RIVERSIDE, Calif., Oct. 27, 2025 — A new endowment is set to secure the future of the construction management program at California Baptist University, providing steady funding to support growth and long-term success.

James and Barbara Knuppe have committed $2 million to the program, which will be named in their honor. Through its endowment matching initiative, CBU will double the impact of their gift, creating a $4 million endowment. 

“I am deeply grateful to Jim and Bobbie for their enduring friendship, their continued generosity, and the significant role they’ve played in advancing CBU’s mission,” said Dr. Ronald L. Ellis, president of CBU.

James Knuppe, a housing and mini-storage developer, and his wife are longtime supporters of CBU.

“God opened the door to make a gift,” he said. “I’m just a steward of this money, and I’ll use it as He directs.”

The gift is the largest commitment to the construction management program, said Dr. Phil van Haaster, dean of the Gordon and Jill Bourns College of Engineering.

“The naming of the H. James and Barbara Knuppe Construction Management Program is a fitting tribute,” van Haaster said. “It represents not only the Knuppe’s extraordinary generosity, but also their enduring belief in the power of Christian higher education to transform lives and professions.”

Paul Eldridge, vice president for University Advancement, said the gift will benefit generations of students.

“Jim and Bobbie Knuppe have long been pillars of support for California Baptist University,” Eldridge said. “From investing in scholarships to advancing new initiatives, their legacy is woven into the fabric of this campus.”

Over the years, the Knuppes have given more than $4 million to areas across campus, including the College of Nursing, the School of Business, the aviation science program and endowed scholarships. The CBU prayer chapel in the Eugene and Billie Yeager Center is named in their honor. The Knuppes have a number of grandchildren who are CBU alumni.

About California Baptist University
Founded in 1950, California Baptist University is a top Christian university on the west coast. CBU offers more than 108 bachelor’s programs, 41 graduate programs and nine doctoral programs. Affiliated with the California Southern Baptist Convention, CBU is a member of the Council for Christian Colleges and Universities, the Association of Independent California Colleges and Universities and the International Association of Baptist Colleges and Universities.

SOURCE California Baptist University

New 24-month terms make it easier for business owners to plan ahead, invest in equipment, and expand with confidence.

HOLLYWOOD, Fla., Oct. 27, 2025 — Delta Capital Group Inc., a leading provider of small-business financing solutions, has announced expanded funding programs with repayment terms now available for up to 24 months.

This expansion gives business owners more flexibility to manage cash flow, invest in growth, and plan long-term—while still benefiting from Delta Capital’s hallmark same-day approval and funding process.

“Not every business grows on a 90-day cycle,” said Benjamin Miller, Senior Funding Director at Delta Capital Group. “Our new 24-month terms allow owners to pursue larger opportunities with confidence and stability.”

Delta Capital’s expanded programs cover Term Loans, Lines of Credit, Equipment Financing, SBA-style options, and MCA programs, designed to serve industries such as healthcare, construction, logistics, retail, and professional services.

With an A+ rating from the Better Business Bureau, Delta Capital Group continues to combine technology-driven underwriting with personalized support to deliver fast, reliable funding to small and mid-sized businesses nationwide.

Business owners can apply at DeltaCapitalGroup.com or contact a funding specialist at 888-213-7118.

About Delta Capital Group Inc.

Delta Capital Group is a national small-business funding provider headquartered in Hollywood, Florida. The company offers same-day approvals and flexible financing solutions to help entrepreneurs grow and thrive.

Media Contact:
[email protected] | (888) 213-7118
https://DeltaCapitalGroup.com

Photo(s):
https://www.prlog.org/13107327

Press release distributed by PRLog

SOURCE Delta Capital Group Inc.

NEW YORK, Oct. 27, 2025 — Good Springs Capital LP (“Good Springs”), a private investment firm focused on partnering with founders, families, and entrepreneurial management teams in the industrial and services sectors, today announced that entities managed by Good Springs have completed an investment in Falasca Mechanical, LLC (“Falasca Mechanical”).

