Picsart raises $130m in funding round valuing the company at over $1bn
Picsart has raised $130 million in a Series C funding round led by SoftBank Vision Fund 2 with participation from new investors G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company. With over $100 million in annual revenue run rate, Picsart is now valued at […]
Abu Dhabi fund set to take stake in broadband challenger Cityfibre
A group of investors including Abu Dhabi’s sovereign wealth fund is said to be close to taking a stake in Cityfibre in a deal valuing the Goldman Sachs-backed broadband firm at around £2bn. Abu Dhabi’s Mubadala Investment Company and Interogo Holding — the investment arm of the group behind Ikea — are leading the swoop […]
GrowthGenius Secures $1.8M in Funding to Scale Sales Prospecting Automation Platform
GrowthGenius, an all-in-one sales automation platform, today announced the close of a $1.8M investment ound led by FirePower Capital’s private equity arm. The new funding, which will be a mix of term debt and equity, aims to accelerate the nearly 200% annualized revenue growth since the beginning of the year. “We built GrowthGenius to help […]
Mubadala Capital Closes Private Equity Fund III at $1.6 Billion
Mubadala Capita closed its third Private Equity fund, at $1.6 billion. MIC Capital Partners III (“Fund III”) raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms across North America, Europe, the Middle East and Asia. The fund is focused on direct investments in […]
SoftBank-backed DriveWealth raises $450 mln at nearly $3 bln valuation
SoftBank-backed DriveWealth has raised $450 million in fresh capital as part of a late-stage financing round co-led by private equity and venture capital firm Insight Partners and Accel, valuing the fintech firm at $2.85 billion. Founded in 2012, DriveWealth offers technology that allows companies to offer fractional trading services. So-called fractional shares are offered by […]
Ares seeks $4 billion for distressed investing
Private equity firm Ares Management Corp is seeking to raise $4 billion for its second fund that is focused on investing in the debt and equity of companies in financial distress, people familiar with the matter said on Friday. The Los Angeles-based firm raised its first such fund, Ares Special Opportunities Fund, in the wake […]
Adverity secures $120m from SoftBank Vision Fund 2
Marketing analytics platform Adverity has closed a $120 million Series D financing round led by SoftBank Vision Fund 2, with existing investor Sapphire Ventures also participating in the round. Adverity’s mission is to transform marketing performance through intelligent data-driven insights. The Vienna-born business – with offices in London and New York – has seen a […]
Saudi Aramco seeks to raise at least $17 billion from gas pipeline
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, Reuters reported on Monday quoting unnamed sources. Potential bidders including North American private equity and infrastructure funds, as well as state-backed funds […]
SoftBank-backed sports retailer Fanatics valued at $18 billion in capital raise
Fanatics, the world’s biggest licensed sports merchandise retailer, has raised $325 million from new and existing investors in a funding round that valued the company at $18 billion, a person familiar with the matter said on Tuesday. Current backers SoftBank and Silver Lake, as well as new investors such as Jay Z, participated in the […]
Cloud protection firm OwnBackup nears $3.35 billion valuation
U.S.-Israeli cloud data protection firm OwnBackup said on Tuesday it raised $240 million in a late-stage funding round to bring its valuation to near $3.35 billion. The round was co-led by Alkeon Capital and B Capital Group, and included a secondary investment in the company by BlackRock Private Equity Partners and Tiger Global. Existing investors Insight […]
