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bengross794 · 30 minutes
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Aon Unveils $350M Program for Ukraine Recovery
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Aon plc, a leading global professional services firm, has announced a groundbreaking insurance program worth $350M in collaboration with the U.S. International Development Finance Corporation (DFC) to enhance insurance capacity and expedite new capital investment and economic recovery in Ukraine.
As a prominent broker in Ukraine, Aon has successfully coordinated a comprehensive $50M reinsurance facility, working closely with DFC and the Ukraine Ministry for Development of Economy and Trade. This facility aims to support the issuance of on-the-ground war risk policies to businesses operating in Ukraine. Additionally, Aon and DFC have collaborated on an additional $300M in war risk insurance specifically tailored for Ukraine's health care and agriculture industries.
During the Ukraine Recovery Conference in Berlin, Eric Andersen, the president of Aon, emphasized the significance of this program, stating, "Capital will only flow where it is protected, and this unprecedented partnership with the U.S. International Development Finance Corporation aims to unlock and expedite investment in Ukraine during this critical time." He further highlighted that this groundbreaking facility will enable the local insurance industry to accurately price risk and attract much-needed new capital to support the country's reconstruction efforts.
Under this program, DFC will act as the reinsurer for qualified insurance companies issuing policies in Ukraine, assuming $50M of war-related reinsurance risk. This facility builds upon DFC's established models of on-lending and insurance underwriting, particularly for war and political risk. The additional $300M capacity in war risk insurance for Ukraine's health care and agriculture sectors reflects the strong demand for accessible and affordable war risk insurance by private companies operating in Ukraine, which is expected to increase during the reconstruction phase.
More Information : https://www.techdogs.com/tech-news/pr-newswire/aon-announces-first-of-its-kind-350m-insurance-program-to-accelerate-new-capital-investments-and-economic-recovery-in-ukraine
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bengross794 · 2 hours
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Alida Biosciences Secures Series A Funding
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Alida Biosciences, a leader in the field of epigenomic research tools, is thrilled to announce the successful conclusion of a $7.5 million Series A funding round. This significant investment, spearheaded by Genoa Ventures and joined by FusionX Ventures and Vertical Venture Partners, is further bolstered by two ongoing SBIR grants totaling $4 million from The National Human Genome Research Institute. Moreover, AlidaBio is excited to introduce the Early Access release of two groundbreaking products: the EpiPlex™ RNA Library Prep Kit and the EpiScout™ Analysis Suite. These cutting-edge solutions offer a comprehensive approach to multiplexed epitranscriptomic analysis of limited clinical research RNA samples, providing unparalleled sensitivity and accuracy.
Revolutionizing Epitranscriptomic Research
The EpiPlex RNA Library Prep Kit is poised to revolutionize epitranscriptomic research by enabling the detection of RNA modifications on an unprecedented scale. This innovative kit seamlessly integrates a streamlined assay workflow with an intuitive bioinformatics platform, facilitating high-sensitivity analysis of RNA modifications. The epitranscriptome, which encompasses a diverse range of naturally occurring RNA modifications, plays a pivotal role in regulating various aspects of RNA biology, including RNA-protein interactions, splicing, three-dimensional RNA structure, transcript stability, intracellular trafficking, and translation.
Breaking Boundaries with Non-Antibody Binders
Traditional methods of RNA modification detection, relying on antibody-based and chemical approaches, are limited to detecting a single type of modification per assay and require substantial amounts of RNA input. The EpiPlex kit overcomes these limitations by utilizing non-antibody binders (NABs) that exhibit exceptional affinity and minimal off-target binding. This breakthrough technology ensures superior reproducibility, sensitivity, and accuracy, even when working with low amounts of RNA. The early access launch of these products follows the successful beta testing phase, during which customers expressed high satisfaction with the improved workflow and exceptional data quality.
At Alida Biosciences, we remain committed to pushing the boundaries of scientific research and providing researchers with the tools they need to make groundbreaking discoveries in the field of epigenomics. With the introduction of the EpiPlex RNA Library Prep Kit and the EpiScout Analysis Suite, we are confident that we are empowering researchers to unlock new insights into the intricate world of RNA modifications.
