Venture capital financing

The Rise Fund to Make Majority Investment in Outcomes First Group Joined by Investcorp

Retrieved on: 
Tuesday, December 12, 2023

The Rise Fund is making a majority investment in OFG with Investcorp making a minority investment.

Key Points: 
  • The Rise Fund is making a majority investment in OFG with Investcorp making a minority investment.
  • “This is the start of an exciting new chapter for Outcomes First Group,” said David Leatherbarrow, CEO of Outcomes First Group.
  • Moelis & Company served as financial advisor to The Rise Fund and Investcorp in relation to the transaction.
  • Ropes & Gray and Gibson, Dunn & Crutcher served as legal counsel to The Rise Fund and Investcorp respectively.

DLA, LLC Announces Hiring of Steven Morris Managing Director, Accounting Advisory

Retrieved on: 
Tuesday, November 28, 2023

DLA, LLC is pleased to announce the appointment of Steven Morris, CPA, as Managing Director in the Accounting Advisory Group, effective November 27.

Key Points: 
  • DLA, LLC is pleased to announce the appointment of Steven Morris, CPA, as Managing Director in the Accounting Advisory Group, effective November 27.
  • Based in New York City, Steven will predominantly operate from the DLA NYC office while collaborating closely with team members across the entire Accounting Advisory Group.
  • Steven brings over 17 years of distinguished experience in strategic finance, capital markets, and operational excellence in real estate.
  • David Landau, Founder & CEO of DLA, expressed enthusiasm about Steven's addition, stating, "We are thrilled to welcome Steven Morris to DLA.

New Courses, Growing Initiatives Prime University of Oklahoma Business Students for Growing Venture Capital Landscape

Retrieved on: 
Thursday, November 30, 2023

"We've built relationships with several venture capital firms to create opportunities for our students to gain hands-on experience in this growing field," Phelps said.

Key Points: 
  • "We've built relationships with several venture capital firms to create opportunities for our students to gain hands-on experience in this growing field," Phelps said.
  • Students first take Stanfield's class, Venture Capital Finance I, which focuses on quantitative aspects of venture capital, difficulties and solutions to valuation, deal structure and economic challenges to navigate in venture capital.
  • The second course in the sequence led by Bolen, Venture Capital Finance II, focuses on practical aspects of venture capital through case study, practicum and engagement with local venture capitalists and entrepreneur guest speakers.
  • Crimson Prairie Ventures, a venture capital training organization, offers students a comprehensive, 10-week venture-capital bootcamp exploring the fundamentals of venture capital.

Attack Surface Management Technology Provider Cavelo Announces CAD$5M Funding Round

Retrieved on: 
Wednesday, November 8, 2023

KITCHENER, Ontario, Nov. 8, 2023 /PRNewswire-PRWeb/ -- Attack surface management technology provider Cavelo Inc. today announced it has secured CAD$5M in venture capital financing led by Inovia Capital, a leading Canadian venture capital firm supporting founders who build global sustainable tech companies, with participation from existing investors including Graphite Ventures. The investment will support continued platform development, and sales and marketing efforts to meet growing customer demand across North America.

Key Points: 
  • "To spite continued market headwinds, Cavelo is driving significant growth through its customer-first approach and commitment to attack surface management innovation."
  • "Cavelo represents the future of cybersecurity investments," said Taha Mubashir, Principal at Inovia Capital.
  • "To spite continued market headwinds, Cavelo is driving significant growth through its customer-first approach and commitment to attack surface management innovation.
  • "Cavelo is excellent next generation cyber asset attack surface management (CAASM) — the support experience has been phenomenal," said William Ercolano, Vice President of Client Technology at ECI, a Cavelo customer and channel partner.

Venturity Appoints Deanna Walker to CEO

Retrieved on: 
Wednesday, November 8, 2023

DALLAS, Nov. 8, 2023 /PRNewswire/ -- Venturity , one of Texas' leading finance and accounting services firms, today announced Deanna Walker to the post of CEO effective December 1.

Key Points: 
  • DALLAS, Nov. 8, 2023 /PRNewswire/ -- Venturity , one of Texas' leading finance and accounting services firms, today announced Deanna Walker to the post of CEO effective December 1.
  • Chris McKee, Venturity's founder and outgoing CEO, will serve as chairman and remain actively involved in the company's future.
  • Walker brings continuity and a wealth of experience as the new CEO and is dedicated to fostering the growth mindset for which Venturity is known.
  • In addition to leading Venturity, Walker will continue serving on the board and executive committee of St. Philip & St. Augustine Catholic Academy.

Seabury Aviation Partners to Deliver Best-in-Class Aviation and Aerospace Advisory Services

Retrieved on: 
Wednesday, October 18, 2023

Seabury Capital Group LLC (“Seabury”) and Plane View Partners (“PVP”) are pleased to announce the strategic combination of Seabury’s global industry-leading airline advisory, restructuring and investment banking practice with PVP’s highly regarded aviation and aerospace consulting practice.

