HUNTINGTON, N.Y., Feb. 10, 2025 — Sen-Jam Pharmaceutical, a pioneering biotech company dedicated to innovative anti-inflammatory solutions, is pleased to announce its engagement with Destum Partners, a leading advisory firm specializing in biopharma transactions. This strategic collaboration will focus on securing licensing, co-development, and potential M&A opportunities for Sen-Jam’s two lead assets, SJP-001 (Overindulgence of Food and Alcohol) and SJP-002C (COVID-19/Upper Respiratory Infections).

Strategic Growth Through Partnerships

This engagement with Destum Partners aligns with Sen-Jam’s mission to bring groundbreaking treatments to market while maximizing shareholder value. Key objectives of the collaboration include:

• Identifying and securing strategic licensing and co-development partners to accelerate commercialization.
• Leveraging Destum Partners’ extensive industry network across Big Pharma, mid-sized biotech, and consumer health companies.
• Exploring potential M&A transactions to enhance company growth and investor returns.
• Executing a structured transaction process, including outreach, due diligence, valuation modeling, term-sheet negotiations, and deal closure.

Investor Benefits: Fractional Royalty Rights (FRR) on SJP-001

A critical component of this initiative is its direct impact on Sen-Jam’s Fractional Royalty Right (FRR) program. Investors participating in the FRR program stand to benefit from licensing revenue generated by SJP-001. A successful licensing agreement would initiate royalty-based revenue streams, with the first investor royalty distributions targeted within 6-12 months post-licensing. This structured approach ensures tangible financial benefits for FRR holders, tying investment success to Sen-Jam’s commercial achievements.

Why Destum Partners?

Destum Partners brings an impressive track record of over $5.0 billion in completed transactions and 80+ years of combined experience in pharmaceutical and healthcare deal-making. Their expertise in valuation modeling, strategic advisory services, and transaction execution will be instrumental in securing optimal partnerships for SJP-001 and SJP-002C.

“We are thrilled to be partnering with Sen-Jam Pharmaceutical at such a pivotal moment in their journey,” said Matt Vanderberg, Managing Director & Partner at Destum Partners. “Their innovative approach to inflammation management has the potential to redefine patient care, and we look forward to leveraging our expertise to secure the right partners to bring these groundbreaking therapeutics to market.“

Next Steps & Strategic Milestones

Destum Partners has already initiated a formal transaction process, beginning with the completion of the Market Analysis and Valuation for SJP-001 and SJP-002C in 2024. Key upcoming milestones include:

• BIO-Europe Spring – March 2025 (Milan)
• BIO International – June 2025 (Boston)
• BIO-Europe Fall – November 2025 (Vienna)

These events, coupled with Destum Partners’ extensive industry network, provide vital opportunities for discussions, due diligence, and negotiations with potential strategic partners.

Maximizing Investor Value & Commercial Impact

This partnership underscores Sen-Jam’s commitment to delivering long-term shareholder value by advancing SJP-001 and SJP-002C toward commercialization through strategic collaborations. By engaging Destum Partners, Sen-Jam is accelerating its path to market, unlocking new revenue opportunities, and positioning itself as a leader in the next generation of anti-inflammatory therapeutics.

Sen-Jam Pharmaceutical will continue to update stakeholders as discussions progress, milestones are achieved, and pivotal licensing opportunities materialize. With each strategic step, the company solidifies its trajectory toward market success and capital return to investors.

“We are ecstatic to see our therapeutics moving closer to commercialization, and to create significant value for our investors and the broader healthcare community,” said Jim Iversen, Co-Founder/CEO at Sen-Jam Pharmaceutical.

About Sen-Jam Pharmaceutical

Sen-Jam Pharmaceutical is committed to revolutionizing inflammation treatment with its Pleiotropic Anti-Inflammatory Remedies (PAIR) technology, targeting mast cell modulation for superior patient outcomes. Sen-Jam delivers precision therapies that work in harmony with the body’s immune system to mitigate systemic risks associated with chronic inflammation while supporting long-term health and vitality. Sen-Jam aims to disrupt traditional approaches to inflammation management and redefine pharmaceutical care. To learn more visit wefunder.com/senjam.

