LUND, Sweden, Sept. 5, 2023 — Swedish semiconductor trailblazer, AlixLabs, has successfully secured SEK 40 million in funding to accelerate their pioneering work. Specializing in semiconductor advancements, AlixLabs has developed a revolutionary Atomic Layer Etching (ALE) Pitch Splitting technology (APS), which has attracted substantial investment from notable backers including Navigare Ventures, Industrifonden, and FORWARD.one. This marks a significant step towards transforming semiconductor manufacturing by making it more energy-efficient and cost-effective.

The semiconductor industry has long faced challenges related to escalating expenses, particularly due to the high costs of Extreme Ultraviolet Lithography (EUV) equipment and has an escalating need for energy-efficient alternatives and more sustainable practices. AlixLabs is disrupting the semiconductor landscape with their innovative approach to manufacturing. Through their ALE Pitch Splitting technology (APS), they enable the precise division of nanostructures while significantly reducing energy consumption and emissions. This breakthrough has now caught the attention of investors, as it addresses the rising costs associated with current manufacturing techniques.

Jonas Sundqvist, CEO of AlixLabs, stated: “The investment plays a pivotal role in propelling our company towards scalable success. The infusion of capital not only validates our vision but also empowers us to bring our groundbreaking technology to the forefront of semiconductor manufacturing. This investment marks a significant milestone as we work towards our goal: to have our meticulously developed process adopted by circuit manufacturers in their most advanced production by 2025. With this support, we are forging a path to transform the semiconductor landscape and usher in a new era of efficiency and innovation.”

AlixLabs’ innovation arrives at an opportune moment, with the European Union’s ambitious semiconductor initiative, the EU Chips Act, allocating substantial resources for semiconductor companies. With over 43 billion euros earmarked for the next five years, this initiative complements AlixLabs’ mission to drive technological progress and sustainable manufacturing.

Alex Basu, Investment Manager at Navigare Ventures, said: “AlixLabs has taken considerable steps in establishing itself as an emerging equipment manufacturer, contributing to the fast growing European semiconductor industry. We look forward to a continued partnership as they bring their technology to production in the coming years.”

Tobias Elmquist, Senior Investment Director, commented: “At Industrifonden, we’re committed to science-backed, scalable investments that have the power to drive meaningful change in society. AlixLabs is redefining semiconductor manufacturing and we’re proud to support them on their journey towards a more efficient and sustainable industry.”

Arjan Göbel, partner at FORWARD.one:”The technology that AlixLabs has developed solves real problems for its semiconductor customers and adds a lot of value for them by reducing the complexity of making chips and making the process much cheaper while reducing the environmental impact of the process significantly. Doing this with a very skilled and ambitious team, makes it a great investment for FORWARD.one.”

Contact:

Jonas Sundqvist, CEO of AlixLabs, phone +46 767 63 94 67, email [email protected]. 

The following files are available for download:

SOURCE AlixLabs AB

Funding will enable ViAqua to bring its first product to market, invest in R&D for future products, and prove the platform’s ability to deliver RNA-based solutions at scale.

HAIFA, Israel, Sept. 5, 2023 — ViAqua Therapeutics, a biotechnology company and developer of an orally administered RNA-particle platform to promote and improve animal health in aquaculture, announced it has completed a US$8.25M round led by S2G Ventures with participation from Rabo Ventures, The Trendlines Group Ltd., Agriline Limited, Nutreco, I-Lab Angels and Circle Investments LLC.

Aquaculture is essential for improving food security, providing a healthy and sustainable food source, and protecting wild fish stocks in the face of growing demand for marine protein. But disease management is currently the biggest issue facing the aquaculture industry, resulting in more than $8.5 billion in economic impact for the shrimp industry alone, according to an analysis from Kontali.

To address this problem, ViAqua has developed a biotechnology-based oral delivery platform for the targeted administration of RNA-based solutions to improve disease resistance in aquaculture.

“Oral delivery is the holy grail of aquaculture health development due to both the impossibility of vaccinating individual shrimp and its ability to substantially bring down the operational costs of disease management while improving outcomes,” said Shai Ufaz, chief executive officer of ViAqua. “We are excited to bring this technology to market to address the need for affordable disease solutions in aquaculture.”

