Soverli Raises $2.6M Pre-Seed to Bring Secure and Convenient Digital Freedom to Every Smartphone

Soverli Raises $2.6M Pre-Seed to Bring Secure and Convenient Digital Freedom to Every Smartphone




Soverli Raises $2.6M Pre-Seed to Bring Secure and Convenient Digital Freedom to Every Smartphone

ETH Zurich spin-off Soverli launches a sovereign OS layer for any commercial smartphone — independent of Android and iOS, yet fully compatible and requiring no hardware changes.

Zurich, Dec. 15, 2025 (GLOBE NEWSWIRE) — Digital sovereignty is rapidly becoming one of Europe’s defining geopolitical priorities, driving billions in investment across sovereign cloud, AI, national networks, and next-generation sovereign communication. Despite the scale of these efforts, smartphones remain the last unclaimed frontier of digital sovereignty. These devices — now central to nearly everyone’s daily life and relied upon by governments, emergency services, and critical industries — are still un-auditable Android and iOS black boxes. This not only undermines sovereignty but creates systemic fragility: a single faulty update (as seen in the CrowdStrike global outage) or hidden kill switch can take hundreds of millions of devices offline, raising serious questions about the suitability of these devices for mission-critical infrastructure. Even for individuals seeking more control, the only option today is to abandon everyday convenience to run an alternative operating system — a trade-off few can realistically make. 

Soverli, a cybersecurity company, has raised USD 2.6 million in pre-seed funding to introduce a sovereign smartphone architecture that, crucially, works alongside Android and iOS. This makes true mobile sovereignty accessible to every OEM, enterprise, government, and consumer. The pre-seed round was led by Founderful, with participation from the ETH Zurich Foundation, Venture Kick, and leading figures in cybersecurity, adding strong validation from experts in high-assurance systems and trusted computing. 

Soverli co-founders: Ivan Puddu (CEO) and Moritz Schneider (CTO). CREDIT: Daniel Kunz.

Developed over more than four years of research at ETH Zurich, Soverli’s patent-pending methodology enables multiple operating systems (OS) to run in isolation – simultaneously – on a single device. This effectively turns every commercial phone into sovereign infrastructure. For the first time, a fully sovereign, customizable, and auditable OS can run in parallel to Android — on any smartphone, with zero trade-offs: users keep the full Android experience on one OS and can switch to the sovereign OS in milliseconds at the press of a button.

As a showcase of what this can enable, Soverli demonstrated Signal running inside its bespoke sovereign OS: by reducing the attack surface by 500× and isolating the app from Android entirely, Signal’s messages remain confidential even if Android is malicious or compromised with spyware. And because Soverli requires no hardware modifications, this level of protection works on today’s commercial smartphones without impacting what people can do with them.

Soverli’s relevance has grown as Europe and other regions race to strengthen digital sovereignty and ensure business continuity for governments, mission-critical personnel, and essential industries. Today’s secure-phone solutions force a tradeoff between security and usability as they remove features, restrict apps, or require users to reboot between operating systems. Soverli eliminates that compromise entirely, delivering sovereign-grade security without sacrificing usability.

“Availability is mission-critical, yet organizations still rely on operating systems they cannot control or audit,” said Ivan Puddu, co-founder and CEO of Soverli. “We built a fully-auditable smartphone sovereign layer that stays operational even when Android is compromised. It’s a paradigm shift: instead of hoping the OS never breaks, Soverli guarantees continuity if it does, without forcing users to give up the modern smartphone experience they expect.”

Soverli’s early prototypes, developed at ETH, quickly drew the attention of governments, public-sector stakeholders, and enterprises seeking stronger operational safety and business continuity without forcing users onto locked-down smartphones. Interest surged further when European smartphone manufacturers and integrators recognized the strategic potential of the technology. That momentum made the spin-out inevitable, leading the team to build Soverli as an independent company.

The first application is built  for mission-critical communication. Public sector pilots are underway with organizations responsible for emergency response and critical infrastructure, where high availability is essential. If Android fails because of a misconfiguration or attack, as seen recently with large-scale outages triggered by software updates, Soverli’s enabled isolated environment keeps running on its own dedicated software stack. This allows communication and essential workflows to remain operational, which is vital for teams such as police officers, firefighters, EMTs, and other first responders. The same architecture protects journalists and human rights workers by allowing secure messaging apps to run inside an isolated environment that attackers cannot see, even if the main OS has been compromised. Enterprises are exploring Soverli for secure bring-your-own-device programs, giving employees a private environment alongside a tightly controlled business workspace — achieving stronger protection for business data without requiring the privacy concessions employees face on today’s company-managed devices.

“People deserve phones they can actually trust, and OEMs must deliver it,” said Antonia Albert, Investor at Founderful. “Soverli’s Swiss-made sovereign layer is the kind of breakthrough that can rewrite the rules of mobile security.”

The broader context is a rapid shift toward digital sovereignty, spearheaded by Europe, where governments and enterprises are seeking infrastructure that provides both independence and state-of-the-art capability. Cloud providers have begun offering sovereign regions, yet smartphones remain a major unresolved gap. Secure communication tools, MDM systems, and hardened devices all depend on the underlying operating system remaining trustworthy. Soverli’s architecture introduces a new model in which institutions can enforce their own security posture on consumer-grade hardware without requiring custom phones or sacrificing usability.

