The innovative, late-night bakery is poised for accelerated global expansion alongside investor group

PHILADELPHIA, June 10, 2025 — Today, Insomnia Cookies, the beloved late-night bakery brand disrupting the indulgence category for over two decades, announced a significant milestone in its growth journey. Verlinvest and Mistral Equity Partners have increased their investment in the company and will acquire Krispy Kreme’s stake, further strengthening their commitment to Insomnia Cookies’ future.

This transaction represents a pivotal moment in accelerating Insomnia’s trajectory. Backed by an industry-leading economic model, a passionate cult-like brand following, and a powerful omni-channel strategy, Insomnia is delivering sustained, ambitious growth—achieving double-digit annual revenue increases and robust profit expansion through both organic growth and new bakery openings.

With this exceptional performance and this deepened partnership with Verlinvest and Mistral Equity Partners, the brand is now on track to scale to 1,800 bakeries globally over the next decade.

“We’re excited for this next phase of growth with Verlinvest and Mistral Equity Partners,” said Seth Berkowitz, CEO and Founder of Insomnia Cookies. “We’re united by a shared vision: to establish Insomnia as the undisputed leader in the indulgence category. With this support, we’re poised to rapidly scale and deliver more warm, delicious cookies to Insomniacs around the world.”

“We believe Insomnia Cookies has all the ingredients to become a global icon in quality indulgence: a visionary founder, a cult-like following, and a clear edge in digital convenience,” said Clément Pointillart, Managing Director at Verlinvest. “We’re proud to deepen our commitment to Seth and the team as we help take Insomnia across the globe.”

“We are thrilled to deepen our investment in a brand that brings joy to customers one cookie at a time. Insomnia’s world class logistics and distribution platform, high-quality products, and passionate customers have reinforced our confidence in their continued growth and success,” said Andrew Heyer, Managing Director at Mistral.

To further support its global growth ambitions, Insomnia Cookies has strengthened its executive leadership team with a trio of seasoned leaders:

• Brent Chu, Chief Financial Officer – With an extensive background in consumer goods and retail finance from companies such as PepsiCo, Ferrara Candy Company, and La Colombe, Chu is spearheading Insomnia’s financial growth strategy.
• Katie Seawell, Chief Marketing Officer – A marketing executive with vast experience at top CPG and retail brands such as Starbucks, Seawell leads brand strategy, customer experience, and go-to-market initiatives as Insomnia enters new markets.
• Stephanie Boughner, Chief People Officer – Boughner brings deep expertise in talent development and organizational culture from her experience at Curio Wellness, Aramark, and Talent Solutions TAPFIN, focusing on building a strong foundation for long-term success.

With strong financial performance, a loyal customer base, and growing demand for its crave-worthy offerings, Insomnia Cookies is poised to continue pushing the boundaries of indulgent innovation.

About Insomnia Cookies
Insomnia Cookies is a category-disrupting late-night bakery brand. Founded in 2003 by then-student Seth Berkowitz at the University of Pennsylvania, the company began near college campuses and has since grown to nearly 350 locations across the U.S., Canada, and the U.K. Known for its cult-like following and omni-channel model, Insomnia is engineered to deliver warm, delicious cookies anytime, anywhere—and plans to open 1,800 locations globally over the next decade. Insomnia Cookies and its ice cream offerings are available in-store, for local delivery, and via nationwide shipping. For menu updates, delivery options, and more, visit www.InsomniaCookies.com and follow along on Instagram, Facebook, X, and TikTok.

About Verlinvest
Verlinvest is an international, family-backed evergreen investment company. It identifies inflection points in consumer behaviors and partners with the businesses that are driving these consumer revolutions forward while having a positive impact. Established in 1995, with offices in Brussels, London, New York, Mumbai, and Singapore, Verlinvest focuses on the FMCG, health, consumer technology, and lifestyle categories, investing across three strategies: Platform, Growth, and Venture. Its portfolio includes the likes of Oatly, Tony’s Chocolonely, K1 Speed, Vita Coco, and Mutti.

