NEW YORK, Aug. 17, 2023 — As banks grapple with the imminent rollout of Basel 3.1 and the repercussions of recent banking failures, including Silicon Valley Bank’s struggles, Suade, a leading figure in regulatory technology, is investing $20 million to reinforce its presence in the US and Canada.
Suade’s solution addresses the burgeoning need for advanced reporting systems, as financial institutions wade through an ever-evolving regulatory terrain. This move is both a response to the increased demand for their groundbreaking solutions and a pledge to support North American banks.
Diana Paredes, Suade’s CEO, remarked, “The upcoming Basel 3.1 framework underscores the urgency for banks to adopt agile and precise reporting systems. Our investment in US and Canadian growth is not just about expansion; it’s a testament to our commitment to supporting the financial industry as it grapples with evolving regulatory requirements.”
Bill Coen, ex-chair of the Basel committee and now an integral part of Suade’s board and advisory team, concurs. “The magnitude of regulatory changes is pressing banks to seek more efficient reporting methods. Suade’s expertise places it at the pinnacle of this transformation, ensuring financial institutions remain both compliant and competitive.“
Banks are increasingly under the microscope, expected to adhere to stringent reporting standards without sacrificing operational efficiency. Suade’s cutting-edge technology provides an answer, allowing institutions to streamline their reporting processes, stay compliant, and ultimately better serve their stakeholders.
This infusion of funds underscores Suade’s intent to remain at the forefront of the regtech evolution, poised to tackle the flux in the financial sector.
About Suade: Founded in 2014, Suade is a RegTech firm offering Regulation-as-a-Service to automate regulatory reporting and compliance for financial institutions. Its data-driven approach to regulation, as well as its use of innovative technology such as natural language processing and machine-learning, has distinguished Suade as a global leader in the industry. It has received numerous awards and titles, including being recognised as a Global Innovator by the World Economic Forum. Suade has the fastest system in the market. It services financial institutions all over the world and operates globally in offices across the UK, Europe, North America, and Asia.
Fifth Growth Fund Joins D’Amelio Brands in a Strategic Partnership to Introduce D’Amelio Foods to Their Brand Portfolio
LOS ANGELES, Aug. 17, 2023 — D’Amelio Brands, a new venture and cross-platform company created by entrepreneurs Marc and Heidi, and social media phenoms Dixie and Charli, announced today a $5M strategic investment from the consumer-focused media and tech firm, Fifth Growth Fund (FGF). This round of capital will fuel the company’s expansion into the Food & Beverage sector, with the imminent launch of D’Amelio Foods.
“D’Amelio Brands’ expansion into the Food & Beverage sector, fueled by FGF’s investment, is a significant step in our journey of continuing to launch socially conscious brands that resonate with our audience,” said Marc D’Amelio, CEO of D’Amelio Brands. “Some of our family’s best memories are made at home, in the kitchen or snacking in the family room. The products we plan to launch under D’Amelio Foods are inspired by our favorite flavors and snacks. We’re excited for people to try them out and create lasting memories of their own.”
D’Amelio Foods will offer an array of high-quality, flavorful, and accessible snacks, with the first product hitting shelves nationwide this fall. With the goal of creating unique flavors and a desire to transform everyday snacking into a joyful experience, the D’Amelio family will be intimately involved in product development and formulation, as well as marketing, brand building, and fulfillment.
As part of this strategic partnership, FGF partner Royce Wilson will join the Board of Directors at D’Amelio Brands. Simultaneously, D’Amelio Brands will work closely with Trusted Influence, a forward-thinking company that bridges the gap between retail and the creator economy. Trusted Influence has partnered with D’Amelio Brands and FGF in this endeavor, playing an integral role in developing the brand, sourcing, and brokering strategic retail deals for nationwide distribution.
