AUSTIN, Texas, April 15, 2025 — Scout Ventures is delighted to announce that Zach Beecher is joining the firm as a Partner.  Beecher brings extensive experience as a leader in mission-driven initiatives across various sectors, including early-stage technology and national security.

Beecher joins Scout Ventures from America’s Frontier Fund, a deep tech investment fund focused on America’s long-term economic and national security. At AFF, Zach led capital formation and supported national security innovation investment strategy, identifying and supporting dual-use technologies in critical sectors. 

Previously, he served as an officer in the U.S. Army with the 82nd Airborne Division alongside Scout Partner Cody Huggins.  In 2017, Zach deployed to Iraq as part of Operation Inherent Resolve, where he was awarded the Bronze Star. After the  Army, Zach held roles leading a pre-seed accelerator and leading operations at a leading corporate innovation platform.  He currently serves in the Army Reserves in Special Operations Command—Europe. 

“We are thrilled to welcome Zach to our team,” said Brad Harrison, Founder and Managing Partner at Scout Ventures.  “His expertise in venture strategy, national security policy, and emerging technologies will be essential as we continue to  identify and support groundbreaking companies that develop dual-use technologies benefiting both commercial and defense markets.”

Beecher’s career is distinguished by his dedication to national security, economic development, and technological advancement. As Partner, he will spearhead investments in early-stage frontier technology companies, collaborating closely with founders to refine go-to-market strategies, build mission-ready teams, and navigate the complexities of dual-use innovation. He will also fortify Scout’s relationships across the defense, intelligence, and national security communities, solidifying the firm’s position as a bridge between the public and private sectors.

“I am excited to join Scout Ventures, establish our leadership in Washington, D.C., and contribute to our mission of empowering transformative Founders,” said Beecher. “Scout’s breakthrough strategy and commitment to investing in  dual-use solutions ensures that groundbreaking innovations not only advance commercial industries but also enhance  national security and resilience.”

Scout Ventures is an early-stage venture capital firm focused on dual-use technologies that solve National Security challenges. Backing mission-driven founders at the forefront of innovation, Scout provides capital, strategic support, and operational expertise to help scale transformative companies. Our investment areas include space & aerospace,  autonomy, quantum, AI/ML, and advanced materials. Scout Ventures is driven by a mission to make the world a better,  safer place by fostering innovation and promoting collaboration to address future challenges and advance frontier technologies to build a more resilient, secure, and prosperous future.

For more information, please contact:

Cody Huggins
Partner & Head of Investor Relations
Scout Ventures
[email protected]
www.scout.vc

SOURCE Scout Ventures

After Stealth Development, Corvic AI Unveils Data-Centric AI Cognitive Infrastructure for Mission-Critical Intelligence Across Complex Enterprise Data

MOUNTAIN VIEW, Calif., April 15, 2025 — Corvic AI, the company transforming secure and scalable generative AI adoption for enterprises, today announced it has raised $12 million in seed funding led by M Ventures and Bosch Ventures, with participation from Foothill Ventures, Lam Capital, LDV Partners, K2 Access Fund and Brian Long (Atlantic Bridge). Corvic AI is pioneering a new era of Data-Centric AI Cognitive Infrastructure — a breakthrough in transforming proprietary enterprise data into actionable intelligence for high-stakes decision-making. This technology fundamentally reshapes how enterprises leverage complex data in the era of generative AI — producing trustworthy, verifiable intelligence at scale with unmatched depth and precision.

Enterprises are rushing to adopt generative AI, but most remain stuck in the prototyping phase — struggling to turn pilot projects into real business impact. The core issue? Enterprise data is complex, and the infrastructure needed to make LLMs work is incredibly difficult to build. As a result, enterprises waste time and resources stitching together incompatible solutions — leading to generative AI applications that hallucinate, fail to scale, and fall short of delivering trustworthy enterprise-grade intelligence.

Corvic AI’s foundational cognitive infrastructure goes beyond simple retrieval, intelligently orchestrating multi-step advanced analytics to deliver accurate and explainable answers across complex enterprise data. Corvic AI’s purpose-built Mixture of Spaces™ (MoS) and Adaptive Chain of Actions™ (ACoA) technologies bridge the gap between siloed proprietary enterprise data and large language models (LLMs), solving a key enterprise AI bottleneck.

