NEW YORK, 15. Oktober 2026 — OrbiMed, eine führende globale Investmentgesellschaft im Gesundheitswesen, freut sich bekannt zu geben, dass sie Zusagen in Höhe von 3 Milliarden US-Dollar für zwei neue Private-Equity-Fonds erhalten hat: OrbiMed Private Investments X und OrbiMed Asia Partners VI.

OrbiMed Private Investments X hat über 1,9 Milliarden US-Dollar eingeworben, um Investitionsmöglichkeiten im Bereich des Risikokapitals für Biowissenschaften in den USA und Europa zu nutzen. OrbiMed Asia Partners VI hat über 1 Milliarde US-Dollar eingeworben, um Investitionsmöglichkeiten im Bereich Wachstums- und Risikokapital im Gesundheitswesen in ganz Asien zu nutzen. Beide Fonds zielen darauf ab, führende Gesundheitsunternehmen aufzubauen, die sich auf Biopharmazeutika, Medizinprodukte, Diagnostik und technologiegestützte Gesundheitsdienstleistungen konzentrieren.

„Es gab noch nie einen spannenderen Zeitpunkt, um in Innovationen im Bereich der Biowissenschaften zu investieren”, sagte Carl Gordon, geschäftsführender Gesellschafter von OrbiMed. „KI, die zunehmende Vielfalt neuer Therapieansätze sowie Chinas Aufstieg zu einer führenden Macht in der Biotechnologie eröffnen neue Möglichkeiten für die Entwicklung bahnbrechender Behandlungen. Wir freuen uns darauf, Unternehmer dabei zu unterstützen, auf Grundlage dieser Fortschritte führende Unternehmen im Gesundheitswesen aufzubauen.”

OrbiMed wird von 20 Partnern geleitet sowie durch ein Team von über 150 Fachleuten mit sich ergänzenden Kompetenzen in den Bereichen Unternehmensentwicklung, Strategie, Geschäftsabläufe und Finanzen unterstützt. Das Unternehmen ist an 12 Standorten weltweit in wichtigen Gesundheitsmärkten vertreten.

Zu den Investoren dieser neuen Fonds zählen zahlreiche medizinische Einrichtungen, universitäre Stiftungsvermögen, Stiftungen, Pensionsfonds, Staatsfonds sowie Familienvermögensverwaltungen.

„Wir sind dankbar für die anhaltende Unterstützung unserer vielen langjährigen Investoren”, sagte Carter Neild, geschäftsführender Gesellschafter von OrbiMed. „Wir werden in den kommenden Jahren unermüdlich daran arbeiten, ihre hohen Erwartungen zu erfüllen.”

Informationen zu OrbiMed
OrbiMed ist eine führende Investmentgesellschaft im Gesundheitswesen mit einem verwalteten Vermögen von über 21 Milliarden US-Dollar. OrbiMed investiert weltweit in Unternehmen der gesamten Gesundheitsbranche, von Start-ups bis hin zu großen multinationalen Konzernen, und nutzt dafür Private-Equity-Fonds, Fonds für börsennotierte Aktien sowie Lizenzgebühren- und Kreditfonds. OrbiMed strebt danach, der bevorzugte Kapitalgeber zu sein, und bietet maßgeschneiderte Finanzierungslösungen sowie die umfangreichen Ressourcen seines globalen Teams, um den Aufbau erstklassiger Gesundheitsunternehmen zu unterstützen. Das Team von OrbiMed mit über 150 Fachkräften ist in New York City, London, San Francisco, Shanghai, Hongkong, Mumbai, Herzliya und anderen wichtigen globalen Märkten ansässig. Weitere Informationen finden Sie auf www.orbimed.com.

Voxel51 3.0 unifies search, curation, annotation and evaluation into an end-to-end multimodal data platform.

SAN FRANCISCO, Oct. 15, 2026 — Voxel51, the data platform behind AI systems at some of the world’s leading companies, today announced Voxel51 3.0., a major expansion of its platform for building and managing physical AI datasets.

The next wave of AI is moving from the internet into the physical world. In particular, robotics is entering a phase that resembles the early days of autonomous vehicles: rapid investment, increasingly sophisticated foundation models, and an urgent need for infrastructure built around complex real-world data.

