DUBAI, UAE, Oct. 3, 2024 — Kings Group Ventures (KGV), a Dubai-based strategic investment firm, is pleased to announce investment in South Africa-based company Way Media (WM). The funds from this investment will be used to expand Way Media’s facilities in South Africa and further develop its international presence.

This strategic investment is aimed at not only providing capital but also supporting WM’s growth through a complementary relationship. In addition to the financial backing, KGV will assist in expanding WM’s delivery network, leveraging KGV’s India-based development centers to provide content and technical services. This unique collaboration aligns both companies’ strengths, enhancing WM’s operational efficiency and reach.

Kartik Anand, Chairman of Kings Group Ventures, stated:

“This investment is strategic in nature, as it goes beyond financial support. We see tremendous potential in WM, and our goal is to contribute meaningfully to their expansion efforts by providing both resources and expertise. Our India-based development centers will play a pivotal role in strengthening WM’s content development, delivery and technical infrastructure, fostering growth on multiple fronts. This partnership is highly complementary, as both companies bring strengths that will enable each other to thrive in new markets.”*

Kevin Hope, Founder of WM, shared his enthusiasm about the collaboration:

“Kings Group Ventures is not just an investor; they are a strategic partner. Their involvement goes beyond funding, as they will provide the expertise and technical capabilities, we need to grow our delivery network and expand internationally. We are excited about this collaboration and the significant role KGV will play in driving our business forward.”

The partnership reflects the growth-centric nature of the two companies, combining Kings Group Ventures’ resources and global reach with WM’s innovation and expertise in B2B digital media. Together, they are well-positioned to achieve substantial growth and expansion.

For more information, please contact:

[email protected] 

About Kings Group Ventures

Kings Group Ventures is a Dubai-based investment firm specializing in strategic investments across various sectors. With a focus on innovation, growth, and expanding into new markets, KGV partners with companies to provide not only capital but also operational support and technical services. KGV manages companies in sectors like technology, media, digital marketing, food, hospitality, aviation, fashion and manufacturing.

About Way Media

Way Media is a leading B2B digital media and communications company based in South Africa. Known for its creative and impactful media solutions, WM aims to reach diverse audiences through innovative content and strategic growth initiatives. WM offers its services from Cape Town and Johannesburg delivery locations.

Media Contact:
Kelly McGrath
[email protected]

SOURCE Kings Group Ventures

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BENTONVILLE, Ark., Oct. 3, 2024 — On a mission to create an epic wave of comeback stories and transform the recovery landscape, Empathy Health Technologies secured approximately $2.8M in seed funding to expand the impact of their digital health app, Sober Sidekick.

The Sober Sidekick app, designed to support individuals on their recovery journey, has quickly become a prominent resource in the health tech community, reaching nearly 500,000 downloads. With close to 1,000 new users joining daily, Sober Sidekick is now a leading platform for those seeking addiction and recovery support, consistently ranking at the top in its category.

Currently, 40 million adults in the U.S. are affected by substance use disorder, yet only 1 in 7 receive treatment annually. The financial burden on the healthcare system is substantial, with treatment costs exceeding $50 billion annually and one-year sobriety success rates remaining in the low single digits. Sober Sidekick is addressing this gap by fostering a supportive community for individuals managing their recovery.

Founder and CEO Chris Thompson, who launched Sober Sidekick in 2019 to meet his own recovery needs, has since dedicated the platform to empowering thousands, and potentially millions, to share their comeback stories. “I am alive because the right people showed up for me at my most critical moments. They were not paid professionals, but regular people who overcame something similar. I am one of the lucky ones, and Sober Sidekick exists to create a world where connecting with the right people at the right time is no longer up to chance.” said Thompson. “Relapse, overdoses, and suicides typically do not happen in clinics or therapy sessions, they happen when people are alone in their darkest moments. Sober Sidekick exists to be a light in their darkest moments as they overcome generational curses to create their epic comeback stories of recovery.”

The recent funding round, which includes investments from HealthX Ventures, Nina Capital, Ikigai Growth Partners, 46 Ventures, The Venture Center, High Street Equity Partners, and Suncoast Ventures, along with angel investors, will enable Sober Sidekick to scale operations and deepen its engagement with the healthcare community. Notably, Sober Sidekick has recently closed two pilots with one of the largest insurance providers globally.

