ATLANTA, 15 de noviembre de 2023 — Cyble anunció la finalización exitosa de su ronda de financiación de la serie B, asegurando otros USD 6.2 millones. En julio, Cyble había asegurado USD 24 millones en el tramo inicial de su financiación serie B. Con esta última inversión, la empresa cerró oficialmente toda la ronda de financiación de USD 30.2 millones.  

Summit Peak Ventures (Estados Unidos) y King River Capital (Estados Unidos) encabezaron esta iniciativa de financiación, con contribuciones de Care Super (Australia) y BlackBird Ventures (Australasia), junto con otros inversionistas importantes. Este reciente hito de financiamiento destaca el creciente apetito por soluciones de inteligencia de amenazas de IA de vanguardia en la industria.

“Nuestra misión en Cyble es democratizar la inteligencia de ciberamenazas, para enfrentarlas de manera directa, y este financiamiento nos impulsa aún más hacia ese objetivo”, señaló Beenu Arora, Cofundador y Director Ejecutivo de Cyble.

“Nos entusiasma contar con el apoyo inquebrantable de una base de inversionistas ampliada que comparta nuestros objetivos y valores. La frontera digital del mundo demanda innovación, y la confianza de nuestros inversionistas impulsa nuestra incesante búsqueda de ciberseguridad impulsada por IA de vanguardia”, agregó.

Manish Chachada, Cofundador y Director de Operaciones de Cyble, comentó: “Esta infusión de capital es un voto contundente de confianza en la visión de Cyble de rediseñar el panorama de la ciberseguridad a través de la aplicación precisa de la tecnología de IA y ML”.

Cyble ha sido pionera en la rápida evolución de las soluciones impulsadas por la IA y ML que mejoran la precisión y los informes. La firma está entrando en su siguiente fase de crecimiento con un enfoque renovado en acelerar las iniciativas de I+D para avanzar aún más en su cartera de inteligencia de amenazas con Cyble Vision (inteligencia de ciberamenazas impulsada por IA) y Cyble Hawk (investigación de ciberamenazas impulsada por IA para organismos federales). También tiene como objetivo una mayor expansión global y establecer sólidas alianzas con Odin (motor de búsqueda de activos escaneados por Internet) y AmIBreached (monitoreo de la exposición a la Dark Web) de Cyble para mejorar su postura y ofertas en ciberseguridad.

Acerca de Cyble 

Cyble es la empresa de ciberseguridad de más rápido crecimiento en el mundo, que ofrece la cobertura más completa entre adversarios, infraestructura, exposición, debilidades y objetivos.

Cyble aprovecha la IA y el ML para permitirle a los gobiernos y a las empresas a que protejan a sus ciudadanos e infraestructura al ofrecer inteligencia crítica oportuna.  

Cyble tiene una presencia global, con sede en Atlanta, Georgia y oficinas en Australia, Malasia, Singapur, Dubái, Arabia Saudita e India. Para obtener más información sobre Cyble, visite http://www.cyble.com/request-demo

Contacto para los medios: 
Cyble Inc
[email protected]
Tel.: +1 678 379 3241

Fotografía: https://mma.prnewswire.com/media/2276181/Cyble_Series_B.jpg
Logo – https://mma.prnewswire.com/media/2276182/Cyble_Logo.jpg

FUENTE Cyble Inc.

Series B investment supports deployment of Element Energy’s adaptive battery management systems as battery storage market soars 

MENLO PARK, Calif., Nov. 14, 2023 — Element Energy (“Element”), a Menlo Park-based Battery Management Technology company, today announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. (“Keyframe”). 

The Series B round is co-led by one of the largest clean energy generation companies in the U.S. and Cohort Ventures. Mitsubishi Heavy Industries, Ltd. (MHI), Drive Catalyst, FM Capital, and AFW Partners joined the Series B round, along with existing investors LG Technology Ventures, Edison International (NYSE: EIX), Prelude Ventures, and Radar Partners. Debt and equity capital was provided by Keyframe, an investor with a broad mandate seeking to solve capital market challenges to unlock growth and propel innovation.

