Sadrack Belony joins the Group as Head of U.S. Investor Services, and Megan MacAniff joins as Head of U.S. Client Solutions.

PHILADELPHIA, Oct. 2, 2024 — Aztec Group, a leading fund and corporate services provider, has announced the appointments of Sadrack Belony and Megan MacAniff to strengthen its U.S. operations and support its growth strategy in the region.

Sadrack Belony joins the Group as Head of Investor Services for the U.S., to lead and grow the Investor Services team and function, including Investor Services, Corporate Services, and Treasury and Banking. Sadrack has over 20 years of experience in the fund services industry, having held senior roles at Citco Fund Services and Vistra USA. He has extensive expertise in investor relations, anti-money laundering, compliance, and business development. Sadrack holds a dual MBA in Finance and International Management from Northeastern University and a Bachelor of Science in Business Administration from Monmouth University.

Sadrack said, “I am thrilled to join Aztec Group and lead the Investor Services function for the U.S. Aztec Group has a strong reputation for delivering high-quality service to its clients. I am excited to work with a talented and dedicated team of professionals who share the same values and vision for the future of the fund services industry.”

Megan MacAniff joins the Group as Head of U.S. Client Solutions, where she will drive the execution of the U.S. strategy by crystalizing requirements and solutions for clients and prospects and identifying product changes to meet market demands. Megan has over 25 years of experience in the private equity industry, having worked for investment, service, and consulting firms in leadership and execution roles. She has significant experience building platforms to service private equity clients in middle and back-office functions and the ongoing success of client relationships. Megan holds a Bachelor of Business Administration from the University of Notre Dame.

Megan said, “I am delighted to join Aztec Group and lead the U.S. Client Solutions function. Aztec Group has a unique and differentiated offering in fund administration, and I am eager to leverage my experience and expertise to support its strategic objectives and growth plans here in the U.S. I am looking forward to working closely with our clients and prospects to understand their needs and provide them with tailored and innovative solutions.”

Commenting on the appointments, Head of U.S. Markets Scott Kraemer said: “We are delighted to welcome Sadrack and Megan to Aztec. They bring a wealth of experience and knowledge to our U.S. operations and will play a key role in delivering outstanding service to our clients and prospects in the region. Their appointments demonstrate our commitment to investing in our people and our capabilities to support our growth ambitions in the U.S. market.”

Aztec entered the U.S. with its first office in Philadelphia in 2021 and added a New York City office in 2023.

Over the past year, Aztec Group has made substantial investments in AIFM while strengthening teams serving the Real Assets and Private Credit asset classes, further expanding Aztec’s offering as a full-service fund and corporate services provider. 

About the Aztec Group

Established in 2001, Aztec Group is an award-winning independent provider of fund and corporate services, employing more than 2,000 people across the U.K., U.S., Luxembourg, Ireland, and the Channel Islands. The Group specialises in alternative investments, administering more than $600 billion in assets, 450 funds, and 4,500 entities for a range of clients, spanning the major asset classes, including private equity, venture capital, private credit, real estate, and infrastructure.

SOURCE Aztec Group

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Regeneration.VC leads Neutreeno’s Seed round alongside Remarkable Ventures Climate Fund (RVC), Closed Loop Partners, Prequel Ventures, Scania Invest and Beacon Venture Capital.

CAMBRIDGE, England, Oct. 2, 2024 Neutreeno, a pioneering deep tech startup spinning out of the University of Cambridge has secured a $5 million Seed round with support from a global syndicate of mission-aligned investors.

On average, companies have over 90% of emissions in their value chain (Scope 3) and 93% will fail to achieve their net zero goals unless they double the pace of emissions reduction by 2030. This is challenging due to a lack of primary value chain data, the inability to influence suppliers and the high cost of decarbonization.

