• Financing led by RA Capital Management and co-led by RTW Investments and Janus Henderson Investors
• Proceeds to further advance the company’s differentiated radiopharmaceuticals pipeline, including its first-in-class Nectin-4-targeted miniprotein radioconjugate
• Company will present three abstracts, including an oral presentation, at the EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics, October 23-25, 2024

BOSTON, Sept. 30, 2024 — Aktis Oncology, a clinical-stage biotechnology company pioneering the discovery and development of novel targeted alpha radiopharmaceuticals to treat a broad range of solid tumors, today announced the successful closing of an oversubscribed and upsized $175 million Series B financing. The financing was led by RA Capital Management, and co-led by RTW Investments and Janus Henderson Investors. A select syndicate of additional new investors joined the financing, including funds and accounts advised by T. Rowe Price Associates, Inc., Avidity Partners, and an undisclosed life sciences-focused investment fund. All existing institutional investors participated, as well as existing strategic investors Bristol Myers Squibb, Eli Lilly and Company, and MRL Ventures Fund, the therapeutics-focused corporate venture fund of Merck & Co., Inc.

Aktis Oncology also announced that three abstracts, including one oral presentation, have been accepted for presentation at the upcoming EORTC-NCI-AACR Symposium on Molecular Targets and Cancer Therapeutics in Barcelona, Spain, October 23-25, 2024. 

“The overwhelming support from high caliber investors underscores the progress we have made on our pipeline, platform, and supply chain capabilities, exemplified by the significant opportunity for AKY-1189, our first-in-class miniprotein alpha radioconjugate targeting Nectin-4 in development for several tumor types,” said Matthew Roden, PhD, President and Chief Executive Officer of Aktis Oncology. “With over $300 million in cash, we are well-positioned to prosecute several opportunities to expand the benefit of this exciting modality into new patient populations.”

In conjunction with the financing, Andrew Levin, MD, PhD, Partner and Managing Director at RA Capital Management, will join the Aktis Oncology Board of Directors. Lauren Lee, PhD, from RTW Investments, and Vish Sridharan, MD, from Janus Henderson Investors, will join as Observers to the Board of Directors.

“Aktis has leveraged its unique technology platform, experienced team, robust supply chain and radiopharmaceutical development capabilities to generate a promising and differentiated pipeline of next-generation radiopharmaceuticals,” said Andrew Levin, MD, PhD, Partner and Managing Director at RA Capital Management. “We are pleased to support Aktis through the next stage of its growth as it seeks to bring new options to patients with cancer.”

About Aktis Oncology

Aktis Oncology is a clinical stage biotechnology company pioneering the discovery and development of novel targeted alpha radiopharmaceuticals to treat a broad range of solid tumors. The company’s first of several pipeline programs targets Nectin-4, a tumor-associated antigen found in urothelial and other solid cancers. Founded and incubated by MPM BioImpact, the company has developed its proprietary miniprotein radioconjugate platform to generate tumor targeting agents with properties ideal for alpha radiopharmaceuticals. Designed to maximize tumor killing through high penetration followed by internalization and retention in cancer cells, Aktis’s miniprotein radioconjugates quickly clear from other areas of the body, thereby maximizing anticancer activity while minimizing side effects of treatment. The Aktis platform is isotope-agnostic and further enables clinicians to visualize and verify target engagement with imaging isotopes prior to exposure to therapeutic radioisotopes. Aktis also has a strategic collaboration with Eli Lilly and Company to leverage its miniprotein platform to develop novel radioconjugates outside of Aktis’ proprietary pipeline. To learn more about Aktis Oncology, visit www.aktisoncology.com.

MEDIA CONTACT
Terri Clevenger
ICR Westwicke
203-682-8297
[email protected]

INVESTOR CONTACT
Peter Vozzo 
ICR Westwicke
443-213-0505
[email protected]

SOURCE Aktis Oncology

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NEW YORK, Sept. 30, 2024 — HungryPanda, the world’s leading overseas Asian food delivery platform, today announced the successful completion of a $55 million refinancing and fundraise. The round was led by Mars Growth Capital, a JV between Liquidity Group and MUFG,with continued support from HungryPanda’s existing investors, including Perwyn, Kinnevik, 83North, and Felix. This new funding will enable HungryPanda to solidify its leadership in the Asian food delivery market and explore new opportunities to serve a broader range of minority ethnic communities, particularly in North America.

