Leadership Changes to Drive Growth

SANTA ANA, Calif., Feb. 4, 2025 — The housing and mortgage industry faces rapid changes driven by rising interest rates, regulatory challenges, and the demand for digital solutions. Consolidated Analytics (CA) is responding with leadership updates to fuel growth and innovation. Rudy Zabran is transitioning from Chief Revenue Officer (CRO) to Chief Operating Officer (COO), and Steve Faulkner is stepping into the role of CRO. CA is setting the stage to lead during one of the most dynamic periods in the mortgage industry.

A Strategic Leadership Duo for a Changing Market
Rudy Zabran’s appointment as COO marks a decisive moment for CA. With a sharp focus on operational excellence, Zabran will drive the integration of proprietary technologies, streamline workflows, and deliver exceptional value to clients navigating the complexities of today’s housing market. Simultaneously, Steve Faulkner’s new role as CRO underscores CA’s commitment to client-centric strategies. By strengthening client relationships and aligning innovative solutions with industry demands, Faulkner will reinforce CA’s position as a trusted partner in the mortgage space. Together, their leadership promises to pave the way for innovation, and client success.

Expanding Business Development Expertise

In addition to these key leadership changes, CA is proud to announce the addition of two exceptional executives to its Business Development team: Darlene Swain and Sho Amiri.

CA welcomes two industry veterans to its Business Development team. Sho Amiri, with 25+ years of experience across mortgage, title, and capital markets, is known for managing multi-billion-dollar trades and delivering purpose-built client solutions. Sho’s deep understanding of the industry, from servicing and lending to title and due diligence, enables her to provide measurable value. Her dedication to client experience and result-driven strategies solidify her reputation as a trusted advisor and resource.

Darlene Swain is a mortgage industry leader with 20+ years of experience in consultative sales and risk management. She brings proven expertise in driving revenue and forging strategic partnerships with leading data and technology companies. Darlene’s strategic vision and innovative problem-solving skills make her an invaluable addition to CA’s team.

Both executives enhance CA’s ability to drive measurable value for clients. By prioritizing people and innovation, CA combines technology with human expertise to deliver transformative solutions.

A Vision for the Future
CA’s leadership changes and expanded expertise underscore its commitment to tackling industry challenges and redefining client success. With a focus on transformation, operational excellence, and innovation, CA is poised to shape the future of mortgage operations, delivering unparalleled solutions and partnerships.

About Consolidated Analytics, Inc.
Consolidated Analytics is an end-to-end mortgage services platform that delivers value to clients in origination, servicing, and capital markets, from asset-level analysis to enterprise optimization. A leading provider of real estate valuation, risk management, and advisory services, our comprehensive suite of solutions encompasses due diligence, residential and commercial valuation, collateral risk assessment, and regulatory compliance, enabling our clients to stay ahead in today’s dynamic market.

Jana Setterberg
Consolidated Analytics, Inc.
(303) 513-2459  I  [email protected] 

SOURCE Consolidated Analytics

With the new funding, PlantBaby will expand retail distribution, accelerate innovation, and continue to grow its team.

MARIN, Calif., Feb. 4, 2025 — PlantBaby, a pioneering company dedicated to creating innovative solutions in the plant-based nutrition space, proudly announces the successful close of its Series Seed equity financing round. The round was led by B2 Partners, a firm founded by seasoned investor Matt Behrens, at a post-money valuation of $20 million.

“PlantBaby represents the kind of forward-thinking, mission-driven company we look to support at B2 Partners,” said Matt Behrens, Founder of B2 Partners. “Their commitment to creating clean, plant-based nutrition solutions aligns perfectly with our belief in backing businesses that prioritize both health and sustainability. We’re proud to contribute to their journey and help them reach even more families in need of innovative nutrition options.”

This funding will empower PlantBaby to make its products more accessible around the country, through Sprouts, Wegmans, Amazon, Thrive, and their own Kiki Milk website built on Shopify. The new capital allows for further research and development and product innovation in both plant milk and new categories.

“We became acquainted with B2 Partners through an introduction by one of our early investors,” said Alex and Lauren Abelin, Co-Founders of PlantBaby. “Their decision to lead this funding round underscores their confidence in PlantBaby’s vision and potential. We’re thrilled to join forces with such an excellent and thoughtful partner.”

