South Florida Tech HubSouth Florida Tech Hub

By Nikki Cabus

Pavilion Solar Emerges as a Semifinalist in the American-Made Solar Prize contest taking home $50k

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Pavilion Solar, a Miami-based innovator in solar technology, has been named a semifinalist in Round 7 of the American-Made Solar Prize.

Miami-based Pavilion Solar is a startup dedicated to increasing solar adoption with their flagship product, the EnPodTM, a premium solar canopy structure for homes which serves as a carport or outdoor living area. Made in the USA and engineered for hurricane zones, it features an iconic design and innovative construction for rapid installation. The EnPods are eligible for the federal solar tax credit and engineered to last decades while paying for themselves.

The American-Made Solar Prize is a multimillion-dollar prize competition designed to energize U.S. solar innovation through a series of contests that accelerate the entrepreneurial process from years to months.

Competitors leverage the American-Made Network, an innovation engine of more than 450 organizations, including world-class experts at DOE’s 17 national labs, clean tech accelerators, incubators, universities, facilities, and more. The Solar Prize is directed and administered by the National Renewable Energy Laboratory and is funded by the U.S. Department of Energy Solar Energy Technologies Office.

This competition was announced on January 24, 2018 and is backed by the U.S. Department of Energy (DOE) and overseen by the National Renewable Energy Laboratory (NREL), supports cutting-edge advancements in solar energy. Entrepreneurial individuals and teams based in the United States can compete, progressing through a series of three connected contests—the Ready!, Set!, and Go!

On June 12, 2023, the U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) opened applications for the American-Made Solar Prize Round 7. For Round 7, DOE added a new Power Up Contest to support and advance new and diverse teams that have compelling applications but are not selected as Ready! Contest winners.  On January 11, 2024, 20 teams were selected to receive $50,000 each and advance to the next stage of the competition. Four teams were also selected to win the JEDI Contest and receive an additional $25,000. DOE awarded $10,000 prizes to 10 teams through the Power Up Contest.

Pavilion Solar was among 20 teams to progress, securing a $50,000 cash prize and the opportunity to compete in the subsequent phases of this multimillion-dollar challenge.

“Research from DOE shows that half of U.S. homes are ineligible for rooftop solar, many of which are located in hurricane zones,” said Aleksandr Bernhard, Founder of Pavilion Solar.

“Our EnPods will address this significant yet underserved market, expanding solar access. The funding from the American-Made Solar Prize is crucial in accelerating our launch into this market.”

In the next phase of the competition, teams will advance with the assistance of members of the American-Made Network to develop their innovations in a way that addresses real challenges in the solar market. Pavilion Solar will continue working to substantially advance their technology solution, which they will present to a panel of industry experts at a virtual event in spring 2024.

Visit the American-Made Solar Prize website for details on the competition.

By Nikki Cabus

Endeavor Miami’s New Wave of Diverse Entrepreneurs with Spring 2024 ScaleUp Cohort

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Endeavor Miami, a pivotal force in the entrepreneurial landscape, is thrilled to introduce the Spring 2024 Endeavor ScaleUp cohort.

Endeavor Miami is part of the global Endeavor network established in Miami in 2013 with the support of the John S. and James L. Knight Foundation. The initiative aims to highlight 17 visionary founders leading 10 rapidly growing companies. As the first U.S. affiliate of the global Endeavor organization, Endeavor Miami is committed to identifying and supporting high-impact entrepreneurs who have the potential to transform industries and drive economic growth in Florida and beyond.

Endeavor Miami offers a unique mix of mentorship, access to capital, and an extensive network of industry leaders and peers, helping to catalyze the success of these entrepreneurs. The initiative fosters innovation and creates job opportunities within the region and worldwide.

The Spring 2024 cohort stands out for its diversity and innovative spirit. Notably, 53% of the participants are from underrepresented ethnic backgrounds, and 20% are women founders. These entrepreneurs demonstrate a strong commitment to South Florida, with 67% moving to the city in the last three years. This reinforces the region’s status as a burgeoning hub for innovation and entrepreneurship in the United States.

The cohort spans key sectors, including Fintech, Enterprise Software, Mobility & Supply Chain, and Healthcare, reflecting South Florida’s economy’s broad spectrum of innovation. These companies are at various stages of growth and have collectively seen a remarkable 250% growth rate. Their resilience and adaptability post-COVID underscore the potential for transformative impact on the local and global stages.

These entrepreneurs have raised over $35 million in funding, enabling expansion across the Americas and Europe. They collectively employ nearly 240 people and generated revenue of over $17 million in 2023. With plans to exceed $41 million in revenue this year, their success exemplifies the significant economic contributions they bring to the region. It highlights South Florida’s role as a critical launching point for ambitious companies poised for global influence.

Endeavor Miami is proud to support these exceptional entrepreneurs as they continue to scale their businesses, innovate within their industries, and contribute to the economic development of Florida and beyond. Endeavor is committed to being a platform for impact by amplifying these founders’ stories, sharing their successes, and inspiring the next generation of entrepreneurs.

Here is a full list of the Endeavor ScaleUp Cohort:

  • FIT:MATCH (Ft. Lauderdale, Broward County, South Florida) – Uses patented, 3D body-shape technology to match consumers with the garments that fit them best, eliminating guesswork and driving conversion and loyalty, while reducing returns. The technology has proven applications beyond retail, including healthcare, and sports science.
  • Haddy (St. Petersburg, Pinellas County, Tampa) – An applied additive manufacturing company transforming the furniture supply chain. It delivers durable, beautiful, and cost-efficient products, reshaping production through regional manufacturing and scalability.
  • Infinity Doctors (Miami, Miami-Dade County, South Florida) – An international “one-stop shop” health platform for enterprises’ customers and employees.
  • KashIO (Miami, Miami-Dade County, South Florida) – A platform as a service for digital payments and bill automation in LATAM. Their platform allows companies and institutions to automate their accounts payable and accounts receivable processes with Open Banking Technology in the cloud.
  • Koywe (Miami, Miami-Dade County, South Florida) – Building the best Payment Ecosystem for cross-border businesses in Latin America, allowing their customers to operate across markets in an easy, cheap and fast way.
  • KUSHAE (Boca Raton, Palm Beach County, South Florida)- The 1st & only women’s health brand developed by an OB/GYN, creating innovative and effective non-toxic topical & internal products for all stages of a woman’s life, from menstruation to menopause.
  • MagicLog (Miami, Miami-Dade County, South Florida) – A white-labeled platform designed to modernize and digitize the end-to-end customer experience of SME logistics providers, reducing operational costs and increasing new and retained sales revenue in weeks.
  • RealGrader (Miami, Miami-Dade County, South Florida) – Measures, manages and maximizes digital presence for real estate professionals. Their most popular product is the Instacard – The Digital Business Card, used by over 500,000 real estate agents.
  • Simplenight (Miami, Miami-Dade County, South Florida) – Enables hyper-personalized booking and ordering of anything, anywhere, anytime. Simplenight’s omnichannel platform for travel, lifestyle and more is utilizing generative AI and providing the booking digitalization and infrastructure to shape the future of commerce and data.
  • Spontivly (St. Petersburg, Pinellas County, Tampa) – A data analytics tool that integrates with a company’s suite of tools to allow for greater insights and efficiencies. Our goal is to make data easily accessible by empowering teams with simple data dashboards.

