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Ukrainian-American Organization Demands Immediate FCC Investigation into SpaceX; Citing Musk’s Meddling in Ukraine, Erratic Behavior, and Illegal Drug Use

Ukrainian Congress Committee of America

The Ukrainian Congress Committee of America, Inc. (UCCA) has filed in opposition to the allocation of additional spectrum to SpaceX, and called for an immediate investigation into the behavior of the company’s largest shareholder Elon Musk in the Federal Communications Commission (FCC) rulemaking to open the 1.6/2.4 GHz band to new entrants. The non-profit, non-partisan organization called on the FCC to determine if it should place restrictions on Elon Musk’s control, management, or involvement in Starlink, or revoke the company’s license entirely, following erratic behavior and chronic use of illegal drugs that place Musk’s qualifications to operate FCC licensed facilities into question. “At the heart of the matter is the Commission’s responsibility to ensure that any company which is granted the privilege of operating on public airwaves meets certain qualifications and serves the public interest,” said Arthur Belendiuk, UCCA’s lead regulatory attorney. “Musk has used the company’s FCC licenses to support the military of a foreign power that is actively engaged in an illegal war and who has committed countless war crimes. Offering military aid to Russia is just the tip of the iceberg in a pattern of repeated abuse of the Starlink system—behavior which demands an immediate FCC investigation.” As an FCC licensee, SpaceX has the basic statutory duty to conduct its operations in the public interest. As UCCA’s filing outlines, numerous examples show that the company has not met that standard. In Musk’s role as chief apologist for indicted war criminal Vladimir Putin, he has used the Starlink network to illegally meddle in U.S. Foreign Policy: According to reports, Elon Musk refused a Ukrainian Armed Forces request to activate his Starlink satellite network in Crimea's port city of Sevastopol to aid an attack on Russia's fleet (page 3). Disabling the Starlink service and allowing Ukrainian civilians to be murdered by Russian missiles is unconscionable. However, Musk was not done. Despite warnings from U.S. Senators to stop interfering on the side of Russia, Musk has now made the Starlink system available to the Russian military (page 4). This begs the question, why does Musk believe that he has the authority to engage in U.S. foreign policy? Not only is Musk making decisions concerning Russia’s illegal invasion of Ukraine, but he is also engaging with China, often in ways that violate U.S. foreign policy. For example, Musk was recently accused of withholding internet service in Taiwan (page 6). Musk’s chronic use of illegal drugs also places his qualifications as an FCC licensee in jeopardy. Illegal drug use by FCC licensees, “either on or off-station premises,” is historically a matter of grave concern to the Commission. In prior proceedings, if the FCC found that a licensee “continued to deliberately flout Commission rules or was irremediably incompetent,” the regulator has acted to revoke licenses. The filing outlines reports of Musk’s use of mind-altering LSD, cocaine, ecstasy, ketamine, and psychedelic mushrooms. The group goes on to say, “[w]hen the controlling shareholder is acting erratically, believes he has the authority to set U.S. foreign policy and admits to taking drugs including taking drugs with board members and officers, it is reasonable to conclude that Musk and his management team lack the basic competence to remain FCC licensees.” UCCA’s landmark filing seeks to hold licensees like SpaceX accountable by calling for an immediate FCC investigation into multiple accusations of disqualifying conduct. Until an investigation can be completed, UCCA calls on the FCC to stop processing all Starlink applications and require Musk to step down from any management, control, or decision-making authority concerning the Starlink system. “Why is Musk shilling for Russia? More importantly, why is critical communications and defense infrastructure in the hands of a drug addled conspiracy theorist who thinks he has the power to dictate U.S. foreign policy,” UCCA’s filing concludes. A copy of UCCA’s comment is available here. The Ukrainian Congress Committee of America, Inc., is an umbrella organization that unites nearly 30 Ukrainian-American organizations and represents the interests of approximately two million Americans of Ukrainian descent. UCCA is a non-profit, nonpartisan community-based organization with local all-volunteer chapters across the United States. Contact Details Raynor Ave. Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://ucca.org/

