Die Übernahme von Forge Global im Wert von 660 Millionen USD und die geplante Notierung von Animoca Brands an der Nasdaq stellen entscheidende Momente für die True Global Ventures Funds 4 und 5 dar.

SINGAPUR, 12. November 2025 — True Global Ventures (TGV), die globale Risikokapitalgesellschaft, die in Unternehmen im Bereich KI und Blockchain-Technologie investiert, feiert eine bedeutende Woche in den USA.

Zwei der wichtigsten Investitionen von TGV – Forge Global Holdings (NYSE: FRGE) und Animoca Brands Corporation Limited – haben jeweils transformative Meilensteine erreicht, die das langfristige Engagement des Fonds für die Unterstützung visionärer Unternehmer unterstreichen, die die Zukunft des Finanzwesens und der digitalen Vermögenswerte gestalten.

FORGE GLOBAL WIRD VON CHARLES SCHWAB FÜR 660 MILLIONEN USD ERWORBEN

Die Charles Schwab Corporation hat zugestimmt, Forge Global für rund 660 Millionen USD zu erwerben, was einer Bewertung des Unternehmens von etwa 45 USD pro Aktie entspricht.

Forge Global hat eine digitale Infrastruktur entwickelt, die Liquidität im Bereich Private Equity und Risikokapital ermöglicht und Investoren, Aktionäre und Privatunternehmen in einem der weltweit größten und am schnellsten wachsenden Sekundärmarkt-Ökosysteme miteinander verbindet.

„Momente wie diese erinnern uns daran, warum wir langfristig investieren“, sagte Dušan Stojanović, Gründer von True Global Ventures, einem Visionär, der außergewöhnliche Unternehmer unterstützt. „Forge Global hat neu definiert, wie Liquidität in privaten Märkten geschaffen und verwaltet wird. Die Übernahme durch Charles Schwab spiegelt die zunehmende Konvergenz zwischen traditioneller Finanzwirtschaft und privater Marktwirtschaft wider – einem Bereich, in den TGV seit seiner Gründung investiert hat. Wir sind davon überzeugt, dass Forge Global weiterhin Innovationen in Bereichen wie der Tokenisierung von Aktien privater Unternehmen und Fonds vorantreiben wird!“

Kelly Rodrigues, CEO von Forge Global, fügte hinzu: „Diese Partnerschaft mit Charles Schwab stellt einen Wendepunkt für private Märkte dar. Forge wurde gegründet, um den Zugang zu Investitionen in private Unternehmen zu demokratisieren, und die Zusammenarbeit mit einem der weltweit renommiertesten Finanzinstitute wird diese Mission erheblich beschleunigen. Wir sind sehr stolz darauf, langjährige Partner wie TGV zu haben, die von Anfang an an diese Vision geglaubt haben.”

ANIMOCA BRANDS STREBT NASDAQ-NOTIERUNG ÜBER CURRENC GROUP INC. AN

Animoca Brands hat eine Fusion mit Currenc Group Inc. (Nasdaq: CURR) vorgeschlagen, durch die die Aktionäre von Animoca etwa 95 % des fusionierten Unternehmens besitzen würden. Die Fusion soll voraussichtlich im zweiten Halbjahr 2026 abgeschlossen sein und zu einem an der Nasdaq notierten Unternehmen führen.

Animoca Brands entwickelt die grundlegende Ebene für digitale Eigentumsrechte. Die Partnerschaft mit Currenc schafft bedeutende potenzielle Synergien in den Bereichen grenzüberschreitende Zahlungen, Stablecoins und tokenisierte digitale Vermögenswerte – und verbindet damit Web3-Innovation mit einer Finanzinfrastruktur der nächsten Generation.

Yat Siu, Mitbegründer und Executive Chairman von Animoca Brands, kommentierte: „Die Notierung an der Nasdaq über Currenc stellt einen bedeutenden Schritt in Richtung der allgemeinen Akzeptanz digitaler Vermögenswerte und Tokenisierung dar. Dadurch können wir die Vorteile digitaler Eigentumsrechte – von Gaming und Bildung bis hin zu Finanzen und darüber hinaus – einem noch breiteren Publikum zugänglich machen.”

Er fuhr fort: „Unsere Zusammenarbeit mit Currenc spiegelt unsere gemeinsamen Werte wider – beide Unternehmen gestalten die Art und Weise, wie Werte global transferiert werden, neu. Gemeinsam wollen wir den Übergang zu einer offenen, interoperablen digitalen Wirtschaft beschleunigen. True Global Ventures hat von Anfang an fest an diese Vision geglaubt.”

Dušan Stojanović, kommentierte: „Yat Siu ist einer der visionärsten Unternehmer unserer Zeit. Seine Führung bei Animoca Brands prägt weiterhin die Zukunft der digitalen Eigentumsrechte. Unsere Partnerschaft besteht seit über einem Jahrzehnt, und zu beobachten, wie Animoca sich auf die Notierung an der Nasdaq vorbereitet, ist nicht nur ein Beweis für seine Vision, sondern auch für die Kraft der Beharrlichkeit, Innovation und globalen Zusammenarbeit. Wir sind stolz darauf, von Anfang an an diese Mission geglaubt zu haben.”

