Latest funding adds to the company’s recent $542 million equity round for a 12-month funding total of $704 million

WESTBOROUGH, Mass., Feb. 20, 2024 — In a follow up to one of last year’s largest cleantech private equity placements, Ascend Elements today announced it has raised $162 million in new equity investments. Major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new equity financing brings the company’s 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek and Qatar Investment Authority in September 2023.

“I’d like to thank our new and existing partners for investing in North America’s critical EV battery infrastructure,” said CEO Mike O’Kronley of Ascend Elements. “This diverse group of leading climate investors and industry partners underscores the confidence that the market has placed in our business. By recycling lithium-ion batteries and making new, engineered battery materials with lower carbon emissions, Ascend Elements is accelerating the global transition to zero carbon emissions.”

“We are backing a technology that transforms spent lithium-ion batteries into critical materials used in the creation of new batteries. With its first pCAM facility in construction in the United States, Ascend Elements has the potential to unlock the supply of critical battery materials to accelerate the roll out of electric vehicles,” said Aruna Ramsamy, a Managing Director at Just Climate. “Ascend Elements’ Hydro-to-Cathode^® technology provides a sustainable option for production of critical battery materials, championing circularity in an industry that is poised to scale significantly. We’re looking forward to supporting Ascend Elements in its growth journey.”

The new funding will advance construction of Ascend Elements’ Apex 1 facility in Hopkinsville, Kentucky, which will be North America’s first sustainable cathode precursor (pCAM) manufacturing facility open in early 2025. When complete, the 1-million-square-foot facility will produce sustainable pCAM and CAM (cathode active materials) for up to 750,000 electric vehicles per year. The project is supported in part by U.S. Department of Energy and the Bipartisan Infrastructure Law (BIL).

pCAM and CAM are engineered materials made to precise microstructure specifications for use in electric vehicle batteries. While most of the world’s pCAM and CAM are made in China from primary (mined) metals, U.S.-based Ascend Elements is commercializing an ultra-efficient method to make sustainable pCAM and CAM from black mass, the traditional output of lithium-ion battery recycling facilities. The patented Hydro-to-Cathode^® direct precursor synthesis process eliminates several intermediary steps in the traditional cathode manufacturing process and provides significant economic and carbon-reduction benefits.

Several peer-reviewed studies have shown Ascend Elements’ recycled battery materials perform as well as similar materials made from primary (mined) sources.

Goldman Sachs & Co. LLC acted as sole placement agent for the Series D funding round.

About Ascend Elements
Based in Westborough, Mass., Ascend Elements is a leading provider of sustainable, closed-loop battery materials solutions. From EV battery recycling to commercial-scale production of lithium-ion battery precursor (pCAM) and cathode active materials (CAM), Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials. Its proprietary Hydro-to-Cathode^® direct precursor synthesis technology produces new pCAM from spent lithium-ion cells more efficiently than traditional methods, resulting in reduced cost, improved performance, and lowered GHG emissions. With fewer batteries going to landfill and a cleaner manufacturing process, Ascend Elements is taking the lithium-ion battery industry to a higher level of sustainability.

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MADISON, Wis., Feb. 20, 2024 — Fixle, Inc (fixlehome.com), a technology company that simplifies home maintenance and management, has officially launched from American Family Insurance, where it was originally incubated. Founded by industry veterans Dave Theus (co-founder of HOMEE) and Amanda Schulze, Fixle’s launch as an independent company reinforces its commitment to improving home maintenance and management for all. Fixle simplifies how customers use, maintain, repair, and manage their home systems and appliances with a platform that makes collecting and accessing home information simple, secure, and connected. Its end-to-end solution benefits property managers, home inspectors, service technicians, warranty underwriters, insurance adjusters, homeowners, and integration partners by delivering valuable information precisely when needed.

