MUSCAT, Oman, Nov. 5, 2025 — Oman’s Muscat Stock Exchange (MSX) has recorded its strongest performance in nearly a decade, driven by reforms led by the Oman Investment Authority (OIA), the nation’s sovereign wealth fund managing over USD 50 billion in assets. Trading value has risen fivefold since 2021 to about USD 8.45 billion, while market capitalization has grown by 51 percent to more than USD 79 billion. The MSX index recently surpassed the 5,000-point level for the first time in eight years, signaling renewed investor confidence and deeper market activity.

The surge reflects Oman’s wider effort to strengthen its capital market and attract regional and international investment in line with Oman Vision 2040. The Muscat Stock Exchange, the core of Oman’s capital market, has become one of the fastest-growing stock exchanges in the Gulf. The transformation began with Royal Decree No. 5/2021, which converted the Muscat Securities Market into a closed joint-stock company wholly owned by OIA. This move enabled new programs to boost liquidity, increase listings, and modernize infrastructure.

“MSX’s progress reflects OIA’s vision to build an efficient, investor-friendly exchange that supports economic growth and attracts quality investments,” said Mulham bin Basheer Al Jarf, Deputy President for Investments at OIA. “Our phased plan focused first on building trust and liquidity, then on broadening ownership and embedding global best practices.”

Since 2022, the MSX has grown by 67 percent, outperforming major global benchmarks such as the S&P 500 and MSCI indices for GCC, emerging, and Chinese markets. This growth stems from OIA’s strategy to strengthen liquidity, diversify listings, and expand the investor base, enabling the exchange to outperform regional and global peers.

OIA’s IPO program has been central to this expansion. The 2023 listing of Abraj Energy Services raised about USD 244 million, the largest IPO since 2010, while OQ Gas Networks’ USD 749 million listing attracted more than USD 10 billion in orders. Investors included Fluxys Belgium and entities backed by Saudi Arabia’s Public Investment Fund and the Qatar Investment Authority, highlighting global confidence in Oman’s market.

Momentum continued through 2024 and 2025 with listings by OQ Exploration and Production (USD 2.5 billion), OQ Biodiesel and Industries (USD 490 million), and ASYAD Shipping, the maritime arm of Asyad Group, which raised USD 333 million and marked the entry of Oman’s logistics sector into public trading.

To sustain growth, OIA launched the Tanmia Liquidity Fund in 2024 with USD 130 million in capital, expanding it to USD 390 million by mid-2025. Managed by Tanmia, United Securities, and Ubhar Capital, the fund supports market stability and liquidity.

“OIA’s strategic vision has strengthened MSX through improved governance, transparency, and trading efficiency,” said Haitham Al Salmi, CEO of MSX. Supported by regulators, national programs, and leading banks, Oman’s capital market has grown into a diversified platform with record trading and rising global participation, positioning MSX as a key driver of investment and modernization.

Contact: 

OIA Press Office
+968 92278104
[email protected]
www.oia.gov.om

Photo: https://mma.prnewswire.com/media/2814557/Oman_Muscat_Exchange.jpg

Veteran crypto venture firm with over $600 million in AUM launches fourth fund to back the next generation of founders building the future with blockchain

CHICAGO, Nov. 5, 2025 — CMT Digital, a leading global venture capital firm focused on early-stage investments that accelerate the adoption of blockchain technology, today announced the close of its fourth venture fund at $136 million. Fund IV will invest in founders building the infrastructure and applications driving the next phase of crypto adoption, at a time when regulators are clarifying digital asset frameworks and institutional participation is expanding.

“Since launching our venture practice in 2017, our mission has been to back outlier founders with bold visions made possible by public, decentralized blockchains. Eight years in, the value creation, deep partnerships, and impact we’ve experienced have exceeded every expectation, yet it still feels like the journey is just beginning,” said Sam Hallene, Partner at CMT Digital. “As the world continues to move on chain, we believe the most transformative ideas are still ahead. With fresh capital, trusted partners, and a proven platform, we’re ready to help the next generation of visionaries build.”

