DENVER, July 14, 2023 — Bayswater Exploration & Production (Bayswater) is pleased to announce the unanimous approval of its Onyx Oil and Gas Development Plan (OGDP) by the newly-renamed Colorado Energy & Carbon Management Commission (formerly known as the Colorado Oil and Gas Conservation Commission or COGCC). The approved Onyx Development is planned for 12 new horizontal wells located in unincorporated Weld County, Colo., northwest of the Town of Eaton. The new Onyx horizontal development will utilize surface equipment currently located nearby on Bayswater’s existing Leffler 26-A Pad Oil and Gas Location. This is Bayswater’s fourth OGDP application approved by the Commission since Colorado’s new regulatory framework was implemented, and the first approval this year. These four approved Bayswater permits encompass a total of 91 planned horizontal wells in the Denver Julesberg (DJ) Basin.

Similar to previous applications and hearings, the Commission was complimentary of Bayswater’s detailed and thoughtful application, particularly in relation to the Alternate Location Analysis (ALA) conducted and presented by Bayswater. Further, Commissioner John Messner commended Bayswater for the additional commitments made by Bayswater to improve the OGDP development moving forward, saying: “I really appreciate that this operator is choosing to state that they aren’t just going to hang their hat on the initial proposal and what they could commit to today, but are going to continue to look at not only the accessibility of Tier 4 diesel engines for drilling but other technologies, other innovation, other opportunities to reduce emissions.”

The Commission unanimously approved the Onyx OGDP application with several additional commitments made by Bayswater during the hearing, including but not limited to the utilization of Group 3 drilling fluid, the employment of Tier 4 frac engines, and pausing the use of specific equipment on high ozone days.

“With this fourth OGDP approval, I am proud that Bayswater continues to demonstrate that we can responsibly develop oil and natural gas under the new Colorado rules,” said Steve Struna, Bayswater President and CEO. “As always, we greatly appreciate the time and thoughtful consideration put into each permit application by the ECMC. The Onyx OGDP approval is the first application we have been able to work through the permitting process in 2023, marking 10 months since our last approval in September 2022. We remain hopeful that the new permitting process can be further streamlined to allow shorter and more predictable permitting cycle times, which will allow us and other operators to continue to develop and produce Colorado energy.”

Bayswater expects to commence drilling operations as early as October 2023.

Bayswater is a private oil and natural gas exploration and development company employing multiple Best Management Practices focused on emission reductions and committed to responsible energy development and the belief that the development of oil and natural gas resources and the stewardship of a pristine, sustainable environment are not mutually exclusive. To learn more, visit https://bayswater.us/.

Media contacts:
Steve Struna | President & CEO | 303.893.2503
Mark Truax | Communications | 720.724.0298 | [email protected]

SOURCE Bayswater Exploration & Production, LLC

The CITGO – MDA partnership shares another victory

LEMONT, Ill., July 13, 2023 — CITGO Lemont Refinery held its 27^th annual Driving for a Cure Golf Outing with the Muscular Dystrophy Association (MDA) at Cog Hill Golf and Country Club on June 27. This year’s outing was another success, with $696,000 raised to support MDA’s mission of empowering the people they serve to live longer, more independent lives.

The Driving for a Cure Golf Outing had 85 companies in attendance with a total of 296 golfers out on three courses at Cog Hill. Since its inception, the annual Driving for a Cure Golf Outing alone has raised more than $8.3 million for MDA. “We’re extremely excited to see the dedication and generosity of CITGO employees, marketers, retailers, vendors and contractors,” said Jim Cristman, Vice President and General Manager at CITGO Lemont Refinery. “The partnership we have with MDA is near and dear to many, and we couldn’t be more proud to support.”

Funds raised through the CITGO – MDA partnership events contribute to important medical breakthroughs. Recently, the U.S. Food and Drug Administration (FDA) announced the approval of the first-ever genetic treatment for boys with Duchenne muscular dystrophy. The approval of ELEVIDYS signifies a major leap forward in MDA’s collective efforts to combat Duchenne muscular dystrophy and provides hope to countless boys and their families who have faced unimaginable challenges.

