SANTA BARBARA, Calif., May 1, 2025 — Coinciding with its 25th anniversary, Mission Wealth has announced a minority investment from Great Hill Partners, a private equity firm that invests in high-growth companies. The partnership will fuel Mission Wealth’s industry-leading organic growth, enhance its client service offering, and support the firm’s national expansion plans. Mission Wealth remains proudly independent and will be majority owned by its employees. Terms of the transaction were not disclosed.

Mission Wealth is a leading wealth management firm based in Santa Barbara, California, with 35+ offices across the United States. Founded in 2000, the firm provides comprehensive financial services, including financial planning, investment management, estate planning, tax planning, retirement planning, asset protection, charitable giving, and support for personal life goals. Mission Wealth offers holistic wealth management services to over 4,100 high-net-worth individuals and families across the country, providing specialized guidance through major life events with a service-oriented culture focused on helping clients lead more fulfilled lives.

“As we celebrate our silver anniversary, we are thrilled to welcome Great Hill as a key partner in our mission to help our clients realize true wealth,” said Matthew Adams, CEO of Mission Wealth. “This partnership brings vital resources and additional intellectual capital to our firm, enabling us to serve clients in new ways, accelerate our organic growth initiatives, bolster our mergers and integrations team, and further invest in our technology stack. Great Hill’s partnership is a strong endorsement of our business model, culture, and team, and their track record of collaborating with founders and management teams will be instrumental in driving our ambitious growth trajectory.”

Matthew Vettel, Managing Director of Great Hill, commented, “We are excited to embark on this journey with Mission Wealth. They have an exceptional leadership team, strong culture and a comprehensive platform to support their advisors and clients. Mission Wealth is a recognized leader in the wealth management industry with an unwavering commitment to superior client service and innovation which has fueled their impressive growth. We look forward to supporting their strategy to expand both organically and through strategic mergers, while helping them build on their legacy of excellence.”

As part of the transaction, Matthew Vettel will join the Mission Wealth Board of Directors. Seward & Kissel acted as legal counsel to Mission Wealth on the transaction. Great Hill was advised by Ardea Partners LP who served as exclusive financial advisor and Goodwin Procter LLP who served as legal counsel.

About Mission Wealth
Mission Wealth is a nationally recognized RIA that manages over $10.7 billion in assets under management. Known for its comprehensive service model driven by a world-class technology stack, Mission Wealth offers financial planning, investment counsel, tax planning, tax preparation, estate planning, philanthropic advice, and asset protection solutions tailored to each client’s individual goals. 

About Great Hill Partners
Founded in 1998, Great Hill Partners is a private equity firm targeting investments in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones’ Mid-Market and Large Buyout Performance Ranking lists from 2021-2024. For more information, including a list of all Great Hill investments, visit www.greathillpartners.com.

MISSION WEALTH IS A REGISTERED INVESTMENT ADVISOR. 00751909 05/25

SOURCE Mission Wealth Management, LP

Firm exceeds target capital, signaling strong market demand for its operator-led investment strategy

NEW YORK, May 1, 2025 — Smith Point Capital Management, LLC, an operator-led venture capital firm shaping the intelligent enterprise, today announced the final closing of its inaugural fund, Smith Point Capital Fund I, L.P., with more than $360 million in aggregate commitments, exceeding its target of $300 million.  

Smith Point Capital’s operator-led investment approach attracted significant interest from emerging technology companies as well as institutional investors, foundations, endowments, family offices, and strategic investors. As of the final closing, the Fund already holds six portfolio investments representing $145 million of invested capital – a testament to both the strength of the Firm’s strategy and the market’s appetite for its differentiated value proposition.

“The new intelligent enterprise will be built through experienced partnerships and execution – not just capital,” said Keith Block, Founder & CEO of Smith Point Capital. “We launched Smith Point Capital to build a firm that provides the critical support founders need from trusted operators who have been in their shoes and can deliver actionable guidance based on real-world experience. At Smith Point Capital, we’ve assembled a team that has built and scaled some of the world’s most successful enterprise software companies. This means we’ve experienced the challenges firsthand, developed the strategies that work, and cultivated the networks and partnerships that can open doors. We’re not just providing capital; we’re providing the navigational tools to drive sustainable growth and create lasting value.”

