$8 Million in Follow-on Funding Signals Growing Investor Confidence in IoT Adoption and Blues Momentum

BOSTON, July 8, 2025 — Blues, a leader in Internet of Things (IoT) connectivity solutions, today announced an $8 million follow-on funding round led by existing investor XYZ Venture Capital, on the heels of its previous $25 million raise led by Sequoia Capital in May 2025.

This latest fundraise was driven by increased investor demand after the prior round was oversubscribed, prompting the company to accelerate the timing of this next phase of capital investment. The additional capital comes at a pivotal moment for Blues, as rapid customer adoption and growing demand signal clear market need for its connectivity solutions.

The funding will be used to support the company’s growth, fuel further product innovation, and enable Blues to deliver on its mission to help the world’s physical product makers transform their offerings into data-driven intelligent services.

“We had more investor demand than we could accommodate in our last round, making it clear there was an opportunity to move faster,” said Ian Small, CEO of Blues. “IoT adoption is accelerating across industries, from refrigeration manufacturers, logistics providers, to automotive battery vendors. For product makers of all kinds, Blues simplifies secure, seamless cloud-connectivity for physical products. This is the ideal time to expand our reach, capitalize on our unique offering, and help our customers deploy intelligent services to generate new revenue streams.”

“We’ve been big believers in Ray Ozzie’s vision and in Blues’ technology for years,” said Ross Fubini, Managing Partner at XYZ Venture Capital. “Watching customer trials start to turn the corner into scaled production rollouts convinced us that this was the right moment to boost our investment in Blues and support the company’s increased go-to-market focus.”

Blues makes it dramatically easier and more affordable to derive actionable insights from physical products, accelerating the time to market for new revenue-generating services that bring product makers into the intelligent era. Blues is driving a long-overdue platform shift by putting these capabilities within reach of every product maker, not just those with big R&D budgets.

“I founded Blues because of my deeply held belief that there’s tremendous opportunity in helping every physical product become connected and intelligent,” said Ray Ozzie, Founder and Executive Chair of Blues. “It’s exciting to see our customers transform their own customers’ experience with new, intelligent services, all made possible by Blues’ tapping the data that lies within their physical products.”

With $99M in funding to date and growing adoption across new and existing customers, Blues is leading the charge in solving the toughest challenges in IoT connectivity.

About Blues 

Blues is a leader in secure wireless connectivity, helping organizations to transform their physical products and businesses to be centered on data and the delivery of data-fueled intelligent services. With customers across transportation, health care, energy, and logistics in North America, Central America and Europe, Blues is on a mission to empower innovation by making cloud-connected machine intelligence possible for organizations of any size.

With Blues, customers can easily and securely provision and communicate with any physical product, anywhere, enabling new sources of revenue and new customer experiences while also reducing costs. Blues solves the biggest challenges associated with wireless connectivity, making it easy to securely cloud-connect any physical product at scale.

Thousands of organizations worldwide, from non-profits to startups to enterprises, connect their devices with Blues integrated hardware, software, and cloud services. For more information about Blues and its wireless connectivity solutions, visit blues.com, and follow Blues on LinkedIn, YouTube, Instagram, and X.

About XYZ Venture Capital
Founded by Ross Fubini in San Francisco, XYZ Venture Capital is an early-stage venture capital firm that invests in founders building in industries on the cusp of tech transformation. Known for its strength in public sector and defense technology — including companies like Anduril, Apex Space, and Chapter — the firm has grown to support category leaders across enterprise, fintech, healthcare, and climate. XYZ’s hallmarks include deep relationships with founding teams, bespoke company support, continued involvement through later stages, and expertise in helping raise future rounds. More at xyz.vc.

SOURCE Blues

LONDON, July 8, 2025 — Nighthawk Advisors LLP (“Nighthawk”), a specialist growth lender to early and mid-stage UK small and medium enterprises (“SMEs”), has announced the formation of a new secured lending platform in partnership with Arena Investors, LP (“Arena”). The programme will provide up to £30 million of flexible capital to UK SMEs, with capacity to scale to £60 million as demand grows.