Key Points: 
  • Seabury Capital Group LLC (“Seabury”) and Plane View Partners (“PVP”) are pleased to announce the strategic combination of Seabury’s global industry-leading airline advisory, restructuring and investment banking practice with PVP’s highly regarded aviation and aerospace consulting practice.
  • View the full release here: https://www.businesswire.com/news/home/20231009823049/en/
    Seabury Aviation Partners Leadership (L-R): Henri Courpron, Co-Chairman; John E. Luth, Chairman and Chief Executive Officer; Michael Cox, Co-Chairman.
  • “Our combination with PVP further cements Seabury’s position as the preeminent global aviation advisor,” said John E. Luth, Seabury’s Chairman & Chief Executive Officer.
  • Luth will serve as Seabury Aviation Partners’ Chairman and CEO and Courpron and Cox will serve as Co-Chairmen.

OptimizeRx Announces Agreement to Acquire Medicx Health for $95 million to Expand its Omnichannel Reach to Consumers

Retrieved on: 
Thursday, October 12, 2023

Consolidated revenue run rate will increase to nearly $100 million and the acquisition is expected to be immediately accretive to earnings.

Key Points: 
  • Consolidated revenue run rate will increase to nearly $100 million and the acquisition is expected to be immediately accretive to earnings.
  • The transaction purchase price is $95 million, and certain members of Medicx’s management plan to invest approximately $10.5 million of their proceeds into the Company’s common stock.
  • OptimizeRx will acquire Medicx for $95 million in total consideration, and certain members of Medicx’s management plan to invest approximately $10.5 million of their proceeds into the Company’s common stock.
  • For the third quarter, the Company expects revenue between $15.2 million and $15.5 million and non-GAAP net income between $0.6 million and $1.0 million.

Alto Ingredients Announces Executive Leadership Changes

Retrieved on: 
Monday, August 7, 2023

PEKIN, Ill., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, today announced the following executive leadership changes as of August 1, 2023: Bryon T. McGregor, the company’s former Chief Financial Officer, has been appointed President and Chief Executive Officer. He succeeds Michael D. Kandris, who has retired as President and Chief Executive Officer and has been appointed Interim Chief Operating Officer for a period of up to a year. Kandris will continue to serve as a Director of the company. Robert R. Olander, the company’s former Vice President, Corporate Controller, has been appointed Chief Financial Officer.

Key Points: 
  • PEKIN, Ill., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols and essential ingredients, today announced the following executive leadership changes as of August 1, 2023: Bryon T. McGregor, the company’s former Chief Financial Officer, has been appointed President and Chief Executive Officer.
  • “Mike has been integral to our business transformation into a leading producer and distributor of specialty alcohols and essential ingredients,” said Chairman of the Board Douglas Kieta.
  • “We thank Mike for his exemplary leadership and significant contributions over the past 15 years.
  • Then, as a critical player at Alto for over 15 years, he gained a deep understanding of our markets and business needs.

Canadian VC funding recovers to $1.95B in Q2, reports $3.25B for first half of 2023

Retrieved on: 
Friday, July 28, 2023

TORONTO, July 28, 2023 /CNW/ - Canadian venture capital (VC) recovered from its recent low of $1.3 billion in Q1, 20231 to report $1.95 billion in Q2 2023 in disbursements2.

Key Points: 
  • TORONTO, July 28, 2023 /CNW/ - Canadian venture capital (VC) recovered from its recent low of $1.3 billion in Q1, 20231 to report $1.95 billion in Q2 2023 in disbursements2.
  • For the first half of 2023, Canadian VC disbursements reached $3.25 billion, almost at par with that of Q1 2022, representing 62% decreases from the same period in 2022.
  • International investors from 28 countries or regions invested $512 million, accounting for 16% of total funding in H1 2023.
  • We cover all aspects of VC information, not limited to but including Canada's only information on VC firm fundraising, VC funding sources (where all the VC came from).

Abaxx Provides Quarterly Development Activities and Commercial Update

Retrieved on: 
Tuesday, July 11, 2023

TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse (“Abaxx Singapore”), and producer of the SmarterMarkets™ Podcast, summarizes development activities over the past quarter and the general progress of the Company’s business plans.

Key Points: 
  • Achieved an important corporate milestone by recognizing first revenues on the Company’s 2.5% gross revenue royalty on Base Carbon sales, the first group revenue from an organic development project within Abaxx.
  • Progressed the strategic-partner financing process for an equity financing in the Company’s subsidiary Abaxx Singapore Pte.
  • Member engagement accelerated as commercial participants reached out to their respective Futures Commission Merchants (FCMs), signaling their intention to trade Abaxx commodity futures products when available.
  • Exchange Product Development: Abaxx Singapore is pleased to announce significant progress towards completion of Stage 3 of its Nickel product development — focused on industry, risk, and regulatory considerations.