The Firm’s careful curation of investors, operators, and its Precision Advisory Network makes it a distinctive player in the investment space, offering a blend of operational expertise and investment acumen that sets it apart from traditional investment firms. Unlike many investment firms that primarily bring financial expertise to the table, Smith Point unites world-class operating executives from industry vanguards like Salesforce, Oracle, Expedia, Celonis, and Snowflake with seasoned investment professionals from Vista Equity Partners, Salesforce Ventures, Morgan Stanley, and RCL Capital.

This dual expertise creates a powerful advantage: portfolio companies don’t just receive funding – they gain access to operators who have successfully navigated the enterprise software landscape at the highest levels. Smith Point Capital’s approach isn’t just different; it’s essential for success in today’s enterprise landscape where intelligence is reshaping every aspect of how businesses operate.

Fund I focuses on investing in enterprise software companies that deliver mission-critical technologies that reshape business processes, operations, and customer experiences. Leveraging an operator-led model, the Fund is designed to capitalize on emerging opportunities and guide portfolio companies through the complexities of growing and scaling across the enterprise software landscape. The Fund’s goal is to deliver sustainable value for both investors and entrepreneurs by combining deep operational expertise with a commitment to innovation and strategic partnerships to shape the companies who are building the intelligent enterprise.

“Smith Point’s experience and networks transcend the traditional funding models of venture capital firms, making them the perfect partner for founders and CEOs,” said Michael Amori, Co-founder and CEO of Virtualitics. “Through their Precision Advisory Network, I get the additional benefit of building relationships with a curated group of industry leaders, providing tailored guidance that accelerates our company’s growth and success.”

Smith Point Capital’s Fund I close comes at a pivotal time in the market. Founders are increasingly demanding more than just capital from their investment partners – they are actively seeking firms that will engage deeply in scaling their business and strengthen their networks. Pitchbook data shows that venture capital firms who take an active role in company-building – and who leverage powerful, deeply rooted and relevant networks – experience failure rates that are 50% lower than their peers and generate returns that are 3x-4x higher than industry averages. Having a hands-on lead investor is no longer a luxury – it has become crucial for startup survival and success.

“Smith Point Capital has been a transformative partner for AssemblyAI,” said Dylan Fox, Founder & CEO of AssemblyAI. “They truly understand the enterprise landscape and have helped us accelerate our ability to unlock an entirely new class of AI applications for our customers. In today’s market, having investors who contribute strategic expertise alongside capital isn’t just beneficial—it’s critical for companies like ours that are building the intelligent enterprise of tomorrow.”

With its first fund closed, Smith Point Capital is poised to expand its portfolio and deepen its engagement with category-defining founders across the enterprise software landscape. The Firm’s distinct blend of operational experience and strategic capital positions it to help build the next generation of intelligent, durable, and high-performing enterprise technology companies.

About Smith Point Capital

Smith Point Capital Management, LLC is a venture capital firm redefining growth equity for the intelligent enterprise. We invest in mission-critical enterprise software at the convergence of data, AI, edge computing, and precision applications. Our operator-led approach combines Fortune 500 executive experience with deep investment expertise, providing both hands-on operational support and strategic capital to help companies accelerate growth and maximize market impact. For more information, visit www.smithpointcapital.com.

SOURCE Smith Point Capital Management, LLC

– T1D Fund Joins Financing Syndicate –

– Proceeds to Fund Remainder of Phase 2a ‘ZONE’ Trial and Nonclinical Development of a Once-Weekly Version of ZT-01 –

TORONTO, May 1, 2025 – Zucara Therapeutics Inc., (“Zucara” or the “Company”) a diabetes life sciences company developing ZT-01, the first once-daily therapeutic to prevent hypoglycemia (low blood glucose levels) in people with diabetes, today announced that it has completed the second and final closing of its US$25 million Series B Financing (the “Financing”).

The T1D Fund: A Breakthrough T1D Venture and other new investors invested a combined US$5 million to complete the Financing. As previously announced, strategic investor, Sanofi, and existing investor, The Perceptive Xontogeny Venture Fund (“PXV Fund I”), invested a combined US$20 million as part of the Financing’s first closing.