Voxel51 CEO Brian Moore adds, “We saw this play out with our customers building autonomous systems and perception models. The teams that got their data infrastructure right from the start were able to move faster. Physical AI and robotics is at that same inflection point. The companies building that foundation today are going to have a real advantage as their data and models scale.”

Voxel51 3.0 brings the core data workflows for physical AI into a single, extensible platform built for teams moving from prototype to production. New capabilities include:

• Voxel51 Agent: An AI agent that works across the physical AI data loop to search, curate, label, evaluate, and chain actions into repeatable workflows.
• Voxel51 Search: A persistent, hybrid search index that combines semantic search, lexical queries, and metadata filters as datasets grow.
• Voxel51 Annotation: Annotation workflows across 2D, 3D, video, and multimodal data, including automated labeling with vision-language models through Agentic Labeling.
• Multimodal time-series support: Synchronized visualization of sensor streams and segment-level embeddings for finding specific moments within long recordings.
• Data provenance: Activity logs, sample edit history, and dataset versioning that track changes and help teams identify exactly what data went into a model.
• Bring your own models: A model-agnostic architecture that supports foundation models and domain-specific models across embeddings, inference, auto-labeling, and evaluation.
• Free self-service access: The ability to get started with Voxel51 for free at app.voxel51.com

Voxel51 is built for the physical AI data flywheel

Models are getting easier to build. Data work is not. And teams that consistently get models into production invest heavily in the work of systematically finding, fixing, and improving their training data. According to the State of Physical AI 2026 report, exceptional teams are three times more likely than struggling teams to spend more than half their project time on data work.

Voxel51 3.0 brings the core workflows for physical AI into an end-to-end data platform, helping teams move from raw multimodal recordings to searchable, curated training data and support active learning as models improve.

Voxel51 Agent is the most capable agent for the physical AI data flywheel. The agent draws on more than 45 MCP tools, 80+ built-in operations, and dozens of skills to chain actions across search, curation, labeling, evaluation, and other data workflows.

“Physical AI teams don’t need another chat interface sitting on top of their data,” said Voxel51 Product Manager Adonai Vera. “They need an agent that can maintain context across the model development lifecycle and orchestrate actions across the full data flywheel.”

Nebius and Voxel51 partner to connect the physical AI data and compute stack

Nebius and Voxel51 address two of the hardest infrastructure problems in physical AI: compute and data.

Nebius provides predictable performance and reliable cloud infrastructure as an integrated system engineered for AI, while Voxel51 helps teams turn large volumes of raw recordings into model-ready datasets.

Together, the companies are hosting a series of hands-on workshops where developers can run Voxel51 workflows on Nebius AI Cloud. The goal is to help teams build a tighter physical AI data flywheel while spending less time stitching together the underlying data and compute stack.

“Physical AI is the next major frontier for AI because it brings digital intelligence into the world of atoms,” said Evan Helda, Head of Physical AI at Nebius. “But getting there will take more than better models. Robotics teams need the compute, cloud platform, and data infrastructure to turn every deployment, failure and edge case into a faster next iteration. That’s the kind of foundation we’re building with partners like Voxel51.”

About Voxel51

Voxel51 is an end-to-end data platform for physical AI, helping teams turn complex multimodal datasets into better AI models. The platform unifies search, visualization, curation, annotation, and evaluation, with AI-powered workflows that automate data-intensive tasks, while giving developers control over their models and infrastructure. Voxel51 is trusted by teams at Berkshire Grey, Ford, Porsche, and Precision Planting to develop AI systems that operate in the physical world.

SOURCE Voxel51

LOS ANGELES, Oct. 15, 2026 — Uniform Labs, the developer of Multiliquid, the institutional liquidity protocol for tokenized assets, today announced the close of its seed round led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures and Generative Ventures, and Circle Ventures, bringing Multiliquid’s total funding to $8 million.

Tokenized assets, from Treasuries and money market funds to private credit and other real-world assets, represent the fastest-growing frontier in institutional digital finance. However, market adoption remains constrained by traditional primary subscription and redemption cycles that can take days to settle. With federal stablecoin frameworks like the GENIUS Act prohibiting payment stablecoin issuers from paying yield directly to holders, institutions require programmatic rails to rotate between yield-bearing tokenized investments and transactional stablecoins 24/7, at scale, without balance-sheet drag.

