Fintech pioneer bringing the Financial OS for the $650B U.S. home services industry to the global fintech stage in Las Vegas.

SAN FRANCISCO, Oct. 6, 2025 — iWallet®, the Financial Operating System for the home services industry, today announced it has been selected to pitch in the Startup Hub Competition at Money20/20 USA, the world’s leading fintech conference. The event will take place October 26–29, 2025 in Las Vegas, where iWallet will showcase its category-defining innovation to investors, partners, and global media.

iWallet digitizes payments, financing, and reconciliation for contractors, distributors, OEMs, and consumers — a $650B vertical that remains largely paper-based and underserved by modern financial infrastructure. The company has surpassed $1 billion in gross payment volume (GPV) including committed transactions, is cash-flow positive and fully bootstrapped, and continues to grow more than 3× year-over-year.

“We’re honored to be recognized by Money20/20,” said Jim Kolchin, Founder and CEO of iWallet. “Fintech has transformed retail and restaurants, yet the massive home-services industry is still running on paper checks and manual workflows. iWallet is changing that — we’re building the Financial OS that connects every layer of the ecosystem: distributors, OEMs, contractors, and consumers.”

The Financial OS for Home Services

iWallet’s patented and patent-pending technologies unify every critical financial workflow in home services:

• Payments and Reconciliation – mobile check deposit, Tap-to-Pay, automated reconciliation, and real-time reporting.
• Risk & Trust Engine – dual underwriting with regulated partner Paya, distributor verification, live-video onboarding, and AI-driven monitoring that keeps fraud losses near zero.
• AI Recovery Layer – large-language-model technology that generates compliant recovery communications and has already enabled successful fraud recovery in production.
• Lending & Rebates – embedded financing and rebate automation that help OEMs manage incentive programs and distributors reduce DSO.
• FSM Integration – processor-agnostic architecture that connects seamlessly with any field-service-management platform.

Together, these components make iWallet a comprehensive Financial Operating System for one of the largest yet least-digitized sectors of the U.S. economy.

About the Competition
Money20/20’s Startup Hub Pitch Competition showcases the world’s most promising early-stage fintech innovators. Each company is given five minutes on stage to present its problem, solution, traction, and vision before an audience of investors, corporate strategics, and the global press.

About iWallet^®
iWallet® is the Financial Operating System for the $650B U.S. home services industry. Built for HVAC, plumbing, appliance repair, and other field-service businesses, iWallet digitizes payments, contracts, and financing at the point of service. The company operates across all four stacks of the ecosystem — distributors, OEMs, contractors, and consumers — with more than $1 billion in committed payment volume. iWallet is cash-flow positive, bootstrapped, and growing 3× annually. Founded by serial entrepreneur Jim Kolchin, iWallet is headquartered in San Francisco, CA. Learn more at www.iwallet.com.

Media Contact:
Carla Santana
(866) 376-4880
[email protected]

SOURCE iWallet

KYIV, Ukraine, Oct. 6, 2025 — Ukraine-Moldova American Enterprise Fund (UMAEF, Fund) announces its investment in Fintech-IT Group, a leading developer of digital banking software in Ukraine, propelling the Company to a $1.0bn valuation in this growth equity round, achieving unicorn status and becoming the first FinTech unicorn out of Ukraine. UMAEF joins Fintech-IT Group founders Oleg Gorokhovskyi and Mykhaylo Rogalskyi, as the Company’s first financial investor and only non-founding shareholder. In addition to its direct investment, the Fund leads a consortium of American private investors investing alongside UMAEF.

Fintech-IT Group develops integrated software solutions for digital banking and is the software developer behind monobank – the #1 neobank in Ukraine, #2 retail bank overall, as well as one of the most successful neobanks globally. For two consecutive years, monobank has been listed among the world’s top 250 FinTech companies and top 35 global neobanks by CNBC. With 9.9m clients as of September 2025, it consistently maintains the highest NPS rating in the Ukrainian banking sector, receiving multiple awards annually. Fintech-IT Group’s technology also empowers tens of thousands of small and medium-sized enterprises (SMEs) in Ukraine to accept digital payments seamlessly, thus supporting the development of the SME ecosystem in the country.