“We are thrilled to close our Series B financing, which will enable us to complete our Phase 2a clinical trial and the nonclinical activities to support a once-weekly version of ZT-01,” said Michael Midmer, CEO of Zucara. “As one of the largest disease-focused impact investing funds in the world, the T1D Fund focuses on funding therapies that have significant potential for clinical impact in Type 1 diabetes, so we are delighted to have their support.”

T1D Fund Managing Director, Sylvia Tobé, commented, “Our investment builds on funding that our parent organization, Breakthrough T1D, previously granted to Zucara to support the discovery and clinical development of ZT-01. Having followed Zucara for some time, we are excited to support the further advancement of this promising candidate that has the potential to address a common and potentially life-threatening complication of Type 1 diabetes.”

In connection to the Financing, Dr. Tobé will join Zucara as a Board Observer. Dr. Tobé is an experienced biotech industry professional with over a decade of experience in the sector. Prior to joining the T1D Fund, she was a Principal on the investment team at Omega Funds, where she focused on early-stage investments and company creation in various therapeutic areas. She also previously served at publicly traded Ra Pharmaceuticals, a peptide drug discovery company, where she provided scientific leadership for multiple discovery programs within its internal pipeline and in collaboration with Merck. Dr. Tobé is a Board Director at DiogenX and a Board Observer at various biotech companies across the auto-immune and regenerative spaces.

Proceeds from the Financing are expected to fund the remainder of Zucara’s ongoing Phase 2a trial of the effect of ZT-01 On Nocturnal hypoglycemia Events in Type 1 diabetes (“T1D”) mellitus (“ZONE”), and the nonclinical development of a once-weekly version of ZT-01.

About The T1D Fund

The T1D Fund is an impact investment fund focused on accelerating life-changing solutions to treat, prevent, and ultimately cure type 1 diabetes (T1D). Launched in December 2016, the T1D Fund is a unique, evergreen construct that is the first scaled, mission-driven venture fund established to catalyze the development of T1D cure-oriented therapies through equity investments. By partnering with additional sources of capital, including venture capital, corporations, and foundations, the T1D Fund is able to attract and effectively deploy capital towards disease-modifying therapies and potential cures for T1D.  Managed by a dedicated team of investment professionals and supported by its foundational partners – including Breakthrough T1D (formerly JDRF) and the Helmsley Charitable Trust, the leading global organizations funding T1D research – the T1D Fund continues to pursue innovative approaches that have the curative potential to make a significant impact for people living with T1D. For more information, visit t1dfund.org or follow the T1D Fund on LinkedIn.

About ZT-01

ZT-01 is designed to prevent potentially dangerous low blood glucose by restoring the body’s ability to counterregulate hypoglycemia. In people without diabetes, α-cells secrete glucagon that signals the body to release its own glucose stores to prevent or reverse hypoglycemia. However, in people with insulin-dependent diabetes – including those with T1D and insulin-dependent Type 2 diabetes – evidence suggests that elevated secretion of pancreatic somatostatin suppresses glucagon release from α-cells. Zucara has demonstrated that, in people with T1D, the glucagon response can be increased with ZT-01, a first-in-class SST receptor 2 antagonist.

About Zucara Therapeutics Inc.

Zucara Therapeutics is developing ZT-01, a first-in-class, once-daily therapeutic to prevent hypoglycemia in people with T1D and insulin-dependent Type 2 diabetes. ZT-01 is designed to inhibit somatostatin, a pancreatic hormone that impairs the glucagon response to hypoglycemia in people with these conditions. ZT-01 is designed to restore glucagon secretion to prevent hypoglycemia, which could dramatically change diabetes disease management and improve both patient health and quality of life. For more information, visit www.zucara.ca.

SOURCE Zucara Therapeutics Inc.

GUANGZHOU, China, May 1, 2025 — EnChannel Medical, a breakthrough innovator in cardiac electrophysiology, today announced the successful completion of an oversubscribed Series B financing, raising $82.2M (600M RMB). The round was co-led by Dragonball Capital and existing investor Lilly Asia Ventures (LAV), with continued strong support from Lapam Capital.

This financing marks one of the largest private investments in China’s medical device sector since 2023. EnChannel’s previously completed its Series A round of $27.8M (195M RMB) in August 2023. Proceeds from the Series B round will accelerate product development and advance clinical registration trials both in China and internationally.

