Le promoteur canadien ajoute une propriété scandinave réputée à son portefeuille de centres de villégiature en plein essor

TORONTO, septembre 10, 2024 — The Cabot Collection, réputée pour son portefeuille incomparable de destinations de golf résidentielles et de villégiature de luxe, annonce un investissement stratégique dans Lofoten Links, construit majestueusement dans le paysage marin et accidenté des lointaines îles Lofoten en Norvège. Cette propriété visuellement étonnante s’intègre naturellement à Cabot, offrant un mélange inégalé de paysages séduisants et d’un golf exceptionnel. Cabot prévoit d’accueillir cette propriété dans son portefeuille en pleine expansion, étendant ainsi sa présence internationale à l’Europe du Nord.

“Nous sommes ravis d’unir nos forces avec Lofoten Links, une propriété spectaculaire qui s’aligne sans effort avec notre vision d’offrir un golf et des expériences de classe mondiale dans les destinations les plus remarquables du monde”, a déclaré Ben Cowan-Dewar, PDG et cofondateur de The Cabot Collection. “Le directeur général Frode Hov est un véritable visionnaire, et nous ne pourrions être plus enthousiastes quant à l’avenir de ce site extraordinaire”.

Situé au-dessus du cercle polaire arctique, Lofoten Links est le parcours de golf de type links le plus septentrional du monde. Classé n° 24 au monde par Golf Digest et n° 88 au monde par Golf Magazine, ses paysages spectaculaires et son littoral éloigné constituent une toile de fond à couper le souffle pour les amateurs de golf. Ce parcours légendaire est connu pour sa conception à la fois difficile et gratifiante, avec 18 trous qui peuvent être joués sous le soleil de minuit en été et sous les aurores boréales en automne.

Outre son célèbre parcours de golf, Lofoten Links offre à ses hôtes une occasion rare de s’immerger dans la splendeur du littoral norvégien tout en bénéficiant d’un service et d’équipements inégalés. La propriété propose une variété de lodges confortables, de style nordique, conçus pour s’harmoniser avec le paysage saisissant, ainsi qu’un charmant restaurant sur place. Lofoten Links propose une myriade d’activités pour les voyageurs exigeants en quête d’authenticité et d’aventure, notamment l’équitation, la randonnée et le kayak. Située à l’extrémité nord de l’île et faisant directement face à la mer de Norvège, la propriété est parfaitement positionnée pour observer les aurores boréales, l’un des phénomènes les plus éblouissants de la nature.

L’investissement de Cabot dans Lofoten Links s’inscrit dans une période de plans d’expansion internationale passionnants. La société a récemment annoncé Cabot Bordeaux, anciennement connu sous le nom de Golf Du Médoc Resort, une destination de choix pour les amateurs de golf et de vin située à Bordeaux, en France. Parmi les autres centres de villégiature de luxe dotés de terrains de golf de classe mondiale et situés dans des endroits extraordinaires, citons Cabot Cape Breton en Nouvelle-Écosse, Cabot Saint Lucia dans les Caraïbes, Cabot Revelstoke en Colombie-Britannique, Cabot Citrus Farms en Floride et Cabot Highlands en Écosse, tous primés.

Pour plus d’informations sur The Cabot Collection et Lofoten Links, veuillez consulter https://thecabotcollection.com/ et https://www.lofotenlinks.no/en.

À propos de la collection Cabot :
La Cabot Collection est un développeur de luxe de destinations de golf incomparables. Son portefeuille comprend les produits primés Cabot Cape Breton en Nouvelle-Écosse, Cabot Saint Lucia dans les Caraïbes, Cabot Revelstoke en Colombie-Britannique, Cabot Citrus Farms en Floride, Cabot Highlands en Écosse et Cabot Bordeaux en France. Cabot continue de s’appuyer sur un héritage d’excellence en matière de golf, d’offres résidentielles de luxe et de mode de vie de villégiature dans chaque propriété unique où les propriétaires et les invités ont un accès exclusif à des expériences spécifiques à la destination et à une qualité de service inégalée.

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Canadian Developer to Add Acclaimed Scandinavian Property to Burgeoning Resort Portfolio

TORONTO, Sept. 10, 2024 — The Cabot Collection, renowned for its incomparable portfolio of luxury resort and residential golf destinations, announces a strategic investment in Lofoten Links, built majestically into the rugged, seaside landscape of Norway’s remote Lofoten Islands. This visually stunning property is a natural fit for Cabot, offering an unparalleled blend of alluring landscapes and outstanding golf. Cabot plans to welcome the property into its growing portfolio, extending its international presence to Northern Europe.