Founded in 2017, HungryPanda has established itself as a global leader in Asian food delivery, operating in over 80 cities across 10 countries, serving more than 6.5 million users in partnership with over 100,000 merchants. In 2021, the company raised $130 million in Series D to expand into new markets and explore mergers and acquisitions. To date, HungryPanda has raised over $275 million in funding and has entered a new phase of business growth. In 2024, HungryPanda achieved profitability while maintaining an annual growth rate of over 30%—a remarkable achievement in the competitive food delivery industry.

“Reaching profitability while maintaining significant growth demonstrates the strength of our business model and our long-term vision. This success is a testament to the dedication and hard work of our entire team,” said Eric Liu, Founder and CEO of HungryPanda. “HungryPanda is more than just a delivery platform—we see ourselves as an ambassador of Asian cuisine. With this new funding, we are poised to accelerate our expansion into North America, elevate our services, and continue to champion the richness of Asian food culture on a global scale. We are especially grateful for the support from Mars Growth Capital and Liquidity Group, whose partnership will help us achieve our ambitious goals.”

“I am proud of how HungryPanda has positioned itself uniquely within the food delivery sector by focusing on the specific needs of Asian communities globally,” said David Buttress, Chairman of the Board at HungryPanda. “Our targeted approach and deep understanding of this market have been key drivers of our growth and success. “As we continue to scale, I am confident we will further solidify our leadership in this space and capitalize on new opportunities.” 

The new funding will enable HungryPanda to continue meeting the growing demand for Asian food and groceries, while upholding the high service standards its customers expect. In addition, HungryPanda remains committed to supporting its delivery riders by setting industry-leading standards for safety and offering sustainable gig work opportunities.

“HungryPanda has been able to carve out an impressive niche in the highly-competitive food delivery vertical, and as a result, has experienced double-digit growth while continuing to strengthen its position as a market leader,” said Paul Brodie, Managing Director, Europe at Mars Growth Capital and Liquidity Group. “We are excited to be part of HungryPanda’s next chapter along with its existing investors.”

About HungryPanda
Founded in 2017, HungryPanda is currently the largest overseas Asian food delivery platform and the only food delivery platform to rank in Deloitte’s 2021 UK Technology Fast 50. Starting in Nottingham, U.K., HungryPanda has expanded to more than 80 cities in 10 countries: the U.K., France, Italy, the U.S., Canada, Australia, New Zealand, Japan, South Korea and Singapore. Currently, HungryPanda works with over 80,000 riders, 100,000 merchants and serves over 6 million users worldwide. This year, HungryPanda sets sights on $1 billion in gross transaction volume. For more information visit www.hungrypanda.co.

About MARS Growth Capital
MARS Growth Capital, a joint venture between MUFG and Liquidity Group, provides advanced financing solutions to fintech, SaaS, and e-commerce businesses in Southeast Asia, the Pacific, and Europe. Utilizing Liquidity Group’s AI and machine learning, MARS offers credit and equity financing ranging from $3 million to $100 million for mid-market, late-stage, and pre-IPO technology companies. For more information, visit https://www.marsgrowth.com/

About Liquidity Group 
Liquidity Group is the leading AI-driven financial asset management firm in the world. With multi-billions across funds focused on North America, Asia-Pacific, Europe, and the Middle East, Liquidity Group operates globally with offices in Abu Dhabi, New York, London, Tel Aviv and Singapore. The firm’s patented decision science technology enables it to deploy more capital through more deals much faster than other firms in the capital markets industry, establishing it as the fastest-growing provider of credit and equity financing to mid-market and late-stage companies. Liquidity Group is backed by leading global financial institutions including Japan’s largest bank, MUFG, Spark Capital, Apollo Asset Management and others.

SOURCE HungryPanda

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STRATFORD, Conn., Sept. 30, 2024 — TapestryHealth, a leading provider of innovative healthcare solutions, is pleased to announce the appointment of Bill Golden and Isaac Ullatil to its Board of Directors. These strategic additions bring a wealth of experience and expertise to the company, further strengthening its commitment to delivering exceptional healthcare services.

Bill Golden joins TapestryHealth with an impressive background from UnitedHealth Group, where he held several key leadership positions. He was most recently the CEO of the Employer and Individual business, a $60B division of UnitedHealthcare, serving over 27 million members. He also managed the Northeast Region and was CEO of the New York Health Plan for eight years. He became part of UHC through the Oxford Health Plans acquisition in 2004. His extensive experience in healthcare management and strategic planning will be invaluable as TapestryHealth continues to expand its services and reach.

