AIN becomes the second selected VCLP to support the next generation of technology innovation
COLUMBIA, Md., Jan. 15, 2025 — TEDCO, Maryland’s economic engine for technology companies, announces the selection of AIN Ventures as one of the early-stage venture capital fund managers supporting the management and investment of up to $10 million in U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding.
AIN Founders
AIN logo
“As a mission-driven organization, we are excited to work with early-stage entrepreneurs and TEDCO to strengthen Maryland’s innovation ecosystem and support the successful deployment of valuable SSBCI funding,” said Sherman Williams, co-founder and managing partner of AIN Ventures.
“We are thrilled to collaborate with TEDCO to invest in Maryland’s founders,” said Emily McMahan, co-founder and general partner of AIN Ventures. “Together, we’re not just providing capital; we’re offering support to nurture the next generation of startups across the state. This collaboration will drive innovation and economic impact and unlock new opportunities.”
AIN Ventures is a venture capital firm specializing in pre-seed and seed-stage investments at the intersection of deep technology and dual-use technology. Separately, the fund also invests in military veteran-led startups. Startup founders will also have access to AIN Ventures’ Academy Investor Network, a syndicate of graduates from the five U.S. military service academies that invest alongside AIN and help with deal-sourcing, vetting and providing post-investment support.
“TEDCO is fully committed to supporting the growth and development of Maryland’s innovation ecosystem,” said Troy LeMaile-Stovall, TEDCO CEO. “Through our collaboration with AIN Ventures, we will expand our reach, support more small businesses and continue advancing innovation across the state.”
Recently, TEDCO announced receiving an infusion of up to $50 million in funding from SSBCI initiative. This funding supports recipients of TEDCO’s Venture Equity Fund, Seeds Funds Equity program, and Social Impact Funds—along with the $10 million earmarked for the Venture Capital Limited Partnership (VCLP) Equity program. Of this amount, $3 million has been allocated to 100KM Ventures as part of the VCLP program.
About TEDCO TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
NEW YORK, Jan. 15, 2025 — Cambridge Wilkinson (“CW”) is pleased to announce the successful closing of a senior credit facility (undisclosed amount at the client’s request) for a specialty finance company focused on small and medium-sized business lending. As demand for fast, flexible financing solutions continues to surge, our client required a scalable credit structure to support its rapidly growing portfolio. Cambridge Wilkinson collaborated closely with the client to secure a customized financing solution that aligns with their revenue-based lending model and is designed to fuel sustainable growth.
Cambridge Wilkinson. Who we are, What we do, How we do it
“This transaction underscores the ongoing demand among institutional credit providers for specialty finance companies with innovative origination platforms and a proven ability to scale. Our typical deal sizes range between $25 million and $500 million, allowing us to deliver flexible capital solutions that support rapid growth. With this credit facility in place, our client is well-positioned to scale operations and continue providing essential capital to small businesses nationwide.” said Rob Bolandian, Co-Founder and Global Head of Investment Banking at Cambridge Wilkinson.
Cambridge Wilkinson is a leading global investment bank with the speed, connections, and the confidence to get transactions done. With a focus on middle-market companies, we arrange debt and equity capital raises from $25 million to $5 billion and advise on mergers and acquisitions. In addition, we also provide flexible and scalable leverage facilities and credit facilities for private equity funds and alternative credit funds which range from $25 million to $2 billion. We bring deep experience working with specialty finance institutions, real estate entities, funds as well as businesses spanning a variety of other industries. We offer unique access to a broad network of capital sources including large family offices, credit funds, banks, non-bank credit groups, insurance companies, private equity, sovereigns, and endowments.
Securities offered through Finalis Securities LLC Member FINRA / SIPC. Cambridge Wilkinson LLC and Finalis Securities LLC are separate, unaffiliated entities.
Rob Bolandian, Co-Founder & Global Head of Investment Banking [email protected]
Howard Chernin, Co-Founder & Chief Operating Officer [email protected]
Funding will drive Reeco’s strategic growth initiatives as it streamlines back-of-house operations for North American hotels
MIAMI, Jan. 15, 2025 — Reeco, the leading AI-driven procure-to-pay platform for the hospitality industry, announced today it has secured $15 million in Series A funding. This investment will fuel the company’s strategic growth initiatives, including the accelerated advancement of the Reeco platform. The solution frees the industry’s back-of-house teams from Excel sheets, punchout systems, and GL coding with a unified system that seamlessly integrates every critical function. Users can purchase from any contracted vendor in just a few clicks and receive goods in record time, manage recipes to track real-time food costs, and automate inventory audits and invoicing. The Series A funding builds on a $10 million seed round, bringing Reeco’s total funding to $25 million.