April 24, 2024 08:30 AM Eastern Daylight Time

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ToolsGroup Launches PromoAI, Revolutionary New Retail Promotions Optimization Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of their PromoAI Solution, a new promotions optimization solution in the greater JustEnough retail planning and execution suite. This solution allows retailers to maximize the sales lift created by promotions while minimizing margin sacrificed to do so. The PromoAI tool is built on ToolsGroup’s patented and award-winning pricing algorithm, and introduces additional features and planning workflows to build scenarios to optimize every aspect of promotions. With the PromoAI solution, retailers can instantly simulate the impact of multiple promotional strategies at once to choose the best outcome for their business priorities. This new solution empowers retailers to ensure that every promotion delivers on promised returns—something critical to profitability, especially with working capital invested in inventory at a premium. “Promotions are often frustratingly inconsistent, sometimes delivering the expected sales, but other times eroding margin without sufficient returns. Being able to use PromoAI to optimize the critical elements of promotions, from the timing to the discounts will make a huge difference to our bottom line,” said Elisabetta Urbani, Merchandising Manager at Conbipel, an early adopter of the PromoAI solution. Core Benefits of PromoAI: 360-degree promotional optimization An end to the deadly cycle of ever-increasing promotions Streamlined processes and less manual labor Growth in brand value Delight customers and drive loyalty “With PromoAI, retailers no longer have to worry about their promotions strategy being a net negative on GMROI. With this prescriptive AI solution, it’s easy to tailor promotions to appeal to the unique customer base of each channel and ultimately maximize profits,” said Pierre Custeau, Chief Product and Technology Officer at ToolsGroup. ToolsGroup PromoAI Solution is an integral part of JustEnough solution that has long delivered unparalleled value and results to retailers around the world. With over 400 customers optimizing inventory with its solutions, ToolsGroup enables intelligent real-time decision-making that transforms retail planning and execution. Current pricing customers report a 6% average growth in revenue and 15% growth in volume. We’re excited to talk to you about our new PromoAI solution. If you’re in London this week at the Retail Technology Show, come talk to us about it at ToolsGroup’s Booth: 6B68. Interested in how ToolsGroup can help you maximize your GMROI through more profitable promotions? Read more HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of fast, intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

April 24, 2024 07:00 AM Eastern Daylight Time

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Analyst Gives Insights on Fantom and Injective, 5 Reasons Why KANG Is at the Top

Kangamoon

Top market analyst Crypto Tony gave a sensational insight into the direction of Fantom (FTM) and Injective (INJ), exploring their potential to turn green soon. In this article, we analyzed Tony's exciting insight, drawing investors to the potential of these tokens. In the meantime, KangaMoon (KANG) has emerged as one of the top meme coins to invest in amidst the changing market dynamics. More details below. Crypto Tony Believes $19 Is a Good Entry Point For Injective For investors who may be looking for Injective to dip further before jumping in, popular crypto analyst Crypto Tony believes the token good entry point could be anywhere above the $19 mark. Tony remarked on his X post, detailing the key insights that can trigger Injective momentum. Tony noticed that the Injective token has built a base above the $19 threshold, which means the token is unlikely to dip further than that before it starts to pick up again. He advised holders not to rush to change their position and believed that the token could challenge the $30 threshold before the end of the month. Analyst Pegs Fantom (FTM) Entry Barrier at $0.65 Earlier in the month, Crypto Tony also provided a powerful insight for investors looking at Fantom token (FTM). Although the token price has dropped by 20% in the past week to stand at $0.7, Tony believes the token could dip further, providing an opportunity for investors to come in. However, Tony advised investors to be careful as a good entry point for Fantom is $0.65. He believed that the token can't get lower than this before it shoots up again in the bull market, where it is expected to rise to $5. Investors Accumulate KangaMoon (KANG), Analysts Provide Reasons While Crypto Tony has provided insightful analysis on the Fantom and Injective momentum, KangaMoon is enjoying massive attention in the meme coin market. The project has already raised over $5M in presale, registered more than 20k participants, and currently has more than 6k holders, justifying its wide acceptance across the meme coin market. Analysts observed KangaMoon's trajectory and concluded that investors are purchasing the token for 5 reasons. One is KangaMoon utility which incorporates GameFI and SocialFi functionalities. Two, the KangaMoon rewards system where gamers earn through intense competition also gives spectators a way to earn through betting and predictions. KangaMoon ROI is the third reason investors are accumulating the token. The KANG token has returned a 290% ROI for early adopters, with the price value moving from $0.005 to $0.0196. Investors are also moved by KangaMoon's potential, with its ability to become one of the best new meme coins to tap into the $200B NFT market, which looks promising. Lastly, investors' interest in KangaMoon also stemmed from its expected price jump soon. The token will be on major exchanges in the second quarter of 2024 and analysts project that the price may skyrocket to $0.5 by then. For these reasons, analysts also project KangaMoon to raise $7M in presale before its listing, making it one of the top meme coins to invest in now. Discover the exciting opportunities of the KangaMoon (KANG) presale today! Website: https://kangaMoon.com/ Join our KangaMoon community: https://t.me/kangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 24, 2024 04:23 AM Central Daylight Time