EINE ENTSCHEIDENDE WOCHE FÜR TRUE GLOBAL VENTURES

Diese beiden Meilensteine – einer im Bereich der Liquidität privater Märkte, der andere im Bereich der Infrastruktur für digitale Vermögenswerte – verkörpern die Anlagephilosophie von TGV: Unterstützung visionärer Gründer, Beschleunigung der Expansion in den USA und weltweit, Verbindung traditioneller Finanzdienstleistungen mit Innovationen im Bereich KI und Blockchain.

Einige Monate nachdem True Global Ventures von der Monetary Authority of Singapore (MAS) als License Fund Management Company (LFMC) mit einer Capital Markets Services (CMS)-Lizenz zugelassen wurde, feiert das Unternehmen nun zwei bedeutende Erfolge in den USA und positioniert sich damit unter den weltweit leistungsstärksten Risikokapitalfonds.

INFORMATIONEN ZU TRUE GLOBAL VENTURES
True Global Ventures (TGV) ist eine globale Risikokapitalgesellschaft, die in Unternehmen investiert, die sich mit KI- und Blockchain-Technologie befassen und sich in der Wachstums- oder Spätphase befinden. Das Portfolio von TGV umfasst Animoca Brands, Forge Global, Ledger, The Sandbox, Prezent, Coding Giants, Obligo, COVU, Validation Cloud, SATO, Chromaway, Jus Mundi, BookitnGo, GCEX, Coinhouse und viele weitere Unternehmen. Nahezu alle Portfoliounternehmen sind in den USA ansässig oder expandieren in die USA. Mit Niederlassungen in San Francisco, New York, Paris, London, Stockholm, Dubai, Singapur und Hongkong unterstützt TGV visionäre Gründer beim Aufbau der nächsten Generation transformativer Technologieunternehmen.

Weitere Informationen: https://www.tgv4plus.com/

Kontaktieren Sie True Global Ventures: [email protected]

Foto – https://mma.prnewswire.com/media/2819352/Image.jpg

• Expands retail partnerships into outdoor and sporting goods, advancing its mission to deliver savings and sustainability across more retail sectors
• Series B—completed less than a year after Series A—underscores accelerating retailer adoption and consumer demand for REBEL’s returns recommerce solution and marketplace

KANNAPOLIS, N.C., Nov. 12, 2025 — REBEL, the largest B-Corp certified returns recommerce marketplace for open-box and overstock goods across North America, announces it has closed a $25 million oversubscribed Series B funding round led by MarcyPen Capital Partners (“MarcyPen”). The round comes under a year after REBEL closed its Series A, which was led by Maveron Ventures with participation from MarcyPen. The round signals significant investor confidence in the returns economy and cements REBEL as a market leader building one of the first industry-wide technology solutions transforming how retailers handle returned goods at scale.

U.S. retail returns are at an all-time high, surging to $890 billion or 17% of all sales, according to the National Retail Federation. Returns have become an industry-wide crisis of lost revenue and waste, with 8.4 billion pounds of perfectly good products ending up in landfills every year due to cost and regulatory complexities. Leveraging its proprietary technology to process, quality-check, and sell simply returned, never-used products quickly and at scale, REBEL’s model helps retailers recover revenue, giving consumers affordable access to everyday essentials with up to 70% off retail prices, and keeping returned products out of landfills.

The round enables REBEL’s next phase of growth, expanding into new verticals like outdoor and sporting goods with longtime retail partners, following its successful expansion beyond baby and into home earlier this year. The new verticals include seasonal and year-round categories such as water and winter sports, camping, outdoor toys, and athletic gear.

“This expansion is just the beginning of what’s ahead with even more vertical launches on the near horizon as we scale our returns recommerce technology into every corner of retail,” said Emily Hosie, REBEL founder and CEO. “Sports and outdoor goods are higher-ticket items–items consumers often need but that come with a premium price tag. Through our strong retail partnerships, we’re able to make perfectly good returns from desirable brands accessible and affordable while reducing retail waste. MarcyPen has played a pivotal role in our journey, and we look forward to building on this partnership as we accelerate our mission in this next phase of growth.”

As demand from both retailers and consumers accelerates, REBEL’s rapid growth demonstrates how quickly returns recommerce is becoming an essential part of the retail economy. In August 2025, the Company surpassed one million products processed, delivering 2,640% growth in just three years. Over the past year, the Company added a significant number of new popular brands to its network while also doubling its contribution to environmental sustainability. REBEL is also on track to divert over 25 million pounds of returns from landfills by the end of 2025.

“REBEL is leading the returns recommerce revolution,” adds Hosie. “We’ve built the technology and infrastructure for what’s next in retail where returns create value, sustainability drives growth, and circular retail becomes the standard. At the same time, we’re helping families stretch their budgets further, giving them access to the brands they love at unbeatable prices.”

As retailers face mounting pressure from economic uncertainty, REBEL has emerged as the scalable solution to drive circular retail forward—helping brands recover value from domestic inventory, meet sustainability goals, and deliver everyday affordability to consumers.

