Founded with a long-term, credit-first approach to specialty finance, Rizz Lending combines disciplined institutional underwriting with technology-enabled workflows, AI-driven analytics, and e-commerce-style origination and servicing. This approach enables the company to finance vehicles and borrowers that often fall outside the scope of traditional auto lenders while delivering certainty of execution, conservative credit structures, and fast funding—key advantages in a niche where asset expertise and reliability are paramount.

“The closing of our $300 million warehouse facility marks an important milestone for Rizz Lending,” said Brad Bonham, Co-Founder and Chief Executive Officer of Rizz Lending. “Our team brings decades of experience across specialty finance, structured credit, and high-value automotive assets. By pairing that expertise with a data-driven platform and technology-enabled execution model, we’ve built a scalable platform designed to deliver consistent outcomes for dealers, borrowers, and capital partners.”

Based in Riverton, Utah, Rizz Lending partners with dealers and customers to provide flexible financing solutions for specialty vehicles. With expanded funding capacity and a growing licensed footprint, the company plans to continue selectively onboarding dealer partners and referral relationships aligned with its credit philosophy, operational standards, and long-term growth strategy.

As part of the investment, Justin Wisz, Partner at Thicket Ventures, has joined CurrentClient’s Board of Directors.

“We are thrilled that our company received the validation of such a well-respected investor as Thicket Ventures and that Justin has joined our board of directors,” said Dustin Belliston, Founder and Chief Executive Officer of CurrentClient. “This investment allows us to significantly support our growth as we seek to improve the way advisors communicate in real-time with modern clients. My co-founders Andrew Clark, Jeff Hutchins and I are excited for the growth opportunity this funding provides our company and our clients.

Since 2021, regulators have fined dozens of firms more than $2.7 billion for violations of federal securities laws involving off-channel communications. CurrentClient is redefining how advisors communicate with clients amid this environment by offering a compliant, integrated, and intuitive phone and messaging system designed specifically for registered investment advisors and financial planners. CurrentClient’s platform has quickly gained traction among advisors seeking to streamline communication, reduce compliance risk, and deliver a more modern client experience.

“Thicket Ventures invests in companies that will be critical to the foundational architecture of the financial services industry,” said Wisz. “CurrentClient is building the communication infrastructure that solves a difficult and costly problem for thousands of financial advisors. We’re excited to help accelerate that mission.”

CurrentClient also announced that Austin Guest has joined the company as Head of Sales. As the former head of sales at FINNY, Guest brings extensive experience scaling go-to-market teams in fintech and advisor-focused SaaS, with a track record of accelerating adoption among RIAs, broker-dealers, and enterprise wealth platforms.

“Austin’s experience and expertise in the financial advisor space is precisely what we need as we take CurrentClient to the next level,” Belliston said. “We are excited in what the combination of our new investment and Austin’s leadership will bring as we scale.”

About CurrentClient

CurrentClient is the modern communication platform for financial advisors, offering a compliant, integrated, and intuitive phone and messaging system designed to eliminate friction and enhance client engagement. Founded in 2022, the company is headquartered in Provo, Utah.

The funding will enable Rasa to expand its leadership team, accelerate product development, and scale its affordable criminal record sealing and expungement services across America.

Founded by attorney, former public defender, and access-to-justice advocate Noella Sudbury, Rasa leverages technology to streamline criminal record sealing and expungement services under applicable state laws, to the 1 in 3 Americans struggling with a criminal record. Since launching its platform in September 2022, more than 26,000 people have used Rasa’s tools to understand what is on their record and determine eligibility for clearance. To date, over 5,000 cases have been successfully cleared through Rasa’s services.

Originally launched in Utah, Rasa now operates in Utah, Arizona, and Pennsylvania, with plans to expand nationwide. It was the launch in Pennsylvania—with an initial focus on Pittsburgh—that helped attract investment from the Richard King Mellon Foundation, which works to advance prosperity across the region.

“I started this company four years ago, with a dream to build an app to help people clear their criminal records and access new opportunities in life,” said Sudbury, Founder and CEO of Rasa Legal. “This fundraise is a key milestone for our company, and I am excited to see how these new strategic partners and dollars will help us scale our impact across America.”

Investor Perspectives

“Rasa sits at the intersection of education, workforce access, and justice,” said Amy Nelson, Partner at Rethink Education. “By combining technology with legal expertise, the team is building scalable infrastructure that removes barriers to education, employment, and opportunity. We’re proud to lead this round and support their national expansion.”

Jesse Draper, founding partner of Halogen Ventures, said: “Roughly thirty percent of Americans have a criminal record, representing a significant and often overlooked portion of our country’s people. Helping people clear their records and get into the workforce strengthens our economy and reduces homelessness and recidivism by giving people lawful pathways to support their families and rebuild their lives. Rasa Legal is positioned as the most credible technology to tackle this issue and Halogen couldn’t be more excited to double down on this investment.”

Vinesh Kapil, Director of Impact Investments for Social Finance adds, “We aim to put capital to work in ways that expand opportunity and create measurable, positive outcomes for individuals and communities. Rasa Legal’s technology-enabled approach to record clearance directly addresses one of the greatest barriers to economic mobility — access to meaningful career pathways.”

Proven Traction and National Recognition

Rasa’s platform includes a mobile-friendly eligibility tool that provides instant legal information about a person’s criminal record and potential eligibility for sealing or expungement under state law. Beyond record clearance services, the platform has the capability to connect users to scholarships, education, health insurance, and fair chance hiring opportunities.

The company’s technology has been highlighted by the American Bar Association and recognized by the American Legal Technology Awards as the Best New Legal Tech Startup in America. Rasa has partnered with NBA teams to power community record clearance clinics and has worked alongside employers such as Flagger Force to connect individuals with records to fair chance hiring opportunities and record clearance support.

Sudbury, a former public defender, previously led Utah’s successful Clean Slate campaign, resulting in automated record clearance relief for more than 500,000 Utahns. Her work has been recognized locally and nationally. Noella was named Woman of the Year by Utah Business Magazine and selected by Inc. Magazine as one of the Top 200 most dynamic female founders in America. Noella is a passionate advocate for using technology to bridge the access-to-justice gap, which she notably shares in an October 2024 TedX Talk.

Scaling Impact

It is estimated that 1 in 3 Americans–close to 100 million people–have a criminal record, creating barriers to employment, housing, education, and economic stability. Many are legally eligible for record clearance but lack affordable, accessible legal support. While having a criminal record holds people back long after their time in the justice system, clearing a record has an almost immediate transformative impact, especially when it comes to jobs. People without records are 63% more likely to get a job interview and average wages go up by over 20% within one year of record clearance.

“This round gives us the fuel to move from proving the model to scaling it,” Sudbury added. “We believe technology can dramatically expand access to justice and new opportunity — and this is just the beginning.”

