SYDNEYJan. 27, 2022 /PRNewswire/ — Chrono.Tech — an Australian blockchain software company — has attracted over $30 million in investment funds to grow its HR-focused solutions aimed at solving a number of problems in the recruitment industry using blockchain technology. The funding round was led by Australian venture capitalist Mark Carnegie and a leading  European Family Office.

As a professional venture capitalist with over 30 years’ experience as an entrepreneur, investor and corporate adviser in New YorkLondon and SydneyMark Carnegie has previously worked with Chrono.Tech founder Sergei Sergienko, co-founding the Crypto Gaming United startup and two digital assets managed investment funds.

“Given that Mark Carnegie is both a well-respected and successful asset manager and venture capitalist, and someone who has recognised the potential of blockchain technology, it’s very encouraging that he has given Chrono.Tech his vote of confidence through his investment in the company,” as Sergei Sergienko, Chrono.Tech founder and CEO, commented on the investment round. “Along with the European investment, it’s validation from the mainstream financial world of the work we’ve been doing for the past five years, and a strong signal that we’re on the right track for further growth in the months and years to come.”

MH Carnegie & Co has over a billion dollars under management and has recently expanded its activities into the decentralized space with the launch of MHC Digital Asset Fund aimed at blockchain-based technology companies.

“Crypto assets can be highly complex and obscure, and operate on a very different paradigm to the centralized financial sector — not least in terms of secure storage,” as Mark Carnegie noted the investment in Chrono.Tech. “Sergei has a strong network in the crypto community and extensive experience in identifying crypto initiatives that provide an excellent balance of risk and return, making him a natural addition to the team.”

The funds invested in Chrono.Tech during the latest round will be used for scaling and developing the lineup of services and products the company offers in the HR and crypto payroll sectors, as well as its latest directions in workforce management. The company offers a range of tailored products that assist companies in setting up convenient payment gateways in cryptocurrencies and help them find freelancers willing to accept digital currencies as a means of payment. New modules and extensions will be launched to allow users to access the full scope of services and make interactions on the platform both easier and safer.

About Chrono.Tech

Founded in 2016, Chrono.Tech is Australia’s oldest blockchain business that is engaged in building a suite of software solutions aimed at the HR and recruitment sector. The company is currently developing LaborX — its flagship product that acts as a contract-powered freelancer platform enabling anyone around the world to interact on a peer-to-peer basis and receive payments in cryptocurrencies. LaborX has seen its user base grow by over 42,000 freelancers and almost 5,000 customers in light of surging demand for digital currency markets.

Chrono.Tech’s product lineup also includes TimeX — a secure digital asset trading platform that has already managed to gain a foothold in the top 100 exchanges by trading volume. The company is also engaged in decentralized gaming, promoting the Crypto Gaming United (CGU) product based on the newfangled Play-to-Earn model. Co-founded by Mark Carnegie, CGU raised over $17 million in October of last year.

All products within the Chrono ecosystem are powered by the internal TIME token, which gives users access to premium services and can be staked using the TimeWarp application. 2021 saw a 200-time price increase of the TIME token.

For more information, please, visit chrono.tech.

Medium: https://medium.com/@Chrono.tech 
Twitter: https://twitter.com/chronotechnews 
Telegram: https://t.me/chronotech

SOURCE Chrono.Tech

RIYADH, Saudi ArabiaFeb. 1, 2022 /PRNewswire/ — Retailo, the fastest growing startup in Middle EastNorth Africa, and Pakistan (MENAP) which is digitizing the region’s retail supply chains, has raised $36 million in its Series A investment round which was a mix of equity and venture debt. Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region.

Retailo’s Series A round has attracted leading investors with proven track records of impactful investments. The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft.

For Retailo’s Series A, Graphene is joined by leading investors that include 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, all of which have the relevant exposure and investments in the retail industry’s technology companies. The venture debt was raised from Nahda Fund – one of the Middle East’s first venture debt funds which is backed by IMM Investment Global, based in Hong Kong. Additionally, Shorooq Partners, Abercross Holdings, Arzan VC, AgFunder also participated in the round as repeat investors which demonstrates their continuing belief in Retailo’s successful future.