To learn more about Endeavor Miami, visit www.endeavormiami.org

By Nikki Cabus

Borderless Capital Expands Global Presence by Acquiring Asset Manager CTF Capital in Miami and LatAm

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Borderless Capital, a pioneering Web3 investment management firm, has announced the acquisition of CTF Capital, a leading Miami and Latam based quantitative trading and asset management company for an undisclosed amount.

This acquisition marks a strategic move for Borderless Capital, enriching its investment suite with AI-driven strategies and advanced quant trading methodologies, while also marking its expansion into the burgeoning LatAm market where Borderless Capital already has significant exposure through its portfolio companies and investors.

Borderless Capital is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols / companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities.

With this acquisition, all the existing Funds managed by CTF capital are merged with Borderless Capital Multi-Strategy Fund V LP, an open-ended hedge fund focusing to create risk-adjusted maximum returns for investors in both liquid digital assets and soon to be liquid digital assets, that was launched earlier last year with $100m under management.

“We are extremely excited to join forces with the CTF team and bring new skills, new expertise, new investors and new team members to the Borderless Capital, positioning our firm for the next phase of growth, in a time of when institution and large organization are driving the market adoption and validating this asset class,” said David Garcia, Co-Founder and Managing Partner at Borderless Capital.

“The CTF Capital team competences are very synergic and complementary to Borderless Capital and will allow us to provide a better service to our investors base and group of portfolio companies,”

CTF Capital is a quantitative crypto asset investment manager focused on exploiting investment opportunities through digital assets. We design, develop and implement investment products leveraging blockchain technologies to gain exposure to crypto assets in a decentralized and open infrastructure. With a team of experts and deep knowledge in investing & trading in traditional and crypto markets, technology ventures, business development, software development and cybersecurity.

In addition, Borderless Capital manages a family of five Venture Funds (focused on key categories such as DePIN, Ecosystem Funds and Cross-Chain interoperability), combining more than half a billion dollars in assets. The existing eleven people team of CTF Capital including two partners are now part of the Borderless Capital team and its affiliate group of companies. Borderless Capital solidifies its position at the forefront of this evolving space, driving value creation, technological advancement and performant capital allocation in the digital asset space.

CTF Capital is headquartered in Miami with Technology and Operations teams based in Latin America. As a quantitative crypto asset investment manager building cutting-edge trading models and capabilities in automated market making (AMM), MEV strategies, and a proprietary AI & ML Strategy Engine, the firm brings key assets and strengths under Borderless’s umbrella.

Brian Prilick, former CEO of CTF Capital, now Partner at Borderless Capital said, “We are very excited and proud to be partnering up with Borderless Capital. This will give us the possibility to join forces and leverage our strengths as a group. The integration between CTF Capital and Borderless Capital will help us scale the business in terms of volume and product development, ultimately translating into better returns, investment allocation and risk management.”

Looking ahead, Borderless Capital is extending its global reach, with plans to open a new office in Argentina in early Q2 and as its HQ for the LatAm markets expansion, tapping into the region’s rapidly growing Web3 market. The firm is also developing new offerings to enrich its investor and founder services.

To learn more about Borderless Capital, visit www.borderlesscapital.io

By Adam Elitzur

Driving South Florida’s Tech Landscape: Michael Fowler’s Journey Through Tech and Leadership

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Michael Fowler, former board chair of South Florida Tech Hub and current chair of TECHpalooza, is a driving force in the region’s tech landscape. With a career spanning decades in the energy industry, Fowler has held key roles at NextEra Energy and currently at its subsidiary, Florida Power & Light (FPL), serving as the business unit chief information officer.

In 2010, Fowler moved to Florida but initially struggled to find the pulse of the local technology community. However, he made it his mission to uncover pockets of innovation. “It took me a few years to find South Florida Tech Hub. When I found that, I jumped in with both feet,” he explained. For Fowler, a rewarding aspect of South Florida Tech Hub has been finding the intersection between local companies and the tech community.

As board chair of South Florida Tech Hub, a role he held for five years, Fowler played a pivotal role in merging TechLauderdale and Palm Beach Tech into the unified organization, South Florida Tech Hub. “As a region, it was beneficial to all if we operated as one tech community,” he said.

One of Fowler’s proudest achievements with South Florida Tech Hub was facilitating the expansion of Mark Cuban’s AI Boot Camp in South Florida, growing from one to three camps across Miami-Dade, Broward, and Palm Beach counties. “The fact that we can be a unified tech region enables us to participate in programs like the boot camp and attract similar opportunities,” Fowler noted.

Cultivating close partnerships with local universities has been a key focus area for Fowler during his time at South Florida Tech Hub. He recognizes the importance of developing a strong pipeline of tech talent from within the region to meet industry demands. Fowler has worked diligently to engage higher education institutions like Miami Dade College, Florida Atlantic University, and Florida International University to align their curricula with industry needs. “Even with students who want to pursue degrees and interests outside of tech, I still think that having a core of tech is really powerful for any career,” Fowler mentioned.

Fostering tech talent remains a priority for Fowler, who believes in exposing students to STEM education from an early age. “I want us to continue getting more K-12 students involved in STEM,” Fowler remarked. “I think there’s more work we have to do to engage young minds and get them excited about STEM so that they want to pursue advanced degrees in this area.”

Looking ahead, Fowler is excited about his role as the incoming chair of TECHpalooza, an annual technology conference hosted by South Florida Tech Hub, aiming to double the event’s attendance to 5,000 this year. TECHpalooza will be hosted at the Broward Convention Center on December 11th, 2024.

Fowler envisions an exciting future for the tech industry, particularly in the realm of AI. “I’m an optimist and think it will take a lot of humans for this journey to be successful. I see AI being a tremendous tool that all of us will use in our daily lives,” he remarked, emphasizing AI’s role in augmenting human capabilities.

With his wealth of experience and vision, Michael Fowler continues to be a driving force in shaping the region’s tech landscape, nurturing talent, and fostering collaboration among industry giants and local innovators alike.

By Nikki Cabus

Miami Dade College Becomes the First Florida College with Two Cybersecurity Programs Validated by the NSA

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Miami Dade College announced it has become the first institute in Florida to offer both associate and bachelor’s degree programs in cybersecurity after receiving its second validation from the NSA.

