PALO ALTO, Calif., April 30, 2026 — True Global Ventures (TGV), an international venture capital firm, today announced it has significantly increased its investment in Prezent, nearly doubling its position through a secondary transaction. The investment underscores TGV’s continued confidence in Prezent’s execution, market positioning, and long-term profitable growth trajectory.
The announcement comes alongside the launch of Prezent Vivo, a new offering that fuses purpose-built artificial intelligence with expert services to deliver enterprise communication outcomes, with a clear focus on the Life Sciences industry.
Today, Prezent has grown +200% ARR YoY, in a scale up phase, and is trusted by more than 150 Life Sciences organizations, including 45 of the world’s leading biopharma companies. With over 5 million deliverables completed across the sector, the company continues to earn trust year after year, one deliverable at a time.
Prezent Vivo represents a strategic evolution integrating AI technology with domain expertise to address the growing demand for outcome-driven solutions in complex, regulated industries. The platform is designed to enhance how enterprises create, deliver, and act on critical business communications.
“Prezent Vivo fuses purpose-built AI and human expertise in one integrated experience – for BioPharma and the Agencies that serve them” said Rajat Mishra, CEO of Prezent. “Life Sciences companies don’t have to choose between fast, scientifically rigorous and cost-effective anymore – with Vivo you get all three.“
TGV believes this model reflects a broader shift across the AI landscape, where value creation increasingly depends on the integration of technology, services, and domain-specific intelligence.
“We believe the most powerful AI models are those that combine technology and services,” said Frank Desvignes, Founding Partner of True Global Ventures. “This creates a compounding dynamic where each interaction strengthens the system, deepens the data advantage, and ultimately delivers more meaningful outcomes for customers, particularly in complex sectors such as Life Sciences.“
With strong momentum and the launch of Vivo, Prezent is entering a new phase of growth, further strengthening its position in AI-powered business communication for Life Sciences and other enterprise sectors.
About True Global Ventures (TGV) True Global Ventures (TGV) is a global venture capital firm investing in post-revenue, AI-first companies in California at early stage including AI application companies that may incorporate blockchain technology. TGV’s current portfolio includes Prezent, Forge Global, Obligo, COVU, Ledger, Animoca Brands, Jus Mundi, Coding Giants, BookitnGo, and many others. The majority of portfolio companies are based in the U.S. or expanding into the U.S. market.
With a global presence across San Francisco, New York, Paris, London, Stockholm, Dubai, Singapore, and Hong Kong, TGV backs visionary founders building the next generation of transformative technology companies.
Dyad, the world’s first-to-market agentic AI platform for hardware engineering, brings physical AI to complex systems design and testing, compressing R&D time from months to mere days.
CAMBRIDGE, Mass., April 30, 2026 — Today, JuliaHub announces the launch of Dyad 3.0 and a $65M series B funding round led by Dorilton Capital, with participation from General Catalyst, AE Ventures, and technology investor and former Snowflake CEO Bob Muglia. Dyad marks a fundamental shift in how physical systems are designed and built, bringing autonomous AI agents into the digital design and testing of industrial machines. From heat pumps to satellites to semiconductors, engineering teams can compress cycles of design, testing, and building from months to minutes. Several Fortune 100 companies are already leveraging Dyad and Julia across several industrial sectors such as aerospace, government, automotive, HVAC, and utilities.
Agent-created, live running dashboard of a model: Agent-created interactive, live simulation dashboard of a satellite’s photovoltaic power system along with orbit simulation. Model and dashboard both created with the Dyad platform, without needing to switch tools.
Cooling circuit in a typical data center: Cooling circuit models are used to size the chiller, study its performance under typical load or to tune the control system. The agent is able to construct and run various load profiles, to assess the controller’s performance.
Daniel Freeman, who led the Series B round for Dorilton Capital, commented: “Systems modeling is one of the most strategically important layers of the AI-native engineering stack, because it is where physics, control logic, and AI converge. JuliaHub has built something extraordinary with Dyad: a platform that doesn’t just model systems, but compiles them, taking engineers from concept to production control code in a single environment. We believe JuliaHub has the potential to become one of the defining companies in Physical AI, and we’re proud to back the team as they accelerate Dyad’s path to market.”