Henrik Shimony (left), Omri Shalev (right)
“This Series A funding reflects strong investor confidence in our vision to revolutionize procurement in the hospitality space,” said Henrik Shimony, co-founder and CEO of Reeco. “We’re witnessing unprecedented demand as operators recognize that modernizing their procurement and back-of-house operations is no longer optional — it’s essential to remain competitive in today’s market. With this funding, we’re enhancing our platform development to meet growing demand, expanding our technological capabilities while maintaining the exceptional service our customers rely on to transform their operations.”
The round was led by Aleph VC, with participation from Net Capital Ventures and Joule Ventures. The funding will support research and development, customer acquisition, the scaling of sales and marketing teams, and the delivery of new platform features.
“Reeco benefits from a charismatic founding team with deep domain expertise and a strong pull from the market,” said Tomer Diari, general partner at Aleph. “It’s already demonstrated strong product-market fit and is positioned to transform one of the largest sectors in our economy. We are highly impressed by what the Reeco team has accomplished and are excited to partner with them and support their journey.”
Reeco Builds on Record Growth as 2025 Begins
The hospitality industry has long relied on manual procurement processes and legacy systems that result in a cascade of challenges, including unreliable data, volatile pricing, ineffective inventory management, and fractured vendor relationships, which hold hospitality companies back from achieving operational peak performance for their stakeholders. The industry clearly needs a modern, transformative solution to move forward.
Reeco’s AI-driven procure-to-pay platform eliminates these challenges by unifying procurement and receiving, inventory, recipe management, and accounts payable into a single system to save tremendous time and costs. Users can purchase food and supplies based on real-time pricing and with one cart, integrating all their preferred suppliers. Teams can use the AI-powered smartphone app to quickly receive and audit inventory, scanning bottles for accuracy and cutting counting time by 50 percent. Food and beverage teams can build and manage recipes with the AI-powered ingredient database; they connect recipes with point-of-sale systems to reveal real-time food costs and identify cost-saving opportunities. The accounts payable solution automates GL coding based on the property’s coding patterns and syncs with AP’s preferred accounting system. The platform brings unprecedented efficiency to every step of the process and transforms how hospitality companies manage their operations.
“Reeco is the only platform that connects purchasing, receiving, recipe management, inventory control, and accounts payable,” said Omri Shalev, co-founder and CTO at Reeco. “By using these modules on the Reeco platform, hotels can finally eliminate data silos, ditch their Excel spreadsheets, and stop toggling between supplier portals and paper forms. Gone are the days of manual data entry, scattered paper trails, and jumping between multiple supplier websites. Any team member — from executive chefs to controllers — can quickly master the system and start optimizing their operations immediately.”
In less than two years, Reeco has achieved an 800% adoption growth rate, transforming operations for hundreds of customers, from full-service resorts to select-service properties.
“Before Reeco, I spent more than 20 years managing a disorganized and time-consuming procurement process that involved Excel sheets, calling our suppliers, checking our emails,” said Brian Archibald, Executive Chef at Playa Largo Resort & Spa, an Autograph Collection Hotel. “Reeco has completely changed how we operate. Hotel procurement, inventory auditing, recipe management — it’s all on one customized, consistent, and dependable platform that saves me and my team so much time and money, allowing me to spend more time being creative and less time chasing vendors.”
Leading hotel operators Vision Hospitality, OTH Hotels Resorts, and Scarlett Hotel Group credit Reeco with improving profit margins and operational efficiency in purchasing, housekeeping, food and beverage, and maintenance and engineering.
“Reeco has completely modernized our accounts payable processes and saves us significant dollars in both operating costs and labor,” said Arlene McCullough, senior vice president of accounting at Vision Hospitality Group. “Before, our properties struggled with GL coding and managing blind spots across back-of-house operations. With Reeco, GL coding is automated. I have real-time visibility into spend, at the property and department level, without having to waste time and money searching for answers. Reeco’s AI and leading-edge technology improves efficiencies and drives margins across your portfolio. In today’s ultra-competitive marketplace, Reeco is a must-have.”
