Latest Deal Highlighting Elevation Point’s Transparent Minority Stake Partnership Model Comes Weeks After Firm’s Strategic Investment in Michigan-based Stonebrook Private

MINNEAPOLIS, Feb. 25, 2025 — Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms, announced today that it has made a strategic investment in Triton Wealth, a Registered Investment Adviser (RIA) based in Aitkin, Minnesota. Triton Wealth serves business owners, successful professionals, and retirees ranging from high-net-worth to mass affluent clients.

“Triton Wealth’s steadfast commitment to a fiduciary, client-first standard of care and to building deep, lasting, generational relationships, coupled with its mission to support, educate, and guide, aligns closely with the core values we emphasize at Elevation Point—partnership, enhancing the client experience, and elevating the industry,” said Jim Dickson, founding partner and CEO of Elevation Point. “This partnership highlights the continued momentum of our minority stake partnership model, which is designed to align interests and provide tailored support for firms seeking growth.”

Founded by Michael J. Ryan, AIF^® and Wesley T. Hoppe, AIF^®, Triton Wealth, with over $225 million in assets under management (AUM), specializes in designing custom strategies for retirement planning, investment and risk management, business succession, and wealth transfer, to help clients achieve financial confidence in retirement and beyond.

“Triton Wealth is an ideal partner for Elevation Point, and we’re confident they will play a key role in strengthening our presence in Minnesota,” said Brad Smithy, founding partner and head of wealth management at Elevation Point. “We look forward to working closely with Michael, Wesley, and the team as they continue to serve their clients and expand their business.”

“After evaluating multiple partnership options, Elevation Point stood out for its minority stake partnership model designed to align interests and enhance the client experience,” added Michael J. Ryan, AIF^®, founding partner and wealth advisor at Triton Wealth. “We believe their advanced technology, comprehensive resources, and industry expertise can help us accelerate our growth—while better serving and adding value for our clients.”

This deal announcement follows closely on the heels of Elevation Point’s first deal of 2025—a strategic minority stake in Stonebrook Private, a fee-only, fiduciary advisory firm based in Northville, Michigan, with over $750 million in AUM.

Schedule a growth consultation with Elevation Point at https://elevationpoint.com/consultation.

About Elevation Point
Elevation Point is a wealth management firm focused on bringing together industry-leading independent advisors through minority stake partnerships with RIAs and breakaway advisors transitioning to independence. Elevation Point Wealth Partners, LLC, an SEC-registered investment adviser and a wholly owned subsidiary of Elevation Point, LLC, is a core component of our commitment to delivering dynamic OCIO solutions, personalized playbooks, and customized full-spectrum support to advisors. Distinguishing ourselves as accelerators in a landscape of aggregators, we’re powering a nationwide community of emerging industry leaders, overseeing more than $3.4 billion in assets under management. With a focus on advisor values and evolving client needs, our mission is clear: to elevate the entire industry to higher ground.

For more information, please visit elevationpoint.com, and for the latest updates, follow Elevation Point on LinkedIn.

Disclosures:
As of September 30, 2024, Elevation Point, LLC, through its wholly owned subsidiaries, Elevation Point Wealth Partners, LLC, and Princeton Fund Advisors, LLC, reported managing $2,594,997,974 and $883,807,051 in assets under management (AUM), respectively, for a combined total of $3,478,805,025.

Additionally, Triton Wealth reported $226,268,606.55 in AUM as of February 12, 2025, based on custodian records from the following sources:

• Schwab – $146,847,482.25(as of 2/12/25)
• T. Rowe Price – $59,771,427.38 (as of 12/31/24)
• Principal – $10,365,748.76 (as of 12/31/24)
• Stonebridge – $4,457,676.30 (as of 12/31/24)
• Lincoln Financial Group – $1,348,830.83 (as of 1/17/25)
• American Funds – $2,319,152.33 (as of 1/10/25)
• Aspire 403(b) – $767,006.30 (as of 1/22/25)
• Jackson – $391,282.40 (as of 1/27/25)

All AUM figures for Elevation Point, LLC, and Triton Wealth are derived exclusively from custodian records as of the dates listed above. These figures are subject to market fluctuations, account closures, and other adjustments. The AUM figures have not been independently audited or verified.

