Monthly Archives: May 2025

Persist AI Launches Cloud Lab to Accelerate Pharmaceutical Formulation Development, Raises $12M Series A Funding

AI-driven robotics platform reduces drug formulation development time from years to months

SACRAMENTO, Calif., May 19, 2025 — Persist AI, a pioneer in AI-driven robotics for pharmaceutical formulation development and Chemistry, Manufacturing, and Controls (CMC), today announced the launch of its innovative Cloud Lab platform following the successful closure of an oversubscribed $12 million Series A financing round. The new platform allows pharmaceutical companies to develop formulations using Persist AI’s state-of-the-art robotic laboratory facilities through a website, dramatically accelerating drug development timelines while using a fraction of the materials required by traditional methods.

The funding round was led by Spero Ventures with participation from MBX Capital, Shimadzu Future Innovation Fund managed by Global Brain Corporation, Eli Lilly & Company, SignalFire, Ford Street Capital, Purdue Ventures, Good AI Capital, Cartography Capital, Asymmetry Ventures, and existing investors 2048 Ventures, Innospark, and YCombinator.

“Every drug that reaches the market depends on an optimal formulation. While the industry has heavily invested in AI and predictive tools across the drug development pipeline, formulation has remained a blind spot—until now.” said Sara Eshelman, General Partner at Spero Ventures. “Persist dramatically reduces both the time and cost at every stage of development, ultimately lowering the hurdle for investment in next-generation therapeutics like long-acting injectables.”

Predict the ideal formulation with Persist’s AI models

Persist AI’s technology enables pharmaceutical companies to predict formulation recipes and performance using sophisticated AI models and subsequently build and test them using robotic systems. In a recent project with a major pharmaceutical client, Persist AI demonstrated the power of its platform by identifying an optimal long-acting injectable formulation in just two months—a process that traditionally takes a year or longer. By rapidly building and testing 700 formulations in two months, compared to the industry standard of 10-15 formulations per month, Persist AI accelerates a critical phase in bringing new drugs to market.

“AI is enabling pharma to discover new molecules faster than ever. But a molecule that has poor shelf life cannot become a drug product that sits on a shelf. Our mission is to convert these novel molecules into products, such as tablets and injections that patients can use,” said Karthik Raman, CEO of Persist. “If you can find a new drug molecule, you can predict its formulation and use our robotic platform to build and test it in the real world.”

Persist Cloud Lab – A Robotic Lab to Build and Test Formulations Remotely

Once the AI models predict a set of formulations, Persist’s Cloud Lab enables pharmaceutical scientists to test the formulation by remotely controlling the robotic lab. With a combination of miniaturization and seamless automation of formulation testing instruments, Persist’s technology leads to an unprecedented speed advantage in drug development.

Traditional testing instruments often require large volumes of liquid and significant amounts of formulation material per test. As an example, a standard dissolution testing apparatus requires 1000 mL of liquid and several grams of formulation. In contrast, Persist’s miniaturized systems can deliver results with just 1 mL of liquid and a few milligrams of material. This breakthrough not only conserves valuable drugs but also enables higher throughput testing.

“Persist AI has assembled a talented chemistry, engineering, and software team that develops exceptional automated solutions for formulation development workflows,” said Chris Shelner, COO of Persist. “We continue to improve our automation in addition to expanding capacity and workflow scope.”

Through the newly launched Cloud Lab, pharmaceutical companies worldwide can now remotely build and test formulations on Persist’s advanced robotic facilities to develop:

  • Long acting injectables
  • Tablets and capsules
  • Topical formulations for cosmetics and pharmaceuticals
  • Injectable formulations

The platform supports a wide range of modalities including peptides, small molecules, antibodies, and anti-sense oligonucleotides, currently serving multiple top 10 pharmaceutical clients and several smaller biotechs developing next-generation treatments for chronic diseases.

Series A Funding to Accelerate Growth and Innovation

The $12 million in Series A funding will support several key initiatives. Persist will build a GMP manufacturing system for long acting injectables, in collaboration with Nivagen Pharmaceuticals in Sacramento, CA. Funds will be used to expand the robotic lab and build comprehensive data sets that train the company’s AI models. Additionally, the team will expand the capacity and range of formulations the AI models and robotic lab can predict, build, and test.

