Chartbeat offers an end-to-end media operations software platform. The Chartbeat platform provides content analytics and revenue management software across the digital media landscape that increases audience engagement and loyalty, informs editorial decision-making and accelerates advertising and subscription revenue growth. Chartbeat is trusted by over 1,000 organizations including The Walt Disney Company, Warner Bros. Discovery, NewsCorp, Hearst, and The New York Times and used in 70 countries.

Since Cuadrilla’s acquisition of Chartbeat in 2022, Chartbeat has completed two acquisitions, Lineup Systems and Tubular Labs, to create one of the industry’s deepest media operations SaaS platforms. The additional capital from Bain Capital will empower Chartbeat’s continued investments in product innovation and pursuit of additional complementary acquisitions, thereby further enhancing the company’s market leading position.

“Since acquiring Lineup Systems and Tubular Labs last year, we’ve worked to unite all three products into a single platform to maximize both reach and revenue for our clients, the largest media organizations in the world,” said John Saroff, CEO at Chartbeat. “We are excited to bring these solutions to market as a fully integrated platform to deliver greater value across editorial, analytics, sales and finance. Expanding our partnership to include Bain Capital, a firm with deep software and media expertise, alongside Cuadrilla, provides us with additional resources to fuel our growth and deliver the innovations our clients have come to expect from us.”

“Chartbeat has established a leading, differentiated position in the media operations software space because they consistently and effectively deliver an exceptional user experience to digital publishers,” said Brad Charchut, Partner, and David Healey, Director, at Bain Capital Credit. “We look forward to contributing our deep, cross-platform experience and insight in SaaS to accelerate Chartbeat’s growth and innovation. Together with John, Chartbeat’s team, and Cuadrilla, we are aligned with the company’s mission of creating lasting value for media organizations.

“In the two years since we backed Chartbeat, they’ve completed two acquisitions, created a category-defining solution suite and more than tripled in size – all against the backdrop of a challenging macroeconomic environment,” said Jonah Sulak and Vikram Abraham, Co-Founders and Managing Partners at Cuadrilla. “We are thrilled with Chartbeat’s progress and are equally as excited to welcome Bain Capital as a capital partner to help accelerate Chartbeat’s growth and innovation roadmap.”

Lincoln International served as financial advisor and Alston & Bird LLP served as legal advisor to Chartbeat and Cuadrilla. Proskauer Rose LLP served as legal advisor to Bain Capital.

About Chartbeat
Chartbeat is a leading content analytics SaaS platform serving the world’s largest media enterprises. Chartbeat’s real-time and historical dashboards, experimentation and in-page optimization tools, robust reporting, and more help the content and audience teams understand, measure and build business value from the attention earned by their content. For more information, visit www.chartbeat.com.

About Bain Capital Credit
Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately $45 billion in assets under management. Bain Capital Credit invests across the credit spectrum and in credit-related strategies, including leveraged loans, high-yield bonds, structured products, private middle market loans and bespoke capital solutions. Our team of more than 100 investment professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. Bain Capital Credit’s dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $150 million located in North America, Europe and Asia Pacific. In addition to credit, Bain Capital invests across asset classes including private equity, public equity, venture capital and real estate, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

About Cuadrilla Capital
Founded in 2021, Cuadrilla Capital, LLC is a leading enterprise software investment firm with over $500 million assets under management. Cuadrilla partners with exceptional SaaS companies with strong product-market fit and significant strategic value to drive accelerated growth and long-term success. The firm is headquartered in Santa Barbara, CA. For more information, visit www.cuadrillacapital.com.

Media Contact:
Chartbeat
Lauryn Warnick
[email protected]

Cuadrilla Capital
Michael Richards
[email protected]

Related Links
www.chartbeat.com
www.lineup.com
www.tubularlabs.com
www.baincapitalcredit.com
www.cuadrillacapital.com

SOURCE Cuadrilla Capital

Strategic investment from Goldman Sachs Alternatives and additional credit facility commitments fortify BrightNight’s standing as a leading U.S. renewable power platform.

