Pet biotech establishes board of directors, looks ahead to therapies for autoimmune disease, obesity and allergy.

PHILADELPHIA, Feb. 3, 2025 — Vetigenics, a clinical-stage animal health biotechnology company specializing in antibody therapeutics for pets, announces significant progress over the past year, including closing a $6 million seed round and advancing multiple clinical-stage programs.

The investment sets the stage for accelerated growth and value creation for Vetigenics. The funds will be used to advance clinical-stage programs toward pivotal trials, accelerate exciting preclinical candidates, and scale up operations and manufacturing.

“The funding underscores the confidence our investor partners have in our ability to achieve significant progress in a capital-efficient manner,” says Adriann Sax, President, CEO and co-founder of Vetigenics. “They share our belief in the potential of biologics to treat a variety of diseases in pets and the unique capabilities of Vetigenics to stay ahead in this evolving field.”

In addition to this financing success, two major trials using Vetigenics’ antibodies to treat canine cancer have reached key milestones:

• VGS-001 (anti-cCTLA4): The antibody therapy was combined with palliative radiation to treat oral melanoma in dogs. The trial is complete, and encouraging results are expected to be published in 2025.
• VGS-002 (anti-cPD1): The study using VGS-002 as monotherapy in dogs with urothelial carcinoma is nearing completion and promising results are anticipated later this year.

“It is very exciting to see Vetigenics’ checkpoint inhibitors safely addressing significant unmet needs in common veterinary cancers,” says Nicola Mason, BVetMed, PhD, DACVIM, FRCVS, Vetigenics co-founder and clinical investigator.

Vetigenics is also advancing its promising preclinical programs to treat autoimmune disease, obesity and allergy in pets. These therapeutic innovations are expected to address significant unmet needs in companion animal care. In particular, VGS-003 (anti-cCD19 mAb) has been evaluated in vivo and is on track to enter clinical trials by the end of 2025.

“The unique construction of the CANIBODY™ library offers Vetigenics the ability to isolate antibodies to the most challenging targets,” says Don Siegel, PhD, MD, Vetigenics co-founder and researcher.
“To date, our technology has enabled novel antibody generation across therapeutic areas and species in a variety of formats.”

The company has also established a board of directors made up of prominent industry leaders to guide its continued growth:

• Chand Khanna, DVM, PhD, a leader in comparative oncology and translational medicine
• Stephen Lesser, JD, MBA, a seasoned strategic advisor in biotechnology and life sciences
• Caleb Frankel, VMD, an EMR pioneer and tech innovator in the veterinary space
• Adriann Sax, MBA, President, CEO and co- founder of Vetigenics.

With a promising pipeline of clinical trials, new strategic partnerships, and an expanded team of experts, Vetigenics is poised to continue transforming pet health in 2025. The company remains committed to helping pets live their best lives through cutting-edge science and collaborative efforts with partners and supporters.

About Vetigenics
Vetigenics is a clinical-stage animal health biopharmaceutical company committed to advancing targeted antibody therapies for pets from a platform that provides unlimited therapeutic potential. Its proprietary CANIBODY™ technology unlocks faster, more cost-effective, and ethical solutions to develop superior antibodies proven effective in humans with cancer and chronic diseases but created specifically for pets. The company’s innovative technology and pioneering expertise in antibody discovery and development are trusted by global animal health partners and the National Cancer Institute. At Vetigenics, we are dedicated to enabling pets to live their best lives. For more details, visit www.vetigenics.com and connect with us on LinkedIn.

SOURCE Vetigenics

Flyover Capital, SineWave Ventures lead funding round, former Chief of NSA’s Trusted Systems Research Group joins board

LAWRENCE, Kan., Feb. 3, 2025 — Invary, a pioneer in Runtime Integrity solutions, successfully raised a $3.5 million Seed funding round from SineWave Ventures, Flyover Capital, Hyperlink Ventures, and KCRise Fund. This funding enables Invary to advance its mission of verifying the Runtime Integrity of entire systems, ensuring comprehensive confidentiality and security.

Invary’s patented solutions, powered by technology exclusively licensed from the National Security Agency (NSA), are leading a paradigm shift in confidential computing, bringing advanced runtime security already deployed in high-assurance federal entities to the commercial sector. Join Invary and federal and commercial experts in a live webinar February 24th to learn more.