The National Security Agency (NSA) is a U.S. Department of Defense combat support agency and member of the U.S. Intelligence Community leading the U.S. Government in cryptology that encompasses both signals intelligence (SIGINT) insights and cybersecurity products and services, and enables computer network operations to gain a decisive advantage for the nation and allies.

At the 2nd annual South Florida Tech Hub Higher Education Conference held at MDC Wolfson Campus, College officials announced the NSA validation for the Bachelor of Science in Cybersecurity through 2029, the highest standard of quality for a cybersecurity degree in the nation. MDC received NSA validation in 2022 for the Associate of Science in Cybersecurity.

“We are honored to receive this prestigious recognition from the National Security Agency,” said MDC President Madeline Pumariega.

“It underscores our commitment to expanding our cybersecurity program, solidifying the College’s position as a leader in talent development for the future workforce. We couldn’t do this without the unwavering support of our world-class faculty, esteemed partners, and industry-leading advisors.”

The distinction acknowledges MDC’s rigorous cybersecurity curriculum standards and academic delivery excellence from faculty to equip students with expert knowledge and skills to protect and defend against the cyber threat landscape. According to a letter from the NSA, the college’s ability to meet the increasing demands of the program criteria will serve the nation well in contributing to the protection of the National Information Infrastructure. The NSA’s National Cyber Strategy addresses the critical shortage of professionals with cybersecurity skills and highlights the importance of higher education as a solution to defending America’s cyberspace.

This news is a welcome addition to MDC’s prestigious designation as a National Center of Academic Excellence in Cyber Defense by NSA for its impressive cybersecurity curriculum. With this recent validation, students who complete MDC’s bachelor’s in cybersecurity receive explicit recognition in their transcripts. They are also eligible to apply for grants, training and scholarships from NSA and other federal partners.

With Miami Dade College (MDC) being the most diverse institution in the nation, with 167 nations and 63 languages represented in its student body, the College changes lives through accessible, high-quality teaching and learning experiences. MDC’s eight campuses and outreach centers offer over 300 distinct degree pathways, including associate and baccalaureate degrees, certifications and apprenticeships. MDC has admitted more than 2.5 million students and counting, since it opened its doors in 1960 and approximately 120,000 students are currently enrolled.

“This achievement underscores our commitment to excellence in cybersecurity education and solidifies our leadership in talent development for the future workforce,” shared Antonio Delgado, MDC’s VP of Innovation & Technology Partnerships.

“With this validation, our students gain explicit recognition on their transcripts and are eligible for internships, training and scholarships from NSA and other federal partners.”

For more information about MDC’s ‘Cybersecurity Center of the Americas’ programs, visit www.mdc.edu/cybersecurity.

 

By Nikki Cabus

TechGateway and South Florida Tech Hub team up for TechGatway Day and new regional tech map

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The Greater Fort Lauderdale’s regional initiative, TechGateway, released its new map of South Florida tech companies just in time for TechGateway Day 2024.

The South Florida TechGateway is a public/private partnership to grow, attract and retain technology business, capital and talent here in the thriving South Florida area. The initiaitive is supported by South Florida Tech Hub, Florida Power & Light (FPL), Wells Fargo and the Miami Dade Beacon Council.

Each year, TechGateway works with regional partners such as Tech Hub to aggregate businesses and technology companies across the three counties – Palm Beach, Broward and Miami-Dade – that deserve recognition and visibility across the ecosystem. The map is then used to promote the region’s growing tech community to local students, higher education institutions, and new graduates outside the region looking for potential job opportunities.

“We’re proud to present the 2024 TechGateway map, launched at the South Florida Tech Hub Golf Tournament, ” Randall Deich, Director of Talent Attraction & Education at Greater Fort Lauderdale Alliance.

“This tool does more than just showcase our tech region—it’s a strategic resource to attract businesses and top talent to South Florida. Our partnership with South Florida Tech Hub enhances the local tech culture, supports talent retention, and contributes to the vibrant community that makes South Florida a great place to work in the CLOUD and live in the SUN.”

“Thanks go to our partners Florida Power & Light, Wells Fargo, Miami-Dade Beacon Council, and South Florida Tech Hub for their support and efforts in coordinating, cooperating, and collaborating in this regional effort.”

The map was completed just in time for this year’s ‘TechGateway Day’ where technology professionals go into Broward County classrooms and provided a glimpse into the diverse and exciting tech career opportunities in South Florida. It’s an effort in partnership with the Broward County School District’s middle and high schools to expose students to local career exploration.

From Sunrise to Parkland and Hollywood, South Florida Tech Hub worked closely with the TechGateway team this year to ensure we had almost twenty Broward County public schools covered this year. Tech Hub members from CITY Furniture, Florida Power & Light (FPL), LAN InfoTech, CloudHesive, FAU Tech Runway and UKG all had representatives attend the schools, interact with the students, and contrubute to making this year’s event a true sucess.

“It’s very clear that at a younger and younger age yechnology is becoming more and more accessible. I think it’s really important to connect while they’re connecting and learning about technology which is now more in middle school than it is in high school,” said John Machado, CTO of UKG.

“What was most impactful was actually seeing them present their own projects and the camaraderie and the ability to help each other show really positive feedback as they showed their projects. I thought that was incredible – the energy and passion they have.”

“TechGateway Day is a pivotal bridge for our students, many of whom interacted with industry leaders for the first time, seeing themselves as the tech talent of tomorrow. This event has narrowed the gap between today’s innovations and the future’s possibilities, thanks to your support and participation. The day was a tremendous success, thanks to the collective efforts of our tech professionals, educators, and students.,” wrote Deich in a social media post thanking speakers and partners.

To learn more about The Greater Fort Lauderdale Alliance, please visit www.gflalliance.org

By Nikki Cabus

FIRST Robotics Competition South Florida Regional awards multiple teams with honors & on to World Championship

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The FIRST® Robotics Competition South Florida Regional awarded several teams with honors that rewarded design excellence, competitive play, sportsmanship, and high impact partnerships between schools, businesses, and communities.

Combining the excitement of sport with the rigors of STEM, FIRST® Robotics Competition (ages 14-18) teams use sophisticated technology to build and program industrial-sized robots to play an action-packed, alliance-based game on a themed field. With professional mentors and sponsors, students learn engineering and problem-solving skills that they can apply to real-world situations today and in the future. Using Gracious Professionalism, each team creates a team identity, raises funds to meet its goals, and works to promote STEM in their community.

Attended by thousands of fans, families, educators and industry leaders, the regional competition was held at the Broward County Convention Center on March 1st & 2nd. Forty high school teams competed to earn a spot at the FIRST® Championship, to be held April 17-20 at the George R. Brown Convention Center in Houston, Texas.

