Vouched now covers more than 85% of the global population, as demand accelerates for its platform to securely automate KYC and KYP compliance to better serve patients and drive revenue

SEATTLE, Feb. 27, 2023 — Vouched, an AI-driven identity verification platform, today announced $6.3 million financing led by BHG VC and SpringRock Ventures, as well as prior investors Darrell Cavens and Mark Vadon.

Vouched’s expansion plans build upon the company’s rapid growth over the past year. The company now serves more than 300 banks, fintechs, and healthcare providers, including Alloy and Hims Health. Vouched’s proprietary AI and computer vision platform now covers more than 85% of the global population.

“Vouched delivers the industry’s most accurate and seamless identity verification AI, enabling companies to securely accelerate onboarding, provide frictionless customer experience, and unlock new growth opportunities,” said John Baird, CEO, Vouched. “We look forward to enhancing the value of our identity verification platform to the healthcare market, and ensuring we remain a trusted partner-of-choice for businesses in highly regulated markets who want a solution that can prioritize both compliance and growth.” 

As businesses continue to migrate toward digital-first strategies, fast and accurate identity verification tools will become the de facto standard. By 2030, digital identity is forecast to create economic value equivalent to six percent of GDP in emerging economies on a per-country basis and three percent in mature economies, according to a report from McKinsey Digital. It is more critical than ever for financial and healthcare verticals to ensure they are in full regulatory compliance while remaining focused on delivering a secure and seamless online experience to their existing and prospective customers.

“SpringRock Ventures recognizes the increasing importance of high reliability, real-time identity verification for expanding, consumer centric businesses such as telehealth, banking, or hospitality.” said Kirsten Morbeck, Managing Director. “Vouched has built an automated, AI-powered, proprietary solution that is faster, more accurate, more configurable, more scalable and less expensive than existing solutions. Vouched is poised to be a leader in providing this lynchpin of consumer confidence and transaction security to help businesses grow faster.”

“Covid-19 has accelerated demand for digital identity verification while fundamentally shifting more business processes online,” says Andrew Stone SVP, Fraud Management & Financial Crimes. “With this knowledge, BHG VC has been impressed by the platform’s growth and development, and we’re excited for the company’s success in regulated industries, including financial services and healthcare.”

The company will use its latest financing to enhance its platform, recruit top-tier talent, and extend its support for financial services and healthtech businesses. Founded in 2018, Vouched has raised more than $18 million to date.

About Vouched

Vouched is an industry leading provider of AI-based identity verification for regulated and commercial businesses who need to quickly and accurately verify individuals in order to provide access to services, while minimizing fraud risk. Vouched delivers identity verification for anyone, anywhere, providing a multi-dimensional, dynamic verification of any individual’s identity, including hard-to-identify populations. Vouched is the only IDV solution that is adaptive to ensure customer growth and acquisition goals are met, while maintaining compliance requirements through a proven, deterministic decision process that leads the industry in definitive response rates. Based in Seattle, Vouched is privately held and backed by Madrona Venture Labs, Mark Vadon and Darrell Cavens, Ascend Ventures, Flying Fish VC, BHG VC, SpringRock Ventures, SeaChange Ventures. Learn more at Vouched.id and follow us on LinkedIn.

Media Contact
Kristen White, Oak Street Communications
[email protected]
415.608.6060

SOURCE Vouched

RIYADH, Saudi Arabia, Feb. 26, 2023 — Dar Al Arkan today announced the admission of Dar Global PLC, its independent international development subsidiary, to the Standard Segment of the Official List of the FCA and to the Main Market of the London Stock Exchange. The official direct listing on the London Stock Exchange makes Dar Al Arkan one of the first Saudi homegrown brands to list on the London stock exchange.   

Building on the legacy of Dar Al Arkan, the largest real estate company in Saudi Arabia and the region, Dar Global has embarked on a journey to establish a highly differentiated international real estate business focusing on developing projects comprising luxury second and vacation homes for its global clientele, in some of the most quintessential, handpicked locations across the Middle East and Europe, including downtown Dubai, Qatar, Oman, London and the Costa del Sol region in Southern Spain.

