NASHVILLE, Tenn., Sept. 11, 2026 — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as advisor to CID Capital on its investment in Kaiser Garage Doors & Gates, LLC (Kaiser).

Headquartered in Tucson, Arizona, Kaiser is a leading installer and servicer of residential and commercial overhead doors and gates serving the Phoenix, Tucson, and White Mountains markets. With over 30 years of proven operations, the company has established a strong regional footprint, a reputation for quality and reliability, and long-standing customer relationships.

Based in Indianapolis, Indiana, CID Capital is a private equity firm with decades of experience partnering with high-quality, lower middle market companies. CID makes control investments in companies with a proven track record of success and works alongside management teams to provide strategic guidance, resources, and capital for the next phase of growth, combining a focus on founder- and family-owned companies with a collaborative approach to building long-term value.

Kaiser is the third platform investment made from CID’s latest fund, CID Capital Opportunity Fund IV, L.P. In conjunction with the closing, industry veteran Eric Farley stepped in as CEO to lead the business under CID’s ownership, partnering with Dean Bennett, COO, and the existing Kaiser team.

XLCS acted as buyside advisor to CID Capital in connection with its investment in Kaiser, which was completed on August 14, 2026. The engagement was supported by Jay Cremer, Vice President, and David Silva, Senior Associate.

About XLCS Partners, Inc.
XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span
[email protected]
615-379-7783

SOURCE XLCS Partners, Inc.

Five Elms Capital leads investment to accelerate UrgentIQ’s AI platform and expansion across the rapidly growing urgent care market

• UrgentIQ has received a Series A growth investment from Five Elms Capital, accelerating the company’s mission to build the definitive AI-native operating system for urgent care centers.
   
• The investment will accelerate UrgentIQ’s expansion beyond the EMR into a unified clinical and financial platform, including AI-powered documentation and coding, automated revenue cycle management, insurance verification, and checkout.
   
• Five Elms Capital brings deep experience scaling vertical AI-native software businesses and will support UrgentIQ as it continues to grow and innovate across the urgent care industry.

NEW YORK, Sept. 11, 2026 — UrgentIQ, the AI-native electronic medical record (EMR) purpose-built for urgent care centers, announced today a $15M Series A growth investment from Five Elms Capital. The partnership will accelerate UrgentIQ’s product roadmap to expand AI-powered clinical workflows while scaling the team to better serve a rapidly growing network of urgent care operators across the country.

Founded by Nat Gibbs, UrgentIQ has quickly established itself as an AI-native platform built specifically to support urgent care centers, earning a 9.7/10 average customer satisfaction rating. Unlike legacy EMRs adapted from hospital and primary care environments, UrgentIQ was built from the ground up around the unique economics and workflow of urgent care – where speed, throughput, documentation, coding, and collections are tightly interconnected. Customers leveraging UrgentIQ platform cited significant improvement in throughput times of patients in their facilities, through agentic AI-powered automation and a seamless experience for the end user.

“Urgent care is one of the most operationally demanding environments in healthcare: patients arrive sporadically and providers have minutes, not hours, to make decisions; plus every visit has to move seamlessly from care to payment.” said Nat Gibbs, Founder and CEO of UrgentIQ. “And yet, the industry’s core software was largely built for healthcare environments that operate nothing like this. We believe urgent care deserves its own operating system – one designed around speed, intelligence, and automation from the ground up. That is what we’re building with UrgentIQ.”

With Five Elms’ backing, UrgentIQ will accelerate development of its core platform, including a native billing module to bring revenue cycle management fully in-house, advanced AI-powered diagnosis and coding capabilities, live insurance verification, and an AI checkout agent. These capabilities are designed to help clinics see more patients, capture more revenue, and reduce administrative burden across every stage of the patient visit. As the urgent care market consolidates around private equity-backed platforms and multi-site groups, UrgentIQ is positioned to serve both independent operators and larger organizations seeking a modern, scalable platform that works across their entire network.

Joe Onofrio, Partner at Five Elms Capital, commented on the investment: “UrgentIQ has built a platform with exceptional operator adoption and product satisfaction, and the metrics reflect it. We are proud to partner with Nat and the team as they bring a modern, purpose-built solution to a market that has been long overdue for one”.