Major health plans and national providers are among the early adopters of the Sober Sidekick solution, recognizing its potential to enhance patient outcomes and reduce healthcare costs associated with relapse. Sober Sidekick is dedicated to expanding its resources to meet users wherever they are on their recovery journey, ensuring they have access to support whenever they are ready to seek it.

Additionally, a third-party study has shown that the app reduces reported relapse rates by 48% when an individual has at least one engagement on the platform. With its wealth of user data, Sober Sidekick can predict reported relapses with over 90% accuracy, allowing for timely interventions when appropriate.

With this investment, Sober Sidekick aims to support its growing user base and expand its impact in the healthcare sector, providing vital support and resources for those in recovery.

SOURCE Sober Sidekick

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First private fertility insurance solution aims to address global reproductive health crisis

CALGARY, AB, Oct. 3, 2024 — Flora Fertility, an innovative insurtech company, today announced the successful close of its oversubscribed pre-seed funding round, raising $1.5M. This investment will drive the launch of Flora’s first-of-its-kind private fertility insurance product across the U.S. and Canada, making fertility treatment more accessible and affordable for millions.

Led by Highline Beta (Toronto) fund & venture studio and co-invested by Cartography Capital (Bay Area), Everywhere Ventures (New York/LA), and a strategic group of angel investors—including executives from the insurance, technology, and financial services industries—this funding round reflects the immense potential Flora holds in transforming fertility care.

Addressing a Global Crisis

Infertility affects 1 in 6 individuals, yet the cost of fertility treatments can exceed $50,000, with the majority of patients paying out of pocket. In April 2023, the World Health Organization classified infertility as a global health issue, emphasizing the urgent need for new funding mechanisms.

Flora Fertility is pioneering a new approach. Unlike traditional models that rely on loans or group offerings that lack portability, Flora offers the first individually-owned fertility insurance solution, empowering individuals to take control of their reproductive health, no matter where they work or live. Initially targeting women as the primary policyholders, Flora’s insurance plan will be available through partnerships with women’s health apps, SMB employers, and other channels across North America.

“Our mission is simple: we want to make fertility care accessible and affordable for everyone,” said Laura J. McDonald, co-founder of Flora Fertility. “With our unique solution, women and families can proactively safeguard their reproductive future. The overwhelming response we’ve received demonstrates how deeply this resonates with future policyholders.”

Unmatched Expertise Driving Innovation

The founding team, consisting of Laura J. McDonald, Dr. Christy Lane, and Somil Jain, brings decades of experience in data analytics, actuarial modeling, and financial services

marketing. Flora is the first company to develop individual risk models for fertility insurance, a groundbreaking achievement that integrates cutting-edge research with practical insurance solutions.

“No one has created an individual risk model for fertility until now,” said Dr. Christy Lane, co-founder of Flora. “We’re proud to lead this innovation, leveraging our expertise in women’s health, data science, and actuarial modeling to deliver a solution that will fundamentally change how people finance fertility treatments, especially in underserved and underfunded markets.”

“We believe insurance can and should have a massive positive impact on people’s everyday lives and well-being. We’re excited to be able to innovate in this uncharted space,” added Somil Jain.

Investor Support

Marcus Daniels, Founding Partner and CEO of Highline Beta, commented:

“Flora Fertility’s founders are boldly making a huge impact in women’s health with an innovative insurance solution. Fantastic to see the high investor & strategic engagement beyond Highline Beta’s venture studio support to further validate their exponential potential.”

Ben Stein, General Partner at Cartography Capital, added:

“Every journey to parenthood is unique and Flora is a product that people need, and insurance underwriters want. We’re long overdue for underwriting models and insurance products created specifically for women, by women.”

Jenny Fielding, Co-Founder & Managing Partner at Everywhere Ventures, remarked:

“Flora Fertility is democratizing access to fertility care, and this aligns with our thesis around a more fragmented future of work. There is growing demand for personalized health coverage, especially in a work environment where not everyone works at a Fortune 500 company. We’re proud to back a world positive company that’s making critical health benefits more accessible for people, and that aligns with how they want to work today, and in the future.”

About Flora Fertility Inc.

