• $5.5M financing led by Taiho Ventures LLC, with participation of existing investors, including Series Seed lead, Kizoo Technology Capital GmbH
• Fresh capital to be employed to get cellvie Series A ready by the end of 2023, by accelerating the development of the company’s technology platform, strengthening the team, and further establishing mitochondria manufacturing

ZURICH and HOUSTON, Feb. 6, 2023 — cellvie Inc., a leader in Therapeutic Mitochondria Transplantation (TMT), an approach developed at Harvard, closes a $5.5 Million financing to get Series A-ready by the end of 2023.

Mitochondria are intimately tied to the origin of complex life, the energy of the young and the decline of the old. Their dysfunction has been tied to numerous diseases, ranging from neurodegenerative ailments, over heart attacks, to age-related degeneration. “Whilst Mitochondria have been known as therapeutic targets for a long time, treating them has proven challenging”, notes Dr. James McCully, a co-founder of cellvie and inventor of TMT. That’s why he turned to transplanting viable mitochondria to reinvigorate the impaired cell energy metabolism after an ischemic shock (e.g. a heart attack).

“Given the insights gained and treatment successes shown by my co-founders, we always viewed mitochondria as a potential new category of medicines”, says Dr. Alexander Schueller, co-founder and CEO of cellvie. “To realize the modality’s potential, we have therefore focused our efforts on scalable productization – developing an allogeneic off-the-shelf product – and research on new therapeutic applications – such as in gene therapy delivery and aging.” With this additional funding, cellvie intends to accelerate and expand the development of its mitochondria platform and to further strengthen the organizational foundations. Dr. Schueller notes that “while many companies need to conserve cash and slow down shortly before raising their next round, we are now in a position to speed up and form an even stronger basis to raise our Series A.”

Taiho Ventures joins Kizoo Technology Capital as one of cellvie’s primary investors and will take a board seat to help the company realize its ambitions. “We recognized the tremendous potential in the therapeutic use of mitochondria, particularly in the fight against cancer, and we believe that cellvie is very well positioned to become a leader in this emerging field”, says Sakae Asanuma, President and CEO at Taiho Ventures. Kizoo is also a significant co-investor in this round, having gained ever more confidence in the technology and the potential of the team since leading the company’s seed round in 2020. Frank Schueler, Managing Director at Kizoo and member of the board at cellvie says: “The team has done a remarkable job in advancing our understanding and pushing the boundaries of mitochondria-based therapies. So it was only natural for us to continue to support cellvie as one of our key startups.”   

About cellvie: www.cellvie.bio.

About Taiho Ventures: https://taihoventures.com.

About KIZOO Technology Capital: www.kizoo.com and www.forever-healthy.org

Contact:
Alexander Schueller
ph: +41-44 591 89 21
email: [email protected]

SOURCE Cellvie

BUDAPEST, Hungary , Feb. 6, 2023 — Hiventures, Hungary’s most significant VC, closed another successful exit. Complytron, which offers anti-money laundering (AML) due diligence services, was acquired by Anglo-Hungarian SEON, the world’s fastest-growing fraud prevention company. After the transaction – by favour of SEON – Complytron’s solution can potentially reach new global financial players such as Revolut, Nubank, or Afterpay.    

The expanding online presence of people and businesses opens up opportunities for abuse for a new generation of criminals. Complytron, a merely 4 years-old Hungarian startup, competes with this trend with its automated customer due diligence service. Hiventures invested €400 000 in the startup in 2020, from which it is now exiting with a significant return.

The acquisition also signifies SEON’s expansion since its $94M Series B investment in April 2022. The combination of SEON’s fraud prevention solution and Complytron’s AML technology into a single platform is another major step in the battle to reduce FinCrime and will help sectors such as fintech, and ecommerce to prevent criminal activity via their platforms.

Hiventures’ portfolio now includes nearly 450 startups, making it one of the most active venture capital investors not only in the CEE region but in Europe. This exit is one of the four most significant exits realized in 2022. “We are proud of all exits, as they show that our investment concept was correct and validate our work in the market. Furthermore, we are glad that yet another innovative Hungarian solution can prove itself on the global stage,” emphasized Bence Katona, CEO of Hiventures.

