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Monsha’at: Biban 2024 accelerates transformation of Saudi entrepreneurship with over SAR 10.6 billion worth of agreements

RIYADH, Saudi Arabia, Nov. 09, 2024 (GLOBE NEWSWIRE) — The Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, Monsha’at, has taken another important step towards reshaping the Saudi entrepreneurship landscape, following the announcement of 16 agreements worth more than SAR 10.6 billion on the fourth day of Biban24.

Extending its ongoing efforts to empower Saudi entrepreneurs and bolster the Kingdom’s SME infrastructure, Monsha’at also officially announced a wide selection of agreements to allocate substantial financial portfolios to financing Saudi Arabia’s rapidly growing community of entrepreneurs. This includes a portfolio worth SAR 3.1 billion, in collaboration with Tayseer Finance; as well as a portfolio valued at SAR 2 billion with Lendo Company. Monsha’at also announced a SAR 1 billion portfolio with Tarmeez Capital. These agreements are fully geared towards providing SMEs with steppingstones to success and facilitating more seamless and ready access to vital tools and resources.

The National Commercial Bank (NCB) also announced the launch of 15 new branches specialized in supporting SMEs. Additionally, Arab Bank launched the “anb digital”, a platform created to enable SMEs to submit financing applications, receive preliminary approvals, and sign contracts electronically.

The fourth day of Biban24 — the Kingdom’s flagship SME forum — also placed an emphasis on upskilling and capacity building, with a range of seminars and workshops being hosted. Covering a diversity of subjects and areas of interest, these workshops and seminars were held to empower participants, attendees and entrepreneurs from the region and beyond with access to all–important insights, resources and connections.

Organized by Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, the event is being hosted at the Riyadh Front Exhibition & Conference Center. Held under the theme of Global Destination for Opportunities, the gathering is focused on driving the growth and development of the Saudi entrepreneurial ecosystem for local and international entrepreneurs.

In line with this goal — and the objectives of Vision 2030 — the forum will immerse visitors and attendees in an enabling atmosphere conducive to innovation, with participants being invited to explore 9 key areas, or “Doors”. These include the “Enablement”, “Fast–growing Enterprises”, “Funding and Investment”, “Startup”, “Innovation”, “E–commerce”, “Start”, “Franchise”, and “Market” Doors.

These Doors are specialized areas where businesses and entrepreneurs will be given the opportunity to explore how to reach the next level and fulfil their business potential.

https://bibanglobal.sa/

Contact:
Tarek Chahine
[email protected]


GLOBENEWSWIRE (Distribution ID 1001012340)

Agventure raises $9.5 million from AgDevCo to help expand its canola oil and seed processing in Kenya

NAIROBI, Kenya and LONDON, Nov. 08, 2024 (GLOBE NEWSWIRE) — Specialist agricultural investor AgDevCo is pleased to announce its latest investment in Kenya, into Agventure, a farmer–owned business that is leading the way in regenerative agricultural practices for non–irrigated cereal–based systems.

Agventure was established in 2010 with the mission of enabling Kenyan farmers to develop more sustainable farming practices. Agventure consists of a collective of farmers, researchers, educators, and entrepreneurs working to model, promote, and share regenerative production methods throughout the food system.

Today the group supplies over 45,000 tonnes of food crops into the local market, across a range of crops including wheat, barley, maize, canola, sunflower, green peas, chickpeas, lupins, fava beans and others. Through its Centre of Excellence, the company reaches and trains over 700 small and medium sized farmers across the country, encouraging them to introduce rotational crops including canola, into their farming system to help promote soil health. Agventure then provides a guaranteed offtake for the canola seed, which it processes and sells to the Kenyan market.

AgDevCo’s mezzanine loan of $9.5 million will enable the company to continue to develop its canola oil production capabilities – it sells oil under the Pure Mountain brand in Kenya – allowing the company to increase its volumes purchased from outgrower farmers. It will also help to build Agventure Seed’s platform to supply high quality certified seed to farmers.

AgDevCo’s Managing Director for East Africa, Rebecca Sankar, said, “We are excited to be supporting Agventure in its journey to add more value commodity crops, which increases the availability of high quality, locally produced food for the domestic market and reduces reliance on imports.”

Agventure’s CEO, Don White, said, “Agventure is looking forward to working with AgDevCo to expand and strengthen our business and in doing so expand availability of regenerative agriculture solutions to many more farmers.”

AgDevCo is a specialist investor in African agriculture, growing sustainable and impactful agribusiness, with USD 280m under management. Its vision is a thriving commercial agriculture sector, which benefits both people and planet by investing in and supporting agribusinesses to grow, create jobs, produce, and process food and link farmers to markets. AgDevCo supports its partners to work towards climate sustainability, and where possible, regenerative solutions. AgDevCo has made more than 65 investments to date. More information can be found at www.agdevco.com

Sam Hayley, Senior Investment Manager [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5aea4cf–23b6–4586–9fb1–cb3afcd63202


GLOBENEWSWIRE (Distribution ID 1001012023)

Tropo Farms secures $10m from AgDevCo to expand tilapia fish production in Ghana

ACCRA, Ghana and LONDON, Oct. 29, 2024 (GLOBE NEWSWIRE) — Specialist agriculture investor AgDevCo has signed a long–term investment with Tropo Farms, the leading tilapia fish producer in West Africa and among the largest in Sub–Saharan Africa. Tropo Farms employs 917 people and supplies fish to the local market through about 3,000 market traders, the majority of whom are women.

Ghana has one of the highest fish consumption rates in Africa, consuming over 800,000 tonnes per year. This investment will boost the country’s aquaculture industry to satisfy the growing local demand for high quality, affordable fish as a sustainable alternative to wild catch and imports.

Tropo Farms is a pioneer in African aquaculture. Established by founder Mark Amechi in 1997, Tropo has developed sophisticated aquaculture practices tailored for local conditions.

AgDevCo’s investment of $10m will finance the construction of a modern processing facility and other production equipment. This will increase the company’s capacity to 30,000 tonnes within five years, contributing to improved nutrition and food security in Ghana.

