Family Office Growth News — March 2024 Edition

Welcome to the March 2024 edition of Family Office Growth News!

In this month's issue, we're excited to present a blend of innovation, leadership, and strategic insights:

• Series A Wealth Watch: Spotlighting March 2024's standout Series A companies: Healthee , CyberSaint , and OneNotary .
• Exclusive Interview with the CEO & Founder of WEDO: The illustrious Wendy Diamond discusses her mission to empower women entrepreneurs, highlighting her global impact and the role of impactful investments.
• Family Office Monthly Pulse: March 2024 brings you the latest industry insights, this month we look into some coverage of Arondight Advisors and exciting MasterClasses presented by Family Office List .

As we dive into these compelling stories, let's kick off with our Series A Wealth Watch, showcasing companies at the forefront of technological advancements and market disruptions.

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Series A Wealth Watch

In March 2024, our Series A Wealth Watch spotlights the remarkable achievements of Healthee, CyberSaint, and OneNotary, as they each secure significant funding to accelerate their innovative ventures.

Healthee — Optimizing Employee Healthcare Interaction

• On March 4, 2024, New York-based Healthee announced the completion of a $32 million Series A funding round. This significant financial milestone was co-led by Fin Capital , Glilot Capital Partners , and Group 11 , with strategic partner TriNet also contributing.
• Innovation and Growth: Healthee's platform is designed to enhance healthcare outcomes and reduce overhead for employers and employees. It stands out for its ability to provide personalized, instant, and straightforward answers to health coverage, treatment, and benefits queries. With features supporting end-to-end Open Enrollment and tailored preventive care suggestions, Healthee utilizes AI-driven technology to streamline the healthcare navigation process.
• Mission and Vision: Led by CEO Guy Benjamin , Healthee was founded with the mission to ensure that quality health services are accessible at a reasonable cost. By leveraging advanced technology, Healthee aims to eliminate the common challenges associated with finding affordable care and managing health benefits, thereby creating a healthier, more informed workforce. The vision extends to transforming the healthcare delivery system for employees across the United States, emphasizing the belief that healthy employees contribute positively to their workplaces and communities.
• Future Directions: The recent funding will be used to strategically scale Healthee's operations, accelerate product development, and support the company's expansion efforts. With the backing of experienced investors and partners, Healthee is poised for rapid growth, aiming to redefine the healthcare landscape through its GenAI-based solution. This solution addresses one of the most significant challenges in the industry: navigating health benefits, thereby managing employer healthcare costs effectively and improving employee wellbeing.
• X-Factor: Healthee's unique advantage lies in its AI-driven platform, which simplifies the complex process of health benefit management and healthcare navigation. By translating the intricate details of healthcare plans, coverage, and treatments into easily understandable information, Healthee empowers employees to make informed decisions regarding their health.

CyberSaint — Pioneering Cyber Risk Management Solutions

• On March 20, 2024, Boston-based CyberSaint , a cyber risk management firm, announced it had raised $21 million in a Series A funding round. The investment was led by Riverside Acceleration Capital , with additional participation from Sage Hill Investors , Audeo Capital , and BlueIO .
• Innovation and Growth: CyberSaint's CyberStrong platform, powered by patented AI, enables businesses to understand and improve their cyber risk posture. The company is becoming the go-to solution for Fortune 500 companies seeking to simplify complex cyber risk management processes.
• Mission and Vision: Founded in 2016, CyberSaint has a clear mission to enhance cyber resilience by making advanced cyber risk management accessible to all organizations. CyberSaint is dedicated to driving executive alignment and mastering cyber risk posture across industries. The company's vision is to empower businesses to combat cyber threats more effectively, ensuring that optimizing cyber risk posture becomes a critical, strategic priority.
• Future Directions: This Series A funding will help drive CyberSaint's market expansion and further the development of the CyberStrong platform. With plans to build on customer momentum, the company aims to introduce more innovative features and tools that will continue to redefine the standards of cyber risk management. CyberSaint's strategy includes expanding its market presence and enhancing its product suite to meet the growing demand for sophisticated, yet user-friendly, cyber risk management solutions.
• X-Factor: CyberSaint differentiates itself through its comprehensive approach to cyber risk management. The CyberStrong platform's ability to automate complex processes and translate cyber risks into financial terms offers a unique value proposition. This simplifies cyber risk management for enterprises and provides a strategic advantage by integrating cyber risk considerations into overall business planning and decision-making.

