

Jay Kothari, Director of Zynext Ventures, highlighted, “Feldan’s platform has the potential to transform intracellular delivery and pioneer next-generation therapeutics, aligning with the disruptive innovations we aim to add to our portfolio.”

“This partnership with Zynext Ventures marks an exciting step forward in our commitment to improve patients’ quality of life and address critical drug delivery challenges,” said François-Thomas Michaud, CEO of Feldan Therapeutics. “With Zynext Ventures’ strategic expertise and shared dedication to innovation, we are well-positioned to accelerate the development of next-generation therapies.”

About Zynext Ventures

Zynext Ventures is the investment arm of Zydus Lifesciences. The venture capital firm focuses on identifying and investing in promising early-stage and growth-stage companies in the healthcare sector. Zynext Ventures provides financial support, strategic guidance, and industry expertise to its portfolio companies, helping them achieve their full potential and make a meaningful impact on the lives of patients.

For more details visit: www.zynextventures.com

LinkedIn:  Zynext Ventures
Twitter:  @ZynextVentures

About Zydus

Zydus Lifesciences Ltd. with an overarching purpose of empowering people with freedom to live healthier and more fulfilled lives, is an innovative, global lifesciences company that discovers, develops, manufactures, and markets a broad range of healthcare therapies. The group employs 27,000 people worldwide, including 1,400 scientists engaged in R & D, and is driven by its mission to unlock new possibilities in lifesciences through quality healthcare solutions that impact lives. The group aspires to transform lives through path-breaking discoveries. Over the last decade, Zydus has introduced several innovative, first-in-class products in the market for treating unmet healthcare needs with vaccines, therapeutics, biologicals and biosimilars. For more details visit: www.zyduslife.com.

About Feldan

Feldan is a clinical-stage pharmaceutical company specializing in the development of treatments based on the intracellular delivery of therapeutics.  Its proprietary peptide-based technology, the Feldan Shuttle, enables the safe and efficient delivery of antisense oligonucleotides into cells, unlocking the potential for a new generation of therapies. Feldan’s lead product for BCC (FLD-103) is in a Phase 1/2a clinical trial, and the company’s pipeline expansion is focused on skin and lung diseases.

For more details visit: www.feldan.com
LinkedIn: Feldan Therapeutics

Logo – https://mma.prnewswire.com/media/2442038/Zynext_Ventures_Logo.jpg

SOURCE Zydus Lifesciences Ltd

Series A funding will expand how they support institutional resilience and financial clarity for students.

NEW YORK, April 16, 2025 — At a time when colleges and universities are navigating historic financial pressure and growing regulatory uncertainty, Meadow helps institutions modernize how they communicate costs, collect tuition, and support students through every stage of their financial journey. With their college and university partner list growing rapidly in the last year, their platform now includes three integrated solutions that improve institutional financial health and simplify the student financial experience from application through graduation.

“Higher education is at an inflection point,” said Alfredo I. Brillembourg, CEO and co-founder of Meadow. “Colleges must clearly communicate costs, offer flexible payment options, and reliably collect tuition — or risk losing trust, enrollment, and revenue. Meadow is here to help them do that with clarity and compassion.”

Today, 59% of students consider dropping out due to financial stress. Meadow believes it can reverse this trend by partnering with institutions to improve price transparency and modernize the entire student financial experience. By giving students a clear understanding of what they’ll pay and providing tools to manage tuition over time, Meadow helps them to stop stressing about finances and instead plan for the future. Its platform includes:

• Meadow Price: An advanced Net Price Calculator that delivers personalized estimates of the true cost of college after aid. The tool has delivered nearly 1 million estimates to students, revealing an average cost that’s 40%+ less than the sticker price.
• Meadow Pay: A mobile-first, integrated billing and payments solution that combines personalized communications, clear digital bills, and flexible payment plans — increasing on-time payments, improving the financial experience for families, and increasing cash flow for institutions.
• Meadow Pre: A student accounts receivable solution that helps schools recover past-due balances through scalable, personalized outreach and no-barrier payments, reducing reliance on collections and supporting re-enrollment.

Meadow now partners with over 170 colleges and universities of all sizes across the U.S., including Gonzaga University, UC San Diego, University of Wisconsin-Madison, and Penn State.

“Meadow helps us improve the student experience and maintain institutional financial health,” said Ryan Thoroman, Bursar at Salt Lake Community College. “We view them not just as a technology provider, but as a strategic partner.”