“I am excited to join the Board of Directors at D’Amelio Brands and support their expansion into the Food & Beverage sector. This collaboration between D’Amelio Brands, Fifth Growth Fund, and Trusted Influence represents a truly innovative approach to product creation and distribution,” said Royce Wilson. “With the D’Amelio family’s ability to identify Gen Z’s unique tastes and preferences, this venture promises to bring fresh, high-quality, exciting products to the marketplace. We’re not just investing capital; we’re investing in the future of consumer goods and the evolution of how brands connect with their audience.”
The announcement of D’Amelio Foods follows the company’s first-ever brand venture, D’Amelio Footwear, which debuted in May 2023. D’Amelio Footwear’s collection features a range of styles, including boots, platform slides, sneakers, pumps, sandals and more, designed with style, comfort, and quality in mind. To learn more about D’Amelio Footwear, visit https://www.dameliofootwear.com.
ABOUT THE D’AMELIO FAMILY The D’Amelio family, referred to as the “first family of TikTok” by The Guardian have quickly become digital phenomenons. The family social media megastars have a combined social following of over 400 million and a successful TV show on Hulu (season 3 coming later this fall). The dynamic sister duo, 19-year-old Charli and 21-year-old Dixie are the most watched faces of their generation. Charli is the leading female TikTok creator, her bubbly personality, combined with her impeccable dance skills and social media sensibility, has catapulted her to stardom by captivating the screens of teens and adults worldwide.
The sister duo continues to make their mark in the fashion industry collaborating with brands like Valentino, Prada, Burberry, and PUMA. They even have launched their own clothing brand, Social Tourist. Their parents, Marc and Heidi, continue to encourage that they all use their platforms for good and to create positive change in the world. Marc leads by example, continuously shining light on causes that are important to the family, while balancing his professional career as an apparel entrepreneur and advisor in the sports industry. Full-time mom, Heidi, who previously pursued a career as a model and personal trainer, but now is an esteemed mother (who constantly oversees her family’s demanding schedules) continues to pursue her own passions in wellness, fitness, and philanthropy.
In May of 2023, they launched D’Amelio Footwear, which is their first endeavor under their most recent family venture, D’Amelio Brands. D’Amelio Brands was formulated using the family’s unparalleled marketing and business knowledge combined with their unique understanding and connection to fans around the globe. The company’s goal is to empower small and diverse businesses, launching brands that resonate with their audience and reflect their ever-changing interests. The family plans to roll out even more brands & products this year.
ABOUT D’AMELIO BRANDS D’Amelio Brands was formulated in 2022 – using the family’s unparalleled marketing and business knowledge combined with their unique understanding and connection to fans around the globe. The company’s goal is to create authentic and accessible products across a variety of industries, from fashion, beauty to CPG and lifestyle, and bring it under one roof, allowing each member of the family to fully immerse themselves in all areas of product development. D’Amelio Brands find ideas, concepts, and products that they are passionate about and incubate them – creating things with their family intellectual property that they own with their investors one hundred percent.
In September, D’Amelio Brands announced a $6M seed round from an accomplished group of diverse investors and business advisors, including:
Co-Founder, serial entrepreneur, and operator Richard Rosenblatt
Internet entrepreneur and business executive Michael Rubin
Developer and e-commerce entrepreneur Elena Silenok
Apple’s Senior Vice President of Services Eddy Cue
Chief Executive Officer of Lions Gate Entertainment Jon Feltheimer
Emmy and Golden Globe Award-winning media entrepreneur and visionary producer Ben Silverman
Award-winning entrepreneur and beverage industry veteran Lance Collins
United Talent Agency (UTA)
ABOUT FIFTH GROWTH FUND Fifth Growth Fund (“FGF”) is a $100M growth stage vehicle that invests in the next generation of innovative Media, Entertainment, and Consumer Technology companies. Led by veteran media executive Ed Wilson, FGF is powered by a team of experienced investors, founders, and large-scale operators who leverage their diverse operating experience, industry knowledge and large network to foster and accelerate growth for early-stage companies. Visit www.fgf.co for more information.