The platform has already completed its first two transactions, deploying £5 million in funding to two highly innovative UK-based technology companies. The companies financed are in UK-based fast growing technology sectors of ad-tech and personalised nourishment, demonstrating the wide range of businesses the venture is prepared to support.

This partnership combines Nighthawk’s specialist structuring expertise and access to emerging growth businesses with Arena’s global institutional platform and experience navigating complex private credit markets. The joint venture aims to address the growing demand for alternative non-dilutive growth finance solutions from UK SMEs that are scaling rapidly but underserved by traditional bank lending or venture equity.

“Across the UK, there are outstanding innovation-led businesses seeking the right kind of growth capital to scale responsibly and sustainably,” said Xavier Van Hove and James Davis, Managing Partners at Nighthawk. “This partnership allows us to offer highly tailored financing to help these businesses create skilled jobs, retain intellectual property onshore, and drive long-term economic value for the UK.”

Pablo Fraga, European Private Investments, Managing Director at Arena, commented: “We are delighted to partner with Nighthawk in supporting the next generation of UK growth companies. The UK innovation economy presents exciting opportunities, and this platform allows us to deploy flexible capital where it can have real impact.”

With its focus on supporting ambitious UK businesses at critical stages of growth, the venture contributes to the broader objective of strengthening the UK’s innovation ecosystem and supporting domestic scale-up activity.

About Arena Investors, LP:

Arena is a global multi-strategy investment firm with approximately $4.1 billion of assets under management and programmatic capital¹ as of April 1, 2025, with a team of over 180 employees in offices globally. The firm is a subsidiary of Arena Investors Group Holdings (“AIGH”). AIGH, along with its affiliate, Ceres Life Insurance, comprises the Westaim Corporation (TSXV: “WED”), an integrated asset management and life insurance and annuity provider.

In its alternatives business, Arena provides creative solutions for those seeking capital across all corporate, real estate, and structured finance investment areas, at all levels of the capital structure, and in all developed markets, alongside operational capabilities to manage and improve the businesses and assets in which it invests. The Firm brings together individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions and business operations that cannot be addressed by banks and other conventional financial institutions. Please see www.arenaco.com for more information.

About Nighthawk Advisors LLP:

Nighthawk is a London-based growth lender focused on financing early and mid-stage technology SMEs based in the UK and Europe. The team has significant experience lending to and investing in technology companies, helping them accelerate their growth with innovative and non-dilutive funding solutions. 

Media Contact

Prosek Partners

[email protected] 

¹Programmatic capital includes callable capital to discretionary and non-discretionary separately managed accounts and certain commingled vehicles.

SOURCE Arena Investors

Bringing AI to the heart of hardware manufacturing, Parter helps engineering and supply chain teams design smarter, source better, and operate with confidence – even in crisis.

NEW YORK, July 7, 2025 — Parter, the AI-powered company helping hardware teams – from engineering and supply chain to R&D – manage complexity and stay ahead of disruption, today announced $5.5 million in seed funding. The round was led by StageOne Ventures, with participation from Zenda Capital, Mercer Ventures, and notable angel investors including former Sequoia partner Shmil Levy, executives from Cisco, Ariel Maislos, and founders of Avalor, Datorama, Epsagon, and Innoviz. The funding will support Parter’s product development, go-to-market expansion, and U.S. growth as the company officially launches out of stealth.

Hardware manufacturing is under pressure. With supply chain instability including tariff-driven price hikes and fragmented systems, it has become harder than ever to bring products to market. According to a 2024 survey of more than 500 manufacturing leaders, 98% reported persistent challenges with disconnected and incomplete data, leading to delays, cost overruns, and lost opportunities.

With shifting trade policies and increasing pressure to reshore production, hardware teams must adapt fast. Parter gives them the tools to manage complexity, reduce risk, and move from reactive fixes to proactive decision-making.

“Our customers are under pressure from every direction. Data is siloed, teams are disconnected, and global instability makes everything harder,” said Asaf Israelit, co-founder and CEO of Parter. “We built Parter to bring clarity. Our platform connects data, teams, and decisions so hardware companies can streamline their operations and move with confidence – all thanks to AI.”