Retail in MENAP is a $500 billion industry which consists of over 10 million small businesses to serve a population of more than 700 million consumers. However, the majority of this retail industry is informal and undigitized. Small businesses have to rely on inefficient supply chains and limited financial resources while operating on impossible margins. Retailo aims to champion these small business owners by building a suite of technologies around them. The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly.

On Retailo’s mobile platform, small businesses can find a wide catalogue of over 5,000 SKUs which are delivered to their doorstep in less than 24 hours. They can also avail Buy-now-pay-later (BNPL) services, which give them flexible payment options and credit lines. By providing timely supply, competitive rates, and easy credit, Retailo is able to address the needs of retailers and significantly improve their business.

To offer a one-stop shop solution, Retailo (https://retailo.co) directly works with hundreds of leading local, regional and global brands. Retailo also optimizes end-to-end logistics in the supply chain via efficient warehousing operations and smart fleet management solutions. Leveraging its wide regional presence, Retailo has recently begun offering its sellers a cross-border distribution platform across the three biggest markets in the region: KSA, UAE and Pakistan. Retailo also provides data analytics services to sellers to help them evaluate sales performance and consumption trends.

Headquartered in Riyadh, Retailo was founded by former Careem executives Talha AnsariWahaj Ahmed and Mohammad Nowkhaiz in July 2020 with a unique regional launch. Growth has been quick and in only 18 months Retailo has scaled to 10+ cities in 3 countries: KSA, UAE and Pakistan. “The multi-market strategy from day one was unconventional and challenging. Covid made it even more so. But now Retailo is a scalable organization with hundreds of millions of dollars in annualized revenue and colleagues from multiple nationalities and diverse backgrounds who have left leading institutions like Amazon, Delivery Hero and Goldman Sachs to fulfil Retailo mission in building technology that empowers 10 million retailers in the region,” said Himag Vaidya, Retailo’s Head of Strategy.

Nabil A. Borhanu, partner at Graphene Ventures said, “We are impressed with what Retailo has achieved in an astonishingly short time. Their vision is both ambitious and inspiring and we believe that partnering with them is a sound business investment and also a chance to truly improve the lives of millions of people.”

The Series A funding will help Retailo move into the next phase of expansion into new geographies, verticals and products. “As global supply chains come under stress pushing up commodity prices and depressing GDP growth, the value of smart supply chains becomes even more important,” said Retailo’s CEO Talha Ansari. “The retail sector serves 700 million persons in MENAP, contributes almost 20% to the GDP and employs tens of millions. By providing technology solutions to this underserved market, we are not only improving lives but also uplifting the economy of the entire MENAP region.”

For further information, please contact:
Sibtain Naqvi
Director Strategic Communications
Retailo Technologies
Email: sibtain.naqvi@retailo.co
+923062497523

Photo: https://mma.prnewswire.com/media/1736889/Retailo.jpg

SOURCE Retailo

LONDONFeb. 10, 2022 /PRNewswire/ — Recruitment and onboarding SaaS platform Manatal today announced they have closed US$5.1 million in seed funding from Sequoia India’s Surge alongside angel investors. This funding round comes as the company is quickly scaling. They have placed close to 100,000 people in jobs since 2019 and are used in over 130 countries. Revenues have grown 3x every year. The fresh funds will be channeled into engineering as the startup looks to enhance their product offering and AI-recommendation engine in the following months.

Thousands of SMEs, tech companies and startups have joined Manatal as it aims to become the leading recruitment platform for millions of SMEs while ensuring the highest security and confidentiality with user data.

According to a case study by McKinsey & Company, companies can realise a 40 percent increase in the quality of hires and a 12 percent decrease in first year attrition after they become more thoughtful and data-driven about hiring. As the war for talent continues to intensify amidst changing employee expectations and an increasingly borderless world, companies are also looking for simplified technology-based platforms to enhance their candidate experience.

Manatal’s simplicity helps recruiters leverage the latest technologies to streamline their recruitment flow from the sourcing to the onboarding. With Manatal, SMEs around the globe can combat challenges around talent recruitment and reach their hiring goals in a more affordable way than offered by the various enterprise recruitment solutions in the market.