Persist is actively seeking pharmaceutical partners for co-development of drug products, robotic platforms, and AI training data sets.

To learn more about Persist AI’s Cloud Lab platform and request access, visit https://www.persist-ai.com. Pharmaceutical companies interested in partnership opportunities are encouraged to contact Karthik Raman via his email below or through the website.

About Persist AI

Persist AI is revolutionizing pharmaceutical development through AI-driven robotics for formulation development and CMC. By combining predictive AI models with automated robotic systems, Persist AI enables pharmaceutical companies to develop drug formulations in a fraction of the time and cost of traditional approaches. The company works across multiple modalities and formulation types to accelerate bringing novel therapeutics to patients. Persist AI is a Y Combinator-backed company, having graduated from the prestigious startup accelerator in 2023.

About the Leadership Team

Karthik Raman, CEO and Co-founder of Persist, brings extensive expertise in formulation development. Prior to founding Persist, Raman was part of the automation team at Zymergen, developing the next generation robotic factory for synthetic biology. Co-founder Christopher Shelner serves as Chief Operating Officer, with significant expertise in automation design, operations, and deployment from his work at industry leaders including Northrop Grumman and Apple.

SOURCE Persist AI Formulations

J.P. Morgan Life Sciences Private Capital Welcomes Dashyant Dhanak, Ph.D. as Venture Partner

NEW YORK, May 19, 2025J.P. Morgan Life Sciences Private Capital, the life sciences venture and growth equity arm within J.P. Morgan Asset Management, today announced the appointment of Dashyant (Dash) Dhanak, Ph.D., as Venture Partner. Dr. Dhanak will leverage his deep scientific and operational experience in therapeutics research and development to build and grow companies with Life Sciences Private Capital.

Dr. Dhanak is a seasoned pharmaceutical research and development expert with over 30 years of experience. Most recently, Dr. Dhanak was the Chief Scientific Officer at Deciphera Pharmaceuticals, which was acquired by Ono Pharmaceuticals in 2024. Prior to his role at Deciphera, Dr. Dhanak served as Chief Scientific Officer at Incyte, where he was responsible for overseeing the research and preclinical development of innovative medicines across the company’s hematology, oncology, and immunology franchises. During his tenure at Incyte, he contributed significantly to the filing of over fifteen Investigational New Drug (IND) applications. Before joining Incyte in 2018, Dr. Dhanak was Vice President and Global Head of Discovery Sciences at Johnson & Johnson’s (J&J) Janssen Research & Development group. Prior to J&J, he spent 25 years at GlaxoSmithKline.

“Dr. Dhanak has a proven track record of building and establishing leading biotech companies with scientific and operational excellence,” said Dr. Stephen Squinto, CIO of Life Sciences Private Capital. “We are excited to welcome Dr. Dhanak to the team, and know he will play an essential role as our platform continues to grow.”

Biography

Dashyant Dhanak, Ph.D., was most recently Chief Scientific Officer at Deciphera Pharmaceuticals, a company focused on developing innovative medicines for cancer treatment, until its successful sale to Ono Pharmaceuticals in 2024 for $2.4 billion. Prior to Deciphera, Dr. Dhanak served as Chief Scientific Officer at Incyte, where he oversaw the research and preclinical  development of groundbreaking medicines across hematology, oncology, and immunology franchises. Under his leadership, Incyte filed over fifteen Investigational New Drug (IND) applications, contributing to the company’s robust pipeline of innovative therapies. Before joining Incyte in 2018, Dr. Dhanak was Vice President and Global Head of Discovery Sciences at Johnson & Johnson’s Janssen Research & Development group where he led efforts in drug discovery and development. He also spent 25 years at GlaxoSmithKline, culminating in his role as Vice President and Head of the Cancer Epigenetics Discovery Performance Unit where he advanced research in cancer treatments. Dr. Dhanak holds a B.Sc. in Chemistry from the University of Manchester Institute of Science and Technology and a Ph.D. from the University of London. He completed his postdoctoral research in Natural Product Synthesis at Northwestern University.

