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EQT to acquire majority position to support the growth of CluePoints, a leading provider of AI-powered software solutions used for data interrogation and analytics in clinical trials

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11 months ago

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CluePoints is a cloud-based software platform for Risk-Based Quality Management (“RBQM”) and data quality oversight in clinical trials, designed to enable safer and more efficient processes and improving data integrity and risk complianceAs scientific breakthroughs and advancements in technology and data are accelerating healthcare innovation, the markets for RBQM and data interrogation & analytics software are expected to experience strong growthIn this highly thematic investment at the intersection of pharma, software and AI, EQT will apply its expertise investing in healthcare and throughout the tech value-chain to help CluePoints cement its leading global positionSummit Partners, an investor in CluePoints since 2020, and Clinimetrics SA, a co-founder of CluePoints, will retain minority stakes with participation in this funding round

STOCKHOLM, June 12, 2024 /PRNewswire/ — EQT is pleased to announce that the EQT Healthcare Growth Strategy and the EQT Growth Fund have agreed to acquire a majority stake in CluePoints (the “Company”), with meaningful reinvestment from the management team and existing shareholders Summit Partners and Clinimetrics SA, which was also a co-founder of the Company.

Founded in 2012 and headquartered in Belgium, CluePoints is a premier software provider for RBQM and data quality oversight in clinical trials. Applying advanced statistics and machine learning, and harnessing over 10 years of clinical trials knowledge, CluePoints’ proprietary algorithms help drive positive outcomes for pharmaceutical and biotech companies, contract research organizations and other customers. The Company offers an end-to-end value proposition from initial risk identification to ongoing tracking and monitoring of issues and discrepancies throughout the drug development process. With more than 9,500 platform users, CluePoints has helped de-risk more than 1,600 studies and has detected over 142,000 issues for its customers, which include many of the top 20 largest pharma companies. 

CluePoints received a growth investment from Summit Partners in 2020, and over the course of the last several years, the Company has generated significant growth, building a robust go-to-market function, launching new products and diversifying into new markets.

This new investment comes at a time when CluePoints is seeing accelerating growth, underpinned by increasing adoption of RBQM software across virtually all clinical trial phases. The industry is experiencing momentum due to growing research & development spend, increasing data complexity in clinical trials and a focus on patient safety and data quality driven partly by regulatory scrutiny. 

Investing in CluePoints is aligned with the objectives of EQT Healthcare Growth to support companies with their mission to deliver positive healthcare outcomes, and of EQT Growth to invest in the next generation of technology leaders. EQT will apply its 30-year track record of investing in healthcare, experience of investing in software and AI, its in-house digital team and global network of Industrial Advisors to help CluePoints cement its leading global position in RBQM and data analytics for clinical trials. 

Andy Cooper, CEO of CluePoints, said: “We are delighted that EQT has chosen to partner with CluePoints. EQT is a market-leading investor in both SaaS (Software as a Service) and medical research industries. This combination makes EQT an ideal partner for CluePoints which is a market leader for SaaS-based clinical data analytics. We are grateful for Summit’s active support over the last four years. Their depth of industry knowledge and operational resources have been instrumental in our growth trajectory. Both EQT and Summit share our passion for and commitment to leveraging innovative advanced statistics and machine learning solutions to eliminate manual, error-prone activities in the clinical trial process.”

Dr Mark Braganza, Partner in the EQT Healthcare Growth Advisory Team, commented: “We are excited to be partnering with CluePoints and its dynamic leadership team to help it scale and reach its full potential. The Company’s ambition is a perfect match with ours to help enable the development of medical research to deliver more effective, efficient and accessible healthcare.”

Kirk Lepke, Partner in the EQT Growth Advisory Team, said: “CluePoints is a prime example of how data, machine-learning and AI can be leveraged to improve real world outcomes – in this case pharmaceutical drug development. The entire EQT platform is behind this investment and ready to support the Company with its continued expansion in RBQM and into growing, adjacent markets.”

Thomas Tarnowski, a Managing Director at Summit Partners, said: “We’ve been proud to work alongside the entire CluePoints team during a period of meaningful growth and expansion, supporting the acceleration of product development efforts and entry into new markets.” Jono Pagden, a Principal at Summit, continued: “We are excited to continue our support of the Company and to partner with management and EQT during this next phase of growth.”

The transaction is subject to customary conditions and approvals. It is expected to close in Q3 2024.

