New 53,000-Square-Foot Facility Boosts Company’s In Vitro Preclinical and Cell and Gene Therapy Capabilities, Enhancing Services to the Northeastern U.S. Biotech Hub

MALDEN, Mass. and HUNTSVILLE, Ala., June 11, 2024 — Discovery Life Sciences (Discovery), a global provider of biospecimen solutions and laboratory services, announces the opening of its new office and laboratory facility at 200 Exchange St. in Malden, Massachusetts. This state-of-the-art facility, covering over 53,000 square feet, marks a significant milestone as Discovery’s seventh facility in the United States and its third in the Greater Boston area, joining existing sites in Woburn and Quincy.

The Malden facility is designed to serve the region’s dynamic pharma and biotech industry. It will house Discovery’s Gentest products and services, which focus on in vitro preclinical studies for drug metabolism and predictive toxicology, alongside a clean room and cell processing laboratory to enhance its AllCells offerings, which provide high-quality cell and gene therapy cryo-preserved GMP products on the East Coast.

“Our new Malden facility underscores our mission to enable the discovery and development of therapeutic solutions that improve patient outcomes,” said Discovery CEO Greg Herrema. “By expanding our footprint in the Greater Boston area in response to growing customer demand, we enhance our capacity to deliver same-day, cutting-edge cell and gene therapy solutions to biopharma customers based in the New England region.”

“The Greater Boston area is a global hub for biotech and pharmaceutical research, and our continued investment in this region demonstrates our dedication to being the most trusted partner in life sciences research and clinical development,” said Marshall Schreeder, president of Discovery’s preclinical division. “The new Malden facility will play a crucial role in supporting the continued growth of our Gentest business, offering enhanced capabilities for drug metabolism studies and predictive toxicology, which are essential for drug discovery and development.”

Discovery operates globally, with laboratories and offices in the United States and Europe. This network allows the company to provide comprehensive support to the life sciences industry globally.

For more information about Discovery’s products and services, visit www.dls.com.

About Discovery Life Sciences

Discovery Life Sciences is a global provider of biospecimen solutions and laboratory services, offering an extensive range of products and services to support drug discovery and development. With a network of laboratories and offices across the United States and Europe, Discovery is committed to advancing scientific research and improving health care outcomes by providing high-quality biospecimens, in vitro preclinical products for drug metabolism and toxicology studies, and cell and gene therapy starting materials, coupled with specialty lab services to accelerate the discovery and development of new therapies and diagnostics.

SOURCE Discovery Life Sciences

Investment by Energy Impact Partners (EIP), Will Fund Acceleration of New Product Developments and Key Market Expansions

ANNAPOLIS, Md., June 11, 2024 — XONA, developer of the industry’s leading zero-trust user access platform for industrial operations, announced today the close of an $18M strategic funding round led by established cyber investor Energy Impact Partners (EIP), bringing the company’s total funding to $32M. The funding will allow the company to enhance its OT enterprise zero-trust user access platform, enabling customers to meet the ever evolving regulatory environment and stave off increasing cyber-attacks on critical infrastructure.

XONA enables frictionless user access that’s purpose-built for operational technology (OT) and other critical infrastructure environments. Technology agnostic and configured in minutes, XONA’s proprietary protocol isolation and zero-trust architecture immediately eliminates common attack vectors, while giving authorized users seamless and secure control of operational technology from any location or device.

“We’re quickly expanding our team to support our energy, oil and gas, manufacturing, and government partners as they respond to the cybersecurity challenges associated with remote operations capacity,” said Bill Moore, founder and CEO of XONA. “With new funding and strategic support from EIP, we are positioned for hypergrowth over the next few years.”

The funding round for XONA’s innovative solution occurs as industrial enterprises are experiencing a significant transition from on-site control room operations to hybrid remote and mobile models. While remote work empowers companies to respond to shifting employee preferences and operational realities, it introduces new cybersecurity vulnerabilities that risk people, property, and profits.

In addition to further strengthening the XONA team, the newly secured funding will accelerate product development, including growing strategic OEM and technology alliances, and providing richer user access analytics.