Theus, Fixle’s CEO, remarked, “The launch of Fixle is a testament to the traction this innovative technology and our founding team have achieved. We extend our gratitude to AmFam, our partners, investors, customers, and advisors who continue to support Fixle. Moving forward, our focus is on delivering an outstanding customer experience, expanding our user base, delivering on our product roadmap and raising additional capital to fuel our growth.”

Dan Reed, Managing Director and President of American Family Ventures shared his excitement, “Our support for Fixle’s launch as an independent entity from AmFam reflects our confidence in their mission and the comprehensive solution they’re bringing to the table. As a minority investor, we’re not just investing in a company; we’re investing in a vision that has already shown substantial interest in the market.”

Fixle’s emergence as an independent entity provides the company with more flexibility to innovate and expand within the PropTech industry and extend its bench with best-in-class investors, advisors and partners. The move is a clear indication of the company’s determination to become a leader in this field.

For media inquiries, please contact:
Amanda Schulze
info@fixlehome.com
(608) 602-7413

About Fixle, Inc.
Fixle, Inc. (fixlehome.com) is transforming home ownership and management with its cutting-edge approach to home maintenance, repairs, and management. The Fixle platform simplifies the homeowner and service provider experience, offering instant access to essential information about homes, beginning with appliances and systems. Fixle employs state of the art Artificial Intelligence to drive efficiency, cut costs, and redefine our connection with homes.

About the American Family Insurance Group
Based in Madison, Wisconsin, American Family Insurance has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investment and creative partnerships to address societal challenges. We act on our belief in diversity and inclusion by constantly evolving to meet customer needs and preferences. American Family Insurance group is the nation’s 12th-largest property/casualty insurance group, ranking No. 301 on the Fortune 500 list. The group sells American Family-brand products, primarily through exclusive agency owners in 19 states. The American Family Insurance Group also includes CONNECT, powered by American Family Insurance, The General, Homesite and Main Street America Insurance. Across these companies the group has nearly 13,000 employees nationwide.

SOURCE Fixle, Inc.

The Company also welcomes new Chief Marketing and Chief Revenue Officers to bolster strategic growth.

AMES, Iowa, Feb. 20, 2024 — Trace Genomics (Trace), the industry leader in DNA-based soil intelligence, today announced its successful Series B funding round at $10.5 million led by existing investors S2G Ventures and Ajax Strategies, as well as new investor Rabo Ventures. The round exceeded expectations and demonstrated strong investor confidence in Trace’s trajectory and growth strategy. With this additional funding, Trace plans to expand its commercial growth, making its offerings available to more farmers and agronomists.

Poornima Parameswaran, CEO and Co-founder of Trace, stated, “The Series B funding represents a pivotal milestone for Trace, positioning us to accelerate our reach with cutting-edge soil DNA intelligence solutions, and advancing sustainable agriculture with a focus on farmer profitability. Our commitment to providing customers with innovative technology and comprehensive support with operational excellence aims to improve agricultural business outcomes and boost productivity for farmers and agronomists.”

Trace Genomics, a leader in soil health innovation, has developed a groundbreaking way to understand what’s happening beneath the surface of our farms. By examining the DNA of organisms in soil, farmers can get an individualized and detailed picture of soil health. This approach not only highlights what’s going on with the soil right now but also helps farmers make better decisions for their crops in the future. Trace Genomics helps farmers identify potential diseases before they become a problem, understand the soil’s fertility levels, and offer personalized recommendations to improve crop health and yield. This means farmers can grow more with less, using the optimal biologicals and chemicals, and making farming more sustainable for all.

“We’re excited to partner with Trace as they continue to advance and scale their technology,” said Cristina Rohr, Managing Director at S2G Ventures. “Their innovation provides deep soil insights, fostering sustainable crop production and improved decision-making across the agricultural value chain. Trace Genomics empowers farmers, manufacturers, and agronomists with better risk assessment and demand forecasting, leading to enhanced yield and cost management.”