NEW YORK, Oct. 7, 2024 — BrightNight, the next-generation renewable power producer built to deliver clean and dispatchable power solutions, today announced the successful closing of a $440 million strategic equity investment from Goldman Sachs Alternatives.

This investment, together with existing capital commitments from leading institutional investors, is expected to fully fund BrightNight’s five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio, which includes solar, energy storage, and hybrid solutions.

BrightNight Chairman and CEO Martin Hermann said: “We are excited to partner with Goldman Sachs. This investment, as well as their deep energy transition and capital markets experience, will help drive the execution of our IPP business model and the build-out of our utility-scale portfolio, delivering cutting-edge clean power projects to serve our customers across the U.S.”

Global Infrastructure Partners will continue to support BrightNight with its existing capital commitment, which will fund construction equity needs for BrightNight’s projects.

Additionally, BrightNight announced the upsize of its corporate credit facility initially announced earlier this year from $375 million to $400 million. This credit facility will provide BrightNight with the necessary balance sheet support to execute on its U.S. project portfolio, delivering critical clean energy infrastructure to serve BrightNight’s customers across the U.S. The credit facility is structured as a Green Loan, in alignment with Green Loan principles.

BofA Securities, Inc. and PJT Partners acted as financial advisors to BrightNight on Goldman Sachs Alternatives’ investment and Taft Stettinius & Hollister acted as legal advisor. Jefferies LLC acted as sole financial advisor, and Weil, Gotshal & Manges LLC served as legal counsel to Goldman Sachs Alternatives.

Latham and Watkins and PEI represented BrightNight in the corporate credit facility transaction. Norton Rose Fulbright served as Lender Counsel.

About BrightNight

BrightNight is a leading renewable integrated power company designed to provide utility, commercial, and industrial customers with clean, dispatchable renewable power solutions. BrightNight works with customers across the U.S. to design, develop, and operate safe, reliable, large-scale renewable power projects optimized to manage the intermittent nature of renewable energy. Its deep customer engagement process, team of proven power experts, and industry-leading solutions enable customers to meet and exceed challenging energy sustainability standards, navigate rapidly changing grid dynamics, and facilitate the transition away from fossil fuel generation. BrightNight’s industry-first Artificial Intelligence platform, PowerAlpha^®, allows it to design, optimize, and operate renewable power plants with industry-leading economics and performance. In addition to Goldman Sachs, current BrightNight investors and partners include Global Infrastructure Partners and CPP Investments-backed Cordelio Power. To learn more, please visit www.brightnightpower.com.

About Infrastructure at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $450 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure, hedge funds, and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance by drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors, and individuals. Goldman Sachs has over $2.9 trillion in assets under supervision globally as of June 30, 2024.

Established in 2006, Infrastructure at Goldman Sachs Alternatives has consistently navigated the evolving infrastructure asset class, having invested approximately $16 billion in infrastructure assets across market cycles since its inception. The business partners with experienced operators and management teams across multiple sectors, including energy transition, digital infrastructure, transportation & logistics, and circular economy & other.

SOURCE BrightNight

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Community-based celebration is bringing together the innovation ecosystem in Massachusetts, organized by The Engine 

CAMBRIDGE, Mass., Oct. 7, 2024 — Massachusetts leads the world in taking on tough challenges using tough technology. Across climate, biotech, pharma, robotics, AI, quantum computing, and advanced systems–thousands of breakthroughs have emerged from research in the Commonwealth, and hundreds of companies have formed to bring this science to commercialization. This week, we celebrate that history while looking towards how to support emerging leaders in Massachusetts’ economy. From women’s health to hardware to pop culture to biomanufacturing, there’s something for everyone during Tough Tech Week.

Organized by The Engine with presenting sponsor J.P. Morgan Innovation Economy, Tough Tech Week cements Massachusetts as the premier hub for Tough Tech: transformational science and engineering addressing the world’s most challenging problems.

The week is anchored around the seventh annual Tough Tech Summit, produced in partnership with Engine Ventures. Additional events are hosted by organizations in the ecosystem and designed to bring together people and resources in support of transformative technology. People interested in attending events during the week can check out the Tough Tech Week website for the most up-to-date information. Attendees will have the opportunity to participate in panels, pitch sessions and demo days, founder discussions, workshops, and industry-specific gatherings.