Media Contact
Melinda Brodbeck
JConnelly
[email protected]
973-865-5454

SOURCE Elevation Point

TEL AVIV, Israel, Feb. 25, 2025 — Quantum Machines (QM), a leading provider of advanced quantum control solutions, today announced it has raised $170 million in Series C funding, bringing the company’s total funding to date to $280 million. The investment comes as the majority of quantum computing companies now rely on QM’s technology to build and scale their systems. The highly oversubscribed round was led by PSG Equity with participation from Intel Capital, Red Dot Capital Partners and existing investors, and marks one of the largest rounds of funding in the quantum industry.

2024 has marked a watershed moment in quantum computing, with breakthrough achievements across the industry laying down fundamental building blocks: Google’s Willow chip demonstrated a strong performance enhancement at the hardware level, multiple companies joined IBM in surpassing 1,000 qubits, and researchers, led by Google’s groundbreaking demonstration, made great strides in quantum error correction implementation. Amid this wave of innovation, Quantum Machines is at the forefront of enabling many of the industry’s most significant advancements and will leverage this funding to help drive the development of quantum computers with tens of thousands of qubits.

“The quantum computing ecosystem has opened up and there are now hundreds of teams worldwide advancing the bleeding edge in parallel, with breakthroughs emerging at an unprecedented pace,” said Dr. Itamar Sivan, co-founder and CEO of Quantum Machines. “Significant adoption of quantum computers is around the corner. Quantum is one of the biggest, most important technological races of our generation. It’s a no-lose game, and we are deeply honored to work with the leaders in this field, delivering the core infrastructure to make this possible.”

Quantum Machines’ hybrid control technology enables seamless execution of some of the most demanding computational requirements across all types of quantum computers. This versatility has driven its rapid adoption by a majority of quantum computing companies worldwide. Quantum Machines’ collaboration on NVIDIA DGX Quantum, combining accelerated computing with real-time quantum control, further shortens the timeline from breakthrough to practical quantum computers.

“Turning a quantum processor into a functional quantum computer is an immense technical challenge,” said Dr. Yonatan Cohen, co-founder and CTO of Quantum Machines. “You need to precisely control the quantum system, process huge amounts of data in real time, and orchestrate complex algorithms across quantum and classical processors. Our platform uniquely integrates all these capabilities, enabling teams to rapidly go from innovations in their laboratories to deployment in data centers.”

“The quantum computing industry is reaching an inflection point,” said Rotem Shacham, Director at PSG Equity. “We believe that QM has established itself as the ‘go-to’ solution that leading quantum companies rely on to build and scale quantum computers. As the quantum computing market continues to grow at an accelerated pace this decade, QM’s leading market position and ability to work with multiple quantum technologies uniquely position them to expand their leadership. We are excited to lead this funding round and back QM in its next stage of growth.”

“This significant investment is a testament to the strength of our business model and growth trajectory,” said Nir Ackerman, CFO at Quantum Machines. “With this funding, we believe that we are well-positioned to accelerate our expansion, drive innovation, and create long-term value for our stakeholders. We are excited to build on this momentum and execute on our vision with the support of our investors.”

Media Contact:
Lazer Cohen
[email protected]

SOURCE Quantum Machines

The Fund Now Offers Out-of-Home Platform Access to its Portfolio

REDWOOD CITY, Calif., Feb. 25, 2025 — Atmosphere TV, a video entertainment platform, has committed media inventory to Mercurius Media Capital (MMC), a ~$90Mn U.S.-based media-for-equity fund. This partnership allows MMC’s portfolio companies to utilize Atmosphere’s media inventory across 30+ TV channels to boost brand awareness.

Atmosphere’s premium entertainment platform is tailored for high-traffic environments such as restaurants, bars, gyms, airports, medical centers, and auto shops. With programming designed to reimagine TV viewership outside of the living room, Atmosphere reaches more than 160 million monthly viewers.

