MINNEAPOLIS, April 30, 2024 — Integrity Orthopaedics, Inc., a company pioneering next generation solutions for soft tissue repair, has successfully closed on a Series B financing of $20.6 million. The financing was co-led by Piper Sandler Merchant Banking and an undisclosed existing investor. The company intends to use the capital to expand the US commercial launch of its initial product in the rotator cuff repair market. This milestone advances the company’s vision of revolutionizing soft tissue repair with its patented technology, aiming for stronger surgical repair and enhanced long-term healing.

Integrity Orthopaedics was co-founded in 2020 by Thomas Westling, a veteran executive in medtech and previously Founder and CEO of Rotation Medical, David Crompton, Chief IP and General Counsel, and distinguished orthopaedic surgeons Dr. Patrick Connor, Dr. Howard Harris, and Dr. Marc Labbe.

“We are pleased to co-lead the Series B financing,” said Tom Schnettler, Managing Director, Piper Sandler Merchant Banking. “Tom Westling is a proven entrepreneur and outstanding biomedical engineer. We see significant opportunities for Integrity Orthopaedics to transform the rotator cuff repair space, with the potential for this system to become a platform technology with broad applicability for soft tissue repairs across the human body.”

“We are grateful for the support of our shareholders, who we view as a strategic asset,” stated Thomas Westling, Co-Founder and Chief Executive Officer of Integrity Orthopaedics. “We have been blessed with an extraordinary set of investors, many with deep health care expertise and connections throughout the health care ecosystem, and they have consistently given us valuable counsel since our founding.”

The Integrity Orthopaedics system is designed to address the biggest unmet need in rotator cuff repairs, reducing the occurrence of cuff re-tears following surgical repair. Current surgical techniques have a structural failure rate that typically averages 20-40%, with rates ranging from 8-94% in specific studies (Young, et al., 2023).

The Integrity Orthopaedics system was FDA cleared in early 2023 and initially utilized by a small group of surgeons in a limited launch. This system uses patented micro-anchors, a continuous, locking stitch, a patented instrument for anchor installation and unique operative techniques to enable physicians to dramatically improve the fixation and healing of torn tendons. The Company has begun a paced expansion of its field sales team, with the goal of working with innovative orthopedists in select markets throughout the country. This roll out is expected to broaden over time, as the Company ramps up its staffing, production volumes and physician education resources.

“The keys to maximizing the environment for rotator cuff healing are a strong initial repair coupled with a technique that allows the tendon access to the patient’s biology for long-term healing,” said Dr. Patrick Connor, orthopaedic shoulder surgeon at OrthoCarolina in Charlotte, Chief of Sports Medicine and Shoulder & Elbow Surgery at Atrium Health, and Co-Founder of Integrity Orthopedics. “This technology achieves both goals with more fixation points than any other solution on the market. My experience using this device has shown that it not only creates a more consistent and efficient repair than other techniques, it also uniquely improves both the strength and the overall healing environment at the time of surgery. Based on the substantial increased strength of the repair and restoration of the entire rotator cuff footprint, surgeons may be more comfortable reducing postoperative sling immobilization for their patients which will lead to their faster and more complete recovery.”

About Integrity Orthopaedics

Integrity Orthopaedics is committed to redefining the landscape of soft tissue repair. Its initial focus is on revolutionizing the approach to rotator cuff repair, overcoming limitations of traditional techniques by enabling robust initial repair strength while fostering an optimal environment for healing. The company was founded in 2020 and is headquartered in Maple Plain, MN.

www.integrity-ortho.com

About Piper Sandler Merchant Banking

Piper Sandler Merchant Banking (PSMB) is the growth equity investment arm of Piper Sandler Companies (NYSE: PIPR). The PSMB team strives to partner with founders and CEOs of growing, commercial stage businesses that can benefit by leveraging Piper Sandler’s knowledge, experience, capital and relationships to build market leading enterprises. PSMB provides investment advisory services through the affiliated registered investment adviser, PSC Capital Partners LLC. Learn more about Piper Sandler Merchant Banking.

References:

Young BL, Bitzer A, Odum S, Hamid N, Shiffern S, Connor PM. Healthcare costs of failed rotator cuff repairs. JSES Rev Rep Tech. 2023 Apr 25;3(3):318-323.