About Mistral Equity Partners
Mistral Equity Partners is a New York City-based private equity firm that specializes in the consumer and media sectors and is especially attracted to businesses that are supported by strong demographic trends and fundamental changes in consumer preferences. Mistral invests primarily in North American companies with enterprise values between $100 million and $300 million. Mistral’s principals also have invested capital through Haymaker Acquisition Corp. and its successor SPAC entities managed by Mistral CEO Andrew Heyer and Mistral Managing Director Christopher Bradley. Mistral and Haymaker portfolio investments include or have included: Jamba Juice, Lovesac, OneSpaWorld, Biote, ARKO, Vino Volo, and Shearer’s Foods.

Media Contact:
Eddie Ravert
610-731-7229
[email protected]

SOURCE Insomnia Cookies

TULSA, Okla., June 10, 2025 — T.D. Williamson (“TDW”), a global leader in pipeline infrastructure technology and services, announced today a strategic investment from funds managed by Apollo (NYSE: APO) (the “Apollo Funds”). SCF Partners, a Houston-based private equity firm specializing in energy & infrastructure services investments that acquired TDW in June 2022, will continue to retain a majority ownership stake.

TDW has been a leader in the pipeline maintenance and integrity industry for over 100 years. The company offers a comprehensive suite of maintenance and asset optimization solutions that enhance safety, reliability, and performance throughout the full lifecycle of pipeline infrastructure. A recognized technology leader, TDW holds more than 500 registered patents, including innovations in advanced isolation, integrated pigging, in-line integrity assessment and repair — deployed across both infrastructure and utility end markets.

Bob McGrew, CEO of TDW, said, “At TDW, we are committed to delivering best-in-class, technically differentiated solutions to support the evolving needs of the operators of critical pipeline infrastructure. This investment by Apollo Funds, alongside our existing relationship with SCF Partners, marks a significant milestone in our journey as we continue to invest in meeting the needs of our customers through innovation and expanding our global reach.”

Scott Browning, Partner at Apollo, said, “TDW has a long track record of innovation and serving customers across the pipeline industry value chain. We look forward to supporting TDW management and SCF to accelerate strategic growth initiatives that contribute to the safety, reliability and efficiency of energy infrastructure to help serve global energy demand trends.”

“For over a century, TDW has stood at the forefront of pipeline integrity and innovation,” commented Deviyani Misra-Godwin, Managing Director at SCF. “Over the past three years, we’ve seen tremendous growth in the company, with the team expanding its technology and product portfolio, deepening customer relationships, and continuing to lead the way on safety and operational excellence. We’re honored to continue to work alongside TDW’s world-class team and excited to welcome Apollo Funds as a strategic partner in this next chapter of growth.”

TDW and SCF Partners were advised by Vinson & Elkins LLP, while Kirkland & Ellis LLP advised the Apollo Funds.

About T.D. Williamson

T.D. Williamson (“TDW”) serves the gathering, transmission, and distribution sectors of the pipeline industry with a global portfolio of products and services, including advanced isolation, integrated pigging, integrity assessment and repair solutions. With both onshore and offshore applications, TDW offers expansive pipeline maintenance and asset optimization activities. TDW cultivates long-term relationships with pipeline operators that endure throughout the life of a pipeline. To learn more, visit www.tdwilliamson.com.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

About SCF Partners

Founded in 1989, SCF provides equity capital and strategic growth assistance to build and grow leading energy service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 80 platform companies, made more than 370 additional acquisitions, and developed 18 publicly listed energy service and equipment companies over its history. The firm is headquartered in Houston, Texas, and has offices in Aberdeen and Australia. For more information, please visit www.scfpartners.com.

Media Contact:
Kat Eaton
Sr. Manager, Marketing Communications
T.D. Williamson
[email protected]

SOURCE T.D. Williamson

Fund is backed by nine institutional investors and further cements Plug and Play as the largest
corporate innovation platform in the world

SUNNYVALE, Calif., June 10, 2025 — Plug and Play, one of the world’s most active early-stage investors, announced today during its Silicon Valley June Summit 2025 the closing of its $50 million Fintech & AI Fund with nine institutional investors. Plug and Play runs nine funds in total.