‘The hard problem’ of hardware innovation
Physical engineering represents one of the largest sectors yet to fully benefit from the AI revolution. While tools like Claude Code, Codex, and Gemini have transformed software development, industrial engineers have remained constrained by legacy tools. McKinsey estimates that a cumulative $106 trillion in investment will be necessary through 2040 to meet the need for new and updated infrastructure. The engineers planning and building these updates need a solution that allows them to move at the pace of AI-enhanced software. That’s where Dyad comes in.
Dyad gives engineering teams an AI-first environment to model, test and validate industrial systems: think Claude Code for the physical world. Dyad 3.0 launches today and builds on Dyad 1.0, which launched in June 2025, and Dyad 2.0, which launched in December 2025. Dyad connects autonomous agents with scalable physics simulations, rigorous controls, safety analysis, and the ability to generate code for embedded systems to bridge the gap between software and the real world. Whether it’s a wastewater facility or an automobile, a scientific PhD is no longer required to develop highly detailed digital twins, tweak controllers for specialized deployment scenarios, and iterate on hardware designs to build the most efficient machine right the first time.
“It’s not about helping engineers complete one small task at a time. It’s agentic engineering at scale, where teams can feed a full specification to Dyad and have it design the complete system. Spec in. Design out,” said Viral Shah, CEO of JuliaHub.
Digital Twins with Scientific Machine Learning
Dyad’s cloud-based agents are designed to continuously scan through the world’s scientific knowledge to constantly improve models. AI-automated lab testing is growing to ensure models match physical reality. Streaming data mixed with Scientific Machine Learning (SciML) makes it possible for models to automatically grow as the system learns from the real world. Dyad’s simulation ecosystem and language offer a foundation on which all of these learnings are relayed back to engineers to check the processes, determine whether assumptions match customer requirements, and be the human in the loop that ensures the safety of the final product. Dyad’s design means engineers do not have to write every line of code in order to try millions of designs while giving engineers the right tools to make sure planes stay in the sky.
Prith Banerjee, Senior Vice President of Innovation at Synopsys commenting on the partnership with JuliaHub says, “Dyad is transforming system-level engineering by combining scientific AI, agentic modeling, and a powerful compilation pipeline into a unified workflow. Integrated with Synopsys simulation software Ansys TwinAI™, it enables high fidelity hybrid digital twins by integrating physics-based simulation with data-driven models. What once required extensive manual effort can now be done far more efficiently, accelerating the entire digital engineering lifecycle and redefining how intelligent, software-defined systems are designed and validated.”
Dyad to implement AI for Science in the real world
General-purpose AI cannot guarantee that a model obeys the laws of physics. In physical engineering, an error is not a bug to be patched; it’s a bridge collapse or a battery fire. This has been the barrier blocking AI from playing a meaningful role in hardware engineering, until now. In recent agentic benchmarking for chemical process modeling, general LLM systems such as Codex, Claude Code (Opus), and Gemini barely completed the initial setup. Dyad almost entirely automated the whole process of creating model-predictive controllers to optimize yields of a chemical plant, a task that would typically take weeks.
“There is a disruptive transition occurring in engineering system design software, and Dyad is on the cutting edge. Previous generations of tools do not provide the promised productivity, or integration to unlock the value of AI. With Dyad, you can model the physics, develop control algorithms with auto code generation, and create accurate digital twins and surrogates for rapid development of deep learning inference models, all enabled by AI. Dyad operates where physics meets analytics, and customers and shareholders win!” said David Joyce, former CEO of GE Aviation and Vice Chair of GE.
Dyad’s modeling language is purpose-built to be easy for AI agents to understand. Its foundational logic is grounded in the laws of physics, allowing its agents to reason about how fluids move through machines, how wind speed and temperature affect components, and how fundamental forces like gravity shape design. This produces physically valid models that engineers can trust. For instance, in partnership with Binnies, a company with a 100-year heritage in water management, and Williams Grand Prix Technologies, JuliaHub developed a SciML–powered digital twin that uses just four sensor inputs to predict pump faults in water distribution systems with over 90% accuracy.
“Dyad represents a step-change for the water industry, enabling a move from reactive operations to predictive, system-level decision making,” said Tom Ray, Director of Digital Products & Services (Digital Twins & AI) at Binnies. “It has the potential to transform how companies model real-world complexity, predict failure, and optimize performance every day.”
Join us for the Dyad 3.0 Launch event
Dyad 3.0 will be officially unveiled at a live event next month on May 19. Join us to see live product demonstrations and hear from our customers on how they use Dyad across industries ranging from Aerospace to HVAC to utilities to Robotics.
