Venture capital financing

Christopher Smith appointed Head of Structured Reinsurance for Somerset Reinsurance Ltd

Thursday, September 23, 2021 - 1:00pm

PEMBROKE, Bermuda, Sept. 23, 2021 /PRNewswire/ --Somerset Reinsurance Ltd. ("Somerset"), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, is delighted to announce the appointment of Christopher (Chris) Smith as Head of Structured Reinsurance with immediate effect.

Key Points: 
  • PEMBROKE, Bermuda, Sept. 23, 2021 /PRNewswire/ --Somerset Reinsurance Ltd. ("Somerset"), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, is delighted to announce the appointment of Christopher (Chris) Smith as Head of Structured Reinsurance with immediate effect.
  • Chris will be responsible for setting client strategy for the structured reinsurance line and lead Somerset's efforts in reserve and capital financing transactions, embedded value securitizations, side cars and retrocessions.
  • He joins Somerset from SCOR Global Life where he was Global Head of Financial Solutions in London since December 2017.
  • Recently rated #1 in Business Capability Index by NMG Consulting's 2021 US Structured Financial Solutions reinsurance study in the Portfolio Transfer Segment.

Christopher Smith appointed Head of Structured Reinsurance for Somerset Reinsurance Ltd

Thursday, September 23, 2021 - 1:00pm

PEMBROKE, Bermuda, Sept. 23, 2021 /PRNewswire/ --Somerset Reinsurance Ltd. ("Somerset"), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, is delighted to announce the appointment of Christopher (Chris) Smith as Head of Structured Reinsurance with immediate effect.

Key Points: 
  • PEMBROKE, Bermuda, Sept. 23, 2021 /PRNewswire/ --Somerset Reinsurance Ltd. ("Somerset"), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, is delighted to announce the appointment of Christopher (Chris) Smith as Head of Structured Reinsurance with immediate effect.
  • Chris will be responsible for setting client strategy for the structured reinsurance line and lead Somerset's efforts in reserve and capital financing transactions, embedded value securitizations, side cars and retrocessions.
  • He joins Somerset from SCOR Global Life where he was Global Head of Financial Solutions in London since December 2017.
  • Recently rated #1 in Business Capability Index by NMG Consulting's 2021 US Structured Financial Solutions reinsurance study in the Portfolio Transfer Segment.

Stout Hires New Head of Capital Markets

Wednesday, September 22, 2021 - 7:56pm

LOS ANGELES, Sept. 22, 2021 /PRNewswire/ --Stout is pleased to announce that Jeff Zolkin has joined the firm as Managing Director and Head of Capital Markets.

Key Points: 
  • LOS ANGELES, Sept. 22, 2021 /PRNewswire/ --Stout is pleased to announce that Jeff Zolkin has joined the firm as Managing Director and Head of Capital Markets.
  • Previously, Jeff worked as Managing Director and Head of High Yield at William Blair and Head of Leveraged Finance at Imperial Capital.
  • "I'm very excited to have Jeff join our team and lead the build-out of our Capital Markets practice," said Kevin Manning, Head of Investment Banking at Stout.
  • Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered broker-dealer and SIPC member firm.

Crestview Exploration Intercepts Gold Mineralization in 2021 Core Drilling Program at Cimarron Gold Prospect

Wednesday, September 15, 2021 - 1:00pm

Calgary, Alberta--(Newsfile Corp. - September 15, 2021) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) ("Crestview" or "the Company") is pleased to announce the results of the recent phase 1 drill program at the Cimarron gold prospect ("Cimarron" or the "Property").

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - September 15, 2021) - Crestview Exploration Inc. (CSE: CRS) (FSE: CE7) ("Crestview" or "the Company") is pleased to announce the results of the recent phase 1 drill program at the Cimarron gold prospect ("Cimarron" or the "Property").
  • SA-02 and SA-04 each intercepted three short intervals of anomalous gold mineralization at similar depths (deeper in SA-02), suggesting these zones may be continuous.
  • VP of Exploration, Justin Lowe commented: "We have encountered anomalous gold mineralization in all of our holes, and we hit continuous zones of gold mineralization starting near- surface in two holes.
  • Crestview Exploration is a technology driven, well-funded and experienced exploration company focused on finding gold and silver deposits in mining friendly jurisdictions.

AI-Driven Funding Platform Hum Capital Secures $9 Million Series A, Fostering a More Data-driven Approach to Private Investing

Tuesday, August 31, 2021 - 1:00pm

Hum is on a mission to modernize the $5 trillion private capital market with an AI-powered funding platform that matches private companies with the right institutional capital for their situation.

Key Points: 
  • Hum is on a mission to modernize the $5 trillion private capital market with an AI-powered funding platform that matches private companies with the right institutional capital for their situation.
  • Hum will use the additional funding to scale its go-to-market operations and onboard new institutional investors onto its Intelligent Capital Market (ICM) platform to expand access to a diverse range of non-dilutive financing products.
  • "Marketing one form of capital over another is a flawed, antiquated approach, and does a disservice to companies.
  • Hum Capital is the funding platform that connects great companies with the right capital.