Founded in 2019, Element has developed proprietary hardware and software algorithms applicable to both first and second life batteries to improve visualization, battery safety, and efficiency. Element’s technology is being validated on a large scale with a 50 MWh pilot project in the United States, which is expected to be completed in early 2024. Element will collect necessary data through its pilot project, obtain UL certification, and proceed to commercialize the product.

Dr. Tony Stratakos, CEO and Co-Founder, Element Energy, said, “We founded Element with the mission to speed the adoption of clean energy with technology honed in the semiconductor industry. Seeing a soaring number of new battery storage installations, our market-leading partners are realizing the value of improving the safety, lifetime and efficiency of batteries. With the additional capital and global partnerships from our Series B, we will further invest in and deploy our technology across target markets and applications, including SaaS for existing and new energy storage systems, hardware and software for new energy storage systems, and full battery energy storage systems using second life batteries.”

Stratakos continued, “We have received and screened nearly 2 GWh of second life batteries to date and are diligently working with our partners towards deployment in utility-scale applications before the end of the year.”

MHI is investing in Element to advance MHI’s battery energy storage system technology and supply chain. MHI and Element also signed a memorandum of understanding (MOU) to develop affordable power system solutions for behind-the-meter applications.

“MHI is committed to the energy transition, and energy storage systems are an important piece of the energy transition equation. MHI is pleased to invest in Element Energy for their outstanding diagnostic and management technologies. We look forward to ongoing collaboration with Element Energy to provide affordable energy solutions in the behind-the-meter space worldwide,” said Shin Gomi, General Manager in Business Development, Growth Strategy Office of MHI.

In addition to deploying its technology to first and second life battery projects, Element will deploy its software as a service with a leading battery O&M provider. Element is also reviewing opportunities to apply its technology to electric vehicle batteries.

Mark Norman, Managing Partner of FM Capital, said, “FM Capital has been impressed by the team at Element since our first meeting. Element’s patented technology dramatically improves battery pack performance, safety and useful life, reducing cost, weight and warranty expense for automotive customers. FM Capital is excited for Element to apply their solution in automotive EVs as well as second life applications for battery reuse.” 

Juliana Pidner Hsu, Managing Director of Drive Catalyst, the Corporate Venture Capital Arm of the Far Eastern Group, said, “As one of Taiwan’s largest and most diversified conglomerates, Far Eastern Group is fully committed to decarbonizing operations and propelling green energy development. Energy storage may be one of the most critical areas for the energy transition blueprint of our Group. We believe and support Element Energy’s efforts in making battery storage systems more reliable, efficient, and sustainable.” 

Ethan Goldsmith, Partner, Keyframe Capital, said, “We are thrilled to support Element Energy as they leverage their proprietary hardware and battery management system to both dramatically improve battery system performance, including energy throughput, system life, and economics and enable second life batteries to safely and efficiently be repurposed in stationary storage applications.”

Ethan continued, “Between the incentives provided in the IRA (Inflation Reduction Act), raw material supply chain fluctuations and uncertainty, and environmental benefits, we believe a circular economy is critical for the battery supply chain to flourish. Element Energy enables a second life for batteries on their path through this emerging industry.”

About Element Energy
Element Energy is an advanced battery management technology company founded in 2019 and headquartered in Menlo Park, California. We utilize proprietary hardware and software algorithms to improve the safety, intelligence, and economics of large-format battery systems. We seek to offer our technology solutions broadly across first and second life energy storage and EV applications. Our shareholder base includes world-renowned renewable energy technology suppliers, asset owners, developers and investors. To learn more about Element Energy, visit ElementEnergy.com.