More Information : https://www.techdogs.com/tech-news/pr-newswire/alida-biosciences-announces-series-a-funding-and-early-access-launch-of-innovative-products-for-epitranscriptomic-research
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bengross794 · 3 hours
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Microsoft Aids Rural Hospitals Against Cyberattacks
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Microsoft Corp. has recently unveiled a new cybersecurity initiative aimed at assisting hospitals that cater to over 60 million individuals residing in rural America. In 2023, the healthcare sector experienced a surge in ransomware attacks, surpassing all other critical infrastructure sectors. Shockingly, ransomware attacks targeting the healthcare industry rose by nearly 130%. These cybersecurity breaches not only disrupt healthcare operations nationwide but also directly jeopardize patient care and the essential functioning of hospitals. In rural communities, these attacks can be particularly devastating, especially for smaller, independent Critical Access and Rural Emergency hospitals that have limited resources to prevent and address security risks. Often, these hospitals are the sole healthcare option available for miles in the communities they serve.
According to the National Rural Health Association, rural health clinics are among the primary targets for cyberattacks. To address this pressing issue, Microsoft has introduced the Microsoft Cybersecurity Program for Rural Hospitals. This program is specifically designed to cater to the unique cybersecurity requirements of these organizations. It will provide free and affordable technology services, along with complimentary training and support, to these hospitals.
Justin Spelhaug, corporate vice president of Microsoft Philanthropies, emphasized the importance of ensuring healthcare accessibility regardless of one's location. He expressed concern over the escalating cyberattacks, which not only threaten the survival of rural hospitals but also impact communities throughout the United States. Microsoft remains dedicated to delivering essential technology security and support precisely when these rural hospitals need it the most.
More Information : https://www.techdogs.com/tech-news/pr-newswire/microsoft-to-help-rural-hospitals-defend-against-rising-cybersecurity-attacks
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bengross794 · 2 days
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Commit Biologics to Present at Complement Conf.
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Commit Biologics, a leading company in utilizing the complement system to treat cancer and autoimmune diseases, has announced that it will be presenting a poster at the 16th International Conference on Complement Therapeutics. The poster will showcase important data on Commit's innovative Bispecific Complement Engaging (BiCE��) platform.
The poster, titled "BiCE™ – An antibody platform to enhance complement activation for the treatment of cancer and autoimmune diseases," will be presented by Dr. Nick S. Laursen, Chief Scientific Officer and Co-Founder of Commit Biologics.
The data presented will highlight the optimization of the BiCE™ platform and demonstrate that Commit's second-generation BiCE™ molecules are more effective in inducing complement-mediated cell killing compared to other technologies. With its unique mechanism of action, Commit's technology has the potential to become a leading therapeutic option for the treatment of cancer and autoimmune diseases.
The complement system, an integral part of the body's immune system, has previously been underutilized in therapeutic applications. However, Commit has developed a groundbreaking Bispecific Complement Engaging (BiCE™) platform that harnesses the power of validated antibodies to activate the complement system and selectively eliminate cancer cells or cells involved in autoimmune diseases. The BiCE™ platform utilizes bispecific single domain antibodies, with one arm recognizing the complement protein C1q and the other arm targeting a specific antigen, such as a cancer-specific antigen. This innovative approach efficiently recruits C1, leading to potent complement activation.
More Information : https://www.techdogs.com/tech-news/pr-newswire/commit-biologics-to-present-data-on-its-bispecific-complement-engaging-bice-platform-at-the-16th-international-conference-on-complement-therapeutics
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bengross794 · 3 days
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CrowdStrike Wins 2024 Cloud Security Award
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Frost & Sullivan has awarded CrowdStrike the 2024 Global Customer Value Leadership Award for Best Practices in Cloud Security. CrowdStrike was commended for its capacity to streamline and expand cloud security through a unified platform. The CrowdStrike Falcon® Cloud Security offers customers worldwide comprehensive protection from code to cloud, allowing them to consolidate various products and prevent cloud breaches.
The CrowdStrike 2024 Global Threat Report revealed a 110% increase in cloud exploitation incidents over the previous year, with adversaries displaying heightened focus and persistence. Preventing cloud breaches necessitates a contemporary protection strategy that comprehensively tackles cloud security risks. The CrowdStrike Falcon Cloud Security presents the most comprehensive CNAPP available today in a single, integrated platform, empowering customers to detect, secure, and thwart all cloud threats and attack surfaces across infrastructure, workloads, applications, APIs, and data. This integrated approach is a key factor driving organizations to switch to CrowdStrike in order to replace isolated cloud security products, contributing to CrowdStrike's status as one of the largest and fastest-growing cloud security providers in the sector.
