Funding and Investment News

Funding and Investment News – including business funding, finance, private investments and related business news issued by the Send2Press Newswire service.


Cloudvirga Raises $50M to Deliver a Truly Digital Mortgage Experience

IRVINE, Calif., May 16, 2018 (SEND2PRESS NEWSWIRE) — Cloudvirga, a leading provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the intelligent Mortgage Platform, today announced the closing of a $50-million Series C funding round led by private-equity firm Riverwood Capital with ongoing participation from Upfront Ventures.

Jallo Oil Distributors’ President is Major Benefactor for Soon to Be Released Documentary on Christian Persecution

TAMPA, Fla., March 27, 2018 (SEND2PRESS NEWSWIRE) — Patrick Carberry, founder Joshuacord Inc., has teamed up with In Altum Productions, film director Jordan Allott, and Paul Jallo, president, Jallo Oil Distributors’ to produce a much-needed documentary that addresses the plight of Christian persecution in the Middle East and Africa. Joshuacord is a non-profit 501(c)(3) organization developed to help people persecuted for their Christian faith.

Virginia Startup CounterFlow AI closes $2.7M Seed Round

CHARLOTTESVILLE, Va., Feb. 27, 2018 (SEND2PRESS NEWSWIRE) — Cybersecurity startup CounterFlow AI announced last week that it has raised $2.7 million in seed funding from Osage University Partners, the Charlottesville Angel Network, and a number of individual investors who also supported the founders’ previous venture, nPulse Technologies (acquired by FireEye in 2014).

Neurotech Reports Announces 2018 Investment and Management Conference for Bioelectronic Medicine

NEW YORK, N.Y., Jan. 30, 2018 (SEND2PRESS NEWSWIRE) — Neurotech Reports, the publisher of Neurotech Business Report newsletter, today announced the launch of the Bioelectronic Medicine Forum, the first investment and management conference for the bioelectronic medicine industry. The inaugural event will take place on March 22, 2018 at the Millennium Broadway Times Square in New York, N.Y.

Paragon Insurance Holdings Announces Equity Investment from Edgewood Partners Insurance Center and Oak Hill Capital Partners

AVON, Conn., Jan. 29, 2018 (SEND2PRESS NEWSWIRE) — Paragon Insurance Holdings, LLC (“Paragon”), a national multi-line specialty MGA, announced today that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have taken an equity stake in the company. The investment from EPIC and Oak Hill will further propel Paragon’s organic and M&A growth strategies and create greater opportunity for Paragon’s agency, carrier and reinsurance trading partners.

In This Season of Thanksgiving Dunlap Gift of $350,000 Benefits Guardian Angels Medical Service Dogs

WILLISTON, Fla., Dec. 13, 2017 (SEND2PRESS NEWSWIRE) — Guardian Angels Medical Service Dogs, Inc. a national 501(c)(3) non-profit, located in Williston, Fla., and the Community Foundation for Ocala Marion County are proud to announce, and extend our heartfelt thanks and appreciation to Al and Judith Dunlap for their incredibly generous gift of $350,000 to support the work of training medical service dogs for Veterans and First Responders.

Maxwell Closes New $3M Funding Round to Accelerate Pace of Mortgage Innovation

DENVER, Colo., Dec. 6, 2017 (SEND2PRESS NEWSWIRE) — Maxwell Financial Labs, Inc., a leading provider of B2B digital mortgage cloud software, announced today a new funding round of $3 million, led by the investment arm of Anthemis Group, a company committed to cultivating change in financial services, with participation from Route66 Ventures and Assurant Inc., along with its existing investors.

Matic Insurance Services Raises $7 Million in Series A Round Backed by Top Lender, Insurance Carriers and VC Firms

SHERMAN OAKS, Calif., Nov. 7, 2017 (SEND2PRESS NEWSWIRE) — Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round. Investors participating in the round include Mr. Cooper, one of the nation’s top 20 mortgage originators and the fourth-largest home loan servicer in the country.

New Talking Lexa Bear Turns Your Digital Assistant Into Your Forever Friend

AUSTIN, Texas, Oct. 11, 2017 (SEND2PRESS NEWSWIRE) — Wetwire Robotics today announced they are launching the first in a new line of smart toys geared towards digital assistants like Amazon’s Alexa devices. The first model is called Lexa Bear and is a talking teddy bear that is designed to hold an Echo Dot or connect with any Bluetooth device like a mobile phone or tablet. Wetwire Robotics has designed the bear to synchronize its mouth movements in real time to the human voice. It is not limited to pre-recorded audio and can speak with about any audio it’s connected to.

