Private Equity’s Taste for Tech Sparks Record $80 Billion Spree
Private equity firms are barrelling through the records as they place bets on technological revolutions in sectors ranging from finance to health care. Firms have spent $80 billion acquiring companies in the global technology sector this year, according to data compiled by Bloomberg. That’s an all-time high for a quarter and already up 141% on […]
Tradeshift Gets $2.7 Billion Valuation in Pre-IPO Fundraise
Tradeshift Holdings Inc., a payment-technology startup, has raised $200 million in new financing that values the firm at around $2.7 billion. The San Francisco-based firm has secured a commitment from firms led by West River Group, according to people familiar with the matter. The financing is via a convertible note which converts into equity in […]
Providence leads race to buy £300m IT group Node4
The buyout giant Providence Equity Partners is leading a £300m race to buy Node4, one of Britain’s army of fast-growing IT services providers, in a deal that will net another big windfall for its founder. It would be the latest in a series of so-called pass-the-parcel deals involving assets being sold by one buyout firm […]
Carlyle to invest US$200 million in Kakao Mobility
Global investment firm The Carlyle Group, through its Carlyle Asia Partners V fund, has agreed to invest US$200 million in Kakao Mobility, the largest mobility-as-a-service (MaaS) platform in South Korea. The company was launched in 2015 as a business unit of Kakao Corp, an integrated mobile lifestyle platform company, and spun off in 2017. It […]
IW Capital leads GBP2.9m growth equity investment in Ubamarket LTD
IW Capital has completed an oversubscribed GBP800k investment in the latest round of a GBP2.9 million raise for Ubamarket LTD. Ubamarket LTD – founded in 2016 – is a pioneer of ‘Scan Pay Go’ technology, offering solutions to providing the fastest ‘in and out’ visit to supermarkets, through features such as aisle sat-nav, automated lists, […]
NYMBUS raises $53 mn in Series C funding led by Insight Partners
Nymbus, a leading provider of banking technology solutions, has announced raising $53 mn in Series C funding led by existing investor Insight Partners. The FinTech is planning to leverage the finance to empower FIs with expanded access to its unique GROW model, which creates new digital revenue streams for banks and credit unions. The new […]
$73B Private Equity Firm Announces Miami Office To Tap Into Region’s Growing Tech Community
Miami has landed another big investment company – and its billionaire founder has purchased a home here. Thoma Bravo, a private equity firm with more than $73 billion in assets under management, announced it is opening an office here in the second half of 2021. The company said it hopes to tap into Miami’s “rich […]
Softbank will invest $100 million to make Miami a new tech hub
Softbank Capital, the Japanese multinational conglomerate, wants Miami to become a bigger player in the tech ecosystem and it’s putting $100 million into the effort. On Thursday, Softbank Chief Operating Officer Marcelo Claure and Miami Mayor Francis Suarez announced a $100 million venture capital initiative to support Miami-based businesses and tech startups that are relocating […]
TCV closes record $4B fund to invest in High-Tech and e-commerce
The pandemic has spelled economic setbacks for many people and industries, but the capital swirling about the technology world continues to roar along. In the latest development, TCV — the storied venture capital firm behind the likes of Airbnb, Spotify, Peloton and Facebook — has closed a record $4 billion for its latest fund. This is not […]
TCV closes TCV XI at USD4bn
TCV has closed TCV XI, its largest fund to date at USD4 billion. TCV turned 25 in 2020. Over our first quarter-century, the firm has invested more than USD14 billion, guided 65 companies through IPOs and executed 64 strategic sales. “Over a quarter century, Netflix has gone from an outrageous idea to one of the […]