In this groundbreaking achievement, MDA has been able to fund critical research, facilitate innovative clinical trials, and gather the necessary resources to accelerate the development of this revolutionary treatment. “We are incredibly grateful for the ongoing support that CITGO, its employees, vendors, marketers and retailers have demonstrated for the mission of the Muscular Dystrophy Association for the past 37 years,” said Jeremy Kraut-Ordover, Chief Development Officer, MDA. “CITGO has set the standard in strengthening our community by fueling our efforts to empower families living with neuromuscular diseases.” 

CITGO – MDA events have a proven successful track record year after year, and the partnership is persisting in its efforts. Just with this year’s CITGO – MDA Shamrock Bowl and Driving for a Cure events combined, nearly $830,000 has been raised. All funds raised will continue to be used to accelerate research, advance care, and advocate for the neuromuscular community.

About CITGO

CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, La.; Lemont, Ill.; and Corpus Christi, Texas, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd) (make note of new combined capacity), CITGO ranks as the fifth-largest and is one of the most complex independent refiners in the United States. CITGO transports and markets transportation fuels, lubricants,

petrochemicals and other industrial products, and supplies a network of approximately 4,200 locally owned and independently operated branded retail outlets, all located east of the Rocky Mountains. CITGO Petroleum Corporation is owned by CITGO Holding, Inc.

About MDA

Muscular Dystrophy Association (MDA) is the #1 voluntary health organization in the United States for people living with muscular dystrophy, ALS, and related neuromuscular diseases. For over 70 years, MDA has led the way in accelerating research, advancing care, and advocating for the support of our families. MDA’s mission is to empower the people we serve to live longer, more independent lives.

To learn more visit  mda.org and follow MDA on Instagram, Facebook, Twitter, TikTok,  LinkedIn, and YouTube .

SOURCE CITGO Petroleum Corporation

The round bolsters Peaxy’s battery analytics product offering and market reach in stationary energy storage, electric vehicles, and defense.

SAN JOSE, Calif., July 13, 2023 — Peaxy, Inc. (www.peaxy.net), a leading cloud software company providing battery lifecycle analytics and digital twins, today announces it has raised $12 million in a Series B2 funding round. The investment will accelerate product development and expand the market reach of Peaxy Lifecycle Intelligence (PLI), the company’s flagship cloud-based predictive analytics platform that improves profitability by unifying battery lifecycle data. 

Peaxy Lifecycle Intelligence empowers businesses to unlock the true potential of their battery data ecosystems with a single solution for edge data capture and battery analytics. By consolidating data from all stages of the battery lifecycle, including research and development, manufacturing processes, integration, operations and end of life, PLI provides invaluable insights to enhance safety, reduce CAPEX and OPEX costs, optimize performance, and extend battery life. Peaxy’s innovative approach ensures seamless collaboration and streamlined operations across the entire battery value chain.

Manuel Terranova, CEO and President of Peaxy, said: “Our customers are finding that managing their battery data is becoming more and more challenging and costly. This funding round expresses confidence in our vision for a unified, AI-driven solution for battery data management and digital twins. With the support of our investors, we’re poised to lead the industry with a mature and proven product offering and the deep domain experience Peaxy brings to its customers.”

ABOUT PEAXY
Founded in 2012, Peaxy is a leading cloud software company that specializes in unlocking the maximum value from industrial battery data through AI, machine learning and predictive analytics. Peaxy Lifecycle Intelligence (PLI), the company’s flagship solution, provides cloud-based, at-scale, lifecycle analytics and a unified data vision to streamline battery research and development, manufacturing, integration, and field operations. For more information, please visit www.peaxy.net.

ABOUT UNION SQUARE ADVISORS
Union Square Advisors is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, agented private capital financing, and debt capital markets advisory services.

