Transformation Capital leads round to scale AI-native compliance infrastructure trusted by top Life Science and Fortune 500 companies

CAMBRIDGE, Mass. and VIENNA, Sept. 4, 2025 — Ketryx, the AI-powered compliance platform helping life sciences companies ship safer products faster, today announced a $39 million Series B led by Transformation Capital, with participation from existing investors including Lightspeed Venture Partners, MIT’s E14 Fund, Ubiquity Ventures, and 53 Stations. This latest round brings the company’s total funding to over $55 million, and Vinay Shah, Partner and Founding Team Member at Transformation Capital, will join Ketryx’s board.

Ketryx is solving one of the most difficult challenges in the life sciences: the need to accelerate product innovation without compromising safety or compliance. This challenge is more urgent than ever with teams racing to incorporate AI into regulated workflows and products.

“I’ve spent the last decade at the intersection of AI and life sciences, watching it evolve from an emerging tool to a critical application for patients,” said Erez Kaminski, CEO and founder of Ketryx. “It’s now time to accelerate adoption and ensure AI is safe, reliable, and ready for regulated environments.”

Life sciences teams are struggling to balance rigorous compliance requirements amid the rapidly accelerating pace of innovation. While cloud-based tools and rapidly evolving LLMs are transforming what’s possible, these regulated teams are still operating on infrastructure not designed for this velocity of change.

Ketryx is an AI-native compliance platform built to meet this challenge. It automates validation, traceability, and regulatory workflows—including FDA/EU MDR-ready documentation—across the product development lifecycle to help teams release safer products faster. Customers report up to a 90% reduction in documentation time and over 10x faster release cycles.

“In Medtech, long-term success depends on balancing innovation with the uncompromising demands of safety and compliance,” said Bill Hawkins, former CEO of Medtronic and new Ketryx investor. “This balance has historically been hard to achieve. Ketryx has built the infrastructure that allows both to advance together. Their ability to deliver this level of rigor at true enterprise scale is why I’m proud to support them as they shape the future of regulated software.”

The company’s platform is built for the enterprise and already used by three of the top five global medtech companies, several Fortune 500 organizations, and AI-powered companies such as DeepHealth, Heartflow, and Aignostics. With adoption accelerating, Ketryx is emerging as the key AI infrastructure layer for product development in regulated industries.

“Medtech teams are leading the way in applying artificial intelligence to improve patient outcomes, creating products that meet the highest safety and regulatory standards,” said Vinay Shah, Partner and Founding Team Member at Transformation Capital. “In our diligence, Fortune 500 giants and fast-growing innovators consistently praised Ketryx for proving that compliance can accelerate, rather than slow, technological progress. We believe Ketryx is defining the future of regulated infrastructure across industries and are proud to back them in their next stage of growth.”

Kaminski continued, “Having Transformation Capital, the pre-eminent digital health VC & growth equity firm, as our lead partner, gives us more than just capital. They understand exactly what it takes to build and scale healthcare technology companies. With their backing and industry connections, we’re continuing our global expansion, accelerating our product roadmap, and hiring rapidly in both Boston and Austria.”

With real-time traceability and documentation, Ketryx brings zero-lag compliance to the heart of product development, empowering teams to release more products, more safely, and faster than ever before.

About Ketryx
Ketryx transforms the product lifecycle of life science teams to deliver safer products, faster. Trusted by three of the world’s top five medical device manufacturers, its AI-powered compliance platform overlays existing tools to automate documentation, create traceability, and accelerate release cycles—without disrupting existing workflows. Ketryx AI Agents cut manual work by 90 percent and close compliance gaps, elevating speed and quality across the entire product lifecycle. For more information, visit www.ketryx.com.

SOURCE Ketryx

Platform simplifies the deep research process for AI and data science teams.