Shrimp, one of the most widely consumed seafood products globally, in particular, are very susceptible to disease due to their lack of adaptive immune systems, and there are currently no products available that address shrimp disease today. The company’s first product is a feed supplement to enhance resistance to viral infections in shrimp, with the initial application targeting White Spot Virus (WSSV), which causes an annual loss of around $3 billion and a 15 percent reduction in global shrimp production. This solution will provide much-needed production stability for farmers while also creating the opportunity to increase production per farm without increasing disease risk.

“Aquaculture is critical for the sustainable supply of marine protein,” said Kate Danaher, managing director of S2G Ventures’ Ocean and Seafood fund. “ViAqua’s platform technology will enable the company to move beyond WSSV to address numerous other diseases in aquaculture while similar technologies are still years away from reaching the market.”

ViAqua produces its capsule products using commercial, industrial processes and is scaling production to take its first product to market. With plans to begin production in India at the beginning of 2024, the company has established a commercial partnership through a joint development and marketing agreement with Skretting, a Nutreco company, to bring the product to the market. While ViAqua is currently focused on shrimp production, the delivery technology has numerous applications in aquaculture and beyond, which the company is excited to explore.

“We are truly excited by the potential of ViAqua’s technology because of the value it unlocks for the planet and the farmers. Diseases cause mortality rates of up to 50%, which result in 25-30% of shrimp farms failing annually. This is tremendously unproductive and hurts a lot of livelihoods,” explained Shishir Sinha, investment director at Rabo Ventures. “Our bank’s aquaculture specialists Gorjan Nikolik and Novel Sharma were impressed by the game-changing impact potential of having a solution for an issue that has plagued the sector for decades and can make a meaningful difference in the lives of the smallholder farmers, who represent 80% of supply.”

About ViAqua Therapeutics

ViAqua was established to address the growing need for effective, specific, and affordable health management of diseases in aquaculture. One of the major challenges facing the shift to sustainable aquaculture practice is the prevention and treatment of disease. ViAqua is developing a biotechnology-based, oral delivery platform for administration of nucleic acid-based solutions for promoting health in marine species.

About S2G Ventures:

S2G Ventures, the direct investment team of Builders Vision, partners with entrepreneurs who are working on solutions to some of the world’s greatest challenges across the food, agriculture, oceans, and clean energy markets. We provide capital, mentorship, and value-added resources to companies pursuing innovative market-based solutions that generate positive social, environmental, and financial returns. We provide our partners with 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 Rabo Ventures:

Rabo Ventures, part of Rabobank, partners with early stage companies across the value chain to support their growth ambitions and enable the vital transitions needed in global Food & Agriculture. We invest behind stellar management teams building solutions for real problems with a focus on driving innovation and sustainability. With a local presence in 25 countries and over 100 dedicated sector specialists and researchers, Rabobank is the global leader in Food & Agriculture banking. As part of Rabobank’s captive investment franchise, Rabo Investments, we leverage the banks platform, knowledge and network to help sustain and grow your business while accelerating transitions that matter.

Media Contact:
Ally Dunne
Ally.Dunne@zenogroup.com

SOURCE ViAqua Therapeutics

The self-serve infrastructure management platform is helping companies adopt the future of DevOps.

LEWES, Del., Sept. 4, 2023 — Facets.cloud, a self-serve infrastructure management platform, has raised $4 million in a seed funding round led by 3one4 Capital. The platform helps improve developer productivity by streamlining and productizing cloud deployment workflows.

Facets was co-founded in 2021 by Anshul Sao, Pravanjan Choudhury, and Rohit Raveendran – all three are alumni of IIT-KGP.

Modern DevOps practices today entail Ops teams stitching together 32 categories of toolchains to manage environment provisioning, releases, observability, and other aspects of the cloud delivery process. This approach requires a mind-numbing amount of effort to maintain, update and keep in sync with the ever-changing requirements. This poses a distraction for organizations from their core business offerings.

“Cloud delivery of products is an incidental complexity that businesses have to deal with. Anything that’s not core to your business and taking away your Developers’ time is noise and needs to be productized,” says Pravanjan Choudhury, founder and CEO at Facets.

