The real estate fund builds upon the General Partners’ 10-year track record in the luxury vacation rental home market

NEW YORK and COLUMBUS, Ohio, April 30, 2024 — East Chop Capital (East Chop) today marks the successful closure of its Fund II at $11 million, which focuses exclusively on luxury vacation rental homes.

“Fund II is about scale and pattern recognition as we invest in undiscovered, overlooked/undervalued, or value-add vacation rental homes and developments across the United States,” said Carrington M. Carter, Co-founder and General Partner. “We’re pleased to already be putting this capital to work in Florida and Texas.”

Fund II drew equity investments from 93 LPs, including Liberty Financial Services.

East Chop closed its first fund in December 2020 at $4 million, which is currently on track to deliver 25% returns, net of fees, and a focus on the $75 billion global vacation market that is projected to reach over $130 billion by 2033.

With an emerging presence in private equity, East Chop unveils a divergent new blueprint for capital deployment, promising innovation and growth for investors and founders.

The firm has also invested in technology, financial services, media, and professional sports, and is the largest minority-led investment group in Uncle Nearest, Inc. With $30 million in AUM, East Chop’s growing network includes approximately 200 investors, 90% of whom are Black, and approximately 23% of whom are women.

“East Chop Capital is building on its extensive ecosystem to educate investors in private equity and venture capital, and simultaneously opening doors to unique investment opportunities,” said Calvin L. Butts, Jr., Co-founder and General Partner. “These key pillars are part of our philosophy of investing to build generational wealth while tackling socioeconomic disparity.”

Forward Looking Statements
Certain information set forth in this press release contains “forward-looking information” under applicable securities laws. Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of East Chop Capital; (ii) the expected development of our business; (iii) execution of our vision and growth strategy; (iv) completion of our projects that are currently underway, in development or otherwise under consideration; and (v) future liquidity, working capital, and capital requirements. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. East Chop Capital undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

About East Chop Capital 
East Chop Capital is a private equity firm founded in 2018, born from the idea and necessity of pooling the resources of many to build generational wealth for investors, and connect business owners to capital, relationships, and other resources to catalyze their success. The growing East Chop Capital network works to eliminate socioeconomic disparity and close the wealth gap, through its commitment to provide the best combined financial, educational, and social returns. Learn more at https://eastchopcapital.com/ 

SOURCE East Chop Capital

New funding to accelerate growth in AI and cloud security as Corelight helps customers find and disrupt advanced attacks

SAN FRANCISCO, April 30, 2024 — Corelight, a leader in open network detection and response (NDR), today announced it has raised $150 million in Series E investment led by its first capital investor, Accel, with additional strategic investment from Cisco Investments and CrowdStrike Falcon Fund.

This funding will accelerate Corelight’s AI-driven security innovation, cloud-native security capabilities, and data fusion partnerships with leading cybersecurity platforms to deliver transformative capabilities for SOC analysts and incident response teams.

Beyond these investments, Corelight is the NDR platform of choice for the elite cybersecurity services teams at CrowdStrike, Mandiant, and the Black Hat NOC at Black Hat events. Corelight’s technology and partnerships have propelled them to becoming the industry’s fastest-growing, scaled NDR platform, with over 40% YoY ARR growth and 300% YoY growth in the company’s AI and SaaS-driven NDR solutions. 

“Corelight uses the network to provide ground truth evidence of adversarial movement, and the use case for that data is unbounded,” said Brian Dye, CEO of Corelight. “Customers and partners are broadly adopting Corelight to drive advances in AI-driven security operations, cloud visibility and detection, and next-generation SIEM platforms. We are excited to collaborate with CrowdStrike, Cisco and Accel as we continue to innovate and serve the needs of our mutual customers.”

New investments underscore the power of Corelight’s Open NDR strategy

“What stood out about Corelight since the early days was its unusually strong enterprise traction, battle-hardened, open-source technology, and its delighted customers,” said Arun Mathew, partner at Accel. “Corelight is remarkably well positioned to modernize legacy technologies and deepen technology partnerships with the most significant cybersecurity organizations and platforms around the globe.”

“Driving visibility across hybrid and multi-cloud environments helps customers solve key security challenges and amplify the power of their cybersecurity posture,” said Janey Hoe, vice president, Cisco Investments.