While building a robust portfolio, the company collaborates with global luxury brands, including Missoni, W Hotels, Versace, Elie Saab, Automobili Pagani, and Automobili Lamborghini.

Along with an extensive pipeline, Dar Global currently has eleven premium projects in six different countries, with three of its developments, Urban Oasis, the Da Vinci Tower in Dubai, and Sidra in Bosnia, set to be completed in Q4 2023.

Yousef Al Shelash, Chairman, Dar Al Arkan, commented on the milestone: “This is an extremely proud moment for us. After pioneering a distinct approach to development in the Kingdom’s real estate sector, we believe it is time further to diversify the group’s offerings across international communities with Dar Global. London is the ideal venue as Dar Global looks to access a larger pool of investors and partners to support its expansion ambitions in the global luxury real estate landscape. We thank the Ministry of Investment in Saudi Arabia for facilitating and supporting our global expansion and assisting us in spreading the brand of Saudi Arabia globally.”

Dar Global was established in 2017 and will be steered by a highly experienced international executive team led by industry stalwarts like Ziad El Chaar as the Chief Executive Officer and David Hunter as the Independent Non-Executive Chair of the board of directors.  Liberum Capital Limited acted as Capital Markets Adviser on the listing and Norton Rose Fulbright LLP acted as legal adviser on the listing.

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SOURCE Dar Al Arkan

Additional funding increases the total amount raised to more than $376 million and will boost global technology development and company growth

TOKYO, Feb. 26, 2023 — Astroscale Holdings Inc. (“Astroscale”), the market leader in satellite servicing and long-term sustainability across all orbits, has closed a Series G round with more than U.S. $76 million in funding from new investors Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation.

With the closing of this round, Astroscale has raised a total of approximately U.S. $376 million since establishment, demonstrating strong investor confidence in its stability, success and market leadership in the on-orbit services sector, despite the extremely challenging global economic climate.

“We are pleased with the interest we received from our investors, which conveys a vote of confidence in Astroscale’s vision and potential,” said Nobu Okada, Founder & CEO of Astroscale. “On-orbit servicing is a necessary infrastructure for a sustainable and growing space economy, and the key to reducing risk and increasing returns for satellite operators. We are on a mission to make on-orbit servicing routine by 2030, and these funds will significantly contribute to further innovative technology development, global expansion and increased capacity to meet the growing demand.”

“Mitsubishi Electric is working to promote the use of space in the security sector, which strongly connects with Astroscale’s efforts to build a sustainable space economy for future generations,” said Masahiko Arai, General Manager of the Defense Systems Division of Mitsubishi Electric. “We are excited to invest in Astroscale and looking forward to cooperate and merge our collective expertise in supporting their business strategy and development of innovative technologies.”

The global economy is more dependent on satellite services than at any time in history, and this dependence is only rising. The number of space debris objects in low-Earth orbit is exponentially increasing, posing a threat to all who benefit every day from these services. These risks, and the wasted value and opportunity inherent in single-use space operations, have driven Astroscale to pioneer on-orbit services such as end-of-life removal of satellites, active debris removal, in-space situational awareness and satellite life extension.

Astroscale has a variety of missions and projects underway around the world:

Astroscale Japan is under contract with JAXA for Phase I of the Commercial Removal of Debris Demonstration Project (CRD2), which will characterize an upper stage rocket body in orbit. It was also selected as a contract partner for a technology study in Phase II of CRD2, which would involve removing a large-scale debris object from orbit.

Astroscale UK is developing an active debris removal mission, Cleaning Outer Space Missions through Innovative Capture (COSMIC), in partnership with the UK Space Agency, and plans to demonstrate the ELSA-M servicer in 2024 in partnership with OneWeb, the UK Space Agency and the European Space Agency.

Astroscale U.S. and Astroscale Israel teams are global leaders in building the technology and mission plan for Life Extension services. The Astroscale U.S. team is also working with several U.S. government agencies, including the Air Force Research Laboratory and Space Force, on R&D for satellite servicing.

A previous mission, End of Life Services by Astroscale-demonstration (ELSA-d), successfully demonstrated a series of key technologies required for space debris removal in 2021 and 2022, a milestone for on-orbit servicing and an unprecedented achievement for a commercially funded mission in LEO.