Founding the Future of Hotel Procurement
Reeco was born from the unique insights of Henrik Shimony and Omri Shalev. Shimony’s deep experience managing his family’s hotel operations and Shalev’s software engineering expertise from roles at Microsoft and Samsung revealed a critical gap: while consumer shopping had embraced digital solutions, hotel procurement was stuck in the past.
“Managing a hotel’s six-figure purchases with outdated tools made no sense,” Shimony said. “I could shop for groceries at home with the best tech available, but at the hotel, I was managing purchases in the hundreds of thousands with little technology or tracking. From select-service hotels to a full-service property, the purchasing processes are stuck in the past. That realization inspired us to build Reeco — a platform that gives hotels the same efficiency and transparency available in consumer shopping and so much more.”
About Reeco
Reeco is the leading AI-driven procure-to-play platform for the hospitality industry, transforming how hotels manage procurement, inventory, and accounts payable. As the only provider to bring purchasing, receiving, recipe management, inventory control, and accounts payable functionality together on one seamless platform, Reeco eliminates manual processes, streamlines operations, and empowers teams to focus on what they do best. By connecting every aspect of procurement and back-of-house operations, Reeco helps operators cut costs, increase efficiency, and improve profit margins. For more information, visit https://www.reeco.io/.
About Aleph VC
Aleph is a venture capital fund focused on partnering with great Israeli entrepreneurs to build large, meaningful companies and impactful global brands. Founded in 2013, Aleph is a partnership of Michael Eisenberg, Eden Shochat, Yael Elad, and Tomer Diari, with $850M under management. For more information about Aleph, visit https://www.aleph.vc/.
Media Contact:
Christopher Joseph (CJ) Arlotta CJ Media Solutions, LLC for Reeco C: 631-572-3019 E: [email protected]
Company tackles the growing cloud chaos costing enterprises more than $140 billion per year.1
NEW YORK and TEL AVIV, Israel, Jan. 15, 2025 — ControlMonkey, the breakthrough end-to-end cloud automation platform offering “Total Cloud Control with Terraform,” today announces its global launch and the close of a $7 million seed round, co-led by lool ventures and Joule Ventures. The funding will accelerate development of ControlMonkey’s cloud governance tools and expand its global operations, including significant investments in engineering, customer success, and go-to-market initiatives.
ControlMonkey co-founders CEO Aharon Twizer (R) and CTO Ori Yemini (L) in the company’s headquarters in Tel Aviv. ControlMonkey is the only end-to-end Terraform automation platform offering Total Cloud Control to DevOps teams in every industry, worldwide.
Founded by cloud industry veterans Aharon Twizer (co-founder of Spot.io–acquired by NetApp for $450M in 2020) and Ori Yemini (founding engineer of Spot.io), ControlMonkey revolutionizes how enterprise cloud teams deliver and govern infrastructure at scale. By combining industry-leading AI tools with best-in-class enterprise-grade automation, the platform helps pioneering customers like Intel, Square, Comcast, and NetApp achieve a 30% boost in cloud team productivity, 3x faster deployment times, and 50% fewer production tickets. Through its one-of-a-kind partnership with AWS, ControlMonkey is poised to scale these results to companies in every industry, worldwide.
“Today, we are supercharging the Infrastructure Delivery Revolution,” said Aharon Twizer, CEO and co-founder. “Just like GitHub and Jfrog revolutionized software delivery, ControlMonkey is transforming the cloud industry. By making infrastructure delivery as easy to manage as software, our platform is redefining how cloud teams govern clouds at scale. The close of this round helps us finally deliver the promise of Infrastructure-as-Code, so that every enterprise in every industry can harness its full potential.”
ControlMonkey stands apart from cloud automation point solutions by delivering end-to-end control with industry-first technologies, including:
AI-powered Code Generation reverse-engineers existing infrastructure into production-grade, validated Terraform code for 100% IaC coverage–with a single click.
Remediation Engine constantly scans existing code and fixes problems like drift, security vulnerabilities and cost inefficiencies–so a company’s cloud is always fully optimized.
