Seed Round Led by Equal Ventures and Hustle Fund

NEW YORK, May 30, 2024 — (Re)vive, the pioneering solution addressing the challenges of unstockable and returned inventory for future-minded brands, today announced it has raised $3.5 million in Seed funding, led by new investor Equal Ventures and existing investor Hustle Fund. Banter Capital, Coalition Operators, Mute VC, and Veronica Chou also joined the round alongside existing investors Charge VC, Everywhere VC, and Hyphen Capital.

The fashion and retail industries face a significant dilemma: a substantial portion of inventory becomes unstockable during the distribution journey, leading to considerable financial losses and negative environmental impact. Research indicates nearly 11 percent of asset value disappears when brand inventory gets minorly damaged during the return process. These items often end up accumulating in ‘mystery’ boxes without any actionable data captured on why these items are taken out of circulation.

“Brands are grappling with mounting operational costs associated with processing, storing, and disposing returns, which can amount to as much as $15+ per item,” said Allison Lee, founder and CEO of (Re)vive. “However, with a growing demand for sustainable fashion from consumers, we see a huge opportunity for future-minded brands to leverage their once-disposed, damaged product into a coveted item. We are excited to welcome Equal as our new lead investor, as they also recognized an industry-wide need for an inventory optimization tool from their years of market research.”

(Re)vive, formerly known as Hemster, addresses these challenges head-on with a proprietary technology that powers both data and physical operations needed in recovering this neglected category. Through a data-enabled platform, (Re)vive digitizes, inspects and services brands’ mystery boxes, transforming them into merchandisable inventory. (Re)vive offers brands a ‘source of truth’ dashboard to realize the highest asset value, as Revived inventory is listed and sold across brand-approved sales channels.

“There’s almost $1 trillion of inventory out there that brands and retailers don’t know how to deal with and Allison and team have found an incredibly interesting wedge into this market,” said Chelsea Zhang, investor at Equal Ventures. “(Re)vive is filling a void and injecting value back into the ecosystem in a way that no one else in the value chain can. We are incredibly excited to support her as she goes after this opportunity.”

(Re)vive handles everything from digitization and inspection to assigning garment services that maximize asset value while minimizing costs for brands. Their platform streamlines the process, alleviating operational burdens for brands and ensuring the highest profitability and scalability. Additionally, (Re)vive partners with brands to merchandise refurbished items across a customized mix of sales platforms that bring the highest price to the Revived inventory.

Eric Bahn, co-founder and general partner at Hustle Fund, commented, “‘Revive’ is such an appropriate name for this company, on multiple fronts. First, it describes the core business well, where this platform helps large retail apparel brands to upcycle garments and deadstock into new products, thereby substantially reducing apparel waste. But it also accurately describes Allison Lee herself. Allison is one of the most resilient humans I’ve ever met, and she’s gone through hell and back to create this outstanding company. What a thrill to be on this journey with Allison and her team.”

Heston Berkman, partner at Banter Capital, added, “Casting our support behind (Re)vive isn’t just about backing a business, it’s about backing a game-changer in sustainability and retail. With Allison Lee at the helm, (Re)vive is not just breathing new life into inventory, it’s turning a cost center into a revenue generator. It’s not just innovation, it’s a retail revolution, and we’re thrilled to be along for the ride.”

In the last 12 months, (Re)vive’s revenues and processed units have both grown by more than 10x. The new funds will be used to further fuel growth and strengthen the (Re)vive platform to maximize and realize asset value of deadstock inventory for the retail industry.

About (Re)vive:
(Re)vive is a leading solution provider addressing the challenges of unstockable and returned inventory for brands. With a proprietary data platform, (Re)vive empowers brands to recover the highest asset value from unstockable inventory while streamlining the supply chain. Headquartered in New York City, (Re)vive is committed to driving sustainability and profitability for brands in the fashion and retail industries. In 2024, (Re)vive became B-Corp certified. Learn more at www.byrevive.com/.

SOURCE (Re)vive

Funding to Support Squared Circles’ Science-backed Innovation of Everyday Products in Health & Wellness

LOS ANGELES, May 30, 2024 — Squared Circles, a consumer-focused venture studio incubating brands grounded in science, announced today the closing of a $40 million Series A funding round led by L Catterton. The investment follows L Catterton’s prior participation in the company’s Seed round, which had been led by investor Wildcat Capital Management, LLC, and Regeneration VC. With this new funding, Squared Circles plans to launch and scale at least five more health and wellness brands over the next three years.