Isaac Ullatil, the co-founder and former CEO of Hallmark Health Care, brings a deep understanding of healthcare operations and patient care. Recognized by The Healthcare Technology Report as one of the Top 50 Healthcare Technology CEOs in 2022, he has a strong track record of developing high-end technology solutions and reengineering business processes to optimize operations His proven track record in enhancing healthcare delivery and operational efficiency aligns perfectly with TapestryHealth’s mission to provide high-quality, patient-centered care.

“We are thrilled to welcome Bill and Isaac to our Board of Directors,” said Craig Anderson, CEO of TapestryHealth. “Their combined expertise and leadership will be instrumental in guiding TapestryHealth through our next phase of growth and innovation. We are confident that their contributions will help us achieve our strategic goals and enhance the quality of care we provide to our patients.”

TapestryHealth is committed to transforming healthcare through innovative solutions and exceptional service. The addition of Bill Golden and Isaac Ullatil to the Board of Directors underscores the company’s dedication to excellence and its vision for the future of healthcare.

For more information, please contact Mordy Eisenberg at [email protected]

About TapestryHealth
TapestryHealth is the leader in monitoring and managing the health risk of the nation’s chronically ill post-acute population, delivering daily patient-centric health risk analytics, monthly health assessments and continuous vitals monitoring using cutting edge technologies. Learn more at tapestryhealth.com.

SOURCE TapestryHealth

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HONG KONG, Sept. 30, 2024 — RD Technologies announced the successful completion of its Series A1 financing, securing US$7.8 million. In this funding round, RD Technologies has secured strategic investments from prominent industry players like HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital. The capital injection will enable RD Technologies to continue building a financial platform that bridges the Web2 and Web3 worlds and continue to contribute to the development of the Web3 ecosystem in Hong Kong. 

RD Technologies announced on 18th July 2024 that its subsidiary, RD InnoTech Limited, has been admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). Among the first batch of entities to join the sandbox, RD Technologies is set to test its operational plan for its Hong Kong Dollar stablecoin within the HKMA sandbox. RD Technologies’ other subsidiary, RD Wallet Technologies Limited, has been granted a Stored Value Facility (SVF) license issued by the HKMA and has officially commenced operations at the end of 2023. Leveraging the platforms and capabilities of its subsidiaries, RD Technologies is able to build a trusted and compliant financial platform and network.

This Series A1 financing marks a notable achievement following RD Technologies’ seed round completed in 2020. RD Technologies has consistently garnered strong support from its initial stakeholders, including ZhongAn Digital Asset Group Limited (ZhongAn Digital Asset), HashKey Group, Dragonfly, Bright Venture, and Eminent Vision. This brings strong ecological support to RD Technologies, such as HashKey Exchange, a regulatory-compliant trading platform, Web3 infrastructure including HashKey Chain, as well as ZhongAn Digital Asset’s custody and asset management capabilities. Relying on the support of shareholders with strong backgrounds in both Web2 and Web3, as well as an experienced team, RD Technologies aims to bridge the gap between Web2 and Web3 and promote Hong Kong’s establishment as a leading global Web3 hub.

“The legacy payment industry is ripe to be disrupted using blockchain technology and stablecoins to provide more efficient and cheaper cross-border payment networks. Hong Kong is leading the world in virtual asset regulation. We are confident that compliant and transparent stablecoins will invigorate the market and address the pain points of traditional payments and finance to bring in institutions and help Hong Kong become a global Web3 hub”, said Rita Liu, CEO of RD Technologies.

Stanley Huo, Partner and Head of Asia at Hivemind, said, “Hivemind is thrilled to support RD Technologies as they seek to lead the future of stablecoins and cross-border payments. We believe regulated stablecoins are a critical growth area in crypto, offering real product-market fit, particularly as global demand for regulated stablecoins rises among enterprises and institutions. In our view, RD Technologies’ strategic positioning – led by an experienced team under Dr. Norman Chan and Ms. Rita Liu, with the strong support from the key Web3 stakeholders in Hong Kong – uniquely equips them to be a dominant force in Asia’s evolving financial landscape.”