“Next-Gen SIEM will transform how security analysts detect, investigate and respond to attacks,” said Gur Talpaz, vice president of corporate development at CrowdStrike and head of Falcon Fund. “Third party data from Corelight’s Open NDR Platform adds valuable context to the rich telemetry of the Falcon platform. We’re excited to increase our investment in Corelight, extending our partnership.”

To learn more about Corelight’s Open NDR Platform, please visit https://corelight.com/solutions/why-open-ndr

About Corelight

Corelight transforms network and cloud activity into evidence that security teams use to proactively hunt for threats, accelerate response to incidents, gain complete network visibility and create powerful analytics. Corelight’s global customers include Fortune 500 companies, major government agencies, and large universities. Based in San Francisco, Corelight is an open-core security company founded by the creators of Zeek®, the widely-used network security technology. For more information, visit https://corelight.com or follow @corelight_inc. Corelight is continuing to invest in hiring diverse talent across all levels of the business around the globe. More information on job openings can be found on the Corelight careers page.

SOURCE Corelight, Inc.

HONG KONG, April 29, 2024 — The Exchange Traded Funds, Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF (the “ETFs”) have officially launched on the Hong Kong Stock Exchange today. In respect of the ETFs, Bosera Asset Management (International) Co., Limited and HashKey Capital Limited are the Investment Manager and Sub-Investment Manager respectively. The ETFs are part of the first batch of Bitcoin and Ether spot ETFs to launch in a major financial hub in Asia and they are now listed under the tickers  BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD) respectively.

One of the key features of these ETFs is that they introduce an ‘in-kind’ subscription mechanism, which allows investors to directly subscribe for ETF shares using Bitcoin and Ethereum. Investors can purchase the ETFs with Bitcoin or Ethereum and subsequently sell them for cash, or vice versa, enabling seamless two-way investment flexibility.

Additionally, the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF track the CME CF Bitcoin Reference Rate – Asia Pacific Variant and the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant respectively.

“The launch of the Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF marks a significant leap forward in democratizing access to cryptocurrencies,” said Deng Chao, CEO of HashKey Capital. “These innovative ETFs not only provide a convenient entry point for investors but also underscore our commitment to driving innovation in the virtual asset ecosystem.”

Importantly, non-Hong Kong nationals can also subscribe for or purchase units in the ETFs if they meet local regulatory requirements, such as passing customer due diligence.

The Bosera HashKey Bitcoin ETF and Bosera HashKey Ether ETF are now available for trading on the Hong Kong Stock Exchange.

Note: The tickers BTC: 3008.HK (HKD); 9008.HK (USD) and ETH: 3009.HK (HKD); 9009.HK (USD)are now officially listed on the Hong Kong Stock Exchange (HKEX).

About HashKey Capital

Global in influence and crypto-native, HashKey Capital is a digital asset and blockchain leader helping institutions, founders and talents advance the blockchain industries.

As one of the largest crypto funds and the earliest institutional investor in Ethereum, HashKey Capital has managed over US$1 billion in client assets since its inception, with over 500 investments in infrastructure, tools, and applications.

With our deep knowledge across the blockchain ecosystem, HashKey Capital has built a robust network connecting founders, investors, developers, and regulators.

For media enquiries, please contact [email protected] ; [email protected] 

SOURCE HashKey Capital

BENTONVILLE, Ark., April 29, 2024 — FortySix Venture Capital LLC (46VC), a venture capital management firm with offices in Bentonville, AR and Tulsa, OK, is proud to announce the launch of Dickson & Main Fund I. The fund is managed by a team of experienced investors at 46VC and will target early-stage tech founders with a strategic connection to the University of Arkansas and wider Arkansas entrepreneurial ecosystem. The Office of Entrepreneurship and Innovation (OEI) at the University of Arkansas (UofA) will serve as UofA’s liaison to Dickson & Main, playing a supportive role to build awareness of the importance of early-stage investment and to ensure that students have educational opportunities to participate in the due diligence process and other aspects of fund management through OEI’s Venture Intern Program.