Tropo sees opportunities for further aquaculture projects in West Africa, which it plans to pursue with AgDevCo and other strategic co–investors.

“Investing in Tropo Farms supports production of an important protein source in Ghana, contributes to import substitution and promotes economic growth. Our investment will enhance operational efficiency and sustainable aquaculture practices,” said Kweku Koranteng, AgDevCo’s Investment Director for West Africa.

“This loan is a major milestone for Tropo Farms. It will expand our logistics and distribution network while bringing more benefits to the communities where we operate. We are pleased to partner with AgDevCo, who brings flexible long–term capital to support our growth, as well as agribusiness expertise,” said Francisco Murillo, Tropo Farms CEO.

Mark Amechi, founder of Tropo Farms, added: “This agreement will not only enable us to scale our production volume and market share within Ghana but also represents a critical step toward realising our long–held ambitions of expanding further into the underdeveloped West African aquaculture sector.”

AgDevCo is a specialist investor in African agriculture, growing sustainable and impactful agribusiness, with $280m under management. Their vision is a thriving commercial agriculture sector, which benefits both people and planet by investing in and supporting agribusinesses to grow, create jobs, produce, and process food and link farmers to markets. They support their partners to work towards climate sustainability, and where possible, regenerative solutions. AgDevCo has made more than 65 investments to date.

Contact details for media:

Kweku Koranteng, [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d3424eb–7995–475e–9db9–9c4d9e33964c


GLOBENEWSWIRE (Distribution ID 1001010025)

11x Obtém Financiamento da Benchmark de US $ 24 milhões para a Série A para a Criação do Futuro do Trabalho Digital

Investimento Irá Acelerar o Desenvolvimento de Trabalhadores Digitais Alimentados por IA e Expansão da Presença Global

SAN FRANCISCO, Sept. 17, 2024 (GLOBE NEWSWIRE) — A 11x, uma startup de IA pioneira que está transformando a força de trabalho moderna com trabalhadores digitais autônomos, anunciou hoje o fechamento de uma rodada de financiamento da Série A de US $ 24 milhões. A rodada foi liderada pela Benchmark, com participação da Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth e 20Sales.

Fundada em 2022 pelo CEO Hasan Sukkar, a 11x simplifica as operações de Go–to–Market (GTM) com trabalhadores digitais alimentados por IA, permitindo que as equipes se concentrem no trabalho estratégico.

“Não visamos os gastos com SaaS e sim os orçamentos de contratação. O nosso foco é vender trabalho”, disse Guillaume Roux–Romestaing, Dirigente de Parcerias da 11x.

Abordagem ao Desafio GTM

Nas últimas duas décadas as ferramentas GTM passaram a ser cada vez mais fragmentadas. A proliferação de software especializado – de CRMs e plataformas de automação de marketing a ferramentas de engajamento de vendas e serviços de enriquecimento de dados – sobrecarregou as equipes de receita.

“Desde que o Salesforce foi inventado em 1999, o acúmulo de software GTM especializado nas equipes levou a sistemas fragmentados e custos operacionais inflados. Cada nova ferramenta geralmente requer suas próprias integrações, manutenção e treinamento, eliminando quaisquer ganhos de eficiência que essas ferramentas deveriam proporcionar”, explicou Keith Fearon, Dirigente de Crescimento da 11x.

A Solução 11x

A 11x está redefinindo a força de trabalho com o desenvolvimento de trabalhadores digitais alimentados por IA que executam fluxos de trabalho de forma autônoma nas equipes de receita. Com a automatização das funções tradicionalmente desempenhadas por funcionários, esses trabalhadores digitais podem ser “contratados” para lidar com tarefas de forma eficiente e em escala.

“O ponto principal é separar tarefas específicas tradicionalmente realizadas pelos funcionários e revendê–las”, disse Sarah Tavel, Sócia Geral da Benchmark.

No início deste ano, a 11x lançou a “Alice”, uma Representante de Desenvolvimento de Vendas baseada em IA. Alice ganhou força significativa ao ajudar as empresas a crescer no piloto automático, automatizando a prospecção, o engajamento multicanal e a personalização em escala. O recente lançamento do “Jordan”, um representante de telefone de IA focado na qualificação de leads de entrada, já recebeu o interesse de empresas com o objetivo de agilizar seus processos de “velocidade para liderar”.

Impacto do Investimento e Planos de Crescimento

O financiamento da Série A acelerará o pipeline de desenvolvimento de produtos da 11x, expandirá a equipe e aumentará sua presença no mercado global, particularmente no mercado dos EUA, para onde a empresa transferiu recentemente sua sede. A equipe continua a crescer lá, atraindo contratações importantes de empresas líderes de tecnologia, como o CTO Prabhav Jain (ex–Dirigente de Engenharia de Serviços Financeiros da Brex).

“Em dois anos, acreditamos que os trabalhadores digitais serão uma parte regular da forma como as empresas em todo o mundo operam”, disse Hasan Sukkar.

Sobre a 11x

A 11x é uma startup de IA fundada em 2022 por Hasan Sukkar. A empresa é especializada no desenvolvimento de trabalhadores digitais autônomos que automatizam os fluxos de trabalho de Go–to–Market (GTM), permitindo que as organizações aumentem a eficiência e reduzam os custos. A 11x se concentra em automatizar funções em equipes de GTM, como Vendas, Marketing e Operações de Receita.

Para mais informação, visite 11x.ai.