Mixture of Spaces (MoS) processes data in its native forms — tabular, relational, text, image, and time series by leveraging inherent signals based on format and structure. This, along with Adaptive Chain of Actions (ACoA), intelligently navigates various data representations (“spaces”) with the right tools using Corvic AI’s Agentic Function Calling™ (AFC) architecture, enabling dynamic, context-aware insights generation. This approach enhances data fidelity and integration, dramatically increasing the success rate of AI adoption in enterprise settings. With auditability and governance built in, Corvic AI’s ACoA ensures its customers can trust AI-powered intelligence in high-stakes environments.

This architecture is purpose-built to address today’s fragmented AI landscape, where tools such as vector databases, retrieval-augmented generation (RAG), graph AI, and generative models operate in isolation, forcing enterprises to stitch together incompatible solutions. This fragmented approach often produces AI-generated outputs that lack factual grounding, making them unreliable for enterprise use. Corvic AI’s Cognitive Infrastructure unifies siloed capabilities into a single, cohesive reasoning system — eliminating inefficiencies, streamlining workflows, and adapting to ever-evolving data environments. Additionally, its plug-and-play integration seamlessly connects with existing enterprise ecosystems, accelerating AI adoption without disrupting current workflows.

Co-founded by Farshid Sabet (CEO), Dr. Donald Nguyen (CTO) and Dr. Gurbinder Gill (CPO), Corvic AI draws on over a decade of its founders’ experience at Intel, Determined AI, Movidius, Katana Graph, and academia, spanning their expertise in deep learning, graph analytics, distributed machine learning, and enterprise infrastructure to deliver enterprise-grade products.

“Enterprise AI remains fragmented — companies struggle to connect and reason across unstructured reports, databases, and dynamic real-world inputs, making it difficult to align institutional knowledge with LLMs and generate reliable results,” said Farshid Sabet, co-founder and CEO of Corvic AI. “Today, enterprises are forced to stitch together disconnected AI models and tools just to get partial answers, leading to inefficiencies and critical gaps in data pipelines. Instead of reinventing models, we focus on elevating complex, proprietary data into AI-ready data — making it more digestible and actionable for LLMs. Corvic AI is defining the missing layer in enterprise AI: end-to-end AI Cognitive Infrastructure that powers generative AI applications at scale.”

“In today’s industrial landscape, the true potential of AI is often bottlenecked by the complexity of enterprise data ecosystems,” said Ilja Aizenberg, principal at M Ventures. “Real-world AI applications must navigate intricate data landscapes where critical information is dispersed across various formats and modalities — from relational databases to unstructured documents and images. Corvic’s AI Cognitive Infrastructure enables structured reasoning and precise intelligence extraction from complex data environments. This approach augments decision-making capabilities and uncovers strategic insights from previously untapped data sources. For industries adopting this advanced AI infrastructure, the potential for significant operational and strategic improvements is substantial.”

“Corvic AI’s outstanding performance during the Open Bosch GenAI Challenge 2024 demonstrated both the effectiveness of their solution and a clear understanding of enterprise needs,” said Ingo Ramesohl, managing director at Bosch Ventures. “We see strong potential in their platform and are looking forward to supporting their growth as they continue to deliver scalable, trustworthy solutions.”

Corvic AI’s Data-Centric AI Cognitive Infrastructure is already being evaluated and integrated by numerous leading companies across critical sectors, including advanced manufacturing, industrial, financial services and life sciences — where accuracy and reliability are non-negotiable. Enterprises partner with Corvic AI to unlock powerful applications such as domain expert agents, where various RAG approaches fall short, as well as generative business intelligence (BI), automated complex analytical processes, and a range of predictive analytics use cases. By consistently delivering measurable results in high-stakes environments, Corvic AI is emerging as a trusted intelligence backbone for modern enterprises — enabling them to move from prototyping into production and achieve strategic advantage. To learn more or request early access, visit www.corvic.ai.

About Corvic AI
Corvic AI is pioneering a new era of Data-Centric AI Cognitive Infrastructure by transforming raw enterprise data into AI-ready intelligence. Built for mission-critical, high-stakes decision-making, Corvic AI’s proprietary Mixture of Spaces (MoS) and Adaptive Chain of Actions (ACoA) technologies enable enterprises to move beyond basic retrieval — intelligently orchestrating multi-step analytics that integrate seamlessly with existing infrastructure to deliver precise, trustworthy AI insights at scale. By unifying AI workflows, complex multimodal data, and enterprise-grade reliability, Corvic AI is redefining how businesses leverage generative AI to drive strategic decisions. Backed by M Ventures, Bosch Ventures, and other leading investors, Corvic AI is shaping the future of enterprise intelligence. To learn more, visit www.corvic.ai.