“Atmosphere is redefining how advertisers convert television viewership outside of the living room into meaningful brand engagement,” said Piyush Puri, Founding Partner of MMC. “This strategic partnership provides access to a substantial and engaged audience, comparable in size to the viewership of established streaming services like Netflix, Disney+ and Hulu, complementing existing media strategies and driving brand awareness.”

Through media partnerships with entertainment platforms like Atmosphere, MMC provides a powerful platform for its portfolio companies to expand their reach and drive growth. Atmosphere is viewed in 60,000 venues globally, attracting 10 million viewers daily. Industries such as travel, household goods, retail, insurance, and consumer-packaged goods have seen significant increases in brand awareness, website traffic, sales, and in-store visits.

“Atmosphere is excited to partner with MMC and open our premium inventory and viewership to their suite of offerings for investment. MMC has institutionalized a novel investment approach within media, and we are thrilled to partner with the team to invest in amazing companies and activate our network to drive value for the MMC portfolio,” said Blake Sabatinelli, CEO of Atmosphere.

The media capital model has fueled over 1,000 startups, including Uber, Coursera, and Airbnb.

About Mercurius Media Capital

Mercurius Media Capital (MMC), launched in December 2023, is the first U.S.-based media-for-equity venture fund with ~$90 million in committed capital. Co-founded by Satyan Gajwani and Piyush Puri, MMC builds on over 15 years of experience driving media capital transactions at The Times of India Group, facilitating over $3 billion in media-based investments. MMC has partnered with leading media platforms, including Sinclair Broadcast Group, Televisa Univision, Atmosphere TV, and others to offer high-growth startups and enterprises access to distinct, large-scale advertising inventory in exchange for equity. This fund has backed several companies, including Deskera, RVnGo, Captain Experiences, Airtasker and Edly. For more information, www.mmc.us.

About Atmosphere

Atmosphere is a premium CTV FAST platform that made it entertaining to watch TV everywhere. Atmosphere is tailored exclusively to businesses, offering more than 30 original and partner TV channels focused on sports, news, and entertainment. Atmosphere has been named to Deloitte’s 2023 Technology Fast 500, Fast Company’s 2022 Most Innovative Companies, and Forbes’ Next Billion Dollar Startups lists The platform is designed to engage viewers in non-residential spaces, providing marketers with unique audience reach and moments of attention. For more information, www.atmosphere.tv.

Media Contact
Interdependence PR
Angelic Venegas, Account Director
[email protected]
(847) 997-5601

SOURCE Mercurius Media Capital

Perfect leverages advanced AI to manage the laborious manual work involved with sourcing, interviewing and placing candidates, reducing time-to-hire by 75% and improving relevant candidate-to-company matches by 90%, empowering recruiters to focus on what matters most

TEL AVIV, Israel, Feb. 25, 2025 — Perfect, the leading agentic AI platform for recruitment, today announced it has raised $23M in total Seed funding, with the latest round led by Hanaco Ventures, with participation from Joule Ventures, and Samsung Electronics’ former President, Young Sohn. This investment will underpin Perfect’s AI development and fuel the journey to enhance the industry’s leading Agentic AI recruiter.

Recruitment is a multi-billion dollar challenge, plagued by inefficiencies, skill shortages, and outdated manual processes. With 88% of HR leaders struggling to find the candidates they need and 77% of HR professionals citing skill shortages as a major issue, sourcing the right people at the right time can make or break a business. Perfect’s AI-powered solution is the antidote to the challenges of modern recruitment. By automating the entire recruitment process, from candidate sourcing to interview scheduling, connecting the most well-suited candidates to the optimal role in seconds, Perfect saves recruiters up to 25 hours per week, allowing time to concentrate on other key parts of the job like relationship management, drastically improving candidate placement success rates.

“Our goal is not to replace humans but to make them superhuman,” said Eylon Etshtein, CEO & Co-Founder of Perfect. “With unfilled roles costing businesses an average of $500 per day per vacancy, adopting faster and more accurate recruitment solutions is essential. Perfect is setting this standard. Recruiters can now offload tedious, repetitive tasks, freeing up their time to engage meaningfully with candidates and make smarter hiring decisions. This funding round enables Perfect to reinforce its commitment to a future workforce built on insightful recruitment, underpinned by state-of-the-art AI.”

