FOR IMMEDIATE RELEASE
September 28, 2021
NEMPHOS BRAUE REPRESENTS SYNAPTIC ADVISORY PARTNERS, LLC IN SPIN-OFF OF YOUREKA LABS AND CLOSES $8.5 MILLION CAPITAL RAISE FOR THE NEW ENTITY
Series A Capital Raise From Salesforce Ventures, Grotech Ventures, Boulder Ventures and Additional Investors Will Add Scale and Expand Offerings
BALTIMORE, MD — Co-Founder and Managing Member George Nemphos and the team of lawyers at Nemphos Braue LLC represented Synaptic Advisory Partners, LLC, a cloud consulting business, in the spin-off of its technology solution Youreka Labs, Inc., and have closed a complex, multi-investor, $8.5 million Series A capital raise for Youreka Labs. The funding expands on the investment from CoFactor Ventures completed last year and adds prominent angel investors and institutional investors Grotech Ventures, Boulder Ventures and Salesforce Ventures.
Youreka Labs’ platform allows organizations to build smart assistant apps to help frontline workers, especially in the fields of healthcare, energy, utilities, manufacturing and the public sector. Following tremendous growth, the new investments will help scale the business, expand offerings and grow its partnership with Salesforce.
“The Nemphos Braue team of attorneys has been an extension of our team throughout this process, available when we needed them and expert at navigating the complexities as they arose,” said Youreka Labs CEO Bill Karpovich.
“We love being able to roll up our sleeves to be part of something as unique, relevant and impactful as Youreka,” said George Nemphos, Co-Founder and Managing Member of Nemphos Braue. “It’s a privilege to work with such a dedicated and trailblazing team.”
About Nemphos Braue LLC
Founded in 2016 by George Nemphos and Tim Braue, Nemphos Braue LLC is committed to driving legal and business value for clients by fostering true strategic partnerships. Combining big firm expertise with the flexibility and creativity of a boutique practice, our attorneys are proven in all areas of corporate and business law, including venture capital, private equity and financing, intellectual property, general corporate counsel and mergers and acquisitions, representing clients in a wide variety of industries ranging from technology and food and beverage to healthcare and construction. Its subsidiary, Old Line Government Affairs, LLC, represents clients before executive and legislative branches of state and local government. www.nemphosbraue.com
About Youreka Labs
Headquartered in Baltimore, Md., Youreka Labs is closing the skills gap with its proprietary, no-code mobile technology platform that makes it easy to build smart mobile service applications that assist frontline workers across a wide array of industries including health and life sciences, energy, utilities, manufacturing, financial services and government. Built on the leading cloud platform, Salesforce, Youreka enables organizations to elevate the capabilities of their mobile workers and in turn improve customer service and accelerate growth. https://youreka.io/