Parter helps hardware teams move beyond scattered spreadsheets, outdated tools, and manual processes. Instead of reacting to problems after they happen, teams can proactively manage risk, act faster, and make smarter decisions with help from AI. Whether it’s a tariff, shortage, compliance issue, or supply chain bottleneck – Parter delivers the insights needed to keep production moving and teams aligned.

The platform unifies product and supplier data from BOMs (Bill of Materials), datasheets, ERP and PLM systems, PDFs, and spreadsheets into one clean, structured system. AI agents validate, enrich, and link that data to generate real-time insights and recommendations. Capabilities include risk and compliance monitoring, auto alternatives for impacted components powered by AI agents, predictive alerts for obsolescence and tariffs, sourcing and quoting automation, and collaboration tools for cross-functional teams.

Parter serves the full spectrum of electronics producers, including OEMs, ODMs, EMS, and contract manufacturers in sectors like IoT, communications, automotive, and defense.

“Parter is solving a massive, overlooked problem,” said Tal Slobodkin, managing partner at StageOne Ventures. “This team is applying AI where it’s desperately needed, turning operational chaos into strategic clarity, equipping businesses with the essential tools they need to bring their hardware manufacturing to the U.S. or nearshore accordingly. It’s a game-changer for hardware companies and couldn’t be more timely.”

“Parter has completely transformed how we manage sourcing and quoting,” said Hila Arditi, VP Supply Chain at RH Group, a global electronics manufacturer with facilities in the U.S., Europe, and Israel. “By automating manual steps and simplifying our procurement process, Parter has helped us respond faster to customer needs and navigate today’s complex supply chain landscape with confidence.”

Parter was selected as one of just 25 startups globally to join the prestigious Palantir Foundry-backed Accelerator Programme The cohort is designed to support AI-native startups working in complex and data-rich industries, further validating Parter’s unique approach to hardware intelligence.

About Parter

Parter, which has offices in New York and Tel Aviv, is the AI platform transforming how hardware teams manage data, suppliers, and risk from design through manufacturing. By connecting engineering, supply chain, and R&D workflows on one intelligent platform, Parter replaces disconnected tools and guesswork with real-time insight and proactive guidance. Trusted by leading manufacturers around the world, Parter helps companies reduce costs, avoid disruptions, and move faster in a volatile global market.

Parter’s founding team – Asaf Israelit (CEO), Omer Gilat (CTO), and Ronen Hoffer (VP R&D) – brings over 15 years of combined experience in software and hardware development, with backgrounds in an elite intelligence unit. For more information visit: https://parter.ai/ and https://www.linkedin.com/company/parter-ai/

Media Contact
Joseph Moses
Headline Media
[email protected]

SOURCE Parter

Funding, which will support clinical studies of Restore’s novel transcatheter device, was co-led by Pitango HealthTech and a global strategic partner, with continued investment from existing investors including Peregrine Ventures, another global strategic partner, and new investment from the European Innovation Council (EIC) Fund.

OR YEHUDA, Israel, July 7, 2025 — Restore Medical Ltd, a clinical-stage MedTech company developing transcatheter therapies for heart failure, announced today the successful closing of a $23 million Series B financing round. The round is co-led by Pitango HealthTech and a global strategic healthcare partner, alongside the European Innovation Council (EIC) Fund, and continued support from existing investors including Peregrine Ventures, which has supported the company since its inception, and another strategic partner.

The round will fund the completion of Restore Medical’s ongoing European feasibility study, which has demonstrated promising long-term safety and efficacy data, including meaningful improvements in ventricular reverse remodeling, hemodynamic performance, and patient functional capacity. The investment will also support the launch of a U.S.-based clinical study, following the Breakthrough Device Designation granted by the U.S. Food and Drug Administration (FDA) in 2024.

Restore Medical’s unique transcatheter approach introduces a new minimally invasive therapeutic option for heart failure patients who have limited effective treatments today.

“We are proud to have the support of such a strong and diverse group of partners, including two global strategic investors, the European Innovation Council Fund, and leading VCs such as Peregrine Ventures and Pitango HealthTech,” said Gilad Marom, CEO of Restore Medical. “Their confidence in our vision, team, and technology is a powerful endorsement. With encouraging clinical data and FDA Breakthrough Device designation, we are well positioned to advance this technology toward making a meaningful impact for patients worldwide.”