Highlights include:

• (Monday, Oct 7) Tough Tech Week Kickoff with GE Vernova: Join GE Vernova and J.P. Morgan leadership and Yvonne Hao, Massachusetts’ Secretary of the Executive Office of Economic Development, for a Tough Tech Week Kickoff Event at GE Vernova’s Cambridge world-headquarters.
• (Monday, Oct 7) Investing in Tough Tech with ven^x: An event featuring a diverse set of perspectives on the nuances of Tough Tech investing, hosted by Boston’s first collaborative deep tech VC hub.
• (Monday, Oct 7) Financing First-of-a-Kind Tough Tech Projects: A panel of Tough Tech founders and experts from The Engine and HSBC Innovation Banking discussing best practices in financing innovative technologies and de-risking the process of getting ideas out of a lab, into a factory, and into the world
• (Tuesday, Oct 8) Breakthrough Energy Fellows Investor Breakfast: An invite-only gathering of Breakthrough Energy Fellows and key climate tech investors, this event will provide an opportunity to connect, share insights, and explore opportunities within the tough tech ecosystem. Space and coordination generously supported by J.P. Morgan and Cambridge Consultants.
• (Tuesday & Wednesday, Oct 8-9) Tough Tech Summit: A gathering of thought leaders, investors, entrepreneurs, and researchers for a two-day, invite-only conference co-hosted by Engine Ventures and The Engine.
• (Tuesday, Oct 8) Climate Tech Cocktails Party at The Grand: Convening the climate tech community and our supporting ecosystem to accelerate momentum in Boston.
• (Thursday, Oct 10) Activate Demo Day & Tech Showcase: Activate Demo Day in Boston is an in-person, hands-on investor expo where Activate Fellows present their cutting-edge innovations to investors, industry leaders, and key stakeholders, marking their transition from groundbreaking research to impactful market-ready technologies.

Join Us in Boston

Experience the dynamic Tough Tech ecosystem firsthand. For startup founders, investors, researchers, and the Tough Tech curious, Tough Tech Week offers a platform to engage with the forefront of technology and innovation. Visit ToughTechWeek.xyz to learn more about events, RSVP, and get updates as the agenda evolves; and follow the action on LinkedIn.

Special thanks to our presenting sponsor, J.P. Morgan Innovation Economy, as well as The Engine’s partners and Tough Tech Week event hosts:

Activate | Arrow Electronics | Breakthrough Energy Fellows | BXP | Cambridge Consultants | Climate Tech Cocktails | Commonwealth of Massachusetts | CSC Leasing | Dacon Corporation | Deloitte | The Engine Ventures | Eppendorf | GE Vernova | Greentown Labs | Hilti | HSBC Innovation Banking | Kendall Square Association | LabCentral | Marsh McLennan Agency | MassINC | Merlin | MilliporeSigma | Mintz | MIT Museum | MIT Open Space Programming | Museum of Science | New England Network Solutions | Thermo Fisher | Triumvirate Environmental | ven^x

About The Engine

The Engine was built by MIT to support and accelerate any and all Tough Tech companies solving the world’s most challenging problems, as they move from research breakthroughs to commercial impact. The Engine provides the critical infrastructure, programs and ecosystem early-stage Tough Tech companies need to thrive. Learn more at www.engine.xyz. 

Media Contact:
Jacqui Miller
+1 (978) 314-3146
[email protected]

SOURCE The Engine

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CAPE CANAVERAL, Fla., Oct. 7, 2024 — Starfighters Space Inc, headquartered at Kennedy Space Center, operating the world’s only commercial fleet of aircraft capable of flying at sustained MACH 2+ and able to air-launch payloads at altitude, proudly announced the addition of its second launch facility at the Midland, Texas Spaceport.