About J.P. Morgan Life Sciences Private Capital

J.P. Morgan Life Sciences Private Capital (“LSPC”), is the life sciences platform of J.P. Morgan Private Capital, the investment arm for private companies across the capital structure with a focus on venture and growth investing within J.P. Morgan Asset Management. LSPC partners with leading early-stage biotherapeutics and late-stage healthcare companies. The early stage biotechnology practice is focused on company creation, Seed and Series A investments across all therapeutic areas in biotechnology. The late-stage healthcare practice is focused on Series B through pre-IPO investments within biotechnology, medical devices, tools, diagnostics, healthcare technology and pharmaceutical services.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $3.7 trillion (as of 3/31/2025), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders’ equity (as of 3/31/2025). The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

SOURCE J.P. Morgan Asset Management

Theo Ai Secures $4.2MM Seed Round to Advance AI-Powered Settlement Prediction for Big Law

Maturing with strategic leadership – bolsters Board and C-Suite with additions of tech vets

PALO ALTO, Calif., May 19, 2025Theo Ai, the AI-driven prediction platform for litigation, has raised a $4.2 million seed round just six months after its $2.2 million pre-seed announcement in November. The round was co-led by returning investor NextView Ventures and new investor Collide Capital. As part of the investment, Aaron Samuels, Founder and Managing Partner at Collide Capital, will join Theo Ai’s board. The funds will be used to expand proprietary data pipelines, enhance legal corpus, and reinforce supervised learning with legal experts.

“The legal industry is at a turning point, and AI-powered predictions are becoming essential for managing client expectations and executive decision-making,” said Patrick Ip, Co-founder and CEO of Theo Ai. “With this investment, we will continue to develop the infrastructure that makes settlement predictions more precise and valuable for law firms and corporate legal teams.”

Theo Ai will use the new capital to accelerate product development, focusing on its AI-powered settlement prediction tools tailored for Big Law firms and General Counsels. The company is committed to building firm-specific prediction engines that leverage case history and proprietary data to provide actionable insights across a wider array of legal scenarios.

“The leadership team within Theo Ai continues to demonstrate a deep understanding of customer needs and the way advanced technology can reshape the legal field for decades to come,” said Rob Go, Co-Founder and Partner at NextView. “This round came together very quickly because customers are rapidly adopting what they see as a uniquely valuable solution.”

“Theo Ai is transforming the way legal teams predict and manage settlements, and we are excited to back their next phase of growth,” said Aaron Samuels, Founder and Managing Partner at Collide Capital. “Having crossed paths with Patrick early in our respective founder journeys, it’s incredible to now collaborate in building the future of AI-driven legal intelligence.”

The funding round also marks a significant expansion of Theo Ai’s leadership team with the appointment of Jay Mandal as Chief Product Officer. A Stanford Law Lecturer and former COO at SAP, Mandal brings deep expertise in AI, enterprise technology, and legal innovation. He previously was the head M&A attorney at Apple and founded a legal tech company acquired by Rocket Lawyer. The company also welcomed Rob Martorana as Head of Partnerships. A former attorney with over 25 years in legal sales and marketing, including 12 years in litigation finance, Rob brings deep expertise across portfolio, single-case, and corporate monetization strategies. He most recently founded REMO Litigation Finance and served as SVP at Burford Capital.

Theo Ai’s seed round saw participation from all pre-seed investors, including nvp capital, Ripple Ventures, and Beat Ventures. The round also welcomed new investors Four Acres Capital and a distinguished group of angel investors from across legal, finance, and technology:

  • David Fox (Kirkland & Ellis)
  • Bo Berluti (RTP Global)
  • Ramesh Dhanaraj (ex-Fortress Investment Group)
  • Vivek Nasta (ex-Thomson Reuters)
  • Akash Garg (ex-Uber)
  • Art Calcagnini (ex-UBS)

Theo Ai initially launched by helping litigation funders optimize their investment decisions – recently partnering with Mustang Litigation Funding – and has rapidly expanded into serving Big Law and in-house legal teams. The strong market demand led to an oversubscribed seed round, reinforcing confidence in Theo Ai’s technology and vision.