About Destum Partners

Destum Partners is a premier life sciences advisory firm specializing in M&A, licensing, and strategic partnerships. With extensive expertise in biopharma deal-making, Destum Partners supports companies in achieving transformative growth through strategic transactions.

CONTACT INFORMATION:

Sen-Jam Pharmaceutical

Christine Leonard

781-913-1902

SOURCE Sen-Jam Pharmaceutical

TORONTO, Feb. 10, 2025  — Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company’s commitment to driving innovation and delivering customer value.

Continuing to operate under the name Thomson Reuters Ventures, Fund 2 will focus on early-stage technology companies across Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.

Thomson Reuters Ventures will continue to invest in companies shaping the future of professional work, aligning emerging technologies with the company’s mission to bring its customers products that empower informed decisions and efficient workflows.

Doubling Down on Innovation

“Thomson Reuters Ventures is a pivotal component of the company’s ‘Build, Partner, Buy’ strategy. Fund 2 underscores our commitment to maintaining a leadership position by investing in innovative companies that align with our strategic focus,” said Tamara Steffens, Managing Director, Thomson Reuters Ventures. “Through this larger fund, we’re expanding our ability to identify and support companies at the forefront of change.”

Thomson Reuters Ventures has already made 23 investments through its first fund. Notable successes include the investment in Materia, an agentic AI company later acquired by Thomson Reuters to enhance its AI capabilities for tax, audit, and accounting professionals.

Strategic Focus Areas

Fund 2 will target Series A investments, with flexibility to explore earlier and later-stage opportunities. The Thomson Reuters Ventures investment approach will continue to be one of financial discipline, focusing on companies developing technologies that address the most pressing challenges faced by professionals today, including realizing the transformative potential of Gen AI.

“Our investment strategy goes beyond financial returns,” said Steffens. “We’re committed to fostering innovation guided by the needs of our customers and the broader professional markets we serve. By collaborating with visionary founders, we can help scale transformative solutions while reinforcing our leadership in professional technology.”

Supporting Visionary Founders

“Thomson Reuters Ventures and their investment in Truewind has been instrumental in our growth,” said Alex Lee, CEO of Truewind. “Their thoughtful partnership and expertise helped us develop a strategic relationship with the Thomson Reuters tax and accounting software team, accelerating our ability to deliver value to customers.”

For more information about Thomson Reuters Ventures, please visit https://www.trventures.com/

Thomson Reuters

Thomson Reuters (TSX/NYSE: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.

Contacts

Kent Carter
[email protected]

SOURCE Thomson Reuters

The restaurant industry is undergoing a fundamental transformation, driven by evolving customer behaviors and digital engagement channels including online ordering systems and delivery services. Boostly addresses this shift by providing an SMS marketing platform that leverages behavioral-based marketing and gamified texting experiences, delivering engagement rates 10x higher than standard text marketing offers. With a patent-pending process that aggregates restaurant customer data and accelerates SMS subscriber opt-in 5x faster than traditional solutions, Boostly is redefining how restaurants connect with their customers.

Boostly currently serves over 1,200 restaurant locations across the U.S. and Canada, demonstrating the rapid adoption and the effectiveness of its platform. Founded by restaurant-tech veterans Shane and Mikey Murphy, who previously built and sold an online ordering company and led a restaurant operations software firm, Boostly is driven by a deep understanding of restaurateurs’ needs and challenges.

“Restaurant owners are among the hardest working individuals in our country, managing operations while actively working alongside their staff everyday,” said Shane Murphy, Co-Founder and CEO of Boostly. “They need a marketing system that operates on autopilot, provides clear ROI, and makes their life simple. We’ve gamified the SMS marketing experience in order to produce exponentially more engagement and revenue than traditional marketing options available to restaurant owners. Our success is directly tied to our customers’ success, and our platform is designed to provide rocket fuel that helps them grow.”