Founded by Alexander Gilkes, Osman Khan and Lukas Derksen, Squared Circles is a venture incubator with a focus on creating science-backed consumer products in the food, beverage, and health and wellness spaces.  The founding team collectively has over 60 years of experience in building brands and has launched eight companies, and to date, Squared Circles has built and launched three companies: Magic Molecule, a skin health solution that recreates a compound naturally produced by the white blood cells — hypochlorous acid; Algae Cooking Club, a healthy oil and fats product derived from microalgae, disrupting the $50B edible oils and fat end market and co-founded by Eleven Madison’s Daniel Humm; and Freaks of Nature, a high performance skin microbiome brand designed for the 164M outdoor enthusiasts in the U.S. alone, with Kelly Slater as Co-Founder.

Differentiating itself from other venture studios, Squared Circles licenses novel bioscience IP to deliver targeted product experiences and competitive moats and leverages a stage-gated playbook supported by generative AI to speed up innovation and improve efficiency.

“We’re thrilled to support Squared Circles as they create some of the most forward-thinking and innovative products that leverage science and AI to meet the needs of the consumers of tomorrow,” said Jon Owsley, Managing Partner of L Catterton’s Growth Fund. “Their targeted approach to consumables, expert grasp of consumer mindset and behavior, and seamless fusion of science with culture fill an important gap in the market. Squared Circles is set to lead the next wave of profitable, impactful innovation that benefits both people and the planet.”

“We want to work with scientists to shape a future where consumer products benefit both individuals and the planet,” said Osman Khan, Co-founder and CEO of Squared Circles. “We are excited to collaborate with leading consumer-focused investors such as L Catterton who not only share our long-term vision for creating transformational brands, and our dedication to ingenuity and sustainability, but also bring the extensive consumer expertise and deep operational knowledge that will help support our future endeavors.”

The funding follows Squared Circles’ release of the 2024 Conscious Maximalist™ Report, which identifies a new conscious consumer mindset shift shared by 46 million Americans and provides a blueprint for brands to succeed in 2024 and beyond.

To learn more about Squared Circles, their recent brand launches, and future incubations, visit squaredcircles.com.

About Squared Circles

Squared Circles is a consumer-first venture studio, co-founded by Osman Khan, Alexander Gilkes and Lukas Derksen. They build and launch companies focused on a tension unearthed around the audience that they term The Conscious Maximalist™ (their 2024 Conscious Maximalist™ Report, based on insights from over 3,000 consumers, identifies America’s new wave of conscious consumerism). They leverage the latest innovations in bioscience to create health and wellness products that are better for you and the planet. To date they have launched three companies, which include Magic Molecule, Algae Cooking Club, and Freaks of Nature. They are backed by investors who include L Catterton, Regeneration.VC and David Bonderman.

Media Contact:
Meredith Sidman
2122262922
[email protected]

SOURCE Squared Circles

Read how RealReviews.io secured major funding to improve and expand its AI review platforms. This step will change all web markets and review management.

NEW YORK, May 29, 2024 — RealReviews.io secures new funding to scale its AI-powered review platform and enter new markets

RealReviews.io is pleased to announce the successful completion of its investment round to all users and potential partners. The undisclosed sum from a group of angel investors is rumored to value the company at around $100m. This capital will be deployed to enhance the company’s vetting of customer reviews to ensure they are, as the company states, “real” (i.e. not bot-generated by the companies themselves to fabricate good online reputation).

Key selling point of RealReviews.io is its fake-detection engine. The company states that it values “quality over quantity”, preferring to allow only vetted reviews to be posted on its customer review platform. Given the massive proliferation of AI generated content, RealReviews.io platform literally took off in the English speaking world, and the company is now working hard to scale the model to other local markets. The Netherlands, Hungary and Ukraine have been chosen to test the strategy, and more languages are promised later this year.

“Customer reviews are an invaluable asset for us and a form of trust capital. In the age of fake AI content we believe it’s best for the businesses and for society to have 50 real reviews rather than 5,000 questionable ones. By integrating advanced AI solutions, we can enhance our understanding of reviews and their impact on businesses and assist companies in improving their products and services, all while ensuring users encounter authentic messages on our customer review platform,” stated the CEO of RealReviews.io.