CHICAGO, Sept. 4, 2025 — Nimblemind, an AI company built to help healthcare institutions and researchers unlock the full value of their data, announced the launch of NimbleLabs. This latest product is a lightweight AI platform designed to make clinical data enrichment accessible to data science teams, researchers and students. With an intuitive upload-and-enrich workflow, NimbleLabs allows users to convert raw clinical data into structured, analysis-ready outputs – enabling insights in hours instead of months. 

NimbleLabs uses AI to enrich multimodal data in preparation for analysis and modeling. The platform is purpose-built for healthcare institutions and innovators looking to accelerate research, improve data workflows, and experiment with AI-ready datasets without needing to build infrastructure from scratch. NimbleLabs supports commonly used data types in healthcare, such as: unstructured clinical notes, images, videos, streaming wearable data, patient surveys, and more. 

“Healthcare needs AI that is clinically relevant, scalable, and trustworthy. NimbleLabs transforms raw clinical data into AI-ready datasets in hours, not months, empowering researchers and healthcare systems to accelerate discovery and build solutions in areas of medicine that have long been overlooked. This is how we bring AI from the lab to the bedside.”

• Brian Khan, MD, MBA, Medical Director of Digital Health and Well-Being, Internal Medicine Physician, UChicago Medicine AdventHealth

The platform builds on Nimblemind’s mission to help providers and researchers enrich multimodal clinical data with structure, traceability, and context. NimbleLabs harnesses a proprietary AI enrichment engine that provides automated preprocessing, intent detection, and specialty-specific enrichment tuned to real-world healthcare needs.

“We built NimbleLabs to unlock the full potential of healthcare data. By making it faster and easier to prepare datasets for AI, we’re helping providers and researchers spend less time on manual prep and more time delivering new discoveries, better care, and measurable impact.”

• Pi Zonooz, CEO and Co-founder of Nimblemind.ai

The launch follows Nimblemind.ai’s $2.5M seed round earlier this year, led by Bread & Butter Ventures with participation from Great Oaks VC, SpringTime Ventures, Techstars, and others. Nimblemind’s products are used by healthcare organizations across the US and Asia in several specialties, including: palliative care, gastroenterology, pathology, geriatrics, and public health. 

NimbleLabs is available starting today at https://nimblelabs.ai/signup. For a limited time, users can create a free account and immediately begin transforming datasets.

About The Company
Nimblemind.ai helps healthcare organizations curate and enrich multimodal clinical data. Their platform is actively analyzing and transforming health data for customers across the U.S. and Asia. What used to take weeks of manual annotation is now completed in under a week—delivering 10x faster data labeling and dataset prep, and enabling rapid deployment of predictive models and research tools.

The founding team brings deep technical and clinical expertise: their Chief AI Officer has a PhD in Healthcare AI from Yale and previously led data science at NYC Health + Hospitals; their CEO helped build and launch over 40 products at AWS.

Early pilots highlight:

• Powers high performance models (>90% accuracy) in predicting patient outcomes, giving providers time to intervene and avoid relapse or ER utilization.
• 80% reduction in healthcare data scientist’s time spent on preprocessing, profiling, and harmonizing raw datasets, giving staff more time to focus on developing and validating models.
• 20% reduction in operational costs by streamlining workflows traditionally requiring several hours of expert labor – now completed within minutes.

SOURCE Nimblemind.ai

Global investment firm strengthens early-stage presence across the US and Canada to back the next generation of international champions with a first close of $25m

MONTREAL and TORONTO , Sept. 4, 2025 — White Star Capital, the global multi-stage technology investment firm, has announced a first close of $25m for its new North American Seed Fund anchored by the Fonds de solidarité FTQ. The strategy is designed to back high-potential startups from pre-seed through seed stages across the region.

The fund will support early-stage founders building globally scalable solutions across the US and Canada. At a time when the world is being revolutionised by AI and new technologies, White Star Capital is stepping forward with fresh capital, operational support, and a long-term commitment to founders with a bold vision from day one.