Self-service QualityGate creates a catalog of predefined blueprints that empower teams to launch new cloud environments in minutes–accelerating delivery without sacrificing control.
Infrastructure Disaster Recovery captures a daily snapshot of cloud configurations to quickly restore to any point in time–mitigating the risk of critical failures and deletions.
Cloud vs. Code Integrity Guarantee ensures 100% cloud integrity with asset inventory, verification and deviation alerts–instilling 100% confidence, 100% of the time.
“ControlMonkey is truly revolutionary,” said Maya Azoulay, partner at lool ventures. “In a market that spends more than $140 billion every year trying to tame cloud complexity, ControlMonkey is the only platform harnessing the power of AI to deliver Total Cloud Control–end-to-end, at any scale. Every enterprise and every industry needs their solution, so we’re thrilled to co-lead this round with Joule Ventures and help scale ControlMonkey’s impact.”
lool ventures and Joule Ventures were joined in the round by Gaia Ventures and its founder, Deepak Krishnamurthy; Vadim Solovey and Yoav Toussia-Cohen, co-founders of DoiT; Asaf Ezra, CEO and co-founder of Granulate; and Ariel Assaraf, CEO and co-founder of Coralogix, among others.
About ControlMonkey ControlMonkey is the industry’s first fully end-to-end Terraform automation platform. It provides cloud teams everywhere with revolutionary AI tools and best-in-class automation to govern the entire cloud–from provisioning to optimization, at any scale, for any future. Founded by cloud industry veterans, ControlMonkey operates worldwide from its headquarters in Tel Aviv.
NASHVILLE, Tenn., Jan. 15, 2025 — 3LS Ventures Inc., a leading early-stage investor specializing in behavioral health solutions, is proud to announce its strategic investment in Xuron, an innovative healthcare technology company that provides a virtual, intelligent provider training aimed at simulating the patient experience. This partnership demonstrates 3LS Ventures’ unwavering commitment to accelerating advancements in healthcare through technology and innovation.
“At 3LS Ventures, we are committed to supporting early-stage companies driving transformative innovations that redefine care and improve lives,” said Eric Strickland, CEO of 3LS Inc. “Our investment in Xuron will accelerate their use of AI technology to enhance training for a broader range of clinical and human service professionals, ultimately improving patient outcomes. We are thrilled to partner with Xuron’s exceptional team as they work to make meaningful advancements in quality patient care.”
Based in Nashville, 3LS Ventures focuses on identifying and supporting mission-driven startups that address critical needs in behavioral health. This latest investment in Xuron builds on the firm’s portfolio of solutions designed to create measurable, positive impacts for individuals and communities. Xuron, known for its AI-powered platform, has already demonstrated success in deploying its first-generation tools with early adopters spanning top 20 pharmaceutical companies, multi-state health systems, esteemed medical schools, and prominent continuing medical education (CME) organizations. With 3LS Ventures’ backing, Xuron is poised to accelerate the development of its next-generation suite, which integrates virtual humans and data-driven insights to improve behavioral outcomes.
“Xuron represents the type of company we look to support—innovative, impactful, and aligned with our mission to advance healthcare,” said Gina Drobnick, CEO of 3LS Ventures. “This investment not only enhances our portfolio but also reinforces our commitment to partnering with companies that deliver real solutions for improving lives.”
The partnership highlights 3LS Ventures’ focus on fostering innovation that matters. By supporting Xuron, the firm aims to scale transformative technologies that improve the training and education of healthcare professionals, ensuring better outcomes for patients nationwide.
“As a native Nashville founder, it’s great to have a local investment team on our side,” said Ian Nott, CEO of Xuron. “Their focus in the behavioral health space provides crucial support as we grow and expand. Our vision is to improve the quality of care for Tennesseans and all Americans. We achieve this by focusing on the nuances of human social interactions that are critical to both individual lives and our collective social fabric.”
3LS Ventures continues to lead the charge in behavioral health innovation, investing in groundbreaking solutions that redefine care and improve access. This strategic partnership with Xuron is a testament to the firm’s dedication to creating a lasting impact in the behavioral health landscape.
About 3LS Ventures Inc.
3LS Ventures Inc. is a wholly owned subsidiary of 3LS Inc., a Nashville-based employee-owned company that provides administrative and advisory services to human service organizations. 3LS Ventures launched in November 2023 to invest in early-stage companies’ solutions that are accelerating positive behavioral health and well-being outcomes.
