PROfounders Capital and Calm/Storm Ventures have invested GBP1 million into sex therapy app Blueheart.
Technology & software solutions
Humanloop, a UCL spinout, has attracted investment from UCL’s Technology Fund (UCLTF). Based on the world-leading research of two notable academics at UCL’s AI Centre Humanloop is teaching AI to improve performance with 10 times less human training than existing systems.
The Untitled Ventures, a seed and pre-seed stage VC investor that focuses on breakthrough technologies from Eastern Europe, is raising a new fund which will invest in early growth stage tech companies in the CEE region.
The increasing need for transparency and efficiency across the private equity industry has led to higher investments into modern IT platforms on a large scale within manager firms. This development will help GPs reach their goals of generating better quality data, responding to investor requests and keeping up to date with regulatory norms.
Private equity managers are being driven along the curve of technology adoption by greater institutional investor interest in the asset class. Managers are having to re-fashion their approach to data to ensure they can meet their clients’ demands with ease and simplicity in a scalable manner.
As terrible as the Covid-19 crisis has been, it has forced private equity players to accelerate their adoption of technology to replace previous practices. This will likely be the impetus needed for full implementation across the industry.
Providing investors with a compelling digital experience is becoming a key component to the service private equity managers offer their clients. When looking to implement such service, managers need to be aware of specific dimensions which can help support their efforts to deploy this successfully for their benefit and that of their investors.
As private equity managers become more comfortable adopting technology, a measure of which has been accelerated by the Covid-19 crisis, their needs are also developing further. The increased adoption of public cloud services is leading to more data-warehousing which in turn results in more in-depth analysis of that data. However, as these firms progress along the technology adoption timeline, they must ensure their cybersecurity is air-tight.
The secondary market is on an upward trajectory. More institutional investors are looking to streamline their holdings and take an active approach to portfolio management. This, in conjunction with travel restrictions resulting from the Coronavirus pandemic, has led to investors becoming more comfortable with the concept of trusting an online platform.
Simply put, portfolio performance data is a GP’s most valuable asset. It is their record of achievement, their recipe for future success, and their best fundraising tool, all in one. That is why it is unfathomable that most GPs are still relying solely on spreadsheets, 30+ year-old software, as their primary tool for collecting, managing, and analysing their performance data.