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Table22 Closes $11M Series A to Power Food and Beverage Merchants’ E-Commerce Growth

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Funding round led by Lightspeed Venture Partners will enable Table22 to expand its commerce platform and drive continued merchant partner growth

NEW YORK, Oct. 29, 2024 /PRNewswire/ — Today, Table22, a leading provider of revenue-expanding e-commerce tools for merchants in America’s more than $1 trillion food and beverage industry, announced an $11 million Series A funding round to expand its platform and customer network. The round was led by Lightspeed Venture Partners, with participation from institutional investors Footwork, Forerunner Ventures, and Alt Capital, among others, as well as individual participants including founders of and leaders from category-leading companies like Square, BentoBox, and SevenRooms.

This funding comes on the heels of Table22’s 3x year-over-year growth; its ongoing 99% monthly retention of core merchant customers; and its expanding suite of commerce, fulfillment, and marketing tools used by independent restaurants, grocers, butchers, beverage retailers, coffee shops, bakeries, breweries, and cheesemongers across 38 U.S. states.

“At Table22, we believe that food & beverage businesses have the opportunity to serve their customers in a wide variety of compelling — and profitable — new ways,” said Sam Bernstein, Table22 Founder & CEO. “Our platform represents an entirely new selling paradigm for this essential, beloved industry — one that helps owners to ‘expand the pie’ with untapped revenue and offering categories; to transform the productive capacity of cost centers like prep shifts and off hours; and to drive more loyalty and brand affinity with their customers. We are thrilled to partner with Lightspeed on this round, and look forward to continuing to invest behind the success of our growing base of merchant partners around the U.S.”

Merchants who use Table22 today routinely generate six figures or more of new, high-margin revenue for their businesses through innovative consumer offerings like subscriptions, retail packages, and branded CPG products that are enabled by the company’s platform.

“Table22 is a rare win-win-win for the restaurant, the guest, and the platform,” said Aaron Silverman, Founder of Washington, D.C’s award-winning Rose’s Restaurant Group and Extra Fancy Catering & Events. “Since we began working with Table22 in 2021, the platform has enabled us to drive seven figures of new sales across subscriptions and retail e-commerce, while helping us nurture our guest relationships and extend our brand beyond our four walls.”

“Americans are spending more on out-of-home food than before the pandemic, but paradoxically it’s never been harder for restaurants to earn a profit. Table22 is growing the pie for all constituents in the food and beverage ecosystem by enabling merchants to tap into new sources of profitable growth,” said Alex Taussig, partner at Lightspeed Venture Partners. “When we spoke to owners of food and beverage establishments, several told us that partnering with Table22 was like adding an extra week of revenue each month to the operating calendar. That kind of immediate and impactful customer experience, paired with Table22’s best-in-class retention and customer economics, led us to partner with Sam and the Table22 team.”

Table22 was founded in 2020 to provide a new path forward for revenue and margin expansion for America’s ~500k independent food and beverage merchants. The company’s mission is to empower every food and beverage business owner to thrive economically, delight customers, and fulfill their creative purpose.

About Table22
Table22 unlocks incremental, high-margin revenue for America’s restaurants and F&B retailers, allowing them to expand profits and tap >$1 trillion of unmet demand each year. The company provides innovative e-commerce, fulfillment, and marketing tools for a variety of merchants across the U.S. restaurant, grocery, and F&B retail sectors — with a mission to help independent F&B businesses thrive and grow. The company was founded in 2020 and is based in New York City, with backing from leading investors such as Lightspeed Venture Partners, Footwork, Forerunner Ventures, and more. www.table22.com

About Lightspeed
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Carta, Cato Networks, Epic Games, Faire, Forty Seven, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, Udaan, Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. www.lsvp.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/table22-closes-11m-series-a-to-power-food-and-beverage-merchants-e-commerce-growth-302290211.html

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Anthology’s Blackboard Ranked as a Top Learning Management System by Leading EdTech Analyst Firm

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BOCA RATON, Fla., Oct. 30, 2024 /PRNewswire/ — Anthology, the leading educational technology company, today announced Blackboard secured a top placement in the inaugural Tambellini StarChart™ 2024 for Learning Management Systems (LMS). Blackboard was rated as a Commander, a distinction reserved for market leaders with highly innovative and user-focused designs that push the boundaries of technology and usability to new heights.