Anh Tien Vu, Industry Principal of Global Cybersecurity Research at Frost & Sullivan, remarked, "CrowdStrike's integrated cloud-native security platform, coupled with its emphasis on breach prevention and proactive assistance, offers seamless customer support and experience, setting it apart from its competitors." By enhancing its security technology capabilities, building customer trust, and maximizing the value of its solutions, CrowdStrike has emerged as a favored cloud security option among organizations, fueling the adoption of its solutions and revenue growth in recent years to establish itself as a leader in the competitive cloud security field.
More Information : https://www.techdogs.com/tech-news/pr-newswire/crowdstrike-is-awarded-with-frost-sullivan-2024-customer-value-leadership-award-for-cloud-security
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bengross794 · 3 days
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AKATI Sekurity Wins 2024 APAC Strategy Award
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Frost & Sullivan recently conducted an analysis of the Global digital forensics services market and has awarded AKATI Sekurity with the 2024 Asia-Pacific Competitive Strategy Leadership Award. AKATI Sekurity, a prominent Managed Security Service Provider (MSSP), delivers threat intelligence and computer forensics services to a wide range of clients in various sectors such as financial, healthcare, retail, industrial, IT, government, telecommunications, and transportation.
AKATI Sekurity has solidified its presence in the large enterprise segment by offering comprehensive digital forensics services and continuously enhancing its extensive portfolio. This approach has fueled the company's rapid expansion and significantly bolstered its reputation. AKATI Sekurity's standing is further reinforced by achievements like securing the 15th spot in the MSSP Alert's Top 250 MSSP rankings for 2023 and being named the Channel Futures' Security MSP of the Year 2023, MSP 501 award recipient.
The Black Hawk Security Operations Centre at AKATI Sekurity delivers managed security services across five key pillars – Identify, Protect, Detect, Respond, and Recover. These services encompass round-the-clock security monitoring, brand protection & dark-web monitoring, intel-led penetration testing and red teaming (Adversarial Attack Simulation Exercise (AASE)), endpoint Managed Detection and Response (MDR), cybersecurity maturity assessment, threat hunting, next-generation EDR, digital forensic and incident response (DFIR), and crisis communication. Moreover, the company has recently introduced threat exposure management services.
More Information : https://www.techdogs.com/tech-news/pr-newswire/akati-sekurity-earns-frost-sullivans-2024-asia-pacific-competitive-strategy-leadership-award-for-its-rapid-expansion-and-strong-presence-in-the-apac-digital-forensics-services-market
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bengross794 · 6 days
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Telehealth with Rokid Glass 2 Wins HHS Award
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Rokid's AR technology has made a significant impact in the medical field, particularly in nephrology. The remote diagnostic and therapeutic system developed by Rokid's Partner Company using the Rokid Glass 2 has been recognized by the US Department of Health and Human Services for its potential to transform kidney disease management. This accolade, presented in collaboration with the American Society of Nephrology, highlights the progress made in preventing, diagnosing, and treating kidney diseases.
The Telehealth System utilizing the Rokid Glass 2 was commended for its innovative telehealth and telemonitoring API software, facilitating secure and real-time communication between patients and healthcare providers. This system offers solutions for monitoring home dialysis therapy and conducting remote telehealth consultations in COVID-19 dialysis clinics. The advanced features of the Rokid Glass 2, such as voice and touch interaction modes, robust peripheral expansion capabilities, and lightweight design, make it a versatile tool for various applications in the medical sector.
More Information : https://www.techdogs.com/tech-news/pr-newswire/telehealth-system-featuring-rokid-glass-2-wins-hhs-award
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bengross794 · 6 days
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PureSoftware Wins Best BaaS Award at Summit
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PureSoftware is thrilled to share the news of receiving the prestigious 'Best Banking-as-a-Service Platform of the Year' award at the esteemed 14th Africa Bank 4.0 Summit 2024 organized by BII. This recognition highlights PureSoftware's exceptional dedication to the financial sector through its state-of-the-art digital banking platform, Arttha.
Arttha, developed by PureSoftware, is a comprehensive Banking-as-a-Service platform that empowers businesses to explore new revenue opportunities with its cloud-native modules, such as Digital Core Banking, Digital Payments, e-Wallet, Digital Loan lifecycle management, Agency Banking, and Buy Now Pay Later (BNPL). The innovative no-code approach integrated into Arttha enables global banking clients to create more user-friendly banking experiences.