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact, including statements regarding Corvic AI’s future operations, plans, strategies, technological capabilities, potential adoption by enterprise customers, expected benefits of its cognitive infrastructure, and projected impact on enterprise AI, are forward-looking statements. These statements are based on current assumptions, expectations, and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially. Corvic AI undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Trademarks:
Mixture of Spaces™, Adaptive Chain of Actions™, and Agentic Function Calling™ are trademarks of Corvic AI, Inc. All other company names, product names, and trademarks mentioned are the property of their respective owners and are used for identification purposes only.

Press Contact 
[email protected] 

SOURCE Corvic AI

KENNEWICK, Wash., April 15, 2025 — Cadwell Industries, Inc., a global leader in neurodiagnostic, neuromonitoring, and sleep solutions, today announced its strategic investment in Seer Medical, a Melbourne, Australia-based company specializing in home-based epilepsy diagnostics. The investment was made in partnership with investors Breakthrough Victoria and TrialCap.

Founded in 2017, Seer Medical leverages cloud, web, and AI technologies along with an innovative patient-centric design to advance epilepsy care in the field of neurology. Their flagship product, Seer Home, is focused on long-term home-based video electroencephalography (EEG) monitoring, a technology that measures the brain’s electrical activity to accelerate epilepsy detection, without the need for hospitalization. Epilepsy is the most common chronic brain disease affecting people of all ages, with over 50 million individuals impacted globally.

The investment enables Cadwell to integrate Seer Medical’s long-term home EEG technology with Cadwell’s existing comprehensive EEG portfolio, creating an industry-leading product line serving clinical, ambulatory, and hospital-based epilepsy diagnostic and treatment centers. The investment also provides Cadwell with access to Seer Medical’s Melbourne office and staff, enhancing its technical breadth and capacity for bringing new products to market.

“We are thrilled to welcome the Seer Medical team as a part of the Cadwell family as we continue our shared vision of empowering providers to help more patients worldwide and, importantly, to expand access to quality epilepsy care for the millions who need it. Breakthrough Victoria and TrialCap share in this same vision, and we are pleased to partner with them in improving the lives of epilepsy patients around the world,” stated Patrick Jensen, CEO of Cadwell.

About Cadwell
Cadwell is a global medical technology and services company dedicated to delivering innovative neurodiagnostic, neuromonitoring, and sleep solutions to clinicians worldwide. Our offerings, including Sierra® EMG/NCS/EP/Ultrasound, Arc™ EEG, Cascade® IONM, and ApneaTrak® HSAT and Easy® III PSG systems, are designed to meet evolving clinical and research needs. Through CadCare™, our comprehensive customer care ecosystem, we provide exceptional support for every stage of the care delivery journey. For more information on Cadwell, visit www.cadwell.com, and follow Cadwell on LinkedIn and Facebook.

About Breakthrough Victoria
Breakthrough Victoria was launched three years ago to be a private investment company for Victoria, providing patient capital and investment that impacts the State’s economy. BV provides long-term capital to innovation businesses that will improve people’s lives and benefit Victoria’s economy.

About TrialCap
TrialCap is a pioneering financing solution available through SPRIM Global Investments (SGI), a privately held investment firm specializing in clinical-stage life sciences and pharma services. Founded in 2008, SGI’s innovative investment model provides agile and high-impact funding to high-potential biotech companies worldwide, supporting the advancement of clinical trials and accelerating the development of life-changing treatments.

SOURCE Cadwell Industries, Inc.

Already deployed across 70+ health systems, the investment fuels a period of hyper-growth for hellocare.ai, as demand accelerates for its unified virtual care platform.  The platform that enables hospitals to deliver AI-assisted Virtual Nursing, Virtual Sitting, Virtual Consultation, Ambient Documentation, Digital Whiteboards, Patient Engagement, and Hospital-at-Home—all through one deeply integrated, enterprise-ready solution. The advancement and convergence of artificial intelligence and immersive virtual to physical care technologies have fueled the demand for smart hospital rooms, representing an opportunity to support healthcare delivery across the continuum of care.