The fund is the largest industry-themed fund the company has raised to date and invests in companies globally. The fund reflects the evolution of the innovation journey taken by many high-profile financial services companies.

Over the years, many of Plug and Play’s limited partners have actively participated in pilot and innovation programs and aided in collaborative development efforts. This participation reinforces the partners’ trust in Plug and Play and its ability to recognize, fund, and scale innovative technologies.

“Plug and Play’s ecosystem has been a valuable source of innovation and market insight,” said Sandeep Manchanda, Head of Insurance M&A and Partnerships at EXL, one of the investors of the fund. “With this fund, we’re taking that engagement even further – partnering earlier and more strategically with the AI-driven technologies shaping the next chapter of insurance and financial services.”

Plug and Play made the fund announcement during the Enterprise & AI Expo, a part of the Silicon Valley June Summit 2025. The event features three days of more than 75 speakers and more than 200 startups coming together to discuss and demonstrate a range of technologies at the company’s Sunnyvale headquarters.

“AI is changing everything and industry startups are scaling faster than ever,” said Eugenio Gonzalez, Partner at Plug and Play. “The fund supports our value proposition of accelerating sales cycles by connecting companies with the right decision makers at global corporations. It is a key part of this dynamic ecosystem that includes a roster of entrepreneurs and corporations we’ve developed over the years. It reflects a shift from shorter-form experimentation to long-term value creation as this fund allows us to back exceptional founders earlier and support them more meaningfully as they build the future of fintech, enterprise, and insurtech.”

In addition to capital, Plug and Play provides portfolio companies with access to a global network of over 550 corporate partners across more than 25 industries. This network provides startups with opportunities, including pilot projects, customer acquisition, and revenue growth. Plug and Play brings a strong track record, with more than 300 successful exits and a global portfolio of thousands of startups.

About Plug and Play
Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Turing, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/.

© Plug and Play Financial Services Fund I, L.P. (legal entity of the Fintech & AI Fund)

Plug and Play Press Contact
Jacky Tsang
Senior Communications & PR Associate
[email protected] 

SOURCE Plug and Play

WASHINGTON, June 10, 2025 — Trustible™, a leading AI governance platform enabling safe and compliant AI adoption, today announced a $4.6 million Series Seed financing round. The round was led by Lookout Ventures, with participation from the Office of Eric Schmidt, Tau Ventures, Inner Loop Capital, Alumni Ventures, FoundersX, former Deloitte CIO Larry Quinlan, former Relativity CEO Mike Gamson, and former Washington DC Mayor Adrian Fenty, alongside existing investors Harlem Capital, Vamos Ventures, and JHH VC.

“We’re thrilled to lead Trustible’s latest financing round,” said Will Rayner, General Partner at Lookout Ventures. “Trustible’s ability to enable customers to accelerate AI adoption in complex, enterprise environments sets them apart. The team’s vision and execution to-date convinced us this was the right company to tackle this enormous market opportunity.”

“We’re proud to partner with Lookout Ventures and our exceptional group of investors who share our conviction for AI governance as a strategic enabler of AI adoption,” said Gerald Kierce, Co-Founder and CEO of Trustible. “This capital will fuel our next stage of growth as we scale our team, deepen product capabilities, and empower even more global organizations to accelerate safe and compliant AI adoption.”

The backing from investors with deep expertise in artificial intelligence, enterprise software, cybersecurity, and privacy underscores Trustible’s central role in helping enterprises govern AI systems effectively and at scale.

“Ensuring the responsible adoption of AI is one of the greatest challenges—and opportunities—of our time,” said Dr. Eric Schmidt, angel investor in this round. “Trustible uniquely addresses this critical need, and I’m excited to support their vision for safer, scalable AI adoption.