B2 Partners led the seed round and is joining the PlantBaby board, with additional support from Big Idea Ventures, Everywhere Ventures, X Factor Ventures, Women’s Equity Lab Silicon Valley, and Babylist, bringing further momentum to the company’s growth journey.

Founders Lauren and Alex Abelin launched PlantBaby after their son Alakai’s birth, frustrated by the lack of clean-label and dairy-free infant formulas. Their company, PlantBaby, creates products they love and trust, aiming to support families everywhere, especially the 50% of children with chronic health conditions.

PlantBaby’s first product, Kiki Milk, launched in 2020 with Original and Chocolate and has expanded to include Mac Nut and Unsweetened. Unlike other plant milks, Kiki Milk is crafted with a blend of more than six whole food ingredients—free from seed oils, gums, artificial flavors, and preservatives. It is certified USDA Organic and glyphosate-residue free. Each serving naturally provides 5g of protein and contains an excellent source of calcium, thanks to unique nutrient-rich ingredients like sprouted pumpkin seeds, hemp seeds, and Aquamin™. To ensure the highest safety and quality, all varieties undergo third-party testing for heavy metals and mold, making Kiki Milk a clean and nourishing choice for the whole family.

“Improving the health of future generations is our North Star as both parents and entrepreneurs,” said Alex and Lauren Abelin. “We’re committed to providing the cleanest, most nutritious, and delicious products—for your family and ours—because every child deserves the best.”

For more information about Kiki Milk and its commitment to clean-label plant-based nutrition, visit www.kikimilk.com, www.plantbaby.co, or follow @kikimilkco on Instagram.

About PlantBaby
PlantBaby is a future-forward nutrition company creating clean-label, organic, plant-based foods, beverages, and supplements to support children from infancy to adulthood. Founded in 2020 in Kauai, Hawaii, PlantBaby is dedicated to improving the food system and prioritizes responsible sourcing. Its signature product, Kiki Milk, launched in December 2021 with Original and Chocolate blends, later expanding to include Mac Nut and Unsweetened. PlantBaby partners with Farmer’s Footprint and EcoCart to promote a healthier planet. Learn more at www.kikimilk.com, @kikimilkco, and www.plantbaby.co.

Press Contact:
AMC Consulting
Annmarie Mercieri Colonna
[email protected]
860-729-3323

SOURCE PlantBaby, Inc.

LOS ANGELES, Feb. 4, 2025 — Today, Aguileros Beverage Group, is pleased to announce the debut of their newly-launched private equity fund focused on Mexican and beverage alcohol-specific opportunities, providing more than just funding by also offering growth solutions through strong relationships and operational expertise.

The Aguileros Fund is looking to raise $5M with a $10M hard cap, with $2M in commitments secured thus far with a fund life of 10 years following first close. The group will invest following three main criteria pillars: Minority investments in high-growth potential companies, Seed capital for new and emerging businesses, and Strategic partnerships in established businesses that can also benefit from restructuring.

Started by Alex Staniloff, Eli Diamond and Abe Cortes, the fund is comprised of highly experienced investors, operators and entrepreneurs, with notable track records across relevant verticals of the wider beverage industry.

Their roster of General Partners span North American geographics, including Canada, Los Angeles, New York City and Guadalajara, many of whom have launched companies of their own as well as having been part of multiple exits totaling over $300M. The team also has established a distribution agency covering Canada nationwide in addition to having built award-winning branding and marketing agencies.

“We believe the time is now to invest in the wider Mexican beverage category and have developed a behemoth group of experts who can take these brands to uncharted new heights in 2025 and beyond through the launch of our fund – Aguileros Venture Fund II, states Alex Staniloff, General Partner and Managing Member.

The team’s extensive group of advisors all come from strong and diverse backgrounds bringing another layer of credibility and connections across the world.

One of the biggest challenges in Mexico’s beverage space is gaining real access to early-stage brands. Many of the most promising opportunities remain insulated within local networks, making it difficult for traditional investors to engage at the right time. Aguileros’ deep-rooted presence in Guadalajara, Mexico City, and across North America provides an unparalleled advantage, granting the fund early access to emerging brands before they hit the mainstream.