Contact:
Michael Rodriguez
Director of Marketing & Sales Operations
[email protected]

SOURCE Integrity Orthopaedics

The company closed a $17 million funding round led by 7wireVentures to accelerate their proven ability to unleash the power of human connection in communities, amplifying social impact and outcomes

TAMPA, Fla., April 30, 2024 — GroundGame.Health, a proven social impact solution that fulfills unmet social and care needs for people everywhere, has merged with SameSky Health, a cultural experience company that builds trust and deepens engagement with members. The combined company will accelerate a shared mission to improve health and advance health equity by closing the loop around health-related social needs and gaps in care at scale. GroundGame.Health closed a $17 million funding round led by 7wireVentures after the companies joined. Together, their coverage spans 50 states.

GroundGame.Health has pioneered an innovative model that builds trust between Managed Care Organizations (MCOs), Community-Based Organizations (CBOs), and members to Connect the Unconnected.™ GroundGame.Health delivers last mile services that give people the help they need most, whether delivering meals to their homes, meeting other health-related social needs, providing other health resources, or addressing underlying challenges such as health literacy. SameSky Health pioneered a model for culturally-tailored outreach and engagement focused on personalizing the member experience to increase access to care. SameSky Health will increase GroundGame.Health’s ability to scale its reach, efficiency, and impact.

“Abner (CEO and founder of SameSky Health) has built a talented, impact-driven team at SameSky Health, and we are excited to leverage their expertise and technology to deepen our trust with members,” said Susan Rawlings Molina, CEO and Co-Founder of GroundGame.Health. “We don’t do this alone. By leaning into trusted connections with members, MCOs, and CBOs, GroundGame.Health has been fundamentally changing how people access and understand care—and we will now take that work to the next level.”

GroundGame.Health has fulfilled over 180,000 social impact needs to date, and has powered the flow of over $26 million from MCOs to CBOs to provide ongoing, sustainable funding for the local organizations best positioned to meet those needs. SameSky Health has engaged over 2.8 million members, and the combined company will continue to deliver outcomes around meeting members’ needs, closing gaps in care, and reducing the cost of care.

“We’re thrilled for the opportunity to join GroundGame.Health and drive even greater impact in this sector,” said Abner Mason, Chief Strategy and Transformation Officer of GroundGame.Health and previously the CEO and Founder of SameSky Health. “Our shared vision of combining sensitive, purpose-built technology with trusted human relationships positions us to help even the most challenging-to-reach populations.”

“We are excited about the impact GroundGame.Health and SameSky Health will have as they deliver hyperlocal, individualized experiences to help people overcome the barriers that prevent them from accessing the care they need to improve their health,” said Robert Garber, a Partner at 7wireVentures. “Closing social and healthcare gaps is difficult, mission-critical work and they have a proven model that can scale to meet these needs.”

About GroundGame.Health
GroundGame.Health manages the complex connections between health plans, members, and Community-Based Organizations to fulfill unmet social and care needs for people everywhere. Our closed-loop, HITRUST-certified platform and trusted, local relationships allow health plans to connect their most challenging-to-reach members with the care and help they need—and drive more health and equity as a result.

To date, we have met over 180,000 social impact needs and have powered the flow of over $26 million from MCOs to CBOs. In 2023, we were recognized by Inc. Magazine as one of the 5,000 fastest growing companies in America, ranking #692. Learn more at www.groundgame.health.

About SameSky Health 
SameSky Health is a cultural experience company that removes barriers to care and forms meaningful relationships to bring people to health. We guide health plan members on their annual wellness journeys by building trusted relationships that encourage dignity, autonomy, and companionship as they navigate disparate life experiences within a complex healthcare system.

Launched in 2017, SameSky Health engages 2.8 million+ members across 50 states and 3 US territories, in 25+ different languages. The company’s cultural expertise and technology-based solutions enable health plans to grow member engagement, improve quality measures, and increase overall health outcomes. We are on a mission to create cultural connections for a healthier, more equitable world. SameSky Health is based in North Hollywood, CA. To learn more, visit www.sameskyhealth.com.

For More Information:
John Gonda
[email protected]
616-309-4888

SOURCE GroundGame.Health

The Series B funding bolsters Arbol’s ability to tackle the record-breaking number of climate-related insured losses

NEW YORK, April 30, 2024 — Arbol, a leading climate risk solutions provider operating in over 15 countries, announced today that it has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.

In the wake of a year marked by unprecedented climate events, with 398 natural disasters causing $380 billion in losses and a record 37, billion-dollar insured loss events, Arbol’s funding represents a long overdue moment for climate risk insurance. Parametric insurance delivers payouts based on predefined and trusted climate data triggers, such as rainfall amounts or temperature thresholds. Objective data triggers replace the subjective and time-consuming manual damage assessments conducted by claims adjusters, enabling quicker delivery of urgent financial relief to communities following catastrophic climate events. For example, if rainfall falls below a certain level, adversely affecting crop yields, farmers could receive rapid financial support when facing reduced production due to specific weather conditions.