Jonathan Glazer, MD. Partner at Pitango HealthTech added: “Heart failure remains one of the greatest unmet needs in medicine, both clinically and economically. As a clinician and executive in healthcare systems, I have seen firsthand how urgent the need is for better solutions. Restore Medical’s innovative approach, compelling early data, and exceptional leadership made it a clear choice for us to co-lead this round.”

About Heart Failure

Heart failure is a chronic, progressive condition in which the heart is unable to pump blood effectively to meet the body’s needs. It remains one of the leading causes of hospitalization and mortality worldwide, particularly in patients with Heart Failure with reduced Ejection Fraction (HFrEF). Despite advancements in pharmacological treatments, a significant portion of patients remain symptomatic and at high risk of repeated hospitalizations, impaired quality of life, and premature death. The need for innovative, device-based therapies is growing rapidly as existing medical options reach their limits in addressing advanced heart failure.

About Restore Medical

Restore Medical is a privately held Israeli clinical-stage company dedicated to transforming the treatment of heart failure through novel transcatheter therapies that aim to restore hemodynamic balance and improve clinical outcomes for patients worldwide. Restore Medical is led by CEO Gilad Marom and began its operations within Peregrine Ventures’ Incentive Incubator after being Co-Founded by Stephen Bellomo (CTO), Dr. Elchanan Bruckheimer (Medical Director), and Aaron Feldman. The company is backed by leading investors with strong experience in healthcare and innovation, including Pitango HealthTech, Peregrine Ventures, the European Innovation Council (EIC) Fund, and two global strategic partners.

SOURCE Restore Medical Ltd.

Investments by High-Profile Group of Athletes, Media Moguls, and Business Leaders Usher in the Company’s Next Phase 

NEW YORK, July 7, 2025 — Fantasy Life – the award-winning fantasy sports and gaming company spanning media and tech, founded by Matthew Berry, the legendary fantasy football personality featured on NBC Sports’ Football Night in America and host of Fantasy Football Happy Hour on Peacock – today announced a $7 million seed round to support the launch of its new platform and the acquisition of Guillotine Leagues. As the official tools partner of NBC Sports, the company delivers premium content and insights to millions of fans.

The funding has fueled the creation of a new fantasy ecosystem featuring improved technology, expanded tools, new content offerings, and a mobile-first experience designed for scale – reinforcing Fantasy Life as a premier destination for fans and marking the beginning of a transformative new phase, driving growth and innovation in fantasy sports.

The round is spearheaded by LeBron James’ and Maverick Carter’s LRMR Ventures and SC Holdings, led by Jason Stein. Other notable investors include:

• Eberg Capital LLC, a private equity firm founded by Roger Ehrenberg, co-owner of the Miami Marlins and Alpine Formula One Racing
• Bolt Ventures, the family office of David Blitzer, co-founder of Harris Blitzer Sports & Entertainment and owner of stakes in teams across all five major North American sports leagues, as well as several international soccer clubs
• Gerry Cardinale, Founder and Managing Partner of RedBird Capital
• Jeff Shell, Partner and Chairman of Sports and Entertainment, RedBird Capital Partners
• Chad Hurley, Co-Founder of YouTube
• Wasserman Ventures, the investment arm of global sports, music, entertainment, and culture company Wasserman
• Tony Khan, Owner of the Jacksonville Jaguars, Fulham Football Club, All Elite Wrestling, and TruMedia Networks
• SUM Ventures, founded by Garrett Gilbertson, includes NFL star George Kittle and retired Eagles Super Bowl Champion Brent Celek.
• John Legend, Emmy, Grammy, Oscar, and Tony (EGOT) Award Winning Artist
• Larry Fitzgerald Jr., Co-Founder of Trenches Capital and former NFL wide receiver
• Donald Mustard, Co-Creator of Fortnite and former Chief Creative Officer at Epic Games

They join a roster of existing investors that includes NFL stars Josh Allen, Joe Burrow, Ja’Marr Chase, and Austin Ekeler. That support has helped spark major momentum, with Fantasy Life increasing revenue by 737% since launching in 2022, including a 230% jump from 2024 to the first half of 2025.

