NEW YORK, NY – On March 15, 2023, Palladium Capital Group, LLC, acted as sole placement agent for Cryptyde, Inc. for the issuance and sale of a Senior Secured Convertible Note with an initial principal amount of $5,555,000. The purchase price of the Note and the Warrant is $5 million.
NEW YORK, NY – On February 5, 2023, Palladium Capital Group, LLC, acted as sole placement agent for Vinco Ventures Inc., in its issuance of a $10,000,000 principal amount convertible note and shares of Series A perpetual non-convertible preferred stock of the Company designated as Series A Preferred Stock.
NEW YORK, NY, January 31st, 2023 – Palladium Capital Group, LLC, today announces that it has served as the exclusive placement agent and financial advisor to PishPosh Inc. in its issuance of an aggregate of $550,000 in unsecured original issue discount promissory notes.
For more information about PishPosh Baby, please visit their website: https://pishposhbaby.com/pages/about-us
NEW YORK, NY, December 8th, 2022 – Palladium Capital Group, LLC, today announces that it has served as sole placement agent for Darwin CX (“DCX”) for its $38.4M USD funding. The funding was co-led by Toronto-based First Ascent Ventures and California-based Felicitas Global Partners. Additional funding was provided by New York-based Metropolitan Partners Group and Liam Lynch.
“Darwin is on its ascent to establish itself as the industry leader thanks to our strong culture led by dedicated employees and supportive partners,” said DCX Executive Chairman and lead investor Liam Lynch. “We’re thrilled to add these experienced and savvy B2B SaaS investors led by Richard Black and Tony van Marken at First Ascent Ventures, Bonar Chhay at Felicitas Global Partners, and Max Segal at Metropolitan Partners Group, to propel our next stage of growth.”
“This funding from top-tier investment groups accelerates Darwin’s mission to serve our clients with tools and capabilities to grow their subscriber bases and save up to half of their fulfilment and marketing costs,” said Darwin co-founder and CEO Laas Turnbull. “This funding means we can confidently scale our operations, build strategic channel partnerships, and continue investing in our very ambitious product roadmap, led by Michael Smith, our co-founder, CTO, and Head of Innovation.”
DCX is an industry-leading software-as-a-service platform that leverages real-time data to increase acquisition and retention rates while decreasing marketing spend for publishers and membership-based organizations. It enables data-driven transformations for brands that often have sophisticated requirements for customer acquisition and retention, reporting, and customer service. DCX integrates seamlessly with third-party applications and fulfillment providers. DCX delivers a far superior customer experience compared to the industry’s legacy technology and processes—the driving motivation behind another recent partnership announcement with publishing powerhouse a360 Media.
“Numerous industries that relied on legacy mainframe-based technology—costly and rigid—have been disrupted by cloud-based systems like Darwin,” said Richard Black, co-founder and Managing Partner of First Ascent Ventures. “This partnership will ensure that Darwin’s cloud-based technology will replace the legacy mainframe-based technology still used in the subscription economy.”
DCX has scaled clients by a factor of 10 in the past 18 months, adding new customers and channel partners across North America. Through a mix of organic growth and acquisition, DCX will continue in its drive to become a major voice in the subscription economy, which has grown more than 23% in the past year to $51 billion. By 2025, it is expected to be a $141-trillion economy.
“At Metropolitan, we see a large number of investment opportunities in the lower and middle market—Darwin stands out given its leadership team and growth strategy,” said Metropolitan Vice-President Max Segal. “Partnering with First Ascent Ventures and Felicitas to support Darwin is a winning combination.”
The transaction team was led by Chief of Staff Toby McCoy, CFO Jon Soucy, and General Counsel Chris Bedor at Darwin; Senior Associate Noah Chaikof at First Ascent Ventures; Director Calvin Marks and Associate Cody Odening at Felicitas Global Partners, with support from David McQuaid, Bruce Winans, and Alfonso Alejo at Compass Securities/Palladium Capital Group; Britt Rogers at Akin Gump Strauss Hauer & Feld; Kevin Kilduff at Kilduff Law; Aaron Rothman at K&L Gates; and Rebecca Chilton at Nelson Mullins.
About Darwin CX
Darwin CX is a transformative SaaS platform at the leading edge of the subscription economy serving clients on 3 continents. It helps brands accelerate acquisition and retention—and increase loyalty—through innovative and customized check-out pages, targeted audience offerings, real-time A/B testing, and best-in-class analytics. The Darwin platform enables clients to have complete freedom and control over customer data in order to tailor the best possible customer experiences. Darwin provides a full suite of fulfillment services to its clients through its integrations with direct mail, lettershop, in-bound mail processing, and call center partners.
