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This Company Turns Industrial Spaces Into Vertical Farms!
This Company Turns Industrial Spaces Into Vertical Farms!
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This Company Turns Industrial Spaces Into Vertical Farms!

The future of farming is here! Dr. Henry Sztul — the Chief Science Officer of Bowery Farming, a network of “smart” indoor farms located in the East Coast — takes us on a tour of the company’s New Jersey facility that grows produce 365 days out of the year.

“Giving the plants what they need, when they need it,” Dr. Sztul says.

While they specialize in leafy greens and herbs (such as kale, basil and cilantro), the vertical farm — where crops are grown in vertically stacked layers (aka vertical farming) — can truly produce anything.

With their model, Bowery Farming addresses a variety of social issues affecting our world and our food supply.

Bowery Announces Expansion with Giant Food
Bowery Announces Expansion with Giant Food

Bowery Announces Expansion with Giant Food

NEW YORK, NY — Bowery, the largest U.S. vertical farming company serving over 1,800 grocery stores and major e-commerce platforms, today announces the expansion of ready-to-eat salad kits to all 166 Giant Food locations. This rapid growth, due to popular demand, will bring Bowery’s local, pesticide-free, grab-and-go salad kits to Giant supermarkets in Delaware, Maryland, Virginia, and the Washington D.C. area.

Bowery is reimagining the entire fresh food supply chain to be smarter, safer, and more sustainable. In 2022, Bowery expanded product offerings into the ready-to-eat-category with the introduction of three salad kit flavors featuring forkable greens, bold flavor, and crunchy toppings from pepitas to parm crisps. All three varieties of salad kits — including Zesty Caesar, Avocado Ranch, and Balsamic Vinaigrette — are now available in the produce department of all 166 Giant supermarkets.

Kard Raises $23m Series A to Power Card Rewards
Kard Raises $23m Series A to Power Card Rewards
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Kard Raises $23m Series A to Power Card Rewards

Tiger Global leads the round, which will expand Kard’s merchant network and product suite

NEW YORK--(BUSINESS WIRE)--Kard, the rewards-as-a-service API that connects modern card issuers to the brands their cardholders love, announced today that it has raised a $23 million Series A round led by Tiger Global. Also participating in the round are Fin Capital, s12f, and existing investor Underscore VC, which led Kard's Seed round; as well as a number of strategic angel investors. Kard will use this round to expand its merchant network and product suite, as well as bolster hiring efforts across all departments, including engineering, product, sales, and account management.

Kard is the first rewards platform that specifically services the entire spectrum of card issuers, including traditional banks, neobanks, banking-as-a-service providers, and the broader fintech market — anyone building a unique card experience. Rewards programs have become table stakes for cardholders in a crowded and competitive market, but building a rewards program from scratch requires finding and integrating with retail partners, matching card transaction data to specific locations, negotiating ad rates, managing settlements, and more. Kard's capabilities handle all of this, allowing any card issuer to seamlessly embed a fully customized and tailored rewards solution into its own user experience, optimized for its unique customer base.

Mill Point Capital Partners with Core Technology Solutions
Mill Point Capital Partners with Core Technology Solutions

Mill Point Capital Partners with Core Technology Solutions

Pine Brook, NJ – February 22, 2023 – Core Technology, LLC (“Core Technology” or the “Company”), a national IT lifecycle management company offering field service solutions, announced that it has partnered with Mill Point Capital LLC (“Mill Point”), a middle-market private equity firm focused on control-oriented investments in the business services, IT services and industrials sectors in North America.

The Mill Point team employs an Executive Partner model and has extensive experience investing in the IT services sector. For this transaction, Jeffrey Leventhal, founder of S12F and an industry veteran with over 25 years of operating, management and investing experience, will serve as Mill Point’s Executive Partner. Mr. Leventhal has led multiple software and marketplace companies from idea through exit, driving the vision, product, team, financing and exit strategies. Previously, he founded WorkRails, Work Market, Spinback, OnForce, Hosted Systems, Remote Lojix and LANSafe Network Services. Mr. Leventhal will serve as Executive Chairman of the Company upon the transaction closing.

Core Technology is a leading provider of field service solutions for top OEMs, VARs and Systems Integrators. The Company provides implementation and support services for a variety of end markets including retail, food services, hospitality, banking, telecommunications and data centers. Since inception, Core Technology has been both a top service provider and thought leader in the IT field services industry. The Company is headquartered in Pine Brook, NJ and operates throughout the U.S.

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I've known Jeff for years and have valued his partnership, experience and advice immensely since the first time we met. Jeff is a true operator and has been an entrepreneur, building companies long before it was commonplace. He gets energy from pulling up a chair and diving into the details to help think through any problem, large or small...
- Irving Fain, Bowery
- Irving Fain, Bowery
I met Jeff when I was an executive at Kustomer where he was our first investor. Since that time we’ve collaborated on business strategy, team building and startups in general. As my company Backbone came to life Jeff and S12F were natural partners to help launch our business.
- Rob Baily, Backbone
- Rob Baily, Backbone
I've known Jeff professionally now for over 6 years, first working for him in an operational capacity, and then as an advisor turned investor in my company. For any early-stage founder, Jeff is about as well-connected and helpful that you could find and has been a valuable resource to me and my team. I'm excited to continue working with him and the S12F team in the future!
- Ben MacKinnon, Kard
- Ben MacKinnon, Kard
We met Jeff prior to starting Kustomer and were thrilled to have him as an early investor in Kustomer
- Brad and Jeremy, Founders Kustomer
- Brad and Jeremy, Founders Kustomer
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ACQUISITIONS

We look to acquire easy to understand software and tech enabled service businesses that can exist as a standalone operation with an engaged team for the long term. We will expect our businesses to be or become cash flow positive and we will use a portion of this cash flow to make new investments.

If you engage with us, we will give you fast straight answers as to our process, timing and valuation.

Tony Weiss

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Tony is an experienced executive, entrepreneur and investor. He has launched start-ups, led turnarounds and held executive leadership positions including the CEO of CompUSA. He helped build it into a Fortune 500 company.  His drive, strategic thinking, people skills, operational excellence, and marketing instincts have been proven throughout his 30+ year career. 

As an executive, Tony’s focus revolved around the customer, operations, and marketing. He believes by successfully focusing on those three areas you will have a highly profitable business with high margins and multiple strategic opportunities for value creation. 

Prior to working with S12F, Tony was a founding partner with FMW Investments which invests in multi-family housing and commercial real estate. Additionally he was the CEO of CompUSA, and Vice President of Global S&P for Dell. Currently, Tony serves on boards, invests and performs advisory work across his investment portfolio.