Multiliquid delivers that infrastructure. It is a neutral, compliance-first liquidity layer that lets holders swap blue-chip tokenized assets and stablecoins in a single atomic transaction. The protocol supports tokenized funds from premier asset managers, including Wellington Management, VanEck, Janus Henderson and Fasanara, as well as major stablecoins, including USDC.

“Tokenization only matters if the assets are actually liquid,” said Will Beeson, Founder and CEO of Multiliquid. “Traditional capital markets rely on deep repo facilities and overnight lending to keep liquidity moving. On-chain finance requires the same institutional plumbing. Having Polychain lead this round, joined by Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures and Circle Ventures, validates our focus: liquidity and continuous settlement are the next foundational layer for institutional adoption.”

“Tokenized assets have started to gain traction but liquidity remains the bottleneck. Multiliquid is building the connective layer for institutions to move seamlessly between tokenized funds and stablecoins across issuers and venues. Will’s deep experience in this market is unmatched, and we’re excited to back this breakthrough project,” said Olaf Carlson-Wee, Founder of Polychain.

About Multiliquid
Multiliquid is a 24/7 instant settlement platform for tokenized assets, providing continuous, atomic conversion between regulated real-world assets and stablecoins. Founded by veterans of Standard Chartered and UniCredit, Multiliquid enables institutions to eliminate settlement friction across on-chain capital markets. Learn more at multiliquid.xyz.

Contact: [email protected]

SOURCE Uniform Labs

North is approaching $2 billion in managed cloud spend and has helped customers save more than $400 million and is trusted by AssemblyAI, Tines, Atlan, SnapLogic, Emplifi and Imply.

NEW YORK, Oct. 15, 2026 — North.cloud, the financial operating system for cloud, AI and data, today announced it has closed $60 million in Series B funding. The round was led by PeakSpan Capital, with participation from Litquidity Ventures, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures. North will use the funding to expand autonomous optimization across cloud providers, deepen integrations, accelerate AI spend management, and scale its engineering, product, and go-to-market teams.

As companies expand across Amazon Web Services, Google Cloud Platform, and Microsoft Azure while adopting AI services and modern data platforms, infrastructure costs are becoming increasingly interconnected with business growth. In practice, one AI feature can touch several systems at once, making costs harder to predict. Most organizations still manage those costs manually, across separate tools and vendor consoles, leaving engineering and finance teams to piece together fragmented data and make technology investment decisions by hand.

Across nearly $2 billion in managed cloud spend, North has helped customers save more than $400 million. Customers including Assembly AI, Atlan, Tines, SnapLogic, Emplifi, and Imply use North to reduce infrastructure waste, increase compute power per dollar of spend, automate spend intelligence, and drive more sustainable AI adoption.

“In the AI era, there’s a direct line between how efficiently you invest in technology and how smart your product actually is,” said Matt Biringer, CEO and co-founder of North. “North sits inside that stack, automating FinOps in just a few clicks, not a dashboard someone has to interpret. The rest of the market still treats optimization as an engineering problem. We think that’s the wrong bet: it’s a business problem, and it deserves a real fintech platform built on automation and AI, not another tool bolted onto engineering’s plate. North is the first product built to eliminate manual optimization entirely, democratizing FinOps so any company can move faster and run leaner.”

The financing follows the launch of North v3, which expanded the platform to Microsoft Azure, completing coverage across all three major hyperscalers. The release also introduced native integrations with OpenAI, Anthropic, and Snowflake, and extended Autobot, North’s automated commitment laddering engine.

“With North our effective savings rate has held steady at around fifty percent even as our infrastructure has scaled up considerably over the past year,” said Ben Gotthold, Head of Inference at AssemblyAI. “Since partnering with them I haven’t had to think about managing cloud savings. Coverage has grown automatically allowing my team to focus on building for our customers instead of our cloud bill.”

As cloud infrastructure evolves, North is also expanding its platform to address the rapid growth of AI spend. TokenFlow brings model usage, attribution, budgets, and financial controls into the same system companies use to manage cloud infrastructure, reflecting North’s view that these traditionally separate categories are increasingly becoming one financial problem.