Dickson & Main will back founders affiliated with the university and entrepreneurial ecosystem with funding and help them harness the power of the university community. “For an early-stage founder, access to capital can be a major challenge in an ecosystem outside of the country’s coastal tech hubs,” said Phil Shellhammer, Executive Director of Office of Entrepreneurship and Innovation. “By recruiting investors who care about Arkansas and investing in startups that are part of our ecosystem, Dickson & Main will fill an important gap, while providing a platform for our students to learn about this dynamic career path in finance.”

As the fund manager, 46VC has developed a low-friction way for investors to support the university community as well as the vibrant regional tech economy that will be open to all accredited investors. “This is a way for private investors to get unique exposure to technology associated with a fantastic Carnegie R1 research university and incredibly powerful ecosystem,” said Connor Sitton, of 46VC. “The opportunity to plug directly into technologies in verticals such as Retail Value Chain, Logistics, Ag-tech, Health tech and several others is unrivaled. All the top founders in these verticals will want Dickson & Main on their cap tables, which will further augment the power of the network.” The fund utilizes an innovative structure that shares a substantial portion of the manager’s carried interest returns with OEI in the form of a donation, creating an evergreen resource for the university’s entrepreneurship and innovation initiatives. The structure allows investors to have the ability to achieve investment returns in a very sought-after asset class while also creating a sustainable future for OEI to ensure its mission continues to thrive.

For more information on the Dickson & Main Fund I and how to get involved, please contact Connor Sitton at [email protected] or 918-629-4554.

About the U of A Office of Entrepreneurship and Innovation

The Office of Entrepreneurship and Innovation creates and curates innovation and entrepreneurship experiences for students across all disciplines. Through the Brewer Family Entrepreneurship Hub, McMillon Innovation Studio, Startup Village and Greenhouse at the Bentonville Collaborative, OEI provides free workshops and programs — including social and corporate innovation design teams, venture internships, competitions and startup coaching. A unit of the Sam M. Walton College of Business and Division of Economic Development, OEI also offers on-demand support for students who will be innovators within existing organizations and entrepreneurs who start something new.

About 46VC

46VC is a venture capital fund manager with offices in Bentonville, Arkansas and Tulsa, Oklahoma. 46VC has a strategy to leverage large networks and invest in startups and technologies in the heartland region where it has unique access to deal flow and domain expertise. For media inquiries, please contact Kate Lynn at 817-851-8036 or [email protected].

For more information on 46VC please visit the firm’s website at www.46.capital

SOURCE FortySix Venture Capital LLC

Perceptive Xontogeny Venture Funds Leads Financing to Support Development of Accommodating Intraocular Lens (A-IOL) Through First-in-Human Trials, Paving the Way to Transform Cataract Surgery’s Standard of Care

BOSTON, April 29, 2024 — Adaptilens, Inc., a pre-clinical company dedicated to transforming the standard of care for cataract surgery, today announced the closing of a Series A financing round of $17.5 million led by Perceptive Xontogeny Venture Funds (PXV Funds), with additional investments from Pillar VC, 380 Cap, and Accanto Partners. The capital will drive the development of the company’s Accommodating Intraocular Lens (A-IOL), the first and only biomimetic intraocular lens, through first-in-human trials.

The Series A follows an earlier seed round of $1.6 million led by Pillar VC with participation from Accanto Partners and additional awards from the Harvard President’s Innovation Challenge and the Massachusetts Life Sciences Center Initiative for Women Entrepreneurs.

Adaptilens’s mission is to revolutionize cataract surgery by restoring vision to its youthful state. The National Eye Institute expects the number of Americans with cataracts to double by 2050, from 24 million to approximately 50 million. Annually, more than 4 million Americans undergo cataract surgery. The current standard of care for cataract surgery entails replacement of the cataractous lens with a flat, monofocal lens that allows clear vision at either near or far distance, but not both. The Adaptilens A-IOL is a novel, flexible, artificial lens that imitates the human lens by responding to the eye’s natural signal to focus. Restoring clear near, intermediate, and distance vision — unaided by eyeglasses or contact lenses — will provide people with a significant quality of life-enhancing improvement to the current standard of care.