“Manatal was designed to hire faster and better in a world where getting the best talents is critical for any company’s success. With Manatal, companies can now match the perfect fit for positions they are recruiting for in minutes. We’re proud of the success the platform has seen and are looking forward to further expanding our global reach,” shared CEO of Manatal, Jeremy Fichet.

Manatal was founded in January 2019 by Jeremy Fichet (French) and Yassine Bel Mamoun (Moroccan) in Bangkok, Thailand. Jeremy has held senior positions in companies like Cdiscount and Groupon for over 15 years. Yassine has worked as an IT Consultant at Agility Factory, Data Scientist at Orami and as a Quantitative Research Analyst at BNP Paribas.

About Manatal

Manatal is a Bangkok-based end-to-end recruitment and onboarding SaaS platform on a mission to transform how the world recruits.

Photo – https://mma.prnewswire.com/media/1743397/Manatal_Jeremy_Fichet.jpg

Contact:
Bilal Mahmood 
+44 (0)7714 007257 
b.mahmood@stockwoodstrategy.com

SOURCE Manatal

SAN FRANCISCOFeb. 9, 2022 /PRNewswire/ — Spirits and technology startup Endless West today announced it has raised $60 million in Series C funding led by Level One Fund and funds managed by UBS O’Connor, bringing its total investment to date to $95MM. Endless West’s latest round follows a string of large funding rounds in the rapidly-growing Food Technology space.

Founded in 2015 by scientists Alec Lee and Mardonn Chua, Endless West uses a revolutionary, technology-driven process to create molecular spirits. Its products have dramatically-improved sustainability and scalability to mitigate many of the industry’s supply chain challenges. Endless West is the first company to launch this technology in spirits, identifying key flavor and aroma molecules (or notes), then extracting them for use from more efficient sources in nature — including plants, fruits and yeasts. The brand’s products have already won 39 medals in wine and spirits competitions, including most recently a Gold Medal with 91 Points in the 2021 London Spirits Competition for Glyph Spice, a successor to Glyph Original which launched in 2018. Glyph Spice was awarded the 5th highest score in the whiskey category of all whiskeys submitted this year out of over 130 that qualified for an award.

Endless West’s most recent funding brings the company to $95MM in equity financing, and will be used primarily to launch its newest B2B platform, Blank Collective, domestically and internationally. Blank Collective offers creative, product development, and production services for partners looking to launch their own new brands or to improve margins, ingredient quality, and scalability of existing brands. Through Blank Collective, Endless West makes its molecular process available to external parties for the first time, so partners no longer have to make difficult trade-offs between the price, quality, and availability of the spirits available for their brands. Blank Collective can help launch a new product in a matter of weeks, and can reformulate existing products in a matter of months to match or improve on the quality at a greatly reduced price of the original ingredient spirits.

“Since we founded the company we’ve been pushing the boundaries of what people thought was possible in the wine and spirits industry,” says Alec Lee, Co-Founder & CEO of Endless West.  “I’m thrilled to announce this next round of funding that will help us take our incredible technology to the world and make it available for others looking to create their own great products.”

“This funding round accelerates Endless West’s mission to become the alcohol industry’s leading supply hub, and further supports the company’s molecular production process in its role as an inevitable technology that is already yielding impressive cost, speed, and environmental benefits for a $1.5T global market.” said James Stewart, Partner at Level One Fund.

Endless West’s products can be found in major bars and restaurants across the U.S., and at https://shop.endlesswest.com.

About Endless West
Endless West is a beverage technology startup using scientific methods to create its own blend of spirits. Its first product, Glyph, is the first spirit to be made ‘note by note’ using pure molecules (or flavor and aroma notes) extracted from more efficient sources in nature. Unlike conventional spirits, Glyph is made without traditional inputs like aging or barreling — which means significantly less wood, water and land is used in its production process. Founded in 2015 by Alec Lee and Mardonn Chua, the company is headquartered in San Francisco and has raised $95 million in total funding to date. For more information, visit endlesswest.com.

Endless West also offers bespoke alcohol solutions, lightning fast, through its one-stop shop commercial alcohol producer Blank Collective. Using cutting-edge technology, Blank Collective manufactures private label alcoholic beverages, bulk spirits, and alcoholic concentrates, in addition to a full-suite of branding, product development, and manufacturing services to customers seeking to launch their own spirits brands.