As tuition and fees remain the primary revenue source for most institutions, Student Financial Services offices are being asked to manage increasingly complex funding models — often with caseloads of over 1,000 students per staff member. Meanwhile, students face a fragmented system that often leads to confusion, stress, and stop-outs.

“The student financial experience is one of the most overlooked and broken systems in higher ed,” said Matt Brown, Partner at Matrix Partners. “With over $500 billion spent annually on tuition and education-related expenses, it’s astonishing how confusing the process remains and yet it drives institutional financial health. Meadow’s rapid growth shows just how urgent the need is for better solutions.”

Meadow is building a new standard for student financial services — one that improves enrollment, retention, and payment outcomes while helping institutions operate more sustainably.

“This funding helps us address higher education’s most pressing financial challenges more effectively and pursue our core mission of strengthening economic mobility through higher education,” said Amy Jenkins, COO and co-founder. “Through our partnerships, we are helping more students see a college degree as an attainable achievement and keeping them enrolled. We are laying the foundation to become the trusted financial platform students rely on throughout college and beyond.”

The $14 million Series A will fuel the expansion of their student financial services platform for colleges and universities. Led by Matrix Partners, with participation from existing backers including Susa Ventures, Giant Ventures, Treble Capital, and GoGlobal Ventures, this round brings Meadow’s total funding to over $20M.     

About Meadow

Meadow powers modern student financial services for universities that clarify and simplify the financial experience for students to improve economic mobility in the US through higher education.

At a time when consumer-friendly, digital-first experiences are more critical than ever in higher education, Meadow is solving many of the fundamental problems that lead to poor student financial experiences and administrative waste — radically transforming the higher education financial experience for everyone. Meadow’s mission is to empower students financially and improve economic mobility through higher education. Through Meadow, universities and their students manage the end-to-end financial experience together, from application to graduation.

The company was founded in 2021 by recent graduates from Columbia University as well as second-time founders who have worked at AmEx, Klarna, Outschool and Amazon.

www.meadowfi.com

SOURCE Meadow

Bringing revolutionary comprehensive emergency response platform to schools across the U.S. 

VAN ALSTYNE, Texas, April 16, 2025 — O’Leary Ventures, Kevin “Mr. Wonderful” O’Leary’s investment firm, announced that it has invested in Go To Green, a revolutionary directional evacuation system that uses sensors and overhead lighting to quickly get people away from an active shooter, environmental event or weather threat.

“Security for public spaces is critical and there is a huge unmet need,” said Kevin O’Leary, Chairman of O’Leary Ventures. “We are looking forward to helping the company expand sales nationwide.”

Go To Green’s founder, Ernie Williams, is a decorated Marine veteran who has taken his real-world combat experience and applied it to elite product design and engineering to create, according to Williams, “a predictable pathway to safety in unpredictable disastrous situations to save as many lives as possible.”

“Understanding the diverse nature of threats,” said Williams, “from active shooters to natural disasters, we envisioned a color-coded system that will provide instant clarity in the face of danger.”

The system also leads first responders directly to the threat via cameras, a “Respond to Red” lighting system and special communication software.

“Our vision is for this system to be placed in every school, military installation, federal building, even outdoor sporting and entertainment events,” added Williams. “We want to be anywhere and everywhere there’s a potential threat.” 

Schools in Amarillo, Tex., are currently being outfitted with the technology. Fifty-seven schools are set up for installation, with six schools currently in progress.

“We are in the process of developing the pathways to safety in Amarillo,” said Williams. “Collectively, we’ve installed over 1,050 sensors so far in the Amarillo school district.”

Financing is also being provided by private equity firm, Acorn Capital Management, which will also add strategic support to Go To Green.

For more information about Go To Green, view the media kit here.

About O’Leary Ventures

O’Leary Ventures is a generalist venture capital investment platform with a diverse track record of investing across many sectors and is always looking for the next big opportunity. As an investor for over three decades and as a host of two hit TV series, “Shark Tank” and “Dragon’s Den,” O’Leary has invested in many early-stage companies across virtually every sector. The firm’s investment into Go To Green was made via the Wonder Fund North Dakota, a $45M North Dakota Department of Commerce investment program directed by O’Leary Ventures.

About Go To Green

Headquartered in Van Alstyne, Texas, Go To Green is a revolutionary directional evacuation system that uses sensors and overhead lighting to quickly get people away from an active shooter, environmental event or weather threat. To learn more about Go To Green, visit https://go2green.com.

About Acorn Capital Management 

Acorn Capital Management is a middle-market private equity firm focused exclusively on Aerospace, Defense, Space, and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the Aerospace and Defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders.