About Xuron
Xuron is a groundbreaking healthcare technology company leveraging artificial intelligence to revolutionize healthcare education. Its platform combines virtual humans with advanced data analytics to deliver and measure positive behavioral outcomes, empowering healthcare professionals with cutting-edge training tools. With a focus on real-world impact and measurable results, Xuron is redefining care to improve lives nationwide.
Pioneering Firm Continues to Lead in Secondary Private Equity, with Succession Leadership in Place and Plans to Grow the Firm and Team Going Forward
NEW YORK, Jan. 15, 2025 — VCFA Group (VCFA), a pioneer in the secondary private equity industry, today announced the successful close of its latest fund, VCFA Venture Partners VII, L.P. (VCFA VP VII), with capital commitments totaling $122.5 million. This fund continues VCFA’s leadership in the secondary market, focusing on smaller, more complex purchases of later-stage venture capital and growth equity assets.
The close of VCFA VP VII marks a significant milestone in the firm’s four decades in operation. Established in 1982 by Dayton Carr, VCFA is known for being the first firm focused on secondary private equity. Dayton passed away in 2020 during the fundraise for the predecessor fund, VCFA Venture Partners VI, L.P. (VCFA VP VI). The firm commenced a succession plan with David Tom and Andrew Reilly assuming leadership and ownership of VCFA and culminating with a final closing of VCFA VP VI in March 2021 with $107.2 million in capital commitments. In total, VCFA Group has now raised $229.7 million in its flagship secondary fund strategy under David and Drew. This leadership transition marks the continuation of VCFA’s legacy of pioneering the secondary private equity space.
David Tom, Managing Member of VCFA, commented, “We are thankful to the investors who have supported us through multiple funds and new investors who have put their trust in us. The demand for liquidity solutions for mature venture and growth-stage fund interests at the smaller end of the market is greater than I have ever seen. We are seeing more sellers looking for tailored, flexible capital solutions below $50 million in size. With VCFA VP VII closed, we are well-positioned to build on our leadership in the secondary market and continue growing VCFA into a next-generation firm.”
Andrew Reilly, Managing Member of VCFA, added, “We are proud to carry forward the vision Dayton Carr established more than four decades ago. Our team’s deep experience, combined with our track record of success in navigating complex transactions, uniquely positions us to execute on this strategy. As we look ahead, we are excited to expand on our core venture growth secondary strategy while also exploring complementary secondary strategies that will continue to diversify our offerings and meet the evolving needs of our investors.”
In connection with the new fundraise, VCFA is also promoting two members of the investment team. Andy Coke, who joined VCFA in 2019, was promoted from Senior Associate to Vice President. Andy graduated from Brown University and held equity research positions prior to joining VCFA. Colin Moffet, who joined VCFA from Princeton in 2021, was promoted from Analyst to Associate.
VCFA VP VII is targeting transactions involving seasoned venture capital and growth equity assets, where the need for liquidity or portfolio realignment creates opportunities for secondary investors. These transactions are often more nuanced, requiring a deep understanding of both the operational and financial needs of portfolio companies and the intricate capital structures of these assets.
For more information on VCFA Venture Partners VII, L.P., or if you are considering selling private equity, please contact: Susan Harris VCFA Group [email protected] 212-838-5577
About VCFA Group (VCFA) Founded in 1982, VCFA Group (VCFA) became the first firm primarily focused on the acquisition of interests in private equity funds on a secondary basis and is a pioneer in the concept of secondary purchases of limited partnership interests and GP-led transactions. To date, VCFA Group has raised eleven funds and returned over $1 billion to its limited partners. Those that have sold private equity interests to VCFA include state pension funds, the federal government, Fortune 100 companies, some of the largest banks, financial institutions and insurance companies, foundations, and wealthy individuals. VCFA prides itself on discretion, good relations in the private equity community, and streamlined transfers. Additional information regarding VCFA is available at www.vcfa.com.
Origis Energy welcomes Brookfield Asset Management into its investor group, alongside majority owner, Antin Infrastructure Partners, to support U.S. growth ambitions.
