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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

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SOURCE Chaos Labs, Inc.

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Orderful Raises $15M Growth Round Led by NewRoad Capital Partners to Transform B2B Integration with Modern EDI Solutions

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Orderful secures $15M to expand its modern EDI platform, enabling faster, smarter B2B integrations with AI and self-service solutions.

SAN FRANCISCO, Nov. 15, 2024 /PRNewswire-PRWeb/ — Orderful, a pioneering company revolutionizing business-to-business (B2B) integration with its industry-leading Electronic Data Interchange (EDI) platform, announced today that it has raised $15 million in a growth round led by NewRoad Capital Partners. The round also saw participation from new investors 9Yards, Flume Ventures, and NFI Ventures, alongside existing investors Andreessen Horowitz and GLP Partners.

“We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” Gregoire Lehmann, Principal at NewRoad Capital Partners

Orderful is changing the status quo in the B2B integration space by offering a fast, modern EDI software-as-a-service platform that drastically simplifies the way businesses connect and exchange data. Orderful customers connect once to their API platform and can go live with new EDI connections in less than 2 weeks, which is 10x faster than competitors. This year, Orderful launched its Web EDI Fulfillment product, a solution for companies of all sizes to start trading EDI without speaking with a sales representative. Orderful is the first EDI company in the world to provide this product experience.

Orderful is also the first company to integrate artificial intelligence (AI) into its platform to manage and resolve EDI errors in real-time. The AI-based recommendation engine drastically reduces the time and effort required to go-live and manage trading partners. Hundreds of leading companies, including NFI, Koch Industries, Pepsi Logistics, G-III Apparel Group, Liquid Death, and Continental Mills, are leveraging Orderful’s platform to gain a competitive edge in their respective markets. With its latest funding, Orderful is poised to accelerate growth and further enhance its product offerings.

New Partnership and Strategic Insights

As part of the investment, Gregoire Lehmann, Principal at NewRoad Capital Partners, will join Orderful’s board of directors. Josh Jewett, Operating Partner at NewRoad and former Chief Information Officer (CIO) at Family Dollar and Dollar Tree, will join as a board observer. Their deep expertise in supply chain and retail technology will provide invaluable insights as Orderful continues to scale. “Orderful is fundamentally changing the way companies trade EDI. Their approach to simplifying EDI is a game changer. We like to invest in companies with strong domain expertise that are solving big legacy problems and delivering on what they promise to the market. Orderful exceeds expectations in all of these areas.” said Gregoire Lehmann, Principal at NewRoad Capital Partners.

“Having spent years in the retail industry, I understand the pain points of traditional EDI systems. Orderful’s innovative approach is precisely what the industry needs to move forward. The labor expense, delays, transaction fees, cumbersome interfaces, and poor error handling are all gone with their model. I’m excited to contribute to their journey,” added Josh Jewett, Operating Partner at NewRoad Capital Partners.

“NFI has always been at the forefront of innovation in logistics, and Orderful has been a critical partner in helping us streamline our EDI processes. Their platform has enabled us to be more agile and responsive, giving us a significant competitive advantage,” said Dave Broering, President of Integrated Logistics at NFI.

Looking Ahead

“We are thrilled to partner with NewRoad Capital Partners, whose industry expertise and extensive network will be invaluable as we continue to scale Orderful,” said Erik Kiser, CEO of Orderful. “The enthusiasm and support from our investors, both new and existing, are a testament to the impact Orderful is making in the B2B integration space. We are excited to continue growing at this pace and look forward to the opportunities ahead.” David Ulevitch, General Partner at Andreessen Horowitz, reflected on Orderful’s journey, “From the beginning, we saw the potential in Orderful’s vision to modernize EDI. Their progress has been incredible, and we’re excited to see how they will continue to innovate and lead in this space.”

Orderful is growing faster than any EDI company in its category, and this capital will enable the company to continue this momentum as it targets more enterprise customers in the retail and supply chain space.

With this new funding, Orderful plans to accelerate product development, expand its global reach, and continue to deliver cutting-edge solutions that empower businesses to thrive in an increasingly interconnected world.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

Media Contact

Gem Nwanne, Orderful, 1 855-965-1887, gem@orderful.com, https://www.orderful.com/

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/orderful-raises-15m-growth-round-led-by-newroad-capital-partners-to-transform-b2b-integration-with-modern-edi-solutions-302306730.html

SOURCE Orderful

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30 Years After the Passing of Daddy Bruce Randolph, His Legacy of Feeding Families on Thanksgiving Is in Jeopardy Due to Lack of Funding. Epworth Foundation Issues an Urgent Call for Donations

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DENVER, Nov. 15, 2024 /PRNewswire/ — With just one week left before the annual Denver Feed-A-Family event in honor of Daddy Bruce Randolph, the Epworth Foundation faces a critical shortfall in funding. To meet its ambitious goal of providing 7,500 Thanksgiving meal baskets, the organization needs to raise $400,000 but is far short of its goal. This significant gap puts thousands of families at risk of going without a meal this holiday season.