Backing this strategy is a world-class advisory team with expertise spanning private equity, operations, brand building, distribution, and finance. The team includes:

• Arnie Fridhandler, a private equity partner at Weil, Gotshal & Manges LLP (New York, NY), offering deep M&A and structuring expertise.
• Taylor Foxman, founder of The Industry Collective (New York, NY), known for leading beverage brand strategy and successfully scaling brands to exit.
• Steven Roopenian, Principal at Grobstein Teeple LLP (Los Angeles, CA), bringing financial diligence and restructuring experience.
• Mack Zavitz, General Manager at The Beverage Collective (Toronto, ON), providing extensive distribution and route-to-market knowledge.
• Esteban Morales, founder of Casa Endémica (Guadalajara, MX), specializing in production and supply chain operations within Mexico’s spirits industry.
• Hector Banda, founder of IGL Mexico (Guadalajara, MX), with deep insights into logistics and distribution in Mexico’s beverage market.
• Alan Mulvihill, a key figure in El Gallo Altanero, Roe & Co, and Diageo, offering global brand-building expertise.

Among the fund’s leadership, Eli Diamond, General Partner, Operations, brings a wealth of experience in the Mexican spirits sector. As a board member of the Additive Free Alliance (Tequila Matchmaker), he has been at the forefront of advocating for transparency and authenticity in the tequila industry, working alongside top brands to ensure quality and integrity in production. Eli was also part of the founding team of Ole Cocktail Co., where he played a key role in the brand’s successful launch and distribution rollout, ultimately leading to its acquisition by Mark Anthony Group before its U.S. entry. His expertise in operations, partnerships, and brand growth makes him a critical asset in Aguileros’ ability to identify, nurture, and scale promising brands.

To learn more about getting involved in the current raise, please reach out to Alex Staniloff directly at [email protected].

Media Contact:
Taylor Foxman
609-432-2237

SOURCE Aguileros Beverage Group

AUSTIN, Texas, Feb. 4, 2025 — Boxsy, the AI-driven operational hub for startups and their ecosystems, launches to the public today, providing founders, investors, and advisors with tools to eliminate operational burdens and focus on growth. With features designed to streamline workflows and deliver actionable insights, Boxsy empowers its users to scale their businesses with greater efficiency and clarity.

Boxsy offers solutions that cater to the needs of startups and their key stakeholders:

• Startup Solution: Empowers founders and entrepreneurs to focus on strategic growth by reducing time spent on daily operations, providing clear financial visibility, and offering access to trusted experts for seamless scaling.
• Investor Solution: Enables investors to make informed decisions with real-time portfolio analytics, proactively manage risks, and strengthen relationships with startups.

“Scaling a startup shouldn’t feel like reinventing the wheel every day,” said Elisabeth Bykoff, Founder and CEO of Boxsy. “We created Boxsy to act as a strategic partner—one that simplifies the complexities of running a business while unlocking opportunities for growth. Whether you’re a founder driving innovation or an investor seeking clarity, Boxsy is here to make the journey smoother and more impactful.”

Boxsy’s AI-driven analytics not only streamline operations but also predict potential challenges before they arise, enabling founders to proactively address issues and maintain momentum. The platform features pre-built dashboards, cash flow monitoring, operational playbooks, and access to a curated marketplace of expert service providers.

Beyond serving founders, Boxsy fosters a connected ecosystem by facilitating seamless communication between investors, advisors, and startups. Investors get a robust toolkit to track portfolio health, reduce risks, and foster collaboration with startups through real-time insights and customizable reporting.

Boxsy’s AI-powered operational platform is now available for general use. Startups can experience its capabilities firsthand with a free 7-day trial. Visit www.boxsy.io to get started.

About Boxsy

Boxsy is on a mission to empower startups and the entire ecosystem by providing a seamless operational hub designed to make entrepreneurship more successful. Our vision is to simplify the operational complexities that often hinder growth, offering founders and their partners the tools, insights, and connectivity they need to thrive. From streamlined reporting to expert-backed solutions, Boxsy is here to help startups scale smarter and build stronger, more impactful businesses.

Media Contact
Alastar Kerpel
Boxsy
[email protected]
510-697-7484

SOURCE Boxsy

EINDHOVEN, The Netherlands, Feb. 4, 2025 — As World Cancer Day is observed, Dutch medical device company Sirius Medical, the leader in surgical marker navigation, announced securing 10M€ in additional scale-up funding. This investment round was led by Invest-NL and Nextgen Ventures, with support from De Groot Family Office and existing investors Brabant Development Agency (BOM), Holland Capital, Curie Capital, Team Holmium, and Sirius Medical’s team.

