Dear Friends,
I am writing to you this morning from our offices at Union Square…It is so wonderful to see life start to normalize again here in New York City.
Hoping all is well with you and your families, and look forward to seeing many of you again in the weeks and months ahead.
This quarter, Axcess Granted will focus on exciting announcements with several of our important investments, portfolio companies, and partners. We are especially proud of our 25madison’s latest funding round, I am privileged to be a part of this extraordinary team…Please keep us in mind for any early stage businesses you believe we should consider reviewing.
As always, feel free to reach out to us with any meaningful partnership ideas worth pursuing together.
Wishing you a fun-filled summer with family and friends.
Best,
Kirk Posmantur
AXW Family Members in the News
25MADISON ANNOUNCES CLOSING OF LATEST FUNDING ROUND
25madison, a leading venture studio and incubator, has announced that it has closed on its latest funding round. Apollo Global Management, Inc. (NYSE: APO), the global alternative investment manager, Endeavor and a number of prominent high net worth individuals and family offices are among investors backing the venture studio’s focus on building early-stage companies. With $60 million of capital raised to date, 25madison is well positioned to execute on its mandate to build and invest in early stage companies. (Read More)
DIRECTIONAL AVIATION BUYS HELICOPTER OPERATORS IN US AND UK
The private aviation holding company, Directional Aviation, recently acquired Halo Aviation Ltd., a leader in helicopter transportation services in the UK. This follows on the acquisition earlier this year of Associated Aircraft Group (AAG), the premier provider of executive Sikorsky helicopter service in the northern United States. Directional already owns fractional jet provider Flexjet and jet card pioneer Sentient Jet and their sister companies, FXAIR and PrivateFly, on-demand jet charter providers in both the US and Europe. (Read More)
SUN LIFE TO ACQUIRE PINNACLECARE
Sun Life financial Inc. (TSX: SLF) (NYSE: SLF) announced that it has agreed to acquire Pinnacle Care International Inc. (PinnacleCare), a leading US medical intelligence and health care navigation provider. Based in Maryland, PinnacleCare has more than 170 employees and 20 years of experience helping people access an initial or second medical opinion to make critical, informed treatment decisions for complicated diagnoses. PinnacleCare will become part of Sun Life’s US Stop-Loss & Health Business, the largest independent stop-loss provider in the country. Sun Life will acquire PinnacleCare for a purchase price of US$185 million. (Read More)
IGY MARINAS AND IYBA ANNOUNCE FORWARD-THINKING CHARTER SHOW
For many years, discussion has flared about the direction of global trade shows in the yachting industry, the challenges of reconciling the different needs of regional and international target groups and the importance of remaining relevant. The results is the Inaugural Caribbean Charter Yacht Show founded by IGY Marinas and The International Yacht Brokers Association (IYBA), which will be hosted at Yacht Haven Grande, St. Thomas, USVI, from December 9-12, 2021. (Read More)
ONDA RAISES $5M IN SERIES A FINANCING TO EXPAND SPARKLING TEQUILA BRAND NATIONALLY
Onda, the fastest-growing sparkling tequila brand, announced a $5 million Series A financing led by Aria Growth Partners, a leading consumer growth equity firm, and beverage industry veteran, Clayton Christopher. 25madison, a venture studio and founding partner, participated in the Series A round. The investment will support Onda, which was co-founded by actress Shay Mitchell, in product development of its award-winning sparkling tequila, marketing initiatives, and to further build out its team and continue to expand wholesale, retail and e-commerce distribution channels to reach consumers nationwide. (Read More)