Headquartered in Vineland, New Jersey and founded in 1998, Falasca Mechanical is a provider of heating, ventilation, air conditioning, and plumbing services to education, health care, and other commercial and industrial markets. The company prides itself on executing time-sensitive retrofit, new installation, and repair services for critical applications, with a leading regional presence in southern New Jersey and southeastern Pennsylvania.

David Van Geyzel, Managing Partner of Good Springs, stated, “The Falasca family, supported by a highly talented union workforce, has built an exceptional company with a well-earned reputation for solid execution and outstanding customer service. We are proud to partner with Dan and Danny Falasca and, together with them, look forward to building on the company’s already impressive track record.”

Dan Falasca, President of Falasca Mechanical, commented, “I would like to thank all of our employees for their dedication and hard work in helping build this company over the years. I am excited about the opportunities that will arise from our new partnership with Good Springs and am particularly happy that we have found a firm that shares the same values that have driven us since my father started in the business decades ago: integrity, efficiency, and an unwavering commitment to top-rate standards of service.”

The company’s Vice President, Danny Falasca, added, “The investment by Good Springs is an important milestone in our company history that will help facilitate an eventual 3^rd generation transition. We are eager to partner with the team at Good Springs, a firm with deep experience assisting owner-operators in further scaling family businesses like ours.”

Udi Toledano, Managing Partner of Good Springs, commented, “As with Good Springs’ other transactions, Falasca Mechanical’s senior team, headed by Dan and Danny, will continue to lead the company and day-to-day operations will not be impacted by our investment. In addition, with the backing of Good Springs, we believe the company’s growth has the potential to accelerate through ongoing internal initiatives and the pursuit of strategic add-on acquisitions.”

Valufinder Group, Inc. acted as buyside intermediary and Ballard Spahr LLP acted as legal counsel to Good Springs. Hyland Levin Shapiro LLP acted as legal counsel to Falasca Mechanical.

About Falasca Mechanical

Founded in 1998 and headquartered in Vineland, New Jersey, Falasca Mechanical is a leading regional mechanical and plumbing contractor serving the education, health care, and commercial & industrial end markets. Falasca focuses on highly complex public and private projects, including university buildings, medical centers, power & energy plants, casinos, and industrial manufacturing environments. With a team of over 400 employees, including over 350 skilled union tradespeople, Falasca Mechanical has grown to be one of the Delaware Valley’s premier solutions providers for mechanical installation, construction, and repair & maintenance. For more information about Falasca, please visit www.falascamechanical.com.

About Good Springs Capital

Good Springs, based in New York, NY, is a private investment firm that partners with founders, families, and entrepreneurial management teams leading middle-market companies in the industrial and services sectors. The firm was founded in 2023 through a strategic partnership with The Chickasaw Nation and to date has made investments in Kimbel Mechanical Systems, Tectonic Engineering, and Falasca Mechanical. Guided by a long-term perspective, Good Springs focuses on building strong partnerships with talented management teams and supports them in achieving their next phase of growth through the disciplined application of the Good Springs Growth System. For additional information about Good Springs, please visit www.goodspringscap.com.

CONTACT: Kristina Floyd, [email protected]

SOURCE Good Springs Capital LP

ST. LOUIS, Oct. 27, 2025 — Plastomics, a cutting-edge leader in agricultural biotechnology, recently announced the successful initial close of its Series B funding round. The company secured $5.8 million to fuel the next wave of innovation in crop science.

Participating in this round are Fulcrum Global Capital, Lewis & Clark Partners, Skull Diamond and Heart Capital, Missouri Technology Corporation, BioGenerator Ventures, and other premier ag-focused investors, signifying strong momentum and broad support for Plastomics’ pioneering chloroplast engineering technology.

“We’re thrilled to support Plastomics as they pioneer chloroplast-based trait delivery and set a new standard in agricultural biotechnology in general,” said John Peryam, Co-Founder & Managing Partner at Fulcrum Global Capital. “The company’s world-class team is working to transform the way traits are introduced into crops, accelerating development of varieties that are more resilient, productive, and sustainable.”

