managing director – Marianne Bluger http://mariannebluger.com/ Thu, 17 Mar 2022 05:26:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mariannebluger.com/wp-content/uploads/2021/10/favicon-2-120x120.png managing director – Marianne Bluger http://mariannebluger.com/ 32 32 Venture capital firm Galaxy Interactive appoints Ryan You, 游镕畅, as partner and managing director https://mariannebluger.com/venture-capital-firm-galaxy-interactive-appoints-ryan-you-%e6%b8%b8%e9%95%95%e7%95%85-as-partner-and-managing-director/ Mon, 14 Mar 2022 15:23:00 +0000 https://mariannebluger.com/venture-capital-firm-galaxy-interactive-appoints-ryan-you-%e6%b8%b8%e9%95%95%e7%95%85-as-partner-and-managing-director/ NEW YORK–(BUSINESS WIRE)–Interactive Galaxy, a subsidiary of Galaxy Digital Holdings, Ltd., the largest fund dedicated to the interactive sector, today announced the appointment of 游镕畅, Ryan (Rongchang) You as Partner and Managing Director, and Co-Head of the company’s games division. You will be responsible for strengthening and expanding the company’s gaming initiatives across the globe. […]]]>

NEW YORK–(BUSINESS WIRE)–Interactive Galaxy, a subsidiary of Galaxy Digital Holdings, Ltd., the largest fund dedicated to the interactive sector, today announced the appointment of 游镕畅, Ryan (Rongchang) You as Partner and Managing Director, and Co-Head of the company’s games division. You will be responsible for strengthening and expanding the company’s gaming initiatives across the globe.

You bring extensive relationships and experience having built the US franchise for Aream & Co, a leading gaming-focused investment bank. Previously, you’ve covered gaming at Liontree and Bank of America Merrill Lynch. Throughout his career, You has advised a wide range of companies in the gaming ecosystem, including mobile, PC/console and technology/platform companies, and maintains strong relationships with major game publishers. games in the West and Asia. You earned your MBA from Columbia Business School and studied Information Systems at Carnegie Mellon University and are fluent in Mandarin.

General partners Sam Englebardt and Richard Kim launched Galaxy Interactive in 2018 to fill a funding gap available to companies in the “interactive” sector, which Galaxy defines as the intersection of content, finance and technology. With over $650 million raised to date, Galaxy Interactive maintains an existing portfolio of over 100 interactive companies, including Immutable, Polygon, Republic, Sandbox, AviaGames, BARB, mythical games, GenvidRTFKT, AccelByte, 1047 Games, StockXand bad robot gamesamong many others.

“Ryan’s deep experience working with game studios and the breadth of his industry relationships around the world make him the ideal candidate to help us manage and grow our business during this period of growth. phenomenal,” Englebardt said. “He will be an invaluable resource for our existing portfolio and for the many new studios we are investing in together in the years to come.”

Prior to joining Galaxy Interactive, You was an independent advisor on a few of Galaxy’s investments, including AviaGames and rctAI.

“Galaxy Interactive has a very strong team of experts in traditional games, technology and web3/blockchain,” You said. “I have known the Galaxy team for a while now and everyone who has worked with them has nothing but the best things to say about them. Although it is already one of the biggest funds in the industry, it still looks like a startup with huge growth potential. I think it’s the perfect time to join the team.

About Galaxy Interactive

Galaxy Interactive, a division of Galaxy Digital, is an independent stadium venture capital investor focused on companies operating at the intersection of content, finance and technology. Led by general partners Sam Englebardt and Richard Kim, Galaxy Interactive has been among the world’s most active video game and blockchain investors since its inception in 2018, with over $650 million in assets under management across its two funds. and investments in more than 100 companies.

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Rakuten Symphony agrees to acquire US cloud technology company Robin.io https://mariannebluger.com/rakuten-symphony-agrees-to-acquire-us-cloud-technology-company-robin-io/ Wed, 02 Mar 2022 08:00:00 +0000 https://mariannebluger.com/rakuten-symphony-agrees-to-acquire-us-cloud-technology-company-robin-io/ Australian ISP Aussie Broadband has officially acquired Brisbane-based telecommunications and IT solutions provider Over the Wire for $344 million. The strategic purchase is Aussie’s first acquisition from another company. Australian Broadband co-founder and managing director Philip Britt said it was an important milestone for the company. “Today marks a new era for Aussie Broadband. With […]]]>

Australian ISP Aussie Broadband has officially acquired Brisbane-based telecommunications and IT solutions provider Over the Wire for $344 million.

The strategic purchase is Aussie’s first acquisition from another company.

Australian Broadband co-founder and managing director Philip Britt said it was an important milestone for the company.

“Today marks a new era for Aussie Broadband. With this acquisition, we will transform our organization into the best of Aussie Broadband and Over the Wire. We have been working on this moment for some time now, and we are absolutely delighted to officially welcome Over the Wire to the Australian family.

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The integration will see the Aussie Broadband team expand to over 1,000 employees.

As part of the acquisition, On the wire brings approximately 16,000 commercial, corporate, government and wholesale customers to Aussie’s existing customer base. The company also has more than 700,000 active numbers on its voice network.

“We will be working diligently on this integration over the next few months. In the meantime, we will continue to provide our excellent support to Aussie Broadband and Over the Wire customers,” Britt said.

Founded in 2005, Over the Wire is an integrated technology company and platform provider, focused on tailored solutions for businesses and enterprises.

The company’s stated goal is to simplify technology to empower businesses and make things as easy as possible for the customer.