To develop its services and meet increasing demand from customers, Astroscale is expanding its workforce and has opened new facilities in the UK, U.S., and Israel, with a global headquarters facility set to open in Tokyo later this year. Astroscale has been able to attract high quality talent from around the world, and its global team has grown by 63% to over 400 members since its last funding round in November 2021.

PJT Partners acted as financial advisor to Astroscale on this transaction.

About Astroscale
Astroscale is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations and is dedicated to on-orbit servicing across all orbits.

Founded in 2013, Astroscale is developing innovative and scalable solutions across the spectrum of on-orbit servicing, including life extension, in situ space situational awareness, end-of-life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. Astroscale is also defining business cases and working with government and commercial stakeholders to develop norms, regulations, and incentives for the responsible use of space.

Headquartered in Japan, Astroscale has an international presence with subsidiaries in the United Kingdom, the United States, and Israel. Astroscale is a rapidly expanding venture company, working to advance safe and sustainable growth in space and solve a growing environmental concern.

Find out more about Astroscale at www.astroscale.com.

SOURCE Astroscale Holdings

TOKYO, Feb. 26, 2023 — Mitsubishi Electric Corporation, a leading defense and space company, and Astroscale Holdings Inc., the market leader in satellite servicing and long-term sustainability across all orbits, announced today that Mitsubishi Electric has invested U.S. $25 million in Astroscale’s Series G funding round. Separate from the investment, the companies have agreed to collaborate in the joint development and manufacturing of sustainably designed satellite buses for Japanese national security constellations.

The satellite buses will be equipped with an Astroscale docking plate, similar to a car tow hook, with a standardized interface. This allows other spacecraft to dock with and move or remove satellites if they are unable to deorbit themselves at the end of their operational lives. Preparing satellites in this sustainable manner minimizes costs and maximizes safety for future on-orbit servicing.

“The world depends on satellites more than ever before, so if the orbital environment is disrupted or becomes unusable, our lives will be irrevocably changed,” said Nobu Okada, Founder and CEO of Astroscale. “Space is a special domain shared by the equally important commercial, civil and defense sectors. We are proud to partner with Mitsubishi Electric to assure that our orbital environment remains safe, secure and sustainable, and that more objects operating in space are designed for future servicing and removal.”

About Mitsubishi Electric
With more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognised world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company recorded a revenue of 4,476.7 billion yen (U.S.$ 36.7 billion*) in the fiscal year ended March 31, 2022. For more information, please visit www.MitsubishiElectric.com
*U.S. dollar amounts are translated from yen at the rate of ¥122=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2022

About Astroscale
Astroscale is the first private company with a vision to secure the safe and sustainable development of space for the benefit of future generations and is dedicated to on-orbit servicing across all orbits.

Founded in 2013, Astroscale is developing innovative and scalable solutions across the spectrum of on-orbit servicing, including life extension, in situ space situational awareness, end-of-life, and active debris removal, to create sustainable space systems and mitigate the growing and hazardous buildup of debris in space. Astroscale is also defining business cases and working with government and commercial stakeholders to develop norms, regulations, and incentives for the responsible use of space.

Headquartered in Japan, Astroscale has an international presence with subsidiaries in the United Kingdom, the United States, and Israel. Astroscale is a rapidly expanding venture company, working to advance safe and sustainable growth in space and solve a growing environmental concern.

Find out more about Astroscale at www.astroscale.com.

SOURCE Astroscale Holdings

RICHMOND, Va., Feb. 24, 2023 — NeoSwap AI, an AI-powered NFT trading startup, has just closed its pre-seed investment round at a valuation of $15 million, securing $2 million from prominent investors. The round was led by Digital Asset Capital Management (DACM) and AngelHub, and included participation from Gossamer Capital, Cavalry Asset Management, Stacks Ventures, Dhuna Ventures, and several angel investors.

Richard Galvin, Co-Founder and CEO of DACM stated “A key promise of blockchain disruption is to provide the technology for the world’s trading settlement layer. NeoSwap is creating a novel yet compelling use of this settlement layer to enhance liquidity and utility amongst non-fungible assets. NFTs are an exciting first use-case and testing ground but the end market extends into almost all areas of traditional finance as assets continue to digitize. DACM is excited to start this journey with John and the NeoSwap team.”