“We are thrilled to join forces with Lofoten Links, a spectacular property that effortlessly aligns with our vision of delivering world-class golf and experiences across the globe’s most remarkable destinations,” said Ben Cowan-Dewar, CEO and co-founder of The Cabot Collection. “General Manager Frode Hov is a true visionary, and we couldn’t be more excited about the future of this extraordinary site.”

Located above the Arctic Circle, Lofoten Links stands out as the world’s northernmost links-style golf course. Ranked No. 24 in the world by Golf Digest and No. 88 in the world by Golf Magazine, its dramatic scenery and remote coastline provide a breathtaking backdrop for golf enthusiasts. The fabled course is known for its challenging yet rewarding design, featuring 18 holes that are playable under the midnight sun in the summer and the northern lights in the fall.

In addition to its celebrated golf course, Lofoten Links offers guests a rare opportunity to immerse themselves in the splendor of Norway’s coastline while enjoying unsurpassed service and amenities. The property offers a variety of cozy, Nordic-style lodges designed to complement the striking scenery and a charming onsite restaurant. Lofoten Links presents a myriad of activities for discerning travelers seeking authenticity and adventure, including horseback riding, hiking and kayaking. Situated on the island’s northern edge and facing directly north towards the Norwegian Sea, the property is perfectly positioned to see the northern lights, one of nature’s most dazzling phenomena.

Cabot’s investment in Lofoten Links comes amidst a period of exciting international expansion plans. The company recently announced Cabot Bordeaux, previously known as Golf Du Médoc Resort, a premier destination for golf and wine enthusiasts located in Bordeaux, France. Additional luxury resorts anchored by world-class golf courses in extraordinary locations include the award-winning Cabot Cape Breton in Nova Scotia, Cabot Saint Lucia in the Caribbean, Cabot Revelstoke in British Columbia, Cabot Citrus Farms in Florida and Cabot Highlands in Scotland.

For more information about The Cabot Collection and Lofoten Links, please visit https://thecabotcollection.com/ and https://www.lofotenlinks.no/en.

About The Cabot Collection:
The Cabot Collection is a luxury developer of incomparable golf destinations. Its portfolio includes the award-winning Cabot Cape Breton in Nova Scotia, Cabot Saint Lucia in the Caribbean, Cabot Revelstoke in British Columbia, Cabot Citrus Farms in Florida, Cabot Highlands in Scotland and Cabot Bordeaux in France. Cabot continues to build upon a legacy of excellence in golf, luxury residential offerings and boutique resort lifestyle across each unique property where owners and guests have exclusive access to destination specific experiences and an unparalleled quality of service.

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Arian Simone and Elizabeth Gore to Headline

SAN DIEGO, Sept. 10, 2024 — Stella Foundation proudly announces the 11th Annual Women’s Venture Summit (WVS), set to take place in San Diego from September 25–27, 2024. This year’s summit, a cornerstone event in the entrepreneurial ecosystem, will spotlight two trailblazing leaders, Arian Simone (CEO and Founding Partner of the Fearless Fund) and Elizabeth Gore (President and Co-Founder of Hello Alice), to discuss their landmark legal battles supporting women and founders of color.

WVS 2024 is more than just a conference; it’s a movement aimed at bridging the persistent gap between female founders and investors. The summit features a dynamic agenda filled with transformative workshops, insightful panels, and the much-anticipated pitch competition. Since its inception, WVS has facilitated over $200 million in fundraising for women-led companies, becoming a crucial catalyst for change in the entrepreneurial landscape.

Elizabeth Gore and Arian Simone, two powerhouse advocates for women entrepreneurs, will be at the forefront of this year’s summit. Their discussion will delve into their respective legal battles—Elizabeth Gore’s victory with Hello Alice and Arian Simone’s ongoing fight with Fearless Fund—to highlight the challenges and triumphs of supporting women and founders of color.

“Over the last year, I have come to know Elizabeth as we continue to preserve and expand our organizations,” said Arian Simone, CEO and Founding Partner of the Fearless Fund. “We have become sisters united in our experiences as well as our cause. I am thrilled to discuss our journeys to this point, why we each started this vital work, and where the future must take us.”

“The best entrepreneurs thrive during times of crisis. They use ingenuity to find opportunities when others throw in the towel,” said Elizabeth Gore, President and Co-Founder of Hello Alice. “A black swan event, when navigated with creativity, can bring new perspectives that lead to profitability. I am excited to highlight this at Stella’s Women’s Venture Summit and discuss how these moments can reshape the future of entrepreneurship.”

