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Business Wire
6 days ago
- Business
- Business Wire
Positive Development Raises $51.5M to Expand Nation's Leading Developmental Therapy Model for Autism
MCLEAN, Va.--(BUSINESS WIRE)--Positive Development, the leading provider of developmental therapy for autistic children and their families, today announced the close of $51.5M in Series C funding. New Investor aMoon co-led the round with existing investors B Capital and Flare Capital Partners, and continued participation from Digitalis Ventures, Healthworx, the innovation and investment arm of CareFirst Inc. and others. "This funding allows us to continue expanding a model that's working for families, providers, and payers," says Positive Development Co-founder & CEO, Mike Suiters Share Positive Development is the only autism care provider delivering developmental therapy at scale, positioning the company as the clear leader in this fast-growing category. The autism care market faces a crisis. Costs are climbing as autism diagnoses increase, with traditional, intensive Applied Behavior Analysis (ABA) interventions for autistic children costing $50,000 to $70,000 per child per year (before adding speech, occupational therapy and/or any other healthcare needs). At the same time, health plans are seeking innovative, value-based care options that better serve families. Positive Development's model is built on Developmental Relationship-Based Interventions (DRBI): a family of relationship-centered approaches grounded in developmental science and academic research. Positive Development's model integrates speech, occupational and mental health therapies with technology and real-time data to improve care quality and parent experience. Unlike traditional autism therapy, DRBI therapies are lower intensity by design, delivering measurable outcomes in fewer hours and at a lower cost. On average, the cost of Positive Development's care model is 50% less than a comparable ABA program. 'Positive Development's ability to improve outcomes and reduce the total cost of care is directly aligned with aMoon's mission to partner with exceptional companies who are advancing solutions that will transform healthcare and help people live healthier, better lives,' said Dr. Tomer Berkovitz, Managing Partner at aMoon. 'Their unique developmental therapy model brings accessibility and affordability to systems in desperate need of change, and their extensive partnerships with payers and Medicaid programs showcase their success. We look forward to partnering with the team to help the company expand and scale to serve more families.' 'This funding allows us to continue expanding a model that's working for families, providers and payers,' said Mike Suiters, Co-founder and CEO of Positive Development. 'As the nation's leading provider of developmental autism care, we're focused on making high-quality, relationship-based support more accessible and affordable. We're grateful to aMoon, B Capital, and all our investors for helping us move this important work forward.' Positive Development will use the funds to grow its DRBI-based care model by expanding within new and existing markets, investing in new health plan and state Medicaid partnerships, and advancing its proprietary technology and AI platform that improves upon the efficiency, experience and quality of care. 'Autistic children and families deserve affordable options that are tailored to their unique strengths and challenges, and our healthcare system needs options that don't break the bank,' said B Capital Partner, Adam Seabrook. 'Positive Development's relationship-based, developmental therapy approach and alternative payment model are the future of autism care, and we're excited to help the company continue to build out these important services to make care more accessible and affordable.' As part of the Series C round, Dr. Tomer Berkovitz of aMoon has joined Positive Development's Board of Directors. To learn more about Positive Development's DRBI model and national expansion, please visit or follow company updates on: Instagram Facebook LinkedIn About Positive Development Since 2020, Positive Development has been on a mission to deliver developmental therapy to as many autistic children and families as possible. Positive Development's team represents dedicated parents, devoted family members, impassioned self-advocates and pioneering clinicians. Together, they have experienced the transformative power of high-quality Developmental Relationship-Based Interventions (DRBI) therapy firsthand – personally, professionally and scientifically. As the largest provider of developmental therapy in the country, Positive Development is committed to broadening access to this life-changing approach while establishing best practices in clinical support. The company's dedication to outcomes measurement and evaluation benefits all families served. About Positive Development's Model Positive Development focuses on play-based developmental therapy based in Developmental Relationship-Based Interventions (DRBI). This family of approaches optimizes outcomes for autistic children by supporting interactions that recognize their innate motivations and constitutional differences, supported by trusting relationships and safe connections. DRBI is less invasive, more empowering and requires less time to see progress than other autism care models. Positive Development encourages and supports parents to participate in their child's care program. With coaching, parents strengthen meaningful interactions with their child through playful engagement that follows the child's intent while challenging them to extend their ideas and abilities. For more information about DRBI, visit