Arbol brings scale, transparency, and efficiency to climate risk management. Through leveraging global, trusted datasets for objective loss triggers, Arbol aims to broaden the adoption of parametric products and pioneer the concept of climate risk as a tangible, investable asset class. It differentiates itself through its technology ecosystem, which combines automated structuring, AI-powered underwriting, pricing tools, and user-friendly platforms for agents and brokers. Combining this approach with flexible risk capital enables Arbol to underwrite bespoke solutions, facilitating the scalable distribution of innovative financial products.

“This Series B funding marks a pivotal moment for Arbol, affirming our achievements and propelling our mission forward to normalize parametric financial products and insurance globally as key strategies in climate risk management,” said Sid Jha, Arbol’s founder and CEO. “Our ambition extends from empowering the world’s smallest subsistence farmers in underserved regions to securing the assets of the world’s largest corporations, ensuring they all have access to unmatched protection amidst the unpredictability of climate change. Our approach is not just about offering insurance; it’s about creating a safety net that spans the entire spectrum of economic participants affected by climate volatility.”

The fresh funding will support Arbol’s continued expansion into agriculture and renewable energy through products tailored for new perils and geographies. The capital raised will also support Arbol’s global expansion and broaden its investment in property and casualty (P&C) and home insurance business lines in the U.S. and internationally. Arbol will continue to deepen its work with entities in the financial sector, such as banks, which are facing new challenges with climate risks, both for their internal risks and client needs.

“You can’t go a week without reading an article about extreme weather events occurring and the challenge this poses for traditional insurers,” said Cameron McLain, Co-founder and Managing Partner of Giant Ventures. “Arbol’s pioneering approach enables businesses, large and small, to manage climate risk where traditional insurance fails. Their achievements are hugely impressive, and we believe they’re building an essential pillar of climate adaptation and the global financial infrastructure.”

“While climate change is more and more tangible, the need for hedging solutions that are scalable and economically sustainable is becoming key,” added Thibaut Schlaeppi, Managing Director of Opera Tech Ventures. “Leveraging insurance and capital markets offers Arbol’s clients a pivotal solution to build the financial resilience they need”.

Arbol raised a $7 million Series A funding round in January 2021 led by a member of The Susquehanna International Group of Companies (SIG) with participation from Mubadala Capital and Space Capital.

The company transacted $250 million in gross written premium (GWP) in 2023, with significant growth in its renewable energy and reinsurance businesses. Arbol Insurance Services (AIS), a wholly owned subsidiary of Arbol, became an approved Lloyd’s of London cover holder in May last year. Arbol recently announced the launch of Lilypad Insurance, a newly established carrier dedicated to serving the unique insurance needs of homeowners and property investors in coastal areas. Lilypad received its certificate of authority from Louisiana and has begun operations in the state. Subsequently, it announced the acquisition of Centauri Specialty Insurance Company and Centauri National Insurance Company, subject to regulatory approval. Lilypad Insurance will enable Arbol to grow the total addressable market of parametric insurance through hybrid product distribution while addressing the urgent need to address the growing coverage gap in coastal communities.

Arbol’s success stories span globally — over 15 countries — and include a wide range of businesses looking to build resilience against climate risk. This Series B funding is a testament to Arbol’s vision, its team’s execution capability, and the significant market demand for innovative risk management solutions.

About Arbol

Arbol is redefining climate risk management to transform it into a globally recognized asset class. Through a foundation of innovative pricing, comprehensive data infrastructure, and precise AI-powered underwriting tools, Arbol aims to bridge the global coverage gap and offer practical solutions for managing climate risks. Awarded for its underwriting innovation, Arbol leverages advanced technologies to serve a broad client base, emphasizing sustainability and resilience in an unpredictable climate landscape.

For more information, press only:

[email protected]

SOURCE Arbol

Blackstone and other corporate partners join the Ballistic X Pursuit Cyber Fellows program, charting a path to narrow the industry’s talent gap and economic divides

SAN FRANCISCO and NEW YORK, April 30, 2024 — Ballistic Ventures, the venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, and Pursuit, a workforce development social impact organization that trains low-income individuals so they can build careers in tech, today announced the Ballistic X Pursuit Cyber Fellows program, a groundbreaking initiative to tackle the cybersecurity skills gap by providing adults from non-traditional backgrounds with the training and support necessary to excel in these careers.