With the new funding, Soverli will grow its engineering team, bring its techonology to more smartphone models, strengthen integrations with mobile device management systems, and scale partnerships with OEMs. Long term, the company aims to set a new standard for how software is layered on phones, making true digital sovereignty available to everyone on every commercial smartphone.

Media images can be found here.

About Soverli
ETH Zurich spin-off Soverli AG, is a Zurich-based cybersecurity company providing a patent-pending platform that packs multiple fully isolated phones into one device — delivering the highest level of security without compromising on convenience and unlocking true digital sovereignty. By enabling independent operating systems to run in parallel on the same smartphone alongside Android and iOS, Soverli helps enterprises, governments, financial institutions, and every consumer combine strong security, user freedom, and modern app ecosystems.

About Founderful
Founderful is Switzerland’s leading pre-seed fund, backing founder teams building tech companies with the potential to become global market leaders. Founderful has a track record of supporting exceptional founders in creating breakthrough companies and has the passionate conviction that the Swiss startup ecosystem is just starting to write its best success stories.

NeXtGen™ Biologics Secures Favorable Outcome in Inter-Partes Patent Review

NeXtGen™ Biologics Secures Favorable Outcome in Inter-Partes Patent Review




NeXtGen™ Biologics Secures Favorable Outcome in Inter-Partes Patent Review

GAINESVILLE, Fla., Dec. 11, 2025 (GLOBE NEWSWIRE) — NeXtGen Biologics is pleased to report that the USPTO declined to initiate Inter Partes Review (“IPR”), following the filing by RegenX Science of two IPR Petitions in February 2025 requesting the cancellation of certain claims in NeXtGen’s US Patent Nos. 10,617,790 and 11,660,376, leaving the patents intact and fully enforceable. RegenX Science was formerly a licensee under these patents.

“True innovation to transform patient lives is at the heart of NeXtGen’s mission. Its patented NeoMatriX® Wound Matrix is a state-of-the-art solution for patients suffering from chronic and difficult to heal wounds,” said Jonelle Toothman, NeXtGen Biologics co-founder and CEO. “I want to thank Patent-Arts and the team at Duane Morris for their commitment to securing our technology for use in caring for patients.”

This outcome solidifies the strength of the Company’s patents as the foundation of NeXtGen’s platform technology. The first of its kind, NeXtGen’s NeoMatriX® wound care product is an FDA cleared medical device. Where other products and the “standard of care” procedures failed to achieve wound closure, NeoMatriX has been successful in addressing many types of chronic wounds, including diabetic ulcers (avoiding amputations), post-Mohs procedures, and some challenging surgical wounds.

NeXtGen is looking ahead to the expansion of its patent portfolio and product offerings. Future indications being explored include use in plastic surgery, orthopedic (tendon and bone), cardiovascular, and neurosurgical applications.

To invest or learn more about NeXtGen™ Biologics, visit nextgenbiologics.com. Interested investors can contact Jonelle Toothman at 904-599-3264 or jltoothman@nextgenbiologics.com.

Each year, 12 million U.S. patients suffer traumatic lacerations treated in the ER and 250 million people worldwide undergo surgical incisions. Chronic wounds affect 6.5 million people. In many cases, these conditions carry risk of scar formation, adhesions, incomplete remodeling, and infection. NeXtGen is introducing what it believes to be a truly “next generation” platform technology for wound care and related regenerative technologies. NeoMatriX® Wound MatriX: Our first indication is in the wound care market, where we will be targeting acute wounds such as surgical wounds, trauma wounds, burns and lacerations, as well as chronic wounds.

About NeXtGen Biologics, Inc.

Headquartered in Alachua, FL, NeXtGen Biologics is a medical device company with a suite of patents covering an extracellular matrix (ECM) platform technology derived from the axolotl. Leveraging expertise in medical devices and breakthrough tissue technologies, the company is developing advanced solutions to address complex challenges in wound care, trauma, plastic surgery, cardiovascular disease, neurosurgery, orthopedics, and ophthalmology.

Contact: Jonelle Toothman, 904-599-3264, jltoothman@nextgenbiologics.com

AR Ventures Announces Small-Cap IPO Consulting Service for Startups

AR Ventures Announces Small-Cap IPO Consulting Service for Startups




AR Ventures Announces Small-Cap IPO Consulting Service for Startups

Empowering startups to go public while preserving equity and reducing dependency on venture capital funding.

UMM AL QUWAIN and DUBAI, United Arab Emirates, Dec. 10, 2025 (GLOBE NEWSWIRE) — AR Ventures announced today that it is starting a new IPO consulting service. This service will help fast-growing tech startups enter public markets. They will focus on small-cap IPOs, micro-cap IPOs, and direct listings of shares. Startups can do this without giving up control to late-stage venture capital.

Founded by serial entrepreneur and venture capitalist Alexander Rugaev, AR Ventures works with revenue-generating startups across AI, robotics, fintech and SaaS that are ready to scale globally but are too small – or too independent – for billion-dollar VC funds. The new service is designed to show founders that “go public” is no longer a distant endgame, but a realistic financing option at much earlier stages.

