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Sygnum Completes USD 58m Strategic Growth Round, AchievesUnicorn Status with 1bn valuation

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ZURICH and SINGAPORE, Jan. 14, 2025 /PRNewswire/ — Global digital asset banking group Sygnum announces it has raised a total of USD 58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1 billion.

Final close cornerstone investor Fulgur Ventures, a Bitcoin-focused venture capital firm, is joined by new and existing strategic and financial investors, as well as Sygnum team membersBanking group has USD >5 billion[i] in total client assets, with completed Strategic Growth Round bolstering its robust balance sheet and CET1 capital to support future growthProceeds to drive multi-region market entry, expand product portfolio with focus on Bitcoin-technology, enable strategic acquisitions and further strengthen organisational resilience

Fulgur Ventures, cornerstone investor[ii] in the final close of Sygnum’s Strategic Growth Round, is a venture capital firm focusing on Bitcoin technologies, infrastructure and applications that drive Bitcoin adoption. Fulgur is joined by new and existing strategic and financial investors, as well as Sygnum team members again participating on equal terms. The Co-Founders, board and team members continue to hold Sygnum majority ownership.

Proceeds from the completed Strategic Growth Round will be put to work to drive Sygnum’s 2025 expanded EU/EEA market entry and to launch its regulated presence in Hong Kong. Sygnum also intends to use the funds to broaden its institutional infrastructure, expand its product portfolio with a focus on Bitcoin-technology, and enable opportunities for strategic acquisitions as the market develops. As the industry’s trend towards regulatory compliance gathers pace, additional investments will be made to further strengthen Sygnum’s organisational and operational resilience, compliance teams and state-of-the-art risk management.

A key driver of the oversubscribed Strategic Growth Round was Sygnum’s multi-year core business growth. 2024  revenues for all trading products, including crypto spot, derivatives, FX and traditional securities, surpassed the previous year’s total in Q3 for the second year running. Total annual trades in 2024 increased by more than 1,000% YoY, propelled by PostFinance and the 20+ banks on its B2B platform providing regulated crypto services to more than a third of the Swiss population.

Sygnum’s core business growth was matched by its industry-shaping product launches. In July 2024, Sygnum launched Sygnum Connect, a 24/7 multi-asset settlement network, with members at launch including digital asset exchange AsiaNext and prime broker Hidden Road. A few months earlier, Sygnum also opened up a second new platform, Sygnum Protect, exclusively to its global institutional client base. This platform enables them to continue trading on major crypto exchanges while holding their flexible choice of collateral in secure, bank-grade and bankruptcy-remote custody with Sygnum.

Mathias Imbach, Sygnum Co-Founder and Group CEO, comments that: “Sygnum reaching Unicorn status is a strong validation by the market of our business model, strategy and team. While it is an achievement we are very proud of, it won’t alter the values of integrity and humility, and the importance of displaying confidence without attitude at all times, which have acted as our true-north since day one. As Switzerland is currently losing ground to other jurisdictions as a preferred digital asset hub, it is also our obligation to highlight the need for Switzerland to not ignore the importance of continuous innovation in the financial sector and to continue to attract talent and capital to remain relevant in the long-term. In that way, Sygnum’s mission is only at the very beginning.”

Gerald Goh, Co-Founder and CEO APAC, says: “The successful completion of our Strategic Growth Round is proof of Sygnum’s strong and unique position as a leading regulated financial institution in the global digital asset industry. Offering trusted institutional infrastructure and regulated services for digital assets will continue to be the foundation for Sygnum’s future growth strategy.”

Oleg Mikhalsky, Partner of Fulgur Ventures, adds: Fulgur is a venture capital firm that continues to drive investment into the accelerating convergence of Bitcoin and institutional financial markets. Sygnum’s market-tested infrastructure, digital asset-native team and global ecosystem makes them the ideal partner to co-develop innovative Bitcoin-related financial products and technologies – as well as for future collaborations with other Fulgur portfolio companies. We are proud to be the cornerstone investor for the final close of Sygnum’s Strategic Growth Round, which coincides with a potential inflection point for Bitcoin’s institutional adoption and regulatory clarity.”

In FY 2024, Sygnum achieved operational profitability and continued to grow its 2,000-strong institutional client base domiciled in over 70 countries, serviced through its regulated operations in Switzerland, Singapore and Abu Dhabi. The group is also regulated in the established global financial hub of Luxembourg and was recently registered in Liechtenstein.

About Sygnum

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services.

In Switzerland, Sygnum holds a banking licence and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi and Luxembourg and is registered in Liechtenstein.

We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.

Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. Sygnum expressly disclaims all liability that may be based on such information, omissions, or errors thereof. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal, investment advice, recommendation, offer or invitation by or on behalf of Sygnum to purchase or sell any assets. 

About Fulgur Ventures

Fulgur Ventures was founded in 2019 as one of the first venture firms focused on startups in the Bitcoin and the Lightning Network ecosystems and today provides early stage, follow-on and growth capital for startups driving adoption of bitcoin and bitcoin scaling technologies, such as Lightning and Liquid networks in consumer and enterprise markets and financial institutions. For more information, please visit the Fulgur Ventures website.