“Cloud is where the spend problem started, and AI has only accelerated it, turning infrastructure into the fastest-growing and least-governed line item on the P&L,” said Sanket Merchant, Partner at PeakSpan Capital. “With an estimated 30% of cloud spend wasted, before AI and data costs are even counted, hundreds of billions of dollars that should be fueling growth are lost every year. Our thesis has always been that the winner will not stop at visibility. It will agentically own the entire lifecycle of spend, and North is already doing this. Matt and the team pair a bold vision with the operational rigor to execute on it, and that combination has earned the trust of some of the most innovative, hypergrowth companies in the market. Partnering with founders like Matt is why we do this work. We are grateful for the trust the team has placed in PeakSpan, and we could not be more excited to support them as North builds a consequential business and the category leader. “

“What North has built in product sets the stage for something much bigger than cost optimization: an agentic managed service that does the work of an entire FinOps team, continuously,” said Yaseen Abdulridha, Vice President at PeakSpan Capital. “That surface area was once limited to cloud spend, and it has now expanded dramatically to cover the AI and data platforms every modern business runs on. We are energized by how quickly North has moved to meet that moment, and even more by what it means for customers who will never have to build that team themselves.”

North.cloud was represented by Founders Form, which served as legal counsel on the round.

About North.cloud

North.cloud is the infrastructure spend intelligence and automation platform for modern businesses. North gives finance and engineering teams a single system to understand, optimize, and automate spend across cloud, AI, and data, completely eliminating the need for manual oversight. The company is trusted by AssemblyAI, Atlan, SnapLogic, and Imply, is approaching $2 billion in managed cloud spend, and has helped customers save more than $400 million with a 98.8% retention rate.

Media Contact
Sara Gharnit
VP of Marketing
North.cloud
[email protected]
516-508-8611

SOURCE North.cloud

Brings total raised to $130M, former PURE Chief Underwriting Officer joins as President of P&C and former Nephila executive joins as CFO. Total insured value grows 10X to $10B.

SAN FRANCISCO, Oct. 15, 2026 — Stand today announced it has raised a $70 million Series C at a $1 billion valuation. The round was led by Saga Ventures with participation from Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures, among others. Stand now insures more than $10 billion of property, up from $1 billion a year ago. The company is building toward a single mission: to insure all the world’s resilient property, by making homes safer and thus insurance cheaper.

Disasters are getting bigger and more frequent. A billion-dollar weather disaster now strikes the U.S. every 10 days. For many homeowners, insurance has become expensive, hard to find, and unpredictable. Premiums jump, coverage gets harder to renew, and families are often left scrambling, even when nothing about their home has changed. That’s because insurance is still priced by looking backward at past disasters. Stand believes the answer is physics: simulate how a home will actually perform in a disaster, make it resilient, and insure it with confidence for decades. This means safer homes, cheaper insurance and more durable coverage.

It starts with simulation. The Stand World Model creates a digital representation of every home and simulates how it will perform under fire, wind, and other disasters. It accounts for the home’s construction, its surroundings, and the weather it faces. Instead of waiting decades for history to reveal what works, Stand pulls the future forward. It shows exactly what makes a specific home vulnerable and the most cost-effective ways to protect it.

Stand helps make the home resilient. Stand analyzes a specific home and recommends improvements to increase safety while preserving character. Stand also helps owners do the work: it guides each step, connects them with trusted partners, and confirms completed improvements on their behalf.

Stand insures it for the long run. Resilient homes are less likely to burn in a wildfire, and Stand shares the savings from this reduction in risk with homeowners in the form of discounts of up to 70%. Just as important, they earn stability. Since the properties are resilient to disasters, owners and their brokers can count on highly competitive, stable prices and coverage over time.

“Disasters follow the laws of physics, and insurance should too,” said Dan Preston, co-founder and CEO of Stand. “If your home is resilient, you should be rewarded with a low premium and never have to worry about losing your coverage. We want to insure every resilient property in the world, and help make every property safe.”

Leadership additions

Stand also announced the addition of two senior executives to continue to scale growth.

Drew Saad joins as President of Property & Casualty. He was most recently Chief Underwriting Officer at PURE Insurance, where he led underwriting for one of the country’s leading high-net-worth insurers.

“The companies that reshape a market for decades are the ones that identify a fundamentally better way to understand risk, and Stand has done that for the homes exposed to natural disasters,” said Saad. “With the science already in place, the opportunity now is to build an insurance operation that matches it and scales it to every market that needs it. That is the work I have spent my career preparing for, and it is why I joined Stand.”