NeoSwap AI seeks to revolutionize commerce with its multi-party, multi-item trading platform powered by artificial intelligence. Its proprietary algorithms allow for efficient trade discovery using digital assets and minimal currency, offering a new and more efficient form of commerce compared to traditional centralized methods that require greater liquidity. The company also recently made history with the world’s first Ordinals NFT smart auction, hosting the event for Brian Laughlan, creator of the notable “Satoshibles” NFT project.

Dr. John Ennis, CEO and co-founder of NeoSwap AI, holds a Ph.D. in Mathematics. He completed his post-doctoral studies in Computational Neuroscience and previously founded Aigora, a successful enterprise AI services company. Prior to founding NeoSwap, Dr. Ennis worked alongside NeoSwap’s other two co-founders Hamza Diaz and Kuba Kwiecien at Aigora, where they were employed as Director of Technology and Head of AI, respectively. Other founding team members include Kieran Parker-Moroney, Chief Strategy Officer, who has a wealth of experience in VC, early-stage tech, and the Web3 space; and Pawel Kurzeja, Chief Operating Officer, ex-IBM.

“NeoSwap is transforming the world economy through personalized, accessible, and efficient trade discovery,” said Dr. Ennis. “We believe the ideas inside NeoSwap will prove as valuable as the steam engine for unlocking latent but previously inaccessible economic value.”

NeoSwap AI plans to raise their seed round later this year. For more information please get in touch via [email protected] or for investors [email protected].

SOURCE NeoSwap AI

WorkLLama raises investment to continue evolving its platform of products to serve enterprise and staffing markets

ALPHARETTA, Ga., Feb. 24, 2023 — WorkLLama, technology provider of an AI-driven, talent marketing, relationship management, and direct sourcing suite, today announced it has secured $50 million in investments, an indication of the market’s demand for modern technology to access highly skilled, on-demand talent at scale.

With the new funds in place, WorkLLama will continue growing its team to keep up with the exponential growth, accelerate product enhancements to keep its competitive edge, embark on strategic acquisitions over the next 12 months, invest in continued automation, and continue to expand its presence across North America, Europe, and Asia Pacific. 

“A customer’s number one asset is its people. This latest round of investment in WorkLLama cements our position in the market and allows us to further solve their number one challenge—access to talent and delivering on our promise to look at talent holistically,” said Sudhakar Maruvada, Founder and CEO, WorkLLama. “Our platform makes it simple to find, engage, and nurture talent, leading to a superior user experience for both customers and candidates alike. This means access to engaged talent ready to work for your organization and invested in doing so.”

Allen Born, Director of Fairmount Partners, commented, “It was a great pleasure working with Sudhakar, Saleem, and their team to leverage their experience in total talent management to find the ideal capital partner for the next phase of WorkLLama’s growth. We see a bright future for the company and wish the WorkLLama team continued success in the future.” 

Today’s enterprises, and the staffing agencies that support them, are becoming increasingly reliant on new ways to find and engage talent. It’s WorkLLama’s goal to help connect talent with roles that are meaningful and allow them to engage easily with brands in their chosen field. WorkLLama’s talent marketing and relationship management capabilities, coupled with its conversational chatbot, Sofi, crowdsourced referral engine, and dynamic talent communities, mean people, suppliers, and companies are connected faster than ever before.

“WorkLLama helps companies leverage their own brand to create powerful candidate experiences. Existing talent channels are underperforming, and organizations are struggling to find quality talent for open roles, making workforce planning a challenge,” said Saleem Khaja, Co-Founder and COO, WorkLLama. “This additional funding means we can continue to invest in our enterprise-grade platform, empowering customers and candidates with the proficiency they deserve and one simple, unified way to manage it all.”

Since its founding in 2016, the WorkLLama team has grown to over 100 employees with customers across four continents. It delivered, on average, a 20% external labor cost reduction and a 66% reduction in time-to-hire for customers. 

Fairmount Partners served as exclusive financial advisor to WorkLLama.

About WorkLLama

WorkLLama is a total talent management and engagement suite. We create communities of highly engaged talent with a single, modern, AI-driven talent marketing, relationship management, and direct sourcing platform. Visit us at www.workllama.com. Follow us on LinkedIn.