Neutreeno’s proprietary process networks, based on mass and energy flow research, significantly minimise the primary data burden on suppliers and allows enterprises to map product lines faster and with greater precision than existing tools. Their easy-to-use and affordable digital system automatically pinpoints solutions that reduce emissions and costs across 1,000s of suppliers. Neutreeno’s customers span Asia, Europe, and North America, including S&P 500 and FTSE 250 companies across multiple industries, and a wide range of SMEs.

Fredrik Nilzén, Head of Sustainability at Scania Group, one of the world’s largest commercial vehicle manufacturers, emphasized, “Neutreeno offers a unique and innovative solution that is crucial for tackling sustainability challenges with improved efficiency and cost-effectiveness at scale. Scania Invest’s support emphasizes the strategic importance of advancing Neutreeno’s pioneering technology in the sustainability landscape.“

Dr Spencer Brennan, Neutreeno’s founder, assembled a team of scientists who over two decades pioneered concepts of circularity and resource efficiency in complex supply chains, informing international climate policy. Spencer remarked, “we take a completely novel, robust engineering approach to challenge the Scope 3 status quo.” Professor Jonathan Cullen, Head of Climate Science at Neutreeno and Lead Author for the IPCC AR6 Industry Chapter, stated, “Neutreeno breaks away from the noisy landscape of tedious, form-filling accounting-based carbon software.”

Neutreeno delivered groundbreaking results for a multi-billion-dollar enterprise customer, identifying a 35% emissions reduction potential across Scope 1–3 for one of its suppliers and automatically pinpointing actions leading to new product designs, procurement changes, and substantial emissions reductions — all in just four weeks.

Enthused by the company’s mission to democratize emissions reductions for millions of businesses, Michael Smith, General Partner of Regeneration, commented, “Neutreeno has the first technical system able to move beyond Scope 3 reporting to systematically decarbonize industry, unlocking the US$130 trillion of capital waiting to fund the low-carbon transition.”

With its innovative approach and strong industry backing, Neutreeno is poised to make a significant impact on global decarbonization efforts, helping companies achieve their climate goals faster than ever before.

About Neutreeno

Utilizing proprietary process networks and engineering models, Neutreeno identifies and eliminates emissions at source. Neutreeno partners with leading businesses wanting to move beyond carbon accounting and take decisive action to decarbonize Scope 3 emissions. Learn more here.

Photo – https://mma.prnewswire.com/media/2521643/Neutreeno_Announcement_Sep_2024.jpg

SOURCE Neutreeno

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HAMILTON, N.J., Oct. 2, 2024 — The World Economic Forum (WEF) – at the Sustainable Development Impact Meetings 2024 (SDIM24), its marquee Climate Week event in NYC – announced that Tidal Metals is a winner of its highly competitive Sustainable Mining Challenge. The Sustainable Mining Challenge evaluated companies from all over the world to find those breakthrough innovators who can dramatically reduce the energy consumption and environmental impact of the mining and metals lifecycle.

Uplink is WEF’s innovation platform with a mission to enable an innovation ecosystem to drive positive systemic change for people and the planet. Head of Growth, Partnerships and Innovation at WEF-Uplink, Sadaf Hosseini, announced the winners of Uplink’s Sustainable Mining Challenge during a session focused on industrial decarbonization. Hosseini emphasized the urgency and importance of innovation by stating that none of the industrial sectors, responsible for more than 30% of global greenhouse gas emissions, are on track to hit their net zero targets by 2050. According to the International Energy Agency, 50% of the emissions reductions needed for heavy industry must come from emerging technologies.

“The team at Uplink is an incredible enabler of sustainable innovation,” said Earl Jones, Tidal Metals’ Board Chair and DCVC Operating Partner. “Programs like the Sustainable Mining Challenge shine a light on those companies that truly have the potential to transform industries with historically harmful environmental practices through sustainable and economical innovations.” DCVC led Tidal Metals’ recently announced $8.5 million investment round.

