Factor Capital

Factor Capital Management Initiates Venture Fund I with $30 Million Focus on Blockchain Startup Investments

CHARLOTTESVILLE, Va., Nov. 2, 2023 /PRNewswire/ — Factor Capital Management, an investment firm founded by former GSR Markets and Two Sigma Investments Executive Jake Dwyer, announced today the launch and first close of its Factor Venture Capital Fund I with approximately $10M in commitments. The fund aims to invest up to $30m in seed-stage startups that leverage blockchain technology to solve real-world problems. Venture Fund I is backed by a group of investors, including GSR Markets, Theta Capital Management, executives from Two Sigma Investments, and the founders of Multicoin Capital, Lattice Capital, and Cosmos Network, amongst others. The fund plans to write checks ranging from $500k to $1m to exceptional entrepreneurs at the earliest stages of company development. Blockchain technology has promised to change the way we conduct business by introducing trustless efficiencies in archaic analog systems. While the early applications of blockchain technology were often associated with cryptocurrencies and speculation, the technology has come a long way since its inception. Existing Factor portfolio companies like Koywe, Jasmine Energy, Neutral, and Parcl are already driving significant efficiencies for businesses and consumers using blockchain technology to solve real problems today. The team at Factor Capital has been observing the evolution of blockchain technology since its launch and believes that now is a unique time to invest in this innovation’s early stages as this mainstream impact accelerates. With advances in AI and decentralized blockchains, it is easier than ever for small teams to bring high-impact visions to life from anywhere in the world. “We are excited to partner with founders and investors who align with our vision of investing in businesses that have a real-world impact,” said Factor’s founder, Jake Dwyer. “Our thesis is basic: blockchain is on the cusp of mainstream adoption, and we want to support the companies that will drive this adoption forward.” For more information, please visit https://www.factorcapital.com/. About Factor Capital Management: Founded in 2023, Factor Capital believes in leveraging cutting-edge technologies, native digital assets, and full-stack problem-solving methodology to accelerate innovation. The firm was founded by Jake Dwyer, a startup and finance executive with over 20 years of operating experience leading early-stage businesses and driving innovation within world-class investment managers like Two Sigma Investments. We seek to consistently invest in and leverage emerging technologies, using data and software to create efficiencies as an investment manager and deliver superior returns. The team brings an operator’s mindset to investing and is an active partner to entrepreneurs, working alongside them to build sustainable and valuable businesses. SOURCE Factor Capital Management

Read More »

Another Italian culinary diva drives global market growth: His Majesty, mascarpone