Entering New Markets

Ukraine

Ukraine has emerged as a new area of interest, largely due to its expanding e-commerce market and increasing customer engagement. More and more citizens opt for online shopping and service ordering over traditional methods. This trend has underscored the necessity of understanding the market and identifying trustworthy entities.

Given that the Ukrainian business segment lacks a unified platform for reviews and user feedback analysis, RealReviews.io has seized the opportunity to fill this gap and offer a comprehensive solution for enhancing interaction across all parties of the e-commerce market. Now, with AI solutions, businesses, and average web users seeking to enhance their shopping experiences can benefit. Today, each Ukrainian can check the review of any local company with one click.

Hungary

The Hungarian market for the distribution of digital goods and services is also experiencing rapid growth. More than half of all purchases and searches for service providers are conducted online. With citizens’ increasing digital engagement, more and more people are paying attention to online customer reviews.

Individuals must know whether they can trust companies and what other customers say about them. This posed a significant challenge for local businesses, as there was a need for a trustworthy platform to connect people and businesses. Hence, RealReviews.io decided to enter the Hungarian market and provide a comprehensive solution for all parties involved.

The Netherlands

The commercial market in the Netherlands consistently maintains a high level. The population’s involvement in high technology is notably active. With more than half of all sales and services conducted online and the country’s regulatory framework not impeding the development of technology companies focused on review sites and responses, the environment is conducive to growth.

Moreover, the Netherlands leads in Europe in reducing bureaucratic barriers to business expansion. Therefore, it was only a matter of time before RealReviews.io entered this market. This country’s residents and business representatives will now have access to a modern AI-powered review platform.

Investment Focus Areas

Automated Response Assistance

Automation has always been a priority for RealReviews.io, as it facilitates the integration of AI and advanced solutions to simplify business interactions with customers and their negative or positive reviews. For businesses, this presents several opportunities:

1. Timely and personalized responses to customer feedback.
2. The ability to analyze people’s experiences and adapt accordingly.
3. Analysis of the sentiment and context of each message.
4. Selection of the best responses to negative reviews to resolve issues.

The solutions provided by RealReviews.io enable automated expressions of gratitude to customers for positive reviews, offering constructive responses even in unconventional scenarios and deeply customizing the context of interaction with the audience. The ultimate goal is effective engagement with the target audience, and automated solutions can facilitate achieving this desired outcome. Now, businesses can reply to both positive and negative reviews to maintain their growth.

Enhancements to Existing Systems

Automated Review Analysis

The primary objective of RealReviews.io is to continuously enhance customer sentiment recognition systems, which can significantly improve the accuracy of review analysis. Implementing advanced large language models allows for interpreting and implementing automated customer review analysis by generating a tag cloud with keywords.

Consequently, the system can categorize all specific issues or attributes, handle reviews efficiently, and provide effective solutions for prompt responses. Sentiment tracking is crucial for businesses seeking to capture subtle changes in customer needs, behavioral patterns, and experiences with specific web solutions.

Detecting Fake Reviews

Like all businesses committed to honest dialogue with customers, RealReviews.io makes every effort to train linguistic models to identify patterns and anomalies associated with fake reviews. Trolling, review bombing, flaming, blackmail, spam, and classic disinformation have an extremely negative impact on any company and must be stopped.

The analytical model in RealReviews.io reads contextual signals, repeated phrases, and all patterns that are not typical for the real reviews of the average customer. As a result, business owners can receive suspicious activity reports or even the option to block fake reviews, saving significant time automatically.

Bottom Line

In recent months, RealReviews.io has been on the brink of a breakthrough in customer review management. With recent investments and market expansion, it’s only a matter of time before the customer reviews market undergoes a revolution. Enhancing the AI model and the overall approach to operating review analysis algorithms offers innovative opportunities for the growth of any business. Consequently, rapid expansion into new markets is becoming an achievable goal for the near future.

About Real Reviews

RealReviews.io is your go-to platform for trustworthy and unbiased information, backed by a passionate team dedicated to empowering users. Our focus on technology, data analysis, and top-notch customer service ensures you get accurate insights for informed decision-making. We simplify choices through reliable reviews, using AI evaluations forobjective assessments. Join our engaged community, where sharing experiences shapes collective knowledge, and discover a space built on transparency, authenticity, and user empowerment. At RealReviews.io, we’re committed to making your decisions confident and well-informed.