About UrgentIQ

UrgentIQ is the AI-native operating system for urgent care. Built from the ground up around the speed, throughput, and economics of walk-in care, UrgentIQ brings scheduling, patient intake, clinical documentation, AI-powered coding, revenue cycle management, and payments together on a single intelligent platform. By embedding AI directly into the workflows that run an urgent care center, UrgentIQ helps operators automate administrative work, move patients through care faster, and capture more of the revenue they earn. UrgentIQ is trusted by independent operators and multi-site urgent care groups across the country. For more information, please visit urgentiq.com.

About Five Elms Capital

Five Elms Capital is a growth investor in B2B software companies delivering innovative, AI-powered solutions to vertical end markets. We provide capital and resources to help companies accelerate growth and further cement their role as industry leaders.

With over $3 billion in assets under management and a team of over 80 professionals, Five Elms has invested in more than 70 software platforms worldwide. Beyond providing capital, Five Elms delivers strategic and operational expertise, focused on executing initiatives that move the needle on AI, growth, retention, and product to set companies up for long-term success. For more information, visit fiveelms.com.

SOURCE Five Elms Capital

TORONTO, Sept. 11, 2026 — iGan Partners, a Toronto-based venture capital firm investing in medical device, diagnostic, imaging, and digital health companies, today shared recent milestones from across its portfolio.

Flosonics Medical announced a development contract, valued at up to $70 million, with the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services. The contract includes initial funding of approximately $15 million and supports FloPredict, an AI-enabled software enhancement to the company’s FDA-cleared FloPatch device, extending the company’s real-time ultrasound technology into trauma care and mass casualty response.

Exact Imaging delivered 166% year-over-year revenue growth in its first 12 months following a strategic transition from a single international distribution model to a direct sales and expanded distribution network approach. The company also strengthened its North American direct sales team, and the body of peer-reviewed literature supporting ExactVu now exceeds 140 published papers.

MolecuLight and The Royal Orthopaedic Hospital NHS Foundation Trust announced the publication of the first clinical study evaluating fluorescence imaging during orthopaedic surgery. The prospective 10-patient pilot extends MolecuLight’s clinical evidence base beyond chronic wound care into perioperative surgical applications.

Cosm Medical entered a licensing and collaboration agreement with Duke Health and Mayo Clinic to develop and commercialize Gynethotics Recovery, a new class of personalized devices for recovery after pelvic reconstructive surgery, built on Cosm’s digital gynecology platform combining medical imaging and 3D printing.

Marble launched a dedicated medical records service for claimants under the Pan-Canadian Claimants’ Compensation Plan, the $2.521 billion fund for eligible claimants outside Quebec under Canada’s tobacco settlement, working with plan agent Epiq to gather the medical evidence eligibility turns on.

Segmed provided the data behind a new paper with Stanford University and the University of Washington School of Medicine, published in The International Journal of Cardiovascular Imaging, which tested 54 large language model configurations on cardiac imaging reports and found that open-weight models can approach the agreement of expert radiologists.

SOURCE iGan Partners

NEW YORK and TEL AVIV, Israel, Sept. 11, 2026 — Enterprises are unable to bridge the gap between the rising number of vulnerabilities and their ability to fix them. Annual pentests are out of date the day the report lands. Scanners generate thousands of unranked findings. Security teams spend their time triaging noise while attackers, increasingly armed with AI, exploit the gaps in hours. The result is a remediation backlog that grows faster than any human team can close it.

FAZE is the Offensive Security Orchestration platform built to close that gap. At its core an Agentic Red Team (ART): autonomous agents trained on proprietary attack data from thousands of white-hat hackers, running continuously against the customer’s web applications, APIs, and cloud environments, within strict guardrails. The agents discover novel exposures, exploit them the way a real attacker would, and rank them by proven business impact, not theoretical severity. Every finding ships with working proof, an assigned owner, and a remediation path, and FAZE automatically re-tests until the exploit fails. Customers report close to zero false positives and over 50% faster Mean Time To Remediate (MTTR) versus scanners and point-in-time pentests.