World Cancer Day is a poignant reminder of the ongoing fight against cancer, and this milestone reflects Sirius Medical’s commitment to enhancing cancer care. Praised by breast cancer surgeons worldwide, the Sirius Pintuition^® surgical navigation platform enables simple, best-in-class, wire-free localization for breast-conserving surgery in any hospital. This latest funding round empowers Sirius Medical to enhance the Sirius Pintuition system and GPSDetect^™ software platform, focusing on usability and intuitiveness, and extending its applications. Additionally, the investment will substantially bolster the sales infrastructure and support expansion into new markets.”

“At Invest-NL our healthcare focus is on investing in innovations that aim to avoid, replace, or relocate expensive care,” Karin Steffens, senior investment manager at Invest-NL commented. “Sirius Medical’s mission to develop sustainable technology solutions while maintaining balance within the healthcare system closely aligns with our mission to accelerate the healthcare transition. We are excited to back a company making such a meaningful difference for women with breast cancer.”

“Announcing this funding milestone on World Cancer Day underscores the urgency of our mission to improve cancer care globally,” says Bram Schermers, CEO of Sirius Medical. “This funding round, in the current fundraising environment, is a clear testament to the talent of the Sirius Medical team, and the Pintuition technology that we have developed. We are proud to continue contributing to the fight against cancer and look forward to the next phase of growth for Sirius Medical. We will have more exciting news to announce soon.”

“The Sirius Medical leadership team has shown exceptional expertise and adaptability,” stated Roel Dekkers, Investment Manager, NextGen Ventures. “The company is well positioned for expansion, and we see a tremendous opportunity for growth in untapped markets.”

About World Cancer Day
World Cancer Day, observed on February 4th, is a global initiative to raise awareness and inspire action to work together to reduce the impact of cancer worldwide.

About Sirius Medical

With its roots in the Netherlands Cancer Institute, Sirius Medical is dedicated to improving care for cancer patients by delivery of unsurpassed, yet affordable solutions that enable precise and efficient removal of tumors. Sirius Pintuition is precise, simple, affordable, and both CE marked, and FDA cleared. Sirius Medical is rapidly expanding with over 250 centers and 35.000 procedures globally.

www.sirius-medical.com | @SiriusMedical | #siriuspintuition

Benjamin Tchang – Corporate contact 
[email protected] 
+31 857 732 727 (The Netherlands)

SOURCE Sirius Medical

As Evolving Drone Threats Continue to Intensify, Hidden Level Sees Strategic Growth as it Executes on a Number of U.S. Government Contracts  

SYRACUSE, N.Y., Feb. 3, 2025 — Hidden Level, a leader in passive radar and radio frequency sensing technology for detecting and precisely locating drones and other threats around you, today announced $65 million in Series C funding led by DFJ Growth with participation from Booz Allen Ventures, Revolution Growth, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures, Founders Circle Capital, and others. This investment comes on the heels of the company’s $35 million Series B which closed only 6 months prior, bringing the company’s funding over the last 12 months to $100M, solidifying its position as a robust technology player in the rapidly evolving national security and critical infrastructure landscape.

The rapid proliferation of unmanned aerial systems (UAS) has introduced significant challenges to national security and the protection of critical infrastructure for the U.S. and its allies. From espionage to the potential for hostile actions, drones represent a growing threat in both military and civilian environments. As drones become increasingly sophisticated, with smaller sizes, enhanced stealth capabilities, and the ability to operate in swarms, traditional radar systems often struggle to provide reliable detection and tracking. This gap in airspace situational awareness underscores the urgent need for advanced sensing solutions capable of identifying and locating drone threats in real-time, even in complex and congested electromagnetic environments, to protect public safety and critical infrastructure.

Hidden Level detects and tracks a wide range of aerial activity, including drones—whether emitting signals, operating covertly as dark drones, or posing as imitations—along with aircraft, balloons, and other objects in the airspace. Its advanced technology also pinpoints the location of drone operators, providing a comprehensive and actionable view of aerial activity. Crucially, Hidden Level achieves this while maintaining full compliance with Title 18 regulations, safeguarding privacy and avoiding the need for changes to existing legislation.

Hidden Level’s technology is increasingly recognized for its necessity in high-security scenarios. The company is on contract this year to support technology deployments for the U.S. Army, U.S. Air Force, U.S. Africa Command, U.S. Indo-Pacific Command, U.S. Central Command, U.S. Northern Command, and other federal, state and local agencies, to address drone threats to U.S. national security, critical infrastructure, and military bases. The company’s technology has been deployed to monitor major events, such as the recent presidential inauguration, where airspace security is critical.