“My entire adult life has been about helping fantasy players and sports gamers win, have more fun, and make this industry better,” said Berry. “Fantasy Life is the culmination of my decades of experience — a destination for every kind of player, from beginner to sharp. With smart, personalized tools, entertaining content, and the best damn fantasy game ever in Guillotine Leagues, we’re building a platform as obsessed with fantasy as we are. I’m incredibly honored that so many people I’ve long admired believe in what we’re doing and want to be part of the journey. I can’t wait for everyone to check out the new features and win more titles.”

“We’re always looking for opportunities to invest in smart, creative people and businesses that share our values. What Matthew, Eliot and the team are building with Fantasy Life hits on everything we look for,” said Maverick Carter, CEO of LRMR Ventures. “Their strong brand, incredible growth and the market size of sports gaming make for a compelling opportunity. As an avid fantasy football and Guillotine League player myself, this is a tech-forward play that we believe will be a game changer for fantasy sports and we’re proud to co-lead this round with our partners at SC Holdings.”

Central to the new Fantasy Life is a revamped version of Guillotine Leagues – a high-stakes, week-to-week survival format now featured in a fresh, next-gen experience that sets it apart in the fantasy space.

Key upgrades include:

• A fully redesigned app and web experience, now faster, more scalable, and engineered for deeper engagement. The new Guillotine League app is now available on iOS, with Android availability later this summer.
• Integrated Fantasy Life content and premium tools for a one-of-a-kind, personalized user experience

“This next chapter of Fantasy Life is about delivering a truly player-first experience. That starts with Guillotine Leagues – a bold, survivor-style game that is fantasy for the fearless,” said Eliot Crist, CEO of Fantasy Life. “We’re excited to elevate the format for fantasy players who crave intensity and innovation.”

To power the new Fantasy Life platform, the company is also rolling out an industry-altering platform, FantasyHQ™ presented by Mike’s Hard Lemonade. FantasyHQ™ is a personalized hub for daily player insights, real-time data, and league tools, with key features including the ability to:

• Sync your leagues, across all providers, for a fully personalized experience
• Get custom trade, waiver, and start/sit advice tailored specifically to your team, needs, and matchup
• Mike’s Fantasy Scoreboard™ – your fantasy football command center with side-by-side views of all your matchups
  • All of your fantasy games in one place, for the ultimate second-screen experience on gameday

For more information on Fantasy Life and to sign up for the newsletter, visit the redesigned FantasyLife.com.  Follow @MBFantasyLife on Twitter, Instagram, TikTok, and YouTube for updates and premier fantasy and gaming content.

ABOUT FANTASY LIFE
Founded by the godfather of fantasy football – Matthew Berry – Fantasy Life is the official tools partner of NBC Sports, delivering the highest-quality fantasy football content and tools for casual fans and experts alike. The company also partners with LG, SiriusXM, Roku, Fubo, iHeart, a360, and many others, reaching millions of fantasy players across multiple platforms. Fantasy Life has won Best Places to Work in Sports awards from Sports Business Journal and Front Office Sports and has been the most awarded company at the Fantasy Sports & Gaming Association (FSGA) Awards over the past three years, including taking home four awards in 2025.

From written content to video, from audio to a vibrant community experience and including a brand-new suite of premium tools at Fantasy Life+, we embrace the company’s mission of “fantasy football for all” on a 365-day basis at FantasyLife.com.

CONTACT
Fantasy Life: [email protected]

SOURCE Fantasy Life

Former CME Executives Secure Funding to Solve Crypto‘s Prefunding and Capital Inefficiency Challenges with Institutional Coordination Layer

SINGAPORE, July 7, 2025 — BridgePort today announced it has raised $3.2M in total funding to accelerate platform development and expand the team to meet increasing institutional demand for efficient off-exchange settlement market structure. The seed round was led by Further Ventures and is also backed by industry leaders in Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.