Tony Landi joins as Chief Financial Officer. He was most recently Head of Strategic Growth at Nephila, one of the world’s largest fund managers of catastrophe reinsurance. Before that, he was Head of Reinsurance & Capital Management at Openly and Head of Portfolio Management at Everest Re. At Stand, he will lead finance, reinsurance, capital markets, and growth strategy as the company scales.

“What drew me to Stand is the depth of the team, with real experts in physics, underwriting, and product working on the same problem,” said Landi. “My job is to make sure that as Stand grows, the capital is there to support it, from our investors and our reinsurance partners alike. We’ll do that by building diversified, resilient portfolios and matching risk and returns to capital appetite.”

About Stand

Stand protects and insures homes in catastrophe-exposed regions by partnering with homeowners to understand what drives their risk and physically strengthen their properties. Stand underwrites and services policies issued by Concert Specialty Insurance Company (AM Best A-) in California and Stand Insurance Exchange (Demotech A) in Florida, reinsured by AM Best A and A+ reinsurers such as Arch, RenaissanceRe, Hannover, Nephila, and Hiscox. Learn more at standinsurance.com.

Media Contact

[email protected]

SOURCE Stand Insurance

TIME recognizes TBC’s breakthrough in translating discoveries from living neurons into faster and more efficient AI models.

SAN FRANCISCO, Oct. 15, 2026 — The Biological Computing Co. (TBC), an applied biological computing company, today announced that its neuron-derived technology, behind its first AI model, has been named to TIME’s Best Inventions of 2026.

TBC has built a biological discovery platform that translates how living neurons process information into technology that improves AI models running on silicon the world has deployed. The award-winning software adapter is the first commercial product to emerge from this platform, with video generation as its first application.

“The brain is the most efficient computer we know, and we’re learning directly from it to build better AI,” said Alex Ksendzovsky, co-founder and CEO of TBC. “Our first application in AI video generation demonstrates what’s possible when we apply discoveries from living neurons to AI. And the opportunity extends far beyond video. We’re building a discovery platform that can scale these advances across AI models and ultimately change how AI is designed and run.”

Video generation is among the most computationally demanding applications of AI. TBC’s neuron-derived technology makes existing AI video models faster and less expensive to run, using the same silicon and infrastructure customers already have.

To compile its annual Best Inventions list, TIME solicits nominations from its editors and correspondents around the world and through an online application process. Contenders are evaluated on originality, efficacy, ambition and impact.

See the full list at ti.me/best-inventions.

About The Biological Computing Co. (TBC)

The Biological Computing Co. (TBC). is an applied biological computing company that uses living neurons to improve AI models. TBC makes intelligence radically more efficient by learning from biology. Discoveries in real neurons improve AI models that run on silicon the world already owns. Customers get better AI without changing their infrastructure. Headquartered in San Francisco, TBC is a fast-growing team of neuroscientists, biologists, AI researchers and engineers redefining how the world computes.

Media Contact
[email protected]

SOURCE The Biological Computing Co.

Former Appen CEO and Dell Technologies cloud and AI executive joins board to advance PointClickCare’s AI-first healthcare strategy

TORONTO, Oct. 15, 2026 — PointClickCare, a leading health tech company helping providers deliver exceptional care, today announced the appointment of Armughan Ahmad to the company’s board of directors.

Ahmad brings over 25 years of enterprise technology leadership and has built and led multi-billion-dollar businesses through the industry’s major platform shifts, from enterprise data centers to cloud computing to today’s era of artificial intelligence. He previously served as Chief Executive Officer of Appen (ASX: APX), an AI data company serving leading AI labs, hyperscalers, and large enterprises. Prior to Appen, he was President and Managing Partner of Digital at KPMG, where he led the digital business delivering services with software products. Earlier he served as Senior Vice President and General Manager at Dell Technologies, where he oversaw the Hybrid Cloud and High-Performance Computing solutions portfolio, including bringing AI systems to market with NVIDIA.

“We’re thrilled to welcome Armughan to our board of directors. As we continue to advance our vision of an AI-first future for healthcare, his extensive track record of scaling technology businesses and guiding AI strategies through major industry shifts will be invaluable,” said Dave Wessinger, co-founder and chief executive officer at PointClickCare. “Armughan’s deep AI expertise and strategic vision will support our efforts to drive clinical and operational innovation for our customers.”