SOURCE Element Energy

WESTPORT, Conn., Nov. 14, 2023 — Balance Point Capital Advisors, LLC (“Balance Point”), in conjunction with its affiliated fund, Balance Point Capital Partners IV, L.P., is pleased to announce its follow-on investment in CraneTech Inc. (“CraneTech” or the “Company”), a portfolio company of Steel River LLC (“Steel River”). Balance Point delivered a flexible financing solution that facilitated CraneTech’s acquisition of Ameracrane and Hoist (“Ameracrane”).

Founded in 2004 and headquartered in Stockton, CA, CraneTech is a leading provider of overhead crane inspection, maintenance, and manufacturing services across the U.S. CraneTech serves a variety of customers and end markets, including the manufacturing, aerospace & defense, automotive and metals industries, among others. The Company was acquired in 2021 by Steel River, which is a permanent holding company created to build the next generation of industrial services businesses across the lower middle market.

Headquartered in Tulsa, OK, Ameracrane is a regional leader in the Oklahoma overhead crane market. Over the last two decades Ameracrane has built a strong reputation amongst its 350+ customers as a quality provider of new equipment, service, and parts. The acquisition of Ameracrane presents a meaningful opportunity to add geographic diversity and scale to the existing CraneTech platform.

“Balance Point is pleased to continue its partnership with CraneTech and Steel River on this transaction,” said Seth Alvord, Managing Partner at Balance Point. “We believe this transaction will significantly bolster the strength of the CraneTech platform and we look forward to continued growth from the team.”

Austin King, CraneTech CFO and Co-Founder of Steel River, said “Balance Point’s understanding of our business, long-term alignment, and capital flexibility have been instrumental to both our organic and inorganic growth initiatives over the last year. We look forward to integrating Ameracrane into the CraneTech platform and continuing to execute on our growth objectives with Balance Point’s support.”

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.

Media Contact: 
Justin Kaplan, Partner 
Office: (203) 652-8264 
Email: [email protected]

SOURCE Balance Point Capital

Second production run with new accessories arrives just in time for the holidays

CLEVELAND, Nov. 14, 2023 — Cleveland-based electric mobility and portable battery manufacturer LAND announces the second production run of The District is available now. The second run of electric motorcycles will offer the same Cleveland-made quality, versatile design and lightweight profile, but features new performance and lifestyle accessories and a lower price.

“Incoming investment has helped us stabilize and scale production and grow our sales network, and in turn, lower costs,” LAND Founder and CEO Scott Colosimo says. “When we prioritize in-house design and innovation, it’s a win for everyone— our customers, our investors and our team.”

LAND’s flagship e-Moto, The District, is designed to give moto-enthusiasts and moto-curious full confidence in navigating between backroads, off-roads, and the highway. Weighing 200 pounds with a range of up to 120 miles, the e-bike is equipped with a swappable CORE battery that quickly charges with a wall outlet for worry-free commutes and three ride modes—e-bike (up to 25 mph), e-Moped (up to 40 mph) and e-Motorcycle (up to 70 mph)—for a simple and sustainable two-wheel experience.

Since closing a successful Series A funding round in September with the support of notable investors, LAND has increased the volume of bikes being manufactured at its headquarters located in the heart of Cleveland. Additionally, the company has introduced Vice President of Sales and Experience Cody Dumont to the team. While production and sales are steady, LAND’s Head of Design Evan Painter continues to focus on another top priority at LAND: improving the design of the bike and battery.

Performance upgrades of the second production run include the LAND brake system, a fully adjustable suspension and performance drive kits. Additional lifestyle features, like the onboard charger and Power Tap that converts the battery’s energy into a power station to charge other devices, enables riders to travel with a personal, portable energy grid to keep them running, whether they’re commuting or spending time outdoors or off-grid.

“LAND has a customer-first culture,” Painter says. “We think about the barriers people face to becoming a rider, whether it’s the size and weight of the bike or the price, and work to provide solutions to make it easy for everyone to experience electric mobility.”

The second production run of The District, priced at $6,995, is available now. For more information and financing options, with payments starting as low as $150 a month, visit landmoto.io.