SOURCE WorkLLama

HOUSTON, Feb. 24, 2023 — FibroBiologics, a clinical-stage company focused on the development of fibroblast cell-based therapeutics for chronic diseases, today announced they have raised the highest amount per biotech investor in StartEngine history surpassing $6,900/investor as an average investment size. StartEngine is one of the largest equity crowdfunding platforms in the U.S., led by Activision Co-Founder Howard Marks and advised by Kevin O’Leary. StartEngine launched in 2015 with the mission to help entrepreneurs achieve their dream while enabling everyday people to access private investment opportunities. To date, over $650 million has been raised for startups and alternative assets on the StartEngine platform from more than 1 million users. 

“We are excited to see that the adoption of this offering by the investment community has surpassed our most optimistic projections,” said FibroBiologics’ Founder and CEO, Pete O’Heeron. “Our dedication to breakthrough science and our commitment to creating cures for chronic diseases using our proprietary cell therapy is creating unprecedented momentum from the StartEngine platform and the amount of ‘inbound’ interest is a tremendous validation of our work for a “next- generation” cell therapy.”

For more information, please visit FibroBiologics’ website or email FibroBiologics at [email protected]. To invest in FibroBiologics, please go to the company’s campaign on StartEngine startengine.com/fibrobiologics.

About FibroBiologics
Based in Houston, FibroBiologics is a cell therapy, regenerative medicine company developing a pipeline of treatments for chronic diseases using fibroblast cells. FibroBiologics holds 150+ US and internationally issued patents/patents pending across various clinical pathways, including disc degeneration, orthopedics, multiple sclerosis, wound healing, reversing organ involution, and cancer. FibroBiologics represents the next generation of medical advancement in cell therapy. For more information, visit www.FibroBiologics.com.

Contact
[email protected]

SOURCE FibroBiologics

Equity investment continues PNC’s support for innovative approaches to developing cost-effective, scalable solutions to California’s affordable housing shortage and homelessness crisis

LOS ANGELES, Feb. 24, 2023 — SoLa Impact announced a $7.5 million investment by PNC Bank’s Community Development Banking group in SoLa Impact’s Black Impact Fund, also known as SoLa Fund IV. PNC’s equity investment in Los Angeles’ leading, Black-led housing developer will fund the development of new affordable housing units for residents earning well below the Area Median Income (AMI). SoLa’s Black Impact Fund, its fourth fund, expects to add more than 3,000 workforce and affordable housing units in Black and brown communities in Southern California. 

“We are excited to partner with PNC Bank to address the crisis of housing affordability in California,” said Martin Muoto, founder and CEO of SoLa Impact. “Investments like these enable us to build more units to serve more residents of communities that are burdened by high costs of living. PNC’s commitment to the intended outcomes of the Community Reinvestment Act (CRA) goes beyond investing in minority communities and is further demonstrated by doing so with Black-led operators such as SoLa Impact. This investment allows the Black Impact Fund to continue to scale its production of affordable and workforce multifamily assets, which in turn allows us to reduce the cost of delivering these units. Ultimately, the goal is to deliver superior returns not only to our investors, but also to our community.”

“As a national main street bank, PNC Bank is focused on making a real impact in communities throughout the Greater Los Angeles area,” said Todd Wilson, PNC regional president for Greater Los Angeles. “This investment in the Black Impact Fund enables us to provide solutions to Southern California’s affordable housing shortage and reinforces our commitment to work with leading organizations like SoLa to address the housing affordability gap in the communities we serve.”

PNC’s investment stems from its $88 billion Community Benefits Plan, which will provide loans, investments and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities over a four-year period that began Jan. 1, 2022. As part of the allotted $88 billion, PNC has committed to provide at least $14.5 billion in community development loans and investments across all markets, including at least $400 million for Community Development Financial Institutions (CDFIs) that help meet the banking and financial service needs of traditionally underserved communities.

The Community Benefits Plan builds on PNC’s commitment to providing economic opportunity for all individuals and communities, including LMI and minority individuals and communities, as well as women, veterans and LGBTQ+ individuals and businesses. In addition, the Plan reflects PNC’s commitment to addressing systemic racism, promoting social justice and advancing diversity and inclusion, not just within PNC, but within the broader financial system and its communities.