Key Highlights:

• Midland, Texas Spaceport to be homebase for Starfighters Hypersonic Testing initiatives
• Starfighter Space Midland extends geographic diversification allowing for continuity of operations

Starfighters’ second launch facility at Midland comes from an economic development agreement with the Midland Development Corporation (MDC). This agreement is unique as The Midland International Air & Space Port is the first commercial spaceport to be co-located with an FAA Part 139 commercial airport, which gives the spaceport access to the airport’s services and resources.

Starfighters Space CEO Rick Svetkoff said, “At the end of the day, it is the team that makes the mission successful. MDC truly understood the power and resiliency of us securing multiple launch facilities and worked with us in bringing the project to life.”

Starfighters Space sees Midland as the anchor of what Svetkoff calls a “Hypersonic Test Corridor.” With Starfighters providing a critical airborne testbed for hypersonic research, Midland extends access as far west as Mojave and Vandenberg Space Ports. Key to the partnership, Starfighters Space and MDC are working to secure FAA approval and certification for the corridor initiative.

Svetkoff went on to note, “As a strategic southwestern hub, Midland will enable our aircraft to reach these various military operating areas much quicker and in a more cost-effective manner.”

Starfighters will be conducting research and development for commercial and defense industries, as well as providing an alternative facility for StarLaunch, the Company’s supersonic space delivery platform now in development with GE Aeronautics. In kind, the Company plans to invest millions in capital assets and equipment for its presence at Midland International Air & Space Port by 2027. As part of this expansion, Starfighters Space plans to create 23 new full-time jobs in Midland by 2033.

“We are honored to welcome Starfighters Space to Midland,” said Lourcey Sams, chairman of the MDC board. “Their decision to expand here highlights Midland’s growing reputation as a hub for aerospace innovation. We look forward to the positive impact Starfighters Space will have on our community.”

Sams went on to say, “The expansion also serves to highlight Midland’s increasing prominence in the aerospace sector, reinforcing its position as a leading destination for high-tech industries.”

Starfighters Space is currently undertaking a Reg-A+ offering hosted with Equifund (https://equifund.com), a private market investment platform that delivers vetted, early-stage investing opportunities. To date, Starfighters Space has raised over $6 million from investors.

This opportunity is being offered pursuant to Regulation A by Digital Offering, LLC, an SEC registered broker-dealer, and member of FINRA and SIPC. Investors are encouraged to carefully review the Offering Circular and exhibits prior to investing.

The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has been filed with the U.S. Securities and Exchange Commission and has become qualified. The securities offered by the Company are highly speculative. Investing in shares of the Company involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue.

For additional information on the Company and the Offering, and other related topics including how to invest, can be found on the Company’s website at https://starfightersspace.com and at https://equifund.com/starfighters. Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the risk factor section of the Form 1-A offering circular.

About Starfighters Space

Starfighters Space owns and operates the only commercial, sustained Mach 2+ capable supersonic aircraft fleet in the world. The Company is using its growing fleet of supersonic aircraft for its “One Platform – Two Missions” rollout. This is an Airborne Testing Platform for the development and advancement of the next generation of hypersonic defense and commercial initiatives as well as a Space Delivery Platform featuring the Company’s piloted supersonic aircraft as a first stage, designed to rapidly and efficiently deliver the next generation of mission-critical small payloads into orbit. The Company operates out of Kennedy Space Center, utilizing the NASA Shuttle landing facility as its headquarters, with plans to add additional spaceport access as part of its hypersonic and launch corridor initiative. Starfighters Space supplies services to both government and commercial entities, including Space Florida, GE Aeronautics, the Defense Innovation Unit, Air Force Research Lab and others. Management’s goal is to become one of the most cost-effective, small payload launch providers in the world. For more information visit: https://starfightersspace.com/.

Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. All statements, other than statements of historical fact, in this document that address activities, events, or developments that Starfighters Space, Inc. (the “Company”) or a third party expects or anticipates will or may occur in the future, including but not limited to the investment opportunity, the future growth and valuation of the aerospace industry, the Company’s future growth, the future diversification of the Company’s revenue streams and the assumptions underlying any of the foregoing, are forward-looking statements. These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable, including information and assumptions about the Company’s ability to obtain the necessary permits and approvals to operate, the Company’s ability to develop new products, market trends and competition in the Company’s industry, effects of the COVID-19 public health crisis and future sales of the Company’s securities. Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effect on, the Company. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.  No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

About the Midland Development Corporation:

The Midland Development Corporation (MDC) promotes business expansion and job creation in Midland, Texas. MDC works to attract and retain employers in diversified industries, fostering economic growth in the region.

