Augment Ventures May 2024

Rivet Announces Close of New Financing

Rivet Work announced the closing of $6 million in new financing led by Brick & Mortar Ventures with participation from existing investors Augment Ventures, Defy.vc, Detroit Venture Partners, Michigan Rise and angel investors. The funding enables Rivet to provide its platform to multi-trade businesses and bring even more value to existing electrical partners.

Katstubah Pandya, a partner at Brick and Mortar Ventures commented “Over the course of the year when we met them (Rivet), we actually tracked them, and they grew pretty aggressively. Which is, I would call pretty unusual for our industry. We know the growth rates and how hard it is to satisfy customers in our industry, and what it takes to deliver a good product. Rivet did that by leaps and bounds and we saw that not just in the numbers, but also in the customer interviews that we did.”

To read more on the announcement please click here.

We’re thrilled to release a special episode of our Supply Chain Month podcast featuring none other than Donald Hicks, CEO of Optilogic.

In this captivating episode with Sonali Vijayavargiya, Donald shares his unique journey through the world of supply chain management, reflecting on his experiences at two leading companies. He also unveils his forward-thinking vision for the sector, offering invaluable insights that you won’t want to miss! To watch the episode, click here.

Nori Announces Partnership with Perennial
Nori announced its partnership with Perennial to support the evolution and expansion of its carbon removal credit issuing program. The partnership will unlock new capabilities, enabling Nori to support new crop types, international project development, precision credit selection, and more. To read more about the announcement click here.

Channel19 CEO Speaks at Mid-America Trucking Show
Channel19 CEO and Founder Tony Singh addressed an audience of carriers from different fleet sizes at the Mid-America Trucking Show, the largest annual trade show dedicated to the Heavy-Duty Trucking Industry. Tony spoke about how Carriers can increase their margins by monitoring and avoiding exception-related costs while improving operational efficiency. To watch the event, click here.

JUICER CEO Interviewed on Yahoo Finance
JUICER Co-Founder and CEO, Ashwin Kamlani, was interviewed by Yahoo Finance to give insight into how JUICER aims to use dynamic pricing and revenue management strategies to help restaurants maximize revenue during slower periods of the day. To check out the video interview click here.