CIT’s Virginia Founders Fund Invests in Card Isle to Innovate the Greeting Card Industry

Technology startup offers personalized and print boutique-quality greeting cards

Card Isle was founded in 2013 by three Virginia Tech engineering students passionate about making greeting cards more personal, accessible and fun!

www.cardisle.com
Card Isle was founded in 2013 by three Virginia Tech engineering students passionate about making greeting cards more personal, accessible and fun! www.cardisle.com
Card Isle was founded in 2013 by three Virginia Tech engineering students passionate about making greeting cards more personal, accessible and fun! www.cardisle.com
Card Isle
www.cardisle.com
Card Isle www.cardisle.com
Card Isle www.cardisle.com

Richmond, VA, Oct. 12, 2020 (GLOBE NEWSWIRE) — The Center for Innovative Technology (CIT) today announced that the Virginia Founders Fund (VFF) has invested in Card Isle, a Blacksburg, Va.-based technology company that is rethinking how greeting cards can be distributed in a changing retail landscape. Card Isle offers turnkey solutions to design, order, and print personalized greeting cards, and will use this capital from VFF to continue their rapid growth in the eCommerce gifting sector and develop new markets.

 

Greeting cards have a unique ability to connect people of all generations, whether it is to celebrate a birthday or anniversary, or to express sympathy or gratitude. Card Isle is focused on creating a stress-free card-buying experience by making greeting cards more personal, accessible, and fun. Card Isle’s suite of personalized greeting card printing solutions are used by retailers across the U.S. and Canada, allowing consumers to customize cards online and print them on-demand at a location convenient to them. Retailers can also use Card Isle’s ecommerce solutions to cross-sell personalized greeting cards with any product ordered online.

 

“For an industry worth $6.2 billion dollars, the typical card-buying experience is pretty grim. If you’re like me, you probably spend a lot of time searching for the right card, but still settle on a mediocre one. Card Isle is here to change that experience,” said Adam Donato, CEO of Card Isle. “We make it possible for customers to design their

Dynegy Donates $50,000 to Fund STEAM Programming at the Chicago Urban League

CHICAGO, Oct. 12, 2020 /PRNewswire/ — Dynegy today announced a $50,000 donation to the Chicago Urban League, aimed at ensuring access to quality education. The donation will directly fund the Chicago Urban League’s Youth Services Center (formerly the Center for Student Development), which offers services and programs to help students thrive academically and, ultimately, professionally.

“In this moment, we must acknowledge that fundamental building blocks – like a good education – are out of reach for too many people. As a corporation, Vistra is determined to be part of the solution,” said Curt Morgan, president and CEO of Vistra. “Vistra and our team at Dynegy are fully committed to strengthening the communities we serve. For us, that means driving inclusion, promoting equity, and investing in the organizations that serve as a springboard for the next generation of diverse, American leaders.” 

Dynegy’s donation will advance the Chicago Urban League’s STEAM (science, technology, engineering, art, and math) programs, which prepare middle school through college students to compete in a growing global economy.

“Our programming engages youth in hands-on applications of science, technology, engineering and math and helps many of them see themselves on a path to a STEAM career though exposure, equity, and access,” said Karen Freeman-Wilson, president and CEO of the Chicago Urban League. “Dynegy’s generous donation directly contributed to our ability to serve more youth through our virtual STEAM camp this summer and will continue to support our programming over the current academic year.”

Dynegy’s donation is part of a $10 million commitment from Dynegy’s parent company, Vistra, to support organizations that grow minority-owned small businesses, enhance economic development, and provide educational opportunities for students from diverse backgrounds. Serving nearly 5 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is the largest

Indonesia’s AC Ventures Targets New $80 Million Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than 100 tech ventures.

The firm will have a strategic alliance with Indies Capital, an alternative asset manager with more than $600 million of assets under management where Sjahrir serves as a managing partner. One of its funds, Indies Pelago, invests in late-stage technology startups in Southeast Asia.

With the new fund, AC Ventures plans to make an initial investment of as much as $3 million in each startup. It has put money into companies such as logistics startup Kargo and BukuWarung, a bookkeeping app built for 60 million micro-merchants in the country.

“With AC Ventures, we can invest across the spectrum — from very early-stage, to growth and late-stage startups,” Sjahrir said in an interview. “The Covid-19 era has shown entrepreneurs with grit, and investment companies that can put capital to work.”

Read more: Singapore’s Indies Raises $100 Million for Third Asian Fund

For more articles like this, please visit

AC Ventures Targets New $80 Million Indonesian Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

Loading...

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than 100 tech ventures.

The firm will have a strategic alliance with Indies Capital, an alternative asset manager with more than $600 million of assets under management where Sjahrir serves as a managing partner. One of its funds, Indies Pelago, invests in late-stage technology startups in Southeast Asia.

With the new fund, AC Ventures plans to make an initial investment of as much as $3 million in each startup. It has put money into companies such as logistics startup Kargo and BukuWarung, a bookkeeping app built for 60 million micro-merchants in the country.

“With AC Ventures, we can invest across the spectrum — from very early-stage, to growth and late-stage startups,” Sjahrir said in an interview. “The Covid-19 era has shown entrepreneurs with grit, and investment companies that can put capital to work.”

Read more: Singapore’s Indies Raises $100 Million for Third Asian Fund

For more articles like this, please visit

AI Startup Vestun Launches Hedge Fund Navigating Market Turbulence

Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.

Vestun

Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.
Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.
Swiss-based AI company Vestun opens its market agnostic hedge fund strategy to new outside investors.

Zurich, Switzerland, Oct. 07, 2020 (GLOBE NEWSWIRE) — Vestun, a Swiss-based financial and technology company has now opened the launch of its hedge fund to new outside investors. The firm which until now has been only managing its own capital announced that its investment vehicle will open to institutional investments including banks, multi-family offices and asset managers within certain jurisdiction. 

The company flagship strategy trades liquid US equities systematically. The strategy is designed to autonomously adapts its portfolio and risk exposure dynamically to the prevailing market conditions. In contrast to traditional systematic strategies, Vestun’s approach does not rely on statistical rules and historical events to generate signals. Instead, the strategy aggregate domain specific intelligence with datasets that individually perform in their own economics while remaining uncorrelated against each other.

Chayan Asli, the founder and CEO of the company commented: “Nowadays, everyone has access to the same financial datasets and machine learning models. If everyone uses the same smart systems with the same recipe for success, it will undermine the competitive advantage obtained by using computer-driven models to invest. In our belief, relying on signals generated from statistical rigid rules and backtesting history are not sustainable for delivering consistent long-term market outperformance”.

Over the past decade, there has been an increasing number of funds involving data scientists or so-called “quants” using machines to build large statistical models. While they are usually more disciplined than their discretionary counterpart, the problem is that they tend to remain static. These models are usually not able to perform