ABOUT TRUSTED INFLUENCE Trusted Influence is revolutionizing brand, creator, and retailer connections in today’s dynamic marketplace. With its full-service consumer products platform, it empowers established and emerging brands to excel. Visit www.trustedinfluenceinc.com for more information.
Media Contacts: D’Amelio Brands Nicole Perez-Krueger [email protected]
Round Led by Sapphire Sport, First-of-its-Kind Early Investor at the Intersection of Technology, Entertainment and Sport
MIAMI , Aug. 17, 2023 — SportsVisio, a new AI-powered software company bringing image-based, deep learning to the sports analytics space, is announcing a $3M seed round led by Sapphire Sport, a first-of-its-kind early-stage investment platform at the intersection of technology, media, entertainment and sport. SportsVisio’s revolutionary artificial intelligence (AI) technology is bringing augmented reality to the amateur sports level, allowing players, coaches and parents to record any game or live event on their smartphone and then enabling users to stream live, review statistics, access insightful analytics, and create highlights, all in real-time. Their cost-effective, platform agnostic technology applies artificial intelligence and computer vision, with no additional hardware, to automate statistical analysis and content creation faster and more seamlessly than ever before.
SportsVisio was founded in 2021 by CEO Jason Syversen and a veteran team. Jason and COO Samuel Corbitt previously co-founded Siege Technologies and Jason and CTO Dan Oblinger, both DARPA alums, have numerous startups under their belt. Their $3M Seed round, led by Sapphire Sport, is being used to further develop their next generation AI technology and to grow their sales team, as they continue to scale a revenue operation that includes current partnerships with leagues and media properties.
“AI is the future of how we develop technology to create more seamless, integrated products for a generation of consumers who expect professional capabilities in the palm of their hands,” said SportsVisio Founder and CEO Jason Syversen. “This product is going to change how players train, how coaches recruit and how leagues compete at every level of the game. We’re thrilled to have partners like Sapphire Sport on board who believe in democratizing access to sports video and analytics for everyone.”
“The market is crying for a new solution that captures the next generation of athletes and brings high-tech capabilities to the consumer sports analytics space,” said Doug Higgins, Co-Founder of Sapphire Sport. “SportsVisio is developing a next generation product and tapping into the future of how amateur and collegiate athletics are utilizing content to better their game.”
The SportsVisio platform applies artificial intelligence and computer vision to automate analysis and content creation for observers, participants, and coaches. SportsVisio helps its users collect and display highlights seamlessly. Additionally, the technology analyzes stats for individual players and teams, creating profiles and “lockers” in which games and highlights can be viewed, stored, and distributed across various social media channels. Finally, the technology serves to help teams and players improve their abilities through collaborative coaching functionalities.
Sapphire Sport, a first-of-its-kind early-stage investment platform at the intersection technology, media, entertainment and sport, announced a $181M second fund vehicle earlier this year to invest in companies like SportsVisio, companies using technology to power the next generation of consumer behavior across sports, media and digital commerce. This is Sapphire Sport’s second investment from Fund II. Their first fund vehicle includes investments in companies like Overtime, Fevo and Tonal.
About SportsVisio: SportsVisio is a deep tech SaaS company developing artificial intelligence (AI) and computer vision (CV) technology for the sports market. The venture-backed startup was founded by veteran ex-DARPA personnel (most with sports experience) and has dozens of engineers focused on advancing the state of the art. Their first product, SV Hoops, uses AI and CV to automatically create stats, analytics and video highlights for basketball games and is used by universities, leagues, schools, and national technology companies around the world.
