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Remotebase raises $2.1M at a $65M valuation as it launches developer hiring platform Talently

Remotebase

Hiring developers has always been a point of contention for businesses and technical recruiters. There’s no definitive verdict on what is the smarter way of hiring the right developer talent while expending a smart budget on it. In addressing this challenge, recruitment marketplace Remotebase is announcing a $2.1Million funding round as it launches the developer hiring tool Talently. The pre-series A was co-led by Indus Valley Capital and Hustlefund Ventures with participation from Soma Capital, Angel Squad, Draper Associates, and Angel investors from Redis and Careem. With this round, Remotebase has raised $2.1Million at a $65 million from investors. Remotebase offers pre-vetted top developer teams of Silicon Valley calibre and ready to operate for any client within 24 hours. To do this, Remotebase onboards the best developers and engineers as part of its focused hiring processes. The new recruitment app from Remotebase, Talently, is its latest proposition to anyone seeking to onboard the best-in-class developer talent. Talently helps developers find top job opportunities while inviting tech recruiters and hiring managers to seek dedicated remote developer teams by exploring more than 60,000+ pre-vetted developer profiles on the go. The app presents the closest match to customer requirements and immediately locks interviews with those developers so that companies can save 100s of hours of their time finding, vetting and hiring the candidates. Qasim Salam, the CEO of Remotebase, said: “Building and scaling our platform from just 11 engineers to now over 60,000+ within 2.5 years has truly been rewarding. With Talently we want to democratize work and enable millions of individuals from emerging countries to have access to the best opportunities in the world.” Hiring developers is challenging for several reasons. According to IDC, a leading market intelligence firm, there is an extremely high global shortage of skilled engineers that will reach up to 4 million developers by 2025. Another issue that intensifies the difficulty of hiring tech talent is the extensive length of the hiring process and its costly budget. According to Workable, hiring a developer usually takes 42 days, which can increase more depending on the candidate's notice period. The worst thing is that if you fail to find the right person, you need to go through the daunting hiring process again. It is where Talently completely changes the game by vetting and onboarding extremely talented developers by industry experts beforehand to eliminate the exhaustive tech hiring culture. Talently has quickly created an extensive talent network of global developers with extraordinary coding skills in 100+ programming languages, including Python, React, JavaScript, Java, Node.js, Android, Swift, PHP, Angular, C#, Ruby, and many more. It is an agile app for hiring exceptional remote developers or finding fully remote developer jobs that fit your talent. Talently will work on a subscription model. Business recruiters can get full access to hundreds of premium developer profiles for a small monthly fee starting at $499. Remotebase was founded by Qasim Asad Salam and Talha Masood, who identified an opportunity to revolutionize the tech hiring process by offering a unique competitive service. Initially, they launched two startups together, a software house and an engineers’ performance tracking system. After Covid changed how people work massively, the founders took it upon themselves to ensure the placement of their engineering teams and started to look for business within their network with an offering of pre-vetted engineers ready to be placed in 24 hours. They started getting positive responses and identified a huge demand for tech talent with minimal hiring time. Fortunately, their previous startup experience had made them experts in finding, hiring, and training software engineers and keeping track of their performance. That’s when things changed for the better, as they decided to scale this up, and the idea of Remotebase was born. The demand for remote tech talent increased tremendously during the pandemic. Soon, Remotebase skyrocketed from having one client to working with several unicorn companies and billion-dollar clients, including Northwestern Mutual, Fireflies.ai, and Fabric. Inc, etc. Since then, Remotebase has grown and now ventured into a diverse portfolio of remote working tools, developer tools, and a tech talent app. Talha Masood, the CTO of Remotebase, said: “We have always believed that talent has no borders, and if opportunities were to be equally shared with everyone across the globe, creating a fast track channel to match opportunities with the best resources, the fusion of skills and ideas will result in a tremendous tech revolution that would elevate the tech industry standards beyond our expectations. Talently is good news for tech recruiters, hiring managers, and CTOs who are constantly on the lookout for hiring the most reliable tech talent and want to avoid the costly hassle of technical assessments.” Based on initial reviews, the app has been received well by the B2B segments, and it looks like it will be a matter of time before Talently becomes the go-to app for tech recruitment across various regions and markets. Tim Draper, an investor in Remotebase, said: "Talently has the potential to become a game-changer in the way tech talent is hired all over the world. It can help both companies and developers surpass geographical constraints and make hiring processes much more efficient. About Remotebase Remotebase is a recruitment marketplace that matches tech companies with the world’s top 1% developer teams, pre-vetted and ready to hire within 24 hours. Their Silicon Valley standardized vetting process provides the finest tech experts with 100+ skills that best fit your timezone and work model, eliminating the highly exhaustive and costly hiring process. By introducing innovative tools like the Talently app, Remotebase is taking the lead in making tech hiring more efficient, economical, and hassle-free. For more information please visit Remotebase or follow via LinkedIn, Instagram and Twitter. Contact Details Remotebase Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.remotebase.com/