About Rasa Legal

Rasa Legal is a mission-driven legal technology company making simple and affordable record clearance a possibility for everyone. Through innovative tech and AI tools and a streamlined legal process, Rasa’s lawyers provide criminal record sealing and expungement services in Pennsylvania, Utah, and Arizona, with plans to scale nationwide. Since launching in September 2022, more than 26,000 people have used Rasa’s tools, and over 5,000 have successfully cleared their records. Rasa’s platform also connects platform users to jobs, housing, and health care resources. For more information, or to check eligibility for sealing or expungement services, visit rasa-legal.com.

Founded by repeat fintech entrepreneurs, Jump has rapidly become the fastest-growing wealthtech software application in industry history, scaling from zero to 27,000 advisors in less than two years since launch – and now adding more than 2,000 new advisors each month. Nearly one in ten U.S. financial advisors now uses Jump, making it a core platform across the industry – from independent advisors and enterprise Registered Investment Advisors (RIAs) such as Focus Financial Partners, Integrated Partners and Merit Financial Advisors, to independent broker-dealers including LPL Financial, Osaic and Cetera, as well as financial institutions like Allianz Life and Manulife. Jump’s seven-time award-winning AI-native technology has processed a cumulative 183 continuous years’ worth of client meetings, completing millions of tasks for advisory, insurance and other financial services firms managing an estimated $12 trillion in assets for their clients.

“An enterprise RIA recently shared that Jump ranked number one among more than 40 AI pilots they ran last year in terms of delivering real advisor impact and measurable ROI for the firm,” said Parker Ence, co-founder and chief executive officer of Jump. “They saw not only Jump’s usual one to two hours saved per advisor per day, but also a meaningful increase in their overall organic growth rate. This new funding will allow us to invest aggressively in product research and development as we accelerate our vision for an AI-native operating system. We are grateful for the trust our customers, partners and investors have placed in us, and we are excited about the days, months and years ahead.”

The new capital will fuel Jump’s next phase of growth, building on the success of its category-defining AI meeting assistant for advisors and expanding into a comprehensive intelligence and AI orchestration layer tailored for modern advisory firms. Jump is widely recognized for its intuitive workflows, extensive integrations, ease of adoption by advisors and full compliance and configurability – making it ideal for enterprise deployment with robust compliance and data controls.

“We believe Jump is defining the category for AI in financial services,” said Crissy Behrens, managing director at Insight Partners. “The team has demonstrated exceptional product velocity, strong enterprise traction and a clear product vision for where AI is headed in wealth management and beyond. We believe Jump’s clarity of purpose, as well as its focus on real advisor needs, well position the company to shape what comes next for the industry.”

Over the coming year, Jump plans to apply these same product principles across a growing number of high impact workflows aimed at solving three fundamental challenges faced by financial services firms: operational friction, organic growth and client experience. Simultaneously, Jump is accelerating product innovation beyond automation toward a broader suite of agentic, insight-driven AI capabilities that can proactively identify opportunities, risks and next best actions for advisors – backed by enhanced enterprise-grade functionality designed for complex firm structures and large-scale deployments.

“The power of AI presents an opportunity for financial professionals to enhance their operations to better serve their clients,” said Eric Thomes, chief distribution officer at Allianz Life. “Jump is focused on the type of practical, advisor-first innovation that can help financial professionals today and in the years ahead.”

Jump’s proprietary insights and capabilities were recently showcased in the company’s inaugural Insights Report, which highlights how advisors are using AI to save time, enhance client engagement and scale their practices. To learn more about Jump and how it is helping advisors and firms thrive in the age of AI, visit jump.ai.

About Jump

Jump is the leading AI assistant and intelligence engine built for financial advisors and other financial services professionals. Founded in 2023, it delivers 20+ AI-powered features that reduce busywork—automating meeting prep, note-taking, recaps, follow-ups and CRM updates—and surfaces growth insights, while embedding industry-leading compliance. With 27,000+ advisors on the platform and top advisor satisfaction ratings (including #1 in advisor satisfaction and adoption according to the 2025 T3/Inside Information Software Survey and 2025 Kitces Report On Financial Advisor Technology Use), Jump is the category leader in advisor-AI.

Deeply integrated, fully customizable and built with compliance at its core, Jump empowers firms to elevate the advisor-client experience in the age of AI, without compromising regulatory rigor. Learn more at jump.ai.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 875 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

🐝 Explore career opportunities building AI tools for financial advisors and modernizing financial workflows — Beehive Jobs

Ollin was founded around a focused thesis: the next generation of enduring software companies will be AI-native from day one, built around proprietary data loops, disciplined capital deployment, and early evidence of real market demand. The firm targets founders building defensible, scalable businesses with the potential to define categories inside their verticals.

“We’re in a moment where AI is evolving incredibly fast,” said Tom Wilkinson, Founder and Managing Partner at Ollin Ventures. “The companies being formed right now have a structural advantage because they’re building AI into the foundation of their products, not trying to bolt it on later. We’re seeing teams of two reach multi-million-dollar ARR in under six months. That level of capital efficiency simply wasn’t possible in prior cycles.”

As Utah’s venture ecosystem has matured, many of the state’s more established firms have raised larger funds and shifted toward investing at later stages. That evolution has created an opportunity at the pre-seed level, a gap Ollin was designed to fill.

The firm collaborates closely with later-stage investors across the region. Larger funds frequently share promising companies that are too early for their mandate, and Ollin partners with those founders at inception, helping invest in, incubate, and mentor them through early product-market fit. As those companies mature, Ollin works alongside those same later-stage firms as they lead subsequent rounds.

“When you back the right founders early, the impact compounds,” said Stephen Smith, Co-Founder and General Partner at Ollin Ventures. “You’re helping create meaningful opportunities for employees, delivering real value to customers, and elevating Utah as a place where enduring companies are built. Venture, at its best, is a catalyst for positive impact and that’s what motivates us.”

Brady Harris, General Partner at Ollin Ventures, brings a long-term capital markets perspective to the firm. Over his career, Harris scaled four companies from early revenue stages to $100–$200+ million in revenue and sold each to private equity firms. He also serves on multiple advisory boards for later-stage funds.

“Having built and exited multiple companies, I’ve seen firsthand what private equity and later-stage investors are looking for,” Harris said. “Staying close to those markets allows us to recognize early which companies are building the kind of revenue quality, defensibility, and operational discipline that sophisticated capital will value down the road.”

Several of Ollin’s portfolio companies are already demonstrating revenue traction, enterprise adoption, and follow-on financing. With Fund I closed and additional investments planned, the firm expects to begin early conversations around Fund II later this summer.

Ollin remains focused on partnering with disciplined founders building AI-native software companies designed to endure.

Unlike traditional venture rounds, this funding came from the leaders of restaurant brands who believe deeply in Ovation’s mission and impact. These customers invested in a platform they already rely on and believe will resonate with their peers across the industry.

