Investments from Outlier Ventures, Protocol Labs, Master Ventures and others will support hardware launch and further development of the Borg Protocol with committed Layer 1 partners.

TORONTO, ONJan. 25, 2022 /PRNewswire/ – Functionland inc., builders of blockchain-attached storage and the Borg Protocol, announced an additional USD 1.1M in seed funding today. The round was oversubscribed by 40%, reflecting the significant and growing interest in the company’s vision.

In addition to current investor Outlier Ventures, this round added Protocol Labs, Master Ventures, Delta Blockchain Fund and other key investors to the list of those who believe in what Functionland is trying to achieve.

“We’re excited about the milestones this funding will help us accomplish,” said Keyvan Sadeghi, (CEO, Functionland). “It is another step forward in Functionland’s mission to put a piece of blockchain on everyone’s desk. Our proof-of-concept photo storage app, Photos, is already recognized by developers as in the top three percent of open-source projects around the world. This funding will help us move successfully into the next phases of Borg Network development and our crowdfunding campaign for Box Hardware.”

Functionland’s Box will be launching soon on Kickstarter, and you can subscribe here to get notified and get 50% off on launch day.

For Functionland, this early development stage is characterized by mutually beneficial business relationships. The company already enjoys a working relationship with Protocol Labs that benefits its Borg Protocol, which uses IPFS and Libp2p technologies to facilitate p2p network transactions.

“Protocol Labs is committed to supporting projects with decentralization as a core principle of their vision,” said Brad Holden (investments lead, Protocol Labs), “Functionland’s development of blockchain-attached storage strives to decentralize cloud services and democratize the internet through the creation of a freer, more innovative Web3-based experience.”

There is significant global interest in Functionland’s project, reflected in the fact that the company has attracted high-profile Web 3.0 investors from all over the world, including Outlier Ventures (UK); Protocol Labs (USA); Tenzor Capital (Russia); Pinnacle Venture (India); Contango Digital Assets (Canada); Meta One Capital (Canada); Delta Blockchain Fund (USA); Master Ventures (Hong-Kong); DoraHacks (China); MaxStealth (Australia); MKD Capital; NxGen xyz; Oddgems.

Functionland has also established partnerships with leading Web 3.0 companies including Dfinity, Crust Network, Filecoin and Cudos Network.

SOURCE Functionland

Sayata Extends A Round To $52 Million To Make Business Insurance More Accessible

Seeing more than 10X growth in 2021, Sayata looks to expand its insurance distribution platform by adding more business insurance lines.


NEWS PROVIDED BY

Sayata 

Jan 24, 2022, 09:00 ET


BOSTONJan. 24, 2022 /PRNewswire/ — Sayata, the leading marketplace for insurance brokers and carriers to easily scale their business insurance portfolios, announced the addition of $35M to the previous $17M raised just five months ago, for a total A round of $52M. The additional raise was led by Pitango Growth and Hanaco Ventures, with participation from previous investors Team8 Capital, Vertex Ventures, Elron Ventures, and OurCrowd.

Sayata’s proprietary technology automates the time-consuming process of finding and securing business insurance. Brokers are freed from the manual tasks of hunting for quotes, shuffling applications, and the lengthy back and forth with insurance providers to finalize coverage. Now, brokers input just a few pieces of information and in seconds the software platform delivers multiple insurance quotes tailored to the client’s needs. Once a quote is chosen, brokers complete the process entirely on the platform, securing coverage in a fraction of the time, allowing them to put their efforts towards deepening current customer relationships and expanding their client base.

The Sayata platform launched nearly two years ago offering a way for brokers to seamlessly find and secure cyber insurance for SMBs. The automated platform proved successful in locking down coverage for SMBs regardless of market conditions; whether it’s a “soft market” where insurance is easy to find and relatively inexpensive,  or today’s “hard market” where cyber premiums are rising and coverage is more difficult to find due to the prevalence of ransomware.

The company will use the funds to accelerate the addition of new business insurance lines fulfilling the promise that brokers will always be able to quickly and easily find any business coverage for their SMB clients regardless of market conditions.

“It’s rewarding to know that Sayata is helping brokers efficiently find relevant, cost-effective coverage options for their SMB clients. Their success is reflected in the more than 10X growth we’ve experienced in 2021,” said Asaf Lifshitz, CEO of Sayata. “This latest raise will allow us to accelerate the process of adding new lines of commercial insurance with the same easy-to-use functionally giving brokers a single destination for finding and securing insurance for SMBs.”