Resources:
Website: https://www.peaxy.net/
LinkedIn: https://www.linkedin.com/company/peaxy-inc-/

SOURCE Peaxy

DUBLIN, 13. Juli 2023 — Icarus Media Digital, ein führendes Venture-Building-Studio, freut sich, einen bedeutenden Meilenstein auf seinem Weg zum Aufbau profitabler Unternehmen in verschiedenen Bereichen bekanntgeben zu können. Mit einem stetigen Engagement für Innovation und Unternehmertum hat Icarus Media Digital einen bemerkenswerten Erfolg bei der Förderung und Entwicklung eines Portfolios florierender Unternehmen erzielt.

Das Studio feiert die beachtenswerten Errungenschaften von durchschnittlich einer Million einzelnen Besuchern pro Monat und 15 Millionen Seitenaufrufen in seinem Unternehmensportfolio in den letzten sechs Monaten.

Icarus Media Digital wurde 2016 von Matthieu Mayran gegründet und betrieben und ist führend bei der Identifizierung und Nutzung lukrativer Chancen in verschiedenen Branchen. Mit einem strategischen Ansatz und einem Team erfahrener Fachleute hat die Firma kontinuierlich ihre Fähigkeit beim Aufbau von nachhaltigen und profitablen Unternehmen unter Beweis gestellt.

Als Venture-Building-Studio unter der Leitung von Jules Decol arbeitet Icarus Media Digital nach dem Prinzip der Förderung von Unternehmertum und der Bereitstellung von notwendigen Ressourcen, Fachwissen und Unterstützung, um Ideen in erfolgreiche Unternehmen zu verwandeln. Durch die enge Zusammenarbeit mit talentierten Einzelpersonen und Start-ups hat Icarus Media Digital das Wachstum und die Expansion von Unternehmen in einer Vielzahl von Sektoren ermöglicht.

Die Feier dieses Meilensteins ist ein Beweis für die Effektivität des Venture-Building-Ansatzes von Icarus Media Digital. Durch eine Kombination aus strategischen Investitionen, Geschäftsentwicklungsinitiativen und Mentoring hat das Studio die Gründung innovativer und profitabler Unternehmen ermöglicht, die positive Auswirkungen auf ihre jeweiligen Branchen hatten.

Icarus Media Digital gratuliert seinem Team von talentierten Mitarbeitern, Partnern und Interessenvertretern, die zur Erreichung dieses Meilensteins beigetragen haben. Ihr Engagement, ihre harte Arbeit und ihr kollaborativer Geist waren entscheidend für den Erfolg der von Icarus Media Digital geförderten Unternehmen.

Auch in Zukunft setzt sich Icarus Media Digital weiterhin dafür ein, das Unternehmertum zu fördern, Innovationen voranzutreiben und ein nachhaltiges Ökosystem zu schaffen, in dem Unternehmen gedeihen können. Mit seiner nachgewiesenen Erfolgsbilanz und seinem Fachwissen im Venture Building ist das Studio gut aufgestellt, um seine Mission fortzusetzen, profitable Unternehmen in verschiedenen Bereichen zu identifizieren und aufzubauen.

Informationen zu Icarus Media Digital:

Icarus Media Digital ist ein 2016 in Dublin gegründetes Venture-Building-Studio. Das Studio widmet sich der Förderung und dem Aufbau profitabler Unternehmen in verschiedenen Branchen. Durch strategische Investitionen, Geschäftsentwicklungsinitiativen und Mentoring hat sich Icarus Media Digital als ein führendes Venture-Building-Studio etabliert.

Foto – https://mma.prnewswire.com/media/2146119/Icarus_Media_Digital.jpg
Logo – https://mma.prnewswire.com/media/2143203/Icarus_Media_Digital_Logo.jpg

SOURCE Icarus Media Digital

NORTH CHICAGO, Ill., July 13, 2023 — Rosalind Franklin University (RFU) psychologist Brian Feinstein, PhD, is determined to improve the health of one of the nation’s most vulnerable populations — sexual minority youth, who are at higher risk of suicide and depression than their heterosexual peers. Those disparities, Dr. Feinstein says, are “rooted in exposure to rejection, discrimination and victimization.”

