MENA start-ups attract $1 billion during 2020, despite coronavirus
UAE start-ups attract investment locally and from abroad during the Covid-19 pandemic, but some struggle Venture capitalists poured $1 billion into regional start-ups last year, signaling high investor confidence, despite the global coronavirus pandemic, a report published by Magnitt said. The coronavirus pandemic has wreaked havoc on international markets, leaving start-up markets in some regions […]
Torii raises $10 million Series A funding to automate software management in the enterprise
Series A funding led by Wing Venture Capital brings the total raised to $15 million Torii, the enterprise Software-as-a-Service (SaaS) management company, today announces that it has closed a $10 million Series A financing round to automate software management in the enterprise. The financing was led by Wing Venture Capital together with the company’s existing […]
Ant investor Boyu Capital targets $6 billion for new private equity fund
Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion, three people with knowledge of the matter said. Its fifth and largest U.S. dollar-denominated fund is likely to close in the near term, said one […]
Blackstone Seeks About $15 Billion for New Secondaries Funds
Blackstone Group Inc. is seeking to raise about $15 billion for two new investment funds in the fast-growing private equity secondaries market. Blackstone Strategic Partners, a $38 billion unit focused on investing in existing private equity portfolios, aims to raise $12 billion to $13 billion for a ninth flagship fund, which would be its biggest […]
Smart home tech firm Plume raises $270 million, now valued at $1.35 billion
Plume, a technology firm that helps improve home WiFi and internet security as everything from coffee machines to door bells go online, said on Tuesday it had raised $270 million from private equity firm Insight Partners, valuing the company at $1.35 billion. Plume’s technology is in over 22 million households around the world, and the […]
Investcorp portfolio company Ageras raises USD73m in new capital
Investcorp Technology Partners’ portfolio company, Ageras Group (Ageras), a provider of recurring revenue-driven accountancy software, solutions and services to both SMEs and accountancy firms, has raised USD73 million from Lugard Road Capital, the US-based alternative asset manager The new investment will be used to accelerate Ageras’ expansion into existing growth markets, creating potential for both […]
Elon Musk’s SpaceX Raises $850 million in Private Funding
SpaceX, the space exploration and satellite company owned by Elon Musk, raised $850 million in private equity funding this week, boosting the company’s valuation by more than half, CNBC reports. This brings SpaceX’s valuation to $74 billion, a 60% increase from its valuation after its lasting funding round in August. CNBC sources familiar with the […]
Exclusive: S.African upstart bank teams up with JG Summit to expand into Philippines
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters. Tyme, majority-owned by South African billionaire Patrice Motsepe, will use most of the money, mainly […]
Creatio raises USD68m in round led by Volition Capital
Creatio, a global software company that provides a low-code platform for process management and CRM, has completed a USD68 million capital raise led by Volition Capital, a US-based growth equity firm investing in high growth companies, with participation from Horizon Capital, a private equity firm investing in Europe The funding is a minority investment to […]
Louis Vuitton owner backed PE firm L Catterton launches $250 mln SPAC
L Catterton, a private equity firm founded by Louis Vuitton owner LVMH and French billionaire Bernard Arnault, has launched a blank-check firm that aims to raise about $250 million in an initial public offering, a regulatory filing showed. Founded in 1989, L Catterton has $22 billion in assets under management and has invested in companies […]