“This raise represents a powerful vote of confidence in our mission and model,” said Labinot Bytyqi, Founder and CEO of hellocare.ai. “Health systems are asking for a proven, unified virtual care platform to simplify care delivery, drive clinical efficiency, reduce burnout, and increase patient engagement—and that’s exactly what we’ve built. With this funding, we’re partnering with some of the leading health systems to scale fast and go deeper into AI to solve healthcare’s toughest care delivery and operational challenges.”

“hellocare.ai’s technology and vision are very closely aligned with the evolving needs of health systems,” said Randy Scott, Partner at HealthQuest Capital. “They are solving real problems at scale, with a practical and powerful platform that delivers measurable impact.”

A New Standard for Virtual Care and Patient Engagement

hellocare.ai is the only purpose-built platform on the healthcare market with a fully in-house technology stack—encompassing hardware, software, AI, and a seamless EHR integration engine. This end-to-end approach delivers unmatched speed, customization, and continuous innovation. Paired with AI and flexible hybrid clinical care team models, hellocare.ai empowers health systems to rapidly scale hybrid care, deliver high-quality care from anywhere, and create a truly patient-centric experience—all through a single, unified platform.

Trusted by Leading Health Systems

Already deployed across 70+ health systems, hellocare.ai is replacing fragmented point solutions and delivering meaningful ROI—transforming any hospital room into a smart, connected care environment. In a major milestone, AdventHealth is rolling out hellocare.ai across more than 50 hospitals and over 13,000 patient rooms as part of an enterprise-wide implementation to enhance patient experience, streamline clinical workflows, and drive operational efficiency.

Both Bon Secours Mercy Health and UCHealth are not only investors in this round but also customers of hellocare.ai—actively deploying the platform to reimagine virtual care delivery and elevate patient engagement across their systems. Their dual role highlights the deep alignment between hellocare.ai’s innovation roadmap and the real-world needs of modern health systems.

“Our partnership with hellocare.ai will allow us to improve safety, reduce readmissions, optimize staff workflows and improve patient experience in our hospitals,” said Mark Townsend, MD, MHCM, chief clinical digital ventures officer, Bon Secours Mercy Health and Accrete Health Partners. “Investing in novel digital health technologies enables our health system to be at the forefront of digital transformation, with the intent of making health care as easy as possible for patients and providers.”

About hellocare.ai

hellocare.ai is a leading provider of AI-assisted virtual care solutions. Headquartered in Clearwater, FL, the company supports more than 70 health systems across the U.S. and is rapidly expanding globally. hellocare.ai helps health systems deliver high-quality, patient-centered care while improving clinical efficiency and staff wellbeing. Its fully integrated platform includes AI-Assisted Virtual Nursing, Virtual Sitting, Patient Engagement, Digital Whiteboard, Digital Room Signage, Ambient Documentation, Hospital-at-Home, Remote Patient Monitoring (RPM), and Digital Clinic—seamlessly embedding into existing healthcare EHRs, infrastructure, and care delivery models to power the next generation of healthcare. For more information, visit https://hellocare.ai

About HealthQuest Capital

HealthQuest Capital is a private asset firm that provides capital to transformative healthcare companies. HealthQuest Capital focuses on commercial prospects that drive enhanced patient outcomes and elevate the efficiency of healthcare delivery. With approximately $2 billion in capital under management, the firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics, digital health, and innovative services. The HealthQuest Capital team combines decades of investing experience with domain expertise in the various aspects of the healthcare industry. For more information, visit www.healthquestcapital.com

For inquiries, contact:
Mimoza Buonsanti
[email protected]

SOURCE hellocare

NORWICH, England, April 15, 2025 — Homemove, the innovative proptech brand which allows users to manage their complete home move process from a single, easy to use platform, has today announced the successful completion of a $5 million funding round led by Fuel Ventures with co-investors including the Blandford Family Office, and Oxford Innovation. This investment underscores significant confidence in Homemove’s mission to transform the moving experience, enabling people to move home with more confidence and ease through high quality service and an all-in-one tech solution.

Co-founded by James Freestone and Louis O’Connell Bristow, in a highly fragmented industry, Homemove creates a seamless moving experience, by centralising everything in one place. From research to completion, homemove offers holistic oversight, easy management, and real-time updates, significantly cutting down administrative delays and improving customer confidence.

Rapid Growth and Market Validation

In just three years since its inception, Homemove has rapidly scaled from zero to $4 million in revenue, reflecting strong market validation and customer adoption of its innovative services. This latest funding round will enable Homemove to further refine its technology in its five core verticals of estate agents, mortgages, surveys, conveyancing and removals, build national brand recognition, and accelerate a rollout of innovative homemoving products to simplify moving home.