About REBEL

REBEL is the ultimate destination to Shop Smarter™. By offering unbeatable savings of up to 70% off on open-box and overstock products, REBEL makes it simple to shop with purpose every day. REBEL partners with the most popular brands to bring the very best assortment of open-box and overstock products right to their customers’ doorsteps. As the only certified B-Corp in returns recommerce, REBEL keeps more than 25 million pounds of product out of landfills annually.

About MarcyPen Capital Partners

MarcyPen Capital Partners (“MarcyPen”) is a next generation investment platform that provides strategic capital to early and growth stage consumer businesses that create, move, and lead culture. The firm provides solutions-oriented capital to leading consumer businesses positioned to meet the needs and expectations of the everchanging consumer, prioritizing strong engagement and collaboration with the companies in which it invests. Leveraging its proprietary and global ecosystem of relationships with entrepreneurs, investors, and leaders of industry, MarcyPen provides strategic insights and guidance seeking to help business builders scale. The firm pursues investments across subsectors that include beauty & personal care, consumer products, fashion & lifestyle, food & beverage, health & wellness, marketplaces, PR & creative, and tech-enabled services.

Contact:

Christina Sfeir
347-970-6487
[email protected]

SOURCE REBEL

Kleiner Perkins leads the Series A round alongside new investor NVentures and previous investors Coatue, Latitude Capital, Madrona, GTM Capital, Menlo Ventures, and U First Capital

SAN FRANCISCO, Nov. 12, 2025 — WisdomAI, the company behind the most accurate AI Data Analyst for trusted business insights in the enterprise, today announced a $50 million Series A financing. Kleiner Perkins led the funding round, with participation from new investor NVentures (NVIDIA’s venture capital arm) and existing investors Coatue, Latitude Capital, Madrona, GTM Capital, Menlo Ventures, and U First Capital. The round brings the company’s total capital raised to $73 million, just under a year after its launch.

The Series A funding will enable WisdomAI to expand its engineering team, accelerate product development, and scale its go-to-market operations for WisdomAI’s AI Data Analyst, a new class of analytics that enables enterprises to move beyond static dashboards and reactive BI to build autonomous, conversational, and proactive AI agents powered by WisdomAI’s Enterprise Context Layer. WisdomAI’s Data Analyst enables data teams to deliver accurate and trusted insights in real time, from structured, semi-structured, and unstructured data across work surfaces, proactively.

Overcoming the Limitations of Traditional BI

For decades, traditional business intelligence (BI) has relied on rigid dashboards, manual queries, and fragmented reporting pipelines that can take weeks to deliver new insights. As data volume and data variety increase exponentially, this model has become a critical bottleneck to business agility. Executives often find themselves drowning in data but starving for insights—operating on outdated information while teams scramble to update reports and KPIs.

WisdomAI addresses these challenges by replacing passive dashboards with an AI Data Analyst — a combination of conversational and proactive AI agents that reason across structured and unstructured data, learn from institutional knowledge, and proactively surface the insights that matter most. Each agent is powered by a persistent Enterprise Context Layer, which retains corporate, team, and user context to deliver relevant insights wherever work happens — whether in Slack, Salesforce, or email. This represents a new category of agentic analytics that finally delivers on the long-promised vision of true self-service analytics.

Empowering Every Employee to Become Data-Driven with AI

“We’re entering a new era where every employee can reason with data through AI,” said Soham Mazumdar, CEO and Co-Founder of WisdomAI. “Our mission is to build the world’s most trusted AI Data Analyst—one that understands business context, maintains enterprise-grade accuracy, and proactively surfaces insights that drive decisions. This round enables us to accelerate our investments in R&D and go-to-market expansion.”

Built for enterprise-scale deployments, WisdomAI eliminates the reporting bottlenecks that hold enterprises back. Instead of relying on static dashboards and manual queries, the platform continuously synthesizes data across systems, detects shifts and anomalies, and delivers insights in real-time. By turning fragmented data into a single source of insight, WisdomAI enables organizations to act faster, anticipate change, and make informed, data-driven decisions. WisdomAI is already powering analytics transformation at Fortune 500 companies across various industries, including technology, healthcare, financial services, energy, and manufacturing.

Eliminating Bottlenecks and Empowering Data Teams

Beyond transforming how business users interact with data, WisdomAI empowers data teams to work smarter, not harder. By automating repetitive tasks, report generation, and ad hoc analyses, WisdomAI eliminates long-standing bottlenecks that hinder decision-making. Data teams can focus on higher-value work— governance, modeling, and strategic analysis—while business users gain instant, self-service access to trusted insights through natural language. The result is an enterprise where data fluency is democratized, analytics cycles are accelerated, and decision-making becomes a shared capability across every function.

“For years, enterprises have been trapped in a cycle of building more dashboards while getting less insight; drowning in data but starving for intelligence needed to make fast, confident decisions,” said Aditya Naganath, Principal at Kleiner Perkins. “WisdomAI breaks this cycle by truly democratizing access to insights and freeing data teams from an endless queue of requests. Its AI data analysts move beyond static dashboards to deliver fluid, conversational, and proactive analytics, surfacing what truly matters. With a relentless focus on accuracy and trust, WisdomAI is defining how enterprises will work with data in the era of AI.”