DUBLIN, Oct. 25, 2023 /PRNewswire/ — The “Global Mascarpone Cheese Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Type, By Application (Food & Beverages, Food Service Industry, and Retail & Household), By Regional Outlook and Forecast, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering. The global mascarpone cheese market is on track to achieve significant growth, with a projected market size of $1.7 billion by 2030, showcasing a robust Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period. In 2022, the market witnessed substantial expansion, with a volume of 66,006.5 tonnes, marking a remarkable growth rate of 5.1% from 2019 to 2022. The surge in the consumption of mascarpone cheese in developing countries within the Asia Pacific region can be attributed to evolving dietary preferences and increased access to specialty dairy products. Consequently, the Asia Pacific region generated $318.7 million in revenue in 2022. The market’s growth in this region is further catalyzed by significant industry players’ efforts to penetrate new markets. Changing lifestyles, driven by increased employment, have led to a decline in home cooking. Consequently, people are increasingly dining out, leading to a rise in the consumption of dairy and meat products. Restaurants are experiencing higher demand for various cheese and meat options, driven by the growing preference for high-protein diets, ultimately boosting cheese sales. Mascarpone cheese has become a vital alternative to traditional bovine milk-based cheese consumption, and this trend is expected to continue to flourish in the foreseeable future. The rising demand for ready-to-eat food items is another contributing factor to the market’s growth. Mascarpone cheese is a favored culinary ingredient in industrial canteens and large catering establishments, enhancing the appeal of ready-to-eat offerings. The expanding retail and ready-to-eat sectors are anticipated to drive the demand for mascarpone cheese, further bolstering market growth. Numerous retail outlets, including hypermarkets, supermarkets, discounters, forecourt retailers, convenience stores, and grocery stores, offer ready-to-eat food items. Additionally, online commerce has become a popular channel for purchasing mascarpone cheese, playing a pivotal role in enhancing brand image and raising awareness of various food and beverage products, thus fostering the demand for mascarpone cheese. Despite these positive trends, the market faces competition from other cheese products, such as sliced cheese, shredded cheese, liquid cheese, parmesan cheese, halloumi cheese, and cheese blocks. Some consumers may perceive these alternative cheese products as more authentic and natural, potentially affecting the demand for mascarpone cheese. Application Outlook The market is categorized into three main application segments: food & beverages, food service industry, and retail & household. In 2022, the retail and household segment experienced substantial growth. Mascarpone cheese finds versatile applications in these sectors, serving as a staple dairy product available in various forms and packaging sizes. Consumers utilize mascarpone cheese in a wide range of sweet and savory dishes, making it a sought-after ingredient in popular recipes like tiramisu, cheesecakes, pasta sauces, and more. In households, mascarpone cheese plays a crucial culinary role, imparting creaminess and richness to homemade recipes. Distribution Channel Outlook In terms of distribution channels, the business-to-business (B2B) segment dominated the market in 2022. The B2B distribution channel streamlines the process for restaurants and retailers, offering direct access to premium mascarpone products with prompt delivery and consistency. This platform caters to the diverse needs of restaurants, bakeries, and other food service businesses by emphasizing efficient logistics, personalized assistance, and competitive pricing. Type Outlook The market distinguishes between flavored and unflavored mascarpone cheese, with the unflavored segment holding a significant revenue share in 2022. The demand for unflavored mascarpone cheese remains robust due to its versatility in both sweet and savory culinary creations. Unflavored mascarpone serves as a neutral canvas, enhancing the richness and creaminess of dishes without overpowering other flavors. It remains an essential ingredient in classic desserts like tiramisu and cheesecakes, valued for its ability to create a smooth, velvety texture. Additionally, it enriches pasta sauces, risottos, and spreads in savory dishes, adding a touch of luxury. Regional Outlook In 2022, the European region led the market, accounting for the highest revenue share. Europe’s diverse cuisines rely on cheese as a common ingredient, a key factor propelling market growth. Furthermore, the increasing demand for cheese as a critical component in cuisine and the growing consumption of authentic cheese are driving market expansion in the European region. Key Market Players Key companies profiled in the market research report include Vermont Creamery, LLC, Quality Cheese Inc., Dairy Craft India Pvt Ltd, BelGioioso Cheese, Inc., Di Stefano Cheese Co., Ferraro Dairy Foods, Newlat Food S.p. A., Granarolo S.p. A, Arthur Schuman Inc., and Crave Brothers Farmstead Cheese LLC. For more information about this report visit https://www.researchandmarkets.com/r/x6kiun About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. SOURCE Research and Markets

Read More »

Infosys and smart Europe GmbH have formed a five-year partnership to introduce eco-friendly electric mobility solutions