Contatos:
Keith Fearon – Dirigente de Crescimento da 11x
Email: [email protected]

Fotos deste comunicado podem ser encontradas em

https://www.globenewswire.com/NewsRoom/AttachmentNg/611dfd4d–804c–49a2–83fe–94fbdcdbff65

https://www.globenewswire.com/NewsRoom/AttachmentNg/52cc596e–a9c8–4d71–b427–dbfa36170db5


GLOBENEWSWIRE (Distribution ID 9231958)

11x obtient un financement de série A de 24 millions de dollars dirigé par Benchmark pour créer l’avenir du travail numérique

L’investissement permettra d’accélérer le développement des travailleurs numériques alimentés par l’IA et d’étendre l’empreinte mondiale

SAN FRANCISCO, 17 sept. 2024 (GLOBE NEWSWIRE) — 11x, une startup pionnière en matière d’IA transformant la main–d’œuvre moderne au moyen de travailleurs numériques autonomes, a annoncé aujourd’hui la clôture d’un tour de financement de série A de 24 millions de dollars. Le tour de table a été dirigé par Benchmark, avec la participation de Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth, et 20Sales.

Fondée en 2022 par le PDG Hasan Sukkar, 11x simplifie les opérations Go–to–Market (GTM) grâce à des travailleurs numériques alimentés par l’IA, permettant ainsi aux équipes de se concentrer sur le travail stratégique.

« Nous ne ciblons pas les dépenses SaaS, nous ciblons les budgets d’embauche. Notre métier est de vendre du travail », a déclaré Guillaume Roux–Romestaing, Responsable des partenariats chez 11x.

Relever le défi du GTM

Ces deux dernières décennies, le paysage des outils GTM est devenu de plus en plus fragmenté. La prolifération de logiciels spécialisés, allant des CRM et des plateformes d’automatisation du marketing aux outils d’engagement des ventes en passant par les services d’enrichissement des données, a alourdi la tâche des équipes chargées des recettes.

« Depuis l’invention de Salesforce en 1999, l’accumulation de logiciels GTM spécialisés dans les équipes a conduit à des systèmes fragmentés et à des coûts opérationnels élevés. Chaque nouvel outil nécessite souvent ses propres intégrations, sa propre maintenance et sa propre formation, annulant ainsi les gains d’efficacité que ces outils étaient censés apporter », a indiqué Keith Fearon, Responsable de la croissance chez 11x.

La solution 11x

11x redéfinit la main–d’œuvre en développant des travailleurs numériques alimentés par l’IA qui exécutent de manière autonome les flux de travail dans les équipes chargées des recettes. En automatisant les rôles traditionnellement assumés par les employés, ces travailleurs numériques peuvent être « embauchés » pour traiter les tâches efficacement et à grande échelle.

« La clé est de dégrouper les tâches spécifiques traditionnellement effectuées par les employés et de les revendre », a expliqué Sarah Tavel, Commanditée chez Benchmark.

Au début de l’année, 11x a lancé « Alice », une représentante du développement des ventes alimentée par l’IA. Alice a connu un succès considérable en aidant les entreprises à se développer en pilote automatique grâce à l’automatisation de la prospection, de l’engagement multicanal et de la personnalisation à grande échelle. Le lancement récent de « Jordan », un téléconseiller assisté par l’IA qui se concentre sur la qualification des prospects entrants, a déjà suscité l’intérêt des entreprises qui souhaitent rationaliser leurs processus « speed to lead ».

Impact de l’investissement et plans de croissance

Le financement de la série A permettra à 11x d’accélérer le développement de ses produits, d’agrandir son équipe et de renforcer sa présence sur le marché mondial, en particulier sur le marché américain, où l’entreprise a récemment transféré son siège. L’équipe continue de se développer dans ce pays, attirant des personnes clés issues de grandes entreprises technologiques, comme le Directeur technique Prabhav Jain (ancien responsable de l’ingénierie des services financiers chez Brex).

« Dans deux ans, nous pensons que les travailleurs numériques feront partie intégrante du mode de fonctionnement des entreprises du monde entier », a affirmé Hasan Sukkar.

À propos de 11x

11x est une startup d’IA fondée en 2022 par Hasan Sukkar. La société est spécialisée dans le développement de travailleurs numériques autonomes chargés d’automatiser les flux de travail liés au Go–to–Market (GTM), permettant ainsi aux organisations d’accroître leur efficacité et de réduire leurs coûts. 11x se concentre sur l’automatisation des rôles dans les équipes GTM telles que les ventes, le marketing et les opérations relatives aux recettes.

Pour en savoir plus, consultez le site 11x.ai.

Contact :
Keith Fearon – Responsable de la croissance chez 11x
E–mail : [email protected]

Les photos jointes au présent communiqué sont disponibles aux adresses suivantes :

https://www.globenewswire.com/NewsRoom/AttachmentNg/611dfd4d–804c–49a2–83fe–94fbdcdbff65

https://www.globenewswire.com/NewsRoom/AttachmentNg/52cc596e–a9c8–4d71–b427–dbfa36170db5


GLOBENEWSWIRE (Distribution ID 9231958)

11x sichert Serie A-Finanzierungzur Gestaltung der Zukunft der digitalen Arbeit in Höhe von 24 Mio. USD unter Führung von Benchmark

Investition zur Beschleunigung der Entwicklung KI–gestützter digitaler Arbeitskräfte und zur Ausweitung der globalen Präsenz

SAN FRANCISCO, Sept. 17, 2024 (GLOBE NEWSWIRE) — 11x, ein bahnbrechendes KI–Startup, das die moderne Arbeitswelt mit autonomen digitalen Arbeitskräften umgestaltet, hat heute den Abschluss einer Serie–A–Finanzierungsrunde in Höhe von 24 Mio. USD bekanntgegeben. Die Runde wurde von Benchmark geleitet, mit Beteiligung von Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth und 20Sales.

Das 2022 von CEO Hasan Sukkar gegründete Unternehmen 11x vereinfacht Go–to–Market (GTM)–Abläufe mit KI–gesteuerten digitalen Mitarbeitern, damit sich die Teams auf strategische Aufgaben konzentrieren können.

„Wir zielen nicht auf SaaS–Ausgaben, sondern auf Einstellungsbudgets ab. Unser Geschäft ist es, Arbeit zu verkaufen,“ so Guillaume Roux–Romestaing, Head of Partnerships bei 11x.