“In an industry desperate for true innovation, with both agencies and candidates victims of outdated, manual workflows or half-baked AI solutions, Perfect is utilizing proprietary data sets and integrating into industry-specific workflows to completely transform how recruitment operates, automating a vast majority of their customers’ day-to-day tasks,” said Lior Prosor, Partner at Hanaco Ventures. “Perfect’s ability to deploy across every recruiter or business leader in the organization is extremely novel when compared to the traditional “seat-based” model we currently see. We are very encouraged by Perfect’s initial success and look forward to the next phase in its continued growth.”

Itai Goldich, Director Talent Acquisition at Optimove – a customer of Perfect, commented: “Perfect’s AI has transformed our recruitment process. We’ve slashed manual tasks, reached the right candidates faster, and significantly enhanced pipeline quality. Perfect allows us to focus on valuable conversations and high-quality candidate matches, not tedious administrative work.”

Perfect’s non-human recruiter epitomizes the shift toward agentic AI. Rather than simply offering suggestions to recruiters, the platform autonomously handles the repetitive and time-consuming tasks that bog down recruitment teams. Perfect’s AI is an active participant in the recruitment process, driving results with minimal human intervention.

Perfect simplifies the hiring process by combining advanced AI, automation, and strategic insights. Through its end-to-end automation, Perfect’s solution analyzes job descriptions, matches candidates, conducts personalized outreach and performs interview scheduling. Its AI platform interrogates millions of candidate profiles to build career paths, giving recruiters precise insights into fit and potential trajectory. This is all done in a matter of seconds. Perfect also automates the outreach stage, which includes bespoke messages to candidates and the collection of pre-screening data based on role-specific questions. The platform automatically shortlists candidates and then provides an easy scheduling interface for interviews, reducing the manual back-and-forth. By evaluating candidates objectively based solely on skills and experience, Perfect promotes fairness, diversity, and inclusion in hiring.

Perfect is currently available in North America and select European markets, with plans to expand further into APAC by next year. The company is also planning the launch of an ‘AI worker for recruitment teams,’ a groundbreaking, non-human recruiter.

About Perfect

Perfect is the leading AI-powered platform for recruitment, automating end-to-end processes to deliver faster, smarter, and fairer hiring. Trusted by leading recruitment agencies, hiring managers, and businesses worldwide, Perfect empowers recruiters to focus on human connection while the AI handles the rest.

Learn more at www.goperfect.com

Media Contact
Gavin Horwich
[email protected] 

SOURCE Perfect

Investment Led by M12 Accelerates Development of Industry-First Workload Isolation Technology, Empowering Developers to Build with Speed While Eliminating Security Trade-offs and Reducing Cloud Costs

SEATTLE, Feb. 25, 2025 — Today’s cloud infrastructure forces organizations to choose between security and efficiency. Containerized workloads share resources and kernels, creating inherent security vulnerabilities that attackers exploit through privilege escalation and lateral movement. Traditional solutions either compromise performance or require complex configuration changes, leaving platform teams frustrated and security teams alarmed. This problem is especially prevalent in AI workloads, where shared GPU resources amplify security risks. Edera solves these challenges by making workload isolation a reality for the first time.

Edera, the pioneer of strong workload isolation technology, announced $15 million in Series A funding led by M12, Microsoft’s Venture Fund, with participation from Mantis VC and In-Q-Tel (IQT). Existing investors Eniac Ventures, 645 Ventures, FPV Ventures, Precursor Ventures, and Rosecliff Ventures also participated in the round.

This investment, arriving just three months after Edera’s $5 million seed round, brings total funding to $20 million, validating the company’s breakthrough solution, Edera Protect, which delivers cloud-native isolation making containers secure by default across all workloads. This round will fund product expansion to include support for AI infrastructure. By embedding security at the architectural level, Edera enables developers to maintain their existing workflows while automatically ensuring workload isolation and protection from the start.

“This funding accelerates our mission to empower engineers to develop with speed and confidence,” said Emily Long, CEO and Co-Founder of Edera. “We’re eliminating the traditional tension between development velocity and security by making isolation intrinsic to the infrastructure. Platform teams can focus on creating value while knowing their workloads are secure from the start – no workflow changes required, no security burden post-deployment, just native security that scales with their applications.”

