SVB

Olema Oncology Reports Fourth Quarter and Full-Year 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Monday, March 11, 2024

“In 2023 we demonstrated the unique opportunity ahead for palazestrant to make a meaningful impact on improving treatment options for women with ER+/HER2- breast cancer.

Key Points: 
  • “In 2023 we demonstrated the unique opportunity ahead for palazestrant to make a meaningful impact on improving treatment options for women with ER+/HER2- breast cancer.
  • Presented palazestrant monotherapy Phase 2 clinical results at the European Society for Medical Oncology (ESMO) Congress 2023 in Madrid, Spain, as an oral presentation demonstrating compelling activity in both wild-type and ESR1-mutant tumor types.
  • Non-GAAP G&A expenses were $3.1 million and $13.3 million for the quarter and year ended December 31, 2023, respectively, excluding $1.4 million and $5.5 million non-cash stock-based compensation expense respectively.
  • A reconciliation of GAAP to non-GAAP financial measures used in this press release can be found at the end of this press release.

Carputty Secures $80M In New Funds to Accelerate Growth

Retrieved on: 
Wednesday, March 6, 2024

ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Carputty (“Carputty” or the “Company”), a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. This significant investment is further bolstered by new equity contributions led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. With the investment and warehouse facility combined, Carputty's newest financial backing exceeds $80 million. Other noteworthy key investors include Porsche Ventures and University Growth Fund, who, alongside the current participants have seen Carputty raise more than $100 million in total funding, marking a substantial milestone for the company.

Key Points: 
  • Brian Foley, Market Manager at SVB, collaborated closely with Carputty to structure and launch this transformative warehouse facility.
  • “SVB continues to support fintech companies in significant growth stages, and Carputty exemplifies the innovation and impact we seek in our partners,” said Foley.
  • The new warehouse facility, structured under a two-year term compared to the previous six-month term, serves as a robust growth facilitator for Carputty.
  • Patrick Bayliss, Co-Founder and CEO of Carputty, hailed the momentous occasion as a testament to the company's evolution.

Geron Corporation Reports Business Highlights and Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

Geron Corporation (Nasdaq: GERN), a late-stage clinical biopharmaceutical company developing investigational first-in-class telomerase inhibitor, imetelstat, to treat hematologic malignancies, today reported business highlights and financial results for the fourth quarter and full year 2023.

Key Points: 
  • Geron Corporation (Nasdaq: GERN), a late-stage clinical biopharmaceutical company developing investigational first-in-class telomerase inhibitor, imetelstat, to treat hematologic malignancies, today reported business highlights and financial results for the fourth quarter and full year 2023.
  • The FDA assigned a Prescription Drug User Fee Act (PDUFA) action date of June 16, 2024 to the NDA.
  • In September 2023, the European Medicines Agency (EMA) validated the Marketing Authorization Application (MAA) for imetelstat in the same proposed indication as the NDA.
  • Geron will host a conference call at 8:00 am ET on Wednesday, February 28, 2024, to discuss business updates and fourth quarter and full year 2023 financial results.

Claroty Secures $100 Million in Strategic Growth Financing

Retrieved on: 
Wednesday, March 6, 2024

NEW YORK, March 6, 2024 /PRNewswire/ -- Claroty, the cyber-physical systems protection company, today announced it has secured $100 million in strategic growth financing. Participants include lead equity investor Delta-v Capital, as well as AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. Combined with Claroty's existing $635 million in funding to date, this new financing further establishes the company's leadership position in the critical infrastructure cybersecurity market.

Key Points: 
  • Up-round investment to accelerate vertical and regional expansion, product innovation, and strategic partnerships
    NEW YORK, March 6, 2024 /PRNewswire/ -- Claroty , the cyber-physical systems protection company, today announced it has secured $100 million in strategic growth financing.
  • Combined with Claroty's existing $635 million in funding to date, this new financing further establishes the company's leadership position in the critical infrastructure cybersecurity market.
  • The financing comes shortly after a momentous year for Claroty, which now works with 20% of the Fortune 100.
  • "The New York Corporate Banking team is excited to support Claroty with this new strategic growth financing," said Sameer Paul, Director of Silicon Valley Bank.

eMerge Americas Announces Armando Christian Perez (aka Pitbull) as Keynote Speaker

Retrieved on: 
Tuesday, March 5, 2024

MIAMI, March 5, 2024 /PRNewswire/ -- eMerge Americas, the premier technology conference and expo shaping the future of tech, is excited to announce Grammy-Award® Winning Global Artist, Entrepreneur, Investor + Education Ambassador  Armando  Christian Perez, also known as Pitbull, will be a keynote speaker at the eMerge Americas 2024 Conference. Celebrating its 10th anniversary, the conference will take place on April 18-19, 2024 at the Miami Beach Convention Center.

