Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.
LIVIN Farms, an industrial technology provider in the alternative protein industry, has developed HIVE PRO, a fully automated process that allows waste management companies and large scale food producers to convert organic waste and by-products into revenue earning proteins, fats, and fertilisers using insect larvae. The company raised a EUR 6 Million Series A round led by venture investor Peter Luersse.
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Digital Assets: Sam Bankman-Fried’s FTX US Wins Auction For Voyager Digital’s Bankruptcy Assets With $1.4B Bid
West Realm Shires Inc., dba FTX US, has won the bankruptcy auction for the assets of Voyager Digital with a bid of about $1.422 billion. It was held to be the best and highest bid after an auction process that included multiple rounds of bidding over a period of two weeks.
Clearview AI announced its win of the “Scalable Training Data Preparation Pipeline And Efficient Distributed Trainer For Deep Neural Networks In Facial Recognition” patent (U.S. Patent No. 11,443,553) issued by the U.S. Patent and Trademark Office (USPTO). The patented technology is able to create highly accurate, bias-free facial recognition algorithms from publicly available information.
Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder capitalism. It manages its portfolios in alignment with the 17 United Nations Sustainable Development Goals (pictured above) to affect positive change. Earlier this month, it launched the Newday Sustainable Development Equity ETF (SDGS).
Disperse, a provider of AI software that streamlines processes and productivity at construction projects, has raised $16 million in a funding round led by 2150 with participation by existing investors including Northzone and Kindred Capital. The company will use the new funds for product advancements and expanding the go-to-market function in the Americas. Disperse systems will support project managers during a recessionary environment, volatility in labor and materials markets, and other typical operational issues.
According to a Bloomberg report, South Korean authorities have confirmed in a text message Monday that Interpol had issued a Red Notice for Kwon, requesting law enforcement forces globally to locate and arrest Do Kwon, the co-founder of the ill-fated Terraform Labs. Kwon is accused in South Korea of various crimes, including violations of capital market law, and courts there have already issued a warrant for his arrest.
ff Venture Capital, or ffVC, an early-stage venture firm focused on global opportunities, launched the ff Blue & Yellow Heritage Fund, the first US venture capital fund exclusively for Ukrainian founders and startups. Of the targeted amount of $50 million the new fund has already received commitments for $30mm from institutional, family offices and corporate investors.
A Ukrainian startup called Respeecher took up the task of using AI to recreate Jone’s voice in Disney Plus’ Obi-Wan Kenobi. According to The Verge, which cited Vanity Fair, Jones had signed off rights to his archival voice work.
Thousands of banks and financial institutions can now offer cross-border payments for small- and medium-sized businesses, and individuals, in multiple currencies and countries, via a Finastra-Visa Direct tie-up. This BaaS offering is a cost-effective alternative to deploying a custom-built cross-border payment solution that could be both expensive and time-consuming for banks in the current environment.
FinTech: SAP-Owned Taulia And Standard Chartered To Collaborate On Working Capital Finance Solutions
Taulia, a provider of working capital solutions, and Standard Chartered announced a Memorandum of Understanding to jointly advance working capital management solutions and strengthen financial supply chains. Taulia was acquired in January this year by SAP (NYSE: SAP) in a move aimed at giving companies better access to liquidity and improving their cash flows.
Klarna’s chief operating officer, Camilla Giesecke, sent a live video message to employees on Monday afternoon, announcing that the company would be implementing additional layoffs. The message went out to about 500 employees in three departments, and justified the action on “the more focused nature of today’s Klarna.”
FinTech: Metoda Finance And Mambu Join To Offer Banking Solutions That Are Regulation Compliant In Italy
Global cloud banking and SaaS platform Mambu and Metoda Finance, an Italian provider of compliance and financial services have teamed to offer a suite of Italian regulation-driven banking technology solutions, integrated with Mambu’s SaaS banking platform.
Rivus Pharmaceuticals Inc announced its $132 million Series B financing that would advance obesity drug HU6, its lead candidate, and a first-in-class Controlled Metabolic Accelerator (CMA) for cardio-metabolic disease, as well as obesity, the primary driver of the disease.
With a view to driving broader institutional adoption of digital assets, NASDAQ has launched a new digital assets business titled Nasdaq Digital Assets to provide a proprietary custody solution with liquidity and execution services for financial institutions.
Sprott Funds filed Tuesday to launch the Sprott Energy Transition Materials ETF, an ETF that would invest in securities of companies engaged in activities relating to energy transition materials.
The iShares MSCI Water Management Multisector ETF (NASDAQ: IWTR), a new ETF from iShares launched on Thursday, focuses on water sustainability and invests across the globe given that 41% of the world is in areas facing high or very high levels of water shortage.
Alternative Investments/ESG: Norwegian Sovereign Wealth Fund Norges Bank Places Nine More Companies on ESG Blacklist
Norges Bank is Norway’s central bank and also manages its $ 1.2 trillion Government Pension Fund Global. As a part of its governance procedures, the pension funds Council on Ethics periodically reviews the portfolio to identify companies that would qualify for exclusion under its strict climate guidelines. Based on recommendations from this council, Norges Bank has placed another nine companies on its exclusion list for investment.
Khushboo Patel, an engineering graduate from Surat and Neel Panchal, co-founder of graphene manufacturing startup LHP Nanotechnologies have got together to develop a jacket made of graphene for the Indian Armed Forces that would keep soldiers warm and comfortable even in the harshest of climate.
Nomura Holdings (TYO: 8604), the Japanese investment banking behemoth, has incorporated Laser Digital Holdings AG in Switzerland for its new digital assets business, Laser Digital. Laser will focus on the three core businesses of Secondary Trading, Venture Capital and Investor Products.
Pie Insurance, a small business-focused insurtech, raised a $ 315 million series D round led by Centerbridge Partners and Allianz X, the digital investments arm of Allianz Group. White Mountains Insurance Group participated as a new investor, while Gallatin Point Capital, Greycroft, Acrew Capital and others were repeat investors.
The Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ: CCSO) from Carbon Collective Investing invests in about 200 companies in sectors such as clean energy, electrified transportation, efficient buildings, circular economy, sustainable food, and industrial electrification. The companies maybe of any market capitalisation but must be dedicated to solving climate change.
The Marine Mammal Center and The Benioff Ocean Science Laboratory have announced a collaboration to bring Whale Safe, a technology-based mapping and analysis system to help prevent whale-ship collisions in the San Francisco Bay Area region.
The Kroger Co (NYSE: KR), America’s biggest grocery retailer, is implementing a self-checkout solution developed using Everseen’s Visual AI. This technology leverages high-resolution cameras and a combination of computer vision and AI capabilities developed on Nvidia’s (NASDAQ: NVDA) Accelerated Computing AI Platform.
Artificial Intelligence: AI To Prevent Endangered Eagle Species From Flying Into German Wind Turbines
Only about 130 breeding pairs of the lesser spotted eagle are known to be surviving. This species of eagle is known to ride thermal currents that prevail over past German flatlands that will soon see vast wind farms in the country’s rush to replace increasingly doubtful supplies of Russian gas, coal-based power and nuclear energy.