About LAND
Founded in 2020 by Scott Colosimo in Cleveland, Ohio, LAND is based on the principle that energy continuity and mobility are essential to modern life. LAND provides a transitional eMoto ecosystem with a portable power platform (CORE), a game-changing approach in the light electric vehicle industry. With products proudly manufactured in Cleveland, LAND is unwavering in its belief in American ingenuity and world-class craftsmanship. As a design-forward company, LAND is dedicated to constantly evolving to meet the needs of their customers, everyday consumers and businesses looking for energy efficiency. 

Media Contact:
Falls & Co.
Kelly Maughan | [email protected] | 216-696-5694

SOURCE LAND

ATLANTA, Nov. 14, 2023 — Cyble announced the successful completion of its Series B funding round, securing an additional $6.2 million. In July, Cyble had secured $24 million in the initial tranche of its Series B funding. With this latest investment, the company has officially closed the entire funding round at $30.2 million.  

Summit Peak Ventures (US) and King River Capital (US) spearheaded this funding initiative, featuring contributions from Care Super (Australia) and BlackBird Ventures (Australasia), along with other key investors. This recent funding milestone underscores the surging appetite for cutting-edge AI threat intelligence solutions in the industry.

“Our mission at Cyble is to democratize Cyber Threat Intelligence, to confront cyber threats head-on, and this funding catapults us further toward that goal,” noted Beenu Arora, Co-founder and CEO of Cyble.

“We’re thrilled to have the unwavering support of an expanded investor base that shares our goals and values. The world’s digital frontier demands innovation, and our investors’ trust fuels our relentless pursuit of cutting-edge AI-powered cybersecurity” he added.

Manish Chachada, Co-founder, and COO of Cyble, commented, “This capital infusion is a resounding vote of confidence in Cyble’s vision to reshape the cybersecurity landscape through the precise application of AI and ML technology.”

Cyble has pioneered the rapid evolution of AI and ML-driven solutions that enhance accuracy and reporting. The firm is entering its next growth phase with a renewed focus on accelerating R&D initiatives to advance its threat intelligence portfolio further with Cyble Vision (AI-Powered Cyber Threat Intelligence) and Cyble Hawk (AI-Powered Cyber Threat Investigation for Federal Bodies). It is also aiming for further global expansion and establishing strong partnerships with Cyble Odin (Search Engine for Internet Scanned Assets) and AmIBreached (Dark Web Exposure Monitoring) to enhance its cybersecurity posture and offerings.

About Cyble

Cyble is the world’s fastest growing cybersecurity company which provides the most comprehensive coverage across adversaries, infrastructure, exposure, weaknesses, and targets.

Cyble leverages AI and ML to empower governments and enterprises to safeguard their citizens and infrastructure by providing timely critical intelligence.  

Headquartered in Atlanta, Georgia, and with offices in Australia, Malaysia, Singapore, Dubai, Saudi Arabia, and India, Cyble has a global presence. To learn more about Cyble, visit http://www.cyble.com/request-demo

Media Contact:
Cyble Inc
[email protected]
Ph: +1 678 379 3241 

Photo: https://mma.prnewswire.com/media/2276181/Cyble_Series_B.jpg
Logo: https://mma.prnewswire.com/media/2276182/Cyble_Logo.jpg

SOURCE Cyble Inc.

SUMMIT, N.J., Nov. 14, 2023 — Spark Car Wash, the premier express car wash operator in New Jersey, New York, and Pennsylvania, has raised $30 million of additional growth capital through a Series B round led by GoPoint Ventures.

The investment enables Spark to further develop its expanding store base by bringing modern, membership-driven car washes to a region rich with growth potential. Spark currently has three operating washes, four in active construction, and total pipeline visibility on over 32 locations. 

“Spark is dedicated to making car washing an energizing experience for everyone, from our loyal customers to our incredible team members. We achieve this through a constant commitment to quality, service, sustainability, and local community building,” says Kyle Van Decker, Spark’s Founder and CEO. “We are grateful for the support from both existing and new investors, and appreciate the shared passion for building Spark into a dominant leader in our markets.” 

