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Lighter Capital Adds ShareVault to Its Exclusive Partner Perks Program

Lighter Capital Adds ShareVault to Its Exclusive Partner Perks Program

Business Wire2 days ago
LOS GATOS, Calif.--(BUSINESS WIRE)--ShareVault, the secure document sharing and virtual data room (VDR) platform built for high-stakes transactions, today announced a new partnership with Lighter Capital, a leading growth capital provider for early-stage tech startups. As part of the collaboration, ShareVault joins Lighter Capital's Partner Perks Program, which offers founders access to discounted tools and services valued at over $200,000.
Founders shouldn't wait until they're in diligence mode to think about how they manage documents. Share
Lighter Capital-backed companies can now take advantage of ShareVault's secure, intuitive platform to manage due diligence, fundraising, investor updates, and strategic partnerships. ShareVault is trusted globally by dealmakers for its speed, simplicity, and enterprise-grade security.
'We're excited to partner with Lighter Capital and support founders navigating fundraising and growth,' said Steven Monterroso, CEO of ShareVault. 'ShareVault helps teams move faster, protect sensitive data, and present a more professional, deal-ready presence to investors and buyers.'
Designed for early-stage and scaling companies, the perks program gives founders access to best-in-class tools without sacrificing runway. ShareVault's inclusion empowers Lighter Capital's portfolio companies to proactively manage critical business processes that often get overlooked—until it's too late.
'Founders shouldn't wait until they're in diligence mode to think about how they manage documents,' said Tanner Kovacevich, VP of Sales. 'ShareVault makes it easier to stay organized from day one. They're a valuable addition to our perks program.'
About Lighter Capital
Lighter Capital is the pioneer of revenue-based financing and a leading growth partner for SaaS companies. Since 2010, the lending company has provided hundreds of millions of dollars to over 600 U.S., Canadian, and Australian tech startups. Through its funding platform, ecosystem, and Partner Perks Program, Lighter Capital helps founders accelerate growth—on their terms—without dilution or loss of control.
Learn more at: www.lightercapital.com
About ShareVault
ShareVault is a secure document sharing platform known as a Virtual Data Room (VDR) built for high-stakes transactions across all industries. Professional dealmakers trust ShareVault for M&A, capital raises, litigation, licensing, and compliance. The platform empowers teams to move faster, stay organized, and close with confidence.
More than just a VDR, ShareVault is a deal enablement platform that helps companies streamline due diligence, maximize valuation, and signal to investors, buyers, and partners that they're secure, deal-ready, and easy to work with. With enterprise-grade security, intuitive workflows, and tools like AI-powered redaction, Clickwrap NDAs, and audit-grade tracking, ShareVault is changing the game for how deals get done.
Learn more at: www.sharevault.com.
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Udemy Launches AI-Powered Platform in Arabic, Fueling Skills Acceleration Across the Middle East
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Vesttoo Creditors File Landmark Lawsuit Against Aon and China Construction Bank for Fraudulent Conduct Leading to Vesttoo's Collapse and Billions in Insurance Industry Claims
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Vesttoo Creditors File Landmark Lawsuit Against Aon and China Construction Bank for Fraudulent Conduct Leading to Vesttoo's Collapse and Billions in Insurance Industry Claims