“Workload security requires being closer to the hardware than the attacker,” said Tyler Shields, Principal Analyst, Risk & Vulnerability Management at Enterprise Strategy Group. “Edera’s isolation capabilities provide protection at a technical layer low enough to stop lateral movement, protecting the container and workload sanctity. Workload security increases in importance as GPU and AI become more prevalent. Edera is well positioned to secure these modern systems.”

Introducing Edera Protect AI: Securing the Foundation of AI Infrastructure

Alongside the funding, Edera launched Edera Protect AI, the industry’s first secure-by-design solution that automates GPU configuration while securing AI infrastructure. Recent vulnerabilities discovered in NVIDIA’s container toolkit highlight the critical need for secure GPU isolation in AI environments. Edera AI automatically configures and isolates GPUs, eliminating costly manual configuration while protecting AI models from compromises that could pose significant risks to both enterprise security and society at large.

“AI is transforming industries at an unprecedented pace, but without secure, sovereign and sustainable infrastructure, its full potential can’t be realised,” said Nick Jones, Head of Engineering at Nscale. “As AI adoption accelerates, protecting sensitive workloads from emerging threats is no longer optional – it’s imperative. Edera’s advanced isolation technology provides a crucial layer of protection, preventing lateral movement and ensuring data integrity. In a world where GPU-powered AI is becoming the backbone of innovation, robust security is the foundation of a resilient and trustworthy AI ecosystem.”

Edera significantly reduces cloud computing costs by enabling enterprises to consolidate workloads that traditionally require separate clusters or specialized hardware – including GPU workloads – onto standard cloud instances while maintaining strict isolation. The multi-cloud compatibility further reduces costs by enabling workload portability and eliminating vendor lock-in, while its proven performance benchmarks show it can be more efficient than standard Docker deployments for specific workloads.

“Edera’s technology delivers true workload isolation while maintaining native container-like performance in today’s multi-tenant cloud environments,” said Alex Zenla, CTO and Co-Founder of Edera. “We provide platform teams with robust isolation boundaries that enhance security without requiring changes to existing infrastructure or sacrificing the speed and agility that businesses depend on. This breakthrough allows organizations to finally achieve both maximum security and peak performance in their cloud operations.”

“Secure, isolated workloads are a bigger priority than ever for the industry. We are encouraged to see innovative approaches like Edera and look forward to collaborating on how to bring this critical technology to the ecosystem,” said Mandy Andress, CISO at Elastic.

The team is expanding its leadership bench and brought on industry veteran Kaylin Trychon as Chief Marketing Officer, formerly of Google and Chainguard. As the first marketing hire at Chainguard, Trychon was responsible for building the brand and marketing team that led the company to a $1.1 billion valuation after just three years.

Edera is growing! Join the mission to make secure computing simple. Check out the job openings at Edera today or meet with the team in person at one of their upcoming events.

About Edera
Edera is transforming cloud security by making true workload isolation a reality for the first time. Edera Protect builds security into the foundation of the infrastructure, allowing developers to maintain their preferred tools and processes while automatically preventing attacks from spreading between workloads. Organizations can now achieve secure multi-tenancy for Kubernetes and AI workloads without sacrificing development speed or increasing cloud costs. Female-founded and headquartered in Seattle, Edera is built on the principle that diverse perspectives and balanced teams create better technology. For more information, visit https://edera.dev

Media Contact
Jennifer Cloer
For Edera
[email protected]
503-867-2304

SOURCE Edera

NEW YORK, Feb. 25, 2025 — Camber Partners is pleased to announce the successful closing of Fund II with total capital commitments of $210 million, surpassing the fund’s original target of $150 million and the hard cap of $200 million. The oversubscription reflects the strong demand from investors and highlights confidence in Camber’s approach and ability to drive exceptional outcomes. The Fund received support from a diverse base of both existing and new investors, including pension funds, foundations, health systems, insurance companies, fund of funds, and family offices.