For more information and media inquiries, contact: [email protected]
About JuliaHub
JuliaHub is a leader in Scientific AI, and its mission is to empower those tackling the world’s toughest scientific and technical challenges with cutting-edge AI-first tools in a seamless, secure environment. The company was founded in 2015 by the creators of Julia, the high-performance open-source language developed at MIT and now used by over a million developers worldwide. JuliaHub combines advanced mathematical computing and machine learning expertise to enable Scientific Machine Learning (SciML) techniques, Digital Twin solutions, and next-generation modeling and simulation in aerospace, automotive and other industrial verticals.
Financing led by Elda River Capital Management, LLC (“Elda River”) and Eagle Point Credit Management LLC (“Eagle Point”) advances previously announced plant development.
DANVILLE, Va., April 30, 2026 — Microporous, a leading manufacturer of advanced battery separators and a portfolio company of Trent Capital Partners, today announced it has secured funding for its Danville, VA manufacturing facility. Financing is being provided by Trent, Eagle Point and Elda River. With comprehensive financing now in place, construction on the new plant is set to begin imminently.
The Danville facility will produce battery separators for lithium-ion batteries and, at full capacity, is expected to support approximately 65 gigawatt-hours (GWh) of battery production annually. The investment marks a critical step in expanding Microporous’ ability to serve the rapidly growing demand for energy storage solutions across automotive, industrial, and grid applications.
“This is a pivotal milestone for Microporous as we move from planning into execution,” said John Reeves, CEO of Microporous. “With the support of Trent, Eagle Point and Elda River, we are accelerating our expansion and strengthening our ability to deliver high-performance separator solutions for the lithium-ion battery market.”
The new facility, which was previously announced, will significantly enhance Microporous’ manufacturing footprint and is expected to contribute to regional economic development through job creation and long-term investment.
Ray Desrocher, Managing Partner of Trent Capital Partners added: “We are thrilled to support the next phase of Microporous’ growth and for its continued expansion of lithium-ion separator production here in the U.S. A significant augmentation of the company’s existing lithium-ion separator production capacity in Piney Flats, TN will position Microporous to serve this exploding market for years to come. We are pleased to partner with Eagle Point and Elda River and look forward to the start of construction.”
“Eagle Point is thrilled to partner with Microporous to support this significant expansion of the company’s battery separator manufacturing capabilities,” said Jennifer Powers, Principal and Head of Infrastructure Credit at Eagle Point. “Our partnership with Microporous places Eagle Point at the forefront of financing critical supply chain resilience in the energy ecosystem. Microporous’ deep operating history, experienced team and established market position made this a compelling opportunity for our energy-transition focused infrastructure business.”
“We are excited to support Microporous as they launch this new chapter in the company’s more than 90 year history,” said Craig Rohr, Partner and Co-Founder at Elda River. “Establishing a state-of-the-art facility in Danville represents a significant advancement in re-shoring critical battery component production and contributing to the revitalization of U.S. industrial capabilities. We are proud to back a business that is driving innovation, job creation and energy security in the United States.”
Construction is expected to begin May, 2026 with additional project details to be shared as development progresses.
About Microporous Microporous is a global leader in the manufacturing of battery separators. Serving industries include automotive, industrial, and energy storage. The company is committed to advancing battery technology through high-performance, reliable separator solutions. Microporous maintains production facilities in Piney Flats, TN, Feistritz, Austria, and soon in Danville, VA.
About Trent Capital Partners
Trent Capital Partners was established in 2010 to invest in businesses where superior execution can generate superior returns. The firm believes that return on capital employed in a business is, above all else, the primary driver of value, and thereby, equity returns. Trent Capital Partners seeks to deploy capital in unique, asymmetric opportunities suited to growth, typically through a combination of market-driven and operationally-driven dynamics.
About Eagle Point Credit Management
Eagle Point® is an investment manager focused on private credit strategies in inefficient markets, including Portfolio Debt Securities, Regulatory Capital Relief transactions, Infrastructure Credit, Strategic Credit investments, Specialty Finance and CLO securities. Founded by Thomas Majewski in partnership with Stone Point Capital in 2012, Eagle Point manages $14 billion on behalf of institutional and retail investors and has over 120 professionals. Please visit www.EaglePointCredit.com for more information.