About Hiventures

Hiventures, part of the Hungarian MFB Group, is one of the largest venture capital firms of Central and Eastern Europe. It supports the entire Hungarian entrepreneurial eco-system with its over EUR 420 million capital and professional competencies, including innovative start-ups with large growth potential, traditional SMEs and major corporations. Hiventures is committed to a sustainable and competitive entrepreneurial eco-system in the CEE region. For further details, visit the company website.

SOURCE Hiventures Venture Capital Fund management PLC.

• FF Global Partners LLC, the founding shareholder and a partnership of key Faraday Future management team members, helps Faraday Future secure $135 million in financing capital commitments, meeting the expected funding requirements of the Ultimate Intelligent TechLuxury FF 91 Futurist Start of Production (“SOP”)

LOS ANGELES, Feb. 5, 2023 — FF Global Partners LLC (“FFGP”), the founding shareholder and a partnership of key Faraday Future (“FF”, “FFIE”, “the Company”) executives, today announced that on February 3, 2023, with the support of FFGP, FFIE has raised $135 million in funding (including $10 Million previously funded by an investor as an advanced payment), as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements. This round of financing, which remains subject to certain conditions, including for a portion of such financing, the receipt of Company stockholder approval and an effective registration statement for the shares underlying the applicable notes, came from both FFIE’s current investors and new investors facilitated by FFGP, providing the sufficient funds for the SOP of the Ultimate Intelligent TechLuxury FF 91 Futurist by March 2023.

Separately, the Company plans to hold a special stockholders meeting on February 28, 2023, to consider a proposal to increase the authorized shares of Faraday Future Class A common stock. If approved by Faraday Future stockholders, this proposal will clear the path for FF 91 Futurist SOP and other Company strategic goals.

To meet the capital needs of ramping up the production capacity of the FF 91 Futurist, FFGP has agreed to vote all shares it beneficially owns in support of the upcoming FFIE special shareholder meeting proposals.

More importantly, the successful completion of the financing was based on the modification of a major provision in the terms of the warrants in the original financing agreements. Those warrants had a full ratchet anti-dilution provision that allowed them to receive the right to purchase additional shares in connection with financing when the Company’s stock price drops. With the help of FFGP, the relevant clause has been removed from the warrants, helping the Company and all shareholders to successfully avoid the issuance of hundreds of millions of shares which might cause additional dilution.

Over the past year, FFGP has worked to successfully attract and identify investors to help stabilize the Company’s position, at significant expense to its own economic and other rights, and has focused on the best interests of shareholders and the future of the Company.

FFGP believes their continued contribution to the Company, as majority shareholder consisting of the founding and key management team members, will allow the Company to continue to build on its recent positive developments, such as the reorganization of the Board, the crucial financing obtained with the assistance of FFGP, and the progress made in developing the Company’s business in both the US and China. These improvements have led to what FFGP believes is a positive development trajectory for FF’s various businesses and resolved the governance issues that have plagued FFIE since its listing. FFGP and its partners, including current and former core executives of the Company, have the proven commitments and key knowledge necessary to provide the crucial support and guidance to the Company, helping them achieve their short, medium and long-term goals and ensure success.

FF Global Partners is a group of core members of FF from various professional fields such as AI, internet, IT, and the automotive industry who share the same vision and values and are also referred to as a “Futurist Alliance.” Our governance structure is modeled after the Alibaba Partnership, where all partners share in entrepreneurship, ownership, risks, governance, and decision-making for FF. This approach has been a proven industry best practice and has given FF a unique competitive advantage, particularly in company culture, governance structure, and talent system. All partners represent the best interests of the company.