Plastomics’ proprietary chloroplast engineering platform offers several game-changing advantages over conventional gene delivery, including:

• No Pollen Outcrossing: Chloroplasts are not transmitted through pollen, eliminating the risk of outcrossing to non-transgenic plants or weedy species.
• Maternal Inheritance: Chloroplast traits are maternally inherited, greatly simplifying trait introgression in commercial breeding pipelines and decreasing time to market for next generation trait products.
• Higher Expression & Durability: High trait expression in chloroplasts is the key to enabling more efficacious and durable insect resistance traits that have failed using older nuclear transgenic technology.
• Precision & Predictability: Plastomics’ chloroplast engineering process allows for precise and predictable trait insertion, de-risking trait product development through avoidance of unintended effects as seen in many transgenic nuclear technologies.

This infusion of capital empowers Plastomics to accelerate the development of the world’s first transgenic traits in the chloroplasts of corn — marking an industry milestone following the company’s commercial breakthrough in soybean chloroplast transformation. Over the next 12 to 24 months, Plastomics’ advanced chloroplast trait delivery platform for soybeans will enter its final commercial phase with upcoming field trials. This milestone will unlock superior insect and herbicide protection for growers.

“This investment is a powerful validation of our technology and vision,” said Tania Seger, CEO of Plastomics. “In a challenging economic climate, raising close to $6 million from top-tier ag-focused investors speaks volumes about their belief in our ability to deliver the first-ever transgenic traits in the chloroplasts of corn.”

Learn more: https://plastomics.com/

SOURCE Plastomics

WALNUT CREEK, Calif., Oct. 27, 2025 — Insignia Capital Group (“Insignia”), a growth-oriented private equity firm, today announced the closing of its newest fund with over $500 million in total capital commitments. The fund was oversubscribed, surpassing its $375 million target and closing at its hard cap, with strong participation from existing limited partners and the addition of a small number of new investors.

“Achieving this outcome in a challenging fundraising environment is a privilege and an affirmation of our strategy and the trust our limited partners place in us,” said David Lowe, Managing Partner at Insignia. “Closing the fund is only the beginning—we recognize the significant responsibility we have to the foundations, endowments, pension plans and investors that have entrusted us to deliver strong performance on behalf of their beneficiaries,” added Tony Broglio, Managing Partner at Insignia.

Consistent with prior funds, the new fund will pursue control and influential minority investments in North American companies within the tech-enabled business services and consumable products industries. Insignia partners with founders and management teams to accelerate growth organically and through strategic M&A.

Kirkland & Ellis LLP acted as legal counsel and M2O Private Fund Advisors served as placement agent.

About Insignia Capital Group
Insignia Capital Group is a growth-oriented private equity firm focused on building world-class companies in the consumer and business services sectors. We partner with company founders and their teams to help drive growth and achieve true business potential.

SOURCE Insignia Capital Group

Minority investment round brings together tech expertise, AI resources and a comprehensive bank network to validate and accelerate SavvyMoney’s growth        

DUBLIN, Calif., Oct. 27, 2025 — SavvyMoney, an industry leader of financial wellness and growth solutions, today announced a $225 million minority investment co-led by PSG and Canapi Ventures, with continued investment from Spectrum Equity. The investment will accelerate SavvyMoney’s product roadmap and go-to-market investments, enabling the company to better serve its core community of over 1,500 financial institutions.

SavvyMoney has been a trusted partner for banks, credit unions and fintechs seeking to deepen consumer relationships through data-driven innovation. As a fast-growing market leader, SavvyMoney is just beginning to expand its portfolio potential. The company’s integrated platform combines real-time credit score insights, financial wellness tools, personalized offers, and an advanced analytics platform, combined with a seamless lending and deposit experience – helping financial institutions of all sizes drive growth and empower consumers to take confident financial action.

“This is the kind of validation every CEO hopes for,” said JB Orecchia, CEO and President of SavvyMoney. “We believe PSG and Canapi didn’t just see an investment opportunity. They saw a company that’s genuinely transforming how financial institutions connect with their customers. We’ve spent years proving that community banks and credit unions can deliver value-driving financial wellness tools when they have the right partner. This partnership gives us the resources and expertise to build on our proven model and show what’s possible when you put customer financial well-being and the financial institution’s goals at the center of everything you do.”