“Asaf and Sayata’s team have been leading the company’s staggering growth since launching their solution less than two years ago while making 2021 a breakout year,” said Isaac Hillel, Managing Partner at Pitango Growth. “They’ve demonstrated the ability to build an offering that’s already successfully migrating an industry to more efficient digital solutions for finding and securing insurance. We look forward to them replicating their success across additional business coverage categories as they tackle the $100B small commercial insurance industry.”

Lior Prosor, founding partner of Hanaco Ventures added “Sayata sits right at the heart of our insurtech 2.0 thesis. We believe the next multi-billion dollar insurtech companies will not be new consumer brands like generation 1.0, but rather solutions that transform the industry’s current manual back-end processes into streamlined digital solutions. Sayata has proven more than adept at automating the distribution process of acquiring insurance for brokers. We think they are just in the first inning of tapping into the $100B SMB insurance market in the US. We are very excited to join and support their journey.”

About Sayata

Sayata delivers rapid growth to insurance brokers and carriers that focus on small-to-medium businesses. The Sayata platform streamlines the quote-bind-issue process allowing insurance professionals to seamlessly place more insurance policies in a fraction of the time. Sayata provides an end-to-end technological solution along with educational tools, giving our partners the ability to grow their book quickly and efficiently.

www.sayata.com

About Pitango Growth

Pitango Growth is a tight and fast-moving team specializing in helping disruptive companies scale from startups into global players. With three decades of supporting Israeli founders, the team connects companies with their unique network of strategic global partners, as well as knowledge and benchmarks, that are required to fuel structured growth spurt in a constantly evolving tech world. In the past 5 years alone, Pitango Growth has helped 7 of its portfolio companies become unicorns and go Public on the capital markets, among them: Riskified (NYSE: RSKD), AppsFlyer, Via, DriveNets, Tomorrow.io, Tailor Brands, Logz.io, WhiteSource, Tabit and more.

About Hanaco

Hanaco Ventures is a New York and Tel Aviv-based Venture Capital fund that invests in the most promising start-ups from the Israeli ecosystem. Hanaco partners with Israeli companies, wherever they are in the world, helping them become category leaders beloved by their customers. Hanaco was founded in 2017 by Alon Lifshitz, Pasha Romanovski, and Lior Prosor. Hanaco’s 30+ company portfolio includes companies such as Infarm, SeeTree, AmWell, Yotpo, Namogoo, Moovit, and Via.

www.hanacovc.com/

Media Contact
Kevin Capon
kevin@westraycommunications.com 
+972-585190791

SOURCE Sayata

LOS ANGELES, Calif.Jan. 24, 2022 /PRNewswire/ — Jellysmack is all in on video creators. Today the full-service creator company announced the expansion of its fast-growing global Creator Program with a new venture that offers upfront capital to qualified creators in exchange for licensing videos in the creator’s YouTube library. Jellysmack’s unmatched deep data and AI capabilities enable the company to predict potential earnings of any given creator’s YouTube video catalog and offer lump sum payments ranging from $50,000 to $50,000,000 or more to qualifying creators. This catalog licensing venture brings the Jellysmack Creator Program’s total plan for creator investments to $750M.

Jellysmack’s new catalog licensing model gives creators an upfront cash infusion to take the next steps for business growth without giving up any equity in their intellectual property, brand, or new ventures. While many creators are expected to use the funds for common needs like scaling content creation, hiring additional team members, launching new business ventures, or securing studio space, creators can use the capital for anything they choose. Additionally, the company does not participate financially in any newly uploaded YouTube video content. This non-dilutive design allows creators to remain fully independent and at the helm of their burgeoning enterprises.

The catalog licensing venture establishes yet another pathway for Jellysmack to support creators as business owners. Creators can either opt for a deal to receive immediate capital in exchange for licensing some of their YouTube catalog, take part in the Creator Program for multi-platform monetization over time, or participate in both.