“We are thrilled to partner with XONA in this next phase of growth. Remote access for operational technology (OT) is one of the fastest-growing product categories, and XONA’s product stands out for its unique time-to-value, ease of use, and robust security features designed specifically for OT environments. We see significant opportunities for solutions like XONA, especially in light of the major wave of VPN replacement and digital transformation initiatives. This partnership aligns perfectly with our commitment to supporting innovative technologies that help accelerate digital transformation and support the energy transition,” said Tansel Ismail, Vice President at Energy Impact Partners.

In the last few years, operational asset owners have recognized the often urgent need to provide users, such as third-party vendors, partners, contractors, technicians, and other external IT staff, remote operations access to support the unique requirements of process control environments in critical infrastructure industries. But traditional remote access solutions, such as virtual private networks, open the door to cyber-attacks and breaches like ransomware attacks. With the market now taking off, especially since the COVID pandemic exposed the need, XONA is the only vendor focused strictly on serving the secure remote access needs of industrial operations.

XONA’s secure and intuitive platform combines strong multi-factor authentication (MFA), asset and protocol isolation, role and time-based access controls, moderated access and file transfer, as well as user session logging and recording. To learn more about XONA’s zero-trust user access platform for Industrial Operations, visit https://www.xonasystems.com/.

About XONA

XONA provides the industry’s leading zero-trust user access platform for Industrial Operations. XONA’s mission is to enable your organization’s workforce of employees, contractors, consultants, vendors and part-time workers to be more productive and more secure while reducing your operational costs. XONA seamlessly and securely enables secure adaptive access to your most critical systems and applications while also reducing operational and cyber risks and increasing operational efficiency. Learn more by visiting https://www.xonasystems.com/.

About Energy Impact Partners 

 Energy Impact Partners LP (EIP) is a global investment firm leading the transition to a sustainable future. EIP brings together entrepreneurs and some of the world’s most forward-looking energy and industrial companies to advance innovation. With over $4 billion in assets under management, EIP invests globally across venture, growth and credit – and has a team of over 90 professionals based in its offices in New York, San Francisco, Washington D.C., Atlanta, Palm Beach, London, Cologne, Oslo and Singapore. For more information on EIP, please visit www.energyimpactpartners.com.

Media Contact:
Danielle Ostrovsky
Hi-Touch PR
410-302-9459
[email protected]

SOURCE XONA

Investors include McLaren Healthcare Corporation, Cone Health, Wisconsin Alumni Research Foundation, Macmillan Cancer Support and Aviko Radiopharmaceuticals, a private company funded by affiliates of Deerfield Management

MIDDLETON, Wis., June 11, 2024 — Leo Cancer Care is delighted to announce that it has secured funding to advance the company to the next stage of its global ambitions for upright radiation therapy.

This investment highlights increasing confidence investors have in the team and the product, which is offering a “more human” way to administer radiation therapy to patients with a range of cancers.

The unique upright patient positioning and CT imaging system, named Marie® after Nobel laureate and radioactivity research pioneer Marie Curie, utilizes a fixed radiation beam with patients rotated slowly and smoothly to different beam angles as treatment is administered.

The solution allows patients to remain in an upright position during treatment. Growing evidence indicates that this position reduces internal organ movement in patients receiving upright therapy. This simple shift not only enhances patient comfort but also has the potential to improve treatment accuracy.

Marie® removes the need for a gantry while still providing 360 degrees of beam angles. This gantry-less approach enables a significant reduction in spatial footprint and cost, particularly for proton therapy and carbon ion therapy.

Investment will aid expansion into Asia

Stephen Towe, CEO of Leo Cancer Care, said: “This funding marks an important milestone, as it will enable the growth of our business and allow us to build the necessary infrastructure to support our system once it is installed at various sites. The investment will also help us to build a global footprint.”

The funds will enable Leo Cancer Care to expand into the Asian markets, particularly in Singapore, Japan, and South Korea, where the company has begun building teams and establishing a commercial presence.

“This funding will help put Leo Cancer Care and our systems for upright radiation therapy firmly on the global stage,” he added.

Strategic Investors committed to advancing healthcare

The latest investment from both strategic investors and VCs (venture capitals) reflects the confidence in the innovative Leo Cancer Care system and welcomes a list of partners aligned with the company’s goals.