With the hope of winning one of the several coveted awards, high school students worked with professional mentors to design and build a robot over a six-week period that solved a problem using a Kit of Parts and a standard set of rules.

“Each team clearly demonstrated teamwork, professionalism, and strategic thinking in solving the competition’s challenges,” said Sandra Contreras, Regional Director, FIRST ®  South Florida.

“Students, school groups, community members, and professional team mentors filled the stands and helped to bring a level of fun and excitement to the competition. With the sustained support of the South Florida community, this robotics competition will continue to grow and inspire students to study math, science, and engineering.”

“It’s safe to say the South Florida Regional has been upgraded to the status of LEGENDARY because we had 5-game finals (normally 2)!”

Among the many highlights of the competition, the winners of the coveted ‘Impact Award’ were the SigmaC@ts from Dillard High School – Team 108 (cover photo). They have won the wonderful opportunity to go to the World Championshipin Houston, Texas, but now need the community’s help to them get the funds to travel.

The FIRST Impact Award (formerly the Chairman’s Award) is the most prestigious award at FIRST, it honors the team that best represents a model for other teams to emulate and best embodies the mission of FIRST. It was created to keep the central focus of FIRST Robotics Competition on the ultimate goal of transforming the culture in ways that will inspire greater levels of respect and honor for science and technology, as well as encouraging more of today’s youth to become science and technology leaders.

The SimgaC@T robotics team was founded in 1995 at Dillard High School in Fort Lauderdale, Florida, to compete in the FIRST Robotics Competition. As the oldest consecutively running FRC team in Florida, the SigmaC@T Robotics Team has a rich history built on community, equity, and diversity.

CRESCENDOSM presented by Haas is part of the 2024 FIRST IN SHOWSM presented by Qualcomm season. In CRESCENDO, teams are encouraged to see all that is possible when combining their creative ideas and innovations with engineering and design. Through collaboration and communication, the FIRST robotics community around the world will celebrate the role that the arts play in STEAM (science, technology, engineering, arts, and math). Our skills make it possible to create art and experiences that bring us together, entertain us, and move us.

FIRST has a proven impact to significantly improve students’ attitudes towards math, science, and teamwork.

With approximately 40 registered teams from across the county and even some international team, 25 were from South Florida and the Treasure Coast ranging from Miami to Stuart and over to Naples, Florida, there was quite the competition to be had. Ashton Adler, South Florida Tech Hub’s Director of Talnt Engagement, stopped to take photos with some of the local teams including Miami Coral Park Senior High (pictured here) who took home the “Innovation in Control Award.”

Another one of those teams was, S.P.A.M. from Stuart, Florida, who were the Regional Winners (Championship Qualifying Award) and took home the “Quality Award.” The team was sponsored by Florida Power & Light (FPL), one of the competition’s largest supporters each year. This year is FPL’s 12th year as a sponsor and mentor organization.

Zach Dean, the team’s mechanical lead, credits team mentor Elizabeth “Lily” Pawlak for expanding his machine skills and teaching him how to use the power tools and industrial machinery it takes to build the robots. Twelve years ago, Pawlak was a machinist for S.P.A.M. too, participating in the same competitions her mentees are in now and crafting robot parts from scratch. Today, she’s an equipment reliability engineer supporting Florida Power & Light Company’s (FPL) nuclear fleet.

“I wanted to come back and be a mentor because I want to show them that it’s not just a fun thing to do in high school, that it really can be an opportunity for your future,” Pawlak said. “I’ve taught them basic skills like how to use a tape measure to more advanced skills like how to use a milla lathe and Computer Numerical Control machining.”

One of the main benefits of STEM education is helping students develop critical thinking and problem-solving skills, which they can apply beyond the classroom. It also equips them to succeed in a rapidly changing world driven by technology and innovation.

Pawlak said robotics geared her toward engineering. It also helped her start a career at FPL. 

“I met a lot of incredible people back then, professionals who volunteered their time at these competitions, and I maintained those connections throughout college,” she said. “These connections really make a difference for the children involved. It shows them companies care, that companies are interested in them and that they have a future if they ever want to look forward to career opportunities with them.”

South Florida Tech Hub Board Member, CEO of eSilo, and FIRST judge, Cathy Miron, told Tech Hub, “I was reminded once again why I am passionate about supporting FIRST. This organization not only fosters a love for science, technology and engineering among young minds, but also cultivates essential skills like teamwork, leadership (what FIRST calls Gracious Professionalism), and problem-solving. My involvement with FIRST, which spans three years, has been a journey filled with inspiration and learning.”

Cathy continued reminiscing on this year’s competition, “This year, something that particularly stood out to me were the countless examples of cross-team mentorship that I heard and observed. These are teams who are competing against one another for an opportunity to go to the World Championships in April and represent their schools and communities, and yet I watched kids go out of their way to help their competitors by sharing tools and spare parts, or troubleshooting another team’s robot, or helping fix a bug in their code in between matches.”

“These kids exemplified what FIRST is all about: pushing boundaries, embracing challenges, and working collaboratively to achieve something truly remarkable. Their dedication and spirit were a true highlight of the weekend, and a reminder of the incredible impact FIRST has in shaping our next generation of innovators and leaders.”

Winners of the FIRST Robotics Competition 2024 South Florida Regional Awards include :

  • Regional FIRST Impact Award (Championship Qualifying Award) – 108 SigmaC@T Robotics Team – Dillard High School
  • Regional Engineering Inspiration Award (Championship Qualifying Award) – 3627 The Jungle Robotics – Pine View School
  • FIRST Dean’s List Finalist Award – 3390 Can O- ANATOLIAN EAGLEBOTS
  • FIRST Dean’s List Finalist Award – 5472 Derin A – The Wyld Stallyns
  • Regional Winners (Championship Qualifying Award) – 179 Children of the Swamp – Inlet Grove Community High School
  • Regional Winners (Championship Qualifying Award) – 180 S.P.A.M. – Martin County District High Schools
  • Regional Winners – 744 Shark Attack – Westminster Academy
  • Regional Finalists – 2383 Ninjineers – American Heritage
  • Regional Finalists – 5557 BB-R8ERS – Gulliver Preparatory School
  • Regional Finalists – 8817 Buccaneer Robotics – South Dade Senior High School
  • Woodie Flowers Finalist Award – 3627 Andrew Wormington – The Jungle Robotics
  • Industrial Design Award sponsored by General Motors – 5557 BB-R8ERS – Gulliver Preparatory School
  • Judges’ Award – 8861 – 06ANGORA – Ambassade de France en Turquie- Lycée Français Charles de Gaulle – Ankara
  • Rookie All Star Award – 9404 Forge – Family/Community
  • Rookie Inspiration Award – 9779 Gladiator Robotics – Hialeah Gardens Sr High School
  • Team Sustainability Award sponsored by Dow – 6317 Disruptive Innovation – West High School
  • Team Spirit Award – 6743 Tiger Engineering – Dunbar High School
  • Excellence in Engineering Award – 179 Children of the Swamp – Inlet Grove Community High School
  • Gracious Professionalism Award – 694 StuyPulse – Stuyvesant High School
  • Creativity Award sponsored by Rockwell Automation – 1744 Robo-Rays Robotics – Seacrest Country Day School
  • Quality Award – 180 S.P.A.M. – Martin County District High Schools
  • Innovation in Control Award – 59 RamTech – Miami Coral Park Sr High School
  • Autonomous Award – 4458 Infernobotix – Center Moriches High School
  • Imagery Award in honor of Jack Kamen – 1523 MARS (Mega Awesome Robotic Systems) – William T Dwyer High School & Palm Beach Gardens Community HS & Jupiter Community High School
  • Volunteer of the Year – Bill Landin – Lead Robot Inspector
  • Volunteer of the Year – Mark Hamilton – Alumni
  • Volunteer of the Year – Robert Cherinka – Judge