“As a Series A and B investor deeply embedded in the New York, Toronto, and Montreal tech ecosystems for the past decade, my colleagues and I have always dreaded having to pass on exceptional founders that were “too early” for us,” said Sanjay Zimmermann, General Partner. “With the strategic support of Fonds de solidarité FTQ, we are thrilled to be in a position to provide North American entrepreneurs with an unfair advantage, even earlier in their journey.”

“Over the past ten years, the Fonds de solidarité FTQ has made direct and indirect venture capital investments totalling $2.7 billion. With this new seed fund from White Star Capital, we are continuing our commitment to emerging companies shaping the economy of the future – an effort reflected as well in our support for Ax.c, the new initiative for Quebec’s tech startups and innovative entrepreneurs,” said Dany Pelletier, Executive Vice-President of Private Equity and Impact Investing at the Fonds de solidarité FTQ.

Other Limited Partners joining the first close include Capital régional et coopératif Desjardins (CRCD), Fonds québécois d’amorçage Teralys financed by La Caisse, and TD Innovation Partners (TDIP), a division of The Toronto-Dominion Bank.

The North American Seed Fund expands on White Star Capital’s decade-long track record of early-stage investing, having already backed more than 100 companies worldwide and generated top-quartile returns across multiple vintages. The new initiative will be co-managed by Sanjay Zimmermann, a long-time investor at the firm, based in Toronto, and Catherine Ouellet-Dupuis, based in Montreal, a veteran operator with experience as Chief Strategy and Corporate Development at Workleap, an IT and HR tech company that scaled to $100m+ in ARR.

“I’m excited to be joining White Star Capital to build a Seed Fund that gives local early-stage companies the backing they need to grow into global champions,” said Catherine Ouellet-Dupuis, General Partner. “Having been through the challenges of scaling a business internationally, I know how valuable it is to have the right people in your corner. With White Star Capital’s global platform, network, and deep market insights, I’m looking forward to working side-by-side with founders and joining a team that’s known for rolling up its sleeves to help them succeed.”

White Star Capital’s seed-stage strategy combines local conviction with global connectivity. Founders in the portfolio gain access to a network of experienced venture partners, advisors, and go-to-market experts across the firm’s hubs in New York, Toronto, Montreal, Austin, Miami, London, Paris, Zurich, the UAE, and Singapore. The fund will write lead investments of $0.5m to $2m, with follow-on capital reserved to support breakout companies through Series A and beyond.

As part of the final close, White Star Capital plans to announce a new General Partner for its new North America Seed Fund based in New York. With the first close now completed, White Star Capital is actively seeking founders across North America building recurring revenue businesses aligned with its macro themes, and encourages bold, ambitious teams to get in touch.

About White Star Capital

White Star Capital is a global technology investment firm partnering with exceptional entrepreneurs building international businesses at scale. Operating across North America, Europe, and Asia, the firm combines deep local relationships with a global platform to help portfolio companies expand internationally and become category leaders.

The firm currently has three active funds in operation: an Early Growth Fund that invests globally in Series A/B companies, a Digital Asset Fund focused on crypto and blockchain-enabled startups, and now a North American Seed Fund.

About the Fonds de solidarité FTQ

The Fonds de solidarité FTQ is a source of pride in Québec, fulfilling its mission through a unique business model created more than 40 years ago. Since then, the Fonds has rallied Québec into action thanks to the retirement savings of over 808,000 shareholders.

With net assets of $21.9 billion as of May 31, 2025, the Fonds supports directly and indirectly thousands of companies through venture and development capital investments based on the belief that the impact of its investments is created as much by financial as societal returns. For more information, visit fondsftq.com or our company page on LinkedIn.

SOURCE White Star Capital

NEW YORK, Sept. 3, 2025 — Utila emerges as the go-to operating system for stablecoins as institutional demand for digital asset infrastructure explodes

Utila has closed a $22 million Series A extension round just six months after announcing its Series A, bringing its total A round to $40 million and nearly tripling the company’s valuation. The extension, led by Red Dot Capital Partners with participation from Nyca, Wing VC, DCG, Cerca Partners, FunFair Ventures and SilverCircle, brings the total funding to more than $51 million and reflects the explosive demand for Utila’s digital asset operations platform as organizations worldwide adopt stablecoins for payments, treasury management and operational workflows.