With this investment, WisdomAI is redefining the future of analytics itself—moving the industry beyond static dashboards to an era of autonomous, explainable, and trusted AI decision-making. As enterprises demand faster, smarter, and more accurate insights, WisdomAI stands at the forefront of this transformation, defining the new standard for AI-powered business intelligence and shaping how the world’s leading enterprises reason with data.

About WisdomAI

WisdomAI is the leader in a new generation of AI analytics and business intelligence, building the first AI Data Analyst that delivers trusted, accurate, and proactive insights for the enterprise. Founded in 2023, WisdomAI’s platform empowers organizations to reason across their structured and unstructured data in natural language, automate analysis, and deploy autonomous agents that continuously identify opportunities, risks, and trends.

Learn more at www.wisdom.ai and request a free trial at www.wisdom.ai/free-trial.

SOURCE WisdomAI

SAN DIEGO, Nov. 12, 2025 — Seasats, a leader in autonomous maritime systems, has signed a formal agreement to make Australian defense technology company Elysium EPL the exclusive reseller for Seasats platforms in Australia and New Zealand. The partnership builds on Seasats’ proven record in long-endurance autonomous systems, including its recent USD $89 million contract with the U.S. Navy and Marine Corps, and on Elysium EPL’s successful efforts to get the Lightfish AMSA-certified Lightfish in Australian waters.

“Formalizing this partnership is an exciting step forward,” said Michael Mitchell, Director at Elysium EPL. “Seasats has been at the forefront of autonomous surface technology, and together we can expand access to these capabilities across Australia and New Zealand.”

To achieve AMSA certification, Elysium EPL provided regional operational expertise while Seasats contributed platform and technology leadership. This certification is a significant milestone as most uncrewed surface vessels (USVs) operate either uncertified or under defense exemptions. The Australian Maritime Safety Authority (AMSA) has taken a leading, risk-based approach to regulating autonomous vessels, balancing innovation and safety, to enable commercial USV operations at scale. 

Under the agreement, Elysium EPL will provide regional sales, integration, and front-line support for Seasats’ Autonomous Surface Vessels (ASVs). Seasats platforms deliver greater endurance, security, agility, and lower lifecycle cost than traditional crewed and existing uncrewed systems and are already proven in national security and industry operations.

Mike Flanigan, CEO of Seasats, added: “This collaboration combines our operational experience with Elysium EPL’s regional expertise, enabling faster delivery and support for customers seeking persistent, autonomous maritime capabilities. The AMSA certification positions Australia as a leader for practical, forward-thinking maritime autonomy governance, setting an example for other nations pursuing similarly effective regulatory frameworks.”

The partnership agreement signing took place during the Indo-Pacific 2025 International Maritime Exposition in Sydney. 

The partnership lays the groundwork for future local sustainment and integration of Seasats platforms within Australia’s defense industry base, supporting AUKUS Pillar II priorities in autonomous systems, AI, and undersea technologies. At a time when strong allied maritime integrations are key in the Indo-Pacific, this partnership advances international collaboration backed by secure sovereign capabilities.

For more information on Seasats, visit www.seasats.com.

For more information on Elysium EPL, visit https://www.elysiumepl.com.au/.

About Elysium 

Elysium EPL is an Australian veteran-owned professional services firm delivering comprehensive solutions and enduring value to government, industry and academia. We have a strong maritime heritage and now operate Uncrewed Surface Vessels (USVs) in support of Defence, national security and commercial marine outcomes with a purpose of enhancing maritime domain awareness and delivering innovative solutions for complex environments.

Our diverse experts bring decades of experience, key relationships and a deep understanding of government and the current strategic environment to empower clients to achieve long-term success. We have a proven track record of helping clients realise ambitious outcomes and transformation through trusted advice, collaborative strategy and enduring solutions, building their capability in the process. We match our specialists to the problem, taking a multidisciplinary approach to ensure solutions endure and drawing on our team’s rich experience in Defence, national security and intelligence, industry and government.

About Seasats

Seasats builds reliable autonomous ocean drones that use advanced AI to gather critical intelligence across vast maritime regions. Trusted by the U.S. Navy and international partners, Seasats’ fleets deliver persistent, scalable maritime dominance. The company’s flagship Lightfish enables multi-month endurance missions for defense, research, and commercial operations, while the high-speed Quickfish interceptor provides rapid-response capability for time-sensitive security and defense scenarios. Backed by L3Harris and Shield Capital, Seasats systems are deployed worldwide to extend maritime domain awareness with minimal logistics and maximum flexibility. Learn more at www.seasats.com

Media Contact: Kelsey McGrew
[email protected]

SOURCE Seasats

The investment will accelerate Park Loyalty’s product innovation, team growth, and delivery of new features to customers.

MILWAUKEE, Nov. 12, 2025 — Park Loyalty, a leading provider of omnichannel parking enforcement and violations management solutions, today announced the close of its Series A funding round led by Elephant. The investment marks a significant milestone in the company’s growth journey and will accelerate the expansion of its product portfolio, services, and implementation teams to meet growing market demand.

