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Agrilyst Raises $8 Million Series A Co-Led by Astanor Ventures and Talis Capital; Rebrands to Artemis

Agrilyst Raises $8 Million Series A Co-Led by Astanor Ventures and Talis Capital; Rebrands to Artemis

PRESS RELEASE

Company will accelerate vision for a more efficient, traceable, and compliant agricultural economy with investment and new board members

NEW YORK, NY – May 22 , 2019 – Artemis (formerly Agrilyst) , the leading enterprise Cultivation Management Platform (CMP), today announced it has closed a $8 million Series A funding round co-led by Astanor Ventures and Talis Capital with participation from existing investors New York State’s Empire State Development Fund and iSelect Fund . The company has raised $11.75m to date and will use the new funding to rapidly scale sales and expand its team across product, engineering, sales and marketing.
In addition to the new funding, the company announced it has changed its name to Artemis as part of its current rebranding initiative, which will include a new website and corporate branding in June. The company also appointed Dr. Kathleen Merrigan and Charlie O’Donnell to its Board of Directors. Merrigan is the former Deputy Secretary of Agriculture under President Obama and is the first Executive Director of the Swette Center for Sustainable Food Systems at Arizona State University. O’Donnell is the sole Partner and Founder at Brooklyn Bridge Ventures and led the company’s seed round of financing.
“We started Artemis with a mission to help indoor farmers and greenhouse operators better manage their operations,” said Allison Kopf, founder and CEO. “This investment coupled with the guidance and deep expertise of Kathleen and Charlie will take our vision, product, and service to the next level — accelerating our ability to enable enterprise-level horticulture businesses to profit and grow.”
Artemis’ proprietary CMP enables owners and managers of large-scale horticulture facilities to reduce risk, scale operations, ensure compliance, manage workers, and achieve greater efficiency and profitability across the entire supply chain — from cultivation to sales. Artemis’ integrated solution provides a single pane view of operations, allowing users to track workflows, detect and trace food safety issues, and manage facility production and labor costs.
“Technology innovation is rapidly transforming the agriculture sector. Artemis’ approach to using data as a catalyst for growth and risk management provides the company a significant advantage with enterprise-level horticulture operations,” said Kathleen Merrigan, venture partner at Astanor Ventures and new Artemis board member.
“The Artemis team has built an incredible solution that’s already captured the attention of some of the largest farming companies in the world. There is a clear opportunity in the agtech space with these types of innovators. We look forward to being part of Artemis’ next phase of growth as they extend their leadership position in the space,” said Matus Maar, Co-founder and Managing Partner at Talis Capital.
Artemis is a trusted partner to some of the world’s largest farming companies. Since launching in 2015, it has seen strong customer growth with companies worth a collective $5 billion using the platform daily. Artemis has attracted a wide range of users that are foremost interested in the security, compliance, profitability, and potential to expand their operations. The company has also partnered with others in the agtech ecosystem, enabling users to further reduce risk across all areas of their business.
“As someone who first met Allison and learned about Artemis when it was just a concept, it’s been exciting to watch it grow from founding to an award-winning company and product that’s well positioned to play a significant role in the future of food production and safety at a massive scale,” said Charlie O'Donnell, Founder and General Partner at Brooklyn Bridge Ventures and new Artemis board member.

About Artemis
Founded in 2015, Artemis provides a world-class Cultivation Management Platform that enables owners and managers of enterprise horticulture facilities to drive efficiency, profits, and growth while ensuring security and regulatory compliance. With Artemis, users can manage workflow and daily tasks, register crop batches, trace food safety issues, manage workers, and leverage data insights to increase workforce efficiency and crop productivity. The platform integrates easily with other software for climate control, shipping/logistics, accounting, ERP/MRP, CRM, and Point of Sale Commerce. The company is headquartered in Brooklyn, NY. For more information visit www.artemisag.com

About Astanor Ventures
Impact investor Astanor Ventures brings together capital, deep sector expertise and a long track record of leveraging disruptive technologies to bring about a future of food that is nourishing, regenerative, trusted and ultra-fresh. Founded by individuals who have backed some of Europe’s most successful startups, Astanor Ventures helps ambitious, purpose-aligned founders build global companies in the sustainable agri-food sector. For more information visit www.astanor.com

About Talis Capital
Talis Capital is a venture capital investment firm that takes smart money from some of the world’s most successful entrepreneurs and business people and invests it strategically in early stage technology companies with global potential. Talis has invested over $500m worth of transactions since 2009 and the portfolio includes Darktrace, Onfido, iwoca, Pirate Studios, Luminance, Ynsect and Oh My Green. Focused on building long-term partnerships, Talis leverages its network to give some of the world’s most innovative startups opportunity to thrive.
www.taliscapital.com

