SG-based PE firm Novo Tellus raises $250m for second SE Asia fund
Novo Tellus, a Singapore-based private equity firm that focuses on mid-market technology and industrials sectors of Southeast Asia, has reached the final close of Novo Tellus PE Fund 2 at $250 million. According to a statement from FIRSTavenue the global placement agent in the fundraise, the PE fund was 43% above the fundraising target and […]
Eurazeo: supports 50 of the French Tech Next 40/120 companies
Eurazeo has had its status as the leading provider of funding to the French Tech industry confirmed following the French government’s announcement of the companies selected to take part in its Next40 and Tech120 programs in 2021. Eurazeo is delighted to share that, through its direct investments and the dedicated mandates it manages, it supports […]
Private equity fund takes majority stake in Kramer
Fortissimo Capital Fund, which has a track record of supporting growing technology companies, made the acquisition as Dr Joseph Kramer retires. Fortissimo Capital Fund, a leading private equity fund based in Israel, has acquired a majority interest in Kramer Electronics, as Dr Joseph Kramer, an entrepreneur and a founder of the company, retires. Michael and […]
Luxembourg and Cote d’Ivoire to invest in African tech impact fund
The Governments of Luxembourg and Cote d’Ivoire will invest a total of EUR10 million into Bamboo Capital Partners’s BLOC Smart Africa, a technology impact fund with a target of EUR100 million. The move follows Cote d’Ivoire’s previous intention to commit EUR5 million to the fund, announced at the UN’s High-Level Political Forum in July last […]
ELSA closes USD15m Series B round
ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve their English speaking skills and pronunciation, has closed Series B round of USD15 million in new capital. This round was co-led by VI (Vietnam Investments) Group and SIG. Previous investors Gradient Ventures, Google’s AI-focused venture fund, SOSV, and […]
Tech and media sector ready to power M&A bounce-back in 2021
Sector-specialist M&A advisory firm Ciesco has reported global resilience in the tech, digital, media and marketing sectors in the face of the Covid crisis. Ciesco tracked global M&A activity in these sectors, reporting 1,091 M&A transactions in 2020, with announced deal values of USD55.9 billion. This value excluded the one mega-deal of the year (defined […]
BGF completes multi-million pound investment in tech scale-up Cirrus
BGF, the UK’s most active investor in growth economy businesses, has completed a multi-million pound investment in Cirrus, an award-winning provider of omnichannel cloud contact centre solutions. Founded in 2013 by Jason Roos, Cirrus’ software is used by private and public sector organisations looking to digitalise their customer service operations. The business has seen continued […]
Indian electronics and lifestyle startup “Boat” raises $100 million from Warburg Pincus
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story to date in the world’s second-largest internet market. An affiliate of Warburg Pincus, a New York-headquartered private equity firm, financed the entire Series B round for the four-year-old […]
Tesla short sellers lost massive $38 billion in 2020 as stock surged to new heights
Bears got severely burned with Tesla shares up 730 per cent this year Tesla Inc. short sellers lost billions more on the electric-vehicle maker than any other company in 2020, as bears got severely burned by the stock’s surge to new highs. With shares up 730 per cent, Tesla bears have seen more than $38 […]
From Tech to Tesla, Stocks Get $14 Trillion Boost in Covid Year
In a historic year that marked a rapid plunge into bear market territory and a swift recovery into the bull zone, high-flying technology stocks and electric-vehicle pioneer Tesla Inc. were standout trades. The S&P 500 Index went from peak to trough to peak again within 175 days as investors initially shunned most stocks in response to Covid-19 lockdowns and […]