“I hope our research will shine a light on the need to understand and address the mental health challenges facing sexual minority youth,” he said. “We need to let them know they’re not alone.”

Dr. Feinstein, associate professor and director of the Sexuality, Health, and Gender Lab, has been awarded a five-year, $3.6 million grant by the National Institute of Mental Health to investigate the effects of sexual orientation-related rejection sensitivity — the expectation of rejection and accompanying feelings of anxiety — on the mental health of sexual minority adolescents.

“What we see with sexual minority people is that having a history of experiencing rejection because of one’s identity can contribute to developing a sense that people are going to continue to reject you in your day-to-day life,” Dr. Feinstein said. “That mindset can undermine mental health.”

The longitudinal and experience-sampling study will provide researchers with real-time data. A diverse cohort of 500 sexual minority adolescents ages 14-17 from across the U.S. will complete online surveys for 18 months, answering questions four times a day for six weeks via an app.

“We want to really understand these temporal dynamics — how experiencing, expecting and worrying about rejection influences their  mental health,” Dr. Feinstein said. “The knowledge we gain can help inform interventions that reduce health disparities in this population.”

The study will also connect participants with people who care about their mental health.

“A lot of them don’t have that,” Dr. Feinstein said. “Sexual minority adolescents are eager to connect with adults who want to hear what’s going on in their lives.”

Dr. Ronald Kaplan, RFU executive vice president for research, commended Dr. Feinstein’s lab for advancing an essential area of practice and research.

“RFU joins Dr. Feinstein and the National Institutes of Health in working to improve care for all sexual and gender minority populations,” he said.

ROSALIND FRANKLIN UNIVERSITY encompasses six colleges and more than 10 research centers and institutes. Learn more at rosalindfranklin.edu.

Media contact: Office of Marketing and Communications, [email protected]

SOURCE Rosalind Franklin University of Medicine and Science

$30M Beverage Brand Secures Additional Funding & Expands Retail Footprint in US

LOS ANGELES, July 13, 2023 — Barcode, the leading fitness drink for hydration, today announced Victor Wembanyama, the No. 1 overall pick of the 2023 NBA Draft and global basketball phenomenon, as the newest investor and brand partner. Wembanyama, nicknamed Wemby, is the most anticipated player in the league and has been described by LeBron James as “a generational talent.”

Wembanyama will play a vital role in sharing Barcode’s fundamental values, as well as participating in their philanthropic initiatives. The French, 7′ 3 ½ ” nineteen year old has taken an equity investment in the company, will be involved with research and development on future products and will appear as the face of the brand in digital, out of home and in-store advertising.

Born January 4, 2004, Wembanyama grew up in Le Chesnay, France and was raised by two professional athletes; his mother, Elodie, was a former professional basketball player in France and his father, Felix, was a triple jumper. Wembanyama has won silver medals as a member of the French National U-16 Team at the European Championship as well as with the U-19 Team at the World Championships. Last season, he played for the Levallois Metropolitans 92 and led his team to their first-ever appearance in the French League Finals.

“I’m conscious of the ingredients I put into my body to ensure I stay healthy and perform at the highest level,” said Wembanyama. “The partnership with Barcode allows me not only to be a spokesmodel, but a role model. I want to be elite, on and off the court, and want my body to be the healthiest it has ever been. That’s why I chose Barcode over anything else.” 

Barcode was developed by Mubarak “Bar” Malik, former New York Knicks and Los Angeles Lakers Director of Performance. Malik co-founded the company with NBA Champion, philanthropist and entrepreneur Kyle Kuzma to offer a healthier alternative to popular sports drinks. Barcode products are the first ever plant-based, all natural performance drink on the market with added benefits and ingredients, including Vitamin D, B6, B12, magnesium and ashwagandha and no added sugar. The beverage hydrates quickly for athletic performance, provides increased immunity for overall wellness and naturally tastes flavorful. Barcode has garnered attention from notable figures in the entertainment and sports industries such as Halle Berry, Derrick Rose, Tim Hardaway Jr. and Kelly Rowland since its inception in 2020.  The product is currently available at Amazon, Erewhon Market, ShopRite, Bristol Farms, Gelsons, and  Central Market.

