Scale Venture Partners

Permit.io Raises $8 Million to Free Engineers to Write Code, Not Policies

Retrieved on: 
Thursday, February 15, 2024

"We like startups that build engineering services typically found only in big tech companies and offer them to everyone else.

Key Points: 
  • "We like startups that build engineering services typically found only in big tech companies and offer them to everyone else.
  • The Permit team has built a full stack solution that we're excited to support and help grow."
  • “Running the PDP with a sidecar pattern fits well with our containerized microservices architecture, and Permit.io's support has been fantastic.
  • It has saved us significant time, money, and resources.”
    Permit.io Approval Flows is available now for early access.

ON Partners Reshapes Executive Recruitment with AI Transformation

Retrieved on: 
Wednesday, November 15, 2023

As technological advancements rapidly reshape various industries, ON leads the charge, embracing the transformative power of AI to redefine executive recruiting.

Key Points: 
  • As technological advancements rapidly reshape various industries, ON leads the charge, embracing the transformative power of AI to redefine executive recruiting.
  • “The integration of AI into executive recruiting is a strategic necessity for ON Partners, driven by a commitment to inclusion and innovation,” said Ro.
  • “By leveraging AI, we can tap into a broader candidate pool, ensuring our search is not limited by conventional boundaries.
  • The role of AI at ON extends beyond sourcing, influencing every aspect of the executive recruiting process.

Locus Robotics Wins "Powerhouse Robotics Company of the Year" at 2023 NEVY Awards

Retrieved on: 
Tuesday, December 12, 2023

WILMINGTON, Mass., Dec. 12, 2023 /PRNewswire/ -- Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, was named "Powerhouse Robotics Company of the Year" at the 2023 NEVY awards gala hosted by the New England Venture Capital Association (NEVCA).

Key Points: 
  • WILMINGTON, Mass., Dec. 12, 2023 /PRNewswire/ -- Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, was named "Powerhouse Robotics Company of the Year" at the 2023 NEVY awards gala hosted by the New England Venture Capital Association (NEVCA).
  • The award recognizes Locus Robotics' rapid growth, technical innovation, and impact on revolutionizing warehouse productivity over the past year.
  • "We are honored to receive this prestigious recognition from NEVCA and its members," said Rick Faulk, CEO of Locus Robotics.
  • "This award speaks to the tremendous dedication and talent of the entire Locus Robotics team in building groundbreaking warehouse automation technology.

Locus Robotics Wins "Powerhouse Robotics Company of the Year" at 2023 NEVY Awards

Retrieved on: 
Tuesday, December 12, 2023

WILMINGTON, Mass., Dec. 12, 2023 /PRNewswire/ -- Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, was named "Powerhouse Robotics Company of the Year" at the 2023 NEVY awards gala hosted by the New England Venture Capital Association (NEVCA).

Key Points: 
  • WILMINGTON, Mass., Dec. 12, 2023 /PRNewswire/ -- Locus Robotics, the leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, was named "Powerhouse Robotics Company of the Year" at the 2023 NEVY awards gala hosted by the New England Venture Capital Association (NEVCA).
  • The award recognizes Locus Robotics' rapid growth, technical innovation, and impact on revolutionizing warehouse productivity over the past year.
  • "We are honored to receive this prestigious recognition from NEVCA and its members," said Rick Faulk, CEO of Locus Robotics.
  • "This award speaks to the tremendous dedication and talent of the entire Locus Robotics team in building groundbreaking warehouse automation technology.

Danish Start-up BeCause Raises Nearly $2M to Revolutionize Sustainability in the Travel and Tourism Industries

Retrieved on: 
Wednesday, November 29, 2023

COPENHAGEN, Denmark, Nov. 29, 2023 /PRNewswire/ -- BeCause, the Danish start-up transforming how the global hospitality, travel and tourism industries manage their sustainability data, announced today that it has secured $1.9 million (€1.75M) in seed funding from investors. The round, co-led by Denmark's Ugly Duckling Ventures and Estonia's Superangel.io, includes a $708,000 (€650K) open tail-end and the $1.9 million for strategic investors to join on equal terms.

Key Points: 
  • With a $450,000 angel investment from earlier this year, BeCause has raised $2.6 million (€2.4M) to date.
  • In an era of heightened consumer scrutiny and regulatory compliance, BeCause enables hotels, travel brands and marketplaces to streamline, simplify and reduce the costs of managing their sustainability data.
  • "We're very excited about BeCause's ability to improve sustainability data collection and reporting for the hospitality and tourism industries.
  • By adopting the BeCause platform, hospitality, travel and tourism brands can responsibly capitalize on this demand.