Herausforderungen im Bereich GTM angehen

In den letzten zwei Jahrzehnten hat sich die Landschaft der GTM–Tools zunehmend fragmentiert. Die Verbreitung von Spezialsoftware — von CRM und Marketing–Automatisierungsplattformen bis hin zu Tools für das Engagement im Vertrieb und Dienstleistungen zur Datenanreicherung — hat die Umsatzteams belastet.

„Seit der Erfindung von Salesforce im Jahr 1999 hat die Anhäufung von spezialisierter GTM–Software in Teams zu fragmentierten Systemen und aufgeblähten Betriebskosten geführt. Jedes neue Tool erfordert oft eine eigene Integration, Wartung und Schulung, was letztendlich jegliche Effizienzsteigerung, die diese Tools bieten sollten, zunichte macht“, erklärt Keith Fearon, Head of Growth bei 11x.

Die Lösung von 11x

11x definiert die Arbeitswelt neu, indem es KI–gestützte digitale Mitarbeiter entwickelt, die autonom Arbeitsabläufe in Umsatzteams ausführen. Durch die Automatisierung von Aufgaben, die traditionell von Mitarbeitern ausgeführt werden, können diese digitalen Mitarbeiter „eingestellt“ werden, um Aufgaben effizient und in großem Umfang zu erledigen.

„Der Schlüssel liegt darin, bestimmte Aufgaben, die traditionell von Mitarbeitern ausgeführt werden, zu entbündeln und neu zu verkaufen“, so Sarah Tavel, General Partner bei Benchmark.

Anfang dieses Jahres brachte 11x „Alice“ auf den Markt, eine KI–gestützte Vertreterin für Verkaufsentwicklung. Alice hat sich einen Namen gemacht, indem sie Unternehmen dabei hilft, auf Autopilot zu wachsen, indem sie die Akquise, das Multi–Channel–Engagement und die Personalisierung in großem Umfang automatisiert. Die kürzliche Markteinführung von „Jordan“, einem KI–Telefonagenten, der sich auf die Qualifizierung von Inbound–Leads konzentriert, hat bereits das Interesse von Unternehmen geweckt, die ihre „Speed–to–Lead“–Prozesse rationalisieren wollen.

Auswirkungen von Investitionen und Wachstumspläne

Die Serie–A–Finanzierung wird die Produktentwicklungspipeline von 11x beschleunigen, das Team erweitern und die globale Marktpräsenz des Unternehmens stärken, insbesondere auf dem US–Markt, wohin das Unternehmen kürzlich seinen Hauptsitz verlegt hat. Das Team wächst dort weiter und zieht wichtige Mitarbeiter von führenden Technologieunternehmen an, wie z. B. CTO Prabhav Jain (ehemaliger Head of Financial Services Engineering bei Brex).

„Wir glauben, dass digitale Arbeitskräfte in zwei Jahren ein fester Bestandteil der Arbeitsweise von Unternehmen auf der ganzen Welt sein werden“, so Hasan Sukkar.

Über 11x

11x ist ein KI–Startup, das 2022 von Hasan Sukkar gegründet wurde. Das Unternehmen ist auf die Entwicklung autonomer digitaler Mitarbeiter spezialisiert, die Go–to–Market–Workflows (GTM) automatisieren und es Unternehmen ermöglichen, ihre Effizienz zu steigern und Kosten zu senken. 11x konzentriert sich auf die Automatisierung von Aufgaben in GTM–Teams wie Vertrieb, Marketing und Revenue Operations.

Weitere Informationen finden Sie unter 11x.ai.

Kontaktperson:
Keith Fearon – Head of Growth @ 11x
E–Mail: [email protected]

Fotos zu dieser Mitteilung sind verfügbar unter

https://www.globenewswire.com/NewsRoom/AttachmentNg/611dfd4d–804c–49a2–83fe–94fbdcdbff65

https://www.globenewswire.com/NewsRoom/AttachmentNg/52cc596e–a9c8–4d71–b427–dbfa36170db5


GLOBENEWSWIRE (Distribution ID 9231958)

11x Secures $24 Million Series A Funding Led by Benchmark to Create the Future of Digital Work

Investment to Accelerate the Development of AI–Powered Digital Workers and Expand Global Footprint

SAN FRANCISCO, Sept. 16, 2024 (GLOBE NEWSWIRE) — 11x, a pioneering AI startup transforming the modern workforce with autonomous digital workers, announced closing a $24 million Series A funding round today. The round was led by Benchmark, with participation from Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth, and 20Sales.

Founded in 2022 by CEO Hasan Sukkar, 11x simplifies Go–to–Market (GTM) operations with AI–powered digital workers, allowing teams to focus on strategic work.

“We don’t target SaaS spend; we target hiring budgets. We’re in the business of selling work,” said Guillaume Roux–Romestaing, Head of Partnerships at 11x.

Addressing the GTM Challenge

Over the past two decades, the landscape of GTM tools has become increasingly fragmented. The proliferation of specialized software—from CRMs and marketing automation platforms to sales engagement tools and data enrichment services—has burdened revenue teams.

“Since Salesforce was invented in 1999, the accumulation of specialized GTM software in teams has led to fragmented systems and bloated operational costs. Each new tool often requires its own integrations, maintenance, and training, ultimately eliminating any efficiency gains these tools were supposed to provide,” explained Keith Fearon, Head of Growth at 11x.

The 11x Solution

11x is redefining the workforce by developing AI–powered digital workers that autonomously execute workflows in revenue teams. By automating roles traditionally performed by employees, these digital workers can be “hired” to handle tasks efficiently and at scale.

“The key is to unbundle specific tasks traditionally performed by employees and to re–sell them,” noted Sarah Tavel, General Partner at Benchmark.

Earlier this year, 11x launched “Alice,” an AI–powered Sales Development Representative. Alice has gained significant traction by helping companies grow on autopilot by automating prospecting, multi–channel engagement, and personalization at scale. The recent launch of “Jordan,” an AI phone rep focused on inbound lead qualification, has already received interest from businesses aiming to streamline their “speed to lead” processes.