James Freestone, co-founder and CEO of Homemove, said:

“We’re incredibly excited by the support from Fuel Ventures and our additional investors. This investment empowers us not only to scale our platform but also to continue to make the home-moving experience simpler, less stressful, and more joyful for our customers. Our goal is to help homeowners move with greater ease and confidence, knowing everything they need is seamlessly managed in one friendly, easy-to-use place. Homemove truly is the home of moving home.”

Mark Pearson, Managing Partner of Fuel Ventures, added:

“Homemove is exactly the type of disruptive business we love to support – one that’s clearly addressing real-world inefficiencies with robust technology solutions. The company’s exceptional growth from zero to $4 million revenue in such a short time highlights its immense potential. Having backed Homemove since their first SEIS round in 2022, we’re thrilled to lead this round and excited about Homemove’s future.”

About Fuel Ventures

Fuel Ventures provides entrepreneurs with expertise and insights in business development, marketing, and brand-building through its extensive experience in scaling global companies. Since 2014, Fuel Ventures has invested over £227 million into more than 190 startups, continually backing the next generation of innovative technology solutions.

SOURCE Homemove

As Silicon Valley builds AI for the internet, RLWRLD trains AI to act in the real world—with support from LG, SK, KDDI, ANA, and more

SEOUL, South Korea and TOKYO, April 14, 2025 — RLWRLD, a Physical AI startup building robotics foundation models, today announced a $15 million seed round backed by a powerful alliance of industrial leaders from Korea and Japan.

The round includes investments from LG Electronics, SK Telecom, KDDI, ANA Holdings, Mitsui Chemicals, and Shimadzu Corporation, as well as leading AI-focused VCs from Japan and Korea, including Hashed, Mirae Asset, and Global Brain—marking one of the most significant cross-border bets on the future of real-world AI.

RLWRLD is led by Jung-hee Ryu, whose previous company, Olaworks, was acquired by Intel in its first-ever acquisition of a Korean startup. The founding team includes KAIST Chair Professor Jinwoo Shin, Kurly’s ex-CTO, a Kakao engineering lead, and a former BCG partner, forming a world-class squad to tackle what may be the next trillion-dollar opportunity in AI: machines that can move, think, and adapt in the physical world.

“Silicon Valley is building brains for the internet. We’re building brains for machines.”

— Jung-hee Ryu, Founder & CEO, RLWRLD

From Text to Touch: The Rise of Physical AI

While generative AI leaders race to master text, code, and images, RLWRLD is developing foundation models that learn from real-world sensors, robotics systems, and industrial workflows. These models enable robots to reason and act autonomously in dynamic physical environments—factories, warehouses, logistics hubs, and beyond.

RLWRLD’s platform is built on three strategic pillars:

• Embodied model architecture optimized for real-world intelligence
• Industrial-scale data pipelines from East Asia’s manufacturing ecosystem
• Plug-and-play infrastructure that integrates seamlessly with existing robotics systems

“We’re not just writing papers—we’re training models that solve real-world problems on real production floors.”

— Jinwoo Shin, Chief Scientist, RLWRLD & KAIST Chair Professor

Building a Real-World AI Ecosystem

The $15M funding will accelerate RLWRLD’s next phase:

• Expanding proprietary data pipelines across industrial partner sites
• Advancing its robotics foundation model stack
• Deepening integration with robotics and sensor companies in Asia and North America

The company is also building a multi-stakeholder innovation ecosystem through collaborations with KAIST, Seoul National University, and POSTECH, and with robotics manufacturers like WIRobotics, Rainbow Robotics, Wonik Robotics, Robotis and more.

“RLWRLD combines deep AI research with industrial execution at scale. That’s what makes this a rare, high-conviction investment.”

— Simon Seojoon Kim, CEO, Hashed

About RLWRLD

RLWRLD is a Physical AI company developing robotics foundation models trained on real-world data from East Asia’s top manufacturing ecosystems. Founded by serial entrepreneur Jung-hee Ryu, the company brings together world-class AI, robotics, and industrial expertise to power the next generation of embodied intelligence.

Learn more at rlwrld.ai.