The rapid-fire extension round materialized without Utila actively seeking capital, as the company received multiple inbound investment offers driven by hypergrowth across all key metrics. With almost all of its original Series A funding still in the bank, the company chose to extend the round to accelerate market capture in the exploding digital asset infrastructure sector.

Since its Series A announcement in March, Utila has seen unprecedented growth driven by mainstream adoption of stablecoins across financial services and more than doubled its customer base. The company now processes over $15 billion in monthly volume and has secured more than $90 billion in total transactions. With hundreds of global institutional customers, Utila has rapidly established itself as the operating system for stablecoins, providing the secure, scalable infrastructure that enterprises need to build, manage and scale digital asset operations.

The Stablecoin Infrastructure Imperative

“We’re witnessing a fundamental shift in how organizations handle value transfer, with stablecoins at the center of this transformation,” said Bentzi Rabi, co-founder and CEO of Utila. “Six months ago, we positioned ourselves for the next wave of digital asset adoption. Today, that wave has arrived, and Utila has become the essential infrastructure layer for any organization working with stablecoins – from global payment providers to stablecoin issuers to financial institutions building next-generation treasury and trading operations.”

The rapid extension round underscores the massive market opportunity as stablecoin adoption accelerates across industries. The first half of 2025 pushed stablecoins deeper into the financial mainstream, with aggregate supply climbing to $252 billion and monthly settlement volumes rising 43% to $1.39 trillion. Payment providers, neobanks and financial institutions are increasingly integrating stablecoins into their core operations, creating unprecedented demand for enterprise-grade infrastructure that can handle the complexity, security and compliance requirements of institutional digital asset operations.

“Utila represents exactly the kind of category-defining company we look to back — one that sits at the intersection of a massive technological shift and clear enterprise demand,” said Atad Peled, Partner at Red Dot Capital Partners. “The stablecoin market is exploding, and organizations need enterprise-grade tools to operate safely and efficiently. Utila’s rapid growth and strong customer traction show they’ve built the platform the market truly needs.”

The Complete Digital Asset Operations Platform

Utila’s platform handles four core functions that address the full spectrum of digital asset operations:

• Stablecoin Operations – Complete infrastructure for stablecoin issuers, payment providers and enterprises integrating stablecoin workflows into their business operations
• Treasury Operations – Secure, policy-driven treasury management for digital assets with granular controls and compliance frameworks
• Trading Operations – Institutional-grade trading infrastructure across centralized exchanges and DeFi protocols
• Business Continuity – Seamless wallet environment mirroring capabilities for mission-critical operations

Built by cryptography and cybersecurity experts, Utila combines military-grade security with the operational flexibility that modern institutions require. The platform features secure enterprise-grade MPC wallets, granular policy controls, robust developer APIs, multi-chain support, payments and tokenization engine, comprehensive integrations to AML providers, exchanges, DeFi, and banking rails, and insurance coverage providing additional protection for institutional assets.

“Most institutional wallet providers are still solving yesterday’s problems: trading connectivity and exchange integrations,” explained Rabi. “The infrastructure requirements for operational use cases are fundamentally different from traditional crypto trading. Organizations need platforms that can handle high-volume transactions, complex compliance workflows and enterprise-grade security – all while maintaining the speed and flexibility that digital assets enable. We provide that complete solution, which is why we are the fastest growing, all-in-one wallet platform in the market today.”

Proven Enterprise Platform with Global Reach

The extension funding will accelerate Utila’s global expansion and product development as the company scales to meet surging demand for digital asset infrastructure. Beyond strengthening its presence in North America and Europe, the company plans to expand aggressively in emerging markets where stablecoins play pivotal roles in financial infrastructure – particularly LATAM, APAC and Africa – as regulatory frameworks in these regions continue to mature.