With this latest funding, Theo Ai is poised to drive the future of AI-powered legal decision-making, delivering cutting-edge predictive solutions for the legal industry.

To learn more and join the waitlist for Theo Ai, visit: Theo Ai

About Theo Ai
Theo Ai is the first predictive engine designed by technical and legal professionals to forecast the outcome of legal disputes. Its AI models are trained on historical case data and incorporate real-time analytics with predictive modeling to deliver accurate and actionable insights. Theo Ai is meeting the most critical need for legal professionals – offering accurate case outcome predictions, backed by data. To learn more and join the waitlist for Theo Ai, visit: https://theoai.ai/#product 

Media Contact:
Rick Medeiros
510-556-8517
[email protected]

SOURCE Theo Ai

RoboForce Introduces AI Robot “Titan” for Real-World Industrial Deployment and Announces $15M in Total Funding

Titan delivers the five key primitive capabilities—Pick, Place, Press, Twist, and Connect—essential for most industrial tasks. Titan can achieve 1mm precision for fine-grained manipulation, has a 40kg payload, 1100mm of arm reachability, and an 8-hour production runtime.

Alongside the launch of Titan, RoboForce announced an additional $5M in funding from both new and existing investors, bringing its total capital raised to $15M. This latest investment, following a $10M early-stage round in January, underscores strong investor confidence in RoboForce’s vision to become the global leader in AI robotics and highlights surging market demand for transformative Robo-Labor technology.

“We’re excited about the official launch of Titan,” said Leo Ma, founder and CEO of RoboForce. “Titan marks just the beginning—we’re excited to share more breakthroughs in the near future. The additional funding demonstrates the confidence in our vision to elevate humans beyond dull, dirty, and dangerous work.”

RoboForce is actively working with customers across solar, mining, manufacturing, space, and beyond, with several pilot programs planned for 2025. The latest funding fuels rapid team growth and a new, expanded headquarters in the heart of Silicon Valley, featuring advanced facilities for development and testing.

RoboForce is hiring top talent in AI and robotics to join the growing team and build the future of physical AI and Robo-Labor.

About RoboForce
RoboForce is an AI robotics startup pioneering the world’s most advanced Robo-Labor systems. Its mission is to elevate humanity by automating dull, dirty, and dangerous work—starting with Titan. To learn more about RoboForce, visit https://www.roboforce.ai/.

Press Inquiries:
Ryleigh Bannister
JMG Public Relations
212-206-1645
[email protected]

SOURCE RoboForce

Dazos Raises $25 Million Series A to Empower Behavioral Health Providers

BOCA RATON, Fla., May 19, 2025 — Dazos, the all-in-one CRM platform for behavioral health providers, has raised $25 million in Series A funding from New York-based Radian Capital. The funds will be used to accelerate product development and deepen support for its growing customer base.

Behavioral health providers are facing unprecedented pressure as demand soars, staffing remains tight, and legacy systems and processes slow teams down. By centralizing and simplifying admissions and revenue workflows, Dazos helps providers stay focused on providing great care. The platform – custom built for behavioral health users and workflows – gives teams the visibility and structure they need to grow efficiently, without the upfront and ongoing expenses typically associated with highly-customized software implementations.

“This funding allows us to move faster on the things that matter most to our customers: expanding capabilities, reducing administrative burden, and providing high-quality care for more people,” said David Farache, CEO of Dazos. “We’re building a system of record for behavioral health providers that seamlessly integrates with essential clinical systems such as industry-leading EMRs, and we’re just getting started.”