“This is the most meaningful capital we could raise–especially since we didn’t start with the intent to raise. We just had enough customers reach out to invest so we put this small, but significant, round together,” said Zack Oates, Founder and CEO of Ovation. “When the people using your product every day choose to invest their own money, that’s the ultimate validation. It tells us we’re building something that truly matters to operators and is an honor.”

Zack Oates, Founder and CEO, Ovation

One of those operators is Jim Bitticks, the CEO of Dave’s Hot Chicken, who says the decision to invest was a natural extension of the value Ovation delivers.

“Ovation doesn’t feel like another piece of restaurant tech—it feels like a partner,” said Jim. “We see the impact in our guest relationships, our online reputation, and our ability to fix issues before they turn into lost guests. Investing in Ovation was an easy decision because we believe in what they’re building and how closely they listen to operators like us.”

Jim Bitticks, CEO, Dave’s Hot Chicken

Kyle Archer, Owner and Chief Financial Officer of Elevated, Inc., the largest franchise operation of Cheba Hut, explained:

“I invested in Ovation because it gives us clear, real-time insight into what guests are experiencing at the store level and the ability to act on it immediately. It’s become a critical part of how we protect our brand and keep guests coming back.”

Kyle Archer, Owner and CFO, Elevated, Inc.

The customer-led round reflects a growing trend in SaaS toward founder- and customer-aligned growth, where companies prioritize long-term value creation over short-term hype. For Ovation, the partnership represents their internal mantra that they are not a technology company selling to the hospitality industry, but a fellow hospitality company selling technology.

Funds from the round will be used to accelerate product innovation, expand Ovation’s AI-driven insights, and continue building tools that help restaurant teams turn guest feedback into measurable business outcomes—without losing the human connection at the heart of hospitality.

About Ovation

Ovation is a guest experience and reputation management platform for multi-unit restaurants. Thousands of restaurants, including over 1,000 brands like Swig, Dave’s Hot Chicken, Cheba Hut, The Great Greek, and MOOYAH, use Ovation to collect more feedback, recover guests through real-time communication, boost online reputations, and improve operations with AI-driven insights.

This Series C positions Zanskar for rapid growth by enabling the company to advance its gigawatt-scale pipeline through a historic geothermal exploration and development campaign. Zanskar will spearhead one of the largest ever expansions of American geothermal power supporting construction on multiple geothermal power plants throughout the Western U.S., which are slated to begin delivering power before 2030. Zanskar will also expand its industry leading discovery platform and exploration drilling programs, and establish new relationships with strategic partners and customers.

This round marks the largest venture investment to date into AI-enabled discovery of geothermal resources, signaling a decisive shift in market confidence toward the commercial potential of undiscovered, naturally-occurring geothermal systems. By uncovering gigawatts of new geothermal potential in just a few years, and at a fraction of the traditional cost, Zanskar has proven that high-grade natural systems aren’t rare: they are just hidden. This disrupts conventional thinking that these systems are too risky or too constrained to develop at any meaningful scale, and sets the stage for rapid growth in the geothermal sector.

“We started Zanskar with the belief that AI would have as profound an impact on geothermal cost and scalability as modern drilling technologies have. It would do so by enabling us to find more hidden geothermal systems, and to produce more power from each of those systems, than legacy models assumed. The result is a terawatt-scale opportunity,” said Carl Hoiland, CEO and Co-founder of Zanskar. “We’ve already confirmed multiple large, previously unknown geothermal resources across the Western U.S., and deeper drilling has validated that these systems can produce far more energy than expected. Thanks to the support of forward-thinking investors across energy, infrastructure, and technology, and the exceptional progress of our world class team, we are ushering in a new wave of clean, firm, geothermal power.”

Zanskar’s AI-native platform is a unified operating system for geothermal discovery and development that lowers discovery costs and increases the size of each geothermal field. Zanskar’s unique approach of marrying boots-on-the-ground geoscience with custom built software and AI tools has empowered Zanskar to collapse discovery timeframes and costs relative to industry best practices. This has firmly established Zanskar as the leading geothermal exploration company.

“Spring Lane is excited to lead the Series C financing for Zanskar and join the Board of the company,” said Jason Scott, Partner and Entrepreneur in Residence, Spring Lane Capital. “We are eager to support Zanskar because we believe there is a near infinite demand for firm, clean power around the world right now and geothermal energy is one of the only immediate ways to serve this enormous market. Zanskar is unique in that they have identified more geothermal anomalies in North America than any other company in decades. We believe that Spring Lane’s financial and operational support will enable them to rapidly develop enormous amounts of geothermal capacity, initially across the Western US.”

“The world class team at Zanskar is exactly what this country needs: fast, disciplined and very effective,” said Andrew Beebe, Managing Director at Obvious Ventures. “They are positioning geothermal to be one of the cheapest, cleanest and safest energy sources in America—right when we need it most.”

“We’ve always been inspired by the early, legendary explorers that came before us. Their resourcefulness and unfailing optimism laid the groundwork for discovery today. We like to think they’d be proud to see how we’ve resurrected and accelerated grassroots exploration with big data, modern computing, and more efficient field data collection, resulting in a pace of discovery not seen before,” said Joel Edwards, co-founder and CTO of Zanskar. “The resources we need are out there, hidden within the Earth’s crust, and we’re working hard to find the most exceptional hotspots to build a new era of geothermal energy, starting in the United States”.

As the U.S. races toward meeting demand for baseload power, and hyperscalers seek out clean, firm power for their data centers, Zanskar is positioned to deliver gigawatts of power—proving AI has the ability to help meet its own power demands. As it builds out geothermal power plants across the U.S., Zanskar seeks out engineers, developers, financers and others to join the team to help discover and deliver geothermal power at a pace, scale, and cost that solves energy, forever.

About Zanskar

Zanskar is the first AI-native geothermal energy company using AI to transform how we find, assess, and deliver geothermal energy. Combining artificial intelligence, modern drilling, and computational geoscience, Zanskar is expanding the frontier of American geothermal discovery, unlocking value from hidden, forgotten, or underutilized geothermal fields. Following the historic turnaround of Lightning Dock in New Mexico, now the site of the most productive pumped geothermal well in the United States, and record-breaking discoveries at Pumpernickel and Big Blind in Nevada, Zanskar is showing that geothermal can be predictable, profitable, and massively scalable. Zanskar is actively deploying this model across a growing portfolio of newly discovered or overlooked sites to develop, build, own, and operate high-grade geothermal assets as a foundational component of the modern grid. Learn more: zanskar.com

🐝 Join Zanskar’s team advancing geothermal energy and building sustainable energy solutions. — Beehive Jobs

“Paramify has become the platform of choice for organizations that prioritize transparent, excellent risk management over superficial compliance and ‘security theater’,” said Kenny Scott, Founder and CEO of Paramify. “Our growth — more than 4x year-over-year — has been driven almost entirely by organic customer demand and the strength of our product. With this investment, we will scale both the product and our team to meet that demand and continue delivering the automation, control, and speed that enterprise GRC teams have been asking for.”