Lender Price Names Jerry L. Halbrook as CEO and Opens New $5-$10 Million Investment Round

PASADENA, Calif., Sept. 25, 2017 (SEND2PRESS NEWSWIRE) — Lender Price, the emerging leader in digital mortgage lending technology, announced today that it has named veteran mortgage industry executive Jerry Halbrook as its CEO and has opened a fresh round of equity funding to fuel its growth trajectory.

Sparkle Coin, Inc. Announces Initial Coin Offering at TechCrunch Disrupt SF

SAN FRANCISCO, Calif., Sept. 20, 2017 (SEND2PRESS NEWSWIRE) — Sparkle Coin, Inc., designed to be the most transactable cryptocurrency available, is launching its initial coin offering (ICO) at 1 p.m. PDT September 20 and running through October 20, 2017 with coins beginning at $5. A LIVE STREAMING event will start at 12 p.m. PDT at TechCrunch SF.

Media Advisory – TechCrunch Disrupt SF 2017: CEO of Sparkle Coin, Inc. Shows New eCommerce-optimized Cryptocurrency

SAN FRANCISCO, Calif., Sept. 14, 2017 (SEND2PRESS NEWSWIRE) — Sparkle Coin, Inc., founders of Sparkle Coin, a new cryptocurrency that allows users to make purchases from popular online retailers – like Amazon and Walmart – and features a currency exchange for liquidity, will be hosting a “lunch and launch” event during TechCrunch Disrupt SF 2017.

Taylor Wilshire launches Wilshire Foundation Fund for Beneficial Social Impact

NEW YORK, N.Y., Sept. 12, 2017 (SEND2PRESS NEWSWIRE) — The Wilshire Foundation recently announced the close of first-round funding for its Conscious Capital Fund. The Wilshire Foundation, created by the team at Wilshire Financial including CEO Taylor Wilshire, constructs programs and invests in organizations that address chronic environmental, social, and economic challenges in unique and transformative ways.

Sparkle Coin, Inc. Launches Next Generation Cryptocurrency with Maximum Transactability

CHICAGO, Ill., Sept. 6, 2017 (SEND2PRESS NEWSWIRE) — Sparkle Coin, Inc. today introduced its eponymous cryptocurrency, the first of its kind backed by diamonds, as the initial step toward the company’s goal of creating more efficient global economic growth to promote societal advancement by developing a platform that brings cryptocurrencies into the mainstream business and consumer markets. Sparkle Coin is a hybrid cryptocurrency possessing the best qualities of both PoW (Proof of Work) and PoS (Proof of Stake).

STiKidotz Customizable 3D Pixel Art Stickers Fuel Imagination and Learning Too

ATLANTA, Ga., Aug. 28, 2017 (SEND2PRESS NEWSWIRE) — The Dotz Company, LLC, an established games and toy business, is excited to announce a new product that’s fun for all ages – STiKidotz(TM). It’s sure the concept will take off, that’s why it’s launched a Kickstarter campaign to help get it off the ground.

Oak Hill Capital Partners to Invest in EPIC Insurance Brokers and Consultants to Support EPIC’s Further Growth & Expansion

SAN FRANCISCO, Calif., July 27, 2017 (SEND2PRESS NEWSWIRE) — EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage, and employee benefits consultant, announced today that private equity firm Oak Hill Capital Partners (Oak Hill) has agreed to acquire all of The Carlyle Group’s stake, giving Oak Hill a controlling equity position in EPIC. Oak Hill’s investment will enable EPIC to continue its aggressive organic growth strategy.

New Cannabis Compliance Company Launches Public Funding Effort with GrowthFountain

HORSESHOE LAKE, Ark., June 12, 2017 (SEND2PRESS NEWSWIRE) — The Herbal Compliance Co. announces the launch of its compliance consulting services for legal medical cannabis and hemp businesses. This unique company will also be partnering with GrowthFountain to raise $1 million in funds through a unique form of investor funding called Regulation Crowdfunding.

Verify Smart Corp Signs Letter of Intent to Acquire Equity Stake and Exclusive International Reseller Rights in Med-Con Technologies, LLC

FERNLEY, Nev., June 8, 2017 (SEND2PRESS NEWSWIRE) — Verify Smart Corporation (OTC:VSMR / OTCMKTS:VSMR) a Global innovator in financial fraud prevention and digital distribution solutions announced today that it has signed a Letter of Intent to acquire an equity stake and exclusive international reseller rights in Med-Con Technologies, LLC for cash and stock.

Pompano Beach CRA and Urban Land Institute Symposium to Reveal Half Billion Investment Opportunity

POMPANO BEACH, Fla., June 7, 2017 (SEND2PRESS NEWSWIRE) — The Pompano Beach CRA has partnered with the Urban Land Institute to host a unique symposium outlining the $500 million investment opportunity available for developers in the Pompano Beach Innovation District. Nationally recognized redevelopment experts and invested developers will provide comprehensive details about the last 24 acres of undeveloped parcels in Broward County with prime visibility from I-95.