– Ends –

About RD Technologies:

RD Technologies Group (RD Technologies) is the financial platform that bridges the Web2 and Web3 worlds. It deploys innovative fintech to build a business world interconnected by trust. Based in Hong Kong and connected with the global community, RD Technologies was born out of a mission to enable businesses to gain easier access to financial services, enhance trade efficiency, and promote the development of Hong Kong as a trade hub in Asia and an international financial centre. For details: https://rd.group

Compliant and innovative solutions managed by subsidiaries under RD Technologies include:

• RD Wallet: 

RD Wallet Technologies Limited (RD Wallet) is a licensed Stored Value Facility in Hong Kong (licence number: SVF0016). It enables global businesses to open multi-currency fiat accounts on mobile anytime, anywhere. RD Wallet is committed to facilitating cross-border trade and payments through efficient and innovative payment solutions for businesses, and contributing to the development of Hong Kong as a trade and financial hub in Asia. For details about RD Wallet: https://rd.group/products/wallet/

• HKDR Stablecoin (HKDR):

HKDR Stablecoin (HKDR) is a trusted Hong Kong Dollar stablecoin 1:1 backed by the Hong Kong dollar, with high-quality and highly liquid assets safekept in segregated custody accounts with licensed financial institutions. Details of the reserves will be available to the public through regular independent attestation reports.  In July 2024, RD InnoTech Limited, the issuer of HKDR, was among the first batch of entities to be admitted to the stablecoin issuer sandbox by the Hong Kong Monetary Authority.  RD InnoTech Limited will abide stringently by the regulatory requirements for the launch of HKDR to contribute to the continuous development of Hong Kong as a global Web3 and virtual asset hub. For details about HKDR: https://rd.group/hkdr

SOURCE RD Technologies

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HONG KONG, Sept. 29, 2024 — Tired of sacrificing taste for nutrition? Try Future Salad, the world’s first carbon-neutral drinkable salad. It supports a healthy lifestyle and combats climate change. In September 2024, on its 4th anniversary, Future Salad completed a Series A funding round to expand into new markets and develop products.

Completion of Series A Funding to Drive New Market Expansion and R&D
Future Salad, the pioneering food technology company behind the world’s first carbon-neutral drinkable salad, announced the successful completion of its Series A funding round in September 2024. The company secured US$5 million, raising its valuation to US$50 million. The investment was led by DL Securities, a subsidiary of DL Holdings Group (1709.HK), with participation from returning investor Bruce Rockowitz.

Joseph Lang, CEO of DL Securities, commented on the investment: “Future Salad’s innovative approach to nutrition and sustainability aligns perfectly with our investment strategy. We’re confident this funding will catalyze their growth and market penetration, especially in the U.S.”

The company’s growth trajectory has been impressive, with its previous Pre-A+ round in October 2022 raising US$3 million and valuing the company at over US$26 million. The involvement of Bruce Rockowitz, a seasoned Canadian businessman, is expected to leverage his extensive business network to support Future Salad’s expansion in Western markets.

D = Detox, Drinkable and Delicious Healthy Option
Future Salad’s flagship product, the Detox Salad Drink Mix, has sold over 4 million packs since 2020 and is now available on Amazon and the US market. This nutritious drink aids detoxification, supporting gut health and enhancing energy, skin clarity, and overall vitality. Due to popular demand, Future Salad will launch Future Salad Kids® in the fourth quarter of this year.

Proven Results with Detox and Drinkable Benefits
In a recent weight loss challenge endorsed by Bupa, 18 participants achieved impressive results, including weight, waistline, and body fat reduction. They also lowered blood pressure and improved cholesterol and triglyceride levels. One participant reduced their body weight by 40%. These results highlight the effectiveness of Future Salad in promoting health and well-being.

A Sustainable Choice
Future Salad has a positive environmental impact. Each pack helps reduce 22 grams of CO2 through a global tree planting program, certified by VERRA’s Verified Carbon Standard, achieving over 100,000 kilograms of carbon reduction. By choosing Future Salad, you’re nourishing your body and supporting a greener planet. Incorporate Future Salad into your routine for its delicious taste, nutritional benefits, and eco-friendly credentials. It’s the perfect choice for a healthy lifestyle and a sustainable future. Sip Your Way to a Healthier You and a Greener Planet.

ABOUT FUTURE SALAD
Founded in 2020 and established in Hong Kong, Future Salad is a pioneering future food technology company that specializes in providing cutting-edge, nature-inspired, and technologically innovative healthy food solutions. Leveraging freeze-dry technology, Future Salad transforms traditional salads, preserving their nutritional value and delivering a convenient and affordable dining alternative for busy individuals. The flagship product, the Detox Salad Drink Mix, has garnered widespread consumer acclaim, with over 4,000,000 packs sold since its introduction.

Future Salad is also dedicated to making a positive environmental impact. Each pack consumed helps reduce 22 grams of carbon dioxide through the company’s global tree planting program. This initiative is certified by VERRA’s Verified Carbon Standard (VCS), underscoring Future Salad’s commitment to sustainability.