In 2024-25, Trace is set to broaden its reach, aiming to deliver its pioneering data and insights to an increased number of growers and agronomists, building on both existing and new partnerships. To support this growth, the company is delighted to announce the addition of two key leaders to its team, significantly enhancing its commercial capabilities. Adam Burnhams joins as the Chief Marketing Officer, bringing over 30 years of global agribusiness experience, encompassing sales, marketing, research, and development roles across startups, basic, and post-patent companies. Tim Yandel joins as the Chief Revenue Officer, a seasoned sales professional with 20 years of experience, including 15 years in leadership positions, with expertise in machine learning, AI, computer vision, big data, marketing tech, and climate tech.

This strategic expansion builds upon last year’s successes, which included the launch of its flagship product TraceCOMPLETE, the establishment of key commercial partnerships in the US and Canada, the refinement of its commercial strategy for enhanced market penetration, and compelling success stories from farmers and agronomists about how Trace’s insights have improved their financial outcomes.

“While it’s widely acknowledged that the soil microbiome significantly impacts crop outcomes, soil-biology analysis has historically been underutilized in agronomists’ toolkits due to cost, complexity, and time requirements. However, Trace’s cutting-edge soil intelligence platform has successfully addressed these challenges. As a result, it provides growers with an unprecedented level of insight and truly data-driven recommendations,” said Shishir Sinha, Investment Director at Rabo Ventures. “We are excited by the paradigm shift that Trace brings to agriculture – unlocking the power of biologicals while enabling the adoption of NUE solutions, and making pest management predictive”

About Trace Genomics
Trace Genomics is a pioneer in the use of hi-definition genomics, soil science, and machine learning to activate hidden insights in soil for economic and ecosystem benefits. Where most companies deliver a partial picture, we provide a comprehensive and precise understanding of the soil’s composition—analyzing the soil’s biology, physical properties, and chemistry. Trace Genomics delivers targeted database insights and actions at cost-speed-scale-accuracy for partners who are advancing modern farming solutions. More information can be found at www.tracegenomics.com.

Contacts
Kaylee Tanner
Trace Genomics
kaylee.tanner@tracegenomics.com

SOURCE Trace Genomics

Syai Health secured significant funding from AstraZeneca plc & Xiaomi Corporation.

SINGAPORE, Feb. 20, 2024 — Singapore-based biotech company, Syai Health, abbreviated for “Sychronise + AI”, secured significant funding from leading investors like AstraZeneca plc and Xiaomi Corporation for its in-house developed AI-empowered medical devices. Originally an Oxford-Cambridge spinoff, alongside an R&D crew from top institutions and a design team from the Royal College of Art, Syai Health achieved another crucial fundraising milestone after years of dedication. Driven by a strong faith in transforming the industry (CDM), Syai’s cutting-edge products, such as Continuous Glucose Monitor, promise to revolutionize home-based health management with a next-level digitalization. Syai Health is prepared to broaden the horizon and reshape the CGM experience with its user-centric product lineup empowered by AI integration.

Syai has distinguished itself in the market with its thoughtful design and data processing capabilities. The all-in-one monitoring unit can be worn discreetly on the body with its size of less than a quarter and weight of only 1.6g. Syai integrates its advanced algorithm that not only analyzes real-time glucose readings but also provides personalized feedback as a reference, making the device a responsive, considerate companion to users’ health management journey. It unlocked the potential for proactive users to make informed changes to their lifestyle and overall well-being.

Syai’s CGM device pairs with a user-friendly app and cloud-based data solutions that allow patients to track, retrieve, and share real-time data or reports with their healthcare providers or families for more comprehensive care. Syai transformatively positioned data as the core of its CDM strategy, where data-driven analysis & deep learning help improve the quality of life, marking a significant milestone for Syai Health.