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Meme Coin Madness! New Tokens BOME, Dogwifhat, and Raboo Attract Millions in Investment

Total Media

In any bull run, the meme coin sector is filled with hot new crypto coins, such as BOME and Dogwifhat, that take gem hunters from rags to riches overnight. In the context of this dynamic market, a new contender makes its appearance on the scene. Enter Raboo. This AI meme coin, priced at only $0.0036, is poised to take the market by storm with its impressive presale performance and predictions of a possible 100x surge on launch day. Read on to find out what the future of this bull run holds for Raboo, BOME, and Dogwifhat. BOME: The hot new crypto that took the market by storm Bome is an experimental project that aims to redefine the meme coin culture through a combination of meme galore, decentralized storage solutions, and degen altcoin trading. As an epitome for meme coins, Bome strives to give a new dimension to decentralized social media, making memes an unstoppable force. Bome’s ambitious plans and strong community support are reflected in its financial performance, as the hot new crypto grew by more than 1545% over the last month. Its impressive trajectory is a prime example of the potential of the meme coin sector during a bull run and the massive impact a strong community has in the Web 3 world. When it comes to Bome’s future, most voices predict a new ATH for the coin soon after the much-anticipated halving happening later this month. Dogwifhat: The 3rd biggest meme coin by market cap Dogwifhat is a Solana-based meme coin launched at the end of 2023 that became a symbol of the potential of the meme coin culture. Dogwifhat’s positioning is simple and playful, with the quote “literally just a dog wif a hat” staying proudly at the top of their website. Although Dogwifhat doesn’t provide any impressive utility, its light-hearted nature attracted a huge following that helped the project amass a market cap of over $3.5 billion. From a performance perspective, Dogwifhat is nothing short of amazing, as its native token surged by more than 1535% in value over the last two months. These amazing returns for the initial investors are a prime signal of what other high-potential projects like Dogwifhat can expect during the rest of this bull run. Raboo: The hot new crypto to disrupt the meme coin sector Raboo is a new AI meme coin that blends SocialFi mechanics and cutting-edge AI technology to create one of the most vibrant ecosystems in Web 3. Armed with unique features, like its post-to-earn mechanic that enables token holders to monetize their social media content, this hot new crypto presale is making headlines all around the industry. With a current price of just $0.0036 and an expected growth of 233% during its presale, Raboo is a golden opportunity for any gem hunter looking to maximize his returns during this bull run. The next 100x meme coin? As the meme coin sector keeps surging, Raboo is garnering increasingly more attention and is becoming one of the hottest crypto presales on the market. This once-in-a-bull-run opportunity, characterized by its remarkable community and impressive performance, should not be overlooked. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 23, 2024 05:18 PM Eastern Daylight Time

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Majestic EA Debuts Revolutionary Forex Trading Automation on MetaTrader 5