NO OFFER OR SOLICITATION

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This communication is not a solicitation of proxies in connection with any matter to be voted upon by stockholders.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “”future,” “propose”, “potential” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of FF Top, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the Company’s ability to satisfy the conditions precedent and close on the various financings referred to in this press release, the failure of any which could result in the Company seeking protection under the Bankruptcy Code; the failure of the conditions to the full implementation of FF Top’s governance agreement with the Company to be satisfied and other factors. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FF Top does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

CONTACT: Stephen Rice, [email protected]

SOURCE FF Top Holding LLC

• Kyma Capital, MCI and other key investors have provided new financing to support Atento
• Atento engaged Houlihan Lokey as financial advisor to assist with the fundraising
• Atento continues to work to add additional investors to the new financing as part of the Company’s long-term goals
• This significant fundraising strengthens Atento´s balance sheet and liquidity

NEW YORK, Feb. 3, 2023 — Atento S.A. (NYSE: ATTO, “Atento” or the “Company”), one of the largest providers worldwide and a leading company in customer relationship services and business process outsourcing (CRM / BPO), confirms today that it has secured its previously announced financing program. The additional capital raised will further strengthen Atento’s balance sheet and liquidity position as management focuses on transforming the business.

Atento engaged Houlihan Lokey as financial advisor to assist in this round of fundraising. As stated in the Q3 earnings call, Atento has evaluated different financial alternatives from current investors and other institutions to enhance its liquidity position. Atento will continue to work to add additional investors as part of the long-term financing goals.

Atento remains focused on driving shareholder value with significant initiatives directed at both revenue growth and operational optimization. Atento continues working to solidify its financial position while transforming and elevating Atento´s next generation customer experience. This fundraise fortifies its commitment to their +400 blue chip clients and operations in 16 countries delivering best-in-class customer experience services.

The fourth quarter has continued the positive trend by generating strong EBITDA margin growth, delivering the cash balance to close at US$ 84 million on December 31, 2022.

Atento continues to benefit from its unique leadership position in the Latin American region with a renewed sales focus on near-shore Spanish support, while also remaining on track to open its first offshore operation in the Philippines with marquee clients.

About Atento 
Atento is the largest provider of customer relationship management and business process outsourcing (“CRM BPO”) services in Latin America, and among the top providers globally. Atento is also a leading provider of nearshoring CRM BPO services to companies that carry out their activities in the United States. Since 1999, the company has developed its business model in 16 countries where it employs approximately 130,000 people. Atento has over 400 clients to whom it offers a wide range of CRM BPO services through multiple channels. Atento’s clients are mostly leading multinational corporations in industries such as telecommunications, banking and financial services, health, retail and public administrations, among others. Atento’s shares trade under the symbol ATTO on the New York Stock Exchange (NYSE). In 2019, Atento was named one of the World’s 25 Best Multinational Workplaces and one of the Best Multinationals to Work for in Latin America by Great Place to Work®. Also, in 2021 Everest named Atento as a “star performer”. Gartner named the company as a leader for two years in a row, since 2021 in the Gartner Magic Quadrant. For more information visit www.atento.com

PALO ALTO, Calif., Feb. 3, 2023 — Flatfee (Flateecorp.com), a managed marketplace connecting global small to mid-sized global sellers with legal and administrative professionals closed a $900K round led by KungHo Fund (https://www.KungHo.com) and Bixin Ventures (https://bixinvc.com/). The financing will provide important funds as Flatfee prepares for its upcoming seed round.

With this investment, Flatfee will solidify its first mover advantage providing a managed marketplace for comprehensive compliance services to small to mid-sized e-commerce sellers and app developers competing in the global market. “We look forward to building on the rapid growth Flatfee experienced in 2022 as it becomes the market leader in global intellectual property planning, remote entity formation and compliance for underserved global entrepreneurs.”

Samsun Yu, an expert on cross-border intellectual property practitioner, will be joining the company as a director to facilitate such efforts.

In a little over one year, Flatfee has expanded into 18 countries, with customer service provided in four languages, and completed close to 2,500 orders after its initial launch. Due to the strong demand in cross-border operation among e-commerce sellers and application developers, Flatfee’s sales grew an average of 20% each month of 2022. They discovered a lucrative market for integrated compliance solutions for small to mid-sized global entrepreneurs. 

KungHo Fund’s CEO and founder George Kung commented that his firm’s investment thesis for Flatfee is the rapid growth of global online sellers. Kung Ho Fund believes that Flatfee’s ability to integrate and manage professional and international service teams will make it an important player to meet the compliance needs of those global sellers.