OneNotary — Notarization in the Digital Age

• On March 26, 2024, San Francisco-based OneNotary revealed the closing of a $5 million Series A funding round, in addition to establishing a strategic partnership with Docusign . This move signifies a pivotal development in the notarization sector, aiming to extend the DocuSign Notary service to include third-party notaries.
• Innovation and Growth: Backed by Jackson Square Ventures , with notable contributions from DocuSign Founder Tom Gonser and other previous investors like DocuSign Ventures and The LegalTech Fund , OneNotary is at the cutting edge of online notarization.
• Mission and Vision: Since launching in 2020, OneNotary has shown impressive growth, doubling its revenue and expanding its notary network to over 30,000. Its platform's widespread adoption across industries signifies a strong commitment to simplifying and improving the notarization process for a digital era, making services more accessible and user-friendly.
• Future Directions: This new funding will boost OneNotary's marketing efforts, strengthen partnerships, and enhance their product suite to meet the rising demand for online verification solutions. The partnership with DocuSign is poised to broaden OneNotary's service accessibility, integrating it into DocuSign's extensive suite of notary solutions. Expected to launch in early summer, this initiative represents a strategic move to streamline and enhance notarization services, promising a more efficient transaction process for all DocuSign users.
• X-Factor: The partnership between OneNotary and DocuSign, in addition to the Series A round, signals an important evolution in digital notarization. It reflects a wider trend of digital transformation across traditionally manual sectors, promising to modernize and streamline the notarization process.

Are you a Seed or Series A founder with a compelling story to tell? DM Ryan Austin now for a chance to be featured in our next edition.

From Vision to Impact: Wendy Diamond's Global Mission to Empower Women Entrepreneurs

In this March 2024 issue of the Family Office Growth Newsletter, we are thrilled to present an exclusive conversation with Wendy Diamond . A luminary in the realms of social entrepreneurship and impact investment, Wendy is the visionary founder behind the Women’s Entrepreneurship Day Organization (WEDO).

Wendy is the Founder & CEO of LDP Ventures and WEDO, as well as the Chief Pet Officer of Animal Fair Media, Inc. Recognized internationally, Wendy has been featured in media outlets including Oprah, NBC’s Today Show, Bloomberg, The New York Times, and Forbes, and has been a keynote speaker at significant events at the United Nations, Harvard University, and Davos.

Wendy's commitment to transforming the narrative around women's entrepreneurship and her pivotal role in impactful investments is a narrative of inspiration and action.

A Vision for Global Change

Wendy Diamond’s journey to founding the Women’s Entrepreneurship Day Organization (WEDO) began with an eye-opening trip to Honduras.

She recalls, "Back in 2013, the dialogue around women entrepreneurs was nearly non-existent," reflecting on her mission's inception following a life-changing visit to Honduras.?

This trip reshaped her understanding of women's economic empowerment. "I ended up in Honduras on vacation, not realizing it was the murder capital of the world," Wendy recalls, detailing how a visit to a microloan organization for women sparked a profound realization about the power of entrepreneurship.?

Wendy discovered the stories of women living on just $1 a day, whose lives were drastically transformed by microloans as modest as $100. These funds enabled them to support their families, afford education for their children, and allow for a brighter future. This eye-opening experience underscored for Wendy the profound impact that even small financial support can have, especially in a capitalist society where female entrepreneurs often go unnoticed.

Launching a Global Movement

Upon returning to New York, Wendy leveraged her network and resources to bring attention to this cause. The official launch of WEDO and the inaugural Women’s Entrepreneurship Day took place on November 19, 2013, at the United Nations in New York City.

The event, which featured key stakeholders including representatives from JP Morgan, Dell, and other influential organizations, marked the beginning of a worldwide movement. Through her efforts, Wendy sparked a global initiative to empower women entrepreneurs, leading to WEDO's establishment, and the proclamation of November 19 as Women's Entrepreneurship Day.

WEDO champions the economic empowerment of women worldwide: "When women are empowered in business, they have self confidence, they have dignity. They don't allow human rights violations. So when you look at our world, we're in a capitalist society. It's so key to giving a hand up, not a handout."

Under Wendy's leadership, WEDO has not only raised awareness but also directly contributed to empowering thousands of women entrepreneurs across 144 countries.

Navigating Challenges

Despite the global acclaim and success, Wendy candidly discusses the obstacles she has encountered, particularly in pioneering spaces for women in business. "Every pioneer faces challenges," Wendy remarks, acknowledging the inherent difficulties in breaking new ground.?

Her resilience and dedication have been crucial in overcoming skepticism and appropriation by larger organizations. Wendy's ability to remain grassroots and hands-on has ensured that her initiatives not only talk about change but also make tangible differences in the lives of women worldwide.

Empowering Through Investment

In her capacity as an investor, Wendy prioritizes integrity and a profound understanding of the founders' visions. She is particularly focused on impact investments, dedicating her resources to funds that are making a positive imprint in the world and work closely to ensure they invest in women founders.

"It's all about knowing who the founders are and what they're building."

Wendy’s investments include Basepaws, a pet DNA test company that was acquired by Zoetis, contributing to helping pets live longer and healthier lives, and Light Line Medical, which has partnered with Mayo Clinic. Their chief nephrologist is advising Light Line, underscoring their potential to save millions of lives with its infection-preventing medical catheter technology.