Syai is poised to expand its reach and make its CGM devices available to global customers with the funding. The company’s success in investment procurement mentioned is a testament to its prospective for growth and innovation. Regarding the upward trends of self-care and wellness management for individuals over the past few years, Syai’s medical devices with advanced software systems are well-positioned to capture a significant portion of the target market and revitalize the CDM (Chronic Disease Management) experiences for customers worldwide.

About Syai

Headquartered in Singapore, Syai Health has emerged as the Transcender of CDM. For more information, visit: http://www.syai.com

For media/business inquiries, please contact: bd@syai.com

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TOKYO, Feb. 20, 2024 — Horizon Capital, a U.S. private-equity firm with $1.6 billion AUM investing primarily in fast-growing tech and export-oriented companies in Ukraine, announced that its latest fund, HCGF IV has accepted a $20 million commitment from JICA. The investment was announced during the «Japan-Ukraine Economic Reconstruction Promotion Conference» in Tokyo yesterday, with a signing ceremony held at JICA’s office. This is the first investment that Horizon Capital has attracted from Japan, joining the firm’s esteemed U.S. and European investor base with circa $700 billion in capital.

JICA’s investment will catalyze financing primarily to fast growing, asset light, exporting technology companies, a sector that has demonstrated extraordinary resilience following the onset of the full-fledged invasion two years ago. The Fund is the largest and leading fund raised over the past few years and is notable given its strategy of investing now, not when hostilities end, to maximize its contribution to Ukraine’s ongoing resilience, including supporting growth, creating high-value jobs, expanding the tax base, increasing availability of capital for SMEs, and promoting gender smart investing. HCGF IV is the first fund in Central and Eastern Europe (CEE) to be awarded 2X Flagship Fund status, 1 of circa 10 globally attaining the highest 2X Challenge designation for funds, and an estimated 1 of 2 such funds led by a female Founding Partner & CEO. 2X Challenge was launched as a bold commitment to invest in the world’s women and promote gender equality in finance.

Lenna Koszarny, Founding Partner and Chief Executive Officer, said: “We are thrilled to welcome JICA to our esteemed group of investors backing our latest fund. This significant commitment is a testament to the global success, recognition and resilience of the tech and export-oriented sectors in Ukraine. It reflects a strong vote of confidence in the visionary entrepreneurs we partner with, who are at the forefront of driving economic growth and innovation in the Region. We are grateful for JICA’s support, which expands our ability to deliver stellar returns, as well as amplifies our impact in delivering sustainable development, job creation and promote gender-smart investing, at a time when our Region needs it most.”

Mikio Hataeda, Senior Vice President of JICA, said: “We are pleased to announce our commitment to Horizon Capital Growth Fund IV, to support the transformative potential of Ukraine and Moldova’s tech and export-oriented sectors. This investment aligns with JICA’s mission to finance sustainable development and economic resilience in emerging markets, but also illustrates our staunch support for Ukraine in face of the brutal war led by Russia. We are confident that our partnership with Horizon Capital will contribute to the growth of innovative enterprises in the region, fostering job creation and advancing gender equality in line with the 2X Challenge standards.”

Horizon Capital is the leading private equity firm in Emerging Europe with $1.6 billion in assets from investors with a capital base of circa $700 billion, raising over $800 million in growth capital in just over six years. The firm’s investment strategy focuses on backing visionary entrepreneurs leading fast-growing, primarily tech and export-oriented businesses in Ukraine and Moldova. Its funds managed have backed over 170 companies employing around 80,000 people to date.

The Japan International Cooperation Agency (JICA) is an incorporated administrative agency in charge of administering Japan’s Official Development Assistance (ODA), is one of the world’s largest bilateral aid agencies supporting socioeconomic development in developing countries in different regions of the world. It supports developing countries in addressing their development challenges through flexible combination of various cooperation modalities, such as Technical Cooperation, Finance and Investment Cooperation, and Grants. JICA has 96 overseas offices and operates in approximately 140 countries and regions of the world.  