“With the addition of catalog licensing to our arsenal, Jellysmack has become the only all-around solution for creators and we’re backing our commitments with over $750 million,” says Jellysmack President, Sean Atkins. “Whether a creator is looking for immediate capital or wants to focus on long-term multi-platform growth, Jellysmack now has even more ways to empower creators as solopreneurs. It’s all part of our creator-driven mission to empower creators behind-the-scenes to go bigger.”

A large scale social video creator in its own right, Jellysmack got its start by building and scaling dozens of its own video channels like Beauty Studio, Oh My Goal, and Gamology into the world’s leading social communities. This first-hand knowledge plus the company’s unmatched technology, puts Jellysmack in a unique position to support individual creators not just financially, but also strategically.

Head of International, Youri Hazanov, explains that Jellysmack’s history sets it apart. “Unlike a purely financial partner, we think like creators and understand what creators need to grow and thrive. Between the Jellysmack Creator Program and our original content channels, our technology is gathering powerful insights that put us in an unrivaled position to evaluate and offer much-needed upfront capital for a creator’s YouTube video library.”

Jellysmack’s internal data teams include over 200 experts with hundreds of additional tech and data hires planned for this year. The company’s advanced AI technology gives it a unique edge in valuing the future performance of legacy content. Jellysmack’s predictive analytics and custom algorithms for social media video performance will be central in selecting creators and generating aggressive offers.

Jellysmack has been making a name for itself over the past few years with the skyrocketing performance of the Jellysmack Creator Program. The Creator Program leverages the company’s proprietary AI technology and first-party data to help individual video creators grow their audiences across multiple social platforms. In 2021, the Creator Program grew by 300%, going from 100 creators to over 400 by year’s end. It currently counts over 500 of the world’s most influential creators as partners, including megastars MrBeast, PewDiePie, and Nas Daily, plus fan favorites like Patrick Starrr, Bailey Sarian, and Karina Garcia. The company’s cutting edge tech stack recently attracted a nine-figure Series C investment from world-renowned technology fund SoftBank Vision Fund II which catapulted it to a unicorn status valuation.

“By receiving cash up front for their catalog videos, creators no longer have to wait years for YouTube to pay out back catalog earnings and they don’t have to worry about paying back a loan,” noted Atkins. “Their past content can literally fund their future success.”

To learn more about Jellysmack catalog licensing or to apply, visit catalog.jellysmack.com.

About Jellysmack
Co-founded in 2016 by Michael PhilippeRobin Sabban, and Swann Maizil, Jellysmack is the global creator company that detects and develops the world’s most talented video creators through technology. The company’s proprietary data and video optimization tools drive social audience growth, unlocking new revenue streams and amplifying monetization. The company is currently home to over 500 influential creators, including MrBeast, PewDiePie, Bailey SarianBrad MondoKarina GarciaDerek Deso and Patrick Starrr. Jellysmack optimizes, operates, and distributes creator-made video content to Facebook, Instagram, Snapchat, TikTok, Twitter, and YouTube. The company’s creator strategy builds upon its success in scaling its own original content channels in beauty (“Beauty Studio”), soccer (“Oh My Goal”), gaming (“Gamology”), and more. According to leading global video audience measurement firm Tubular Labs, combined Jellysmack-managed content boasts a cross-platform reach of 125 million unique U.S. users, reaching nearly 45% of all Americans and making it the largest digital-first U.S. company in monthly social media viewers. To learn more, visit jellysmack.com.

Contacts
Jellysmack Public Relations:
The Brand Agency
jellysmack@thebrand-agency.com

SOURCE Jellysmack

SAN FRANCISCOJan. 24, 2022 /PRNewswire/ — Klarity, the AI platform that turns documents into structured data and frees humans from painful and voluminous document review, today announces $18M in Series A funding led by Tola Capital with participation from new and existing investors. With 5x growth over the past three quarters, the company continues to scale and meet the needs of midmarket and enterprise finance and accounting teams. Klarity will invest this round of capital to grow its engineering and Go-To-Market teams to deliver the world’s first fully-automated document processing and management platform for finance and accounting teams for midmarket and enterprise companies. Sheila Gulati, the Managing Director and Founder of Tola Capital will be joining the board of directors.