About Dazos Founded in 2021 in Boca Raton, Florida, Dazos has rapidly built a large and loyal customer base within the behavioral health space. The company’s mission is to empower behavioral health organizations with practical, easy-to-use software that increases admissions, maximizes revenue, and automates operations, allowing them to spend more time focused on delivering high-quality care. For more information, visit https://dazos.com

About Radian Capital Radian Capital is an NYC-based growth equity firm with over $1 billion of assets under management. Radian seeks to partner with strong entrepreneurs and management teams of software, marketplace, and tech-enabled services businesses, helping these capital-efficient companies systematically accelerate growth and innovation. Radian has deep expertise investing in vertical software companies, including those in regulated industries such as healthcare. Select healthcare-related investments include NikoHealth, VPL, and Documo. For more information, visit https://www.radiancapital.com.

Media Contact:
[email protected] 

SOURCE Dazos

O’Shaughnessy Ventures Backs New York City Documentary Project

Photographer Rob Stephenson awarded $100,000 fellowship to expand visual and sonic archive of the city’s neighborhoods

GREENWICH, Conn., May 16, 2025 — O’Shaughnessy Ventures LLC (OSV), an investment firm that empowers creators, has awarded a $100,000 O’Shaughnessy Fellowship to Rob Stephenson, an award-winning fine art and architectural photographer based in Brooklyn, N.Y.

Stephenson will use the fellowship to expand The Neighborhoods, his long-term documentary project that combines photography, field recordings and research-based writing to create a visual and sonic archive of New York City’s neighborhoods in the early 21st century. He will grow the project, which is currently distributed as a newsletter, into an interactive website, with print editions also under consideration. Nearing the end of its second year, The Neighborhoods has covered nearly 100 of the city’s 300-plus neighborhoods.

Stephenson’s photographs of evolving urban landscapes have been exhibited at the Brooklyn Museum, the Museum of the City of New York, and in venues across North America and Europe. His commissions include work for the Center for Architecture and the Architectural League of New York. He has received multiple fellowships and awards, including the FotoFilmic Solo V award and the Joyce Elaine Grant Photography Exhibition Solo Show award. His work has appeared in The New York Times, The Wall Street Journal, Wired, Bloomberg Businessweek and other publications.

OSV’s founder and CEO, Jim O’Shaughnessy, commented, “As a New York lover and photography fan, I’m thrilled to support this important cultural and historical project.”

“I am deeply honored to receive the O’Shaughnessy Fellowship,” said Stephenson. “This recognition and support will allow me to fully dedicate myself to creating a comprehensive and accessible archive of New York City.”

About the O’Shaughnessy Fellowships Program

Launched in 2023, the O’Shaughnessy Fellowships program discovers and empowers the world’s boldest creatives, builders and researchers. Fellows receive a $100,000 grant and gain access to OSV’s network of founders, investors and experts.

OSV will award 12 fellowships in 2025. Applicants will also be considered for the O’Shaughnessy Grants program, which provides 20 additional $10,000 grants to promising innovators.

Stephenson is the fifth fellow announced in 2025. More information about previous fellows is available at OSV’s website.

Applications for the fellowships are now closed and will reopen on Jan. 1, 2026. Individuals interested in learning more can do so via OSV’s website.

About O’Shaughnessy Ventures

OSV is a creative investment firm that empowers creators to bring their ideas to life. Founded by Jim O’Shaughnessy, a pioneer in quantitative investing, founder of O’Shaughnessy Asset Management, and author of five books, OSV aims to provide financial support and to partner in growing the next life-changing creative ideas.

OSV combines Jim’s deeply rooted interest in all things art, science, investing and technology with his long-held desire to establish scenarios designed to help promising creators and their inspiring ideas succeed, regardless of age, location, job history or level of education. For more information, visit OSV’s website.

Media Contact:
Ena Gong
O’Shaughnessy Ventures LLC
(917) 355-7420
[email protected]

SOURCE O’Shaughnessy Ventures

A100x Launches $50 Million Fund II Backing Early Stage Companies in AI, Digital Assets, and Blockchain

Backed by institutions, family offices, fund of funds and industry executives, A100x builds upon its proven track record of backing companies that are building applications and middleware to solve real world challenges

BOSTON and NEW YORK, May 16, 2025A100x is pleased to announce its second fund, a $50 million vehicle dedicated to supporting aspiring early stage founders in artificial intelligence (AI), digital assets, and blockchain, and is strategically designed to foster the next generation of companies that are building applications and middleware to solve real world challenges and foster enterprise and consumer adoption.  There is no better time than during this US administration to support these technologies.