“EnChannel’s platform integrates full-chamber action-potential mapping with pulsed-field ablation to address long-standing unmet needs in atrial fibrillation treatment,“ said Jun Feng, CEO of EnChannel Medical. “We’re grateful for the strong support from new and returning investors and encouraged by early clinical data from our ongoing studies. Key results were presented at the Heart Rhythm Society Meeting in San Diego, held April 24-27.“

About EnChannel Medical
Founded in 2020 by a team of seasoned electrophysiology innovators from both the United States and China, EnChannel is developing a holistic platform that unifies magnetic-impedance navigation, intracardiac echocardiography, full-chamber 5D action-potential mapping, and mid-voltage (<1000 V) pulsed-field ablation to deliver safe and personalized treatment for patients with atrial fibrillation.

Headquartered in Guangzhou, with an R&D subsidiary in Irvine, California, EnChannel is well positioned to expand its global innovation and advance its mission to transform AF care through data-driven, patient-specific therapy solutions.

For more information, visit http://www.enchannel.com and follow us on LinkedIn.

The DePolar® Mapping System and the NanoAblate® PFA System are investigational devices and are limited by federal (or United States) law to investigational use.

Media Contact
Bradley Wegrzynowicz
(610)462-0197
[email protected] 

SOURCE EnChannel Medical Ltd.

By embedding instant crypto-to-stablecoin conversion into Apple Pay, Mesh makes spending crypto as simple as any tap-to-pay fiat transaction

DUBAI, UAE, May 1, 2025 — Mesh, the first truly global crypto payments network, today unveiled its Apple Pay integration live on stage at Token2049 during Co-Founder and CEO Bam Azizi’s keynote address. This marks the first public demonstration of the new capability – available later in Q2 – that will enable merchants partnered with Mesh to accept crypto payments through Apple Pay without building their own crypto infrastructure.

The new Apple Pay integration leverages Mesh’s proprietary SmartFunding technology, which allows users to pay with the crypto of their choice, such as BTC, ETH, or SOL, while merchants settle in the stablecoin of their choice, such as USDC, USDT, PYUSD, and others. Breaking down this inherent misalignment of incentives between consumers and merchants topples the largest barrier preventing crypto payments from becoming a mass market product to date. Users simply select the Apple Pay option at checkout, authenticate with Face ID, and complete the transaction as they would with any fiat payment.

“We believe that as soon as crypto payments are as seamless as fiat payments, nothing is left to stop the mass migration of global commerce onto blockchain rails. Crypto already offers countless benefits over fiat, and Mesh is solving the UX and convenience pieces,” said Bam Azizi, CEO and Co-Founder of Mesh. “With our Apple Pay integration, we’re solving crypto‘s existential last-mile problem, bringing to life a plug-and-play solution that turns on global crypto payments through our existing partners.”

As demonstrated live moments ago by Azizi, Merchants with physical retail locations will now be able to leverage Apple Pay’s NFC capabilities, offering customers the same frictionless experience in-store as they experience online. And this innovation isn’t limited to point-of-sale terminals  – it extends to e-commerce, too.

Mesh’s latest innovation comes on the heels of its $82 million Series B fundraise, led by Paradigm, with participation from Consensys, QuantumLight Capital, Yolo Investments, and others.

With over 300 integrations – including Coinbase, Binance, MetaMask, Phantom, and more – Mesh’s infrastructure ensures broad access and seamless connectivity across the crypto payments ecosystem.

For more information about Mesh, visit https://meshconnect.com/.

About Mesh

Founded in 2020, Mesh is building the first global crypto payments network, connecting hundreds of exchanges, wallets, and payment service providers (PSPs) to enable seamless crypto payments and stablecoin conversions. By unifying these platforms into a single network, Mesh is pioneering an open, connected, and secure payments ecosystem. For more information, visit https://www.meshconnect.com/.

Contact: [email protected]

SOURCE Mesh

New funding will accelerate Plenful’s platform expansion to enhance operational efficiency and deepen adoption across top healthcare systems

SAN FRANCISCO, April 30, 2025 — Plenful, the leading AI workflow automation platform modernizing healthcare operations, today announced a $50 million Series B funding round. The round is co-led by Mitchell Rales, co-founder of Danaher Corporation, who also joins Plenful’s board and Arena Holdings, with participation from Notable Capital, Bessemer Venture Partners, TQ Ventures, Susa/Kivu Ventures, and other leading investors. This brings Plenful’s total funding to $76 million and will accelerate product development and go-to-market efforts to meet growing demand across the healthcare ecosystem.