A Microsoft Security study published last month revealed that an overwhelming 91% of senior executives surveyed admitted their organizations are “not prepared to manage the risks” posed by AI, and 85% said they feel unprepared to comply with emerging AI regulations. Trustible is addressing this problem for its customers—38% from the Fortune 500, 62% publicly traded companies, and over 87% with global operations—by embedding Trustible’s AI governance intelligence and capabilities across their legal, compliance, security, and technology functions.

Trustible’s AI-enabled software platform has become a critical accelerator of AI adoption, helping organizations move beyond experimentation and into production with confidence. One Fortune 500 customer in the CPG industry doubled the number of AI use cases since adopting Trustible. The platform provides enterprises with the capabilities they need to align AI innovation with risk, compliance, and ethical standards—unlocking value while safeguarding against reputational and regulatory pitfalls:

• Centralized Oversight & Control of Enterprise AI Use: A unified platform to govern AI—spanning internal and third-party systems use cases, models, and vendors—to provide visibility, accountability, and collaboration across the organization.
• Integrated AI Risk & Compliance Management: Continuous monitoring and embedded workflows that translate global regulations and internal policies into AI assessments, automated risk intelligence, and approval gates.
• Actionable Intelligence & Guided Governance for AI: Taxonomies, recommendation models, and in-app guidance fuse Trustible’s deep AI and policy expertise into the platform, delivering tailored insights that simplify governance decisions, highlight emergent risks, and accelerate responsible AI adoption.

For media inquiries, interviews, or additional information, please contact:

Tanner Bokor
Director of Marketing
(703) 307-9572
[email protected]

About Trustible
Trustible is the leading AI governance platform enabling safe and compliant AI adoption. Their AI governance platform enables enterprises to identify, measure, and mitigate AI risk to accelerate AI adoption. The company is headquartered in the Washington D.C. area. For more information, visit trustible.ai.

About Lookout Ventures

Lookout Ventures invests in seed stage enterprise tech startups located outside of Silicon Valley. Our partners have been thematically focused on investing in AI, cybersecurity, infrastructure software, and vertical SaaS for over a decade. Lookout has offices in Washington, D.C. For more information, visit www.lookoutventures.com.

SOURCE Trustible

Agentic AI, Defense Tech, and Industrial Automation Propelling the Sector

SAN FRANCISCO, June 10, 2025 — Venture Capital (VC) investment in frontier technology is up 47% year-over-year, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI-driven demand for compute power, VC-backed defense innovations, and rapid growth in industrial automation are driving record-setting growth for the sector. 

“Within the innovation economy, frontier tech bears the brunt of supply chain challenges,” said Jack Garza, Head of SVB Frontier Technology. “However, despite economic uncertainty and potential tariffs, the sector is showing significant growth as VCs indicate strong enthusiasm for leveraging frontier tech for fundraising.”

SVB defines frontier technology as cutting-edge technology powered by innovation or scientific advances, enabling the convergence of hardware and software. Sub-sectors include compute infrastructure, aerospace and defense, industrial automation, mobility, and immersive technology. Utilizing proprietary data and insights, the Future of Frontier Technology 2025 Report unpacks the current fundraising landscape, sector trends, and key growth areas within the sector.

Key findings from the report include:

• VC Fundraising in Hardware at 10-Year High: A third of fundraising dollars went to hardware-focused VC funds, representing the highest share in a decade and up from 20% in 2021.
• VCs Gaining Ground in Emerging Sectors: Total VC investment in defense and aerospace surpassed $4 billion in 2024 and is on track to hit $12 billion by the end of 2025.
• AI and Robotics Integration Dominating Budgets: VCs are strengthening their AI compute and hardware investments. With generative AI adoption gaining significant traction, investment in industrial robotics is also increasing.
• Defense Innovation Gaining More Support: Since 2019, annual VC investment in defense technology exceeded the annual budget for the Defense Advanced Research Projects Agency (DARPA), indicating a notable shift in defense innovation funding.
• Frontier tech unicorns are raising: More than 50% of frontier tech unicorns have raised funding in the last two years.