Investment Impact and Growth Plans

The Series A funding will accelerate 11x’s product development pipeline, expand its team, and enhance its global market presence, particularly in the US market, where the company has recently relocated its headquarters. The team continues to grow there, attracting key hires from leading tech companies such as CTO Prabhav Jain (former Head of Financial Services Engineering at Brex).

“In two years, we believe that digital workers will be a regular part of how companies around the world operate,” said Hasan Sukkar.

About 11x

11x is an AI startup founded in 2022 by Hasan Sukkar. The company specializes in developing autonomous digital workers that automate Go–to–Market (GTM) workflows, enabling organizations to increase efficiency and reduce costs. 11x focuses on automating roles in GTM teams such as Sales, Marketing, and Revenue Operations.

For more information, visit 11x.ai.

Contacts:
Keith Fearon – Head of Growth @ 11x
Email: [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/611dfd4d–804c–49a2–83fe–94fbdcdbff65

https://www.globenewswire.com/NewsRoom/AttachmentNg/52cc596e–a9c8–4d71–b427–dbfa36170db5


GLOBENEWSWIRE (Distribution ID 9231325)

Akur8 sichert sich $120 Millionen in Series-C Finanzierungsrunde, um die Expansion seiner aktuariellen Plattform der nächsten Generation zu beschleunigen

PARIS und LONDON und NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) — Akur8, die auf Machine Learning basierende Plattform für Versicherungspricing und –reservierung, gab heute bekannt, dass das Unternehmen eine Series–C Finanzierung in Höhe von 120 Millionen US–Dollar erhalten hat, womit sich das Gesamtinvestitment auf 180 Millionen US–Dollar ansteigt. Diese jüngste Finanzierungsrunde wurde angeführt von One Peak, einem führenden Growth Equity Unternehmen, zusammen mit einer Beteiligung der Partners Group, einem der größten Unternehmen in der globalen Private Market Industrie, und dem bereits bestehenden Investor Guidewire Software, Inc. (NYSE:GWRE). Mit dieser neuen Finanzierung kann Akur8 sein Produktportfolio ausbauen und das Wachstum in wichtigen globalen Märkten beschleunigen.

Akur8 wurde speziell für Versicherer entwickelt und revolutioniert seit 2019 das Versicherungspricing mit transparenter KI. Seine Cloud–basierte, vollständig integrierte Plattform ermöglicht es Versicherern, Tarife in nie dagewesener Geschwindigkeit zu erstellen, finanzielle Ergebnisse direkt zu beeinflussen und Risikobewertungen zu verbessern. Durch die Übernahme der Arius–Reservierungsplattform (siehe PR) erweitert Akur8 sein Produktportfolio, vergrößert seinen Kundenstamm und unterstützt Versicherungsunternehmen weltweit, ihre Prozesse zu optimieren und fundiertere Entscheidungen zu treffen.

Die neuen Mittel werden in folgende Bereiche investiert:

  • Produktinnovation: Akur8 wird in Forschung und Entwicklung investieren, um seine Pricing–Plattform um zwei neue Module zu erweitern:
    (1) Optim, das Versicherern ermöglicht, die für ihre Ziele optimale Tarifierungsstrategie zu finden, und
    (2) Deploy, Akur8s Rating–Engine, die es den Pricing–Teams ermöglicht, ihre Tarife nahtlos in Produktion zu bringen.
  • Beschleunigung des Wachstums der kürzlich akquirierten Arius–Reservierungsplattform: Mit dem Eintritt ins Reserving wird Akur8 strategisch neue Marktsegmente anvisieren und die Lücke zwischen Pricing und Reserving schließen. Die umfassende Erfahrung im Bereich SaaS und KI wird Akur8 in die Produktentwicklung der Akur8 Reserving Plattform einfließen lassen.
  • Globale Expansion: Neben Forschung und Entwicklung wird diese Finanzierungrunde entscheidend zu Akur8s strategischen Expansion in wichtigen Wachstumsmärkten, insbesondere in Nordamerika, voranzutreiben. Mit der stärkeren Präsenz in dieser Region wird Akur8 neue Kundensegmente erschließen und seine Angebote gezielt an die spezifischen Bedürfnisse dieser Märkte anpassen.

“Wir freuen uns auf die enge Zusammenarbeit mit unseren neuen Investoren One Peak und Partners Group, zwei führenden Investmentfirmen, die unsere Vision von Innovation und Exzellenz teilen. Mit ihrer Unterstützung wollen wir unsere Produktentwicklung beschleunigen und den Branchentrends voraus sein, um Versicherern weltweit eine unvergleichliche, integrierte, aktuarielle Plattform zu bieten“, so Samuel Falmagne, CEO und Co–Founder von Akur8.

Brune de Linares, Chief Client Officer und Co–Founder von Akur8, fügte hinzu: „Diese Finanzierungsrunde wird uns es ermöglichen, die sich entwickelnden Bedürfnisse unserer Kunden besser zu erfüllen, ihre Effizienz zu steigern und sie mit innovativen Tools auszustatten, um in einer zunehmend wettbewerbsorientierten Versicherungslandschaft erfolgreich zu sein. Wir freuen uns über die Wachstumsmöglichkeiten und Fortschritte, die diese Investition bedeutet.“

Humbert de Liedekerke Beaufort, Mitbegründer und Managing Partner von One Peak, sagte: „Akur8 bietet eine wirklich einzigartige cloudbasierte End–to–End–Plattform für Aktuare, die proprietäre Algorithmen des Machine Learnings nutzt, um den Pricingprozess der Versicherer zu beschleunigen und zu präzisieren, während gleichzeitig volle Transparenz, Überprüfbarkeit und Kontrolle über die erstellten Modelle gewährleistet wird. Wir sind besonders beeindruckt von der benutzerfreundlichen Oberfläche von Akur8, der einfachen Bereitstellung und dem guten Ruf, den das Unternehmen bei den weltweit führenden Versicherern für seinen hervorragenden Kundenservice genießt. Wir freuen uns auf eine enge Zusammenarbeit mit dem erfahrenen Führungsteam von Akur8, um das nächste Kapitel der globalen Expansion, der Marktführerschaft und der Innovation des Unternehmens zu gestalten.

