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Cloverleaf AI Raises $2.8 Million in Seed Funding, Launches Transformative Solutions for Government Contracting

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New capital will expand already-robust platform used by companies like Airbnb, Holland & Knight, and Waste Management to uncover qualified government leads before anyone else

DENVER, Nov. 7, 2024 /PRNewswire/ — Cloverleaf AI, a leader in innovative solutions for government contractors, today announced it raised $2.8 million in a seed funding round led by Jackson Square Ventures, with participation from First Mile, TechStars, and Legal Tech Fund. The company also unveiled two new products: Vocal Fingerprinting, which monitors and reports government officials’ positions from each public meeting they take and the Opportunity Database, a fully searchable index that captures more than 100,000 monthly government opportunities before they even reach the RFP stage.

“At Cloverleaf AI, our mission is to seamlessly bridge the gap between people and data. With this new financing, we are well-positioned to continue delivering the tools that give our clients a massive competitive edge,” said Adam Zucker, co-founder and CEO, Cloverleaf AI. “We look forward to working alongside our new partners as we maintain the bootstrapping mentality that’s fueled creativity and efficiency in our operations since we were founded.”

Cloverleaf AI provides transparency into every government meeting so organizations and government contractors can better understand opportunities, policy, and their reputations. The platform alerts government contractors the moment a project is discussed—whether it’s a new stadium or road being built, EV infrastructure, school safety measures, or any other government project—right from the first meeting. This gives contractors the chance to be the first to know, start building relationships with decision-makers early, and vastly increase their opportunity for success.

“Cloverleaf AI consistently delivers qualified opportunities for their customers before anyone else. These new products will drive meaningful impact for organizations looking to optimize how they source revenue-driving opportunities,” said Pete Solvik, co-founder and managing director, Jackson Square Ventures. “With an ARR retention rate that exceeds 120 percent, it’s clear customers are not just finding value in the product, but its prominence within their organizations is growing year-over-year. That’s a great signal of an innovative product finding market fit.”

Vocal Fingerprinting, Cloverleaf AI’s vocal fingerprinting technology, provides government contractors and public sector professionals with the ability to monitor and report upon how officials’ positions evolve over time, offering deep insights to inform tailored outreach and building stronger relationships with legislators. The tool ensures users can reduce risks by avoiding partnerships with officials who have a history of obstructing progress on key issues, making it a game-changing innovation for government contractors, and public sector professionals alike. Other key features include:

Track Record Transparency: See how officials’ stances shift over time, offering clarity for better alignment.Data-Driven Influence: Tailor outreach based on officials’ collaboration history.Early Opportunity Detection: Identify officials whose track record indicates growing support for your initiatives.

Cloverleaf AI’s Opportunity Database delivers access to over 100,000 new government sales opportunities each month. Organizations and government contractors can find local, state, and federal opportunities in a singular, real-time database, offering the most comprehensive view available of opportunities for them to pursue.

“Cloverleaf AI is instrumental in gaining new contracts and saving existing contracts,” said Steve Berry, Director of Municipal Sales, Waste Connections. “To us, that means millions of dollars.”

Cloverleaf AI was recently selected for Google for Startups AI Academy for American Infrastructure, a highly competitive program designed to support high-potential startups using AI to improve public works and foundational systems across the United States.

To learn more about Cloverleaf AI, its solutions, and/or to request a demo, visit www.cloverleaf.ai/. 

About Cloverleaf AI
Businesses trust Cloverleaf AI to fill their pipelines with high-quality government leads, connecting them directly to the decision-makers they need to reach. Simply tell us what you offer, and we’ll link you with government buyers looking for solutions like yours. Our service delivers timely insights, giving you a head start on the competition. We’re confident in our process, guaranteeing at least two qualified government leads in your inbox every week. To learn more, visit www.cloverleaf.ai/. and follow us on LinkedIn and other social channels.

Media Contact : eric@cloverleaf.ai 

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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