Press Contact:

Victoria
+1 302 574 6680
https://realreviews.io/

SOURCE Real Reviews

Die von der Jahez-Gruppe geführten Fonds werden die geografische Expansion in Saudi-Arabien, Europa und dem Vereinigten Königreich beschleunigen

DUBAI, VAE, 29. Mai 2024 — Grubtech, eine führende SaaS-Integrations- und Unified-Commerce-Plattform, die F&B- und Quick-Commerce-Unternehmen unterstützt, gab bekannt, dass das Unternehmen im Rahmen seiner Serie B und einer Erweiterungsrunde der Serie A 15 Millionen US-Dollar aufgebracht hat.  Die Series-B-Runde wurde vom VC-Arm der Jahez Group, einem führenden, in Saudi-Arabien börsennotierten Online-Marktplatz für Lebensmittel und Quick-Commerce, geleitet, mit Beteiligung der bestehenden Investoren Addition und Oryx Fund, , dem MENA-spezifischen Fonds von Hambro Perks.

Grubtech wurde 2019 gegründet, um die Lücke der F&B-Branche bei Technologielösungen für Omnichannel-Aktivitäten zu schließen.  Die Flaggschifflösung gOnline bietet den Anwendern eine echte Unified-Commerce-Engine, indem sie eine breite Palette von Online- und In-Store-Bestellkanälen in nachgelagerte Systeme wie POS, ERP, Inventar, 3^rd party logistic und Loyalty-Lösungen integriert.  Grubtech bietet auch Lösungen zur Rationalisierung der Abläufe in den Filialen, der Auftragsabwicklung und der KI-gesteuerten Datenanalyse. 

Der Kundenstamm von Grubtech hat sich in 18 Märkten über F&B hinaus entwickelt und umfasst nun auch andere führende Quick-Commerce-Kategorien wie Lebensmittelgeschäfte und Apotheken. Das Unternehmen plant, den Erlös zur Beschleunigung der geografischen Expansion und zur Gründung von Niederlassungen in Saudi-Arabien, Europa und Großbritannien zu verwenden.

„Die Online-Umsätze im Bereich F&B und Quick-Commerce wachsen weiterhin in rasantem Tempo.  Unsere Produkte ermöglichen es unseren Kunden, Elemente ihres Tech-Stacks, wie z. B. ein POS-System, weiter zu nutzen und gleichzeitig neue Vertriebskanäle und digitale Lösungen nahtlos einzuführen, wodurch Silos in den Bereichen Betrieb und Daten beseitigt werden”, sagte Mohamed Al Fayed, Mitbegründer und Geschäftsführer von Grubtech.  „Wir freuen uns darauf, unseren Vorstoß in verschiedene Märkte fortzusetzen, in denen wir eine starke Nachfrage und ein großes Wachstumspotenzial festgestellt haben.”

Die Lösungen von Grubtech ermöglichen es den Kunden, ihr Verkaufsvolumen über mehrere Kanäle hinweg erheblich zu steigern und gleichzeitig die Abwicklungszeit zu verkürzen und auf eine Fülle von Echtzeitdaten zuzugreifen, die für die operative und strategische Entscheidungsfindung genutzt werden können.  Nach der Einführung der Lösungen von Grubtech können die Betreiber den Umsatz pro Quadratmeter leicht verdoppeln und die Geschwindigkeit des Service um 25 % verbessern, während sie gleichzeitig Betriebskosten sparen und die Verschwendung reduzieren.

Abdulaziz Alhouti, Chief Investment Officer der Jahez Group, sagte: „Nachdem wir in mehrere Technologielösungen im F&B- und Quick-Commerce-Sektor investiert haben, haben wir aus erster Hand den Wert der Integrationsplattform von Grubtech für unsere Händlerbasis gesehen.  Wir freuen uns, das Team von Grubtech bei der Entwicklung neuer Produkte und der Erschließung neuer geografischer Gebiete zu unterstützen.”

Foto: https://mma.prnewswire.com/media/2421654/Grubtech.jpg

PROVIDENCE, R.I., May 29, 2024 — Light Frame, a pioneering Swiss-American FinTech company headquartered in Providence, R.I., today announced the successful oversubscription and completion of its Pre-Seed financing round, raising $1.7 million.

Launched by the founding executives of Alpian, Switzerland’s first digital private bank, Light Frame is developing a proprietary technology platform designed to deliver unprecedented levels of autonomy, capability, and intelligence within the operations of Private Banks and Wealth Management firms. This funding round marks a significant milestone in the company’s journey, providing the necessary resources to accelerate its innovation and growth.