The cyber skills gap is one of the most pressing challenges facing the cybersecurity industry today. Despite the industry’s rapid growth, there is a significant shortage of qualified professionals – particularly from non-traditional backgrounds, as open opportunities aren’t accessible to everyone. The Ballistic X Pursuit Cyber Fellows program aims to tackle this challenge head-on. Tapping into Pursuit’s proven software development training program, the Ballistic X Pursuit Cyber Fellows program empowers talented adults from non-traditional backgrounds to get the training and support needed to be hired, retained and succeed in the cybersecurity industry.

“The Ballistic X Pursuit Cyber Fellows program represents more than just a commitment to diversity in cybersecurity; it’s a catalyst for innovation, fostering a convergence of unique backgrounds that will undoubtedly spawn new ideas, technologies, and approaches to secure our rapidly evolving world,” said Jake Seid, Co-founder and General Partner of Ballistic Ventures. “At Ballistic, we believe in the power of diverse perspectives not only to address the industry’s skills gap but to shape the future of cybersecurity.”

In existing Pursuit programs, which have focused on employing talent to software development and engineering teams, fellows have gone from earning an average of $18K to over $90K working at some of the best companies in the world. The Ballistic X Pursuit Cyber Fellows program intends to support these efforts for fellows within the cybersecurity community.

“At Pursuit, our mission has always been focused on reshaping the narrative for individuals from underserved backgrounds. The Ballistic X Pursuit Cyber Fellows program is a testament to the impact we can make when we empower talented individuals with the right skills and connect them with industry leaders,” said Jukay Hsu, Co-founder and CEO of Pursuit. “Together with Ballistic, we are forging a more inclusive pathway to success for aspiring cybersecurity professionals, bridging the cyber skills gap, and providing employers with trained non-traditional talent to help their businesses thrive.”

Founding members of this transformative program include Blackstone and other corporate partners, which have committed to employing fellows on their cybersecurity teams. For founding members and employers who sign on, the Ballistic X Pursuit Cyber Fellows program helps nurture long-term talent through three-years of on-the-job support and training.

“Becoming a founding member of the Ballistic X Pursuit Cyber Fellows program was an easy choice for us. Our engineering team has worked with Pursuit for years, and from a cybersecurity perspective, this just makes sense,” said Adam Fletcher, Chief Security Officer of Blackstone. “Not only does this new initiative contribute to closing the industry’s talent gap, but it also provides access to a broader pool of individuals who are well-versed in a modern tech stack with targeted cyber training. We are proud to be a part of this initiative.”

Blackstone has partnered with Pursuit since 2015. After many years of success hiring engineering talent, adding cybersecurity trained fellows was a natural extension of the partnership. A select number of trial fellows completed their Pursuit cybersecurity training and are successfully in-role at Blackstone.

“I feel confident in achieving success with the support, encouragement, and continuous behavioral and technical assistance from Pursuit,” said Lili Huang, Cloud Security, Blackstone Cybersecurity and Pursuit Fellow. “With Pursuit’s guidance, I am equipped to overcome any challenge on my path to success.”

By creating pathways to cybersecurity careers, the Ballistic X Pursuit Cyber Fellows program will transform people, families and industries. However, this transformation requires the community’s support. The collective is calling on all corporations with cybersecurity hiring initiatives in 2024 to explore the program and consider partnering. Learn more at pursuit.org/cyber. 

About Ballistic Ventures
Ballistic Ventures is a venture capital firm solely dedicated to early-stage cybersecurity and cyber-related companies. The partners have spent their entire careers defending against every cyber threat conceivable. Members of the firm have founded, operated, and funded over 100 successful cybersecurity firms – including Abnormal Security, AlienVault, ArcSight, Fortify, Mandiant, and Shape Security – led over 10,000 security professionals globally, and have 40+ years of experience in venture capital. The Ballistic portfolio includes Aembit, Alethea, ArmorCode, AuthMind, Codezero, Concentric AI, Nudge Security, Oligo Security, Pangea, Perygee, Reach Security, SpecterOps, Talon (PANW) and Veza. Our experience provides entrepreneurs impactful support from people focused on the same mission. Our networks and relationships open doors for our founders. Learn more at ballisticventures.com.