These companies, chosen for their innovative solutions to societal and health challenges, illustrate Wendy's commitment to investments that offer both financial returns and significant societal benefits. Through these ventures, Wendy demonstrates how empathy and innovation can drive impactful investments.

Wendy also highlighted the significant role that family offices play in the landscape of impact investing, pointing out the diversity within these entities:

“Everyone's different in the way they run things. Whether they're a single family or part of a multifamily office, [many] play a critical role in supporting impactful initiatives… leveraging their unique positions to foster sustainable futures.”

A Collaborative Future

Wendy invites family offices and affluent investors to engage with the Women’s Entrepreneurship Day Organization (WEDO) and its mission to empower women entrepreneurs. “For those family offices, or ultra-high net worth investors looking to support WEDO or collaborate with us, there are ample opportunities,” she notes, pointing to the upcoming United Nations event as a key example of how joint efforts can enhance outcomes.

Wendy’s vision is unequivocal: “Together, WE make a positive impact and create a brighter future for women entrepreneurs worldwide!”?

WEDO’s next summit will take place November 2024 at the United Nations. This event serves as a prime example of how collaboration can amplify impact, fostering a community of support and recognition for women entrepreneurs globally.

For more on Wendy Diamond , WEDO, and her other initiatives, you can follow her on LinkedIn or visit: https://www.wendydiamond.com.

Looking to elevate your startup? Arondight Advisors is your gateway to the Family Office & UHNWI community. Connect with us today.

Family Office Monthly Pulse: March 2024

Delve into the essence of this month with captivating insights, pioneering achievements, and upcoming MasterClasses.

1. The Steady Hand: Family Offices Guiding Biotech Through Volatility

• The biotech sector, having weathered the storm of fluctuating IPOs and market volatility, presents a unique landscape for strategic investment.
• My latest Nasdaq piece dives into the resilience of biotech firms amidst this turbulence, emphasizing the steady hand of Family Offices in guiding investments towards sustainable growth and societal impact.
• From the recent dip in biotech IPOs to the strategic pivot towards private markets by Family Offices and UHNWIs, this analysis provides insightful perspectives on navigating investment opportunities in the evolving biotech landscape.

?? Read the article here

2. Military School and Family Offices - The Matt Balaker Podcast

A few weeks ago I had the pleasure of appearing on The Matt Balaker Podcast.

• Explored my unique path to the family office realm, the experiences that molded my perspective.
• Shared resilience lessons from military school, shedding light on their pivotal role in shaping my professional resolve.
• Dived into my career evolution, from finance to PR, culminating in the founding of Arondight Advisors.
• Expressed a bright outlook on what lies ahead, underscoring the significance of maintaining curiosity and embracing new ventures.

A huge thank you to Matthew Balaker for the fantastic conversation!

?? Watch the episode here

Must-Attend Family Office List MasterClasses in April 2024:

Here's a sneak peek into the transformative learning opportunities in the month of April, hosted by Danielle Patterson of Family Office List .

"How to Successfully Build Your Brand to Become a Celebrity in Your Industry" - April 11, 1:00 P.M. ET.

• Ready to elevate your career and become a standout figure in your field? Chirag Sagar of Mission Matters Media will guide you through the steps to build a powerful personal brand.
• This session is a must for Founders, Fund Managers, Executives, and Family Offices aiming for the pinnacle of personal branding: Register here.

"Building, Monitoring & Projecting Your Digital Presence" - April 18, 1:00 P.M. ET.

• Learn from Sameer Somal, CFA, CFP?, CAIA how to craft, monitor, and project a digital presence that builds trust, fosters client relationships, and enhances enterprise value. Understand the critical importance of controlling your online narrative to protect and grow your reputation.
• Whether it's safeguarding private information or enhancing your digital footprint, this class will equip you with essential insights for thriving in the digital age: Register here.

Discover key investment strategies with Matthew Proffitt?? - April 25, 1:00 P.M. ET.

• Details to be announced, ensuring an insightful session on navigating the investment landscape: Register here.

?? Don't miss out on next month's pulse! Subscribe now.

Closing

Thank you for joining us in the March 2024 edition of Family Office Growth News.

We're grateful for the opportunity to share these narratives with you and look forward to continuing this journey together.

We encourage you to share your thoughts and feedback – whether through a comment below or a direct message to Ryan Austin.

Stay connected for the latest in Series A ventures and strategic developments within the family office landscape. ??

Best regards,

Ryan Austin

Founder, Arondight Advisors

Email: [email protected]

Disclaimer: This publication is created and distributed by Arondight Advisors and may not be construed as investment advice. This newsletter does not provide an analysis of any company’s financial position and is not a solicitation to purchase or sell securities in any company. Arondight Advisors is an investment research and marketing firm, and not a registered broker dealer.