October 27, 2022 07:00 AM Pacific Daylight Time

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Job search: how to quickly find a job with Jooble

Jooble

Jooble.org is a genuinely helpful and reliable job search engine. Since 2006, the site has been helping millions of people find their dream jobs. Now, it’s among the top 10 vertical job search engines in the Jobs And Employment segment according to SimilarWeb ranking. Jooble analyzes thousands of job search sources to provide the most relevant opportunities free of charge. Employers can also use Jooble for free; however, there is a chargeable premium plan with additional features. This review will examine this service and discover why it’s among the best job search platforms. Background Information Jooble was founded by two Ukrainian investors and IT professionals, Roman Prokofiev and Eugene Sobakarev, in 2006. Its headquarters is located in Kyiv, Ukraine. Jooble’s mission is to simplify job hunting. The platform gives access to numerous online job postings in minutes. Due to its utility, Jooble went viral and grew very quickly. In 2016, 10 years after being established, Jooble appeared among the top 50 job search services, and in 2019, it recorded 2 million visitors per day. Nowadays, the site has 3 million daily visitors and 1 billion annual visits, which is the main proof of its efficiency and effectiveness. Key Statistics and Facts Among the top 10 vertical job search engines 70 million visitors monthly Available in 69 countries Accessible in 24 languages Service Features Filtered search The platform is user-friendly and offers filters for fast and easy job searches. Instead of struggling with a broad search, filter it! You can filter according to location, salary, date of posting, work experience, and type of employment. Jooble uses a variety of sources Jooble gets information from varied sources, such as corporate websites, social nets, announcements, various job boards and media, and many more. Totally, Jooble collects vacancies from more than 140,000 sources. Free to use We understand how the process of searching job can be complicated and lengthy sometimes, and Jooble's mission is to help people find work easily and quickly. For this, the company is constantly working to ensure that the employment process is as comfortable and fast as possible. At Jooble, you can find all job offers available in one place and use our service for free, no matter at which point on Earth you are. For users' convenience, Jooble has created a mobile app for iOS and Android where all vacancies are available. Job seekers can search for vacancies in several specialities and regions simultaneously, view offers for remote employment, and respond to them directly in the app. Available in 69 countries around the world If you want to find a job in a specific location, Jooble is there to help. The site divides all the vacancies into regions, showing the nearest options. If you want to work remotely or abroad, you can check opportunities in 69 countries worldwide. Popular searches Users can easily check which job categories are currently being searched often. For instance, such jobs as medical workers, recruitment consultants, and, of course, IT specialists are booming. However, the job market might be volatile from time to time, but keeping up with the latest employment trends will be easy with Jooble. Filter by location Some people like nothing better than going to the office, socializing with colleagues, and commuting to work every day. Others have become real fans of working remotely. Whatever you decide, Jooble will help you find jobs within your preference. Just filter by location to either “Near me” or “Remote.” Alert feature When you activate or sign up for this feature, you’ll receive email updates on the jobs you’ve been searching for whenever there’s an opening. Terms of Service Jooble is free for job seekers to use. You can find actual information on different workplaces or employers. However, Jooble doesn’t guarantee their safety or reliability. Jooble also cannot be liable for misinformation on the employers’ websites or portals. Jooble imposes a law against any unauthorized use of intellectual property according to copyright law. Only adults can use the portal—and for legal purposes only. Users can only create one account. Sharing your account with others is prohibited. Users must accept the platform’s privacy policy before using it. Privacy Policy Jooble uses cookies to provide a better browsing experience. It also uses SSL encryption to enhance safety; however, the company will not be responsible for security breaches. Jooble also has the right to collect users’ data, which includes their name, last name, phone number, email address, and account credentials. However, Jooble is prohibited from selling any users’ data. Such information helps the platform provide a better service and information about new features or changes. Jooble can share this data with other websites or reveal it if the law requests. Help Center Jooble has a library of commonly asked questions where people can find the answers to general questions. However, should you still be dissatisfied, you can submit a ticket with your email, subject, and description of the issue. Quality of Service Jooble provides user-friendly tools, easy navigation, and high-quality customer support. Contact Details Jooble Jooble Team compliance@jooble.com Company Website https://jooble.org/