In response to this award, Manish Sharma, the Chief Executive Officer of PureSoftware, expressed gratitude and enthusiasm, stating: "As financial institutions gear up to navigate the upcoming wave of disruptions, our unique platform equips us to lead our clients through the ever-evolving digital landscape. By leveraging Arttha's cloud-native capabilities, we seamlessly incorporate the best technology, ecosystems, and partnership networks to ensure our clients thrive in this era of transformation."
More Information : https://www.techdogs.com/tech-news/pr-newswire/puresoftware-wins-the-best-banking-as-a-service-platform-of-the-year-award-at-the-14th-africa-bank-40-summit
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bengross794 · 6 days
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Hakkoda Wins Snowflake Healthcare Partner 2024
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Hakkoda, a company that helps with cloud data engineering and specializes in Snowflake, recently announced that it won the 2024 Snowflake Healthcare and Life Sciences Data Cloud Services Partner of the Year award. This award was given at Snowflake's annual user conference called Snowflake Data Cloud Summit 2024. Hakkoda was recognized for its work in the Snowflake AI Data Cloud, where it helps customers in the healthcare and life sciences industry improve their data systems and operations. They also help with things like patient experiences and financial performance. Hakkoda is able to use data to streamline clinical workflows and use advanced technologies like AI-powered analytics and automation. With their expertise in healthcare and life sciences, Hakkoda helps organizations make the most of Snowflake's platform and unlock the full potential of their data. The CEO of Hakkoda, Erik Duffield, expressed his gratitude for the award and mentioned that working with Snowflake is important for their mission of improving patient lives with data.
More Information : https://www.techdogs.com/tech-news/pr-newswire/hakkoda-named-snowflake-healthcare-and-life-sciences-data-cloud-services-partner-of-the-year-2024
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bengross794 · 7 days
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DJI Completes Drone Delivery Tests on Everest
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DJI collaborated with Nepalese drone service company Airlift, video production company 8KRAW, and Nepalese certified mountain guide Mingma Gyalje Sherpa to conduct the world's first successful delivery drone trials on Mount Everest (Mount Qomolangma). The trials, completed in April, showcased the remarkable capabilities of DJI FlyCart 30, capable of carrying 15kg payloads in the extreme altitude and environmental conditions of Everest. During the tests, three oxygen bottles and 1.5kg of supplies were transported from Everest Base Camp to Camp 1 (5,300-6,000m ASL), with trash brought back down on the return trip. Christina Zhang, Senior Corporate Strategy Director at DJI, expressed excitement about the project's potential to enhance safety and efficiency in Everest cleanup efforts.
More Information : https://www.techdogs.com/tech-news/pr-newswire/dji-completes-worlds-first-drone-delivery-tests-on-mount-everest
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bengross794 · 8 days
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Carv Secures $10M to Enhance Recruiter-AI Synergy
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Recruitment AI firm Carv has recently secured $10M in seed funding, following the successful launch of its recruitment platform in March. The company has gained significant traction in the industry, attracting investments from notable entities such as Global Founders Capital and independent angel investors who have previously supported successful companies like Slack, Miro, and Revolut. With this funding, Carv aims to expedite its growth and enhance the capabilities of its platform across various aspects of the recruitment process.
Carv's platform addresses one of the most critical challenges faced by talent acquisition professionals today: the increasing burden of administrative tasks in recruitment. Industry data reveals that recruiters spend anywhere between 20% to 40% of their daily workload on administrative duties, which hampers their ability to focus on other crucial aspects of their job. Carv's personalized AI solution allows recruiters to delegate these time-consuming administrative tasks, enabling them to prioritize their interactions with candidates, which is of utmost importance.
Co-founder Barend Raaff emphasizes the practicality of Carv's AI technology in the recruitment field, stating, "We often discuss the future of AI in recruitment in abstract terms. With Carv, we make it tangible." By empowering recruiters to delegate tasks that do not require their direct attention to Carv, the company takes a significant step towards integrating AI into the recruitment process. This not only provides immediate benefits but also paves the way for a fundamental reevaluation of the hiring process in the future.
Currently, Carv is capable of handling any administrative task that recruiters may encounter. By participating in meetings, understanding the context, and adopting the recruiter's preferred style and tone, Carv not only executes tasks faster but also maintains a higher standard of quality. Whether it's drafting job descriptions, taking interview notes, inputting data into ATS systems, or creating candidate profiles, Carv can accomplish these tasks in a matter of seconds instead of hours.