Nisa Amoils and Sal Ternullo are the partners of the fund, joined by Frank Amato as venture partner and a team of analysts.  Amoils has been a venture investor in these sectors since 2016. As a securities lawyer by training and having worked in media co-producing and hosting The Business of Blockchain show and writing for Forbes, she is uniquely well positioned to add value to early stage founders.  Ternullo has been focused on emerging technologies since 2015. Prior to joining venture, he co-led KPMG’s digital assets advisory business in the U.S. and worked at State Street where he advised the bank on security and auditability related to the adoption of machine learning and blockchain.  Amato spent eighteen years as a derivatives trader and precious metals market maker at J.P. Morgan and has been an active angel investor in these sectors.

“A100x was purpose-built to provide more than just capital to our partner founders,” said Sal Ternullo, Managing Partner of A100x. “As longstanding, experienced, and passionate investors in the rapidly evolving AI, digital assets, and blockchain space, we aim to bring deep operational and domain expertise to our portfolio of founders, and are proud to be a trusted partner to founders seeking to realize these technologies that address real world challenges. We are grateful for the support of our backers who have chosen to invest in our fund.”

The fund has been in operation since mid 2024 and has already made 15 investments.  Previous early investments made by the team in blockchain and AI include companies such as:

  • Blockdaemon – a complete institutional solution for seamless, secure, and efficient web 3 services for large banks and financial institutions
  • Coreweave – provides purpose built cloud services that power the AI revolution
  • Nansen – provides data analytics to crypto investors
  • Risczero – democratizing zero knowledge proof technology making it available for developers everywhere
  • Securitize – making real world assets available to institutions and investors through tokenization, a process that registers ownership rights on blockchain
  • Champtitles – automobile digital title management and registration for local and state governments
  • Mythical Games – a solution for developers and game publishers to integrate ownership and a secondary economy into games

The current fund has backed projects such as the recently launched Anymal Foundation, which provides a programmable onchain identity layer for animals, ensuring better care, transparency and innovation across pet care, livestock equine, wildlife and more.  It also backed Testudo, a technology that allows insurance companies to underwrite the risk of artificial intelligence lawsuits.

For more information about A100x and its current portfolio of companies, please visit www.a100x.vc.

SOURCE A100x

Global fintech CrediLinq Raises $8.5M Series A to Accelerate the Growth of B2B Embedded Finance

  • The round was led by OM/VC (formerly Vectr Fintech) and MS&AD Ventures. New investors include Citi North America and Rustem Family office. Returning investors include 500 Global, Epic Angels, 1982 VC, and Big Sky Capital.
  • CrediLinq operates in the embedded finance sector, enabling B2B platforms to offer financing solutions. Its AI-powered technology infrastructure integrates into online platforms through APIs and leverages the platform’s real time alternative data to provide credit seamlessly to SMEs at the point of need.
  • Funds will be deployed to drive market expansion, strategic acquisitions and partnerships in the US, UK and Australia; boost local presence in Singapore; hire senior commercial, product and tech talent and invest in further technology enhancements.

SINGAPORE, May 16, 2025 — CrediLinq, the AI-powered embedded finance platform that is revolutionizing access to growth capital for underserved digital-first SMEs globally, announced today the close of its USD $8.5 million Series A funding round. The round was led by OM/VC and MS&AD Ventures. New investors include Citi North America and Rustem Family office.  Returning investors include 500 Global, Epic Angels, 1982 VC and Big Sky Capital.

CrediLinq will immediately accelerate geographic expansion, starting with the United States and subsequently into the United Kingdom and Australia.  The company will look to partner with larger digital platforms in these markets to drive user growth, enabling digitally native businesses transacting on platforms to access capital.