SOURCE Endless West

ORANGE COUNTY, Calif.Feb. 8, 2022 /PRNewswire/ — Happy Money, a leading platform for unsecured lending in partnership with credit unions, today announced it has closed a Series D-1 capital raise to accelerate its growth and empower more people to use money as a tool for happiness. The $50 million of capital from investors including Anthemis Group and CMFG Ventures recognizes the company’s success as it joins the ranks of fintech unicorns with a pre-money valuation of $1.1 billion. The rapidly-growing fintech company develops financial tools with members’ best interests at heart, including its award-winning Payoff Loan, which helps members consolidate and pay off credit card debt and experience less financial stress.

LOS ANGELESFeb. 8, 2022 /PRNewswire/ — Swoogo, a fast-growing event management software company, today announced a $20 million growth investment led by Bain Capital.  The new funding will accelerate Swoogo’s rapid expansion into a full-scale enterprise platform for event management, as well as solidify its competitive offering in the hybrid and virtual event space.

“We are excited to partner with Swoogo at a critical juncture in the company’s evolution and the event management software market more broadly,” said David Healey, a Vice President at Bain Capital. “We believe Swoogo’s differentiated SaaS capabilities, industry pedigree, and driven team position the company well for accelerated growth.” As part of the transaction, David Healey will be joining Swoogo’s board.

Founded in 2015 by event technology veterans Leonora ValvoTim Cummins, and Neil Keefe, Swoogo’s platform simplifies the overwhelming complexity of corporate event management at scale. Now under the leadership of CEO Christopher Sykes, who acquired a majority ownership stake in March 2020 backed by Eagle Rock Capital, Swoogo has nearly tripled its recurring revenues in the past two years. With expanded offerings that continue to embrace the ethos of ease-of-use, Swoogo’s enterprise client portfolio has also grown rapidly, with businesses including Atlassian, Box, and DocuSign using Swoogo to manage their events.

“Swoogo has been a true partner to us as we’ve scaled our event portfolio and hosted industry-leading digital events, and as we plan for our upcoming flagship event, Team ’22— to be held as a hybrid event in Las Vegas,” said Blane Barker, Senior Team Lead for Event Marketing & Technology at Atlassian. “We appreciate Swoogo’s flexibility, customization, ease of use, and the support we receive from the Swoogo team.”

With the current product earning reviews like “the best business decision you can make as an event prof [G2],”  the Swoogo team is looking forward to enabling event marketers to further simplify their workflows through significant feature expansion over the next 18-months.

“It’s a new era for events,” said Sykes. “As a result of COVID and the industry’s rapid pivot to virtual events, we’ve seen decades of development compressed into months. Event marketers have come to expect more from their event technology and event output: more data, more insights, more customization, and more seamless integrations with their martech stack. With Bain Capital’s support, we look forward to bringing the same rich insights we’ve unlocked for virtual events to in-person and hybrid events. Most importantly, we remain committed to our mission of empowering anyone to bring people together, while delivering best-in-class service that puts event organizers first.”

About Swoogo
Brought to market in 2015 by event tech veterans Leonora ValvoTim Cummins, and Neil Keefe, Swoogo’s second-generation event management platform upended a dated industry with its easy-to-use functionality and world-class support that puts event organizers first. With firsthand experience in the complexity of legacy products in the space, the Swoogo platform is designed to make event management workflows simple and intuitive for teams of one to one thousand.

With Swoogo’s best-in-class registration product, marketers are enabled to easily collect clean, robust, segmented audience information with unlimited attendee types and conditional logic. Combined with in-platform event and attendee analytics, Swoogo’s Attendee Intelligence platform reinforces the value of events for personalized marketing and demand generation. At a Swoogo event, attendees enjoy personalized agendas and Event Hub pages, 1:1 networking, online expo areas, and embedded content together within-person event features like hotel management and event and session check-in with Swoogo Live. Learn more

About Bain Capital
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Bain Capital’s dedicated Private Credit Group focuses on direct lending opportunities across the capital structure to companies globally with EBITDA ranging from $10 million to $150 million. Our dedicated global team affords us the ability to diligence the most complex situations and provide private capital to those companies. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,200 employees and approximately $150 billion in assets under management. To learn more, visit www.baincapital.com.