About Sapphire Sport: Sapphire Sport is an early-stage investment platform at the intersection of technology, sports, media, entertainment and culture. Sapphire Sport pairs technology investment experience with a unique LP base of iconic brands across global sport, media and entertainment. With ~$300M in assets under management, Sapphire Sport backs Seed to Series B companies and founders looking to build and scale companies of consequence in these high growth areas. All companies in which Sapphire Sport has invested include Aglet, Breathwrk, Buzzer, GreenPark, Jackpot.com, Fevo, Flowhaven, Manticore, Market, Mixhalo, mycujoo (acquired by DAZN), Overtime, Phoenix Labs (acquired by Garena), PlayVS, POAP and Tonal.
BOSTON, Aug. 17, 2023 — Second Avenue Capital Partners (SACP), a Schottenstein affiliate, has closed on a new $12 Million revolving credit facility to ThirdLove, a female-founded, women’s lifestyle brand that offers elevated essentials including bras, underwear, activewear and more, all designed by women, for women. This strategic financing partnership between SACP and ThirdLove will empower the intimates brand to fuel its growth and further enhance its customer experience.
Since its founding in 2013, ThirdLove has redefined and helped shape a new approach in the intimates industry. It has garnered recognition for best-in-class product designs that cater to women of all shapes, offered in a wide range of sizes, including signature half-cup bra sizes. By leveraging inclusive marketing and extensive algorithm-based sizing technology that the Company developed, ThirdLove has earned a devoted following, becoming a go-to brand for millions of customers worldwide. ThirdLove is backed by consumer-brand focused firm L. Catterton and several prominent women angel investors including Katie Couric, and Susan and Anne Wojcicki.
Heidi Zak, Co-founder and CEO of ThirdLove, expressed her enthusiasm about the collaboration, stating, “This financing partnership with Second Avenue Capital Partners comes at an exciting juncture for ThirdLove. It enables us to accelerate our initiatives, from product innovation to enhancing our online shopping experience, while remaining true to our mission of helping our customers look and feel great, starting with their first layer. We are excited about our growth opportunities and are confident that this partnership will help us reach new milestones.”
Reaching beyond its digitally native roots, ThirdLove has embarked on an ambitious plan to establish a retail footprint, opening nine stores since early 2022. The $12 Million revolving credit facility from SACP will enable ThirdLove to expand its market reach and further invest in cutting-edge technology to deliver an exceptional online and offline shopping experience, solidifying its position as a leader in the intimate apparel industry.
“SACP is delighted to collaborate with ThirdLove and support their mission of helping women be their best selves,” said Mike Sullivan, Managing Director of Second Avenue Capital Partners. “Their commitment to inclusivity and customer satisfaction aligns perfectly with our values. As a financing partner, we are providing a top-notch management team with additional resources to propel their vision forward and take ThirdLove to even greater heights.”
About Second Avenue Capital Partners – Second Avenue Capital Partners, LLC (SACP), a Schottenstein Affiliate, specializes in asset-based loans for the broader retail and consumer products industry. Serving middle-market companies, SACP leverages the experience of retail operators, product merchants, and lenders to deliver customized capital solutions. A unique merchant perspective allows SACP to recognize and unlock value in assets other capital providers often overlook or do not understand. The firm’s tailored financial solutions are a vital resource for clients seeking capital to effectuate strategy and achieve financial objectives.
About ThirdLove – ThirdLove is a female-founded, women’s lifestyle brand that offers elevated essentials including bras, underwear, activewear and more, all designed by women, for women. Co-founders Heidi Zak and Ra’el Cohen set out to revolutionize the bra shopping experience and create a product that would help our customers look and feel great, comfortable and confident in everything they do. To date, over 20 million people have found their perfect fit with ThirdLove’s Fitting Room technology. ThirdLove bras have garnered over 100,000 5-star reviews and the brand’s best-seller, the 24/7® Classic T-Shirt Bra, features ThirdLove’s signature half-cups and memory foam lining. ThirdLove has donated more than $50 million worth of products to women in need, and supports early-stage companies run by female entrepreneurs of color through its TL Effect program. To learn more, visit www.thirdlove.com.