Pierre Curis, Private Equity Technology, Partners Group, kommentiert: „Akur8 hat eine herausragende Pricing–Plattform der nächsten Generation entwickelt, die von der zunehmenden Komplexität der Versicherer und der wachsenden Akzeptanz neuer Technologien profitiert. Wir freuen uns, Akur8s ehrgeiziges Managementteam, das sich der Innovation und der Kundenzufriedenheit verschrieben hat, beim Eintritt in die nächste spannende Wachstumsphase zu unterstützen.“

Walter Billet Avocats fungierte bei dieser Transaktion als Rechtsberater für Akur8 und berät das Unternehmen seit seiner Gründung. Perella Weinberg Partners agierte in dieser Finanzierungsrunde als Finanzberater für Akur8.

Über Akur8
Akur8 revolutioniert die Versicherungsbranche mit seiner innovativen Pricing– und Reservierungssuite.
Unsere Next–Gen Pricing– und Reservierungsplattform kombiniert moderne Technologie mit aktuarieller Exzellenz, um Versicherern aus allen Sparten Geschwindigkeit, Performance, Transparenz und Zuverlässigkeit zu bieten.
Akur8 unterstützt mehr als 250 Kunden in mehr als 40 Ländern, darunter AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine und MS&AD. Mehr als 3000 Aktuare nutzen Akur8 täglich, um ihre Pricing– und Reservierungsmodelle zu erstellen.

Über One Peak
One Peak ist eine führende, auf Wachstumskapital spezialisierte Beteiligungsgesellschaft mit einem verwalteten Vermögen von 2 Milliarden US–Dollar, die in Technologieunternehmen in der Aufbauphase investiert. One Peak stellt außergewöhnlichen Unternehmern Wachstumskapital, operatives Fachwissen und Zugang zu seinem umfangreichen Netzwerk zur Verfügung, um innovative und schnell wachsende Unternehmen in nachhaltige und richtungsweisende Marktführer zu verwandeln. Zu den Investitionen von One Peak gehören neben Akur8 auch Ardoq, Coro, Cymulate, Deepki, Docplanner, Keepit, Lucca, Neo4J, Pandadoc, Spryker und viele andere. Um mehr zu erfahren, besuchen Sie www.onepeak.tech.

Über Partners Group
Partners Group ist eines der größten Unternehmen in der globalen Private–Markets–Branche mit rund 1.800 Fachleuten und einem verwalteten Vermögen von etwa 150 Mrd. USD. Das Unternehmen verfügt über Investitionsprogramme in den Bereichen Private Equity, Private Credit, Infrastruktur, Immobilien und Royalties. Partners Group hat seine Wurzeln in der Schweiz und ist in Colorado, dem Hauptstandort in Nord– und Südamerika, angesiedelt und unterscheidet sich damit vom Rest der Branche. Das Unternehmen nutzt seine Kultur und seinen operativ orientierten Ansatz, um attraktive Anlagethemen zu identifizieren und Unternehmen und Vermögenswerte zu Marktführern aufzubauen. Für weitere Informationen besuchen Sie bitte www.partnersgroup.com oder folgen Sie uns auf LinkedIn.

Pressekontakte:
Akur8
Vera Buttinger
Marketing Director
[email protected]
+33 7 66 31 47 58

One Peak
Lauren Sharman
Head of Platform
[email protected]
+44 7393 569004

Partners Group
Henry Weston
Communications Manager
[email protected]
+44 77 4876 0944

Fotos zu dieser Ankündigung sind verfügbar unter:
https://www.globenewswire.com/NewsRoom/AttachmentNg/74999edf–41b0–4b6b–8dcf–799caaa22aac/de

https://www.globenewswire.com/NewsRoom/AttachmentNg/1938a004–3cd3–4e5e–8426–95eae0d432f4/de

https://www.globenewswire.com/NewsRoom/AttachmentNg/b992f447–2289–4df6–88f9–a21bb20e9d1e/de


GLOBENEWSWIRE (Distribution ID 9230614)

Akur8 capta 120 milhões de dólares em Série C para acelerar o crescimento da sua plataforma atuarial de ponta

PARIS e LONDRES e NOVA YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) — A Akur8, plataforma de precificação e provisões técnicas de seguros baseada em aprendizado de máquina, anunciou hoje que garantiu US$ 120 milhões em financiamento Série C, elevando seu investimento total para US$ 180 milhões. Essa última rodada de financiamento foi liderada pela One Peak, uma das principais empresas de venture capital que investe em scale–ups de tecnologia, com a participação da Partners Group, uma das maiores empresas do setor de private equity, e do investidor histórico Guidewire Software, Inc. (NYSE:GWRE). O novo financiamento reforça significativamente a capacidade da Akur8 de expandir seu portfólio de produtos e impulsionar seu crescimento nos principais mercados globais.

Desenvolvida explicitamente para seguradoras, a Akur8 vem revolucionando a precificação de seguros não vida com IA transparente desde 2019. Sua plataforma totalmente integrada e baseada em nuvem permite que as seguradoras definam preços a uma velocidade sem precedentes, influenciando diretamente os resultados financeiros e aprimorando as avaliações de risco. Com a recente aquisição da plataforma de reservas Arius (leia comunicado de imprensa), a Akur8 expande ainda mais seu portfólio de produtos e base de clientes, ampliando o valor entregue às operadoras de seguros em todo o mundo.