“Healthcare teams have long been under immense strain from the sheer volume and complexity of their work. The need for change has never been more urgent,” said Joy Liu, founder and CEO of Plenful. “Plenful was built by healthcare operators for healthcare operators, and as such, we deeply understand the mission-critical work these teams do every day. By partnering closely with our customers and automating workflows, we’re offering a better way for healthcare staff to work. One that improves compliance, drives revenue, saves time, and supports their teams and the patients they care for.”

Solving Healthcare’s $1 Trillion Admin Problem

The U.S. healthcare system spends nearly $1 trillion each year on administrative tasks — a burden that contributes to labor shortages, employee burnout, and a growing crisis in access to quality care. A Google Cloud/Harris Poll survey found that 81% of medical staff and 77% of claims staff say that administrative work contributes to burnout, with two-thirds of providers expressing serious concern over human error in these processes. Yet most healthcare organizations still rely on outdated systems, complicating workflows with siloed, messy data across multiple formats and touchpoints. Critical institutional knowledge often lives only in the heads of a few overburdened employees, creating additional risk and fragility in day-to-day operations.

Plenful’s platform automates these workflows using AI purpose-built for healthcare. It handles messy, disparate workflows across formats, systems, and departments, reducing errors and streamlining operations while providing real-time reporting and task management for healthcare staff. Leading healthcare organizations like Medical University of South Carolina (MUSC), Cencora, Renown Health, Shields Healthcare Group, and Samaritan Health use Plenful to decrease time and costs, drive compliance, and unlock new revenue.

Expanding Across Use Cases and Markets

Plenful’s most widely adopted use cases include prior authorization, 340B compliance and missed opportunity auditing, and order and referral data entry. With this new funding, the company will expand its platform to address more unmet needs across healthcare, deepening its presence in the pharmacy, health systems, provider groups, and payor markets where it’s already seeing strong traction.

“Plenful is tackling some of healthcare’s toughest challenges with an AI platform that’s already driving meaningful, measurable results for their customers,” said board member and Danaher Corporation Co-Founder Mitchell Rales. “And what truly gets me excited is the team. Joy is a visionary leader with remarkable learning agility and deep healthcare expertise, supported by a team whose execution and creativity are exceptional.”

“The healthcare market is ripe for transformation, and Plenful is positioned to lead that shift,” said Chelcie Taylor, investor at Notable. “Their ability to deliver immediate ROI and drive efficiency at scale gives them a significant edge as healthcare organizations increasingly turn to AI to solve entrenched administrative challenges.”

Trusted by Industry Leaders, Proven at Scale

Plenful has experienced over 4x year-over-year growth and is now trusted by more than 60 leading U.S. healthcare organizations, underscoring strong market demand for proven, AI-driven automation in healthcare.

“What could take a large team many hours only takes seconds with Plenful, and the reporting they provide is more accurate than our previous solution,” said Savannah Randolph, pharmacy services analyst at Samaritan Health Services. “We’ve reduced our time spent by 96%; it’s incredible. Plenful has enabled us to redeploy staff to higher-value tasks and operate more efficiently overall. And with their scalable platform, we’re excited to expand into other use cases to continue unlocking value.”

“Plenful’s team has been a true pleasure to work with,” shares Adam Porath, vice president of pharmacy at Renown Health. “They come from pharmacy operations themselves; they just get it. We’re expanding our use of the platform this year and looking forward to realizing even more operational efficiencies.”

“We couldn’t be more excited about what’s ahead,” Liu shares. “This funding allows us to invest deeply in our team as we scale, especially across machine learning, engineering, product, partnerships, and customer success. We’re building for the long term, and that starts with growing a world-class team to support our customers and deliver on our vision.”

About Plenful

Plenful is the leading AI workflow automation platform transforming how healthcare teams work. Built to empower healthcare operators and the patients they serve, Plenful enables healthcare organizations to scale operations with speed, precision, and intelligence. By combining deep human expertise with purpose-built AI, Plenful automates complex workflows to eliminate inefficiencies, enhance compliance, and unlock critical revenue. Trusted by top pharmacies, health systems, providers, and payors, Plenful powers smarter, faster, and more affordable healthcare operations. To learn more, visit Plenful.com.