Facets streamlines all the cloud deployment processes into an Internal Developer Platform, making it easy for Developers to self-serve their infrastructure needs. This new way of attempting cloud delivery is called Platform Engineering and Facets is designed to help companies adopt this practice.

Commenting on the funding, Choudhury said: “The infusion of $4 million is a testament to the immense potential of Facets and the platform engineering philosophy we embody. We are grateful for the trust shown by 3one4 Capital and other investors.“

Before Facets, Choudhury worked as the CTO of Capillary Technologies for close to 10 years. Anshul Sao was previously the Chief Architect at Capillary Technologies and also worked at Yahoo, while Rohit Raveendran was the Principal Architect at Capillary. Facets is used by companies like MPL, Treebo, Capillary Technologies, Purplle, among others.

“Facets is a game-changer for complex DevOps setups. By automating last-mile cloud delivery as a product, it empowers businesses with self-service infrastructure management, enabling enhanced efficiency and positioning them as industry leaders. Their approach to platform engineering has the potential to transform the landscape. We believe in the immense potential of Facets to redefine how organizations manage their DevOps and are proud partners in their growth journey,” stated Anurag Ramdasan, the lead partner from 3one4 Capital.

Facets aims to use this capital to expand in the US market, promote and advance the platform engineering philosophy and enhance its product offerings.

Other investors who participated in the round were 100x Entrepreneurs (now Neon), and prominent angels like Abhinav Asthana, Pallav Nadhani, Aneesh Reddy, Krishna Mehra, and Sreedhar Pedinneni, among others.

About Facets.cloud:

Facets is a ready-to-use Internal Developer Platform that enables self-serve deployment and standardizes DevOps workflows. Built on the philosophy of platform engineering, Facets helps Devs self-serve their infra needs. Visit www.facets.cloud

Photo: https://mma.prnewswire.com/media/2200849/Facets_cloud_Founders.jpg
Logo: https://mma.prnewswire.com/media/2200848/Facets_cloud_Logo.jpg

SOURCE Facets.Cloud India Private Limited

HELSINKI, Sept. 4, 2023 — ReOrbit, a Helsinki-based leading provider of software-enabled satellites, has completed an oversubscribed Seed funding round for US $7.4M, led by Inventure VC, along with participation from 10x Founders, existing investor Icebreaker.vc, Expansion, and Yes VC.

ReOrbit enables real-time dataflow in space and provides Earth Observation and SatCom operators with flight software, satellite platforms, and complete systems. Thanks to its highly flexible software-first architecture, ReOrbit can adapt its satellites to different missions and support any payloads with powerful flight capabilities whilst keeping cost and time-to-orbit low. ReOrbit has been profitable since it was founded, gaining strong traction with customers ranging from governmental and institutional sectors to commercial satellite operators.

“This is a very important milestone for ReOrbit, and we are thrilled to have secured this significant support from our new and existing investors,” says Sethu Saveda Suvanam, CEO and Founder of ReOrbit. “Our outstanding team is dedicated to delivering cutting-edge solutions that meet the highest global quality, security and operability standards. We can now accelerate our development strategy focusing on international expansion and products that make a difference. We have a very strong pipeline, and this funding will enable us to deliver multiple space systems”.

“ReOrbit represents the next frontier of the new space economy. We are happy to support the rapid growth of the company and its continuous impressive work on advancing breakthrough technologies in space.”, says Tuomas Kosonen, Partner at Inventure VC.

ReOrbit’s Board of Directors is led by the Chairman of the Board Nishant Batra, Chief Strategy and Technology Officer of Nokia, and includes esteemed members Tuomas Kosonen, Partner at Inventure VC, Markus Räikkönen, Investor at YES VC, Sethu Saveda Suvanam, CEO and Founder of ReOrbit, and John Auburn, Chief Strategy Officer of ReOrbit.

About ReOrbit

ReOrbit provides autonomous and interconnected satellites that are optimized for efficient and reliable delivery of customers space-related data. ReOrbit is creating the most compelling in-space data flow company by augmenting world’s information use via space.

ReOrbit works with the most prominent entities within security, satcom and Earth observation. Our technology is supported by Business Finland, the European Space Agency and the European Commission.