Learn More

To read the complete Future of Frontier Technology 2025 report, click here: Future of Frontier Technology 2025 Report

Silicon Valley Bank is a leader in providing market insights on sectors across the innovation economy. For the complete library of Silicon Valley Bank’s signature reports, please visit Market Research Industry Trends & Insights | Silicon Valley Bank (svb.com)

About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity, and venture capital industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights, and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with over $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com

SOURCE Silicon Valley Bank

COLORADO SPRINGS, Colo., June 10, 2025 — Colorado ONE Fund, the venture capital arm of ONE Funds dedicated to advancing critical technologies, today announced a seed-stage investment in HighGround, a pioneering platform that accelerates access to the complex U.S. government market for startups, investors, and technology companies.

HighGround addresses the challenges of navigating government procurement by offering a modern, cloud-based platform that streamlines how to unlock the government marketplace. By reducing barriers, HighGround empowers investors and operators to win faster and more efficiently.

“HighGround is tackling one of the most promising—and often overlooked—markets in the U.S. economy,” said Kevin O’Neil, CEO of ONE Funds. “Their platform unlocks significant market potential for dual-use and defense-adjacent technologies while enhancing national security and competitiveness.”

HighGround’s headquarters at Catalyst Campus in downtown Colorado Springs positions the company at the heart of government innovation and technology development. The seed investment will support team growth, feature enhancements, and onboarding of the first cohort of users. Currently in closed beta, HighGround is working with key partners across the government-facing venture and technology ecosystem.

“Partnering with Colorado ONE Fund validates our mission to build a smarter, faster path into the government market,” said John Price, CEO and Co-Founder of HighGround. “Their investment accelerates our vision of transforming how technology companies and investors access this high-potential space.”

About HighGround
HighGround is a SaaS platform designed to help investors and operators seamlessly access and succeed in the U.S. government market. By simplifying compliance, procurement, and market entry, HighGround unlocks growth opportunities across defense, infrastructure, health, and science. Learn more at www.highground.market.

About ONE Funds
Founded in 2023, ONE Funds focuses on impact investing in the defense sector. With a unique ecosystem, ONE Funds connects defense technology innovators with government leadership, applying a strategic consortium model to grow small businesses. Boasting 250 years of cumulative defense experience, ONE Funds invests in aerospace and national defense technologies to deliver strong returns while advancing critical security innovations. As part of ONE Funds, Colorado ONE Fund partners with the Colorado Venture Capital Authority (VCA) to back early-stage, high-impact technologies supporting national defense. Learn more at www.onefunds.com.

German Nunez  
Managing Director 
[email protected]

SOURCE ONE Funds

NEW YORK and PROVIDENCE, R.I., June 10, 2025 — Wealthbox, the #1-rated CRM software platform for financial advisors, announced today that it has entered into a definitive agreement for a $200 million strategic majority investment from Sixth Street Growth, the growth investing business of leading global investment firm Sixth Street. The partnership marks a major milestone in Wealthbox’s evolution and positions the company to further scale its operations, accelerate product development, and expand its footprint across the wealth management industry.

The investment from Sixth Street Growth reflects the firm’s strong conviction in Wealthbox’s management team, its modern and intuitive product, and a forward-looking roadmap that includes the development and rollout of innovative AI features designed to drive advisor productivity and firm-wide efficiency. The funding underscores the company’s strong position in the independent advisor market, its expanding opportunity in adjacent wealth-tech categories, and strategic trajectory upmarket to larger RIA firms and enterprise broker-dealers.

“This partnership with Sixth Street is a defining moment for Wealthbox,” said John Rourke, CEO and Co-founder of Wealthbox. “We’ve spent years building a modern, elegant CRM that advisors truly enjoy using. With Sixth Street’s backing, the new funding will allow us to move faster than ever to extend our leadership in the market and deliver even more value to advisory firms of all sizes.”

This investment will enable a new chapter of growth. Wealthbox plans to accelerate product development, expand integrations across the advisor tech stack, and deepen its enterprise capabilities to meet the needs of increasingly complex advisory firms.