The first is a Leo Cancer Care partner, McLaren Health Care Corporation. McLaren’s decision to invest comes after the installation of the first of two Marie solutions for testing purposes in Flint, Michigan.

McClaren Health Care Corporation’s investment in Leo Cancer Care has been augmented with McLaren’s Chief Administrative Officer, Gregory Lane, taking a seat on the Leo Cancer Care Board of Directors.

Another healthcare provider investing in Leo Cancer Care is Cone Health, a comprehensive health network with over 150 locations across the U.S. dedicated to providing accessible care. Their brand promise, “We’re right here with you,” which emphasizes personalized care, aligns with Leo Cancer Care’s goal to deliver radiation therapy in a more human way.

An investor close to home is WARF (Wisconsin Alumni Research Foundation), which is connected closely with UW Health based in Madison, Wisconsin, another early adopter of the technology and based in the same city where Leo Cancer Care has its office in the United States.

The UK’s leading cancer care charity Macmillan Cancer Support has joined the list of investors. Macmillan created an impact investment portfolio in 2023, dedicated to supporting startups that are aligned with the Charity’s goals. This new partnership will help Leo Cancer Care to keep those living with cancer at the heart of their mission to be the more human way to deliver radiation therapy.

Aviko Radiopharmaceuticals, a private biotechnology company funded by affiliates of Deerfield Management, also joins investors in this financing. In 2023, Aviko joined Leo Cancer Care and Neutron Therapeutics in a multi-year partnership to advance upright patient positioning for boron neutron capture therapy (BNCT). 

EDBI, the strategic investment arm of the Singapore Economic Development Board (EDB), another supporter of Leo Cancer Care’s global expansion plan, has joined the round. Leo Cancer Care plans to establish Singapore as a base for its APAC activity and growth in the coming years.

Towe added: “Financing the business is the ‘fuel’ to keep it going but it is the partnerships we have created along the way that will drive us over the finish line, taking this innovation to those who need it most.”

Please note: Leo Cancer Care’s upright patient positioning system recently gained 510(k) regulatory clearance in the United States for clinical use, with a similar process underway in Europe. Marie, including our upright CT scanner, is not yet clinically available.

Logo: https://mma.prnewswire.com/media/2391246/4657890/Leo_Cancer_Care_Logo.jpg

SOURCE Leo Cancer Care

DUBAI, UAE, June 11, 2024 — Augnito, a leading provider of Medical Voice AI solutions, has formed an alliance with Dharmendra Ghai, a prominent digital health evangelist based out of Qatar. Ghai’s investment and expertise are set to accelerate the development and deployment of Augnito’s cutting-edge healthcare technologies, enhancing patient experiences and operational efficiency across the global care continuum.

With his keen eye and deep understanding of multiple markets, Ghai has established himself as an astute investor and trusted advisor to numerous companies. He currently serves on the board of VSee, a leading telehealth platform, and has made notable investments in various digital health companies — including Wellist, Meddy (now HeliumDoc), 4basecare, Mom’s Belief, and NimbleHeart. Ghai is also a Digital Health Partner for the esteemed HIMSS (Healthcare Information and Management Systems Society), with an executive education from both MIT and Stanford, and an eHealth Consultant for the Health Ministry of Qatar.

Augnito is at the forefront of SaaS innovation, providing state-of-the-art multi-lingual speech recognition, generative AI, and natural language processing technology to healthcare organizations worldwide. The company’s suite of advanced voice-based solutions employs human-centric design principles to meet the evolving needs of both healthcare providers and patients.

Augnito’s recent partnerships with leading healthcare institutions in the Middle East, such as King’s College Hospital London (Dubai), Cloud Solutions (HMG Group), Prime Healthcare, Dallah Hospitals, King Abdulaziz University Hospital, RAK Hospital, among several others, have showcased the company’s commitment to driving innovation and creating significant impact for the region. Augnito’s software is built-in compatible for native Arabic speakers (language and accents) and offers seamless enterprise IT solutions coupled with a differentiated approach to customer success.