Founded in 2019, ReOrbit is headquartered in Helsinki, Finland with additional offices in Sweden and Argentina. For more information, please visit https://www.reorbit.space/

Contact
Media Contact:
Jana Avdeeva, Marketing Manager, ReOrbit
[email protected]
+358 504344104

SOURCE ReOrbit Oy

BREA, Calif., Sept. 1, 2023 — The Labor Day weekend may be a reprieve for many, but in the unforgiving digital battleground, there is no ceasefire. Cyber threats don’t take holidays, and neither do we. ThreatHunter.ai stands tall, a relentless sentinel in a world where a single breach can decimate reputations, finances, and futures.

Our Breach Hotline: 714-451-8803 isn’t a courtesy; it’s a necessity. It’s not just an emergency line; it’s a warline. Whether you’re an existing ally or find yourself blindsided by an unforeseen cyber assault, we’re your rapid response, ensuring immediate countermeasures.

James McMurry, CEO of ThreatHunter.ai, articulates it best: “Our team isn’t just dedicated; they’re battle-hardened. While the world seeks respite this Labor Day, our Threat Hunters are on the frontlines, eyes wide, senses sharper than ever, ready to strike back.”

At ThreatHunter.ai, we’re not just reactive; we’re predatory. We hunt threats before they hunt you. Our Expert Human Threat Hunters, armed with our ARGOS Platform, the best Intel and Counter-Intel from our 1MC Labs team, and the latest tools and an aggressive mindset, ensure that we’re not just another player; we’re the apex predator in the cybersecurity ecosystem.

The harsh lessons of the past, like previous holiday periods of catastrophic breaches at non customers, are not lost on anyone. They’re our fuel. ThreatHunter.ai operates with a sense of urgency, acknowledging that in the brutal cyber realm, even a second’s delay can be fatal.

But our ethos goes beyond just defense. We believe that when the digital hounds are at your door, everyone deserves a fighting chance.

Our Breach Hotline isn’t exclusive; it’s for every panicked call, every desperate plea, customers or not.

As you navigate the Labor Day celebrations, remember; in the ruthless digital wilderness, threats are always lurking.

But with ThreatHunter.ai by your side, they’re the ones who should be afraid.

If you are experiencing a breach, remember to call us 714.451.8803

Or email [email protected]

Semper Paratus.

About Threathunter.ai

ThreatHunter.ai, a 100% Service-Disabled Veteran Owned Small Business, is a leading provider of AI-driven threat hunting solutions. Its advanced machine learning algorithms and expert analysis help organizations detect, identify, and respond to cyber threats. Its solutions are designed to supplement existing security resources and provide a fresh perspective on how to address today’s complex cyber threats.

Don’t miss the opportunity to safeguard your organization with the unparalleled cybersecurity protection offered by ThreatHunter.ai.

Visit our website at www.threathunter.ai to explore our unique approach, learn more about our cutting-edge solutions, and discover how we can empower your business to stay ahead of cyber threats.

To speak with our experts or schedule a personalized demo, reach out to our sales team at [email protected] or call 714.515.4011.

Take action today and ensure the security and resilience of your digital infrastructure.

Media Contact:
Lydia Coulter
[email protected]
714-515-4011

SOURCE ThreatHunter.ai

VERO BEACH, Fla., Sept. 1, 2023 — Clear Current Capital hits its 6-year milestone today! The targeted impact VC firm which closed its Fund ll earlier this year, focuses on early-stage investments in companies within the sustainable food and food tech industries.

Fund ll continues CCC’s mission of catalyzing sustainable change in the food system by backing world-class founders and helping to build companies that create solutions around food sustainability, animal welfare, health, and climate impact.

Curt Albright, Managing Member of CCC, brings over 30 years of senior-level finance experience in balance sheet management, risk assessment, and early-stage investing. Albright founded CCC in 2017 to focus on making investments that reflected his passions and values, and providing investors with market access to returns and impact in the sustainable food arena.

“We are fortunate to work with outstanding LPs who understand the urgency needed to support the food system right now,” says Albright. “Many of our LPs in this fund have been with us since Fund I, and we are excited to welcome new LPs on board with our second fund, as well.” 