Price f(x) adds new marketing chief after accomplishing the most successful year in its history

  • Patrick Moorhead joins as Chief Marketing Officer from big data startup Label Insight to help the company continue its strong growth, following its doubling in size for three consecutive years

  • The appointment follows a hugely successful 2018 for Price f(x) which included the completion of its second financing round with strategic investment from Digital+ Partners and Bain & Company

  • In 2018, Price f(x) was awarded “Cool Vendor of Digital Commerce” by Gartner®, selected as pricing technology provider to Bain & Company’s “Pricing Navigator” offering and certified as an SAP® AppCenter partner

MUNICH / CHICAGOFebruary 12th, 2019 – Price f(x), the global leader in cloud pricing software, has appointed a new Chief Marketing Officer to build on the most successful year in the company's history. Patrick Moorhead, who has more than 20 years’ experience in marketing and has worked at technology companies like Twitter and Razorfish, joins from big data startup, Label Insight.

The appointment follows the successful completion of Price f(x)'s second financing round, at the end of 2018, led by Digital Plus Partners, a leading European B2B growth technology investor, and Bain & Company, one of the world's leading management consultancies.

By the end of 2018, Price f(x) was serving 90 global customers, including industry leaders such as Robert Bosch, MediaMarktSaturn, SchneiderElectric, Iron Mountain and Owens-Illinois. Jose Redondo, Global Pricing Excellence Leader at Owens-Illinois said, “We’ve decided to switch from a first-generation price optimization provider to Price f(x) in 2018 because of its flexibility, responsiveness and implementation speed”. The company was awarded “Cool Vendor of Digital Commerce” by Gartner, selected as pricing technology provider to Bain & Company’s “Pricing Navigator” offering and certified as an SAP® AppCenter partner.

“We’re excited to welcome Patrick to the Price f(x) leadership team. With his diverse background in social and digital media, advertising, brand strategy, and marketing for SaaS solutions, Patrick will help to solidify Price f(x) as a globally recognized leader in the pricing SaaS industry, and ensure our growth continues under the banner of a brand that reflects our customers’ voices, our company’s values, and our product innovations.” said Marcin Cichon, Price f(x) CEO.

Patrick Moorhead said: "I'm excited to join a company that is growing rapidly, attracting new customers and winning awards. Price f(x) was founded on a vision of providing a cloud-powered middle-office management platform that serves the entire life-cycle of customers' pricing needs and the team's success in 2018 is testament to how well they are realizing that vision. I'm looking forward to helping them to achieve even more success."

Tom Fencl, Price f(x)’s CFO said: “Patrick will be a key part of our team. We expanded massively in 2018, adding close to 30 new customers and growing our global team to more than 200. Patrick joins us at an exciting time when we currently have over 100 open positions in the company worldwide and plan to expand across all functions. We are looking forward to another exciting year of growth."

Axel Krieger, Founding Partner at Digital+ Partners and Price f(x) supervisory board member, said: “To double in size each year for three consecutive years, in such a highly complex enterprise software segment, as Price f(x) has done, is a tremendous achievement. We are very impressed with Price f(x) because of its past growth, and because of the huge growth opportunity ahead."

Matus Maar, Co-founder and Managing Partner at Talis Capital and Price f(x) supervisory board member said: "When we invested in 2016 alongside with Credo Ventures, we saw the potential for Price f(x) to become a global solution for industry leaders solving a suite of price management challenges. We’re proud to note a record-breaking year for Price f(x) and the addition of Patrick Moorhead to their excellent team, as the company continues to attract and retain a super high-quality customer base. The team’s excellent customer service, operational expertise and impressive dedication has been a recipe for success. We’re excited by their plans for future expansion and are optimistic for another year of astronomical growth!"

- ENDS -

About Price f(x)
Established in 2011 in Germany, Price f(x) AG is the provider of a full suite of price management and CPQ SaaS solution based on the latest native cloud architecture, offering broad and flexible support to the entire price management closed loop cycle of Price Strategy, Controlling, Setting and Realization. The solution is suitable for B2B and B2C as well as for any industry, any size of business and geographical location. Price f(x)’s vision is to remain the leading SaaS pricing and CPQ platform provider offering easy to use, fast to implement, flexible to adapt, risk free and inexpensive, comprehensive solutions. Price f(x)’s business model is entirely based on the satisfaction and loyalty of its customers. For more information please visit: www.pricefx.com.