About Pursuit
Pursuit is an innovative social impact organization whose mission is to close the opportunity gap in America. Founded in 2011 and based in New York City, Pursuit trains adults with the most need and potential to get their first tech jobs, advance in their careers and become the next generation of leaders in tech. On average, Pursuit Fellows increase their annual income from $18,000 to nearly $90,000, and work at leading companies, including Citi, Uber, Peloton, and Blackstone. Pursuit Fellows begin their journey with a year of high-quality, intensive, and supportive training, followed by three years of career development once they’ve been hired. Pursuit also works directly with companies to secure hiring commitments, which results in long-term growth and retention. To ensure the Pursuit Fellowship is sustainable and scalable, Pursuit uses a blended finance model that enables it to tap into philanthropic capital as well as impact investor funding. By breaking down barriers and connecting talent with opportunity, Pursuit empowers their Fellows to bring change to their families, tech companies, and communities across the nation. To learn more, visit pursuit.org.

SOURCE Ballistic Ventures

MONROVIA, Kalifornien, 30. April 2024 —  LiNova Energy Inc. (Linova) hat in einer Serie-A-Finanzierungsrunde unter der Leitung von Catalus Capital 15,8 Mio. US-Dollar aufgebracht. Weitere Investoren waren Saft, eine Tochtergesellschaft von TotalEnergies, Chevron Technology Ventures und ein Investorenkonsortium. LiNova wird die Mittel nutzen, um seine Mission voranzutreiben, die Energiespeicherlandschaft mit seiner Polymer-Kathoden-Batterie zu revolutionieren.

Dieser bedeutende finanzielle Meilenstein wird es LiNova Energy ermöglichen, seine Forschungs- und Entwicklungsanstrengungen auszuweiten, den Betrieb auszuweiten und die Kommerzialisierung seiner hochmodernen Batterien zu beschleunigen. LiNova hat eine hochenergetische Polymerbatterietechnologie entwickelt, die den materiellen Ersatz der herkömmlichen Kathode, die Kobalt, Nickel und andere bedenkliche Materialien enthält, ermöglichen soll.

Darüber hinaus gab LiNova den Abschluss einer gemeinsamen Entwicklungsvereinbarung mit Saft bekannt, nach der LiNova und Saft zusammenarbeiten werden, um die Batterietechnologie für die Vermarktung in den Schlüsselmärkten von Saft zu entwickeln. „Wir sind stolz darauf, mit LiNova bei der Weiterentwicklung seiner Technologie zusammenzuarbeiten und dabei die umfangreiche Erfahrung der Saft-Forschungsteams, unsere neuesten Prototypenlinien und unser industrielles Know-how bei der Herstellung von Batteriezellen zu nutzen“, sagte Cedric Duclos, Geschäftsführer von Saft.

„Die von LiNova entwickelte Technologie ist auf eine höhere Energiedichte ausgelegt und bietet gleichzeitig eine sicherere, leichtere und kostengünstigere Lösung für den Batteriemarkt“, sagte Jim Gable, Vizepräsident, Innovation, und Präsident von Technology Ventures bei Chevron. „Dies ist die jüngste Investition aus unserem 300-Millionen-Dollar-Fonds Future Energy Fund II, der sich auf die industrielle Dekarbonisierung, neue Mobilität, Dezentralisierung von Energie und die wachsende Kreislaufwirtschaft konzentriert. Wir begrüßen LiNova Energy in unserem Portfolio.“

„Wir freuen uns, die Serie-A-Runde von LiNova anzuführen und das Unternehmen auf seinem Weg zum kommerziellen Erfolg zu unterstützen“, sagte Saif Qazi, Vizepräsident bei Catalus Capital. „Die innovative Polymer-Kathodentechnologie von LiNova ist eine starke Ergänzung unseres Energiespeicherportfolios. Die Investitionen von Catalus in diesem Bereich richten sich auf Unternehmen, die eine solide technische Grundlage mit einem fähigen Managementteam und einem soliden Geschäftsplan kombinieren. LiNova ist ein Beispiel für diesen Ansatz. Wir freuen uns auf eine erfolgreiche Partnerschaft.“

„Wir sind dankbar für die Unterstützung und das Vertrauen unserer Investoren“, sagte Michael Nagus, Geschäftsführer von LiNova Energy. „Diese Finanzierung ist ein Beweis für das Potenzial unserer Technologie und den Einfluss, den sie auf die Bereitstellung einer nachhaltigeren Batterie für den weltweiten Energiespeicherbedarf haben wird. Mit dieser Investition sind wir gut positioniert, um unsere Mission voranzutreiben und unsere innovativen Polymer-Kathoden-Batterien auf den Markt zu bringen.“

Catalus Capital, Chevron Technology Ventures und Saft besitzen eine Fülle von Erfahrungen und strategischen Ressourcen, die bei der Ausrichtung des Wachstumskurses von LiNova Energy eine wichtige Rolle spielen werden.