Camber’s mission is to partner with growth-stage software companies and inflect their trajectory by providing more than just capital. The firm delivers a combination of operational expertise and data-driven strategies to drive sustainable growth. Camber takes a hands-on, collaborative approach: an internal Growth Team works closely with each portfolio company on marketing, sales, and customer success initiatives. Meanwhile, a dedicated Data Science Team and a proprietary data platform empower founders to uncover actionable insights from product and customer data. This differentiated engagement model is available to all Camber portfolio companies, enabling software entrepreneurs to leverage the high-caliber go-to-market and data resources typically found in much larger organizations. 

“We are extremely grateful for the support and confidence our investors have shown in us,” said Scott Irwin, Founder and Partner at Camber Partners. “The strong support for Fund II validates our differentiated strategy, and we remain steadfast in our commitment to supporting software founders and entrepreneurs as they scale their businesses to new heights.”

Goodwin Proctor served as legal counsel. Metric Point Capital served as advisor.

About Camber Partners

With $350M under management, Camber Partners provides flexible capital, hands-on operational expertise, and a proprietary data platform to accelerate the long-term, capital-efficient growth of B2B software businesses. For more information, please visit https://www.camber.io/.

Contacts
Camber Partners
[email protected]

SOURCE Camber Partners

MONZA, Italy, Feb. 25, 2025 — Truesense, a European leader in Ultra-Wideband (UWB) technology, AI-driven platforms, and smart nodes, is proud to announce the successful closure of its first seed investment round with Magic Spectrum and The Hashgraph Group (THG). This strategic investment will reinforce Truesense’s growth plans in software, AI, blockchain, and platform solutions, enabling cutting-edge UWB applications across multiple industries leveraging Hedera’s distributed ledger technology (DLT).

Pioneering AI-Enabled UWB Solutions
Truesense develops advanced smart UWB nodes for ranging, radar, and a variety of applications, including secure access control, real-time location services, health monitoring, and smart tracking. By integrating AI-driven software with robust hardware solutions, Truesense enhances these capabilities, delivering precise, efficient, and intelligent UWB communications across industries such as mobility, logistics, security, healthcare, and smart environments.

Converging Blockchain and UWB Technology
The integration and convergence of blockchain with UWB technology represents a revolutionary step towards providing secure and traceable node-to-node communications. The Hashgraph Group, with its Hedera-powered DLT platform and Hedera-certified engineering team, provide the ideal distributed framework and Web3 expertise to enhance the UWB capabilities of Truesense and enable multiple industry use cases, as an example:

• Secure transactions for physical access control (e.g., offices, venues, transport hubs)
• Local mobility solutions, such as automated ticketing and car-sharing authentication
• Seamless interaction for pay-content services, including digital entertainment and media
• Real-time and immutable asset tracking solutions and smart contract-based automation

Speaking on the investment partnership Armando Caltabiano, CEO of Truesense, said, “This new investment further strengthens our market position and underscores the trust in our solutions for secure, real-time wireless interactions. Partnering with The Hashgraph Group and leveraging their advanced Hedera technology will enable us to push the boundaries of UWB applications, delivering scalable, high-performance solutions that redefine the way devices communicate, transact, and interact in an increasingly connected world while ensuring compliance, security, and legal traceability of digital transactions.”

The Hashgraph Group and Truesense are already collaborating and developing a new generation of UWB-powered TV and Mobile device interactivity that, in combination with Hedera’s distributed ledger technology, will unleash new Web3-enabled consumer loyalty and engagement solutions that directly interact with digital media content. Through an initiative (Symera), the integration and convergence of UWB technology and DLT to create a suite of gamification and loyalty programs, will improve consumer engagement mechanisms and supercharge value creation for many direct to consumer (D2C) enterprises, while leveraging artificial intelligence and behavioural science.

Stefan Deiss, CEO of The Hashgraph Group, said “The increasing global adoption of Hedera’s distributed ledger technology and convergence of ultra-wideband technology is enabling an ever-growing number of enterprises in the Media, Sports, and Telco sectors to generate new revenue streams through Web3-centric loyalty programs, peer-to-peer consumer interaction, gamification, and micro-transactions. This strategic investment in Truesense marks a pivotal step in fostering innovation in UWB tech with a company that shares our vision of empowering users with tokenized digital content, gamification models, and monetisation opportunities that foster brand loyalty.”