The investment brings together two firms whose combined expertise position SavvyMoney for its next chapter of growth. PSG, which manages approximately $28 billion in assets under management across more than 160 portfolio companies, specializes in scaling growth-stage B2B software platforms. Through its software expertise and operational support, PSG aims to enhance SavvyMoney’s ability to help financial institutions drive greater customer engagement and long-term value.

“In our view, SavvyMoney is leading the market in embedding credit score insights, financial wellness tools, and lending solutions directly into the digital banking experience,” said Chris Nesbitt, Managing Director at PSG. “We’re excited to partner with the team as they continue to expand their suite of innovative products and seek to harness AI to deliver even greater revenue opportunities to financial institutions and their customers.”

Canapi Ventures  brings something equally valuable but entirely different: deep expertise in financial services innovation. Canapi’s limited partners include over 70 financial institutions, ranging from community banks to some of the nation’s largest. This positioning means Canapi has direct insight into what banks need to stay competitive. The firm invests in companies that help banks thrive in a rapidly evolving landscape, making this partnership both a strategic validation of SavvyMoney’s approach and a natural fit for the company’s growth ambitions.

“SavvyMoney is raising the bar for personalized credit insights in digital banking,” said Tom Davis, General Partner at Canapi. “Purpose-built for financial institutions and with strong validation from our bank ecosystem, SavvyMoney delivers tangible value for its customers. It is exactly the kind of team we are proud to partner with.”

Spectrum Equity , which first invested in SavvyMoney in 2021, returned for this round, demonstrating continued confidence in the company’s leadership team and growth strategy. TransUnion, who first invested in the business in 2016, remains a valued strategic partner and shareholder going forward.

SavvyMoney has nearly doubled its institutional footprint to over 1,500 partners since 2021 while expanding its digital banking capabilities through new product offerings and strategic acquisitions like CreditSnap, which now powers intelligent loan origination, deposit, and account onboarding solutions.

Raymond James acted as the exclusive financial advisor to SavvyMoney in this transaction, and Goodwin Procter LLP served as the company’s legal advisor. William Blair served as the exclusive financial advisor to PSG, and Latham & Watkins LLP served as its legal advisor. For more information, visit www.savvymoney.com.

About SavvyMoney
SavvyMoney is an industry leader in financial wellness and growth solutions, extending its reach to over 1,500 banks, credit unions, and fintechs nationwide. The synergy of real-time credit data and advanced digital personalization and marketing tools defines SavvyMoney’s offerings, seamlessly integrating with more than 40 digital banking platforms. What sets SavvyMoney apart is not just its innovative technology but also its hands-on service, coupled with a resolute commitment to assisting financial institutions in fortifying and enriching their consumer relationships. To learn more about SavvyMoney, visit www.savvymoney.com.

About PSG 
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 160 companies and facilitated over 530 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.

About Canapi Ventures
Canapi is a B2B software and financial technology venture and growth equity platform investing in early to growth-stage companies offering disruptive alternatives to outdated business models and technologies. Backed by the Canapi Alliance – a network of over 70 of the leading financial institutions across the United States – Canapi’s partners have decades of hands-on experience in financial services. Canapi brings unmatched sector experience and best-in-class knowledge, connections, and credibility to founders. To learn more about Canapi, visit www.canapi.com.

About Spectrum Equity
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. For over 30 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading internet-enabled software, data, and information services companies.

With offices in Boston, San Francisco, and London, the firm is investing its tenth fund with $2 billion in limited partner capital. Representative investments include Ancestry, Definitive Healthcare, GoodRx, Lucid Software, Origami Risk, Ethoca, SurveyMonkey and Verafin. For more information, including a complete list of portfolio investments, visit our Portfolio page.