“FAZE’s exponential growth is no surprise,” said Ziv Conen, Partner at New Era Capital Partners. “It is the direct result of real technological advantage: proprietary data from thousands of white-hat hackers, paired with advanced agentic capabilities across the full offensive cycle, from discovery through re-test. Sustained growth at this pace while serving Fortune 500 security teams is a testament to the strength of the management team. We are proud to back FAZE as it redefines offensive security.”

FAZE Security was formerly known as CYTRIX.

www.faze.security

Media Contact:
Assaf Guery
Vice President, Marketing

FAZE Security
[email protected]

SOURCE FAZE Security

Enigmata Cipher runs AI directly on encrypted data at production speed, turning the world’s locked-away data into fuel for AI

NASHVILLE, Tenn., Sept. 10, 2026 — Enigmata, Inc. emerged from stealth today with $6.5 million in seed funding led by Blockchange Ventures to commercialize Enigmata Cipher™, a patent-pending cryptographic technology that lets artificial intelligence train, search, and analyze data while it remains encrypted.

Cipher is designed for AI workflows where sensitive data would otherwise be exposed, including model training on proprietary datasets, enterprise use of third-party AI systems, semantic search, analytics, and agentic applications.

The world’s most valuable data is often the hardest to use. Clinical records that could improve cancer detection, transaction histories that could help stop fraud, and archives that could train more capable models are locked inside institutions that cannot risk exposing them. Cipher gives organizations a way to put that data to work in AI while keeping it protected.

Cryptographers have pursued computation on encrypted data for decades. Existing approaches have historically forced trade-offs among flexibility, performance, and security. Enigmata Cipher takes a different approach designed around the speed, cost, and flexibility modern AI workloads require.

Cipher transforms records, documents, and datasets into an encrypted form that AI, analytics, and search tools can use on existing enterprise hardware. Because the technology simultaneously structures and encrypts data, it can also improve performance. In Enigmata’s internal benchmarks, models trained on Cipher-protected data matched the accuracy of models trained on raw data while completing training 8% to 10% faster. Cipher also supports targeted removal of individual records without retraining a model from scratch, which can help organizations respond to data-deletion requests.

“Every era of computing has forced a choice between using data and protecting it. Enigmata Cipher ends that trade-off,” said Scott Searle, co-founder and CEO of Enigmata. “The world’s most valuable data no longer has to stay locked away to stay protected. When hospitals, banks, and publishers can safely use their most sensitive assets in AI, we stop asking what AI is allowed to know and start asking what it can safely discover, prevent, and create.”

Enigmata’s long-term vision is to extend Cipher into infrastructure for secure data licensing. Institutions could make encrypted datasets available for AI training under enforceable usage terms while retaining control of the underlying assets. As copyright disputes reshape how AI companies access training data, Cipher could give data owners a way to participate directly in the value their data creates.

“Privacy is the next great frontier for AI,” said Matt Immerso, general partner at Blockchange Ventures. “Every advance in hardware and models only matters if customers are comfortable putting their most sensitive data into AI. Enigmata built encryption for exactly that, from the ground up. We believe Enigmata Cipher will become a core pillar of the AI data economy, defining how sensitive data is used, licensed, and monetized in the AI era.”

Enigmata Cipher is now available to selected enterprise design partners. Organizations can request access at enigmata.xyz.

ABOUT ENIGMATA

Enigmata, Inc. is trust infrastructure for the AI data economy. The company’s patent-pending core technology, Enigmata Cipher, lets organizations use sensitive data with AI without exposing plaintext to models or processing infrastructure, enabling AI and analytics to operate directly on encrypted data at production speed. Founded in 2024, Enigmata is built for banks, insurers, health systems, life sciences organizations, publishers, data providers, and model owners with valuable data they cannot safely expose but need to use in AI workflows. Learn more at enigmata.xyz.

ABOUT BLOCKCHANGE VENTURES

Blockchange Ventures is a venture capital firm founded in 2017 to capitalize on the investment opportunity created by blockchain technology. The firm manages approximately $900 million in assets and has returned nearly $1 billion to investors. Blockchange partners with visionary, entrepreneurial founders building large, enduring companies at the intersection of blockchain’s technological promise and commercial reality.