The Series B funding round was led by current investor GoPoint Ventures, a venture capital firm focused on real assets, energy transition and climate tech, workflow solutions, and B2B software.

“Spark’s differentiated real estate strategy, large market opportunity, and operational excellence make this an exciting opportunity,” says David Zusman, Managing Partner at GoPoint Ventures. “The car wash industry has been ripe for innovation, especially here in the Northeast, and Spark is well positioned to take advantage of this opportunity. We’re thrilled to partner with such a highly talented leadership team.”

For more information, please visit sparkcarwash.com and/or for media inquiries, kindly reach out to [email protected].

About Spark Car Wash
Spark Car Wash, a high-tech, modern car wash chain founded in 2018, is led by a team of highly experienced car wash experts, clean freaks, and car lovers. Best known for its innovative technology, speed, conscious environmental choices, and community connections, Spark provides an energizing car wash experience that is both effective and efficient. Based in Summit, NJ, Spark is currently developing locations across New Jersey, New York, and Pennsylvania.

Media Contact:
Andrea Mullan / Andrea@victorypublicrelations.com

SOURCE Spark Car Wash

Led by the former CEO and CRO of Angi, the company’s proprietary technology helps retailers and brands quickly identify the best manufacturing partners in the world

NEW YORK, Nov. 14, 2023 — Keychain, a manufacturing platform for the packaged goods industry, today announced that it has raised $18 million in seed funding in a round led by Lightspeed Venture Partners, with participation from BoxGroup, Afore Capital, SV Angel, and over 20 CPG industry professionals.

By building the world’s first comprehensive platform for the CPG supply chain, Keychain is bringing clarity and convenience to the industry for the first time. Every year in the U.S. alone, $500 billion worth of packaged products are produced by more than 20,000 manufacturers—a deeply fragmented landscape dominated by trade shows, brokers, and manual, time-intensive vetting. Starting with a network of over 10,000 manufacturers, Keychain’s proprietary, AI-powered technology helps brands quickly find the perfect manufacturing partners.

Keychain is founded and led by a veteran team of operators, including Handy founders Oisin Hanrahan and Umang Dua, who guided the startup to a nine-figure exit to Angi before becoming, respectively, CEO and CRO of the newly combined company. They are joined by cofounder Jordan Weitz, who brings experience in the CPG sector from his time in private equity and venture capital.

“Brands and retailers want to create great products—healthy food, high-quality cosmetics, ethically-sourced coffee—but finding the right local and international manufacturing partners within the chaos of the current system often gets in the way,” said Oisin Hanrahan, Keychain Cofounder and CEO. “Both Umang and I are incredibly excited by what we’re building, because we believe that creating a more transparent supply chain ultimately means that shoppers around the world will find more outstanding products on store shelves.”

“We love what Oisin, Umang, Jordan and the team at Keychain are building,” said Raviraj Jain, Partner at Lightspeed Venture Partners. “They’re tackling a thorny, real-world problem with smart technology and a deep understanding of how to build a marketplace. Lightspeed is proud to lead Keychain’s seed financing and support them on their mission to create a more efficient, accessible supply chain for packaged goods.”

Moving forward, Keychain aims to help its partners navigate the entire manufacturing process, all the way from competitive intelligence and manufacturer sourcing, to terms negotiation, onboarding, and compliance.

While the company plans to open its platform to select retailers and brands in 2024, Keychain is currently available only to invited partners. Interested brands, retailers, and manufacturers can apply to join at www.keychain.com.

About Keychain
Keychain is a platform for CPG manufacturing that works with brands and retailers to bring clarity and convenience to the process of creating products that consumers love. Starting with a network of over 10,000 manufacturers, Keychain’s proprietary, AI-powered platform helps brands quickly find the perfect manufacturing partners. The company is based in New York City.

Media Contacts
Britta Mulderrig
[email protected]

SOURCE Keychain

This strategic partnership between Roambee and Central Soft represents a transformative leap forward in the realm of real-time supply chain visibility within the Japanese market, providing enterprises with unparalleled intelligence into their operations.