Metropolitan Partners Group is a private investment firm that provides asset-based debt capital to non-sponsored situations in the domestic lower middle market space, unconstrained by industry or asset class. Metropolitan works directly with business owners and management teams to grow their balance sheets and build lasting value with its tailored capital solutions, while aiming to provide downside protection to its investors.
About First Ascent Ventures
Founded in 2015 by Richard Black and Tony van Marken, First Ascent Ventures invests in early-stage, emerging, and growth-oriented enterprise software companies in the information technology sector. The First Ascent Ventures team bring deep bench strength as operating executives and investors having built and invested in significant, global enterprise software companies.
About Felicitas Global Partners
Felicitas Global Partners is an alternatives investment firm that manages portfolios of secondaries, private credit, and private equity investments. Felicitas manages capital from an institutional base of asset management firms, foundations, family offices, and private wealth managers, with approximately $700M Assets Under Management.
For further information: Alea Sarkar, 1-647-400-1455, firstname.lastname@example.org
NEW YORK, NY, August 1st, 2022 – Palladium Capital Group, LLC, announces that it has served as the sole placement agent for Hero Scientific Ltd. in its $2,000,000 Equity Round.
For more information about Hero Scientific, please visit their website: https://www.heroscientific.com/
NEW YORK, NY, July 28th, 2022 – Palladium Capital Group, LLC, today announces that it has served as investment banker to Cryptyde (NASDAQ: TYDE) in restructuring some of its financing.
For details see the full 8-K filling here:
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NEW YORK, NY – May 24, 2022, Palladium Capital Group, LLC (“Palladium”) announced today that it served as advisor to Everflow Software Ltda. (“Everflow”) in its acquisition by Pegasystems Inc. (NASDAQ: PEGA), the software company that crushes business complexity. Everflow, is an innovative process mining software company based in Brazil. Everflow’s highly intuitive software will enable Pega clients to uncover and fix hidden process inefficiencies that often bog down organizational operations. Combined with Pega’s market-leading AI-powered decisioning and workflow automation capabilities, this acquisition will help Pega deliver the most complete hyperautomation solution available for enterprises.
As business complexity continues to rise, process mining has emerged as a critical tool to help organizations streamline bloated and inconsistent processes that slow employee productivity and ultimately harm the bottom line. But two major limitations hold back process mining’s full potential: first, most process mining tools are too difficult to use and are understood only by technical business consultants; second, process mining by itself can’t fix process problems, it can only identify where those problems lie and suggest possible work arounds.
Everflow will provide Pega clients with an easy-to-use process mining solution that allows businesspeople to analyze and optimize their customer and employee-related processes. It makes it simple for users to automatically model their real-world processes based on organizational activity logs. Then the software analyzes where those processes break down in the field and suggests ways to improve the approach. For example, a retail banking head may deploy Everflow to determine if customers are abandoning the bank’s mobile app when it takes too many clicks to complete a transaction, or an insurance executive may discover if back-office bottlenecks in the application approval workflow are slowing their underwriters down.
But the true power of Everflow’s elegant solution will be fully unlocked when combined with Pega’s market-leading platform for AI-powered decisioning and workflow automation – where these processes already live for many of the world’s leading organizations. When integrated, the solution will help Pega clients continuously monitor processes across the enterprise, identify process issues or deviations when they arise, and even fix them on the fly. This will evolve the process mining field beyond static modeling and deliver real-time process optimization, deploying true hyperautomation on an enterprise scale to improve operations and customer experiences.
The new process mining capability is expected to be available for Pega clients on a limited basis in Q4 this year and with general availability early next year. It will be offered as an add-on capability to Pega Process AI™ – a set of Pega Platform™ capabilities introduced last year that uses self-optimizing AI and decision management to help businesses improve their operations in real time. Terms of the deal were not disclosed.
The news will be announced today at Pega’s flagship event, PegaWorld iNspire, which is available online on Tuesday, May 24, in the Americas and Europe or Wednesday, May 25, for Asia Pacific and on replays thereafter. After the keynotes, join the Supercharge Your Pega Workflows with Process Mining and Process AI session to learn more about how Pega plans to bring process mining and AI together to deliver the most complete hyperautomation solution available.
For more information, visit www.pega.com/products/platform/process-mining .