SOURCE Swoogo

WALTHAM, Mass.Feb. 3, 2022 /PRNewswire/ — Third Pole Therapeutics, a privately held company developing critical life-sustaining cardio-pulmonary therapies, announced today that it has achieved several significant milestones that include closing a $25M round of financing, and that eNOfit™, the Company’s fully miniaturized wearable device, is ready for clinical trials.

CEO Bill Athenson stated, “We want to thank our existing investors who continue to support Third Pole’s mission to develop our novel technology into approved products for patients in need. We also welcome our new investors who have joined us in support of this important mission.” Mr. Athenson continued, “We are now much closer to improving the lives of 1.2M patients battling severe COPD and ILD (pulmonary fibrosis) and who struggle with each breath to perform the day-to-day activities that most people take for granted. Feedback on our novel device from physicians has been extremely positive. They tell us that our light-weight mobile device has the potential to reduce patients high flow supplemental oxygen dependence, improve their mobility by allowing treatment while traveling and at home, and reduce the risk of heart failure by lowering pulmonary hypertension. These benefits may allow patients to live higher quality lives, require less intensive hospital care and live longer.”

The Company anticipates final eNOfitTM mobile device testing to be complete in the first half of this year, with clinical trials starting later this year and a potential FDA submission for clearance by the end of 2023.

The Company is also nearing completion of its eNOcare™ platform, which is planned to enter the existing $600M nitric oxide hospital market using the same proprietary, novel NO production technology. Based on the universal endorsements eNOcareTM has received from cardiopulmonary critical care centers around the world, Third Pole expects rapid adoption and significant market expansion soon after launch given its superior safety, usability and reliability features compared with other product alternatives.

About Third Pole Therapeutics, Inc. 
Third Pole Therapeutics develops and delivers critical life-sustaining cardio-pulmonary therapies. Warren Zapol, M.D., Third Pole’s founder, invented the first use for inhaled nitric oxide (iNO) for the treatment of hypoxic respiratory failure in new-born infants (blue babies). Since then, in addition to blue babies, hundreds of thousands of pediatric and adult patients experiencing elevated pulmonary pressure, inflammation and poor oxygenation during and after heart surgery have been treated with inhaled nitric oxide, creating a $600 million inhaled nitric oxide industry, concentrated in large hospitals and developed markets.

Two decades later, Third Pole has successfully created a scalable technology that delivers nitric oxide for inhalation, instantly, on-demand, and in unlimited quantities. Third Pole’s technology solves the cost and logistical hurdles which have prevented widespread iNO use in various markets in the U.S. and abroad that lacked the training and infrastructure required to transport, maintain, return, and refill large cylinders of compressed gas safely. Third Pole’s two novel platforms include eNOfit™ a miniaturized wearable device for home and travel and eNOcare™, a lightweight portable in-hospital device. Both make iNO by combining electricity and the air we breathe, creating a “make it and take it” therapy, free from the hazards of compressed gas storage. These broadly patented, versatile platforms have the potential to rapidly capture the entire existing tank-based market and expand beyond current indications to treat interstitial lung disease (ILD), chronic obstructive pulmonary disease (COPD), cystic fibrosis, and life threatening, viral and bacterial infections. For more information, please visit www.pole3.com.

Contacts
Third Pole Therapeutics, Inc.
Elizabeth Holmberg, Chief Financial Officer
908-310-0596 
eholmberg@pole3.com
Tiberend Strategic Advisors, Inc.

Investor Relations
Lisa Sher
lsher@tiberend.com

Media Relations
Dave Schemelia / Rosalyn Christian
dschemelia@tiberend.com / rchristian@tiberend.com

SOURCE Third Pole Therapeutics

NEW YORKFeb. 3, 2022 /PRNewswire/ — RareCircles, the all-in-one platform for building powerful NFT memberships, today announced that it has raised $7.5M in a Seed round of funding. Tiger Global led the round with participation from White Star Capital, Hashed, Alpaca, Crew Capital, Global Founders Capital, Alumni Ventures and Detroit Venture Partners. Packy McCormick (Not Boring), Joe McCannAustin Rief (The Morning Brew), Mike Dudas (6th Man Ventures), Greg Isenberg (Late Checkout Fund) and Julien Smith (Practice) are also joining as investors.