Flora Fertility Inc. is transforming the way fertility treatments are funded through the development of the first individually-owned fertility insurance solution. By making treatment options affordable and accessible, Flora aims to empower the next generation of parents. Our distribution partnerships span women’s health apps, SMB employers, and embedded platforms, collectively reaching over 10 million prospective parents across the U.S. and Canada. Flora is a graduate of the InsurTech NY MGA Lab Fall 2023 cohort. Visit us at heyflora.co.

SOURCE Flora

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WALTHAM, Mass., Oct. 3, 2024 — Buyers Edge Platform, the leading software and analytics company providing data-driven insights and technology to the foodservice industry, announces its investment into HosCat in the Netherlands. This marks another significant step in Buyers Edge Platform’s rapid expansion across Europe, following the acquisitions of The Full Range, Delta Procurement and MPP in the UK and S&F-Gruppe in Germany earlier this year and Svenska Krögare in Sweden last year.

This investment aligns with Buyers Edge Platform’s broader strategy to create the largest Digital Procurement Network in Europe, mirroring their success achieved in the US. Through strategic acquisitions and investments, new country partnerships, and organic growth initiatives, Buyers Edge Platform is set to transform procurement, offering exceptional value to foodservice businesses across Europe.

John Davie, CEO of Buyers Edge Platform, expressed his excitement about the investment, stating, “HosCat enables Buyers Edge to enter the Dutch and Belgium markets. We have an excellent partner to support our expansion into these countries which will further boost our wider mission to revolutionize procurement practices and empower businesses across Europe.”

Jorne Broer, CEO of HosCat, expressed his enthusiasm about the partnership, saying, “From the very first conversation with Buyers Edge Platform, it was clear we shared the same vision and values. We are both people-focused businesses that always put the customer first. Combining our Dutch and Belgium market knowledge with Buyers Edge Platform’s technology and buying power will create the perfect environment to help our customers to thrive. We are excited to have joined the most powerful network in the foodservice industry and to share the opportunities this brings.”

Daniel Wilson, President of Buyers Edge Platform Europe, added, “I am delighted to be working with the HosCat team. Their local networks, energy, and entrepreneurial spirit are just what we want in a country partner. We look forward to supporting the HosCat team to rapidly expand their business into become the leading GPO in the Benelux. Buyers Edge Platform has now completed 6 European investments since January 2023.

About HosCat
HosCat has developed a unique way to achieve significant savings for hospitality companies. In addition, HosCat also takes care of the entire back office of its hospitality customers by using smart software. This saves the hospitality entrepreneur a lot of money and time so they can fully focus on what they truly love to do: take care of their guests.

About Buyers Edge Platform
Buyers Edge Platform is the leading software and analytics company providing data-driven insights and technology to the foodservice industry. We connect entities throughout foodservice and empower them to run their businesses more efficiently by leveraging data and analytics. Buyers Edge Platform’s mission is to drive the foodservice industry from manual to automated with programs that benefit all stakeholders across the supply chain. Visit BuyersEdgePlatform.com to learn more.

Media contact:
Ryan Gerding for Buyers Edge Platform
913-602-8531
[email protected]

SOURCE Buyers Edge Platform

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MEXICO CITY, Oct. 2, 2024 — Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today it successfully issued Secured Certificados Bursátiles for $ 2,500 million pesos, at three years and at a rate of TIIE + 300 basis points. The proceeds will be used to strengthen the company’s working capital.

The issuance represents a vote of confidence from the financial community in the growing cash generation of Total Play, the company’s financial strength and the favorable business prospects.

About Total Play

Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx.

Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors, and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Press Relations:

SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.

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BOULDER, Colo. and NEW YORK , Oct. 2, 2024 — Peregrine Energy Solutions LLC (“Peregrine”), an integrated multi-technology clean energy platform with a focus on utility-scale energy storage, and KKR, a leading global investment firm, today announced that Peregrine has closed on a credit facility from insurance accounts managed by KKR that can provide financing for up to $250 million in assets. The financing is a strategic milestone for the company and will be used to finance equipment, interconnection and offtake credit security to support the growth of Peregrine’s growing development pipeline. With this new financing, Peregrine will be well positioned to continue to develop its renewable energy portfolio throughout the United States, which spans five independent system operators (ISOs) and 11 states with approximately 37 projects.