The company’s platform is widely adopted across federal and highly regulated environments, supporting a broad set of frameworks including FedRAMP, CMMC, FISMA, and other federal and commercial standards. Today, Paramify serves more than 150 enterprise organizations, ranging from global technology leaders to hyper-growth innovators, including Cisco, Palo Alto Networks, Elastic, Ramp, and xAI. Many top advisory and assurance firms, including Coalfire, Schellman, A-lign, and Steel Patriot Partners, also partner with Paramify to scale faster while improving compliance and risk management for their customers.

“Paramify has fundamentally improved how Axon runs its compliance program,” said Colton Bohn, Senior Security Engineer at Axon. “Automation, built-in controls, and continuous product expansion have delivered significant efficiency gains and are helping our teams operate at scale.”

With the additional capital, Paramify will accelerate development to simplify and automate risk management and compliance across commercial (SOC 2, PCI DSS, HITRUST, HIPPA), government (FISMA, DoD ATO, GC Security Control Profile), and international frameworks (ISO 27001), for both small and complex enterprise-level organizations.

“Paramify has become an important partner in enabling faster, more predictable federal and enterprise compliance outcomes for our clients,” said Karen Laughton, Executive Vice President, Advisory at Coalfire. “Their technology eliminates the friction, rework, and ambiguity that have historically slowed down complex engagements. Working with Paramify allows our teams to deliver higher-quality results in less time, which is a benefit both to our clients and the broader compliance ecosystem. We are excited to support their continued growth.”

Expanding Beyond Federal Compliance

Paramify’s mission is to make enterprise risk management accessible, efficient, and repeatable for organizations operating across multiple frameworks, systems, and product environments. Preparing for federal authorization has traditionally required months, or even years, of manual documentation and evidence gathering. Customers using Paramify have demonstrated the ability to produce high-quality, audit-ready materials in a fraction of that time, in some cases drafting a complete authorization package in only a few hours.

With the additional capital, Paramify will accelerate development across three core areas:

• Enterprise Risk & Issues Management - Simplify and automate risk management across business units, products, and frameworks — including commercial (SOC 2, PCI DSS, HITRUST, HIPPA), government (FISMA, DoD ATO, GC Security Control Profile), and international frameworks (ISO 27001) — in one easy-to-manage platform.

• Continuous Monitoring - enabling ongoing assessment, triage, and resolution of issues across complex operating environments.

• Automated Evidence Operations - Delivering automation in ways that meet enterprise security expectations, without the risks introduced by invasive third-party data collection models.

Paramify will also expand support for commercial, international, and AI-focused frameworks, enabling organizations to manage an increasingly wide and demanding compliance landscape from one platform.

About Paramify

Paramify is the leading enterprise Risk Management platform for GRC professionals, consultants, and advisory firms, using automation and AI to eliminate the paper chase and manual tasks in frameworks like FedRAMP, CMMC, DoD Impact Levels, GovRAMP, SOC 2, and more — cutting compliance work from months to hours. Founded in 2022, Paramify powers hundreds of enterprise programs, including over 20% of the FedRAMP Marketplace, and is trusted by top GRC consulting and advisory organizations as the go-to platform for delivering faster, higher-quality outcomes. Learn more at www.paramify.com.

About Moore Strategic Ventures

Moore Strategic Ventures, LLC is the privately held investment company for Louis M. Bacon, Founder and CEO of Moore Capital Management, LP.

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The proceeds from the transaction will be used to accelerate Pronto’s sales and growth initiatives and its pipeline of new product functionality and technology integrations.

“Corporations and higher education institutions have an increasingly urgent need to provide safe and secure instant communication and collaboration to front-line employees and students who are on the go. Pronto is focused on meeting this need through its easy-to-use team communications platform,” said Pronto Co-Founder and CEO Zach Mangum. “SEVA’s investment will allow us to expand our footprint and product offerings to help our customers make their organizations as effective and responsive as possible. We are excited to partner with the SEVA team on the next stage of our growth.”

Since launching in 2018, Pronto has become the preferred secure team communications platform for hundreds of top enterprises and educational institutions, such as Marriott Hotels, Chick-Fil-A, and California Community Colleges. Pronto’s mobile-first design replaces traditional email and texting for front-line, deskless employers and their teams in field services and hospitality. Instructors and students at educational institutions also extensively use Pronto’s services. The Pronto platform centralizes communications and enables better collaboration through the exchange of private and secure messaging, video, file sharing, and instant translation on mobile devices.

Shalin Mehta, SEVA Founder and Managing Partner, will also join Pronto’s Board of Directors as part of the transaction. The investment is being made through SEVA I LP.

“Pronto’s compliant and intuitive platform has made it easy for employers and university faculty to collaborate and improve engagement with their front-line employees and students, respectively, while ensuring enterprise-grade security, privacy, and accountability,” Mehta said. “We are excited to support Zach and his team as they continue to build upon Pronto’s momentum.”

Pronto is the fourth investment for SEVA. The firm’s previous investments include Chicory, Teleskope Technologies, and TitanFile.

The terms of the transaction were not disclosed.

ABOUT PRONTO

Pronto is the leading secure team communications platform for front-line employers and higher education institutions. No fancy syntax or confusing hashtags, just seamless communication so everyone can learn faster and work smarter. With auto-translation, group messaging and file sharing capabilities, Pronto makes having your voice heard and understood easier than ever.

Pronto is based in Lehi, Utah. To learn more, please visit pronto.io

ABOUT SEVA

SEVA is a growth equity firm exclusively focused on serving customer-centric founders building fast-growing, profitable, founder-led, internet, software, data, marketplace, and technology-enabled services companies.

SEVA is based in Brooklyn, NY. To learn more, please visit sevagrowth.com

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This Series B comes less than two years after 401GO’s $12M Series A fundraising round, underscoring continued investor conviction in the company’s fully in-house retirement infrastructure.

The investment will expand 401GO’s embedded partnerships with Human Capital Management providers, financial institutions, and financial advisors while scaling the company’s team, product offerings, and end-to-end technology.

Unlike providers that depend on legacy recordkeeping engines and third-party compliance tools, 401GO’s unified system delivers consistent payroll integrations and holistic service to partners, resulting in a more frictionless experience for plan sponsors.

“We believe the market is demanding reliable 401(k) solutions, not fragmented systems built on a mix of old vendors, which is the way other fintech providers have approached this challenge. We are now scaling our in-house technology to meet that demand across the entire partner ecosystem,” said Dan Beck, CEO and co-founder of 401GO. “This is why we believe we offer a compelling service at a price point others struggle to compete with; we own our platform while others rent theirs.”

In leveraging its unique value to partners, 401GO has grown to serve over 5,000 customers, 50,000 participants, and manage more than $1B in assets, and is now the fastest organically growing retirement provider in the U.S., according to data from 2024 and 2025 PlanSponsor surveys*.