For more information, visit https://futuresalad.com/

ABOUT DL SECURITIES
DL Securities, a subsidiary of DL Holdings Group(1709.HK), provides a comprehensive range of financial services tailored to meet clients’ unique needs. With expertise in securities trading, financial advisory, and investment research, DL Securities assists individuals and corporate clients in achieving their investment objectives. For more information, please visit https://dl-holdings.com/en/our-services-dls

ABOUT DL HOLDINGS GROUP
DL Holdings Group is listed on the mainboard of Hong Kong Stock Exchange (1709.HK), with market value near USD$1 Billion. DL is a prominent asset management and financial services platform, with a core focus on family office in the Asia-Pacific region. Our commitment is to provide personalized wealth management and succession services throughout the entire life cycle for ultra-high net worth families. Additionally, we offer global asset allocation and management services to high-net-worth families, financial institutions, private enterprises, and external wealth management platforms. Under its subsidiary SeazonPacific, operates an apparel sales business dedicated to providing comprehensive supply chain management solutions for its clients.

CONTACT: Angus Au, +852 6570 0000, [email protected]

SOURCE Future Salad

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The Capital will Fuel Republic’s Rapid Growth and Expansion

NEW YORK, Sept. 27, 2024 — Republic Capital Group (“Republic”), a leader in providing investment banking services to the wealth and asset management industry and their clients, is pleased to announce a minority, non-control investment from Merchant Investment Management (“Merchant”). This reflects Republic’s industry leadership, rapid growth and commitment to be the most comprehensive investment banking solution to wealth and asset management firms and their clients.

Merchant’s ecosystem includes $180B in assets in the wealth and asset management industry, and they have invested in multiple service providers including regulatory and compliance, technology, and business transition and accounting services.

Since its founding 9 years ago, Republic has made an indelible mark on the wealth and asset management industry through creating and leading many noteworthy transactions. In 2019, the firm was awarded “Financial Services Deal of the Year” by M&A Advisor, beating out firms such as Yahoo and PayPal. In 2022 and 2023, Republic advised on more wealth management assets transacted than any other group in their space. In 2023, Republic sourced and led the largest acquisition of a CPA firm by a wealth management firm in history when it represented Creative Planning in its acquisition of BerganKDV. This, along with other significant transactions, led to winning “M&A Deal of the Year” for all categories and being named “Boutique Investment Banking Firm of the Year” for 2023 by M&A Advisor.

John Langston, CEO and Founder of Republic said, “We are pleased to receive this investment and be part of a concerted effort to support and build the independent wealth and asset management services ecosystem broadly. Merchant’s willingness to collaborate with other industry players along with their deep understanding of our space made them an ideal partner for us.”

Marc Spilker, Co-Founder and Executive Chairman of Merchant, stated, “Merchant and Republic are united by a shared vision for the wealth management industry: to ensure the RIA community has access to the best advice, execution, and capital formation. The strength of this partnership lies in the alignment of our values and the cultural synergy between both firms, which will drive its success.'”

John Langston added, “I want to thank our deal team at Republic of Marc Irizarry (Partner), Jim Collins (General Counsel), Blake Cargill (Partner), and Vic Esclamado (Partner) for their exceptional work and support on this project. Thank you to the entire Republic team for all your work and belief in building something special. You are what is special about Republic, and I’m deeply grateful for you.” 

About Republic Capital Group 
Republic Capital Group provides investment banking services to wealth and asset management industry and their clients. We partner with firms that are at the leading edge of M&A activity and are active participants in the growth and evolution of the industry. 

For more information, please visit republiccapgroup.com and follow us on LinkedIn: linkedin.com/company/republic-capital-group.

Republic Capital Group – securities offered through Kingswood Capital Partners, LLC. 

SOURCE Republic Capital Group

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Latest round of financing will support Monolith’s commercial growth, as it continues to advance toward expanding operations

LINCOLN, Neb., Sept. 26, 2024 — Monolith Materials, Inc. (Monolith), a global leader in clean hydrogen and carbon black, today announced a closed funding round from existing investors, including Azimuth V Energy Evolution Fund and Azimuth Capital Management’s Development Company Platform, Cornell Capital, Decarbonization Partners, TPG Rise Climate, and Warburg Pincus. This is the latest round following Monolith’s capital raise in July 2022 and conditional approval for a loan from the Department of Energy Loan Programs Office to expand its production facilities in Nebraska.

“It is an exciting time for Monolith, and we are incredibly proud of the work we are doing to scale the business supported by world-class investors,” said Rob Hanson, co-founder and CEO of Monolith.  

