WICHITA, Kan., June 5, 2023 — Less than a year after its product hit the market, PLOT Communications, Inc. (www.getplot.com), a SaaS management platform for construction jobsites, has announced just over $2M in fresh funding to continue its mission to enhance Jobsite Coordination. With this investment, PLOT will add to its product/engineering team and begin building out sales & customer success teams.

The round was led by GroundBreak Ventures based in Toronto, with significant involvement from KCRise Fund, GROWKS Equity Fund, Iron Prairie Ventures, and Suffolk Technologies. The fundraising round also included a follow-on investment from Koch Industries, Inc., who initially funded the company in late 2021. This brings the total amount PLOT has raised to just over $3M.

With rising input costs driven primarily by labor shortages, materials cost escalation, and supply chain disruptions, builders are increasingly turning to technology to optimize jobsite performance and reduce errors, rework, and unnecessary project costs. PLOT’s platform cuts through the arduous tasks of jobsite management by providing better options for coordination and communications among all relevant stakeholders. “PLOT has assisted in expediting smooth, uninterrupted movement of material deliveries on the jobsite,” says Ben Sparks, Sr. Project Engineer at Walbridge.

“We are ecstatic to reach this milestone and look forward to working alongside our new partners to bring common-sense, easy-to-use software to the Construction industry,” says Chris Callen, Founder/CEO of PLOT and former concrete contractor. “From data centers and vehicle manufacturing facilities, to 10-unit housing developers, we have found that PLOT dramatically improves jobsite communication, no matter the project size.” PLOT has already been used by over 400 general contractors, trade contractors, and owners across the country. “With its visual site plan, scheduling intelligence, and transparency towards the project team, PLOT makes getting materials to the jobsite effortless,” says Ben Stocker, Construction Technologist at Skender.

Scott Kaplanis led the investment on behalf of GroundBreak Ventures, a leading early-stage proptech fund with considerable construction technology and logistics expertise. “We see PLOT emerging as the go-to operating system for site logistics and coordination. By debottlenecking scheduling, delivery and material management, PLOT vastly improves site efficiency and can help unlock considerable working capital for all stakeholders. Imagine finally realizing the benefits of Just-In-Time (JIT) best practices at every construction site.”

Announced today in tandem with the new financing, PLOT will be launching a new Lead Time module targeting construction material ordering and shipment. “Delivery to the jobsite is only a small part of the coordination puzzle. PLOT’s new Lead Time tool gives jobsite teams tools to track materials through approval, ordering, shipping, and it fits hand-in-glove with PLOT’s delivery management module,” says Callen.

Contractor and Media inquiries can be sent to [email protected].

SOURCE PLOT

HELSINKI, June 5, 2023 — Fixably, a globally recognized after-sales SaaS company, has successfully secured $10 million in funding and is launching a new product to extend the lifespan of over 10 billion devices.

The funding round included global investors such as 468 Capital, Cusp Capital, icebreaker.vc, and Business Finland. It comes at a time when the used smartphone market is projected to grow from $66.8 billion in 2023 to $143.8 billion in 2031, a significant opportunity for the recommerce sector.

The introduction of Fixably Refurb demonstrates the company’s commitment to creating a comprehensive global after-sales platform.

The innovative solution addresses the challenges faced by re-commerce companies, including sourcing, price management, reporting, grading, and the ability to scale their business.

Billions of dollars worth of transactions are run on spreadsheets, simple in-house solutions, or poorly-configured ERP systems. By enabling data-driven re-commerce operations, Fixably Refurb adds substantial value to the circular economy of consumer electronics.

Fixably Repair, the company’s first Saas product, is a repair workflow management solution that encourages repairability and profitable after-sales business. The solution serves its primary markets in North America, South America, Europe, and Australia.

Fixably Refurb will benefit greatly from the existing service capacity of the Fixably Repair network in over 35 countries, supported by Fixably’s diverse international team representing 20 different nationalities.