Key Points: 
  • MIAMI, March 5, 2024 /PRNewswire/ -- eMerge Americas , the premier technology conference and expo shaping the future of tech, is excited to announce Grammy-Award® Winning Global Artist, Entrepreneur, Investor + Education Ambassador  Armando Christian Perez, also known as Pitbull, will be a keynote speaker at the eMerge Americas 2024 Conference.
  • "305 Day in Miami embodies the vibrant spirit and innovation that defines our city, and there's no better day to announce the return of Mr. 305 himself, Armando Christian Perez, also known as Pitbull, as a keynote speaker at eMerge this year," said Melissa Medina, CEO and Co-Founder of eMerge Americas.
  • eMerge Americas is also excited for the return of the eMerge VIP Experience, sponsored by Silicon Valley Bank.
  • For opportunities to sponsor or partner with eMerge Americas, please visit emergeamericas.com/sponsor/ or contact our sponsorship team at [email protected] .

Rhombus Secures $26M+ in funding to Propel Cloud-Managed Physical Security Innovation

Retrieved on: 
Tuesday, February 27, 2024

Additionally, in the last year, Rhombus has made outstanding progress in augmenting its ecosystem while continuing to focus on growth and optimization.

Key Points: 
  • Additionally, in the last year, Rhombus has made outstanding progress in augmenting its ecosystem while continuing to focus on growth and optimization.
  • Highlights include:
    As Rhombus continues to grow, they remain focused on producing innovative approaches to security infrastructure at scale.
  • Rhombus values innovation, integrity, and simplicity, aiming to make physical security stress-free while maintaining high ethical standards.
  • With this funding, Rhombus is poised to continue our trajectory of rapid growth" said Garrett Larsson, CEO of Rhombus.

First-Ever Copy-Trading Platform dub Raises $17M Seed Round From A-List VCs and Individual Investors

Retrieved on: 
Thursday, February 22, 2024

NEW YORK, Feb. 22, 2024 /PRNewswire/ -- dub, the first copy-trading platform in the U.S., today announced a $17 million funding round from a group of venture capital firms and individual investors including the CEO of Uber and Co-founder of Robinhood.

Key Points: 
  • dub allows everyday investors to replicate the portfolios of emerging investment managers, famed hedge funds, or elected officials with a single tap.
  • The funding also includes a $2 million venture debt facility provided by Silicon Valley Bank (SVB), a division of First Citizens Bank.
  • With the simple-to-use dub app, everyday investors can choose to copy portfolios with the same ease of buying a single stock.
  • The same investors, or any individual on dub, can also avail their own investment portfolios to be copied.

Avrio Announces The Appointment of Co-Founder Lawrence Wintermeyer as CEO

Retrieved on: 
Friday, February 16, 2024

NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Avrio Worldwide (Avrio) has announced that it has appointed co-founder Lawrence Wintermeyer as CEO.

Key Points: 
  • NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Avrio Worldwide (Avrio) has announced that it has appointed co-founder Lawrence Wintermeyer as CEO.
  • Wintermeyer has held roles chairing regulated alternative investment funds in managed futures, energy, and global reinsurance following a career in advisory services in Big 4 management consultancy serving the global financial services sector.
  • Arkonis uses the technology to operate an ATS, a qualified matching engine, and a quotation bureau in the United States.
  • Says Wintermeyer, “I am delighted on the appointment to CEO.

Risk cultures can make or break banks

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- A new report released today by ACCA (the Association of Chartered Certified Accountants) examines the impact of risk cultures in the banking industry and how financial institutions can learn from the failures of the likes of Credit Suisse and SVB.

Key Points: 
  • Part of ACCA's ongoing series of publications exploring what drives risk governance and cultures across different industries, the report "Risk cultures in banking: Where next?"
  • sheds new light on the pressing need for the banking sector to adapt and innovate risk governance and culture.
  • A strong risk culture supports this, ensuring trust in information for resilience and prudent risk taking."
  • By sharing stories, they can raise risk awareness, promote new insights, and influence organisational performance, which is what effective risk cultures are all about," she adds.

DealFlow Events Announces the 2nd Annual Venture Debt Conference 2024

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- via IBN – DealFlow Events, host and organizer of hundreds of investment themed conferences over the past two decades, is proud to announce the 2nd Annual Venture Debt Conference 2024 , the world’s largest forum dedicated to non-dilutive financing strategies for emerging growth companies.

Key Points: 
  • NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- via IBN – DealFlow Events, host and organizer of hundreds of investment themed conferences over the past two decades, is proud to announce the 2nd Annual Venture Debt Conference 2024 , the world’s largest forum dedicated to non-dilutive financing strategies for emerging growth companies.
  • The full-day forum will focus on the growing role of venture debt and the varied forms of financing that minimize ownership dilution.
  • The Venture Debt Conference offers unique opportunities for networking, as well as in-depth discussions of nondilutive loan strategies for VC-backed and emerging growth companies.
  • The Venture Debt Conference 2024 is free to attend for executive-level employees or board directors at qualifying private companies or those representing a venture-backed or emerging growth company contemplating venture debt.