Restaurants accumulate vast amounts of valuable customer data through daily operations, yet many struggle to leverage it effectively. Boostly’s platform transforms this untapped resource into actionable insights, enabling restaurants to drive repeat business and enhance customer loyalty. By integrating first-party data from multiple sources, Boostly builds fully compliant, opted-in audiences, empowering restaurant owners with automated, intelligent marketing campaigns that generate millions in incremental revenue and thousands of real-time customer reviews.

Boostly’s dedication to restaurant owners extends beyond technology. The company delivers an intuitive, elegantly designed platform supported by transparent reporting, revenue attribution, and white-glove customer service, ensuring measurable impact while allowing restaurateurs to focus on running their businesses.

Matt Melymuka, Co-Founder and Managing Partner at PeakSpan Capital, who will join Boostly’s board of directors, emphasized the company’s significance in the evolving marketing landscape: “With increasing privacy regulations limiting traditional digital advertising, first-party data has become a critical asset. Most restaurants sit on a goldmine of customer data but lack the tools to harness it effectively. Boostly provides a fully compliant, automated solution to transform this data into revenue-driving engagement. Shane and Mikey exemplify the type of entrepreneurs we seek—visionary, capital-efficient, and dedicated to solving a massive market need. We are thrilled to partner with Boostly in this next phase of growth.”

About Boostly

Founded in 2017 by Shane and Mikey Murphy, Boostly is the leading SMS marketing platform for restaurants, utilizing behavioral-based marketing and gamified experiences to drive customer engagement and revenue. With a suite of solutions, including automated SMS campaigns, automated phone assistants, and real-time feedback monitoring, Boostly helps restaurants build lasting customer relationships. Headquartered in Lehi, Utah, Boostly’s team is committed to empowering restaurants with cutting-edge marketing solutions. For more information, visit www.boostly.com.

About PeakSpan Capital

PeakSpan Capital is a growth equity firm with over $1.5 billion in assets under management, based in New York City and San Mateo. Specializing in high-growth software businesses, PeakSpan partners with entrepreneurs to drive resilient, risk-adjusted value creation. With a deep focus on select market themes and a proprietary technology platform, PeakSpan delivers strategic insights to support founders in scaling their businesses. To learn more, visit www.peakspancapital.com.

Media Contacts
Ryan Roberts
[email protected]
(800) 720-7738

Shane Murphy
(800) 720-7738

SOURCE Boostly

Partnership to accelerate expansion and help fuel Greyson’s journey to becoming a leader in the premium performance apparel market

DETROIT, Feb. 7, 2025 — Detroit-based company Greyson Clothiers, a leading premium performance apparel brand at the forefront of sport, announces the successful completion of a $20 Million Series A strategic growth capital raise.

This funding round was led by NewBound Ventures and Chris Koch, CEO of NewEra, with participation from Tom Nolan, CEO of Kendra Scott and David Chu, Founder of Nautica, as well as ongoing support from existing investors. Mr. Nolan and Mr. Chu will be joining the board of directors as will Michael Hoffman of NewBound. In prior investment rounds, the Company has strategically expanded its community with participation from brand supporters including Justin Timberlake, Larry Fitzgerald, Dylan Larkin, Eric Church, and various PGA tour players including Justin Thomas. The consortium of like-minded individuals will prove to be powerful both tactically and strategically in the next phase for Greyson.

The new capital will enable Greyson to scale its operations further across international expansion, brick-and-mortar retail stores, direct-to-consumer (DTC) channels, and wholesale partnerships. Greyson has expanded its retail presence into several communities inclusive of Denver, West Palm Beach, New York, New Orleans and Atlanta. Additionally, with the recent entrance into womenswear, Greyson’s growth is poised to surpass expectations, propelling the brand into everyday lifestyle. Greyson continues to carve out its unique positions, blending performance-based apparel with sophisticated luxury design to meet the needs of modern lifestyles.