Over the Wire Group Managing Director and CEO Michael Omero says he’s excited to see what the two companies can accomplish together.

“Today marks the beginning of a new chapter in our journey, and we are thrilled to join a company that shares our values ​​and our commitment to customer service.

“This is an opportunity-based unit. Together we will expand Aussie’s presence in Australia and create something quite unique in the market, combining voice, cloud and security services. of Over the Wire with Aussie Broadband’s fiber assets and high-quality network.

“We look forward to working together to change the telecommunications game for customers across Australia,” Omero said.

Phillip Britt said the integration will bring many benefits to both companies.

“Over the Wire is a great fit for us and we think they will complement our current commercial/corporate offerings very well. They are also one of the few Tier 1 voice providers in Australia,” said Britt.

“We see the voice element as a key strategic element. The need for high quality voice capabilities is something that has rapidly increased, especially in the wholesale industry. We plan to transform our business platform Carbon into a complete service offering for all enterprise and enterprise communication and IT needs, so we see the voice element coming into the platform in a big way.

“Another key strategic element is Over the Wire’s cloud and security business. We are seeing a growing demand for cloud and security services as companies seek solutions to protect their data,” said Britt.

“One of the key benefits of Over the Wire’s cloud offering is that they own all the infrastructure, either in their own data center in Brisbane or in third-party data centers nationwide. The cloud offering is primarily aimed at large governments and large enterprises, and this integration is a good opportunity to expand further in these areas,” Britt continued.

The joint venture is expected to generate annual cost synergies of between $8 million and $11 million within three years, according to the company.

“Ultimately, this acquisition gives us the opportunity to expand our product and skill-set capacity, and further accelerate our growth in the corporate and wholesale markets in Australia. We believe that together we will be stronger and we can bring something extraordinary to the telecommunications industry,” said Britt.

As part of the agreement, Michael Omeros will join Aussie Broadband’s board of directors.

Michael has over 25 years of experience in the IT, telecommunications and data industries. In 2015, he led Over the Wire to a successful launch on the ASX. Since then, Michael has overseen significant expansion of the business through a combination of organic growth and acquisitions.

In a statement, the Aussie Broadband Board of Directors recognized the outstanding contribution of outgoing Board Member, Chief Technology Officer John Reisinger.

“While John will continue as Chief Technology Officer of the expanded group, we believe it is extremely important to recognize the outstanding contribution he has made over the past 18 years, since the initial formation of the predecessor company of ‘Aussie Broadband up significant growth in recent years. today’s milestone,” said Board Chairman Adrian Fitzpatrick.

“John has overseen the development of our award-winning software and network infrastructure, which has been the foundation for our rapid expansion. He has one of the most creative technical minds in the industry, and we look forward to his continued contribution and leadership within the larger group,” said Britt.

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in5 launches a space dedicated to investors to stimulate investment and entrepreneurship in the region https://mariannebluger.com/in5-launches-a-space-dedicated-to-investors-to-stimulate-investment-and-entrepreneurship-in-the-region/ Thu, 24 Feb 2022 07:26:31 +0000 https://mariannebluger.com/in5-launches-a-space-dedicated-to-investors-to-stimulate-investment-and-entrepreneurship-in-the-region/ in5, TECOM Group’s enabling platform for technology, design and media entrepreneurs, has announced the introduction of a brand new dedicated space to welcome angel investors, venture capitalists and institutional investors at the heart of the in5 Tech hub in Dubai Internet City. An extension of in5’s current offerings, the permanent space will allow […]]]>


in5, TECOM Group’s enabling platform for technology, design and media entrepreneurs, has announced the introduction of a brand new dedicated space to welcome angel investors, venture capitalists and institutional investors at the heart of the in5 Tech hub in Dubai Internet City.

An extension of in5’s current offerings, the permanent space will allow investors to directly engage startups at in5 for funding and partnership opportunities, reinforcing Dubai’s global status as an attractive destination for investment and entrepreneurs. . The announcement was made during Step Conference 2022, Dubai’s largest tech festival held in strategic partnership with Dubai Internet City.

This one-of-a-kind space offers the growing number of investors entering the UAE business ecosystem a common meeting and working ground to engage each other as well as ambitious entrepreneurs at the heart of a community. thriving startups. in5 has always facilitated access to investors for companies at different stages of their entrepreneurial journey, from seed funding to raising Series A funds. The addition to the framework of the enabling platform aims to give entrepreneurs unhindered access to potential investment opportunities and coaching sessions to drive growth and innovation.

In recent years, the MENA region has become a hotbed of investment activity, paving the way for increased funding for emerging startups. According to the region’s leading data platform, MAGNiTT, the MENA region saw $2.6 billion in venture capital funding in 2021 – the highest the region has ever seen. The UAE has been the most active market, with startups accounting for 45% of all funding raised in the region in 2021. A favorable business environment, a growing number of startups, and its strategic location between East and West bolster the attractiveness of the UAE to VCs and investors from around the world. Government-led initiatives have contributed to the country’s ranking as the best place to start a new business in the latest Global Entrepreneurship Index, which is likely to further fuel investor interest in the MENA region.

in5 aims to further improve the investment climate by facilitating investor access to leading startups in its ecosystem. At the end of 2021, in5 startups reached a new milestone by crossing the AED 1.4 billion investment mark, a testament to the strong position of the emirate and its favorable environment for promising investment opportunities. Direct investments came from venture capital and angel investors.