“Founders are told the only path is round after round of VC and a distant exit,” said Alexander Rugaev, founder of AR Ventures. “That story is outdated. In many cases, a small-cap IPO or micro-cap IPO can deliver more capital, better valuation and real liquidity – while the founder keeps the steering wheel of the company.”

Solving the “stuck between VC rounds” problem

Many startups with solid revenue, real customers and proven products still struggle to raise growth capital. They are too advanced for seed funds, not big enough for late-stage megafunds, and often unwilling to accept the heavy dilution and aggressive governance that comes with another private round.

AR Ventures’ small-cap IPO consulting service focuses on this underserved segment:

  • Typically $5–50 million in annual revenue and strong growth
  • Operating in regulated, high-trust sectors such as AI, robotics, fintech, infrastructure and industrial tech
  • Ready to enter or expand in global markets, but constrained by private funding options

For these founders, a small-cap or micro-cap listing on exchanges such as NYSE American or similar global small-cap markets can be a powerful alternative to another dilutive financing round.

“Our niche is translating Wall Street into founder language,” Rugaev added. “We sit on the founder’s side of the table and show them exactly what it takes to do a small-cap IPO or direct listing – the costs, the timelines, the realistic outcomes – so they can make an informed decision instead of blindly following the VC playbook.”

Why small-cap IPOs and direct listings are back on the agenda

Public markets have evolved. Today, micro-cap and small-cap IPOs can:

  • Provide earlier liquidity to founders and early investors
  • Unlock higher valuation multiples than late-stage private rounds in many tech verticals
  • Open doors to institutional, family-office and sovereign investors who rarely participate in small private deals
  • Strengthen brand credibility with enterprise and government customers who prefer public, transparent counterparties

AR Ventures usually works with founders from MENA, Europe, and Asia. The firm also helps with cross-border listings and dual-jurisdiction strategies when they are useful.

Call to action

Founders and investors interested in exploring a small-cap IPO, micro-cap IPO or direct listing of shares can learn more and request an initial consultation at:

  • AR Ventures – https://arventures.io
  • Alexander Rugaev – https://rugaev.com
CONTACT: Alexander Rugaev
info@arventures.io

AR Ventures Announces Small-Cap IPO Consulting Service for Startups

AR Ventures Announces Small-Cap IPO Consulting Service for Startups




AR Ventures Announces Small-Cap IPO Consulting Service for Startups

Empowering startups to go public while preserving equity and reducing dependency on venture capital funding.

UMM AL QUWAIN and DUBAI, United Arab Emirates, Dec. 10, 2025 (GLOBE NEWSWIRE) — AR Ventures announced today that it is starting a new IPO consulting service. This service will help fast-growing tech startups enter public markets. They will focus on small-cap IPOs, micro-cap IPOs, and direct listings of shares. Startups can do this without giving up control to late-stage venture capital.

Founded by serial entrepreneur and venture capitalist Alexander Rugaev, AR Ventures works with revenue-generating startups across AI, robotics, fintech and SaaS that are ready to scale globally but are too small – or too independent – for billion-dollar VC funds. The new service is designed to show founders that “go public” is no longer a distant endgame, but a realistic financing option at much earlier stages.

“Founders are told the only path is round after round of VC and a distant exit,” said Alexander Rugaev, founder of AR Ventures. “That story is outdated. In many cases, a small-cap IPO or micro-cap IPO can deliver more capital, better valuation and real liquidity – while the founder keeps the steering wheel of the company.”

Solving the “stuck between VC rounds” problem

Many startups with solid revenue, real customers and proven products still struggle to raise growth capital. They are too advanced for seed funds, not big enough for late-stage megafunds, and often unwilling to accept the heavy dilution and aggressive governance that comes with another private round.

AR Ventures’ small-cap IPO consulting service focuses on this underserved segment:

  • Typically $5–50 million in annual revenue and strong growth
  • Operating in regulated, high-trust sectors such as AI, robotics, fintech, infrastructure and industrial tech
  • Ready to enter or expand in global markets, but constrained by private funding options

For these founders, a small-cap or micro-cap listing on exchanges such as NYSE American or similar global small-cap markets can be a powerful alternative to another dilutive financing round.

“Our niche is translating Wall Street into founder language,” Rugaev added. “We sit on the founder’s side of the table and show them exactly what it takes to do a small-cap IPO or direct listing – the costs, the timelines, the realistic outcomes – so they can make an informed decision instead of blindly following the VC playbook.”

Why small-cap IPOs and direct listings are back on the agenda

Public markets have evolved. Today, micro-cap and small-cap IPOs can:

  • Provide earlier liquidity to founders and early investors
  • Unlock higher valuation multiples than late-stage private rounds in many tech verticals
  • Open doors to institutional, family-office and sovereign investors who rarely participate in small private deals
  • Strengthen brand credibility with enterprise and government customers who prefer public, transparent counterparties

AR Ventures usually works with founders from MENA, Europe, and Asia. The firm also helps with cross-border listings and dual-jurisdiction strategies when they are useful.