Hidden Level’s innovative approach is powered by its passive radar and RF direction-finding technology, which remains undetectable to bad actors, ensuring strategic sensor placement and uninterrupted operations. By leveraging its vertically integrated design, manufacturing, and testing capabilities, the company delivers sensors optimized for cost, mobility, performance, and spectrum breadth, meeting the diverse needs of its customers. Hidden Level’s scalable solutions—whether delivered as hardware or data-as-a-service—offer unmatched flexibility and utility in monitoring low and high-altitude airspace.

“Hidden Level is addressing a critical gap in our defense capabilities with advanced technologies that identify and track the proliferating UAS threats, while remaining virtually undetectable”, said Randy Glein from DFJ Growth. “This capability is changing the game on the battlefield, providing an electronic surveillance shield for our forces and assets in harm’s way.” 

Hidden Level’s team brings deep expertise in advanced sensing technology honed through experience with the DoD, aviation authorities, and NASA.

“Critical infrastructure is the backbone of our nation’s security,” said Jeff Cole, co-founder and CEO of Hidden Level. “Today’s evolving threats demand comprehensive airspace monitoring, from low-altitude drones to high-altitude aircraft and everything in between. With this new funding, we are poised to expand our impact, enhancing defense capabilities and supporting public safety, critical infrastructure, and emerging commercial needs.”

The new capital will be used to scale the business by expanding manufacturing, hiring across the board, and growing internationally after successful deployments with over a dozen cutting-edge customers, including NASA, the U.S. Army, the U.S. Air Force, and the U.S. Department of Defense, while meeting the demands of new clients.

The Series C round follows the company’s $30M Series B funding in 2024 led by Lauder Partners with participation from Booz Allen Ventures, Washington Harbour Partners, Veteran Ventures, Valor Equity, and others.

About Hidden Level
Founded in 2018, Hidden Level is a leader in advanced airspace monitoring and drone detection technology, dedicated to securing critical infrastructure and addressing emerging national security threats. Hidden Level’s innovative solutions provide real-time, actionable insights by detecting and tracking a wide range of aerial activity, including low-altitude drones, high-altitude aircraft, balloons, and other airborne objects, as well as their operators.

Leveraging passive radar and RF direction-finding technology, Hidden Level ensures privacy protection while empowering federal, state, and local agencies with unparalleled situational awareness. The company’s vertically integrated approach to product design, manufacturing, and testing enables scalable, cost-effective deployments tailored to the diverse needs of its customers.

Backed by leading investors, including DFJ Growth, Lauder Partners, Revolution Growth, Booz Allen Ventures, Costanoa Ventures, Washington Harbour, Valor Equity, and Veteran Ventures, Hidden Level continues to drive innovation at the intersection of technology and national security.

For more information, visit hiddenlevel.com or follow Hidden Level on LinkedIn.

About DFJ Growth 
DFJ Growth is a prominent investor in emerging technology leaders during their scaling phase of development. Founded in 2005, DFJ Growth partners with extraordinary, mission-driven entrepreneurs disrupting the status quo with game-changing innovations that become iconic companies. Our investments include Anaplan, Anduril, Box, Cellares, Coinbase, Commonwealth Fusion Systems, Neuralink, OpenAI, Patreon, Ring (Amazon), ScaleAI, SolarCity (Tesla), SpaceX, Stripe, Tesla, Twitter, Ring, Unity, and xAI. DFJ Growth is a fearless investor and steadfast partner to founders who imagine the future and execute on the hv ir bold visions to define it.

Press Contact: 
Mary Devincenzi
408-761-4285
[email protected]

SOURCE Hidden Level, Inc.

This new program provides an excellent opportunity to bolster the state’s economy.

PORTLAND, Ore., Feb. 3, 2025 — Elevate Capital, Oregon’s first inclusive venture capital fund supporting diversity and inclusion, has been selected by Business Oregon to manage the SSBCI (State Small Business Credit Initiative) Venture Direct program. This selection marks a significant advancement for Oregon’s early-stage startups.

“The honor of managing the SSBCI Venture Direct program follows a highly competitive selection process with Business Oregon and reflects Elevate Capital’s reputation and effectiveness in fostering innovation and growth in Oregon’s startup community with investment. We are thrilled to receive the continued trust and confidence from the State of Oregon,” says Nitin Rai, Elevate Capital’s Founder and Managing Partner.