In addition, CrediLinq will strengthen its leadership bench in sales, marketing, product and tech to support expansion in the target markets.  A significant portion of the funds will also be invested in enhancing the company’s technology stack — with continual improvement of AI-led credit algorithms that use the SME’s real-time digital footprint including platform data, unstructured data, bureau information and the like, to reduce non-performing loans (NPLs), improve ‘Default On’ collections, and build agentic workflows to drive efficiency.

Deep Singh, Founder and Group CEO of CrediLinq, remarked: “Today marks a pivotal moment for CrediLinq as we accelerate the growth of embedded finance globally, helping platforms empower digital native SMEs with flexible, transparent and more seamless access to capital. With this new funding, we are excited to deepen our partnerships, expand into new markets, and invest in senior talent and technology infrastructure that will support the next phase of our growth.” 

Vikram Kotibhaskar, Co-Founder of CrediLinq. added: “The embedded credit revolution continues to gain momentum, and CrediLinq is at the forefront of this innovation.  By being integrated within platforms, our Credit-as-a-Service stack leverages API connectivity, transactional data and credit algorithms for quick decision-making at the point of need and offers easy checkout within the partner ecosystem.  This results in a fast, frictionless and transparent customer experience and more ways for platforms to monetize their business.  Our agentic workflows also drive efficiency and continuous monitoring to keep loan losses low.  Platform partners benefit with higher stickiness, trust, and scalability that drives up GMV.”

CrediLinq’s solutions can be embedded across platforms that cover verticals of procurement, supply chain, e-commerce marketplaces, freelance platforms, banking, accounting, and payments.   In the e-commerce space for example, CrediLinq has integrations with key marketplaces such as Amazon, Lazada and TikTok Shop.

Mark Munoz, Managing Partner at OM/VC commented: “As a long-term investor in Credilinq, we’re proud to support their growth into a global leader in credit-as-a-service. Their innovative use of technologies like AI to drive positive revenue outcomes for clients is aligned with our investment philosophy. It’s also encouraging to see that many of its users have reported consistent, immediate ROI from their crediting platforms, underscoring the value that Credilinq is delivering at scale.”

Lee Smallwood, Global Head of Markets Innovation & Investments at Citi, said: “CrediLinq’s innovative approach to embedded finance leverages AI to provide seamless credit solutions for digital-first SMEs, which complements our goal to transform financial services.  Their platform’s ability to integrate into diverse digital ecosystems positions them to make a significant impact globally.”

Jon Soberg, Managing Partner at MS&AD Ventures, mentioned: “CrediLinq’s AI-driven platform offers a scalable solution to B2B platforms that want to embed lending as a complementary, value-add offering. Their focus on embedding credit within digital workflows is exactly what today’s rapidly evolving digital economy demands.”

Vishal Harnal, Managing Partner at 500 Global, reflected: “We first backed CrediLinq in 2022 and are doubling down as they scale their AI-powered platform globally. Deep and his team bring exceptional domain expertise and execution, having already built a trusted, scalable model for embedded finance that allows them to expand beyond Southeast Asia.”


For more information about CrediLinq’s embedded finance platform and Series A milestones, please visit www.credilinq.ai.

About CrediLinq

CrediLinq is a technology infrastructure company with a proprietary Credit-as-a-Service stack. Their API-centric approach enables B2B platforms and banks to build financial products for merchants, enabling the financial empowerment of underserved digital native SMEs to build, grow and scale their business.

What sets CrediLinq apart is embedding lending solutions within these platforms and harnessing the platform’s real-time alternative data, to offer business owners swift access to funding through AI-driven credit decisioning and agentic workflows. This empowers SMEs to manage cash flow by accessing seamless, flexible and transparent lending options.

The company holds a Capital Markets Services License under the Monetary Authority of Singapore (MAS), enabling it to raise and deploy institutional capital to support SME growth. CrediLinq is ISO 27001 certified for information security management and is a member of the Singapore Fintech Association.

About Citi

Citigroup (NYSE: C), a leading global bank, invests in and partners with innovative startups that are transforming financial services and other industries. Focus areas include fintech, data analytics, and enterprise solutions. For more information, visit https://www.citi.com.