Amur Equipment Finance Recognized as a Best Workplace for Innovators by Fast Company

Thursday, August 5, 2021 - 7:47pm

GRAND ISLAND, Neb., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Amur Equipment Finance, Inc. (Amur) is proud to announce that it has been named by Fast Company as a finalist for its third annual list of Best Workplaces for Innovators in the Medium Company Size category.

Key Points: 
  • GRAND ISLAND, Neb., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Amur Equipment Finance, Inc. (Amur) is proud to announce that it has been named by Fast Company as a finalist for its third annual list of Best Workplaces for Innovators in the Medium Company Size category.
  • Working together, Fast Company editors and Accenture researchers scored nearly 1,500 applications, and a panel of eight eminent judges reviewed and endorsed the top 100 companies.
  • The 2021 awards feature workplaces from around the world with several of the honorees based outside the U.S.
    We are truly honored to be recognized by Fast Company in their annual listing of Best Workplaces for Innovators, remarked Amur Senior Vice President of Technology, Jeremy Gillam.
  • These leaders and teams created cultures of innovation and sustained them, even as remote work extended into 2021, says Stephanie Mehta, editor-in-chief of Fast Company.

Tachyum Triples Company Valuation On Closing of Series B Funding Round

Tuesday, July 20, 2021 - 1:00pm

Tachyum today announced that it has closed its Series B funding round, led by private equity investor IPM Group in cooperation with the Slovak wealth manager, Across Private Investments.

Key Points: 
  • Tachyum today announced that it has closed its Series B funding round, led by private equity investor IPM Group in cooperation with the Slovak wealth manager, Across Private Investments.
  • Tens of millions of dollars are raised in series B.
  • We are pleased to reinforce our position as the lead investor in Tachyums Series B round and to support Tachyum in its further development on the way to production.
  • Tachyum is planning a Series C funding round to provide the capital necessary to achieve profitability.

Jeito Capital becomes key investor in Alentis Therapeutics as part of $67 million Series B financing round

Tuesday, June 15, 2021 - 6:00am

Paris, France, 15 June 2021 Jeito Capital (Jeito), a rapidly emerging independent Private Equity firm dedicated to biotech and biopharma, today announces that it has become a key investor as part of a $67 million Series B financing round in Alentis Therapeutics (Alentis).

Key Points: 
  • Paris, France, 15 June 2021 Jeito Capital (Jeito), a rapidly emerging independent Private Equity firm dedicated to biotech and biopharma, today announces that it has become a key investor as part of a $67 million Series B financing round in Alentis Therapeutics (Alentis).
  • The investment will also give the Company the opportunity to expand its pipeline and explore further indications, including fibrotic associated cancers.
  • The financing round brings in Jeito Capital and Morningside Venture Investments alongside existing investors BioMed Partners, BB Pureos Bioventures, Bpifrance, High-Tech Grnderfonds and Schroders Capital.
  • Following the fundraise, Rafale Tordjman, Founder and CEO of Jeito Capital, will join Alentis Board of Directors.

Foundry College Raises $1MM from Zanichelli Venture, Accelerates Growth Strategies in Stackable Education Model

Wednesday, May 19, 2021 - 7:26pm

b'Foundry College today announced additional funding of $1MM, led by Zanichelli Venture , into its open convertible note.

Key Points: 
  • b'Foundry College today announced additional funding of $1MM, led by Zanichelli Venture , into its open convertible note.
  • Zanichelli Venture\xe2\x80\x99s investment continues the funding round begun by Ulu Ventures , Learn Capital , and Learn Start.
  • Foundry College was recently named a Top 100 Ed Tech company in North America by HolonIQ.
  • Zanichelli Venture finances ideas with the potential to have a positive impact on our future through education at every stage of a learner\xe2\x80\x99s life.

Crayon Raises $22 Million Series B to Empower Mid-market & Large Enterprises With Competitive Intelligence

Tuesday, May 4, 2021 - 1:00pm

b"Crayon , the leading competitive intelligence platform for the enterprise, today announced a $22 million Series B financing led by Baird Capital with participation from Baseline Ventures , Bedrock Capital , C&B Capital and Oyster Funds .

Key Points: 
  • b"Crayon , the leading competitive intelligence platform for the enterprise, today announced a $22 million Series B financing led by Baird Capital with participation from Baseline Ventures , Bedrock Capital , C&B Capital and Oyster Funds .
  • Crayon also welcomed Gaingels as an investor in the Series B as part of our commitment to diversity, equity & inclusion .
  • View the full release here: https://www.businesswire.com/news/home/20210504005148/en/\nJonah Lopin, co-founder and CEO of Crayon (Photo: Business Wire)\nCrayon helps mid-sized and large enterprises capture, analyze and act on competitive intelligence to drive better execution & decision-making in all areas of the business.
  • More than 500 customers including Discover, Dropbox, Gong, Intuit, SurveyMonkey, Zendesk and ZoomInfo, rely on Crayon to power competitive intelligence efforts across their sales, marketing, product and executive teams.