Media Contact – Alona Kotsiubynska; [email protected]; +380 93 297 9487

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SOURCE Horizon Capital

MCKINNEY, Texas, Feb. 19, 2024 — NOVOS FiBER has officially announced its entrance into its second market, McKinney, Texas. Backed by InLight Capital, the DFW headquartered fiber-to-the-home (FTTH) company is allocating $20 million to bring services to McKinney residents. This announcement comes shortly after NOVOS FiBER’s successful debut in Arlington, Texas, where the company is investing a further $25 million and already has live customers on its fiber network.

Andrew Snead, NOVOS FiBER CEO, expressed enthusiasm about the positive reception from McKinney’s community stating, “We’re delighted to be building in McKinney. It’s an incredibly vibrant and fast-growing city and we’re excited to bring residents high-speed fiber internet with our promise of fairness, transparency and a genuine focus on the customer experience. It’s tremendously humbling to hear residents thanking the team for bringing choice to their neighborhood.”

Construction of the fiber network began several months ago, and the company is expecting to offer services to ‘Phase 1’ residents by the end of February with additional communities being added over the coming weeks and months. The ISP currently offers three distinct fiber optic internet plans – a 300 Mbps tier priced at $59.99, a 1-gig tier at $79.99 and 2.5-gig speeds at $114.99.

NOVOS FiBER’s mission is not only to bring high-speed internet to digitally underserved households, but the company also hopes to reshape consumers’ relationships with their service providers.

“We’re much more than a mere utility. When people see a NOVOS FiBER truck in their neighborhood, they can expect a different type of experience and a provider that truly cares about their customers and the neighborhood,” said Jennifer Rutledge, Customer Service Manager. “NOVOS is investing in the broader McKinney community, including school and city-organized events and our approach to customer centricity in other cities is reflected in our customer satisfaction scores,” Rutledge remarked.

McKinney residents that are interested in learning more about NOVOS FiBER can check if service is available in their zip code at www.novosfiber.com.

About NOVOS FiBER
NOVOS FiBER is a fiber-to-the-home (FTTH) provider focused on providing affordable, reliable high-speed fiber internet to customers, especially those in previously lacking internet regions. NOVOS FiBER is the customer-centric brand of Flying Bull Internet, founded by Andrew Snead and Melker Sandberg in 2022 and funded by InLight Capital, a Sugar Land based private investment firm. 

About InLight Capital
InLight Capital, LLC (“InLight”) is a private investment firm based in Sugar Land, Texas. InLight’s permanent capital base allows us to pursue an objective of long duration compounded capital growth. InLight maintains flexibility and discretion of the amount, duration and objectives of its invested capital, allowing for efficient decision making and strategic alignment with all stakeholders. InLight invests across virtually all asset classes ranging from public securities and real estate to direct investments in operating companies.

Media Contact:
Wes Briscoe
NOVOS FiBER
[email protected]
1-800-776-6867

SOURCE NOVOS FiBER

• Part of Abu Dhabi’s Hub71, The Cloud secures $12 million in Series B funding, with MENA Moonshots among the new investors, reflecting broad market confidence
• Strategic acquisition of KBOX adds 200 locations in the UK to The Cloud’s global portfolio, purchased for an undisclosed amount, signaling a strategic move into the European market with expansion planned in the UK, Lithuania, Belgium, and the Netherlands
• Founder & Chairman Georges Karam, alongside strategic investors, positions The Cloud as a disruptor in the food tech sector, aiming for a dual listing in Abu Dhabi and Riyadh by 2027 with a target of 8,000 locations

DUBAI, UAE, Feb. 19, 2024 — The Cloud, a Hub71 food tech startup, has announced the successful first close of its $12 million Series B funding round out of a total $30 million it is raising. The funding round saw participation from a new investor, MENA Moonshots, showcasing confidence in The Cloud’s ambitions to innovate and expand.