Fund ll has already made great strides in investing in nine companies across North America, Europe, and APAC. The Fund will look to create a portfolio of ~20 sustainable food companies in total.

“It is important now, more than ever, to fund solutions to key challenges facing the shift to a sustainable food system on a global scale,” says CCC’s Principal Steve Molino, who leads diligence and new investment efforts. “Fund II has already backed some incredible founders, and we are excited to continue partnering with entrepreneurs addressing pain points and opportunities in the space.”

On this anniversary, CCC is driven and energized about the future. “What sets us apart is our focus, experience, and culture. We’ve cultivated a phenomenal community of LPs and companies over six years. As we celebrate our six-year milestone, we are looking ahead to support more companies that can deliver innovation, solutions, and returns,” says Principal Kim Flores.

About Clear Current Capital:

Clear Current Capital is a targeted impact venture capital fund investing in early-stage plant-based food, cell-cultured meat companies, and food tech.
For further information about Clear Current Capital, please visit www.clearcurrentcapital.com.

Media Contact

Curt Albright
[email protected]
704-363-9140

SOURCE Clear Current Capital

The $50,000 Grand Prize Winner will be announced Sept. 18 at the Grand Finale Event

MINNEAPOLIS, Sept. 1, 2023 — MN Cup, the nation’s largest statewide startup competition, is excited to announce nine emerging companies have won their respective divisions, securing cash awards and moving forward to compete for this year’s $50,000 grand prize.

The nine Division Winners were selected from an initial pool of more than 3,000 entrepreneurs across Minnesota. Division winners receive $25,000 in non-dilutive cash prizes and a shot at the grand prize. The Youth division awards a total prize of $20,000 — the first-place winner will receive $10,000, and the second and third-place winners and semifinalists will divide up the remaining funds. Competitors in every division are also eligible to win dedicated prizes funded by The Southern Minnesota Initiative Foundation, Carlson Family Foundation and MEDA.

Each company will present to the Grand Prize Review Board during the Grand Finale event, which will be held from 4-7 p.m. on September 18 at the McNamara Alumni Center on the University of Minnesota Twin Cities campus. During the event, the Grand Prize Winner and other special awards will be announced. To attend, click here.

MN Cup’s 2023 Division Winners are:

ENERGY, CLEAN TECH & WATER: Carba

EDUCATION & TRAINING: Radar Talent Solutions

FOOD, AGRICULTURE & BEVERAGE: Quebracho Empanadas

GENERAL: REMastered Sleep

HIGH TECH: Raise a Hood

IMPACT VENTURES: Xanthos Health

LIFE SCIENCE & HEALTH IT: Glimpse Diagnostics

STUDENT: Nivoso

YOUTH: SafeSphere

A record number of unique business plans were submitted this year — a 17 percent increase over last year. Participation continues to reflect MN Cup’s priorities of increasing representation with 43% Women-led, 38% BIPOC-led and 31% Greater Minnesota-led companies applying.

MN Cup is a free, annual competition that identifies, supports, and connects early-stage ventures throughout the state. Since 2005, MN Cup has supported over 23,000 entrepreneurs and awarded more than $5 million of non-dilutive cash prizes to MN-based startups who have gone on to raise more than $1 billion. For more information, visit mncup.org. 

About MN Cup:
MN Cup is a community-led, public-private partnership that brings together corporations, investors, foundations, government and skilled volunteers to support Minnesota’s entrepreneurs. MN Cup is a program of the Holmes Center for Entrepreneurship at the University of Minnesota’s Carlson School of Management. To learn more, visit mncup.org.