BENGALURU, India, Oct. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has signed a five-year collaboration with automotive marquee smart Europe GmbH to refine its Direct-to-Customer (D2C) business model in Europe and provide enhanced customer experience, data-driven personalization and engagement for the existing model smart #1, the newly announced smart #3, and other upcoming all-electric models from the iconic brand. Through this strategic collaboration, Infosys will help smart Europe GmbH redefine the online EV buying experience and apply state-of-the-art Machine Learning (ML) models to accurately forecast sales and aftersales demand. Infosys was chosen to assist the premium EV maker in this transformation for its deep expertise in enabling consolidation across automotive sales and e-commerce processes and systems. To enable smart Europe GmbH to derive exceptional value from software, data, and cloud investments, Infosys will leverage its trusted process, functional and technical expertise, complemented by a design thinking-led consulting approach. Infosys will also help smart Europe GmbH to efficiently sell electric vehicles across 15 European countries with a D2C sales approach and secure engagement across lead generation, prospect conversion, sales, and aftersales channels, supplemented by end-to-end ownership and accountability. Dirk Adelmann, Chief Executive Officer of Smart Europe GmbH, said, “We are pleased to have Infosys as our partner on this journey. Infosys’ strong leadership commitment backed by its ability to drive end-to-end application development and maintenance with efficiency and effectiveness, will help us boost our operational performance and user experience.” Jasmeet Singh, EVP and Global Head of Manufacturing, Infosys, said, “We are delighted to deliver our cutting-edge technologies to innovative companies like smart Europe GmbH to help ramp up their competitiveness in the European market. Infosys has demonstrated a steadfast commitment to powering innovation-driven customer experiences across touchpoints through our automotive and mobility offerings. Leveraging a blend of our expertise in the domain and strong regional presence, we will help smart Europe GmbH fast-track the adoption of cutting-edge digital solutions. The success of this engagement will be a real game changer for both smart Europe GmbH and Infosys in the electric mobility era.” About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale, and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. SOURCE Infosys

Read More »

Where is Spain flying to? Discover it during the 2023 Spanish Aviation Forum in Madrid

2023 Spanish Aviation Forum: Madrid, Spain – November 24, 2023 DUBLIN, Oct. 26, 2023 /PRNewswire/ — The “3rd Spanish Aviation Forum” conference has been added to ResearchAndMarkets.com’s offering. The conference sessions will provide the platform for high-level debate, exchange of ideas and information as well as extensive networking opportunities for aviation executives from Spain and around the world who will discuss a variety of topics. Participating companies will represent operators and manufacturers, safety and security experts, financing companies, and sectors such as insurance, software technology, airport infrastructure, and other areas that contribute to the development of commercial aviation in Spain. This international event will explore the latest developments in the commercial aviation sector of Spain Spain at the crossroads of Europe, South America and Africa Financing and leasing aircraft and engines Fleet management, maintenance, and operations Aviation sustainability Speakers Montserrat Barriga Andres, Director General, European Regions Airline Association Inaki Azcoitia, Director – Commercial, Managing Partner, Alisios Aviation Arnold Aumasson, VP Marketing & Business Development, Aircraft Maintenance Systems RD Matthew Gee, Chief Operating Officer, Six West Gonzalo Ibarra, CEO, Ibarra Aero Charges Adrian Iordache, Principal Solicitor and Director, Consortium Legal Robert Ricketts, Partner, Holland & Knight Jan Willem Storm van‘s Gravesande, Managing Partner, Aviation Independent Consulting Fergal Whelan-Porter, Chief Executive Officer, Aeolus Engine Services Senior Representative of Airbus Corporate Jets Senior Representative of Vertis For more information about this conference visit https://www.researchandmarkets.com/r/5c24ik About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products, and the latest trends. Media Contact:Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.com SOURCE Research and Markets

Read More »

Prospects for the Moomoo Market: The Potential in Emerging US Technology Untapped, with Over 80% of Australian Investors Overlooking It