Elephant is a venture capital firm focused on high-growth software, internet, and technology companies. With a proven track record and understanding of the parking and mobility market, Elephant stood out as a uniquely aligned partner for Park Loyalty’s long-term vision. The partnership supports Park Loyalty’s commitment to helping parking agencies modernize enforcement and move toward data-driven, transparent, and community-oriented approaches that encourage compliance and improve mobility outcomes.

The funding will be used to accelerate the development of Park Loyalty’s Pro Solutions suite including Enforce Pro, Process Pro, Permit Pro, and newest addition, Rewards Pro, and to expand implementation capacity and customer support operations.

“This investment validates the hard work of our entire team,” said Sriram Somanchi, Founder and CTO of Park Loyalty. “It energizes us to continue driving innovation that aligns with customer objectives.”

Headquartered in Milwaukee, Wis., Park Loyalty has rapidly become a trusted name in parking management software solutions. Over the past year, the company has expanded to 33 U.S. states and Canada, surpassed 1,000 enforcement subscriptions and now serves more than 100 customers across municipalities, private operators, transit authorities and universities. Its platform supports the processing of over four million citations annually. Earlier this year, Park Loyalty also introduced its automated enforcement solution, marking a major step in supporting off-street and frictionless enforcement capabilities.

Marc Lucey, CEO of Park Loyalty, said: “The funding is more than capital, it’s a testament to the trust our customers and investors have placed in our vision. We’re building something that makes a real impact, and this partnership will help us move even faster.”

About Park Loyalty

Park Loyalty makes parking software simple. Its Pro Solutions platform delivers enforcement, processing, permitting, and rewards solutions for any type of parking agency. Park Loyalty is a leader in omnichannel enforcement, supporting operations through on-street patrolling officers, mobile LPR integration, and automated, frictionless parking facilities with citations issued as ticket-by-mail or e-citations, all seamlessly managed within the same platform.

With proven rapid deployment, a growing network of integration partners, and deep industry expertise, Park Loyalty ensures that no matter how agencies manage their parking, the platform can support them. By connecting frontline enforcement with back-office processing, permit management, and customer engagement, Park Loyalty helps agencies increase efficiency, strengthen compliance, and deliver measurable results for their communities.

Visit parkloyalty.com or follow Park Loyalty on LinkedIn.

About Elephant

Elephant is a venture capital firm focused on high-growth software, internet, and technology companies. Elephant partners with visionary entrepreneurs to help them scale and build market-leading solutions.

Visit elephantvc.com.

Media Contact
Julia Scholl, Marketing Manager, Park Loyalty
(858) 943-9272
[email protected]

SOURCE Park Loyalty

AUSTIN, Texas , Nov. 12, 2025 — ActivTrak today announced the completion of a strategic investment from Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses. This partnership strengthens ActivTrak’s position as the leader in workforce intelligence and fuels growth initiatives across go-to-market, product innovation and strategic partnerships.

ActivTrak helps organizations analyze work activity data to improve productivity, engagement and operational efficiency. It is the only cloud-based platform that delivers complete visibility into how work happens across teams, empowering leaders to make data-driven decisions about people, processes and technology. Customers use ActivTrak to:

• Automatically capture AI tool adoption trends across the workforce.
• View organization-wide productivity and utilization trends for agile decision making.
• Identify repetitive tasks ripe for AI automation and measure human-AI collaboration effectiveness.

ActivTrak’s momentum continues to accelerate as demand for workforce intelligence grows among enterprise organizations. The company now serves more than 9,500 customers and 1,000,000 users worldwide.

“This investment marks a pivotal moment in ActivTrak’s journey,” said CEO Heidi Farris. “As AI reshapes the workplace, organizations need objective data to understand its real impact on productivity, performance and capacity. ActivTrak provides that visibility – helping leaders balance human potential with the power of AI to drive meaningful outcomes. With Francisco Partners’ support and the continued backing of Elsewhere Partners and Sapphire Ventures, we’ll accelerate our enterprise growth and cement ActivTrak as the trusted source for workforce intelligence in the AI era.”

“We’re thrilled to partner with Heidi and the ActivTrak team,” said Peter Gingold, Managing Director at Francisco Partners. “ActivTrak has built a unique and powerful platform supported by product leadership and an impressive and growing customer base – positioning the company to continue redefining how organizations manage productivity across their workforces. We look forward to helping ActivTrak scale its innovation and market reach.”

Piper Sandler served as Exclusive Financial Advisor to ActivTrak. Gunderson Dettmer acted as legal advisor to ActivTrak. Cahill Gordon & Reindel LLP acted as legal advisor to Francisco Partners.

About ActivTrak
ActivTrak helps enterprises drive operational efficiency through AI-powered workforce intelligence. Its award-winning workforce analytics platform transforms work activity data into actionable insights for workforce management, productivity optimization and workforce planning – enabling measurable ROI and stronger business outcomes. More than 9,500 organizations trust ActivTrak’s technology, recognized by Deloitte’s Technology Fast 500, Inc. 5000, TrustRadius and G2. Backed by Sapphire Ventures and Elsewhere Partners, ActivTrak leads the way in privacy-first workforce data that fuels the future of intelligent work. Learn more at www.activtrak.com.