About Truesense:
Based in Milan, Italy, Truesense specializes in AI-driven UWB solutions, providing ranging, radar, and smart node applications for industries such as IoT, security, automotive, healthcare, and industrial automation. Truesense combines cutting-edge software, AI algorithms, and platform solutions to deliver real-time, intelligent wireless communication systems.

For more information, visit: https://www.truesense.it

About The Hashgraph Group
The Hashgraph Group is a Swiss-based international business, venture capital, and technology company that operates exclusively within the Hedera ecosystem, and is focused on empowering entrepreneurs, enterprises, and governments to adapt and compete in the Web3 economy through strategic investments, technology convergence, and venture-building programs globally.

For more information about The Hashgraph Group, visit www.hashgraph-group.com.

SOURCE The Hashgraph Group

BROOKLYN, N.Y., Feb. 24, 2025 — Floodbase, the parametric platform for insuring uncovered flood risk, today announced a $5 million investment led by Ecosystem Integrity Fund (EIF) with participation from Pulse Fund. The investment will allow Floodbase to accelerate development of flood insurance programs, cementing its position as the industry standard for a new category of flood insurance.

Flooding is the most common and pervasive natural disaster, yet 83% of global economic flood loss over the past decade was uninsured. Hurricane Helene was the single most devastating natural catastrophe event in 2024, estimated to have caused $75 billion in economic loss, mainly due to flooding. Season after season, businesses and local governments are left to navigate financial uncertainty and millions of dollars in damages, lost revenue, and recovery expenses. The expected increase in flood intensity and frequency only amplifies the need to address uninsured risks and secure rapid funds as floods happen.

“Flood insurance has typically been limited to direct property damage, which only represents a fraction of the overall economic loss” said Bessie Schwarz, Co-founder and CEO of Floodbase. “We’re enabling a financial safety net that can cover any economic loss associated with a flood event. Not only does this remove uncertainties around what’s covered, the fast and flexible liquidity is a game changer for those managing the aftermath”.

Since its series A in 2023, Floodbase has operated across 40+ countries and enabled more than 9,000 flood insurance policies, becoming a preferred partner for leading re/insurers including Swiss Re Corporate Solutions, Liberty Mutual Re, and AXA Climate. Floodbase’s platform, built on a decade of groundbreaking peer-reviewed science, continuously monitors flooding globally, allowing the company to power flood insurance programs across industries and geographies.

Schwarz added, “With the growing demand for new flood insurance programs, we are thrilled to partner with EIF to accelerate our growth. We’ve known EIF for a long time and are excited to formalize our partnership. With their support, we’ll continue to lead and empower the market to close the global flood protection gap.”

“New solutions are urgently needed to adapt to an increasingly volatile climate. The frequency and severity of floods is growing, adding to the already tremendous global flood protection gap. Floodbase can power a new category of flood insurance products and has become the preferred platform for its insurance partners. We are thrilled to be partnering with the company to help accelerate the growth of their critical resiliency offering,” said Sasha Brown, Partner at Ecosystem Integrity Fund.

“By funding adaptation projects and cutting edge climate tech companies like Floodbase, Pulse Fund aims to bolster resilience and enhance the economic security of communities. Floodbase’s platform enables a much needed, new category of flood insurance products at a time when historic flood events, and the financial devastation they cause, are becoming the norm,” said Pulse Fund Founder and Managing Partner, Tenzin Seldon.

This investment highlights Floodbase’s success amid the persistent underfunding of women-led startups. In 2023, only 2% of venture capital went to companies founded by women, with that figure dropping to 1.9% in early 2024, according to PitchBook. Co-founded by Bessie Schwarz and Dr. Beth Tellman, Floodbase has now raised $17 million in venture capital, including Collaborative Fund, Floating Point, Lower Carbon Capital, and Vidavo Ventures, defying this trend and setting an example for diversity in tech innovation.