New investors include:

  • Tola Capital
  • Invus Opportunities
  • Dave Sipes, CEO of 8×8; Sam Wilson, CFO of 8×8 and Germaine Cota, CAO of 8×8 and Klarity customer
  • Tony Tiscornia, CFO of Coupa and Klarity customer
  • Daniel Dines, founder and CEO of UiPath, Brandon Deer, VP of Operations and Strategy of UiPath and Dylan Reider of Crew Capital
  • Douglas Solomon, former General Counsel, and Ron Gill, former CFO, NetSuite
  • Brad Lightcap, CFO; Jeanine Korovesis, Controller; Jason Kwon, General Counsel, OpenAI

Existing investors following on, include: Elad GilDaniel GrossNat Friedman and Picus Capital

Klarity was founded by Harvard Law and MIT graduates, Ondrej Antos and Nischal Nadhamuni. Since launching its flagship product, Klarity has grown its enterprise customer base from zero to 39 in a single year – a group that includes some of the most innovative and well-known software companies in the world. As the company has grown, so too has customer demand for new features and capabilities. With this significant cash infusion, Klarity will deliver further capability to midmarket and enterprise customers.

“This funding round represents a huge leap forward for Klarity and its customers, and a resounding vote of confidence for our platform. We are thrilled to welcome new investors onboard, and incredibly proud that our existing investors not only participated in this round but grew their investments exponentially,” said Ondrej Antos, CEO and co-founder of Klarity. “We’re excited to invest heavily in building a unique community for revenue accounting professionals, supporting our existing customers and continuing growing at an exponential pace,” added Ondrej Antos.

“What distinguishes Klarity from the competition is that our document intelligence platform is by far the most accurate in the world. Now, we’ll be able to increase our investment into our Artificial Intelligence platform and further solidify our position as a leader in document intelligence,” said Nischal Nadhamuni, CTO and Co-founder of Klarity.

Most organizations rely on a painful, repetitive, manual review process to glean mission-critical information from documents needed for order processing, billing and revenue recognition. Klarity’s platform automates these processes to eliminate the need for manual review, which frees highly skilled professionals from the most cumbersome parts of their jobs. Klarity’s platform was built over four years leveraging cutting-edge Natural Language Processing, Computer Vision and general Machine Learning techniques to understand documents to the same degree as a human.

Today, the vast majority of enterprises don’t even realize there is a technological solution to this omnipresent problem. This additional funding will allow Klarity to build and scale sales and marketing to help reach and educate the countless enterprises positioned to immediately benefit from Klarity’s one-of-a-kind platform. “Revenue recognition and compliance with ASC 606 is both essential and presents pervasive challenges in terms of human capital requirements and human error. Not only does Klarity solve this problem of transforming documents to structured data, they have done it in a way that is automated, removes the risk of mistakes, and provides an audit trail,” said Jake Nibley, Vice President, Tola Capital. “We are delighted to be partnering with Klarity to build an enduring, AI-powered document processing platform.”

Klarity has eliminated painful, resource-intensive manual document review for some of the highest-growth SaaS companies across midmarket and enterprise like Coupa and 8×8.

During the first year of its existence, Klarity processed over 144,000 documents for its customers, increasing compliance and saving more than 35,000 human-hours in document review for finance and accounting teams at private and public companies.

“Klarity came in and quickly helped us cure one of our most challenging headaches with technology that simply didn’t exist prior. As a customer, the peace of mind Klarity delivers is extremely valuable,” said Tony Tiscornia, CFO of Coupa. “We are proud to accompany this incredible founding team on its continued journey, and look forward with great anticipation to what they have in store.”

About Klarity

Klarity is building a future where humans don’t have to waste time and mental energy on reviewing repetitive documents. With roots at MIT and Harvard, we’ve built an AI-powered software that understands documents the same way humans do and with a higher accuracy. Today, Klarity is used by finance and accounting departments at companies like Coupa and 8×8 that use Klarity’s technology to automate the burdensome review and management of documents for revenue accounting purposes. Klarity’s AI software improves financial regulation compliance, saves accounting teams 85%+ time and removes the most dreaded part of their jobs – document review. For more information, visit www.tryklarity.com.

About Tola Capital

Founded in 2010 by ex-software operators, Tola Capital is a venture capital firm that believes in the power of software and data to transform businesses. We provide hands-on engagement to founders who see that future and are building solutions with the potential for long-term, transformational change. Tola Capital exclusively targets software companies with essential products for enterprise customers, led by exceptional and diverse talent. Tola Capital invests globally and across multiple stages to change how the world will work. For more information, visit https://www.tolacapital.com

SOURCE Klarity Intelligence, Inc.