WorldAPP Secures Financing Round to Fuel Growth

BRAINTREE, Mass., May 23, 2017 (SEND2PRESS NEWSWIRE) — WorldAPP, a leading provider of mobile data collection and process optimization software today announced that it has completed financing round with Providence-based Bay Capital Investment Partners. The transaction amount was not disclosed.

DIB Funding, Inc. Announces a Billion Dollar Liquidity Partnership with Digitas Bank to Launch Worldwide Distribution of ‘DIBCOIN’

HOLLYWOOD, Fla., April 17, 2017 (SEND2PRESS NEWSWIRE) — Today DIB Funding, Inc., the creators of the digital currency known as DIBCOIN, is proud to announce a billion-dollar liquidity partnership with Digitas Bank. This partnership will immediately give present and future DIBCOIN holders the ability to deposit and withdraw DIBCOIN and FIAT currency in a single transaction and with complete financial privacy.

Sunshine Capital Inc. Announces That The Company’s Use of ‘DIBCOIN’ Was Described as ‘Genius’ in a Forbes Article

HOLLYWOOD, Fla., April 7, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (OTC-Pink:SCNP / OTC:SCNP) today announced that the Company’s business plan, e.g. using DIBCOIN to purchase assets, has been described as “Genius” by Forbes.com contributor Peter J. Reilly.

Sunshine Capital, Inc. Uses DIBCOIN to retire all Corporate Debt at a Rate of $1 Per Coin

HOLLYWOOD, Fla., March 31, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (OTC-Pink:SCNP / OTC:SCNP) today announced that all corporate debts of the Company have been paid using DIBCOIN at a rate of $1 per DIBCOIN. The debts include the remaining convertible debt notes and management salaries for the next 12 months. Using DIBCOIN as a form of payment protects our shareholders’ ownership in the company from being diluted.

Sunshine Capital, Inc. Announces That DIBCOIN Has Been Approved to Trade on the Livecoin Exchange

HOLLYWOOD, Fla., March 27, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (Pink Sheets: SCNP / OTC:SCNP) today announces that DIBCOIN, has been approved for trading on the Livecoin platform. DIBCOIN will commence trading on April 3, 2017 at 9:30 a.m. (EST/EDT).

Mortgage Automation Pioneer cloudvirga Raises $15 Million in Series B Funding

IRVINE, Calif., March 27, 2017 (SEND2PRESS NEWSWIRE) — Cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), announced today it has raised $15 million in a series B funding round led by Incenter, a Blackstone Group portfolio company. The new funding will support cloudvirga as it scales its technology and expands its product offerings.

LevelFunded Health Selected For Plug and Play Insurtech Program

BOCA RATON, Fla., March 8, 2017 (SEND2PRESS NEWSWIRE) — LevelFunded Health is excited to announce that it was recently selected as one of the new top innovative insurance businesses by one of Silicon Valley’s most active venture group, Plug and Play. The 12-week program connects promising start-ups, early and growth stage companies, to some of the world’s largest insurance corporations.

Sunshine Capital, Inc. Announces the Cancellation of 77-percent or 56,303,003 Shares of its Common Stock

HOLLYWOOD, Fla., Feb. 21, 2017 (SEND2PRESS NEWSWIRE) — Sunshine Capital, Inc. (Pink Sheets: SCNP) Today announced major changes to the Company corporate share structure. These changes include: The cancellation of 77% or 56,303,003 common shares of the Company, reducing the total issued and outstanding share count of Sunshine Capital, Inc. to only 16,997,000 shares of common stock.

FENDER FRIEND LLC Offers Autonomous App to Licensors and Automotive OEMs

NEW YORK, N.Y., Jan. 30, 2017 (SEND2PRESS NEWSWIRE) — New York-based FENDER FRIEND LLC is pleased to offer the autonomous app Fender Friend(TM) for licensing, effective Feb. 1, 2017. The Fender Friend seeks to provide older model vehicles with capabilities such as automatic braking and parking assistance, as just two examples of amenities currently standard in newer automobiles.

Bank of Southern California Completes $7 Million Capital Offering and Announces New Board of Directors

SAN DIEGO, Calif., Jan. 4, 2017 (SEND2PRESS NEWSWIRE) — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California.

Maxwell Financial Labs Announces $1.95M in Funding to Reinvent Mortgage Experience

DENVER, Colo., Dec. 14, 2016 (SEND2PRESS NEWSWIRE) — Maxwell Financial Labs, Inc. announced today it had secured $1.95M in funding, with anchor investors MATH Venture Partners, Techstars Ventures, Zelkova Ventures and Sovereign’s Capital. The funding follows on the heels of Maxwell’s commercial launch on August 16.