Utila’s client roster spans the full digital asset ecosystem: payment service providers integrating USDC rails, neobanks building stablecoin products, institutional trading firms accessing DeFi liquidity, and stablecoin issuers managing minting operations and more. This breadth contrasts with point solutions in the market targeting specific use cases.

Utila’s rapid growth trajectory positions the company at the forefront of the institutional digital asset adoption wave. As stablecoins become the backbone of next-generation financial infrastructure, Utila provides the essential operating system that enables organizations to participate securely, efficiently and at scale.

About Utila

Founded in 2022 by Bentzi Rabi (CEO) and Sam Eiderman (CTO), Utila is the secure, all-in-one digital asset operations platform for institutions. Utila enables organizations to securely manage and build on digital assets. Trusted by 200+ global institutions, Utila processes more than $15 billion in monthly volume and has secured over $90 billion in transactions.

Utila has raised more than $50 million in total funding from leading investors including Nyca Partners, Red Dot Capital Partners, Wing VC, NFX, Framework Ventures and DCG, along with prominent angel investors including Balaji Srinivasan, Charlie Songhurst and more.

Users can learn more at https://utila.io/

Media Contact

Montner Tech PR
Deb Montner
[email protected]

Contact

Surya Deepan Elango
Utila
[email protected] 

Photo – https://mma.prnewswire.com/media/2764077/Utila.jpg

SOURCE Utila

Oversubscribed round led by Okapi Venture Capital and Shadow Ventures will fuel product development and hiring as MagicDoor helps owners and operators boost productivity

LAS VEGAS, Sept. 3, 2025 — Most property‑management software was built for large, institutional portfolios. Small landlords and “mom‑and‑pop” operators have been left to cobble together multiple tools for leasing, payments, maintenance and tenant communication. MagicDoor was created to change that.  Its AI‑native platform unifies every operational need – listing vacancies, collecting rent, dispatching maintenance, sourcing vendors and handling compliance – into one system. Landlords tell MagicDoor what needs to get done and the platform does the rest, automatically triaging requests, dispatching the right vendors and updating tenants in their preferred language. One customer described the experience as “like having another team member who never sleeps.”

This real‑world impact is why investors oversubscribed the company’s $4.5 million seed round, co‑led by Okapi Venture Capital and Shadow Ventures with participation from Motley Fool Ventures, VITALIZE Venture Capital and Early Light Ventures. The funding will accelerate product development and hiring as MagicDoor scales to meet demand. The company’s AI‑native, fully integrated approach means it can adopt new AI models as they emerge while remaining “open at the boundaries,” ensuring the platform continually gets smarter over time.

Since launching in late 2024, MagicDoor has seen triple‑digit monthly growth and customers report up to a fivefold productivity improvement.  “Property management is broken for the small operator,” said Kasper Søgaard, Founder and CEO of MagicDoor. “We built MagicDoor so independent landlords can run their entire business from one AI‑powered platform, scale without scaling headcount and deliver a better experience to residents. Our unified platform and technical openness mean we can move as fast as AI itself.”

Jeff Bocan, Managing Director at Okapi Venture Capital, said, “MagicDoor’s approach goes beyond chatbots by actually executing work across systems. That’s why we believe they’re creating a category‑defining platform.” Matt Ohlman, Partner at Shadow Ventures, added, “Owners and operators need solutions that help them do more with less. They simply don’t have the same time to devote as as institutional operators and are living their lives. MagicDoor’s early traction shows they’ve tapped into a real pain point and are delivering measurable results.”

As part of the fundraise, MagicDoor also announced the addition of three new board members: Jeff Bocan (Okapi Ventures), Matt Ohlman (Shadow Ventures), and Tim Sheehan, co‑founder and CEO of Greenlight. “We’re excited to welcome experienced operators and investors to our board,” said Søgaard. “Their guidance will help shape our product and accelerate our growth.”