“The opportunity to have these amazing individuals join our community (Pack) is beyond a dream. I have had the great fortune to develop strong friendships with all these inspiring and driven people. Our stories are now shared with the same motivation: to build a Pack based of loyalty, passion and the motivation to create,” states Charlie Schaefer, founder and CEO.

NewBound Ventures founder and managing partner Michael Hoffman expressed confidence in the brand’s potential, stating, “We are excited to support Greyson as it continues to innovate and lead the market in premium performance lifestyle apparel. We are consistently impressed with their ability to create clear go-to-market strategies based off storytelling and specialized products.”

This raise also underscores the commitment of Greyson’s existing investors, who participated in the round to demonstrate their continued belief in the company’s vision and growth strategy. “Our Pack is at the core of who we are, from our roots in Detroit to our earliest believers and for this, I am humbled,” says Charlie.

Since inception nine years ago, Greyson has experienced rapid growth surpassing over 2,500 points of distribution. The brand’s loyal community, combined with innovative products, has positioned it as a leader in premium performance apparel.

About Greyson Clothiers

Greyson creates premium lifestyle apparel inspired by sport and the active daily routine – an integration of golf, racquet, fitness, and everyday essentials with an elevated perspective and refined sophistication. As a values-based business, Greyson has evolved into a community, built on the values of creativity, loyalty, and camaraderie.

Founded in 2015, Greyson delivers elevated everyday pieces that are designed with top technical properties to effortlessly transition through daily routines. With 13 years of design experience at Ralph Lauren, specifically in design and sport, founder Charlie Schaefer set out to build products that create the perfect juxtaposition of sport and luxury.

Greyson is available across multiple countries around the globe through a network of retail locations, e-commerce, and strategic partnerships with key national and regional retailers.

About NewBound Ventures

NewBound Ventures invests in category-defining consumer brands across passion-driven sectors including sports and apparel. NewBound focuses on partnering with founder-led companies that have cultivated enthusiastic and dedicated consumer communities around their brands. By leveraging its extensive network of entrepreneurs and operators, NewBound helps its portfolio companies scale profitably and establish themselves as industry leaders.

Chris Koch is the fourth-generation CEO of New Era Cap. New Era Cap, the owner of the New Era and ’47 brands, is the world’s leading headwear brand across sports, fashion, music, and entertainment, with a global footprint that spans over 110 countries with 42,000 points of distribution. Chris brings a wealth of experience in global operations, licensing, distribution, and brand development.

Media Contacts:
Dane Muller
VP Marketing
[email protected]

Nicole Kaldes
[email protected]
646-249-0713

SOURCE Greyson Clothiers

DETROIT, Feb. 7, 2025 — InvestNext, a Detroit-based real estate investment management platform, announced today the successful completion of its $15 million Series B funding round. The investment, led by Beringea, is part of a strategic move to evolve and expand the platform to help firms navigate increasing regulatory complexities and investor demands.

“Amid increasing regulatory scrutiny and a real estate capital market that is more accessible than ever, it is crucial for firms to be equipped to scale efficiently, adapt to a growing base of sophisticated LPs and capital partners, and navigate risk while maintaining compliance with the SEC and other regulatory frameworks,” said Kevin Heras, Co-Founder and CEO of InvestNext. “This funding enables us to continue building the connected platform for real estate private capital and deliver the same level of access and transparency to private real estate markets that investors have in public markets.”

InvestNext is the leading solution for real estate investment professionals to raise and manage capital more efficiently. The platform is designed to expedite capital raising and ensure greater accuracy in the work of General Partners, Finance Leaders, Compliance Officers, and Investor Relations teams. Since its inception, InvestNext has focused on building fully digital solutions to the most complex and nuanced workflows in real estate investing, including investor subscription documentation and accreditation, secure payments, waterfall distributions, automated cap table management, and K-1 disseminations.