More than 500 companies have been supported by the incubator since its creation, a quarter of which are led and managed by women entrepreneurs, almost twice as many as the regional average for SMEs owned by women, according to the World Bank, and in accordance with international standards in places like Australia, Europe and North America.

Speaking about the latest addition to in5, Majed Al Suwaidi, Managing Director of Dubai Media City, said: “Over the past twenty years, Dubai has succeeded in creating a globally competitive business ecosystem and has become an attractive destination for entrepreneurs and investors around the world. world. A comprehensive physical and digital infrastructure and conducive business framework have created a fertile environment for talent and startups to grow, thrive and innovate, and in5 plays an important role in providing them with a supportive platform from which to grow. to throw.

“Facilitating access to finance has always been an integral part of our offerings – it is what has enabled our startups to reach new milestones and grow regionally and internationally. It’s important for us to continue to adapt our offerings as the global investment landscape changes, and the latest addition to in5’s key benefits is an innovative solution to continue nurturing the wealthy entrepreneurial spirit and ambitious in the region.

The future of financing

Located at in5 Tech – Dubai Internet City, the space offers flexible office solutions for independent investors and venture capital organisations. Common areas and fully equipped meeting rooms will provide members with spaces to connect and engage with 5 startups as well as peers.

A digital live feed portal will also provide real-time information and funding rounds to identify investment prospects and budding unicorns.
in5 offers a lively calendar of events including specialist networking events, expert keynotes and coaching workshops to nurture a new generation of investors in the region. Even entrepreneurs can benefit from expert-led training seminars to improve their presentations, seek expert advice, and drive success.

Writing the success story of the Dubai startup

in5 is bringing its expertise and network of nearly a decade as one of the country’s leading incubators to Step Conference 2022 as the conference’s Start Track Program Lead Partner. It highlights 11 of its top tech startups, including food-tech disruptor Grubtech, cloud-based no-code SaaS app Beezr, as well as new era digital sampling platform, Hamples. Emerging businesses and entrepreneurs attending the conference can also make the most of one-on-one consulting sessions from industry experts at in5 Mentor’s Corner.

A Legacy of Success

in5 was launched as a tech-focused business incubator before growing and scaling rapidly with state-of-the-art centers supporting tech, media and design startups. Notable startups that have managed to secure significant investment through the incubator include Tabby, the buy-it-now, pay-later platform, which raised around AED485 million last year and is working now with leading retail brands such as adidas, Ikea and Shein. Sunglasses e-commerce company Eyewa, which secured a total funding of AED 77 million, has also attracted a large following for its fast delivery, quality service and list of brands.

Other innovative players include agri-tech start-up Desert Control, which successfully raised approximately AED85 million in its initial public offering (IPO) on Euronext Growth Oslo, a multilateral trading platform operated by the Oslo Stock Exchange. GrubTech has raised US$13 million in a Series A funding round, accelerating its expansion into international markets. Automotive subscription platform and in5 alum Invygo has raised over AED 15 million in multiple rounds, while FinTech startup Ziina has successfully raised over AED 31 million.

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CLEAN GROWTH FUND LEADS £2.4M INVESTMENT IN ABOVE SOLAR TECHNOLOGY – pv magazine International https://mariannebluger.com/clean-growth-fund-leads-2-4m-investment-in-above-solar-technology-pv-magazine-international/ Fri, 11 Feb 2022 15:55:14 +0000 https://mariannebluger.com/clean-growth-fund-leads-2-4m-investment-in-above-solar-technology-pv-magazine-international/ The Clean Growth Fund, the UK venture capital fund, has led a £2.4m investment in Above, a global leader in solar data and analytics. Above is revolutionizing the solar industry, developing software, digital models and AI to help generate more solar power from data. February 11, 2022 Above CLEAN GROWTH FUND LEADS £2.4m INVESTMENT IN […]]]>

The Clean Growth Fund, the UK venture capital fund, has led a £2.4m investment in Above, a global leader in solar data and analytics. Above is revolutionizing the solar industry, developing software, digital models and AI to help generate more solar power from data.

CLEAN GROWTH FUND LEADS £2.4m INVESTMENT

IN SOLAR TECHNOLOGY COMPANY ABOVE

  • The above technologies improve the design, construction and overall management of solar power plants
  • Investment will make Above a global leader in solar power plant data and analytics
  • First investment in solar technology by Clean Growth Fund

The Clean Growth Fund, the UK venture capital fund, has led a £2.4m investment in Above, a global leader in solar data and analytics. Above is revolutionizing the solar industry, developing software, digital models and AI to help generate more solar power from data.

Above, founded in 2016, has worked on over 2,500 solar assets and supports clients on six continents. It works with many of the world’s largest solar energy companies to provide solar power plant data and analysis through its interactive web-based platform, SolarGain. The company’s technology digitizes solar assets, thereby optimizing the operational efficiency and performance of ground- and rooftop-mounted solar PV assets.

In addition to data analytics and AI, Above provides its customers with a suite of data solutions that help solar companies design, build and manage better and more efficient solar power plants. His work includes solutions for aerial topographic mapping, construction management and inspection of solar power plants.

This is the Clean Growth Fund’s first investment in the UK solar industry. The Clean Growth Fund was established in 2020 to invest in the UK’s most promising ‘clean growth’ technology companies.

Susannah McClintock, Chief Investment Officer at Clean Growth Fund: “With an established presence in the global solar industry, Above is in a strong position to expand and grow its operations. With the deployment of a predicted global increase of 165 GW of solar power each year over the next three years, the effectiveness of asset condition monitoring and maintenance becomes increasingly important to industry to increase performance factors. Above’s growth prospects are exciting.