Media contact:
Ameer Sidhu
[email protected]
407-751-1919

SOURCE Starfighters Space Inc.

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Global Business Leaders Champion Women Entrepreneurs, Emphasizing That Money Is Power and Essential for True Equality in the Worlds of Business and Finance

LOS ANGELES, Oct. 7, 2024 — The acclaimed documentary, “Show Her The Money,” has successfully wrapped its ambitious 100-city grassroots global tour. This groundbreaking film, highlighting the power and significance of funding women entrepreneurs, took its message to cities across the globe, driven by a sponsorship from Wells Fargo.

“Show Her The Money,” directed by Ky Dickens and produced by Catherine Gray spotlights prominent female investors who are committed to backing diverse women entrepreneurs with world-changing innovations. The documentary emphasizes a central truth: money is power, and women need equitable access to it to achieve genuine equality.

“Show Her The Money” introduces us to “angel investor” Dawn Lafreeda, who went from a struggling Denny’s waitress to the largest full-service female restaurant owner in America and Wendy Ryan, a powerhouse investor using her generational wealth to empower women and BIPOC entrepreneurs. We also meet Pocket Sun, who was so disheartened by the gross underfunding of women, she did what Silicon Valley told her was impossible and co-founded her own female-led VC fund, SoGal Ventures. This feat landed her on the cover of Forbes Asia magazine as one of its 30 under 30. The film also showcases several women Sun’s fund invested in such as global influencer Diipa Khosla, Founder of Inde Wild cosmetics that are dermatologically designed and tested, loaded with Ayurvedic nutrients as well as science-backed ingredients that help reduce dark spots, brighten, heal and soothe blemishes, and much more; Marian Leitner Founder of Archer Roose Wines- a sustainable canned wine company which boasts actress Elizabeth Banks as spokesperson and co-owner. Jasmine Jones founder Myya, the only online direct-to-consumer, insurance billable, post-mastectomy intimates’ brand is also featured. Inspired by her grandmother’s battle with breast cancer, the former Miss District of Columbia USA believes that “every woman deserves to feel beautiful.” Producer Gray, a “connector” and multi-hyphenate media powerhouse, who helped bring subjects of the film together and is the host of a weekly podcast, “Invest in Her,” available wherever podcasts are found. And Vicky Pasche, co-founder, Dapper Boi, Inc., a gender-neutral, body-inclusive clothing line-who ranks in the top 5% on Shopify. In addition to the founders and angel investors, the film also features actress Sharon Gless doing double duty as an executive producer.

Gray passionately underscored its mission: “Our goal is to equip women with the knowledge and resources to navigate the venture capital landscape. This 100-city grassroots global tour has been crucial in raising awareness and fostering change in the entrepreneurial funding ecosystem for women.”

Sponsored by Wells Fargo, the documentary’s tour visited cities in the U.S., Canada, Europe, Asia, Australia and New Zealand. Many locations hosted post-screening discussions to delve deeper into the issues addressed in the film.

“Show Her The Money” has not only succeeded as an eye-opening film but also galvanized global audiences to support and invest in women entrepreneurs, firmly advocating that empowering women with financial resources is crucial for fostering innovation, driving economic growth, and building a more equitable society everywhere in the world.

We are thrilled to offer unique networking opportunities at this wrap event, featuring distinguished guests such as Wells Fargo VP Ruth Jacks, Producers Catherine Gray and Andrea Quinn, and Moderator Carrie Murray of Bra Network.

Engage with an inspiring international panel of powerhouse women, followed by an exclusive viewing of “Show Her The Money” and a thought-provoking post-screening panel discussion.