Investing Through Market Cycles

CMT Digital has invested in crypto since 2016, deploying capital through multiple market cycles. As a division of CMT Group, a diversified investment firm with more than 25 years of experience, CMT Digital leverages deep trading expertise to identify infrastructure that endures beyond short-term trends. Guided by in-house research, the firm produces original analysis to inform its strategy and help portfolio companies scale.

With over $600 million in assets under management and a presence across the U.S., APAC, and Europe, CMT Digital has a long history of identifying category leaders early. The firm backed Coinbase, Circle, and Figure prior to their public listings and has invested in fast-growing platforms such as FalconX, Ethena, Maple, Zero Hash, Coinflow, and Andrena.

A Decade of Evolving with the Industry

Across four funds, CMT Digital has identified and supported the foundational infrastructure behind each phase of crypto adoption:

• Fund I – Establishing Access: Backed the first platforms that gave retail and institutions credible entry points into crypto.
  • Coinbase, Circle, BitGo, Figure, FalconX, Strike
• Fund II – Building Onchain Infrastructure: Focused on the core rails for on chain capital movement— wallets, data, on chain credit markets, and emergent opportunities like gaming.
  • Consensys, dYdX, Pyth, Maple, Sky Mavis
• Fund III – Expanding Utility: Invested in payments, decentralized infrastructure, and consumer applications moving crypto beyond speculation.
  • Ethena, EtherFi, Superstate, Hypernative, Coinflow, Andrena
• Fund IV – Re-architecting Finance: Backing founders building blockchain-native infrastructure for global markets.
  • 10 investments to date, including FortyTwo, 1Money, D2X, Winston Artory Group, Odysseus, Zylu

Fund IV continues CMT Digital’s decade-long thesis, from access and infrastructure to utility and now the re-architecture of global finance.

What Founders Say About Working With CMT Digital

“We’ve really enjoyed having CMT Digital as partners. They participated across several rounds, from seed to public sale,” said Guy Young, Founder and CEO of Ethena. “They’ve brought value in several ways, be it through various introductions or hands-on product feedback. They saw our vision from day one and have stuck with us through the ups and downs.”

“CMT Digital has been a great partner to us. They combine investment discipline with deep product involvement, supporting our team beyond capital,” said Raghu Yarlagadda, Co‑Founder and CEO of FalconX. “Since 2019, they have provided valuable feedback on our product roadmap and continual support on initiatives such as fundraising and hiring. We could not be happier to have had CMT Digital in our corner all these years.”

“CMT Digital led our seed round in January 2024. Their diligence process was intense, and it showed a true desire to understand our business at a core level. Their investment kicked off a relationship that can only be described as a partnership in its truest sense,” said Dan Lev, Co-Founder and CEO of Coinflow. “Yes, they deeply understand our business and are able to add a ton of value through customer introductions and vendor introductions, but they’re also there for us every step of the way in the more human level of business building. They’ll pick up my call any time and give thoughtful feedback. Business building can at times be a lonely endeavor, but I know for us at Coinflow it is less so given the partnership with the CMT Digital team. I could not recommend CMT Digital as an investor enough.”

For more information, please visit cmt.digital.

About CMT Digital

CMT Digital is a crypto-focused venture capital firm built on nearly a decade of blockchain investing and decades of trading expertise. Founded in 2017, we were one of the earliest investment firms to allocate capital into the digital asset ecosystem. Since then, we have invested in over 200 blockchain and crypto-focused businesses, protocols, and tokens to date. We are investors in notable companies that are expanding the frontiers of web3, including Circle, FalconX, Figure, Strike, Coinbase, Crusoe, Consensys, Alliance, Hypernative, Ethena, Coinflow, and Andrena.

CMT Digital is a division of CMT Group, a diversified investment firm that has operated for more than 25 years across public and private equity, debt, real estate, technology, and digital assets.