Will Hitchcock, Founder and Managing Director of Above Surveying, said: “We are delighted that the Clean Growth Fund has chosen to invest in our business; it underscores our confidence in our innovation and our vision of how technology will transform the global solar industry. We are at the heart of the ongoing digital transformation within a rapidly growing industry, a transformation that is essential to ensure the rapid and sustainable deployment of solar across the globe.

Jeremy Elden, President of Above since 2020, said, “The consistent success of Will and his team at Above over the past five years has been most impressive. This significant investment from the Clean Growth Fund and support from existing Above investors will enable the company’s cutting-edge technologies to be offered to solar and related service companies in many other key markets. The company remains true to its vision of becoming the leader in solar software. »

As part of this funding round, Jeremy Elden made an additional investment in the company.

For this transaction, Shoosmiths lawyers acted for the Clean Growth Fund. Birketts acted for Above.

For more information:

Clean Growth Fund (www.cleangrowthfund.com)

Susannah McClintock, Chief Investment Officer: susannah.mcclintock@cleangrowthfund.com

Beverley Gower-Jones, Managing Partner: beverley.gower-jones@cleangrowthfund.com

Paul Taylor, Taylor Keogh Communications: +44 (0)7966 782611 / paul@taylorkeogh.com

Miranda Barham, Taylor Keogh Communications: +44 (0)7899 030304

Above (www.abovesurveying.com)

Will Hitchcock, CEO: will@abovesurveying.com

Peregrine Fraser, CCO: peregrine@abovesurveying.com

Sarah Jacobs, marketing coordinator: +44 (0)1206 483 043 / +44 (0)7708 045 470 / sarah@abovesurveying.com

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Fintech startups are hoarding venture capital cash https://mariannebluger.com/fintech-startups-are-hoarding-venture-capital-cash/ Tue, 08 Feb 2022 16:33:46 +0000 https://mariannebluger.com/fintech-startups-are-hoarding-venture-capital-cash/ The South African venture capital (VC) industry has started 2022 with a bang. In January, Africa’s largest game publisher, Cape Town-based Carry1st, announced that it had raised $20 million in seed funding from one of venture capital funding’s rock stars, Andreessen. Horowitz, with the participation of Avenir and Google. Not to be outdone, TallOrder Solutions, […]]]>

The South African venture capital (VC) industry has started 2022 with a bang. In January, Africa’s largest game publisher, Cape Town-based Carry1st, announced that it had raised $20 million in seed funding from one of venture capital funding’s rock stars, Andreessen. Horowitz, with the participation of Avenir and Google.

Not to be outdone, TallOrder Solutions, which develops cloud-based point-of-sale solutions, announced that it had secured additional local funding of R47 million, bringing its total funding to R80 million; Wamly, the one-way video interview software start-up, has announced that it has secured a second-round investment from South African venture capital firm Knife Capital; and on-demand payment provider Floatpays secured just under $4 million in an oversubscribed seed funding round to help it expand across Africa.

“The year has definitely started off with a bang,” says Fabian Whate, managing director of tech investor Naspers Foundry. “We have a number of pending transactions that we expect to complete by the first quarter.”

This is a continuation of activity levels seen in 2021, adds Keet van Zyl, co-founder of Knife Capital. “The ecosystem is definitely heating up.”

Last year, South African start-ups attracted more than $800 million, compared to $200-250 million in 2019 and 2020.

These included TymeBank, which raised $300 million; Yoco, which raised just under $100 million; mobile payment gateway MFS Africa, online payment company Ozow, policy and claims administration software company Genasys and payment processor Adumo.

When it comes to investing in tech start-ups, South Africa is not alone. Across the continent, more than 740 tech start-ups raised nearly $5 billion last year as US investors recognized that local companies were developing solutions tailored to the needs of the continent’s tech-savvy population. Africa is in the midst of a massive generational shift and with it a technological revolution. A young, middle-class and rapidly growing population – 1.3 billion people with an average age of 19 – is in the driver’s seat.

Similar to other emerging markets like India or China, this generation is mobile first, relying on their cellphones for all aspects of their lives – from work to finance, socializing and entertainment.

Nigeria attracted the most funding, followed by South Africa, Kenya and Egypt, according to the latest Africa Investment Report from Briter Bridges.

Nearly 60% of that goes into fintech. “The fintech sector was initially dominated by providers of payment processing solutions,” says Christoff Pienaar, head of the technology, media and telecommunications practice at law firm Cliffe Dekker Hofmeyr.

“This has led to the development of mobile wallets, money transfer services, microloans and payment products like Yoco, SnapScan and Zapper.”

The rapid development and use cases in the crypto space are also driving innovation, backed by South African regulators, who have closely followed the development of the technology but not hindered it. Beyond the fintech market, companies in insurtech, telemedicine, e-learning, e-commerce and carpooling are among those attracting investor interest, he says.

A notable change last year was that nearly two-thirds of the continent’s 20 largest deals involved foreign investors, a reversal from the past when nearly all investment was local. For example, Bezos Expeditions and Andreessen Horowitz made inaugural investments in Africa. And companies such as Endeavor Catalyst and Ribbit Capital have been involved in at least three deals each, according to Briter Bridges.