PNC’s investment into SoLa’s Black Impact Fund demonstrates to Los Angeles that PNC is committed to development and reinvestment in its underserved communities. PNC is among several large banks that understand SoLa’s data-driven approach to affordable housing and community engagement, especially in low- and moderate-income areas that have historically been undervalued and overlooked.

In the Black Impact Fund, SoLa Impact has raised $300 million from leading institutional investors and community-focused banks, high net-worth individuals, and family offices. Its unique combination of cost-disciplined, for-profit development, standardization of building processes and community engagement, has made SoLa one of the largest developers of affordable and workforce housing in Southern California with over 1,500 units under management and another 3,000 in the pipeline. More information on SoLa Impact can be found at www.solaimpact.com.

About PNC Bank

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

About SoLa Impact

SoLa Impact is a family of real estate funds with a double bottom line strategy focused on preserving, rehabbing, and building high-quality affordable housing in Black and brown communities. SoLa’s proven track record leverages data-driven social impact strategies to deliver strong financial returns. SoLa Impact’s fourth fund, the Black Impact Fund, is part of an initiative to invest over $1 billion in affordable and workforce housing and related social impact strategies across urban cities in California. 

CONTACTS

SoLa Impact Media Contact:
Karen Lewis
(323) 424-9400
[email protected]

Black Impact Fund:
Felicia Allen
[email protected]

PNC Media Contact:
Patrice Smith
(202) 718-5069
[email protected]

SOURCE SoLa Impact

Kemiex has secured equity investments from the strategic investment arm of CME Group, CME Ventures, the global data and analytics company DTN, as well as the family office Wille Finance. Investors add extensive capabilities and network in commodity trade, risk management and data.

•  Investors are global leaders in trade and data, facilitating the profitable growth of Kemiex
• Capital deployed to enhance technology, expand product scope beyond nutrition and health
• Investors will together help Kemiex accelerate its go to market via their extensive network in Agriculture, Chemicals and other physically traded raw materials.

ZURICH, Feb. 24, 2023 — Kemiex AG, a specialised and fast-growing provider of procurement, sales and intelligence platforms for physical raw materials, has secured investment funding from CME Ventures, DTN and Wille Finance. The details of the authorised capital increase were not disclosed.

The combined capital and capabilities will help Kemiex rapidly elevate its global trade hub to an institutional, enterprise level solution. Kemiex plans to enhance its apps and white-label platforms for raw material procurement, sales and analytics to facilitate trade and risk management for customers, helping them solving complex challenges such as Product Carbon Footprint (PCF) and GHG reporting.

The investment funding will allow Kemiex to tap into new resources as well as other financial, distribution, data engineering and analytic expertise to further accelerate growth. Kemiex will also expand product coverage beyond human and animal nutrition and health ingredients to agrochemicals, and other chemicals and raw materials.

Pau Franquet, CEO and Co-founder of Kemiex: “We’re pleased to welcome our new strategic shareholders to further institutionalise and step-up our game in providing meaningful, independent trade and intelligence solutions to nutrition, chemicals and other raw material markets globally. Our customers will benefit from better technology. data and business opportunities.”

Owain Johnson, Managing Director, Global Head of Research and Product Development, CME Group: “Kemiex’s vertically focused B2B marketplace and digital spot trading technology for physical raw materials offers exciting opportunities in workflow-embedded creation of indices, analytics, data distribution and risk management.”

Marc Chesover, President, and CEO of DTN: “The Kemiex team has shown admirable focus in executing their vision of building a disruptive trade and information platform for animal nutrition, health, and related sectors. We are delighted to support them through the synergies we share in the agriculture sector as well as the DTN expertise in developing sophisticated commodity and supply chain intelligence platforms from both the data and transactional perspective.”

Reto Hertler, Head Private Equity & Venture Capital at Wille Finance: “Kemiex has shown the capability to disrupt an inefficient industry value chain with technology. We are very happy to team up with Kemiex in order to accelerate the growth and bring in our experience in scaling companies.”

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SOURCE Kemiex AG