As an authority in healthcare informatics and innovation, Ghai’s insights on regional business strategy, as well as patient security, medical imaging, and mHealth are expected to further accelerate Augnito’s growth. The collaboration will facilitate a deeper understanding of the region’s nuances and allow the Medical Voice AI innovator to tailor its products to better serve the Middle East.

“We are thrilled to have Dharmendra Ghai as an investor,” said Rustom Lawyer, Co-Founder and CEO of Augnito. “His expertise and vision are unparalleled, and we believe that he will be a catalyst in accelerating innovation — enabling us to bring even more refined and intuitive solutions to the market. We look forward to delivering enhanced healthcare experiences in the GCC, for patients and providers alike.”

Dharmendra Ghai expressed his enthusiasm, saying, “I am delighted to invest in Augnito, a company that has consistently demonstrated a commitment to innovation and excellence in healthcare technology. Their human-centric solutions and strong leadership team have positioned them at the forefront of the Medical Voice AI industry. I look forward to contributing to their growth and success in the global healthcare market.”

Both parties stated their unwavering commitment to ensuring that clinicians have access to the best tools and technologies to deliver superior patient care.

About Augnito

Augnito is an intuitive and advanced Voice-AI solution innovator, revolutionizing clinical documentation in the global healthcare market. Their proprietary AI-based clinical speech recognition, natural language understanding (NLU) C generative AI technologies enable ergonomic data entry with 99% accuracy, anywhere, from any device. Augnito helps streamline clinical workflows, makes healthcare intelligence securely accessible, and ensures that physicians have more time to concentrate on their primary concern: patient care. Their solutions are currently in use at more than 375 hospitals, across more than 25 countries.

For more information or assistance, please visit augnito.ai or email [email protected]

SOURCE Augnito

In the latest round of funding, more than $6.7 million has been allocated for clean propane autogas school buses.

RICHMOND, Va., June 10, 2024 — In round three of the EPA’s Clean School Bus Program funding, more than $6.7 million has been allocated for the purchase of clean propane autogas buses. Fifty-eight districts have been tentatively selected to receive a total of 269 propane autogas buses to replace the nation’s aging, dirty diesel buses.

For every propane autogas bus purchased as part of the Clean School Bus program, the EPA will provide transportation directors with up to $30,000. The program prioritizes high-need local educational agencies, rural, and tribal school districts. As a safe, affordable, portable and available energy source, propane is an ideal solution for school transportation. The buses reduce harmful nitrogen-oxide (NOx) emissions by 96% compared to diesel, have a range of 400 miles, and can continue to operate even if the electric grid is down.

“School districts see the value propane autogas buses can bring to their students, to their community, and to the environment,” said David Walters, director of autogas business development for the Propane Education & Research Council. “With the lowest total cost-of-ownership, reduced emissions, and improved uptime, it’s clear that propane autogas buses are an excellent choice. We applaud the districts that have made the decision to prioritize student health and the environment with their new propane autogas buses, and we hope others will follow their lead.”

Through three rounds of funding, the EPA program has allocated more than $2.8 billion for 8,427 electric school buses and 440 low-emissions propane buses. However, for the same amount of money that was distributed for the electric buses (about $2.77 billion), the program could have helped fund as many as 92,635 propane buses, assuming each propane bus received the $30,000 incentive.

When considering full lifecycle emissions, replacing 92,635 diesel buses with propane buses would have reduced harmful nitrogen oxide (NOx) emissions by 24,664 metric tons over the three years the program has funded buses. By comparison, replacing just 8,427 diesel buses with electric buses will reduce NOx emissions by just 2,379 metric tons over the three years.

“The goal of the program is to reduce emissions as quickly as possible to provide our children with a safe, clean, healthy ride to school,” Walters said. “According to the Department of Energy, there are more than 450,000 school buses in the United States, and the vast majority run on diesel. By replacing dirty diesel buses with clean propane autogas buses, we can better ensure that more children are riding in a clean school bus.”

For more information on propane solutions for school transportation, visit BetterOurBuses.com.

Propane Education & Research Council (PERC)
The Propane Education & Research Council is a nonprofit that provides leading propane safety and training programs and invests in research and development of new propane-powered technologies. PERC is operated and funded by the propane industry. For more information, visit Propane.com.

