Led · Series B · Jun 2023

Calidi Biotherapeutics is an immunotherapy company based in San Diego. The company announced the exercise of warrants to generate gross proceeds. The press materials include a headline citing $2.1 million in gross proceeds while the article body reports $1.9 million. The financing instrument was the exercise of warrants; the articles do not disclose purchasers or participating investors. The announcement ran via Business Wire and was republished by Biotech Networks under the ticker $CLDI. Calidi Biotherapeutics is a clinical-stage immuno-oncology company based in San Diego, led by CEO Allan Camaisa. The company develops proprietary off-the-shelf, cell-based delivery platforms that protect, amplify, and potentiate oncolytic viruses to improve efficacy and patient safety. Its pipeline includes CLD-101, CLD-201, and CLD-202, which use a potent allogeneic stem cell and oncolytic virus combination for multiple oncology indications. Calidi’s technology focuses on effective delivery and potentiation of oncolytic viruses for targeted therapy against difficult-to-treat cancers. The company intends to use new funding to continue advancement of its pipeline programs. Financially, Calidi recently completed a $25M Series B financing to support its clinical development activities. Calidi Biotherapeutics is a clinical-stage immuno-oncology company developing cell-based oncolytic virus therapies. Its lead program, Supernova 1 (SNV1c), is a tumor-selective vaccinia virus combined with allogeneic adipose-derived mesenchymal stem cells (AD-MSC). The company is advancing a potent allogeneic stem cell and oncolytic virus combination for multiple oncology indications and is developing a universal cell delivery system to house, protect, and potentiate oncolytic viruses. The recently announced Series A investments from two South Korean firms will fund manufacturing work to prepare pre-IND and IND filings. Investment efforts were led by Heehyoung Lee, Ph.D., of LumeBio, who facilitated relationships with Won & Partners and Greentable Co., Ltd. Calidi is headquartered in San Diego, California.

Led · Equity · Jan 2018

Clover is a mobile dating service led by CEO Isaac Raichyk that offers on-demand dating and mixers designed to shorten the time between first contact and an in-person date. The app is available on iPhone, iPad, Apple Watch and Android. Clover reports 4 million mobile users, with roughly 80% in the largest U.S. markets and 75% in the 18–34 age group. The company plans to use new financing to expand its team, launch new features and accelerate user acquisition. The business is privately held and headquartered in Toronto, Canada. The product focus is on moving users from chat to real-world meetings through features and events. Clover is a mobile on-demand dating service led by CEO Isaac Raichyk that leverages a matchmaking algorithm to automatically find nearby people who want to meet users. The app is available on iPhone, iPad and Apple Watch. The company closed a $2M funding round and has raised $4M in total. Clover plans to use the new funds to accelerate growth, expand the platform and build out the team. As part of the financing, Tony Wonnacott and Michael Allen will join Clover’s board of directors. The company is based in Toronto, Canada.

Led · Equity · Nov 2016

Brightmark Energy is a private, San Francisco-based provider of tailored clean energy generation solutions for commercial and industrial customers in North America. The company offers technologies including combined heat and power (CHP), solar, wind and waste-to-energy and structures projects to lower customer carbon emissions while providing operational reliability and cost control with no or little upfront capital. Brightmark launched operations on August 1, 2016 and secured an initial equity and debt commitment of up to $250 million from Jackson Investment Group to fund its launch. Jackson Investment Group is described as a private investment firm that manages over $1.5 billion of assets. Brightmark focuses on self-originated and developed customer generation projects as well as acquisitions of clean energy generation projects. The management team averages over 25 years of individual clean energy experience and has completed well over 10 gigawatts of projects worldwide; the company has acquired control of one operating CHP project in the U.S., is starting construction of another in Canada, and is in advanced discussions on additional opportunities.