MIAMI and NEW YORK, Jan. 15, 2025 — Origis Energy, one of America’s leading renewable energy platforms, today announced a new strategic investment from Brookfield Asset Management Ltd. alongside new commitments from existing sponsor, Antin Infrastructure Partners, which could exceed $1 billion in the aggregate.
Brookfield is investing through its Infrastructure Structured Solutions strategy, alongside affiliated entities. This additional capital and support from an established player will accelerate Origis Energy’s progress as an independent power producer and advance its portfolio of solar and battery storage assets at a time of unprecedented demand for clean electricity from its customers.
An Antin portfolio company since 2021, Origis Energy develops, builds and operates large-scale renewable energy projects in the United States, a market that benefits from significant tailwinds. Today, the company operates an approximately one gigawatt (1 GW) solar and storage project portfolio across four states with an additional 3 GW of in-construction or construction-ready projects and a further 25 GW total development pipeline. S&P recently ranked Origis fifth on its 2024 list of the largest solar developers in the U.S. through 2028.i
Vikas Anand, Chief Executive Officer of Origis Energy, said: “We are excited to welcome Brookfield as a new significant investor and are grateful for Antin’s continued leadership. With two of the world’s most well-respected renewable power infrastructure investors as our partners, we will accelerate our mission and strategy to provide cost-effective, carbon-free electricity to customers across the United States.”
Hamish Kidd, Managing Director in Brookfield’s Infrastructure business, commented: “We are thrilled with this new partnership with Origis Energy. As one of the world’s largest investors in renewable energy, we look forward to utilizing our relationships and capital to scale-up the platform and meet the U.S.’s growing demand for clean power.”
Guillaume Friedel, Partner of Antin, added: “Our continued support for the Origis Energy platform is a testament to the strength of its management team, strong customer relationships and high-quality project portfolio. We are excited to embark on the next chapter of Origis’ growth and evolution and we are pleased to welcome Brookfield into the investor group.”
Origis Energy was advised by PJT Partners, J.P. Morgan, and Santander with Latham & Watkins serving as legal advisors. Vinson & Elkins served as Brookfield’s legal advisor.
About Origis Energy Origis Energy is accelerating the transition to a carbon-free future. As one of America’s leading renewable energy and decarbonization solution platforms, the company continues to expand and reimagine its contribution to the world’s net-zero goals. Origis Energy puts customers first to deploy a wide range of sustainable solutions for grid power generation and performance, clean hydrogen and long-term operation of solar, energy storage and clean hydrogen plants across the U.S. Founded in 2008, Origis Energy is headquartered in Miami, FL. Learn more at www.origisenergy.com.
About Antin Infrastructure Partners Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €32 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Singapore, Seoul and Luxembourg, Antin employs over 240 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0).
About Brookfield Asset Management BAM is a leading global alternative asset manager with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. BAM invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. BAM offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. BAM draws on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles.
Eisen Brings Proven Track Record of Building Leading Fintech Platforms to Power Reshop Into Its Next Phase of Growth
NEW YORK, Jan. 15, 2025 — Today, Reshop, the platform redefining refunds for consumers and merchants, announced the appointment of Anthony Eisen as Chief Executive Officer. Anthony has been a part of Reshop since inception, serving as Chairman of the Board and a founding investor at Reshop. In addition, Reshop announced a $17 million fundraise, with leading investments from Matrix Partners, Sound Ventures (venture-capital firm co-founded by Ashton Kutcher and Guy Oseary), Woodson Capital, and Touch Ventures.
Anthony most recently served as Co-Founder and Co-CEO of Afterpay, which he launched alongside Nick Molnar in 2014 and listed on the ASX in May 2016. He has over 25 years of experience in investing, building companies, maintaining public company directorships and providing corporate advice. Prior to co-founding Afterpay, Anthony was the Chief Investment Officer at Guinness Peat Group (GPG). He was actively involved in a number of financial services, software and technology companies in which GPG was a major shareholder.
“With Afterpay, our mission has always been to power an economy in which everyone wins, and that holds true with Reshop as well,” said Anthony Eisen. “The refunds space is ripe for disruption and in need of a solution that benefits both retailers and consumers, which is what we’re providing with Reshop. I’m proud of the progress the team has already made since launching earlier this year and am excited to help shape the next chapter in the Reshop journey.”