For More Information:

Patrick Hyland
Propane Education & Research Council
202-452-8975
[email protected]

Jenna Jaynes
Swanson Russell
402-437-6406
[email protected]

SOURCE Propane Education & Research Council

WESTPORT, Conn., June 10, 2024 — Balance Point Capital Advisors, LLC (“Balance Point”), in conjunction with its affiliated funds, Balance Point Capital Partners V, L.P., and Balance Point Capital Partners VI, L.P., is pleased to announce its investment in Essential Turbines Inc. (“Essential Turbines” or “ETI”), a provider of maintenance, repair and overhaul (“MRO”) services for aircraft engines.  Balance Point provided debt and equity in support of the transaction, alongside Swift Anchor Holdings (“Swift Anchor”), a private equity investment firm.

Founded 30 years ago, Essential Turbines is an MRO provider, and Rolls Royce FIRST Network AMROC, focused on providing performance, quality and safety for aerospace customers across end markets. ETI is a specialist in the Rolls-Royce M250 and RR300 engines, which power many of the world’s most well-known helicopters, and has expertise in aircraft engines.

Swift Anchor, Balance Point and Essential Turbines will focus on continuing to build the Company’s presence as a Rolls Royce FIRST Network partner and expanding additional capabilities. As part of Swift Anchor’s hands-on and active ownership approach, Gannon Gambeski, a Swift Anchor Partner with extensive operating experience, will assume the role of CEO of Essential Turbines going forward.

Michael E. Guntner Jr., current CEO and President of ETI, will retain a minority ownership stake in ETI and remarked on the transaction: “I am excited to be partnering with Swift Anchor and Balance Point for the next stage of ETI’s growth. I was drawn to their mission-driven perspective, long-term outlook and their owner-operator mentality. I am confident that they will enable our team, customers and partners to benefit from further resources, capital and operating expertise. We remain committed to delivering on: Quality is Essential. I am excited to remain involved in ETI as a shareholder, board member and senior advisor.”

Elias Lebovits, Managing Partner and Founder of Swift Anchor, expressed enthusiasm for the partnership with ETI: “Mike and his team have formed a market-leading MRO with a phenomenal reputation. We are looking forward to strengthening ETI’s focus on delivering customers the highest level of quality and service, while providing ETI’s employees with a rewarding work environment as we continue to grow the business.”

“Balance Point is thrilled to have partnered with Swift Anchor on this transaction, and we look forward to a new phase of growth at ETI,” said Balance Point Managing Partner, Seth Alvord. “ETI is well positioned to leverage the playbook that Mr. Gunter has established over 30 years, while continuing to find new ways to offer mission critical support the Company’s growing customer base.”

About Balance Point
Balance Point is an alternative investment manager focused on the lower middle market. With approximately $2.1 billion in assets under management, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries.

Balance Point is a registered investment advisor. Further information is available at www.balancepointcapital.com.

About Swift Anchor
Swift Anchor is a long-term oriented investment firm partnering with mission critical businesses in healthcare, aerospace & defense, and business/industrial services. Swift Anchor seeks out market-leading companies and takes an active ownership and hands-on operational approach to drive value creation.

For more information: www.swiftanchor.com.

About Essential Turbines
Essential Turbines, headquartered in Montreal, with locations in Vancouver and Phoenix, is an aerospace maintenance, repair and overhaul (“MRO”) provider with a focus on both helicopter and fixed wing engines. Essential Turbines is a specialist in the Rolls Royce M250 and RR300 engines, as well as pure-thrust engines modules, components and accessories. ETI serves a diverse set of customers across commercial, government and military markets.

For more information: www.essentialturbines.com

Media Contact: 
Adam H. Sauerteig
Office: 203-652-8555
[email protected]

SOURCE Balance Point Capital

Additional Investment Further Supports Zips’ Operating Strategy, Member Experience, Leadership Team and Wash Quality

NEW YORK, June 10, 2024 — Atlantic Street Capital (“Atlantic Street” or “ASC”), a private equity firm that invests in lower middle market companies through an operationally intensive strategy, today announced that it has made an additional $70 million investment to further support the operating strategy, member experience, leadership team, and wash quality of its portfolio company, Zips Car Wash (“Zips”).