Overseas Operation Services Inc., the operating entity of flatfeecorp.com, was formed in 2022 and focuses on prepackaged professional services to cross-border enterprises.

KungHo Fund is a venture fund formed in June 2022 as the U.S. arm of Zino Ventures, a New Zealand based venture capital firm. The fund focuses on early investments in artificial intelligence, e-commerce and bio-technology.

Bixin Venture invests in early-stage infrastructure projects that cultivate and facilitate mass adoption of open finance through permissionless and decentralized networks.

Media contact: Alfonso Gutierrez, [email protected]

SOURCE Overseas Operation Services Inc.

Digital Banking Leader to Expand Product Development, Hiring With Funds From Prominent Return Investors

SAN FRANCISCO, Feb. 2, 2023 — Digital banking platform Oxygen today announced $20 million in Series B funding – led largely by return investors – and the appointment of David Rafalovsky as Chief Executive Officer (CEO). Oxygen will use the funds to increase investment in product development and user experience around its core financial technology solutions, and to expand its workforce to meet growing demand.

Oxygen provides flexible, all-in-one digital banking services to both consumers and small businesses seeking modern financial solutions. As the first and only neobank in the U.S. to launch with both the consumer and small business in mind, the company continues to attract investment based on its rapid growth trajectory and highly engaged customer base. Today’s announcement follows a strong track record of fundraising with investments that included Y Combinator, 1984.vc, Rucker Park and Possible Ventures, in addition to celebrity and prominent fintech investors Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG; William Hockey, co-founder of Plaid; Ankur Nagpal, founder and CEO of Teachable; Peter Treadway; and all-time NFL great Larry Fitzgerald.

In alignment with its record of top-tier partnerships, Oxygen has announced the strategic appointment of David Rafalovsky as CEO. Rafalovsky becomes a major equity shareholder and succeeds Hussein Ahmed, founder of Oxygen, in the role. Ahmed launched Oxygen in January 2020 and will remain with the company in the new role of Chief Product Officer.

“This marks a new era at Oxygen where we will build upon the incredible foundation crated by Hussein and Oxygen team.  I look forward to chart the path forward for the company, building world class solutions for small businesses and gig economy participants.  Not only are small businesses driving the U.S. economy, but they also keep the American dream alive.  According to the U.S. Small Business Association, small businesses of 500 employees or fewer make up 99.9% of all U.S. businesses – Oxygen is planning to play a significant role enabling small businesses success” said David Rafalovsky, CEO of Oxygen.

A tech-first operational expert, Rafalovsky brings more than 25 years of domestic and international banking experience to take Oxygen into its next growth phase, having led the design and rollout of many innovative technology products for the world’s largest financial institutions and IT organizations.

“As the company prepares to scale its operations and further accelerate growth, David’s legacy of success as a global leader and board member ensure the value of Oxygen’s technology will continue to inspire – and engage – customers and investors,” said Ahmed. “His roots in disruptive engineering allow us to deliver on our commitment to serve anyone looking for the best digital banking solutions in the market.”

Rafalovsky’s previous positions include Group CTO and Global Head of Operations & Technology for Sber, one of the largest European digital banking ecosystems and world’s “Best Digital Consumer Bank 2021” according to Global Finance Magazine, and Managing Director, CTO of Global Functions for Citi. He is also the chairman of the board and co-founder of ROVIAL Space, which seeks to equip the new space economy with AI & robotics-based infrastructure enabling sustainable autonomous in-space businesses.

About Oxygen

Oxygen is a modern financial platform designed for the 21st-century economy – providing digital natives, creators and entrepreneurs pushing everyday boundaries a seamless experience to spend, send and save across both their personal and business lives. Available on web, iOS, and Android, Oxygen members enjoy cashback rewards, early direct deposit, simple transfers and high yield savings in addition to everyday retail and travel benefits. Businesses can start and scale their operations with integrated solutions like nationwide LLC incorporation and custom invoicing that is elegant, simple and secure. Reject ordinary. Banking for the Extraordinary.