About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in more than 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $50 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

SOURCE ActivTrak

BOSTON, Nov. 12, 2025 — Vend Park, the unified technology and operations company transforming how commercial real estate owners manage and monetize parking, today announced it has raised $17.5 million in Series A funding. The round was led by Blue Heron Capital, with participation from Nuveen’s Real Asset Ventures, Communitas Capital, and John McMahon, along with follow-on investments from Derive Ventures, Floating Point Capital, PagsGroup, Crossbeam, and others.

The funding will accelerate Vend’s expansion into major U.S. markets, advance its AI-powered product roadmap, and fuel hiring across sales, engineering, and customer success.

Vend replaces outdated operators and fragmented point solutions by combining AI with a world-class operations team to automate day-to-day management, eliminate inefficiencies, and unlock revenue trapped in outdated, fragmented systems and operating processes. Owners working with Vend typically see increases in Net Operating Income (NOI) of 30%, reduced operating costs of 30–50%, and deliver a seamless experience to their tenants and visitors.

“Parking has been running inefficiently for years, built on a dual-vendor model that splits responsibilities between a traditional operator and a third-party technology provider. This setup creates high costs for real estate owners with significant inefficiencies like fragmented systems across access, billing, and reporting, and a poor experience that every driver can relate to,” said Michael Miele, CEO of Vend Park. “Vend replaces that outdated structure with an AI-powered infrastructure that unifies technology and operations to drive NOI and deliver a seamless experience. With Nuveen as a new partner and this additional capital, we’re excited to scale into hundreds of premium properties nationwide.”

Vend has seen 35x growth in just 24 months, expanding from 3 cities to 15, while growing its customer base to include marquee CRE owners such as Nuveen, Jamestown, Federal Realty, and Harwood International.

“Vend is unlocking real value for real estate owners with a platform approach that blends operations and technology seamlessly,” said Brad Wilner, EVP at CBRE, who joins Vend’s board of directors as an operator. “This team is not just modernizing parking—they’re creating digital infrastructure for the built world.”

Customers echo that sentiment, pointing to measurable financial impact and a vastly improved driver experience across their portfolios. 

“Our extensive research on the changing landscape of the parking industry revealed a sector undergoing a fundamental transformation from traditional labor-intensive operations toward digital solutions,” said Jeanne Casey, Head of Real Asset Ventures at Nuveen. “Vend’s integrated technology and operations platform quickly proved it can drive significant value for real estate owners and capture market share. What differentiates Vend is their flexible approach to implementation, tailoring solutions to meet each property’s unique operational requirements and ensuring frictionless onboarding. Their approach makes it easy for us to work with them across a diverse set of assets.”

As the lead investor, Blue Heron Capital recognized the significant opportunity in modernizing an overlooked segment of the real estate ecosystem.

“The majority of parking assets across the country are still operating on outdated systems and legacy operating models that haven’t evolved in decades,” said Kevin Musco, Vice President at Blue Heron Capital. “Vend is uniquely positioned to revolutionize this space by delivering a unified, AI-powered platform that transforms parking into a strategic asset. We see enormous potential for Vend to capture market share and redefine what’s possible for owners and operators in this category.”

About Vend Park:

Vend Park is a unified technology and operations company transforming how commercial real estate owners manage and monetize parking. By combining agentic AI with a world-class operations team, Vend automates day-to-day management, eliminates inefficiencies, and unlocks revenue trapped in outdated, fragmented systems and operating processes. Designed to meet each property where it is, Vend replaces the legacy two-vendor model with a single, integrated solution that consolidates technology, operations, and data. The result is a streamlined parking operation that drives NOI, reduces operating costs, and delivers a premium experience tenants and guests actually enjoy. From office towers and mixed-use properties to healthcare facilities, hotels, university campuses, event venues, and airports, Vend turns parking into a strategic lever for property value creation—backed by real-time intelligence, seamless automation, and measurable financial impact.

For more information, visit vendpark.io.

For media inquires, please contact Lauren Mead at [email protected].

SOURCE Vend Park

SHANGHAI, Nov. 12, 2025 — The leading electric vertical take-off and landing (eVTOL) firm, TCab Tech, has announced the completion of its RMB 300 million (approx. USD 43 million) Series B++ funding round, jointly invested by Meridian Capital, HuaHan Capital, and Puhua Capital. This is TCab Tech’s second funding round completed in 2025 and the seventh since its founding, bringing the company’s total funding to over RMB 1 billion (approx. USD 143 million).

This funding marks the first major investment in China’s low-altitude economy sector since the industry was designated as a strategic emerging sector under the China’s 15th Five-Year Plan (2026-2030). It reflects both policy endorsement and market confidence in TCab Tech’s technological path, engineering maturity, and commercialization potential.

With the dual momentum of policy and capital, TCab Tech is accelerating the airworthiness certification efforts and commercial deployment of its flagship E20 eVTOL, moving into a new phase of scalable industrialization.