The international panel of women entrepreneurs from countries in which “Show Her The Money” was screened will include Sarah Park, Co-founder Even Capital, New Zealand; Mairin Murray, TechFoundHer, Ireland; Mirela Sula Founder & CEO of Global Woman Magazine, UK and Shelin David, CEO Shebacks.me, Australia.

An after-party, from 5 pm to 7:30 pm, with live music and appetizers is included for VIP ticket holders.

This remarkable event is sponsored by West Hollywood City Chamber and Wells Fargo. Join us in celebrating and supporting global women entrepreneurs!

Tickets and info: www.showherthemoneymovie.com

Contact:
Jeffrey Hollingsworth
213-308-0200
[email protected]

SOURCE Show Her The Money

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Investor Statements

DCI Partners Co., Ltd.
“We are excited to announce that we are the lead investor in this round of investment from our fund. We are fully committed to supporting the growth of Rege Nephro.”

JIC Venture Growth Investments Co., Ltd.
“We strongly believe that his advanced drug discovery research based on Professor Osafune’s discoveries will provide new therapeutic solutions for intractable renal diseases.”

Kyoto University Innovation Capital Co., Ltd.
“We are delighted that Rege Nephro, which we have supported since before the company was founded, has finally entered the clinical stage. We hope that this funding will accelerate the clinical trials and bring a new therapeutic drug to patients as soon as possible.”

JAFCO Group Co., Ltd.
“We hope that this financing will further accelerate Rege Nephro research and development in iPS drug discovery and provide new treatment options for patients suffering from diseases with limited treatment options.”

Mitsubishi UFJ Capital Co., Ltd.
“Our continued investment reflects our confidence in Rege Nephro’s rapid progress and the potential of Professor Osafune’s iPS cell technology to significantly impact medical practice.”

Series B investors

About Rege Nephro Co., Ltd.

Rege Nephro Co., Ltd. is a clinical-stage biotech company utilizing induced pluripotent stem cell (iPSC)-based technology from the Center for iPS Cell Research and Application (CiRA), Kyoto University. It is developing therapeutics and cell therapy for kidney, liver, and pancreas diseases.

About RN-014

Tamibarotene, under development for ADPKD, is a retinoic acid receptor (RAR) agonist expected to potently inhibit cyst formation and improve renal function. The Phase II clinical trial began in December 2023. This trial includes a pharmacokinetic (PK) phase and a randomization phase. Various safety measures have been established, including phased patient enrollment, periodic independent safety monitoring, strict criteria for dose reduction and discontinuation of the investigational drug, and criteria for discontinuation of the entire trial. There have been no significant issues at this time.

About RN-032

Cell therapy using NPCs for Chronic Kidney Disease (CKD). Nephron progenitor cells (NPCs) are cells that give rise to nephrons. Rege Nephro has been tried implanting iNPCs (NPCs induced from allogeneic human iPSCs) into the damaged kidneys, and the improvements in renal function have been confirmed in the several mouse experiments.

SOURCE Rege Nephro CO., Ltd.

TUKWILA, Wash., Oct. 7, 2024 — New Frontier Aerospace (NFA), a leading developer of advanced aerospace technologies, today announced that it has closed a seed funding round with Pacific Bays Capital (PacCap), a Tokyo-based investment fund focused on the aerospace, space, green agriculture and energy sectors.

New Frontier Aerospace is a privately held technology company developing advanced propulsion systems to power multiple products, including net carbon negative hypersonic aircraft for civil, commercial, and defense customers. The company is dedicated to enabling fast, routine and cost-effective access to any point on Earth – and to any destination in cislunar space.

“We are thrilled to have Pacific Bays Capital as an investor and partner as we continue to advance our cutting-edge aerospace technologies,” said Bill Bruner, CEO of New Frontier Aerospace. “Their global networks and expertise in our focus areas will be invaluable as we work to expand our business and bring our innovations to new markets around the world.”

Pacific Bays Capital has a strong track record of supporting promising startups in Japan and around the world. With a global presence and deep industry connections, the firm is well-positioned to help NFA accelerate its expansion plans.