Today, Ahmad actively advises C-suite executives on leveraging AI to turn services into software and invests in AI-first software start-ups. He currently serves as an independent board director at Flexential, which manages 40 data centers across the U.S., and as a board director of Trillium Health Partners, a leading Ontario hospital system. Ahmad holds honorary Doctor of Laws degrees from McMaster University (DeGroote School of Business) and the University of Waterloo (Faculty of Engineering).

“PointClickCare is at the forefront of healthcare technology, leveraging data and innovation to make a real impact on care delivery and patient outcomes,” said Ahmad. “I am honored to join the board at such a pivotal time in the company’s evolution and look forward to collaborating with the entire leadership team to accelerate our AI strategy and fuel the next phase of growth.”

Ahmad’s appointment further enhances PointClickCare’s board capabilities across technology, SaaS, and AI sectors. Concurrent with this transition, Rob Eberle has concluded his service on the board of directors.

“We extend our sincere gratitude to Rob for his leadership, dedication, and valuable contributions to PointClickCare during his 11+ years on the board,” said Wessinger.

For more information about PointClickCare’s leadership team and board of directors, please visit here.

About PointClickCare

PointClickCare is a leading health tech company with one simple mission: to help providers deliver exceptional care. With the largest long‐term and post‐acute care dataset, we power AI-driven healthcare to deliver intelligent transitions, insightful interventions, and improved financial performance. Enhanced by our marketplace of 500+ integrated partners and trusted by over 30,000 provider organizations and every major U.S. health plan, we’re redefining healthcare, so it doesn’t just survive—it thrives.

Media Contact:
PointClickCare
[email protected]

SOURCE PointClickCare

Annual originations more than quadrupled from 2022 to 2025 and reached $867 million in the first nine months of 2026; company introduces new brand and website

NEW YORK, Oct. 15, 2026 — SBG Funding, a New York City-based small-business financing company, has delivered more than $3 billion in financing to more than 28,000 U.S. small businesses since it was founded in 2017, the company announced today. SBG Funding also introduced a new brand identity, built around the line “Capital That Keeps Up,” and a new website at sbgfunding.com.

The company’s annual originations grew from $7.9 million in its first months of operation in 2017 to $189 million in 2022, $422 million in 2024 and $794 million in 2025. Through September 2026 it originated $867 million, already more than in all of 2025, and it is on pace for $1.15 billion this year. SBG Funding was named to the Inc. 5000 list of America’s fastest-growing private companies for the fifth consecutive year in 2026, ranking No. 778.

The new brand puts the company’s mission up front: fast, flexible and responsible capital for the small-business community. SBG Funding works with established companies that have steady revenue, and owners use its financing for needs such as payroll through a slow season or equipment for a new contract.

“Small businesses don’t schedule their opportunities. A contractor wins a bid on Monday and needs equipment by Friday, or a restaurant’s walk-in cooler fails in the middle of July. Capital That Keeps Up is our promise that the money moves as fast as those owners do, and after more than 64,000 transactions, we know what that takes,” said Jeffrey Sachs, founder and CEO of SBG Funding.

The new website is built around how the company works today. Through one application, a business owner can be matched with revenue-based financing, a term loan, a line of credit, equipment or invoice financing, or SBA financing of up to $10 million, with a dedicated adviser handling the file from application to funding. Applying does not affect the owner’s credit score, and decisions typically come within 24 hours.

“When a customer comes back for more capital, their adviser already knows the business. That’s a big reason the second decision is often faster than the first,” said Adam Block, vice president of sales and operations at SBG Funding.

About SBG Funding

SBG Funding is a New York City-based small-business financing company serving businesses across all 50 U.S. states. Since 2017, it has delivered over $3 billion in financing to more than 28,000 U.S. small businesses. SBG Funding is a direct provider of revenue-based financing and a marketplace offering a broad range of funding solutions through an extensive network of lenders.

SBG Funding is led by Jeffrey Sachs, founder and CEO. Its mission is to provide fast, flexible and responsible capital to the small-business community. Customers have come back for more than 64,000 transactions in total, which the company credits to fast decisions and advisers who understand how small-business cash flow works.