Media Contact:
Abby McAdams, ASM Communications
[email protected]

SOURCE Plenful

Co-founder and CEO of Cardlytics, Greenlight CMO to Provide Decades of Operational and Marketing Expertise to Portfolio Companies as Firm Enters 25th Year of Fintech Investing

ATLANTA, April 30, 2025 — TTV Capital, an early-stage fintech venture capital firm, today announced that Lynne Laube and Rachel Hamilton have joined as venture partners. In these roles, Lynne and Rachel will provide strategic counsel to TTV Capital’s portfolio companies based on their decades of experience scaling early-stage fintech companies. Today’s news arrives as TTV Capital marks its 25th year of investing from its home base in Atlanta, the center of the fintech ecosystem.

“We started investing in fintech during the early days of the internet, which was one of the most consequential enabling technologies for the financial sector. But now, as we witness exponential advancements in AI, we have an even bigger opportunity ahead of us,” said Gardiner Garrard, Co-founder and Managing Partner of TTV Capital. “With two new venture partners, we are even better positioned to support our portfolio companies across early- and growth-stage operations and marketing. Our promise to our investors has always been to drive returns, and by adding Lynne and Rachel, we’ve assembled the strongest possible team to do just that.”

Lynne Laube is the co-founder and former CEO of Cardlytics (NASDAQ: CDLX), which she took public in 2018. Under her leadership, Cardlytics pioneered banking rewards and loyalty programs to become one of the fastest-growing tech companies in the U.S. When she stepped down in 2022, Lynne had scaled Cardlytics to $300 million in revenue and expanded its reach to over 180 million monthly users, transforming how financial institutions connect with their customers. She currently serves on several private and public company boards, including NerdWallet. Lynne brings more than 30 years of experience building and scaling businesses; she is uniquely qualified to provide operational support to TTV’s portfolio companies, including those that are approaching an exit.

“When I was building Cardlytics, I received tremendous guidance and support from my investors, especially TTV Capital. They provided me with practical, real-world advice from the perspective of operators and founders who had been in my shoes. I appreciated that back then and still do now,” said Lynne Laube, Venture Partner at TTV Capital. “I wanted to join TTV so that I could do the same for today’s founders. I’m looking forward to digging in with our portfolio companies to help them grow and scale their businesses.”

Rachel Hamilton is the former CMO of Greenlight, the family fintech company on a mission to help parents raise financially-smart kids. With a strong track record of building digital marketing strategies from scratch, Rachel grew Greenlight’s customer base from tens of thousands to millions, which ultimately led the company to attain a valuation of $2.3B. Prior to Greenlight, Rachel was a product marketer at Facebook, where she developed the go-to-market strategy and led teams to launch and drive adoption of the company’s most critical ad products; she was awarded a patent for her work on Meta’s dynamic sponsored content ranking algorithm. Rachel will draw from her deep expertise in digital marketing to counsel early-stage portfolio companies on growth marketing, customer acquisition, product marketing, and brand.

“In my work as a marketer, what I’ve enjoyed most is helping startups build their digital marketing strategy from the ground up. I’ve long been impressed with the TTV team’s founder-friendly approach, and I appreciate the opportunity to work hand-in-hand with early-stage portfolio companies to get their marketing efforts off the ground,” said Rachel Hamilton, Venture Partner at TTV Capital. “I’ve seen firsthand how marketing and customer acquisition can accelerate company growth, and I’m eager to support our founders as they build the next generation of fintech brands.”

The addition of Lynne and Rachel underscores TTV’s commitment to building a team that will deliver meaningful results for investors and founders alike. As part of this strategy, venture partner Paul Todd will become a full-time partner at the firm. The TTV team has been consistently recognized as a founder-friendly firm by Inc., and TechCrunch named the firm as one of the most important fintech VCs in 2025.

TTV Capital was founded in Atlanta in 2000, before the term “fintech” had been coined. The venture capital firm is indelibly linked to both the city and the emergence of fintech, having made early-stage investments in Atlanta-based pioneers including Cardlytics, Featurespace, and Greenlight. To date, TTV’s portfolio spans more than 100 companies across core financial technologies and embedded fintech, including eight that have reached valuations of $1B or more.