NEW YORKJan. 20, 2022 /PRNewswire/ — Smart contract audit firm HashEx has recently completed a seed investment round, funneling the funds into developing a new product called AnalytEx. It is an advanced analytics ecosystem that will focus on providing clients with data and insights on various crypto-related passive-income opportunities.

HashEx is widely known in the crypto market for its expertise and solid reputation when it comes to providing high-level security services for DeFi projects. In 2021 alone, the company has conducted security audits for over 300 projects. Now HashEx seeks to make use of its expansive knowledge on blockchain data by putting together an analytical product designed with a focus on ROI and safety of investment.

With AnalytEx, users will be able to make data-driven decisions, supported by fresh information, without the need for a deeper understanding of blockchain technology. In doing so, AnalytEx will become a convenient and safe tool for those who want to increase their investment capital in a constantly changing market.

“New DeFi projects are emerging too fast for potential investors to track without missing out on some good opportunities. The demand for a new full-service product that would assist them with this task has become too big to ignore. This is why our team has come to the decision to develop AnalytEx. We estimate the potential demand for this service to reach $274 billion in 2022, and by 2025 we believe that it will grow to be over $1 trillion,” – stated Dmitry Mishunin, CEO and Founder at HashEx.

“We are now facing the next phase of DeFi evolution, and this new era requires innovative approaches to problem-solving and decision-making. We aim to create something more than just another data tracker – AnalytEx will become a powerful product that shall drive data democratization and transform the way people interact with DeFi,” – Olga Voykina, CPO and Co-founder of AnalytEx.

About HashEx

Founded in 2017, and with offices in the US, Asia and RussiaHashEx brings together a team of experts in blockchain and smart contract auditing, with the mission of providing security in the crypto sector. Over the course of its history, HashEx has audited and helped launch over 500 DeFi protocols and prevented the loss of over $2 billion worth of investor funds thanks to detailed reports on likely threats and vulnerabilities in the code and recommendations for their elimination.

SOURCE HashEx

TEL AVIV, IsraelJan. 18, 2022 /PRNewswire/ — Entrée Capital, a leading global venture capital firm, today announced the closing of its fourth Israel-focused early-stage fund and its second Israel-focused early growth fund. The new funds total $300m in new commitments, bringing Entrée Capital’s total assets under management to $1 Billion.

The new funds will invest primarily in the areas of DeepTech, FinTech, SaaS, Web 3.0 (Crypto/Blockchain), Data/Cloud Infrastructure, and DevOps, as well as consumer and foodtech opportunities where the firm has built expertise. Entrée Capital Israel Early Stage Fund IV will provide pre-seed and seed funding to Israeli startups targeting deals of $500k to $6 million. The Israel Early Growth Fund II will focus primarily on Series A and B, with investments of $5 million to $15 million, allowing Entrée Capital to both join and lead deals.

 

Additionally, Entrée is honored to announce that existing team member Adi Gozes has been promoted to Partner in Entrée’s Israel Funds. Adi’s stellar career started with her serving in Israel Defense Forces’ 8200 Elite Intelligence unit, followed by a B.Sc. in Computer Science and an MBA from Tel Aviv University.  Adi started out as a product manager and then as a startup co-founder, eventually moving into the venture capital world four years ago. “We could not have found a better fit to join the partnership. Adi is passionate, empathic, has technical and founder experience, and has contributed to the firm immensely since she joined,” says Avi Eyal, Entrée Capital’s co-founder and General Partner.

Since 2011, Entrée Capital’s Israel Funds have invested in pre-seed and seed financing rounds of successful Israeli and global startups. Over the last decade, Entrée Capital’s Israel and Global Funds have realized 27 exits and IPO’s, helped build 15 unicorns, and after eight years, its first Israel fund has already distributed 40x (DPI).

“Believing in people who want to change the world is in our DNA, and as serial entrepreneurs ourselves, we know the importance of taking the first steps with world-changing founders. With companies like monday.com, Riskified, Breezometer, Classiq, and others, we have been fortunate and proud to be invested from the pre-seed stage, providing initial capital and support and then following the early investments through multiple rounds as the companies have grown,” adds Avi Eyal.