“Current technologies within the Financial Services industry are generations behind the modern standard, restraining banks in their capacity to innovate and drive efficiency,” said Mathieu Clement, President of Light Frame. “Light Frame is building the next generation of Wealth technology, a technology that will enable our client banks to fundamentally rethink and improve how they operate.”

Light Frame’s pre-seed round of $1.7 million is co-led by ATX Venture Partners and New Stack Ventures. Light Frame’s investors also include Rogue Venture Partners, Half Court Ventures, Underdog Labs, and Studio Alpha.

“Modern technology represents the single biggest opportunity for banks to both materially expand their revenues and optimize their costs,” said Schuyler Weiss, CEO of Light Frame. “This funding will enable us to grow our team both in Rhode Island and abroad, further engage with the Private Banks and Wealth Managers looking to seize this opportunity, and facilitate the launch of our product within the market in 2025.”

Light Frame opened its American headquarters at the Cambridge Innovation Center (CIC) in downtown Providence in early 2024, joining dozens of other nationally leading, tech-focused startups working out of CIC’s fast-growing hub. Light Frame also has an office in one of Switzerland’s leading entrepreneurial cities, Lausanne.

About Light Frame

Light Frame is a Swiss-American Financial Technology company headquartered in the Cambridge Innovation Center in Providence, R.I., USA. The company was founded in January 2024 by Schuyler Weiss, the founder and former CEO of the Swiss bank Alpian, Mathieu Clement, the former COO and CIO of Alpian, and leading technologists Philippe Kernevez and Gregory Bataille.

Learn more at www.LightFrame.tech. 

SOURCE Light Frame

BOSTON, May 29, 2024 — Chloris Geospatial, the leading technology company measuring forest carbon from space, welcomes the Cisco Foundation and NextSTEP as investors. The two new additions join existing investors AXA IM Alts, Orbia Ventures, At One Ventures, and Counteract in a new funding round that will support the continued advancement of Chloris’ mission.

Forest conservation and restoration are vital solutions to the climate change and biodiversity crisis and a necessary tool to steer the global economy toward attaining net-zero emissions by 2050. Chloris’ monitoring technologies enable the scaling of these solutions by allowing trustworthy assessment of their impact on the ground.

Developed under the guidance of its co-founder and Chief Science Officer, Dr. Alessandro Baccini, Chloris’ technology produces reliable annual estimates of biomass density and quantifies forest carbon stock and change for any area of interest by utilizing earth observation data, proprietary sensor fusion, and machine learning algorithms. Chloris’ technology empowers governments, companies, civil society organizations, indigenous peoples, and local communities to track all biomass dynamics – including those arising from deforestation, degradation, and growth of trees – from field to continental scale and understand the impact of their forest carbon projects and supply chains.

The new funding round will enable Chloris to meet the evolving needs of the market, while facilitating continued commercial growth and solidifying Chloris’ position as the most trusted name in remote sensing for forest carbon accounting.

“We are thrilled to have secured continued support from our existing investors and extend a warm welcome to the Cisco Foundation and NextSTEP,” said Chloris co-founder and CEO Marco Albani. “This investment reaffirms the confidence of our investors and their commitment to our mission of delivering high-integrity data on the impact of nature and climate action.”

Chloris also announced today that Adam Gibbon, Natural Capital Lead at AXA IM Alts, has joined its board of directors.

“We think that Chloris’ technology is a leap forward, allowing forest biomass measurement at unparalleled scale, speed and accuracy, and expect it to become the de facto standard for forest carbon projects and supply chain footprinting. This investment contributes to AXA IM Alts’ mission to invest into activity and solutions that ensure the protection, restoration, and sustainable management of natural capital,” said Adam Gibbon, Natural Capital Lead at AXA IM Alts.

“Through the Cisco Foundation’s climate investments, we strive to support early-stage climate ventures that can catalyze substantial climate impact,” said Elias Habbar-Baylac, Climate Investor with the Cisco Foundation. “Our support for Chloris Geospatial is rooted in their exceptional ability to monitor forest carbon dynamics with precision and scale. Chloris’ advanced sensor fusion technology and machine learning models provide essential data for robust, scalable natural carbon sinks management, aligning with Cisco Foundation’s strategy to protect and scale natural carbon sinks.” The Cisco Foundation was established in 1997 with a gift from Cisco. In 2021, the Cisco Foundation committed US$100 million over the next 10 years to fund innovative climate solutions.