WVS is designed for aspiring women investors, seasoned founders, and community partners who are committed to advancing the role of women in the entrepreneurial world. Attendees will gain access to a network of brilliant, high-achieving women, share insights, and make meaningful connections that can lead to groundbreaking deals.

“As we approach the 11th Annual Women’s Venture Summit, I’m filled with immense pride and excitement for what we’ve built,” says Flossie Hall, CEO of Stella. “By bringing together female founders and investors, we’re not only breaking down barriers but also creating opportunities that will have a lasting impact on our communities and economy. Together, we’re rewriting the rules and shaping a future where women are at the forefront of innovation and investment.”

The three-day summit will commence with a Fireside Chat featuring Silvia Mah, PhD, Founder & Chairwoman of Stella, and Lolita Taub, General Partner at Ganas Ventures. The agenda includes keynote addresses from industry leaders including Sylvia Kwan (Ellevest), Kelly Ann Winget (Alternative Wealth Partners), and Bailey DeVries (SBA). Panel discussions and workshops will cover a range of critical topics, including Personal Finance Best Practices for Early-Stage Founders, How to Support Your Founders Beyond the Check, Structuring Funds: Mapping Out Your Thesis, Strategy, and Financials 101, Breaking Into VC and Angel Investing, and Funding Beyond VC: Exploring Alternative Financing Options.

“Women investors have the unique power to transform the startup ecosystem by channeling capital into the hands of women founders and emerging fund managers,” says Dr. Silvia Mah, who founded Women’s Venture Summit & Stella Foundation over a decade ago. “By doing so, we not only fuel the success of high-performing businesses but also pave the way for a more inclusive and prosperous economy. When women invest in women, they activate a cycle of empowerment, innovation, and wealth creation that reshapes the future for generations to come.”

This year’s summit also marks the 10th Annual Women’s Fast Pitch, a premier national competition that shines a spotlight on innovative women-led ventures. Six exceptional finalists, selected from a competitive pool of over 100 applicants and 24 semi-finalists, will vie for over $50K in grants, investments, and in-kind services.

The Women’s Venture Summit is proudly supported by sponsors including The Impact Seat Foundation, Cooley, Comcast, Ad Astra Ventures, BMO, Dell, Knobbe Martens, Phoenix Fund Services, HVM Communications, Snell & Wilmer, Teknos, and UBS.

To view the full agenda and secure your spot at this transformative event, visit Women’s Venture Summit. General admission tickets start at $499.00, and VIP tickets are available starting at $799.00. Follow the summit on social media @wearewvs.

About Stella Foundation:

Founded in 2012, Stella connects women founders and investors to the right resources – at the right time – in their journeys. From ideation to funding to exit, women founders and investors look to Stella for its powerful constellation of support made up of an inclusive community, curriculum, access to capital events including the annual Women’s Venture Summit, advisory services and funding opportunities. For more information, contact https://stella.co/.

Media Contact:
Laura Henson
HVM Communications
[email protected]
917-539-7812

SOURCE Stella Foundation

CLARKSBURG, Md., Sept. 10, 2024 — Forterra, a leading self-driving technology company, today announced its $75 million Series B fundraise that was more than 2.5x oversubscribed. The round was led by Moore Strategic Ventures, XYZ Venture Capital, and Hedosophia, with participation from Standard Investments and existing investors, including Enlightenment Capital, Crescent Cove Advisors, and Four More Capital. The new funding will enable Forterra to accelerate and scale the deployment of their autonomous driving system (ADS), AutoDrive®, with defense and industrial customers.

“Forterra has proven that self-driving technology can be deployed today to solve real-world challenges in demanding environments,” said Josh Araujo Forterra CEO. “We are committed to improving the lives and safety of soldiers, Marines, and industrial workers, by taking people out of harm’s way with AutoDrive. This funding allows us to further develop, test, and deploy self-driving platforms with ever-increasing capabilities for both defense and industrial applications.”

“We can’t imagine a team better suited to take on these challenges — of everyone in the market, they have the right to win given their firsthand experience on the battlefield and interacting with government buyers,” says Ross Fubini, Managing Partner of XYZ Venture Capital, which co-led this round. “They know exactly what these machines need to be capable of doing and have the acumen and connections to move fast and build the best solutions. We see a lot of defense tech at XYZ, and Forterra is uniquely set up for product-market fit.”