With personnel across the US and Canada, InvestNext has over 1,600 GP clients, helping them manage over 70,000 global investors across 105,000 active investments. The company also boasts an industry-leading 96% customer retention rate, showing their dedication to providing exceptional value and building long-term relationships with their clients.

Despite the numerous challenges in tech and real estate over the last several years, InvestNext has continued to deliver consistent growth and exceptional retention, making it a top performer in the tech sector. However, co-founders Kevin Heras, Michael Gisi, and Matthew Attou have always held a firm belief that stable and scalable growth is essential to their path forward, a perspective that greatly impacted their approach to raising Series B.

Co-founder and Chief Product Officer Matthew Attou states, “Many clients choose InvestNext not only because of our product, but also because they align with our values and operational principles. It was incredibly important to us that we align with our investors the same way – and we feel like we’ve been able to do that with this Series B.”

InvestNext’s partnership with Beringea signals an important milestone in their journey, but their focus remains the same. As a product-centric company, InvestNext is determined to build the most compliant and secure investment management platform on the market, equipping clients to meet challenges like increased regulatory scrutiny in real estate head on.

“The InvestNext platform is not just innovative—it’s empowering key stakeholders like general partners, finance leaders, compliance officers, and investor relations teams to work more efficiently and develop stronger ties with their investors,” said Ben Bernstein, Principal at Beringea and incoming InvestNext board director. “That’s the kind of transformational solution we’re excited to support as it scales to meet increasing demand in the real estate investing space.”

InvestNext’s success is a testament to their commitment to transparency, innovation, and solving the most critical challenges in real estate investment management.

Whitecap Venture Partners, a long time investor in Prop Tech, is excited to reinvest in InvestNext. “With a strong team and best in class product, we are confident they will continue to drive growth and disruption in the industry,” said Shayn Diamond, Partner.

With this new funding, InvestNext will expand its platform capabilities, introducing new tools to help GPs navigate compliance, capital raising, and investor engagement with greater efficiency. The company remains committed to delivering exceptional support while building a future-proof platform that empowers real estate investment firms to scale with confidence.

Book your demo to see if InvestNext is a great fit for your firm: https://investnext.com.

About InvestNext:
InvestNext is a cutting-edge real estate investment management platform for raising and managing capital more efficiently. With industry-leading technology for fundraising, investor management, compliance tracking, and financial automation, InvestNext empowers real estate investment funds and syndicates to save time on operations and build lasting investor loyalty. Based in Detroit with employees across the US and Canada, InvestNext is trusted by over 1,600 general partners and 70,000 investors. Learn more at investnext.com.

About Beringea:
Beringea is a venture capital firm empowering entrepreneurs across the U.S., U.K., and Europe to build great businesses. With offices in Detroit and London and over $715 million under management in the United States and United Kingdom, their three decade-long track record of successful investing across every major industry has cultivated an exceptional network throughout the technology and investment communities. Learn more at beringea.com.

About Whitecap Venture Partners:
Whitecap Venture Partners is a Canadian VC firm with a track record spanning three decades and five funds. Whitecap V closed in 2021 with a fund size of $150M, supported by leading institutions and family offices, and is focused on lead investments in early-stage financings across Canada. Whitecap focuses on B2B software and MedTech opportunities, areas where the team of long-time investors and former operators have deep expertise, and works closely with founders to support portfolio companies post-investment. Learn more at whitecapvp.com.

Contact: Andrew Berg
Sr. Director, Marketing
469-571-3262
[email protected]

SOURCE InvestNext

MARLBOROUGH, Mass., Feb. 7, 2025 — Edacious, a multi-disciplinary technology company transforming the relationship between agriculture and human health, today announced the successful close of its $8.1 million Series Seed funding round. The round was led by Patagonia’s Tin Shed Ventures, with participation from the Nest Family Office, Trailhead Capital, Grantham Environmental Trust’s Neglected Climate Opportunities, iSelect Capital, First Thirty, Pelican Ag, and other private investors.