Peregrine, founded in April 2022, has originated and developed a pipeline of 22 GWh of storage across SPP, MISO, ERCOT, PJM and WECC. Assets developed and managed by Peregrine benefit from an experienced team of renewable energy veterans who collectively bring over 20 GW of renewable energy and storage facilities development experience. In August 2023, the company announced the signing of an agreement with funds managed by AB CarVal to raise over $700 million of credit, equity and debt to support Peregrine’s high-quality projects.

“We could not be more pleased to be working with KKR. We are confident in Peregrine’s ability to execute our strategic plan with the support of forward-thinking investors,” said Hagen Lee, Founder & Chief Executive Officer of Peregrine. “This facility is a milestone achievement for Peregrine and shows capital is available for developers that continue to innovate in a challenging market. Our ability to site and develop high value assets differentiates our team and creates an attractive investment opportunity.”

“We are pleased to support Peregrine with this financing through our Asset-Based-Finance business as the global need for clean energy and storage solutions continues to grow,” said Erich Heintzen, Director at KKR.

The financing was arranged by KKR Capital Markets (“KKR”) and Sumitomo Mitsui Banking Corporation (“SMBC”). Peregrine was advised by Troutman Pepper Hamilton Sanders LLP as legal counsel, and Piper Sandler & Co. as financial advisor. KKR and SMBC were advised by White & Case LLP as legal counsel.

About Peregrine

Peregrine Energy Solutions is an integrated and multi-technology clean energy platform with a focus on utility scale energy storage that was established in 2022 through a partnership between Peregrine Energy Management and a global alternative investment manager with approximately $20 billion of assets. Peregrine Energy Solutions is a limited liability company formed in Delaware and headquartered in Boulder, Colorado. Additional information is available at www.peregrinesolutions.com.  

About AB CarVal

AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s Private Alternatives business. Since 1987, AB CarVal’s team has navigated through ever-changing credit market cycles, opportunistically investing $149 billion in 5,765 transactions across 82 countries. Today, AB CarVal has approximately $16 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets. Since 2017, AB CarVal has deployed over $5.5 billion in clean energy investments.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contacts

Peregrine Energy Solutions
Blake Taylor
713-383-7076
[email protected]

AB CarVal
Ann Folkman [email protected]

KKR
Julia Kosygina 212-750-8300
[email protected]

SOURCE Peregrine Energy Solutions LLC

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Sadrack Belony joins the Group as Head of U.S. Investor Services, and Megan MacAniff joins as Head of U.S. Client Solutions.

PHILADELPHIA, Oct. 2, 2024 — Aztec Group, a leading fund and corporate services provider, has announced the appointments of Sadrack Belony and Megan MacAniff to strengthen its U.S. operations and support its growth strategy in the region.

Sadrack Belony joins the Group as Head of Investor Services for the U.S., to lead and grow the Investor Services team and function, including Investor Services, Corporate Services, and Treasury and Banking. Sadrack has over 20 years of experience in the fund services industry, having held senior roles at Citco Fund Services and Vistra USA. He has extensive expertise in investor relations, anti-money laundering, compliance, and business development. Sadrack holds a dual MBA in Finance and International Management from Northeastern University and a Bachelor of Science in Business Administration from Monmouth University.

Sadrack said, “I am thrilled to join Aztec Group and lead the Investor Services function for the U.S. Aztec Group has a strong reputation for delivering high-quality service to its clients. I am excited to work with a talented and dedicated team of professionals who share the same values and vision for the future of the fund services industry.”

Megan MacAniff joins the Group as Head of U.S. Client Solutions, where she will drive the execution of the U.S. strategy by crystalizing requirements and solutions for clients and prospects and identifying product changes to meet market demands. Megan has over 25 years of experience in the private equity industry, having worked for investment, service, and consulting firms in leadership and execution roles. She has significant experience building platforms to service private equity clients in middle and back-office functions and the ongoing success of client relationships. Megan holds a Bachelor of Business Administration from the University of Notre Dame.

Megan said, “I am delighted to join Aztec Group and lead the U.S. Client Solutions function. Aztec Group has a unique and differentiated offering in fund administration, and I am eager to leverage my experience and expertise to support its strategic objectives and growth plans here in the U.S. I am looking forward to working closely with our clients and prospects to understand their needs and provide them with tailored and innovative solutions.”