“Entrée’s global footprint of invested companies such as Cazoo, Glovo, Gusto, Coupang, and more is a key advantage that we bring to Israeli startups,” says Ran Achituv, General Partner at Entrée Capital. “We have extensive global contacts and a unique perspective, enabling us to look from the outside in. We are proud to be one of the only Israeli funds that heavily invest in both Israeli and global markets together.”

“With these new funds, Entrée Capital will continue its mission to ‘partner with the exceptional to build the impossible,” says Eran Bielski, General Partner at Entrée Capital. “I tell entrepreneurs: if you’re working on something that seems too big for most people to want to stomach, you should probably talk to us.”

About Entrée Capital

Entrée Capital, a global venture capital firm with offices in Israel, the UK, and the US, manages $1B across 9 funds and has invested in hundreds of global startups in the US, Canada, the UK, EuropeIsraelAustraliaAfricaIndiaSouth Korea, and the United Arab Emirates. Entrée’s portfolio companies include monday.com, Riskified, Rapyd, Cazoo, Coupang, Snapchat, Breezometer, Deliveroo, Fundbox, Glovo, Postmates, Kuda Bank, Stash, PillPack, and more than 130 others with a combined value of $335 billion.

In 2021, Entrée was ranked as the 4th most prominent Fund in Europe (dealroom.co), the most active Fund in Israel (IVC), and co-founder and managing partner, Avi Eyal was named as number 3 on the 2021 Forbes Europe Midas List. Entrée portfolio has achieved over 27 exits and IPOs and more than 15 Unicorns, with portfolio companies Deliveroo, Cazoo, Coupang, Riskified, and monday.com all going public in 2021.

www.entreecap.com

SOURCE Entrée Capital

AUSTIN, TexasJan. 18, 2022 /PRNewswire/ — Evo Security, the first company to build a comprehensive Identity and Access Management (IAM) solution engineered specifically for Managed Service Providers (MSPs) and their SMB customers, has announced a $3.9M Series Seed Round led by Sorenson Ventures, Inner Loop Capital, Secure Octane, Channel Angels, and multiple strategic angels rounding out the syndicate.

Founded by tenured entrepreneur, engineer, and investor, Michael Roth, Evo is a growing team of elite technical and channel veterans focused on the unique, underserved, and overlooked challenges MSPs face when attempting to manage IAM for their broad customer base.

“Identity and Access Management is not new for the enterprise, but it is for over half of MSPs and their SMB customers around the world. With the attack surface expanding rapidly into the SMB space, and IAM emerging as the cornerstone of a zero-trust approach, it’s time MSPs have a purpose-built solution that can easily fit into their managed stack. We’re incredibly excited to draw a line in the sand and serve our MSP Partners in a way that is long overdue,” said Michael Roth, Founder & CEO of Evo Security.

“As we’ve seen with so many of the major breaches, the soft underbelly of the enterprise for attackers is to exploit a vulnerability in a small or mid-size business that is connected to the enterprise. With its end-to-end platform, Evo Security is helping to eradicate this important attack vector,” said Ken Elefant, Partner at Sorenson Ventures.

“The MSP industry has become institutional in nature, and therefore requires enterprise-grade solutions that solve the unique multi-tenant challenges MSPs face with respect to IAM. Evo is solving these problems and has a substantial opportunity to help mitigate breaches for MSPs and SMBs,” said Justin Label, Managing Director of Inner Loop Capital.

The round will help advance existing capabilities, expand product features, and build a world class partner success and support team.

Interested in becoming an Evo Security Partner and/or inquire about a media opportunity? Visit www.evosecurity.com

About Evo Security
Based in Austin, Texas, Evo Security is an early-stage cybersecurity startup built by proven entrepreneurs, engineers, and channel experts who deeply understand the unique challenges of MSPs and their small-to-medium business (SMB) customers.

SOURCE Evo Security

SAN FRANCISCOJan. 18, 2022 /PRNewswire/ — Ironclad, the leading digital contracting platform, today announced it has raised $150 million in Series E financing, bringing total investment to $333 millionFranklin Templeton, a global investment management firm known for backing category-defining leaders like OneTrust and Gong, is leading the round. The 100% insider round also includes previous investors like BOND, YC Continuity, Emergence, Lux, Haystack, Accel, and Sequoia Capital. Ironclad will use the funding to fuel product innovation and scale its digital contracting platform, which is the standard of choice for innovative organizations around the world.