“At Centana, we invest in companies that we believe are reshaping essential financial infrastructure, and we believe 401GO has taken a differentiated approach to the wealthtech space with its integrated platform,” said Ben Cukier, Partner, Centana Growth Partners. “We’re excited to support Dan and the entire 401GO team.”

The retirement market is expanding rapidly, driven by SECURE Act mandates and the rise of state programs, with total 401(k) plans less than $5M in assets expected to rise from 600,000 to over one million by 2029**. This supports data from PlanSponsor Surveys that indicates small plans are leading the industry growth with a 17% annual rate since 2021***, yet traditional platforms weren’t designed for the needs of this segment. 401GO’s approach is designed to respond to this new era of fast regulatory and market change.

About 401GO
401GO is a leading fintech company that is modernizing 401(k) plans with its fully-owned technology. Through its innovative blend of cutting-edge technology and personalized human support, the company is empowering individuals to secure their financial futures with confidence while enabling financial advisors, payroll providers, and HR teams to deliver retirement plans seamlessly. With a commitment to empowering individuals to secure their financial futures, 401GO stands out in the competitive fintech sector by offering a unique approach that marries advanced technological solutions with a high-touch, partner-based model. This hybrid model ensures that customers receive the benefits of state-of-the-art digital tools alongside the guidance and support of seasoned retirement experts. For more information, visit 401go.com.

About Centana Growth Partners
Centana Growth Partners is a specialized growth equity firm that invests in the future of finance. Centana collaborates with companies across the entire financial services ecosystem, from institutions to fintech disruptors, to add strategic and long-term value to their portfolio companies. Centana empowers entrepreneurs with a combination of capital, network, and expertise to accelerate their growth. The Centana team taps into decades of financial services expertise and insight to invest in companies that bring real value and innovation to the industry. Visit centanagrowth.com for more information.

🐝 Help 401GO build modern retirement and benefits software that simplifies plan administration — Beehive Jobs

DoD Accelerator fund made the investment.

The company intends to use the funds to support rapid production of both the Dragonfly Unmanned Aircraft and the Deployable Communications Kits, and expand field operations.

Led by President Michael Baxter, Baxter Aerospace operates at the intersection of edge connectivity, unmanned aerial systems, and precision manufacturing. The company’s current efforts center around:

• Precision components for energy systems – Leveraging its vertically integrated factory, Baxter also manufactures bespoke, ultra-high-reliability components for the fusion and nuclear energy sectors, serving customers in defense and critical infrastructure.

• Deployable communications kits – The company is provisioning aircraft and field-deployed platforms with broadband satellite communications systems to support austere operations across firefighting, disaster response, and defense missions. These systems incorporate compact, mobile terminals enabled by leading low Earth orbit (“LEO”) networks, procured through formal reseller agreements and operated on a wide array of U.S. government public safety use cases.

• BA-1 Dragonfly unmanned aircraft – A Group 3 VTOL (vertical takeoff and landing) unmanned aircraft (“UAS” or “unmanned aerial system”) purpose-built for persistent ISR (“intelligence, surveillance and reconnaissance”) and data relay, Dragonfly features vectoring, modular payloads, and over 12 hours of endurance. It supports situational awareness in comms-denied environments, aligning with new CONOPs across defense and public safety operations.

Additional investors include Pluralsight co-founder Aaron Skonnard and Lucid co-founder Karl Sun. Both Skonnard and Sun helped build Utah-based companies that achieved global scale and cemented the region as a hub for enterprise technology innovation. Skonnard and Sun will provide mentorship and ongoing support to Mindsmith as the company enters its next stage of growth. In addition to his investment, Skonnard has also been named to Mindsmith’s board of directors.

AI Solutions to Create Better e-Learning Outcomes

Mindsmith enables organizations to create high-quality, instructionally sound e-learning experiences up to 12 times faster than traditional methods. The company’s AI-native authoring platform empowers learning and development (L&D) teams to transform existing content into beautiful and impactful interactive training experiences that drive measurable results without sacrificing quality or budget.

“We built Mindsmith so teams can quickly create more powerful and engaging learning programs that drive real business impact. By turning static content into dynamic, instructionally grounded courses in minutes, L&D teams can focus on more strategic and ambitious projects without sacrificing valuable time and budgetary resources,” said Zack Allen, co-founder and CEO of Mindsmith. “Our platform is where intelligence meets instructional integrity, allowing teams to leverage AI throughout every step of the process to lean into their professional workflow and make content that produces results.”

Speed with Real Learning Impact

Mindsmith’s technology is built on the belief that speed means nothing without substance. Every output is grounded in modern learning science to ensure higher engagement, stronger retention, and measurable behavior change. Built-in analytics give L&D leaders the insights they need to track performance and continuously improve their content over time.

“Speed is meaningless if the learning doesn’t stick,” said Ethan Webb, co-founder of Mindsmith. “AI’s promise isn’t just faster content creation, it’s smarter content creation. Similar to popular tools like Canva or Miro that make visual creation and collaboration more intuitive for all users, Mindsmith brings that ease to corporate training materials. Our goal is to help companies create training that actually changes behavior and improves long-term performance. When intelligence meets instructional integrity, companies can finally scale training that changes performance.”

Enterprise Ready and Built to Scale

Mindsmith is built for enterprise learning environments, with SOC 2 certification, cloud-native architecture, and real-time collaboration. Customers, including Laing O’Rourke, Gaylor Electric, Hubspot, and multiple Fortune 500 companies, use Mindsmith to accelerate global learning programs. Inspired by many of today’s most popular and well-used AI intuitive design tools, the Mindsmith platform combines enterprise-grade security and scalability with a modern, intuitive user experience. Mindsmith customers hail from a number of industry sectors, including energy, oil and gas, manufacturing, technology, IT services, hospitality, finance, insurance, retail, and cybersecurity.

“Mindsmith has been a significant upgrade over the legacy e-learning tools we used in the past. With an intuitive and easy-to-use approach to tackling course creation, Mindsmith has driven significant value for our team. We see Mindsmith as a key partner through every stage of course creation,” said Killian Vigna, Instructional Designer at Hubspot.

Mindsmith’s Dynamic SCORM packages and open integration framework connect seamlessly with existing learning management systems and enterprise platforms, reducing friction for learning teams and IT leaders alike. Real-time collaboration allows instructional designers, subject matter experts, and reviewers to build and refine content together in one shared workspace.

“Few companies at this stage experience the level of enterprise demand Mindsmith has generated,” said Erika Nash, Partner at Next Frontier Capital. “Companies are eager to move beyond outdated e-learning tools and adopt modern, AI-enabled solutions, and Mindsmith is leading that transition.”

“The Mindsmith team has achieved the rare balance between cutting-edge AI and deep learning design expertise,” said ChenLi Wang, General Partner at WndrCo. “Mindsmith’s AI platform solves a real, measurable pain point for L&D teams, and the market demand we’re seeing speaks volumes about the urgent need for this type of solution.”