The European Union, as well as the United States Departments of Energy and Defense, have all identified magnesium as one of the critical materials needed to drive the energy transition. Today, magnesium mining and refining are energy intensive and environmentally destructive and give magnesium the largest carbon intensity of all structural metals, including steel, aluminum, titanium and magnesium.

Tidal Metals’ sustainable mining process eliminates the need for terrestrial mining of magnesium ore. Instead, Tidal Metals extracts magnesium from seawater, where every 100 gallons of seawater contains over a pound of magnesium. The oceans collectively represent a nearly inexhaustible magnesium supply. Tidal Metals’ patented technology replaces chemical processes with more efficient and economic physical processes including filtration, crystallization, dehydration, and electrolysis. Seawater and electricity are the only inputs needed to produce metal. Nothing is added to the water, and no waste is generated. When powered by renewable electricity, Tidal Metals’ magnesium will be fully decarbonized, sustainable, and virtually unlimited.

Dr. Howard Yuh, CEO of Tidal Metals, said: “We are honored to have been selected as a winner in the Sustainable Mining Challenge. We believe our technology fundamentally changes the magnesium supply-chain going forward, improving its economics while making it sustainable and decarbonized. Lightweighting is a crucial element in our global decarbonization effort, and we need to scale the production of this lightest structural metal fast enough to move the needle. We look forward to collaborating with Uplink as a Sustainable Mining Top Innovator.”

About Tidal Metals
Tidal Metals, founded by three PhD scientists from MIT, Princeton, and Wisconsin, is a VC funded deep-tech company based in New Jersey that has developed a breakthrough suite of innovations for producing critical minerals and metals from seawater and brines – with no waste, no carbon emissions, and no harm to the environment. Tidal Metals’ first application is producing magnesium metal from seawater using only electricity to unlock an economically competitive and unlimited supply of this critical, structural metal needed for transportation, national security, hydrogen storage, and manufacturing other metals. Visit us at www.tidalmetals.com. See our newest developments. Watch our intro video at https://youtu.be/XKdRfaBst6k.

About DCVC

DCVC is deep tech venture capital. Over more than a dozen years, the firm has backed brilliant entrepreneurs using computational approaches to solve trillion-dollar problems in the real world across a broad set of industries, especially those that haven’t seen material progress in decades. With billions of dollars of assets under management, DCVC builds long-term relationships with the founders it backs. The firm has been with many of its companies from their very start — and through to their recognition by the public markets as category-defining businesses. For more information, please visit www.dcvc.com, or follow us on LinkedIn or Twitter @DCVC.

Media Contact:
Duncan O’Brien
6094383385
[email protected]

SOURCE Tidal Metals

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— Series B led by Goldman Sachs Alternatives with participation from Fidelity Management & Research Company, Deep Track Capital, and existing investors —

— Funding will advance second-generation anti-kallikrein 5/7+IL-13 bispecific (TRIV-573) through clinical proof-of-concept —

— Lead antibody program TRIV-509 IND submission on track for 1Q 2025 —

WATERTOWN, Mass., Oct. 2, 2024 — Triveni Bio Inc., a biotech company advancing novel antibody treatments for I&I disorders, today announced a $115 million Series B to support pipeline expansion. The round was led by Goldman Sachs Alternatives with significant participation from additional new investors Fidelity Management & Research Company and Deep Track Capital, and Series A investors Atlas Venture, Cormorant Asset Management, OrbiMed, Viking Global Investors, and Invus.

“We have built a differentiated pipeline of novel drug targets,” said Vishal Patel, Ph.D., Chief Executive Officer of Triveni Bio. “The Series B accelerates our pipeline expansion, particularly for our bispecific program, TRIV-573, which uniquely combines two orthogonal mechanisms of action.”

The Series B financing follows a $92 million Series A completed less than a year ago. In addition to pipeline advancement, Triveni is expanding its data science platform with a focus on precision dermatology and strengthening its leadership team – most recently with the appointment of Bhaskar Srivastava, M.D., Ph.D., as Chief Medical Officer.