“Victor isn’t only going to change the Spurs, he’s going to change the game of basketball,” said Barcode co-founder Bar Malik. “We are thrilled to have him join the team and to promote the healthy lifestyle that has made him a global star, with the added help of Barcode.”

“I’m so proud of Barcode’s rapid growth, and having Victor join our team further places us as a breakout brand disrupting the beverage industry,” said Barcode co-founder and NBA Champion Kuzma. “Victor’s skillset and determination, on and off the court, align with our values at Barcode, and we’re excited to be working with him as he begins his NBA career and establishes himself as a successful businessman.”

Barcode has recently undergone a valuation of $30 million and has expanded its retail availability to include HEB, Krogers, Safeway/Albertsons,Buc-Cee’s and 7-Eleven, mainly in the Texas market. Additional funding has been secured from co-founder Kyle Kuzma and 10-time NBA All-Star and entrepreneur Carmelo Anthony will join Barcode as a new investor and Board Advisor, bringing over two decades of business acumen and seasoned investment experience to his role with the company. World renowned boxer Gervonta Davis will also join a rockstar roster of investors including Derek Fisher, Jordan Clarkson, Chelsea Gray, Jae’sean Tate, Isaiah Hartenstein, Wayne Ellington and Lexie Brown.

Photos Courtesy of Barcode: https://bit.ly/3rtz4iD 

About Barcode
Barcode, founded by Mubarak “Bar” Malik and Kyle Kuzma, is the first ever plant-based, all natural performance drink line on the market with added benefits and ingredients including Vitamin D, B6, B12, magnesium and Ashwagandaha and no added sugar. It is currently available at Amazon, Erewhon Market, ShopRite and Central Market. For more information on Barcode, visit drinkbarcode.com.

MEDIA CONTACTS:
Jesse Parker Stowell [email protected] 917-312-0694
Gabriella Moran [email protected] 972-890-5186

SOURCE Barcode

SAN FRANCISCO, Calif., July 13, 2023 — OKX Ventures, the investment arm of the leading Web3 technology company OKX, has issued updates for July 13, 2023.

OKX Ventures Announces Investment in Aark Digital

OKX Ventures is proud to announce its recent investment in Aark Digital, a decentralized derivatives exchange built on Arbitrum.

Built for professional traders, Aark introduces features such as a new automated market maker architecture called parallel market maker (PMM) that enables the trading of 300+ pairs including super long-tail assets. PMM reflects liquidity from the order books of top centralized exchanges, making Aark more liquid than any other centralized or decentralized exchange.

Aark Digital is also the first peer-to-pool derivatives DEX to introduce delta-neutral liquidity pools. These are designed to greatly enhance capital efficiency, collateral options and liquidity pool size while providing users with an experience comparable to centralized exchanges. This innovative approach to liquidity provisioning provides increased flexibility and control, allowing liquidity pools to earn delta-neutral APR while maintaining their token balance.

OKX Ventures Founder Dora Yue said: “We are excited to announce this investment because the Aark team are passionate contributors to the derivatives space and are committed to creating a whole new experience for professional traders. Aark is a remarkable project for its product innovation, mechanism design and ability to reduce LP risk and increase returns.”

Over the past two years, OKX Ventures has invested in 300 projects across five continents with a fund size of approximately USD$1 billion, covering almost all investment tracks. OKX Ventures focuses on supporting cutting-edge blockchain innovation and exploring high-quality projects that demonstrate long-term value. It remains bullish on the ZK ecosystem, infrastructure, multi-chain and Web3 projects, and its recent investments in projects like Taiko, Berachain, Sei Network, Cetus Protocol and Alienswap reflect this emphasis.