RareCircles was developed to support the next wave in NFTs, one driven by a new generation of entrepreneurs looking to create robust NFT membership experiences for their communities. In addition to simplifying the process for minting and monetizing NFTs, RareCircles’ self-serve solution provides the critical infrastructure for captivating audiences post purchase. It offers a comprehensive suite of tools for customizing a dynamic experience powered by blockchain— one that integrates access to exclusive content, unique drops, private communities, immersive benefits and more.

“In recent years, innovative commerce and community platforms such as Kajabi and Patreon have enabled millions of people to realize new digital businesses,” said John Curtius, partner at Tiger Global. “We see the same revolutionary potential in the NFT space. But the current tools are limited and cumbersome — that’s where RareCircles comes in.”

With its all-inclusive, intuitive platform RareCircles eliminates the need for multiple third party tools, removing the barriers to entry in the Web3 space. Users can mint NFTs across different blockchains and take payments in both crypto and fiat, while building personalized storefronts and delivering community benefits. With RareCircles, an entrepreneur can generate support for a project by offering early membership; a fashion brand can gamify access to special products and perks; a content creator can reward fans with exclusive material and behind the scenes details.

“RareCircles is an exciting one stop solution that empowers creatives and business owners to transform how they interact with their clients and build sustainable communities around their products,” stated Baek Kim, General Partner at Hashed.

Mike Dudas, General Partner at 6th Man Ventures, commented, “In a sea of undifferentiated NFT agencies and marketplaces, RareCircles stands out for its easy, elegant and powerful platform that guides brands to fully utilize the power of NFTs.”

“Having built large communities and brands at their previous companies, the founders of RareCircles are well positioned to help elevate that link through Web3 and blockchain technology,” noted Sep Alavi, General Partner at White Star Capital.

RareCircles was founded by serial entrepreneurs Ethan Song and Nick D’Urbano. Ethan was previously the co-founder and CEO of direct-to-consumer brand Frank And Oak, while Nick occupied leadership roles at Gilt Groupe and Spring. They recognized that the leading brands of tomorrow will be built community first and that Web3 can be the ultimate enabler of this paradigm shift.

“We know there is a lot more to the equation than trading and collecting — NFTs are a powerful tool for transforming relationships between entrepreneurs and their communities,” said Song. “RareCircles is built to support this in any form they can dream of.”

For more information, visit www.rarecircles.com.

About RareCircles
RareCircles’ mission is to empower a new generation of entrepreneurs and brands to build deeper relationships with their communities through NFTs and blockchain technology. Its intuitive platform allows anyone to make, sell and manage powerful NFT memberships under one operating system. RareCircles was founded by serial entrepreneurs Ethan Song and Nick D’Urbano. Ethan was previously the co-founder and CEO of Frank And Oak, a leading direct-to-consumer brand that won the Technology Fast 50 and Fast Company’s Most Innovative Company in Retail. Ethan is a thought leader and active angel investor in the Web3, creators economy and commerce enablement space. Nick occupied global leadership roles at Gilt Groupe and Spring, spearheading strategy for large marketplaces supporting thousands of merchants from Nike to Helmut Lang.

About Tiger Global
Tiger Global Management is an investment firm focused on private and public companies in the internet, software, and financial technology sectors. Since 2001, Tiger Global has invested in hundreds of companies across more than 30 countries, including investments ranging from Series A to pre-IPO. The firm aims to partner with dynamic entrepreneurs operating market-leading companies in its core focus areas. Tiger Global’s investments have included JD.com, UiPath, Stripe, Databricks, Bytedance, Snowflake, Facebook, Alibaba, Procore, Chime, Blend, Peloton, Attentive, LinkedIn, Flipkart, and Toast.

Press Contact:
lindsey@rarecircles.com

SOURCE RareCircles

WESTON, Fla.Feb. 3, 2022 /PRNewswire/ — Today, Digibee, the leading low-code integration platform, announced its $25 million Series A round led by SoftBank Latin America Fund with additional participation from Kinea and G2D Investments.  With this investment, Digibee plans to grow its customer base in the United States and in Latin America to empower more global enterprises to win the digital race.