Defy.vc Welcomes Medha Agarwal as General Partner and Amy Yin as Venture Partner

Retrieved on: 
Monday, November 20, 2023

WOODSIDE, Calif., Nov. 20, 2023 /PRNewswire/ -- Defy.vc, a leading early-stage venture capital firm, is thrilled to announce two significant additions to its team. Medha Agarwal has joined as a General Partner, and Amy Yin has assumed the role of Venture Partner. This strategic expansion comes as Defy.vc remains steadfastly committed to backing extraordinary early-stage founders from its recently established $300M Fund III, unveiled earlier this year.

Key Points: 
  • Medha Agarwal has joined as a General Partner, and Amy Yin has assumed the role of Venture Partner.
  • Medha Agarwal brings a wealth of experience to her role as a former operator turned investor.
  • Prior to joining Defy.vc, Medha was a Partner at Redpoint Ventures where she led investments in companies including Whatnot, Tend, Proper Finance and more.
  • Amy Yin, Defy.vc's newest Venture Partner, significantly bolsters the investment team.

Mountain Province Diamonds Announces Third Quarter and Nine Months Ended September 30, 2023 Results

Retrieved on: 
Thursday, November 9, 2023

TORONTO, Nov. 9, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023.

Key Points: 
  • TORONTO, Nov. 9, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023.
  • 2,395,000 tonnes of ore treated in the nine months ended September 30, 2023; compared to the 2,274,000 tonnes treated for the nine months ended September 30, 2022.
  • Adjusted EBITDA2 of $123.3 million for the nine months ended September 30, 2023, compared to $153.8 million for the nine months ended September 30, 2022.
  • Earnings from mine operations for the nine months ended September 30, 2023 of $76.8 million (for the nine months ended September 30, 2022: $138.9 million).

Mountain Province Diamonds Announces Third Quarter and Nine Months Ended September 30, 2023 Results

Retrieved on: 
Thursday, November 9, 2023

TORONTO, Nov. 9, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023. All figures are expressed in Canadian dollars unless otherwise noted.

Key Points: 
  • TORONTO, Nov. 9, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023.
  • 2,395,000 tonnes of ore treated in the nine months ended September 30, 2023; compared to the 2,274,000 tonnes treated for the nine months ended September 30, 2022.
  • Adjusted EBITDA2 of $123.3 million for the nine months ended September 30, 2023, compared to $153.8 million for the nine months ended September 30, 2022.
  • Earnings from mine operations for the nine months ended September 30, 2023 of $76.8 million (for the nine months ended September 30, 2022: $138.9 million).

ESG Flo, an AI-Powered Data Infrastructure Platform, Raises $5.25 Million in Seed

Retrieved on: 
Tuesday, October 31, 2023

NEW YORK, Oct. 31, 2023 /PRNewswire/ -- ESG Flo, an AI-powered data infrastructure platform, announced today that it has secured $5.25 million in seed capital. The funding round was co-led by Rho Ignition and Tola Capital with participation from Bain & Company and Contour Venture Partners.

Key Points: 
  • Empowers Businesses to Integrate ESG Data Into Reporting & Decision Making, Funding Co-Led by Rho Ignition and Tola Capital
    NEW YORK, Oct. 31, 2023 /PRNewswire/ -- ESG Flo , an AI-powered data infrastructure platform, announced today that it has secured $5.25 million in seed capital.
  • ESG Flo launched earlier this year from Bain & Company's Founder's Studio to help businesses create a robust, auditable ESG (environmental, social, and governance) data infrastructure.
  • We're on a mission to equip businesses with precise ESG data for integrated reporting and responsible decision making.
  • ESG Flo targets customers in the industrial, manufacturing and infrastructure sectors that need a centralized way to manage their sustainability data given stakeholder pressure and level of ESG impact.

TWO BEAR CAPITAL EXPANDS SILICON VALLEY TEAM AS VC FIRM PURSUES NEW OPPORTUNITIES IN BIOTECHNOLOGY, BIOINFORMATICS, HEALTHCARE IT, MACHINE LEARNING AND AI, AND INFORMATION SECURITY

Retrieved on: 
Wednesday, October 25, 2023

MENLO PARK, Calif., Oct. 25, 2023 /PRNewswire/ -- Two Bear Capital, the venture capital firm investing in disruptors in biotechnology, bioinformatics, healthcare IT, machine learning and AI, and information security, today announced the appointment of two key executives, both of which are a part of the venture capital firm's expansion of its Silicon Valley office and operation nationwide.

Key Points: 
  • Cris Neckar, a seasoned veteran of the information security industry, joined Two Bear Capital as a Venture Partner and is focused on opportunities related to information security and machine learning and AI.
  • "I am so pleased to announce these new executive appointments at Two Bear Capital," said Two Bear General Partner J. Seth Strattan, PhD.
  • KC Cramer is leading the critical growth of our team and sharing her valuable expertise with our expanding portfolio.
  • Cris has held leadership roles at a variety of start-ups including co-founding Divergent Security, a top-tier offensive security assessment service provider.