 

Learn more at www.firstinspires.org.

By Nikki Cabus

Florida Atlantic’s Tech Runway announced its 13th cohort companies

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FAU Tech Runway® recently accepted 13 companies to participate in the 13th cohort of its Venture Program.

The Venture Program provides the most promising startups and talented entrepreneurs in South Florida with an opportunity to join a year-long program that offers resources from FAU’s Innovation and Business Development pipeline, entrepreneurial instruction, structured team-based mentoring, networking, marketing and capital-raising assistance, co-working space, events, intern support and other vital programs.

Companies accepted into the Venture Program must have strategic alignment with FAU’s research focus areas, including drone technologies; educational technologies; environmental science; marine science; ocean engineering; neuroscience; healthy aging; big data analytics; artificial intelligence; machine learning; cyber security; sensing; and smart systems.

The 13 companies in Venture Class 13 are:

  • Alumni Direct, LLC removes the noise from other networking platforms by bringing members into one centralized location. Alumni Direct makes it easy to network and connect in communities dedicated to a university, sport, Greek organization or business.
  • BiDR TV LLC represents a groundbreaking venture in the realm of e-commerce, seamlessly merging online and traditional retail experiences to redefine the consumer shopping journey with a laser focus on enhancing user satisfaction, safety and engagement.
  • BookMark’d is an AI college assistance platform that helps college students on campus find affordable college materials, academic advising for navigating course selection, and access to receive 24/7 AI tutoring for their exact course code.
  • ByeUni LLC is a website and app that is a cross between LinkedIn and crowdfunding. It allows college students and college-bound students to post and communicate with followers and to collect money/donations from them.
  • Digiagee is a digital agency via a smartphone that enables users to reach the right people with the right message in five minutes. It is custom ad alchemy and is AI/ML powered.
  • GrowFrom Inc. is the world’s first free platform for personal growth and development. On GrowFrom users can store goals and get useful tools to help stay focused on them throughout the week.
  • Hello Sunshine LLC: Take on Trades is building the new generation of trade workers through a new method of engaging trade companies with the young people who will comprise its future workforce.
  • Neurodiverse Educational Testing (N.E.T.) offers advanced AI-driven assessments for neurodiversity, facilitating early diagnosis and tailored support for children. N.E.T. enhances 504 education plans, empowering families and educators to address the unique needs of neurodiverse students.
  • Property Vue Media, LLC provides site documentation and management solutions using digital twin technology for the construction and utility sectors.
  • SDB_Automate provides software services that revolutionize ocean depth determination and navigation using satellite images and AI technology to enhance safety in navigation, support sustainable fishing practices, and improve water tourism.
  • Shorts IQ, Inc. is a short videos machine that customizes storytelling templates from performing videos based on brand and necessities.
  • Stone Pine Marketing and Productions LLC is a marketing agency with an in-house video production team. It tailors services specifically for the needs of nonprofits and offers discounted, affordable rates for these organizations.
  • Vektor Freight LLC is a logistics company that provides airline-like speed at the cost of ground transport. Through its network of relay points, combined with AI, it achieves “continuous flow trucking” that cuts truckload delivery times up to 50 percent.

Venture Class 13 participants join a robust community of fellow entrepreneurs, mentors, investors, instructors and top-level support professionals.

FAU Tech Runway® is a public-private partnership formed to incubate and accelerate early-stage technology-based companies, under the purview of FAU’s Division of Research . Applications for the next cycle of the Venture Program are now currently being accepted.

For more information on FAU Tech Runway®, visit techrunway.fau.edu.

By Nikki Cabus

Betr announces $15 million in strategic equity funding at $375 million valuation

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Betr Holdings, Inc. (“Betr”) announced it has closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation, bringing its total funding to date to $100 million.

Founded in 2022 by Joey Levy and Jake Paul, Betr is a leading sports gaming and sports media company focused on enhancing the consumption of sports through entertainment. Betr’s gaming products are differentiated through a unique product experience with a simplified user interface that is catered to the casual sports fan, enabling Betr to capture more of the underpenetrated online gaming addressable market.

The round was co-led by Harmony Partners and 10x Capital, with participation from the company’s three largest existing investors: Fuel Venture Capital, Aliya Capital Partners, and Roger Ehrenberg/Eberg Capital, alongside others. This round of financing comes off a highly successful 2023 for Betr, where the company reached a significant level of scale – both with respect to paying users and revenue – while doing so efficiently and profitably.

Betr recently announced market access expansion plans for its Online Sportsbook product, having secured market access in PennsylvaniaOhio, Virginia, Indiana, Colorado, and Kentucky, as well as the upcoming launch of its Casino product (pending regulatory approval), with the company also securing iGaming market access in Pennsylvania. Betr has also officially received its temporary Indiana sports wagering license from the Indiana Gaming Commission in recent weeks.

Betr also recently announced that it has fortified its senior leadership team, hiring Dan Maas as Head of Media Revenue, Partnerships, and Strategy and hiring Andrew Winchell as Head of Government Affairs. Dan joins Betr from Wave Sports & Entertainment, where he worked his way up from VP of Partnerships to EVP of Commercial and oversaw the development and monetization of highly successful premium franchises, including New Heights with Travis and Jason Kelce and Podcast P with Paul George, in addition to leading the monetization of their successful original short form video focused social media content strategy, which are both highly synergistic to the core pillars of Betr Media.

Dan will lead monetization efforts for Betr Media, positioning Betr’s media arm to become a large bona fide revenue-generating business – in addition to the primary benefit Betr Media serves, which is to create unfair customer acquisition economics for Betr Gaming. Andrew joins Betr from FanDuel, where he served as their Directory of Regulatory Affairs. Andrew brings a breadth of experience working closely with state regulators and political leaders on key issues pertaining to sports gaming and will meaningfully strengthen Betr’s internal government and regulatory affairs capabilities as the company scales in size and launches in new jurisdictions.