“The young, healthy, human eye is perfectly designed, and its soft, flexible lens is what allows the eye to change power for a full range of vision. Our goal is to provide the growing number of people who need cataract surgery with a biomimetic option that restores youthful vision. This funding is meaningful as it enables our exceptional team to accelerate the development of our best-in-class A-IOL,” commented Liane Clamen, MD, Adaptilens Founder and Chief Executive Officer. “We’re grateful to PXV Funds and our entire investor base for recognizing the transformative potential of Adaptilens.”

“We’re compelled by Adaptilens’s innovative and elegant technology, which lies in their novel A-IOL design and proprietary polymer materials,” said Gianna Hoffman-Luca, PhD, Senior Principal, Venture at Perceptive Advisors and Partner at Xontogeny. “Equally inspiring is the Adaptilens team of experts’ unwavering dedication to developing the best-in-class A-IOL, a game-changing solution for the burgeoning millions of people needing cataract surgery. We’re excited for Adaptilens to join our portfolio of companies and to support them in their next phase of growth from pre-clinical to clinical.”

ABOUT ADAPTILENS
Adaptilens, Inc. is a privately held, pre-clinical biotech company focused on transforming the standard of care for cataract surgery. A soft and flexible Accommodating Intraocular Lens (A-IOL), the Adaptilens A-IOL is the first and only biomimetic intraocular lens that responds to the eye’s natural signal to focus, thus eliminating the need for eyeglasses or contact lenses. Our mission is to revolutionize cataract surgery by restoring vision to its youthful state.  Adaptilens is based in Boston, Massachusetts. For more information, go to https://adaptilens.com.

ABOUT PERCEPTIVE XONTOGENY VENTURE FUNDS
The Perceptive Xontogeny Venture Funds (“PXV Funds”) are Perceptive Advisors’ investment vehicles focused on early-stage, private venture investments in life sciences companies. Primary investments for PXV Funds include companies that are seeking a lead investor for private financings, which include both companies that are seeded and incubated at Xontogeny, and companies that are seeded and incubated by other organizations, accelerators and seed investors. The PXV Funds are also open to participating in syndicated private financings as a co-lead or passive investor with other venture capital firms. For more information, visit www.perceptivelife.com.

SOURCE Adaptilens, Inc

LOS ANGELES and MANILA, Philippines, April 29, 2024 — Talino Venture Studios, an award-winning global venture studio for sustainable innovation, and Chemonics International, a leading sustainable development firm, have launched and seed-funded Higala, the pioneer startup Inclusive Instant Payment System (IIPS) in the Philippines.

As an IIPS, Higala will serve as a financial superhighway that will connect thrift banks, rural banks, and microfinance institutions that are currently excluded from payment networks because of high switching and on-ramp costs.

Despite the presence of 400 rural banks in the Philippines, only a mere 18 are part of InstaPay. This highlights a significant challenge: the lack of interoperability among these banks. As a consequence, the full potential of financial inclusion remains largely untapped, depriving many Filipinos of the benefits that modern banking technologies can offer.

“Higala will help modernize our country’s digital financial infrastructures and enable the participation of financial institutions through our network. Our goal is to make banking more inclusive, especially to the underserved segments of the population that have limited access to traditional banking services,” Higala President and CEO Vice Catudio said.

Higala promotes inclusion by lowering the cost of real-time payments, which helps financial institutions to reasonably price their instant payments. It also aims to provide inclusive financial solutions to the underbanked as well as rapidly enable merchants to accept digital payments.

“Through Higala’s open payment platform and suite of solutions, we will enable new market players to aggressively develop and market innovative payment services to both consumers and merchants,” said Catudio.”This includes integrating solutions such as regulatory technologies like e-KYC and AML-TF monitoring, AI-based risk detection and management, banking microledgers, payment hub that will enable instant fund transfer across participating banks, and a global transaction gateway for remittance,” he adds.

Higala is also building a core instant payment technology that can accommodate financial institutions of all sizes and turn banks into digital banks through white label app services.

Sustainable development
“At Talino, we are committed to the sustainable execution of development that benefits all stakeholders, especially the unbanked,” said Talino CEO Winston Damarillo. “With Talino and Chemonics providing funding for Higala, we bring together the impact of venture investing and global good to expand the benefits of financial inclusion to segments that need them most.”