For informational purposes only, nothing herein should be construed as investment advice nor an offering to buy or sell any security or investment. Any investments or portfolio companies discussed are not representative of all investments of CMT Digital and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar results.The quotes provided represent selected perspectives from CMT Digital’s portfolio companies.It is not intended for prospective investors as a reflection of CMT Digital’s investment advisory services and should not be considered an actual or implied endorsement of any advice, analysis, report, or other service rendered by CMT Digital.

SOURCE CMT Digital

AUSTIN, Texas, Nov. 5, 2025 — Billd, the leading provider of financial solutions for commercial subcontractors, today announced it has raised $7.3M in strategic funding. The round was led by MissionOG, a growth equity firm with deep expertise in FinTech and lending, with additional participation from existing investors HighSage Ventures and RJT Credit.

This funding will accelerate the development and launch of additional capital solutions including Predictable Pay, an early pay program designed in collaboration with general contractors that gives subcontractors access to faster, more predictable payments.

“Cash flow instability caused by payment unpredictability is one of the biggest threats to a subcontractor’s business,” said Chris Doyle, founder and CEO of Billd. “Early pay programs are one way subcontractors can bring more predictability to their payments and create a more resilient business. This investment helps support our long-term goal of developing financial solutions that empower subcontractors to do the best work of their lives.”

“We continue to be impressed with Billd’s ability to create scalable, practical solutions that have meaningful impact on the construction industry,” said Andy Newcomb, managing partner at MissionOG. “We are confident in the team’s ability to help subcontractors achieve their goals and proud to continue supporting Billd as they drive innovation in construction finance.”

Doyle said, “With early pay programs like Predictable Pay, Billd is providing general contractors with a way to help solve the issue of payment dysfunction in construction. We’re proud to have partners that continue to support us on our mission to bring more predictability to subcontractor payments as we approach our billion-dollar funding milestone.”

About Billd: Billd stands alone as a partner that truly champions the subcontractor. Founded in 2018 by two industry veterans in both construction and finance, Billd’s construction-specific financial and payment products empower subcontractors to overcome the impacts of the longstanding broken payment cycle in construction. Billd offers access to working capital solutions to cover subcontractors’ most pressing costs, including materials and labor, providing flexible credit to accommodate the unpredictability of cash flow in construction. Billd’s patented analytic and financing methodology allows subcontractors to stabilize cash flow and more effectively grow their businesses. Learn more at Billd.com

For press inquiries contact [email protected]

SOURCE Billd

SAN FRANCISCO and BIRMINGHAM, England, Nov. 5, 2025 — A year after first opening up free legal templates to the world, GitLaw is taking its next major step toward making legal documents accessible to everyone. The San Francisco–based AI company, founded by entrepreneur Nick Holzherr, has raised a $3 million pre-seed round to power the launch of its agent – part of GitLaw’s platform built for startups and small businesses, not law firms – that helps teams draft, review, and negotiate contracts in minutes, for free.

Unlike generic AI tools, GitLaw’s agent is powered by a library of more than 1,000 lawyer-approved templates contributed and vetted by verified legal experts across the US and UK. This ensures that every document is grounded in trusted legal standards, not generic AI outputs.

The $3M pre-seed round, announced today alongside the Agent launch, was led by Jackson Square Ventures, with participation from Flex Capital, Background Capital, and several angel investors. The funding has fuelled GitLaw’s product development and AI platform expansion across the US and UK.

Greg Gretsch, Founding Partner and Managing Director of Jackson Square Ventures, says, “The market for legal services is enormous and badly underserved, especially for startups and small businesses that can’t afford traditional legal help. GitLaw is tackling that gap with a product that’s as transformative as it is accessible.

“Nick has a rare combination of technical depth and market vision and we have no doubt he’ll drive GitLaw to be the go-to legal infrastructure for this part of the market.”

Making legal automation accessible

Founded by serial entrepreneur Nick Holzherr, GitLaw is headquartered in San Francisco and operates with a distributed team across the US and UK. Built specifically for startups and small businesses, the company’s mission is to make access to legal documents radically more accessible through AI-driven automation – helping founders create professional-grade contracts instantly, without needing a big budget or legal background.