“We have been impressed with the team’s progress towards becoming a clinical stage organization for I&I disorders where standard of care is lacking,” said Josh Richardson M.D., Managing Director within Goldman Sachs Alternatives. “We look forward to supporting both programs through clinical proof-of-concept and beyond.”

Triveni plans to submit an Investigational New Drug (IND) application for its lead candidate, TRIV-509, in the first quarter of 2025. TRIV-509 is a monoclonal antibody inhibitor targeting kallikreins 5 and 7 (KLK 5/7) that has demonstrated superior efficacy compared to IL-4R inhibition in multiple preclinical atopic dermatitis models. TRIV-573 combines KLK 5/7 inhibition with a well-established IL-13 mechanism. Triveni continues to explore additional innovative combinations to further enhance treatment outcomes.

The company is also advancing an antibody inhibitor of trypsin 1 and 2 for the treatment of hereditary pancreatitis, a genetic disorder predominantly caused by PRSS1 mutations. Hereditary pancreatitis, which currently has no approved treatments, impacts around 10,000 individuals in the United States.

About Triveni Bio
Triveni Bio is a biotechnology company at the forefront of novel antibody-based therapies for immunological and inflammatory disorders. Using a genetics-informed, precision medicine approach, the company seeks to establish proof-of-concept early in the drug development process by leveraging deep insights into genetic and mechanistic biology. To learn more, visit www.triveni.bio.

SOURCE Triveni Bio

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LEXINGTON, Va., Oct. 1, 2024 — Attochron LLC, the provider of the only carrier-grade free-space optical communications (FSOC) equipment, has closed $15M in Series A funding with a leading PE firm, TCR, Inc. (NY, NY). This follows Attochron and US Tier 1 carrier Lumen Technologies’ successful proof of concept with a Fortune 200 global retailer in Attochron’s home state of Virginia. Attochron is going to market with the ALTIS-7™ FSOC system that leverages short coherence length optical signals for best-in-class FSOC performance, with the market launch expected early in 1Q25. 

About Attochron: In 2016, Attochron was private equity seed-funded by TCR, Inc. accelerating the pace of Attochron’s development and demonstrations. In 2023, Attochron demonstrated the world’s only carrier-grade optical wireless communications technology, having established a global patent position represented by 200+ patents and patents-pending for the only proven carrier-grade FSOC technology. Attochron has disrupted the FSOC technology space and is going to market with major carriers, enterprise customers, military integrators and government agencies.

About TCR: Three Cities Research, Inc. (TCR) is a private equity firm that has invested in private businesses since the 1970s. TCR has have invested in a wide variety of industries, including industrial manufacturing, distribution, apparel, publishing, services and retail. Our investment focus is on businesses that are substantially underperforming their potential. We deploy dedicated resources to deeply understand the value proposition and competitive position of our portfolio companies. We work shoulder to shoulder with our management teams to develop and execute winning strategies. The capital for our investments originally came from the Bemberg family and their affiliates. In the 1990s, the capital came from TCR Fund II and TCR Fund III. Today, the capital comes from principals of TCR. J. William ‘Bill’ Uhrig is the President of TCR. He joined TCR in 1984 and has served as the managing partner since 2003. He has been involved in all aspects of the development and operation of TCR. Bill holds a BS degree in Aeronautical and Astronautical Engineering from Purdue University and an MBA from the University of Chicago Graduate School of Business.

Contact us: [email protected]

SOURCE Attochron, LLC

MIAMI, Oct. 1, 2024 — Idea Financial, the leading provider of small business lines of credit, today announced the successful closing of a new $50 million warehouse facility led by Performance Trust Capital Partners. This strategic move significantly enhances Idea Financials’ lending capacity and allows the company to increase its maximum loan limit to $350,000 for well-established small businesses.