Media Contacts
PANBlast for SavvyMoney
Emylee Eyler
[email protected]

PSG
Jackie Ryan
[email protected]

Canapi Ventures
Keenan McCarthy
[email protected]

SOURCE SavvyMoney

OKLAHOMA CITY, Oct. 27, 2025 — More than 800 people attended the 2025 Connect+Cure Gala on Wednesday night, raising $4.7 million to support research and programs at the University of Oklahoma Health Harold Hamm Diabetes Center.

The majority of the funds will go toward research, and a portion will support diabetes outreach and prevention, as well as sponsor participants of Camp Blue Hawk, a residential summer camp for youth ages 9 to 17 with Type 1 diabetes.

Master of ceremonies for the evening was Robin Marsh, an Emmy Award-winning journalist with KWTV News 9 in Oklahoma City. Eight-time Grammy Award winner and Oklahoma native Carrie Underwood provided the entertainment.

The prestigious Harold Hamm International Prize for Biomedical Research in Diabetes was awarded to Professor Dr. Anette-Gabriele Ziegler, director of the Institute of Diabetes Research, Helmholtz Munich, German Research Center for Environmental Health. She is also Chair in Diabetes and Gestational Diabetes at Technische Universität München, School of Medicine.

The Hamm Prize recognizes and encourages lasting advances in research related to Type 1 or Type 2 diabetes. It is awarded to an individual who has either demonstrated lifelong contributions to the field or realized a singular advance, especially one that promotes curative potential. The Hamm Prize laureate is selected by a rotating jury of national and international leaders in the diabetes research community and is awarded every two years. The honor includes a $250,000 award, the largest of its kind in the world. It is named for Harold Hamm, chairman and chief executive officer of Oklahoma-based Continental Resources Inc., who provided an endowment to fund the prize in perpetuity.

“Dr. Anette-Gabriele Ziegler’s groundbreaking research is transforming the future of Type 1 diabetes,” Hamm said. “Dr. Ziegler’s work is turning hope into reality, giving families more time, more answers and more reasons to believe that a cure is within reach. This is exactly why this prize was created – to recognize and accelerate game-changing discoveries that make a real difference in the lives of those battling diabetes. What a tremendous evening it was celebrating her remarkable contributions and the incredible progress we’ve made at the Harold Hamm Diabetes Center toward ending diabetes once and for all.”

Ziegler’s research has been at the forefront of translating important research questions into long-term studies, including more than 20 clinical trials and implementing findings into public health. Among her many achievements, she launched the first birth cohort to study when and how Type 1 diabetes begins. She also created a public screening program to detect early signs of Type 1 diabetes, now a model for similar global efforts. In addition, she conducted research that led to a landmark clinical trial resulting in Food and Drug Administration approval for teplizumab, the first immunotherapy drug shown to delay the onset of Type 1 diabetes in at-risk individuals.

“Dr. Ziegler’s vision and dedication have not only deepened our understanding of Type 1 diabetes but also led to new ways of helping patients by delaying the disease’s onset,” said Jed Friedman, Ph.D., director of Harold Hamm Diabetes Center and a professor in the OU College of Medicine. “Her work shows how science and compassion can come together to make a real difference in people’s lives. We’re honored to celebrate her for her remarkable contributions to diabetes research and her lasting impact on public health.”

Also at the Connect+Cure Gala, the University of Oklahoma honored Hamm with the inaugural Crystal Seed Sower Award, a distinction for donors whose philanthropic support of $25 million or more has profoundly shaped the university and the people it serves.

Hamm’s generosity has transformed the OU Health Harold Hamm Diabetes Center into a national leader in diabetes research. Because of his support, the center has assembled a team of dedicated scientists who have made promising discoveries regarding both Type 1 and Type 2 diabetes. Research income from the National Institutes of Health has soared from $5 million to $33 million, and new research space has been added to accommodate growth in the research enterprise.

“Because of Mr. Hamm’s steadfast commitment to the OU Health Harold Hamm Diabetes Center, we are making extraordinary progress in confronting the diabetes crisis,” said OU President Joseph Harroz Jr. “Few individuals have left such an enduring mark on the health and well-being of our state. His philanthropy reflects not only deep compassion, but also a profound belief in the power of discovery to save lives.”