“With this investment, UMAEF is expanding its existing portfolio of FinTech investments made through u.ventures, investing in a local leader launched and grown by best-in-class Ukrainian founders”, said Jaroslawa Z. Johnson, President and Chief Executive Officer of UMAEF. “Fintech-IT Group is a striking example of this strategy, achieving outstanding results in Ukraine’s financial services sector, and leading in technological advancement and customer satisfaction. The Company’s success is yet another testament to the strength of the Ukrainian tech ecosystem, depth of its technical talent, know-how and ingenuity.  Ms. Johnson ended by stating, “UMAEF has a long-standing history of investing into innovative FinTech companies with world-class ambition, as well as traditional banks, providing us with the capabilities to support Fintech-IT Group’s founders as they lead the Company through its next stage of high growth”.

UMAEF was created by the U.S. Congress in 1994 and is proud of its over 30-year history investing in enterprises in Ukraine and Moldova. UMAEF is a Delaware corporation governed by experienced American business professionals with initial funding of $150 million provided by the U.S. government.

“For over 30 years, we have prioritized investments to companies and projects in Ukraine that both generate returns for U.S. stakeholders, as well as promote the purchase of U.S. goods and services”, continued Dennis A. Johnson, Chairman of UMAEF’s Board of Directors (unrelated to Ms. Johnson). “By continuing to invest in Ukraine,  despite the full-fledged invasion in February 2022, we are paving the way for U.S. investors to invest in Ukraine’s future reconstruction, recovery and renewal. UMAEF was compelled to invest in Fintech IT-Group based on its strong fundamentals, high growth profile and blending of tech and finance in a sector of high interest to U.S. investors and already partnering with major U.S. companies, including Visa and Mastercard. We believe that UMAEF’s investment will provide comfort for other major U.S. investors to enter the Company – potentially at IPO on a leading U.S. stock exchange – and support the opening of a U.S. office.”

With the funds raised as a result of this growth equity round, Fintech-IT Group intends to continue investing into further developing its solutions and expanding the product suite, including financing and business services for SMEs, for the benefit of nearly 10 million Ukrainians using its products.

About Fintech-IT Group

Fintech-IT Group is a technology company developing integrated software solutions for digital banking and is the software developer behind monobank – the #1 neobank in Ukraine, today serving 9.9 million clients.

About UMAEF

Ukraine-Moldova American Enterprise Fund (UMAEF), formerly known as Western NIS Enterprise Fund (WNISEF), was created by the U.S. Congress in 1994, and is a leading regional fund, with over three decades of successful experience in Ukraine and Moldova (the “Region”). UMAEF’s mission focuses primarily on providing loans and equity to enterprises operating in sectors of interest to U.S. investors in the Region. UMAEF has invested $190 million in 143 companies, employing over 27,000 people in Ukraine and Moldova. Since inception, UMAEF has received $150 million in U.S. government funding, unlocking an estimated $2.4 billion in total capital for Ukrainian and Moldovan companies.

CONTACT:
Pavla Zahrebelnoho Street, 4,
Kyiv 01042, Ukraine
Т: +38 044 490 5580
F: +38 044 490 5589
[email protected]

175 West Jackson Blvd, STE 1640
Chicago, IL 60604
Tel: + 1 312 939 7003
Fax: +1 312 939 7004

www.umaef.org

SOURCE Ukraine-Moldova American Enterprise Fund (UMAEF)

LOS ANGELES, Oct. 3, 2025 — The Plug Drink (“The Plug”), the leading plant-based liver health supplement brand, is proud to announce that it has raised $5mm in equity and debt funding to propel its next phase of growth. The Plug’s Venture Round has spanned the past 14 months, during which it strengthened its position in the functional wellness market by launching The Plug Pill Jar in June 2025 and expanding into all Total Wine & More locations nationwide in September 2025.

This future capital will increase marketing investment and set the stage for further retail rollouts. The company is keeping its Venture Round open for additional strategic investors, as it brought in Korean Venture Funds earlier this year, and looks to accelerate its expansion and brand positioning.