Dr. Patricia Muoio, General Partner at SineWave Ventures and former Chief of NSA’s Trusted Systems Group, is joining Invary’s Board of Directors. Muoio brings deep expertise in cybersecurity, emerging technologies, and strategic planning across both federal and commercial sectors.

“It is time for enterprises to stop letting attackers dictate the rules of the game, instead capitalizing on having home-field advantage,” said Dr. Muoio. “Invary’s Runtime Integrity solution is an important technology for any enterprise looking to enhance their security posture.”

The seed funding will accelerate the launch of Invary’s Windows Kernel Runtime Integrity solution and groundbreaking eBPF Runtime Integrity verification, complementing its established Linux Runtime Integrity solution. Invary’s technology additionally supports verifying Trusted Execution Environments (TEE), such as AMD’s SEV-SNP, ensuring systems remain uncompromised at runtime. These offerings provide continuous state-based verification of vital layers core to security, enabling customers to detect sophisticated threats and zero-day malware that are invisible to other threat detection mechanisms.

“By successfully validating critical government systems, Invary has demonstrated its capability to address some of the most demanding challenges in system security. Invary is experiencing growing interest from the private sector, further fueled by its upcoming launch of Runtime Integrity for Windows,” said Dan Kerr, Partner at Flyover Capital. “The real-time system integrity approach pioneered by Invary has the potential to redefine how industries think about and implement security in the years ahead.”

Flyover Capital, which also led Invary’s Pre-Seed round, has reinforced its support in this funding round, underscoring its strong belief in Invary’s groundbreaking capabilities and the urgent need for its technology in today’s rapidly evolving cybersecurity landscape.

“Invary is redefining runtime security with our upcoming eBPF Runtime Integrity solution,” said Jason Rogers, CEO of Invary. “Researched in part with the NSA’s Trusted Mechanisms group under a CRADA, this solution extends basic built-in BPF protections, ensuring that eBPF programs and their data remain unaltered in memory at runtime. Combined with our Windows and Linux Kernel Runtime Integrity solutions and runtime TEE attestation, we are bringing the confidentiality and security trusted by high-assurance federal systems to the commercial market.”

Leading federal and commercial organizations trust Invary to strengthen Zero Trust Architectures by verifying runtime integrity and eliminating the foundational assumptions on which security postures are built.

“At Spencer Fane, safeguarding our data is our highest priority,” said Wai Sheng Cheng, Head of Security for Spencer Fane. “Invary’s ability to verify the confidentiality and security of our systems at runtime represents a significant advancement in protection. By reinforcing the foundation of our security posture, Invary enhances our ability to protect our critical data.”

Invary’s technology is seamlessly integrated into partner solutions, as demonstrated by its incorporation into Vibrint’s enterprise solution offerings. For example, this collaboration brings Invary’s advanced Runtime Integrity solutions to Vibrint’s high-performance computing (HPC) offering, delivering the level of confidentiality and assurance that national security customers demand.

“We are excited to be working with Invary,” said Scott Clark. “Their unique technology is helping Vibrint elevate our Zero Trust solutions, enabling our customers to gain a stronger advantage in achieving their national security missions. We look forward to building on this collaboration and exploring new ways to drive innovation together.”

With its Runtime Integrity solutions, Invary protects critical systems against tampering, persistence, and hidden threats by continuously measuring and verifying system behavior at runtime. By delivering solutions for Linux, Windows, eBPF, and Trusted Execution Environments, Invary ensures that organizations can operate with confidence across the entire technology stack.

About Invary

Invary delivers industry-leading Runtime Integrity solutions that ensure the security and confidentiality of critical systems. Built on NSA-licensed technology, Invary provides comprehensive protection for Linux, Windows, eBPF, and Trusted Execution Environments. By continuously verifying runtime integrity, Invary safeguards systems against tampering and advanced threats, enabling Zero Trust Architectures across federal and commercial sectors.

For more information, visit [www.invary.com].

About SineWave Ventures

SineWave Ventures is a leading venture capital firm that bridges the gap between innovative startups and established enterprises, with a particular focus on fostering connections with government agencies and the public sector. By investing in transformative technologies and solutions, SineWave empowers early-stage companies to scale and make meaningful impacts across industries. With deep expertise, a robust network, and a commitment to driving progress, SineWave serves as a catalyst for growth, helping startups navigate complex markets and achieve sustainable success.