Investment to accelerate growth and bolster Company’s best-in-class construction technology offering
SUMMIT, N.J., Aug. 17, 2023 — Egis Capital Partners, a growth-focused private equity firm investing in the safety, security and protection industry, led and closed on a Series A equity investment in Sensera Systems, Inc., a market leader in reliable, easy-to-deploy solar/cellular cameras and real-time jobsite intelligence software. The capital raised will support Sensera’s commitment to enhancing project execution and outcomes for its more than 1800 construction contractor and owner clients. MUUS Asset Management participated in the round. Egis Capital Partners and MUUS bring a combination of security and construction technology experience to support Sensera’s ongoing success as a leading provider of construction technology solutions.
Founded in 2014, Sensera Systems provides flexible, reliable, and affordable site intelligence technology for construction contractors and developers. The Company’s software, cameras, mobile apps, analytics, and value-adding services are designed for projects and entities, both large and small, to enhance productivity, collaboration, security, marketing, and risk and safety management. Sensera has integrated its solution with leading project management system providers such as Procore, Autodesk, and others and continues its commitment to the construction industry through a broader range of technology, AI, and an expanded partner ecosystem. Beyond construction, Sensera provides solutions to hundreds of municipalities, utilities, and infrastructure clients across North America.
“We are excited to partner with Sensera Systems, a proven leader in video management solutions in demanding environments. We have been impressed by Sensera’s founder and management team over the long period of time we have gotten to know them. Sensera has built a best-in-class platform and has shown impressive dedication to understanding the needs of its customers,” said Robert Chefitz, Managing Partner at Egis Capital Partners. “We believe Sensera is a continuation of our successful investments like Alarm.com, Brivo, and ButterflyMX. This is our fourth investment in video management solutions and our second in the construction industry.”
The investment from Egis Capital Partners and MUUS will enable Sensera Systems to continue to provide the construction industry, property owners, municipalities, and critical infrastructure enhanced, intelligent remote monitoring solutions built on Sensera’s video-centric technology. The capital and expertise of Egis will serve to accelerate Sensera’s commitment to continued technological advancement and penetration in existing and adjacent markets.
“We are thrilled to announce this investment from Egis Capital Partners, which will allow us to accelerate innovation and increase the breadth of our product offering,” said Rob Garber, CEO, Sensera Systems. “Sensera was founded to open access to high-quality solar wireless site technology to all, and this new investment will enable us to better serve the global community at large.”
The investment transaction closed in August 2023.
About Egis Capital Partners Egis Capital Partners makes buyout and growth investments in technology-driven businesses in the Safety, Security, and Protection industry. Since 2008, Egis has made 17 platform investments in the space, leading to lasting positive relationships with investors, directors, and operators within the industry. Egis is focused on partnering with companies that can benefit from its industry knowledge, operational and financial expertise, C-level relationships, and proactive ownership model. Egis targets companies in North America with enterprise values ranging between $20 million and $200 million that require a total equity investment between $10 million and $80 million. For additional information, visit www.egiscapitalpartners.com.
About Sensera Systems Sensera Systems is the market leader in affordable, easy-to-deploy solar cameras and real-time jobsite intelligence. Our solutions are purpose-built for the rigors of temporary and permanent outdoor and remote sites. Deployed by over 1800 General Contractors across North America, Sensera Systems’ solutions help improve project productivity, safety, and security. Securely managed from a single cloud-based platform, its solutions provide the most reliable and cost-effective visual monitoring and surveillance in the industry, all in a hassle-free package that is easy to set up and use within minutes. For more information about Sensera Systems, please visit our website www.senserasystems.com
For Egis Capital Partners Media Queries: Christina Graziano 973.994.0606 [email protected]
For Sensera Systems Media Queries: Wendi Burke 800.657.0437 [email protected]
River Ranch Farms, Bar 20 Dairy, De Jong Family Farms, and Producers Dairy Products join Forever Feed Technologies to develop enterprise scale automated on-farm feed mills moving the dairy and beef feed industry forward in reducing water usage and methane emissions.