SBG Funding’s products include revenue-based financing, term loans, lines of credit, equipment financing, invoice financing and SBA financing up to $10 million. The company serves small businesses across many industries, with concentrated activity in construction, manufacturing, medical and health care, retail, food and beverage, and trucking and transportation. SBG Funding is a five-time Inc. 5000 honoree and maintains a 4.9-star Trustpilot rating.

To learn more, visit sbgfunding.com.

Media contact: Jay Egger, SBG Funding, [email protected]

SOURCE SBG Funding

NASHVILLE, Tenn., October 15, 2026 — Relevance Ventures (“Relevance”), one of the only independently owned Native American venture capital firms in the United States, today announced the expansion of its platform under the Relevance Capital brand to support established companies through a funded independent sponsor model. James Carey, a veteran private equity investor, joins as Managing Partner of Relevance Capital.

“Our venture strategy remains unchanged, but James gives us the experience and relationships to capitalize on lower-middle-market opportunities using an independent sponsor model,” said Cameron Newton, Managing Partner of Relevance Ventures. “We’ve listened carefully to the market and to our LPs, and this is a natural evolution of the Relevance platform. At the same time, the independent sponsor structure gives our investors greater choice through select co-investments in businesses with established revenue, profitability, and operating histories.”

Relevance Capital will pursue a new growth equity strategy focused on more established, profitable health companies operating within the broader Relevance platform. Carey will lead its investment activity, targeting companies that typically generate approximately $1 million to $15 million of EBITDA with established operations and clear opportunities for continued growth, extending Relevance’s reach later into the growth journey, while Relevance Ventures continues its existing venture focus on companies generating $1 million to $10 million in revenue with scalable solutions, large TAMs, and clear paths to profitability.

Relevance Capital will benefit from a differentiated competitive advantage through its ability to pursue new investments with a portion of the equity capital already committed through the broader Relevance network, providing greater transaction certainty, execution speed, and flexibility. Relevance Capital will identify and underwrite individual transactions and assemble additional capital around select opportunities. The approach complements Relevance’s traditional fund investing, giving its investor network access to later-stage co-investment opportunities on a deal-by-deal basis, offering more discretion to choose which opportunities to join and cultivated with the discipline of a firm that has deliberately stayed small.

“The lower middle market has always been compelling to me because you are working with real businesses at meaningful inflection points,” said Carey. “These companies have established customers, revenue, and profitability, but often reach a point where the right capital partner can help accelerate growth, pursue acquisitions or enter the next phase of the business. Relevance Capital gives us the flexibility to find those companies first and build the right investment structure around each opportunity.”

“This is an extension of something we have been doing naturally for years,” said Dean Newton, Chairman and General Partner of Relevance Ventures. “James allows us to institutionalize our capabilities and take it into the broader lower middle market. What is particularly interesting is combining an established venture platform and LP network with the flexibility of the independent sponsor model. We think that is a differentiated place to operate and a unique value proposition.”

Carey joins Relevance from Next Sparc Growth Partners, the single-family office of entrepreneur Len Pagon, where he served as Partner and Head of M&A. He brings more than 20 years of private markets experience across private equity, growth investing, and transaction sourcing and execution, including significant time at global private equity firm H.I.G. Capital, along with deep relationships across the lower-middle-market private equity and intermediary communities.

“South Florida has become a very different investment market over the last five years,” Carey added. “Miami is now the leading market in America for private capital, with private equity firms, family offices, hedge funds, entrepreneurs and operating companies continuing to build a presence here. I’ve spent my professional career in this market, and I’m excited to firmly cement Relevance into that ecosystem while executing Relevance Capital’s strategy on a national basis.”

Carey will be based in South Florida, where Relevance also plans to establish a physical presence in Miami, further extending its geographic growth beyond Nashville, Charlotte, and Denver. Carey has lived and worked in South Florida for more than two decades and brings extensive relationships across the region’s private equity, investment banking, professional services, and business communities.

About Relevance Ventures
Relevance Ventures is a Native American, privately owned and operated venture capital firm with more than $100 million under management. The firm invests in high-growth companies across personal health, community health, digital health, and financial health. Founded by Cameron and Dean Newton, Relevance is headquartered in Nashville, Tennessee, with an expanding presence in multiple U.S. growth markets. The Newtons are members of the Patawomeck Tribe of Virginia.

For more information, visit www.Relevanceventures.com.

SOURCE Relevance Ventures