October 26, 2022 11:48 AM Eastern Daylight Time

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Comcast Business Enhances Fiction Tribe’s Cybersecurity with SecurityEdge™ Solution

Comcast Oregon / SW Washington

Comcast Business today announced that it is supplying Portland-based creative agency, Fiction Tribe, with Comcast Business SecurityEdge ™, Business Internet and 4G LTE Connection Pro Services, enabling the business to better safeguard its data and keep its employees connected while using a hybrid work model. Fiction Tribe is an independent digital creative agency with 25 employees and 10 contractors. Unlike typical creative agencies, Fiction Tribe uses machine intelligence technology to analyze seemingly disconnected data points and identify real-time insights and recommendations to its clients. This technology, combined with Fiction Tribe’s digital and creative acumen, offers its clients unmatched deployment times, targeted messaging and actionable analytics. Because of this operational reliance on technology and data, Fiction Tribe counts on its internet and cybersecurity solutions from Comcast Business to help protect client data whenever needed, no matter where employees are working from. “With employees across the globe from Portland to Portugal, which is now standard, we need to spend time growing the business instead of worrying about online threats,” said James Rice, CEO of Fiction Tribe. “As a small business without an IT department, we rely on Comcast Business. With SecurityEdge, we can help protect employee, guests’ and contractors’ devices on the network.” A few years ago, cybersecurity solutions were less attainable for small businesses due to high costs and fixed solution designs. With SecurityEdge™, businesses have access to an advanced network solution. It works to help block threats like malware, ransomware, phishing and botnet attacks across all connected devices on a business’ network while simultaneously preventing guests and employees from accessing suspicious websites. Fiction Tribe’s finds this feature an especially important cybersecurity measure to have when working with contractors and remote workers. “I look forward to viewing the SecurityEdge Activity Summary Report. It tells me all about our network threats, including phishing, malware, and botnets,” Rice explained. “We are comforted that it helps protect our employees’ and customers’ devices.” Paired with Comcast Business’ Internet, SecurityEdge™ seamlessly runs in the background, helping to protect the network’s data, and will do so even if a small business does not have a dedicated IT department. "We want businesses to be empowered to grow. We know there is risk in that, and we want to help businesses have peace of mind," said Alan Goldsmith, vice president of Comcast Business’ Oregon/SW Washington. "As the distributed workforce continues to expand and push the boundaries of digital collaboration, network support solutions will increasingly help define a business' success. That's why Comcast Business is proud to play a role in supporting Fiction Tribe's security solutions and connectivity operations." About Comcast Business: Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what’s next. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. Contact Details Comcast Business Amy Keiter +1 503-407-9109 amy_keiter@comcast.com Company Website https://business.comcast.com/

October 26, 2022 07:01 AM Pacific Daylight Time

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Former Fidelity Senior Executive Joins the Rebalance Team, Expands 401(k) Business Offering, Better K, in Southeast, David Ranney Recently Featured on Charleston’s FOX 24