“We are thrilled to announce our strategic equity financing, new members of our senior leadership team, and the approval of our temporary Indiana sports wagering license,” said Joey Levy, Founder and CEO of Betr.

Jake (Paul) and I co-founded Betr just over two years ago, so raising capital from leading growth stage investors at a $375 million valuation in the very early days of our business is a testament to the performance of the team and business to date, and the potential we have to build a category defining business with Betr. Finally, I want to thank the Indiana Gaming Commission for the honor and privilege of a sports wagering license in the Hoosier state. We are excited to launch our new V1 Sportsbook product in Indiana over the coming months, while bringing our best-in-class responsible gaming standards to the state.”

Harmony Partners is a leading growth investor funding breakout emerging companies led by Mark Lotke, who led the software group at FTV Capital, led the pre-IPO group at Internet Capital Group, and prior to that was at General Atlantic. 10X Capital is a prolific venture capital firm led by co-founders Hans Thomas and David Weisburd having invested in companies including 23andMe, Palantir, Robinhood, and Udemy. 10X Capital was a significant investor in DraftKings going back to July 2018.

“We believe that Betr has the product, management and market opportunity that we saw in DraftKings in its early days with a significantly larger TAM and room for growth today,” said David Weisburd, Co-Founder and Head of Venture Capital at 10x Capital.

To learn more about Betr, visit www.betr.app

By Nikki Cabus

Broward College iSTEM Center Opens its Doors to Faculty at Professional Development Day

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Earlier this month Broward College introduced faculty and staff to the brand new iSTEM Center during their annual Professional Development Day.

A cutting-edge mobile technology center equipped with state-of-the-art software, hardware, and tools, the iSTEM Mobile’s debut marks a significant milestone in Broward College’s commitment to advancing STEM education. Designed to ignite students’ interest in careers in science, technology, engineering, and mathematics (STEM), the iSTEM Center provides an immersive, hands-on experience in robotics, coding, autonomous vehicles, and more.

Broward College’s “Accelerating College Completion by Engaging Students in STEM” (ACCESS) Project Grant through Title III addresses the academic and support services needs of Hispanics and underrepresented population and the growing need of employers in the region and needs of the students to improve completion and transfer rates in the Information Technology field of study.

The five-year, $5 Million grant was funded through the U.S. Department of Education’s Title III Hispanic Serving Institutions (HSI) STEM and Articulation program. The goal of this grant is to increase enrollment of full-time Hispanic and low-income degree-seeking students in STEM fields; expand integrated student academic and support services for Hispanics & low-income students in IT Career Pathways; increase success and completion of Hispanics and other low-income students in IT Career Pathway programs, and strengthen and develop articulation agreements and activities in IT Career Pathways.

This Spring the iSTEM Center will visit select Broward County public high schools, where students can explore tools that will be available to them in classes offered at Broward College. The mobile unit that will offer experiential learning experiences within Broward UP (Unlimited Potential) communities which have the high rates of unemployment in Broward County.

During the unveiling, faculty members had an exclusive opportunity to discover the mobile bus’s incredible capabilities. Engaging in virtual reality simulations, interacting with robots, and operating autonomous vehicles were just a glimpse of the exciting experiences. The mobile center encourages faculty to explore integrating these technologies into their course designs.

“I’m thrilled to present iSTEM Center to our faculty, as it serves the powerful purpose of enhancing our hands-on learning experiences and providing community members and students with an opportunity to delve into computer science and IT,” said Senior Project Director, Robert Diaz.

“These careers are in high demand, and our continuous aim is to equip students with opportunities, tools, and pathways for successful careers in these industries.”

Funding for the iSTEM Center comes from the U.S. Department of Education HSI STEM & Articulation Program, with additional support from the Employment and Training Administration (ETA) Community Project. Key personnel include Senior Director Robert Diaz, iSTEM Director Dr. Mitzi Fulwood, Apprenticeship Director Dr. Rehana Seepersad, Student Success Coordinator Arthur Rose, and part-time student assistants.

Learn more about Broward College’s STEM programs here.

By Nikki Cabus

Office Depot parent company signs new lease through 2033 amongst propsed redevelopment

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The joint venture of PEBB Enterprises and BH Group Miami continues to drive momentum at 6600 North Military Trail in Boca Raton with anchor tenant Office Depot signing a long-term lease agreement extending their headquarters at the property.

Almost one year after acquiring the three-buildings totaling 639,830-square-feet for $104 million in a partial sale-leaseback deal, BH Group and PEBB Enterprises are now joined by Miami-based Related Group. The trio is moving forward with plans for a mixed-use redevelopment at the nearly 29-acre site now called The Offices.

ODP Corporation, Office Depot’s parent company, amendeded the lease ensuring that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033. Previously leasing space spread out across all three towers, the ODP Corp. will now consolidate its headquarters the single central tower occupying 214,684-square-feet.

The propsed mixed-use redevelopment would replace the south tower with 500 multifamily units overlooking the Old Course Broken Sound golf course. Additionally,  the proposed project includes a 36,700-square-foot luxury gym, four retail and restaurant buildings, and two office buildings. The site already includes a fitness center, a cafeteria, an auditorium, many conference rooms and covered parking.

“Corporate office tenants are quickly catching on to the unique appeal of 6600 North Military Trail,” PEBB Chief Investment Officer Eric Hochman, CCIM said.

“Our extensive capital improvements plan for the property will only increase interest in the available office space. We are thrilled that ODP Corp. will continue to operate its corporate headquarters at the property for the foreseeable future.”

On Feb. 13, BH Group, PEBB and Related received an important city zoning ordinance from the Boca Raton City Council approving the planned mixed-use redevelopment. The partnership expects to complete the site plan city approval process during the fourth quarter of 2024.

In January, the partnership signed another lease for 20,388-square-feet of office space with renewable energy company MN8 Energy, one of the largest renewable energy producers in the United States serving large organizations with solar power generation, storage solutions & EV charging stations. Negotiations have begun for several other office spaces.

“In a changing office sector, tenants want to be in dynamic mixed-use environments,” Isaac Toledano of BH Group said. “We are poised to create a true town center for the area and bring Boca Raton new high-quality residences.”

For office leasing information at 6600 N. Military Trail, reach out to Adam Starr at astarr@pebbent.com, for retail, reach out to Jenny Schuemannjschuemann@pebbent.com. Rendering by Arcadis.

By Nikki Cabus

Hatter Angel Network invests in innovative Miami media company Streann Media AGAIN

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Hatter Angel Network makes its first-ever follow-on investment with media company Streann Media. 