SOURCE Go To Green

With over $300 million in funding, Auradine is driving scalable, sustainable and innovative infrastructure, including industry-leading Bitcoin mining and AI data center networking solutions.

SILICON VALLEY, Calif., April 16, 2025 — Auradine, Inc., a leader in breakthrough, energy-efficient solutions for blockchain and AI infrastructure, today announced closing of an additional $153 million in connection with its Series C funding round. The oversubscribed round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers and other existing investors.

This latest round brings Auradine’s total capital raised to over $300 million, positioning the company to expand its product portfolio and accelerate its mission to deliver scalable, sustainable and innovative infrastructure for the AI and blockchain era. Concurrent with the Series C close, Auradine is announcing the formation of a new business group, AuraLinks AI, focused on open-standards based networking solutions to address the rapidly increasing bandwidth and cooling requirements of next-generation AI data centers. The AuraLinks AI team draws on decades of experience from companies such as Palo Alto Networks, Cisco, Juniper, Marvell, Broadcom, Google, and Microsoft, with a proven track record of delivering market-leading products that have generated multi-billion-dollar revenues.

Since its founding in 2022, Auradine has emerged as a disruptor in blockchain and AI infrastructure, driven by innovation and execution. Key achievements include:

• Commercial delivery of its Teraflux™ 3nm Bitcoin miners, featuring advanced cooling solutions now deployed by over 40 leading Bitcoin data center operators.
• A rapidly expanding order pipeline, signaling strong demand for Auradine’s high-performance, energy-efficient blockchain solutions.
• Introduction of a high-speed, low-latency networking platform that enhances performance, reduces bottlenecks and maximizes GPU efficiency.
• Recognition by the Global Semiconductor Alliance as a “Start-Up to Watch” for 2025.
• Strategic contributions to the Ultra Accelerator Link (UAL) and Ultra Ethernet Link consortiums, helping shape future industry standards.
• Appointment of semiconductor industry veteran Lip-Bu Tan to Auradine’s Board of Directors.

Executive and Investor Perspectives

“Both Bitcoin and AI convert energy into economic value and require highly energy-efficient, scalable and flexible infrastructure solutions,” said Rajiv Khemani, co-founder and CEO of Auradine. “Since day one, Auradine has focused on open standards, sustainability, and innovation velocity. Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will reshape computing and energy utilization for decades to come. This funding round enables us to scale that vision with greater speed and impact.”

“We’re thrilled to partner with Auradine, a company with a world-class team that has demonstrated outstanding execution across product development and go-to-market,” said Andy Jones, Senior Managing Director at StepStone Group. “We’ve been impressed by their visionary roadmap across silicon, cooling, and system-level solutions for AI and blockchain— what we believe to be two of the most transformative trends of our time.”

“Auradine has assembled a world-class engineering organization across semiconductors, security, and systems infrastructure,” said Andrew Homan, Managing Partner of Maverick Silicon. “We are thrilled to join their mission to build more energy-efficient silicon and to onshore the development of critical technology infrastructure to the United States.”

“At Qualcomm Ventures, we are excited to invest in companies that are shaping the future of data centers and AI,” said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc. and Global Head of Qualcomm Ventures. “Auradine’s approach is not only innovative but foundational to the evolution of Gen AI networking fabrics. We’re excited to support their continued growth as they push the boundaries of high-performance infrastructure.”

“AI and Crypto represent long-term secular growth trends that will define the next generation of computing infrastructure,” said Sandesh Patnam, Managing Partner at Premji Invest. “Auradine combines a unique mix of talent, technology, and vision required to become a category leader delivering lasting value to the global infrastructure stack. We’re excited to join their journey.”

About Auradine
Auradine, Inc. is a leader in blockchain and AI infrastructure solutions. The company provides groundbreaking software, hardware, and cloud offerings to enable scalable and sustainable solutions. Founded in 2022 by a team of seasoned entrepreneurs and technologists, Auradine boasts deep expertise and a proven track record in semiconductors and systems. Auradine is committed to innovation and excellence and is headquartered in Silicon Valley, California. For more information, visit www.auradine.com.

SOURCE Auradine

New investment in home state adds ~18K more locations to fiber network

CHARLOTTE, N.C., April 16, 2025 — Brightspeed, the nation’s third-largest fiber broadband builder dedicated to delivering ultrafast, reliable internet, has been awarded $31.2 million by its home state of North Carolina to expand its cutting-edge Brightspeed Fiber Internet network. Brightspeed will match these Completing Access to Broadband (CAB) program funds with more than $13 million of its own investment to reach more than 18,000 additional locations in Beaufort, Caldwell, Carteret, Caswell, Cumberland, Dare, Edgecombe, Greene, Hyde, Jones, Nash, Onslow, Pamlico, Pasquotank, Pitt, Sampson, Tyrrell, Vance, Wake and Wilson Counties.