Rebalance

David Ranney, a resident of Charleston since 2010, has recently joined Rebalance, a leading retirement planning and wealth management firm, as Vice President of Sales for its premier small business 401(k) offering, Better K. Ranney will be expanding 401(k) offerings throughout Charleston, greater South Carolina and North Carolina, as Rebalance accelerates its efforts to help transform the small business retirement savings ecosystem throughout the Southeast. Better K is Rebalance’s proprietary, innovative 401(k) offering specializing in small businesses with assets ranging from $1 million to $10 million. The Better K platform stands apart from other 401(k) solutions by reducing fees by up to 50% or more, by offering “Ivy League” endowment-style investment management, and by providing top-notch day-to-day service. On Monday, October 17, Ranney was featured on Charleston’s FOX 24 “Money Monday” segment, where he was interviewed about the legal risks that small business owners and 401(k) plan sponsors should be aware of. To view this segment, please visit this link: www.rebalance360.com/news As Vice President of Sales at Rebalance, Ranney partners with small businesses throughout the Carolinas. He will educate small businesses about how to avoid high 401(k) fees, how to optimize asset allocation, how to increase plan participation, and how to utilize retirement planning. The net result is higher employee satisfaction and greater employee retention. On November 1, Ranney will be a featured speaker at the North Charleston Chamber of Commerce Lunch and Learn, discussing how to successfully implement 401(k) plans within small businesses, despite various issues and risks that can arise. “I am looking forward to partnering with small businesses on my home turf, to help business owners find the best solutions to help both them and their employees successfully plan for retirement,” Ranney said. “Rebalance offers small businesses access to large endowment-caliber investment expertise combined with unparalleled customer service for plan sponsors and their employees, and I’m excited to share this access with my Carolina neighbors.” Ranney graduated from the College of the Holy Cross with a Bachelor of Arts in Economics, and he earned his Master of Business Administration with concentrations in Finance and Marketing from the Carroll School of Management at Boston College. He currently resides in Charleston, South Carolina. For more information, please visit: https://www.rebalance360.com/team-member/david-ranney/ About Rebalance Rebalance is an award-winning investment firm that provides its clients with access to a fundamentally different and better set of investment options. For individual consumers, Rebalance360 combines world-class investing, financial planning, and personalized advice into a powerful and transformative approach to wealth management. Small business clients trust the firm’s Better K offering to help them reduce their 401(k) fees by up to 50%, improve employee participation, and “bring alive” employer-based retirement savings plans. The firm’s innovative solutions and team leadership have been profiled in such top-tier media outlets as The Wall Street Journal, CNBC, FOX Business, NPR, The New York Times, MSNBC, PBS and CBS among others. In 2015, the U.S Senate invited Managing Director Scott Puritz to testify regarding new fiduciary rules designed to make the investments of Americans safer, and he is the only financial advisor in the U.S. ever to testify on such an important issue. In 2018, Rebalance was honored by Schwab’s Pacesetter IMPACT Award™ for Innovation and Growth. The Rebalance Investment Committee is anchored by four of the most respected experts in the finance world: Professor Emeritus Burton Malkiel, the world-renowned Senior Economist at Princeton University and author of A Random Walk Down Wall Street; Dr. Charley Ellis, the former longtime chairman of the Yale University Endowment; Jay Vivian, the former Managing Director of IBM's $100+ billion in retirement investment funds for more than 300,000 employees worldwide; and Kristi Craig, CFA, the first-ever Chief Investment Officer of the National Geographic Society, where she oversees a $1.4 billion endowment. Rebalance is headquartered in Bethesda, Md. and Palo Alto, Calif., currently serves more than 600 clients and manages more than $1 billion of their financial assets. Contact Details Rebalance Katherine Cotter - Director of Strategic Communications +1 315-272-8075 kcotter@rebalance360.com Company Website https://www.rebalance360.com/

October 26, 2022 08:00 AM Eastern Daylight Time

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NMTC Coalition Urges White House and Congressional Leadership to Make the NMTC Permanent