BridgePort provides a secure, agnostic middleware to connect exchanges, custodians, and trading firms for streamlined capital allocation and post-trade processes. The platform helps eliminate the need for prefunding and addresses credit and settlement risk through real-time messaging and coordinated collateral management. BridgePort’s setup enhances capital efficiency for trading firms while also providing interoperability across the institutional crypto market.

Nirup Ramalingam, CEO of BridgePort, commented on the news, “This funding from Further Ventures and our production launch mark a major milestone in our mission to fix capital inefficiency and prefunding risks in crypto. We are grateful to our investors for believing in our vision to build the institutional coordination layer for the off-exchange settlement of crypto that will better connect the ecosystem.”

Mohamed Hamdy, Managing Partner, Further Ventures, commented on the raise, “BridgePort is addressing one of the most structurally limiting inefficiencies in digital asset markets – prefunding and credit fragmentation across venues. Their team’s expertise in building ultra-low latency systems for traditional finance uniquely positions them to engineer the institutional coordination layer required for scalable, off-exchange settlement. We see BridgePort’s infrastructure becoming foundational to the next phase of crypto market structure evolution.”

In addition to the seed round, BridgePort’s platform is now live in production on AWS and supports integration via REST APIs and FIX protocol as well as bespoke connectivity. It is actively onboarding exchanges and regulated custodians to extend its settlement network, with future updates focused on enhanced collateral management and deeper pre-trade credit capabilities.

About Further Ventures

Further Ventures builds and invests in companies shaping the future of financial markets.

Through a global platform rooted in emerging economies, Further connects next-generation financial infrastructure with global capital markets. Our portfolio companies enable institutional partners to securely store and transfer assets, trade structured products, secure decentralized networks, tokenize funds, and settle complex transactions with trustless precision.

From San Francisco to Hong Kong, founders choose Further as their institutional co-founder of choice. We make concentrated capital commitments, collaborate closely with regulators, and bring deep domain expertise to build category-defining companies at the frontier of finance.

Website: further.ae
Media inquiries: [email protected]

About BridgePort

BridgePort provides institutional middleware to solve the capital inefficiency, credit risk, and fragmented liquidity inherent in today’s crypto markets. Its agnostic infrastructure serves as the coordination layer for off-exchange settlement by connecting exchanges, trading firms, and custodians which enable secure messaging for pre-order credit allocation and post-trade settlement facilitation. Founded by a team with decades of experience in building fixed income and FX trading platforms for the world’s largest traditional financial institutions. It is backed by industry leaders in Further Ventures, Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures.

Media Contact:

Kevin McGrath
Senior Account Director
C: +1 718 915 4829 for Kevin McGrath
Email: [email protected]

SOURCE BridgePort

Strong demand for the Fund reflects attractiveness of Zenyth’s distinct thesis driven strategy and its maniacal focus on operational excellence to create leading healthcare companies and brings the Firm’s total assets under management to $1.5 billion.¹

NEW YORK, July 7, 2025 — Zenyth Partners (“Zenyth” or the “Firm”), a private equity firm that seeks to build leading healthcare services platforms, announced the closing of its second flagship fund, Zenyth Partners II, LP (“Fund II” or the “Fund”), at $375 million in aggregate capital commitments, with additional capital commitments raised via a sidecar co-investment vehicle. Fund II was oversubscribed due to strong support from existing and new investors, and brings the Firm’s total assets under management to approximately $1.5 billion.¹

“We are grateful for the trust placed in us by both our longstanding and new limited partners,” said Rob Feuer, Zenyth’s Founder and Managing Partner. “This support validates our differentiated strategy—combining deep sector expertise with a hands-on approach to building and scaling healthcare businesses from inception. We’ve built a culture of ownership and true partnership at Zenyth, which transcends everything we do, and we look forward to continue building innovative, forward-thinking organizations in our markets.”

Fund II is already deploying capital across its initial platform investments, targeting growth-stage platforms positioned for scale and category leadership. Zenyth’s highly selective, thesis driven, concentrated portfolio approach allows the Firm to devote significant time, resources, and strategic guidance to each investment. This focus seeks to ensure that each company receives the operational support and leadership attention required to achieve transformational outcomes.