A Brief Overview of Fixably’s Timeline:

2010: Joel Mansnerus, an electronics repair enthusiast, establishes a service business focussed on Apple devices and scales the business with a custom in-house solution.

2014: The business outgrows both in-house and commercially available repair management options. Everything points to a market vacuum for a platform designed to manage repairs.

2015: The initial version of Fixably Repair is built and designed to fill this gap. The early Fixably team bootstraps the business for the first few years.

2020: Fixably accepts funding for the first time for go-to-market motion. Venture capital firm icebreaker.vc leads a pre-seed round accompanied by government incubator funding.

2022-2023: Having expanded to four continents, Fixably secures its second round of funding, totaling $10 million.

June 2023: The company launches Fixably Refurb, a re-commerce management platform and their second solution available globally.

Media Contact:

Sam Abraham

+358 404895879

[email protected] 

http://www.fixably.com/

SOURCE Fixably

The round was led by SPRIG Equity with participation from all major Series C investors

NASHUA, N.H., June 5, 2023 — Conformal Medical, Inc., a medical device company developing next-generation left atrial appendage occlusion (LAAO) technology, today announced the successful completion of its Series D funding round, raising a total of $35 million.

“SPRIG Equity is focused on enabling transformative medical technology companies to achieve meaningful milestones, and more importantly, improve the quality of human life,” said Evan Norton, Managing Partner of SPRIG Equity. “We see the investment in Conformal Medical as an opportunity to accelerate innovation in the LAAO market, which is of strategic importance to major medtech players.”

The highly supported round reflects the progress and achievements made since its last funding round, which includes the initiation of the CONFORM Clinical Trial. The CONFORM Trial is the company’s pivotal trial evaluating the safety and efficacy of the CLAAS® System compared to other commercially available LAAO devices and will support U.S. Food and Drug Administration (FDA) pre-market approval. The CLAAS System is designed to seal the left atrial appendage (LAA) in patients with non-valvular atrial fibrillation (Afib) to reduce the risk of stroke without the need for anticoagulants.

“Conformal Medical is committed to bringing the innovative CLAAS System to the large and rapidly growing LAAO market in the United States,” said James Reinstein, CEO. “The Series D funding provides us the resources to complete enrollment in the CONFORM trial, drive iterative development projects, and broaden the clinical experience of the CLAAS System in expanded geographies. We are thrilled with the ongoing support of our investors and welcome SPRIG Equity in recognizing the significant market opportunity and the potential advantages our system can provide.”

Conformal Medical’s proprietary CLAAS technology features a foam-based architecture designed to conform to a broad range of LAA anatomies with only two sizes. The CLAAS device further aims to simplify the procedure by allowing off-axis positioning while providing a more uniform seal. The CLAAS implant may also be able to eliminate the need for procedural transesophageal echocardiogram so that physicians may perform the procedure without general anesthesia. This is a significant advancement with the potential to shift clinical practice to a single operator procedure performed under conscious sedation without general anesthesia. The company remains focused on completing the clinical trial to demonstrate its safety profile and ability to offer breakthrough solutions that address unmet clinical needs and transform the way structural heart diseases are diagnosed and treated.

About Conformal Medical
Founded in 2016, Conformal Medical, Inc. is a medical device company developing devices to prevent stroke in patients with non-valvular Afib. The company’s proprietary technology is intended to make LAAO a same day, single operator procedure. For more information, visit https://conformalmedical.com/.

About SPRIG Equity
SPRIG Equity is a growth equity and late-stage venture capital firm dedicated to improving patient outcomes by partnering with best-in-class teams and advancing medical technologies. For more information, visit https://sprigequity.com.

For further information, please contact:

MEDIA CONTACT:
Dana Sullivan
Conformal Medical, Inc.
[email protected]

SOURCE Conformal Medical, Inc.

The fastest-growing AI retail planning provider expands lead against competitor solutions and boosts customer delivery for AI-powered retail solutions

LINTHICUM HEIGHTS, Md., June 5, 2023 — Impact Analytics™, a leading provider of SaaS AI-based solutions for supply chain and merchandise planning in retail, CPG and manufacturing, announced today the closing of funding from Vistara Growth. This quickly follows the funding secured in February 2021 and October 2022 from Argentum.