“Our strategic investment in Chloris, a decision made in alignment with our mission and values, reflects the critical role of trusted monitoring technologies in tackling climate change effectively,” said Claudio Colombo, Managing Director at NextSTEP. NextSTEP (NextEnergy Sustainable Technology for the Planet) is an investment initiative promoted by NextEnergy Group dedicated to pre-seed and seed investments in CleanTech startups.

“Nature based solutions are critical components in humanity’s efforts to reduce carbon in the atmosphere. Orbia Ventures spent many months evaluating the remote sensing market before deciding to invest in Chloris. Having the best team in the industry, Chloris is the only company in the world that can cost effectively and at scale measure the carbon stocks and changes in every forest in the world since the year 2000,” said Shai Albaranes, VP Innovation and Ventures at Orbia.

About Chloris Geospatial
Chloris Geospatial is a leading provider of trustworthy forest carbon insights, leveraging artificial intelligence and machine learning to create innovative solutions that drive business value. The technology helps businesses make informed decisions and improve operations through scalable and cost-effective actionable insights maximizing funds for action on the ground.

For more information, visit www.chloris.earth.

Logo – https://mma.prnewswire.com/media/2424680/Chloris_Geospatial_Logo.jpg

NEW YORK, May 29, 2024 — Silas Capital, an “emerging growth” equity and venture capital firm that invests behind exceptional next generation consumer brands, has announced today that Mary Murtagh has joined the firm as a Vice President on its investment team.

Ms. Murtagh joins Silas Capital with 7 years of consumer growth equity, investment banking and operational experience. Most recently, Mary was a Senior Associate at CAVU Consumer Partners, where she worked on venture and growth equity transactions across the beauty, personal care, food and beverage categories. Prior to CAVU, she was a Commercial Finance & Strategy Associate at Vita Coco. Mary began her career as a consumer investment banker at Rothschild & Co. Mary graduated from Georgetown University with a B.A in Finance.

“We could not be more excited to welcome Mary to our investment team and look forward to the significant contributions she will make to the firm,” said Carter Weiss, Partner of Silas Capital. “We will continue to add talented, experienced consumer-focused professionals who will enable us to expand our investment capabilities.”

Silas Capital will continue to focus on $3 million to $15+ million investments in high-growth, and typically profitable, consumer brands between $5 million and $50+ million in revenue. This “emerging growth” strategy resides uniquely between venture capital and private equity, which has proven to be an ever-inefficient segment of the market within the consumer segment.

About Silas Capital:

We’ve been there too — Silas Capital is a consumer growth equity and venture capital firm formed in 2012 by founders and principal investors with a long record of success across e-commerce, wholesale, and retail.

The firm’s flagship funds, Silas Capital I & II, specialize in partnering with growth stage consumer businesses between $5 and $50+ million in revenue that are capital efficient and on a clear path to profitably as lead investor with check sizes of $3 to $15+ million. Silas is one of the few experienced firms specializing in “emerging” growth stage consumer businesses, having pioneered the segment.

Additionally, Silas looks to invest up to 10% of its capital into seed and early-stage brands with smaller passive checks under $500K through Silas Ventures, the firm’s early-stage venture platform comprised of two micro funds, Silas Ventures I & II.

For more information www.silascapital.com

CONTACT INFORMATION:
Silas Capital
[email protected]

SOURCE Silas Capital

SEATTLE, May 29, 2024 — TraceAir, a leading provider of site intelligence software for homebuilders and land developers, today announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital among other existing investors. TraceAir offers builders and developers a visual and collaborative construction management platform that empowers businesses with data-driven insights to lower costs, improve efficiency, and reduce the risk of errors and delays.

The investment will support the development and market roll-out of new products to boost land development and homebuilding workflows with predictive analytics and to set the industry on a new level of efficiency and automation. TraceAir’s expanded offerings will encompass the entire lifecycle of land development and homebuilding projects—from land acquisition and planning up through construction—delivering unparalleled value to top builders, proving that TraceAir is the must-have partner for any developer to compete in the land-development market.

“We are thrilled to embark on this next chapter of TraceAir’s journey with the support of PeakSpan Capital and Flashpoint Venture Capital,” said Maria Khokhlova, co-founder of TraceAir. “This funding will enable us to accelerate our mission of transforming the land development and homebuilding industries through radical transparency and visual data-driven approach as well as through empowering essential workflows with innovation and technology.”