Order The Plug Pill Jar Now

A Track Record of Investor Backing

“Our focus has always been on scaling the business with the right resources and trusted partners,” said Justin Kim, Co-Founder and COO. “We’re grateful for the incredible support received so far, and — with the round still open — we’re looking forward to bringing in a handful of additional strategic investors who share our vision for making liver health an everyday priority.”

What’s Next for The Plug

The Plug is now in the final stages of a milestone project to unlock a 40% increase in gross margins, along with innovating around new packaging formats and ingestion methods using its proprietary herbal recovery formula, keeping consumers engaged with science-backed wellness solutions.

The company recently announced to its subscribers a partnership with a $500mm nutrition telehealth company and celebrated its first profitable month in August 2025. By focusing on education, product innovation, and mainstream accessibility, The Plug is on track to become a household hero brand for liver health and beyond.

“With momentum on our side — profitable growth, retail expansion, and new partnerships — we’re building something that has staying power,” said Ray Kim, Co-Founder and CEO. “As we continue to connect with the right capital partners, we’re confident about where The Plug is heading for the rest of 2025 and beyond.”

About The Plug

The Plug, the leading all-natural liver health supplement brand, was founded in 2019 by brothers Ray and Justin Kim. After recognizing both the rise of fatty liver disease — which currently affects 1 in 3 Americans — and South Korea’s advancements in herbal recovery innovations, the brothers set out to bring a modern wellness solution to the U.S. market. Starting with The Plug Drink and later adding pill formats, the brand has grown with a strong digital presence and retail distribution across major U.S. cities.

Press Contact:
Justin Kim
[email protected] 

SOURCE The Plug Drink

LOS ANGELES, Oct. 3, 2025 — Wave Function Ventures is excited to announce the final close of its $15M Fund I. Wave Function was created to partner with deep tech founders building hardware solutions to the world’s most important problems.

Wave Function Ventures was started by industry veteran and solo GP Jamie Gull. Jamie has done it all; he’s built hardware, founded companies, raised venture capital, won contracts with the DoD, and ultimately exited companies. He is a former SpaceX engineer who played a key role on Falcon 9 reentry, designed and built aircraft at Scaled Composites, and cofounded and sold his own deep tech company, Talyn Air, a company that successfully went through Y Combinator. With this experience he is uniquely positioned to be the right thought partner for early stage founders at the most critical stage of their company building.

Wave Function invests across critical ‘deep tech’ sectors such as aerospace, defense, energy, robotics, and infrastructure and partners with founders at the earliest stages. In some cases, Wave Function will invest pre-incorporation, where Jamie can help founders shape rough ideas into compelling product plans and visions. Fund I has already made nine investments spanning those sectors, and the portfolio has shown strong traction, including multiple follow-on investments from top-tier firms.

“There’s never been a better time to build in hardware and create the next generation of huge companies with enduring legacies”, says Jamie, “and the best part is building something that truly matters.”

Fund I LP’s include founders, engineers, HNW individuals, as well as institutional support from Fund of Funds and large Family Offices.

With Fund I closed, it’s time to get back to building and backing and supporting incredible founders tackling the world’s most pressing problems, all while scaling Wave Function Ventures into a leading firm investing in hardware for the future.

To learn more about Wave Function Ventures, visit https://www.wavefunction.vc/. You can follow along on Twitter/X at https://x.com/jamiegull.

Wave Function Ventures is excited to announce the final close of its $15M Fund I. Wave Function was created to partner with deep tech founders building hardware solutions to the world’s most important problems.

SOURCE Wave Function Ventures

Top backend for AI-driven development will use new funding to serve the most data-intensive enterprises

SAN FRANCISCO, Oct. 3, 2025 — Supabase, the Postgres development platform, has raised $100 million in Series E funding at a $5 billion valuation. The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors, underscoring strong confidence in the company’s growth. The round comes just four months after their Series D, bringing their total funding to over $500 million.