HANFORD, Calif., Aug. 17, 2023 — Forever Feed Technologies, based in Hanford, CA and American Fork, UT, today announces a multimillion-dollar investment from a renowned group of dairy and agriculture leaders to develop sustainable and enterprise scale automated indoor-growing feed mills. The climate-controlled technology will greatly reduce water, land usage, and methane emissions in helping the industry reach its goal of being “climate neutral” by 2050.
Participating in the funding are River Ranch Farms, Hanford, CA; Bar 20 Dairy, Kerman CA; Producers Dairy Products, Fresno, CA; De Jong Family Farms, Francesville, IN; and additional agriculture leaders. The funding will go towards building the largest and most reliably controlled environment mills, capable of feeding thousands of animals with fresh high-quality feed year-round, enabling producers to responsibly expand their operations to meet growing demands.
Forever Feed Technologies CEO Steve Lindsley said, “We’re pleased to have assembled some of the most respected dairy and agriculture leaders in the country to participate in our funding round. Forever Feed is committed to building world class water-saving technology that will allow our customers, anywhere in the world, to sustainably grow cattle feed 365-days a year.”
Jack de Jong, Chairman of Forever Feed Technologies, and owner of River Ranch Farms said, “Investing in a sustainable future for cattle feed compliments similar water and decarbonizing investments, like the many successful digester and manure management projects currently in operation around the country. We have great confidence in the impressive business and development strategy that Steve and his management team have built.”
Steve Shehadey, owner of the award-winning Bar 20 Dairy said, “Our company is committed to building a sustainable future for generations to come. The Forever Feed Mill solution will provide a predictive water-saving and decarbonizing platform that we believe will enhance the output and welfare for our animals while reducing the environmental impact here in the greater Fresno area and potentially all around the world”.
Forever Feed Technologies has partnered with international automation and engineering design firms to bring the Forever Feed Mill system to market. More details will be released in the near future.
Company names new CEO, taps additional funding for growth
BOULDER, Colo., Aug. 17, 2023 — Beamer, a recognized leader in no-code product engagement tools, announced a growth equity investment from Camber Partners, a B2B SaaS investment firm focused on product-led-growth (PLG) software companies. Valued at over $20M, the investment reflects both firms’ commitment to building a unified platform for Product teams across the globe. As part of the investment, Beamer announced Satya Ganni as its CEO.
Beamer Co-founders Spencer Coon and Mariano Rodriguez
Beamer, headquartered in Boulder, CO, has steadily emerged as a trusted platform for customers looking to build better products and improve user engagement. The company’s Changelog, NPS, and Roadmap products serve as intuitive tools that facilitate better communication and feedback between businesses and their end user base, ultimately helping to increase engagement and reduce churn.
Mariano Rodriguez Colombelli, Beamer’s CEO, shared his insights on the partnership: “Our core mission at Beamer has been to help companies across the globe build better products. With Camber’s investment and partnership, we see a strong opportunity to expand our offering and further enhance the value of our platform. We’re pleased to have Camber joining us through this next phase of growth.”
San Francisco-based Camber Partners brings an extensive track record of investing in and nurturing product-led growth (PLG) software companies. The firm’s decision to invest in Beamer is rooted in a strategic rationale: Product teams (Product Management and Product Marketing) are the new Sales & Marketing for PLG software companies, and these growing functions need a robust toolkit that enables data-driven decision making and measurable ROI. Camber perceives Beamer’s existing data layer, which facilitates advanced user segmentation, as an optimal starting point.
Scott Irwin, Founder and Managing Partner of Camber Partners, expanded on this: “We’ve observed a compelling shift in the software landscape. Product managers are increasingly leaning on tools to make data-driven decisions and our investment in Beamer is grounded in this observation. Their platform’s potential, particularly in user segmentation, aligns perfectly with our vision for a more integrated product management toolkit. We’re eager to partner closely with the team and Satya to embark on this opportunity together.”