GitLaw’s agent allows startups to instantly draft, redline, and review agreements, from NDAs and SaaS contracts to investor terms, all based on lawyer-vetted templates. It delivers ready-to-use contracts in minutes and can instantly review or compare incoming agreements against trusted legal standards.

More than 80% of small businesses in the United States do not have in-house legal support, and outsourcing that expertise can cost growth-stage startups upwards of $20,000 a year in legal contracts, compliance, and investor paperwork. GitLaw’s goal is to automate 80–90% of that work, significantly reducing this cost for startups and small businesses, while preserving high accuracy and security.

“Commercially-minded lawyers won’t be out of work, but most day-to-day contract work can now be done faster, cheaper, and often more accurately by automation,” says Nick Holzherr, GitLaw’s Founder and CEO.

Legal AI, built for business

While many founders are turning to tools like ChatGPT to review or generate contracts, Holzherr warns that this approach is risky. “Generic AI tools speak with extreme confidence but their answers often have serious flaws,” says Holzherr. “For example, some only read a fraction of a contract, but still claim to have read it all. I’ve been really surprised at how lazy some of the tools are, probably because they’re trying to save tokens (their cost), and that’s dangerous when legal precision matters.”

GitLaw takes a more rigorous approach. Its agent orchestrates multiple AI models and workflows behind the scenes, mirroring how a human lawyer would handle a task – comprehensively and methodically.

Democratizing legal and empowering founders

“When I founded my first startup, I was shocked by our first legal bills,” says Holzherr. “We were spending thousands on contracts before we had an income. It made me realise how stacked the system is against small teams.

“Legal work shouldn’t take six weeks for a three-day project, and businesses shouldn’t have to choose between moving fast and staying legally safe. GitLaw is my way of fixing that, helping founders get professional-quality contracts instantly without needing a big budget.”

Built for businesses rather than law firms, GitLaw delivers tools to help users prepare agreements efficiently with minimal micromanagement or prior legal knowledge, so founders and teams can get on with business, not legal busywork.

GitLaw’s free plan is available now at git.law, giving startups and SMEs immediate access to its legal document library and contract automation tools.

Notes to editors

• GitLaw was founded in 2025 with a mission to radically democratize access to legal documents with free and immediate access to contracts.
• The company’s first release offered hundreds of free legal templates contributed by organizations, lawyers, law firms, and investors.
• GitLaw’s agent uses that foundation with AI-powered automation, collaboration tools, and enhanced usability.
• GitLaw is backed by Jackson Square Ventures, Flex Capital, Background Capital and a number of angels. With operations in the US and UK, it’s driven by a cross-Atlantic mission to make legal resources simpler, smarter, and accessible to businesses everywhere.
• GitLaw is not a law firm and does not provide legal advice.

About GitLaw

GitLaw is the AI legal companion made for business. It helps startups and growing companies instantly generate contracts, review legal documents, and understand legal terms in plain English. Built by the team behind Whisk (acquired by Samsung), GitLaw thinks like a lawyer using structured reasoning, trusted templates and smart automation to make legal work faster, simpler, and more affordable. With instant drafting, tracked changes, secure storage, and renewal reminders, GitLaw reduces the time spent on legal busywork.

For more information, visit git.law

Logo – https://mma.prnewswire.com/media/2813524/GitLaw_Logo.jpg

SOURCE GitLaw

Led by Wellington Management and Y Combinator, Cactus brings 24/7 AI operating system technology to home service businesses to automate customer calls, scheduling, and follow-ups

SAN FRANCISCO, Nov. 5, 2025 — Cactus, the AI copilot built to power home service businesses, today announced it has raised $7 million in seed funding, backed by Wellington Management, Y Combinator, Pelion Venture Partners, Rebel Fund and additional strategic investors.