New Markets Tax Credit Coalition

Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by 700 community development stakeholders to President Biden, House Speaker Nancy Pelosi, Senate Majority Leader Chuck Schumer, Senate Republican Leader Mitch McConnell and House Republican Leader Kevin McCarthy in support of enactment of a permananent extension to NMTC in end of the year tax legislation. Signatories on the letter include 344 community development organizations, including 10 native-affiliated organizations; 74 housing organizations, including 41 Habitat for Humanity affiliates; 109 nonprofits, shelters, schools, healthcare facilities, and community service providers; and 134 businesses and community development-focused investors. The Congressional Joint Committee on Taxation estimates the ten-year cost of a permanent extension of NMTC provisions at only $1.38 billion over ten years, while those funds will leverage an estimated $85 billion investment in economically distressed rural, urban, and tribal communities. These communities will benefit from improved services, increased private sector investment, and 700,000 new jobs at a federal cost of under $4,000 per job. “We strongly support making the NMTC permanent,” said Aisha Benson, President of the NMTC Coalition and President and CEO of Nonprofit Finance Fund. Recently, opinion pieces in support of making the NMTC permanent have appeared in publications in Little Rock and Cleveland. During this Congress, both the Senate and House introduced bills (S. 456 and H.R. 1321) with bipartisan support to make the NMTC extension permanent. Establishing permanence will provide certainty in delivering resources to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when underserved communities face significant challenges. Throughout its 20-year history, the NMTC has delivered more than $120 billion to rural and urban communities outside the economic mainstream, which has led to financing to more than 6,000 businesses and projects and over one million jobs. Establishing the NMTC as a permanent part of the tax code will provide certainty and further promote the in getting patient, flexible capital to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when the economic frailty of our underserved communities has never been more apparent. Established in 2000 in the Community Renewal Tax Relief Act (P.L.106-554), the New Markets Tax Credit is a bipartisan effort to stimulate investment and economic growth in low-income urban neighborhoods and rural communities. Since then, the New Markets Tax Credit has financed more than 6,500 projects and created over one million jobs in all 50 states, the District of Columbia and Puerto Rico. “Following devastating impacts from COVID-19, the New Markets Tax Credit is absolutely vital for many of America’s urban neighborhoods and rural communities and will provide billions of dollars for high-impact, community revitalization projects,” said Bob Rapoza, spokesperson for the NMTC Coalition. “Over the years, the credit has been instrumental in financing plant and equipment for small manufacturing businesses and patient, flexible capital to other small businesses, hospitals, healthcare centers, homeless shelters and other transformative projects that improve communities, create jobs and economic opportunity. A permanent extension of NMTC will provide more certainty to private sector investors, which will result in better pricing and more subsidy to hard-to-finance, essential projects.” For examples of how the NMTC is making an impact in each state, see the NMTC Coalition’s newly released report, NMTC at Work in Communities Across America, featuring updated state statistics sheets on NMTC efficacy and more than 80 Tax Credit success stories. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 in an effort to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today, due to the NMTC, nearly $120 billion is hard at work in underserved communities in all 50 states, the District of Columbia, and Puerto Rico. For more information, visit www.NMTCCoalition.org. Contact Details Bob Rapoza +1 202-498-9921 bob@rapoza.org Company Website https://nmtccoalition.org/

October 24, 2022 11:15 AM Eastern Daylight Time

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VideoXRM Gets Your B2B Video Found

VideoXRM

VideoXRM, a B2B content distribution and discovery platform, launched its beta site today with a commercial launch slated for January 2023. VideoXRM merges the superior communications power of rich media with granular searchability to bring global exposure to video and rich media assets. VideoXRM is the launch brand and new corporate name for this cloud-hosted platform developed over two and a half years as Issuer Pixel. VideoXRM is a scalable media discovery platform leveraging proprietary indexing structures, industry taxonomies and search engine technology that lets content providers upload and individually index their rich media assets to be easily found. Industry Problem – B2B video is hard to find with precise results, which limits its value and potential. It’s either siloed on millions of corporate websites or buried on consumer video portals. Irrelevant results from conventional text searches create frustration rather than solutions. 59% of executives prefer video to reading text. 81% of businesses use video as a marketing tool. 82% of consumer internet traffic will be video by 2022 Global corporate video investments exceed $20K per company, per year - but these assets are hard to locate. Solution – VideoXRM’s patent-pending technology uses highly sophisticated indexing and search technology to make unstructured video content easily discoverable with precision. This new ecosystem delivers huge value to searchers and content providers as businesses increasingly tap the power of video and rich media to differentiate their value and to reach new audiences. The platform is ideal for company-to-company and company-to-customer engagement, news media, researchers, supply chain and procurement managers, M&A sourcing, partnering and benchmarking. VideoXRM has the “Last Mover” advantage in the video and audio sharing industry, bringing structure, searchability, distribution and intelligence to rich media investments. About VideoXRM ( VideoXRM.com ) VideoXRM is a global, searchable video and audio sharing and networking platform connecting corporate rich media content with all potential stakeholders. The platform and smart search technology creates value and knowledge from mountains of unstructured digital media, delivering greater ROI from content investments. VideoXRM’s mission is harnessing the enhanced communicative power of rich media through a new distribution and discovery paradigm. VideoXRM was Co-founded by David N. Baker, who formed Revere Data LLC (Sectorbase) which was acquired by FactSet Data Systems, Inc. His Co-founders are Vadim A. Tarasov, Byron Kwok and David Guzy. Contact Details Catalyst IR David Collins +1 212-924-9800 VideoXRM@Catalyst-IR.com Company Website https://videoxrm.com