Quotes & Commentary:
“Our acquisition of Everflow puts Pega in a position to fulfill the promise of hyperautomation like no other company in the industry,” said Alan Trefler, founder and CEO, Pega. “When combined with our intelligent low-code platform, Everflow will help Pega root out business process inefficiencies from end to end in even the largest and most complex enterprises. We know that digital transformation never stops, and this unique and powerful software combination will allow for continuous improvement in a time of continuous change.”
“We built Everflow solutions to make the power of process mining accessible and actionable for anyone to use,” said Kleber Stroeh, former CEO of Everflow and now current vice president, process mining, Pega. “This philosophy fits perfectly with Pega’s mission to crush business complexity by democratizing the tools that help organizations operate at their full potential. We look forward to joining with Pega and using our solution to help solve problems for some of the most important businesses in the world.”
Pega delivers innovative software that crushes business complexity so our clients can make better decisions and get work done. We help the world’s leading brands solve their biggest business challenges: maximizing customer lifetime value, streamlining customer service, and boosting operational efficiency. Pega technology is powered by real-time AI and intelligent automation, while our scalable architecture and low-code platform help enterprises adapt to rapid change and transform for tomorrow. For more information, please visit www.pega.com.
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SOURCE Pegasystems Inc.
NEW YORK, NY, March April 29th, 2022 – Palladium Capital Group, LLC, today announces that it has served as the sole placement agent to Gozio Health in its $15,000,000 Series A Convertible Round from funds managed by Morgan Stanley Expansion Capital. The investment round will be used to accelerate Gozio’s growth and sets the stage for a long-term financial partnership.
“We are at a turning point in healthcare where digital strategy is not only a competitive differentiator for health systems but is foundational to positive consumer experiences. An effective digital platform can enhance engagement with patients, prevent revenue leakage and increase overall patient satisfaction,” said Joshua Titus, Founder and CEO of Gozio. “With the strong support of Morgan Stanley, Gozio is poised to substantially ramp up efforts to equip health systems with the kind of robust, extensible platform needed to optimize digital engagement.”
Gozio’s mobile patient engagement solution provides health systems with a turnkey digital front door, offering a unified platform which integrates HCIT applications, including physician directories, appointment scheduling, EHR and patient record access, into an easy-to-use mobile application. Gozio’s solution also leverages the Company’s patented, industry-leading wayfinding technology to provide real-time, turn-by-turn directions to patients and staff.
“The consumerization of healthcare is driving hospitals and health systems to increasingly focus on patient experience and engagement. Gozio offers a solution that helps patients not only navigate the physical network of the health system, but also provides patients mobile access to the services, information and applications necessary to engage patients in their own care,” said Melissa Daniels, Managing Director at Morgan Stanley Expansion Capital. “We believe Gozio’s digital front door and wayfinding technology provide a compelling value proposition by enhancing the personal end-to-end consumer experience within the network of the health system. We are thrilled to be partnering with Joshua and the Gozio team to support the Company as it continues on its growth trajectory.”
Gozio will use the funding to expand its client base among leading health systems, grow its client services and engineering teams, and advance the extensibility of its platform to support a digital health ecosystem.
About Gozio Health
Gozio Health offers an end-to-end, customizable digital health platform exclusively for healthcare systems. Gozio’s extensible mobile platform enables seamless consumer interactions and provides an anytime, anywhere connection to patients that improves their overall experience and access to care. Popular patient engagement features include patented indoor wayfinding with turn-by-turn navigation, virtual visits, physician directories, appointment scheduling, access to electronic health records, Urgent Care and Emergency Department wait-times, and extensive analytics capabilities. Gozio customers surveyed in a 2021 KLAS Research Emerging Technology Spotlight report found 100% satisfaction and improved experience for patients and staff. For more information, watch the video or visit www.goziohealth.com or find Gozio Health on Twitter and LinkedIn.
About Morgan Stanley Expansion Capital
Morgan Stanley Expansion Capital is the growth-focused private investment platform within Morgan Stanley Investment Management. Morgan Stanley Expansion Capital targets growth equity and credit investments within technology, healthcare, consumer, digital media and other high-growth sectors. For over three decades, Morgan Stanley Expansion Capital has successfully pursued growth investment opportunities and has completed investments in over 200 companies, leveraging the global brand and network of Morgan Stanley. For further information about Morgan Stanley Expansion Capital, please visit www.morganstanley.com/im/expansioncapital.