“We are excited to embark on a new journey with Higala, a testament to our commitment to innovation and financial inclusion in the Philippines and other dynamic markets across the globe. Drawing from three decades of impactful partnerships and success in the economic growth space in the Philippines, Higala embodies our vision for affordable, real-time transactions accessible to all Filipino communities,” said Chemonics President and CEO Jamey Butcher.

The first deployment of Mojaloop in Asia
Higala leverages the open payment platform of Mojaloop Foundation, a nonprofit dedicated to boosting financial inclusion through its open-source software called Mojaloop. With Mojaloop’s open payment framework, Higala facilitates seamless connectivity among various financial entities, including banks, institutions, payment gateways, merchants, and the central bank. This approach enhances affordability and accessibility in financial transactions.

“With the pioneering deployment of Mojaloop open source software in Asia through our collaboration with Talino’s Higala, the Mojaloop Foundation reaffirms its commitment to breaking down barriers and empowering communities through financial inclusion. Together, we’re not just revolutionizing payment systems; we’re unlocking opportunities, fostering resilience, and building a future where financial access knows no bounds,” said Mojaloop Foundation Executive Director Paula Hunter.

“We want to ensure that everyone is fully banked by lowering the bar of obtaining bank accounts, lowering the friction cost for digital payments, encouraging merchants to accept them, and empowering all financial institutions to be able to provide it to their constituents, especially rural banks,” said Damarillo.

Backed by BSP and industry leaders
BSP Deputy Governor Mamerto E. Tangonan said, “The BSP supports continued efforts to enhance the efficiency of the national payment system and help modernize the Philippines’ digital payments infrastructure as part of our ongoing efforts to bring more users into the digital payments system.”

Tangonan adds, “Adopting modern technologies such as artificial intelligence, machine learning, and compliance with global standards like ISO 20022 can help payment service providers offer new services, improve customer experience, and make digital transactions more safe and secure.”

Aside from BSP, Higala’s partners and collaborators include the Rizal Commercial Banking Corporation, Xendit, FinTech Alliance.Ph, and the Rural Bankers Association of the Philippines.

“We are committed to inclusivity, affordability, and the innovative approach to transaction management and settlements. Higala provides efficiency and equitability to fully support the nation’s move towards comprehensive financial inclusion,” Catudio said.

About Talino

Talino Venture Studios is an award-winning global venture studio for inclusive fintech. Born in the intersection of Silicon Valley and Southeast Asia, Talino Venture Studios is on a mission to bridge financial inclusion for over 1.7 billion people around the world. It uses the successful venture studio model to build repeatable, scalable, and profitable fintechs that empower underserved, underrepresented groups around the world with financial access and mobility. Talino Ventures Studios (talinolabs.com)

About Chemonics

Founded in 1975, Chemonics is one of the world’s leading global sustainable development consulting firms. With over 6,000 experts in more than 100 countries, 90% of its staff are working in a community they have long-considered home. Chemonics collaborates with communities across the globe to identify and apply innovative, sustainable solutions to the world’s biggest challenges. Where Chemonics works, development works. www.chemonics.com

About the Mojaloop Foundation

The Mojaloop Foundation’s mission is to increase financial inclusion by empowering organizations creating interoperable payment systems to enable digital financial services for all. To achieve its mission, Mojaloop Foundation operates as a 501(c)(3) charitable nonprofit organization, maintaining its free, open source software, Mojaloop, and community as public goods in the service of financial inclusion. Merchants, banks, providers, government offices and other entities looking to build inclusive payments platforms can use Mojaloop – whole, adapted or as a real-time payments reference model. For more information about the Mojaloop Foundation, visit https://mojaloop.io/.

SOURCE Chemonics International

SAN FRANCISCO, April 26, 2024 — Hinkal, a multi-chain privacy layer for confidential decentralized finance (DeFi) transactions, today announced a $1.4 million strategic funding round led by SALT Fund, with participation from Draper Associates, SNZ and Peer VC. Additionally, Tal Cohen, CEO of Kraken US, joined the company advisory board.

The raise follows the close of Hinkal’s $4.1M seed funding round in November of 2023. With surging demand from institutional clientele, this strategic funding will be used to bring liquid funds, VCs, family offices and founders of projects to Hinkal’s confidential infrastructure.