SANTA CLARA, Calif., Nov. 14, 2023 — Roambee, the global real-time supply chain visibility and intelligence provider announced a joint venture with Central Soft, a renowned Japanese software and services company. This collaboration marks the beginning of a groundbreaking digital transformation journey for the Japanese supply chain, as enterprises in Japan seeks to embrace the latest technological advancements in supply chain artificial intelligence (AI) & sensor-driven visibility to enhance business operations.

On the partnership, Sanjay Sharma, CEO of Roambee, stated, “Japan is an emerging market with enormous potential for digital transformation in the supply chain industry. We have been thrilled to witness the enthusiastic reception of the Roambee solution in Japan, where Global 2000 customers are already benefiting from our technology. To ensure Roambee’s success in Japan, it is crucial to address the specific requirements of Japanese customers. This includes localization, value-added services on top of the platform, and custom applications tailored to Japanese business practices and supply chain operations.”

By combining Roambee’s cutting-edge, AI-powered supply chain intelligence with Central Soft’s decades of experience and in-depth knowledge of the Japanese business landscape, this joint venture is poised to revolutionize how enterprises in Japan manage and optimize their supply chains.

“Our joint venture with Roambee is a strategic leap forward for Central Soft in leading supply chain innovation in Japan. This partnership will redefine how enterprises in Japan manage their supply chains, equipping them with the intelligence and visibility required to remain competitive in today’s fast-paced world. Our deep expertise in the enterprise software & services space, coupled with Roambee’s cutting-edge technology, empowers us to deliver tailor-made supply chain solutions that precisely meet the unique needs of Japanese enterprises,” said Kentaro Koga, CEO of Central Soft.

The synergy between Central Soft and Roambee enables both companies to quickly adapt to market requirements and exceed the expectations of Japanese customers. The partnership serves two primary customer groups: global customers seeking to leverage Roambee’s solutions in Japan, and local Japanese customers eager to embark on their digital transformation journey.

The joint venture caters to industries such as pharmaceutical companies, life sciences, food and beverage, chemicals, the automotive industry, and the retail sector. These sectors will experience transformative solutions that are customized to their specific needs, from digital tracking to localized language support and beyond.

This partnership marks a significant milestone in the supply chain technology landscape, as Roambee and Central Soft stand at the forefront of digital transformation in Japan and the APAC region. With a shared vision and a commitment to excellence, they are set to revolutionize the way businesses operate and manage their supply chains in this key technology market.

About Roambee

Roambee is a supply chain visibility & intelligence provider enabling on-time, in-full, in-quality delivery of shipments and assets anywhere in the world. 300+ enterprises are improving customer experience, service levels, product quality, order-to-cash cycles, business efficiencies, sustainability, and automating logistics with Roambee’s real-time insights & foresights. More than 50 of them are the top 100 global companies in the Pharma, Food, Electronics, Chemicals, Automotive, Packaging & Containers, and Logistics sectors. Roambee’s innovative AI-powered platform, and end-to-end monitoring solutions, deliver reliable business signals built on item-level, firsthand IoT sensor data and non-sensor inputs. The outcome is 70% better multimodal ETAs, OTIF deliveries, 80%+ cold chain compliance, and more, including 4X+ ROI on supply chain asset performance.

About Central Soft

Central Soft is a leading software and services company in Japan that excels in System Development, Infrastructure Construction, and IT Operations Management. Central Soft has a proven track record of delivering tailor-made solutions across various industries, including finance, manufacturing, distribution, and public sectors. It is known for constructing flexible and reliable infrastructure environments that adapt to ever-evolving technologies and diverse client needs. We deliver tailor-made solutions across various industries with a focus on innovation and cutting-edge technology.