More Information : https://www.techdogs.com/tech-news/pr-newswire/amsterdam-based-carv-raises-10m-to-offload-admin-from-recruiters-and-realize-recruiter-ai-synergy
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bengross794 · 8 days
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83% Rank Innovation High, Only 3% Ready
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Companies are placing a higher emphasis on innovation than ever before, yet they are less equipped to achieve their goals. This year, a record 83% of senior executives consider innovation as one of the top three priorities for their organizations. However, a recent report from Boston Consulting Group (BCG) reveals that only 3% of companies in 2024 are considered "innovation ready," a significant decrease from 20% in 2022.
In its 18th annual innovation study titled "Innovation Systems Need a Reboot," BCG evaluated companies' innovation maturity on a 100-point scale and surveyed over 1,000 senior innovation executives globally.
Among the executives surveyed by BCG, less than half (48%) believed that their organization made some effort to align its business and innovation strategies, with only 12% reporting strong connections between the two that led to tangible results. Despite this, the level of innovation activity, measured by the number of ongoing projects, has remained consistent.
Justin Manly, a BCG managing director and partner, and coauthor of the report, expressed concern over the current state of affairs, describing organizations as "zombies" merely going through the motions of innovation without a clear direction. Manly emphasized the importance of strengthening the connection between innovation strategy and business strategy as the crucial starting point to regain momentum.
More Information : https://www.techdogs.com/tech-news/pr-newswire/83-of-companies-rank-innovation-as-a-top-three-priority-yet-just-3-are-ready-to-deliver-on-those-innovation-goals
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bengross794 · 13 days
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ImageSource's New Customer Success Video Featuring Alaska
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Version 1: ImageSource, the creator of ILINX, a highly adaptable process enhancement platform, is excited to share a new video highlighting the success of ILINX technology in the Alaska Pioneer Homes program.
The video, titled Process Innovation in Action: Alaska Pioneer Homes, features interviews with Heidi Hamilton, Division Director, and Harmonie Murphy, Program Coordinator. They discuss how the State of Alaska has utilized the ILINX platform to streamline the Pioneers Homes waiting list process, boost program efficiency, and enhance the delivery of services to older Alaskans.
Alaska Pioneer Homes has been offering housing, food, and care for elderly Alaskans since 1913. The ILINX eForm solution manages both Inactive Waitlist applications for future Pioneer Home reservations and Active Waitlist for immediate care for those over 60. This system allows the agency to efficiently communicate with applicants and facilitate smooth transitions.
Hamilton mentioned, "We've reduced our paperwork by 50%," highlighting how Alaskans can now complete the Pioneer Homes application process, including submitting required documents, entirely online.
More Information : https://www.techdogs.com/tech-news/pr-newswire/imagesource-unveils-new-customer-success-video-featuring-the-state-of-alaska
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bengross794 · 13 days
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Alchemy Pay Simplifies Crypto Buys on Linea
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Aperture Finance, a decentralized finance (DeFi) platform that pioneers AI-powered intents, has successfully completed its Series A funding round. This latest round of funding has brought the total funding across all rounds to $12 million, resulting in a valuation of the project at $250 million. The funding round was led by renowned venture capital firms including Skyland Ventures, Blockchain Founders Fund, and Krypital Group. Additionally, notable investors such as Alchemy, SNZ, Stratified Capital, Tide, Cipholio, ViaBTC, CatcherVC, and Double Peak also participated in the funding round. Previous rounds of funding have seen the involvement of ParaFi Capital, Arrington Capital, Divergence, Blockchain Founders Fund, Laser Digital (Nomura Group), Skyland Ventures, Costanoa, Rarestone, Krypital Group, Big Brain Holdings, LD Capital, ViaBTC, Cipholio, Double Peak, Athena Ventures, Coinseeker, Artemis Capital, and AWS.
Aperture Finance is revolutionizing DeFi operations through the use of Intents, an innovative approach that leverages artificial intelligence. Unlike traditional methods, Intents allow users to specify their desired outcomes, simplifying interactions with DeFi protocols and making them more accessible. By utilizing Uniswap V3, users can declare their end goals, such as liquidity rebalancing at specific price points, and transactions will only be executed when these conditions are met. The platform is already operational on 9 EVM-compatible chains, processing a transaction volume exceeding $2.7 billion. It boasts over 280,000 unique users and more than 15,000 daily active users.