LiNova Energy ist entschlossen, diese Investition zu nutzen, um bedeutende Fortschritte im Bereich der Batterietechnologie zu machen, Innovationen voranzutreiben und seinen Kunden und Interessengruppen einen Mehrwert zu bieten.

Weitere Informationen über LiNova Energy und sein Ziel, die Energielandschaft zu verändern, finden Sie unter https://www.linovaenergy.com/

Informationen zu LiNova Energy, Inc.

LiNova Energy entwickelt ultrahochenergetische Batterien mit einer Polymerkathode für die EV-, Luft- und Raumfahrt- sowie Energiespeicherindustrie. Die Kathoden von LiNova Energy benötigen kein Nickel, Kobalt oder andere Metalloxide, was eine nachhaltige und kostengünstige Batterielösung darstellt. Das Unternehmen hat sich zum Ziel gesetzt, die Art und Weise, wie auf der Welt Energie gespeichert wird, zu revolutionieren.

Diese Pressemitteilung dient ausschließlich zu Informationszwecken und stellt weder ein Verkaufsangebot noch eine Aufforderung zum Kauf oder eine Empfehlung für irgendwelche Wertpapiere dar.

Kontakt: Michael Nagus, Geschäftsführer, LiNova Energy,  [email protected]

MONROVIA, Calif., April 30, 2024 –  LiNova Energy Inc. (Linova) has raised $15.8 million in a Series A financing round that was led by Catalus Capital, who were joined by Saft, a subsidiary of TotalEnergies, Chevron Technology Ventures and a syndicate of investors. LiNova will use the funds to accelerate its mission to revolutionize the energy storage landscape with its polymer cathode battery.

This significant financial milestone will enable LiNova Energy to expand its research and development efforts, scale up operations, and accelerate the commercialization of its cutting-edge batteries. LiNova has developed a high-energy polymer battery technology that is designed to allow material replacement of the traditional cathode containing cobalt, nickel, and other critical materials.

LiNova also announced that it has entered into a joint development agreement with Saft, pursuant to which LiNova and Saft will work together to develop the battery technology for commercialization in Saft’s key markets. “We are proud to collaborate with LiNova in scaling up its technology, leveraging the extensive experience of Saft’s research teams, our newest prototype lines, and our industrial expertise in battery cell production.“ said Cedric Duclos, CEO of Saft.

“The technology developed by LiNova is designed to have higher energy density while providing a safer, lighter and lower-cost solution to the battery market,” said Jim Gable, Vice President, Innovation and President of Technology Ventures at Chevron. “This is the latest investment from our $300 million Future Energy Fund II, which focuses on industrial decarbonization, emerging mobility, energy decentralization, and the growing circular economy. We welcome LiNova Energy to the portfolio.“

“We are excited to lead LiNova’s Series A round and support their path to commercial success,” said Saif Qazi, Vice President at Catalus Capital. “LiNova’s innovative polymer cathode technology is a strong addition to our energy storage portfolio. Catalus’ investments in the space are focused on companies that combine a sound technical foundation with a capable management team and a robust commercial plan. LiNova is emblematic of this approach. We look forward to a successful partnership.“

“We are grateful for the support and confidence of our investors,” said Michael Nagus, CEO of LiNova Energy. “This funding is a testament to the potential of our technology and the impact it will have on delivering a more sustainable battery for the world’s energy storage needs. With this investment, we are well-positioned to advance our mission and bring our innovative polymer cathode batteries to market.“

Catalus Capital, Chevron Technology Ventures, and Saft bring a wealth of experience and strategic resources to the table, which will be instrumental in guiding LiNova Energy’s growth trajectory.

As LiNova Energy moves forward, the company is committed to leveraging this investment to make significant strides in the battery technology sector, driving innovation, and delivering value to its customers and stakeholders.

For more information about LiNova Energy and its mission to transform the energy landscape, please visit https://www.linovaenergy.com/

About LiNova Energy, Inc.

LiNova Energy is developing ultra-high-energy batteries utilizing a Polymer Cathode for the EV, Aerospace, and Energy Storage industries. LiNova Energy’s cathodes require no Nickel, Cobalt or any metal oxides, ensuring a sustainable and cost-effective battery solution. The company is dedicated to revolutionizing the way the world stores energy.

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities.

SOURCE LiNova Energy Inc.