Logan Ashcraft, Principal at Standard Investments, said “We believe in the potential for autonomous technology to disrupt many high-cost, low-margin business models. In its approach to both industrial and off-road autonomy, Forterra is setting a new standard for excellence across logistics, industry, and defense. We’re excited to partner with the company in its next stage of growth.”

The funding follows a series of significant milestones for Forterra over the past 12 months, including:

• The first successful deployment of autonomous driving systems (ADS) on the first production program in the Department of Defense (DoD) – The Remotely Operated Ground Unit for Expeditionary (ROGUE) Fires
• A strategic partnership with Kalmar for production of self-driving yard trucks for global distribution

Forterra is actively delivering capabilities on these DoD ground autonomy programs, including:

• The Robotic Combat Vehicle (RCV)
• The Ground Expeditionary Autonomous Retrofit System (GEARS)
• The Small Multi-purpose Equipment Transport (SMET) with operational units

These efforts enable the DoD to scale logistics capabilities and firepower without adding people to combat units. The Forterra team is committed to continuing to build innovative self-driving systems that prioritize safety, efficiency and scale, and we are excited to continue this mission.

Media Contact:
[email protected]
For more information about Forterra, please visit www.forterra.com

SOURCE Forterra

GOTHENBURG, Sweden, Sept. 10, 2024 — Volvo Group Venture Capital AB invests in the U.S.-based company aifleet, a trucking company leveraging its unique AI-technology to reshape the future of trucking focusing on truck utilization and driver satisfaction.

“aifleet is addressing inefficiencies in the trucking industry in a differentiated manner, building technology and proving out its capabilities through their own fleet operations,” said Joe Darcy, Investor at Volvo Group Venture Capital. “Not only are they increasing the utilization of the trucks on the road but also making sure drivers have an optimized working environment.”

Founded in 2020, aifleet operates in the U.S. full-truckload (FTL) segment of the trucking industry, where a truck’s full capacity is bought to ship larger freight between set destinations. The segment is currently fragmented and challenged by low driver utilization, and facing inefficiencies like empty miles in the supply chain.

“The U.S. full-truckload (FTL) market size is $400 billion, but it’s a massively inefficient and fragmented market with half a million carriers, where even the biggest has less than 1% of the market. As truck utilization has trended downward since 2018, aifleet has developed technology to mitigate the utilization problem to radically improve trucking efficiencies, while bringing real humanity back to the driver experience,” said Marc El Khoury, co-founder and CEO of aifleet. “We are excited about Volvo’s investment and we are looking forward to continuing to leverage our technology to create a more sustainable fleet and industry.”

Powered by its proprietary AI-technology, aifleet is building a trucking fleet focused on increased driver satisfaction that boost truck utilization with better planning tools and smarter algorithms. By optimizing route planning and scheduling, and building end-to-end automation, aifleet’s own operation generate over 40% higher driver utilization than industry average.

“We’re excited about the opportunity to collaborate with aifleet,” said Stephen Roy, Chairman of Volvo Group North America and President of Mack Trucks.  “The Volvo Group is committed to driving innovation and more sustainable transportation solutions, and it’s clear that aifleet, leveraging their unique technology, shares our ambition.”

Volvo Group Venture Capital was founded in 1997 and invests globally in venture companies. The aim is to drive transformation by facilitating the creation of new services and solutions and to support collaborations between start-ups and the Volvo Group. The market trends shaping the future of transportation and infrastructure solutions and the strategic priorities of the Volvo Group define the investment focus areas: Logistics Services, Site Solutions, Electrification, and Sustainability.

The transaction has no significant impact on the Volvo Group’s earnings or financial position.

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
[email protected]

For more information, please visit volvogroup.com 
For frequent updates, follow us on X: @volvogroup

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/ab-volvo/r/volvo-group-venture-capital-invests-in-aifleet–an-ai-driven-trucking-company,c4035386

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SOURCE AB Volvo

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This celebration of Massachusetts’ Tough Tech leadership is organized by The Engine 

CAMBRIDGE, Mass., Sept. 10, 2024 — This October, you’ll find hundreds of leaders gathered on both sides of the Charles River, working to solve the world’s toughest challenges while building community, resources, and momentum. Organized by The Engine with presenting sponsor J.P. Morgan, Tough Tech Week cements Massachusetts as the premier hub for Tough Tech innovation. Participants will get to know the city’s thriving ecosystem of science and engineering-backed venture activity, supported by our research institutions and deep bench of talent. The week is anchored around the seventh annual Tough Tech Summit, produced in partnership with Engine Ventures.