Hatter Angel Network is an investment group started by Stetson alumni and faculty, who provide the financial backing to leverage recommendations from the students. By vetting and pitching companies to the group, students gain real-world experience with investing in emerging companies, primarily ones based in Florida.

In November of 2023, the Hatter Angel Network announced the completion one of its largest investments, providing about $300k in funding for Miami-based multimedia company, Streann Media, recommended by Stetson University entrepreneurship students. Students in the Venture Capital & Angel Investing class researched Streann Media during the Spring 2023 semester and made their final recommendation after connecting with the company through the Florida Venture Forum in February 2023.

Then again just last month, the Hatter Angel Network announced they are investing again in Streann Media for a second time making this their first-ever follow-on investment. The second investment was approximately $100k totally $400,000 to date.

“We are delighted for the opportunity to reinvest in Streann. They are our largest investment to date and have tremendous potential for growth,” said Dan Glunt, co-founder, Hatter Angels.

He continued, “Their leadership team is stellar, their technology offering is pure magic, and the customer experience is unmatched.”

After announcing its groundbreaking technology, TV 3.0, showcasing a new horizon in entertainment services, Streann was recently chosen as a top 50 company in Florida, selected as an Honoree for the 13th Annual GrowFL Florida Companies to Watch, a statewide awards program that identifies companies expected to see significant growth over the next several years.

“The past year has been transformative for Streann Media,” said Streann CEO and Co-founder Gio Punzo.

“We’re not only expanding our capabilities and reach, but also laying the groundwork for the next era of content creation and delivery of digital content, which we call TV 3.0™. TV 3.0™ is our patent-pending disruptive technology for next-generation streaming services that brings together the power of AI, AR and Social Content platforms.”

Aziel AigbogunStreann also announced that Stetson Finance student Aziel Aigbogun will be an active participant on their Board of Directors, serving as an observer. “We’re incredibly grateful to welcome Hatter Angels as a new partner, setting the stage for increased growth and innovation in the future,” Punzo said.

The Hatter Angel Network was conceived in 2019 and now boasts over 25 members. By working with the Stetson alumni, who are accredited investors, students in the entrepreneurial class get hands-on experience with startups during the due diligence process, as well as potentially serving on the startup’s board of directors. In addition, the Hatter Angel Network pledges 50% of profits from successful exits back to Stetson’s School of Business Administration, specifically for further startup investments for the Venture Capital classes of the future.

“The latest investment in Streann Media by the Hatter Angel Network is a great example of how students at Stetson’s Business School get to integrate theory and practice,” said Yiorgos Bakamitsos, PhD, Dean of Stetson’s School of Business Administration.

“By participating in rigorous experiential learning programs, such as the Hatter Angel Network, our students develop valuable skills that prepare them for successful professional careers.”

To learn more about Streann Media, visit www.streann.com

 

 

By Nikki Cabus

Adam Elitzur, Tech Hub Intern and 12th grader wins 2023 Congressional App Challenge in Florida’s 25th District

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Adam Elitzur, a South Florida Tech Hub intern and South Florida 12th grader won the 2023 Congressional App Challenge in Florida’s 25th District. 

The Congressional App Challenge is made up of members of the U.S. House of Representatives who host annual district-wide challenges for middle school and high school students, encouraging them to learn to code and inspiring them to pursue careers in computer science. Each challenge is district-specific and the U.S. Representatives publicly recognize the winning teams. Each winning app may be put on display in the U.S. Capitol Building for one year. The Congressional Internet Caucus initiates the annual CAC.

The Congressional App Challenge’s mission is to Inspire, Include and Innovate: inspire students from every corner of the country to explore STEM, coding and computer science through hands-on practice, to actively include and engage students from communities that are traditionally underrepresented in the tech community, and to innovate policymaking by connecting members of Congress to new and emerging technologies through personal interactions with their student constituents.

Songlingo is a fun, free website that helps people learn languages through songs. Songlingo will have you singing your way to fluency in no time! The app allows you to save specific words, songs and even compete against others with its leader board. For the price of a coffee (or or more), you can support this student-built app by making a donation.

The winning app was created by Adam Elitzur, a 12th grader currently enrolled at Posnack School which is a private Jewish day school located in Davie and the premier college preparatory Jewish school in Florida equipping students for success in a complex & interdependent world. Posnack School is a leader in the use of educational technologies to improve learning and engage students and has hosted events such as Hackathons to engage students in STEM-related activities that also support the community.

After moving to Broward with his family, Adam quickly realized the diversity of the South Florida region and the multitude of languages in the region. Over 25% of Broward County’s population speaks spanish and of that group almost 40% of that group speaks limited English. Adam also encountered a kindergarten student while volunteering with a local youth group witnessing how difficult is was for this child to communicate with other children and to make friends. Adam knew he had to learn spanish. He decided to build Songlingo.

Adam quickly gained proficiency in the language allowing him to better communicate with the spanish-speaking community around him. He quickly realized how impactful this technology could be used for those struggling to learn the English language. Removing the language barrier could improve access to healthcare, education, higher paying jobs and a plethora of other resources and opportunities.

“I began spreading the word through language learning social media channels. The site now has over 5,500 language learners across the globe, bridging language and cultural barriers,” Adam stated in an interview for a Congressional App Challenge article.

Debbie Wasserman Schultz, serves as the U.S. representative for Florida’s 25th congressional district, first elected to Congress in 2004. She was in attendance for Songlingo’s pitch and announcement of the first place award stating, “Congrats to this year’s FL-25 Congressional App Challenge winner!”

She continued, “Adam Elitzur’s app, Songlingo, aids language learning through music! I’m so inspired by all the STEM students, parents and teachers who made this year’s challenge a success.”

Adam is also an intern working at South Florida Tech Hub as a contributing writer. He was introduced to the organization when he attended Soflo DevCon 2023, a annual software developers conference, currently being held at Nova Southeastern University’s Davie campus. He attended the conference, attended classes and workshops, and connected with the CEO at the conference offering to write a recap article of the event.

As he awaits responses to a few of the universities he applied for, Adam just received an offer letter from the prestigious Massachusetts Institute of Technology (MIT). We are awaiting to hear what he officially decides!

The 2024 Congressional App Challenge will launch in May of 2024, and eligible students can pre-register for the competition now.

To learn more about Songlingo, visit www.song-lingo.com

By Nikki Cabus

Palm Beach County startup TurboDocx announces successful pre-seed funding round

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TurboDocx announced a significant milestone as the company closed its pre-seed funding round, raising $75,000.

The Palm Beach County-based TurboDocx was founded in 2022 and is at the forefront of the digital transformation in document and slide deck creation. By leveraging modular, centralized content and cutting-edge AI technologies, TurboDocx aims to simplify and improve the document creation process for professionals and businesses worldwide.