“Wealthbox’s platform combines user-friendly simplicity with powerful capabilities, underpinned by a deep commitment to customer satisfaction, and we believe that it offers a valuable, advisor-centric CRM solution for the wealth management channel,” said Michael McGinn, Partner at Sixth Street and Co-Head of Sixth Street Growth. “We are pleased to partner with Wealthbox to support its next phase of innovation.”

As part of the transaction, Michael McGinn, as well as Paul Dodd, Operating Partner, and Alex Goodman, Principal at Sixth Street Growth, will join Wealthbox’s Board of Directors.

Frontier Growth—Wealthbox’s existing investor—will retain its position in the company by rolling over a substantial portion of its equity into the recapitalization.

Wealthbox will continue to operate under its current leadership team, with management also reinvesting meaningfully, underscoring their long-term commitment to the business and its future trajectory.

About Wealthbox
Wealthbox, owned by Starburst Labs, Inc., is a leading CRM platform for financial advisors, known for its intuitive design, powerful features, and seamless integrations. Thousands of advisory firms use Wealthbox daily to manage client relationships, streamline operations, and grow their businesses. Learn more at www.wealthbox.com.

About Sixth Street Growth
Sixth Street Growth makes investments in mid- and late-stage technology companies. The Sixth Street Growth team partners with founders and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $100 billion in assets under management and committed capital. Sixth Street has invested over $10 billion in more than 70 companies through its Growth franchise since inception. For more information, visit www.sixthstreet.com/growth, and follow Sixth Street on LinkedIn.

SOURCE Wealthbox

COLUMBUS, Ohio, June 10, 2025 — ARCOS® LLC, the leading field operations and workforce management solution provider for utilities and critical infrastructure industries, today announced a new strategic growth investment from Bain Capital. The partnership will support a variety of growth and product innovation initiatives across the business. Terms of the private transaction were not disclosed.

ARCOS is the only field workforce management system designed for utilities that integrates data from disparate systems of record to provide field workers and central operations real-time situational awareness, enabling them to safely and efficiently perform the full spectrum of field operations to manage both planned and unplanned field operations.  ARCOS’ AI-enabled software solutions are leveraged by customers from Fortune 150 energy companies to municipal utilities to power and transform their field management operations. 

“Now more than ever utilities face increased strain on their grids as they address rising energy demands, climate change impacts, the integration of renewable energy sources and the replacement of aging infrastructure,” said Paul Bernard, CEO of ARCOS. “We are excited to continue to drive the digital transformation of the utility industry with our expanding suite of AI-powered, modern and mission-critical field operation solutions.” ARCOS’ recent acquisition of Clearion expands its capabilities into adjacent areas such as vegetation and asset management, strengthening its position as the most comprehensive field operations and workforce management platform for utilities. The partnership with Bain Capital will support continued investment in key products like Mobile Workbench, enhancing field crew productivity, while also enabling continued inorganic growth to further expand ARCOS’ platform capabilities.

“ARCOS provides an essential platform for modernizing how utilities respond to increasingly complex operational demands — from extreme weather to grid modernization and workforce constraints,” said Matt Evans, Partner at Bain Capital. “We are thrilled to partner with Vista and the ARCOS team to further accelerate innovation and build on the Company’s clear leadership in field operations technology during this next phase of growth. This investment is designed to provide a flexible capital solution to support ARCOS in further scaling its mission-critical impact.”

“ARCOS has established itself as a vital technology platform for the utilities and critical infrastructure industries by providing easy-to-use digital tools that help organize, automate and optimize their customers’ complex and variable field service operations,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We look forward to building on this momentum with Bain Capital and further strengthening ARCOS’ commitment to product and operational excellence.”