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Aon also steered its riskiest transactions to Vesttoo while ignoring glaring red flags regarding Vesttoo's collateral providers, reaping tens of millions in fees while enabling a scheme that destabilized the global insurance market. Absent Aon's false representations about its CPI product, Aon's failure to satisfy its due diligence obligations to Vesttoo and its counterparties, and CCB's facilitation of billions in forged letters of credit, Vesttoo's business would not have relied on the misvalued deals and forged collateral that led to its demise.' 'As an independent fiduciary appointed by the Court, the Trust is seeking to hold Aon, CCB, and CCB-enabled co-conspirators accountable for the manipulation of and fraud against Vesttoo,' continued Hirsh. 'This litigation represents an initial step toward justice for insurers and reinsurers who were victimized by Aon's and CCB's actions.' 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(paragraph 4) 'At the very same time that Aon was touting its valuation capabilities in the marketplace, its employees were sounding alarms internally regarding the creation of 'potentially catastrophic' liability for Aon and 'persistent and significant cultural issue[s] … deeply embedded within the valuation team,' including 'insane' conflicts of interest, that made it 'amazing [Aon] [was] able to get a single transaction done.'' (paragraph 5) '... [Aon and White Rock] were incentivized to provide sky-high valuations of the underlying IP, which valuations could both increase the size of the underlying loan (and thus the size of the CPI policy and associated premium) and help ensure that the transaction closed by lowering the perceived risk of loss for other transaction parties.' (paragraph 69) '... In light of Aon's undisclosed inability to produce sound valuations of IP assets, when Jefferies ... received a rare peek under the hood of one of Aon's valuations, it immediately raised concerns to Aon regarding the valuation team's 'voodoo math.' As Eric Geller of Jefferies commented, '[t]he valuation team didn't even value the business.'' (paragraph 164) 'Aon internally recognized similar problems with the output of its failed valuations team, expressing reluctance to sharing its valuation methodology externally and recognizing, as noted by Chris Rafferty in Aon's IP Solutions Group, that independent valuations by third parties might reach conclusions that 'were materially different (lower).'' (paragraph 165) Aon Ignored Red Flags Surrounding Vesttoo's LOC Fraud to Continue to Scale its CPI Product '... As Aon looked to 'make IP lending massive,' it recognized internally that 'Vesttoo is an important market to [Aon] for IP deals,' because Vesttoo was 'the only market interested' in Aon's riskiest deals for which it was 'unlikely that the more traditional shops will have much of an appetite.'' (paragraph 10) '... When Aon became aware of significant red flags concerning the LOC capacity from Vesttoo's investors, Aon not only looked the other way, but also concealed its concerns from counterparties to convince them to participate in Vesttoo-backed CPI deals.' (paragraph 10) '... When Vesttoo inexplicably was unable to provide a proof of funds statement from the bank (Santander) that supposedly was issuing a $50 million LOC for a CPI transaction, Aon did not investigate why Vesttoo's investor was unable to obtain such routine documentation. 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Aon also told counterparties that Vesttoo 'ha[d] sophisticated credit and structuring expertise,' assuring reluctant counterparties that 'certainty of [reinsurance] capacity will be significantly improved by the inclusion of Vesttoo.' Meanwhile, Aon internally was grousing that Vesttoo 'simply does not have the required experience or expertise to structure these deals correctly,' and lamenting that if Vesttoo 'was less strategically important' to Aon, it 'would have to consider resigning and not working with [Vesttoo] further.' ' (paragraph 16) China Construction Bank Enabled the LOC Forgery Scheme 'Together, Ginati and his CCB-enabled co-conspirators forged documentation falsely stating that CCB had posted over $2.81 billion in LOC collateral, allowing them to collect millions of dollars in reinsurance premiums before the fraud finally came to light in summer 2023.' (paragraph 12) 'Lam also used the authority CCB conferred upon him as a CCB employee to lend legitimacy to the scheme and deceive Vesttoo's employees. On at least two occasions—once in January 2023 and again in May 2023—Vesttoo employees attended in-person meetings with Lam at CCB's offices in Hong Kong as part of Lam's efforts—in concert with his co-conspirators Ginati, Wang/Fu, and Wai—to deceive Vesttoo. Lam communicated with his co-conspirators and with Vesttoo using his CCB email address.' (paragraph 97) '... CCB's U.S.-facing LOCs outstanding jumped from $80 million on December 31, 2021, to $1.28 billion on December 31, 2022, a year-over-year increase of over 1,500%. As a result, CCB entered AM Best's top-fifteen list of reinsurance LOC issuers in the United States in the 2022 year.' (paragraph 102) Aon's CPI Fraud Triggered Vesttoo's Collapse and Wreaked Havoc on the Insurance Industry 'Aon's CPI product wreaked havoc on Vesttoo and the reinsurance industry. Because Aon's CPI borrowers overwhelmingly defaulted on the Aon-brokered CPI loans, lenders turned to the IP collateral to try to cover their losses.' (paragraph 19) '... While Aon touted default rates of between just 3% and 6% when marketing the CPI product, the actual default rates ended up being exponentially higher. Because Aon was intimately and uniquely aware of the flimsiness of its IP valuations, it was entirely foreseeable to Aon that these borrowers would default, leaving Vesttoo vulnerable.' (paragraph 19) 'Aon pushed CPI loans based on highly speculative IP valuations for borrowers that had yet to generate any revenue even while admitting internally that 'pre-revenue borrowers are not well suited to CPI loans' because '[p]re-revenue opportunities make it incredibly difficult to project the value of the IP.'' (paragraph 20) '... When CPI deal after CPI deal collapsed in mid-2023, Vesttoo's investors lacked valid LOCs to satisfy the claims and Vesttoo collapsed along with those deals. Aon walked away with its profits—leaving the insurers Aon convinced to work with Vesttoo holding the bag.' (paragraph 22) Advisors Selendy Gay PLLC and Richards, Layton & Finger, PA are serving as litigation counsel and C Street Advisory Group is serving as strategic communications advisor to the Vesttoo Creditors Liquidating Trust. Vesttoo Creditors Liquidating Trust was established as an independent fiduciary under the oversight of the U.S. Bankruptcy Court to pursue recovery claims on behalf of creditors harmed by Vesttoo's collapse. The Trust's mission is to maximize creditor recoveries and to hold accountable all parties responsible for the losses.

Udemy Launches AI-Powered Platform in Arabic, Fueling Skills Acceleration Across the Middle East
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