About Floodbase
Floodbase is a parametric platform for insuring uncovered flood risk. Built on more than a decade of groundbreaking science, we continuously monitor flooding worldwide. Leading re/insurers rely on Floodbase to cover large corporate and public sector clients against previously uninsurable economic loss from flooding. Floodbase also supports FEMA, the UN, The New York Times, and others to identify and respond to major events. Follow Floodbase on LinkedIn for more news and insights.

About Ecosystem Integrity Fund
Ecosystem Integrity Fund (EIF) invests in early growth-stage companies contributing to environmental sustainability across multiple sectors including renewable energy, transportation, agriculture and food, climate resilience, green chemistry, waste reduction, and efficiency. EIF takes a systems-based approach to sustainability investment, studying both the drivers for change as well as the constraints to innovation in market niches that are ripe for development. EIF invests in companies solving real problems, resulting in better investment opportunities and greater impact. The firm has over $600 million in assets under management.

About Pulse Fund
Pulse Fund is a venture capital fund investing in high-growth climate companies. Pulse invests horizontally across 4 key verticals: food and agriculture, infrastructure, energy, and mobility. The fund is focused on scalable, vertically-integrated companies that offer superior margins, outsized financial wins, and supply chain risk mitigation. The team brings together a unique blend of investment and climate science expertise to identify long-term opportunities that drive capital, innovation and tangible climate progress.

SOURCE Floodbase

• Deerfield Management to collaborate with QIA as part of Fund of Funds venture capital program
• Regional office set to open in Doha in mid-2025
• Activities to include upskilling local entrepreneurs and fostering the Qatari innovation ecosystem via a healthcare startup accelerator

DOHA, Qatar and NEW YORK, Feb. 23, 2025 — Deerfield Management today announced a collaboration with Qatar Investment Authority (QIA) as part of QIA’s Fund of Funds program.

The partnership unites Deerfield’s mission of advancing healthcare with QIA’s commitment to sustaining a vibrant startup ecosystem in Qatar and the wider MENA region.

QIA’s inaugural Fund of Funds venture capital program was launched in 2024 with a primary focus on technology and healthcare amongst other fast-growing sectors. The initiative is intended to boost economic diversification, support local development, and bring global best practices and capabilities to Qatar.

In support of this program, Deerfield is set to open a regional office in Doha by mid-2025. The office will seek to support the upskilling of local startups and entrepreneurs, coordinate educational programs, and serve as a resource hub for healthcare-focused ventures in the region. The partnership will foster international collaboration and champion technological creativity.

Deerfield, through the Cure, will additionally direct a healthcare startup accelerator program in which a cohort of global and local entrepreneurs will work to sharpen their understanding of business and financial modeling; learn to conduct and analyze market research; advance the development and design of healthcare products; practice delivering effective investor presentations; and more. The accelerator program will take place both virtually and on the ground in Doha and will culminate in a pitch competition wherein entrepreneurs have the opportunity to showcase their ideas to interested stakeholders.

“Qatar’s rich cultural and economic environment makes the State a fertile environment for businesses to grow,” said James Flynn, Managing Partner at Deerfield. “In partnering with QIA, we hope to support local entrepreneurs and help a sustainable healthcare and life science ecosystem thrive.”

News of the partnership was announced at the 2025 Web Summit Qatar, an international gathering connecting thousands of entrepreneurs in the Middle East and beyond to investors, journalists, and technology professionals around the world.

About Deerfield Management

Deerfield is an investment management firm committed to advancing healthcare through investment, information, and philanthropy. The Firm works across the healthcare ecosystem to connect people, capital, ideas, and technology in bold, collaborative, and inclusive ways. For more information, please visit www.deerfield.com.

About QIA

QIA is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.

About QIA’s Fund of Funds Program  

The Fund of Funds program aims to develop a strong startup and venture capital ecosystem in Qatar, attract venture capital firms and entrepreneurs to the region, and help close the current funding gap for local and regional entrepreneurs. The program, first announced in February 2024, will place a priority focus on the tech and healthcare sectors. The Fund of Funds program has a mandate that includes delivering a positive development impact on the Qatari venture capital ecosystem. 

Media Contact

Deerfield Management: Jessica Sagers, PhD, Head of Communications, [email protected]

Qatar Investment Authority: [email protected]

SOURCE Deerfield Management Company, L.P.