Tough Tech Week will showcase climate, biotech, pharma, robotics, AI, quantum computing, advanced systems, and other transformative technology being developed and commercialized right here in the Commonwealth. The week is a collaboration across our vibrant ecosystem and brought to you by the collective efforts of partner organizations, universities, and companies. Community-based events will convene Tough Tech researchers, startups, investors, corporate leaders, government, and other ecosystem members across all of Boston and Cambridge. Attendees will have the opportunity to participate in panels, pitch sessions and demo days, founder discussions, workshops, live podcast events, and industry-specific gatherings.

Get Involved
Whether you’re a founder, investor, researcher, enthusiast, or another member of this ecosystem, there’s a place for you at Tough Tech Week. Join us in driving the next wave of technological breakthroughs and building a resilient future. Visit toughtechweek.xyz to RSVP to posted events and submit your own event to the growing list of activities.

Highlights include:

• (Monday, Oct 7) Tough Tech Week Kickoff with GE Vernova: Join GE Vernova leadership and Yvonne Hao, Massachusetts’ Secretary of the Executive Office of Economic Development, for a Tough Tech Week Kickoff Event at GE Vernova’s Cambridge world-headquarters.
• (Monday, Oct 7) Investing in Tough Tech with ven^x: An event featuring a diverse set of perspectives on the nuances of Tough Tech investing, hosted by Boston’s first collaborative deep tech VC hub.
• (Monday, Oct 7) Financing First-of-a-Kind Tough Tech Projects: A panel of experts from The Engine and HSBC Innovation Banking discussing best practices in financing innovative technologies and de-risking the process of getting ideas out of a lab, into a factory, and into the world
• (Tuesday, Oct 8) Breakthrough Energy Fellows Investor Breakfast: An invite-only gathering of Breakthrough Energy Fellows and key climate tech investors, this event will provide an opportunity to connect, share insights, and explore opportunities within the tough tech ecosystem. Space and coordination generously supported by J.P. Morgan and Cambridge Consultants.
• (Tuesday & Wednesday, Oct 8-9) Tough Tech Summit: A gathering of thought leaders, investors, entrepreneurs, and researchers for a two-day summit co-hosted by Engine Ventures and The Engine.
• (Tuesday, Oct 8) Climate Tech Cocktails Party at The Grand: Convening the climate tech community and our supporting ecosystem to accelerate momentum in Boston.
• (Thursday, Oct 10) Activate Demo Day & Tech Showcase: Activate Demo Day in Boston is an in-person, hands-on investor expo where Activate Fellows present their cutting-edge innovations to investors, industry leaders, and key stakeholders, marking their transition from groundbreaking research to impactful market-ready technologies.

Join Us in Boston
Experience the dynamic Tough Tech ecosystem firsthand. For startup founders, investors, researchers, and the Tough Tech curious, Tough Tech Week offers a platform to engage with the forefront of technology and innovation. Visit ToughTechWeek.xyz to learn more about events, RSVP, and get updates as the agenda evolves; and follow the action on LinkedIn.

Special thanks to our presenting sponsor, J.P. Morgan, as well as The Engine’s partners and Tough Tech Week event hosts:

Activate | Arrow Electronics | Breakthrough Energy Fellows | BXP | Cambridge Consultants | Climate Tech Cocktails | Commonwealth of Massachusetts | CSC Leasing | Dacon Corporation | The Engine Ventures | Eppendorf | GE Vernova | Greentown Labs | Hilti | HSBC Innovation Banking | Kendall Square Association | LabCentral | Marsh McLennan Agency | MassINC | MilliporeSigma | Mintz | MIT Museum | MIT Open Space Programming | Museum of Science | New England Network Solutions | Thermo Fisher | Triumvirate Environmental | ven^x

About The Engine

The Engine was built by MIT to support and accelerate any and all Tough Tech companies solving the world’s most challenging problems, as they move from research breakthroughs to commercial impact. The Engine provides the critical infrastructure, programs and ecosystem early-stage Tough Tech companies need to thrive. Learn more at www.engine.xyz. 

Media Contact:
Jacqui Miller
+1 (978) 314-3146
[email protected]

SOURCE The Engine

Funding will support the company’s open, secure software and hardware ecosystem for the Uncrewed Aircraft Systems (UAS) Community

SAN ANTONIO, Sept. 10, 2024 — Darkhive, Inc., a defense tech startup focused on open architecture Uncrewed Aircraft Systems (UAS) integrated with a secure software delivery system, closed its Series A investment round led by Ten Eleven Ventures.