With a strong focus on user-driven innovation, TurboDocx is dedicated to delivering solutions that empower users with efficiency, creativity, and control over their digital content. TurboDocx let’s you create documents and slide decks in a matter of minutes savings companies valueable time and money.

Thanks to the generous backing of friends, family, and early supporters, the company has successfully raised $75,000 achieving more than a financial milestone, but a strong endorsement of the vision TurboDocx is pursuing and the innovative strides it is making in the field of document automation.

“We are immensely grateful for the support that extends far beyond financial contributions,” expressed Nicolas Fry, CEO of TurboDocx. “This backing is a clear vote of confidence in our mission to transform document and slide deck creation with modular content accelerated by artificial intelligence. It empowers us to move forward with our vision, driving innovation that matters to our users.”

“At TurboDocx, we understand the importance of structure in document creation. Our initial phase focuses on deconstructing your existing documents into modular building blocks,” states Fry. “This lays the foundational ‘knowledge’ necessary for the next steps in our smart document evolution.”

TurboDocx remains steadfast in its focus, channeling this support to further develop its collaboration flows, AI capabilities, and ensuring that the solutions set benchmarks for efficiency, re-usability, and innovation. The company is dedicated to advancing its technology in ways that directly respond to the evolving needs of professionals and businesses alike.

The recent funding will accelerate the company’s efforts to enhance its collaboration toolsets, AI capabilities, refine user experience, and expand its offerings to meet and exceed market expectations. The funding will support focused partner and client need research to understand and address the evolving needs of users, enhanced solutions that set new benchmarks for efficiency, re-usability, and innovation, and go-to-market (GTM) consisting of partner and channel growth with support from TuboDocx investment team and advisors.

TurboDocx’s approach to development is deeply rooted in a commitment to meaningful innovation. “Our partners and clients are the compass that guides our product roadmap. Their feedback and needs inspire our innovation, helping us prioritize features and capabilities that deliver real value,” Fry noted.

To learn more about TurboDocx, please visit www.turbodocx.com

By Nikki Cabus

Citi Ventures Backs Capstack Technologies, the First Integrated Bank-to-Bank Loan Marketplace

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Miami-based Capstack Technologies has secured a $6 million strategic investment from Citi Ventures, marking a significant milestone in its mission to revolutionize banking technology.

Capstack Technologies is building the first integrated bank-to-bank loan marketplace, enabling cooperation across banks and financial services institutions to increase profitability and mitigate risk through asset diversification. The company, founded by Pipe co-founder Michal Cieplinski, is dedicated to building a sophisticated infrastructure to redefine banking operations, enhance risk management, and deliver cutting-edge solutions for small and medium-sized banks. Capstack Technologies is backed by world-class investors, including Citi Ventures, Fin Capital, Alloy Labs, Cambrian Ventures, Cowboy Ventures, Future Perfect Ventures, Gaingels, Selah Ventures, Uncorrelated Ventures and Valor Equity Partners.

Amidst a challenging investment climate, this $6 million in funding is a testament to Capstack Technologies’ innovation following their successful $6 million fundraising last summer. This investment coincides with establishing a high-profile advisory board and adding experienced executives from community and regional banks, propelling Capstack Technologies into a new era of growth and market leadership.

“Citi Ventures is committed to investing in companies that have the potential to drive our industry forward,” said Jeff Flynn, Director, Citi Ventures. “Capstack Technologies’ innovative approach could fundamentally change the way smaller banks manage risk and grow their businesses, and ultimately could create opportunities for Citi to engage differently with this sizable segment of the financial services ecosystem.”

Capstack Technologies is leading the way with its “first bank-to-bank marketplace,” promoting transparency, collaboration, and efficiency among small and medium-sized banks. This initiative aligns with the U.S. financial sector’s imperative to reduce concentration risk, as highlighted by such risks in Silicon Valley Bank and other failed banks. Notably, the U.S. was home to 4,123 community and regional banks in 2023, comprising nearly 97% of all banks and collectively overseeing assets valued at $3.4 trillion.

“Securing this strategic investment from Citi Ventures, forming a distinguished advisory board, and welcoming experienced executives from community and regional banks collectively mark a pivotal moment for Capstack Technologies,” stated Michal Cieplinski, CEO of Capstack Technologies. “These milestones validate our vision and accelerate our mission to revolutionize banking technology for the community.”

Formation of the Advisory Board

Capstack Technologies has formed an advisory board comprising industry veterans Trey Maust, Chairman of Lewis & Clark Bancorp, Patrick Kennedy, Executive Chairman of TransPecos Banks and Dub Sutherland of Kennedy Sutherland LLP. These advisors bring a wealth of experience in banking, law, and financial technologies, guiding Capstack Technologies’ strategic direction in the banking sector.

“As a member of the advisory board for Capstack Technologies, I am deeply impressed by the caliber of talent and expertise we have assembled to guide this groundbreaking technology,” expressed Kennedy. “Having the right people involved is crucial in steering such innovative solutions. The experiences and insights our team brings are essential in shaping a technology that has the potential to redefine the banking sector.”

New Executives

Capstack Technologies is also bolstering its leadership team with David McArdle as Head of Banking Relationships and Randy Riffle as Head of Customer & Platform Operations. McArdle, with his extensive experience in banking and fintech, will focus on streamlining processes for C-suite executives in community banks. With his extensive credit and lending background, Riffle will lead the charge in transforming operational efficiencies and focusing on positive customer experiences.

“To contribute to an organization at the forefront of such a transformative movement within the banking sector is inspiring,” said Riffle. “The advent of this technology epitomizes the requirement of all bank sizes to create efficiencies in the participation and whole loan marketplace model.”

“This moment is pivotal for Capstack Technologies, as we’ve successfully secured strategic funding from Citi Ventures, assembled a formidable advisory board, and significantly enhanced our leadership team,” concludes Cieplinski. “These steps are a clear testament to our unwavering commitment to innovation and underscore our growing significance in the current investment climate. We are not just making strides but setting new standards in the banking technology sector.”

To learn more about Capstack Technologies, visit www.capstack.ai

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FIRST Robotics Competition South Florida Regional awards multiple teams with honors & on to World Championship
Florida Atlantic’s Tech Runway announced its 13th cohort companies
Betr announces $15 million in strategic equity funding at $375 million valuation
Broward College iSTEM Center Opens its Doors to Faculty at Professional Development Day
Office Depot parent company signs new lease through 2033 amongst propsed redevelopment
Hatter Angel Network invests in innovative Miami media company Streann Media AGAIN
Adam Elitzur, Tech Hub Intern and 12th grader wins 2023 Congressional App Challenge in Florida’s 25th District
Palm Beach County startup TurboDocx announces successful pre-seed funding round
Citi Ventures Backs Capstack Technologies, the First Integrated Bank-to-Bank Loan Marketplace