Call to action

Founders and investors interested in exploring a small-cap IPO, micro-cap IPO or direct listing of shares can learn more and request an initial consultation at:

  • AR Ventures – https://arventures.io
  • Alexander Rugaev – https://rugaev.com
CONTACT: Alexander Rugaev
info@arventures.io

Buildcheck Raises $5.9M to Launch AI-Powered Construction Design Review Platform

Buildcheck Raises $5.9M to Launch AI-Powered Construction Design Review Platform




Buildcheck Raises $5.9M to Launch AI-Powered Construction Design Review Platform

Construction design errors cost billions annually — Buildcheck catches issues before they reach the field, delivering 10–35x ROI for developers and contractors

San Francisco — December 9, 2025, Dec. 09, 2025 (GLOBE NEWSWIRE) — Buildcheck AI, Inc. (“Buildcheck”), an AI-powered construction design review platform, today announced it has raised $5.9 million in seed funding, led by Uncork Capital with participation from Peterson Ventures and Xfund, alongside strategic angel investments from founders and senior executives at OpenAI, Opendoor, CBRE, Zillow, and more.

Buildcheck’s AI platform analyzes construction drawings across all major disciplines — architectural, structural, civil, mechanical, electrical, and plumbing — performing hundreds of checks that detect errors, omissions, and coordination issues, catching costly conflicts human reviewers typically miss. Already serving more than 50 paying customers, including AvalonBay Communities and Novo Construction, Buildcheck delivers 10–35x ROI by preventing field issues during pre-construction. 

“Every missed issue in a drawing becomes a surprise expense on-site,” said Joe Kirchofer, senior vice president – Northern California, AvalonBay Communities. “We traditionally performed manual drawing reviews of our large projects, but we were looking for a more efficient method. Buildcheck helps us reduce risk and make better use of our time and capital.” 

The startup has already won awards on an international scale, including the Cemex Construction Startup Competition 2025, EllisDon 2025 ConTech Accelerator, Cityscape Global 2025, 2025 Buildex Alberta, and the 2025 Setia AI and PropTech Innovation Challenge (powered by Ibex).

“General contractors and commercial real estate developers are facing increasing challenges with design quality, accuracy, and errors, and we could not be more thrilled with the response and rapid adoption of our technology, saving our customers time, money, and headaches throughout the pre-construction process,” said Alexander Michalatos, CEO and co-founder of Buildcheck. Michalatos’ background includes managing technical scopes on major construction projects, such as Canada’s $600 million North Island Hospitals.

Michalatos and co-founders Andrei Molchynsky and Alex Gureev combine deep construction management experience with advanced AI development to bridge the persistent gap between how projects are designed and how they’re built.

“Our AI analyzes 2D drawings like an experienced construction professional — but faster, more consistently, and across every discipline simultaneously. Our technology isn’t just automating review; it’s setting an entirely new standard of accuracy and efficiency in pre-construction, and it’s rewarding to see the industry embrace an innovation we’ve made possible,” said Gureev, who leads the company’s AI development. 

“Our customers are catching issues that would have cost them hundreds of thousands of dollars in change orders and delays. Beyond quality control, Buildcheck turns design reviews into an investment — helping teams move faster, reduce RFIs, and protect margins,” added Molchynsky. 

The company’s AI models continue to improve through collaborations with leading research institutions, including MILA and AMII, as well as expert advisors from OpenAI, ServiceNow, and Oxford University.

“Construction is a $12 trillion market where design errors create more than $200 billion in waste each year,” said Amy Saper, partner at Uncork Capital. “Buildcheck combines deep domain expertise with a computer vision platform that catches issues in drawings early, before they turn into costly problems in the field. They’ve built an elegant and effective AI application that is already delivering measurable ROI for general contractors, developers, and designers, tightening review cycles and improving accuracy where it matters.”

The funding will accelerate Buildcheck’s AI model development, grow its engineering and operations teams, and expand the platform’s feature-set to continue exceeding customer expectations.

About Buildcheck
Buildcheck is an AI-powered design review platform that detects errors, omissions, and coordination conflicts in construction drawings. Founded by Alexander Michalatos, Andrei Molchynsky, and Alex Gureev at Stanford University, Buildcheck serves more than 50 construction organizations, including major developers and general contractors. Buildcheck’s computer vision technology analyzes 2D construction documents across all disciplines, delivering 10–35x ROI by preventing costly field issues during pre-construction. Learn more at buildcheck.ai.

Media Contact:
Melinda Hepp
Studio PR
melinda@studiopr.com

Contact Info

Ava Hanak
ava@studiopr.com
+1 415-696-2622

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Empower Semiconductor Expands Global Footprint with New Silicon Valley Headquarters and Munich R&D Office

Empower Semiconductor Expands Global Footprint with New Silicon Valley Headquarters and Munich R&D Office




Empower Semiconductor Expands Global Footprint with New Silicon Valley Headquarters and Munich R&D Office

Scaling a dramatic increase in engineering capacity to meet AI and hyperscaler demand

MILPITAS, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) — Empower Semiconductor, the world leader in powering artificial intelligence (AI)-class processors, today announced a major expansion of its global operations with the opening of its new headquarters in Milpitas, California, and the establishment of a dedicated research and development (R&D) center in Munich, Germany. These strategic investments, following its successful series D financing round, are aimed at accelerating Empower’s technology lead and supporting a considerable increase in customer demand.