SOURCE Enigmata

SIF XII builds on Pinegrove’s 26-year track record of top-quartile performance, providing institutional investors with concentrated exposure to leading venture managers and the world’s most innovative private technology companies

SAN FRANCISCO, Sept. 10, 2026 — Pinegrove Venture Partners (“Pinegrove”) today announced the final closing of Strategic Investors Fund XII (“SIF XII”), raising $1.5 billion across its Early and Scale strategies. SIF XII was significantly oversubscribed, with investor demand far exceeding the strategy’s fundraising target.

For over 26 years, the SIF program has provided institutional investors with concentrated exposure to a select group of leading and emerging venture managers and, through those managers, the innovative companies they back. SIF XII continues that approach through two complementary strategies: SIF XII-Early, which invests with early-stage managers, and SIF XII-Scale, which invests with expansion-stage managers and selective co-investments alongside leading GPs. Together, the strategies enable investors to build exposure across the venture lifecycle.

“Venture capital rewards patience, conviction and trusted relationships,” said Aaron Gershenberg, Managing Partner of Pinegrove Venture Partners. “Pinegrove has worked to provide institutional investors with differentiated access to the managers, companies and opportunities shaping the innovation economy. SIF XII reflects the continued confidence of our partners in that approach and in our ability to create value through every phase of the venture cycle.”

Pinegrove’s differentiated approach extends beyond manager selection. The firm’s long-standing partnerships create a durable information advantage and position Pinegrove to identify opportunities that are often unavailable through conventional venture fund primary structures. This includes bespoke co-investments, tailored portfolio solutions and strategic capital opportunities developed in collaboration with venture managers, founders and limited partners.

“Pinegrove has established a leading venture platform through decades of trusted relationships across the innovation ecosystem,” said Anuj Ranjan, CEO of Brookfield Private Equity. “Over the past several years, Aaron Gershenberg, Sulu Mamdani, Thorben Hett, and the broader team have continued to enhance that platform, building an exceptional portfolio with SIF XII, while deepening the firm’s position as a trusted partner to leading venture managers and institutional investors. Their continued focus on partnership and disciplined execution has further strengthened Pinegrove’s position within the venture ecosystem, and we believe the firm is exceptionally well positioned for the years ahead.”

Pinegrove’s objective is not merely to provide venture exposure; it is to serve as a strategic partner to institutional investors navigating a complex and increasingly specialized private-markets landscape. The firm works with its limited partners to build portfolios that reflect their individual objectives, pacing needs and risk parameters.

“We could not be more excited to anchor Pinegrove SIF XII,” said John Bradley, Head of Private Equity for the Florida State Board of Administration. “Pinegrove is one of our most important and successful partnerships, helping us access the innovation economy.”

SIF XII is investing across a three-year vintage during a period of accelerating innovation across artificial intelligence, infrastructure, enterprise software, healthcare, life sciences and defense. Through its underlying venture managers and co-investment program, the fund has already provided exposure to leading private technology companies while continuing to invest in the next generation of category-defining businesses as they emerge. With SIF XII now closed, Pinegrove will continue deploying capital across its Early and Scale strategies while partnering with leading venture managers and institutional investors worldwide.

About Pinegrove
Pinegrove operates an integrated investment platform with over $15 billion in assets under management across venture fund primaries and co-investments (Pinegrove Strategic Partners), venture debt and private credit (Pinegrove Credit Partners), and venture and growth secondaries (Pinegrove Opportunity Partners). Backed by HRTG Partners and Brookfield Asset Management, Pinegrove combines complementary investment capabilities to serve founders, companies, venture managers and institutional investors with creative and tailored capital solutions

SOURCE Pinegrove Venture Partners

LOS ANGELES, Sept. 10, 2026 — Liberty Hill Foundation today announced the 17 members of its 2026 Fund for Change cohort, a countywide group of grassroots organizations confronting injustice, strengthening their communities, and expanding what is possible across Los Angeles County.
 
For 50 years, Liberty Hill has invested in the people and organizations building grassroots power across Los Angeles, often providing early and flexible funding at times when community organizations have had the least access to traditional philanthropy. Many members of the 2026 cohort are emerging or smaller organizations that bring trusted relationships, cultural insight, lived experience, and community-shaped solutions to the issues Angelenos are facing.