Combined with its leadership in AI-driven features that optimize instructional efficiency and support student AI literacy, Blackboard stands among the top of the LMS platforms available.  

Blackboard has released more features than any other LMS over the past three years and was the first major LMS to offer generative AI features in the market. Its award-winning AI Design Assistant and the recently released AI Conversation tools are empowering learners and educators to drive AI literacy, enhance learning, and optimize instructional efficiencies.

“It’s clear to see the significant investment Anthology has placed into Blackboard,” said Matthew Winn, Ph.D., Senior Analyst at the Tambellini Group. “Today’s Blackboard is aggressive in its commitment to the user experience, with a foundation in customer collaboration and a co-design process that captures the voice of educators and learners. Combined with its leadership in AI-driven features that optimize instructional efficiency and support student AI literacy, Blackboard stands among the top of the LMS platforms available.”

Anthology’s Blackboard has won and been recognized for a multitude of awards and commendations in 2024, including being ranked as a Leader in the G2 Learning Management System Grid® Report, reflecting high Satisfaction and Market Presence scores. Blackboard was also recognized as a 2024 SIIA CODiE Awards “Learning Management System” Finalist.

“Higher education is navigating many challenges. That’s why we invest so heavily in innovation and thoughtful features in Blackboard—to help institutions improve efficiencies, engage students more deeply, and incorporate cutting-edge technology in a meaningful way,” said Bruce Dahlgren, CEO of Anthology. “We are focused on delivering solutions with our customers that make a real difference and create life-changing opportunities around the world.” 

Built upon the robust foundation of Amazon Web Services (AWS), Blackboard ensures a seamless, integrated educational experience.  The AI features currently released in Blackboard are included as standard in core licenses. All AI features are developed following Anthology’s trustworthy AI approach. Learn more about Blackboard at anthology.com or sign up for a free trial at anthology.com/try.

Tambellini Group is a leading independent technology research, analyst, and advisory firm dedicated exclusively to higher education.

About Anthology

Anthology delivers education and technology solutions so that students can reach their full potential and learning institutions thrive. Millions of students around the world are supported throughout their education journey via Anthology’s ecosystem of flagship SaaS solutions and supporting services, including the award-winning Blackboard® (LMS), Anthology® Student (SIS/ERP), and Anthology® Reach (CRM). Through the Power of Together, we are uniquely inspiring educators and institutions with innovation that is meaningful, simple and intelligent to help customers redefine what’s possible and create life-changing opportunities for people everywhere. www.anthology.com.

Media contacts:
Erin Mitchell, Director of Communications, Anthology. Erin.Mitchell@anthology.com 

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MoFo Survey: Tech M&A Revival Buoyed by Market Rally, Lower Financing Costs, and Private Equity Deal Making

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Enthusiasm for transformative technologies and drive to maintain competitive advantages in an evolving tech ecosystem fuel optimism for increased dealmaking in 2025

SAN FRANCISCO, Oct. 30, 2024 /PRNewswire-PRWeb/ — Morrison Foerster, a leading global law firm, today announced the results of its annual Tech M&A Survey conducted in conjunction with Mergermarket, which reveals that momentum for tech dealmaking is gathering steam amid market optimism and demand for transformative technologies across all sectors. This is reflected in aggregate reported deal value, which surged by 39% reaching $482 billion so far in 2024. The new Morrison Foerster and Mergermarket survey report, “Powering Up: Sentiment, Stocks, and Security Drive the Tech Deal Revival” shows that 54% of respondents are expecting deal volumes to increase over the next 12 months, up from 48% in last year’s survey.

Morrison Foerster’s Tech M&A Survey conducted in conjunction with Mergermarket reveals that momentum for tech dealmaking is gathering steam amid market optimism and demand for transformative technologies across all sectors.

“We’re seeing a renewed appetite for big-ticket tech M&A, driven by improved buyer sentiment and a rally in key tech stocks,” said Brandon Parris, partner and co-chair of Morrison Foerster’s global M&A practice. “The tech M&A market is reawakening, marked by a trend toward fewer but heftier transactions. This energy is a decisive shift from last year’s retreat, laying the foundations for a recovery in 2025.”

“Dealmakers are evaluating more considerations in this shifting market with deal structures that offer flexibility, shared risk, and performance guarantees,” added Jeremy White, partner and co-chair of Morrison Foerster’s global M&A practice. “However, tech M&A continues to be a priority as investor interest in larger, domestic acquisitions of high growth companies are seen as the key for unlocking the promise of transformative technologies like generative AI.”