SYDNEY, Oct. 26, 2023 /PRNewswire/ — A significant portion of Australians are overlooking opportunities to grow their investment portfolios and gain exposure to booming overseas industries such as Artificial Intelligence (AI). According to the ASX Australian Investor Study 2023, approximately 51% of Australians invest, and only 16% of Aussie investors have international shares in their portfolio. Moomoo’s Market Strategist Jessica Amir says this lack of diversification means Australians are likely missing out on generation-changing companies involved in fast-growing industries. “The AI market is projected to surge 900 percent to $300 billion by 2026, and spending on AI chips is expected to grow by 30 percent per annum to $165 billion by 2030*,” Ms. Amir said. “The companies pioneering this technology such as Nvidia, Intel, Google, and Microsoft are listed overseas, so the US market is where the potential lies. “Australian investors should explore global exchanges and these booming industries, to gain exposure to this potential growth.” Key to leveraging the potential benefits from global diversification is both accessibility and education for Aussie investors—moomoo was the first platform to extend trading hours and bring round-the-clock trading for US markets to Australian investors. Moomoo Chief Market Strategist Matt Wilson says that for moomoo’s Australian users, more access to international markets is one of the most popular requests, and Australian users are especially interested in more diverse US asset classes. “We are the only platform in Australia offering 24/5 US trading for over 160 US stocks and ETFs, meaning the only platform that offers extended trading hours compatible with Australian time zones,” said Mr Wilson. “Other tools help investors identify and understand trading strategies, such as Institutional Tracker which provides insights into trades and holdings of renowned investors like Warren Buffett’s Berkshire and Cathy Wood’s ARK Invest.” With over 60% of its global workforce in research and IT development, moomoo has an advanced customer service system and an offline community engagement strategy to gather user feedback and execute updates on its trading app with rapid speed. “Incumbent platforms in the Australian trading space simply cannot meet this demand, with most unable to respond to customer demands for global markets and features that have spiked in popularity,” Mr Wilson said. “The moomoo platform is the most technically advanced trading platform in the market, yet one of the easiest to use, offering a huge array of tools to help hone in on the best trading opportunities. “We are committed to continually evolving our app to best suit Australian users, delivering around 350 new upgrades and product revamps per month as part of our mission to become Australia’s leading trading platform.” Moomoo is pioneering app development efficiency with 2,500 new features introduced in the past six months alone, driven by customer demand and feedback. Currently, the moomoo app offers advanced charting tools, AI-powered insights, and 100+ stock indicators to identify the best investments for individual strategies. Moomoo has been awarded Best Share Trading App in the US by America’s top finance media Benzinga, and is one of Australia’s go-to platforms for US trading. *Global X Forecast with information derived from StratView Research. (2023, Jan). For more information or interview request, please contact: pr@moomoo.com For more information, please visit moomoo’s official website at www.moomoo.com/au About moomoo Moomoo supports Australian investors of all backgrounds and experience levels. Our mission is to eliminate barriers to investing and equip users with the tools they need to achieve their goals. Moomoo’s parent company is Nasdaq Listed (NASDAQ stock code: FUTU). It is a NYSE global strategic partner and is backed by various strategic and venture capital investors including Tencent, BlackRock Inc., and Sequoia Capital. We believe investing and trading should be simple, seamless, and intuitive. Moomoo has access to tools, resources, and training to help you get ahead, regardless of your investment experience. Our community can invest in companies that they know and love across Australia, the US, and Asia, all with just one app – moomoo. Whether you are looking to trade or invest in popular US stocks 24 hours a day, five days a week, see what asset management companies (AMCs) such as Warren Buffett’s Berkshire Hathaway are buying and selling, access easy-to-understand company financials, or check analyst ratings, we’ve got you covered. Our free-to-access features allow you to learn from the pros, build your own strategies, and leverage AI-powered tools to become a better trader. Invest in you. Invest in your financial future. Join moomoo; Aussies’ go-to choice for US Stocks. SOURCE moomoo

Read More »