About Digital+ Partners
Digital+ Partners is a leading technology growth equity investor focused on European and US technology companies with €350 million assets under management. Digital+ supports ambitious entrepreneurs to build global technology leaders by providing them with strategic advice and long-term financial support to help them define and execute their growth plans. The fund focuses exclusively on B2B technology companies and leverages a deep corporate network to help portfolio companies access new markets and build new partnerships. For more information please visit: www.dplus.partners.

About Talis Capital
Talis Capital is a unique Venture Capital investment firm funded by a group of successful and strategic ultra-high net worth entrepreneurs. Focused on backing emerging software technologies, Talis has invested over $500m worth of transactions since 2009 and the portfolio includes Darktrace, Onfido, iwoca, Pirate Studios, Luminance, Threads, Oh My Green to name just a few. Talis concentrates on building long term partnerships and leverages its exclusive investor network to create opportunity. The team looks for innovative high growth companies with sector defining ventures and attractive business models.

www.taliscapital.com

Threads, Darktrace, Censornet & iwoca make the top 100 list

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We're delighted to reveal that 4 companies from the Talis Capital portfolio feature in this year's league table. The report, entitled Top 100: Britain's Fastest-Growing Businesses identified Threads, Darktrace, CensorNet, and iwoca amongst the companies that have increased in value the most since 2015. Congratulations to them all!

Download a free copy of the
full report here.

Portfolio Update - 31.08.2018

ClauseMatch have joined the Investment Association, the UK's trade body representing investment managers with over £6.9 trillion assets under management, as their first FinTech member.

 

Narrativ have graduated from German software giant SAP's Foundry accelerator and have been given access to SAP's extensive partner and customer network including enterprises such as Coca Cola and General Electric.

 

Homelyfe have launched their partner program, enabling third party firms to provide Homelyfe's insurance offering alongside their products, and have partnered with Premium Credit, a leading UK premium finance enterprise with over 2.2 million customers.

 

Talis Capital-backed Narrativ Recognised As World Economic Forum Technology Pioneer

Company honoured for building technology to re-architect an independent and profitable media ecosystem

(LONDON, June 21, 2018), Narrativ, an innovative media technology company backed by Talis Capital (‘Talis’) has been honoured by the World Economic Forum (‘WEF’) as a 2018 Technology Pioneer.

Narrativ’s SmartLink AI transforms hard-coded links into intelligent, continuously self-repairing nodes - creating an open marketplace for product links while ending the 404. To date, SmartLink AI has restored more than one billion links, impacting more than 200 million internet users every month.

The World Economic Forum Technology Pioneers is a community of early-stage companies from around the world poised to have a significant impact on business and society.  Past recipients of the award include Google, AirBnb, Kickstarter, Blockchain, Palantir and Wikipedia. Other Talis-backed winners of the award include Darktrace and Onfido.

Narrativ’s technology unlocks a new revenue source for publishers by democratizing 100mm consumers, creating a sustainable business model that maintains integrity for the 4th estate. The Company was founded by Shirley Chen, former consultant at McKinsey & Company and Director of Marketing and Business Development at Moda Operandi. She is one of 14 female founders recognized by WEF this year.

Talis participated in the angel funding round and went on to lead the seed funding round in Narrativ, which also included participation from New Enterprise Associates. These investments have allowed Narrativ to innovate further through investment into technology and to continue to drive the expansion of the business.

Narrativ’s mission is to build a strong technology foundation for journalism and commerce. It’s our generation’s responsibility to build a sustainable and profitable media ecosystem,” said Shirley Chen, CEO and Founder of Narrativ. “The foundation of this ecosystem is free-flowing data, accessed by working links. We need to restore links for the benefit of every user of the Internet - publishers, advertisers and consumers alike.”

Matus Maar, Managing Partner and Co-founder of Talis Capital said: “Narrativ is shaping the future of journalism and commerce on the internet. By devising innovative technology that repairs crumbling digital infrastructure, Narrativ is improving the internet for users, publishers and advertisers alike. The scale of this undertaking should not be understated, and its work is vital to the health of a digital ecosystem. Today’s award is testament to Narrativ’s achievements and further demonstrates how technologies can improve the state of the world.”

The Technology Pioneers were selected by a selection committee of more than 60 academics, entrepreneurs, venture capitalists and corporate executives. The committee based its decisions on criteria including innovation, potential impact and leadership. There is also a wide variety in the technologies the pioneers focus on: the focus technologies include artificial intelligence, big data and internet of things (IoT), biotechnology, blockchain, autonomous vehicles, cyber security, vertical farming and other agricultural advances, decentralised microgrids and robotics.