“New Frontier Aerospace is pioneering important advancements in aerospace that have the potential to transform the industry,” said PacCap Partner Dr. Jason Nye. “We are excited to work closely with the NFA team on providing affordable and safe hypersonic transportation to both commercial and defense customers.”

About New Frontier Aerospace

New Frontier Aerospace is a leading developer of advanced aerospace propulsion technologies for aircraft and spacecraft. The company’s innovative solutions are revolutionizing global air and space transportation – and creating new possibilities for aerospace applications. NFA is headquartered in Tukwila, WA. For more information, visit https://www.nfaero.com.

About Pacific Bays Capital

Pacific Bays Capital is a Tokyo-based investment fund with a global presence. The firm is focused on investing in startups in the aerospace, space, green agriculture and energy sectors, leveraging its extensive networks and expertise to help its portfolio companies expand their global footprint. For more information, visit https://pacificbayscapital.com.

Contact:
Jim Bono
***@nfaero.com

Photo(s):
https://www.prlog.org/13042000

Press release distributed by PRLog

SOURCE New Frontier Aerospace

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CUPERTINO, Calif., Oct. 7, 2024 — Ambow Education Holding Ltd. (NYSE American: AMBO) (“Ambow” or the “Company”), an AI-driven educational technology company, today announced that it has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This agreement grants licensing authorization for the production of the HybriU AI UniBox and the sale of HybriU, a comprehensive AI-driven, plug-and-play educational solution, in international markets. The agreement aligns with Ambow’s mission to advance the future of education and empower educators and students globally.

“This partnership extends HybriU’s presence in the rapidly growing global digital education sector,” said Dr. Jin Huang, Ambow’s President, Chief Executive Officer, and acting Chief Financial Officer. “As more international partners join in the sale of HybriU, we can focus on expanding our presence in key U.S. markets, where we believe HybriU is currently the only available 5-in-1 total solution. It seamlessly integrates AI—empowering five key domains: teaching, learning, connectivity, recording, and management—along with lecture capture, immersive technology, and a comprehensive management platform designed specifically for the education sector. HybriU delivers a unified learning experience that transcends the boundaries of both online and offline education, bridges language and regional divides, and connects academia with industry.”

HybriU’s cutting-edge 3D solution includes 3D signal capture, recording, transformation, and remote display capabilities. It supports broadcasting life-sized 3D projections of professors in remote classrooms via a 3D LED wall, enabling a highly immersive learning experience. Learners can engage in their native language while interacting with the 3D content, making the platform accessible and effective across diverse linguistic and regional boundaries.

Based in Singapore, Inspiring Futures brings extensive experience in the education sector, with a strong focus on educational intelligence and network connectivity within Asian markets. The company is now looking to expand internationally, targeting regions with a growing demand for high-quality education and advanced technology integration. Through strategic partnerships and relationships with key stakeholders, Inspiring Futures aims to deliver innovative solutions while positioning itself as a trusted partner in the global education landscape.

About Ambow

Ambow Education Holding Ltd. is a U.S.-based, AI-driven educational technology company dedicated to empowering educational institutions, educators, and students through cutting-edge AI and connectivity solutions tailored specifically to the education sector. With our innovative HybriU technology and the operation of the prestigious New School of Architecture & Design in San Diego, California, Ambow is committed to delivering unmatched, personalized, and impactful career education services, alongside advanced AI-driven digital education technologies and solutions. For more information, visit Ambow’s corporate website at https://www.ambow.com.

Follow us on X: @Ambow_Education

Follow us on LinkedIn: Ambow-education-group

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Ambow and the industry. All information provided in this press release is as of the date hereof, and Ambow undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Ambow believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

For more information, please contact:
Ambow Education Holding Ltd.
E-mail: [email protected]
or
Piacente Financial Communications
Tel: +1 212 481 2050
E-mail: [email protected]

SOURCE Ambow Education Holding Ltd.

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CHICAGO, Oct. 4, 2024 — Chaifetz Group is pleased to announce a new strategic investment in The Picklr, North America’s fastest-growing indoor pickleball franchise. This investment underscores Chaifetz Group’s dedication to expanding access to the sport and enhancing the pickleball experience for both professional and recreational players nationwide.