For more information, visit [https://sinewave.vc/].

About Flyover Capital 

Flyover Capital is a leading early-stage venture capital firm dedicated to creating the next generation of technology success stories outside the traditional tech hubs. The firm invests in transformative companies and venture funds across industries such as cybersecurity, FinTech, InsurTech, privacy and security, dual-purpose tech, and productivity solutions. Flyover’s portfolio reflects its commitment to solving critical challenges and fostering innovation that drives economic growth. By leveraging its deep expertise and extensive network, Flyover Capital supports the development of groundbreaking solutions that redefine industries and create lasting impact.

For more information, visit [https://www.flyovercapital.com/].

About Vibrint

Vibrint helps national security customers Make the Right Call, sustaining mission advantage at the forefront of intelligence gathering and analysis. Our teams of technologists, analysts and mission specialists pursue innovation in high-performance computing, SIGINT research and analysis, software and systems development, and mission resilience. The systems we create and the services we provide enhance our customers’ capacity and capability for harvesting and harnessing data, enhancing the quality and speed of mission-critical decisions. Within our Collaboration Lab environment, we leverage our technical expertise to explore future capabilities vital to the U.S. national security mission. Vibrint is based in Annapolis Junction, Maryland.

For more information, visit [www.vibrint.com].

About Spencer Fane

Spencer Fane is a full-service business law firm focused on providing results that move clients and their businesses forward. With direct access to firm leadership and a different approach to client engagement, its attorneys instill confidence and certainty that the clients’ interests are the firm’s priority.

For more information, visit [spencerfane.com].

Media Contact
Kelsey O’Shaughnessy
PANBlast for Invary
[email protected]

SOURCE Invary

BENTONVILLE, Ark., Feb. 3, 2025 — HealthTech Arkansas and MedAxiom have launched year four of HeartX, a cardiovascular-focused healthcare accelerator that facilitates guaranteed hospital pilot projects and clinical trials for accomplished, early-stage companies bringing new cardiovascular innovations to the market.

Applications for the 2025 HeartX cohort opened on February 1st, and five companies will be selected in September 2025. The program is seeking companies in three categories: digital health and software, medical devices, and diagnostic platforms. Each company will receive $150,000 of investment capital and is guaranteed at least one pilot project or clinical study with cardiology practices in Arkansas and around the country.

“The HeartX program exemplifies our commitment to bridging the gap between promising cardiovascular innovations and real-world clinical validation,” said Jeff Stinson, director of HealthTech Arkansas. “By guaranteeing early-stage companies direct access to leading cardiology practices for pilots and clinical trials, we’re enabling these innovators to rapidly demonstrate impact, refine their solutions, and ultimately improve patient outcomes. We’re proud to collaborate with MedAxiom again to bring transformative technologies to market.”

“The HeartX accelerator provides young companies with what they need most – access,” said Joe Sasson, PhD, MedAxiom’s chief commercial officer and executive vice president of Ventures. “Participating in HeartX provides funding, exposure, and commercialization support, helping to reach dozens of cardiovascular programs looking for solutions to improve care delivery. We’re confident that this year’s applicants will consist of the best cardiovascular innovations globally, and we encourage all companies focused on improving cardiovascular care to apply.”

HealthTech Arkansas is in its eighth year of administering accelerator programs focused exclusively on provider engagement with early-stage companies, and is now in its fourth year of partnering with MedAxiom on HeartX.

More information can be found at HeartXaccelerator.com.

ABOUT HEALTHTECH ARKANSAS
HealthTech Arkansas helps to drive innovation for healthcare provider organizations through its accelerator programs and through internal innovation programming. Its flagship accelerator, HeartX, recruits worldwide for the most accomplished cardiovascular-focused startups in the areas of digital health, medical devices, and diagnostic platforms. Those companies accepted into the program are guaranteed at least one pilot project or clinical trial from among the ten largest hospitals and health systems in Arkansas. More information can be found at HealthTechArkansas.com.

ABOUT MEDAXIOM
MedAxiom, an American College of Cardiology Company, is the cardiovascular community’s premier source for organizational performance solutions. MedAxiom is transforming cardiovascular care by combining the knowledge and power of hundreds of cardiovascular organization members, thousands of administrators, clinicians and revenue cycle experts, and dozens of industry partners. Through the delivery of proprietary tools, smart data and proven strategies, MedAxiom helps cardiovascular organizations achieve the Quadruple Aim of better outcomes, lower costs, improved patient experience and improved clinician experience. Learn more at medaxiom.com.