Operating over 270 locations in 20+ states over the last 20 years, most of Zips’ growth story has occurred over the last eight years through strategic acquisition, development, and member growth. “Express only car wash chains are a great place to invest yet face challenging consumer trends that need to be addressed by Zips and the industry at large. This capital is critical for Zips’ efforts to think beyond existing industry strategies to accelerate growth, define membership experience and capture retail attention,” said ASC Managing Partner, Andy Wilkins.

Atlantic Street initially invested in Zips in 2020 and in 2022 increased its investment by acquiring additional equity from founding shareholders through a continuation fund. Since 2020, the company has acquired new locations, substantially upgraded equipment, simplified monthly membership offerings, improved wash quality, and engaged technology to deliver the best consumer experience.

About Zips Car Wash

Zips, headquartered in Plano, Texas, operates more than 270 locations across 20+ states under three brands: Zips Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash. With 20 years of car washing experience, Zips prides itself on providing the highest quality express tunnel wash experience and simplified membership offerings. The Zips team aims to positively impact the communities we live and serve in. To learn more visit www.zipscarwash.com.

About Atlantic Street Capital

ASC is a private equity firm that invests in lower middle market companies poised for the next level of growth. The firm targets entrepreneurial management partners and fundamentally sound companies between $4 million and $25 million of EBITDA that will benefit from capital investment and ASC’s value-added strategic and operational support. As a result, ASC works closely with management to unlock their business’ underlying value and help them succeed. For more information, visit www.atlanticstreetcapital.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Atlantic Street Capital

CLEVELAND, June 10, 2024 — OnStation, the leading provider of digital stationing solutions for the heavy highway industry, announced the close of their $8.5 million Series A round. The funding round was led by JumpStart Ventures (NEXT II Fund) and included participation from VisionTech Partners, Frontier Angels, Up2 Opportunity Fund, JobsOhio Growth Capital Fund, Next Chapter Ventures, North Coast Ventures, New Dominion Angels and other angel investors.

OnStation’s platform offers a unique, location-based project record from bid to close, providing users instant access to stationing, design layers, and plans through a mobile app. The company serves multiple Department of Transportation (DOT) clients and over 200 contractors, integrating seamlessly with major industry software to streamline communication and data management.

“Ninety-six percent of construction data is unstructured and unused, while workers spend 18% of their time finding data. OnStation’s solution is essential for improving efficiency and accuracy,” said Patrick Russo, CEO of OnStation. “While each state builds its own solution, OnStation offers an integrated platform to enhance any project. Our solution has the potential to be used in every road project in the country, and this investment is allowing us to scale to meet the incredible demand.”

This investment will empower OnStation to accelerate its growth, expand its customer base, and enhance its innovative platform, designed specifically for civil engineering and roadway projects.

“In a very short time, Patrick and his team have become market leaders in digital stationing,” said Hardik Desai, Managing Partner at JumpStart Ventures. “Their solution is used nationwide to improve accuracy and efficiency. JumpStart Ventures is proud to support OnStation’s mission to become the leading app for all roadway projects, and we are thrilled to lead this round and be part of their growth story.”

The funds from this Series A round will accelerate OnStation’s growth strategy, including expanding its market presence across the United States and continuing to innovate its platform to meet the evolving needs of the heavy highway industry. For more information about OnStation and its solutions, please visit onstationapp.com.

About OnStation
OnStation is a collaborative digital stationing platform that offers location-based project records from bid to close. Specifically designed for the heavy highway industry, OnStation’s mobile app centralizes communication, boosts productivity, enhances worker safety, and improves project quality. Users benefit from instant jobsite stationing, milepost, and LRS capabilities. They can overlay design layers on the project map and communicate via a custom chat platform that organizes and records project events at their locations. OnStation is available on both the Apple App Store and Google Play Store and is supported on all desktop systems.

