Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, today announced that it has raised $12 million in its Series A funding round led by Illuminate Financial (Illuminate) and DRW Venture Capital (DRW VC). Illuminate and DRW VC join a growing list of strategic investors that includes institutions such as Flow Traders, Laser Digital, Two Sigma, Wintermute, and retail brokers such as Exness, Gate.io, GMO, Pepperstone, Trademax and Think Markets.
“This fundraise comes at a time when institutional market structure is changing in digital assets,” said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. “Prime brokerage and central clearing models are advancing, creating fungibility and exposing execution venues that hold clients captive. We are honored to welcome strategic shareholders who share our vision and passion to create the world’s leading execution-only trading venue for digital assets. Illuminate brings enormous depth of knowledge across the institutional landscape, and DRW adds significant expertise as one of the largest, multi-asset market makers in the world.”
“Illuminate Financial has been building out a portfolio of institutional grade digital assets infrastructure companies since 2019 as part of our thesis around the convergence of traditional finance and digital asset market structure,” said Mark Beeston, Founder and Managing Partner, Illuminate Financial. “Crossover adds best-in-class execution capability to that portfolio, serving both the immediate and long-term needs of financial institutions that wish to trade digital assets with a future-proof 24/7 low latency infrastructure that traditional markets are increasingly moving towards.”
“DRW VC has a proven track record of supporting early-stage companies committed to delivering market structure innovations both in the traditional and crypto markets,” said Kim Trautmann, Partner at DRW Venture Capital. “Crossover Markets was a natural fit for our portfolio, and we’re excited to support its experienced management team to deliver a best-in-class technology solution for digital asset trading that delivers superior execution while minimizing counterparty risk.”
Crossover also announced the addition of new Board Members. Mark Beeston, Founder and Managing Partner of Illuminate Financial, will join Crossover’s board of directors along with Kevin Wolf, CFO at American Financial Exchange and former CEO of Euronext FX.
Mulvihill added, “Digital assets market structure is experiencing a pivotal change driven by institutional needs and activity. Simultaneously, we are witnessing the early-stage emergence of discussions around 24/7 trading across traditional asset classes. CROSSx is designed to be among the fastest, highest-performance venues in any asset class. More specifically, we developed the platform to bring 24/7 trading, price precision and size precision characteristics to traditional markets where technology is lagging in such areas. Bolstering governance and broadening corporate strategy to address the needs of clients in this evolving landscape were atop our agenda when thinking about Board expansion. Mark and Kevin bring a wealth of experience that spans equities, fixed income, FX, and digital. We are elated to add dynamic leadership by welcoming Mark and Kevin to Crossover.”
Crossover Markets is best known for its execution-only electronic communication network (ECN), CROSSx, an institutional trading venue for digital assets. Its ultra-low-latency and quote-driven matching technology, combined with tailored liquidity and smart order routing, make it a destination for more competitive prices and overall lower trading costs.
Crossover Markets recently reported over $3.15 billion (USD) in notional trading value, 415,450 trades, and over 141 billion quotes processed on CROSSx in Q1 2024. With the added funding, Crossover Markets will continue to invest in its team and technology, further strengthening its position in the market.
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Allied Market Research published a report, titled, “Saw Palmetto Berries Market by Form (Powder, Capsules/Tablets, Liquid Extracts), by Source (Organic, Coventional), by Application (Dietary Supplements, Functional Foods and Beverages, Pharmaceuticals): Global Opportunity Analysis and Industry Forecast, 2024-2035″. According to the report, the “saw palmetto berries market” was valued at $172.4 million in 2023, and is estimated to reach $325.6 million by 2035, growing at a CAGR of 5.6% from 2024 to 2035.
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A32241
Prime determinants of growth 
One of the major drivers in the saw palmetto berries market is primarily driven by increasing awareness about the health benefits of saw palmetto berries, particularly in promoting prostate health and managing urinary symptoms, fuels demand. Moreover, rising consumer preference for natural remedies and herbal supplements further propels market growth. The expanding aging population, particularly in regions like North America and Europe, contributes significantly to market expansion as these demographics are more prone to prostate-related issues. Moreover, advancements in extraction technologies and the growing availability of saw palmetto products in various forms such as capsules, extracts, and oils are enhancing market accessibility.
Report coverage & details:

Report Coverage 

Details 

Forecast Period 

2024–2035

Base Year 

2023

Market Size in 2023 

$172.4 Million

Market Size in 2035 

$325.6 Million

CAGR 

5.6 %

No. of Pages in Report 

282

Segments Covered 

Form, Source, Application, And Region.

Regional Scope   

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa   

Country Scope

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, Colombia, GCC And South Africa.