O novo financiamento será utilizado para:

  • Incentivar a inovação dos produtos: A Akur8 investirá em P&D para enriquecer a sua plataforma de precificação de seguros com dois novos módulos:
    (1) Optim, que permite às seguradoras determinar a melhor estratégia de preços de seguros para atingir o seu objetivo comercial, e
    (2) Deploy, O novo motor de cálculo da Akur8, que permite aos times de pricing colocar os seus modelos em produção sem problemas.
  • Impulsionar o crescimento aproveitando a recente aquisição da Arius: Ao entrar no setor de provisões técnicas atuariais, a Akur8 visa estrategicamente novos segmentos de mercado e preenche a lacuna entre provisões e preços. Com a sua profunda experiência em SaaS e IA, a Akur8 irá acelerar o desenvolvimento do produto da Plataforma de reserving Akur8.
  • Acelerar a expansão global: Além de P&D, este financiamento será fundamental para impulsionar a expansão estratégica da Akur8 nos principais mercados em crescimento, particularmente nas Américas. Ao reforçar a sua posição nesta região, a Akur8 penetrará em novos segmentos de clientes e adaptará as suas ofertas para responder às exigências únicas destes mercados.

“Estamos ansiosos por colaborar estreitamente com os nossos novos investidores One Peak e Partners Group, duas empresas de investimento líderes que compartilham a nossa visão de inovação e excelência. Com o seu apoio, estamos empenhados em acelerar os nossos esforços de desenvolvimento de produtos e em mantermo–nos à frente das tendências do setor para oferecer uma plataforma atuarial integrada e sem paralelo às seguradoras a nível mundial”, declarou Samuel Falmagne, CEO e cofundador da Akur8.

Brune de Linares, Chief Client Officer e cofundadora da Akur8, acrescentou: “Com esta última captação, responderemos melhor às necessidades em evolução dos nossos clientes, melhorando a eficiência operacional e equipando seguradoras com ferramentas inovadoras para prosperar em um cenário de seguros cada vez mais competitivo. Estamos entusiasmados com as oportunidades de crescimento e os avanços que este investimento irá desbloquear para o nosso sucesso contínuo.”

Humbert de Liedekerke Beaufort, cofundador e Managing Partner da One Peak, disse: “A Akur8 oferece uma plataforma atuarial verdadeiramente única, baseada na nuvem e end–to–end, que utiliza algoritmos proprietários de machine learning para injetar velocidade e precisão no processo de precificação de seguros, ao mesmo tempo que garante total transparência, auditabilidade e controlo sobre os modelos criados. Ficamos particularmente impressionados com a interface amigável da Akur8, a facilidade de implementação e a reputação entre as principais seguradoras do mundo pelo seu excelente serviço ao cliente. Estamos ansiosos por trabalhar em estreita colaboração com o time executivo experiente da Akur8 à medida que traçam o próximo capítulo da expansão global da empresa, da liderança de mercado e da jornada de inovação.”

Pierre Curis, responsável por Tech Growth Equity na Partners Group, comenta: “A Akur8 desenvolveu uma plataforma de pricing diferenciada e de ponta que beneficia do crescente impulso para a sofisticação entre as seguradoras e da crescente adoção de novas tecnologias. Estamos entusiasmados por apoiar uma liderança ambiciosa, empenhada na inovação e na satisfação do cliente, à medida que embarcam nesta nova e excitante fase de crescimento.”

Walter Billet Avocats atuou como consultor jurídico da Akur8 nesta transação e tem acompanhado a empresa desde a sua criação. A Perella Weinberg Partners atuou como consultor financeiro da Akur8 nesta transação.

Sobre a  Akur8
A Akur8 está transformando o setor dos seguros patrimoniais com o seu conjunto inovador de soluções de precificação e provisões técnicas.
A nossa plataforma Next Gen Pricing and Reserving combina tecnologia de ponta com excelência atuarial para gerar valor ao negócio, proporcionando velocidade, desempenho, transparência e fiabilidade a seguradoras de todas as dimensões. 
A Akur8 atende a mais de 250 clientes em mais de 40 países, incluindo AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine e MS&AD. Mais de 3000 atuários usam a plataforma da Akur8 diariamente para criar os seus modelos de preços e projeções de provisões em todos os tipos de produto.

Sobre a One Peak
A One Peak é uma empresa líder em capital de crescimento especializado, com 2 mil milhões de dólares em ativos sob gestão, que investe em empresas tecnológicas em fase de expansão. A One Peak fornece capital de crescimento, experiência operacional e acesso à sua extensa rede a empresários excepcionais, com o objetivo de ajudar a transformar empresas inovadoras e de crescimento rápido em líderes duradouros e definidores de categorias. Para além da Akur8, os investimentos da One Peak incluem a Ardoq, Coro, Cymulate, Deepki, Docplanner, Keepit, Lucca, Neo4J, Pandadoc, Spryker e muitas outras. Para saber mais, visite www.onepeak.tech.

Sobre a Partners Group
O Partners Group é uma das maiores empresas da indústria global de mercados privados, com cerca de 1.800 profissionais e aproximadamente 150 mil milhões de dólares em ativos sob gestão. A empresa tem programas de investimento e mandatos personalizados que abrangem private equity, crédito privado, infraestrutura, imóveis e royalties. Com sua herança na Suíça e sua principal presença nas Américas, no Colorado, o Partners Group é construído de forma diferente do resto da indústria. A empresa aproveita sua cultura diferenciada e sua abordagem operacionalmente orientada para identificar temas de investimento atraentes e para transformar empresas e ativos em líderes de mercado. Para mais informações, por favor visite www.partnersgroup.com ou siga–nos no LinkedIn.