As part of the Series E funding, Supabase intends to reserve an allocation for its community members to co-invest alongside institutional partners. This initiative reflects the founders’ commitment to community, and will provide an opportunity for open source advocates to participate directly in the company’s growth.

“Our community is what makes Supabase special, and it’s a priority to give them the opportunity to co-invest in what we’re building,” said Paul Copplestone, co-founder and CEO of Supabase. “With the new capital we’ll continue serving our community of over 4 million developers while building open source tools to scale Postgres.”

This round marks what has been a banner year for Supabase, emerging as the preferred backend for AI-driven development. Platforms like Lovable and Bolt run on Supabase, alongside more than 100,000 customers; from over 50% of the latest Y Combinator batch, to enterprises such as PwC, McDonald’s, and Github Next.

“Supabase is scaling with clarity and conviction while redefining what it means to build applications with AI,” said Arun Mathew, partner at Accel. “With millions of developers, enterprise validation, and a team of entrepreneurial builders, Supabase is emerging as the defining database for the next generation of software.”

Peak XV’s Shailendra Singh continued, “We’re excited to co-lead Supabase’s Series E alongside Accel. Supabase started with managed Postgres but is now evolving into a platform company. Their incredible developer-first mindset has made them a critical enabler for hundreds of thousands of new AI startups globally, powering the AI supercycle for millions of developers. This is our third consecutive investment since co-leading their Series C a year ago, reflecting our deep conviction in Paul, Ant, Rory and their leadership team. We’re thrilled to continue this enduring partnership as Supabase scales to its next phase of growth.”

Over 4 million developers choose to use Supabase, often alongside Cursor and Claude Code, because it allows them to quickly spin up a backend that instantly updates itself with commands from AI.

The new capital will accelerate Supabase’s work on “Multigres”, an enterprise-scale version of its platform designed for large, data-intensive applications. To lead the effort, Supabase has hired Sugu Sougoumarane, the co-creator of Vitess. Sougoumarane is among a growing list of industry-leading database and open source founders working at Supabase; including Postgres core contributors, the NGINX co-founder, and the founders of various Y Combinator companies.

“We invested in Supabase at the seed because developers shouldn’t have to choose between speed and scale. Today, the ability to build in a weekend and scale to millions is not just possible, it’s routine with Supabase,” said Caryn Marooney, General Partner at Coatue. “This new financing aims to accelerate Supabase’s efforts to become the backend for everyone, from startups to some of the most demanding, data-intensive enterprise workloads.”

About Supabase
Supabase is the Postgres development platform. It has emerged as the preferred backend for AI-driven development. Over 4 million developers choose to use Supabase, often alongside Cursor and Claude Code, because it allows them to quickly spin up a backend that instantly updates itself with commands from AI. This simplicity in workflow has driven Bolt, Figma, and Lovable to choose Supabase as the default backend for all projects on their platforms.

For more information, visit supabase.com.

SOURCE Supabase

MADRID, Oct. 2, 2025 — Incus Capital (Incus), the Madrid-based real assets private credit specialist, announces the first close of its European Credit Fund V (Fund V), securing 50% of the fund´s target size in closed and committed capital. The fund is targeting €800 million, with a hard cap of €1 billion.

Fund V received strong support from a diversified investor base, including a significant number of repeat commitments from prominent institutions in North America and Europe. The fund also attracted new commitments from leading insurance companies, pension funds, global consultants and family offices, reinforcing continued interest in Incus’ differentiated investment strategy.

Martin Pommier, Partner of Incus, said: “We are grateful for the continued trust from our long-standing investors and are delighted to welcome new, high-quality institutions to our latest flagship fund series. We are pleased with this significant first close for Fund V. The strong investor demand demonstrates the confidence investors place in our record of delivering consistent returns across our funds.”

Investors view Fund V´s asset-based lending (ABL) approach as having the potential to generate attractive returns with strong downside protection, complementing more traditional direct lending portfolios. The ABL market is significantly larger than the underlying direct lending market. The direct lending market is expected to reach €1.5 trillion in 2025, while the ABL market is currently estimated at more than €6 trillion globally¹. Despite this, the number of private capital firms focusing on ABL remains quite small in comparison to direct lending.

