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Breakout Commerce dba Gooten has filed a notice of an exempt offering of securities to raise $7,591,060.00 in New Equity Investment.

Breakout Commerce dba Gooten has filed a notice of an exempt offering of securities to raise $7,591,060.00 in New Equity Investment.

February 28, 2023 Craig Etkin

According to filings with the U.S. Securities and Exchange Commission, Breakout Commerce dba Gooten is raising $7,591,060.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Brian Rainey played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Breakout Commerce dba Gooten
At Gooten, we operate a smart supply chain for brands that are looking to optimize their eCommerce business with on-demand manufacturing. We combine our proprietary technology and operational expertise with a global network of 30+ best-in-class manufacturing partners. No lip service here. In 2020 alone, we processed 2 million orders and boast a 98% error-free rate. We hand-select all of our manufacturing partners that service more than 70 global locations across the US, Canada, AUS, EU, and the UK. What’s more, our proprietary order management and smart supply chain network always ensures orders are being efficiently routed to production facilities that are closest to your consumers, allowing localized production, lower shipping costs, and faster delivery.

To learn more about Breakout Commerce dba Gooten, visit http://www.gooten.com/

Contact:
Brian Rainey, Chief Executive Officer
646-502-9209
https://www.linkedin.com/in/thebrianrainey/

SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.


Venture Capital
5600, Breakout Commerce dba Gooten, New York, Venture Capital

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Acrisure has announced it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Funds from the round will be used to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A and accelerate its development as a tech-enabled financial services platform, advancing its strategy to become the preeminent fintech solutions provider for millions of small- and medium-sized businesses domestically and abroad. The investors involved in the transaction include Bain Capital Special Situations, Fidelity Management & Research Company, Apollo Funds, Gallatin Point Capital, BDT & MSD Partners, and a consortium of other investors. No existing investor exited as part of this transaction. BDT & MSD remains the largest minority shareholder in Acrisure through affiliated funds.

In a statement Greg Williams, Chairman, CEO and Co-founder of Acrisure said, “This transaction represents a significant milestone and serves as proof that our vision for Acrisure’s scaled platform has become a reality.” “Our evolution from an insurance brokerage into an AI- and technology-powered global financial services provider has opened the door to massive opportunity. I see limitless potential for how far Acrisure can go, and we’re extremely grateful for the financial support and validation from our investors.”

Going forward, Acrisure will continue to expand its footprint and product offerings through strategic, accretive M&A, fully integrating the platform created through its previous 900 acquisitions, and driving organic growth with its robust suite of tailored offerings, which now includes real estate services, cybersecurity tools, payroll and payment processing, and retirement and wealth solutions. Acrisure’s unprecedented growth has driven the company’s valuation to $32 Billion, marking a nearly 40% increase since its last institutional capital raise just three years ago. A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries.
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RevenueCat, the leading platform for managing consumer app monetization, has announced it has raised a $50 million Series C round led by Bain Capital Ventures (BCV). Returning investors Index Ventures, Y Combinator, Adjacent, Volo Ventures and SaaStr Fund also participated. This adds to the prior $12 million Series C that was raised last year, bringing the total raised to $100 million to date. Building a robust monetization stack can be notoriously challenging. For developers, code can be hard to write, time-consuming to maintain and full of edge cases. For product and marketing teams, having a full view of business performance is hard to find and adjust in one place. RevenueCat enables engineers to build features simply, plus provides analytics, integrations and tools to grow. Product and marketing teams can obtain deep customer analytics to make data-driven decisions and grow revenue, with tools to manage pricing, customers and experiments. In turn, consumers can easily pay anywhere and access their purchases from every device.

In a statement Jacob Eiting, CEO and co-founder of RevenueCat said, “Developers deserve a frictionless way to make money, and nobody has approached this with our level of focus” “We’re already assisting more annual app revenue than existed in the entire ecosystem when we started in 2017. The market has grown 10x, and I expect another 10x over the next decade. By staying radically focused on helping developers get paid, I believe we can build a generational public company.”

RevenueCat’s rapid product expansion means the company is well-posed to help apps navigate changes in consumer software monetization. Given the recent ruling that developers may now use non-in-app-purchases in the USA on iOS, there’s an opportunity to save significant money in platform fees by sending users to a web checkout page instead. In response to this major mobile monetization development, RevenueCat shipped its Web Paywall Button, giving developers a drop‑in way to A/B‑test external payments versus in‑app purchases while easily targeting eligible users. RevenueCat’s global, remote-first team now spans 18 countries and counts over 100 teammates. The company pays U.S. market salaries worldwide, attracting top talent regardless of location. With fresh capital in hand, RevenueCat plans to scale product development and make strategic hires to meet booming developer demand across AI, gaming, productivity and beyond.
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AI might be great at helping engineers write code, but it’s creating a new problem – all that code still needs to be reviewed by humans. CodeAnt AI is stepping in with a solution that uses AI to tackle the review process itself, raising $2 million in seed funding to help engineering teams move faster without sacrificing quality or security. The funding, CodeAnt AI’s first institutional round, values the company at $20 million. It will be used to expand the engineering and business development teams and to scale CodeAnt AI’s code quality and application security platform. For engineering teams already feeling the pressure to ship faster, the investment comes at the perfect time. The funding round was led by Y Combinator, VitalStage Ventures, and Uncorrelated Ventures, and with participation from DeVC, Transpose Platform, Entrepreneur First, and a number of marquee angel investors.

In a statement, Amartya Jha, Co-founder and CEO of CodeAnt AI said, “As AI-driven coding becomes widespread, the real bottleneck isn’t writing code — it’s reviewing it,” “Today, when a developer submits a change request, it often sits idle for hours or even days waiting for peer review. And even when a reviewer does pick it up, they rarely have full context of the code change. This is a critical risk point: most software bugs and vulnerabilities slip through at the peer review stage, where issues could have been caught early and cheaply.”

As AI continues to transform how code gets written, CodeAnt AI is positioning itself as the bridge to a future where code can be both rapidly created and confidently deployed. The founders envision a world where AI doesn’t just help developers write code faster, but also ensures that every line shipped to production is secure, efficient, and ready for the real world – giving engineering teams the confidence to move at the speed their businesses demand.
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