About ARCOS LLC
ARCOS provides innovative field workforce management solutions that help utilities and other critical infrastructure industries manage people, work, and assets in a single platform. ARCOS enables utilities to quickly mobilize personnel for blue and grey sky work, manage native and non-native crews in a single system, and accelerate operations with field mobility tools that deliver real-time situational awareness and significant productivity improvements. More than 200 utilities rely on ARCOS to advance safety, reduce field costs, and improve response times and customer satisfaction. To learn more, visit https://www.arcos-inc.com. Follow @ARCOS on LinkedIn.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.BainCapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

About Vista Equity Partners
Vista is a global technology investor that specializes in enterprise software. Vista’s private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of December 31, 2024, Vista had more than $100 billion in assets under management. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

Media Contact:
Jenn Pratt
404.655.2273
[email protected]

SOURCE ARCOS

CHICAGO, June 10, 2025 — Moderne Ventures is pleased to announce its spring 2025 Passport Class. Moderne Ventures is a strategic venture capital and growth equity firm investing in disruptive technology companies across Enterprise SaaS, AI, Robotics, Deep Tech, Sustainability, Data, and Digital Transaction Management. The Moderne Passport Program is an intensive six-month industry immersion program providing its participants with education, exposure, insight, and relationships to drive customer growth.

“Moderne is a generalist investor with vertical expertise. We are intentionally looking for breakthrough technologies that can transform our core industries – real estate, insurance, finance and sustainability – and expand beyond them to capture larger venture returns,” said Constance Freedman, Founder and Managing Partner of Moderne Ventures. “This latest Passport cohort brings innovations ranging from AI-powered security to revolutionary recycling and data intelligence platforms.”

The Moderne Passport program hosts companies of all stages – in this cohort, companies range from Seed to Series B and have raised over $158M+ in aggregate of funding with collective valuations of $472M+. The companies are:

• Acres (acres.com) – (Fayetteville, AR): Comprehensive land intelligence for smarter investments, seamless expansion and efficient transaction management
• Keyway (keyway.ai) – (New York, NY): Sophisticated, domain-specific AI for multifamily market intelligence, revenue management and document workflow automation
• Moii (moii.ai) – (Troy, MI): AI-powered video analytics transforming security cameras into intelligent vision assets—optimizing operations, mitigating risks and delivering real-time actionable insights
• Rejig.ai (rejig.ai) – (San Francisco, CA): An AI-powered marketing agent delivering revenue-ready social content, ensuring compliance and growing brands without costly marketing teams
• Trashie (trashie.io) – (New York, NY): Get rewarded for getting rid of junk. Send Trashie unwanted stuff, earn TrashieCash, shop smarter.

“We’re proud to welcome our 22nd Passport cohort, having supported over 150 companies through the program. Moderne helps companies break into complex industries by providing targeted access to potential customers, strategic capital and real-time feedback from our network of leading operators. By tapping into our deep relationships with industry partners, we help companies unlock new distribution channels and accelerate meaningful growth,” said Carolyn Kwon, Head of Platform at Moderne Ventures.

Moderne Ventures accepts Passport applications on a rolling basis with the next class launching in the fall.

About Moderne Ventures

Moderne Ventures is a strategic, multi-stage Venture Capital firm with a 17-year track record, generating top tier returns across five funds. Moderne is a generalist investor with vertical expertise focused on emerging technologies like Enterprise SaaS, AI, Robotics, Data, Sustainability, and Digital Transaction Management particularly where they can apply to both Moderne’s core industries and expand beyond them to address multitrillion dollar markets and have the potential to deliver outsized returns. 

Moderne’s ‘secret sauce’ is bringing Customers to its Portfolio Companies. Moderne runs both its Funds and its proprietary Industry Immersion Program, the Moderne Passport, designed to foster innovation, partnership and growth between industry partners and emerging technology companies. Moderne has built an extraordinary network of over 1,500 executives and corporations within multitrillion-dollar industries ripe for innovation and disruption including real estate, finance, insurance, and sustainability and programmatically connects its portfolio to its industry network through the Moderne Passport to help generate growth for the portfolio and outsized returns to investors.

Moderne has invested in over 150 companies across five funds, and has built a stellar track record as a lead investor in companies like DocuSign, ICON, Proof, Caribou, Porch, Trust & Will and Xeal.

CONTACT: Carolyn Kwon, [email protected]

SOURCE Moderne Ventures