“We’ve been following the digital contracting space for years, and Ironclad is the clear leader,” said Ryan Biggs, Managing Director of Franklin Templeton’s Franklin Venture Partners. “Other players have some components of the solution, but only Ironclad has the whole package. They are leading the field when it comes to vision, product innovation, and team, and we’re excited to partner with them to build the dominant platform for all business-to-business contracting.”

Founded in 2014, Ironclad is the preferred contracting solution for innovators ranging from Fortune 500 companies, like L’Oréal and Mastercard, to industry vanguards like Texas Rangers Baseball Club and Snap. These innovative companies use Ironclad to turn contracts from business blockers to accelerators, and to unlock the data trapped inside contracts into operational insights that power the entire business.

Mastercard, for example, uses Ironclad to free up strategic bandwidth and resources. Mastercard’s VP and Lead Counsel for US Markets, Anushree Bagrodia says, “If we didn’t have Ironclad, we wouldn’t have seen such capacity freeing up for our lawyers and our business.” And Texas Rangers, a Major League Baseball club, uses Ironclad to unlock contract metadata that has enabled them to stay agile during COVID. “We were able to leverage the dataset that Ironclad provided us to pull all of the individual contracts we had and take a holistic view of what we had signed and what could be impacted by COVID,” explains Katie Morgan, VP of Business Analytics at Texas Rangers. “Frankly, we wouldn’t have survived COVID, but for that,” says Executive Vice President and Chief Financial Officer of Texas Rangers, Kellie Fischer.

Unlike other popular contract lifecycle management solutions, Ironclad was built on modern software design principles and is walk-up usable without training, easy to implement, and collaborative. As the only solution on the market with a completely self-service workflow designer and 100% DOCX-native, browser-based editor, Ironclad is uniquely able to meet the needs of remote organizations in our post-COVID world.

Yet Jason Boehmig, CEO and co-founder, says this is just the beginning. “So far, we’ve focused on the core digital contracting experience: the standardized system for business-to-business contracts that connects people to systems and ultimately, data,” he explained. “This next phase of growth will be about expanding that experience into a platform that connects business contracting processes across the organization.”

“Ironclad’s early vision of the digital contracting platform has come to life,” said Ali Rowghani, Managing Partner at YC Continuity. “Their platform approach has already radically transformed contracting for their customers, and will soon transform contracting for all businesses.”

The funding comes on the heels of two important new hires: earlier this year, Leyla Seka joined Ironclad as COO, after two years as a venture capital partner and twelve as a top Salesforce executive, where she built and scaled iconic products including the AppExchange, Desk.com, and Salesforce Mobile. Helen Wang joined Ironclad as CFO, after serving as CFO for eBay Global Payments. “Businesses move as fast as they can contract and Ironclad’s digital contracting platform enables companies to use technology to transform how they contract and do business,” said Helen Wang, CFO. “We’ve already built the product, go-to-market, and infrastructure needed to deliver the Ironclad platform to businesses around the world, irrespective of size or industry. Now, with the backing of public market investors like Franklin Templeton, it’s time to really scale.”

Ironclad shares the latest technologies in business contracting at its quarterly State of Digital Contracting (SDC) summit, the only event that brings together leading minds at the intersection of technology and business to prepare professionals for the evolving state of digital contracting. The largest summit of the year is happening in March 2022; subscribe for updates here.

About Ironclad
Ironclad is the #1 contract lifecycle management platform for innovative companies. L’Oréal, Staples, Mastercard, and other leading innovators use Ironclad to collaborate and negotiate on contracts, accelerate contracting while maintaining compliance, and turn contracts into critical carriers of operational business intelligence. It’s the only platform flexible enough to handle every type of contract workflow, whether a sales agreement, an HR agreement or a complex NDA. The company is a Leader on the Forrester Wave for Contract Lifecycle Management, and was named one of the 20 Rising Stars on the Forbes 2019 Cloud 100 list, and is backed by leading investors like Accel, Sequoia, Y Combinator, and BOND. For more information, visit www.ironcladapp.com or follow us on LinkedIn and Twitter.

Media Contact:
Patrick Murphy
ironclad@blastmedia.com

SOURCE Ironclad Inc.

