Scalable Capital raises more than $180m in Series E round
Scalable Capital, a fast growing neo-broker and one of Europe’s largest digital wealth managers, has raised more than $180 million (€150 million) in a Series E funding round led by by China’s leading technology company Tencent. This purely primary investment round brings the total capital raised to over $320 million (€260 million). Existing shareholders participated […]
Babylon goes public in the US and secures investment from Palantir
UK digital health provider Babylon has announced plans to become a public company following a $4.2bn (£2.9bn) merger. The company has entered into a definitive merger agreement with special purpose acquisition company Alkuri Global. US big data company Palantir has also taken a strategic stake in Babylon. Following the merger the combined company will operate […]
Moonfare targets €100m with second vintage of Buyout Portfolio
Moonfare, a digital investment platform for top-tier private markets funds, is launching a second vintage of its flagship Buyout Portfolio to build on the success of the portfolio franchise it launched in 2020. Moonfare Buyout Portfolio I, a core part of Moonfare’s efforts to put top private equity funds within reach of individual investors, closed […]
Innovative Molecules raises EUR20 million Series A equity financing round
Innovative Molecules, a German, Munich-based drug development company focused on developing next-generation treatments for Herpes simplex-induced diseases, has closed a EUR20 million Series A equity financing round led by LSP (Life Sciences Partners). The company will use the funds to advance its preclinical product candidate, IM-250, from the current late preclinical stage to a Phase […]
Israel-China medical fund to raise $300m for joint drug development ventures
The Guangzhou Sino-Israel Bio-industry Investment Fund (GIBF), which seeks to promote and invest in Chinese and Israeli joint ventures in the biomedical field, said Monday it is raising a second fund for a total of $300 million (2 billion yuan). The GIBF 2 fund has already closed $200 million, and plans to raise an additional […]
Phorest software raises €20m from US investment firm
Phorest has raised €20 million in funding from US investment firm Susquehanna Growth Equity (SGE). The company, which was founded by Ronan Perceval in 2003, will use the funding to increase the pace of its international expansion. Phorest, which offers management software for hair and beauty salons, has been growing at around 40 per cent annually. The €20 […]
Unicorn Capital Partners closes oversubscribed Fund IV at $450m hard cap
Unicorn Capital Partners (Unicorn), an Asian venture capital fund-of-funds manager, has completed fundraising for Unicorn Partners Fund IV, (Fund IV), which was oversubscribed and closed at its hard cap of $450 million. Similar to its predecessor funds, Fund IV will focus on fund and direct investment opportunities in technology and healthcare in China. The investor […]
Maven 11 Blockchain Venture Fund II raises EUR40m
Dutch blockchain investment fund Maven 11 Capital has raised €40 million which it will invest in start- and scale-ups creating innovative financial services and building Web 3.0. using blockchain technology. The new fund is a direct response to the explosive demand for investment in, and mentoring of, start-ups in decentralised finance, where cutting edge technology […]
Five Arrows Private Equity Programme just closed second multi-strategy private equity fund at €366m
Rothschild & Co has completed the fundraising for Five Arrows Private Equity Programme II (FAPEP II) with commitments totaling €366 million. This is the 17th fund raised above its expected target by Rothschild & Co’s Merchant Banking business over the last 10 years. This brings the total assets under management to €16 billion across four […]
VAM Funds partners with Foresight Capital Management to launch VAM Global Infrastructure Fund
VAM Funds (VAM), a Luxembourg SICAV fund management company, has partnered with Foresight Capital Management to launch the VAM Global Infrastructure Fund (GIF). FCM brings a strong track record in investment management, having generated consistent outperformance for Foresight’s Global Real Infrastructure Fund, which reached a Net Asset Value of GBP500 million within two years of […]