As institutional investors expand their presence in crypto markets they are increasingly looking to decentralized exchanges to take advantage of price discovery and asset control these platforms provide. However, DeFi does not provide privacy these traders are accustomed to in traditional financial markets. As crypto analytics platforms have become more complex, the pseudonymous nature of DeFi presents risks of copy trading and front running for liquid funds, VCs, and protocol founders willing to liquidate their token positions.

“The influx of institutional capital into crypto markets is a landmark event for the maturity of the industry,” said Georgi Koreli, CEO of Hinkal. “Hinkal is solving a critical need in the crypto space by providing institutional investors with the additional layer of anonymity they require to participate in DeFi markets. This strategic funding round will allow us to accelerate the development and adoption of our groundbreaking privacy solution.”

Hinkal is a zero knowledge (ZK)-protocol that addresses these issues by enabling end-to-end and secure confidentiality for DeFi transactions. Leveraging a combination of self-custodial private addresses and relayers, Hinkal transforms the way on-chain trading operates as the only transaction that can be seen on block explorers or analytics platforms is the execution of a relayer – no wallet addresses attached. This allows liquid funds, VCs and retail investors to make confidential transactions within the protocol without experiencing price slippage or market impacts.

Additionally, Hinkal provides a best-in-class solution for venture capital and founding teams looking to liquidate vested tokens in a private and secure environment. As the industry has grown and matured, these stakeholders have traditionally struggled with token vesting and liquidations, as this process often results in adverse price impacts that dilute net settlement and sends mixed messages to the community. With Hinkal, VCs and teams can receive any vested token directly into a private Hinkal address and liquidate privately without these impacts to the market.

AJ Scaramucci, Founder and Managing Partner of the SALT Fund, commented on the news, “The SALT Fund is dedicated to supporting projects that drive innovation for institutional investors. Hinkal is a breakthrough protocol addressing crucial pain points for institutional funds, founders, and VCs alike by enabling them to execute private DeFi trading strategies and liquidate vested tokens in a way that doesn’t disrupt the broader market. This is a game-changer for the industry and will unlock significant value for these stakeholders.”

Underpinning Hikal is a full suite of compliance and security solutions to further support institutional users of DeFi protocols. Hinkal requires KYC(B) (Know Your Customer/Business) verification for users to prevent illicit parties from using the protocol while simultaneously providing a frictionless experience via reusable attestations at exchanges like Coinbase and Binance. Audited by major firms including Quanstamp and Zokyo, Hinkal provides a secure trading experience and real-time threat mitigation with Hexagate.

About Hinkal
Founded by Stanford grad Giorgi Koreli and his Ph.D. brother, Nika Koreli, Hinkal enables privacy of transactions and assets across core DeFi apps and functions, including trading, farming, staking, and lending through the use of stealth addresses and with high degree of compliance.

Hinkal is a ZK-based solution that provides a private smart contract wallet experience, allowing users to participate in their favorite dApps directly from their private addresses without the need to withdraw assets for obfuscation.

Media Contact: [email protected]

SOURCE Hinkal

New Capital will be Used to Expand to New Sites and Invest In Precision Medicine Platform

SAN FRANCISCO, April 26, 2024 — Amae Health, a trailblazer in delivering patient-centered care for people with severe mental illness, announced today the successful closing of its oversubscribed $15 million Series A funding round. The round was led by Quiet Capital and included a significant investment from Healthier Capital, founded by Amir Dan Rubin, the former CEO of One Medical. Other investors in the round included Baszucki Group, Index Ventures Managing Partner Mike Volpi, and all of Amae Health’s original seed investors – Bling Capital, 8VC, Virtue and Able Partners. Amae Health will use the new capital to fuel its mission to revolutionize care for severe mental illness (SMI) through its innovative, psychiatry-led model.

Severe mental illness is defined as a mental, behavioral, or emotional disorder resulting in serious functional impairment, which substantially interferes with or limits one or more major life activities. According to the National Institute of Health, there are an estimated 14.1 million adults aged 18 or older in the United States with SMI, while annual deaths by suicide and drug overdose in the United States have also increased 322% since 2001.