With this seed funding, Edacious will scale operations, enhance its proprietary tools, and deepen collaborations across the food system to create a more transparent food system and healthier planet.

“At Edacious, we have the data and technology to reveal how genetics, soil health, and management practices impact nutrition in our food,” said Eric Smith, Edacious founder and CEO. “This funding allows us to build the platform necessary to break the cycle of commoditization by empowering producers and consumers with verified, actionable data for food quality differentiation.”

The modern food system prioritizes yield above all else, yet the disconnect between food production and human health continues to grow. Focusing on quantity has led to declining food quality, environmental degradation, and poor nutrition.

Edacious is unlocking comparative benchmarks for whole foods and ingredients to dispel the idea that nutrition is a single data point. Most retailers and consumers, for example, treat apples as nutritionally identical. However, Edacious’ data reveals that in groups of similar foods, like apples, key nutrient levels may vary up to 10x.

By measuring more than 200 compounds essential to human health, Edacious provides unprecedented insight into what drives nutritional differences and their implications for producers, brands, markets, and policymakers.

“Nutritional transparency has the potential to reshape our food system,” added Paul Lightfoot, General Manager of Patagonia Provisions. “Edacious’ approach not only advances soil health but also empowers producers and consumers with critical data to make informed choices. We’re proud to support a company making such a profound impact on both human and environmental health.”

In pursuit of a food system that prioritizes human and planetary health, Edacious delivers two core solutions:

• A next-generation food lab that replaces incomplete and costly testing services with a streamlined, affordable analysis of nutrients, including vitamins, minerals, fats, proteins, and carbohydrates
• A science-based software platform that allows users to understand, compare, benchmark, and share nutrition data and insights within and outside their organizations

“Nutrient density should be the catalyst for full food and agriculture value chain transformation,” said Pete Oberle of Trailhead Capital. “Edacious is making that possible by measuring and mapping nutrient density 10 times faster and cheaper, with an intuitive interface that incentivizes and enables the best regenerative practices from producer to consumer.”

These tools provide actionable insights for producers, consumer packaged goods (CPG) brands, genetics companies, ingredient manufacturers, and retailers—enabling them to measure and communicate the nutritional quality of whole foods, ultimately connecting the dots to their impacts on human health. By making this data accessible and actionable, Edacious is setting a new standard for nutritional measurement and transparency, driving demand for foods that are better for people and the planet.

About Edacious

Edacious is a multi-disciplinary technology company dedicated to transforming the global food system through nutritional transparency. By connecting the dots between agriculture and human health, Edacious empowers producers and consumers with the tools and data needed to prioritize nutrition, flavor, and sustainability. To learn more, visit www.edacious.com.

Media Contact

David Ganske
DG+Design
[email protected]

SOURCE Edacious

Funding Fuels Expansion of White-labeled Experiential Technology for Global Brands

MIAMI, Feb. 6, 2025 — Superlogic, a trailblazer in experiential rewards technology, today announced a first closing of $13.7 million in its Series A funding round. Led by Powerledger, the round also saw participation from prominent investors, including Sangha Capital, 10SQ, Nima Capital, Actai Unicorn Fund, Hyla Liquid Venture Fund, Liquid 2 Ventures. Other Superlogic investors also include leading enterprises and blockchain funds such as Amex Ventures, Galaxy Interactive, Mirabaud Lifestyle Impact and Innovation, Recharge Capital, Dispersion Capital, Sanctor Capital and more. The investment boosts Superlogic’s total equity funding to over $21 million, accelerating the company’s mission of transforming consumer engagement by providing next-gen rewards technology and “money-can’t-buy” experiences at scale to top global brands.

Superlogic’s platform leverages AI-driven insights to connect customers with experiences tailored to their interests. Whether it’s courtside seats to an NBA Finals game, tickets to exclusive music festivals, private dining with world-renowned chefs, or cultural deep-dives like a behind-the-scenes look at a Broadway production, Superlogic delivers world-class experiential inventory at scale to some of the world’s top loyalty programs via seamless API integration, or turn-key white-labeled platform, enabling brands to deliver personalized programs that increase loyalty and drive deeper engagement.