Contatos para a imprensa

Akur8
Vera Buttinger
Marketing Director
[email protected]
+33 7 66 31 47 58

One Peak
Lauren Sharman
Head of Platform
[email protected]
+44 7393 569004

Partners Group
Henry Weston
Communications Manager
[email protected]
+44 77 4876 0944

Fotos deste comunicado podem ser encontradas em:
https://www.globenewswire.com/NewsRoom/AttachmentNg/74999edf–41b0–4b6b–8dcf–799caaa22aac/pt
https://www.globenewswire.com/NewsRoom/AttachmentNg/1938a004–3cd3–4e5e–8426–95eae0d432f4/pt
https://www.globenewswire.com/NewsRoom/AttachmentNg/b992f447–2289–4df6–88f9–a21bb20e9d1e/pt


GLOBENEWSWIRE (Distribution ID 9230614)

Akur8 Secures $120 Million in Series C Round to Accelerate Growth of its Next Generation Actuarial Platform

PARIS and LONDON and NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) — Akur8, the machine learning–powered insurance pricing and reserving platform, announced today that it has secured $120 million in series C funding, bringing its total raised investment to $180 million. This latest funding round was led by One Peak, a leading growth equity firm investing in software scale–ups, with participation from Partners Group, one of the largest firms in the global private markets industry acting on behalf of its clients, and historical investor Guidewire Software, Inc. (NYSE:GWRE). The new funding will significantly bolster Akur8’s ability to expand its product portfolio and fuel its growth in key global markets.

Developed explicitly for insurers, Akur8 has been revolutionizing non–life insurance pricing with transparent AI since 2019. Its cloud–based, fully integrated platform empowers insurers to price at unprecedented speed, directly influencing financial outcomes and enhancing risk assessments. With the recent acquisition of the Arius reserving platform (read PR), Akur8 further expands its product portfolio and customer base, amplifying the value delivered to insurance carriers worldwide.

The new funding will be used to:

  • Fuel product innovation: Akur8 will invest in R&D to enrich its insurance pricing platform with two new modules:
    (1) Optim, which enables insurers to determine the optimal insurance pricing strategy to meet their business objective, and
    (2) Deploy, Akur8’s new rating engine, enabling pricing teams to seamlessly bring their rates into production.
  • Drive growth by leveraging Akur8’s recent acquisition of Arius: As Akur8 enters the insurance reserving sector, it will strategically target new market segments and bridge the gap between reserving and pricing. With its deep expertise in SaaS and AI, Akur8 will fast–track the product development of the Akur8 Reserving platform.
  • Accelerate global expansion: In addition to R&D, this funding will be instrumental in driving Akur8’s strategic expansion into key growth markets, particularly in North America. By strengthening its foothold in this region, Akur8 will penetrate new customer segments and tailor its offerings to address the unique demands of these markets.

“We look forward to collaborating closely with our new investors One Peak and Partners Group, two leading investment firms that share our vision for innovation and excellence. With their support, we are committed to accelerating our product development efforts and staying ahead of industry trends to offer an unparalleled, integrated actuarial platform for insurers globally,” stated Samuel Falmagne, CEO and Co–Founder of Akur8.

Brune de Linares, Chief Client Officer and Co–Founder of Akur8, added: “This latest round of funding will empower us to better meet our customers' evolving needs, enhance their operational efficiency, and equip them with innovative tools to thrive in an increasingly competitive insurance landscape. We are excited about the growth opportunities and advancements this investment will unlock for our continued success.”

Humbert de Liedekerke Beaufort, Co–Founder and Managing Partner of One Peak, said: “Akur8 offers a truly unique cloud–based end–to–end actuarial platform, which leverages proprietary machine learning algorithms to inject speed and accuracy to insurers’ pricing process, whilst ensuring full transparency, auditability and control over the models created. We have been particularly impressed by Akur8’s user–friendly interface, ease of deployment, and reputation among the world’s leading insurers for its outstanding customer service. We look forward to working closely with Akur8’s seasoned executive team as they chart the next chapter of the company's global expansion, market leadership, and innovation journey.”

Pierre Curis, Private Equity Technology, Partners Group, comments: “Akur8 has developed a differentiated, next–generation pricing platform that benefits from the increasing push for sophistication among insurers and from the growing adoption of new technologies. We are excited to support an ambitious management team committed to innovation and customer satisfaction as they embark on this next exciting phase of growth.”

Walter Billet Avocats acted as legal advisor for Akur8 in this transaction and has been advising the company since its creation. Perella Weinberg Partners served as financial advisor for Akur8 in this transaction.

About Akur8
Akur8 is transforming the non–life insurance industry with its innovative suite of pricing and reserving solutions.
Our Next Gen Pricing and Reserving Platform combines cutting–edge technology with actuarial excellence to drive business value, bringing speed, performance, transparency, and reliability to insurers of all sizes.
Akur8 serves 250+ customers across 40+ countries, including AXA, Generali, Munich Re, MAPFRE, HDI, Tokio Marine, and MS&AD. Over 3000 actuaries use Akur8 daily to build their pricing models and reserving projections across all lines of business.

About One Peak
One Peak is a leading specialist growth equity firm with $2.0 billion in assets under management that invests in technology companies in the scale–up phase. One Peak provides growth capital, operating expertise, and access to its extensive network to exceptional entrepreneurs, with a view to help transform innovative and rapidly growing businesses into lasting, category–defining leaders. In addition to Akur8, One Peak’s investments include Ardoq, Coro, Cymulate, Deepki, Docplanner, Keepit, Lucca, Neo4J, Pandadoc, Spryker, and many more. To learn more, visit www.onepeak.tech.

About Partners Group
Partners Group is one of the largest firms in the global private markets industry, with around 1,800 professionals and approximately USD 150 billion in assets under management. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties. With its heritage in Switzerland and its primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry. The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to build businesses and assets into market leaders. For more information, please visit www.partnersgroup.com or follow us on LinkedIn.

Media Contacts:
Akur8
Vera Buttinger
Marketing Director
[email protected]
+33 7 66 31 47 58

One Peak
Lauren Sharman
Head of Platform
[email protected]
+44 7393 569004

Partners Group
Henry Weston
Communications Manager
[email protected]
+44 77 4876 0944

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/74999edf–41b0–4b6b–8dcf–799caaa22aac

https://www.globenewswire.com/NewsRoom/AttachmentNg/1938a004–3cd3–4e5e–8426–95eae0d432f4

https://www.globenewswire.com/NewsRoom/AttachmentNg/b992f447–2289–4df6–88f9–a21bb20e9d1e


GLOBENEWSWIRE (Distribution ID 9230614)