NEW YORKJan. 18, 2022 /PRNewswire/ — ValueBlue, a leading and innovative provider of SaaS solutions in the digital transformation market, today announced it has secured $11 million in Series B funding, led by Octopus Ventures and Newion. The funds will support ValueBlue’s US, UK, and EMEA expansion, hiring top talent, and further developing the existing software platform supporting enterprise architecture (EA) use cases. ABN AMRO also participated in the round by providing additional growth funding.

With authority and proven success in the field of EA, ValueBlue has not only earned a renewed commitment from previous investment partner Newion, but has also attracted UK-based Octopus Ventures, one of Europe’s largest and most active venture capital firms.

 

Paul Davidson at Octopus Ventures commented: “Organisations now recognize the benefits of more closely aligning business strategy with IT strategy as a key enabler of driving commercial value. Digital transformation is one activity borne out of this understanding. The pandemic has further exacerbated this perspective and we don’t see that changing. ValueBlue’s ability to coordinate the complexities of digital architecture and collaboration across departments has never been more important as business leaders look for a solution to manage and refresh outdated infrastructure and technology stacks.”

ValueBlue’s collaborative EA platform provides unprecedented business insights that are crucial for planning and structuring as enterprises go digital. The cloud-native platform unlocks impactful and effective collaboration across all departments, not just CIOs and enterprise architects so that teams can stay aligned throughout the entire transformation process at every step.

“We’re beyond thrilled with the closing of our successful Series B round and the deep relationships we’ve forged with our investors,” said Wilko Visser, CEO at ValueBlue. “The new investment signifies that we’re on the right track and it will also strengthen our dedication to our customers. Businesses already face a multitude of challenges and agile transformation can be a daunting feat, but ValueBlue is here to simplify enterprise architecture and make the transition to digital feel exciting and seamless.”

ValueBlue has been addressing the growing need for agile business transformation since 2011 and the latest capital injection comes at a critical time. In a recent 2021 executive study from Deloitte, digitally mature companies perform better than their less digital counterparts: they are about twice as likely to generate net profit margins and annual revenue growth significantly above their industry average. With the coronavirus pandemic expediting the urgency for businesses to shift to the digital economy, it’s now more important than ever for companies to implement digital transformation strategies in order to survive and flourish.

“With this Series B round together with Octopus Ventures, we have a solid foundation to further accelerate ValueBlue’s growth to market leadership for the next years”, said Patrick Polak, Managing Partner of Newion and Board Member of ValueBlue.

The company is currently hiring sales executives and a number of other roles based in the New York office. Job listings can be found at careers.valueblue.com.

To learn more about ValueBlue and its SaaS platform, visit https://www.valueblue.com.

About ValueBlue

ValueBlue is the leading company behind the Enterprise SaaS tool that helps CIOs and Enterprise Architects plan, collaborate, and manage business transformation.

The collaboration platform speeds up Agile Business Transformation for CIOs and Enterprise Architects across the globe. With BlueDolphin, 165+ customers like AS Watson, Randstad, and Wyndham Hotel Group plan and manage transformation based on data insights and business impact with offices in EMEA, the USA, and APAC. For more information, please visit: https://valueblue.com/

About Octopus Ventures
Octopus Ventures, part of the Octopus Group, is built to specialize in the four areas we believe will change the world for the better: health, money, deep tech, and consumer. The portfolio companies backed by Octopus Ventures have gone on to join forces with the world’s largest businesses including Google, Amazon, Microsoft, and Twitter. Octopus Ventures is one of the largest and most active venture investors in Europe and is based in London and New York with a network that spans from San Francisco to China. For more information, please visit: https://octopusventures.com/

About Newion
Newion is a leading Amsterdam-based Venture Capital Firm, focused on early–stage European B2B SaaS companies with global ambitions. The company has invested in 70+ companies among which Collibra, Reasult, Nallian, Foleon, CustomerGauge, L1nda, Swipeguide, Deliverect, Passendo, MediaTool, Filestage Apicbase, Salonkee, and Objective Platform. Newion III is supported by InnovFin Equity, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI), set up under the Investment Plan for Europe. The purpose of EFSI is to support financing and implementing productive investments in the European Union and to ensure increased access to finance. Please visit www.newion.com for more information.

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SOURCE ValueBlue