About the University of Oklahoma
Founded in 1890, the University of Oklahoma is a public research university with campuses in Norman, Oklahoma City and Tulsa. As the state’s flagship university, OU serves the educational, cultural, economic and health care needs of the state, region and nation. In Oklahoma City, the OU Health Campus is one of the nation’s few academic health centers with seven health profession colleges located on the same campus. The OU Health Campus serves approximately 4,000 students in more than 70 undergraduate and graduate degree programs spanning Oklahoma City and Tulsa and is the leading research institution in Oklahoma. For more information about the OU Health Campus, visit www.ouhsc.edu.

SOURCE University of Oklahoma

Frontier Growth backs spin-out from PingPod to accelerate the expansion of PodPlay’s vertical SaaS platform modernizing participatory sports clubs.

NEW YORK, Oct. 27, 2025 — PodPlay Technologies, Inc., the fast-growing vertical SaaS platform for participatory sports venues, today announced its spin-off from PingPod Inc and the close of an $8 million Series A led by Frontier Growth. Frontier partner Dave Pandullo will join PodPlay’s board.

PodPlay combines software, hardware, and automation to help sports clubs run more efficiently and deliver premium player experiences. Its full stack platform integrates reservations, memberships, coaching, events, and payments with proprietary technology for video replays, digital scoreboards, and autonomous access. Clubs using PodPlay have reduced labor costs by up to 66% while unlocking new digital revenue streams and social engagement.

Originally developed to power PingPod’s autonomous table-tennis clubs, PodPlay has quickly expanded to meet demand in pickleball – the fastest-growing sport in the U.S. – and is now the preferred premium solution for modern, tech-driven venues. Today, PodPlay’s platform powers many of the country’s most innovative pickleball venues – including Pickleball Kingdom, CityPickle, Performance Pickleball, SPF, and St. Pete Athletic.

“PodPlay was built to make sports venues both more human and more autonomous,” said Max Kogler, Co-Founder and CEO of PodPlay Technologies. “Our platform lets owners focus on community and experience while technology handles the rest. Operating independently and partnering with Frontier gives us the runway to accelerate product innovation and bring PodPlay to thousands of venues worldwide.”

Frontier Growth’s investment aligns with its long-standing thesis in vertical SaaS: backing platforms that combine operational depth with modern, scalable tech. “We partner with domain experts who are transforming their industries with modern vertical SaaS solutions that customers love,” said Dave Pandullo, Partner at Frontier Growth. “Our diligence revealed an exceptional level of customer passion for PodPlay – operators who describe it as transformative for their venues and communities. That customer love underscores a significant opportunity to replace the dated, fragmented tools that exist in the market today with a modern, integrated platform purpose-built for participatory sports. We’re thrilled to partner with a team whose deep domain expertise and technology leadership are redefining the category.”

Ben Borton, Co-Founder of PodPlay, added: “The future of sports venues is connected, digital, and frictionless. Frontier’s track record with vertical SaaS leaders will help us scale faster without losing what makes these communities special.”

PodPlay’s growth reflects a broader shift toward participatory, tech-enabled recreation. The company has tripled revenue year-over-year, served nearly one million users, and formed strategic partnerships across the fastest-growing sports categories. With new capital and independence, PodPlay will expand its engineering, sales, and customer-success teams to support rapid adoption and product expansion.

About PodPlay Technologies

PodPlay Technologies is the software and hardware platform for modern recreational venues. It integrates reservations, events, coaching, analytics, and payments with proprietary technology—digital scoreboards, instant video replays, secure access, and 24/7 remote monitoring. Originally built for PingPod, PodPlay now powers next-generation pickleball, padel, ping pong, pool, tennis, golf, and multisport facilities worldwide. Learn more at www.podplay.app.