Banking services provided by The Bancorp Bank, Member FDIC. The Oxygen Visa^® Debit Card and the Oxygen Business Visa^® Debit Card are issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

For more information, visit www.oxygen.us

SOURCE Oxygen

Maryland business supporting other businesses by providing information to help them fight back against cyber attacks

COLUMBIA, Md., Feb. 2, 2023 — TEDCO, Maryland’s economic engine for technology companies, announced today its Seed Funds invested $500,000 from its Cybersecurity Investment Fund in Foretrace, Inc., a Maryland-based cybersecurity company focused on providing cost-effective information to help secure businesses from cyber attackers. TEDCO’s Seed Funds invest in early-stage, technology and life sciences companies and provides access to gap financing.

“Successful cyber-attacks start with external reconnaissance, and adversaries know how to find exposed information and vulnerabilities that can be used to target an organization,” explains Nick Ascoli, CEO of Foretrace. “Foretrace leverages the same techniques and tools used by attackers and red teams to proactively alert our clients to vulnerabilities, information exposure, and external gaps. These findings are then used to inform businesses where they’re vulnerable, allowing them to act and keep their information secure.”

Foretrace Inc., based in Columbia, Md., is an External Attack Surface Management platform offering cost-effective foot printing and information gathering to keep organizations’ businesses safe from cyber-attacks. By integrating known attacker techniques, Foretrace provides clients with a clear image of what information adversaries could find.

“Cost-effective solutions like those that Foretrace offers may be instrumental in preventing the leak of important business information,” explains TEDCO’s chief investment officer, Jack Miner. “It’s exciting to be a part of Foretrace’s journey, helping them get their innovative business more exposure while, helping them to help others.”

Anyone looking to apply for their first investment from TEDCO Seed Funds must have started operations within seven years from the date of the application and investment. Click here for Seed Fund FAQs.

TEDCO provides funding, resources and connections that early-stage technology and life sciences companies need to thrive in Maryland. For entrepreneurs interested in applying for TEDCO funding opportunities, visit https://www.tedcomd.com/funding.

About TEDCO

TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.

Media Contact
Tammi Thomas, Chief Marketing & Communications Officer, TEDCO, [email protected]

SOURCE TEDCO

Denver-based business secures Series A Funding through partnerships with Iron Gate Capital and Kozo Keikaku Engineering.

­DENVER, Feb. 2, 2023 — KoreLock, an emerging IoT Smart Lock technology company, is pleased to announce funding to support the development and expansion of its Smart Lock technology and software platform. Private equity firm Iron Gate Capital and engineering firm Kozo Keikaku Engineering, Inc. have invested in the company alongside management.

KoreLock serves a vast market of lock manufacturers, specialty lock brands, and software companies looking to convert their existing offline locks into cloud-connected Smart Locks.

“KoreLock addresses the market need for OEM Smart Lock technology with wireless integration to access control software services,” said Grant Walter, KoreLock President and CEO. “Traditional lock companies have tried to develop their own Smart Locks but abandoned these efforts lacking the capabilities to do it themselves.”

KoreLock specializes in embedded printed circuit board solutions that help lock manufacturers overcome the complexities of developing connected Smart Locks, reduce costs, and shorten their overall time-to-market.

“KoreLock offers a unique access control solution for the lock manufacturing industry that fits well with our focus on early-growth stage B2B technology companies,” said AJ Dye, Partner, Iron Gate Capital.

KoreLock’s patent-protected technology is embedded in over 50,000 locking devices in 65+ countries and has been tested and proven for over a decade.

“KoreLock is well-positioned for accelerated growth, anchored by partnerships with industry-leading lock brands worldwide,” added Walter. “We are investing meaningfully to expand our team, solutions, and customers.” 

About KoreLock
KoreLock, Inc. is an IoT technology company that provides turnkey embedded Smart Lock solutions that enable manufacturers of door locks or access control hardware to build and sell connected locking devices. Korelock, Inc. is a privately held company based in Denver, Colorado.

About Iron Gate Capital  
Iron Gate Capital, LLC is a nationally recognized deal-by-deal private equity firm investing in market leading “early growth” technology companies on behalf of over 60 families. Iron Gate Capital is based in Boulder, Colorado.