About Elda River
Elda River Capital is a real assets investment firm focused on energy and energy infrastructure opportunities. The Elda River team has a long history of partnering with exceptional management teams to create value for its stakeholders. Since inception, Elda River has committed over $7.3 billion of capital across more than 74 completed investments. Elda River is headquartered in Houston, Texas with an additional office in Chicago, Illinois. Visit www.eldariver.com for more information.
Record-setting Utah financing will accelerate the development of a commerce platform unifying payments, risk and data into a single system of record
OREM, Utah, April 30, 2026 — pmtbox, the Enterprise Commerce Platform (ECP) built to unify payments, risk, and data for merchants, today announced $15 million in Seed Funding. Led by Tandem Ventures, with participation from Element Ventures, Cynosure Investment Partners, and Aaron Skonnard (Founder & CEO, Pluralsight), this marks Utah’s largest reported seed round in the last decade.
For years, merchants have been forced to operate across a fragmented web of vendors, tools, and siloed data streams, with no single point of accountability. This patchwork infrastructure drives up costs, complicates risk controls, and prevents operators from fully leveraging their own data. pmtbox was built to eliminate that fragmentation and put control back in the hands of the merchant.
“Commerce has advanced, but the infrastructure behind it is still fragmented, expensive, and misaligned with the needs of merchants,” said Wayne Hamilton, CEO and Co-Founder of pmtbox. “The industry built around point solutions that solve individual problems, but collectively they created complexity, siloed data, and a lack of accountability. We believe merchants should own their data and fully understand their economics. pmtbox unifies payments, risk, and data into a single commerce layer; giving operators the control and leverage they’ve been missing.”
Ultimately, this gives merchants — including the approximately 1,300 customers pmtbox already serves — total control over their data, reducing the true cost of payments. While lowering implicit payment fees is an important first step, the most significant costs are hidden deeper within the business. By unifying the commerce stack, pmtbox allows operators to tackle these larger expenses head-on: preventing fraud, minimizing chargebacks, eliminating manual dispute resolution, and ensuring customer acquisition dollars actually convert at checkout.
“In building Divvy, I have seen first-hand the fragmentation and inefficiency of the underlying financial infrastructure that supports commerce,” said Alex Bean, Founding Partner at Tandem. “What I believe is unique at pmtbox is the team’s deep operator DNA – decades of experience across payments, risk, and scaling commerce businesses. They are not just attacking a surface-level problem; they are rebuilding a critical layer of the commerce infrastructure that mirrors how businesses are run today.”
Supplemental to expanding the company’s commerce architecture, the funding will be used to expand pmtbox’s engineering, risk and enterprise teams while accelerating enterprise go-to-market efforts across verticals where commerce complexity is highest. In addition to the capital milestone, Alex Bean joins the pmtbox board of directors, and Nick Thomas, founder of Finicity, also joins as an independent director. These additions bring two of Utah’s most successful fintech founders to help guide pmtbox’s next phase of growth.
To start unifying your commerce stack, please visit: pmtbox.com.
About pmtbox pmtbox is a unified commerce platform that puts data and control back in the hands of merchants. By consolidating payments, risk intelligence, and transaction data into a single layer, it eliminates the fragmentation of legacy point solutions and gives operators full visibility into their true economics. Founded on the principle that infrastructure should strengthen merchant leverage rather than create dependency, pmtbox serves approximately 1,300 customers across industries where commerce complexity is highest. For more information, visit pmtbox.com.
New Investors to Support Expansion of the Platform into Europe, Private Credit and Data Analytics
NEW YORK, April 30, 2026 — Versana today announced the close of a $43 million capital raise led by BNP Paribas, with new strategic investments from Fitch Ventures, MassMutual Ventures, Motive Partners andApollo. Existing shareholders Bank of America, Barclays, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley, U.S. Bancorp and Wells Fargo also made follow-on investments in continued support of the company’s future growth. With this latest financing, Versana has raised over $125 million across multiple funding rounds, further advancing the digital transformation of the $9 trillion broadly syndicated loan (BSL) and private credit markets.
Lead investor BNP Paribas has made a strategic investment in the platform, further supporting Versana’s continued global expansion and growth. This investment underscores the increasing demand for modern digital infrastructure across the loan markets and reinforces Versana’s position as a leading industry platform.