To learn more about its AI‑powered property‑management platform, visit MagicDoor.com

Contact: 
Kasper Sogaard
[email protected]

SOURCE MagicDoor, Inc

CLEVELAND, Sept. 3, 2025 — The video game buy/sell market is becoming much more convenient and value-add for gamers across the country. GameChanger^® Systems, the first and only patented, fully automated “Instant Video Game Buyback” kiosk, has expanded its consumer reach with kiosks in major markets of Houston, Dallas, Metro DC VA/MD area, Louisville, Portland and northern CA. Many more GameChanger^® kiosk locations are coming across the U.S. where consumers already shop at some of the top grocery store brands.

www.gamechangerkiosk.com offers video game buy/sell opportunity on the spot with immediate value to the gamer in seconds, and at higher video game buyback values, anytime without waiting in line at a local video game store. GameChanger kiosks are a “game store in a kiosk” converting ‘Discs to Dollars.’

GameChanger Systems recently completed a second round Series A Preferred growth capital financing in a 3 tranches based upon important benchmarked milestones. This second round Series A Preferred growth capital financing was a follow-on investment from GameChanger’s existing family office investor, who is very experienced with an extraordinary track record of success in consumer financial transaction operations. GameChanger Systems’ seed round funding provided for the development of disruptive technology, covered by 5 U.S. patents, and the successful initial deployment of kiosks in markets across the U.S. GameChanger Systems is now implementing an aggressive kiosk fleet expansion.

“This Series A round has allowed the opportunity to fine tune our disruptive technology and prepare for expansion into new markets through our existing master enterprise agreements with major grocers and retailers,” said GameChanger CEO Brent Hall. “Our goal is to become the buy/sell brand of choice for all things entertainment media, all in a convenient kiosk without the expense and inconvenience of brick-and-mortar stores.” By using patented disruptive point- of-sale and DOOH technology, GameChanger kiosks can create more spending power for gamer and non-gamer consumers alike. “Our GameChanger kiosks regularly buyback 10-30 video game discs at a time, all in just minutes through our convenient kiosks. And if the consumer is not close to one of our kiosk locations, they can easily buy and sell their video games through our ecommerce site, www.gamechangerkiosk.com.”

With its proven technology and its convenient kiosks in great demand, GameChanger Systems is working toward an expansion financing in order to roll out hundreds more GameChanger kiosks in new markets across the US through GameChanger’s current master enterprise agreements with major grocers, and other future big box retail relationships.

This kiosk rollout expansion will give more shoppers easy access to trade their video game discs, converting ‘Discs to Dollars’ at GameChanger kiosks and online at www.gamechangerkiosk.com. “Our kiosks create convenient, immediately available additional consumer buying power. By using digital egifts as payment, when customers leave our kiosks, they can have instant spendable dollars for their favorite grocer or retailer – or even a MasterCard egift, spendable anywhere.”

Brent Halll CEO noted “Our convenient GameChanger kiosks bring unprecedented and immediate value to both video gamers and parents trying to stretch their budgets. This retail combination provides customers with more money on the spot than they had when they first walked in the grocer or retailer’s door. This will increase the spending opportunity for gaming customers in our retail partners as well as increase store foot traffic.” 

GameChanger Systems is now poised for aggressive growth and ready to bring… Value to the Player!

Frost & Co., a boutique investment banking firm headquartered in Nashville, TN represented GameChanger Systems and arranged the financing. www.frostcollc.com

For More Information, Contact:
Brent C. Hall, CEO
GameChanger Systems
[email protected]
www.gamechangerkiosk.com

SOURCE GameChanger Systems

MCLEAN, Va., Sept. 3, 2025 — ID.me, trusted by more than 152 million users to securely prove their identity online, has raised $340 million across a Series E financing announced today and its recent credit facility, at a valuation exceeding $2 billion. The Series E round was led by Ribbit Capital, with participation from existing investors Ares Credit funds and Moonshots Capital, as well as new investors, including Positive Sum. This funding will accelerate ID.me’s mission to expand access to secure, reusable digital identity and to stop AI-driven fraud.

