Centana Growth Partners

Centana portfolio company AlphaSense last week finalized its acquisition of Tegus. Jaakko (Jack) Kokko, CEO and founder, joined Judy Khan Shaw on the #NYSEFloorTalk to discuss the rationale behind the acquisition, including the anticipated impact of combining AlphaSense’s AI capabilities with Tegus’s extensive content library. Exciting to hear Jack talk about his vision for the company. For more, see below:

AlphaSense was recently honored in the 2024 rankings by WatersTechnology.com as the top Artificial Intelligence Technology Provider.  We are delighted to see the AlphaSense team’s hard work and dedication recognized by this award, based on customer voting! More here: https://bit.ly/3xY5eqb

Adding to Eventus’s recent wins is their appointment as the trade surveillance program provider for the Abaxx Commodity Futures Exchange and Clearinghouse Commodity Exchange and Clearinghouse, a new marketplace from Abaxx Technologies. Abaxx Commodity Futures Exchange and Clearinghouse's primary focus on physical commodities necessitated a strategic partner capable of navigating volatile global market conditions and regulatory landscapes with flexibility and intelligence. Eventus’s seasoned team and their Validus platform were uniquely suited for the task. Well done, Eventus team, on earning this appointment and recognition!

It’s been a pleasure for us at Centana to be a part of the Vena Solutions journey since investing 8 years ago in 2016. Congratulations to 🌱 Hunter Madeley and the entire Vena team, who have continuously demonstrated remarkable passion and innovation. Vena’s growing and devoted customer base sets the stage for continued value creation and market leadership. We’re excited to continue to be a part of Vena’s future as they empower financial planning & analysis teams everywhere.

Navigating the ups and downs of funding cycles is part of the journey for any growing sector. Insurtech is no different. In a recent article from InsuranceNewsNet, partner Sarah Kim shared that the initial funding surge in insurtech during 2021 and the subsequent slowdown in 2022 and 2023 reflect the continued growth and maturation of the sector. Says Kim: “Founders are more disciplined now. Those who understand the space and the industry's needs are still very engaged.” Read more here: https://bit.ly/3RZPRnR

We are excited to announce the promotions of Jack Babbush and Candler Rich to Vice President! Since joining Centana in 2021, Jack and Candler have demonstrated exceptional growth and dedication. It has been a pleasure supporting their journeys and witnessing the significant impact they’ve made on the firm’s success, working with extraordinary founders and management teams. Please join us in congratulating Jack and Candler!

Our portfolio company Eventus, recently celebrated a series of major milestones that are a testament to their growth this year. With a 25% increase in their client base and the addition of their first South African client, Eventus continues to expand its global footprint. Their Validus platform has also been recognized as the Best Trade Surveillance Solution at both the TradingTech Insight USA Awards 2024 and the RegTech Insight Awards APAC 2024. Amidst rising fraud risks and evolving customer expectations, the need for advanced trade surveillance and market risk solutions has never been greater. We are proud of the Eventus team's achievements and solutions that continue to bring value to the financial services sector. More here: https://bit.ly/4cjH47S

“𝘐𝘯 𝘢 𝘭𝘢𝘯𝘥𝘴𝘤𝘢𝘱𝘦 𝘧𝘳𝘢𝘶𝘨𝘩𝘵 𝘸𝘪𝘵𝘩 𝘪𝘯𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘪𝘦𝘴 𝘢𝘯𝘥 𝘰𝘶𝘵𝘥𝘢𝘵𝘦𝘥 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘪𝘦𝘴, 𝘯𝘦𝘸 𝘱𝘢𝘺𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘳𝘦𝘪𝘮𝘣𝘶𝘳𝘴𝘦𝘮𝘦𝘯𝘵 𝘴𝘰𝘭𝘶𝘵𝘪𝘰𝘯𝘴 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵 𝘢 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘴𝘵𝘦𝘱 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘢 𝘮𝘰𝘳𝘦 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘢𝘯𝘥 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭𝘭𝘺 𝘩𝘦𝘢𝘭𝘵𝘩𝘺 𝘩𝘦𝘢𝘭𝘵𝘩𝘤𝘢𝘳𝘦 𝘴𝘺𝘴𝘵𝘦𝘮.” Interested in learning more? Sarah Kim’s latest piece “A Much-Needed Prescription for Healthcare’s Payment Pains,” dives into Centana’s point of view and what solutions we are seeing start to fill those gaps. Read More: https://bit.ly/4eUzEub

Our portfolio company, AlphaSense, has had a busy few weeks! They have announced a major milestone by joining forces with Tegus. This $930M acquisition of Tegus by Alphasense enhances their leadership in market intelligence, combining their AI-driven platform with Tegus' extensive expert research and private company data. Additionally, their team, is celebrating placement on the 2024 AIFinTech100 List (https://bit.ly/3VKMfY0)  and has been named one of the best workplaces by Inc. Magazine in 2024 (https://bit.ly/3Wby93r). At Centana, our goal is to partner with forward-looking firms that pursue a multitude of strategies to best meet their customers’ needs. This collaboration is a testament to that vision, bringing unparalleled insights and expanded capabilities to business and financial professionals. A big congratulations to Jaakko (Jack) Kokko and the entire AlphaSense team! Learn more here: https://prn.to/4aYB835 

Billing and payment systems in the US healthcare system are known for being inefficient and outdated, causing significant financial losses and operational issues. As healthcare shifts focus from charging for each service to prioritizing patient outcomes and transparent costs, there's a growing need for better financial management and patient care solutions. This includes advanced systems that can streamline billing processes and improve patient health outcomes. Sarah Kim, Candler Rich, and Allie Saviola recently wrote a piece "𝑨 𝑴𝒖𝒄𝒉-𝑵𝒆𝒆𝒅𝒆𝒅 𝑷𝒓𝒆𝒔𝒄𝒓𝒊𝒑𝒕𝒊𝒐𝒏 𝒇𝒐𝒓 𝑯𝒆𝒂𝒍𝒕𝒉𝒄𝒂𝒓𝒆’𝒔 𝑷𝒂𝒚𝒎𝒆𝒏𝒕 𝑷𝒂𝒊𝒏𝒔," that explores these challenges. Centana Growth Partners sees a significant investment opportunity in technologies that enhance connectivity among payers, providers, and patients. Read more to find out why: https://bit.ly/4eUzEub