Fitch Ventures, the corporate venture arm of Fitch Group, a leading provider of credit ratings, market research, data and analytics, has joined Versana as a key strategic investor to help expand its product-market fit into the pre-trade, credit decision-making process valued by portfolio managers and credit analysts.
Apollo joins as a strategic investor, supporting the continued expansion of Versana’s capabilities across its product suite. In addition, Apollo’s participation further strengthens Versana’s connectivity with the buyside and advances the digital innovation of the loan market ecosystem.
“We’re thrilled that BNP Paribas, Fitch Ventures, MassMutual Ventures, Motive Partners and Apollo have joined as strategic financing partners,” said Cynthia Sachs, Founding CEO of Versana. “This is truly a landmark moment, reflecting clear alignment across two very similar asset classes, BSL and private credit, and the need for modern digital infrastructure and data on one centralized platform. Together, with ongoing support from our existing investors, these new commitments strengthen our global position to accelerate platform growth, product innovation and digital data expansion.”
Commentary from New Investors:
“BNP Paribas is proud to lead this investment and join Versana as a strategic partner,” said Matthew Salvner, Head of Global Banking Americas at BNP Paribas. “Versana is digitally transforming the broadly syndicated loan market at scale in the U.S. and Europe, and we look forward to working with our peers to accelerate the modernization of these global loan markets.”
“Fitch is excited to partner with Versana to support greater efficiency and transparency in the broadly syndicated loan market,” said Steven Miller, Managing Director at Fitch. “We see meaningful opportunity to connect our complementary datasets to provide a more comprehensive and consistent view across loan data, including books and records, terms and conditions, covenants and related commentary.”
“MassMutual Ventures is pleased to back Versana as an investor, building on Barings’ relationship with Versana as a subscriber,” said Eric Emmons, Managing Partner at MassMutual Ventures. “As BSL and private credit continue to scale, the need for accurate, standardized, accessible and transparent real-time data has never been greater. Versana is well-positioned to meet this need, and we support the continued evolution of the asset class.”
“We believe in Versana’s mission to modernize the broadly syndicated loan market,” said Jennifer Lin, Managing Director at Apollo. “Improving transparency and efficiency in BSL operations is important for the entire market, and we look forward to partnering with Versana as the platform continues to grow.”
This capital raise underscores Versana’s continued momentum to digitally modernize the global loan markets. In 2025, the company introduced its Versana Reconciliation Module and a first-of-its-kind cashless roll solution linking an amended facility to its original facility. Active facility coverage now exceeds $4.1 trillion in notional value, demonstrating Versana’s progress and reinforcing its commitment to transform the investment-grade and leveraged loan markets.
About Versana
Versana is an industry-backed enterprise data and digital infrastructure company transforming the broadly syndicated loan and private credit markets. By digitally capturing agents’ loan data on a real-time basis from golden-source ledgers, Versana provides unprecedented transparency into global loan level details and lender portfolio positions, bringing efficiency and velocity to the entire asset class. Through its centralized platform, participants can rest assured they are accessing the loan market’s most credible source of deal information. With the support of its investors, Versana has become the data provider of choice to usher in the long-awaited modernization of the $9 trillion loan market. For more information, visit versana.io.
Financing Supported by Leading Strategic and Institutional Investors to Accelerate Critical Mineral Processing & Domestic Uranium Recovery
CASPER, Wyo., Apr. 30, 2026 — DISA Technologies Inc. (DISA), a company pioneering high-impact solutions for mineral processing, domestic uranium remediation and resource recovery, has closed a $33 million strategic financing led by Galvanize and supported by BHP Ventures.
“This financing marks a key milestone in DISA’s growth as a platform for critical mineral processing and domestic uranium remediation,” said Greyson Buckingham, CEO and Co-Founder of DISA. “With the support of Galvanize, BHP Ventures, and our existing investors, we are accelerating commercialization and scaling deployment of our technology to meet a growing national need.”
“Critical minerals are a foundational constraint on both energy security and industrial competitiveness,” said Cliff Ryan, Co-Head of Venture and Growth at Galvanize. “DISA’s technology stands out for its ability to unlock value from both existing operations and legacy assets, and to do so with speed and efficiency. We’re excited to support the team as they scale deployment.”
“DISA Technologies’ HPSA approach to processing critical minerals across mining and remediation sites is designed for broad deployment,” said Laurel Buckner, VP of New Business Ventures at BHP. “As operating costs increase across the supply chain and global demand continues to grow, we see the opportunity for critical minerals recovery to unlock future value.”