Utah’s Next Workforce Learning Success Story

Mindsmith joins Utah’s growing lineage of successful e-learning and education technology innovators. The Mindsmith team includes a number of industry veterans from e-learning startups and the company plans to more than double its headcount over the next year as demand for its AI-native platform accelerates.

“Utah has a deep legacy of shaping the future of learning technology, and Mindsmith is poised to join the pantheon of great innovative companies that have come from the region. Mindsmith’s exciting AI platform unlocks a new era in content creation, where learning teams can move faster, think bigger, and focus on impact instead of process. Mindsmith represents the next leap forward in how organizations will build knowledge and develop their people,” said Aaron Skonnard, co-founder of Pluralsight and Mindsmith board member.

About Mindsmith:

Mindsmith is the AI-native authoring platform that helps organizations create high-quality, instructionally sound e-learning 12 times faster than traditional methods. By combining AI speed with proven learning science and enterprise-grade scalability, Mindsmith empowers teams to build engaging, effective, and scalable training programs that drive real outcomes. For more information, visit www.mindsmith.ai.

Crew previously raised $2.5 million in pre-seed funding led by Kickstart Fund, and has seen significant recent acceleration in growth, doubling its daily active users and debit card transaction volume in the past month. Crew’s mission to merge everyday banking with control and clarity uniquely positions it as a financial technology tool that helps people stick to their financial plan.

“Millions of people feel out of control financially, and existing solutions aren’t working for them,” said Gentry Davies, CEO and co-founder of Crew. “We believe your bank account, spending card, and budget should be a single cohesive experience, and that it should actually be delightful to use.”

Davies and co-founder Steve Domino were previously leaders at Divvy, where they helped scale the company from $10 million to over $400 million in revenue before its acquisition by Bill.com. “Crew is engineered for security and scale, without the complexity,” said Domino. “We built a banking experience that’s fast, reliable, and straightforward so people can manage money with confidence.”

Crew’s key features include:

• High-Yield Checking Account: Earn competitive APY on checking account balances.

• Proactive budgeting: Crew’s budgeting lives before the authorization, helping users control transactions before they happen.

• Unlimited Pockets: Divide your deposits up to reflect your budget.

• Debit card: Flexibly spend from your budget in real time. Just swipe right on a pocket to switch which pocket your card is spending from.

• Virtual Cards: Create unique card numbers for each of your bills, set monthly limits, and easily cancel them anytime.

• Paycheck automation: Split your paycheck automatically into your pockets to power your budget.

• FDIC Insured Deposits: Deposits held by Bangor Savings Bank, Member FDIC.³

About Crew

Crew Finance, Inc. is a Utah–based fintech company reinventing how consumers bank, budget, and save. Founded by former Divvy product leaders, Crew combines the best of budgeting and banking into one seamless platform. Deposits are FDIC insured through Bangor Savings Bank, Member FDIC.³

The app is available nationwide via the App Store and Google Play. New users can sign up at trycrew.com/download and use code SEED for a 0.5% APY boost¹ for 3 months.

Crew is a financial technology company, not a bank. Banking services provided by Bangor Savings Bank, Member FDIC. The Crew Mastercard® Debit Card is issued by Bangor Savings Bank, Member FDIC, pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circle design is a trademark of Mastercard International Incorporated. Spend anywhere Mastercard is accepted.

1. Annual Percentage Yield (APY) is variable and may change after account opening. The advertised 3.2% checking APY is accurate through Nov. 30, 2025 and may change at any time. There is no minimum balance or deposit required to obtain the advertised APY. Enter code SEED when signing up and fund your account by Nov 30, 2026 to boost your Crew Checking APY by 0.5% for three months.

2. National average interest checking rate of 0.07% and savings interest rate of 0.40% retrieved on November 4, 2025 from the FDIC National Rate Caps Home here, updated October 20, 2025

3. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions as described in our terms.

While the brand of Element Ventures may be new to Utah, its existing partnership, comprised of Jeff Danley, Jeff Burningham, and Jamie Dunn, has been investing in Utah for over a decade, raising multiple venture funds under the Peak Ventures name and backing many of the state’s most successful companies — including Divvy, Filevine, Podium, Owlet, Pura and dozens more.

“Sam fits perfectly with how we think about investing – practical, founder-first, and Utah-rooted,” according to Element Ventures co-founder Jeff Danley. “He understands what it takes to build and scale, has seen successful exits first-hand, and shares our long-term commitment to Utah’s success. We are thrilled to have him join Element Ventures, and we look forward to backing the next wave of standout founders and companies.”

Based in Salt Lake City, Sam will focus primarily on pre-seed and seed investments, while also maintaining the fund’s unique flexibility to participate in later-stage or cross-sector opportunities.

“Utah has a unique blend of cultural, educational, and entrepreneurial strengths that consistently produces outsized successes,” said Andersen. “I’m excited to help Element Ventures continue building on that foundation, supporting founders who are defining the next decade of innovation in our state.”

Sam brings deep experience across investment, growth, and operational strategy, having worked at the intersection of finance, venture capital, and technology throughout his career.

Element Ventures continues to expand its role in supporting the region’s startup ecosystem through early partnerships with high-potential founders and scalable platforms across the Mountain West.

Parallel also announced a $2.4 million seed round led by Night Capital and K5 Tokyo Black, with participation from Penny Jar Capital, Background VC, Mintaka VC, Path Ventures and strategic operators including Jeron Paul (Founder, Spiff), Jared Rodman (Co-founder, Weave), Colin Zima (Founder, Omni) and Alex Bean (Co-founder, Divvy). The capital will accelerate product development, expand the fractional CFO network, and deepen integrations that keep models live and audit ready.

For most early‑stage founders, finance is a constant tax: brittle spreadsheets, back‑of‑the‑napkin math, and expensive consultants for decisions that drive runway, hiring, and growth. The result is useless plans, stressful fundraises, and narratives investors do not trust. And start-ups making the same mistakes over and over again.

“Founders do not need another spreadsheet. They need an always current plan and a partner who can reason about tradeoffs,” said Renato Villanueva, Parallel founder and CEO. “Parallel combines finance agents that do the work with CFO judgment that stands behind the plan, so teams can move faster with confidence—from hiring plans to the next raise.”

How Parallel works

Parallel delivers a complete solution—software plus service—to make elite finance accessible:

• Always on model: Connects to QuickBooks and Puzzle to stand up a live, auditable forecast in minutes and keep it current.

• Finance agents: Embedded AI agents clean and map data, roll the model forward, run scenarios, explain variances in plain language, and draft board and investor materials.

• Expert oversight: A dedicated fractional CFO supervises the agents, validates assumptions, adds judgment, and takes responsibility for the plan.

Built to scale with you

Founder-led teams use Parallel’s AI native finance platform for runway modeling, headcount planning, and investor diligence. Onboarding is seamless: each team is paired with a fractional CFO who oversees the initial plan and adds judgment. As companies hire in house finance leaders, those teams continue using the same platform. With role based controls, audit trails, and live integrations, Parallel becomes the FP&A system of record from day one through scale—no tool switch required.