Media Contact:

Leehyoung Yang, Team Cookie, [email protected] 

SOURCE RLWRDL

“We welcome Comvest Partners, Barings, and once again thank RedBird for their ongoing support. iCreditWorks will continue to execute its product roadmap, focus on PaaS automation, and integrate new capabilities that make the iCreditWorks App and omni-channel platform even more intuitive and powerful,” said Stephen E. Sweeney, iCreditWorks’ Chairman and Founder.

iCreditWorks has developed a highly configurable and modular Platform-as-a-Service (PaaS) solution that empowers its partners (leading financial institutions, enterprise networks, and large brands) to rapidly deploy embedded POS lending solutions with integrated payment technologies that meet consumers where they live—significantly decreasing time to market while eliminating cost and challenges facing those industries today. iCreditWorks’ digital payments infrastructure, which includes the rapid issuance of an in-App “Tap to Pay” virtual card, offers a seamless and flexible payment experience to consumers and merchants alike.

“We are excited to lead iCreditWorks’ capital raise,” said Charles Asfour, Partner at Comvest Partners. “We believe the Company’s highly compelling value proposition and attractive growth prospects make for a great addition to our opportunistic credit portfolio. We look forward to contributing to the Company’s ongoing success with both capital and other value-added resources going forward.”

Barings similarly embraced iCreditWorks’ Platform through its participation in the raise.

Michael Searles, Head of North America, Capital Solutions for Barings added, “We are excited to back the iCreditWorks Platform and look forward to working with the team to support the Company’s expansion.”

Mike Zabik, a Partner at RedBird Capital, will remain a Board Director since leading the prior capital raise; Charles Asfour and Micheal Searles will join as Observers to the iCreditWorks Board.

“Once again, RedBird Capital is excited to back iCreditWorks,” said Zabik, “and continue pushing their strategic edge in their next stage of growth.”

iCreditWorks will leverage these investments to fuel the continued expansion of its omni-channel PaaS platform into other business verticals (e.g., healthcare, SMB equipment, home improvement, etc.) and drive its commercial growth through new PaaS partnerships.
*All loans issued by WebBank.

About iCreditWorks
iCreditWorks leverages innovative technology and mobility to deliver an omni-channel platform experience that provides access to a broad suite of “Point-Of-Sale” (POS) financing products, empowering consumers to take control of their financing.* The first-of-its-kind iCreditWorks native mobile App delivers a simple, seamless, and secure financing experience that redefines the consumer journey. For more information, please visit www.icreditworks.com.

About Comvest Partners
Comvest Partners (“Comvest”) is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and opportunistic credit investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $15.7 billion in assets, with over $16.8 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit comvest.com.

About Barings
Barings is a $442+ billion** global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. For more information, please visit www.Barings.com.
**As of March 31, 2025

About RedBird Capital Partners
RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue-chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business-building mandate that focuses on three core industry verticals – Sports, Media & Entertainment, and Financial Services. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please visit www.redbirdcap.com.

Contact
Rich Groves
SVP – Professional Affairs
201-450-4268
[email protected] 

SOURCE iCreditWorks

AMERICAN FORK, Utah, and HONOLULU, April 14, 2025 — Thrive Smart Systems, a pioneer in wireless irrigation technology, has announced a lead investment of $600,000 from members of the Hawai’i Angels, an early-stage investor network based in Honolulu. The funding is part of a targeted $1 million round supporting Thrive’s expansion and next-generation product launch.

Thrive’s flagship product, the Thrive EVO™, eliminates the wiring typically required between irrigation controllers and valves—wiring that often creates headaches for landscape professionals and limits water efficiency. The company’s fully wireless solution reduces installation complexity and maintenance costs, while enabling reliable, long-range performance in the field.

By removing the need to trench and bury wires, Thrive’s system slashes installation time and cost, allowing contractors to complete more projects with fewer resources. This not only saves on labor and materials, but also opens up new opportunities in locations where traditional wiring would be impractical or cost-prohibitive. It integrates seamlessly with all industry-standard multi-wire controllers, including models from Rain Bird and Hunter, making upgrades easy without overhauling existing systems.

This year, Thrive is preparing to launch a cloud-connected LoRa version of its technology, extending the system’s wireless range virtually without limit and removing the need for a physical irrigation controller altogether.

Thrive’s wireless technology has already gained traction with landscape professionals, with over a thousand units installed to date. Thrive EVO™ systems are in use at Google and Apple campuses, as well as dozens of schools and universities, churches, city parks, and commercial properties across the country. The upcoming cloud-based solution is poised to expand the company’s reach among distributors and industry partners.