Key existing investors including Evok Innovations, Constellation Energy, Halliburton Labs, Valor Equity Partners, and Veriten continued their participation in the round. With this financing, DISA has raised approximately $83 million to date, backed by a diverse group of strategic and institutional investors with deep experience across mining, energy, and industrial technology. DISA’s patented High-Pressure Slurry Ablation (HPSA™) technology is designed to unlock value across both modern mineral processing and legacy uranium remediation, delivering a cleaner, faster, and more efficient method to liberate minerals.
The company is scaling deployment across mining operations and Abandoned Uranium Mine (AUM) remediation projects, with commercial units installed at several global sites and over 100 AUM sites secured under contract to date.
In September 2025, DISA was issued a first-of-its-kind NRC license, enabling access to remediate AUM sites across the nation. The company expects to commence remediation projects later this year, including on the Navajo Nation and at a federal site under its NRC license.
The participation of both new and existing investors underscores strong alignment around DISA’s strategy to address critical mineral supply chain challenges and unlock value from legacy uranium assets. Insider participation from Evok, Constellation Energy, Halliburton Labs, Valor Equity Partners, and Veriten reflects continued conviction in DISA’s growth trajectory and technology platform.
DISA has achieved significant technical and commercial milestones over the past 12 months, including advancing regulatory pathways, adding multiple strategic investors, commissioning commercial-scale HPSA™ units across multiple mining applications, and continuing to scale its uranium remediation and recovery platform.
For more information about DISA and its solutions, please visit www.disatech.com.
About DISA Technologies
Founded in 2018, DISA Technologies is revolutionizing mineral recovery with our patented High-Pressure Slurry Ablation (HPSA™) technology—an innovative solution that upgrades critical minerals from mined ore and legacy waste. Serving both the mining and remediation sectors, we recover valuable resources that power industry, strengthen energy independence and restore contaminated sites to productive use. DISA’s technology unlocks economic and environmental value, transforming how the world processes, remediates and recycles essential mineral assets. DISA is headquartered inCasper, Wyoming, with a satellite office in Westminster, Colorado.
About Galvanize
Galvanize is a global asset manager investing at the intersection of energy innovation, resilience, and intelligence. The firm deploys capital across seed, venture, growth, public equities, credit, and real estate, combining investment expertise with deep in-house capabilities in technology, policy, and markets. Galvanize is structured to rapidly identify and execute on investment opportunities created by the energy transition, across all sectors of the economy.
About BHP Ventures
BHP Ventures is the in-house venture capital arm of BHP Group Limited. The fund invests in breakthrough technologies, shaping the future of BHP and the global resources industry. BHP Ventures complements the innovation already underway within BHP by enabling new partnerships and creating opportunities to strengthen the company’s portfolio and lower emissions. BHP is a global resources company that produces essential commodities the world needs, including iron ore, copper, steelmaking coal – and soon potash. With operations and projects in over 90 countries around the world, BHP is the world’s largest copper producer.
Firm backs enduring tech leaders – including Anduril, Gusto, Ramp, SpaceX – through longer private lifecycles
SAN FRANCISCO, April 30, 2026 — 137 Ventures, a growth-stage venture firm backing companies including Anduril, Gusto, Ramp and SpaceX, today announced the close of over $700 million across two new funds, bringing total assets under management to more than $15 billion. The raise marks a significant step in the continued scaling of 137 Ventures’ platform, designed to invest in technology companies with the potential for significant market impact across their entire growth lifecycle.
“137 invests in category-defining technology companies with the potential to become enduring long-term compounders and market leaders,” said Justin Fishner-Wolfson, Founder and Managing Partner at 137 Ventures. “The next generation of iconic companies will take shape over longer time horizons and with greater complexity. Supporting them requires a different kind of capital – more flexible and designed for decades. That’s what we’re building at 137.”
Over the past 12 months, 137 Ventures has deployed more than $1.7 billion, continuing to concentrate capital in select opportunities. Recent investments include Cognition, Impulse Space, Hadrian, and Physical Intelligence – companies operating at the frontier of AI, defense, and advanced industrial systems.