In connection with the partnership, seasoned SaaS Chief, Satya Ganni, will join as CEO of Beamer. Ganni’s impressive lineage in leading PLG B2B SaaS firms to success, along with multiple exits, echoes Beamer’s aspirations for scaling new heights in the User Engagement domain.
“I’m genuinely excited to embark on this journey with Beamer, a platform that has consistently redefined the boundaries of product engagement. Joining as CEO offers a unique opportunity to not only continue the company’s legacy but also to explore new avenues of growth and innovation. Collaborating with Camber, with their deep insights and expertise, I am confident that together, we will drive Beamer to new heights and further solidify its place as a cornerstone tool in the Product Management landscape.”
This partnership emerges at a time when the role of product management is rapidly expanding. With businesses beyond the tech sector relying more on cloud-based applications, the need for tools like Beamer is more-evident than ever– a market expected to surpass $5.06B by 2030.
About Beamer
Founded by Mariano Rodriguez and Spencer Coon, Beamer is a no-code product engagement platform that includes changelog, notification center, NPS and roadmap. With customers like Freshworks, Hotjar, MongoDB, Unbounce, CloudKitchens, Linktree, and Zenefits, Beamer’s mission is to help companies all across the globe build better products.
Beamer is easy to install and requires no coding knowledge. Just plug in Beamer script and go. Great for all product managers and product marketing managers. To learn more, please visit https://www.getbeamer.com
About Camber Partners
Camber Partners is a San Francisco-based growth equity firm focused on product-led growth (PLG) software companies. Camber Partners provides software companies with flexible capital and dedicated go-to-market and data science resources to drive long-term sustainable growth. To do it, the Camber team brings to its portfolio companies deep operational expertise across sales, marketing, growth, and product development. For more information, please visit http://www.camber.io or follow us on LinkedIn.
First-of-its-kind Solution Addresses Sweeping Shifts in Dental Labor Market, Empowering Professionals and Practices Across the US; Appoints Industry Veteran as Chief Commercial Officer
PHOENIX, Aug. 16, 2023 — Toothio, the on-demand dental staffing platform connecting qualified professionals with practices, today announced a $4 million seed round led by Craft Ventures with participation from Burst Capital, Moving Capital, Revere Partners, and Rho Capital Partners. This investment follows an initial backing from AZ Crown, founders of Insight Enterprises (Nasdaq: NSIT). The capital infusion will be used to accelerate Toothio’s growth by enhancing its technology, expanding into key US markets, increasing its network of dental professionals, and adding to its sales team.
To advance its growth plans, Toothio has appointed Keith Clements as Chief Commercial Officer, a seasoned executive with a proven track record of scaling the country’s largest dental companies. Clements spearheaded sales at Young Innovations, successfully developing its Dental Service Organizations (DSO) business and playing a key role in the integration of multiple acquisitions. Before that, Clements served as VP of Sales at Dentsply Sirona (Nasdaq: XRAY), leading the company’s US consumable business, strategic account group, and dealer-based business during his decade-long tenure.
“Every dental practice in the US today intimately understands the challenges of staffing the office. Toothio solves this problem by connecting credentialed, friendly dental hygienists, assistants, and receptionists with offices that rely on these important workers,” said Jeff Fluhr, co-founder and partner at Craft Ventures. “The result is a win-win solution not only for the workers who gain tremendous flexibility in working when and where they want, but also for the dental practices that are appropriately staffed to meet their patients’ needs.”