Global Benchmarking and Deep R&D: Building a Competitive Edge in eVTOL Technology

1. Precisely Defined Technology Path — Tilt-rotor configuration Crosses the Commercial Threshold

Since its founding, TCab Tech has focused on the tilt-rotor configuration, widely recognized as the optimal path for Advanced Air Mobility (AAM). The self-developed E20 achieves a cruise speed of 320 km/h, range of 200 km, and payload of 450 kg, combining vertical take-off and landing capability with efficient forward flight—laying the foundation for true commercial viability.

2. Engineering Maturity — CEO Onboard Flight Test Validates System Reliability

The E20 has completed over 1,000 flight tests, including the world’s first multi-passenger eVTOL flight with the CEO onboard, demonstrating exceptional system stability and reliability. The aircraft has now entered the compliance verification stage of airworthiness certification, targeting certification in 2027.

3. International Market Breakthrough — Record-Breaking Overseas Order

In July 2025, TCab Tech signed an MoU with Autocraft, an Abu Dhabi technology enterprise of the UAE, outlining the potential delivery of up to 350 electric aircraft in the coming years. This represents the largest overseas order ever signed by a Chinese eVTOL company, underscoring strong global recognition of TCab Tech’s technology and product competitiveness.

Strategic Investment: Multi-Dimensional Empowerment for Commercialization Acceleration

The joint investment from three leading institutions provides TCab Tech with far more than financial support — it brings global resources, industrial collaboration, and strategic post-investment management to accelerate the E20 eVTOL’s commercialization journey.

Weiwei Wang, Managing Partner at Meridian Capital, stated:

“The low-altitude economy carries both strategic and economic significance for China and is one of Meridian Capital’s core focus areas. Although the industry is still at an early stage, its development path has become increasingly clear. We prioritize investment in key value-chain enterprises with strong R&D and airworthiness capabilities. TCab Tech excels in both, currently standing among the first-tier players in the certification process. Yon (TCab Tech’s Founder & CEO) personal participation in manned test flights further reinforces our confidence in product safety. In addition, the team’s strong professional background and international outlook — featuring talent from Airbus and the new energy vehicle sector — make TCab Tech exceptionally competitive. We believe the company is well positioned to emerge as a global leader in the eVTOL industry.”

Meng Wang, Partner at HuaHan Capital, stated:

“We have long believed in and systematically invested in the low-altitude economy. The tilt-rotor configuration has become the globally converging technological direction, and TCab Tech is among the first in China to achieve manned flight and stability verification on this path. More importantly, the company has built a comprehensive engineering system that ensures stable, long-duration, and safe flight. Its ability to combine frontier R&D with scalable industrial execution is a core advantage — and the reason we are committed to long-term partnership.”

Xiaofeng Wu and Jingwen Ni, Partners at Puhua Capital, stated:

“Puhua Capital continues to focus its investments on the low-altitude economy. TCab Tech demonstrates exceptional industrial coordination and manufacturing maturity. By establishing deep co-development programs with top-tier aerospace suppliers, the company ensures aviation-grade reliability across critical systems. This forward-looking supply chain strategy provides high certainty for E20’s airworthiness certification and enables a smooth transition to commercial operations — building a solid and sustainable competitive advantage. We look forward to TCab Tech accelerating certification and deployment, redefining the future of urban air mobility.”

Industrial Collaboration: Joint Development to Ensure Certification Certainty

TCab Tech has established a supply chain ecosystem that meets international aviation certification standards, collaborating with leading global suppliers to ensure the E20 eVTOL meets stringent airworthiness requirements.

International Collaboration: Partnering with Safran, a Fortune Global 500 company, to integrate its world’s first EASA-certified electric motor for Air Mobility (for eVTOL)—ensuring propulsion safety and reliability

Domestic Collaboration: Partnering with AVIC Xi’an Aeronautics Computing Technique Research Institute (for avionics and flight control), Farasis Energy (for batteries), and Hengshen Co. (for composite materials), among other top Chinese suppliers, to achieve aviation-grade reliability across all critical systems.

This systematic and deeply collaborative approach has built a robust industrial foundation, ensuring certainty in E20’s certification process and readiness for large-scale global production.

Yon Wui NG, Founder and CEO of TCab Tech, stated:

“China possesses globally leading advantages in policy support, industrial infrastructure, supply chain capabilities, and engineering manufacturing. These strengths position China to become a core driving force in global eVTOL technological innovation and commercialization. This round of funding will accelerate the airworthiness certification and mass-production readiness of the E20 eVTOL.”

Contact: [email protected]
Website: www.tcabtech.com/en/

SOURCE TCab Tech

Founded by Databricks and ThoughtSpot veterans, Deductive AI introduces a new generation of AI SRE agents that accelerate root cause analysis and remediation, helping fast-moving engineering teams stay focused on building rather than firefighting.

MOUNTAIN VIEW, Calif., Nov. 12, 2025 — Deductive AI, a pioneer in AI-powered root cause analysis and resolution, today announced $7.5M in seed funding and its public launch. The round was led by CRV, with participation from Databricks Ventures, Thomvest Ventures and PrimeSet. With the official launch, Deductive AI is introducing a new generation of AI SRE agents that learn from real-world incidents to automatically detect failures, diagnose root causes, and help engineers remediate software issues in minutes instead of hours.