Monolith uses clean energy to power a commercial-scale proprietary plasma pyrolysis process that electrifies carbon black and hydrogen production. The carbon black produced from Monolith’s low-emission process is an essential input for tires, plastics, inks, paints and other uses. Today, the carbon black that Monolith produces at its existing facility (OC1) goes into tires across North America. The clean hydrogen to be produced at Monolith’s expansion facility (OC2) will be converted to ammonia and is expected to be supplied as fertilizer to farmers in America’s Corn Belt to help feed and fuel the world.

“This funding continues our decade-long partnership with Monolith as the company builds a high energy, low emissions future,” said Roy Ben-Dor, Managing Director and Head of Energy Transition & Sustainability, Warburg Pincus. “The company’s proprietary approach to producing sustainable hydrogen, carbon black, and ammonia is critical to decarbonizing the energy and materials sectors.”

“The Monolith team continues to move at pace in tackling emissions from some of the most widely used, yet most difficult to decarbonize materials. Since our initial investment in 2022, we’ve seen strong demand from top brands in Monolith’s end markets and we look forward to continuing that momentum with our latest investment,” said Jonathan Garfinkel, a Managing Partner of TPG Rise Climate.

“Rob and the team at Monolith continue to successfully navigate the road toward launching their expansion, which will significantly scale their operations and put more clean tires on the road,” said Dr. Meghan Sharp, Global Head of Decarbonization Partners. “We look forward to continuing to support the company.”

About Monolith
Monolith is a next-generation cleantech company that uses clean energy to power a commercial-scale proprietary plasma pyrolysis process that electrifies the production of carbon black and hydrogen, which provides environmental advantages over conventional production processes. Monolith is backed by Azimuth Capital Management, Cornell Capital, Decarbonization Partners, Elda River Capital Management, LLC, Imperative Ventures, Mitsubishi Heavy Industries America, NextEra Energy Resources, LLC, Perry Creek Capital LP, SK Inc., TPG Rise Climate and Warburg Pincus. For more information on Monolith, visit www.monolith-corp.com.

About Warburg Pincus
Warburg Pincus LLC is a leading global growth investor. The firm has more than $83 billion in assets under management. The firm’s active portfolio of more than 225 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Since its founding in 1966, Warburg Pincus has invested more than $117 billion in over 1,000 companies globally across its private equity, real estate, and capital solutions strategies. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information please visit www.warburgpincus.com.

About Azimuth Capital Management
Founded in 2000, Azimuth is an energy transition private equity manager focused on late stage growth equity and development opportunities in North America and Europe. Azimuth is an international leader in energy operating and project development experience, which enables differentiated results across five funds in addition to in-house development company origination. Azimuth V targets low carbon fuels, battery materials, and baseload clean power and storage with a focus on efficient carbon mitigation. For more information, please visit www.navigatingenergy.com.

About Cornell Capital
Cornell Capital is a U.S.-based private investment firm with ~$6 billion of AUM and offices in New York and Hong Kong. Leveraging decades of global investment experience, the firm takes a disciplined approach to investing across the consumer, financial services, and industrials/business services sectors, often in companies that can benefit from the firm’s Asia presence and cross-border expertise. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. For more information, visit www.cornellcapllc.com. 

About TPG Rise Climate
TPG Rise Climate is the dedicated climate investing strategy of TPG’s $19 billion global impact investing platform. TPG Rise Climate pursues climate-related investments that benefit from the diverse skills of TPG’s investing professionals, the strategic relationships developed across TPG’s existing portfolio of climate-focused companies, and a global network of executives and advisors. The fund takes a broad-based sector approach to investment types, from growth equity to value-added infrastructure, and focuses on climate solutions in the following thematic areas: clean electrons, clean molecules and materials, and negative emissions. Jim Coulter, TPG Founding Partner and Executive Chairman, serves as a Managing Partner of TPG Rise Climate. Former U.S. Treasury Secretary Hank Paulson serves as TPG Rise Climate’s Executive Chairman. For more information, please visit www.therisefund.com/tpgriseclimate.

About Decarbonization Partners
Decarbonization Partners is a joint venture between Temasek and BlackRock focused on late-stage venture capital and early growth private equity investing in next-generation companies that provide solutions and technologies to help accelerate global efforts to achieve a net zero global economy by 2050. Decarbonization Partners combines Temasek and BlackRock’s complementary platforms and expertise in sourcing and underwriting private investments, portfolio and risk management, and sustainable technology and analytics. Decarbonization Partners invests in a wide range of companies that have proven technology and need capital to scale. The partnership attracted $1.40bn in capital from a diverse set of over 30 institutional investors across North America, Europe and Asia Pacific. 