Empower’s new headquarters will enable substantial growth in R&D, applications, product engineering and reliability teams. This expanded space is purpose-built to support rapid development of Empower’s next-generation vertical power-delivery platforms and derivatives.

In parallel, Empower has strengthened its European presence with the opening of a new design center in Munich, Germany. The Munich site serves as a regional innovation hub.

“The successful introduction of our industry-leading AI vertical power platform, known as Crescendo, has necessitated the scaling up of our engineering and manufacturing capacity,” said Tim Phillips, founder & CEO of Empower Semiconductor. “We’re now in a position to both accelerate our roadmap and provide the expansive capacity our customers demand.”

“We’re shortening our development cycles while broadening our portfolio,” added Trey Roessig, CTO and senior vice president of engineering at Empower. “This step is instrumental in providing the breakthrough innovations the AI industry has been asking for.”

These moves mark a significant milestone in Empower’s growth strategy as the company delivers the industry’s most advanced, highest-density and highest-bandwidth power solutions for next-generation AI and high-performance computing architectures.

About Empower Semiconductor
Empower Semiconductor, based in Silicon Valley, powers the AI revolution with its FinFast™ technology by reducing the energy footprint and total cost of ownership of data centers. Its transformational integrated voltage regulators deliver on-demand scalable power with the speed, precision and signal integrity required by AI processors. Empower’s power-management architecture shrinks solution footprint, height and component count, achieving vertical power delivery with unprecedented power density and efficiency. Learn more at www.empowersemi.com and follow us on LinkedIn.

All trademarks and registered trademarks are the property of their respective owners.

Media Contact for Empower Semiconductor:
Sandy Fewkes
Senior Public Relations Manager
Kiterocket

+1-408-529-9685
SFewkes@kiterocket.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f957021a-1779-4ccb-971c-6823aae94d12

Cambridge Atomworks Becomes Member of WNTI

Cambridge Atomworks Becomes Member of WNTI




Cambridge Atomworks Becomes Member of WNTI

CAMBRIDGE, United Kingdom, Dec. 09, 2025 (GLOBE NEWSWIRE) — Cambridge Atomworks is pleased to announce that it has become a member of the WNTI.

The World Nuclear Transport Institute (WNTI) is a dedicated membership and non-governmental organisation at the forefront of the global nuclear transport industry, committed to driving the highest standards of safety and security in the global transport of nuclear and radioactive materials. 

Joining WNTI granted Cambridge Atomworks the privilege of attending events such as the inaugural World Nuclear Transport Conference 2025 and the WNTI Members’ Meeting in November. James Leybourn, Design Engineer Lead at Cambridge Atomworks, attended the conference alongside experts across wide ranging fields, from transport package designers, fuel suppliers and nuclear transport carriers to lawyers and financiers. The presentations and panel sessions covered the implications of transport capability and regulation on the front and back end of the fuel cycle. “Understanding the nuclear transport industry is key in achieving Cambridge Atomworks’ goal for global deployment of its ODIN Micro Reactor Technology,” said Eugene Shwageraus, CTO.

World Nuclear Transport Conference 2025

Dr Andrew Steer, Head of Regulatory Engagement, and Prof Eugene Shwageraus, CTO, also joined WNTI’s semi-annual members’ meeting. Highlights from the event included the expertise of the WNTI members, the compelling examples on the practicalities of nuclear transport that were discussed, and the collective enthusiasm to ensure nuclear transport is an enabler rather than a block to global deployment of new nuclear. Cambridge Atomworks is committed to supporting with action WNTI’s aims and outcomes to provide a coherent industry input on nuclear transport issues.

Prof Peter Bryant, CEO of WNTI, said, “I’m pleased to welcome Cambridge Atomworks to the WNTI community. Their expertise will be invaluable as we collaborate to advance safe, secure and sustainable transport solutions for the next generation of nuclear reactor technologies and fuels.”

Andrew Steer and Eugene Shwageraus from Cambridge Atomworks, Peter Bryant and Simon Chaplin from WNTI

About Cambridge Atomworks

Cambridge Atomworks is a UK company aiming to utilise the very high energy density of nuclear fission to provide reliable power with substantially reduced logistics for energy intensive local power requirements in off-grid situations. Providing solutions for (i) the increasing energy requirements at mine sites as increasing demand for critical minerals and metals needed for the energy transition demands more processing of materials on site; (ii) contributing to energy equity by delivering power suitable for energy intensive industries and installations critical to development in regions with no grid infrastructure.

Eugene Shwageraus

info@cambridgeatomworks.com

+44 7384 507952

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/99e99e9e-9ad0-4551-aa62-c78407750d8a

https://www.globenewswire.com/NewsRoom/AttachmentNg/0750a427-19b7-4d6f-a1af-80c149696865

Flex raises $60M Series B equity round to scale its AI native “private bank” for high-net-worth business owners

Flex raises $60M Series B equity round to scale its AI native “private bank” for high-net-worth business owners




Flex raises $60M Series B equity round to scale its AI native “private bank” for high-net-worth business owners

Flex has closed a $60 million Series B equity round led by Portage Ventures, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion. as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners.

San Francisco, Dec. 04, 2025 (GLOBE NEWSWIRE) — Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. 