Cactus brings conversational AI to one of the last offline industries: home services. From HVAC and plumbing to electrical and contracting, most small teams still juggle calls, scheduling, and follow-ups manually. Cactus gives them an always-on copilot that manages customer communication end-to-end, expanding capacity without additional staff.

“It’s never fun to call a plumber, but hearing how natural and friendly the AI sounds has been amazing. Our customers often don’t realize they’re not speaking with a real person,” said Erin Smith, co-owner of Blue Best Plumbing, Heating & Air Generators in Salt Lake City, Utah.

The $657 billion U.S. home services market remains largely powered by phone calls and spreadsheets, with up to 30% of inquiries arriving after hours. Cactus solves this with a 24/7 AI platform that answers, qualifies, books, and follows up automatically—ensuring every customer gets a response and every opportunity is captured.

“Even with modern CRMs, most home service businesses lose jobs at the first touchpoint,” said Ajith Govind, co-founder and CEO of Cactus. “Cactus ensures every inquiry gets handled instantly and professionally, helping small teams perform like enterprise operations.”

Unlike basic AI call-answering tools, Cactus includes built-in follow-up via phone, email, and text, enabling providers to rebook recurring jobs, send reminders, and nurture repeat business. This “aftercare automation” helps service pros retain customers and build predictable, subscription-like revenue.

“AI isn’t valuable unless it solves a real problem,” said Avinash Joshi, co-founder and CTO. “Every line of code is built to remove friction so business owners can focus on growth, not admin.”

Founded by two-time Y Combinator founders Govind and Joshi, Cactus has seen rapid adoption among home service professionals seeking scalable, affordable ways to handle customer communication. Early users report booking rates doubling and customer satisfaction improving—all without additional staff. The new funding will support platform expansion and go-to-market growth across the U.S.

“We see tremendous opportunity to introduce AI infrastructure to a multibillion-dollar market that is largely underserved by modern technology,” said Sasha McKenzie, Deal Lead, Wellington Access Ventures. “Cactus is at the forefront of this transformation, turning routine business operations into fully automated, revenue-generating systems.”

About Cactus
Cactus is an AI copilot built for home service businesses. The platform uses conversational AI to answer calls, qualify customers, book jobs, and follow-up automatically, helping small business owners capture more leads and retain more clients, all without hiring additional staff. Cactus is redefining how service businesses operate, empowering owners to focus on their craft while AI handles the rest. To learn more, visit www.oncactus.com.

SOURCE Cactus

The round, which includes Bullhorn Ventures, will build on Boostie’s talent marketing momentum

LAFAYETTE, Colo., Nov. 5, 2025 — Boostie, the automated talent marketing platform built for staffing agencies and corporate talent acquisition teams, today announced it has secured a small, $500,000 seed round to accelerate product development and expand sales and marketing efforts.

Boostie helps recruiting teams drive more quality applicants and faster placements by automating the marketing activities that happen before recruiting begins. This includes everything from candidate rediscovery and automated engagement to e-comm inspired job applications and AI-driven applicant insights.

“This is all about acceleration,” said Travis Arnold, co-founder and CEO of Boostie. “Recruiting teams – whether in-house or agency – are sitting on gold in their ATS and websites, but they just don’t have the tools to turn them into hires. This round lets us build faster, innovate faster and help our customers hire faster.”

With the new funding, Boostie has already expanded its engineering team and plans to accelerate its roadmap across its core product areas – workflows, candidate engagement, candidate conversion, and web analytics – while increasing visibility through sales and marketing initiatives.

The Boostie platform has quickly gained adoption among staffing and corporate TA teams, delivering measurable results across the talent marketing funnel:

• Helping companies quantify applicant fraud and ineligibility (avg. 28.7% bots/spam or ineligible)
• Rediscover existing candidates and past applicants in the ATS (36% avg. new applicants from existing data)
• Improved applicant experiences (avg. 63.7seconds to apply; avg. applicant completion of 91.52%)
• One-click workflows to create talent pools and re-engage applications

Boostie was founded in 2023 by former Herefish co-founders Travis Arnold and Kevin Jones, along with Chris Dues, all veterans in the staffing & hiring technology space.