Portfolio Update - 14.06.2018

Darktrace have become Cambridge's youngest surviving Unicorn after achieving a $1.25bn valuation only five years after launch, and were recently named as one of the top global startups on CNBC'S Disruptor 50 list alongside Uber and Airbnb.

 

Luminance were interviewed by the BBC as a legal AI market leader after securing over 80 customers, including ten of The Global 100 law firms, and continue to perform well after winning "Startup Tech Company of the Year" at the National Technology Awards.

 

Onfido's COO was ranked 4th in Business Insider's "UK FinTech 35 under 35" after overseeing Onfido's growth from inception to an ID Verification market leader with over 1,500 clients and $60m raised from world-class investors including Salesforce and Microsoft Ventures.

 

Homelyfe have joined Startups 100, a list highlighting the top 100 UK startups launched in the last three years, for their impressive platform which allows customers to find and buy home insurance in 85 seconds.

 

Portfolio Update - 08.05.2018

Luminance have announced their regulatory compliance solution following a trial with a major retail bank where they achieved 85% time-savings for its GDPR review, and have now secured over 75 clients including ten of The Global 100 law firms.

 

Price f(x) have partnered with Bain & Company, one of the world's top management consultancy firms, where their pricing optimisation software will be used to support Bain's extensive client base.

 

Pass the Keys have been chosen as one of the first three UK partners for AirBnB's professional co-hosting programmme following their impressive short-term rental track record with over 5,000 guest stays completed since their launch in 2015.

 

Senrio have been raising awareness of IoT chained attacks, where attackers hack vulnerable IoT devices to gain access to enterprise networks, and publicly demonstrated an attack at RSA, one of the world's largest cybersecurity conferences.

 

Portfolio Update - 13.04.2018

eporta have raised a $8m Series A round, supported by Talis, to double their team and expand overseas after securing an impressive 10,000 buyer customer base including Hilton Hotel Group, Accenture and Ted Baker.

 

Pirate Studios have announced the 30 finalists for their Pirate Prodigy Programme, narrowed down from over 2,000 applications, which has proven to be immensely popular with over 70,000 votes cast for UK emerging music talent.

 

Onfido hosted a roundtable discussion with ID verification industry leaders regarding the difficult task of meeting data privacy requirements without compromising end user experience, and expected trends following the upcoming implementation of GDPR.

 

Portfolio Update - 28.03.2018

Darktrace have detected mass clandestine cryptomining operations, with up to 55% of all global organisations estimated to be affected, after uncovering a hidden cryptomining side business operating under the floorboards of a European bank's data center.

 

Onfido represented London in an interview with the World Economic Forum where they defended London as the fintech capital of the world due to its strong spirit of collaboration between regulators and start-ups, rich tech talent pool, and extensive network opportunities.

 

CensorNet have launched their new USS solution, combining patented smart user authentication with sophisticated threat protection, after being named in Gartner's first ever Magic Quadrant for Cloud Application Service Brokers.

 

Portfolio Update - 15.03.2018

iwoca have promised to provide £100m business loans to SMEs in North England by 2020 as part of their ongoing efforts to support the Northern Powerhouse, and continue to achieve impressive traction with over 45,000 transactions completed since 2012.

Second Home have announced their upcoming Clerkenwell site, due to open in Autumn, which will cater primarily to their extensive corporate client base including Ernst & Young, Volkswagen and Santander.

 

Pass the Keys, the UK’s leading AirBnB rental management provider, discuss how property owners can take advantage of the rapidly growing short-term property rental market to maximise their rental returns.

 

Portfolio Update - 21.02.2018

Pirate Studios hosted Kerrang!’s Band Practice series at their London Studios in Earlsfield to promote one of the UK’s leading independent artists – Dead! The collaboration has already hit over 26,000 views on Pirate’s Facebook page, and has been shared to Kerrang!’s 920,000 weekly listeners.

They have also just launched their Pirate Prodigy Programme to support their 20,000 musician community by giving three bands the opportunity to partner with leading music publishers and radio executives including the BBC, Radio X and Sound City. Winning bands will also benefit from unlimited free use of Pirate’s rehearsal facilities, extensive promotion across social media, and one-to-one mentoring from industry professionals. 

Darktrace have been recognised in Fast Company’s “2018 World’s Most Innovative Companies” list alongside leading technology enterprises including Apple, Amazon and Spotify. This joins their long list of over 75 awards as they continue to expand across multiple sectors with clients including Drax, the UK's largest power supplier, and accounting giant Grant Thornton.