For more information, contact:
Jeff Stinson
501.766.0633
[email protected]    

SOURCE HealthTech Arkansas

Agency Previously Served as Long-term PR Partner for ZeeVee Which was Purchased by Kramer in 2024

NEW YORK and TEL AVIV, Israel, Feb. 3, 2025 — Kramer, a global leader in audiovisual experiences, has tapped Feintuch Communications to implement a business-to-business public relations campaign in North America and Latin America.

Founded in 1981 and headquartered in Tel Aviv, Kramer is a designer, manufacturer and distributer of advanced pro AV technology from signal management and cloud-based communication to collaboration and control systems. The privately held company has subsidiaries and offices in more than 20 countries and a broad network of representatives and distributors on all continents.

In 2024, Kramer purchased ZeeVee, a prominent provider of audio visual over internet protocol (AVoIP) technology. ZeeVee had been a client of Feintuch Communications since April of 2018 and part of the firm’s pro AV practice.

“The Feintuch Communications team did an admirable job of building marketplace awareness of ZeeVee and continued to work hard in support of the brand during our critical integration period,” said Amit Ancikovsky, Americas president, Kramer. “The time is right to amplify our message and support our business development efforts throughout North America, our most critical market, and Latin America. We look forward to the continuing collaboration with the Feintuch Communications team.”

“Our work with ZeeVee, over the past seven years, has been a labor of love and we’re gratified that Kramer has chosen our team to continue providing support to its expanding family of products and services,” said Henry Feintuch, president, Feintuch Communications. “We are already working closely with company management in the U.S. to target the pro AV and end-user community with actionable information about Kramer in support of thought leadership and generating leads.”

Feintuch Communications’ pro AV team is led by Feintuch and Doug Wright, vice president. The firm has represented numerous pro AV organizations including HDMI Licensing Administrator, Legrand, Atlona, Silicon Line and AptoVision.

About Kramer

Kramer audio-visual experiences power creativity, collaboration, and engagement. From  AVSM to advanced cloud-based communication, collaboration and control solutions, Kramer creates audio-visual experiences that are more engaging, more inclusive, and more connected than ever before.

Headquartered in the heart of Startup Nation – Tel Aviv, Israel with locations around the world, Kramer’s audio-visual experts are designing the future of engagement technology. Physical and digital boundaries have blurred. But no matter how hybrid our world becomes, our desire for real, human connection will never cease.

Kramer’s intuitive, seamless technology breaks down walls, bridges gaps, and makes people feel closer together even when they’re far apart.

kramerav.com  

About Feintuch Communications 

Feintuch Communications (www.feintuchcommunications.com), based in New York City, is an award-winning technology public relations firm with a focus on business results. A founding partner of PR World Alliance (www.PRWorldAlliance.com), the firm specializes in b2b and b2c programs in technology, pro AV, financial services, advertising and media, energy and cleantech and corporate. Feintuch Communications prides itself on its strong service ethic, senior counsel and hands-on support. 

SOURCE Feintuch Communications, Inc.

CHICAGO, Feb. 3, 2025 — Dream Exchange is pleased to announce Sean Carswell as the latest investor to join a growing community of individuals dedicated to championing access to capital for small businesses.

Mr. Carswell is a professor in the Engineering Department at the State University of New York Maritime College (the “College”). Mr. Carswell has an extensive professional career in roles spanning across engineering and transportation. Mr. Carswell is the faculty adviser for the College’s National Society of Black Engineers (“NSBE”) student chapter, a student-led organization that aims to increase the representation and engagement of Black engineering students in the fields of science, technology, engineering and mathematics (“STEM”).  Mr. Carswell’s long-standing relationship with the NSBE shows his desire of providing mentorship, encouragement and empowering environment for underrepresented individuals in these fields.

“My decision to invest in Dream Exchange stems from a deep belief in the power of inclusive financial systems,” said Mr. Carswell. “As someone who has dedicated my career to uplifting and mentoring underrepresented communities, I recognize how crucial access to capital is for driving innovation and success. Dream Exchange is creating a space where equity and opportunity align, and I am honored to be part of this movement.”