Darkhive’s mission is to create an accessible situational awareness system for all US-allied military and public safety personnel. The company is developing lightweight, short- and mid-range reconnaissance drones supported by a proprietary software continuous delivery platform. The company’s software platform is designed to build, scan, test, and securely deploy Department of Defense (DoD) accredited software to UAS including secure updates, and will ultimately enable comprehensive fleet and device management in the field.

Ten Eleven Ventures General Partner Mark Hatfield noted: “Ten Eleven’s investment in Darkhive is part of our commitment to cybersecurity-focused companies supporting national security initiatives. We believe Darkhive’s platform offers the most compelling way to integrate vital secure code delivery and asset management for UAS fleets and, ultimately, other IoT devices used within US and US-allied military units.”

The Series A investment will help the company develop its product portfolio, expand its resources to support secured DoD contracts, and pursue new business opportunities. The funding will also enable the company to distribute its life-saving ecosystem to more teams in the field, ensuring they obtain the equipment needed to properly support their crews.

“The US and our allies around the world require secure, adaptive, and cost-effective autonomous drones to enable unified, rapid response to global security threats. The current UAS landscape is full of hurdles that leave users in the field at an extreme disadvantage; Chinese offerings are intuitive to use and affordable, but have known cyber security vulnerabilities. While American-made products are secure, they’re expensive and difficult to use effectively. We owe it to the men and women on the front line to provide a complete solution that is secure, affordable, reliable, and can be used by anyone in the field,” said John Goodson, CEO of Darkhive.

“We were excited to lead Darkhive’s seed round in 2023,” shared Matt Bigge, Crosslink Capital Partner and Darkhive Board Member, “and everything we’ve seen since that partnership has reinforced our belief in the team, their growth, and the impact they are set to make on the UAS industry and the future of US National Security.”

Additional investors in this round included Crosslink Capital, RTX Ventures, and Stellar Ventures. Last year, the company closed a $4M Seed round led by Crosslink Capital and joined by Stellar Ventures, MVP Ventures, and Capital Factory. Darkhive has previously been awarded an SBIR Phase III IDIQ with AFWERX Autonomy Prime, three SBIR Phase IIs, an STTR Phase II with the University of Alaska, an RDT&E contract with the OUSD RE, and an OTA contract with DIU NSIC.

About Darkhive
Darkhive, a defense-tech startup, is dedicated to moving the US drone industry forward by committing to design products that are cost-effective and National Defense Authorization Act compliant with well-documented, fully open interfaces, providing tactical and emergency response teams with life-saving situational awareness products that get the job done.  Driven by an obsession to deliver value at scale to tactical users conducting missions around the world , Darkhive has developed a close working relationship with the Department of Defense (DoD), securing a Phase III Small Business Innovation Research (SBIR) $100 MM AFWERX (United States Air Force innovation unit under the Air Force Research Lab) contract for small unmanned aerial systems (UAS), software development, and integration for autonomy infrastructures and platforms.  Darkhive was previously awarded four SBIR Phase IIs, an STTR Phase II with the University of Alaska, and Research, Development, Test & Evaluation contract with the Office of the Under Secretary of Defense for Research & Engineering and an OTA contract with the Defense Innovation Unit National Security Innovation Capital.. To learn more, visit www.darkhive.com or follow us on LinkedIn.

About Ten Eleven Ventures
Ten Eleven Ventures is the original cybersecurity-focused, global-stage agnostic investment firm. The firm finds, invests, and helps grow top cybersecurity companies addressing critical digital security needs, tapping its team, network, and experience to help build successful businesses. Since its founding, Ten Eleven Ventures has raised over $US 1 billion and made over 50 cybersecurity investments across stages worldwide, including KnowBe4, Darktrace, Axis Security, Twistlock, Verodin, Cylance, and Ping Identity. For more information, please visit 1011vc.com.

Darkhive Press Contact:
Amanda Johnson
Director of Events & Marketing, Darkhive
[email protected]
+1 (719) 368-0199

Ten Eleven Ventures Press Contact:
Monsy Carlo
[email protected]
+1 (407) 690-9071

SOURCE Ten Eleven Ventures

Funds will advance the clinical testing of Discure’s breakthrough device for degenerative disc disease 

PETACH-TIKVA, Israel, Sept. 10, 2024 — Discure Technologies Ltd., developer of the Discure System, a bioelectronic implantable device for the treatment of degenerative disc disease (DDD), announced today that the Company has secured $11 million in an oversubscribed Series A financing round, following a SAFE (Simple Agreement for Future Equity) raise of $5 million, bringing the total equity financing raised to $16 million. The Series A round was led by BOLD Capital Partners, Supernova Invest and Sanara Capital, with participation from multiple US hospital networks, leading orthopedic surgeons, veteran medtech industry investors, and existing investors, underscoring their collective confidence in Discure’s vision, strategy, innovative solution and the significant market opportunity.