“We installed the Thrive EVO™ a few months ago. Not only was it quick and easy to install but it saved me the cost of having to horizontal-bore under a city street and disturb the existing landscape,” said David Hawk, Grounds and Irrigation Manager at Brigham Young University. “I see it as our solution to the sprinkler wire problems I deal with on my site.”

The Hawai’i Angels network, which has supported hundreds of early-stage companies since 2002, brings together individual angel investors who collaborate to fund and mentor startups. Members evaluate companies independently but often invest as a group, contributing capital, guidance, and strategic connections to help founders succeed.

“We’re always looking for founders who are tackling overlooked but important problems—and Thrive is a perfect example,” said Joey Katzen, Managing Director of Hawai’i Angels. “Their approach to wireless irrigation has the potential to change how water is managed across entire landscapes. It’s exciting to back a team like this and help them accelerate.”

“We’re grateful for the support from Hawai’i Angels,” added Bangerter. “Their belief in what we’re building helped us reach this next stage—and their investment is already accelerating our growth.”

About Thrive Smart Systems
Based in American Fork, Utah, Thrive Smart Systems delivers fully wireless irrigation solutions that eliminate underground wiring, reduce installation costs, and simplify water management. Its flagship product, the Thrive EVO™, is trusted by landscape professionals for its reliability, range, and ease of use. Learn more at thrivesmartsystems.com.

About The Hawai’i Angels
The Hawai’i Angels is a Honolulu-based network of early-stage investors that has supported founders in Hawai’i and beyond since 2002. Members invest individually but often collaborate on deals like Thrive’s, offering not just capital but also coaching and connections to help startups grow. Learn more or inquire about membership or corporate/VC sponsorship at hawaiiangels.org.

Contact:
Joey Katzen
Hawai’i Angels 
[email protected]
Bryan Brittain
Thrive Smart Systems
801.413.3023
[email protected]

SOURCE Hawai’i Angels; Thrive Smart Systems

SINGAPORE, 14 april 2025 — ABC Impact, de op Azië gerichte impactinvesteringsfirma, heeft met succes de afronding van haar tweede fonds afgerond op meer dan 600 miljoen dollar, een verdubbeling van de omvang van Fonds I. Deze mijlpaal verdiept het engagement van de firma om de kritieke sociale en ecologische noden van Azië aan te pakken door impactgedreven investeringen.

Bredere steun weerspiegelt groeiende afstemming

ABC Impact Fund II kon rekenen op de steun van een diverse groep Limited Partners, waaronder Temasek; Temasek Trust; de Aziatische Ontwikkelingsbank (ADB); Mapletree Investments; SeaTown Holdings; een staatsinvesteringsfonds in Zuidoost-Azië; een Amerikaans family office; en zeer vermogende particulieren. Deze convergentie van ontwikkelingsfinanciering en privékapitaal geeft blijk van een groeiend besef dat impactinvesteren systeemproblemen kan aanpakken via marktgebaseerde benaderingen.

Benoit Valentin, hoofd Impact Investing, Temasek: “In een snel veranderende wereld staan we voor steeds complexere en ingrijpendere sociale en ecologische uitdagingen. Ons partnerschap met ABC Impact is een kernpijler van Temaseks impactinvesteringsstrategie. Het geeft onze overtuiging weer dat impact investing kapitaal kan opschalen om de dringende problemen waarmee we geconfronteerd worden aan te pakken. Door samen te werken kunnen we een meer inclusieve en duurzame wereld creëren waarin elke generatie tot bloei komt.” 

“Het landschap voor impactinvesteringen in de regio staat nog in de kinderschoenen, en bedrijven in de groeifase hebben een gebrek aan financiering,” zegt Jackie Surtani, regionaal directeur van ADB en hoofd van het kantoor in Singapore. “De investering van ADB in ABC Impact Fund II weerspiegelt onze betrokkenheid om impactkapitaal te katalyseren in Azië en de Stille Oceaan.

Door innovatieve bedrijven te steunen die dringende sociale en milieuproblemen aanpakken, willen we levens- en bestaansmiddelen in de hele regio verbeteren.”

Een gedeelde visie voor Azië versterken

Tow Heng Tan, voorzitter van ABC Impact: “De succesvolle afsluiting van Fonds II benadrukt het vertrouwen van toonaangevende institutionele beleggers in de gedisciplineerde beleggingsstrategie van ABC Impact. Door extern kapitaal van bijvoorbeeld de Asian Development Bank te verwelkomen, verdiepen we onze toewijding aan het vormgeven van een duurzamere en inclusievere toekomst in Azië.”