“Our growing investor community, which now includes distinguished individuals like Sean Carswell, underscores the importance of our mission,” said Joe Cecala, Founder and CEO of Dream Exchange. “His background in leadership and dedication to fostering growth in underserved communities aligns perfectly with our vision for transforming the financial landscape. This investment reflects the collective commitment of those who join us in reshaping access to fairness and opportunity in public capital markets.”

About Dream Exchange

The Dream Exchange has submitted a preliminary draft of its application to the Securities and Exchange Commission (“SEC”) to become the first minority-controlled company to operate a licensed stock exchange in the history of the United States and is in the process of responding to comments from the SEC, as well as preparing its operations for when it receives approval. In addition, Dream Exchange is championing the creation of a new type of stock exchange called a venture exchange, which will list and trade the securities of smaller, early-stage companies. Dream Exchange’s mission is to create equal access to a marketplace that instills ethics, humanity, and fairness into finance.

Visit our website and follow us on LinkedIn for more.

MEDIA CONTACT 
Jane Hayton
Chief Public Officer
 312 882 2691

SOURCE Dream Exchange

NEW YORK, Feb. 3, 2025 — Riot, an employee-focused cyber-protection software platform, announced today a $30 million Series B financing round led by New York-based venture capital firm Left Lane Capital. This investment will fuel Riot’s product development and international expansion, further solidifying its position as a market leader in employee cybersecurity. The funding round brings Riot’s total raised capital to $45 million and includes participation from existing investors Y Combinator, Base10, and FundersClub.

With the rapid emergence of generative AI, companies are increasingly apprehensive about the enhanced capabilities of hackers. Combined with the proliferation of publicly available data online, artificial intelligence enables malicious actors to create more personalized and realistic attacks designed to deceive collaborators. As a result, employees are increasingly vulnerable to cyber threats, as witnessed by the acceleration of phishing incidents, which have increased 1,265% in the last two years.¹ 

“Hackers are leveraging the latest innovations in artificial intelligence to create extremely targeted and sophisticated attacks capable of deceiving the most vigilant employees,” said Benjamin Netter, Founder and CEO of Riot. “We’re in a race against time to develop tools that will protect businesses from these new threats. Our goal with Riot is to protect more than ten million employees by 2027.“

Riot’s platform goes beyond traditional cyber awareness solutions, which often rely on generic, unengaging training modules. By seamlessly integrating with an organization’s IT stack, Riot will assess employees’ cyber posture, detecting potential vulnerabilities — such as the lack of strong authentication on certain services, and will proactively guide employees in resolving these weaknesses. To do this, Riot will rely on its cyber companion Albert, which will share actionable recommendations in real time via corporate communication tools such as Slack or Microsoft Teams.

This proactive approach is designed to complicate life for hackers, who rely on shortcomings in employee security posture to launch successful attacks. “As AI technology continues to mature, phishing attacks will become more sophisticated, personalized, and harder to detect. Empowering your team with the right tools and knowledge is the best defense against these evolving threats,” said Matthew Miller, Partner at Left Lane Capital. “Riot’s innovative approach focuses on employees as the first line of defense against cyber attacks. The cost of a data breach or cyberattack has significant financial and reputational implications for companies, making these training and prevention tools a necessity now more than ever.”

Since being founded in 2020, Riot has grown to protect more than 1,500 organizations across all sectors, including technology leaders like Mistral AI, Y Combinator, and Modern Treasury, as well as established enterprises such as L’Occitane, Deel, Intercom, and French newspaper Le Monde. The company has also surpassed $10 million in annual revenue in 2024, representing another year of significant triple-digit growth. The new funding will accelerate Riot’s international expansion, with plans to open two new offices and double its current workforce within the next twelve months.

About Riot

Riot is the first real-time employee cybersecurity monitoring solution. The Riot platform enables cybersecurity teams in companies of all sizes to assess and improve the cyber posture of their employees, making them the first line of defense against hackers.

Founded in 2020 at Y Combinator by Benjamin Netter (CEO) and Louis Cibot (CTO), Riot has now raised a total of $45 million in capital from Frst Capital, FundersClub, Base10, Left Lane and business angels such as Guy Podjarny (founder of Snyk) and Severin Hacker (co-founder of Duolingo).