Investors in the round include: Bullhorn Ventures, Tim Glennie, Travis Arnold and other strategic investors.

Boostie’s vision is to help recruiting teams own their talent funnels end-to-end. Instead of relying on job boards for visibility, Boostie activates the data companies already have – ATS records, career site visitors, and applicant interactions – to attract, engage, and convert qualified candidates through automation and AI.

The platform integrates with existing ATS’ and website data to automate job marketing, detect fraudulent applicants, and surface real candidates ready to hire – helping recruiting teams own their talent funnel rather than relying solely on job boards.

For more information about Boostie, visit boostie.com or follow @getBoostie on LinkedIn.

About Boostie

Boostie is an automated talent marketing platform that helps recruiting teams attract, engage, and convert more qualified applicants. The platform connects job data, engagement tools, and application flows to deliver faster placements with less waste. Boostie empowers teams to activate their own data, automate outreach, and eliminate friction in the hiring funnel – from awareness to application.

SOURCE Boostie

From Prospecting to Deal Close, CommanderAI Takes the Stink Out of Waste Hauling Sales

LOS ANGELES, Nov. 5, 2025 — CommanderAI, the prospecting-first sales platform built for waste haulers, today announced a $5 million seed round led by 11 Tribes Ventures & Watchfire Ventures, with participation from additional strategic investors. The funding will accelerate CommanderAI’s go-to-market strategy and product innovation, providing waste haulers with the actionable intelligence needed to identify, target, and win new business opportunities faster.

The company’s core technology and deep industry expertise are proving essential in a multi-billion dollar market that has been traditionally overlooked by technology providers. Over the past 90 days, CommanderAI has welcomed dozens of new waste hauler customers and uncovered more than 30,000 leads that would have otherwise gone unnoticed.

The End of Spreadsheet Selling

“I spent five years in waste industry sales using nothing but spreadsheets and determination. I faced the same challenges our customers struggle with each day, and that frustration inspired me to build CommanderAI,” said David Berg, CEO of CommanderAI. “We are bringing the combined power of AI and industry expertise to a sector that is primed for disruption. This funding round supercharges our mission of helping haulers find and sell to the right people in a clear and straightforward way.”

Today, waste haulers rely on cold-calling unqualified leads, door-knocking, marginal contact intelligence, and spreadsheets for opportunity tracking. Teams lack practical technology and are burdened by complex, costly CRMs and data platforms that aren’t built for hauling workflows. This results in slow time-to-opportunity, missed jobs, and empty routes. CommanderAI changes this dynamic by rapidly turning signals into meetings, quotes, and placements.

“Working with CommanderAI has completely transformed our sales process and driven a significant boost in revenue,” said Gary Altunyan, Founder, Easy Waste Management. “It’s a powerful platform that eliminates guesswork, proving that technology is the new engine for growth in our industry.”

Investor’s View: Immediate Wins and a Clear Roadmap

Investors point to the company’s ability to deliver immediate customer wins and the vast market opportunity as key drivers for their investments.

“CommanderAI is bringing highly functional AI to the waste industry. By turning live local signals into qualified opportunities, the team is giving waste haulers a faster path to revenue,” said Mark Phillips, Founder & Managing Partner at 11 Tribes Ventures. “The company’s ability to deliver customer victories almost instantly after adoption proves out their technology and market fit. That velocity, combined with a leadership team and CEO that are dedicated to a culture that is deeply humble, hungry, and smart made our investment an easy decision.”

“In an industry where adoption is typically slow, the speed and intensity of CommanderAI’s customer pull is rare to see,” said Devon O’Rourke, Founder & Managing Partner, Fluvio Ventures. “Unlike Salesforce or HubSpot, Commander was purpose-built for the fragmented, boots-on-the-ground world of waste management. CommanderAI’s early traction demonstrates the immense value in a traditional sector that others have overlooked.”