Andrew Newton, Founder and Managing Partner of Incus, said: “The European landscape continues to be poorly served by capital providers and the opportunity for ABL funds today is overwhelming. The appetite for Incus’ customized credit strategy is stronger than ever, reflecting the broad acceptance of alternative financing for European mid-market companies. Our newly launched Fund V program allows us to invest across a diverse sector of real asset classes.” 

Fund V is positioned to capitalize on a robust pipeline of attractive opportunities across infrastructure, real estate, and alternative assets, supporting companies and projects with flexible solutions while targeting strong risk-adjusted returns.

Incus recently closed a number of investments in the European mid-market, including:

• €55 million financing to a leading self-storage platform with 10 locations and 50,000 square meters in Portugal
• €45 million senior loan to sponsor backed 5-star hotel & high-end residences in Courchevel 1850, France
• €90 million facility to a leader in water management in the Valencia region of Spain
• €60 million financing for a market leader in campsite operations across Iberia

About Incus Capital
Founded in 2012, Incus Capital is a real assets investment firm with offices in Madrid, Lisbon, Milan, Paris, Frankfurt and Luxembourg. Incus provides flexible capital solutions to mid-market companies in Europe with a focus on infrastructure, real estate and alternative assets. The firm’s investment strategy includes a strong focus on downside protection with target investment sizes between €25 million to €60 million. Incus Capital acts as the investment advisor to funds with €3 billion in assets under management. For further information, visit www.incuscapital.com or watch Incus Capital 2025 AGM

¹ 2024 EY, Pitchbook and Preqin

Media Contacts:
Kathy Panagopoulos, [email protected], +1 773-710-7433
Margaret Kirch Cohen, [email protected], +1 847-507-2229 

SOURCE Incus Capital

The Lisk EMpower Fund targets post-incubation Web3 startups in Africa, Latin America, and Southeast Asia, bridging the capital gap and unlocking outsized returns in regions where Web3 adoption is already mainstream.

ZUG, Switzerland, Oct. 2, 2025 — Lisk, the growth platform designed for Web3 founders in high-growth markets, today announced the launch of the Lisk EMpower Fund, a $15 million venture initiative aimed at backing Web3 startups solving real-world problems in Africa, Latin America, and Southeast Asia. In addition to the launch of the Lisk EMpower fund, Lisk is excited to announce four early recipients: Lov.cash, a South African digital supply chain platform, Afrikabal, an African Agritech platform, IDRX, an Indonesian stablecoin, and SigraFi, who finances small gold producers and issues gold-backed onchain loan notes.

While developed markets often see competitive and dense VC activity and higher valuations, the Lisk EMpower Fund is hyper-focused on emerging markets where adoption is organic, purpose-driven, and transformative. To date, VCs are overlooking a $5.2 trillion opportunity in emerging markets, where small-to-medium-sized businesses remain underfunded.

“Global VCs have become obsessed with speculation. In high-growth markets, the opposite is true. Founders are solving real problems with real utility and that is where the next unicorns will come from,” said Gideon Greaves, Head of Investments at Lisk.

High-growth markets offer significant growth opportunities, leveraging emerging technology to develop innovative solutions that solve local challenges that otherwise could not be solved by traditional technology. Many founders bootstrap to Series-A level traction without ever raising institutional seed capital. Yet, a knowledge gap remains in the opportunities to invest in these regions.

Emerging markets have consistently outperformed public benchmarks, delivering 9-11% annualized venture returns over the past 10-15 years, according to Cambridge Associates. Lisk believes this marks the start of a generational bull run in emerging markets, driven by unprecedented innovation and the rapid adoption of transformative technologies. In contrast, U.S. seed-stage venture has become oversaturated, with record-high early-stage valuations and near-zero three-year returns. This creates an opportunity to back high-growth founders in Africa, Latin America, and Southeast Asia at fair valuations, while generating uncorrelated, venture-scale returns.