Early outcomes

“Due diligence finished without a single follow‑up financial question,” said Atul Raghunathan, founder of Hyperbound. “What usually takes weeks of back and forth happened in days, with complete investor confidence in our projections.”

“Parallel gave us the clarity and confidence to scale our sales team, timed to cash and targets, in a way we otherwise would not have,” said Caleb Hicks, founder of SchoolAI.

“Finance tools hours every week and we still didn’t have clear answers. Now we spend minutes on decisions we make with 10x the confidence.” - Ethan Whitehead, founder of Salesdraft.

What Parallel provides

• Always on model: Live, accurate forecast built in minutes and always up to date.

• Finance agents: Autonomous workflows for data hygiene, scenario modeling, variance explanations, and board packs.

• Expert strategic partnership: A fractional CFO to prep boards, manage fundraising data rooms, and pressure test decisions.

Parallel currently serves B2B SaaS companies from pre-seed through Series A and beyond. Learn more at getparallel.com.

The Road Ahead

Our vision is simple: finance should never be the reason a startup fails. With Parallel, every founder can have the clarity, confidence, and tools to make smarter decisions and close rounds faster.

This $2.4M seed is just the beginning, and we’re excited to build alongside the next generation of ambitious founders.

About Parallel

Parallel is the AI‑native forecasting platform that gives VC‑backed founders CFO‑level insight without building a finance team. By pairing embedded finance agents with fractional CFOs, Parallel delivers faster planning, proactive scenarios, and board‑ready reporting, so founders always know their runway and can operate with confidence.

See what Parallel can do for your startup? Get a Demo

Leading software investors with deep category expertise saw clear product-market momentum, accelerating AI adoption, and a durable business built over the course of the past decade. This cements Filevine as a category-defining legal technology platform built with AI and fully integrated into the operating system legal teams rely on daily. While fragmented tools create silos and provide limited or incorrect insight, Filevine delivers one holistic AI platform giving legal teams the scale, data, and connectivity they need to deliver real business impact. No other legal tech company natively brings together emails, text messages, deadlines, contacts, documents, deposition videos (and transcripts), phone logs, notes, tasks, audit logs, intake notes, and calendars to deliver case-critical and reliable intelligence like Filevine. Filevine’s advantage is context + adoption: AI is embedded in daily legal work and already delivering results. Filevine users upload more than 20 million pages of documents daily, underscoring the platform's scale and reliability.

The company has grown rapidly since its founding, with nearly 6,000 customers and 100,000 legal professionals using Filevine across boutique firms, government agencies and Fortune 500 enterprises. Filevine’s long history of taking care of customers is evidenced by over 96% gross retention of Filevine Core, its platform and flagship product, and boasts best-in-class customer retention and Net Dollar Retention over 120%.

Filevine will use proceeds from the raise to further its lead in serving litigators, attract top talent, and deepen its base of enterprise and government customers. With its scale, proprietary data, and embedded AI, the company is positioned to define the future of the legal technology market.

“Some early versions of legal AI forced lawyers to work in two systems: their systems of record and their AI tools. But that framework isn't what the market demands. Filevine embeds intelligence into the DNA of daily legal work, with the first true legal operating intelligence system. Every task a legal professional completes should be augmented with intelligence,” said Ryan Anderson, Founder & CEO of Filevine.

Rebecca Liu-Doyle, Managing Director at Insight Partners added: “Filevine has proven its ability to sustain tremendous growth while simultaneously capturing new opportunities and markets. We at Insight are highly impressed with Ryan and team, and we’re excited to double down with Filevine as they continue scaling into this next chapter.”

John Locke, Partner at Accel shared: “Filevine is tackling a problem that others are missing by developing a system of record where AI is seamlessly woven into every function, and scalable for small firms to enterprise operations. The company’s track record speaks for itself: consistent revenue growth, exceptional client retention, and a product that legal teams desperately need. We’re excited to back Filevine as they lead the legal tech space.”

Ryan Smith, Co-founder of Halo Fund, said: “During diligence, we saw Filevine's AI products have heavy daily usage, with over 20% week over weekgrowth in their cross-platform AI-chat tool. With about 130% YoY AI revenue growth, users told us they are deriving real value from Filevine's integrated AI products.”

For more information about Filevine's Legal Operating Intelligence System that will replace disparate systems and eliminate deficient data sets for legal teams, visit filevine.com.

About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2025, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 875 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has a global presence with leadership in London, Tel Aviv, and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

About Accel
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, CrowdStrike, Fiverr, Flipkart, Freshworks, Qualtrics, Scale, Segment, Slack, Spotify, Squarespace, Tenable, and UiPath are among the companies Accel has backed over the past 40+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or www.twitter.com/accel.

About Halo Fund
Halo Fund is an investment platform dedicated to fueling the growth of high-potential businesses. The fund helps companies accelerate by providing access to the arenas where attention and adoption scale fastest—the convergence of technology, sports, and entertainment. Founded by Ryan Smith and Ryan Sweeney—drawing on their experience at Qualtrics, Accel, the Utah Jazz, and the Utah Mammoth—the team brings decades of combined expertise as operators and investors in technology. This perspective positions Halo Fund to guide companies through today’s rapidly shifting business landscape. At its core, Halo Fund is built on a simple conviction: the drivers of sustainable growth have changed. Capital and connections alone are no longer enough. Success now depends on harnessing cultural momentum to break through barriers, define markets, and engage directly with the audiences that matter most. By partnering with visionary founders and high-growth companies, Halo Fund helps portfolio businesses capture attention, accelerate adoption, and scale with impact in an increasingly dynamic market environment. For more information, visit hxco.com or follow on X @haloxco.

🐝 Help Filevine streamline legal case management and document workflows — Beehive Jobs

The round was led by noa, with participation from Prologis Ventures, Johnson Controls, PSP Growth, Addition, NVentures, Keyframe, and Brookfield.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO Troy Harvey, PassiveLogic makes generative AI software for the built environment, enabling generative autonomy for things and universal real-time collaboration between teams by improving how them design, build, operate, maintain, and manage buildings and industrial systems as infrastructural robots. Its ecosystem includes its flagship product, Hive, which uses real-time physics-based digital twins and AI models to make independent, millisecond level decisions; Sense Nano, a wireless sensor for capturing occupancy and environmental data in real time; and Quantum Lens, a mobile app that lets users create a fully defined digital twin of any building using just a smartphone. Together, these tools support a scalable architecture that adapts seamlessly to new builds and retrofits alike across a wide range of facilities.

Tandem has made these investments through a combination of a $50M early-stage venture fund and over $58M in additional co-investments via SPVs. The firm’s hybrid approach allows it to support companies from idea through later-stage growth rounds. “This fund provides the capital to help founders cross the $10M ARR milestone with operational rigor and a high-touch support network. Plus, we also have capacity to follow on with $5M–$15M checks to give founders the resources to build beyond the $25M+ ARR benchmark,” says Tandem co-founder McKay Dunn.