The Economic Impact of Racial Diversity

Diversity has always existed since time immemorial. However, it was only in recent years, and particularly in the past year, that this topic has taken center stage in society and the corporate world. Speaking about diversity is not just work; it’s a purpose. It’s the opportunity to act as an agent of change for the kind of society we want. My purpose is to contribute to building a better world for my daughter and future generations. In my diversity talks, I introduce myself in a unique way: “Pleasure to meet you, I am diversity!” I explain this because, even though diversity has gained prominence now, I was born carrying diversity within me: I was born a woman and black. Over the years, I’ve acquired two more types of diversity. Today, at 47, I am also a mother of a 6-year-old child. These are facts that make me proud but are often seen as problems by most companies. Talking about racism, even with the acceptance of diversity making the topic more approachable, still means breaking a taboo. For a long time, we didn’t discuss it. I grew up in the 1980s/90s in Rio Grande do Sul (a state where black people are a minority), and we simply didn’t talk about it. It was as if it were forbidden. We closed our eyes and pretended it didn’t exist. Those who faced a racist act (now called bullying) were the ones who felt ashamed. Neither racism nor racial insults were considered crimes. As if racism being a taboo were not enough, I bring another taboo into my profession: economics and finance. Talking about money is one of the biggest taboos in Brazil. When I combine these two topics – diversity and money – I often hear the following statement: “You’re an economist! You’re from the exact sciences… So why are you talking about diversity? What does diversity and inclusion have to do with economics and finance?” I respond naturally: “It has everything to do with it!” And from there, I shed light on the understanding that economics is not an exact science but a social science applied, involving people. Economics studies people’s behavior, seeking to assist in the efficient use and application of scarce resources among various alternatives. Therefore, economics is made by people and for people. I then invite constructive reflection by considering the Brazilian reality: Brazil was colonized by Indigenous people, Portuguese, and black people. It is internationally recognized as the most racially mixed country in the world. Therefore, diversity has always existed. Do you agree? So why, in recent years, has this topic gained prominence in the political and social landscape and, especially, in the corporate world? It’s simple: economic interests. I present five reasons that support my view: 1. Brazil has the largest black population outside of Africa. 56% of the Brazilian population identifies as black or mixed-race. 2. The annual spending of the black population injects nearly 2 trillion Brazilian Reais (R$1.9 trillion) into the economy, accounting for 40% of the country’s total consumption. This figure even surpasses the annual consumption of the upper class, which is 528.6 billion Reais. 3. In higher education, black and mixed-race individuals already represent 38.15%, marking a growth of over 400% between 2010 and 2019. Moreover, for the first time in history, black and mixed-race students make up the majority in public universities, at 50.3%. 4. The percentage of black professionals in managerial positions is 29.9%. At the director and C-level, the representation is still very low, at 4.7%. However, the trend is upward, given the evolution of affirmative actions and changing attitudes in the corporate world. It’s important to note that even before companies widely adopted affirmative action, black and mixed-race individuals already made up the majority of interns and apprentices. In 2020, this figure grew by 197% compared to the previous year. 5. Movements for representation, such as the Black Money Movement, are growing, proclaiming, “If it doesn’t represent me, I won’t consume it.” In a recent study by the Croma Group, data reveals that 68% of black people prefer to consume and endorse brands that value diversity and where they see themselves represented. These data and facts reveal a shift from Say’s Law, which states that “supply creates its own demand,” because what’s happening is that demand is driving supply. Consumers are now demanding not only good products or services but also social contributions from companies. To win over consumers, it’s not enough for a company to be the best in the world; it must also be the best for the world. Companies are seeking the sustainability tripod, where generating economic value alone is insufficient. They must also create social value. Thus, to stay active and competitive in the market, it’s necessary to be economically viable, environmentally responsible, and socially inclusive. McKinsey data already shows that companies with diverse teams have 35% higher profitability than others. The Harvard Business Review provides data on a 50% reduction in conflicts, 17% higher engagement, and 11 times more innovation in diverse teams compared to homogenous teams. Moreover, not considering diversity, especially in terms of inclusion, involves many risks, ranging from brand reputation to threats to the business’s continuity. Therefore, it is essential to understand that “the skills that brought us here may not be enough to take us forward.” You don’t need to be an economist or a strategy professional to understand the societal changes already affecting the corporate world, as the customer and employee profiles have changed. In other words, companies that resist including diversity and inclusion in their strategic agendas run the risk of being rejected by society in the future. UBUNTU – I am because we are! [1] IBGE data, 2020. Dirlene Silva is an economist and a multi-faceted professional: an entrepreneur, educator, consultant, mentor, speaker, columnist, advisor, and author. Her mission is to “Demystify economics and finance.” She is also a Diversity activist, actively working as a catalyst for positive change in the world. Recognized as a

Read More »

Information you can trust

1886 Business Magazine is a platform dedicated to discussing and informing about innovation, food and beverage, technology, diversity, sustainability, marketing, and creativity. Our magazine aims to provide a fresh and creative perspective on the mentioned areas and offer a platform for both established and emerging professionals and companies to showcase their work.

You have been successfully Subscribed! Ops! Something went wrong, please try again.