At its core, Deductive AI is a unified platform for deploying and training AI agents that connect to an organization’s code, logs, metrics, traces, and events. These agents can reason over a continuously updated knowledge graph that maps relationships across systems, allowing them to test hypotheses, evaluate evidence, and surface precise root causes in seconds.

“The complexities and inter-dependencies of modern infrastructure means that investigating the root cause of an outage or incident can feel like searching for a needle in a haystack, except the haystack is the size of a football field, it’s made of a million other needles, it’s constantly reshuffling itself, and is on fire – and every second you don’t find it equals lost revenue,” said Sameer Agarwal, co-founder and CTO of Deductive AI. “Our goal is to fundamentally change this problem of how engineers troubleshoot software in production. By teaching AI agents to think like engineers, we’re giving teams time back to build and innovate rather than constantly firefight.”

Engineering teams today face the overwhelming challenge of diagnosing software failures across fragmented systems, sifting through petabytes of logs, millions of time-series metrics, and hundreds of dashboards to find the needle in the haystack. These investigations can take hours or days, diverting engineers from building new features and shipping products while outages ripple through systems long after the initial fault.

“We’ve seen world-class engineers spending half of their time debugging instead of building,” said Rakesh Kothari, co-founder and CEO of Deductive AI. “And as vibe coding generates new code at a rate we’ve never seen, this problem is only going to get worse. With new unpredictable failures, teams that don’t evolve their approach to debugging are going to stay stuck maintaining instead of shipping.”

Powered by purpose-built agentic AI and reinforcement learning, Deductive mimics the workflow of experienced Site Reliability Engineers (SREs). It generates hypotheses, tests them against real system evidence, and provides clear, actionable insights at every step of an investigation. While traditional observability tools stop at surfacing problems, Deductive AI takes it a step further by not only pinpointing root causes but also providing fixes and guiding teams through remediation.

“Our Ads Platform operates at a pace where manual, slow-moving investigations are no longer viable. Every minute of downtime directly affects company revenue. In those high-stress, ambiguous early moments of an incident, AI-driven triage plays a crucial role in accelerating our path to mitigation, supporting our 2026 goal of a 10-minute resolution window. Deductive has become a critical extension of our team, rapidly synthesizing signals across dozens of services and surfacing the insights that matter—within minutes.” 

– Shahrooz Ansari, Senior Director of Engineering at DoorDash

“While the industry raced toward coding agents, our partnership with Deductive took a different path: bringing agentic AI directly into data operations. Together, we built a system that unifies our telemetry streams with Deductive’s reasoning engine, creating an AI-powered frontline agent that proactively manages our data pipelines—detecting anomalies, diagnosing root causes, and accelerating resolution.”

– Vikram Gundeti, Chief Technology Officer, Foursquare

“Deductive promises to democratise visibility into our training infrastructure that has a steep learning curve today. We are excited to partner with Deductive and believe it can automatically connect the dots across hundreds of workflow executions and point us to the root cause of any failed training workflow.”

 – Virajith Jalaparti Head of Infrastructure, Kumo

“We’ve been using Deductive for about a year now. It gives us the clarity and speed we need to turn telemetry and code data into meaningful action. Deductive has demonstrated ability to learn and adapt to our unique use case and provide the key insights at every step of the investigation for our team to move faster, smarter, and with confidence.”

 – Pratik Kotkar, VP of Engineering, Apoha

“Deductive AI is an industry-defining company tackling some of the most persistent pain points in software reliability. Their approach represents the next generation of intelligent reliability systems that help engineering teams move faster, innovate more, and manage complexity at scale.”

– Max Gazor, Board Partner at CRV and early investor in category-defining companies such as Reflection AI, Airtable, and Cribl

Deductive’s founders bring deep expertise from building and scaling some of Silicon Valley’s most successful data and analytics platforms. Sameer Agarwal earned his Ph.D. at UC Berkeley, where he created BlinkDB, a state-of-the-art approximate query processing framework, and was among the first engineers at Databricks building Apache Spark. Rakesh Kothari was an early engineer at ThoughtSpot, where he led teams focused on distributed query processing and large-scale system optimization. Together, they founded Deductive AI to bring reasoning, not reaction, to the heart of software reliability.

Additional information

For more information, visit deductive.ai where you also can book a demo.

About Deductive AI
Deductive AI is building AI SRE agents that connect codebases and telemetry data to guide incident response from detection to resolution. Founded by veterans from Databricks and ThoughtSpot, Deductive AI combines code-aware reasoning, agentic AI, and reinforcement learning to accelerate root cause analysis by up to 90%. The company is based in Mountain View, California, and is backed by CRV, Databricks Ventures, Thomvest Ventures, and PrimeSet. Learn more at www.deductive.ai or connect with Deductive on LinkedIn or X (Twitter).

Media Contact
Elliott Burr
deductivea[email protected]

SOURCE Deductive AI