Commenting on the appointments, Head of U.S. Markets Scott Kraemer said: “We are delighted to welcome Sadrack and Megan to Aztec. They bring a wealth of experience and knowledge to our U.S. operations and will play a key role in delivering outstanding service to our clients and prospects in the region. Their appointments demonstrate our commitment to investing in our people and our capabilities to support our growth ambitions in the U.S. market.”

Aztec entered the U.S. with its first office in Philadelphia in 2021 and added a New York City office in 2023.

Over the past year, Aztec Group has made substantial investments in AIFM while strengthening teams serving the Real Assets and Private Credit asset classes, further expanding Aztec’s offering as a full-service fund and corporate services provider. 

About the Aztec Group

Established in 2001, Aztec Group is an award-winning independent provider of fund and corporate services, employing more than 2,000 people across the U.K., U.S., Luxembourg, Ireland, and the Channel Islands. The Group specialises in alternative investments, administering more than $600 billion in assets, 450 funds, and 4,500 entities for a range of clients, spanning the major asset classes, including private equity, venture capital, private credit, real estate, and infrastructure.

SOURCE Aztec Group

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Regeneration.VC leads Neutreeno’s Seed round alongside Remarkable Ventures Climate Fund (RVC), Closed Loop Partners, Prequel Ventures, Scania Invest and Beacon Venture Capital.

CAMBRIDGE, England, Oct. 2, 2024 Neutreeno, a pioneering deep tech startup spinning out of the University of Cambridge has secured a $5 million Seed round with support from a global syndicate of mission-aligned investors.

On average, companies have over 90% of emissions in their value chain (Scope 3) and 93% will fail to achieve their net zero goals unless they double the pace of emissions reduction by 2030. This is challenging due to a lack of primary value chain data, the inability to influence suppliers and the high cost of decarbonization.

Neutreeno’s proprietary process networks, based on mass and energy flow research, significantly minimise the primary data burden on suppliers and allows enterprises to map product lines faster and with greater precision than existing tools. Their easy-to-use and affordable digital system automatically pinpoints solutions that reduce emissions and costs across 1,000s of suppliers. Neutreeno’s customers span Asia, Europe, and North America, including S&P 500 and FTSE 250 companies across multiple industries, and a wide range of SMEs.

Fredrik Nilzén, Head of Sustainability at Scania Group, one of the world’s largest commercial vehicle manufacturers, emphasized, “Neutreeno offers a unique and innovative solution that is crucial for tackling sustainability challenges with improved efficiency and cost-effectiveness at scale. Scania Invest’s support emphasizes the strategic importance of advancing Neutreeno’s pioneering technology in the sustainability landscape.“

Dr Spencer Brennan, Neutreeno’s founder, assembled a team of scientists who over two decades pioneered concepts of circularity and resource efficiency in complex supply chains, informing international climate policy. Spencer remarked, “we take a completely novel, robust engineering approach to challenge the Scope 3 status quo.” Professor Jonathan Cullen, Head of Climate Science at Neutreeno and Lead Author for the IPCC AR6 Industry Chapter, stated, “Neutreeno breaks away from the noisy landscape of tedious, form-filling accounting-based carbon software.”

Neutreeno delivered groundbreaking results for a multi-billion-dollar enterprise customer, identifying a 35% emissions reduction potential across Scope 1–3 for one of its suppliers and automatically pinpointing actions leading to new product designs, procurement changes, and substantial emissions reductions — all in just four weeks.

Enthused by the company’s mission to democratize emissions reductions for millions of businesses, Michael Smith, General Partner of Regeneration, commented, “Neutreeno has the first technical system able to move beyond Scope 3 reporting to systematically decarbonize industry, unlocking the US$130 trillion of capital waiting to fund the low-carbon transition.”

With its innovative approach and strong industry backing, Neutreeno is poised to make a significant impact on global decarbonization efforts, helping companies achieve their climate goals faster than ever before.

About Neutreeno

Utilizing proprietary process networks and engineering models, Neutreeno identifies and eliminates emissions at source. Neutreeno partners with leading businesses wanting to move beyond carbon accounting and take decisive action to decarbonize Scope 3 emissions. Learn more here.