Time of India
22-05-2025
- Business
- Time of India
Fintech startup Data Sutram raises $9 million from B Capital, Lightspeed
Data Sutram , a fintech startup that enables financial institutions to curb fraud and ensure regulatory compliance , has raised $9 million through a mix of primary and secondary funding, founder and chief executive, Rajit Bhattacharya, told ET. The financing round was co-led by venture capital firms B Capital and Lightspeed . The Mumbai-based company will use the capital to expand its team, boost product capabilities and accelerate development of its artificial intelligence (AI)-driven platform, said Bhattacharya. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Data Sutram, which focuses on serving lenders and banks, will also use the new funding to support its expansion into other sectors such as cryptocurrency, real-time payments, gaming, ecommerce, quick commerce and insurance. 'I think over the last year, there has been a huge rise in fraud in the industry from a banking and financial perspective, driven by the digitisation wave and the increase in lending, digital transactions and digital account openings,' said Bhattacharya. Live Events 'So, we've been trying to build the concept of looking at identity as a whole and are working with some of the best banks in the country to implement it. It's been a learning cycle—from both a product maturity and company standpoint,' he said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Data Sutram, founded in 2018, uses AI and external data from over 250 sources to help businesses in lending, payments and insurance curb fraud and reduce cybersecurity risks . Its proprietary trust score analyses millions of digital footprints to identify fraud patterns such as identity theft, synthetic identities, and collusion. The platform is designed to reduce the creation of mule accounts, improve approval rates, and lower non-performing assets. According to its website, the company works with major financial institutions, including HDFC Bank , Axis Bank , IndusInd Bank , Union Bank of India , Piramal Finance and L&T Finance. In 2023, Data Sutram raised $3 million in a round led by Bharat Fund, with participation from Singularity Growth Fund, IIFL, YAN, White Venture, and other existing investors. 'The existing technologies or the existing ways to protect banking and intra-systems were not necessarily keeping up with the changes on the user side. Also, it's a slightly different way of looking at the challenge in India and other markets like India, compared to more developed markets where user behavior is different,' said Karan Mohla, general partner at B Capital. 'I think that was one of the things Rajit and the team built that was so attractive and continues to be attractive to us.'
Economic Times
22-05-2025
- Business
- Economic Times
Fintech startup Data Sutram raises $9 million from B Capital, Lightspeed
ETtech (L-R) Aisik Paul, Rajit Bhattacharya and Ankit Das, cofounders, Data Sutram Data Sutram, a fintech startup that enables financial institutions to curb fraud and ensure regulatory compliance, has raised $9 million through a mix of primary and secondary funding, founder and chief executive, Rajit Bhattacharya, told ET. The financing round was co-led by venture capital firms B Capital and Lightspeed. The Mumbai-based company will use the capital to expand its team, boost product capabilities and accelerate development of its artificial intelligence (AI)-driven platform, said Sutram, which focuses on serving lenders and banks, will also use the new funding to support its expansion into other sectors such as cryptocurrency, real-time payments, gaming, ecommerce, quick commerce and insurance. 'I think over the last year, there has been a huge rise in fraud in the industry from a banking and financial perspective, driven by the digitisation wave and the increase in lending, digital transactions and digital account openings,' said Bhattacharya. 'So, we've been trying to build the concept of looking at identity as a whole and are working with some of the best banks in the country to implement it. It's been a learning cycle—from both a product maturity and company standpoint,' he said. Data Sutram, founded in 2018, uses AI and external data from over 250 sources to help businesses in lending, payments and insurance curb fraud and reduce cybersecurity risks. Its proprietary trust score analyses millions of digital footprints to identify fraud patterns such as identity theft, synthetic identities, and platform is designed to reduce the creation of mule accounts, improve approval rates, and lower non-performing assets. According to its website, the company works with major financial institutions, including HDFC Bank, Axis Bank, IndusInd Bank, Union Bank of India, Piramal Finance and L&T Finance. In 2023, Data Sutram raised $3 million in a round led by Bharat Fund, with participation from Singularity Growth Fund, IIFL, YAN, White Venture, and other existing investors. 'The existing technologies or the existing ways to protect banking and intra-systems were not necessarily keeping up with the changes on the user side. Also, it's a slightly different way of looking at the challenge in India and other markets like India, compared to more developed markets where user behavior is different,' said Karan Mohla, general partner at B Capital. 'I think that was one of the things Rajit and the team built that was so attractive and continues to be attractive to us.'