October 20, 2022 02:17 PM Eastern Daylight Time

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Skuad secures Series A funding to drive global expansion in helping companies hire, manage and pay talent globally

Skuad

Numerous large companies around the world have started to adopt globally distributed and hybrid team structures as part of business growth and expansion plans. However, they are struggling to remain compliant with local employment regulations, process cross-border payroll and find high-quality talent as they hire beyond borders. Skuad, a Singapore-based company that enables global hiring and payroll, announced today that it has raised US$ 15 Mn in Series A funding to help companies like these overcome challenges around building global teams. The funding round was led by a Southeast Asian venture capital fund alongside a U.S. strategic investor specializing in staffing and two leading global payments platforms. This round also saw participation from existing investors BEENEXT, Anthemis as well other prominent angel investors. This funding follows on from the US$4 Mn seed round in December 2020, taking the total capital raised to US$19 Mn. The brainchild of Sundeep Sahi, Skuad was founded in 2020 with the singular aim of simplifying the process of finding and managing the right talent while removing the limitations of boundaries. While the pandemic-induced lockdowns and the “work from home” situation enabled the rise of distributed working models and global teams, they also created a unique set of challenges for organizations that were used to a traditional “office” set-up. Skuad enables companies to build global, distributed teams by hiring the best talent beyond borders (without setting up a legal entity). Its array of services include onboarding, payroll, benefits, taxes and local compliance (at a fraction of the usual cost and time). “The way people work and companies hire has changed,” said Sundeep Sahi, Founder and CEO of Skuad. “ Our mission is to elevate lives by democratizing opportunities and talent globally. We started Skuad because we realized that talent was everywhere but opportunities were not. With the complexities of hiring in foreign markets and cross-border payments, companies were finding it hard to discover and hire the right talent and build global teams. On the other hand, talent did not have the right discovery platform for finding remote employment that invests and helps them grow in their career rather than working for transactional short term gigs. We want to change this status quo and actively work towards enabling 1 Mn workers to discover the best opportunities globally, work anywhere in the world & get paid anytime in their currency of choice”. To further its mission, Skuad is also finalizing its acquisition of Codejudge, a data-driven talent assessment platform that automates the tech interview process. On the Codejudge acquisition, Sundeep Sahi added: “Finding the right talent is only half the battle — being able to qualitatively assess, interview and hire this talent is fundamental to the success of talent acquisition and retention strategies. The acquisition of Codejudge will strengthen Skuad’s existing hiring and onboarding capabilities with an added layer of data-driven talent assessment functionalities. Skuad will leverage Codejudge’s robust code-simulation platform and code sandboxes to further enhance its product offerings and scale its acquisition capabilities.” Commenting on the funding, Dirk Van Quaquebeke, Managing Partner, Beenext, said, “Businesses are beginning to see the advantages of having teams not constrained by borders. This not only enables them to scale teams and enter new markets quickly, but also helps them find and hire the best talent without the need to relocate. As early investors in Skuad, we’ve seen the team bridge the gap between talent shortage and surplus markets. We are excited for this next phase of growth of the business — building global, distributed teams for thousands of customers.” In the last two years, Skuad has witnessed exceptional growth — with customers across 34 countries (>50% from North America and Europe), talent in 94 countries (>80% from emerging economies) and 3X growth in ARR since January 2022. Further, given Skuad’s affordable pricing plans — starting at US$199 per employee per month for payroll and US$499 per employee per month for talent discovered through the integrated platform — their clients range from emerging and early-stage startups to larger businesses. These companies have built their global teams on Skuad’s platform and are processing over US$120 Mn in payroll and payments worldwide in over 50 currencies. Skuad has also expanded its leadership team with experienced senior hires across all verticals (Product, Sales and Operations), resulting in brand visibility and big client wins in the US and EU in a short period of time. Remote and hybrid work trends have continued in the post-COVID world leading to a greater demand for digital knowledge workers, especially from the Asia-Pacific region. Evolving digital advancements across industries and sectors has led to the need for diverse and upgraded tech skills. This has resulted in the creation of new technology hubs in the Philippines, Malaysia, India and Indonesia. According to a McKinsey Global Institute article, Asia is expected to account for almost 40% of global consumption and generate more than 50% of world GDP by 2040. Skuad is built for this new world of work. Together with the funding capital and the Codejudge acquisition, the company plans to strengthen its tech features to scale across global hiring, payments and payroll. It will also continue to build growth functions to further penetrate prime markets and expand beyond current geographies. About Skuad Skuad is a fast-growing global employment and payroll platform, which enables large enterprises and emerging start-ups to employ and pay exceptional talent anywhere in the world, compliantly. Skuad is valued and trusted by leading global companies worldwide. Skuad’s digital employment infrastructure ensures companies can hire, onboard, and pay employees and contractors in 160+ countries, without setting up local entities, on a single unified dashboard. Our legal infrastructure manages all local compliances and provides a range of amazing country-specific benefits and insurance packages. Contact Details Skuad Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.skuad.io/