###

Media Contact: Megan Rogers
612-351-8441
[email protected]
mncup.org

SOURCE MN Cup

The asset management VC of the Japanese insurance conglomerate joined the compact fusion energy company with a deferred investment, pursuing decarbonization and innovation in the energy sector

TEL AVIV, Israel, Aug. 31, 2023 — nT-Tao, the compact fusion energy company setting a new standard for the future of clean energy, today announced that MITSUI SUMITOMO INSURANCE Venture Capital, the Japanese asset management arm of Mitsui Sumitomo Insurance Company, has joined the Series A funding round in a deferred investment for an undisclosed sum. nT-Tao announced its Series A round in February of this year, closing $22M in funding led by Delek US – a Fortune 500 downstream energy company – Next Gear Ventures and Mayer Cars & Trucks Group, with additional participation from Honda, the Grantham Foundation, the lead investor in the company’s seed round, J-IMPACT, East Innovate (the VC arm of East Alpha) and OurCrowd. These new funds enable nT-Tao to continue to develop and test its Compact Fusion Reactor, expand its team of physicists, and pursue other regional and global partnerships.

nT-Tao is pioneering a compact and scalable nuclear fusion solution aimed at significantly reducing reliance on fossil fuels and overcoming the limitations of existing renewable energy sources. Leveraging the strengths of both tokamak and stellarator technologies (two competing approaches used in nuclear fusion research to confine plasma within magnetic fields to facilitate the fusion reactions), nT-Tao has developed its Compact Fusion Reactor and is currently in the experimental phase of C1, the first of its Series C prototypes.

“We are excited to have MITSUI SUMITOMO INSURANCE Venture Capital join us on our mission as we continue to partner with companies dedicated to solving the climate crisis,” said Oded Gour-Lavie, CEO and Co-Founder of nT-Tao. “This marks the second strategic investment in nT-Tao from a Japanese conglomerate, and we look forward to expanding our partnerships in Japan and beyond, as we accelerate research and development of our compact fusion energy solution.”

“Fusion energy is the future of clean energy, and as a company that is dedicated to sustainable growth and addressing climate change, it is our responsibility to help enable that future,” said Ryosuke Ide, Investor of MITSUI SUMITOMO INSURANCE Venture Capital. “We are impressed with what nT-Tao has achieved in such a short amount of time and the scientific approach they are taking and are excited to be a part of their journey to bring the cleanest form of energy to humanity.”

nT-Tao’s unique approach includes a proprietary magnetic chamber topology that dramatically reduces energy loss and effectively maintains core temperature, enabling the creation of a Super Stabilized Confined Plasma. Additionally, nT-Tao’s unique power supply technology is expected to enable plasma heating at densities orders of magnitude higher than other approaches. This, coupled with its significantly reduced pulse length, leads to an astounding increase in the rate of ion collisions, yielding greater overall efficiency which results in a much smaller fusion reactor footprint.

nT-Tao’s Compact Fusion Reactor design – the size of a shipping container – will be scalable and easily integrated into a multitude of settings and power requirements. Once commercialized, its versatile design and independent solution will make it adaptable for everything from industrial facilities to small towns and off-grid locations.

About MITSUI SUMITOMO INSURANCE Venture Capital

MITSUI SUMITOMO INSURANCE Venture Capital is a Japanese venture capital firm, a wholly-owned asset management VC subsidiary of Mitsui Sumitomo Insurance Company. The firm invests in domestic and foreign startups that have innovative technologies and business models with high growth potential addressing global social issues such as climate change, mainly in the areas of Climate tech, AI, fintech, and healthcare.

About nT-Tao

nT-Tao is disrupting the global energy sector by engineering a compact and scalable nuclear fusion energy technology with the goal of achieving commercialization this decade. The company’s proprietary ultra-fast plasma heating method will enable it to reach significantly higher densities than other fusion reactors, thereby making its fusion reaction orders of magnitude more effective and resulting in significantly greater efficiency of energy production than other leading solutions. Co-founded by Oded Gour-Lavie, Doron Weinfeld, and Boaz Weinfeld, emerged from stealth in 2022 and is headquartered in Israel. For more information, visit www.nt-tao.com and follow the company on LinkedIn and Twitter. nT-Tao will be at COP-28 in Dubai – please email [email protected] to arrange a meeting.

SOURCE nT-Tao

TORONTO, Aug. 30, 2023 – FlipGive, North America’s leading cashback rewards and end-to-end fundraising solution for youth sports teams, is excited to announce a successful $5 million CAD financing round. Capital raised in the round will be applied to further grow the FlipGive direct-to-consumer app across North America, and to scale FlipGive’s new white label embedded cashback rewards shopping platform.