Media Contact
Susana Leiser
Warner Communications
[email protected]
+1 (786) 403-8393

SOURCE Roambee

Positions to take part in 5^th year of program up for grabs with more than $500,000 in seed funding at stake

DES MOINES, Iowa, Nov. 14, 2023 — BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has opened the application window for its 2024 BrokerTech Ventures Accelerator program.

Since its founding, BTV has grown to include 12 of the most notable super-regional brokerage firms in the nation, 13 of the world’s most highly respected insurance carriers and wholesalers, and 48 insurtech startups from around the world. BTV has also been instrumental in helping build and fuel the Israeli and Latin American accelerator programs. The company is dedicated to fostering innovation in the insurance space by providing early-stage insurtech companies the support to develop tech solutions for the industry.

“BTV has experienced amazing results from the first four cohorts, with startups generating over 200 proofs of concept or pilots with our partner organizations and collectively raising over $250 million in funding since their participation in the accelerator. This is a true testament to BTV’s ability to attract investment and support entrepreneurs in the insurtech space,” said Dan Keough, Holmes Murphy Chairman and CEO and BrokerTech Ventures Co-Founder. “With the fifth cohort, I believe we can expect new insurtech solutions with greater influence and even more diversity of thought for the industry. I’m excited to see what the startups will bring to the table.”

The concept of the BTV Accelerator is to be an “innovation hub” and proof of concept environment for broker-centric products and technology solutions, ultimately bringing validated solutions to the industry. The ideal candidates for the Accelerator are early-stage insurtech startups.

“It’s hard to image this will be our fifth cohort, but I’m just as excited as I was in year one to see these startups dramatically change with the help of BTV,” said John Jackovin, BrokerTech Ventures Accelerator Executive Director. “This acceleration is directly attributed to all of our broker, carrier, and wholesaler partners looking for the latest technologies and products that will help them identify risks sooner, provide better service, and drive down costs.”

The deadline for BTV Accelerator submissions is December 18, 2023. The initial review will be in January, with the top 20 startups chosen to take part in the Selection Series in early March. The Selection Series will be a virtual event where BTV partners can dig deeper into the products, companies, and teams. Subsequently, the cohort will begin the five-week Accelerator program in April 2024. More than $500,000 in funding is at stake for the selected broker-centric, seed and early-stage startups, with each startup receiving $50,000.

“In addition to the BTV Accelerator application opening, the BTV delegation just returned from a week of dedicated insurtech events and networking alongside the InsureTech Connect (ITC) Conference in Las Vegas, Nevada,” said Susan Hatten, Holmes Murphy Chief Marketing Officer and BTV Chief Operating Officer. “In conjunction with ITC, BTV hosts a broker-led afternoon of curated content — BrokerTech Connect — followed by our signature event — BTV’s Happiest Hour. This is a great opportunity for the startups who take part in our BTV Accelerator to network with our 12 broker partners, 13 carriers/wholesaler partners, and their accelerator cohort colleagues (and the cohort members from years prior), as well as a host of additional insurance leaders, investors, and insurtech enthusiasts. We view this as not only instrumental for the startups who take part in our accelerator, but for the insurance industry as a whole.”

To submit an application for the 2024 Accelerator, go to www.brokertechventures.com.

If you would like to arrange a media interview to discuss the BTV Accelerator or other BTV activities, please email Susan Hatten, BrokerTech Ventures Chief Operating Officer, at [email protected].

About BrokerTech Ventures
Based in the insurance nucleus of Des Moines, Iowa, BrokerTech Ventures (BTV) is the first broker-led convening platform and accelerator program focused on delivering innovation to the insurance broker industry. Founded in 2019, BTV provides a venue for the best minds in insurance and technology to collaborate and bring to market leading-edge ideas and solutions. BTV invests in the research and testing for each of the chosen startups, provides access to veteran industry mentors, and helps scale the technology to market through broker distribution channels. Learn more at www.brokertechventures.com, or follow us on Twitter (@BrokerTechVen), LinkedIn, or Facebook.

Contact: Jena Brown
(515)–346)–8934
[email protected] 

SOURCE BrokerTech Ventures