– Invent Analytics recauda 17 millones de dólares para ayudar a los minoristas a maximizar las ganancias con la inteligencia artificial de la cadena de suministro y ampliar la huella de la plataforma

FILADELFIA, 30 de abril de 2024 — Invent Analytics, un galardonado proveedor global de soluciones de planificación minorista, anunció hoy que ha obtenido 17 millones de dólares en financiación Serie B. La ronda de inversión está dirigida por LFX Venture Partners, en asociación con los inversores existentes del Banco Europeo de Reconstrucción y Desarrollo (BERD) y Collective Spark. Invent Analytics está ayudando a las marcas líderes a maximizar sus ganancias aprovechando sus soluciones SaaS impulsadas por IA para la previsión de la demanda, la planificación del inventario, el reabastecimiento, la asignación, el posicionamiento de las devoluciones y la fijación de precios.

LFX Venture Partners es un inversor centrado en la cadena de suministro con más de 15 años de experiencia en inversiones en soluciones impulsadas por la tecnología diseñadas para abordar problemas antiguos dentro de la cadena de suministro global.

Invent Analytics utilizará los fondos para:

• Mejorar las capacidades de su plataforma de IA
• Continuar innovando para las crecientes expectativas en el comercio minorista omnicanal
• Fortalecer alianzas estratégicas
• Ampliar su equipo de expertos en comercio minorista

John Seung, socio director de LFX Venture Partners, indicó: “Tenemos la misión de construir una cadena de suministro global mejor, más eficiente y sostenible. Elegimos invertir en Invent Analytics por su innovadora tecnología de toma de decisiones mediante IA y su capacidad para acelerar las capacidades de planificación de los minoristas para crear un retorno de la inversión directo”.

Fundada en 2013, Invent Analytics tiene oficinas en Estados Unidos y a nivel mundial se ha convertido en un socio fiable para más de 50 cadenas minoristas líderes a nivel mundial, incluidas Men’s Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below y GNC. En particular, las asociaciones exitosas de Invent Analytics con sus clientes se han destacado en varios premios, incluidos Women in the Supply Chain y RIS’ Top Movers and Shakers in Retail. Además, la empresa recibió el premio “Innovación en gestión de devoluciones del año” en los premios RetailTech Breakthrough Awards 2024 por su solución  de posicionamiento de devoluciones para optimizar el proceso de devoluciones para lograr una mayor velocidad, eficiencia y rentabilidad.

El profesor Gurhan Kok, fundador y consejero delegado de Invent Analytics, afirmó: “La optimización del inventario es más crucial que nunca, gracias a las muchas formas en que los clientes pueden buscar, comprar y devolver productos en este mundo omnicanal. Muchos minoristas todavía dependen de información histórica datos, suposiciones y procesos manuales para tomar decisiones de inventario, lo que genera pronósticos inexactos, falta de existencias y clientes insatisfechos. Nuestras soluciones aprovechan la inteligencia artificial para tomar decisiones de planificación granulares en toda la cadena de suministro, incluida la planificación, la optimización de precios y el cumplimiento. Continuamos mejorando nuestras capacidades, seguimos enfocados en la rentabilidad, mejorando las experiencias y creando clientes leales”.

Imágenes de prensa: https://bit.ly/4aLwbM0

Acerca de Invent Analytics
Invent Analytics  (inventanalytics.com), un proveedor global de soluciones de planificación minorista que ayuda a los minoristas líderes a acelerar sus capacidades omniconscientes de pronóstico, asignación, reabastecimiento y reducción de la demanda mediante el uso de su software impulsado por inteligencia artificial que aprovecha el modelado de optimización de ganancias financieras.

Acerca de LFX Venture Partners
LFX (lfxvp.com) es un fondo de capital riesgo centrado en invertir en tecnologías disruptivas y nuevos modelos de negocio que dan forma al futuro de las cadenas de valor globales. Al aprovechar la experiencia en el campo y la escala global de los socios, LFX ofrece capital, conocimiento operativo, información sobre datos y acceso a la red a las empresas de su cartera.

Foto – https://mma.prnewswire.com/media/2400395/gurhan_kok_1.jpg
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The financing furthers Aperture VC’s commitment to investing early & over the long term in AI startups helping enterprises solve society’s most difficult problems.

NEW YORK, April 30, 2024 — Alaffia Health, the leader in generative AI for health plan claim operations, recently announced $10M in Series A funding, bringing its total amount of capital raised to $17.6M. The round was led by FirstMark Capital, with the participation of Aperture Venture Capital and other investors. Alaffia’s management team intends to use the funding to expand its commercial footprint and further invest in advanced AI research and product development.