“Africa is financially underserved,” says Mark Taylor, capital raising specialist at Mazars in South Africa. “But this is nothing new for Africans. We’ve faced complex challenges that Silicon Valley hasn’t – bandwidth, access to smartphones, customers who can afford to pay, access to good coders, and technical skills. We have less, so we’re resourceful and problem-solving. This has resulted in some interesting and vibrant fintech markets and international investors are taking notice.

Silicon Valley accelerators, like Y-Combinator, have also turned to African start-ups. In addition to an initial investment of around $500,000 in a start-up, the accelerator works intensively with the company and its founders for three months, to shape them and refine their pitch to investors. Each cycle culminates in a demo day, when start-ups showcase their businesses to a carefully selected, invitation-only audience.

“You can’t underestimate the importance of someone like this opening doors for you,” says Floatpays founder and Accelerator graduate Simon Ward. “They can open doors you wouldn’t even think to knock on.”

South Africa, which has the added advantage of a sophisticated banking and telecommunications infrastructure, also has other catalysts, says Van Zyl.

One is the role of the Fonds PME SA. Created by members of the CEO Initiative, the SA SME Fund, which channels its funds to established and diversified venture capital firms with proven track records, has injected R1.3 billion into the southern venture capital ecosystem -African over the past two years. “In a short time, it has become the biggest VC funder of all time! It shows how quickly something like this can make a difference,” says Van Zyl.

Slowly, some companies in the investment community are realizing that this is an asset class worth supporting. In addition to committing $10 million to Knife Capital’s African series expansion fund, the Mineworkers Investment Company launched MIC Khulisani Ventures last year. It is a R150 million seed investment vehicle targeting innovative and high growth Black-owned businesses in South Africa.

Local banks, aware that their business models and margins are under pressure, are also adopting fintech companies and building ecosystems that support the development of disruptive start-ups.

It’s all built on the success of disruptors like Yoco and software company Aerobotics, which came behind pioneers like Clickatell and Thawte Consulting.

High profile exits like those from GetSmarter, PayFast and Luno reassure investors that there are options when it comes to exiting their investments.

“People are cautiously optimistic about the future,” Whate says.

“But for the money to keep coming, the recipient companies have to live up to expectations. At the end of the day, guys who invest money need to know that they can make money. DM168

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Star Royalties Acquires a 2.5% Royalty on Diesel Displacement Technology Company, MOBISMART https://mariannebluger.com/star-royalties-acquires-a-2-5-royalty-on-diesel-displacement-technology-company-mobismart/ Thu, 27 Jan 2022 12:10:31 +0000 https://mariannebluger.com/star-royalties-acquires-a-2-5-royalty-on-diesel-displacement-technology-company-mobismart/ JANUARY 27, 2022 – TheNewswire – TORONTO, ON – Star Royalties Ltd. (the “Society” Where “Star royalties”) (TSXV:STRR) (OTC: STRFF), through its all-green subsidiary, Green Star Royalties Ltd. (“Green Star Royalties“), is pleased to announce the signing of a definitive Royalty Purchase Agreement and Gross Revenue Royalty Agreement with MOBISMART Mobile Off-Grid Power & Storage […]]]>

JANUARY 27, 2022 – TheNewswire – TORONTO, ON – Star Royalties Ltd. (the “Society” Where “Star royalties”) (TSXV:STRR) (OTC: STRFF), through its all-green subsidiary, Green Star Royalties Ltd. (“Green Star Royalties“), is pleased to announce the signing of a definitive Royalty Purchase Agreement and Gross Revenue Royalty Agreement with MOBISMART Mobile Off-Grid Power & Storage Inc. (“MOBISMART”) to acquire a 2.5% gross revenue royalty (the “Royalties”) on all current and future gross income and any potential business disposal income generated by MOBISMART for a total consideration of CA$300,000 in cash.

Investment Highlights

  • Company operating in Canada: MOBISMART is a privately-owned operating company headquartered in Toronto, Canada that specializes in mobile solar power generation systems with integrated battery storage.

  • Reduces reliance on diesel for net zero goals: MOBISMART’s integrated product offering includes mobile solar trailers and containers with state-of-the-art power electronics and remote monitoring. MOBISMART meets a wide range of power generation requirements while reducing the need for traditional diesel power generation and its associated CO emissions.

  • Versatile Product Application: The MOBISMART product line can be deployed virtually anywhere, including construction sites, disaster relief situations, military operations, mining camps, as well as telecommunications towers and 5G infrastructure in urban, rural and remote areas.

  • Innovative power solutions: Other high growth areas include integrated power solutions for solar conversion of refrigerated vehicle fleets, fast charging stations for electronic fleets and vertical axis wind turbines.

  • Key relationships: MOBISMART benefits from working relationships with industry leaders such as Siemens AG, Mitsubishi Heavy Industries Ltd., Sono Motors GmbH, Victron Energy BV and Schneider Electric SE.

Alex Pernin, Managing Director of Star Royalties, said, “We are proud to support a greener future by investing in a high-growth local technology company, MOBISMART. Their products reduce or offset CO2 emissions in environmentally sensitive areas by displacing diesel consumption, which alone represents a global market of C$70 billion. In addition, their innovative business model is well positioned for the sectors high growth companies such as integrated power solutions, solar conversion of refrigeration vehicles and e-fleet fast charging stations. The $1 million royalty buyout provision reflects this growth potential. This green investment represents short-term cash flow from a leading jurisdiction, and we expect MOBISMART to grow rapidly into a leading off-grid power technology company in various sectors and industries.