“We believe Zenyth’s deep domain knowledge and operational rigor have always set us apart,” added Tim Abbot, Partner at Zenyth. “We are relentlessly committed to building businesses the right way—by implementing strong technology systems, driving operational excellence, and, most importantly, enabling greater quality and access. We believe these are the foundational pillars of long-term value creation.”

Zenyth’s investment model is centered on close collaboration with founders, clinicians, and operators to build healthcare organizations that are patient-centric, scalable, technologically advanced and operationally resilient. The Firm believes it brings a maniacal focus to continuous improvement and performance, striving to establish enduring platforms that elevate clinical standards, empower care teams, and improve outcomes for patients and communities.

Commitments for Fund II came from the Firm’s existing investors and select new limited partners, resulting in a diverse investor base comprised of leading financial institutions, insurance companies, university endowments, funds of funds, and family offices. The general partner of the Fund committed approximately 10% of the Fund’s capital.

Lazard served as placement agent for Fund II and Kirkland & Ellis LLP served as counsel.

About Zenyth Partners
Zenyth Partners is a distinct, highly operationally focused and thesis-oriented investment firm with $1.5 billion of assets under management focused exclusively on building healthcare companies from early stages into leading platforms. Zenyth partners with founders, clinicians, and operators that share similar values, seeking to create differentiated healthcare organizations that support patients, providers, payors, and the community at large. With a concentrated portfolio strategy, hands-on operational involvement, strong technology enablement, and a relentless drive towards quality and operational excellence, Zenyth is committed to shaping the next generation of healthcare leaders. For more information, please visit www.zenythpartners.com.

¹ As of June 30, 2025

Media contact: [email protected] 

SOURCE Zenyth Partners

TORONTO, July 7, 2025  – Two Hands Corporation (“Two Hands” or the “Company“) (CSE: TWOH) is pleased to announce an important new direction for our business and future growth. After careful evaluation, our management and board have made the decision to expand our focus and transition Two Hands into an investment holding company —a move designed to create more opportunities to grow your investment.

To Our Valued Shareholders,

First, thank you for your continued support and patience as we work to build value for all shareholders. We’ve been exploring a number of exciting opportunities, and today we’re ready to share our next steps.

Earlier, we introduced ChefXPerience, a venture we believe has real potential in an underserved part of the food industry. It’s a promising start, and we’re proud of the team driving it forward. Best of all, it’s a project that doesn’t require a large investment to grow.

However, we’ve also come across several other interesting opportunities outside the food sector. Until now, we’ve stayed narrowly focused—but we believe it’s time to widen the lens. That’s why we’ve decided to transition into an investment holding company. What does that mean? Simply put, we’ll be looking to invest in, support, and actively participate in the management of promising businesses—especially in digital markets, technology, fintech, and the Gig Economy.

Our goal is to create additional avenues for expanding Two Hands—and enhancing your investment.

The transition to this new model is subject to the approval of shareholders. To move forward, we will be asking for your vote as shareholders to approve this new business model focused on diversified investments. It is intended that this transition will constitute a “Change of Business” as defined in the policies of the Canadian Securities Exchange (the “CSE“), resulting in the reactivation of the Company pursuant to CSE policy.

We are entering this next chapter with focus and determination. We believe this shift in focus will allow Two Hands to identify exciting new ventures and deliver stronger long-term value for all shareholders.

Thank you for believing in us. We’re excited about what’s ahead.

Sincerely,
Emil Assentato
CEO
Two Hands Corporation

About Two Hands Corporation

Two Hands has been active in the Food Retail and Distribution Service Industry (SIC Code 7389) for several years, focusing on the Consumer Non-Cyclical sector. The Company is dedicated to providing quality products and services to meet the needs of its customers.

Neither the CSE nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements in this news release include statements regarding the anticipated transition of the Company into an investment holding company, the anticipated benefits of the proposed new business of the Company and the future growth of the Company. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect such forward-looking information are described under the heading “Risk Factors” in the Company’s final long-form prospectus dated April 21, 2022, that is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements’ best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Two Hands Corporation

BOSTON, July 7, 2025 — Chloris Geospatial, a climate-tech company pioneering satellite-based measurement of forest carbon and ecosystem change, announced today it has raised $8.5 million in Series A funding. The round was led by Future Energy Ventures, with participation from existing investors AXA IM Alts, At One Ventures, Cisco Foundation, Counteract, and Orbia Ventures.