“This recognition builds on Elevate Capital’s successful track record managing the Gap Fund I and Gap Fund II, also backed by Business Oregon. Our team has demonstrated a strong commitment to nurturing emerging businesses, and this new program provides an excellent opportunity to bolster the state’s economy,” says Ben Nahir, Venture Principal, Elevate Capital.

Funding Requirements

• The SSBCI Venture Direct program will allocate up to $15M to invest in Oregon startups over the next four to six years.
• Elevate will catalyze additional investment opportunities into Oregon startups, as each SSBCI investment requires at least a 1:1 match at the time of investment.
• The SSBCI portfolio will include at least 40% SEDI (socially and economically disadvantaged individuals) -owned businesses.
• This Fund will invest in all new companies.

About Elevate Capital

Founded in 2016, Elevate Capital is the nation’s first institutional venture capital fund primarily targeting investments in underrepresented entrepreneurs, including women, BIPOC, LGBTQ+ communities, and those with limited regional access to capital and opportunities. Through the Innovation Gap Funds, Elevate supports high-risk research-driven innovation in Oregon by investing at the earliest stages in startups from healthcare, life sciences, cleantech, sustainability, and other target-traded sector industries. Visit elevate.vc or follow Elevate Capital on X, Facebook, and LinkedIn.

SOURCE Elevate Capital

Affineon Health Expands AI Inbox to Tackle Provider Burnout, Improve Patient Care

DENVER, Feb. 3, 2025 — Affineon Health, a leader in AI-powered solutions to streamline the inbox for healthcare physicians and providers, today announced successfully closing a $5 million oversubscribed funding round. GPG Ventures led the seed round with participation from existing investor, AI Fund, and several other new investors.

The funding enables Affineon to accelerate product development, expand its fast-growing market presence, and deepen its impact on one of healthcare’s most pressing challenges: the administrative burden on providers that’s a leading cause of physician burnout.

“We’re empowering healthcare providers by automating tedious tasks so they can spend more time on patient care and less on administrative work,” said David Norris, Co-Founder and CEO of Affineon Health. “This oversubscribed round underscores how important solving this problem is and positions Affineon to scale our AI inbox to improve even more lives.”

Transforming Provider Inboxes with AI
By automating routine lab results, prescription renewals, and patient communications, Affineon reduces inbox volume up to 80% and saves providers over five hours per week, while improving response times and the patient experience. Seamlessly integrated with electronic health record (EHR) systems, providers reclaim their time in Affineon’s AI inbox without disrupting existing workflows.

Investor Perspectives
“By slashing the time doctors spend wrangling their inbox, Affineon reduces a major healthcare pain point,” said Claire England, Investment Partner at GPG Ventures. “We’re thrilled to back this experienced team’s innovative AI inbox and their dedication to improving physician efficiency and patient care.”

“The healthcare industry is hungry for solutions that combine advanced AI technology with practical applications,” said Matt Miller, Managing Partner at Headwater Ventures. “The administrative burden physicians face every day is why we invested in Affineon, with its unique AI inbox solution”

Other new investors in this round include Deepwater, Benhamou Global Ventures (BGV), Headwater Ventures, and Signal Peak Ventures. Together with GPG Ventures and AI Fund, their support reflects solid investor confidence in Affineon’s market leadership and momentum. This round brings Affineon’s total capital raised to $6 million.

Accelerating Momentum

The funding builds on Affineon’s recent achievements, including:

• Market traction: Partnering with leading health systems, physician practices, and EHRs like athenahealth.
• Innovation: Advancing AI-powered tool development for lab results, Rx renewals, and patient communication.
• Recognition: Establishing itself as an essential innovator reducing provider burnout and improving patient care.

About Affineon Health
Affineon Health’s AI inbox streamlines provider workflows and eases administrative burdens. Its flagship solutions improve efficiency, reduce burnout, and help healthcare providers focus on delivering high-quality patient care. Affineon integrates seamlessly with EHR systems, saving providers time and enhancing the healthcare experience.