Rev Up Marketers

In an exciting development for forex traders and financial technology enthusiasts, Avenix Fzco has officially launched Majestic EA, its state-of-the-art Expert Advisor for the MetaTrader 5 platform. This innovative trading software is designed to revolutionize the way traders engage with forex markets, offering an advanced grid trading strategy combined with superior automation capabilities. Majestic EA's introduction into the market comes at a time when traders are increasingly seeking automated solutions that can offer precision, reliability, and ease of use. The software’s grid trading approach allows for the execution of multiple trading positions at varying price levels, providing significant opportunities for profit while managing potential risks. This method proves especially effective in capturing gains in a fluctuating forex environment. Majestic EA, an advanced forex robot for MetaTrader 5, features several key functionalities to enhance forex trading. It operates 24/7, ensuring that no profitable trading opportunities are missed due to downtime. Additionally, it offers customizable strategies, allowing traders to adjust trading parameters and risk levels according to their individual preferences and goals. The system also performs real-time market analysis, automatically adapting its strategies to optimize trading effectiveness in response to market conditions. The launch is accompanied by a promotional offer, slashing the price of Majestic EA from $8,000 to $4,000. This initiative is aimed at making advanced trading technology accessible to a broader audience, from novice traders to seasoned professionals. More details can be found here. Majestic EA is more than just a tool; it represents a pivotal shift in automated forex trading. By handling complex trading strategies and decision-making processes, Majestic EA allows traders to focus on refining their strategies and scaling their trading operations. About Avenix Fzco Avenix Fzco is a leader in developing forex trading solutions that combine innovation with user-friendly interfaces. The company is dedicated to providing tools that traders of all levels can use to increase their trading accuracy and efficiency. For more information about Majestic EA, visit majesticea.com. Contact Details Avenix Fzco Robert Swanton support@majesticea.com Company Website https://majesticea.com/

April 23, 2024 12:40 PM Eastern Daylight Time

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AI Doctor Emerges on Bitget: Transforming Healthcare and Crypto With $UNICE

Rev Up Marketers

$UNICE is a new AI healthcare token that maintains strong trading volume and liquidity, is currently active on MexC and CoinW, and has confirmed its listing on Bitget. Offering innovative features and benefits for token holders, $UNICE provides the potential for revenue generation and rewards. Another bullish season is upon the crypto market, and while several cryptocurrencies are rising to higher levels, investors remain on the search for new and profitable tokens to diversify with. Aside from Bitcoin’s price achievement of surpassing its ATH, a new AI token, Unice ($UNICE) is also positioned for a massive rally of turning many investors into millionaires in this year’s bull run. UNICE Service Overview: UNICE is an AI-based blockchain healthcare messenger service created by doctors, aimed at developing an AI doctor capable of diagnosing diseases, prescribing medications, and performing surgeries. This project has been selected as an ecosystem project by a leading global Web3 venture capital firm and has garnered worldwide attention. UNICE analyzes users' conversational and voice data to assess their physical and mental health. Based on these assessments, UNICE provides personalized health management solutions, monitors users' mental health through regular conversations, and offers pathways to professional assistance when needed. Additionally, it ensures the secure protection of users' health data and tokenizes this data, allowing users to manage and monetize their information. The UNICE project was initiated by a network with over 20 years of medical volunteer experience, founded by professional doctors and medical school faculty members. The management team consists of many professional doctors and medical professors, which enhances the service's reliability and provides users with more accurate and trustworthy health management services. The data generated within UNICE, especially information about patients or potential research subjects, holds tremendous value as it can generate substantial revenue for medical-related companies. This unique capability represents a significant competitive advantage of the UNICE service. Clear Revenue Model: Various Revenue Generation Methods: In addition to the free services provided to users, UNICE generates revenue by offering various paid services such as premium features, personalized health care solutions, and data analysis services. Additionally, UNICE can obtain further revenue through data sharing and collaboration with medical institutions and research institutes. UNICE Tokenomics The UNICE platform establishes a token economy system focused on medical data, generating and distributing real economic value throughout the data lifecycle, from collection to usage. Users provide medical data, which is then classified, converted into NFTs, and sold to entities like hospitals and research institutes. Contributors receive tokens as rewards, with profits transparently distributed among participants via blockchain technology. Purchasers utilize the data for medical advancements, while users can use tokens for services within the platform. UNICE's token distribution strategy ensures long-term engagement and stable token value, promoting a balanced ecosystem between demand and supply. $UNICE maintains a stable trading rate while waiting to launch on Bitget In the highly competitive landscape of centralized exchanges, securing a listing on platforms like Bitget has become increasingly challenging due to stringent criteria and rigorous standards. Only projects that demonstrate reliability, quality, and potential for long-term growth can pass these stringent assessments. Regarding price stability, UNICE has maintained a stable condition without significant fluctuations, indicating potential growth and attractiveness to holders. Bitget is celebrating the listing of UNICE by hosting exciting trading events and attractive reward events for early adopters to attract a diverse range of users. The launch celebration includes a total prize pool of $120,000, with UNICE tokens for the first trades on Bitget and a commemorative airdrop included. The promotion starts at 12:00 UTC on April 22, 2024, and UNICE is set to debut on Bitget at 12:00 UTC on April 23, 2024, marking the beginning of a new era of innovation, accessibility, and profitability in the healthcare and cryptocurrency industries. UNICE is expected to revolutionize the approach to healthcare and blockchain technology globally through each transaction. https://www.bitget.com/support/articles/12560603808546 Contact Details unice lab Jaden Jeon contact@unicelab.io Company Website https://unicelab.io