“Experiential is the new frontier of loyalty. Superlogic is the first company to deliver both unmatched experience inventory at scale AND next-gen engagement technology to major brands,” said Lin Dai, CEO and Co-Founder of Superlogic. “This investment is a testament to the transformative potential of our platform. With this funding, we’re ready to meet the market demand, and bring our next-gen technology and experiences to tens of millions more consumers.”

The funding comes as Superlogic continues to expand its platform capabilities and scale its partnerships, powering loyalty programs for global enterprises. Dr. Jemma Green, Executive Chairman of Powerledger, and best-selling author of the transformative book, Empathy and Understanding In Business, will be joining industry leaders including Stephen Cooper, previously CEO of Warner Music Group, on Superlogic’s board of directors. Dr. Green will bring a unique perspective to the board, guiding Superlogic in integrating environmental accountability into loyalty programs, opening up new opportunities for brands and consumers to embrace sustainability.

“We see incredible potential in transforming consumer behavior through meaningful rewards, and we’re thrilled to support a company like Superlogic that’s redefining experiential engagement,” said Dr. Jemma Green, CEO and Co-founder of Powerledger. “I’m excited to join the board and I look forward to working with Lin and the Superlogic team to create new loyalty experiences that’s not just effortless but also impactful for brands and consumers.”

For more information, visit http://www.superlogic.com.

About Superlogic
Superlogic is the leading provider of world-class experiential inventory and rewards technology. Our enterprise-grade white-labeled platform enhances major brand loyalty offerings by bringing together the best of global music, sports, dining and culture to consumers around the world. www.superlogic.com.

Media Contact:
Jessica Ortiz, VP
[email protected]
Ditto PR

SOURCE Superlogic

MINNEAPOLIS, Feb. 6, 2025 — Traction Capital is proud to announce that Matt Meents has joined the firm full-time as a Strategic Growth Partner. In this role, Meents will work closely with existing portfolio companies while also supporting future investments as Traction Capital prepares to launch its second fund in Q1/Q2 of 2025.

Meents has been a key member of the Traction Capital Advisory Committee, offering strategic insights and guidance on investment decisions. Now, as he steps into this full-time role, he will leverage his expertise to help founders navigate growth challenges, scale efficiently, and achieve long-term success.

With over 25 years of experience in building, scaling, and transitioning high-growth companies, Meents is a visionary entrepreneur and leader in the startup and venture space. As Co-Founder & CEO of Magnet360, he scaled the company from bootstrapped origins to $50M in annual revenue, serving Fortune 2000 clients and earning investment from Salesforce Ventures before a successful acquisition by Mindtree in 2016. He later Co-Founded Yardstik, a VC-backed SaaS platform, where he drove growth, improved margins, and built revenue predictability before transitioning to a board leadership role. Both Yardstik and Magnet360 have earned multiple Best Place to Work accolades and are innovation award winners.

Beyond his entrepreneurial success, Meents is passionate about mentoring and equipping the next generation of founders. He teaches entrepreneurship at the University of St. Thomas, speaks frequently on leadership and culture, and shares his deep expertise in EOS^® (Entrepreneurial Operating System^®) —bringing practical frameworks to help companies thrive.

“We are beyond excited to welcome Matt to the Traction Capital team,” said Shane Erickson, Founder and Managing Partner of Traction Capital. “His ability to scale businesses, build award-winning cultures, and create momentum will be invaluable to our portfolio companies. As we gear up for Fund II, Matt’s expertise will help founders navigate growth challenges, unlock new opportunities, and ultimately drive success.”