“We welcome our new partners and investors to our existing investor group. The SAFE allowed us to complete development of the Discure System, as well as successfully complete our comprehensive pre-clinical program, adding studies in large animals and human cadaveric discs, thereby setting the stage for this successful Series A round. This latest investment will accelerate our growth, allowing us to make key hires and fully fund our First-in-Human clinical study in Canada and Italy,” said Yuval Mandelbaum, CEO, Discure Technologies. “The investment validates the Company’s novel, minimally invasive approach to reverse disc degeneration, shifting the paradigm from symptom management to addressing the problem by regenerating the disc.”

“We are excited to invest in Discure’s Series A financing,” said Neal Bhadkamkar of BOLD Capital Partners in California, USA. “We focus on companies using cutting edge technology to solve problems that impact people’s lives. DDD and its accompanying back pain are a natural result of aging. It is bad for the person suffering from it and it is bad for the economy in terms of lost workdays. Discure is the first company we have seen with an approach that has the potential to not only alleviate the pain but also reverse the underlying disc damage causing the pain. Just as important, we were impressed by the expertise, focus and dedication of the Discure team and are honored to back them in this journey.”

“Discure is the only medical device company that has demonstrated a clear focus on addressing the underlying cause of DDD. We firmly believe that the technology’s capacity to treat patients at an earlier stage, thereby avoiding the necessity for aggressive surgical procedures, will make a tangible impact. We are delighted to be joining the existing shareholders in supporting this excellent company and team” added Pascal-André Chenal, Investment Director at Supernova Invest, France.

About Low Back Pain and Degenerative Disc Disease

Low back pain is the leading cause of disability globally, the second most common reason for physician visits in the U.S., and accounts for economic losses in excess of $100 billion annually in the U.S. alone. Degenerative disc disease (DDD) is associated with over 35 percent of all low back pain cases. Current treatments for DDD include opioids, injections and invasive surgery, and are only symptom-modifying with limited long-term relief.

About Discure Technologies

Discure Technologies, founded by Rainbow Medical, is developing a minimally invasive, implantable bioelectronic device designed to treat and reverse degenerative disc disease (DDD) by actively controlling the reintroduction of fluid, oxygen, and nutrients into the degenerated disc. Unlike existing symptom-focused treatments, the Discure System has the potential to be the first disease-modifying solution for DDD, designed to reduce the use of opioids and the need for invasive back surgery.

The Company received Breakthrough Device Designation from the U.S. Food and Drug Administration in 2021 and was named “Best New Technology in Spine Care” by a distinguished panel of US orthopedic surgeons. The Company is conducting a First-in-Human clinical trial in Canada and Italy. Investors in the company include Bold Capital Partners, Supernova Invest, Sanara Capital, JJDC, UVM Health Network Ventures and VTC Ventures. To learn more about Discure, visit www.discuretechnologies.com  

About Bold Capital Partners

Bold Capital Partners invests in emerging science and technology companies seeking to disrupt and democratize massive markets, creating innovative solutions to humanity’s greatest challenges. It has offices in Santa Monica, California and Cambridge, Massachusetts. www.boldcapitalpartners.com

About Supernova Invest

Supernova Invest is a leading deep tech Venture Capital firm in Europe, managing €800+ million in assets. The current portfolio includes 80+ innovative and impact-driven companies that develop products and services leveraging breakthrough technologies in 4 transition-centric sectors: Cleantech, Digital, Industrial Technologies and Healthcare. www.supernovainvest.com

About Sanara Capital

Sanara Capital is a Health-Tech fund specializing in Digital Health, Bio-Convergence, and Medical Devices, with a focus on A & B financing rounds of Israeli related startups that are dedicated to improving patient outcomes and revolutionizing the healthcare industry. Sanara Capital is a follow-on fund of Sanara Ventures, a seed-stage investment platform, established in 2015, and backed by industry leaders Philips and Teva, with nearly 20 active portfolio companies. www.sanaracapital.com

Media Contact: 

Tsipi Haitovsky
Global Media Liaison
+972-525-989892
[email protected]

Logo – https://mma.prnewswire.com/media/2501411/Discure_Technologies_Logo.jpg

SOURCE Discure Technologies

Company brings over a decade of experience in the formulation and commercialization of natural, biological pest control products for plant, home and public health

VANCOUVER, BC, Sept. 10, 2024 — Catalera BioSolutions (“Catalera”), a pioneering innovator in biological pest control solutions, today announced the initial close of its Series A funding round. Launched mid-May, Catalera is an independent company spun out from Terramera, an ag-tech company based in Vancouver.