For more information, visit tryriot.com.

About Left Lane Capital

Founded in 2019, Left Lane Capital is a New York– and London-based global venture capital and growth equity firm investing in hyper-growth consumer and SMB businesses with enduring customer relationships. Left Lane’s mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy. Select investments include GoStudent, Choco, Wayflyer, Mentorshow, La Belle Vie, Bilt Rewards, Blank Street, M1 Finance, Animaj, Kings League, Holy, Kittl, and more.

For more information, visit leftlane.com.

SOURCE Riot

The AI-native workspace launches powerful Voice and AI workflows—attracting over 160,000 users to the waitlist.

LONDON, Feb. 3, 2025 — Today, Tana, the all-in-one workspace that naturally integrates AI into everyday work, announced a $14 million Series A round led by Tola Capital, with participation from Lightspeed Venture Partners, Northzone, Alliance VC, and firstminute capital, which brings the company’s total funding to $25 million. The funding will further the company’s goal to reinvent how humans, teams, and computers work together, building AI agents and voice-powered workflows to redefine productivity for savvy professionals worldwide.

During its stealth phase, Tana built a waitlist of more than 160,000 users—including representation from over 80% of Fortune 500 companies. Now, the company is launching its platform, promising to radically transform how we approach knowledge work. Over 30,000 people have tested the platform, and more than 24,000 “Tanarians” contribute to their active Slack community.  

“This team’s obsession with transforming productivity for our AI-native world sets them apart. They deeply understand that the future of work will be dynamic and personalized, and their voice-first product represents a bold vision for reshaping how teams collaborate globally,” said Sheila Gulati, founder and managing director of Tola Capital.

Tana is founded by Tarjei Vassbotn, Olav Kriken, and Grim Iversen—united in their obsession with the problems facing productivity. Tarjei and Olav are serial entrepreneurs—Tarjei is an ex-Googler with deep product and AI experience, and Olav is one of the leading growth figures coming out of the Nordics. Grim has deep technical expertise regarding information modeling and has worked on productivity systems for the past 25 years, including a central role in developing Google Wave. As engineers and tech visionaries, they knew there was a better way to work with information than the fragmented paradigm of docs, spreadsheets, slide decks, and emails. And with AI they saw a path to solve it.

Tana’s approach? Combining three novel technologies to eradicate the work about work and unlock the potential of AI and voice-based workflows. First off, Tana is a knowledge graph with connections that mimic the human brain to effectively distribute and scale knowledge. Secondly, Tana is built to be proactive. It has a multitude of feeds and mechanisms that resurface, process, and connect information—so you automatically get it where you need it. Finally, the most loved feature is the Supertag. Building on concepts from Object-oriented programming it transforms unstructured to structured information in seconds. This might sound Greek, but it means you can effortlessly whip up AI workflows, streamline instructions for the AI agents, and instantly transform raw notes and voice recordings into ready-to-use output.

Lars Rasmussen (Founder of Google Maps and the Google Wave CEO) was one of their first backers, believing this is a superior approach to knowledge management and AI. Other notable angels who put their faith in the company are Arash Ferdowsi (Dropbox co-founder), Siqi Chen (Runway founder), Olivier Pomel (Datadog founder), and Holly Branson (Virgin).

“I’ve loved being an early adopter of Tana and I’m a believer in the team’s incredible vision to revolutionize knowledge work for high-speed organizations. They’ve built one of the most impressive AI agents I’ve ever seen and infused it into every part of the product,” said Nnamdi Iregbulem, Partner at Lightspeed Venture Partners.

“The computer was supposed to be the bicycle for the mind. Instead, we got a hamster wheel resulting in loads of work about work,” said Vassbotn. “With AI we can solve this, but only if we approach knowledge work in a fundamentally different way. Plugging AI into our current fragmented ecosystem of tools will create an even bigger mess.”

“Tana is like having a superpower at work. The right information at the right time. It is also the best tool we currently have to prepare our organization for the inevitable: The increasing rate of change, the need for collaboration, and the information flow that comes with the advent of AI,” said Andre Foeken, CTO Nedap. “The age of personal effectiveness is here, and Tana is front and center.”