“We have witnessed how Impact Analytics’ product suite provides their clients with a step-change in the way they manage retail planning, inventory allocation and pricing,” said Neil Kenley, Director at Vistara Growth. “We are thrilled to partner with the company’s founder and CEO, Prashant Agrawal, and the entire Impact Analytics team as they expand their offerings and onboard additional retailers and merchants looking to modernize their operations.”

This funding round will accelerate the company’s global expansion plans and most notably help further develop the Impact Analytics SmartSuite™ product portfolio, which optimizes forecasting, merchandising, and end-to-end lifecycle pricing. Clients such as BJ’s Wholesale Club, Dick’s Sporting Goods, Puma, Tapestry, and many others choose Impact Analytics to power their planning and pricing workflows. Every day, more new clients recognize the AI-led power of SmartSuite.

Companies historically created forecasts based on the preceding year, which is no longer a tenable strategy. Contrast that with Impact Analytics clients, who outdo their competition by utilizing a leading forecasting engine that incorporates internal and external data. Using more than 150 variables to mix recency and history, Impact Analytics products process more than 30,000 modeling constructs to generate highly accurate forecasts that drive smarter decision making, improved operational efficiencies, and maximized profits.

Impact Analytics was recently ranked in the top 100 on Fortune’s 2023 list of the Most Innovative Companies in America, which in part explains why in 2023 it was also named one of the fastest growing companies in America by The Financial Times—for the fourth straight year.

“We appreciate Vistara Growth’s faith in our continuing success,” said Impact Analytics CEO Agrawal. “AI- and machine learning-driven forecasting is an industry necessity. Company leaders recognize that the AI-led insights provided by our products enable their organizations to make swift, strategic actions with predictable—and predictably positive—results.”

ABOUT IMPACT ANALYTICS
Impact Analytics is a proven leader in Retail, CPG, Manufacturing and Supply Chain focused enterprise AI SaaS solutions. Its suite of products for planning, forecasting, merchandising and end-to-end lifecycle pricing is empowering leading retailers to make smart data-based decisions, transform their businesses, and achieve substantial business benefits. Impact Analytics’ unique engagement model allows for quick implementations to be executed in a cost-efficient manner with lower TCO. To learn more, visit www.impactanalytics.co.

ABOUT VISTARA GROWTH
Vistara Growth provides highly flexible growth debt and equity solutions to leading technology companies across North America. Founded, managed, and funded by seasoned technology finance and operating executives, “Vistara” (Sanskrit for “expansion”) is focused on enabling growth for the ambitious entrepreneurs we invest in, our investors, our people, and the communities we operate in.  For more information, visit www.vistaragrowth.com.

Ron Margulis
RAM Communications
Phone: (908) 337-0020
[email protected]

SOURCE Impact Analytics

After announcing $139M from its B-1 in March, Amogy closes its B-2 raise with $11M extra – concluding its $150M total Series B fundraising

BROOKLYN, N.Y., June 5, 2023 — Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, today announced its $11M Series B-2 fundraising, joined by Marunouchi Climate Tech Growth Fund, Mitsubishi Corporation, Mitsubishi Heavy Industries America and Synergy Marine. This funding concludes Amogy’s Series B fundraising. In March, Amogy announced its Series B-1 round of $139 million led by SK Innovation. The Series B-2 round further propels Amogy’s momentum to support commercialization, begin manufacturing of its innovative ammonia-to-power technology, and bring its first product to market in 2024.

“This additional funding presents the rapidly increasing global interest in our technology and its potential to change the world, taking us one step closer to ammonia-driven decarbonization of heavy industries,” says Seonghoon Woo, CEO of Amogy. “

Amogy’s highly-efficient ammonia-to-power technology feeds liquid ammonia through its cracking modules integrated into a hybrid fuel cell system, which powers electric motors for zero-carbon transportations including shipping. Amogy plans to present its ammonia-powered, zero-emission tugboat in late 2023 — which is three times larger than the system that was field-tested on Amogy’s ammonia-fueled semi truck earlier this year. Upon the successful sail of the tugboat later in 2023 in upstate New York, Amogy intends to present its first commercial offering in 2024 and more.