Terms of trade

  • Green Star Royalties has agreed to acquire the royalty from MOBISMART on its current and future gross revenue and any potential business disposition revenue for a total consideration of C$300,000 in cash.

  • The Royalty has a duration of 15 years and Green Star Royalties has granted MOBISMART an initial payment holiday on the Royalty, where the first payment of the Royalty, calculated from the closing date, will take place no later than January 2023.

  • Green Star Royalties has also granted MOBISMART a royalty buyout clause, under which MOBISMART, at its sole election and in the event of a public event, will have the right to buy back the royalty in full for 10 million Canadian dollars in cash, or partially prorated. MOBISMART, at its sole election and only after five years have elapsed since the completion of its potential public event, shall have the additional right to redeem any portion of the royalty not already redeemed at its public event, on the same pro at pro rata.

MOBISMART

Founded in 2013 in Toronto, Canada, MOBISMART is an innovator of advanced, mobile and portable solar power generation systems that can be easily deployed at construction and natural disaster sites and other urban, rural and remote locations. requiring off-grid power. MOBISMART’s various power generation and battery storage solutions, including trailer-mounted and containerized systems provide a range of energy needs, work to reduce dependency on CO2-transmitting diesel generation, fills the void of compromised power sources on the grid and supports critical needs 24/7.

MOBISMART manufactures its systems in North America, relying on ISO 9001 certified facilities in Ontario and Quebec. This local control over manufacturing allows for better quality optimization and rapid delivery of the solution, removing any potential supply chain and quality related issues associated with offshore manufacturing. MOBISMART The roots of renewable energy run deep as the company’s founders are second generation solar entrepreneurs – the Efston family pioneered the integration of solar energy systems over 50 years ago. For more information, visit mobismart.ca.

MOBISMART: Product range

Mobile solar power generation systems with integrated battery storage

MOBISUN SPARK Single axle MOBISUN FLARE Double axle
4 panel solar power generator 8 panel solar power generator

Junior mining networkPortable solar power generation systems with integrated battery storage

MOBIPOWER containerized solar power generator
and battery storage (sizes range from 10ft to 40ft)

Source: MOBISMART

CONTACT INFORMATION

For more information, please visit our website at www.starroyalties.com or contact:

Alex Pernin, geo. Dmitry Kushnir, CFA

Chairman and Chief Executive Officer and Director Head of Investor Relations

This email address is protected from spam. You need JavaScript enabled to view it. This email address is protected from spam. You need JavaScript enabled to view it.
+1 647 801 3549
+1 647 287 3846

ABOUT STAR ROYALTIES LTD.

Star Royalties Ltd. is an investment company in precious metals, green royalties and streaming. The company created the world’s first carbon-negative gold royalty platform and offers investors exposure to gold with an increasingly negative carbon footprint. The Company’s objective is to create wealth through accretive transaction structuring and asset life extension with superior alignment with counterparties and shareholders.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

Certain statements in this press release may constitute “forward-looking statements,” including those regarding the Company’s strategies and business plans. Forward-looking statements are statements that address or discuss activities, events or developments that the Company expects or anticipates may occur in the future. When used in this press release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends”, “should”, “could”, “may” and similar terminology is intended to identify such forward-looking statements. Forward-looking statements are made based on certain assumptions and other important factors which, if incorrect, could cause Star Royalties’ actual results, performance or achievements to be materially different from future results, performance or achievements. expressed or implied by these statements. Forward-looking statements should not be construed as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results, performance or achievements to differ materially from these forward-looking statements, including, without limitation, changes in MOBISMART’s business plans and strategies, MOBISMART’s ability to continue its operations and expand its operations, market conditions, demand, supply and pricing of components of electricity generation and storage units, the best use of available cash, the inherent risks to off-grid electricity generation and storage companies, differences between actual and estimated revenues, regulatory restrictions, activities of governmental authorities (including changes in taxation), currency fluctuations, global social and economic climate, natural disasters and global pandemics, including COVID-19, dilution and competition. These and other risks could cause actual results and events to vary materially. Accordingly, readers should exercise caution when relying on forward-looking statements, and the Company undertakes no obligation to revise them publicly to reflect subsequent events or circumstances, except as required by law.

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Sir Martin Sorrell eyes ad tech with new £110m venture capital fund https://mariannebluger.com/sir-martin-sorrell-eyes-ad-tech-with-new-110m-venture-capital-fund/ Sun, 16 Jan 2022 10:32:29 +0000 https://mariannebluger.com/sir-martin-sorrell-eyes-ad-tech-with-new-110m-venture-capital-fund/ Sunday January 16, 2022 10:32 a.m. Advertising boss Sir Martin Sorrell is launching a £110m venture capital fund aimed at start-up ad tech companies as he seeks to capitalize on new start-ups entering the sector. Sorrell, managing director of S4 Capital and former boss of advertising giant WPP, is launching the fund with investor Daniel […]]]>

Sunday January 16, 2022 10:32 a.m.

Advertising boss Sir Martin Sorrell is launching a £110m venture capital fund aimed at start-up ad tech companies as he seeks to capitalize on new start-ups entering the sector.

Sorrell, managing director of S4 Capital and former boss of advertising giant WPP, is launching the fund with investor Daniel Pinto and former WPP executive Sanja Partalo, The Sunday Times reported today.

Sorrell and Pinto are expected to inject $15 million of their own money into the fund and serve on the investment committee.

Partalo, a former head of strategic development at WPP, will lead the fund which would target ad technology, data analytics, content development and new digital media and tap into companies developing ad services for new platforms like the Metaverse. , according to reports.