About Tana
Tana is an AI-native workspace that makes interacting with computers feel natural. It combines a knowledge graph, object-based note-taking, and customizable AI agents to reduce the steps between thinking and doing—taking you from thought to structured, ready-to-use output in seconds. It streamlines capturing, organizing, and applying information–so you can spend less time on busywork and more time on deep work. To learn more, visit www.tana.inc     

About Tola Capital
Tola Capital is a venture capital firm that believes in the power of software, data, and AI to transform the way the world works. Founded in 2010 by experienced software operators at the forefront of cloud computing’s rise, the firm backs entrepreneurs who have enterprise technology experience and are building disruptive, industry-transforming solutions with diverse teams. Tola Capital has raised three funds totaling $670M, has successfully exited numerous startups, and continues to evolve as it supports founders into the era of AI. Visit www.tolacapital.com for more information.

About Lightspeed
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Carta, Cato Networks, Epic Games, Faire, Forty Seven, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, Udaan, Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. www.lsvp.com

SOURCE Tana

Parties Agree to Work Together to Maximize Recoveries for FTX Stakeholders

WILMINGTON, Del., Jan. 31, 2025 — FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively “FTX”) today announced that they have reached a settlement with venture capital firm K5 Global (“K5”), resolving the June 2024 lawsuit brought by FTX.

“Today’s settlement reflects another mutually beneficial solution to the broader issues raised during the collapse of the FTX group,” said John. J. Ray III, Chief Executive Officer of the FTX Recovery Trust. “We are pleased to have reached an agreement with K5. Having spent extensive time with Michael Kives and Bryan Baum, co-founders of K5, it is clear that K5 is a bright spot in the FTX portfolio, and the expected strong performance of their investments will be a key driver in the recovery efforts for our stakeholders.”

K5 Global co-founders Michael Kives and Bryan Baum said in a joint statement, “We appreciate the extraordinary professionalism and collaboration of John Ray and are grateful to have reached this settlement. We are proud of the role that K5 will play in the recovery process for all FTX stakeholders.”

Additional Information about FTX Recoveries and Distributions

As previously announced, FTX’s U.S. Bankruptcy Court-approved Chapter 11 plan of reorganization (the “Plan”) became effective on January 3, 2025. The initial distribution record date for holders of allowed claims in the Plan’s convenience classes (the “Initial Distribution”) was also January 3, 2025. The Initial Distribution is expected to occur within 60 days of January 3, 2025, with participation subject to know-your-customer and other distribution requirements. U.S. Bankruptcy Court filings, including the Plan and other documents related to the U.S. Bankruptcy Court proceedings, are available at https://cases.ra.kroll.com/FTX/.

About K5

K5 Global is a venture capital firm and incubation studio that invests in category defining companies at all stages. The firm was founded in 2018 by Michael Kives and Bryan Baum.

Advisors

The FTX Recovery Trust is represented by Sullivan & Cromwell LLP as legal counsel and is assisted by Alvarez & Marsal North America, LLC as financial advisor, Perella Weinberg Partners LP as investment banker, Quinn Emanuel Urquhart & Sullivan, LLP as special counsel and Landis Rath & Cobb LLP as Delaware counsel.

SOURCE FTX

• Runway Growth Capital will continue to operate independently and serve as the external investment adviser to Runway Growth Finance Corp. (Nasdaq: RWAY), with the current team remaining in place
• Runway Growth Capital will leverage BC Partners Credit’s extensive platform, resources, and scale to accelerate capital formation and diversify financing options for both investors and borrowers

MENLO PARK, Calif. and NEW YORK, Jan. 30, 2025 — Runway Growth Capital LLC (“Runway”), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, and BC Partners Credit, the $8 billion credit arm of BC Partners, an approximately $40 billion AUM alternative investment firm, today announced that they, along with Mount Logan Capital, a Canadian alternative asset management company internally managed by employees of BC Partners Credit, closed a transaction whereby private investment funds advised by BC Partners Credit, and Mount Logan Capital pursuant to its minority investment, have acquired Runway Growth Capital LLC.

Runway will continue to serve as the investment adviser to private investment funds and to Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth Finance”), a publicly-traded business development company, under a new investment advisory agreement. As previously announced, Runway’s current officers, senior management and investment personnel are expected to continue to serve as officers and senior management.