“With its ammonia-powered semi truck and tractor, Amogy has proven that ammonia is a viable and practical option to decarbonize the maritime industry and beyond,” says Ichiro Miyoshi, CEO of Marunouchi Innovation Partners (General Partner of Marunouchi Climate Tech Growth Fund). “As the first investment of our newly launched fund, we hope to ensure that Amogy has the resources it needs to help the shipping industry reach its goal of zero-emissions.”

To learn more about Amogy and where this funding will take the company to, please watch this video.

About Amogy
Amogy offers ammonia-based, emission-free, high energy-density power solutions to decarbonize transportation for a sustainable future. Founded in 2020 by four MIT PhD alumni with a shared vision, Amogy aims to enable the decarbonization of the heavy-duty transportation sector, accelerating the global journey towards Net Zero 2050. The company’s investors include Amazon’s Climate Pledge Fund, AP Ventures, SK, Aramco Ventures and DCVC. To date, Amogy’s scalable ammonia-powered, zero-emissions energy system has been demonstrated with success in a drone, heavy-duty tractor, and semi truck. More info at: www.amogy.co

Media inquiries:
[email protected]

SOURCE Amogy

LONDON, June 5, 2023 — SNGLR XTF Fund, an exponential tech focused venture capital fund, is pleased to announce a key investment from Ayre Ventures, one of the leading blockchain investors with a particular focus on utility and unbounded scaling in blockchain.

SNGLR XTF invests mainly in European early-stage technology start-ups with exponential growth potential in sectors such as longevity and smart mobility & smart cities, enabled by technologies such as AI, Blockchain, Data (IoT; API), 5G, robotics and others.

Dr. Daniel Diemers, Co-Founder of SNGLR Group, said “We’re delighted to have Ayre Ventures as a key partner and investor in SNGLR XTF. Their experience investing in blockchain, with a key focus on utility and scalability on the BSV Blockchain, will be of high value to us”.

Dr. Diemers added “Our team has tremendous experience as founders, early-stage tech investors, board members, advisors, mentors and coaches. Along with our own deep technological insights, we also have a unique venture building model involving selected corporate venture units and consulting firms with strong market access and technological capabilities. As such, we’re positioned very well to help entrepreneurs through all ups and downs of their journey”.

Ayre Ventures founder Calvin Ayre said “BSV is the only blockchain with the scaling capacity to realize the potential of technologies requiring high volumes of low-cost data transactions, including Internet of Things and longevity, sectors that are undergoing exponential growth. SGNLR XTF focuses on companies with the same capacity for exponential growth, and I’m thrilled to partner with them and explore all that BSV has to offer”. 

About SNGLR Capital

SNGLR Capital is the venture capital entity within SNGLR Group and is focused on investments in the sectors longevity and smart mobility/ smart cities, and leading exponential technologies such as blockchain and AI. The team advises the SNGLR XTF fund, based in Guernsey, Channel Islands, which invests in early-stage tech startups across Europe.

About Ayre Ventures

Ayre Ventures, founded by celebrated entrepreneur and philanthropist Calvin Ayre, provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem, the only infinitely scaling enterprise public blockchain. The Group targets investment in innovative ideas and ambitious projects that are ‘positively disruptive’, supporting their expansion with the Group’s extensive network and industry partners.

SOURCE Ayre Ventures

MILPITAS, Calif., June 5, 2023 — TeraWatt Technology Inc., a next-generation battery producer has announced the completion of another financing round prior to Series C (“Pre-C”) with new participation by Development Bank of Japan, INPEX Corporation, JIC Venture Growth Investments, Rakuten Capital, Mori Trust, GLIN Impact Capital, and several other individual investors. Investors from Series B, including Temasek, Khosla Ventures, and JAFCO participated again in this round.