The disconnect is Lisk’s opportunity. The Lisk EMpower Fund addresses a critical gap that most VCs continue to miss. By backing founders at the earliest stages, the Lisk EMpower Fund delivers more than capital, it offers hands-on advisory, Web3 experience, and resources, becoming long-term partners with the founders at the intersection of local impact and global growth.

“Emerging markets are no longer the future of Web3, they are the present,” said Dominic Schwenter, COO at Lisk. “The Lisk EMpower Fund is designed to bridge the capital gap for world-class founders who are building global companies from these ecosystems.”

The Lisk EMpower Fund model integrates incubation, assessment, and growth capital through a scalable, end-to-end pipeline designed to accelerate high-potential ventures.

• Web3-Native: Dedicated capital for infrastructure and applications solving real-problems in payments, remittances, identity, and supply chain.
• Emerging Markets: Targeting regions that are ripe for organic adoption and have the potential to scale globally.
• Hands-on Advisory: Beyond capital, Lisk operates as a boutique investment bank for startups, supporting founders in refining their narratives, structuring for international fundraising, and securing proper Series A and B rounds.
• Tokenized Fund Structure: The Lisk EMpower Fund utilizes tokenization to streamline LP subscriptions, provide secondary market liquidity, and open access to retail LPs, who are traditionally excluded from venture funds.

By investing in the essential digital infrastructure of emerging economies, Lisk generates venture-scale returns uncorrelated with saturated Western markets. Its structured investment model is designed to de-risk early-stage ventures while providing hands-on advisory support to prepare them for global institutional investment.

Through strategic partnerships with leading local incubators, Lisk gains early access to pre-vetted deal flow across Africa, Latin America, and Southeast Asia. Selected companies are eligible to receive $250,000 in capital alongside strategic support, ranging from investor-grade financial modeling and legal structuring to access to Lisk’s global VC network.

This past September, Lisk celebrated its growing community of founders at ETHSafari, Africa’s largest Ethereum conference. For more information, visit www.lisk.com/fund and access Lisk’s media kit here.

About Lisk
Lisk is a growth platform designed for Web3 founders in high-growth markets. We provide the tools founders need to build and scale: capital, local programs, key partnerships, and an Ethereum-aligned Layer 2 primed for deployment.

Lisk takes a founder-first approach that’s both committed and hands-on. We collaborate with teams from early concepts through go-to-market, with on-the-ground teams in Africa, Southeast Asia, and Latin America, helping transform regional challenges into real opportunities.

As a founding member of the Optimism Superchain, Lisk is helping shape the industry’s first fully interoperable network, expanding access for builders with minimal fees, intuitive user experiences, and solutions designed to address local challenges.

Since its inception in 2016, Lisk has focused on tangible routes to Web3 adoption, supporting founders who are tackling pressing local issues and developing lasting solutions.

Photo – https://mma.prnewswire.com/media/2787250/Lisk_Launches_the_EMpower_Fund.jpg
Logo – https://mma.prnewswire.com/media/2755789/Lisk_Logo.jpg

ST. LOUIS, Oct. 2, 2025 — Gershman Investment Corp. provided construction and permanent financing for Mansion House Apartments in St. Louis, MO. Managing Director Chris Will originated a $78 million dollar HUD 221(d)4 loan for this historic 29-story high-rise tower. Adjacent to the Gateway Arch, with 415 apartments units, Mansion House is one of St. Louis’s most iconic riverfront properties. Renovations to the 1960’s-era building will take less than two years to complete, with fully modernized units being delivered in 2027. The $195 million dollar investment represents one of the largest residential investments Downtown St. Louis has seen in decades, and will mark a new chapter in the life of this historic property.

In addition to the HUD-insured debt provided by Gershman, sources of funding include State and Federal Historic Tax Credits, Opportunity Zone capital from Catalyst Opportunity Funds, and gap financing from Arch to Park Equity Fund. Real estate tax-abatement and sales tax exemption on construction materials was provided by The City of St. Louis.

The $78 million GNMA-backed HUD 221(d)4 provided 40-year fixed, non-recourse, construction – permanent debt. Gershman’s GNMA security was acquired by The Builder’s ProLoan Bond Fund, a pension fund whose members include various labor trade unions. The Fund provided a significantly below-market interest rate. 

