Energy Domain, a technology-based online marketplace based in Fort Worth, has closed a $5 million Series A funding round. The funds will be used to complete the development of their new platform, Energy Domain Data, and explore synergies with their existing marketplace.
Founded by Ryan Vinson and the team at 5Ms Technologies, the company has experienced triple-digit growth over the past three years by improving the buying, selling and leasing of oil and gas assets through technology and analytics. Rather than seeking large investments from a few venture capitalists, Energy Domain opted for smaller contributions from individuals and companies in the oil and gas sector.
The company has moved into new offices in the Cattle Raisers Building in downtown Fort Worth to support its expansion, providing ample space for business development and software development teams. Earlier this year, Energy Domain acquired the Energent technology platform from UK-based Westwood Global Energy Group.
“We have built a reputation as a technology-enabled marketplace for upstream oil and gas deals,” said Ben Heinzelmann, CEO of Energy Domain. “So we know how important accurate and timely data is to our customers. Currently, investors in the oil and gas space must rely on costly third-party data platforms to obtain information and close deals. With this capital raise and our proprietary data sets, we are ready to transform into an upstream technology platform with two products, Energy Domain Marketplace and Energy Domain Data.”
New partnership with Leon Capital Group expands access to investment strategies
Leon Capital Group has partnered with iCapital, a global fintech platform, to help asset managers and high-net-worth individuals access alternative investment opportunities. Until now, Leon has primarily used its balance sheet for investments, but its fund offerings will now be available on the iCapital Marketplace, expanding access to innovative investment strategies in real estate, healthcare, credit and others.
Leon manages approximately $10 billion in private assets and aims to expand its investment network by opening its investment vehicles to third-party investors and ensuring alignment of interests through significant capital commitments. This approach minimizes conflicts of interest and places a focus on generating returns, as demonstrated by the disciplined valuation of individual assets within their real estate portfolios. Financial advisors and qualified investors can now easily access Leon’s diverse funds through iCapital’s user-friendly platform, which streamlines the investment process.
Integrity Marketing Group enters into new partnership
Integrity Marketing Group has partnered with Power Team Financial Services, an independent marketing organization based in Corona, California, to improve life insurance and retirement planning solutions for underserved communities.
Founded by Flor and Cristian Orellana, Power Team is committed to helping Latino consumers and other diverse groups achieve financial security and preserve their legacy. Through this partnership, the company will leverage Integrity’s resources and technology to increase financial literacy and access in these communities. Both leaders emphasize their shared commitment to helping others, with a vision to empower families through better financial information. Integrity’s platform will enable Power Team to expand its reach and impact, ultimately fostering healthier and more financially stable communities.
Varsity Brands expands its education center
Varsity Brands has expanded Varsity University, creating a centralized education hub that serves educators, coaches, athletes and students with a focus on physical, mental and social health resources. This initiative, which has already reached over 90 million students and 170,000 educators worldwide, is expected to reach an additional 10 million students and 20,000 educators in the coming year.
The expanded platform includes four key programs: Believe In You, OPEN, SURGE and Varsity Spirit, all designed to promote holistic student development and enhance educational support.
“Varsity Brands has always championed positive change in schools, and the expansion of Varsity University exemplifies our commitment to making a difference for today’s youth,” said Adam Blumenfeld, CEO of Varsity Brands. “By ensuring equitable access to invaluable resources and empowering educators and students alike, we are fostering an environment where every student can succeed.”