At the heart of the Fund for Change is the Community Funding Board (CFB), an innovative participatory grantmaking model grounded in the belief that those closest to community issues and solutions should help shape funding decisions. Bringing together movement leaders, donors, and philanthropic partners, the CFB is a core part of the Foundation’s participatory philanthropy model. It creates a space where community expertise, philanthropic investment, and shared learning come together to strengthen movement building across Los Angeles. The 2026 Fund for Change cohort was selected through the Community Funding Board.

Several organizations in this year’s cohort are working to advance issues at the core of Liberty Hill’s Agenda for a Just Future, which includes ending youth incarceration as we know it and investing in a comprehensive youth development system, addressing the housing crisis and expanding tenants’ rights, and eliminating toxic neighborhood oil drilling.

“What sets Fund for Change apart is not only the funding itself, but the collective wisdom behind it,’ said Shane Murphy Goldsmith, President and CEO of Liberty Hill Foundation. “For 50 years, Liberty Hill has invested early in organizations that have gone on to become essential pillars of Los Angeles’ movement ecosystem. These organizations carry that commitment forward and remind us that the future we’re working toward is already taking root.”

The work of the new cohort reflects Liberty Hill’s six interconnected priority areas—Youth & Transformative Justice; LGBTQ & Gender Justice; Environmental & Climate Justice; Economic & Housing Justice; Electoral Power Building; and Healing Justice—with racial justice embedded across all of them.

“These organizations are not waiting for permission to build the future Los Angeles deserves. They are already doing the work — in neighborhoods, with families, with young people, with tenants, with workers, and with communities that know better than anyone both the harm they are up against and the solutions they are building,” said Manal J. Aboelata, Chief Program Officer of Liberty Hill Foundation. “Through Fund for Change and its Community Funding Board, Liberty Hill honors that wisdom, centers people closest to the work in accountable decision-making, and moves resources toward the grassroots leadership our region so deeply needs.”

Reflecting on the experience, Community Funding Board member and Liberty Hill donor advised fund holder Allison Thomas shared, “It’s easy to be optimistic when you’ve gone through this process. People are doing incredible work across the county, and they’re people that are often directly impacted by the issues or deeply connected to the communities they serve. They’re selfless, they’re passionate, and committed—it’s very inspiring.”
 
From the Antelope Valley to Long Beach and from unincorporated South Los Angeles to the San Fernando Valley, the 2026 Fund for Change cohort reflects the breadth and local leadership of Los Angeles’ movement for justice. Thanks to the generous support of funding partners and donors, Liberty Hill is investing $1.9 million in three-year general operating grants to support the 2026 Fund for Change cohort.

As Liberty Hill celebrates 50 Years of Solidarity & Progress by continuing to invest in community-rooted leadership, the Foundation and its partners are looking toward the future of Los Angeles in the next 50 years and beginning to plant the seeds of a more just future today.
 
Meet the 2026 Fund for Change cohort at libhill.co/ffc.

About Liberty Hill Foundation

Liberty Hill Foundation is a laboratory for social change philanthropy. We leverage the power of community organizers, donor activists, and allies to advance social justice through strategic investment in grants, leadership training, and campaigns. We envision a society in which all people have a powerful voice, including those currently shut out of our democracy, people cut off from opportunities because of their skin color, gender or sexual orientation, where they live, or where they were born. We will not rest until society provides justice and equality for all. 

SOURCE Liberty Hill Foundation

The investment will support Tom Beckbe’s vision for growth and conservation

BIRMINGHAM, Ala., Sept. 10, 2026 — Tom Beckbe, the Birmingham-based maker of classic American outdoor apparel and gear, today announced it has received a minority investment from Cox Outdoors.

“We built Tom Beckbe with a focus on great products, great customer service, and support for conservation. Our new partnership with Cox will allow us to double down on those core values,” said Radcliff Menge, co-founder of Tom Beckbe. “Cox has been doing business the same way for generations, putting people first and thinking in decades instead of quarters. And that’s exactly the partner we wanted.”