This milestone, coupled with debt financing from Aluna Partners, and the strategic acquisition of the UK-based food tech startup KBOX, marks a significant stride for The Cloud, founded by Georges Karam, towards redefining the virtual dining landscape in the GCC and Europe.

With a vision deeply rooted in leveraging in-house technology to disrupt the food industry, The Cloud’s acquisition of KBOX strategically expands its global footprint by 200 locations in the UK. This move underlines the company’s commitment to driving innovation and asserting leadership in the food tech sector, setting the stage for rapid expansion across the UK and other strategic European markets such as Lithuania, Belgium, and Netherlands.

The Series B funding, a balanced mix of equity and debt, is a testament to The Cloud’s business model and its vision. Having initially raised $10 million in the Series A funding, this round brings The Cloud’s total funds raised to $22 million, which highlights the company’s capacity to attract strategic partners like MENA Moonshots. The investments extend beyond capital, providing invaluable expertise and access to networks as The Cloud ambitiously eyes new markets and innovative dining solutions.

Georges Karam, Founder & Chairman of The Cloud, shared his enthusiasm for the new developments, stating: “Our Series B funding and the acquisition of KBOX cement our role as disruptors in the global food tech sector. With a cumulative $22 million raised to date, we’re not only eyeing new markets but are set on increasing our market share in existing territories. Our in-house developed technology and strategy for further acquisitions underscore our belief in the industry’s consolidation and our commitment to scaling strong homegrown brands internationally. Looking forward, we continue to actively eye more strategic acquisitions while also seeking to raise further capital.”

Stefano Sciacca, Managing Director at Aluna Partners, said, “The online food delivery market is a mega trend that is here to stay. We believe that The Cloud will gain significant market share in the UK market through the acquisition of KBOX. Having looked at many food tech business models, we believe The Cloud is emerging as a global market leader and are excited to support such a fast-growing venture.” 

The additional capital from the Series B funding will be instrumental in accelerating growth, with a significant portion earmarked for international expansion, enhancing operational capabilities, and further developing The Cloud’s proprietary technology platform.

With a presence in 7 countries and 91 cities, and ambitions to reach 8,000 locations by the end of 2027, The Cloud is on track for a dual listing in Abu Dhabi and Riyadh, marking a new era of growth for the virtual chain in the EMEA region. As the company advances on this growth trajectory, it remains committed to its mission of transforming the global dining experience, empowering restaurateurs, and setting new benchmarks for quality and innovation in the food tech industry.

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PALO ALTO, Calif., Feb. 16, 2024 — WovenEarth Ventures held the final close of its first fund, WovenEarth Fund I at $152M on January 31st, hitting its hard cap. WovenEarth’s mission is to seek attractive, risk-adjusted returns while moving compelled capital into US early-stage climate tech venture, providing highly diversified exposure to the sector via a focused, carefully crafted fund of funds with differentiated access.

This new fund seeks to break down the barriers to investing in US early-stage climate tech, which remains difficult for many investors to enter due to the dynamic, technical, and emerging nature of the space.

WovenEarth draws on the decades of experience that founder Jane Woodward has accrued building portfolios of early-stage risk in the energy industry. Jane is complimented by two partners, co-founder Mauricia Geissler, the former chief investment officer of Amherst College, and Denise Miller, an energy transition strategist, and four other team members as well as expert senior advisors. 

WovenEarth’s inaugural institutional partners include three major university endowments – Boston University, Northwestern University, The Pennsylvania State University – along with Glenmede (representing a major foundation), Mortenson Family Foundation, and M.A. Mortenson Companies. Big Path Capital provided fundraising support.

Since 2022, WovenEarth Fund I has invested with 13 US-based early-stage climate tech venture fund managers that are generalist investors focused on decarbonization, as well as managers that have domain-focused funds on specific climate tech sub-sectors such as wildfire, water, agriculture, or digital solutions.