Drivers 

Health Benefits

Increasing Demand for Organic Products

Natural Remedies Trend

Opportunities 

Expansion Of Product Offerings

Partnerships With Healthcare Professionals

Innovation In Formulations

Restraints 

Limited Supply

Competition From Synthetic Alternatives

Price Volatility

The powder segment to maintain its leadership status by 2035
By form, the powder segment held the highest market share in 2023, accounting for more than two-fifths of the saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period. Saw palmetto berry powder can be easily incorporated into various products, including capsules, tablets, teas, and functional foods, making it highly adaptable for different consumer preferences and product formulations. Its stability and ease of storage without the need for preservatives enhance its appeal to manufacturers and consumers seeking natural and convenient health solutions. Moreover, powdered extracts allow for standardized dosing, ensuring consistent potency and efficacy, which is crucial for health supplements targeting specific conditions like benign prostatic hyperplasia (BPH). The powder form also enables better absorption and bioavailability of the active compounds, further boosting its popularity.
Procure Complete Report (282 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/saw-palmetto-berries-market
The organic segment to maintain its leadership status by 2035
By source, organic segment held the highest market share in 2023, accounting for more than half of the global saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period. Rise in consumer preference for natural, chemical-free products that align with health and environmental values. Organic saw palmetto berries are cultivated without synthetic pesticides, fertilizers, or GMOs, appealing to health-conscious consumers who prioritize purity and sustainability in their supplements. This trend is particularly strong among millennials and individuals seeking clean-label products and drive the higher demand for organic options.
The dietary supplement segment to maintain its leadership status by 2023
By application, the dietary supplement segment held the highest market share in 2023, accounting for nearly half of the global saw palmetto berries market revenue and is estimated to maintain its leadership status during the forecast period. Saw palmetto supplements are widely used to manage symptoms of benign prostatic hyperplasia (BPH), making them popular among aging populations and men concerned with urinary health. The convenience and ease of consumption of dietary supplements, available in various forms such as capsules, tablets, and soft gels, cater to consumer preferences for simple and effective health solutions. Moreover, the increasing focus on preventive healthcare drives the demand for dietary supplements as consumers seek natural ways to maintain their health and well-being. The growing awareness of the benefits of saw palmetto in supporting hormonal balance and overall wellness further drives the demand for the segment.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A32241
North America to maintain its dominance by 2035
By region, Asia-Pacific is anticipated to dominate the market with the largest share during the forecast period. North America region’s native growth of the Serenoa repens palm tree, primarily found in the southeastern United States, ensures a reliable and abundant supply of high-quality saw palmetto berries. This local availability supports large-scale harvesting and production, reducing costs and ensuring product consistency. Moreover, North America has a well-established dietary supplement industry, driven by high consumer awareness and demand for natural health products. The prevalence of prostate health issues among the aging male population in the U.S. and Canada also boosts the market for saw palmetto supplements, which are widely recognized for their benefits in managing benign prostatic hyperplasia (BPH).
Leading Market Players: –

Valensa International
Optimized Plant Nutrients
Naturalize Biotech Corp
Labnica
Bio-Botanica
Maypro
Jiaherb
Hunan Nutramax,
Xian Changyue Phytochemistry
Atlantic Phytochemicals & Extracts

The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting market growth.
The post Saw Palmetto Berries Market to Reach $325.6 Million, Globally, by 2035 at 5.6% CAGR: Allied Market Research appeared first on HIPTHER Alerts.

 
In 2023, Sama, a leader in providing data labeling, supervised fine-tuning, and model evaluation solutions for major AI models, announced the publication of its second annual Impact Report.
This report underscores Sama’s substantial advancements towards its sustainability goals and its continued progress in delivering benefits to all stakeholders. Key achievements include creating 581 entry-level jobs, transitioning its North American offices to 100% renewable energy, and joining the United Nations Global Compact (UNGC)—the world’s largest corporate sustainability initiative.
Progress and Ethical Commitment
Wendy Gonzalez, CEO of Sama, emphasized the company’s commitment to ethically developing AI. “Our commitment to ethical AI development includes being transparent about our governance, operations, compliance, and practices. By participating in initiatives like the UNGC and disclosing our efforts in our annual Impact Report, we highlight our ongoing dedication to doing right by people and the planet,” she said. Sama’s focus extends beyond quality; it actively supports social impact and adheres to rigorous ESG standards, valued by their enterprise customers.
In 2023, Sama created over 500 entry-level positions, providing underrepresented communities with opportunities for formal employment in the digital economy and fair wages. Research by Sama revealed that such employment significantly boosts the financial contributions of new employees to their families’ housing and educational expenses, demonstrating the broader positive impact of stable employment.
Environmental Goals and Global Standards
Sama also made significant progress towards its goal of achieving net-zero emissions by 2050 by switching its North American offices to 100% renewable energy. This initiative not only reduces the company’s carbon footprint but also sets a precedent for similar transitions in other Sama locations globally, including in Kenya and Uganda. These efforts are part of Sama’s broader strategy to halve its Scope 1 and 2 emissions by 2030 and reduce its Scope 3 emissions per employee by the same year.
As a new member of the UNGC, Sama aligns its operations with the UN’s Ten Principles, which cover human rights, labor, environment, and anti-corruption. The company has identified several UN Sustainable Development Goals (SDGs) that resonate with its mission, such as No Poverty, Decent Work and Economic Growth, and Reduced Inequalities. Sama commits to producing annual Communications on Progress reports detailing its advances towards these goals, with the first report expected later in 2024.
Living the Mission
Kristen Itani Koue, director of impact at Sama, highlighted the company’s dedication to its mission of empowering marginalized youth and women through digital skills training and formal employment. “Our Impact Report goes beyond just stating our mission; it shows how we actively live it out and balance multiple bottom lines as a business. I look forward to further detailing our progress in our upcoming UNGC Communication on Progress,” she stated.
In addition to these efforts, Sama has implemented key governance policies and launched a supplier responsibility program in East Africa, requiring major vendors to adhere to a comprehensive Supplier Code of Conduct. This initiative covers various aspects including health and safety, human rights, fair working conditions, sustainability, and business ethics.
Regulatory Compliance and Future Directions
In 2023, Sama also adhered to critical legislation, such as the Sustainable Finance Disclosure Regulation (SFDR) in the European Union, reporting on diversity, equity, inclusion and belonging, climate action, and governance. Additionally, in response to the German Supply Chain Due Diligence Act (SCDDA), Sama completed multiple disclosures regarding its ESG governance, human rights and labor standards, health and safety, and climate action, supporting its customers in meeting their compliance requirements.
These initiatives reflect Sama’s comprehensive approach to developing AI responsibly and ethically, setting a benchmark for corporate responsibility in the tech industry and reinforcing its commitment to creating a positive impact on both society and the environment.
Source: businesswire.com
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