This year’s theme, “One Community, One Family,” embodies the foundation’s mission to bring nourishment and unity to those most in need. However, with funding levels far below what’s necessary, the Epworth Foundation urgently appeals to the community for help.

“We are at a crossroads,” said Xiomara Yanique, Program Director at the Epworth Foundation. “Without immediate support, we risk leaving many families without a Thanksgiving meal this year. Every dollar counts, and time is running out.”

The average cost of a meal basket is $55, which includes everything needed for a family meal serving 4-5 people. With current funding, the organization will be able to serve fewer than 1,000 families. The Epworth Foundation calls on local businesses, philanthropists, and community members to step in and help bridge this critical gap. Donations of any size are urgently needed and can be made directly on the foundation’s website.

A Call for Unity from Denver’s Mayor

Denver’s Mayor, Mike Johnston, expressed his concern and support for the initiative: “The Denver Feed-A-Family event has been a vital source of hope and comfort for our city’s most vulnerable families. I urge everyone to contribute. Together, we can ensure no family goes without a meal this Thanksgiving.”

How You Can Help

Donate Today: Visit www.epworthfoundation.org to make a contribution. You can sponsor one or more meal baskets or give any amount to help cover the cost of these essential meal kits.

Participate in Giving Tuesday: Join our community effort to honor Daddy Bruce Randolph’s legacy by supporting the cost of meal baskets for families in need.

Volunteer: There are still opportunities to lend a hand on distribution day, November 23rd.

For more information or to donate, please visit www.epworthfoundation.org.

Contact for Media:
Jackie Perry
Email: socialmedia@epworthfoundation.org
Phone: 904.866.3828

View original content:https://www.prnewswire.com/news-releases/30-years-after-the-passing-of-daddy-bruce-randolph-his-legacy-of-feeding-families-on-thanksgiving-is-in-jeopardy-due-to-lack-of-funding–epworth-foundation-issues-an-urgent-call-for-donations-302307350.html

SOURCE The Epworth Foundation

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The Merriest Grinchmas Ever Awaits with Grinch Décor from Gemmy

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Grinch-Inspired Decorations from Airblown® Inflatables to Life-Size Animatronics

DALLAS, Nov. 15, 2024 /PRNewswire/ — Fans of How the Grinch Stole Christmas! will be delighted with a feast of Grinch decorations to choose from this season. Gemmy’s expansive collection, from amazing Airblown® Inflatables and yard décor to life-size animated characters, is sure to grow hearts three sizes.

Grinch fans will be delighted with Gemmy’s expansive collection of decorations to choose from.

Airblown® Inflatables

Set the scene for a Merry Grinchmas with the Grinch inflatable lineup. Big or small, hanging or arched, Gemmy has you covered:

Craft a custom scene with adorable 4-ft tall characters: Grinch in Ugly Red Sweater and Cindy-Lou Who with gift.Warm hearts and add fun to your display with 6-ft and 6.5-ft options: Max and Grinch with red heart scene and Hanging Grinch with wreath.Welcome guests with whimsical 9-ft and 10-ft styles, perfect for parties and photo ops: sneaky Tiptoeing Grinch with gift sack, Merry Grinchmas Archway, and Grinch and Max with Naughty or Nice Sign.

Musical and Animated Merriment

For a multisensory experience, Grinch enthusiasts will love animated decor that plays “You’re A Mean One, Mr. Grinch”:

Life-Size Animated: Equipped with sound and motion features, these realistic characters are available in two styles—the charming 4-ft Animated Little Grinch and the 6-ft Animated Grinch in a Santa suit.EmoteGlow™: Featuring animated faces that light up and sing, this amazing technology is available in the adorable 6.3-in Kawaii Grinch (in-store only) and the Grinch Musical Light String with eight bulbs.

Indoor/Outdoor Lighting and Decor

Lighting and decor options are fantastic on their own or layered into the mix:

The 4-ft tall 3D Grinch Tinsel Sculpture features the Grinch holding colorful stockings and shines with 35 LED lights.Light up interior or exterior surfaces and walkways with the colorful Whirl-A-Motion™ Grinch Projection and festive Grinch Pathway Stakes.Perfect for indoor locations, battery-operated blow molds are available in two styles: 14-in Grinch and 12-in Max (in-store only).

Find this Grinch collection in-store and online at The Home Depot.

About Gemmy Industries
Gemmy Industries is a leader in the seasonal décor market, bringing festive fun and holiday cheer to homes everywhere. Dedicated to innovation and creative design, Gemmy has elevated industry standards and established recognizable brands like Airblown® Inflatable and LightShow® Lighting. For more information on products and retailers, visit www.gemmy.com. Connect with us on Instagram and Facebook.

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SOURCE Gemmy Industries

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