[i] As at 31.12.24

[ii] Via a related investment entity

 

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SOURCE Sygnum

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Ellucian Announces Dr. Paul LeBlanc as Ellucian Live 2025 Mainstage Speaker

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Former SNHU president, co-founder of Matter and Space, and higher ed thought leader will share how AI is shaping the future of education

RESTON, Va., Jan. 15, 2025 /PRNewswire/ — Ellucian, the leading higher education technology solutions provider, today announced that Dr. Paul J. LeBlanc, renowned educator, author, innovator, former President of Southern New Hampshire University (SNHU) and current Board Chair and Co-Founder of Matter and Space, will speak at Ellucian Live 2025, the industry’s premier global technology conference. Dr. LeBlanc, who has decades of experience transforming higher education with technology, will share insights on the future of education, the role of AI in shaping student success and the continued modernization of higher education institutions.

Dr. LeBlanc recently joined Ellucian’s Board of Directors and is widely regarded as one of America’s most innovative educators. He led SNHU for 21 years, growing the institution from 2,800 students to over 250,000 and establishing SNHU as the largest non-profit provider of online higher education in the U.S. During his tenure, Dr. LeBlanc championed the use of technology to expand access, improve student engagement and scale educational opportunities. In 2023, Dr. LeBlanc co-founded a new company with George Siemens called Matter and Space, which is reinventing learning in the age of AI by putting human well-being, connectedness, and flourishing at the center of work.

“Dr. LeBlanc’s visionary leadership has redefined what is possible in higher education, and we are honored to have him join the Ellucian Live mainstage to inspire thousands of professionals across the industry,” said Laura Ipsen, President and CEO, Ellucian. “His transformative work harnessing emerging technologies has set a new benchmark for student success and education accessibility, and he will provide valuable insights to our community.”

The conference will include a large focus on the transformative potential of AI in higher education, and Dr. LeBlanc’s leadership and expertise will guide institutions as they work to integrate this powerful technology to drive student success, operational efficiency and institutional sustainability now and in the future.

Ellucian Live 2025 will be held April 6-9, 2025 at the Orange County Convention Center in Orlando, bringing together the largest global community of institutional leaders, technologists and administrators in higher education to discover game-changing solutions, industry insights, and powerful connections.

Click here for more information on Ellucian Live 2025 and registration details.

ABOUT DR. PAUL J. LEBLANC

Dr. Paul J. LeBlanc is the former president of Southern New Hampshire University (SNHU). From 2003 to 2024, under Paul’s leadership, SNHU grew from 2,800 students to over 250,000 learners and is the largest nonprofit provider of online higher education in the country.

The university was #12 on Fast Company magazine’s “World’s Fifty Most Innovative Companies” list and was the only university included. Forbes Magazine has listed him as one of its 15 “Classroom Revolutionaries” and one of the “most influential people in higher education.” Washington Monthly named him one of America’s ten most innovative university presidents. In 2018, Paul won the prestigious TIAA Institute Hesburgh Award for Leadership Excellence in Higher Education, joining some of the most respected university and college presidents in American higher education.

Paul served as Senior Policy Advisor to Under Secretary Ted Mitchell at the U.S. Department of Education, working on competency-based education, new accreditation pathways, and innovation. He serves on the National Advisory Committee on Institutional Quality and Integrity (NACIQI) and on the National Academies of Sciences, Engineering and Medicine’s Board on Higher Education and Workforce (and served on its Committee on Quality in Undergraduate Education).

Paul is the Board Chair for Matter and Space, an AI and Education company he co-founded with noted researcher George Siemens. He is also a member of the Board of Directors for Chegg, a leading student-first online learning platform, Ellucian, the leading higher education technology solutions provider, the American Council on Education (ACE), and chairs the AGB Council of Presidents.

Paul immigrated to the United States as a child, was the first person in his extended family to attend college and is a graduate of Framingham State University (BA), Boston College (MA), and the University of Massachusetts (PhD). From 1993 to 1996 he directed a technology start up for Houghton Mifflin Publishing Company, was President of Marlboro College (VT) from 1996 to 2003 and became President of SNHU in 2003. His wife Patricia is an attorney and they have two daughters, Emma and Hannah.

ABOUT ELLUCIAN

Ellucian powers innovation for higher education, partnering with more than 2,900 customers across 50 countries, serving over 20 million students. Ellucian’s AI-powered platform, trained on the richest dataset available in higher education, drives efficiency, personalized experiences, and strengthened engagement for students, faculty and staff. Fueled by decades of experience with a singular focus on the unique needs of learning institutions, the Ellucian platform features best-in-class SaaS capabilities and delivers insights needed now and into the future. These solutions and services span the entire student lifecycle, including data-rich tools for student recruitment, enrollment, and retention to workforce analytics, fundraising, and alumni engagement. Ellucian’s innovative solutions, vast ecosystem of partners and user community of more than 45,000 provides best practices leading to greater institutional success and achieving better student outcomes.

