Valuations of VC-backed corporations in Europe present no signal of stopping, reaching new records in H1 2021, PitchBook has discovered. The goal of the initiative is to spotlight the attractiveness of France’s start-up ecosystem to foreign and home investors. Frontline Ventures is completely positioned between the US and EU to assist rising companies as they internationalise. Zoe Chambers and Stephen McIntyre, partners, UK and Ireland, discuss how they act as a bridge over the Atlantic.
Microsoft donated $100m alongside six anchor companies – American Airlines, ArcelorMittal, Bank of America, The BlackRock Foundation, Boston Consulting Group, and General Motors. The European Commission has also partnered with Catalyst to mobilize $1B over the subsequent 5 years to construct large-scale, commercial demonstration initiatives. The request for info is in search of proven technologies at lab scale and is open for submissions till Oct twentieth, after which the RFP will open. $752 billion Amount of uninvested capital that PE companies have at their disposal. Once selected VC-Backed Exits, you must be brought to the Exit / Liquidity section on the Search Results web page where the VC-back exit field is checked underneath Other Filters.
Based in London, Kuda presents a debit card and operates a mobile-only neobank in Nigeria. The firm, which raised $25 million in March, will reportedly use the new funds partly to expand to different countries in Africa. Last yr, the New York-based boutique announced Canada’s Northleaf Capital Partners had led a $500 million investment to purchase an curiosity within the agency’s music royalty catalogs. Caisse de dépôt et placement du Québec, certainly one of Canada’s largest public pension funds, was a major co-investor in the deal, in accordance with an announcement. Ridehailing company Ola has raised $500 million from Temasek, Warburg Pincus and Ola founder Bhavish Aggarwal forward of the Bengaluru-based firm’s IPO.
“They’re investing in youthful, earlier-stage corporations, they usually’re extra keen to take a minority stake than they had been, as a end result of they’ve got to put the cash to work,” Stewart says. The New York-based PE firm closed its $291 million Fund III which included investments from endowments, foundations and pension funds. Round Hill’s Fund I launched in 2012 and raised greater than $200 million, whereas its 2018 vintage Fund II raised $263 million. Healthtech startup Ro has raised $500 million in a round co-led by General Catalyst, FirstMark Capital and TQ Ventures. The new funding values the company at $5 billion, in accordance with stories.
♻️ Recycleye, a UK-based maker of recycling robots, raised $4.7m in Seed funding from Promus Ventures, Playfair Capital, Creator Fund, and MMC. 👖 Unspun, a San Francisco, CA-based robotic manufacturing startup eliminating waste in denims manufacturing, raised $7.5m in Seed funding from Josh Buckley, Fifty Years, Rarebreed, Apex Black, AVG, 8 Sleep, SOSV, and Superhuman. 🌱 Blue White Robotics, a Israel-based agriculture robotics firm, raised $37m in Series B funding from Insight Partners, Entrée Capital, Clal Insurance, Peregrine VC, and Regah Ventures.
The enterprise health & wellness tech sector received a document $3.2bn in enterprise funding in 2020, the biggest quarterly determine in the last 5 years, a latest report by PitchBook has discovered. London-based PE firm G Square has reached the €500 million exhausting cap for its third healthcare-focused automobile, according stephanie harlowe net worth to AltAssets. The investor targets European mid-market firms and offers between €30 million and €60 million in equity per deal. The European Commission and European Investment Fund have revealed an extra €500 million in EU funds devoted to financial intermediaries investing within the blue economy.
Spacs have turn out to be a well-liked alternative route for firms trying to go public, notably within the US, the place they’re fueling a flurry of PE and VC exits. There have been 10 Spac listings in Europe in 2020 and 2021, with a total value of about $1.3bn, in contrast with the US, the place 522 such listings have attracted more than $300bn, knowledge by research supplier Refinitiv to the end of March exhibits. Pegasus Europe, Tikehau Capital’s first particular purpose acquisition vehicle , has raised €500m, turning the French agency into one of the first European traders to successfully join the Spacs growth. Boston’s VC ecosystem is usually grouped with Silicon Valley’s, however the two could not be extra totally different.
Free Financial Modeling Guide A Complete Guide to Financial Modeling This useful resource is designed to be the best free information to financial modeling! Use CFI’s PitchBook Excel Plugin Guide to learn to obtain the Excel plugin and use its intensive templates library to perform monetary evaluation. Twitter shares were sharply decrease in early trading on Wednesday after a rocky day on the markets on Tuesday.
In a big survey of 10,000 young folks throughout 10 international locations, nearly half of all kids report that climate anxiousness impacts their every day lives. PitchBook’s 2021 Sustainable Investment Survey finds that VCs are less likely to utilize an ESG risk framework than non-VC investors. In one other recreation of hot potato, Shell offered its Permian Basin belongings for $9.5bn to ConocoPhillips, returning three quarters of the proceeds again to shareholders by way of buybacks as a substitute of investing for the power transition.
The investment brings Ola’s total venture funding raised to greater than $4 billion, based on PitchBook information. Discord has raised $500 million in a spherical led by Dragoneer Investment Group, with participation from Baillie Gifford, Coatue, Fidelity Management & Research and Franklin Templeton. The deal values the San Francisco-based firm at round $15 billion, Bloomberg reported. Discord, which was valued at $7 billion in December, is the developer of a platform that offers instant video, voice and textual content messaging for associates and the gaming community. Recent high-profile deals including Sony Music Entertainment’s purchases of the track catalogs of Bob Dylan and Bruce Springsteen, the latter reportedly for $500 million, have proven the value of artists’ bodies of work. And KKR’s investments in the song catalogs of John Legend and Ryan Tedder, who has written for musicians together with Adele and Beyoncé, present there’s appetite within the non-public markets for the asset class.