Yonkuro, Head of Crypto at Skyland Ventures, expressed his thoughts on Aperture Finance's Intents architecture, stating, "Intents architecture bridges the gap between sophisticated financial strategies and everyday DeFi users. Aperture's ability to enable users to articulate their financial goals in natural language makes advanced DeFi tools accessible to a broader audience, ranging from retail investors to institutional players."
Aperture Finance's decentralized network of solvers calculates optimal transaction flows, which are then simulated and ranked by the platform's smart contract.
More Information : https://www.techdogs.com/tech-news/pr-newswire/alchemy-pay-introduces-easy-ramp-solution-to-linea-ecosystem-facilitating-crypto-purchases-on-the-linea-network
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bengross794 · 14 days
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Aperture Finance Secures $250M Series A Funding
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Aperture Finance is changing the game with their new Intents system, making DeFi operations easier to understand and use. Instead of the usual complicated methods, Intents lets users spell out exactly what they want, making DeFi protocols more user-friendly. This cool system works with Uniswap V3, allowing users to set specific goals like rebalancing liquidity at certain prices, and only carrying out transactions when those goals are met. The platform is already up and running on 9 EVM-compatible chains, handling over $2.7 billion in transactions with more than 280,000 users and 15,000 active users daily.
"Intents architecture is like a bridge between complex financial strategies and regular DeFi users," said Yonkuro, the Crypto Head at Skyland Ventures. "By letting users talk about their financial goals in plain language, Aperture is opening up advanced DeFi tools to a wider audience, from everyday investors to big players."
The platform's network of solvers works out the best transaction paths, which are then tested and ranked by Aperture's smart contracts. They started with a centralized solver, but now they're working with third-party solvers too.
More Information : https://www.techdogs.com/tech-news/pr-newswire/aperture-finance-secures-series-a-funding-at-a-250m-fully-diluted-valuation-to-build-intent-based-architecture-for-defi
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bengross794 · 14 days
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Adcendo Extends Series A Financing to €98M
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Adcendo ApS, a biotech company specializing in the advancement of revolutionary antibody-drug conjugates (ADCs) to address the urgent medical needs of cancer patients, is pleased to announce the successful conclusion of a second Series A extension financing, resulting in a total funding of 98M EUR. This additional 16M EUR financing was led by Dawn Biopharma, a platform overseen by KKR, and saw the participation of esteemed existing investors including Novo Holdings, Ysios Capital, RA Capital Management, HealthCap, Gilde Healthcare, and Pontifax Venture Capital. Notably, Iyona Rajkomar, Managing Partner at Dawn Biopharma, will be joining the Adcendo Board of Directors as part of this investment.
With this funding, Adcendo aims to further strengthen the development of its pioneering ADC pipeline assets and expand the strategic approach for its leading uPARAP program, which focuses on soft tissue sarcoma and other mesenchymal cancers. Moreover, the funds will be utilized to advance the development of additional discovery-stage, first-in-class ADC pipeline assets, ultimately progressing them towards Development Candidate Nomination and beyond.
More Information : https://www.techdogs.com/tech-news/pr-newswire/adcendo-aps-announces-extension-of-series-a-financing-to-eur-98m-to-further-bolster-its-first-in-class-adc-pipeline
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bengross794 · 15 days
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Braavo Capital Secures $5M Series B Funding
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Braavo Capital Inc., a leading financing partner for consumer subscription apps, announced today the successful completion of a $5 million Series B funding round. This capital injection, led by existing insiders and accompanied by a new $30 million debt fund, signifies a major milestone in Braavo's ongoing expansion.
Established in 2015, Braavo has become the global frontrunner in providing financing solutions for app founders who aim to scale their businesses without resorting to unnecessary equity raises. With over $1 billion in financing facilitated since its inception, the company's profitability in its core financing operations demonstrates its dedication to empowering the subscription app economy.
Mark Loranger, CEO & Co-Founder of Braavo, expressed, "This new equity round will drive Braavo Growth Ventures, an initiative focused on fostering innovation in the consumer subscription market. As we continue to grow our financing business, we are thrilled to leverage our years of experience and extensive market relationships in this new venture."
Operating as a separate division within Braavo Capital, Growth Ventures concentrates on strategic partnerships with app businesses to enhance subscriber growth through web monetization (commonly known as web2app). Loranger further explained, "The addition of web monetization capabilities, alongside in-app purchases, presents a significant opportunity for subscription app businesses. However, for many, this transition can be overwhelming and costly."
More Information :
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