Media Contact
Jess Weston
Jess.Weston@ellucian.com

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SOURCE Ellucian

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Pye-Barker Fire & Safety Builds Full-Service Foothold in the Midwest, Acquiring A1 Sprinkler & Systems Integration

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ATLANTA, Jan. 15, 2025 /PRNewswire/ — Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider in the United States – has acquired A1 Sprinkler & Systems Integration, a fire protection, alarms and security services company in the Midwest. Based in Miamisburg, Ohio, A1 services commercial and manufacturing customers in Ohio, Indiana and Kentucky. Pye-Barker has gained traction in these states by partnering with values-aligned organizations to deliver full fire code compliance throughout the Midwest.

“Our shared commitment to our teams will allow us to expand our customer reach together.”

A1 Sprinkler & Systems Integration got its start in 1982, originally specializing in fire sprinklers before expanding to include the full scope of life safety systems. With a focus on code compliance and integrated systems, A1 designs, installs and services sprinkler, suppression, security and fire alarm, CCTV, access control and mass notification systems. The company also conducts workplace safety training, fire extinguisher service and 24/7 central station monitoring.

Built on a culture of team cooperation and accountability, A1 is devoted to uncompromising quality, continuous learning and development, and giving back to the communities it serves.

“The A1 team is comprised of individuals who are hungry to learn, grow and serve others, enabling our success as an organization,” said Bill Hausmann, A1 President. “Knowing our team and customers will be cared for by Pye-Barker, an organization that holds our same values, makes me confident in taking this next step for A1.”

“A1’s trajectory – from a fire sprinkler shop to providing full-service protection – shows how commitment to culture and investing in your team members leads to high-velocity growth,” said Bart Proctor, Pye-Barker CEO. “Our shared commitment to our teams will allow us to expand our customer reach together, and being part of Pye-Barker will create additional opportunities for A1’s team members to progress in their careers.”

The A1 team of technicians will continue to service customers in the Midwest. Pye-Barker was represented by Nelson Mullins Riley and Scarborough LLP in this transaction.

About Pye-Barker Fire & Safety

The U.S. leader in fully integrated life safety systems, Pye-Barker Fire & Safety provides complete fire protection and security systems nationwide. With over 250 locations and 8,000 team members nationwide, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100.

Visit pyebarkerfs.com/acquisitions to learn why we’re the industry’s acquirer of choice.

Contact:
Rod DiBona
VP, Business Development
605.348.2342
rod.dibona@pyebarkerfs.com

Media:
Alycia Volpe
media@pyebarkerfs.com

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SOURCE Pye-Barker Fire & Safety

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Shelley Stewart Jr. Elected as New Board Chair of The Executive Leadership Council

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WASHINGTON, Jan. 15, 2025 /PRNewswire/ — The Executive Leadership Council (ELC) announced today that Shelley Stewart Jr., Managing Partner of Bottom Line Advisory, LLC, has been elected as the new Chair of The ELC Board of Directors. Stewart, a dedicated member of The ELC since 1997, will assume his new role immediately, succeeding Gale V. King.

Shelley Stewart Jr. is a dynamic leader whose decades of experience as a senior executive, board member, and mentor have been instrumental in advancing business excellence,” said Michael C. Hyter, President and CEO of The ELC. “We have no doubt that his leadership will help us achieve new milestones in strengthening corporate leadership pipelines, fostering inclusive practices for all, and driving meaningful impact.”

With a career spanning over 40 years, Stewart has held senior executive positions at industry-leading organizations, including DuPont de Nemours, Inc., and Tyco International, where he was Chief Procurement Officer and involved in M&A strategy, as well as Invensys, Raytheon, and United Technologies (now Raytheon Technologies) where he played a key role in shaping operations, supply chain strategy, and global procurement. As Managing Partner of Bottom Line Advisory, LLC, Stewart has continued to guide organizations in unlocking value through procurement strategy and supply chain innovation.

“The Executive Leadership Council has been at the forefront of cultivating inclusive leadership in global corporations for nearly four decades,” said Stewart. “It is an honor to step into the role of Chair and collaborate with our members, sponsors, and corporate partners to drive impactful change.”

Stewart brings extensive leadership experience and a commitment to fostering growth. He currently serves on the boards of Otis Worldwide, Kontoor Brands, and Clean Harbors, where he serves on multiple committees. Stewart is a Trustee of Northeastern University and Howard University. At Howard University he chairs the Board of Visitors for the Howard University School of Business. He serves on the advisory board for its Center of Excellence in Supply Chain Management that he founded. His dedication to creating pathways for students has attracted partnerships with Fortune 500 companies, providing access to career opportunities in business and in particular the supply chain.

Stewart holds a Master of Business Administration from the University of New Haven and bachelor’s and master’s degrees in criminal justice from Northeastern University. He is also the co-author of “Straight to the Bottom Line: An Executive’s Roadmap to World-Class Supply Management.”

ABOUT THE EXECUTIVE LEADERSHIP COUNCIL
The Executive Leadership Council represents Black CEOs and executives globally and champions excellence and advancement in corporate leadership.

For more information, visit www.elcinfo.com.

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SOURCE The Executive Leadership Council

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