Since its inception in 2017, Digibee’s low code platform drastically reduces the complexity of integration environments and enables enterprises to digitally transform their legacy systems 10-times faster than other systems. Digibee is the preferred iPaaS solution for 250+ corporate customers including Accenture, B3, Carrefour, and others.

Digibee manages IT complexity in an agile, simple, and efficient way, enabling its customers to adopt a future-proof architecture and unlock innovation, without a single line of code and investment in new systems. Digibee is built by innovators from the world’s leading technology companies to change the way companies connect their systems.

“We are thrilled to see that the investment community believes in our mission to make our customers and our customers’ customers unstoppable,” said Rodrigo Bernardinelli, co-founder and Chief Executive Officer at Digibee. “We are helping global enterprises on their digital journey, so they can grow and scale without economically prohibitive upfront costs while empowering their talent to focus on driving their business forward.  We look forward to reaching the world’s most innovative companies in the US and globally.”

“We are very excited about the Digibee investment. The company tackles a cost line – integrations – that accounts for over 50% of software spend, enabling organizations to connect their systems to turn the digital transformation into reality”, says Rodrigo Baer, Managing Partner of early-stage investments at SoftBank Latin America Fund. “The company is building a world class salesforce to take that solution to market, which will turn their product into a really global player”.

About Digibee
Digibee helps organizations modernize their legacy architectures by enabling frictionless connectivity between applications, unleashing digital experiences at scale.

The cloud means workflows, not better file shares. Digibee’s innovative and flexible modern integration Platform as a Service (iPaaS) can dramatically expedite IT projects, reducing costs and technical debt while connecting applications, processes, and people for faster time-to-market without a major investment. Digibee has offices in the US and Brazil.

About Softbank Group
The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing more than US$135 billion to help extraordinary entrepreneurs transform industries and shape new ones; the US$5 billion SoftBank Latin America Fund, the largest venture fund in that region; the newly-launched US$3 billion SoftBank Latin America Fund II; and the SB Opportunity Fund, a US$100 million fund dedicated to investing in enterprises founded by entrepreneurs of color in the U.S. To learn more, please visit https://group.softbank/en.

About Kinea Ventures – Itaú’s Corporate Venture Capital
Itaú’s Corporate Venture Capital Fund was created with the goal of generating value for the Bank through minority investments in startups in the financial services and technology sectors. The fund is one of the ways found by Itaú to stay close to the startup innovation ecosystem that operates in strategic segments for the Bank, which is vital in a highly disruptive environment. The investments are done by Kinea Ventures, managed by Kinea, in order to enable the Bank’s Corporate VC initiative and position it at the edge of the main innovations and financial market solutions. Itaú’s CVC Fund acts as a partner of companies, preserving their independence and contributing to leverage and accelerate their growth.

About Kinea
One of the main asset managers in Brazil, Kinea was born in 2007 with the help of Itaú Unibanco. With 145 employees and more than R$ 55 billion under management, the manager specializes in investments in hedge funds, real estate, pension, private equity and infrastructure. The Venture Capital fund is the result of a new partnership between Kinea and Itaú Unibanco, with the objective of staying connected to the main innovations and financial market solutions. To learn more, please visit: www.kinea.com.br

About G2D Investments
G2D Investments (G2DI33) is the first global Venture Capital company listed in the Latin American stock exchange. G2D invests in outstanding entrepreneurial teams that are leading companies with the potential to become leaders in their industries. More information at https://ri.g2d-investments.com.

Media Contact
Sarah Fraser
sarah.fraser@topagency.com
650.743.0660

SOURCE Digibee

MIAMIFeb. 3, 2022 /PRNewswire/ — Getlabs, the leader in providing nationwide infrastructure for remote healthcare delivery, announced today the launch of its one-tap API for healthcare organizations, in addition to $20M in new Series A funding. This latest round of funding was led by Emerson Collective and the Minderoo Foundation, with participation from Tusk Venture Partners, Labcorp, Healthworx, Byers Capital, Anne Wojcicki (co-founder and CEO of 23andMe), Susan Wojcicki (CEO of YouTube), Eric Kinariwala (founder and CEO of Capsule), and Mattieu Gamache-Asselin (founder of Alto Pharmacy). Matt Bettonville from Emerson Collective and Demetri Karagas from Thirty Madison will join the board of directors.