About OKX Ventures

OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

Find out more about OKX Ventures here.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace and DEX.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS.  OKX IS NOT ASSOCIATED WITH ANY PARTICULAR DEFI PROTOCOL, MAKES NO WARRANTIES, REPRESENTATIONS OR UNDERTAKINGS RELATING TO ANY DEFI PROTOCOL’S OFFERINGS, AND IS NOT RESPONSIBLE OR LIABLE FOR ANY DIRECT OR INDIRECT LOSS OR OTHER DAMAGE ARISING FROM YOUR USE OF ANY DEFI PROTOCOL. OKX WALLET IS AN AGGREGATOR; ALL DISPLAYED ESTIMATED RETURN RATES ARE PROVIDED BY THE DEFI PROTOCOL, AND ARE NOT GUARANTEED NOR INDICATIVE OF FUTURE RETURNS. PLEASE CONDUCT YOUR OWN DUE DILIGENCE BEFORE INVESTING IN ANY DEFI PROTOCOL. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

SOURCE OKX Ventures

Inaugural Fund Will Focus on Investments in High-Impact Early-Stage Startups and Venture Funds in Tech Bio, Life Sciences and AI

HOUSTON, July 13, 2023 — Modi Ventures, a newly launched venture partnership investing in fund managers and founders building companies shaping the future of humanity, today announced the close of its inaugural $32 million fund, Tech+Bio Fund I. The new fund will target innovative companies transforming business in Tech Bio, life science and healthcare AI.  Despite the challenging investment economy, the fund was raised in a short period of time and oversubscribed by $2 million. Andrew Yang, former presidential candidate and founder of Venture for America was named an advisor.

Modi Ventures was founded by Sahir Ali, a researcher, scientist and technologist recognized as a thought leader in the precision medicine and AI space. Sahir, who has a Ph.D. focused on the intersection of oncology and AI, has advised and led F500 companies in the healthcare, AI, and enterprise tech industries.

“Investing in next generation technologies has always been very lucrative,” said Sahir Ali, General Partner with Modi Ventures. “We are entering an era of software writing software (artificial intelligence), technology that can unravel our individual genetic makeup (gene sequencing), biotech that can reprogram our genes (gene editing), and a fundamental change in how medicine is practiced by leveraging all of the above (precision medicine). Tech Bio companies will revolutionize multiple trillion dollar industries, providing early investors with potential for great returns.”

The fund aims to invest into opportunities such as Tech Bio where companies are creating exponential technologies that are on the cusp of transforming health and technology. Tech Bio utilizes AI to analyze complex, heterogeneous information to disrupt and revolutionize the practice of medicine and delivery of health. This has immense potential in revolutionizing clinical trial design, drug development and precision medicine. McKinsey estimates that Tech Bio has the potential to transform the global economy with $2 trillion to $4 trillion of direct annual impact, where Tech Bio innovations could produce 60% of the world’s physical goods inputs and ease 45% of the world’s disease burden.

“Modi Ventures’ goal is to find solutions for some of the world’s most vexing problems that keep people unhealthy or struggling with illnesses that we can address collectively,” said Andrew Yang, Founder of Forward Party and Venture for America, and Advisor to Modi Ventures. “The leadership and results that Sahir and his team have already demonstrated are one reason I’m looking forward to being a part of this team as we bring life saving solutions to market and take advantage of AI and new tools to advance the human condition.”

Modi Ventures has created partnerships with successful funds such as Khosla Ventures, Section 32, Artis Ventures, Draper Associates and Antler Group.

Initial Investments by the Tech+Bio Fund I include

• Lapsi Health- A medical technology company that is screening, diagnosing, treating and monitoring in medicine through sound and auscultation (acquired from stethoscopes)
• Starling Medicine – A predictive technology platform for the early detection of bladder health issues
• Cyberdontics – Automated dental surgery using advanced imaging, AI and robotics

“Modi Ventures is investing in healthcare tech companies with immense potential to improve lives and I’m thrilled to be partnering with Sahir and Modi Ventures,” said Tim Draper, Founder, Draper Associates. “Working together we will be able to discover unique and innovative investments to collaborate on.”