Photo – https://mma.prnewswire.com/media/2521643/Neutreeno_Announcement_Sep_2024.jpg

SOURCE Neutreeno

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HAMILTON, N.J., Oct. 2, 2024 — The World Economic Forum (WEF) – at the Sustainable Development Impact Meetings 2024 (SDIM24), its marquee Climate Week event in NYC – announced that Tidal Metals is a winner of its highly competitive Sustainable Mining Challenge. The Sustainable Mining Challenge evaluated companies from all over the world to find those breakthrough innovators who can dramatically reduce the energy consumption and environmental impact of the mining and metals lifecycle.

Uplink is WEF’s innovation platform with a mission to enable an innovation ecosystem to drive positive systemic change for people and the planet. Head of Growth, Partnerships and Innovation at WEF-Uplink, Sadaf Hosseini, announced the winners of Uplink’s Sustainable Mining Challenge during a session focused on industrial decarbonization. Hosseini emphasized the urgency and importance of innovation by stating that none of the industrial sectors, responsible for more than 30% of global greenhouse gas emissions, are on track to hit their net zero targets by 2050. According to the International Energy Agency, 50% of the emissions reductions needed for heavy industry must come from emerging technologies.

“The team at Uplink is an incredible enabler of sustainable innovation,” said Earl Jones, Tidal Metals’ Board Chair and DCVC Operating Partner. “Programs like the Sustainable Mining Challenge shine a light on those companies that truly have the potential to transform industries with historically harmful environmental practices through sustainable and economical innovations.” DCVC led Tidal Metals’ recently announced $8.5 million investment round.

The European Union, as well as the United States Departments of Energy and Defense, have all identified magnesium as one of the critical materials needed to drive the energy transition. Today, magnesium mining and refining are energy intensive and environmentally destructive and give magnesium the largest carbon intensity of all structural metals, including steel, aluminum, titanium and magnesium.

Tidal Metals’ sustainable mining process eliminates the need for terrestrial mining of magnesium ore. Instead, Tidal Metals extracts magnesium from seawater, where every 100 gallons of seawater contains over a pound of magnesium. The oceans collectively represent a nearly inexhaustible magnesium supply. Tidal Metals’ patented technology replaces chemical processes with more efficient and economic physical processes including filtration, crystallization, dehydration, and electrolysis. Seawater and electricity are the only inputs needed to produce metal. Nothing is added to the water, and no waste is generated. When powered by renewable electricity, Tidal Metals’ magnesium will be fully decarbonized, sustainable, and virtually unlimited.

Dr. Howard Yuh, CEO of Tidal Metals, said: “We are honored to have been selected as a winner in the Sustainable Mining Challenge. We believe our technology fundamentally changes the magnesium supply-chain going forward, improving its economics while making it sustainable and decarbonized. Lightweighting is a crucial element in our global decarbonization effort, and we need to scale the production of this lightest structural metal fast enough to move the needle. We look forward to collaborating with Uplink as a Sustainable Mining Top Innovator.”

About Tidal Metals
Tidal Metals, founded by three PhD scientists from MIT, Princeton, and Wisconsin, is a VC funded deep-tech company based in New Jersey that has developed a breakthrough suite of innovations for producing critical minerals and metals from seawater and brines – with no waste, no carbon emissions, and no harm to the environment. Tidal Metals’ first application is producing magnesium metal from seawater using only electricity to unlock an economically competitive and unlimited supply of this critical, structural metal needed for transportation, national security, hydrogen storage, and manufacturing other metals. Visit us at www.tidalmetals.com. See our newest developments. Watch our intro video at https://youtu.be/XKdRfaBst6k.

About DCVC

DCVC is deep tech venture capital. Over more than a dozen years, the firm has backed brilliant entrepreneurs using computational approaches to solve trillion-dollar problems in the real world across a broad set of industries, especially those that haven’t seen material progress in decades. With billions of dollars of assets under management, DCVC builds long-term relationships with the founders it backs. The firm has been with many of its companies from their very start — and through to their recognition by the public markets as category-defining businesses. For more information, please visit www.dcvc.com, or follow us on LinkedIn or Twitter @DCVC.

Media Contact:
Duncan O’Brien
6094383385
[email protected]

SOURCE Tidal Metals

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