Meents sees this new role at Traction Capital as a natural extension of his journey, allowing him to leverage his experience to help other founders succeed. “I’m at a stage where I can take everything I’ve learned—bootstrapping Magnet360, scaling Yardstik through VC funding—and use that experience to help other founders achieve more. Through teaching and Traction Capital, I have the opportunity to empower the next generation, amplify their possibilities, and create impact at scale. This is a new challenge, but one that aligns perfectly with my purpose, my strengths, and the integrated life I want to live.”

As Traction Capital continues to invest in high-growth companies and founders with a vision, Meents will play a key role in providing hands-on strategic guidance, ensuring businesses have the tools and leadership needed to scale effectively.

About Traction Capital:  
Traction Capital is a Minnesota-based growth equity firm comprised of successful business owners and entrepreneurs. Founded in 2020, the firm invests in and acquires Minnesota and Midwest early-stage and profitable companies stuck in the “capital gap”. Traction Capital believes that investing both financial and “smart” capital with a proven business management process (EOS^®) during this critical stage sets businesses up for more rapid growth. They help founders with strategy and execution through their own experiences and that of their investors, to scale and exit at attractive valuations. 

For more information, please visit: https://tractioncapital.com/ 

Ellie Pigott
(515) 423-9210
[email protected]

SOURCE Traction Capital

CHEVY CHASE, Md., Feb. 6, 2025 — FCP® has closed on a $16.7 million preferred equity investment through its Structured Investments platform to finance Royal Palm at Nona, a 320-unit, Class A multifamily development adjacent to Lake Nona in Orlando, FL. The project, located at 14630 New Creek Avenue, is being developed by Royal Palm Companies, a leading institutional-quality sponsor with a track record of delivering best-in-class residential communities.

“FCP is actively deploying capital to support high-quality developments in growth-oriented markets and Lake Nona is a prime example of the type of submarket where we see long-term opportunity,” said Bruce Gago, who leads FCP’s Florida office. “This transaction underscores our ability to provide flexible, strategic capital to experienced sponsors like Royal Palm Companies, who are developing in-demand housing in supply-constrained markets.”

Billy Herbert, a leader on FCP’s development team, added, “Royal Palm at Nona will deliver a highly amenitized, modern residential community in one of Orlando’s most dynamic submarkets. With proximity to the Central Florida Greenway, Florida’s Turnpike, and Orlando International Airport, the project will benefit from sustained demand fueled by the area’s booming health and life sciences industry, anchored by the renowned Medical City master-planned district.”

“With Royal Palm at Nona, we are setting a new standard for luxury living in one of Orlando’s most dynamic and innovative communities,” said Dan Kodsi, CEO of Royal Palm Companies. Kodsi continued, “This project represents our commitment to creating high-quality, thoughtfully designed spaces that elevate the lifestyle of our residents while fostering community growth and enhancing the surrounding area. By integrating modern design with sustainable and luxurious amenities, we aim to deliver an exceptional living experience that benefits our residents, partners, and the Lake Nona region as a whole. This development will set a new benchmark for elevated living in the Orlando area.”

FCP and Royal Palm Companies extend their appreciation to Patrick Dufour and Scott Ramey of Newmark Florida for arranging this transaction.

About FCP
FCP_® is a privately held real estate investment company that has invested in or financed more than $13.1 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit fcpdc.com.

About Royal Palm Companies
Royal Palm Companies (RPC) is a leading real estate development firm with more than 40 years of experience delivering transformative projects that redefine suburban and urban living. Established in the 1970s, RPC has developed an impressive portfolio of more than 9,500 units across mixed-use developments, multifamily residences, and luxury hospitality projects, with a combined asset value exceeding $4.7 billion. Under Daniel Kodsi’s leadership, RPC has earned a reputation for innovation, quality, and sustainability. Leveraging a global network of investors from more than 50 countries, RPC continues to set new benchmarks in real estate development. For information about their latest investment opportunities, visit www.participantcapital.com.

Media Contact: Karen Widmayer
KW Communications, LLC           
[email protected]
301-661-1448

SOURCE FCP