The FHA 221(d)(4) Substantial Rehabilitation loan is a government-insured financing program designed to fund the purchase and major renovation of multifamily rental properties. It provides long-term, fixed-rate, non-recourse financing that covers both construction costs and permanent debt in a single loan.

Gershman Investment Corp. is one of the nation’s few independently owned mortgage companies that offer FHA-insured multifamily and healthcare financing. Our extensive history of 70 years of personal service, expertise, and dedication to problem-solving ensures a smooth process for financing of project loans. We rank among the top ten originators of FHA multifamily programs by the US Department of Housing and Urban Development. We are one of a small, select group of lenders nationwide to be HUD-approved for MAP (Multifamily Accelerated Processing) for apartments and LEAN processing for nursing homes and assisted living facilities. For more information about Gershman Investment Corp., please visit www.gershmaninvestmentcorp.com.

7800 Forsyth Blvd, Suite 700, St. Louis, MO 63105 | (314) 889-0600

SOURCE Gershman Investment Corp.

Partnership to Accelerate Job Creation and Innovation in AI, Robotics, and Supply Chain as part of two NJEDA Investment programs.

NEW YORK, Oct. 2, 2025 — Interwoven Ventures (Interwoven), an early-stage venture capital firm specializing in robotics and artificial intelligence (AI), has been selected by the New Jersey Economic Development Authority (NJEDA) to co-invest through the New Jersey Innovation Evergreen and Venture Fund Investments Programs. The Partnership will channel capital and expertise into New Jersey startups driving innovation in manufacturing, logistics, healthcare and transportation.

Interwoven Ventures invests and advises founders, startups, universities and centers of innovation on AI’s transformative impact across industries particularly within manufacturing, logistics, transportation, and healthcare. Interwoven brings guidance and expertise in driving operational efficiencies, automation, and innovation—particularly in areas like predictive analytics and AI-powered diagnostics.

“New Jersey is a magnet for bold entrepreneurs, and we’re proud to partner with NJEDA to help founders scale,” said Erez Agmoni, co-founder and General Partner of Interwoven Ventures. “At Interwoven, we don’t just write checks, we bring decades of operational experience, a deep industry network, and hand-on guidance in AI and Robotics.  The collaboration gives startups in New Jersey access to both capital and know-how to turn breakthrough ideas into lasting business.”

“Under Governor Murphy’s leadership, the New Jersey Innovation Evergreen Fund has empowered high-potential startups by establishing a self-sustaining investment cycle that attracts capital,” said NJEDA Chief Executive Officer Tim Sullivan. “Through the funding of Qualified Venture Firms such as Interwoven Ventures, this innovative program is fueling the growth of businesses, reinforcing New Jersey’s standing as a premier global hub for innovation.”

Whether you’re a founder building the next breakthrough in AI and Robotics, an investor looking to co-invest in frontier technologies, or an innovation partner shaping the future of New Jersey’s economy, we invite you to connect with Interwoven Ventures at www.interwoven.vc .

About Interwoven Ventures
Interwoven Ventures is an early-stage venture capital firm specializing in robotics and AI, with a focus on transformative opportunities in industries like manufacturing, logistics, transportation, and healthcare. Since its inception in 2022 as an incubated venture of ROBO Global, the firm has been committed to leveraging decades of industry and operational expertise to empower visionary entrepreneurs and build a foundation for long-term success and innovation. For more information, please visit interwoven.vc.

About the NJEDA
The New Jersey Economic Development Authority (NJEDA) serves as the State’s principal agency for driving economic growth. The NJEDA is committed to making New Jersey a national model for inclusive and sustainable economic development by focusing on key strategies to help build strong and dynamic communities, create good jobs for New Jersey residents, and provide pathways to a stronger and fairer economy. Through partnerships with a diverse range of stakeholders, the NJEDA creates and implements initiatives to enhance the economic vitality and quality of life in the State and strengthen New Jersey’s long-term economic competitiveness.

SOURCE Interwoven Ventures