Chaifetz Group (“CG”) is the sole owner of the Major League Pickleball franchise, the St. Louis Shock, who currently sit in the #1 position of Major League Pickleball’s (“MLP”) standings with 38 points and an overall record of 14-4. Chaifetz Group also holds equity interests in United Pickleball Association (“UPA”), the parent company of the Professional Pickleball Association (“PPA”) and MLP, as well as Dynamic Universal Pickleball Rating System (“DUPR”), and more. The Picklr investment furthers CG’s commitment to pickleball and rounds out one of the most thorough private investment ecosystems in the sport.

The Picklr operates state-of-the-art indoor facilities designed to provide exceptional playing environments for pickleball enthusiasts of all skill levels, and is the fastest-growing pickleball franchise system in the world. The Picklr boasts the largest footprint of indoor pickleball franchises in North America, and seamlessly integrates modern facility design, technology and fun to create the best pickleball experience possible. With more than 350 state-of-the-art clubs sold nationwide, The Picklr currently has 16 locations open in the US with an additional 20 opening by the end 2024 and 100 opening in 2025.

As a part of the strategic investment, The Picklr will partner with the STL Shock on various brand awareness initiatives, further integrating MLP’s top franchise with the world’s fastest growing pickleball facility provider. The Shock will be designated by The Picklr as an “Official MLP Team Partner”, and the Shock will prominently feature The Picklr through its social media, team uniforms, and other marketing tactics.

The investment will see Richard Chaifetz, Chairman of Chaifetz Group and the STL Shock, and Ross Chaifetz, Owner and General Manager of the Shock, participate on The Picklr’s Board of Directors, bringing further expertise from the professional pickleball landscape to the most senior levels of The Picklr’s leadership team, which is led by The Picklr Founder and CEO, Jorge Barragan.

“We are thrilled to welcome Chaifetz Group and the St. Louis Shock to The Picklr family,” said Jorge Barragan, CEO of The Picklr. “Their passion for pickleball and experience across a broad range of professional sports assets will be instrumental as we continue to redefine the world’s best pickleball experience. In just 18 short months since founding the franchise, the Chaifetz’ have built the Shock into one of MLP’s flagship teams, and we are pleased to have the confidence of their investment and partner with them on this journey.”

“In the world’s fastest-growing sport of pickleball, facility access remains the most important initiative to accelerate the game,” said Ross Chaifetz, Owner and GM of the STL Shock and Managing Director at Chaifetz Group. “Our investment in Picklr reflects our belief that the company is providing the highest-quality, most unique player experience in the sport. The Picklr’s facilities are world-class, and the rate of growth of The Picklr’s franchise ecosystem puts them in a class above all other facility providers. We are ecstatic to announce this strategic investment and partnership between Chaifetz Group, the Shock, and The Picklr – who we believe to be the best facility concept in the sport of pickleball,” he added.

For more information please visit www.chaifetzgroup.com, www.stlshock.com, www.thepicklr.com, or contact:

ABOUT CHAIFETZ GROUP

Chaifetz Group (“CG”) is a private investment firm and single family office of Richard Chaifetz and his family. CG invests across a variety of asset classes including venture capital, private equity, real estate and sports.

Ross Chaifetz
Managing Director
Chaifetz Group
[email protected]

ABOUT THE PICKLR:

The Picklr is North America’s fastest-growing network of premium indoor pickleball courts, offering an unparalleled experience for players of all skill levels. With 375 state-of-the-art clubs sold nationwide, The Picklr provides programs for beginners to pros, and a vibrant atmosphere. Membership to The Picklr includes access to all club locations nationwide, free court reservations, four clinics per month, and unlimited participation in leagues, competitive play/events and tournaments. Follow The Picklr on Instagram, X, LinkedIn, Facebook, and TikTok for news on locations and tournaments, or visit https://thepicklr.com/franchise/ to learn more about owning a franchise.

Picklr Media Contact:
DKC News
[email protected] 

SOURCE The Picklr and Chaifetz Group

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