DN Capital

MetOx Accelerates US Manufacturing Expansion with Strategic Capital Infusion

Retrieved on: 
Tuesday, December 12, 2023

This capital infusion is from a consortium of prominent strategic and financial investors.

Key Points: 
  • This capital infusion is from a consortium of prominent strategic and financial investors.
  • Led by Koch Disruptive Technologies, this capital infusion enables MetOx to dramatically expand production of Xeus™ HTS
    The investment, led by Koch Disruptive Technologies (KDT) and supported by Safar Partners, Piedmont Capital Investments, DNS Capital, and other investors, will enable MetOx to dramatically expand its domestic production capacity of Xeus™.
  • "Xeus wire is a critical technology for power generation, grid capacity expansion and numerous other applications such as advanced medical diagnostics.
  • This financing will enable capacity expansion by an order of magnitude and further develop its technology with future products and advancements.

Digital Hospitality Platform, NUMA Group, Raises $59M to Fuel Growth of Its Unique Local Travel Model and Continued Expansion Across Europe

Retrieved on: 
Friday, September 29, 2023

It provides a one-stop-shop solution for consumers who are increasingly demanding more seamless, mobile-only, digital journeys.

Key Points: 
  • It provides a one-stop-shop solution for consumers who are increasingly demanding more seamless, mobile-only, digital journeys.
  • This results in more sustainable growth and higher structural profitability than averages across the hospitality industry.
  • "Our mission at NUMA is to create a new category in hospitality that meets the needs of modern consumers.
  • With additional financial firepower, we can accelerate the continued development of our market-leading proprietary technology while maintaining a strong balance sheet.

PayNearMe Secures $45M in Series D Funding, Accelerating Payments Innovation and Market Expansion

Retrieved on: 
Thursday, June 1, 2023

SANTA CLARA, Calif., June 1, 2023 /PRNewswire-PRWeb/ -- PayNearMe, a fast-growing fintech company radically improving the consumer payment experience, today announced it has closed $45M in Series D funding led by Queensland Investment Corporation (QIC), with participation from True Ventures, Costanoa Ventures, August Capital, DNS Capital, Invicta Management and H. Barton Asset Management.

Key Points: 
  • PayNearMe will use the funds to accelerate its growth, further develop its innovative payments platform, and create even more data-driven value for its clients.
  • "Payments data is the next emerging opportunity for businesses, and PayNearMe is enabling its clients to access that data and leverage it as a strategic asset.
  • With access to data, PayNearMe clients can create hyper-personalized experiences for their customers, increase operational efficiency and uncover new revenue streams.
  • PayNearMe is focused on creating more value for its clients and partners, while expanding its offering into new vertical markets.

Food Innovator Hero Bread™ Announces Series B Fundraise and National Retail Launch in 2,300 Stores

Retrieved on: 
Tuesday, May 2, 2023

SAN FRANCISCO, May 2, 2023 /PRNewswire/ -- Today, on the heels of their Series B fundraise, bringing total funding to date to $47.5M, Hero Bread™ is announcing the national retail launch of their revolutionary better-for-you bread and baked goods. Driven by a massive 54% consumer repeat purchase rate in the first five months on grocery shelves, Hero Bread™ is expanding distribution from 23 to 2,300 grocery retail stores with further growth expected in the back half of the year.

Key Points: 
  • Amidst the challenging fundraising environment with many investors slowing their deployment of capital, strong sales of Hero Bread™ online and in regional grocery retailers demonstrated huge momentum to investors.
  • The proceeds from the raise will be used to accelerate expanded availability of Hero Bread's groundbreaking product line in grocery retail as well as support future product innovation.
  • Hero Bread™ has previously been available on Amazon.com, where both the Hero Classic White Bread and Hero Classic Burger Buns quickly rose to become #1 Amazon best-sellers.
  • For additional details on what Hero Bread™ is cooking up next, follow @hero on Instagram and Twitter, and @EatHeroBread on Facebook.

Nimble Launches Next-Gen Robotic 3PL Service, Working Towards a Fully Autonomous Fulfillment Network to Give eCommerce Brands Economical 2-day or Less Delivery

Retrieved on: 
Thursday, March 16, 2023

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    Building on five years of experience in robotic eCommerce fulfillment, the fresh capital will further Nimble’s goal of building a nationwide network of next-generation autonomous 3PL fulfillment centers.
  • To scale its robotic 3PL fulfillment service Nimble has assembled a team of leading executives who have scaled logistics operations at Amazon.
  • Nimble's intelligent robotic fulfillment systems will autonomously pick, pack and ship eCommerce orders while reducing warehouse size by up to 75%.
  • Our autonomous fulfillment centers and 3PL service will give brands access to state-of-the-art robotic fulfillment systems in a cost-effective way without large upfront investment,” said Nimble’s Founder and CEO Simon Kalouche.