“Brightspeed Fiber Internet is already available to more than 430,000 North Carolina families and businesses, and we’re expanding access every day,” said Steve Brewer, Brightspeed’s regional director of government affairs. “Earlier this year, we launched our fiber network in Wake Forest, just as we did in Rocky Mount and Asheboro in 2024—communities that previously lacked reliable connectivity. With these additional funds, we can now bring high-speed service to even more underserved areas.”

The N.C. Department of Information Technology’s (NCDIT) Division of Broadband and Digital Equity CAB program funds, together with the Growing Rural Economies with Access to Technology (GREAT) grants awarded to Brightspeed, provide approximately $218.6 million in funding to help connect nearly 99,000 North Carolina households and businesses across 41 counties to its blazing fast network. Between these grants, and the company’s own investment, Brightspeed is all-in on bringing its fiber-enabled network to nearly 899,000 locations in its home state.

“In today’s fast-paced digital world, both families and businesses rely on high-speed internet to stay competitive and succeed,” said Pamela Sherwood, Vice President of Brightspeed Broadband. “Expanding access to faster, more affordable, reliable and user-friendly internet has never been more crucial—whether for work, education, telemedicine, entertainment, or simply connecting with family and friends. These grant and subsidy programs are essential to help us provide the services families and businesses need to thrive.”

Brightspeed, recognized as the Fastest Internet Service Provider in the nation in the 2025 Annual Internet Service Provider Review by HighSpeedInternet.com, continues to actively pursue additional state and federal funding, including BEAD Program funds, to further expand its fiber network and help close the state’s digital divide. To date, the company has secured more than $270 million in local, state, and federal broadband grants and funding, including its first Broadband Equity Access and Deployment (BEAD) program award from Louisiana. These investments will enable Brightspeed to extend its planned network build by nearly 139,000 locations across 14 states, with more expansions on the horizon.

About Brightspeed
Headquartered in Charlotte, N.C. and with assets and associated operations in 20 states, Brightspeed provides broadband and telecommunications services through a network platform capable of serving more than 7.3 million homes and businesses. Our 4,000 employees are committed to building a future where more communities benefit from a more connected life, deploying a state-of-the-art fiber network and a customer experience that makes being connected as simple as it should be. For more information, please visit www.brightspeed.com.

SOURCE Brightspeed

Private asset-based finance (“ABF”) specialist exceeds $1 billion target for opportunistic fund

NEW YORK, April 16, 2025 — Crayhill Capital Management LP, a $3 billion alternative asset management firm specializing in asset-based finance, today announced the close of Crayhill Principal Strategies Fund III (“Fund III”) with approximately $1.31 billion of capital commitments, including $162 million of committed co-investment capacity, exceeding its $1 billion target. 

The oversubscribed flagship Fund III attracted a diversified base of institutional investors, including large public and corporate pension plans, insurance companies, endowments and foundations, and multi-family offices, demonstrating robust institutional appetite for the firm’s differentiated private credit strategies.  

“We are grateful for the overwhelming support we received from existing investors and strong demand from new limited partners,” said Josh Eaton, Co-Founder of Crayhill. “We look forward to working with all of our valued investors as we utilize our specialized capabilities to help them achieve their investment goals.”

The partner-owned firm offers an alternative to traditional private corporate lending funds, given that its ABF strategy focuses on assets with intrinsic value that can be monetized independently of a borrower’s overall performance. This provides an additional layer of protection for investors. Fund III will leverage Crayhill’s comprehensive ABF platform and risk management infrastructure to capitalize on the rapidly expanding opportunity in private asset-based investments. Demand for private debt has been driven by the regulatory and liquidity burdens of traditional lenders and borrowers’ continued need to invest and expand in a rapidly evolving global economy. Carlos Mendez, Co-Founder of Crayhill, added, “As the current market uncertainty constrains liquidity and drives up base rates and credit spreads, our ready capital provides counterparties certainty of execution for financing assets that justify a premium.”

Fund III focuses on providing capital solutions to specialty finance platforms and other asset-heavy companies across sectors including residential housing, energy, commercial real estate, media, and digital infrastructure. Fund III will target highly-structured investments backed by segregated, cash flowing assets such as loans, leases, royalties, receivables, and power purchase agreements, with a priority on achieving downside protection and a resilient expected return profile. To date, Fund III has deployed over 75% of its available capital to a diverse portfolio of investments.