Zawya
07-04-2025
- Business
- Zawya
Qatar: QIA's $1bln Fund of Funds programme set to highlight Startup Grind talk
Qatar - Leading venture capital (VC) firms under the Qatar Investment Authority's (QIA) $1bn Fund of Fund programme will discuss how this will impact the country's startup ecosystem during a Startup Grind Qatar event scheduled for April 16 at Workinton Alfardan Centre. Moderated by European Business Angels Network board member Marcel Dridje, the panellists include A-Typical Ventures founding & managing partner Alina Truhina; Rasmal Ventures partner Soumaya Ben Beya Dridje; Deerfield Management operating partner Dr Mussaad al-Razouki; B Capital principal Rishabh Aggarwal; and Human Capital operating partner Pradeep Desu. According to Startup Grind Qatar, the panel discussion will explore the plans and strategies of these VCs for Qatar and the region and how startups and stakeholders in Qatar can leverage their presence in the country. Startup Grind Qatar underscored QIA's $1bn Fund of Fund programme, stating this 'has changed Qatar's startup ecosystem.' The programme, Startup Grind Qatar further explained, 'is designed to bolster investments in startups as Qatar looks to grow the local startup ecosystem exponentially.' At the inaugural Web Summit Qatar held in Doha last February 2024, QIA launched the programme, which aims to 'develop a vibrant start-up and venture capital ecosystem in Qatar, spurring investment, growth, and innovation.' The QIA website stated, 'The programme aims to help close the current funding gap for entrepreneurs by providing financial resources while facilitating broader ecosystem support (e.g. helping to navigate the local landscape, supporting business introductions), bringing global best practices and capabilities to Qatar.' It further explained, 'By nurturing a robust venture capital ecosystem, the fund will help boost economic diversification, target sector growth, support local talent development, and promote sustainability across Qatar.' Aside from providing $1bn worth of funding to VC fund managers, the programme also aims to 'invest indirectly through existing venture capital funds and make targeted direct co-investments, and partner with fund managers with demonstrable track records of positive returns and commitment to Qatar.' During Web Summit Qatar 2025, HE the Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani lauded the programme on its first anniversary, saying the QIA 'had fulfilled its commitment' in setting up the programme and for selecting an initial 'six leading global investment entities to deploy capital internationally, regionally, and locally.' QIA also announced at Web Summit Qatar 2025 its investments in B Capital and Deerfield. Both firms, which will be opening their regional headquarters in Doha this year, join Rasmal Ventures, Utopia Capital Management, Builders VC, and Human Capital 'as the first investment firms to participate' in the programme. Earlier, Gulf Times had reported that Utopia, backed by QIA and Qatar Development Bank (QDB), launched A-Typical Ventures during Web Summit Qatar 2025. 'A-Typical Ventures will launch a venture studio, and it is actively seeking the region's entrepreneurs looking to scale innovations and drive economic diversification across sectors, such as fintech, healthtech, e-commerce, logistics and mobility, and climatetech,' the paper further stated. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Peter Alagos
Zawya
25-03-2025
- Business
- Zawya
50% of Startups Fail to Raise Beyond Seed: Aspire Ignite to Help Startups Beat the Odds
Aspire partners with global top tier VCs to launch a programme to empower early stage founders with the knowledge, resources and investor connections to fundraise with confidence. SINGAPORE - Media OutReach Neswire - 25 March 2025 - Aspire, the all-in-one finance platform for modern businesses, today announces the launch of Aspire Ignite, a programme designed to help early stage startup founders overcome one of the biggest challenges in their entrepreneurial journey: securing investment beyond seed funding. The initiative reinforces Aspire's continued commitment to empower entrepreneurs with the resources they need to succeed in a competitive global landscape. With nearly 50% of startups failing to raise beyond the seed stage globally, many promising ventures stall often due to a lack of mentorship, network access, and scalable growth strategies. Aspire has partnered with top tier global venture capital firms, including B Capital, Square Peg, Headline, Insignia Ventures, BEENEXT and many more to address these challenges by equipping founders with the insights and connections they need to navigate the competitive fundraising landscape with confidence through Aspire Ignite. Over the course of three months, the Aspire Ignite cohort will participate in a series of expert-led fundraising masterclasses, designed to help them refine their pitch and investor engagement strategies. In addition, they will gain exclusive access to VC reverse pitch sessions, where investors share an insider view on what they look for in early stage startups. Lastly, selected finalists will be able to have one-on-one office hours with top tier investors, providing tailored mentorship to help startups secure their next round of funding. "Too many great ideas never make it past the seed stage due to a lack of access and support,' says Andrea Baronchelli, CEO and Co-founder of Aspire. 'With Aspire Ignite, we're aiming to change that by giving founders the insider knowledge, investor connections, and resources they need to defy the odds and scale their businesses.' "We are excited to be joining Aspire Ignite, a program dedicated to equipping startup founders in Singapore with the tools and expertise needed to secure investment beyond the pre-seed stage,' said Heng Xuan, Strategy & Operations Senior Associate of BCapital. Over the next three months, I look forward to collaborating with ambitious entrepreneurs and refining their fundraising strategies through expert-led masterclasses." Aspire recognizes that as a startup's success isn't only hinged on strategic guidance and network access, it also requires the right tools and infrastructure to scale effectively. Aspire Ignite cohort members will receive over $200,000 in partner perks and benefits to help accelerate their growth. Additionally, finalists will be awarded $25,000 from Aspire, along with $500,000 in credits from leading partners such as Google, Microsoft, Amazon, and HubSpot, ensuring they have access to the best technology and services to build and scale their businesses. To be eligible for Aspire Ignite, the startups must be incorporated in the Asia Pacific region and have secured pre-seed funding. Applications for Aspire Ignite are now open, the cohort begins on April14. Early stage startup founders can apply at Hashtag: #aspire The issuer is solely responsible for the content of this announcement. Aspire Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions- accessible via a single, user-friendly account. Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. In 2023, Aspire closed an oversubscribed US$100M Series C round and announced that it has achieved profitability. Aspire