Through the existing pilot manufacturing, TeraWatt has been producing 5 to 8Ah commercial-grade cells, which have successfully passed safety testing requirements at third-parties such as UN38.3 and IEC62133-2. The investment will strengthen pilot-product line-ups for larger applications and newly launch a large-scale pilot-production facility to validate logistics, productivity, and quality control toward mass production, elevating integrity of the batteries to a more commercially-viable phase.

“We are thrilled to announce the completion of Pre-C funding round to bring our development to a next step with quality and quantity.” said TeraWatt Technology founder CEO Ken Ogata, Ph.D., “In addition to our existing international investors, we are delighted to have the participation of many outstanding Japanese investors.”

Major investors in this round (in alphabetical order):

• Development Bank of Japan
• GLIN Impact Capital Limited Partnership
• INPEX Corporation
• JAFCO Group Co., Ltd.
• JIC Venture Growth Investments Co., Ltd.
• Khosla Ventures
• MORI TRUST CO., LTD.
• Rakuten Capital
• Temasek

About TeraWatt Technology Inc.

TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries. Its subsidiary operates in Japan with the support of  Organization for Small & Medium Enterprises and Regional Innovation.

SOURCE TeraWatt Technology Inc.

PALO ALTO, Calif., June 2, 2023 — We are excited to announce that Ken Deeter and Maria Shen have been promoted to General Partners at Electric Capital. All of Electric Capital’s Partners are engineers.

We believe the next generation of iconic venture firms will be led by software engineers because capital markets will be crypto-enabled. As value becomes digital, new technologies to transfer and aggregate that value naturally emerged: DeFi has over $50B capital in smart contracts. NFT trading volume is $12B+ annualized. There are over $120B in stablecoins on chain. Crypto demonstrates the potential for on-chain, 24/7, global capital markets.

Engineering capability and technical contributions are essential to helping founders succeed on these new open platforms. VCs will need expertise in areas such as liquidity provisioning, governance, code security, designing novel token mechanisms, and more.

We are excited to welcome Ken and Maria as General Partners who exemplify our philosophy.

Ken Deeter is an engineer who leads our DeFi investments.

Ken invests in novel DeFi mechanisms such as Frax, a new approach to stablecoins and liquid staking derivatives, Hashflow, an on-chain settled RFQ-based trading system supported by the largest crypto market makers, Hourglass, the first protocol to create a market for time-locked digital assets, Tokemak, the first “liquidity gun” in DeFi, and many more.

When DeFi emerged in 2018, Ken created the term Guarded Launch, a process to de-risk DeFi launches. Ken used his experience writing software for 3 billion people at Facebook to introduce a concept of a “roll out” for DeFi protocols to protect users without slowing development.

Ken also leads our liquidity provisioning and governance participation efforts. Today, we have hundreds of millions of dollars participating actively on-chain. Capital deployment at this scale has required us to build custom monitoring and management systems that can keep pace with the ecosystem’s break-neck speed of innovation.

Ken has over 20 years of experience leading teams and building products including at VMware and Facebook. He was an early engineer at VMware, writing code for the desktop product suite used by developers and IT managers across the majority of Fortune 500 companies. At Facebook, he was an early contributor to the Newsfeed team, and helped to build the Events product used by over a billion people on a monthly basis.

Maria is an engineer who leads our NFT investments.

Only a handful of women in the world are General Partners at crypto funds with more than $1 billion in assets. Maria is one of them.

Maria invests in NFT companies and protocols that push the boundaries of what is possible with NFTs as infrastructure, like RabbitHole, the most efficient way to give token rewards to high quality users on chain, Atrium, the auction house for exceptional artists to earn through commissions and create productions such as the Nouns Movie, and Curta, a capture-the-flag protocol where the best engineers create and solve on-chain puzzles to earn NFTs.