As telehealth services continue gaining rapid adoption post-COVID, the majority of these companies have been limited to treating simple conditions that do not require diagnostic testing. To expand to virtual primary care and treat complex conditions including cardiology, diabetes, and fertility, telehealth services need ways to collect diagnostic information in-person. By expanding the scope of telehealth services, patients will have additional, convenient options to access care, including routine doctor visits and early screening for a range of chronic and acute conditions. With its API and nationwide workforce of in-person medical professionals, Getlabs bridges the virtual care gap for telehealth providers to make informed decisions and deliver higher-quality care remotely.

The company provides at-home lab appointments performed by its full-time phlebotomists and charges a convenience fee from $25. Since September 2021, Getlabs has expanded from covering 6% of the US population to over 45% as it lays the infrastructure providers need to deliver remote care nationwide. The company plans to use the funding to continue expanding rapidly and hire additional types of skilled medical professionals.

“To truly innovate in healthcare, it’s critical to expand access to convenient and high-quality diagnostic testing,” said Anne Wojcicki, Co-Founder and CEO of 23andMe. “Rather than treating patients when they show signs of being unwell, the healthcare ecosystem has a shared responsibility to make it easier for patients to stay healthy in the first place. I am thrilled to be supporting Getlabs towards their mission of creating the infrastructure for healthcare organizations to deliver better care to patients when and where they need it most – at home.”

“We initially started Getlabs to expand patient access to diagnostic testing by delivering lab appointments in the convenience of their homes. Now, with the release of our API, we are making it even easier for doctors to collect diagnostic tests that provide vital information for their patients, thereby extending the reach of their practice to any location that we’re in.” said Kyle Michelson, Founder and CEO of Getlabs. “We see a future where both existing healthcare organizations and the next generation of telehealth services build on top of Getlabs’ infrastructure to make informed medical decisions and deliver better care, remotely. Imagine a world where patients in healthcare deserts could see the top specialists across the country virtually.”

Getlabs works by digitally connecting its employed and nationally certified phlebotomists to patients for lab collections at their home or office, then delivering the specimens to the leading diagnostic laboratories, including Labcorp, Quest Diagnostics, and Sonora Quest for testing. The company has served tens of thousands of patients to date, and will continue to expand its footprint as it launches in cities covering over 90% of the US population and expands its offerings with additional building blocks for providing remote care such as imaging, immunizations, physical exams, and other essential healthcare services.

“Diagnostics will be essential for telehealth to expand to more complex conditions,” said Demetri Karagas, CEO of Thirty Madison. “Getlabs, especially with the API launch, enables telehealth services to offer a seamless way for patients to get lab work done, improving both the patient experience and health outcomes.”

“Through the pandemic, we’ve seen remote-first care begin to transform our health system,” said Matt Bettonville, Managing Partner at Emerson Collective. “Patients should be able to get care where they want—at home, at work, wherever. Getlabs is delivering a fundamental service for the future of healthcare to almost half the country, and they’re doing it with the highest quality in the industry.”

With the new round of funding Getlabs has expanded its executive team with several key hires. David Mayer is joining as Chief Operating Officer from Honor, AllStripes, and Lyft. David Kunst is joining as VP of Operations from Alphabet and Lyft. Louisa Cartwright is joining as VP of Employee Success from Headspace. Matt Rubens is joining as VP of Engineering from Tophatter. Craig Thompson is joining as Chief Revenue Officer from Alto and Abbott. Jaime LaFontaine is joining as VP of Business Development from Alto.

Patients can check availability in their area and book Getlabs at https://app.getlabs.com/book/
Healthcare organizations can learn more about the Getlabs API and request access at https://getlabs.com/api

About Getlabs
Getlabs provides the nationwide infrastructure for delivering healthcare anywhere. Patients can book a certified phlebotomist to draw their lab tests at their home or office. Healthcare organizations can dispatch Getlabs’ medical professionals to their patients to collect the diagnostic tests they need. By creating the infrastructure for providers to make informed medical decisions remotely, Getlabs bridges the gap between virtual and in-person care and unlocks the full potential of telehealth. Visit getlabs.com for more information.

SOURCE Getlabs