About Crayhill Capital Management

Crayhill Capital Management is a $3 billion, SEC-registered independent investment adviser specializing in asset-based finance. Since its founding in 2015, the firm has deployed over $4 billion across more than 50 transactions. Crayhill is focused on scalable, opportunistic asset-based investments, enabling its investors to benefit from a firm with a singular, deep focus on this specialized market. For more information please visit https://crayhill.com.

Media contact:

Josh Clarkson / Jake Forrestal
Prosek Partners
[email protected] 

SOURCE Crayhill Capital Management

Led by Viola FinTech, Blue Onion will use this capital to broaden their reach to continue to deliver fully reconciled, transaction-level data that’s accurate, auditable, and ready for automation. 

NEW YORK, April 16, 2025 — Blue Onion, the subledger trusted by leading retail and ecommerce brands like Supergoop!, BarkBox, and a.k.a brands today announces their $10M Series A funding led by Viola FinTech. This round brings the company’s total funding to $17.6M and includes participation from existing investors Y Combinator, Entrée Capital, Green Visor, and Vinyl Capital.

Blue Onion is the only subledger designed to provide retailers with accurate financial data, optimizing operations and automating accounting workflows. Our AI-powered reconciliation algorithms seamlessly match orders, payments, and cash receipts—helping businesses save time, minimize errors, and simplify financial management.

Traditional ERPs and even modern automation tools often come with expensive setups and unreliable connectors, forcing users to manually verify data accuracy. Blue Onion eliminates this challenge by focusing on clean, reliable data, enabling true automation and saving customers hundreds of thousands of dollars in the process.

Blue Onion was founded in 2020 by co-founders and CEO Lyndsey Bunting, CTO Charley McMillian, and Chief Data Scientist Manav Malhotra. As VP of Finance at Birchbox, Bunting witnessed firsthand the costly, complex, and time-consuming challenges accounting teams encountered just to obtain clean and accurate financial data.

With this funding Blue Onion will launch new AI-driven features to expand integrations, support more financial accounts, enhance customization, and refine automation for precise and effortless bookings. Additionally, they’re investing in building a strong community through strategic partnerships, events, and customer education. Each of these initiatives is focused on automating workflows and ensuring accurate financial data across a wider range of accounts.

“We believe that there’s a better way to process financial data. The Blue Onion platform integrates with your order systems, payment processors, and your bank accounts to fully automate the reconciliation process. In the legacy ERP world and for most accounting software, ensuring clean financial data was the responsibility of the customer, requiring expensive and faulty data connectors, time-consuming reconciliations and manual adjustments. Blue Onion takes on this responsibility, providing finance teams with an automated, accurate financial data source from the outset–eliminating the need to choose between speed and accuracy,” explains Lyndsey Bunting, CEO and co-founder of Blue Onion.

“As the world rapidly shifts toward a new era powered by generative AI, the foundation of this transformation lies in having a single source of truth—reliable, accurate data. Blue Onion’s subledger empowers companies to run their operations seamlessly, ensuring precision and efficiency in every process. With this solid data infrastructure, businesses can fully harness cutting-edge AI technologies to drive innovation and accelerate growth. We are proud to partner with the Blue Onion team—Lyndsey’s extensive experience leading financial teams in e-commerce has given her an unparalleled understanding of the problem, positioning her and the team perfectly to deliver an impactful solution,” says Noam Inbar, Partner at Viola FinTech.

Visit www.blueonion.ai to learn more and to request a demo of the platform.

Media contact:

Courtney Nugent
508-932-3303
[email protected]
Head of Demand Marketing at Blue Onion

About Blue Onion
Blue Onion disrupts the status quo of processing financial data for leading consumer brands. The Blue Onion subledger enables companies like Supergoop!, BarkBox, and a.k.a. brands to close their books daily–not monthly–with guaranteed accuracy. Blue Onion is the only platform that leverages powerful AI to automate the reconciliation process from each transaction all the way to the bank. The Blue Onion subledger validates data from the source, providing a foundation of financial truth to make smarter business decisions–faster. Learn more and see a demo of the platform at blueonion.ai.

Founded in 2020, Blue Onion is led by co-founder and CEO Lyndsey Bunting, former VP of Finance at Birchbox who experienced the pain of manual reconciliation processes and inaccurate financial data throughout her career. Blue Onion is backed by leading investors including Y Combinator, Joe Saunders, former Chairman and CEO of Visa, and Viola FinTech. 

SOURCE Blue Onion