Maria was one of the first to write in-depth about NFT use cases in early 2021 when NFTs were not well understood. Since then, many use cases she outlined have become reality and sophisticated financial systems are increasingly built on top of NFTs. Maria heads experimentation across the NFT space to provide liquidity to burgeoning NFT asset markets and participate in community governance.

Outside of investing, Maria created and publishes our annual Developer Report. The Developer Report is a public good and the industry standard for understanding developer adoption since 2019. It analyzes more than 200 million code commits, 500k repositories including deep dives in Bitcoin, Ethereum, and DeFi to index developer activity across the entire crypto sector. Every year, the Developer Report receives coverage from Bloomberg, Coindesk, Decrypt, Forbes, Techcrunch, and many others. The Developer Report also powers insights that regulators use to understand crypto adoption. Maria wrote the code for the data analysis layer that generates these insights every year.

Maria is a former founder and worked on search technology at Microsoft that shipped to more than 1 billion devices.

Electric Capital is built differently – by necessity.

The process of raising capital, identifying opportunities, and deploying capital is increasingly moving on chain. Soon, venture investing will happen primarily on-chain. In the on-chain world, capital deployment is not just software-enabled, it is only possible with software.

In order to invest in a future where money is software, we must build software to deploy capital, participate in governance, and assess the quality of code both on- and off-chain. We demonstrate our commitment to this approach by also building in public alongside the ecosystem. Our engineers build systems that help builders advance crypto like the Developer Report, an index of open source developers in crypto, Codeslaw, a search engine for smart contracts made for developers, and open source tools to audit and inspect the blockchain.

If you are an engineer or have a technical background, we welcome you to apply to our open positions.

About Electric Capital
Electric Capital is one of the largest global venture capital firms focused on investing in early-stage crypto companies and protocols. Founded in 2018 by successful entrepreneurs, Electric Capital believes all capital markets will be crypto-enabled. Electric believes the next generation of iconic venture firms will be led by software engineers who have the technical depth to invest in a financial system run by code. With a team of over 60% engineers, Electric applies their experience in distributed systems, cryptography, and machine learning to each stage of the investment process. Electric invests in layer 1s, decentralized finance, NFTs, developer tooling, infrastructure, crypto-enabled fintech, privacy solutions, and marketplaces.

CONTACT: Priscilla Reed, [email protected]

SOURCE Electric Capital

PHOENIX, June 1, 2023 — Trinity Capital Inc. (NASDAQ: TRIN) (“Trinity” or the “Company”), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $30 million in growth capital to support Revelle’s efforts in developing aesthetic solutions that deliver meaningful results for women and reliable outcomes for practitioners.

Revelle has gained recognition in the market with its FDA-cleared device, Avéli, which is indicated for long-term reduction in the appearance of cellulite as supported by clinical data demonstrating treatment benefits through one year of observation. This technology is well positioned to enhance the way women address their aesthetic concerns surrounding cellulite.

Rob Lake, Senior Managing Director, Life Sciences of Trinity, said, “We are excited to be partnering with Revelle, an innovator in the MedTech industry. Their disruptive approach, coupled with the support of Trinity, will drive the development of groundbreaking technologies that address women’s aesthetic concerns in an entirely new manner.”

Through this investment, Revelle aims to bolster the growth and expansion of its operations, enabling them to further penetrate the market. The infusion of capital will aid in driving sales and support marketing initiatives to reach a wider customer base and expand production capabilities.

“This partnership with Trinity marks a significant milestone in our journey,” said Caroline Van Hove, President and CEO of Revelle Aesthetics. “Their support and expertise will accelerate our growth trajectory, allowing us to bring our innovative solution to a wider audience. With this infusion of capital, we will continue pushing boundaries and advancing our mission to empower women by providing them with safe, effective, and long-lasting aesthetic solutions.”

The market potential for women’s aesthetic solutions is large and growing. With increasing demand for effective treatments, Revelle is strategically positioned to capture a significant share of this market.

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN and TRINL), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital’s investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company’s website at www.trinitycap.com.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the Securities and Exchange Commission. Trinity undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

SOURCE Trinity Capital Inc.