FlipGive Rewards, a white label embedded cashback rewards shopping platform unlocks a new source of revenue for sportstech, schooltech, and causetech companies, leveraging FlipGive’s proven model for turning everyday shopping into reliable, recurring donations via cashback rewards.

The Round was co-led by Thrive Venture Fund at BDC Capital and Framework Venture Partners.

FlipGive simplifies youth sports fundraising. With over 800 brand partners, a percentage of every dollar shoppers spend via FlipGive goes directly to the team as a cashback reward. This modern take on fundraising lowers costs for youth sports so kids can play more and spend less on the sports they love.

FlipGive is a certified Beneficial Corporation (B-Corp) deeply committed to accessibility in youth sports. To date, FlipGive has given back over $50M by helping sports families across North America turn everyday shopping into effortless fundraising.

“Youth sports have never been more expensive than they are today, especially as families feel the pressures of double-digit inflation. 44% of parents say they struggle to fund their kids’ sports and activities,” said Amy Halpenny, CEO of FlipGive. “FlipGive offers a solution to offset the rising cost of play; a fast, free, and easy way to fund a youth sports season by earning cashback from everyday shopping.

FlipGive Launches Embedded Cashback Rewards Shopping Platform

Launched in August, the FlipGive Rewards platform enables companies in sportstech, schooltech, and causetech verticals to seamlessly embed a white label fundraising-via-cash-back model into their offering.

The FlipGive Rewards platform expands the impact of FlipGive’s proven model in youth sports fundraising and opens exciting new opportunities in the $500B charitable and school fundraising space.

“Leagues, teams, schools, and charities need new ways to extend fundraising beyond traditional donations. FlipGive Rewards will help sportstech, schooltech, and causetech companies to leverage not just a new idea for fundraising but a new wallet entirely,” said Halpenny. “Everybody shops. With FlipGive, everyday shopping delivers reliable, recurring online donations year-round via cashback rewards that are donated to the supported cause.”

“We’re excited to support FlipGive as it grows and accelerates the development of its  embedded cashback rewards platform, now delivering recurring cashback-as-donations to address one of the biggest pain points in charitable fundraising sector, ” said Michelle Scarborough, Managing Partner, Thrive Venture Fund at BDC Capital. ”From the beginning, FlipGive has transformed how sports teams fundraise and has demonstrated positive impact on thousands of families in North America — all while making it easier for everybody to give back.”

First FlipGive Cashback Rewards Partner

Timing of the round coincides with the launch of the first white label FlipGive Rewards partner, TeamLinkt. TeamLinkt is one of North America’s fastest-growing sports management and team apps. Powered by FlipGive, TeamLinkt Rewards makes it easy for TeamLinkt’s over 1.5M users to lower cost of play with cashback rewards from everyday shopping online and in-store with 800+ brands.

“Sports leagues, clubs, teams, and associations look to TeamLinkt to solve their administration challenges so they can invest their time and resources into growth. Working with FlipGive to power an embedded cashback rewards shopping solution expands TeamLinkt’s ability to serve the needs of our over 1.5M users. One of the biggest challenges teams face is rising costs. TeamLinkt Rewards, powered by FlipGive, gives our users a seamless way to use everyday shopping to help fund their season,” said TeamLinkt CEO and Co-Founder, Jay Maharaj. 

ABOUT FLIPGIVE

FlipGive (flipgive.com) is an easy-to-use cashback app for teams, designed to help sports parents lower the cost to play by shopping for the things they’re already buying from over 800 top brands. Cashback from groceries, gas, dining, gear, travel, and more reduces player fees, ensuring no family has to choose between sports, their budget, and their time. FlipGive Rewards gives  companies in sportstech, causetech, schooltech verticals an easy way to seamlessly embed a white label version of FlipGive’s unique shopping-as-cash-back fundraising model into their platforms.

ABOUT BDC CAPITAL

BDC Capital is the investment arm of BDC, Canada’s bank for entrepreneurs. With over $6 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity as well as ownership transition solutions, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.

ABOUT TEAMLINKT

TeamLinkt (teamlinkt.com) provides a Free Sports Team Management App and League Management Platform. Used by thousands of teams and leagues, TeamLinkt offers a simple way to organize and connect teams, leagues, associations, clubs, and schools.

SOURCE FlipGive