Amae Health is a value-based care provider specializing in severe mental illness, providing integrated long-term care and delivering transformative change in the lives of those with SMI. The company’s commitment to innovation has significantly improved patient care and outcomes, demonstrated by its rapidly expanding customer base and strategic partnerships with leading healthcare providers and insurers. By engaging in these value-based care partnerships, Amae Health’s innovative model not only improves patient outcomes, but also aligns incentives and drives lasting impact in a cost-effective manner.

Amae Health’s inaugural clinic in Los Angeles demonstrates has significantly outperformed the general standard of care across several key metrics, including a notable reduction of 30-day emergency room readmissions, and over 85% medication adherence compared to an industry average of 53%. Additionally, Amae Health has an 80% retention rate, showcasing the effectiveness of patient engagement and treatment adherence. Amae Health’s care model includes a phased approach to care, tailored to each patient’s needs, building a lifelong partnership with patients to manage their condition.

Amae Health is also going to be working on several research collaborations to advance the knowledge of treatment for severe mental illness, including an upcoming study with UCLA and Apple on Digital Sensing for SMI Patients. Amae Health is also working on a ketogenic study for the SMI population in collaboration with the Baszucki Group to further explore the benefits of metabolic psychiatry. Amae Health also announced that they will leverage Palantir to develop a precision medicine platform to advance the field of psychiatry as a whole.

“Amae Health is working to change the paradigm of care for people who have severe mental illness.  Our psychiatry-led approach recognizes the unique needs of our patients and provides personalized treatment across behavioral medicine, primary care, and social health to help our patients and families stabilize, prosper, and prevent future adverse events,” said Sonia Garcia, co-founder and Chief Product Officer.

“The successful closing of our Series A is a major milestone and vote of confidence from the investment and health care communities. We are poised for significant growth and development of our data platform to improve patient outcomes and serve as a leading model for tailored integrated care.” Garcia added.

Amae Health is deeply personal for its co-founders, Stas Sokolin and Sonia Garcia. Sonia lost her father to suicide when she was 16 and served as a caregiver for her brother, who battles with schizoaffective and bipolar disorder. Both Stas’ father and sister also battle with bipolar disorder.

“Severe mental illness is a chronic condition requiring lifelong, adaptive care. By focusing on the individual as a whole person and addressing their long-term needs, we create lasting change for our members. As a long-term care provider, we have built the infrastructure to be a research organization, driving the field of psychiatry forward. In the coming months, we will be launching several groundbreaking research trials to further advance the understanding and treatment of SMI,” said Stas Sokolin, co-founder and CEO.

“Amae Health has developed a solution for SMI that improves patient outcomes and experience and significantly reduces costs for payers and hospital systems. Amae’s first clinic has shown incredible results and we’re excited for the potential to scale to hundreds of thousands of patients. We are incredibly proud to have led the company’s Series A and support this meaningful mission,” said David Greenbaum, Partner at Quiet Capital.

“Even as severe mental illness challenges our society, we lack modernized approaches to coordinated care – Amae Health delivers such a model with breakthrough performance in outcomes. I am thrilled to be part of this extraordinary team at this critical moment to make a transformational impact in the treatment of severe mental illness,” said Amir Dan Rubin, CEO and Managing Partner at Healthier Capital.

Through the integration of clinical services, support services, and a data-driven approach, Amae Health is setting a new benchmark in SMI care, positioning itself as a leader in the field and paving the way for scalable, effective treatment solutions in one of healthcare’s most challenging areas.

About Amae Health

Amae Health is a leading innovator in mental health care, committed to improving the treatment and care of severe mental illnesses through a value-based, psychiatry-led model. By integrating comprehensive care teams and leveraging cutting-edge technology, Amae Health aims to deliver transformational outcomes for patients and create a new standard for mental health care.

Media Contact:
Josh Vlasto
[email protected]

SOURCE Amae Health

SAN FRANCISCO, 26 aprile 2024 — Movement Labs, un team di sviluppo blockchain con sede a San Francisco, ha ottenuto 38 milioni di dollari in un round di finanziamento di serie A guidato da Polychain Capital. Il finanziamento sosterrà la missione dell’azienda di portare la Move Virtual Machine di Facebook su Ethereum, affrontando le vulnerabilità dei contratti intelligenti e migliorando il throughput delle transazioni.