“Reaching this milestone validates our belief in the next generation of founders—particularly those building in Utah,” said Alex Bean, Managing Partner at Tandem Ventures and co-founder of Divvy (acquired by Bill.com for $2.6B). “Plenty of firms claim to provide ‘value.’ I found the best value we can bring is driving revenue for our portfolio companies.” Tandem is the only fund in Utah, and one of fewer than 20 in the U.S., with a unicorn founder as a General Partner.

In 2025, Tandem has set a firm goal to drive $10 million in net new ARR across its portfolio. To reach it, the firm has built a dedicated team led by Managing Partner Jimmer Fredette focused on revenue acceleration, making high-leverage customer introductions, unlocking partnerships, and helping founders close early commercial wins. And it’s working. “We closed nearly $4M ARR from Tandem’s revenue acceleration efforts in the last 6 months—this uplifts everything in our business and accelerates our progress. Their efforts have opened doors and effectively extended our sales team beyond the walls of our office.” – Zach Newman, CEO of Enzo Health, a Tandem Ventures portfolio company. Jimmer is a favorite with Tandem Founders: “I’m focused and dedicated to our portfolio companies, and it’s a lot of fun. I am regularly collaborating with our founders and their teams to drive productive introductions to hard-to-reach contacts with their dream customers.”

Tandem’s team brings together experienced operators, investors, and community builders. The firm’s LPs and “Stable”—a network of proven founders—continue to serve as a strategic growth partner for portfolio companies, providing active mentorship and deep operational guidance as the companies mature. Visit our Stable Page here.

“Our $50M Fund I is dedicated to the earliest builders—those architecting the future, fixing the broken, addressing markets, and unlocking human progress. They don’t need another investor—they need conviction, capital, fast decisions, and real help. That’s us,” said Zoob Kerr, Managing Partner at Tandem Ventures.

As Tandem looks ahead, the firm remains committed to backing bold founders early, offering strategic support throughout the journey, and making a lasting impact on the innovation economy in Utah and beyond.

About Tandem

As B2B SaaS generalists with a strong focus on vertical AI, the team champions founders from the very first diligence call and executes shoulder to shoulder with their companies. Their unique operating backgrounds, unmatched founder network, and carefully tailored resources have fueled remarkable progress across the portfolio.

Operating in stealth since 2022 and with operations in both Calgary, Alberta, Canada, and Salt Lake City, Utah, Rodatherm has developed a novel fully cased, pressurized, closed-loop geothermal system that is optimized for hot sedimentary basins, enabling both conductive and convective heat transfer from the reservoir. Rodatherm’s working fluid is fully isolated and used directly in a power- generating turbine, achieving 50% higher efficiency than water-based binary-cycle geothermal systems, with exceptionally low operating and maintenance costs. Rodatherm’s advanced geothermal system is expected to achieve competitive levelized costs of energy with firm power, including fossil fuels, at early project scale and is designed to have a decades long operating life. With this, Rodatherm has the potential to be one of the first truly firm, environmentally clean, scalable, and affordable energy generation technologies available, paving the way towards complete energy security.

The Series A funds will be used to build and deploy Rodatherm's pilot geothermal system in Utah. This first module will validate Rodatherm’s system design at commercial scale, including secured offtake. Its production data will enable the expansion to a full 100 MW system at the same site leveraging non-dilutive project financing.

Key advantages of Rodatherm’s technology include:

• A well understood process cycle design, the system is analogous to a heat pump “at depth”;

• A thermodynamically closed system that can be placed in any reservoir environment with no concern for working fluid loss or contamination from the reservoir, significantly lowering

  operating and maintenance costs compared to competing systems

• An optimized working fluid, which can extract the required heat from the underground

  reservoir with 5x less fluid compared to traditional water-based geothermal systems;

• A targeted operating life spanning multiple decades

• No fresh water use; and a small, energy dense surface footprint allowing for placement in

  sensitive populated areas; and

• Rodatherm’s system is composed of technologies that are fully mature and commercialized;

  Rodatherm’s novelty lies in its patented, modular, and carefully designed system.

Led by CEO Curtis Cook, the Rodatherm team brings a fresh yet deeply informed perspective to geothermal, combining cutting-edge innovation with a clear understanding of the energy industry’s operational realities. Mr. Cook founded, led and built several successful energy corporations, including Vesta Energy Corp which commercialized a single well discovery into a successful company with an asset value over $1B. The team has broad energy industry experience and a history of working together effectively in high impact environments.

“The geothermal industry is at an inflection point, and Rodatherm is uniquely positioned to deliver a scalable, cost-effective solution for clean, secure baseload power,” said Curtis Cook, CEO of Rodatherm. “This funding allows us to commercialize our technology and validate our pathway to a full power development project that will make a significant impact on the energy transition.”

The oversubscribed round, led by Evok Innovations, features a multitude of investors across the deep tech ecosystem. Rodatherm’s inspiring vision, demonstrated progress, and proven ability to execute led to this landmark fundraise. “Rodatherm’s breakthrough technology and proven leadership team have the potential to make clean, reliable, and affordable baseload power a global reality” said Jane Kearns, Partner at Evok Innovations who has joined the Board of Directors . “At Evok, we are proud to back a team and system that can redefine what is possible for the energy transition.”

The financing included a group of leading corporate investors, including Toyota Ventures, TDK Ventures, and TechEnergy Ventures, who are committed to bringing significant strategic value to Rodatherm beyond their capital investment.

“At TDK Ventures, we seek to partner with entrepreneurs tackling the toughest problems in decarbonization,” said David Delfassy, Investment Director at TDK Ventures who has joined Rodatherm’s Board of Directors. “Rodatherm is uniquely positioned to bring geothermal energy to scale in the near term, without intensive capital requirements or decades-long timelines. That combination of vision and execution is rare, and it makes their approach especially compelling. I’m thrilled for us at TDK Ventures to bring our global expertise, technology, and network to help accelerate their journey and amplify their impact.”

If the economics and scalability of next generation technologies like Rodatherm’s are proven, geothermal has the potential to become one of the primary sources of energy worldwide. With surging demand in electricity and high willingness to pay for clean, firm, secure power, Rodatherm is uniquely positioned to lead this transition to a more secure future for energy.

About Rodatherm

With locations in Calgary, Alberta, Canada and Salt Lake City, UT, Rodatherm Energy is a privately held geothermal power generation company with a current focus on the Great Basin region in the Western United States and the potential to operate in many geographies globally. It consists of a team of seasoned energy professionals dedicated to clean, cost-effective, and reliable electricity generation. Distinguished by its pioneering Advanced Geothermal System (AGS), which utilizes a novel closed-loop design and working fluid to deliver highly efficient, low-cost, and firm geothermal power, the company possesses a land base capable of sustaining

hundreds of MW of versatile, long term, sustainable baseload and dispatchable power generation. For more information, visit: Rodatherm Energy Corporation