CommanderAI is now available nationwide. For a demo or more information, please visit commanderai.com.

About CommanderAI

CommanderAI brings AI-powered sales to waste management and is designed to expand into similar underserved verticals. The company’s sales intelligence platform is purpose-built to help businesses find and sell to the right people so they can rapidly accelerate growth and scale. Learn more at commanderai.com.

About 11Tribes Ventures

11Tribes Ventures is an early-stage venture capital firm investing in high-conviction founders building practical, high-impact technology. The firm partners closely with entrepreneurs to accelerate growth and product execution.

SOURCE CommanderAI

LONDON, Nov. 5, 2025 — Doughlicious®, the award-winning international cookie dough brand known for its innovative, snackable novelty treats, is proud to announce an investment from Future Back Ventures by Bain & Company. This partnership represents another major milestone in the brand’s rapid global growth and continued momentum within the better-for-you indulgence space.

Future Back Ventures invests in high-potential businesses founded or led by former Bain & Company professionals. The fund invests across the globe and in different industries, with Doughlicious being their first CPG investment given its alignment with the fund’s focus on forward-thinking ventures that are reshaping industries or categories and resonating deeply with consumers. Doughlicious’ Chief Financial Officer and Co-Founder, Dan Bricken, is a Bain alumnus whose experience at the firm was formative early in his career and continues to influence his approach to leadership and strategic growth.

“It’s incredibly humbling to receive the support of Future Back Ventures. Bain & Company has played such an important role in my professional journey, and I’m thrilled to have them involved,” said Dan Bricken, CFO of Doughlicious. “Their belief in Doughlicious and our mission to reimagine cookie dough as a modern, feel-good indulgence is both personally meaningful and exciting for what’s ahead for our business and brand.”

The investment will help fuel Doughlicious’s continued expansion in the U.S. and globally, following a series of significant growth milestones, including new retail partnerships, product innovation, and an expanding team. The brand recently launched in over 1,000 Kroger stores across the U.S., making its clean ingredients and great tasting frozen dough bites more accessible than ever.

“Doughlicious is a standout example of a purpose-driven, high-growth brand disrupting a traditional category with creativity, innovation, and integrity,” said Ann Scott-Plante, the Head of Future Back Ventures by Bain & Company. “We’re thrilled to support Dan, Kathryn, and the Doughlicious team as they bring joy and quality to consumers worldwide.”

Founded in London by Kathryn Bricken, Doughlicious has quickly gained a passionate following for its clean-label, gluten-free, and sustainable approach to indulgence, crafted from premium ingredients and available in a range of delicious flavors.

With support through Future Back Ventures, Doughlicious continues to cement its place as a global leader in the next generation of better-for-you treats.

About Doughlicious The London Dough Co.:
Doughlicious is a proudly female-founded and operated business on a mission to redefine the cookie dough experience by creating the ultimate snackable treat. Focused on better-for-you ingredients and sustainable practices, the brand brings a fresh perspective to the frozen snackable treat category. Doughlicious’ frozen cookie dough & gelato bites are certified gluten-free, free from added refined sugars and white bleached flour, and contain no artificial additives or preservatives. Doughlicious products are available in over 8,000 retail stores across the US, UK, parts of Europe and the Middle East. For more information, visit https://doughlicious.co.uk/, Instagram and TikTok. 

About Bain & Company Future Back Ventures (FBV)
Future Back Ventures by Bain & Company invests in promising, early stage, Bain Alumni-led companies and provides portfolio companies access to the best of Bain through strategic consulting support, talent, community, tools, and resources.

Media Contact:
Whitney Spielfogel
[email protected]
+1-516-316-4201

SOURCE Doughlicious®

The round, led by Goldman Sachs Alternatives and A91 Partners, underscores MoEngage’s global momentum, fueled by enterprises moving beyond legacy marketing clouds. The company’s North America business doubled over the past year, now contributing the largest share of revenue.