October 20, 2022 07:00 AM Eastern Daylight Time

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Ulmer & Berne Launches Formal Venture Law Practice Group to Provide Full-Service Counsel to Entrepreneurs, Startups, and VC Funds

Ulmer & Berne LLP

Ulmer & Berne LLP announced today a significant step forward in its ongoing support of entrepreneurs, startups, and venture capital funds with the formal launch of the firm’s Venture Law Practice Group. This move positions the firm to provide seamless full-service legal counsel to emerging companies, investors, and VC funds, following the rapid expansion of its team of dedicated venture attorneys. Led by Ulmer Partners Vance V. VanDrake III and Zachary D. Bahorik, Ulmer has uniquely merged corporate venture law and intellectual property law by hiring and training attorneys that are dedicated to the venture space. Building upon these core disciplines, the team also has deep experience in venture tax, corporate selection, fundraising, mergers and acquisitions, data privacy, software transactions, patents, trademarks, copyrights, and litigation. “I’ve been working in the venture space for more than a decade, but largely with a specific focus on the intellectual property needs of startup companies,” said Venture Law Co-Group Leader Vance VanDrake. “With the strategic addition of Zach Bahorik, Brett Renzenbrink, and a number of associates on the corporate and tax side of venture, we’ve been able to grow the team around our combined capabilities. We are proud to have built a robust, experienced team of attorneys who intrinsically understand the needs of early stage companies, investors, and funds, because we’ve been where our clients are.” Ulmer’s Venture Law Practice Group is comprised of attorneys who understand the unique complexities of the venture law space because many are, themselves, current and former angel investors, venture fund managers, and startup founders. Because of the group’s deep industry knowledge, it understands clients’ business needs, and helps them identify and prioritize where legal adds to enterprise value rather than simply increasing the monthly burn rate. Ulmer represents both portfolio companies and investors at all steps of the venture path. Attorneys in Ulmer’s Venture Law Practice Group have worked with more than 1,000 startup companies across a full spectrum of industries. They have helped create over $1 billion of value for entrepreneurs by solidifying their intellectual property portfolios, served as counsel for venture funds and investor groups that have raised and deployed more than $300 million in investment capital, and fundraised with companies that have brought in over $500 million in investment capital. About Ulmer Ulmer & Berne, established in 1908, focuses on exceeding client expectations and delivering superior, customized legal solutions for an exceptional value. From offices in Cleveland, Cincinnati, Chicago, Columbus, New York, Washington, D.C., and Boca Raton, Ulmer’s attorneys handle cutting-edge, complex matters on a national basis across all practice areas, while retaining the work ethic, rates, and user-friendly attitudes reflective of the firm’s Midwest origins. Ulmer emphasizes world-class service and sophisticated industry expertise with flexible billing arrangements. For more information, please visit ulmer.com Contact Details Ulmer & Berne LLP Bridget Kochersperger +1 513-698-5204 bkochersperger@ulmer.com Company Website https://www.ulmer.com/

October 19, 2022 02:14 PM Eastern Daylight Time

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Press Release: CLASP & Nithio, with support from the Global Energy Alliance for People and Planet, Launch Financing Facility for Productive Use Appliances