Fraud is now both a financial and national security crisis. Between 2018 and 2022, the U.S. government lost up to $521 billion annually to fraud, according to the GAO. Organized criminal networks in Russia, China, and Nigeria have stolen billions in pandemic relief funds, while North Korean actors increasingly target U.S. companies using stolen identities. Fraudsters are now weaponizing AI tools like deepfakes to exploit vulnerabilities faster than ever. Defeating them requires equally advanced, rapidly deployed solutions.

ID.me is at the forefront of this fight. Seven states credited ID.me with preventing more than $270 billion in unemployment fraud during the pandemic. After the Virginia Employment Commission introduced ID.me in 2024, digital claims rose by 173% while call center volume fell by 57%—streamlining access for claimants and reducing operational strain for the agency.   

“Fraud is evolving at the speed of AI—and so are we,” said Blake Hall, Founder and CEO of ID.me. “Secure identity is foundational to AI ecosystems that will depend on memory, context, and authentication, and ID.me is leading the charge. This funding strengthens our ability to expand secure digital access, protect privacy, and innovate faster to stay ahead of criminal networks.”

This milestone underscores ID.me’s rapid growth as a trusted digital wallet. In 2024 alone, ID.me added 20.4 million new wallets—over 55,000 each day—and powered more than 409 million successful logins—a 44% increase year-over-year.  

With unmatched reach and a proven ability to deliver measurable impact, ID.me serves:

• 152 million users, representing nearly 60% of U.S. adults
• 76 million verified to federal IAL2 standards
• 20 federal agencies and 45 state agencies
• 70+ healthcare organizations
• 600+ leading consumer brands
• 500+ US employers 

“We believe the AI revolution will reshape the global economy, and identity will be its foundation,” said Justin Saslaw, General Partner at Ribbit Capital. “As AI agents become ubiquitous, trusted identity tokens will enable secure, seamless interactions between people, organizations, and machines. ID.me has built one of the most advanced and widely adopted digital identity wallets in the world, giving it a durable advantage in creating and scaling the identity tokens that will power this new era. We’re excited to partner with Blake and the ID.me team as they expand their leadership in the token-driven AI economy.”

“As AI reshapes the economy and new fraud risks emerge, we believe ID.me’s digital identity wallet will become even more essential in enabling secure connections between large organizations and their users, while also minimizing friction and improving the end-user experience,” said John Clark of Ares Management. “Ares is proud to continue supporting ID.me in its next phase of growth.”

About ID.me

ID.me is the next-generation digital identity wallet that simplifies how individuals securely prove their identity online. Consumers can verify their identity with ID.me once and seamlessly sign-in across websites without having to create a new sign-in and verify their identity again. Over 152 million users experience streamlined sign-in and identity verification with ID.me at 20 federal agencies, 45 state government agencies, and more than 70 healthcare organizations. More than 600 consumer brands use ID.me to verify communities and user segments to honor service and build more authentic relationships. ID.me’s technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. ID.me is committed to “No Identity Left Behind” to enable all people to have a secure digital identity. To learn more, visit https://network.id.me/.

SOURCE ID.me, Inc.

NEW YORK, Sept. 3, 2025 — Shine Capital, an early-stage venture capital firm, today announced the promotion of Ethan Daly to the role of General Partner. Ethan joined the firm in 2020 as its first hire and has been an integral member of the team ever since. He will continue to lead investments and serve as a board director of portfolio companies on behalf of Shine. He will remain based in the firm’s New York City office.

“Ethan embodies Shine’s ethos. He fully immerses himself in technology and culture, is well-respected in the entrepreneurial and creative communities, and is of unflinching loyalty and integrity. He has a deliberate yet easy way with people, which enables him to strike a terrific balance with founders,” said Mo Koyfman, founder and General Partner of Shine Capital. “Deeply complementary to Alex and me, Ethan has his finger on the pulse of the latest consumer trends, and is equally thoughtful in crypto as he is in artificial intelligence. It is my distinct privilege to recognize Ethan’s accomplishments with his promotion to General Partner.”