The new facility was made possible due to Performance Trust’s relationships with community banks and strengthens Idea Financial’s position in offering competitive and flexible financial products to Main Street businesses across the United States.

“Performance Trust has opened up an entirely new market for Idea Financial through their deep relationships with smaller community banks,” said Larry Bassuk, Idea Financial’s President and co-founder. “With this additional capital, we will continue our mission to be a premier provider of lines of credit for small businesses.”

Justin Leto, Idea Financial’s CEO and co-founder, added, “As the economy shows tremendous resilience and continues to grow, Idea Financial, along with Performance Trust, will be well-positioned to fuel that growth.”

Prior to this partnership, Idea Financial provided lines of credit up to $250,000. The increase to $350,000 allows the company to better serve the needs of growing small businesses requiring larger capital infusions.

Performance Trust Capital Partners, a full-service investment bank focused on community depository institutions, facilitated this deal by leveraging its relationships with community banks and aggregating the capital necessary to provide this substantial warehouse facility – a task typically requiring significant capital from super-regional or national banks.

This partnership marks a significant milestone in Idea Financial’s growth trajectory and reinforces its commitment to supporting small businesses across the nation.

About Idea Financial

Idea Financial is the leading non-bank provider of small business lines of credit in the United States. The company offers financial solutions to high-quality, established businesses needing funds to drive growth. To date, Idea Financial has funded thousands of American small businesses with hundreds of millions of dollars in loans, helping businesses #ChargeForward. For more information, visit ideafinancial.com.

About Performance Trust Capital Partners

Performance Trust Capital Partners is a full-service investment bank focused on community depository institutions. Their innovative approach enables syndication opportunities among community bank partners, allowing for the creation of significant facilities to support small business lenders. For more information, visit performancetrust.com.

For more information, please visit www.ideafinancial.com or contact Alexander Lozano at [email protected]

SOURCE Idea Financial

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NEW YORK, Oct. 1, 2024 — Rogo, the secure enterprise AI platform built by and for finance professionals, announces an $18.5 million Series A funding round led by Khosla Ventures, with participation from Mantis VC, Jack Altman (CEO of Lattice and founder of Altman Capital), Eric Schmidt (former CEO of Google), and others. Keith Rabois, General Partner at Khosla Ventures, CEO of OpenStore, and four-time Midas List awardee, joins Rogo’s Board of Directors. This round brings Rogo’s total funding to $26 million.

Founded in 2021, Rogo has rapidly established itself as the leading vertical provider of Generative AI solutions for financial firms, including investment banks, hedge funds, and private equity. The company is on track to double revenue and expand its banking footprint significantly between now and the end of 2024. This funding will fuel this expansion, enabling Rogo to grow its team, accelerate core platform development and scale customer partnerships. 

“We believe Generative AI is set to revolutionize knowledge work, and no industry stands to benefit more than financial services,” said Gabriel Stengel, CEO and Co-Founder of Rogo. “Over the past year, we’ve empowered top financial professionals to work smarter and more efficiently, significantly reducing the workload on junior teams.”

Rogo fine-tunes large language models (LLMs) to provide instant answers to complex financial questions, automate workflows, deliver in-depth market analyses, and help firms build custom AI solutions tailored to their unique needs.

Since emerging from stealth mode in early 2024, the company has seen rapid adoption by more than 25 leading financial firms, achieved multi-million-dollar annual recurring revenue (ARR) and is widely used across teams and levels at global financial firms. Rogo aims to partner with these customers as they navigate firm-wide AI strategies.

Rogo’s existing investors include AlleyCorp, BoxGroup, Company Ventures, and ScOp Ventures. For more information about Rogo and its AI-powered financial intelligence platform, visit rogo.ai.

About Rogo: Trusted by top investment banks and private equity investors, Rogo is a secure enterprise AI platform that helps firms work faster and smarter. We aggregate the most important financial and customer data into a powerful AI platform, then partner with clients to build and customize key workflows and navigate firmwide AI strategy.