During his time at Afterpay, Anthony helped lead a generational shift toward responsible spending behaviors and away from high-interest credit cards, turning something that was unheard of into a norm in the shopping experience. Leveraging his expertise in the space, Anthony will power Reshop into its next phase of growth, paving the way for this new category that the team has identified in the post-purchase funnel. As Reshop continues to expand its network of partner retailers (which currently includes Alo Yoga, Steve Madden, Dolce Vita, Alala, and P.J. Salvage), the $17 million fundraise will be used to accelerate go to market and scale.
“In order to be successful as a retailer in today’s landscape, it is critical to provide convenient options that offer a quick and seamless shopping experience from start to finish,” said Dana Stalder, General Partner at Matrix Partners. “Reshop has uncovered an entirely new space in the post-purchase experience and the platform’s growth to-date speaks to the opportunity at hand. We believe Reshop will become integral to the shopping journey for any brand.”
Early adoption of the platform has shown that Reshop is already driving significant impact for retailers, with 1 in 2 customers making a repeat purchase from the original merchant and with the majority of repeat purchases happening in less than 24 hours and in some cases in as little as one minute. Moving forward, Anthony will continue to maximize Reshop’s impact on the shopping experience.
About Reshop Launched in 2024, Reshop is focused on making refunds faster and more rewarding for both shoppers and merchants. By providing shoppers with immediate access to their money, Reshop helps increase satisfaction and drive more sales for retailers. For more information, visit Reshop.com.
BOSTON, Jan. 15, 2025 — Granata Bio Corporation (“Granata Bio”), a biopharma company focused on invigorating the $3.6B global infertility medication market, today announced its $15M Series A+ funding round. The round was exclusively supported by existing investors, including Gedeon Richter, CooperSurgical, Amboy Street Ventures, and other strategic investors. Granata has raised over $30 million to date.
This funding round will primarily support Granata Bio’s efforts to progress its existing pipeline and explore new innovative assets in reproductive health. With this investment, Granata Bio is focused on strengthening its leadership within the reproductive health space and continuing to identify and grow innovative solutions for patients.
Evan Sussman, CEO of Granata Bio, expressed gratitude for ongoing support, stating “we are grateful for the continued confidence and commitment shown by our existing investors, especially our strategic partners who are leaders in women’s health, Gedeon Richter and CooperSurgical. Granata Bio is committed to improving access for fertility patients by identifying and developing new therapeutic solutions. With this new funding, we are well-positioned to accelerate the development of our current and future pipeline.”
Granata Bio was represented by Mintz in the funding round.
About Granata Bio Granata Bio is a US-based biopharma company focused on women’s health and infertility. Founded in 2018, Granata’s pipeline includes collaborations spanning multiple IVF product classes. To learn more about Granata Bio, visit www.granata.bio. For all inquiries contact [email protected].
About Gedeon Richter Gedeon Richter Plc. (www.gedeonrichter.com), headquartered in Budapest, Hungary, is a major pharmaceutical company in Central Eastern Europe, with an expanding direct presence in Western Europe, China, Latin America, and Australia. Having reached a market capitalization of EUR 4.3bn (USD 4.7bn) by the end of 2023, Richter’s consolidated sales were approximately EUR 2.1bn (USD 2.3bn) during the same year. The product portfolio of Richter covers many important therapeutic areas, including Women’s Healthcare, Central Nervous System, and Cardiovascular areas. Having the largest R&D unit in Central Eastern Europe, Richter’s original research activity focuses on CNS disorders. With its widely acknowledged steroid chemistry expertise, Richter is a significant player in the Women’s Healthcare field worldwide. Richter is also active in developing, manufacturing and commercializing biosimilars for the treatment of osteoporosis, rheumatoid arthritis and other auto-immune diseases.
CooperSurgical CooperSurgical® is a leading fertility and women’s healthcare company dedicated to putting time on the side of women, babies, and families at the healthcare moments that matter most in life. CooperSurgical is at the forefront of delivering innovative assisted reproductive technology and genomic solutions that enhance the work of ART professionals to the benefit of families. We currently offer over 600 clinically relevant medical devices to women’s healthcare providers, including testing and treatment options. CooperSurgical is a wholly-owned subsidiary of CooperCompanies. CooperSurgical, headquartered in Trumbull, CT, produces and markets a wide array of products and services for use by women’s health care clinicians. More information can be found at www.coopersurgical.com.