April 23, 2024 12:30 PM Eastern Daylight Time

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Wishpond sees record annual revenue in 2023, increasing 13% over 2022

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to present the company’s financial achievements for the fiscal year ended December 31st, 2023. The company reported record annual revenue of $23.1 million for fiscal year 2023, marking a 13% increase compared to fiscal year 2022. In Q4-2023, Wishpond achieved revenue of $6.1 million, representing an annualized revenue run-rate of over $24 million. This growth was primarily driven by sales of the company's next-generation marketing platform, Propel IQ. Additionally, Wishpond achieved Adjusted EBITDA of $0.8 million in fiscal year 2023, marking the sixth consecutive quarter of positive Adjusted EBITDA. The company expects to further accelerate its growth in 2024, driven by increased Propel IQ sales and the launch of SalesCloser AI, a virtual AI sales agent capable of conducting sales calls and demos in multiple languages with minimal human intervention. Looking ahead, Wishpond anticipates an improvement in its cash position in 2024 as revenue continues to grow and the company has fulfilled all earn-outs related to prior acquisitions. The company expresses confidence in its ability to fund future growth through cash flow from operations and its $6 million credit facility, with additional financing only necessary for executing acquisition opportunities. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

April 23, 2024 09:45 AM Eastern Daylight Time

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Ethernity Networks achieves strong growth and strategic advancements in 2023

Ethernity Networks Ltd

Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) CEO David Levi provided an overview of the company's 2023 performance, highlighting significant growth despite economic challenges. In an interview with Proactive's Stephen Gunnion, Levi noted the company achieved a 29% increase in revenue, totalling $3.8 million, and a 46% increase in gross profit, reaching $2.3 million. These improvements were bolstered by exceptional cash collections amounting to $4.09 million. The company also reduced its annual loss to $3.9 million, with the EBITDA loss in the second half of the year decreasing by 47% to $800,000. Levi emphasised the company's strategic advancements, including optimised R&D efforts and the accelerated development of its Universal Edge platform. This initiative aims to expand the market reach by providing complete system solutions to original equipment manufacturers (OEMs), transitioning from offering FPGA SoC components to comprehensive system products. This shift has reduced product deployment time from over 18 months to as little as six months, potentially leading to faster revenue generation and growth. Regarding customer engagement, Levi noted the continuation of support for existing customers and the delivery of a $440,000 contract with a tier-one aerospace and military vendor. The company is actively developing a second-generation product and expects further orders in the coming months. Ethernity Networks is also engaging with new and legacy customers across various sectors, including fixed wireless broadband, aerospace, and military industries, and is involved in discussions with potential new clients in these fields. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 23, 2024 09:14 AM Eastern Daylight Time

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14Peaks closes inaugural $30M fund to power software startups in fintech and future of work space