Alongside its platform expansion, 137 Ventures continues to invest in its team and capabilities. Recent additions and promotions include:
Ashley Steinberg, Head of Strategic Initiatives (formerly of The Boring Company)
Lindsay Searer, Head of Fund Strategies (formerly of Pathstone)
James Pardee, Partner (promotion)
Fishner-Wolfson continued, “As we’ve scaled the platform, we’ve been equally focused on building the team and capabilities required to support it. This fund reflects not just the opportunity we see in the market, but the people we’ve brought together to execute on it – combining deep investment experience with the flexibility to structure solutions that meet companies where they are.”
ABOUT 137 VENTURES
137 Ventures is a growth-stage venture capital firm that partners with generational technology companies and their founders across their entire growth lifecycle. Justin Fishner-Wolfson and S. Alexander Jacobson started 137 Ventures in 2010 after meeting at Founders Fund. Since its inception, the firm has raised nine institutional funds and several other dedicated investment strategies and vehicles, bringing total assets under management to over $15 billion as of March 2026. More about 137 Ventures, including a list of its portfolio companies, can be found on its website.
ABU DHABI, UAE, April 30, 2026 — Hashed Global Management Limited (HGML), an entity within the Hashed global venture capital group (“the Group”, “Hashed”), has obtained a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi.
With this permission, HGML is authorized to conduct regulated financial activities in or from ADGM, including advising on investments or credits, arranging investment deals, managing assets, and collective investment funds.
ADGM recognition for its progressive regulatory framework in fintech, digital assets, and emerging financial technologies. Leveraging this, the Group plans to position ADGM as its official base for institutional operations across the UAE/GCC region, strengthening connections between its global capital network and local institutional investors.
Through ADGM, Hashed plans to strengthen its role as a strategic bridge between the UAE/GCC and innovation networks anchored in Korea and Asia. It will deepen investment connectivity, expand cross-border partnerships, and support long-term collaboration between regional capital and globally connected founders and ecosystems.
Simon Kim, CEO of Hashed, stated, “Abu Dhabi is a city at the forefront of global digital financial infrastructure. Establishing an official business foundation under ADGM’s regulatory framework reflects Hashed’s commitment to building a trust-based business in this region for the long term.”
Seokwon Hong, Licensed Director and Senior Executive Officer at HGML , added, “This permission lays the groundwork for HGML to collaborate with Middle Eastern institutional investors within a regulated environment. Through our partnership with ADGM, we will work together to help shape both policy and the market.”
Arvind Ramamurthy, Chief Market Development Officer at ADGM , said, “We congratulate HGML on receiving its FSP. This milestone underscores the growing momentum we are seeing as leading firms choose ADGM and Abu Dhabi to establish and scale their regional operations. ADGM remains committed to providing a trusted, forward-looking regulatory environment and a world-class ecosystem that supports innovation, strengthens cross-border connectivity, and enables long-term growth.”
Hashed co-hosted the “Web3 Leaders Roundtable” with ADGM during Abu Dhabi Finance Week (ADFW) 2025, focusing on the convergence of AI and blockchain-based financial infrastructure. Discussions covered blockchain’s role as AI-native infrastructure, the tokenisation-driven transformations, and regulatory considerations for institutional investors. Participants included ADIA, DTCC, Franklin Templeton, BlackRock, Circle, Consensys, and the Solana Foundation, and the outcomes of the discussion were published as a policy report.
Led by Healthier Capital, the funding will accelerate Photon‘s mission to modernize the prescription experience, putting patients in the driver’s seat at the moment that matters most.
BROOKLYN, N.Y., April 30, 2026 — Electronic prescribing transformed how doctors write prescriptions, but created a new problem for patients. At the moment a prescription is written, patients are asked to choose a pharmacy on the spot with no pricing, no inventory information, and no sense of what’s convenient or covered. The prescription is sent, the moment passes, and a choice has been made without the information needed to make it well. The result: transfers, phone calls, and delays that create unnecessary burden for patients, pharmacies, and practitioners alike. Photon was built to solve this at the source.
Photon today announced a $16M Series A round led by Healthier Capital, with participation from Notation, Flare Capital, and Evidenced. The funding will be used to expand the engineering and commercial teams, drive expanded health system and platform integrations, and accelerate the company’s mission to become the default infrastructure for modern prescribing and medication access.