Today, the company announced its $60 million Series B funding round led by Portage with participation from CrossLink Capital, Spice Expedition, Titanium Ventures, Wellington, Companyon Ventures, Florida Funders, FirstLook Partners, Tusk Venture Partners and others, bringing its total equity funding to $105 million.

This latest $60M equity round, followed by its $200M debt and $25M equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

The timing aligns with Flex’s upcoming launch of Flex Elite, their new invite-only consumer card and membership, debuting today. Designed as a direct competitor to Amex Centurion, Flex Elite extends the company’s strategy to become the private bank for middle-market business owners, giving them a unified system that spans every dimension of their financial lives.

The Flex proposition: empowering boss entreprenuers. 

Traditional fintech platforms have focused either on micro-businesses or sophisticated enterprises. Flex serves the segment in between—the high net worth middle-market business owner generating $3 million to $100 million in revenue, collectively employing roughly 40% of American payroll. These owners are financially sophisticated and often manage their companies alongside significant personal assets, yet have no modern platform that supports the full lifecycle of their money. 

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products.

The company is building AI agents across every product pillar to streamline both its internal operations and customer experiences—like credit underwriting agents to deeply understand every business, expense agents, payment workflows, cash management agents, and back-office ERP agents into a single “motherboard” for business owners. Flex’s vision is to provide every business owner a team of high quality finance agents to run their backoffice like an enterprise. This AI-driven architecture not only improves customer experience but also drives a structurally lower cost base for Flex, enabling it to operate with a lean headcount. In turn, Flex delivers AI-powered Owner Insights, transforming the data generated from customer activity into a beautiful, intuitive experience that positions Flex as their “AI CFO.”

Supporting this foundation is the company’s private credit arm. With its agentic underwriting system, Flex can price risk with greater precision and offer a true one-stop shop for all credit needs typically underserved by traditional banks, asset managers and larger enterprise-focused fintechs. This vertically integrated capital engine creates a powerful defensibility loop: as Flex originates more volume, customers adopt more Flex financial products across their lives, making its risk models smarter, and improving its unit economics.

Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Zaid Rahman: Flex CEO and Founder.

“Our mission is to build the private bank ambitious business owners have always deserved,” said Zaid Rahman, Founder and CEO of Flex. “Middle-market business owners employ 40% of Americans, but the financial system has never been designed around their complex needs. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally. Unlike many of our FinTech peers who focus on saving large enterprises money, we focus on helping ambitious owners make more money.”

The momentum is supported by broader market trends indicating consolidations of financial tools, simpler workflows, integrated credit, and unified visibility across business and personal lines. However, personal finance products for affluent individuals have remained largely unchanged for decades. Flex is bridging that gap with a unified system that reflects how these owners actually operate in both their business and personal lives.

Team Flex is helping business owners run both their business and personal finances in one place.

“Flex is building a category-defining financial institution,” said Jake Bodanis, Partner at Portage. “The company has proven that middle-market business owners are both massively underserved and extremely valuable customers when given the right financial infrastructure. Flex’s hypergrowth and best in class capital efficiency speaks to how powerful this model is.”

With the long-term goal of building the complete financial stack for middle-market business owners across the United States Flex is capturing the full life cycle of money, offering both business and personal financial products. Flex aims to become the central platform this segment relies on to grow and transfer wealth across generations.

Media images can be found here

Covington & Burling LLP provided external counsel to Flex on the transaction.

About Flex
Launched in 2023, Flex (a Flexbase Technologies, Inc. brand) is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally. Visit www.flex.one.

About Portage
Portage is a global investment platform focused on fintech and financial services with over US$5.7 under management, 115+ portfolio companies, and 25+ investment professionals. Our firm has offices in Canada, the United States, Europe, and the Middle East.

Our team partners with ambitious companies across all stages, through Portage Ventures and Portage Capital Solutions. We provide flexible capital and deliver a global network of investors, commercial partners, advisors, and value creation experts. Our dedicated value creation team provides portfolio companies with hands-on support in go-to-market, tech & cyber, business acceleration and M&A, and partnerships to accelerate their paths to success. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services.

Our Partnerships team focuses on long-term commercial collaboration opportunities and has generated 140+ partnerships between corporate financial institutions and portfolio companies. Portage is a platform within Sagard, a global multi-strategy alternative asset management firm with over US$33B under management. For more information, visit www.portageinvest.com

CONTACT: For further information please contact the Flex press office on press@flex.one 

Etaily lands strategic investment from Japan’s SMBC – bringing total funding to $24M for Social Commerce enablement platform

Etaily lands strategic investment from Japan’s SMBC – bringing total funding to $24M for Social Commerce enablement platform




Etaily lands strategic investment from Japan’s SMBC – bringing total funding to $24M for Social Commerce enablement platform

Manila, Dec. 04, 2025 (GLOBE NEWSWIRE) — etaily, the Philippines’ digital-native retail platform, has secured new strategic investments led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC), through its SMBC Asia Rising fund, bringing its total funding to over $24 million. Other investors in this round include Kaya Founders, JGDEV of the Gokongwei Group as well as other notable Asia-based families.

etaily enables some of the world’s best-known consumer brands in Southeast Asia, including Levi’s, Skechers, Abbott, L’Oreal among others. Etaily operates the eCommerce and marketing arm of more than 80 consumer brands and combines this with brand building, in having built Philippines fastest growing pet food brand Floof Pets next to supplements brands Nutrie among others. Gross Sales have doubled in the last 12 months as it accelerates growth in the region’s $230B retail market.