The launch of Catalera is made possible through a US$8M investment round led by S2G Ventures (“S2G”), with follow-up investment from Farm Credit Canada (FCC) Capital, and a second and final close expected in Q4 of 2024.

Catalera creates innovative biological products using a purpose-built toolkit of patented technologies to overcome the core challenges that have so far prevented the broad based adoption of biological products. Building on a solid foundation from existing commercial products including: RANGO® for specialty crops, SOCORO® for row crops, Vaporpad® for professional bed bug treatment and the recent registration of TRIFECTO® in Mexico, the company is well positioned to deploy several new biological products over the next few years and substantially grow its portfolio.

The $70 billion synthetic chemistry industry for agriculture and consumer pest control is facing significant challenges stemming from nearly a century of overreliance on synthetic chemicals. This has created far-reaching impacts in the world including food security risks, soil and water damage, and negative effects on human health.

“Consumers, government, and industry, including the world’s largest agriculture companies, are wanting to move to biologicals. But natural solutions need a helping hand to meet the needs of industry, growers, and consumers. As an experienced and agile company, Catalera holds the keys to unlocking the potential of biologicals and making a major impact in agriculture and beyond,” said Matthew Dahabieh, CEO of Catalera. “Our team has been developing safe, effective, and cost-competitive biological products for over a decade. We have launched numerous products with leading partners, and have an exciting pipeline of new products in development, which this new funding will help us get to market.”

“We are at a pivotal moment in the biologicals market. The convergence of global events leading to severe supply chain disruptions, as well as growing concerns around the impacts of fertilizer use, are causing many farmers to reevaluate their approach,” said Sanjeev Krishnan, managing partner at S2G. “We believe Catalera’s distinctive platform capabilities for unlocking biological formulation and cutting-edge product portfolio signals a promising future for the industry. We look forward to supporting them in their mission.”

This is FCC Capital’s first investment by the newly created arm at the Canadian lender that is proud to be 100% invested in Canadian agriculture and food.

“FCC is thrilled to announce our first co-investment in Catalera BioSolutions alongside S2G, which has a decade of experience investing in the global food and agtech space. This transaction aligns with FCC’s commitment to build a capital solutions platform which delivers impactful financing for innovative companies with the potential to advance the Canadian food and agriculture industry,” said Justine Hendricks, FCC president and CEO. “We are excited to support Catalera BioSolutions and leverage our expertise, data, and relationships to help them grow and succeed.”

More information and images are available here.

About Catalera BioSolutions:
Catalera BioSolutions Inc. is a leading developer of biological solutions for plant, home, and public health. Based out of Vancouver, Canada, the company has over a decade of experience innovating formulation technology to create efficacious biological pesticides for the consumer, professional, and agricultural markets. Inspired by the question, “What if synthetic chemistry was never invented?”, Catalera is on a mission to unlock the power of biologicals in our lives and accelerate the transition to a more beneficial future! For more information visit catalera.com.

About S2G Ventures:
S2G is a multi-stage investment firm focused on venture and growth-stage businesses across food and agriculture, oceans and energy. The firm provides capital and value-added resources to entrepreneurs and leadership teams pursuing innovative market-based solutions that S2G believes are cheaper, faster or better than traditional alternatives. With a commitment to creating long-term, measurable outcomes, S2G structures flexible capital solutions that can range from seed and venture funding through growth equity to debt and infrastructure financing. For more information about S2G, visit s2gventures.com or connect with us on LinkedIn.

About FCC:
FCC is proud to be 100% invested in Canadian agriculture and food. Our employees are committed to the long-standing success of those who produce and process Canadian food. FCC provides flexible financing and capital solutions, while creating value through data, knowledge, relationships and expertise. FCC offers a complement of financial and non-financial products and services designed to support the complex and evolving needs of the industry. As a commercial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. For more information, visit fcc.ca.

Media Contacts:
Catalera: Kim Haakstad – [email protected]
S2G: Ally Dunne – [email protected]
FCC: Jill McAlister – [email protected]

SOURCE Catalera BioSolutions