About Modi Ventures
Modi Ventures Capital Management is a Texas-based investment firm investing in fund managers and founders building companies shaping the future of humanity. The company’s primary investment focus is into disruptive and emerging AI and Medical technology applications. Investments in successful funds include Khosla Ventures, Section 32, Artis Ventures, Draper Associates and Antler Global. Direct investments include Lapsi Health, Starling Medicine and Cyberdontics. For more information please visit www.modivc.com.

SOURCE Modi Ventures

Funds will enable the integration of new features, providing athletic directors with a central service to manage every aspect of their programs

NEW YORK, July 13, 2023 — Aktivate, the fastest-growing provider of scholastic sports management software, today announced the close of a $3.7M Series A funding round. The financing round was led by Will Ventures, Tal Ventures, and Benson Oak Ventures, with participation from 97212 and Tieferes Ventures. Aktivate’s total funding to date now sits at over $14M since its founding in 2020. Currently working with six of the top ten largest school districts in the nation, Aktivate is looking to grow by 200-300% in the next year and use the funds to enhance existing capabilities with new in-app integrations.

Over the last decade, the youth sports industry has grown by over 60% and multiplied in value to an estimated $30 to $40B annually. Despite this growth, many schools still struggle to find funding for athletic departments and rely on annual fundraisers to get the necessary financial support. Supplementing its core registration, scheduling, and communication capabilities, Aktivate’s integrated digital fundraising tool enables directors to keep track of donor information, donation goals, and statuses. By leveraging online crowdfunding, Aktivate users are able to dramatically increase their reach and secure significantly more funds than their in-person initiatives with a fraction of the effort. Collectively, Aktivate’s fundraising platform has helped raise over $35M.

“Aktivate’s fundraising solution is the digital evolution of the traditional school bake sale,” said Brian Reilly, Co-Founder and Managing Partner at Will Ventures. “Due to obvious limitations for in-person fundraising, such as a smaller reach and a lack of consistent follow up, these efforts typically fall short of their goals. Aktivate accounts for these shortcomings and actually increases the outcome, which is invaluable to any athletic director who handles financing programs for hundreds, potentially thousands, of children.”

Aktivate is a central platform tailored to the needs and responsibilities of athletic directors in America’s school districts. One of the biggest pain points they face in scholastic sports is the frustration that comes with managing and monitoring multiple timelines and processes. Aktivate integrates essential undertakings into one place, managing pre/post-season registration, scheduling, communication and more. This system significantly reduces chances for error or noncompliance and allows directors and coaches alike to spend less time on paperwork, fundraising and logistics and more time hands-on with kids.

“Aktivate has been designed to be the swiss army knife to every scholastic sports community,” started Aktivate chairman and former CEO of AOL, Jon Miller. “Across industries, organizations are utilizing new technology to organize themselves and prevent errors; academics and educators shouldn’t be left behind. We are proud to offer our solutions at a price that is a fraction of competitors to accelerate access to modern technology to all.”

“We are the athletic director’s best friend, providing them the keys to build strong communities through scholastic sports” said Aktivate CEO Hesky Kutscher. “With this funding, we plan to continue scaling our platform to better meet the needs of sports departments in districts across the country, and provide the utmost value for our users.”

In 2022, Aktivate grew dramatically, seeing approximately 250% revenue growth YoY. In 2023, Aktivate’s platform passed the one million mark for active users and partnered with the likes of United Healthcare and NCSA College Recruiting (owned by Endeavor). With the potential for over 50 million users across the United States, Aktivate aims to grow another 200-300% in the next year. The company aims to release new products and services throughout the year and into Q1 2024.

For more information about Aktivate visit www.aktivate.com for info on its fundraising platform, visit www.aktivatefr.com

About Aktivate
Aktivate is the fastest-growing scholastic sports management and communication platform. Our mission is to help more kids live winning lives. By designing software that reduces the time, energy, and resources Athletic Departments need to responsibly manage all students participating in activities, we aim to help more kids experience the positive benefits of participating in extracurricular activities.

Our comprehensive sports management solution is used by approximately 1MM athletic directors, coaches, state athletic associations, athletes, and parents to manage the complex organizational and funding mechanics of scholastic sports and student activities.

SOURCE Aktivate