About TTV Capital
Founded in 2000, TTV Capital is one of the longest-running venture capital firms investing exclusively in early-stage fintech companies. We create enduring value for our investors, founders, and team by supporting our portfolio companies at every stage of growth. Our distinct approach combines deep industry knowledge with connections, resources, and founder-friendly relationships. TTV’s portfolio includes more than 100 market leaders and emerging pioneers across payments, banking, investing, and embedded finance. The firm has been named to Inc.’s Founder-Friendly Investors list, the top ten of the Founder’s Choice VC list, and Institutional Investor’s Fintech Finance 40.

TTV Capital is headquartered in Atlanta and has a presence in the Bay Area. For more information, visit www.ttvcapital.com.

SOURCE TTV Capital

Oversubscribed Series C financing round will accelerate the company’s next phase of growth, vertical integration, facility expansion, product development and implementation

CENTENNIAL, Colo., April 30, 2025 — True Anomaly, Inc. today announced its $260 million fundraise. The Series C financing was led by Accel, with participation from Meritech Capital and existing investors Eclipse, Riot Ventures, Menlo Ventures, 645 Ventures, ACME Capital, Space VC, Champion Hill Ventures, and Narya. Debt capital is being provided by Stifel Bank.

True Anomaly was founded to develop advanced autonomous defense products for U.S. and Allied space superiority. In the three years since its founding, True Anomaly has built and launched its Jackal spacecraft, designed and deployed Mosaic software, secured multiple government contracts, opened four offices and two production lines, raised $400M in capital, and built a rapidly growing world-class team. In December, True Anomaly executed its Mission X-2 campaign, and recently announced the launch of its Jackal spacecraft for development in GEO and cislunar orbits, representing critical domains within the space superiority mission set. Jackal’s balance of performance, flexibility, and adaptability will allow True Anomaly to effectively counter threats as fast as they can change.

“The threat to our Armed Forces and way of life from adversary capabilities in, from, and through space demands the complete focus of an innovative industrial partner,” said Even Rogers, CEO and co-founder of True Anomaly. “We are uniquely positioned to partner with the U.S. Government and its allies to place asymmetric, viable deterrence options into the hands of warfighters on record timelines. We’re thrilled to partner with investors who share our vision and confidence in our modular, software-centric approach, and whose support accelerates our mission to deliver resilient, affordable space capabilities that keep our nation and its allies ahead of acute emerging challenges.”

The Series C financing will support True Anomaly’s next phase of growth, vertical integration, facility expansion, product development and implementation. Over the next 18 months, True Anomaly is launching four missions across three different orbits, delivering on new product offerings, and growing its talent pool to more than 250 employees.

“True Anomaly has the right vision, products and leadership to address the critical need to defend U.S. superiority in space. Innovation in space defense is at an early stage, but True Anomaly is a clear frontrunner,” said Jonathan Turner, Partner at Accel. “Building leading capabilities in space is a difficult challenge, but we are impressed with the experience and technical expertise of the True Anomaly team. We have followed True Anomaly for some time, and we feel now is the right moment to support and accelerate their vision and product roadmap.”

In addition to product advancements and milestones, True Anomaly recently expanded its leadership and advisory team by bringing on critical industry experts Stephen Kitay as SVP of Space Defense and Frank Calvelli to the Board of Directors. In February, the company reached opened its 90,000 ft² Long Beach facility.

Full details on the round and how the funds will be used can be found on the company’s blog.

About True Anomaly 

True Anomaly is building the future of space security and resilience at the intersection of spacecraft, software, and autonomy. Our vision is to enable a secure, stable, and sustainable space environment for the US, Allies, and Partners by designing, building, selling, and fielding the solutions required to achieve space superiority.

Founded in 2022, True Anomaly is headquartered in Centennial, CO, with offices in Colorado Springs, CO, Washington, D.C., and Long Beach, CA. For more information, please visit www.trueanomaly.space and connect on LinkedIn.