Il round di investimento ha visto la partecipazione di importanti società di venture capital tra cui Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5 e Aptos Labs, dimostrando una forte fiducia del settore nell’ecosistema di Movement.

Fondata nel 2022, Movement Labs mira ad affrontare le principali vulnerabilità dei contratti intelligenti all’interno dell’ecosistema Ethereum, introducendo al contempo un nuovo ambiente di esecuzione progettato per oltre 30.000 transazioni al secondo (TPS). Sfruttando un interprete di bytecode completamente compatibile con EVM ed Ethereum per il pagamento, la blockchain di layer 2 Zero-Knowledge di Movement porterà parallelizzazione e sicurezza dei contratti intelligenti agli utenti che desiderano rimanere all’interno dell’ecosistema Ethereum.

Tra il 2022 e il 2023, gli hacker hanno sfruttato contratti intelligenti per oltre 5,4 miliardi di dollari, colpendo i principali protocolli, come Curve e KyberSwap, attraverso comuni attacchi di rientro. Move-EVM di Movement consente agli sviluppatori di Move e Solidity di distribuire codice completamente verificato in fase di esecuzione, impedendo l’esecuzione di vettori di attacco come la reentrancy. Il team lo chiama “approccio integrato”, in cui più elementi modulari come il sequenziamento condiviso, i dimostratori di verifica formale incorporati, la disponibilità alternativa dei dati e il pagamento con Ethereum possono combinarsi per alimentare un’unica blockchain, migliorando la sicurezza e le prestazioni.

“I due maggiori problemi dell’infrastruttura blockchain al momento sono la scarsa esperienza utente e lo sfruttamento dei contratti intelligenti”, ha affermato il cofondatore di Movement, Rushi Manche. “Il co-fondatore Cooper Scanlon e io abbiamo iniziato a costruire Movement per aumentare la velocità dell’innovazione nel settore delle criptovalute, dove il prossimo Facebook potrà essere costruito on-chain da sviluppatori che non hanno le risorse per grandi team di sviluppo e costosi revisori dei conti. Move affronta le carenze di Solidity e lo stiamo introducendo sul mercato in modo cripto-nativo.”

Oltre al più importante Movement L2, Movement Labs introdurrà anche Move Stack, un framework a livello di esecuzione compatibile con molti dei framework rollup di aziende come Optimism, Polygon e Arbitrum. La visione del team è quella di collaborare con altri player di Ethereum per estendere l’esecuzione di contratti intelligenti per gli utenti di tutte le reti e unificarli con un’implementazione di sequenziatore condiviso.

“Mentre l’obiettivo principale della maggior parte degli altri team di rollup è la scalabilità, l’intuizione chiave di Movement è che la scalabilità da sola non è il motivo per cui non abbiamo ancora visto un’adozione di massa. MoveVM offre un’esperienza di sviluppo intuitiva, resistente ai bug e altamente scalabile. Unendo questi vantaggi con gli effetti di rete e le garanzie di sicurezza di base dell’ecosistema Ethereum, crediamo che Movement possa costruire un ecosistema fiorente che ospita una nuova generazione di applicazioni tradizionali”, ha affermato Bobby Beniers di Polychain in una nota.

Il team aveva in precedenza annunciato un round pre-seed da 3,4 milioni di dollari nel settembre 2023. Gli utenti potranno interagire con la sua rete quest’estate.

Per ulteriori informazioni su Movement Labs e per ottenere una guida sulla partecipazione al devnet, visitare: movementlabs.xyz, o seguire l’azienda su X @movementlabsxyz e su Discord.

Informazioni su Movement Labs: 
I co-fondatori, Rushi Manche e Cooper Scanlon, i primi costruttori dell’ecosistema Move, hanno fondato Movement Labs nel 2022 come prima rete blockchain integrata, alimentando il Layer 2 più veloce e sicuro su Ethereum. Progettato per abbinare la sicurezza dei contratti intelligenti e la parallelizzazione con la liquidità EVM e le basi di utenti, Movement sta portando MoveVM su Ethereum attraverso il suo L2 principale e rollup collegati con Move Stack.

Contatto per i media:
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