About OM/VC

OMVC is an early-stage venture capital firm targeting investment opportunities in fintech, deep tech, climate tech and where they intersect. With presence in San Francisco, Honolulu, New York and Singapore, it deploys private capital across Seed to Series A companies and provides visionary founders with operating expertise, capital formation advisory and access to talent. Founded by a former entrepreneur and a regulatory innovator, OMVC aims to create value on behalf of its investors, portfolio companies and the communities it operates in through integrating human-centric and tech-forward approaches.

For more information, please visit: omvc.co.

About MS&AD Ventures

MS&AD Ventures is the corporate venture capital arm of MS&AD Insurance Group Holdings, one of the world’s largest insurance groups. MS&AD Ventures invests in early-stage startups advancing innovation across insurtech, fintech, and ESG sectors. For more information, visit https://msad.vc/.

About 500 Global

500 Global is a venture capital firm with US$2.2 billion in assets under management (as of 31 December 2024) investing in globally ambitious founders building fast-growing technology companies. The company focuses on the U.S. and global markets where innovation, capital, and ecosystems can propel startups and unlock long-term value. For more details, visit https://500.co/

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SOURCE CrediLinq

Mercurius Media Capital Commits Initial $1 Million with Option for Additional $2 Million Media Investment in Mode Mobile’s National Growth

REDWOOD CITY, Calif., May 15, 2025 — Mercurius Media Capital (MMC), the first U.S.-based media-for-equity venture fund, announced a strategic investment in Mode Mobile, the fast-growing platform transforming how consumers monetize their time and attention. MMC has committed an initial $1 million, with an option for an additional $2 million, in targeted media inventory to accelerate Mode’s visibility and adoption across the U.S. market. Mode Mobile operates at the intersection of fintech, media, and rewards, offering a disruptive platform where consumers earn value from their time and attention.

In a landscape often focused on superficial engagement, Mode Mobile pioneers a model of value creation for underserved audiences. “At Mode, we’re pioneering a new way to utilize an everyday asset—turning smartphones into EarnPhones™,” said Dan Novaes, CEO and Co-founder of Mode Mobile. “Our passionate team is eager to partner with MMC and tap into their media expertise to accelerate our growth and connect with entirely new audiences.”

MMC’s investment will fuel Mode’s expansion through a broad media campaign, leveraging MMC’s partnerships with leading media platforms such as Sinclair Broadcast Group, TelevisaUnivision, Atmosphere TV, and others. Mode Mobile joins a growing portfolio of culturally relevant companies accessing high-impact advertising in exchange for equity.

“This isn’t just a growth story it’s a new framework for engagement,” said Piyush Puri, Founding Partner of MMC “Mode is building a model that aligns incentives at scale, fundamentally reshaping user interaction with devices, data, and dollars,” This partnership highlights the power of media-for-equity investing in unlocking growth for startups often overlooked by traditional funding models.

MMC bridges the gap for DTC and mid-sized brands by educating them on TV economics and the long-term value of brand-building MMC’s media offer premium inventory as a strategic asset, with a vested interest in each company’s success, creating impactful and targeted campaigns.

About Mercurius Media Capital Mercurius Media Capital launched in December 2023, is the first U.S.-based media-for-equity venture fund with ~$90 million in committed capital. Co-founded by Satyan Gajwani and Piyush Puri, MMC builds on over 15 years of experience driving media capital transactions at The Times of India Group, facilitating over $3 billion in media-based investments. MMC has partnered with leading media platforms, including Sinclair Broadcast Group, Televisa Univision, Atmosphere TV and others, to offer high-growth startups and enterprises access to distinct, large-scale advertising inventory in exchange for equity. This fund has backed several companies, including Airtasker, Deskera, Edly, Captain Experiences, reAlpha, RYSE and more.

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security. Investments in MMC are available only to verified accredited investors. Forward–looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Past performance is not indicative of future results.

Media Contact:
Interdependence PR
Angelic Venegas, Account Director
847-977-5601
[email protected] 

SOURCE Mercurius Media Capital