Aperture VC Managing Partner Garnet Heraman noted, “Since investing in Alaffia’s seed round and, revenues have accelerated by 4x as the industry accolades have poured in. Alaffia is proof of AI’s positive impact when applied to the challenges of specific industry verticals. Their AI solutions for claims operations are transforming the healthcare landscape for providers, payers, and patients alike.”

Alaffia’s success is driven by the advanced AI solutions built for health insurance plan customers. The company’s flagship generative AI tool, Ask Autodor, is a co-pilot built for health insurance claims teams to automate complex manual tasks and complete them up to 20X faster. “We appreciate the strong support the Aperture VC team has shown over the last three years. Their guidance has been invaluable in giving us the room as founders to pioneer the use of new AI tools across the healthcare claims ecosystem,” said Alaffia CEO TJ Ademuliyi.

About Aperture Venture Capital
Aperture Venture Capital is a seed stage investor in startups leveraging financial innovation to help businesses and individuals thrive. Our debut fund was launched in 2021 with investments from global financial technology giants FIS, Truist, PayPal, Bank of America, Progressive, MassMutual, as well as NextEra Energy. Aperture’s investing platform is purpose-built to invest with expertise across the full spectrum of financial services including banking, payments, insurance, security, compliance and enterprise SaaS. We invest in the next generation of technology leaders forging the prosperous future we envision for all. For more information, visit aperturevc.com.
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About Alaffia Health
Alaffia Health is a leading AI company that helps health insurance plans streamline their operations and reduce claim spending. The company offers Autodor, its integrated claims platform, to revolutionize the way that clinicians and medical coders across utilization management, payment integrity, special investigations, and appeals review health insurance claims. Alaffia Health has been featured on the WSJ, Forbes, TechCrunch, and Becker’s Hospital Review. For more information, visit www.alaffiahealth.com.

Media Contact:
Philip McKenzie
949-414-7884

SOURCE Alaffia Health

PHILADELPHIA, April 30, 2024 — Invent Analytics, an award-winning global retail planning solutions provider, announced today that it has secured $17 million in Series B funding. The investment round is led by LFX Venture Partners, in partnership with existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark. Invent Analytics is helping leading brands maximize profits by leveraging its AI-powered SaaS solutions for demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing.

LFX Venture Partners is a supply chain focused investor with over 15 years of experience in investing in technology-driven solutions that are designed to address age-old problems within the global supply chain.

Invent Analytics will use the funding to:

• Enhance capabilities of its AI-platform
• Continue to innovate for rising expectations in omni-channel retail
• Strengthen strategic partnerships
• Broaden its team of retail experts

John Seung, Managing Partner, LFX Venture Partners, said, “We’re on a mission to build a better, more efficient, and sustainable global supply chain. We chose to invest in Invent Analytics for its innovative AI-decisioning technology and ability to accelerate retailer planning capabilities to create direct bottom-line return on investment.”

Founded in 2013, Invent Analytics has offices in the US and globally has become a trusted partner for over 50 leading global retail chains – including Men’s Wearhouse, Jos. A. Bank, Academy Sports + Outdoors, Five Below, and GNC. Notably, Invent Analytics’ successful partnerships with its customers have been highlighted in several award wins, including Women in the Supply Chain and RIS’ Top Movers and Shakers in Retail. Additionally, the company was awarded “Return Management Innovation of the Year” in the 2024 RetailTech Breakthrough Awards for its Returns Positioning solution to optimize the returns process for greater speed, efficiency, and profitability.

Prof. Gurhan Kok, Founder and CEO of Invent Analytics, said, “Inventory optimization is more crucial than ever, thanks to the many ways customers can browse, buy, and return goods in this omni-channel world. Many retailers still rely on historical data, assumptions, and manual processes to make inventory decisions, leading to inaccurate forecasts, out-of-stocks and unhappy customers. Our solutions leverage AI to make granular planning decisions across the supply chain, including planning, price optimization, and fulfillment. As we continue to enhance our capabilities, we remain focused on profitability, enhancing experiences, and creating loyal customers.”

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About Invent Analytics
Invent Analytics (inventanalytics.com) a global retail planning solutions provider that helps leading retailers accelerate their omni-aware demand forecasting, allocation, replenishment, and markdown capabilities by using its AI-powered software that leverage financial profit optimization modeling.

About LFX Venture Partners
LFX (lfxvp.com) is a venture capital fund focused on investing in disruptive technologies and new business models that shape the future of global value chains. By leveraging the domain expertise and global scale of partners, LFX offers capital, operational knowledge, data insights, and network access to its portfolio companies.

SOURCE Invent Analytics