Alexander Friedhoff, Founder & CEO of etaily

The Financial Times ranks etaily as one of the fastest growing companies in the Asia-Pacific region in 2025.
The investment comes right after Financial Times (FT) ranked etaily as the third fastest growing company in the APAC region, and the fastest growing in the Philippines. Only 2 other companies in the APAC region were from the Philippines, among 2000 peers.

Expanding across Southeast Asia with WPP partnership
Headquartered in the Philippines, etaily aims to build a multi-country cluster across Malaysia, Singapore, and beyond, enabling brands to enter and scale in Southeast Asia. A recently announced partnership with WPP Media strengthens etaily’s retail and media enablement capabilities, combining commerce infrastructure with world-class marketing expertise. The WPP Media Partnership aims to address Social Commerce Needs for clients in the cluster Philipines-Malaysia-Singapore, with recently first lifestyle brands onboarded in this cluster.

Southeast Asia’s e-commerce market is projected to reach $230 billion in GMV by 2026, with the Philippines identified as the fastest-growing e-commerce market globally in 2024, expanding 25% year-on-year.

According to Bain & Company, the region is expected to gain 140 million new consumers by 2030, with the Philippines leading in digital adoption. The country also records the highest online utilization rates in Southeast Asia, with users spending an average of eight hours per day on mobile devices.

etaily enables global brands to enter Southeast Asia and helps local brands expand across multiple markets.

A platform built for global brands
Founded in 2020 by Alexander Friedhoff, etaily has processed over 40 million orders across Lazada, Shopee, TikTok Shop and brand.com channels. Its proprietary commerce engine spans the full value chain, from brand development and operations to fulfillment and analytics, including the recently launched Livestreaming, Affiliates and Shortterm video solution.

Alexander Friedhoff, Founder & CEO of etaily, said: ”For the last five years, we’ve focused on building etaily into a commerce powerhouse for global brands in Southeast Asia. Now it is time to double down on the latest developments in Social Commerce and Livestreaming. With our massive focus on fully controlled livestream studios we will be able to offer asset-light operations, and now strengthened partnerships and investors, we are positioned to lead the next wave of online-first, offline-to-follow retail in our regional cluster.”

Katsufumi Uchida, Head of Asia Pacific Division and Managing Executive Officer of SMBC added: “As we celebrate 10 years in the Philippines, SMBC Group remains dedicated to our Asia Multi-Franchise strategy, leveraging our extensive branch network to strengthen our presence in the Philippines and across the region, striving for the continued economic growth in the Philippines. We are excited to contribute to the expansion of local commerce ecosystems and to connect financial services with the evolving digital marketplace through strategic partnerships such as with etaily.“

Etaily’s growth has been supported by a range of prominent investors, including major conglomerates like Ayala Corporation, Southeast Asia’s oldest conglomerate, as well as the Gokongwei Group, Landmark’s Cheng family, and the Po family behind Century Pacific Food Corporation. In 2023 Etaily raised its last funding round, a Series A which was led by an investment from Taiwan’s SKS Capital and Singapore’s Pavilion Capital, a private equity firm under Temasek Holdings. Other investors include the Magsaysay Family, Kaya Founders, Japan’s SBI (former Soft bank) ICCP Fund and Foxmont Capital.

Media images can be found here

About SMBC & SMBC Asia Rising Fund
Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, SMBC put its customers first and provided seamless access to, from and within the Asia Pacific region.

SMBC Asia Rising Fund serves as the corporate venture capital arm of SMBC, one of the leading banks in Japan. Designed to accelerate business development and cultivate strategic partnerships, the fund invests in high-potential startups actively operating across the Asia-Pacific region. Through this initiative, SMBC Group seeks to enhance its business capabilities and deliver innovative solutions to clients by leveraging emerging technologies, collaborating with portfolio companies, and developing new business models and products.

About Etaily
Etaily is a digital-native retail platform for Southeast Asia. The company builds, operates, and scales consumer brands across the region. Etaily provides end-to-end e-commerce and retail support—including marketplace operations, D2C, social commerce, livestreaming, digital and affiliate marketing, studio production, and customer service.

Etaily follows an online-first, offline-to-follow approach. The platform enables global brands to enter Southeast Asia and helps local brands expand across multiple markets. The company operates in the Philippines, Singapore, and Malaysia, combining operations technology, retail expertise, and a unified distribution framework.