SAN FRANCISCO, Nov. 5, 2025 — MoEngage, the insights-led customer engagement platform for consumer brands, today announced that existing investor Goldman Sachs Alternatives and new investor A91 Partners have invested $100 million as the company continues its rapid global expansion, with North America now contributing the largest share of its revenue. With this round, MoEngage’s total funding exceeds $250 million, further solidifying its position as one of the trusted AI-driven customer engagement platforms globally.

The funding will accelerate innovation across MoEngage’s Customer Engagement Platform, with a focus on expanding Merlin AI —a suite of AI Agents, including its newer Offer and Campaign Decisioning Agents, that help marketing and product teams at B2C brands launch campaigns faster and scale conversions with AI Decisioning. Glance, for example, reduced campaign go-live times by 50 percent using Merlin AI. MoEngage will also expand its go-to-market and customer success teams in North America and EMEA to support continued growth.

“Our global momentum on top of our category leadership in Asia, is a validation that consumer brands are moving beyond legacy marketing clouds. Over 300 enterprises worldwide have turned to MoEngage for its ease of use and AI-led agility, achieving time-to-value within weeks of migration. These enterprise migrations have accelerated our growth in the North America and EMEA regions,” said Raviteja Dodda, CEO and Co-founder, MoEngage. “We are excited to partner with Goldman Sachs and A91 Partners in this journey,” he added.

“MoEngage has been an incredible partner in our growth journey,” said Hope Barrett, Sr. Director of Martech at SoundCloud. “Their platform enabled us to seamlessly migrate more than 120 million users in just 12 weeks and leverage AI-driven insights to accelerate product launches that have strengthened retention across our paid user base.”

Rajat Sood, a Managing Director at Goldman Sachs Alternatives, said, “Our investment in MoEngage reflects Goldman Sachs’ commitment to backing category-leading technology platforms that are leveraging AI for serving enterprises globally. By leveraging our global network, expertise, and capital, we look forward to helping the company accelerate growth, expand into new markets, and deliver lasting value to its customers.”

Kaushik Anand, Partner at A91 Partners, added, “We have gotten to know the MoEngage team over the last six years and have been impressed by their ability to constantly innovate and expand their product offerings. We are excited to back MoEngage as they look to scale their global customer footprint by empowering marketing and product teams with cutting-edge technology to build and retain customer relationships.”

About MoEngage

Bengaluru and San Francisco Headquartered, MoEngage is an insights-led customer engagement platform, trusted by over 1,350 global consumer brands including SoundCloud, McAfee, Flipkart, Kayak, Domino’s, Deutsche Telekom, Travelodge, and more. MoEngage empowers marketers and product owners with insights into customer behavior and the ability to act on those insights to engage customers across the web, mobile, email, social, and messaging channels. Its Merlin AI suite, a team of AI agents, enables marketers to launch campaigns faster and scale conversions with AI Decisioning. Consumer brands across 75 countries use MoEngage to power digital experiences for over 2 billion people every month.

MoEngage recognized as “Customers’ Choice” in Gartner Peer Insights™ Voice of the Customer for Multichannel Marketing Hubs, May 2025

MoEngage was recognized as a “Strong Performer” in The Forrester Wave™: Cross-Channel Marketing Hubs, Q4 2024.

To learn more, visit www.moengage.com

About Growth Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. 

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than $3.1 trillion in assets under supervision globally as of December 31, 2024.  

Since 2003, Growth Equity at Goldman Sachs Alternatives has invested over $13 billion in companies led by visionary founders and CEOs. The team focuses on investments in growth stage and technology-driven companies spanning multiple industries, including enterprise technology, financial technology, consumer and healthcare. Follow us on LinkedIn.

About A91 Partners

Founded in 2018, A91 Partners is an investment firm which manages $1.5B and invests across consumer, technology, financial services and healthcare sectors in India. A91 partners with entrepreneurs building enduring businesses for tomorrow’s India. Select current investments include Digit General Insurance, Atomberg, Exotel, Kaar Technologies, Blue Tokai and Finbox. https://a91partners.com/

SOURCE MoEngage