About Frontier Growth

Founded in 1999, Frontier Growth is a growth equity investment firm based in Charlotte, North Carolina that specializes in partnering with founders of vertical SaaS companies to help them scale and reach new heights. By leveraging its deep experience helping growth-stage vertical SaaS companies scale to market leadership positions, Frontier provides tailored support and resources to help drive sustainable growth and scalability. Frontier’s ‘people-first’ philosophy to investing is founded upon putting people before numbers – a belief that it’s the people around the table collaborating together that make the difference in driving true innovation and growth. With over 15 years of experience investing in vertical SaaS, Frontier has completed more than 25 vertical SaaS investments since inception. Frontier typically makes initial equity investments of $5–30 million in mission critical vertical SaaS companies with $3–20 million of annual recurring revenue (“ARR”) and +25% annual growth. For more information about Frontier, please visit www.frontiergrowth.com.

Media Contact
[email protected]

Logo – https://mma.prnewswire.com/media/2804041/PodPlay__Logo.jpg

PHOENIX, Oct. 27, 2025 — Xcellerant Ventures and Jetstream Venture Fund today celebrate the announcement of the John Shufeldt School of Medicine and Medical Engineering at Arizona State University (ASU), made possible through a transformational nine-figure gift from Dr. John Shufeldt. The new school, a central part of the ASU Health system, received preliminary accreditation from the Liaison Committee on Medical Education and will welcome its first class in 2026.

Dr. Shufeldt’s gift, one of the largest in ASU’s history, establishes a groundbreaking medical school that unites medicine, engineering, and entrepreneurship. The school will prepare students to earn both an MD and a Master of Science in Medical Engineering, training the next generation of clinician-innovators equipped to transform patient care through technology, leadership, and compassion.

Extending the Mission of Innovation and Access

Building on this legacy of innovation, Jetstream Venture Fund, founded by Dr. Shufeldt under the Xcellerant Ventures umbrella, continues his mission to expand access, this time in venture investing.

“John’s gift to ASU represents the same vision that drives Jetstream,” said Mike Shufeldt, General Partner at Xcellerant Ventures. “He’s creating access, whether it’s access to world-class medical education or access to early-stage investing. Both are about empowering people to participate in the innovations shaping the future.”

Jetstream Venture Fund is one of the first interval funds of its kind, providing early through late stage venture access to investors with a minimum $20,000 investment. Designed for accessibility and flexibility, Jetstream removes almost every barrier associated with traditional VC funds while focusing on historically high-growth sectors including HealthTech, MedTech, and BioTech.

“Through Jetstream, we’re opening the doors to early innovation,” said Dr. John Shufeldt, Portfolio Manager of the Jetstream Venture Fund. “Just as ASU’s new medical school will train physician-engineers to reimagine healthcare, Jetstream allows investors to join in building the next generation of transformative companies.”

A Shared Vision for the Future of Health Innovation

The establishment of the John Shufeldt School of Medicine and Medical Engineering represents a major leap forward for Arizona and for health innovation nationwide. The school will partner closely with HonorHealth and ASU’s ecosystem of colleges, including the Edson College of Nursing and Health Innovation and the College of Health Solutions.

“The connection between ASU Health and Jetstream reflects a unified vision,” said Chris Yoo, PhD, Managing Partner at Xcellerant Ventures. “We’re investing in both the people and the ideas that will reshape how medicine is practiced and delivered.”

As ASU begins to recruit its first class for 2026, Jetstream and Xcellerant Ventures stand ready to back founders emerging from this ecosystem, the next wave of innovators working at the intersection of medicine, engineering, and entrepreneurship.

About Jetstream Venture Fund

Jetstream Venture Fund is an interval fund managed by Xcellerant Ventures and Sweater Industries LLC, that seeks to provide investors access to early-stage, high-growth companies with lower minimums and no carried interest. Jetstream is one of the first funds of its kind, bringing venture-style investing opportunities to a wider professional audience. Back-end administration is provided by Sweater Ventures, a ground-breaking turnkey fund management company. For more information, visit https://www.jvf.vc

Disclosure

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Jetstream Venture Fund (the “Fund”) before investing. The prospectus contains this and other information about the Fund and can be obtained by emailing [email protected] or by visiting the Fund’s website at https://www.jvf.vc. Please read the prospectus carefully before investing.

Media Contact: Dawson Fearnow, MMPR Marketing [email protected]

SOURCE Xcellerant Ventures