Quantifind Raises $23M and Signs Four of the World's Largest Banks that will use Quantifind's AI Platform Graphyte™ to Accurately and Cost Efficiently Identify and Combat Financial Crime Risks

Retrieved on: 
Wednesday, March 1, 2023

PALO ALTO, Calif., March 1, 2023 /PRNewswire/ -- Quantifind, a leading provider of AI-powered financial crimes risk management solutions, announced it has raised $23 million in funding led by DNS Capital, with participation from Citi Ventures, US Venture Partners, Valor Equity Partners, and S&P Global. The funding comes after a strong 2022 that included signing four of the world's largest banks, new contracts from the Department of Defense, including a $23.7 million production contract, signing deals with leading universities and establishing partnerships with the United for Wildlife taskforce and the Polaris Financial Intelligence Unit to fight human trafficking.

Key Points: 
  • Quantifind's Graphyte™ Platform is the Ideal Solution in a Global Macro Economy Experiencing High Regulatory and Cost-efficiency Demand.
  • Quantifind also supports nonprofits by lending its intelligence software to the Polaris Financial Intelligence Unit against human trafficking and the United for Wildlife taskforce.
  • These organizations use the Quantifind risk intelligence platform to understand the financial patterns that signal human trafficking red flags.
  • Furthermore, these thought-leading nonprofits provide industry expertise as feedback to Quantifind machine-learned risk typologies to power a paradigm for risk standards.

Stratus Materials Emerges from Stealth to Launch Next-Generation Cathode Materials

Retrieved on: 
Tuesday, February 7, 2023

Stratus Materials Inc., a developer and manufacturer of next-generation cathode active materials for lithium-ion batteries, came out of stealth today.

Key Points: 
  • Stratus Materials Inc., a developer and manufacturer of next-generation cathode active materials for lithium-ion batteries, came out of stealth today.
  • Utilizing proprietary formulations and production processes, the Stratus Materials team has developed manganese-rich, zero-cobalt cathode materials that deliver outstanding functionality, energy density, stability, low cost, and input materials availability, overcoming the challenges that have hindered high-manganese systems to date.
  • Jay Whitacre, CEO & CTO of Stratus Materials, said: “Our innovative processes and materials are designed to provide the lithium-ion battery industry with cathode offerings that outperform best-in-class NMC cathode formulations on virtually every dimension, without relying on cobalt and with significantly less nickel and lithium per kilowatt-hour.
  • “The Stratus Materials team has developed a set of cathode active materials that address and optimize each of these parameters, enabling EVs to scale to new levels.”
    Stratus Materials is currently producing its proprietary cathode active material at an early pilot-scale and is providing samples to a small group of potential initial customers.

Hawk AI Accelerates Global Expansion With $17 Million Series B

Retrieved on: 
Thursday, January 26, 2023

Hawk AI, Germany’s leading provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion.

Key Points: 
  • Hawk AI, Germany’s leading provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion.
  • Hawk AI helps financial institutions fight financial crime.
  • Hawk AI’s growth will continue to be fueled by industry-wide demand for AI, Cloud outsourcing, and a convergence of Fraud and AML technology.
  • This funding will allow us to reach our ambition to become the leading global surveillance platform faster,” said Tobias Schweiger, CEO and Co-Founder of Hawk AI.

The 81 Collection Launches Inaugural $41 Million Fund Dedicated to Unlocking Value in ‘Hard Industries’

Retrieved on: 
Tuesday, December 20, 2022

Our businesses weren’t interesting to most investors at the seed stage, but ended up being the better companies in the long-run, financially and socially.”

Key Points: 
  • Our businesses weren’t interesting to most investors at the seed stage, but ended up being the better companies in the long-run, financially and socially.”
    Patel founded The 81 Collection in 2021.
  • Previously, he was the co-founder and CEO of Pressbox, a Chicago-based fabric care company acquired by Procter & Gamble in 2018.
  • So while many investors shy away from solving hard problems in hard industries, The 81 Collection sees it, is inspired by it and backs it – that's rare."
  • Founded in 2021, The 81 Collection is a collection of Midwest-based entrepreneurs focused on “hard industries”, the 81% of the GDP that is underserved by seed venture capitalists.

Activ Surgical Appoints Manisha Shah-Bugaj as Chief Executive Officer

Retrieved on: 
Wednesday, December 14, 2022

Activ Surgical , a digital surgery pioneer, today announced that it has named Manisha Shah-Bugaj as its new Chief Executive Officer.

Key Points: 
  • Activ Surgical , a digital surgery pioneer, today announced that it has named Manisha Shah-Bugaj as its new Chief Executive Officer.
  • View the full release here: https://www.businesswire.com/news/home/20221214005175/en/
    Activ Surgical announces Manisha Shah-Bugaj as its new Chief Executive Officer (CEO).
  • Manisha is the perfect leader to take on the CEO position as Activ Surgical pivots from primarily a research and product development organization to commercialization of the Companys products, said Paul Meister, chairman, board of directors, Activ Surgical.
  • I look forward to continuing our close working relationship and am excited about the possibilities for Activ Surgical with Manisha in this leadership role.