About Khosla: Khosla Ventures is a leading venture capital firm with over $15B AUM that invests in early- to growth-stage companies with a focus on bold, transformative technologies. Founded by Vinod Khosla, the firm supports innovators in a variety of industries.

Media Contact

Julia Lauer
[email protected]

SOURCE Rogo

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With backing from lead investors Touring Capital and Mitsui, Numa has raised a total of $48M to revolutionize the auto dealership experience with AI, from operations to communications

SAN FRANCISCO, Oct. 1, 2024 — Numa, the AI platform transforming auto dealerships, today announced a $32 million Series B funding round. Touring Capital, a growth stage firm focused on AI-powered software, and Mitsui & Co., Ltd (“Mitsui”), a global conglomerate generating $1.2 billion in annual profit from automotive and mobility, led the round. Existing investors Costanoa Ventures, Threshold and Google’s AI-focused venture fund, Gradient Ventures, also participated.

Led by a team of serial entrepreneurs, Numa is pioneering the AI-native dealership by putting intelligent AI agents into every facet of dealership operations. From rescuing missed calls and booking service appointments to coordinating inter-departmental tasks and managing customer expectations, Numa’s platform transforms how dealerships work. Unlike outdated systems, Numa’s AI agents actively help with every customer interaction, reducing response times by up to 100x, increasing customer satisfaction scores and driving bottom line results for dealerships. By streamlining communications, Numa delivers operational improvements that dealerships can see and feel, setting a new standard for efficiency, productivity, and profitability in automotive.

“We are building the AI-native dealership—re-architecting how dealerships run at their core,” said Tasso Roumeliotis, CEO and co-founder at Numa. “Our AI agents not only handle repetitive tasks like booking appointments and giving status updates, but also more complex ones like rescuing dissatisfied customers and unlocking trade-ins. Numa activates a total transformation for every dealership, making their operations and communications smarter, faster, and more customer-centric.”

The $1.2 trillion U.S. auto dealership market is expected to grow 4% through 2028, yet faces the challenge of outdated systems that burden staff with administrative tasks and customers with frustrating experiences. Numa’s AI agents streamline operations and communications, reducing average customer response times from 23 hours to just 13 minutes and increasing repair order dollars per service advisor by over 35%.

“We see tremendous potential in Numa’s platform because it is purpose-built for car dealerships, transforming an outdated tech stack with an AI-enabled copilot that drives real ROI,” said Priya Saiprasad, co-founder and general partner at Touring Capital. “Numa redefines how dealerships engage with customers to deliver a delightful experience that enhances loyalty while also driving profitability.”

“Numa is a game-changer for the auto industry, introducing AI agents that go beyond communications, redefining how dealerships operate and engage customers,” said Hiroshi Takeuchi, operating officer of Mobility Business Unit at Mitsui. “As Numa’s AI evolves, it empowers dealerships to streamline processes, improve customer interactions, and maximize every business opportunity. Their unique AI-powered platform is setting the new standard for what’s possible in automotive service and sales.”

Numa will use the new funding to expand its AI engineering team, accelerate product development, and continue its mission to power the AI-native dealership and revolutionize the retail dealership experience. This investment follows Numa’s rise to 168 on the 2024 Inc. 5000 list of fastest growing companies and rise to number four in the AI industry category, highlighting a 2,248% three-year revenue growth rate. Additionally, Numa recently strengthened its leadership team with the appointment of Jason Finkelstein as Chief Marketing Officer, bringing his go-to-market experience in customer service software, AI, and high-growth B2B SaaS businesses to drive Numa’s next phase of growth.

Numa will showcase its AI-native dealership technology at the Digital Dealer conference from October 8-10 at booth 707. For more information, visit www.numa.com.