With this new funding, Chloris will accelerate product development, grow its commercial and technical teams, and deepen partnerships across corporate carbon accounting for forest risk commodities and the carbon value chain, meeting the market’s rising demand for verifiable, high-quality nature-based solutions. The company will also expand its operations with a new European hub to support regional growth and customer engagement. 

The investment comes at a pivotal time for the climate and nature agenda, when trust, transparency, and scalable solutions are more urgent than ever.

While the climate and nature crises are global issues, action is taken locally, by governments, project developers, investors, and supply chain actors working across diverse landscapes and regions. Aligning local actions with global ambition demands fit-for-purpose solutions that are both scientifically rigorous and operationally scalable at every level.

Chloris’ technology responds directly to this need, enabling better decisions through transparent, science-based insights.

Developed under the guidance of Co-Founder and Chief Science Officer Dr. Alessandro Baccini, the Chloris technology uses satellite data, proprietary sensor fusion and machine learning to measure vegetation, going far beyond traditional land cover mapping. Chloris is uniquely positioned to provide high-quality, affordable, and timely data on what has happened in every acre of forest around the world since the year 2000.

“This is a decisive moment,” said Marco Albani, CEO and Co-Founder of Chloris. “To protect and restore nature at the pace and scale the climate demands, we need tools that make it easy to act—with confidence. That’s what Chloris enables, and this investment allows us to take it to the next level. We’re thrilled by the support of Future Energy Ventures and honored by the continued belief in our mission from all of our investors.”

As science has been telling us, forests are essential carbon sinks, biodiversity havens, and socio-economic assets—and the urgency to protect and restore them has never been greater. In the past year alone, record-breaking wildfires and declining biomass trends, visible in Chloris data, have highlighted the accelerating loss of forest carbon. Reversing this trend requires scaling investment in nature, but doing so depends on our ability to accurately quantify biomass dynamics with confidence and consistency.

“We invested in Chloris Geospatial because we believe their technology is the missing link to restoring trust and unlocking growth in carbon markets, as well as improving accounting standards. The ability to independently, transparently, and affordably measure carbon dynamics across all woody vegetation globally represents a step change in how we monitor and account for nature-based climate solutions,” said Patrick Elftmann, Managing Partner at Future Energy Ventures.

Across both voluntary carbon markets and corporate supply chains, organizations are increasingly relying on satellite-based insights to assess, invest in, and monitor forest carbon projects and to report emissions and removals in alignment with protocols like the GHG Protocol.

“At AXA IM Alts, investing in solutions that protect, restore, and sustainably manage natural capital is core to our mission. Our continuous support for Chloris reflects our belief that scalable, science-based measurement is critical to driving integrity and impact in both carbon markets and corporate climate strategies,” said Adam Gibbon, Natural Capital Lead at AXA IM Alts.

Chloris’ clients include leading corporations working to monitor forest-risk supply chains and make data-driven decisions aligned with climate goals and carbon accounting standards, forward-looking developers of nature-based solutions, and innovative carbon markets standards. Organizations rely on Chloris’ analysis to quantify forest carbon dynamics with confidence and integrate transparent, science-based data into their climate reporting. 

About Chloris Geospatial

Chloris Geospatial is a leading provider of science-based forest carbon insights, combining AI, machine learning, and satellite technology to deliver high-integrity carbon data at scale. Chloris empowers businesses, governments, and project developers to make informed decisions with consistent, cost-effective, and verifiable data, maximizing impact on the ground.

For more information, visit: www.chloris.earth

About Future Energy Ventures

Future Energy Ventures (FEV) is one of the leading platforms for early-stage climate tech startups and scaleups globally. Fund II, an SFDR Article 9 fund, invests in digital and digitally enabled climate technologies with high potential to redefine the energy world and build cleaner, smarter cities. Founded in 2016, FEV partners with exceptional founders and offers opportunities for financing, cooperation, and scaling through industry and investor partners.

For more information, visit: https://fev.vc/ 

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SOURCE Chloris Geospatial