Contacts
EQT Press Office, press@eqtpartners.com
Summit Partners Press Office, mdevine@summitpartners.com
CluePoints Press Office, Jodie@discovery-pr.com

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Healthcare Growth will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-to-acquire-majority-position-to-support-the-growth-of-cluepoints–a-leading-provider-of-ai-power,c3999540

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Global Investment Giant IFC (World Bank) Invests in VUZ $12M Pre-Series C, the World’s Leading Immersive Media Company

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59 minutes ago

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May 19, 2025

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IFC investment supports VUZ’s international expansion, following precedent in scaling telecom and media ventures across the world.

WASHINGTON, May 19, 2025 /PRNewswire/ — VUZ, the world’s leading immersive media company, has secured the International Finance Corporation (IFC), a member of the World Bank Group, to invest in its $12M Pre-Series C funding round. This strategic investment positions VUZ for accelerated global growth in immersive live streaming and content, AI-driven streaming technologies, and live spatial experiences, building on the next generation of media, the creator economy, sports, and entertainment.

The IFC and the World Bank Group collectively manage over $1 trillion in global assets and investment commitments, operating in more than 100 countries. In fiscal year 2024, IFC committed a record of over $56 billion to private companies and financial institutions to drive sustainable development through the private sector.

This round also includes participation from Al Jazira Capital, Crosswork VC Success fund (a pre-IPO venture capital fund), multiple existing investors, and several high-profile Saudi family offices, bolstering VUZ’s presence in key markets across the world.

IFC’s Strategic Role in Telecom and Media Expansion

The investment marks a pivotal collaboration between VUZ and IFC, which is known for its selective backing of global winners, including Souq.com (acquired by Amazon). With over 100 investments in telecom and communications companies across Africa, Asia, and Latin America, IFC brings unmatched expertise in market entry and infrastructure scaling across frontier economies.

Through this partnership, VUZ will scale further in Saudi Arabia and the UAE and accelerate expansion, particularly in Africa, the USA, and Asia, where demand for immersive experiences and next-generation media is rising rapidly. The move aligns with IFC’s mission to advance digital inclusion and economic growth through media innovation and connectivity.

A Profitable, Scalable Media Powerhouse

In 2024, VUZ achieved EBITDA profitability, with 80% year-over-year gross profit growth, a significant milestone for a tech streaming scale-up. The company’s platform — home to 30,000+ hours of premium immersive exclusive content — blends XR, VR, AR, and AI-powered media across sports, entertainment, and creator ecosystems. VUZ has a pipeline of partnerships with some of the largest football clubs, giga projects, and global athletes, as well as A-list artists, creators, and ambassadors.

“We are honored to welcome IFC as a strategic investor, said Khaled Zaatarah, Founder of VUZ. With IFC and the World Bank Group’s track record in scaling telecom and digital media companies globally, and over $1 trillion in assets under management, this partnership sets the stage for massive global scale. Together, we’ll bring immersive media to the world’s fastest-growing markets.”

Key highlights:

3 billion+ screen views to date; targeting over 5 billion by 2026Exclusive immersive content partnerships with LaLiga, Serie A, PFL, and moreThe largest exclusively owned immersive premium content library of over 30,000 hoursOver 40 global telecom integrations, with 20+ in progressStrategic launches across TV Devices, Apple Vision Pro, Oculus, and VUZGo, a new web-embedded immersive tech layer4 global patents powering proprietary streaming technologies

“This investment reflects IFC’s commitment to creative industries as a driver of jobs and income in emerging markets. VUZ’s tech edge and global reach align well with our mandate to support scalable platforms that empower creators”, said Farid Fezoua, IFC Global Director for Disruptive Technologies, Services, and Funds.

A Magnet for Global Creators and Partners

VUZ empowers a creator network with a combined global reach exceeding 100 million, offering monetization tools, immersive production capabilities, and a deeply engaging fan experience. Its technology now sits at the center of conversations with device manufacturers, sports federations, and media conglomerates seeking to deliver content that transcends physical limitations.

“This is the scale-up stage we’ve been building toward for years,” Zaatarah added. “With a solid foundation, patented tech, and profitability achieved, we are ready to scale globally and define the future of media.”

World-Class Investor Backing

In addition to the International Finance Corporation (IFC), a member of the World Bank Group, and other recent strategic investors, VUZ is backed by a distinguished and globally diverse group of institutional partners. These include e& capital, KBW Ventures, Al Jazira Capital, DFDF, SRMG Ventures, Caruso Ventures, Shorooq Partners, Plug and Play Ventures, Hala Ventures, Vision Fund, Knollwood Investment Advisory, Panthera Capital, Faith Capital, WIN, Elbert Capital, Yasta Partners, AlTouq Group, Impact46, Media Visions, 500 Startups, DAI, Al Falaj, and DTEC Ventures (Oraseya Capital), along with notable tech leaders including Magnus Olsson, Samih Toukan, and Jonathan Labin — reflecting strong international conviction in VUZ’s vision, performance, and global growth potential. 