Sorrell told The Times that S4 didn’t want to commit capital to technology and “take the technology risk” and felt a venture capital fund was a more appropriate vehicle for investing in start-up companies.

He said, “We thought there was an opportunity to leverage our VC knowledge. We have 7,500 people in 33 countries.

Sorrell founded S4 Capital in 2018 after he was ousted from WPP following allegations of wrongdoing.

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Facebook contractors threaten to stop work over missing paychecks https://mariannebluger.com/facebook-contractors-threaten-to-stop-work-over-missing-paychecks/ Tue, 11 Jan 2022 17:10:18 +0000 https://mariannebluger.com/facebook-contractors-threaten-to-stop-work-over-missing-paychecks/ Facebook moderators at an Accenture location in Austin are facing a payroll disaster that has left many without their vacation paychecks. Site workers handle moderation, customer service and other tasks for Facebook and WhatsApp – and a work stoppage has already been threatened if the situation is not resolved. The problems began as early as […]]]>

Facebook moderators at an Accenture location in Austin are facing a payroll disaster that has left many without their vacation paychecks. Site workers handle moderation, customer service and other tasks for Facebook and WhatsApp – and a work stoppage has already been threatened if the situation is not resolved.

The problems began as early as January 4, when some workers noticed errors in the system that tracks paid time off (PTO), an administrative confusion attributed to a recent change in payroll providers on the site. Things got more serious when the January 6 round of paychecks didn’t arrive. Internal pay stub systems indicated that many paychecks were being canceled and workers had no idea when they might receive their money.

In an open letter to the CEOs of Facebook and Accenture, posted on an internal bulletin board, a group of workers pledged to halt work on the site until paychecks were paid in full.

“If these issues are not resolved immediately, a work stoppage will be issued,” the letter promised. “The work stoppage will begin on January 7, 2022 if nothing is resolved.”

Several lump sum payments were made to affected workers shortly after the letter was published, and Accenture says the company saw no indication of a coordinated work stoppage at the site in the days that followed.

In a call with employees on Saturday, an Accenture site managing director said he did not know when the issue would be resolved, but that the company would cover any late fees or overdraft fees incurred due to late. “You will receive the amounts owed to you,” he said on the call, “and we will get it to you as quickly as possible.”

Some workers received lump sum payments from the company, intended to tide them over until the total amount could be properly calculated. But site workers say not everyone has received those payments, and many are in dire financial straits.

On Monday night, a moderator at the Austin site said more than 50 people on his team still haven’t been paid. “I know many who are behind on bills, utilities, food and rent,” he said. The edge. “When you’re only paid $16 an hour in a city like Austin, missing a check is like missing a leg.”

The problem is particularly acute because of overtime pay and holiday expenses, which have been lost in the reshuffling between providers. “Some employees had to take out payday loans just to have enough money to buy food for their children,” said another employee. The edge.

Reached for comment, Accenture representative Stacey Jones said the company is working to resolve the issue. “We recently switched payroll providers and ran into some unforeseen difficulties during our first payroll campaign with the new provider,” Jones told The Verge. “Our number one priority since last week has been to get our people who have had issues paid – and we continue to encourage our people who need help to contact their supervisor or HR, so that we can help them to resolve.”

Meta (parent company of Facebook, Instagram and Whatsapp) often outsources moderation and other personnel services to companies like Accenture, although the arrangement has been driven by employee welfare in other cases. A 2019 Edge An investigation into an Accenture site in Austin moderating YouTube videos found that managers often forced employees to work during breaks and forgo vacations when faced with high demand.

Reached for comment, Facebook confirmed the disruption and highlighted Accenture’s efforts to address it. “Accenture has notified its employees of this issue,” Meta representative Kadia Koroma said, “and is working to resolve it as soon as possible.”

Update at 1:35 p.m. ET: Added new information from Accenture that the company has not seen evidence of work stoppage at the site.

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Fitness tech company Myzone hits $ 102 million valuation after new investment https://mariannebluger.com/fitness-tech-company-myzone-hits-102-million-valuation-after-new-investment/ Mon, 10 Jan 2022 10:42:54 +0000 https://mariannebluger.com/fitness-tech-company-myzone-hits-102-million-valuation-after-new-investment/ Myzone, the global manufacturer of wearable fitness tracking technologies, today announced it has secured a US $ 17.2 million investment from BGF, the UK’s most active growth capital investor. Coinciding with the announcement of the investment, renowned tech entrepreneur Vin Murria has joined the company as non-executive chairman. Established in 2011 by fitness industry expert […]]]>

Myzone, the global manufacturer of wearable fitness tracking technologies, today announced it has secured a US $ 17.2 million investment from BGF, the UK’s most active growth capital investor.

Coinciding with the announcement of the investment, renowned tech entrepreneur Vin Murria has joined the company as non-executive chairman.

Established in 2011 by fitness industry expert Dave Wright, Myzone has experienced impressive growth since its inception and currently serves over 9,000 facilities in 84 different countries, with over two million devices shipped.

Designed to engage and motivate people to be more physically active, Myzone is used in many of the world’s largest fitness clubs and has entered new markets such as elite sports teams, hospitals, schools, universities and the business sector.

BGF investor Seb Saywood said: “Myzone is a pioneer in the growing health and wellness industry.

“We were impressed with its unique business model, scalability, market presence and exceptional leadership team. “

Explaining that Myzone chose BGF because of his experience in supporting fast growing businesses, Myzone Managing Director Phil Whittam said, “We have been in a very lucky position as we have grown so far. organic to date, without the need for external capital. We needed an experienced partner who could accelerate our growth plans.

