June 2023 - Sverica Capital

Sverica Capital Management Announces Strategic Growth Investment in First Stop Health

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Sverica Capital Management Announces Strategic Growth Investment in First Stop Health

Boston, MA – June 22, 2023 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic growth investment in First Stop Health (“FSH” or the “Company”).

Headquartered in Chicago, IL, FSH is an innovative, high-growth virtual care solution provider that works with mid-size and enterprise employers to help reduce healthcare costs and provide convenient care options for their employees. FSH delivers virtual access to urgent care, primary care, and mental health providers for a per employee per month (“PEPM”) fee with no cost to patients. The Company drives market leading employee engagement and satisfaction because of its intuitive user interface, and robust provider network. Founded by Patrick Spain and Dr. Mark Friedman, FSH works with more than 700 unique employers which they sell to via a nationwide network of employee benefit brokers and consultants.

“Our search for a capital partner focused on firms that embraced our commitment to the patient experience. We are thrilled to partner with Sverica, who understands how to leverage our strengths to accelerate our growth,” said Teira Gunlock, CEO of FSH. Gunlock will continue to lead the Company, while Gregg Osenkowski, Partner at Sverica, and Doug Patrican, Vice President at Sverica, will join the First Stop Health Board of Directors.

“We are excited to partner with the First Stop Health team and to advance their mission to provide employers and employees with the highest quality virtual health services. First Stop Health’s market leading user engagement delivers on the promise of virtual care as the digital front door to the healthcare system, resulting in tangible ROI to employers,” said Gregg Osenkowski, Partner at Sverica.

Doug Patrican, Vice President at Sverica, added “First Stop Health’s focus on delivering exceptional patient care permeates the entire organization and we look forward to supporting the FSH team as they continue to execute on their vision and growth plans.”

About First Stop Health

First Stop Health (FSH) provides care that people love with various digital healthcare services. Patients can access virtual care 24/7 via app, website, or phone. FSH helps patients save time and money with safe, convenient, high-quality virtual care solutions – Primary Care, Urgent Care & Mental Health. FSH was named one of Inc. Magazine’s Best Workplaces of 2022 and 2023 and ranked one of the fastest-growing private companies for the past 5 years by Inc. 5000. For more information, please visit www.fshealth.com.

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ShadowDragon Named 2023 Technology Pioneer by World Economic Forum

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ShadowDragon Named 2023 Technology Pioneer by World Economic Forum

Hoover, AL – June 21, 2023 – ShadowDragon™, a provider of ethical open source intelligence (OSINT), unique datasets and APIs, was selected among hundreds of candidates as one of the World Economic Forum’s 2023 “Technology Pioneers”. This exclusive cohort represents global companies at the forefront of new technologies and innovation, and that are poised to make a significant impact on society.

One of ShadowDragon’s most important missions is making the world a safer place by developing easy-to-use digital investigation tools that simplify the complexities of modern online investigations. ShadowDragon tools, data and training courses are made available to vetted law enforcement, public servants and corporate organizations who provide protection to their communities — from building cases against organized crime, to managing public health crises or physical threats against employees.

“Throughout my career, from earlier years as an ethical hacker, to being an investigator tasked with solving complex insider threat cases, OSINT was a place to turn in pursuit of more information to identify exactly who was behind those complex threats,” said Daniel Clemens, CEO and Founder of ShadowDragon. “I believe that the lawful use of publicly available information can save lives, reduce crime and hold those who take advantage of the weak accountable. As a Technology Pioneer, ShadowDragon looks forward to contributing to both dialogue and action around new solutions that overcome global crises such as human trafficking and child exploitation.”

ShadowDragon has also partnered with nonprofits that share common goals, including stopping human traffickers, to empower investigators with the ShadowDragon tools and tested investigative methods. ShadowDragon delivers OSINT from over 200 networks, including social media platforms, chat rooms, forums, historical datasets and the dark web. By streamlining the collection of this publicly available information, analysts are able to work more quickly, and look for patterns and ask questions about the data to learn more about the problem they’re trying to solve.

“We’re excited to welcome ShadowDragon to our 2023 cohort of Technology Pioneers,” said Verena Kuhn, Head of Innovator Communities at the World Economic Forum. “ShadowDragon and its fellow pioneers are at the forefront of innovation and disruption needed to help us solve the world’s most pressing issues. We look forward to their contribution to the Forum’s content work that brings together the public and private sector to tackle these global issues.”

More information on this year’s Technology Pioneers can be found here. For more information about the ShadowDragon suite of OSINT tools and capabilities, such as SocialNet, OIMonitor, MalNet, Spotter and Horizon, click here.

About ShadowDragon

ShadowDragon provides comprehensive, cyber investigative resources and training for use by private companies, intelligence gathering professionals, law enforcement, and government. The U.S.-based company delivers open source intelligence (OSINT) from over 200 networks including social media platforms, chat rooms, forums, historical datasets, and the dark web. The company monitors malware history, data breach dumps, and other areas for active cyber threats. These data collection and analytic tools help defend against malicious acts in the digital and physical world. For more information, visit www.shadowdragon.io. Visit the ShadowDragon Trust Center for details about the company’s approach to “OSINT for good”.

About World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).

About the Technology Pioneers

Launched in 2000, the Technology Pioneer community is composed of early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. The World Economic Forum provides the community with a platform to engage with public and private sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.

The Technology Pioneers community is part of the Innovator Communities within the Forum’s Centre for the Fourth Industrial Revolution. The Innovator Communities convene the world’s leading global startups across different growth stages from early-stage Technology Pioneers to growth-stage Global Innovators and unicorn companies valued at more than $1 billion.