“We are committed to addressing the challenges facing the dental industry, and this investment accelerates our progress,” said Ian Prendergast, co-founder and CEO of Toothio. “Dental professionals now prioritize flexible work, the post-pandemic labor market is experiencing unprecedented shortages, and there is a growing demand for dental services. However, existing solutions have failed to keep up. Our focus is on revitalizing the dental ecosystem through innovation, and we are excited about the next phase of growth as we bring a modern, convenient, and seamless staffing solution to a wider audience.”
Since its founding, Toothio has facilitated thousands of completed shifts with a 97% fill rate, more than doubled revenue, and expanded to Phoenix, Denver, Dallas, and Austin. By the end of 2023, the company plans to serve additional US markets, increasing access to thousands of practices, professionals, and DSOs.
Toothio is actively hiring for sales and partnership roles. For more information about joining Toothio and its team of marketplace leaders hailing from Amazon, Uber, and Qwik, contact [email protected].
About Toothio: Founded in 2021, Toothio’s mission is to alleviate the staffing challenges faced by dentists by providing on-demand access to hygienists and assistants. Toothio’s staffing platform enables dental practices to quickly increase office production and better support their patients. Toothio offers dental professionals freedom and flexibility, making it the class-leading labor option for those in the dental industry. For more information about Toothio, visit toothio.com.
Funding will support the commercialization of LiGas®, South 8’s liquefied gas electrolyte technology that’s a safer, higher performance alternative to standard liquid electrolytes
SAN DIEGO, Aug. 16, 2023 — South 8 Technologies, Inc., the San Diego cleantech company innovating safer and higher performance electrolytes for the next generation of lithium-ion batteries, has closed a strategic investment with Lockheed Martin Ventures, the venture arm of Lockheed Martin (NYSE:LMT), a global leader in defense and aerospace technology, with participation from current South 8 investors LG Technology Ventures, Foothill Ventures and Anzu Partners.
South 8 Technologies, Inc. has developed a novel liquefied gas electrolyte product, LiGas®, to power the next generation of lithium-ion batteries and advance the world’s clean energy future.
South 8 is the first company to develop a novel liquefied gas electrolyte technology as a safer, higher performance alternative to standard liquid electrolytes. Known as LiGas®, the liquefied gas electrolyte is simple to incorporate into existing cell production processes, utilizes materials which are all currently manufactured globally at scale and offers simple recyclability at the end of life. LiGas improves safety, increases energy density, achieves all-weather performance, enables fast-charge capability and reduces costs while also being compatible with existing lithium-ion cell production or Gigafactory manufacturing processes and supply chains.
“The exceptional performance capabilities of the LiGas electrolytes are an enabling technology for increasingly aggressive customer requirements, particularly those set forth by the aerospace and defense industries,” said Cyrus Rustomji, CEO for South 8 Technologies. “We are excited to receive Lockheed Martin’s support as we continue to improve battery technology, reach new markets and lead the transition towards a greener future.”
“Forward-thinking, solutions-focused companies like South 8 Technologies are motivated to bring the right solutions to our customers,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “We hope to leverage South 8’s LiGas technology to provide energy solutions that increase safety and energy density while achieving all-weather performance, enabling better field performance.”
Because LiGas maintains excellent operation at both low and high temperatures ranging from -60 to +60 degrees Celsius, the use cases are wide ranging from consumer, commercial and industrial electric vehicles to military defense systems. Examples include everything from connected battlefields, unmanned aerial vehicles and subzero power to all-weather energy applications for grid storage and power backup to marine sea monitoring, electric boats and submarines.
Want to be part of the solution toward a clean-energy future? The South 8 team continues to grow with eight positions currently open. To learn more, please visit www.south8technologies.com/#careers.
About South 8 Technologies South 8 Technologies, Inc. has developed a novel liquefied gas electrolyte product, LiGas®, to power the next generation of lithium-ion batteries and advance the world’s clean energy future. The venture-backed cleantech company’s Series A round of $12 million was led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures and Taiyo Nippon Sanso. For more information about South 8 Technologies, please visit www.south8technologies.com or follow the company on LinkedIn.