“We are particularly delighted that Vin Murria OBE has also decided to invest in the company. Vin is a visionary leader in the tech world and has created many tech companies. In 2018, she was awarded the Order of the British Empire (OBE) for service to the UK digital economy, as well as for the advancement of women in the software industry.

This news follows the successful launch of the Myzone MZ-Switch – the world’s first interchangeable heart rate monitor with chest, arm and wrist options – in 2021.

Whittam added, “The launch of the MZ-Switch has opened up new markets for us.

“It is now an ideal solution for a corporate and school environment, and our partnership with BGF and Vin will help stimulate these new markets in addition to building on our long-standing support for the traditional fitness industry. “

BGF has invested over £ 100million (US $ 135million / AU $ 188million) in technology companies in 2021 and has announced seven successful exits in the industry this year.

Related Articles

November 22, 2021 – Summit to showcase how technology adoption will drive the renaissance of aquatic, fitness and recreation facilities

September 29, 2021 – Myzone appoints new Global Head of Product

August 4, 2021 – Myzone joins forces with WIFA’s Run the World campaign

May 22, 2021 – Myzone recognized as Tech Company of the Year at the APAC Fitness and Wellness Awards of Excellence

April 21, 2021 – Myzone launches MZ Switch mobile heart rate monitor

March 22, 2021 – Life Fitness integrates with Myzone to further improve the connected fitness experience

February 19, 2021 – Les Mills Asia Pacific and Myzone Partner to Offer Integrated Solution to Drive User Engagement

February 8, 2021 – Myzone shares strategies for gym owners to push their clubs above the competition

July 31, 2020 – Myzone announces management restructuring for the post-Coronavirus operation

July 8, 2020 – Evolt and MyZone team up to offer seamless technological integration

April 8, 2020 – The Myzone Global challenge helps with physical motivation

April 1, 2020 – Myzone launches a global challenge with incentive prizes

February 2, 2019 – World Gym and Myzone team up to launch World Gym Athletics program in Australia

December 5, 2018 – Myzone launches a new course booking feature

October 24, 2018 – Anytime Fitness partnership aims to make Myzone the most portable activity technology


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New appointment to boost investment in Gloucestershire https://mariannebluger.com/new-appointment-to-boost-investment-in-gloucestershire/ Fri, 07 Jan 2022 12:40:02 +0000 https://mariannebluger.com/new-appointment-to-boost-investment-in-gloucestershire/ A very experienced international economic development expert has been appointed to lead a major investment project in Gloucestershire. GFirst LEP has appointed Phil Clement as the new Head of Foreign Investments, leading the Invest in Gloucestershire project. The project aims to stimulate foreign investment in the country as well as support the growth of existing […]]]>

A very experienced international economic development expert has been appointed to lead a major investment project in Gloucestershire.

GFirst LEP has appointed Phil Clement as the new Head of Foreign Investments, leading the Invest in Gloucestershire project.

The project aims to stimulate foreign investment in the country as well as support the growth of existing investors.

The Invest in Gloucestershire initiative – an EU-funded project – was set up in 2019 to attract new foreign direct investment (FDI) to Gloucestershire.

The seven local authority partners work closely with the project team to facilitate the creation of new businesses and foster employment opportunities in the county.

Success stories include ZeroAvia, an American aerospace company at the forefront of hydrogen technology. ZeroAvia recently moved to Gloucestershire to Cotswold Airport, creating almost 50 new jobs to date.

Phil has over 25 years of experience in international economic development, helping global businesses and small businesses invest in the UK and grow their UK based operations.

His career has spanned positions in local and regional government, spanning locations such as London, Oxford and Cambridge, as well as consulting positions in the private sector and academia with universities like the University of Oxford and Cranfield University.

He has held the positions of Head of Investor Development for the South East England Development Agency (SEEDA) and Director of Investments in Oxfordshire, his most recent position being Head of investment and export to the Swindon & Wiltshire Local Enterprise Partnership.

It will be a key driver in finding new investors and promoting the county’s dynamic offering in cyber / digital, agro-technology, advanced manufacturing and engineering, and renewable energy.

Phil will help promote the Gloucestershire cybersecurity sector, including the soon to be launched High Potential Opportunity (HPO) cyber sponsored by the Department of International Trade. This will make the most of the commercial teams at UK Embassies and Consulates around the world, showcasing cyber assets such as the Golden Valley development adjacent to GCHQ and the Forum in Gloucester.

In addition, Phil will oversee the rollout of a new cutting-edge engineering and manufacturing proposal for the county and will work closely with the two Agro-Tech Centers of Excellence, Hartpury College and University and Farm 491 at the Royal Agricultural University.

Phil Clement said: “I am delighted to join GFirst LEP and promote the impressive assets of Gloucestershire.

“Working with partners from government, industry and academia, the inbound investment team will showcase Gloucestershire’s strengths at country-specific industry events and overseas throughout 2022, helping to the creation of new businesses and employment opportunities across the county. “

Dev Chakraborty, Deputy Managing Director of GFirst LEP, said: “We are really delighted to have the services of such an experienced person to lead our inbound investment project.

“I am convinced that with his vast experience and his solid network of contacts, he will do a wonderful job. “

For more information on GFirst LEP and their inbound investment project, contact Phil Clement, Inbound Investment Manager; phil.clement@gfirstlep.com

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