WovenEarth Fund I is largely committed to underlying funds and seeks to ultimately provide exposure to over 300 underlying portfolio companies. In addition, the fund also opportunistically coinvests directly in companies often with unique access.

Jane has been an educator at Stanford for more than 30 years and investor education is central to WovenEarth’s strategy. She brings her knowledge to WovenEarth investors through curated quarterly workshops featuring venture managers from WovenEarth’s portfolio along with select portfolio companies.

About WovenEarth
WovenEarth’s mission is to seek attractive, risk-adjusted returns while moving compelled capital into US early-stage climate tech venture, providing highly diversified exposure to the sector via a focused, carefully crafted fund of funds with differentiated access.

Media & PR Contact
Chris Allieri
Mulberry & Astor
[email protected]

SOURCE WovenEarth Ventures

Global Millennial Capital pioneers the Profit with Purpose methodology of Harvard Business School in partnering with exceptional entrepreneurs.

BOSTON, Feb. 16, 2024 — Global Millennial Capital Ltd., (“GMCL”) an award-winning venture capital fund that uses a data-driven research approach to identify investment white spaces in the global technology sector and reduce investment bias, announced the close of its first $20 million fund as part of an oversubscribed private subscription round. Anchored by the Qatar-based Al Attiyah family office, with participation from various Gulf-based and international investors, the venture capital fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.

GMCL was established in 2021, amid the global COVID-19 pandemic, to invest in technology businesses with unique access to leading academic institutions, incubators, accelerators, and corporate venture capital firms. The firm uses a research-driven model to augment its deal-origination capability and to automate the initial assessment of startup features, which is GMCL’s unique value proposition.

The emerging venture capital investor brings a lucrative yet “contrarian” perspective to identifying global themes and investment trends in the technology sector. GMCL has invested in a portfolio of fifteen early-growth technology companies operating in disruptive sectors, as decentralized finance, blockchain technologies, software, and fintech, that embody the prospect of design thinking and innovation in digital economies. At completion, GMCL will have invested in around thirty-five companies with access to unlimited capital towards follow-ons.

The senior members of the management team have previously invested and exited funds with similar strategies and realized paths to exit over a realistic timeframe. The Advisory Board of the fund is composed of industry leaders with more than one hundred years of combined investment experience, bringing solid credentials in the areas of strategic advisory and asset management projects exceeding $6 billion.

Andreea Danila, the General Partner and Member of the Investment Committee holds an impressive record of executing various fund management mandates, spanning venture capital, mezzanine, credit, and private equity. Andreea has previously invested in fifty early-growth technology companies and advised on more than twenty mid-market transactions in the technology and consumer sectors.

GMCL, a member of the Impact Finance Research Consortium, pioneers a data-driven innovation and Profit with Purpose investment model for venture capital funds by introducing the utilization of innovative impact metrics supported by robust research completed by innovative software. By quantifying the tangible and intangible effects of early-stage investments during the hyper-scalability cycles, industry stakeholders can discern not only financial returns but also impact metrics such as social and financial inclusion indices, thereby forming a strong thesis for our impact-driven founders building scalable technology companies that can change the way consumers, companies and governments interact in the new digital economy.

DISCLAIMER: GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS A VENTURE CAPITAL FUND REGISTERED WITH THE BRITISH VIRGIN ISLANDS FINANCIAL SERVICES COMMISSION WITH FUND NUMBER 2037148. NO PART OF THIS ARTICLE IS INTENDED TO BE OR MAY BE RELIED UPON, AS INVESTMENT ADVICE, INVESTMENT RECOMMENDATION, AN OFFER TO SELL, OR THE SOLICITATION OF ANY OFFER TO BUY, ANY SECURITY OR ADOPT ANY INVESTMENT STRATEGY. GLOBAL MILLENNIAL CAPITAL LTD. (PIF) IS NOT A REGISTERED INVESTMENT ADVISOR.

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SOURCE Global Millennial Capital