Key Findings

More Tech M&A Deals Expected Ahead: The technology sector witnessed a resurgence in M&A activity during the first nine months of 2024. Volume remained steady at 6,500 deals, while aggregate deal value surged by 39%, reaching $482 billion. This aligns with sentiment among survey participants, with fifty-four percent of respondents expecting deal volumes to increase over the next 12 months, up from 48% in our previous survey.Private Equity Leads Revival: Private equity firms are especially bullish with 57% anticipating tech deals compared to 51% of corporates. Global private equity-backed deals worth $5 billion and above jumped in 2024 and totaled $123.64 billion as of July, already exceeding the $75.2 billion for full year 2023.Tech’s AI Transformation Just Beginning: Survey respondents indicated that companies in business services (59%), technology (55%), and retail (42%) are leading in AI integration and utilization by quickly adopting AI for central tasks. Pharmaceuticals, medical and biotech (51%), and energy, mining, and utilities (49%) were identified as the sectors with the most potential for new or improved AI.Alternative Deal Structures Maintain Appeal: Investors are looking to mitigate financial, regulatory, or market risks through minority investments, earnouts, and other alternatives like joint ventures and contingent consideration. Eighty percent of PE firms surveyed will be exploring minority investments in their tech M&A plans over the next 12 months. Seventy-eight percent of corporate buyers will use earnouts or contingent considerations in future tech M&A transactions.Rise of Shareholder Activism: The focus on technology’s tremendous disruptive potential and high valuations has led to an increase in shareholder activism globally. Fifty-one percent of respondents indicated that shareholder activism in connection with tech M&A is likely to increase over the next three years. Dealmakers now need to carefully assess and prepare for potential activist investors when initiating M&A activity. The introduction of the universal proxy card in the United States has led to the proliferation of first-time occasional activists.ESG Standards Here to Stay: Dealmakers continue to focus on ESG considerations during risk assessments for acquisition targets and rated it 8.1 out of 10 this year. The responses increased to 8.7 out of 10 in ESG importance for future due diligence. New ESG disclosure requirements from various jurisdictions should provide standardized reporting for future M&A due diligence.

To download the full survey results with additional insights, visit: https://www.mofo.com/tech-ma-forecast.

Methodology

In Q2 2024, Mergermarket surveyed 300 dealmakers from around the world to gain insights into the future of technology related M&A. Respondents were equally distributed among corporates with a minimum of $250 million in annual revenue and private equity (PE) firms with a minimum of $500 million in assets under management. In respect of geography, 30% of respondents were based in North America, 30% in Europe, 30% in Asia-Pacific, and 10% in Latin America. All responses are anonymous, and the results are presented in aggregate.

About Morrison Foerster

Morrison Foerster is a leading global law firm that transforms complexity into advantage for its clients. Our clients include some of the largest financial institutions, banks, consulting and accounting firms, and Fortune 100, technology, and life sciences companies. Highlighting the firm’s commitment to client service, leadership in market-changing deals and impact litigation, and values-based culture, Morrison Foerster has been named to The American Lawyer’s A-List for 20 of the ranking’s 21 years. Year after year, the firm receives significant recognition from Chambers and The Legal 500 across their various guides, including Global, USA, Asia Pacific, Europe, UK, Latin America, and FinTech Legal. Our lawyers passionately care about delivering legal excellence while living our values. Morrison Foerster has a long-standing commitment to creating a culture that respects and celebrates differences, while providing an inclusive environment. The firm has achieved Mansfield Certification Plus since 2018 as a result of having at least 30% women, minority, LGBTQ+, and lawyers with disabilities representation across notable leadership roles and within partnership. In addition, the firm was selected as the “Outstanding Firm for Diversity & Inclusion” as part of the Chambers Diversity & Inclusion Awards: USA 2023. Morrison Foerster also has a long history of commitment to the community and society through providing pro bono legal services, including litigating for civil rights and civil liberties, improving public education and fostering the wellbeing of children, advocating for veterans, promoting international human rights, enforcing the right to asylum, and safeguarding the environment. For more information, visit http://www.mofo.com.