SOURCE Monolith

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LOS ANGELES, Sept. 26, 2024 — The Pepperdine Graziadio Business School announced its 2024 list of Most Fundable Companies^®, 18 innovative companies that are poised to impact their respective sectors. The awards and accompanying gala are presented by the Singleton Foundation for Financial Literacy and Entrepreneurship. 

This year, over 2000 early-stage US startups from all 50 states applied for recognition among the Most Fundable Companies, which is a free resource to help high-growth potential companies secure capital, attract investors, and scale their business. The seventh annual list included companies across industries such as FinTech, AgTech, Healthcare, Industrial Automation, Consumer Packaged Goods, and Advanced Materials.

“Having been a founder of a business myself, I understand the challenges of thriving in today’s competitive market,” said John Figueroa, Founder and Executive Chairman of CarepathRx and the keynote speaker at the Most Fundable Companies event. Figueroa, a 1997 MBA graduate from Pepperdine Graziadio Business School, added, “Being named one of the Most Fundable Companies offers founders an exceptional opportunity to distinguish themselves as these companies represent the future. Each is committed to innovative growth and equipped with the tools needed for success. Investors should take note.” 

The annual Most Fundable Companies initiative is a key part of Pepperdine’s programming to support and enhance the growing nation-wide interest in innovation and entrepreneurship. By providing a platform for growth-stage companies to attract investors, the Graziadio Business School is enhancing the businesses of tomorrow. 

“It’s no secret that the business landscape is evolving,” said Deborah Crown, dean of the Pepperdine Graziadio Business School. “At Pepperdine, we are committed to supporting entrepreneurs at every stage of their journey—whether they are just starting out or advancing their ventures. Our goal is to provide the education and resources they need to succeed, regardless of age or experience.”

The Most Fundable Companies are evaluated on several variables including financial projections, market opportunity, intellectual property, competitive advantage in their market, and the strength of the management team expertise. Each of these variables is then used to generate objective and customized feedback and scoring to improve readiness for funding. 

To learn more about the winners visit the 2024 Most Fundable Companies Webpage.

2024 Pepperdine Graziadio Most Fundable Companies:

AgTechLogic, Inc. (Mesa, AZ)
Axio (Primer Global, Inc.) (Scottsdale, AZ)
Delta Thermal, Inc. (Tucson, AZ)
EicOsis Human Health, Inc. (Davis, CA)
Hibiscus Health, Inc. (New York, NY)
Kamau Therapeutics, Inc. (South San Francisco, CA)
Living MaKa, P.B.C. (Arlington, VA)
Magicbox World, Inc. (Burbank, CA)
Notice Ninja, Inc. (Tampa, FL)
PittMoss, LLC (Ambridge, PA)
PropTexx, Inc. (New York, NY)
Replika Software, Inc. (New York, NY)
Reverse Energy Solutions Corp. (Chicago, IL)
Stratus Medical, LLC (Magnolia, TX)
Swish Brand Experiences, Inc. (Northville, MI)
TodayPay, Inc. (New York, NY)
ViralMoment, Inc. (San Francisco, CA)
WEAV3D, Inc. (Norcross, GA)

PitchBook University rated Pepperdine Graziadio Business School’s MBA program #31 in the Top 100 colleges ranked by startup founders. These rankings serve as a resource for aspiring entrepreneurs, investors, and stakeholders in the startup ecosystem to identify leading universities in this field. Pepperdine Graziadio School of Business offers courses that deliver an unparalleled learning experience—including transformational opportunities for entrepreneurs at all stages of their journey. More information is available here.

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The Pepperdine Graziadio Most Fundable Companies List does not represent an offer to sell securities. It does not constitute investment advice, nor is it an endorsement of any product or service. Pepperdine University is not a broker-dealer and does not perform services provided by a broker-dealer, including but not limited to any financial or investment advising.

Press inquiries can be sent to [email protected].  

The Pepperdine Graziadio Business School — for more than 50 years — has challenged individuals to think boldly and drive meaningful change within their industries and communities. Dedicated to developing purpose-driven leaders and accelerating purpose-driven impact, the Graziadio School offers a comprehensive range of BS, MBA, MS, executive, and doctoral degree programs grounded in integrity, innovation, and entrepreneurship. The Graziadio School advances experiential learning through small classes with distinguished faculty that stimulate critical thinking and meaningful connection, inspiring students and working professionals to realize their greatest potential as values-centered leaders. 