Photo – https://mma.prnewswire.com/media/2690932/VUZ.jpg

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SHOW ME THE MONEY!

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59 minutes ago

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May 19, 2025

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LUCKY ENERGY partners with Italian-American Influencers Cugine, Scarlotta Brothers & New York Giants Quarterback Tommy DeVito on “FREE MONEY” Campaign 
–Gives Away $10,000 to NY Small Business–

AUSTIN, Texas, May 19, 2025 /PRNewswire/ — New York’s favorite Italian-American influencers, Cugine, the Scarlotta Brothers, and Tommy DeVito, have partnered with Lucky Energy drink to give away $10,000. In Lucky Energy’s “FREE MONEY” campaign, the New York celebrities host a ‘shark-tank’- inspired pitch competition. Small businesses in New York were invited to compete for the prize. See the campaign HERE.

To enter the competition, participants were required to submit a 200-word statement outlining their plans for the prize money. Hundreds of local businesses submitted entries, and 22 finalists were selected to deliver a live, 2-minute pitch to Cugine, the Scarlotta Brothers, and Tommy DeVito at a 7-Eleven in Midtown Manhattan on 4/9/25. After 2 rounds of pitches, the unanimous winner was Corey Cash, founder of Kings County Barbeque in Brooklyn, NY, who plans to use the funds for his food truck.

“As we continue to grow our brand and product portfolio in New York, we remain committed to spreading luck, entertainment, and energy to the world. FREE MONEY is a reflection of our dedication to motivating others. This campaign was designed to inspire entrepreneurs to keep pushing forward and not give up on their dreams. Through this process, we met incredible entrepreneurs and are excited to have played a role in raising awareness for their businesses,” said Hamid Saify, CMO of Lucky Energy.

Lucky Energy is available at 7-Eleven, Stop & Shop, and local corner stores throughout New York and can also be purchased directly from its website and Amazon.com. It comes in 7 classic flavors and is priced at $25.88 per 12-pack.

To stay updated on the latest news and product launches, visit www.luckybevco.com and follow the brand on Instagram and TikTok. For press inquiries, please contact Valeria Carrasco directly at valeria@hallettsconsulting.com.

ABOUT Lucky Energy Drink
Lucky Energy is committed to providing simpler, cleaner, better-for-you products. Founded by serial beverage entrepreneur Richard Laver, the brand’s mission is to motivate people to keep going. The product line features seven flavors, with a unique blend of five super ingredients, including maca and beta-alanine, and has 0 sugar and 0 calories. Products are available on luckybevco.com, Amazon, and over 10,000 locations nationwide. For more information, visit www.luckybevco.com and follow the brand on Instagram and TikTok.

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SOURCE Lucky Beverage Company

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Harbin Clinic, LLC (incident experienced by the reporting entity’s vendor, Nationwide Recovery Services, Inc.) Customers Whose Data May Have Been Compromised

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59 minutes ago

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May 19, 2025

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NEWTOWN, Pa., May 19, 2025 /PRNewswire/ — The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations at Harbin Clinic, LLC (“Harbin Clinic”). Harbin Clinic learned of suspicious activity in February 2025. To join this case, go HERE.

About Harbin Clinic, LLC

Harbin Clinic, LLC is a physician-directed medical group in Georgia offering a wide range of healthcare services

What happened?

Harbin Clinic was recently notified by Nationwide Recovery Services (NRS), a third-party debt recovery and financial services provider, about a cybersecurity breach that may have exposed personal data belonging to some of its patients. The breach stemmed from suspicious activity detected in July 2024, which caused a system disruption at NRS. An investigation revealed that between July 5 and July 11, unauthorized individuals accessed the network and copied certain files. In February 2025, NRS informed Harbin Clinic that patient data might have been affected by the breach. Up to 210,140 individuals have been affected by this breach.

What type of information was stolen?

The personal information in the compromised files may have included:

NamesAddressesSocial Security NumbersDates of BirthFinancial Account Information

How can I protect my personal data?

If you receive a data breach notification concerning Harbin Clinic you must guard against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised by the Harbin Clinic data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

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SOURCE Edelson Lechtzin LLP

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