About Kozo Keikaku Engineering, Inc. (KKE)  
KKE is a professional design and engineering firm that acts as a bridge between the academic and business worlds. KKE strives to solve various issues and challenges that society faces, utilizing its engineering expertise acquired through knowledge exchanges in diverse fields. KKE is based in Tokyo, Japan.

Contact: Grant Walter, President and CEO, KoreLock, Inc. 
[email protected], 303.681.5785

SOURCE KoreLock, Inc.

Upwardli’s inclusive credit builder product accelerates millions of credit invisible consumers into the financial mainstream

MILWAUKEE, Feb. 2, 2023 — Upwardli, a financial technology company offering credit building products for consumers new to credit, announced a $2 million Series Seed funding round led by Dundee Venture Capital, with participation from Techstars, J4 Ventures, Cascade Seed Fund, Avesta Fund, Temerity Capital Partners, Service Provider Capital, and notable angel investors.

Nearly 50 million Americans lack a credit score, according to the Consumer Financial Protection Bureau, a problem that disproportionately impacts those newly arrived to the country and the emerging Gen Z. Without established credit, these consumers are often unable to access basic financial services, from credit cards to car loans. 

Upwardli’s founding team of Aaron Gregory and Danielle Hill saw this problem firsthand as early employees at Remitly, the Seattle-based international money transfer company that serves a primarily immigrant customer base.

“The lack of established credit created barriers to accessing needed financial services,” said Aaron Gregory, Upwardli’s co-founder and CEO. “For credit-based products, it’s a total mess. Our credit system creates a chicken-and-egg problem that exacerbates these barriers and penalizes those just starting their financial life.” 

According to the company, consumers frequently experience a cycle of painful credit rejections that leaves without a clear path to reach their financial goals. Upwardli aims to change this. “We’re an onramp into the credit mainstream for millions of consumers that are traditionally overlooked and undervalued,” said Gregory.

The company’s next-generation credit building solution enables customers without a social security number or a U.S. credit file to quickly establish and build their U.S. credit score, progressively unlocking access to a range of financial products. Offered in partnership with Cross River Bank and incorporating a suite of banking services, Upwardli’s Credit Builder Plus product launched in November 2022 and is now available at www.upwardli.com. 

The company partners with financial institutions to offer its credit building solutions as an alternative to a harsh credit rejection when an applicant fails to qualify due to a lack of credit history. Upwardli helps consumers build their credit into an acceptable range and then passes the customer back to the lending institution, ready for approval.

With this funding, Upwardli will hire additional staff, add features to boost credit scores faster, and expand its partnerships with financial institutions to embed its credit builder solutions into their own product experiences. Catherine Williams of Dundee Venture Capital and Danielle Hill, the company’s co-founder and COO, joined the Upwardli Board of Directors, a rare example of a majority female Board in the financial services industry, highlighting the company’s commitment to a diverse and inclusive company culture. 

“Upwardli is an excellent example of an innovative fintech company leveraging data and technology to deliver much-needed financial services for underserved populations,” said Catherine Williams, Principal at Dundee Venture Capital. “Their inclusive credit builder product is already unlocking access to credit for creditworthy individuals across the country. Paired with their unique data and product capabilities, Upwardli is poised to deliver innovative credit products to customer segments where existing solutions are unavailable or prohibitively expensive.”

About Upwardli

Upwardli is a financial services company making credit fair and accessible to the 50 million Americans, particularly new immigrants and Gen Z, who are shut out of the U.S. credit system. Founded in 2021, Upwardli is backed by industry-leading investors, including Dundee Venture Capital, Techstars, J4 Ventures, Cascade Seed Fund, Temerity Capital Partners and Avesta Fund. The company has locations in Milwaukee and Seattle. For more information visit www.upwardli.com.

About Dundee Venture Capital

Dundee Venture Capital was formed in 2010 to lead seed rounds in regions and entrepreneurs historically underserved by venture capital. Dundee has more than $90M under management across three funds and has invested in more than 50 world-class founding teams in 20 different cities. For more information visit dundeevc.com.

SOURCE Upwardli