Founded in 2015 by Radcliff and Mary Menge, Tom Beckbe began with the simple idea for a better hunting jacket. The brand has since grown to offer a full line of apparel and gear for the field and every day, available online and through a growing network of owned and partner stores. Tom Beckbe’s newest retail location, in Atlanta’s Buckhead neighborhood, will open this September.

“We’re very excited to be in business with Tom Beckbe. Radcliff and Mary have built a great business on family values and a conservation ethic that resonates with Cox’s values,” said Alex Taylor, chairman and CEO of Cox Enterprises. “I love their stuff and look forward to building something great together.”

Cox Outdoors is Cox Enterprises’ newest division, focused on partnering with leading outdoor consumer brands to drive conservation and generational growth. Cox’s partnership with Tom Beckbe will support the Menges’ growth vision for the business, from new retail stores to continued product development and ongoing work with conservation organizations such as Ducks Unlimited and Bonefish Tarpon Trust.

Tom Beckbe will remain independently run by its founders, with the same team, the same values, and the same commitment to craft that have defined the brand since 2015.

SOURCE Tom Beckbe

Kelly was designed by 25-year veterans of Two Sigma, BlackRock, Axioma and Barra, and computes every answer on the analytics engine trusted by managers overseeing more than $7 trillion in assets.

NEW YORK, Sept. 10, 2026 — Omega Point, the portfolio intelligence platform – trusted by investment managers globally for over a decade, today announced the launch of Kelly, its AI agent for investment intelligence. Kelly is designed & built by market veterans, who have spent their careers getting it right. Working with Kelly feels like having a seasoned expert at your side, sharpening your thinking with every question. Ask it to dig in like an analyst, think through construction like a PM, challenge your assumptions like a risk manager, or evaluate a manager the way an allocator would. Conversations with Kelly result in bespoke answers and dashboards that reflect the manager’s approach and strategy.

To be a top-tier firm today, you have to perfect all aspects of the investment process simultaneously: deciding which names deserve the work, sizing positions, understanding the scenarios that aren’t priced in, hedging deliberately, and making all of it repeat across the firm. That’s always been difficult, because it takes deep expertise across every one of those specialties, and market veterans are the scarcest resource in the industry. When an answer costs a day of a veteran’s attention, the question often doesn’t get asked.

“We built Kelly so there is no more waiting for an expert,” said Omer Cedar, CEO of Omega Point. “A firm’s IP is its greatest asset, and Kelly puts a market veteran at every desk to sharpen it. The more your team works with it, the more it reflects how your team actually thinks.”

The launch reflects a strategic choice. Most firms whose clients pay for their expertise guard it closely. Omega Point is doing the opposite: packaging what its market veterans know into an agent every customer can work with, backed by prebuilt workflows that span the investment process. Kelly turns that expertise into an edge every person can sharpen for themselves, one question at a time. 

Kelly is an evolution of the platform Omega Point has built over thirteen years, not a separate product. Every number Kelly returns is computed on Omega Point’s Investment Intelligence Engine, the same deterministic calculation engine that has been trusted by the world’s largest investors for over a decade; every figure is traced to source; and governance is by design, with Kelly operating strictly within each user’s existing access privileges. Kelly is available to every firm and is enabled only with the firm’s explicit permission.

“Firms that beta-tested Kelly over the summer were asking questions they never had time to ask before, and building their own analytics around the answers,” Cedar said. “That is the outcome we designed for. Every person in the firm now works with that experience at their side, constantly sharpening their edge.”

Firms interested in Kelly can visit omegapoint.ai. Read the full announcement here.

Omega Point

Omega Point is the investment intelligence platform built by investors, for investors. Founded in 2013, it distills the experience of market veterans into analytics that run inside the front-office workflows of hedge funds, asset managers, pensions and sovereign investors overseeing more than $7 trillion in assets. Kelly, its AI agent, turns questions into bespoke analysis that sharpens each firm’s edge, computed on its platform, traced to source and governed by design. Omega Point is headquartered in New York and San Francisco. Visit omegapoint.ai.

Media Contact
Joel Coverdale
+44(0)7383 819862
[email protected]

SOURCE Omega Point