Since founding TraceAir in 2015, co-founders Maria Khokhlova, Dmitry Korolev, Alexander Solovyev, and Nikita Ushakov have grown the company to serve the top thirty homebuilders in 40+ states and Canada. Trusted by industry leaders including DR Horton, Howard Hughes, Lennar, and more, TraceAir is committed to meeting the complex business needs of builders and land developers worldwide.

“Our vision is to empower construction professionals with intelligent and easy-to-use tools that drive efficiency and sustainability,” added Dmitry Korolev, co-founder of TraceAir. “With this investment, we are poised to deliver even greater value to our customers and partners.”

The construction technology market is predicted to exceed a market size of $24 billion by 2033, a considerable increase from $5 billion in 2023. Private equity investments in PropTech and adjacent sectors are poised to fuel this market growth in response to industry challenges such as workforce and supply chain shortages, inflation, and dynamic regulation.

“TraceAir has demonstrated exceptional growth and innovation in an industry ripe for disruption,” said Phil Dur, co-founder and general partner at PeakSpan Capital. “We are excited to partner with Maria, Dmitry, and the entire TraceAir team as they continue to pioneer advancements in construction technology.”

“TraceAir’s commitment to leveraging AI and machine learning to address critical challenges in land development and homebuilding aligns perfectly with our investment thesis,” added Tony Fedorov, partner and the Head of US operations at Flashpoint Venture Capital. “We look forward to supporting TraceAir as they scale their transformative solutions.”

To learn more, please visit www.traceair.net.

About TraceAir 
TraceAir is the premier provider of construction site analysis and management solutions, revolutionizing the modern approach to land development and homebuilding. TraceAir’s platform captures valuable 3D project data and empowers construction teams by significantly saving time and reducing the risk of costly errors and delays. TraceAir’s diverse team of technology enthusiasts, engineers, drone pilots, project managers, and software developers is driven by a passion for construction and a commitment to advancing the success of clients across the globe. For more information, visit www.traceair.net.

Public Relations Contact
Coleman Pyeatt
[email protected]
(214) 797-9848

SOURCE TraceAir

BROOKLYN, N.Y., May 29, 2024 — Matter Bio, a pioneering biotech company dedicated to preserving genome integrity and extending healthy human lifespan, today announced the successful close of its seed round funding, raising $7 million to advance its groundbreaking work in longevity research.

The seed round was led by Lifespan Vision Ventures, with participation from quadraScope Ventures and others, and includes grant support from NIH, NCI, and NIEHS. The funds will be utilized to conduct further research into the information theory of aging at a genomic level, which Matter believes contributes significantly to the aging process. The funds will also enable the filing of an IND and the start of a Phase 1/2a clinical trial in solid cancer.

Matter Bio tackles the problem of genome instability holistically, addressing the issue through a multi-pronged approach:

1. Reading Mutation: Detecting and identifying loss of genomic information.
2. Reversing: Correcting integrated mutations and reintroducing original genetic information.
3. Removing: Eliminating cells that are too damaged to be repaired, such as cancerous, clonal, and senescent cells.

Matter Bio has assembled a world-class team of scientists and executives, including co-founders such as George Church, PhD, a pioneer in genome sequencing and gene editing, Jan Vijg, PhD, an expert in genome instability and somatic mutations, and Claudia Gravekamp, PhD, a world authority in attenuated bacterial therapeutics. The company operates at the forefront of longevity biotechnology, leveraging cutting-edge science and innovative approaches to address the complexities of aging.

“Genomic integrity is a cornerstone of longevity and healthspan extension,” said George Church, Professor of Genetics at Harvard Medical School. “Matter Bio is pioneering a crucial approach in the fight against aging by focusing on the preservation of our genetic blueprint. I am excited to see the impact of their work on enhancing human health.”

“Our investment in Matter Bio furthers our mission of supporting the cutting-edge interventions that promote longevity and combat aging,” said Andrew Worden, Founding Partner of LifeSpan Vision Ventures. “Matter Bio’s strong team, cutting-edge genomic preservation technologies, and early-stage partnerships give the company excellent prospects to succeed with its vision.”

For more information about Matter Bio’s history and mission, please visit matterbio.com.

Media Contact:
[email protected]

SOURCE Matter Bio