About Numa
Numa is building the platform to power AI-native dealerships, rearchitecting automotive service and sales with advanced AI agents that automate customer interactions, streamline operations and reimagine how dealerships work. Founded by the team behind Location Labs, Numa integrates AI into every aspect of dealership functions—from rescuing customer calls and voicemails that generate more revenue to reducing customer resolution times that drive overall customer satisfaction (CSI) to improving dealership team productivity and accountability. Numa has raised $48 million and works with over 600 dealerships across the U.S. and Canada.

SOURCE Numa

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Venture capital-funded marketplace accesses public markets through Regulation A offering

SAN FRANCISCO, Oct. 1, 2024 — Pacaso, the tech-enabled vacation home marketplace, is revolutionizing both homeownership and startup investment opportunities with the launch of its growth round under Regulation A (“Reg A”). Accredited and non-accredited individual investors can now purchase stock and join the co-ownership company’s cap table alongside marquee investors such as Maveron, Softbank, Greycroft and Fifth Wall. By democratizing access to Pacaso’s equity, this initiative offers the opportunity to own shares in a company that is transforming luxury vacation homeownership.

“Four years ago, we launched Pacaso with the goal of creating a new category of ownership that is better and smarter than existing alternatives, and today we are making it possible for others to invest in our mission,” said Pacaso CEO and Co-Founder Austin Allison. “This opportunity allows individuals to access private company equity in a leading real estate company, and be a part of reshaping the vacation home market. Our strong foundation—built on sales success, a vibrant community of proud owners, and a dedicated team—positions Pacaso for continued growth as the global leader of co-ownership.”

“I wish we had done a round accessible to retail investors prior to Zillow’s IPO. It’s a unique opportunity for regular people to get in early at a high-growth company,” continued Spencer Rascoff, co-founder and chairman of Pacaso, and co-founder and former CEO of Zillow. “As more tech founders become aware of the power of raising capital from individuals, I expect these types of offerings to become mainstream. I believe Pacaso is at the forefront.”

Funds from the growth round will be used to expand Pacaso’s portfolio, adding more homes in more destinations, and to further invest in our product, engineering and home operations functions, a crucial step in the company’s mission to enable families to make unforgettable memories and foster meaningful connections in luxury vacation residences.

“Maveron is proud to have been the first investor in Pacaso back in 2020,” said Dan Levitan, Co-Founder and Partner at Maveron. “The company’s innovative approach has transformed the lives of its customers by making vacation home ownership more accessible to a broader audience. As market dynamics and valuations continue to shift, this new Reg A offering presents an opportunity for everyday investors to own stock in a private venture capital backed company at a pivotal moment before it goes public. VCs shouldn’t be the only ones able to invest in privately held companies like Pacaso.”

Pacaso successfully raised more than $230 million in equity financing with Series A, B, and C rounds of venture capital from top-tier firms like Maveron, Softbank, Greycroft, 75 & Sunny, Crosscut, Global Founders Capital and Fifth Wall.

Pacaso has selected DealMaker, a leading capital-raising platform, and its affiliates to streamline and manage the investment process. To participate in this transformative opportunity and support Pacaso’s vision, please visit www.pacaso.com/invest.

About Pacaso

Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso® is a technology-enabled marketplace that modernizes real estate co-ownership, enabling families to effortlessly own a luxury vacation home and travel with confidence. Pacaso curates private residences in premier destinations across the U.S. and internationally, with exceptional  amenities, luxury interiors and expert design. After purchase, Pacaso professionally manages the home, provides white-glove scheduling and personalized service, and ensures seamless resale.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE ON THE OFFERING PAGE HERE. DEALMAKER IS NOT AFFILIATED WITH ANY OTHER COMPANIES MENTIONED HEREIN UNLESS OTHERWISE STATED.

Certain statements on this website may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Pacaso’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Readers are cautioned not to put undue reliance on forward-looking statements, and Pacaso assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Pacaso does not give any assurance that Pacaso will achieve its expectations.

SOURCE Pacaso

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