14Peaks Capital

Venture capital firm 14Peaks Capital has successfully closed its first fund at $30 million in capital commitments from an impressive consortium of limited partners (LPs), consisting of influential High Net Worth Individuals (HNIWs) and family offices spanning Europe and the United States. Established in 2022 by Edoardo Ermotti, the fund’s solo General Partner (GP), 14Peaks invests at the earliest stages (from pre-seed to series A) in B2B SaaS companies, with a specific interest in Fintech and the Future of Work. The team is already investing out of its first fund and has 11 companies in its portfolio to date. These include US-based HR/Payment platform Rain (who last year raised $66M in a Series A round), finance and accounting platform FlowFi (who recently announced its $9 million seed round) and Switzerland-based data collaboration company Tune Insight among others. At a time when AI continues to drive rapid change in the B2B landscape, sparking first-mover competition between established and new founders to bring the power of this new technology to business operations, 14Peaks is laser-focused on investing in proprietary technology that has the potential to build strong defensible moats. Against this backdrop, 14Peaks’ focus across Fintech and the Future of Work is expansive, ranging from data collaboration and workflow automation, to payment software and fraud detection. Most venture funds set out to raise capital from as many LPs as possible. When fundraising, Edoardo Ermotti took a unique approach. Before founding 14Peaks, he began investing as a business angel in 2019. To date, he has supported over 25 companies and has selectively invested in funds as a limited partner. Concurrently, he gained experience at a mid-market private equity firm in London. Subsequently, he transitioned to a family office, initially based in Switzerland and later in the US, where he spearheaded the development and leadership of the early-stage investment division. Over the years, he regularly co-invested alongside HNWIs and Family Offices who all shared the same view: they were progressively less interested in allocating their capital to funds with hundreds of Limited Partners (LPs). Funds with larger LP bases tend to have limited transparency into fund activities, fewer co-investment rights, and a generally passive approach to their relationship with the smaller LPs. Edoardo Ermotti wanted to create a closer, stronger relationship between GPs, LPs, and founders by raising from an intimate circle of highly-vetted, seasoned executives and entrepreneurs who could take a more active role in supporting portfolio founders, exchanging ideas, and co-investing with people they trust. “When I started 14Peaks Capital, I wanted to shake things up in how GPs and LPs work together. I've been on the LP side before, spoke to many GPs, and knew there was room for a different approach,” said Edoardo Ermotti, founder of 14Peaks Capital. “Each of the investors supporting 14Peaks is globally successful in their own right, giving our portfolio founders access, through us, to this curated hub of extensive experience and networks.” In addition to access to its all-star assembly of LPs, 14Peaks works closely with its portfolio companies to accelerate traction through targeted go-to-market strategies, recruitment, and general company building efforts With a base in Europe and a vast network in the US, the fund also helps companies expand beyond their domestic markets – whether venturing overseas from the EU to US or across Europe. “14Peaks has been an incredibly supportive investor. Ever since we met them, the team has rolled up their sleeves and been very hands-on and proactive in transforming us into an organisation that can truly scale in an emerging market,” said Han Sahin, the co-founder of a Netherlands-based cybersecurity company, Threatfabric, that 14Peaks invested in last year. The goal with portfolio support, similar to Edoardo Ermotti’s approach to fundraising, is close collaboration: the fund only invests in companies where there is a clear pathway for their engagement to generate additional value. This, Edoardo Ermotti says, is the best way to align interests with founders and together build next-generation companies. “We’re looking forward to diving back in and supporting our founders as they chase their visions. In the past year, we've already seen positive changes in our portfolio companies, and we're confident we can do even more as we expand our platform. Our hands-on approach and the power of our extensive network, fuelled by our tight GP-LP interactions, make us believe we'll keep making a real impact for our founders in the years to come," adds Edoardo Ermotti. 14Peaks’ portfolio founders are so far seeing the results of this new paradigm of GP and LP interactions and the network effects of this close circle. Alex Bradford, the founder of Rain, a HR platform 14Peaks invested last year, said: “14Peaks has been a fantastic partner and instrumental to our growth, plugging us into highly-valuable investor networks and boosting our go-to-market by sitting down and helping us craft business development strategies.” 14Peaks Capital AG has a team in Switzerland. Plans are underway for team expansion in the United States later this year, with strategic hires focused on enhancing market coverage. The collective team brings forth deep experience in investing and supporting founders across various stages and verticals in Europe and the US, with a primary emphasis on B2B SaaS and Fintech. Looking ahead, 14Peaks aims to expand its portfolio to a total of 25 companies out of its first fund over the coming years. In the meantime, Edoardo Ermotti and the team’s top priority is maintaining a concentrated focus on demonstrating the efficacy of their unique model, not only to their LPs, but, crucially, to their founders. About 14Peaks Capital Founded in 2022, 14Peaks Capital is an early-stage venture fund headed by solo General Partner, Edoardo Ermotti. Out of its inaugural $30 million fund, 14Peaks invests in B2B SaaS companies who are building primarily within the Fintech and Future of Work verticals. Backed by an all-star assembly of High Net Worth Individuals and Family Offices across Europe and the US, 14Peaks offers extensive operational expertise to support the funds’ portfolio companies from seed to exit to build generation-defining companies. Learn more here: https://www.14peaks.capital/ Contact Details 14Peaks Capital Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.14peaks.capital/

April 23, 2024 08:00 AM Eastern Daylight Time

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