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Pepperdine University is a private Christian university located 30 miles west of Downtown Los Angeles in Malibu, California. Rooted in the Christian tradition, Pepperdine is committed to both the relentless pursuit of truth through academic and scholarly excellence and to embodying Christian faith and values. With students at the heart of the educational enterprise, the University prepares approximately 10,300 scholars across its liberal arts school, Seaver College, and its four nationally recognized graduate schools for lives of purpose, service, and leadership.

Seaver College | Caruso School of Law | Graziadio Business School
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SOURCE Pepperdine University Graziadio Business School

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MCLEAN, Va., Sept. 26, 2024 — Veteran Ventures Capital (VVC), a venture capital firm dedicated to investing in dual-use national security technology businesses led by veteran entrepreneurs and leaders, today announced a strategic investment in Agile Space Industries (Agile), a leading innovator of in-space chemical propulsion technologies. Agile specializes in the development of advanced chemical propulsion systems, including thrusters and rocket engines for satellites and spacecraft, which are designed, 3D printed, and tested all under one roof. This unique approach is rapidly transforming the in-space propulsion market. The investment marks the first capital deployment from Veteran Ventures Capital’s 2^nd Fund and aligns with VVC’s ongoing commitment to revolutionizing space propulsion, following its successful Fund I investment in Phase Four, a provider of electric and multi-mode propulsion systems for satellites.

Agile Space Industries’ advanced chemical propulsion technologies provide rapid-response capabilities and high thrust efficiency, both of which are critical for a variety of space missions, including maneuvering, orbit raising, and deep-space exploration. The global space propulsion market is projected to grow at a compound annual growth rate (CAGR) of over 30% through 2030, fueled by increasing demand for both chemical and electric propulsion systems across commercial and national security sectors. VVC’s investment in Agile expands its strategic portfolio in space propulsion, complementing Phase Four’s electric and multi-mode systems to provide a comprehensive range of propulsion solutions towards diverse and evolving satellite constellation requirements.

“Agile Space Industries exemplifies the innovative spirit and advanced technical capability that Veteran Ventures Capital seeks in its portfolio companies,” said Derren Burrell, Founder and Managing Partner of Veteran Ventures Capital. “By investing in Agile, we are broadening our propulsion capabilities beyond Phase Four’s electric systems to include high-performance chemical propulsion. Agile’s unique approach of integrating design, 3D printing, and testing under one roof significantly accelerates their development cycles, making them a formidable player in the rapidly growing space propulsion market. We are excited to support Agile as they scale their operations and redefine in-space propulsion.”

This strategic investment will enable Agile Space Industries to accelerate its product development, increase production capacity, and continue advancing its innovative propulsion technology. Agile’s solutions enhance the operational flexibility and performance of spacecraft, positioning the company as a key player in the expanding space industry.

“We are excited to partner with Veteran Ventures Capital, whose investment philosophy aligns closely with our mission to deliver reliable, high-performance chemical propulsion solutions for space missions,” said Chris Pearson, CEO of Agile Space Industries. “With VVC’s support, Agile will scale our operations, diversify our customer base, and meet the critical demand for propulsion systems in the rapidly growing space industry.”

Veteran Ventures Capital’s investment in Agile Space Industries highlights its commitment to fostering innovation in dual-use technologies that serve both commercial and national security interests. By investing in veteran-led companies like Agile, VVC continues to advance its strategy of backing transformative technologies that contribute to U.S. technological leadership and the security of our nation.

About Veteran Ventures Capital
Veteran Ventures Capital invests in dual-use national security technologies, focusing on companies led by veteran entrepreneurs and leaders. Committed to advancing U.S. technological superiority, Veteran Ventures Capital provides capital, mentorship, and strategic guidance to high growth companies serving critical government and commercial markets. VVC’s portfolio includes leading companies in defense, aerospace, cybersecurity, and other sectors essential to national security, including notable investments in space propulsion through Agile Space Industries and Phase Four.

About Agile Space Industries
Agile Space Industries is a leader in high-performance chemical propulsion systems for space applications. With a focus on delivering agility, reliability, and performance, Agile develops propulsion solutions that support a diverse range of space missions. The company’s thrusters and rocket engines are designed, 3D printed, and hotfired all under one roof, setting a new standard for rapid development in the in-space propulsion market.

For media inquiries, please contact:
[email protected]

SOURCE Veteran Ventures Capital

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