“Wij geloven dat doelgericht ingezet kapitaal kan bijdragen aan pragmatische, marktgestuurde antwoorden op de meest urgente uitdagingen in onze regio,” zegt David Heng, CEO van ABC Impact. “Of het nu gaat om klimaatbestendigheid, inclusieve financiering of toegang tot gezondheidszorg, investeren in deze gebieden is niet alleen een maatschappelijke noodzaak maar ook een zakelijke kans op lange termijn.”

Grotere impact in prioritaire sectoren

Door de toenemende klimaatschommelingen, ongelijkheid en economische onzekerheid richt ABC Impact Fund II zich op praktische oplossingen in gebieden waar traditionele modellen moeite hebben om resultaten te leveren. De investeringsstrategie is gericht op vier prioriteitssectoren: schone energie en klimaatbestendigheid, inclusieve financiering en digitale toegang, gezondheidszorg en onderwijs, en duurzame voedselsystemen.

Onze investeringen tot nu toe waren onder meer voor Aye Finance in India, dat leningen verstrekt aan micro- en kleine ondernemingen; Tekoma Energy in Japan, een ontwikkelaar van hernieuwbare energie gespecialiseerd in zonneprojecten; en DCDC Kidney Care, een van de grootste dialysenetwerken in India dat betaalbare behandelingen aan achtergebleven patiënten biedt.

Afgestemd investeren in een diverse regio

Het economische en demografische momentum in Azië blijft kansen creëren voor innovatie op het gebied van impact. Maar de complexiteit van de regio vereist een juiste en aangepaste investeringsaanpak.

“Hoewel het beleid veranderingen kan versnellen, zijn het de marktvraag, kapitaalstromen en concurrentiekrachten die uiteindelijk zorgen voor aanpassing op schaal,” aldus David. “De bedrijven waarin we investeren wachten niet op signalen van buitenaf – ze geven actief vorm aan de toekomst door kritieke behoeften aan te pakken op een impactvolle en gezonde financiële wijze.”

Fonds II bouwt voort op het momentum van Fonds I (2019-2024), waardoor ABC Impact zijn partnerschappen kan uitbreiden, zijn bereik in sectoren met een grote impact kan vergroten en commercieel levensvatbare oplossingen met een potentieel voor impact op lange termijn kan ondersteunen.

Doelgericht vooruitkijken

Steeds vaker wordt impactinvestering beschouwd als een strategisch voordeel, in plaats van een compromis. De aanpak van ABC Impact is geworteld in de overtuiging dat financiële kracht en maatschappelijk voordeel hand in hand gaan, op weg naar vooruitgang.

“Onze vooruitgang wordt mogelijk gemaakt door het vertrouwen en de samenwerking van onze investeerders en partners,” concludeert Tow. “Samen laten we zien dat financieel succes en positieve impact niet alleen samengaan, maar elkaar ook versterken.”

(EINDE)

Voor vragen van de media:
Jeffrey Fang
Hoofd Investeerdersrelaties
[email protected]

Over ABC Impact
ABC Impact is een pan-Aziatische impactinvesteringsmaatschappij die zich toelegt op het leveren van meetbare sociale en milieuresultaten naast een voor risico gecorrigeerd financieel rendement door middel van duurzame groei. Met meer dan USD 900 miljoen aan vermogen onder beheer volgt het bedrijf een gedisciplineerde, thematische strategie om te investeren in bedrijven met een hoog potentieel die de meest urgente uitdagingen van Azië aanpakken.

Haar portfolio omvat klimaat- en wateroplossingen, duurzame voeding en landbouw, gezondheidszorg en onderwijs, en financiële en digitale inclusie. ABC Impact maakt deel uit van Temasek Trust Asset Management en wordt gesteund door Temasek Trust, Temasek, de Aziatische Ontwikkelingsbank en andere vooraanstaande institutionele investeerders.

Als ondertekenaar van de Principles for Responsible Investment en de Operating Principles for Impact Management, past ABC Impact een rigoureus, op feiten gebaseerd kader voor impactmeting en -beheer toe om doeltreffendheid en verantwoordelijkheid te garanderen. ABC Impact zet zich in om privékapitaal te mobiliseren voor een duurzamer en inclusiever Azië.

Ga naar www.abcimpact.com.sg voor meer informatie.

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