About JumpStart Ventures
JumpStart Ventures invests in Seed and Series A-stage technology startups across Ohio. With four investment funds under management, the organization provides capital and strategic resources to high-growth, early-stage companies as they navigate critical growth phases. One of Ohio’s most active seed-stage investors, JumpStart Ventures has generated 2.5X+ returns via nationally recognized exits. To learn more, visit JumpStart.vc.

SOURCE OnStation

Funds will further accelerate product development and support the company’s already rapid growth into public golf, resorts, “eatertainment” and activity management

MILL VALLEY, Calif. , June 10, 2024 — Whoosh, Inc., the most advanced club operations software solution, today announced the closing of its $10.3 million Series A funding round, led by AlleyCorp. Additional institutional investors participating in the round include 8VC, Alaris Capital, Bienville, Craft Ventures, Eberg Capital, Operator Partners, and Raptor Group.

Other notable investors include Larry Fitzgerald Jr., Alison Lee, Howard Lindzon, Kurt Kitayama, Andy Roddick, and Mike Walrath. The backing of golf operators and industry professionals is evidence of the value Whoosh’s current solutions create for customers and the power of its strategic vision.

Since the company’s launch in 2022, Whoosh has remained steadfast in its mission of creating the most intuitive operations and hospitality solutions for private golf and racquet clubs and public/daily-fee facilities. The business has evolved to become the best-in-class provider for the industry, powering the most premier clubs and “Top 100” golf courses in the country.

With this investment, Whoosh will continue its expansion into public/daily-fee clubs, alternative golf facilities, “eatertainment” venues, resorts, and other time-based activity operators. It will also support further development efforts to improve its already innovative technology, in addition to increasing team capacity to meet the surging customer demand for its software solutions.

“Whoosh is the most innovative and intuitive operations and activity management solution for private facilities,” said Colin Read, Whoosh’s co-founder and CEO. “This investment enables us to further develop our product and bring these best-in-class hospitality and operational tools to public golf, racquet and ‘eatertainment’ venues worldwide. The vast majority of recreation and leisure companies operate with outdated technology, leading to revenue loss, staff inefficiency and siloed data. Whoosh has streamlined operations and enabled better hospitality at the most prestigious private facilities in the country, and our expansion will extend these solutions to facilities that put hospitality first.”

This financing comes following Whoosh’s announcement of its integration with Square, a move designed to revolutionize the way public golf courses and daily-fee facilities manage operations and commerce. The company has plans for new integrations to be completed later this summer, alongside further refinement of its public product before year end, further solidifying its position as the leader in omni-channel data experiences.

Doug Band, a Venture Partner at AlleyCorp, will join the company’s Board of Directors as part of this funding round. “Whoosh is bringing cutting-edge technology to club managers and hospitality providers in ways that have largely gone overlooked for years,” Band shares. “Through its modernized digital platform, Whoosh has created a better way to communicate with members and customers, while streamlining workflows for operations staff.”

From the beginning, Whoosh’s ethos has been “for industry, by industry,” focused on gathering data and interviewing key stakeholders at golf facilities all around the country to best understand challenges and build a solution to streamline workflows and provide the best member experience possible. As legacy technologies have lagged to innovate, Whoosh quickly emerged as the best cloud-based reservation system on the market, integrating clubs’ tech stacks, streamlining staff workflows, enhancing on-site hospitality and improving club communications.

Whoosh has received prestigious accolades from leading industry publications including Boardroom’s “Excellence in Achievement” and Golf Inc.’s “Best In Golf Technology.” The team also brought home “Best in Show: Business Solutions” at the first ever Golfweek Tech Lab earlier this year at PGA Headquarters in Frisco, TX.

For more information, please visit www.whoosh.io, or contact Whoosh directly at [email protected].

ABOUT WHOOSH
Whoosh provides the most advanced reservation and operations software to manage everything from the course to the clubhouse. Our solution offers the industry’s first cloud-based, tablet-focused tee sheet and booking tools for private and public/daily-fee facilities that puts reservation control in players hands for golf, racquets, simulators, lessons, fitness and more. For more information, visit www.whoosh.io.

CONTACT
Jenn Burgess
Whoosh, Director of Marketing
[email protected]

Bo Wood
Golf Space Collective
[email protected]

SOURCE Whoosh, Inc.