About the Investors
GPG Ventures is a Texas-based healthcare VC firm. With offices in Dallas, Houston, and Austin, GPG Ventures invests nationally in biotech, digital health, medtech, consumer health, and general B2B tech. Individual and family office LPs have invested alongside the firm’s partners in more than 100 portfolio companies since 2011.
AI Fund is a venture studio that strives to move humanity forward by accelerating the adoption of AI. Acting as a minor co-founder, AI Fund partners with entrepreneurs to form new companies together. AI pioneer Andrew Ng launched AI Fund in 2018 with $176 million from top-tier firms such as Greylock, NEA, Sequoia, and Softbank Group.
Deepwater Asset Management manages equity investment funds across the growth spectrum in public and private markets. They seek to invest in transformative technologies and innovators that will unlock value for their investment partners.
Benhamou Global Ventures (BGV) is a cross-border VC firm with deep roots in Silicon Valley and a focus on global Enterprise 5.0 AI technology innovation.
Headwater Ventures is a Minneapolis-based VC firm investing in tech founders building the next generation of category-defining healthcare companies.
Signal Peak Ventures is a Salt Lake City-based VC firm investing in technology companies in emerging markets, primarily outside of Silicon Valley.

Media Inquiries:
Affineon Health
Marc Feder
[email protected]
www.affineon.com

SOURCE Affineon Health

SINGAPORE and LOS ANGELES, Feb. 3, 2025 — Deep-tech startup Nibertex, a pioneer in waterproof breathable membranes, has successfully closed its pre-Series A funding round with participation from Foxmont Capital Partners and ADB Ventures – the impact investment arm of the Asian Development Bank, and other prominent family offices in the region.

The funding will be deployed to ramp up production capacity, enabling Nibertex to meet growing demand from the consumer textiles market while positioning itself for expansion into adjacent sectors such as protective textiles, automotive ventilation, healthcare, and personal protective equipment.

Nibertex’s breakthrough in developing PFAS-free electrospun polyurethane (“ePU”) membranes positions the company as a critical player in addressing this global challenge while delivering eco-conscious solutions to meet consumer and regulatory demands.

PFAS are “forever chemicals” or toxic substances known for their persistence in the environment and links to cancer and other health risks. With bans on PFAS in textiles looming across the EU, California, and New York, global brands are urgently seeking sustainable solutions.

Nibertex’s PFAS-free membranes deliver unmatched waterproofing and breathability performance for textiles. The company has pioneered the scalable production of PFAS-free ePU membranes through its two state-of-the-art manufacturing plants in the Philippines, demonstrating that it can meet global demand while aligning with stricter environmental regulations and standards. These membranes are critical for global brands seeking sustainable, high-performance materials amidst tightening regulatory restrictions on harmful chemicals like PFAS.

“This pre-Series A funding is a testament to the trust our investors place in our technology and the potential of our market,” said Jaemin Park, co-founder of Nibertex. “The demand for sustainable, high-performance materials has never been higher, and this investment allows us to accelerate production and meet the growing needs of our clients across multiple industries.”

Nibertex has seen a surge in orders from global textile brands and is gaining traction in high-value sectors such as firefighter fabrics and professional applications. The company also continues to push the boundaries of electrospinning technology for new applications in mattresses, automotive, and healthcare solutions.

ADB Ventures’ support underscores the importance of finding sustainable alternatives to widely used industrial materials. “Nibertex’s technology supports the global shift towards the use of safer and more sustainable materials,” said Charles Cole Navarro, of ADB Ventures. “By eliminating PFAS and delivering high-performance waterproof breathable membranes, Nibertex is addressing a critical global challenge. We look forward to supporting its growth as it expands beyond textiles into new industries.” 

Jelmer Ikink, Founding Partner at Foxmont Capital Partners said, “We are very happy to have worked closely with ADB Ventures on this round, which highlights proof of Nibertex’s impact. The growth and potential Nibertex has shown over the last quarters have exceeded our expectations, and we are proud to have made a follow-on commitment to fuel Nibertex’s growth.”

The funds will also support Nibertex in scaling production lines at its second facility, expanding R&D efforts for professional textiles, and building capacity to meet future demand in emerging applications.

Having secured this pre-Series A milestone, Nibertex now sets its sights on a Series A round in 2025 to further build out production capacity in response to already existing demand, as it continues to lead the charge in sustainable, high-performance nanofiber technology.

About Nibertex    

Founded in 2019, Nibertex is a deep-tech startup revolutionizing nanofiber technology. With proprietary electrospinning processes, Nibertex produces PFAS-free nanofiber membranes that are lightweight, breathable, and durable. These membranes serve industries spanning technical textiles, healthcare, filtration, automotive, and professional applications.

SOURCE Nibertex