Ted Goldthorpe, Head of BC Partners Credit, said, “Combining Runway’s expertise, network, and track record in venture debt with the global scale and resources of BC Partners Credit enables our combined firm to establish a diversified presence in the venture debt ecosystem. Runway’s solutions are in high demand. We look forward to expanding Runway’s investment capabilities, on day one, and to Runway continuing to drive returns for investors through attractive risk-adjusted investments.”

Runway Founder and Chief Executive Officer David Spreng commented, “Officially joining the BC Partners Credit platform marks an exciting new chapter for Runway and significantly contributes to our long-term vision of providing financing solutions to high quality, late and growth-stage companies. This transaction well positions Runway to increase originations within our target investment range of $30-150 million, expand our offerings to target companies and sponsors, and enhance our financing capabilities to support high-growth companies in the venture debt and growth sectors. Following the receipt of required regulatory antitrust approvals, our work with BC Partners Credit is well underway, and we’ve already begun sharing insights and capabilities to bolster originations. Looking ahead, we believe Runway is positioned for growth, with more to offer borrowers than ever before and a strengthened team that widens our network of VC and PE sponsors.”

Runway previously announced its definitive agreement with BC Partners Credit in October 2024. For additional information and investor materials, please visit the Runway website at www.runwaygrowth.com.

Advisors

Oppenheimer & Co. Inc. acted as the exclusive financial advisor to Runway Growth Capital LLC. Wachtell,
Lipton, Rosen & Katz acted as legal counsel to Runway Growth Capital LLC and Eversheds Sutherland
(US) LLP acted as legal counsel to the independent directors of Runway Growth Finance. Simpson Thacher & Bartlett LLP acted as legal counsel to BC Partners.

About BC Partners & BC Partners Credit

BC Partners is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched in February 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm’s deep industry and operating resources to provide flexible financing solutions to middle-market companies across Business Services, Industrials, Healthcare and other select sectors. For further information, visit www.bcpartners.com/credit-strategy.

About Mount Logan Capital Inc.

Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle. ML Management was organized in 2020 as a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies and annuity products acquired by Mount Logan in the fourth quarter of fiscal year 2021.

About Runway Growth Capital LLC

 Runway Growth Capital LLC is the investment adviser to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of a target of $30 million to $150 million to fast-growing companies based in the United States and Canada. For more information on Runway Growth Capital LLC and its platform, please visit www.runwaygrowth.com.

About Runway Growth Finance Corp.

Runway Growth Finance is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth Finance is a closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Runway Growth Finance is externally managed by Runway Growth Capital LLC, an established registered investment adviser that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit www.runwaygrowth.com.

Forward-Looking Statements

Some of the statements in this document constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results of Runway or Runway Growth Finance, and distribution projections; business prospects of Runway or Runway Growth Finance, and the prospects of Runway Growth Finance’s portfolio companies; and the impact of the investments that Runway Growth Finance expects to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this document involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the future operating results and net investment income projections of Runway or Runway Growth Finance; (ii) the ability of Runway or Runway Growth Capital and their affiliates to attract and retain highly talented professionals; (iii) the business prospects Runway or Runway Growth Finance, and the prospects of Runway Growth Finance’s portfolio companies; (iv) the impact of the investments that Runway Growth Finance expects to make; (v) the ability of the portfolio companies of Runway Growth Finance to achieve their objectives; (vi) the adequacy of the cash resources and working capital of Runway Growth Finance; (vii) the timing of cash flows, if any, from the operations of the portfolio companies of Runway Growth Finance; and (viii) future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities). The forward-looking statements included in this document are based on information available on the date hereof, and Runway and Runway Growth Finance assume no obligation to update any such forward-looking statements. Although Runway and Runway Growth Finance undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that Runway Growth Finance in the future may file with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

Important Disclosures

Investors considering an investment in Runway Growth Finance, the business development company advised by Runway, should carefully evaluate the investment objectives, investment strategies, and various risks of investing in Runway Growth Finance, which are not described in detail (or at all) in this document. Please see a detailed discussion of these risk factors and other related risks in Runway Growth Finance’s most recent annual report on Form 10-K in the section entitled “Risk Factors”, which may be obtained on Runway Growth Finance’s website, www.runwaygrowth.com, or the SEC’s website, www.sec.gov.

No Offer or Solicitation

This document is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this document is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in Runway Growth Finance or in any fund or other investment vehicle managed by Runway, BC Partners, or any of their affiliates

SOURCE Runway Growth Capital LLC