CLASP

Today at the Global Off-Grid Solar Forum and Expo, CLASP and Nithio launched a USD $6.5 million financing facility to catalyze uptake of productive use appliances across Africa. The facility will improve appliance affordability for consumers and companies and is supported in part by the Global Energy Alliance for People and Planet (GEAPP). Access to productive use appliances can deliver significant economic, health, education, and quality of life benefits for an estimated 60 million households worldwide and put under-electrified parts of the world on a low carbon pathway to electrification. Yet, affordability remains a major barrier to access and scale. Speaking during the facility’s launch in Kigali, Rwanda, Jeff Stottlemyer, Director at CLASP said, “This facility is designed to catalyze private investment in productive use appliance markets at scale, making those appliances more affordable and accessible.” CLASP and Nithio identified six appliance technologies based on their relative maturity and potential to drive development impact – walk-in cold rooms, refrigerators, electric cookers, fans, mills, and solar water pumps. Chianda Njogu, Senior Associate at the Global Energy Alliance for People and Planet (GEAPP) said, “By making productive use appliances affordable and accessible, the facility can transform lives by enhancing income generated by smallholder farmers and micro-enterprises, creating new green energy enabled jobs, and improving the sustainability of renewable energy infrastructure projects through increased demand for electricity.” The facility will initially operate in Democratic Republic of Congo, Ethiopia, Kenya, Nigeria, Sierra Leone, and Uganda based on growth potential and market maturity. Kate Steel, Chief Executive Officer at Nithio said, “Consumer financing is crucial to long-term, sustainable growth in the productive use market. GEAPP’s support will enable Nithio to leverage our unique, data-drive approach to make consumer financing accessible for more companies and, ultimately, make it easier for their customers to afford these life-changing technologies.” How it Works The facility will offer procurement subsidies, capacity building grants, consumer financing, and advisory support focused on credit systems development for productive use appliance distributors. It will lower appliance costs for end-users by discounting the price of bulk solar appliance procurements and providing financing for distributors to enable them to sell their products on credit. For more information, please visit our website. Grant requests and general enquiries should be sent to Financing@clasp.ngo. About CLASP CLASP focuses on appliance & equipment energy performance and quality, to mitigate and adapt to climate change and expand access to clean energy. Super-efficient and high quality appliances accelerate access to and use of renewable energy for the world’s poorest people. CLASP supports progress on the United Nations’ Sustainable Development Goal 7, affordable and sustainable energy for all. Renewable energy services like cooling, communications, and mechanization empower low-income communities and improve lives in a climate friendly way. CLASP works globally and has teams in Washington, DC; Nairobi, Kenya; New Delhi, India; Brussels, Belgium; and Jakarta, Indonesia. About NITHIO Nithio is an energy financing platform powered by its innovative credit risk analytics engine. Nithio leverages its deep sector expertise, geospatial data, and artificial intelligence (AI) to forecast repayment patterns by consumer segment, provide detailed insight on projected cash flows, and finance energy access technologies. About the Global Energy Alliance for People and Planet (GEAPP) The Global Energy Alliance for People and Planet (GEAPP) is an alliance of local entrepreneurs, governments in emerging and developed economies, and technology, policy, and financing partners. Our common mission is to support developing countries’ shift to a clean energy, pro-growth model that ensures universal energy access and unlocks a new era of inclusive economic growth, while enabling the global community to meet critical climate goals during the next decade. In doing so, as an Alliance we aim to enable 150 million new jobs, reduce 4 gigatons of future carbon emissions, and expand clean energy access to one billion people. With philanthropic partners, Bezos Earth Fund, IKEA Foundation, and The Rockefeller Foundation, GEAPP works to build the enabling environment, capacity, and market conditions for private sector solutions, catalyze new business models through innovation and entrepreneurship, and deploy high-risk capital to encourage private sector solutions, and assist just transition solutions. For more information, please visit www.energyalliance.org and follow us on Twitter at @EnergyAlliance. CLASP focuses on appliance & equipment energy performance and quality, to mitigate and adapt to climate change and expand access to clean energy. Super-efficient and high quality appliances accelerate access to and use of renewable energy for the world’s poorest people. CLASP supports progress on the United Nations’ Sustainable Development Goal 7, affordable and sustainable energy for all. Renewable energy services like cooling, communications, and mechanization empower low-income communities and improve lives in a climate friendly way. CLASP works globally and has teams in Washington, DC; Nairobi, Kenya; New Delhi, India; Brussels, Belgium; and Jakarta, Indonesia. Contact Details CLASP Dennis Migono +254 707 204548 dmigono@clasp.ngo Global Energy Alliance for People and Planet Eric Gay +1 917-912-6190 eric.gay@energyalliance.org Company Website http://www.clasp.ngo/

October 19, 2022 11:45 AM Eastern Daylight Time

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