“I am honored to become a General Partner at Shine. I have been on this journey since day one, and I can’t wait to see where we are in a decade,” said Ethan Daly, General Partner at Shine Capital. “Shine has given me the platform to do what I love — be a loyal partner to singular entrepreneurs, innovating at the intersection of technology and culture. Building the firm with Alex and Mo is a privilege, and this just further cements our partnership. I am incredibly excited for Shine’s future.”

ABOUT SHINE CAPITAL

Shine Capital is an early-stage venture capital firm that partners with creative, convincing, relentless entrepreneurs to build iconic businesses. Shine manages over $600 million across three early-stage funds and one opportunity fund, and maintains offices in New York and San Francisco. We are lateralist investors who believe that novel opportunities emerge from the dynamic intersections of technology, markets, and culture. We lead inception, seed, and series A financings. Our team is an eclectic composition of talents and backgrounds. While we bring deep expertise across many traditional investing verticals, our strength lies in being aligned strategic partners, both in spirit and in practice.

CONTACT

Joe Quenqua
[email protected]

SOURCE Shine Capital

WALTHAM, Mass., Sept. 3, 2025 — Mercy BioAnalytics, Inc., a pioneer in extracellular vesicle-based liquid biopsies for the early detection of cancer, today announced the closing of a $59 million series B financing. The round was co-led by Novalis and Sozo Ventures, with participation from Perceptive Xontogeny Venture Fund, American Cancer Society BrightEdge and iSelect Fund, as well as funds committed to women’s health and leadership including Portfolia, Avestria Ventures, and Mindshift Capital. The round also included significant participation from strategic investors including Hologic, Bruker Scientific, and Labcorp.

Coincident with the financing, Mercy is pleased to welcome Rob Freelen to the Board of Directors. A Managing Director and investment partner at Sozo Ventures, Mr. Freelen brings a wealth of experience as a seasoned Director, successful entrepreneur and former executive at Silicon Valley Bank. “Sozo is proud to co-lead this round and help usher in a new generation of cancer diagnostics with the potential to save lives at scale.”

The financing will support the commercialization of Mercy’s blood-based ovarian cancer test portfolio, designed to detect ovarian cancer at earlier, more treatable stages across multiple indications. The Mercy Halo ovarian cancer screening test exhibits unprecedented sensitivity and specificity for the detection of pre-clinical high grade serous ovarian carcinoma in post-menopausal women based on a blinded evaluation of samples from a randomized controlled trial.

The funds will additionally enable the expansion of the Mercy Halo portfolio, including multi-cancer and lung cancer screening tests.

“This financing accelerates our efforts to bring transformative early cancer detection tests to patients and providers,” said Dawn Mattoon, Ph.D., Chief Executive Officer of Mercy. “We are grateful for the support of our investors and proud to partner with those who share our mission to save lives and relieve suffering through the early detection of cancer.”

“We believe Mercy is building one of the most promising early detection platforms in oncology,” said Paul Meister, Partner at Novalis. “Their technology addresses a critical gap in current cancer screening, and we’re excited to support the team as they continue to deliver on critical regulatory, clinical, and commercial milestones.”

About Mercy BioAnalytics

Mercy BioAnalytics, Inc. is on a mission to relieve suffering and save lives through the early detection of cancer. Early-stage cancer is difficult to detect, but when found, is more often amenable to curative therapy. The patented Mercy Halo™ liquid biopsy platform utilizes biomarker co-localization to interrogate highly abundant, blood-based extracellular vesicles that carry unique cancer signatures from their cell of origin. The Mercy Halo platform is designed to detect early-stage cancer, when it is most treatable, and enhance the quality of life for cancer patients and their families. Mercy’s initial focus is the early detection of ovarian and lung cancers. Ovarian cancer, the most lethal gynecological cancer, typically goes undetected until it is too late to cure. Lung cancer, the number one cancer killer globally, takes more lives than breast and prostate cancers combined.

Contact: Josh Gralapp, [email protected]

SOURCE Mercy BioAnalytics