Luminance have expanded to Singapore after securing three of its Big Four law firms, and continue to gain traction after signing with Bird & Bird, a leading global law firm with over 1,200 lawyers. This marks an impressive achievement for Luminance who have now cemented their presence in APAC and completed over 200 global live transactions since their launch earlier in November 2016.

Homelyfe have launched their new Home & Contents insurance offering to simplify the home insurance process by only asking customers four simple questions compared to the current system where only 4% of buyers are able to accurately answer the typical dozens of required questions in one sitting.

Portfolio Update - 12.01.2018

Darktrace have partnered with AIG to identify client vulnerabilities for their cyberinsurance analysis, and have been named on CB Insights' 2018 "AI 100" list as one of the top 100 global AI firm. 

 

Luminance have leveraged their multi-lingual platform to secure a contract with Araoz & Rueda, a leading Spanish law firm operating in more than 30 countries, and are on track to repeat their strong 2017 performance as they expand throughout America.

 

Onfido had an impressive performance in 2017 including raising a $30m Series C round co-led by Microsoft Ventures, showcasing their ID verification solution to 10,000 attendees at Salesforce's annual conference, and achieving 550% US sales growth.

Portfolio Update - 08.12.2017

Second Home have had a successful launch at Holland Park and have secured an impressive pipeline including a London Fields site due to open in 2018 alongside a 90,000 sq ft Hollywood site planned for 2019. 

 

CensorNet have been recognised as a market-leading Cybersecurity firm after being highlighted as the sole European HQ firm in Gartner's 2017 Magic Quadrant for Cloud Application Security Brokers.
 

 

Darktrace have had an outstanding performance during 2017 and have now secured over 3,750 clients including two of the four largest telecommunications companies in America.

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Portfolio Update - 24.11.2017

Onfido have been selected as the first ID verification provider for Salesforce's Financial Services Cloud where they will enable financial institutions to easily verify and onboard new customers. 

 

 

Shirley Chen, Founder & CEO of Narrativ, has been named in "Forbes 30 Under 30" following her impressive background where she acted as Head of Marketing at Moda Operandi before founding Narrativ, an advertising technology start-up which now handles 4.3 trillion monthly requests.
 

 

Luminance have won British Legal Technology Awards' "New IT Product of the Year" for their market-leading platform which continues to attract new clients including Chapman Tripp, New Zealand's largest full-service commercial law firm.

Portfolio Update - 09.11.2017

iwoca have joined LinkedIn's Top 25 Start-ups List, alongside Uber, Deliveroo and AirBnB, and have now lent over £260m to date since their launch at the end of 2012. 

 

 

Luminance have partnered with TRUST, a leading Finnish law firm, and are now live across 15 countries with over 150 completed transactions since their launch in September 2016.
 

 

Pass the Keys, the UK's largest AirBnB property manager, have launched in York and Glasgow ahead of their planned international expansion in 2018.

Portfolio Update - 27.10.2017

Talis co-led the £2.4m seed round of Homelyfe, an insurance-tech start-up helping homeowners to manage all of their insurance requirements through a single app.

 

Second Home expect to launch their London Fields site, designed tor working parents with plans for a fully staffed crèche, in early 2018. They are also aiming to invest over €10m to launch their second Lisbon site after achieving near-full occupancy at their original site.
 

 

Onfido, a leading ID verification start-up, have raised over $60m since their launch in 2012 and are planning to help provide banking access for the two billion unbanked individuals currently excluded from the financial sector.  

Portfolio update - 13.10.2017

Talis participated in PremFina's $36m fundraising round to disrupt the insurance sector alongside world-renowned co-investors including Japanese e-commerce enterprise Rakuten, investment management giant Draper Espirit, and Thomvest, the Venture Capital arm of the Thomson Reuters family. 

 

 

Narrativ, a female-led start-up using AI to revolutionise content advertising, have been taking action to improve the under-representation of women in the technology sector.  
 

 

Pirate Studios, the UK's largest music rehearsal studio provider, have developed their own live-streaming service which is gaining traction with popular independent artists.

Portfolio Update - 29.09.2017

Onfido, a leading ID verification start-up, have raised a £22m Series C round co-led by Microsoft Ventures. After increasing their revenue fivefold during 2016, Onfido now cater to 1,500 clients and have been highlighted by CB Insights as a RegTech sector market leader.

Pass the Keys, the UK's largest AirBnB property manager, have held their second fundraising round led by Talis Capital and are now planning to expand internationally in 2018.

 

Reevoo have partnered with Atom Bank, a digital banking platform backed by the British Business Bank, to provide independent reviews on Atom's mortgage and fixed saver account products.