CONTACT: For further information please contact the etaily press office: Bilal Mahmood on b.mahmood@stockwoodstrategy.com  or +44 (0) 771 400 7257

Etaily lands strategic investment from Japan’s SMBC – bringing total funding to $24M for Social Commerce enablement platform

Etaily lands strategic investment from Japan’s SMBC – bringing total funding to $24M for Social Commerce enablement platform




Etaily lands strategic investment from Japan’s SMBC – bringing total funding to $24M for Social Commerce enablement platform

Manila, Dec. 04, 2025 (GLOBE NEWSWIRE) — etaily, the Philippines’ digital-native retail platform, has secured new strategic investments led by Japan’s Sumitomo Mitsui Banking Corporation (SMBC), through its SMBC Asia Rising fund, bringing its total funding to over $24 million. Other investors in this round include Kaya Founders, JGDEV of the Gokongwei Group as well as other notable Asia-based families.

etaily enables some of the world’s best-known consumer brands in Southeast Asia, including Levi’s, Skechers, Abbott, L’Oreal among others. Etaily operates the eCommerce and marketing arm of more than 80 consumer brands and combines this with brand building, in having built Philippines fastest growing pet food brand Floof Pets next to supplements brands Nutrie among others. Gross Sales have doubled in the last 12 months as it accelerates growth in the region’s $230B retail market.

Alexander Friedhoff, Founder & CEO of etaily

The Financial Times ranks etaily as one of the fastest growing companies in the Asia-Pacific region in 2025.
The investment comes right after Financial Times (FT) ranked etaily as the third fastest growing company in the APAC region, and the fastest growing in the Philippines. Only 2 other companies in the APAC region were from the Philippines, among 2000 peers.

Expanding across Southeast Asia with WPP partnership
Headquartered in the Philippines, etaily aims to build a multi-country cluster across Malaysia, Singapore, and beyond, enabling brands to enter and scale in Southeast Asia. A recently announced partnership with WPP Media strengthens etaily’s retail and media enablement capabilities, combining commerce infrastructure with world-class marketing expertise. The WPP Media Partnership aims to address Social Commerce Needs for clients in the cluster Philipines-Malaysia-Singapore, with recently first lifestyle brands onboarded in this cluster.

Southeast Asia’s e-commerce market is projected to reach $230 billion in GMV by 2026, with the Philippines identified as the fastest-growing e-commerce market globally in 2024, expanding 25% year-on-year.

According to Bain & Company, the region is expected to gain 140 million new consumers by 2030, with the Philippines leading in digital adoption. The country also records the highest online utilization rates in Southeast Asia, with users spending an average of eight hours per day on mobile devices.

etaily enables global brands to enter Southeast Asia and helps local brands expand across multiple markets.

A platform built for global brands
Founded in 2020 by Alexander Friedhoff, etaily has processed over 40 million orders across Lazada, Shopee, TikTok Shop and brand.com channels. Its proprietary commerce engine spans the full value chain, from brand development and operations to fulfillment and analytics, including the recently launched Livestreaming, Affiliates and Shortterm video solution.

Alexander Friedhoff, Founder & CEO of etaily, said: ”For the last five years, we’ve focused on building etaily into a commerce powerhouse for global brands in Southeast Asia. Now it is time to double down on the latest developments in Social Commerce and Livestreaming. With our massive focus on fully controlled livestream studios we will be able to offer asset-light operations, and now strengthened partnerships and investors, we are positioned to lead the next wave of online-first, offline-to-follow retail in our regional cluster.”

Katsufumi Uchida, Head of Asia Pacific Division and Managing Executive Officer of SMBC added: “As we celebrate 10 years in the Philippines, SMBC Group remains dedicated to our Asia Multi-Franchise strategy, leveraging our extensive branch network to strengthen our presence in the Philippines and across the region, striving for the continued economic growth in the Philippines. We are excited to contribute to the expansion of local commerce ecosystems and to connect financial services with the evolving digital marketplace through strategic partnerships such as with etaily.“

Etaily’s growth has been supported by a range of prominent investors, including major conglomerates like Ayala Corporation, Southeast Asia’s oldest conglomerate, as well as the Gokongwei Group, Landmark’s Cheng family, and the Po family behind Century Pacific Food Corporation. In 2023 Etaily raised its last funding round, a Series A which was led by an investment from Taiwan’s SKS Capital and Singapore’s Pavilion Capital, a private equity firm under Temasek Holdings. Other investors include the Magsaysay Family, Kaya Founders, Japan’s SBI (former Soft bank) ICCP Fund and Foxmont Capital.

Media images can be found here

About SMBC & SMBC Asia Rising Fund
Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, SMBC put its customers first and provided seamless access to, from and within the Asia Pacific region.

SMBC Asia Rising Fund serves as the corporate venture capital arm of SMBC, one of the leading banks in Japan. Designed to accelerate business development and cultivate strategic partnerships, the fund invests in high-potential startups actively operating across the Asia-Pacific region. Through this initiative, SMBC Group seeks to enhance its business capabilities and deliver innovative solutions to clients by leveraging emerging technologies, collaborating with portfolio companies, and developing new business models and products.

About Etaily
Etaily is a digital-native retail platform for Southeast Asia. The company builds, operates, and scales consumer brands across the region. Etaily provides end-to-end e-commerce and retail support—including marketplace operations, D2C, social commerce, livestreaming, digital and affiliate marketing, studio production, and customer service.

Etaily follows an online-first, offline-to-follow approach. The platform enables global brands to enter Southeast Asia and helps local brands expand across multiple markets. The company operates in the Philippines, Singapore, and Malaysia, combining operations technology, retail expertise, and a unified distribution framework.

CONTACT: For further information please contact the etaily press office: Bilal Mahmood on b.mahmood@stockwoodstrategy.com  or +44 (0) 771 400 7257