The problem runs deeper than consumer inconvenience. It’s an infrastructure problem rooted in an era before smartphones, the cloud, or AI. Electronic prescribing was designed in the early 2000s to move prescriptions from point A to point B — and it does. But it was never designed to inform patients, serve the expectations of modern prescribers, or keep pace with how pharmacies actually operate today. In virtually every other aspect of their lives, consumers expect real-time transparency: they can see pricing, availability, and delivery windows before they buy anything. The prescription experience offers none of that. When a prescription is sent electronically, the patient is effectively removed from the equation — no visibility into which pharmacy has it in stock, what it will cost out of pocket, or which option is most convenient. That information vacuum sets off a downstream chain of friction: unnecessary transfers, unanswered phone calls, abandoned fills, and administrative burden that ripples across the entire healthcare ecosystem.
Photon is rebuilding the prescription experience from the ground up, not as a pricing widget or a single-point fix, but as a full end-to-end platform. That means:
Modern prescribing and routing infrastructure
A network of pharmacy partners across retail and home delivery
A consumer-facing marketplace that surfaces real-time price and stock information
A full suite of capabilities including prior authorization, clinical decision support, and beyond
By integrating at the point of prescribing, Photon gives patients the ability to make an informed choice before the prescription is ever sent. The kind of transparency consumers take for granted everywhere else, finally applied to one of the most consequential moments in their healthcare journey. For health systems, that same platform unlocks something equally valuable: the prescription becomes a patient engagement touchpoint rather than a handoff, in-house pharmacy teams gain real-time visibility into fill activity, and patients can be educated about delivery options and price competitiveness in real time. Artificial intelligence is central to how Photon does this at scale, processing complex, fragmented data across pharmacy networks, benefit structures, and formularies in real time, and translating it into something a patient can actually use. This is not AI as a marketing feature; it’s AI as the engine that makes a genuinely hard infrastructure problem solvable. The result is fewer abandoned prescriptions, fewer reroutes, and a meaningfully better experience for every stakeholder in the chain.
“We’re building prescription infrastructure for the AI era. We’re scaling at a critical juncture where healthcare SaaS and services are being disrupted by LLMs and agentic workflows — right as healthcare affordability and consumer demand for transparency reach a boiling point. We’re leveraging this technology to empower consumers, enable true price transparency, and push the pharmacy industry back toward an open marketplace,” says Otto Sipe, Photon founder and CEO.
“We are delighted to partner with Photon to modernize the prescription process, delivering an improved experience for patients while reducing friction across the entire healthcare system,” said Amir Dan Rubin, Founder & Managing Partner, Healthier Capital.
Photon got its start in direct-to-consumer digital health, building the prescription infrastructure that powers some of the fastest-growing D2C health brands. That foundation — deep integrations across pharmacy networks, real-time formulary data, and a patient-first prescribing experience — proved equally compelling to health systems, where Photon has been growing its presence as those organizations seek better ways to engage patients at the point of care and drive visibility into their in-house pharmacies. Since its founding in 2021, Photon has helped millions of patients make more informed pharmacy decisions. The company’s last fundraise was $9M in July 2024. This round positions Photon to deepen marketplace integrations, expand health system partnerships, and help more consumers take ownership of their prescriptions.
The ambition extends well beyond a single prescribing moment. Photon is building long-term infrastructure designed to ease systemic burden across the healthcare system — for practitioners who shouldn’t have to field reroute calls, for pharmacies drowning in unnecessary transfers, for health systems that want prescriptions to drive patient retention and in-house pharmacy utilization rather than quietly leak volume elsewhere, and for patients who deserve to be informed participants in their own care. AI accelerates that roadmap in a meaningful way: enabling Photon to identify patterns across the system, anticipate points of friction before they occur, and build toward solutions that address the structural conditions causing problems, not just their symptoms.
About Photon Photon is the end-to-end prescription infrastructure built for modern healthcare. Combining proprietary digital prescribing and routing infrastructure, a vast pharmacy network, and a consumer-facing marketplace, Photon brings real-time transparency to the moment a prescription is written, so patients can make an informed choice before it is ever sent. For health systems and providers, Photon reduces administrative burden, supports prior authorization and patient support workflows, and turns the prescribing moment into a driver of patient engagement and in-house pharmacy utilization. By modernizing the infrastructure that connects prescribers, pharmacies, and patients, Photon improves medication access and adherence across the entire care journey. Learn more at photonhealth.com.
About Healthier Capital Healthier Capital seeks to advance healthier outcomes for all, partnering with technology-powered healthcare innovators for transformative impact and significant value creation. For more information, visit www.healthiercapital.com.