About Accel Ventures
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. The firm helps ambitious entrepreneurs build iconic global businesses. For more information, visit https://www.accel.com/ 

SOURCE True Anomaly

Latest funding reflects growing urgency to know the identity behind every digital interaction — without compromising privacy, user experience, or security

SAN FRANCISCO, April 30, 2025 — Persona, the leading verified identity platform, today announced a $200 million Series D funding round, bringing the company’s valuation to $2 billion. The round was co-led by Founders Fund and Ribbit Capital, with participation from existing investors including BOND, Coatue, First Round Capital, and Index Ventures.

AI, fraud, and fragmentation are redefining online identity

“We’re facing an identity authenticity crisis, where the line between real and synthetic has become increasingly blurred,” said Rick Song, CEO and co-founder of Persona. “Identity in an AI-driven world isn’t about ticking a box, and the question is no longer ‘is this a bot or not?’ but rather ‘who is the bot acting on behalf of, and what is their intent?’ Identity is the linchpin: it reveals who is behind each action, provides context around their intent, and ultimately builds trust in a future where AI mediates more of our interactions.”

Automated traffic eclipsed human traffic on the internet for the first time in 2024 — and with the advancements in AI, it’s projected to account for over 90 percent of all internet traffic by 2030. AI systems have also surpassed human performance on all major CAPTCHA systems, further blurring the line between humans and machines online. But not all AI-driven traffic is malicious — it’s simply unidentified. As we move into this new era, the question is shifting from whether an interaction is automated to understanding who is behind it and what their intent is.

At the same time, organizations face a deeply fragmented regulatory environment with ever-evolving compliance demands across jurisdictions, verticals, and identity use cases. Meanwhile, fraudsters are becoming more sophisticated, leveraging AI to create synthetic identities, generate deepfakes, and launch automated attacks at scale. And consumers are demanding greater privacy and control, pressuring companies to deliver seamless experiences without compromising on data protection.

Together, the rise of AI agents, increasingly sophisticated fraud, regulatory fragmentation, and growing privacy expectations have created a far more complex — and constantly evolving — identity landscape. As new identity verification technologies and frameworks emerge to meet these challenges, businesses need more than static solutions. They require a dynamic, configurable identity platform that can adapt to diverse use cases, keep pace with shifting risks, and scale trust wherever and however it’s needed.

Infrastructure for today’s challenges — and tomorrow’s unknowns

Persona’s platform was built for this complexity. Unlike rigid, one-size-fits-all solutions, it provides a configurable, privacy-first foundation that adapts to businesses’ needs as regulations shift, fraud evolves, and use cases expand.

“Identity is a foundational mega-trend driving digital transformation, and we’ve believed from day one that Persona would power this shift through its software-native solution,” said Thomas Laffont, co-founder of Coatue. “With the rise of AI agents, it’s critical to verify the identity — whether person or bot — behind every online interaction. Rick and the Persona team have both the vision and the ambition to build the platform that will help to lead this transformation.”

In addition to doubling its customer base, Persona has achieved a number of key milestones over the past year, including:

Building the verified identity layer for any business

To help organizations keep pace with the rapidly evolving identity landscape, Persona is building a verified identity layer — secure infrastructure that helps businesses verify individuals and entities across contexts while giving people control over their personal information.

For companies, this means a flexible foundation that supports evolving regulations, risk models, and user journeys. For individuals, it means a reusable identity they can carry across services — eliminating the need to repeatedly enter sensitive information while keeping privacy and consent at the core.

“Identity has become the foundation of every digital interaction, and in the age of AI, we believe solving identity will be more pivotal than ever,” said Nick Shalek, Partner at Ribbit Capital. “We’ve long admired Persona’s ambition to build a verified identity platform and have been impressed by the diversity of industries, use cases, and geographies of their customers. Their rapid growth and adoption by leaders like OpenAI, LinkedIn, Etsy, Twilio, and Block are clear validation that they’re solving real problems at scale.”

About Persona

Persona offers a unified identity platform that gives businesses the building blocks they need to securely collect, verify, manage, and make decisions about individuals’ and businesses’ identities — along with automation and orchestration tools to streamline the entire process from end to end.

Founded in 2018, Persona is headquartered in San Francisco and is available in 200+ countries and territories and 20 different languages. Persona serves any business that needs to verify its customers online, including AI platforms, retail, fintech, marketplace, delivery services, real estate and hospitality, HR, edtech, legal services, home and childcare services, and more. For additional information, please visit https://withpersona.com/

SOURCE Persona