Media Contact

Ming Lacey, Morrison Foerster, 917-340-7251, mlacey@mofo.com, https://www.mofo.com

View original content:https://www.prweb.com/releases/mofo-survey-tech-ma-revival-buoyed-by-market-rally-lower-financing-costs-and-private-equity-deal-making-302291268.html

SOURCE Morrison Foerster

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PropertyChecker.com Set to Exhibit at NAR NXT – The REALTOR® Experience 2024 in Boston, Massachusetts

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Boston, Massachusetts, October 30, 2024, PropertyChecker will be exhibiting at the largest real estate expo in the nation and will be introducing their exclusive PropertyChecker Pro membership to realtors, either individuals or agencies.

BOSTON, Oct. 30, 2024 /PRNewswire-PRWeb/ — Boston, Massachusetts, October 30, 2024, PropertyChecker will be exhibiting at the largest real estate expo in the nation and will be introducing an exclusive PropertyChecker Pro membership to realtors, either individuals or agencies. Up to 10 users can use the same membership, and they benefit from customized PDF reports. All attendees are invited to stop by their booth and see firsthand why their platform is changing the way real estate transactions are made.

NAR NXT is the largest annual event for top-tier real estate professionals. It features education and networking sessions that encompass every aspect of the real estate industry with renowned speakers from around the globe.

In today’s ever-evolving real estate landscape, making informed decisions can feel like navigating a maze without a map. Whether a seasoned investor, a first-time homebuyer, or an agent striving to close the perfect deal, understanding property data is one’s compass in this complex market.

From tracking trends and pricing dynamics to uncovering hidden gems and potential pitfalls, leveraging accurate property information empowers everyone to make smarter choices that lead to successful transactions. Harnessing the power of property data is not just beneficial—it’s essential for thriving in the competitive world of real estate.

Harness The Power of Property Data:

Property Owner(s): Looking to find out information on who owns a property? Obtain details such as the property owner’s name, phone number, and mailing address.Purchase History: Uncover the property’s sales history, including past sale prices, sale dates, transfer type, and additional details.Loan Records: Conducting loan records searches reveals crucial property details, such as loan amounts, terms, rates, status, lender information, and associated names.Deeds: Searching property deed records can provide a lot of information about the property ownership. Users can find information such as type of deed, seller and buyer info, liens, and terms of sale.Property Details: Property details are essential for anyone buying, selling, or investing in real estate. Reviewing property records provides valuable insights, including square footage, bedroom and bathroom count, lot size and location, renovation history, and more.Neighborhood Info: When purchasing a home, understanding the neighborhood is crucial. Neighborhood records offer details on proximity to parks, schools, and others. PropertyChecker reports also provide critical stats like crime, school ratings, demographics, Household income, etc.Tax Records: Examining property tax records is vital for uncovering tax assessment values, owed taxes, exemptions, land, and property enhancements, and more.Market Values: Knowing property values empowers users with essential information for buying, selling, or investing. Gain insights into size, location, condition, and improvements, as well as historical changes.Building Permits: Gain essential details like permit status, type, applicant name, fees paid, effective date, and permit number.Foreclosures: Explore comprehensive foreclosure records featuring key details such as publication date, record last update, record type, borrower name, lender name, trustee name, foreclosure document instrument number, original loan amount, and auction city.Lien Records: Discover vital information within lien records, including publication date, record last update, record type, debtor name, creditor name, lien amount, lien instrument number, and lien status.Residents: Obtain detailed resident profiles, including full names, contact information, and tenure duration at specific properties.

Property data plays a pivotal role during negotiations. It equips buyers and sellers with essential information that can influence the terms of an agreement. Knowledge of local market trends, comparable property values, and historical sales data can empower negotiators to advocate for their best interests.

During due diligence, having access to comprehensive property data is crucial. Buyers need details on zoning regulations, tax assessments, and potential liens or encumbrances. This knowledge helps identify any red flags before finalizing a deal.

Sellers benefit as well; by understanding current market conditions through accurate data, they can confidently set competitive prices. Armed with this information, both parties can engage in more transparent discussions.

Ultimately, leveraging quality property data fosters trust between buyers and sellers while streamlining the entire transaction process.

For complete information, visit: https://propertychecker.com/

Media Contact

Chafiq Elbissouri, PropertyChecker, 1 (800) 396-4909, press@propertychecker.com, https://propertychecker.com/

View original content to download multimedia:https://www.prweb.com/releases/propertycheckercom-set-to-exhibit-at-nar-nxt—the-realtor-experience-2024-in-boston-massachusetts-302291590.html

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