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Genesis, an application development platform purpose-built for financial markets organisations, has secured USD200 million in a Series C financing round, led by Tiger Global Management.
Accel, GV (formerly Google Ventures), Illuminate Financial, Insight Partners, Salesforce Ventures and Tribeca Early Stage Partners also participated in the round.
The funding will be used to expand the Genesis platform, developer community and the company’s “buy-to-build” model.
Global investment firm The Carlyle Group has appointed Linda Hefner Filler, retired consumer goods and retail executive, and Mark S Ordan, Chief Executive Officer of Mednax, Inc, as independent directors to serve on its Board of Directors, effective 1 April, 2022.
Carlyle also announced the retirement of Janet Hill after a decade of service. With these appointments, Carlyle’s Board of Directors will comprise 13 members and will be majority independent.
Professional investors are forecasting dramatic expansion in the levels of investment in Africa by pension funds and large corporates over the next five years as major funds increasingly regard the continent as an attractive area to invest, new global research for blockchain-based mobile network operator World Mobile shows.
The study with professional investors –pension funds, private equity funds, investment bankers) responsible for around USD700 billion assets under management, found one in four are forecasting dramatic growth in institutional investment in the continent over the next five years with 46 per cent expecting some growth. Just 12 per cent expect a
Stronghold, a payments and financial infrastructure company, has launched Stronghold Capital to invest USD100 million in pioneering companies and funds across three core areas: overlooked and underrepresented founders and fund managers; the payments and fintech ecosystem; and the Web3 and blockchain ecosystem.
The creation of an investment arm follows the listing of Stronghold’s SHx token on KuCoin, a top-five global currency exchange.
Stronghold CEO and co-founder Tammy Camp will serve as fund manager for Stronghold Capital. She advanced growth in fintech and blockchain throughout her earlier roles as partner at 500 Startups, head of growth at Stellar Development Foundation, and
Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its investment in Mountain Mike’s Pizza (MMP) to an entity controlled by Chris Britt and Ed St Geme, the co-CEOs of the Company.
Mountain Mike’s Pizza is a leading franchisor of pizza restaurants with over 245 stores located in California, Oregon, Utah, Arizona, Idaho, and Nevada. The restaurants feature fresh, made-to-order pizzas served in a casual, family-friendly atmosphere. Mountain Mike’s was founded in 1978 and is headquartered in Newport Beach, CA.
Venture capital investment manager, Deepbridge Capital, is opening a new GBP1 million tranche of the Deepbridge Innovation SEIS fund.
The Deepbridge Innovation SEIS enables private investors to access a portfolio of early-stage companies within the UK’s vibrant tech sector, whilst benefiting from the generous potential tax reliefs available via the Government’s Seed Enterprise Investment Scheme.
Providing seed investment to emerging UK-based tech companies, the fund seeks to provide capital to companies with exciting new technologies that seek to satisfy the needs of large and growing markets.
The Seed Enterprise Investment Scheme is structured to provide eligible investors who are
HealthTech company Climedo has received EUR5 million in a seed financing round led by pan-European VC firm Nauta Capital.
Westtech Ventures from Berlin and existing business angels including as Prof Dr Christian Wallwiener (WMC Healthcare) also participated in the round.
Climedo is a digital platform for electronic data capture in decentralized clinical trials. The company will use the new capital for expanding within Europe and for further developing its software solutions.
For VC Nauta Capital, this is the fourth investment in the digital health sector.
Qumata, a specialist in tech solutions transforming the insurance industry ecosystem with a disruptive machine learning and artificial intelligence (ML/AI) underwriting solution, has extended its Series A round of funding to USD23 million.
A number of the firms participating in this round are extending their initial involvement with Qumata, including continued investment by MMC Ventures.
This extended funding announcement comes on the back of the firms signing an agreement recently with AIA Group Limited (1299.HK) to provide services across Asia. Qumata’s solutions support the acceleration of the digital transformation of the life and health insurance industry, with Asia being at
Fifth Wall, a venture capital firm focused on technologies for the global real estate industry, has closed the European Real Estate Technology Fund (European Fund) at EUR 140 million.
Like prior Fifth Wall funds, the European Fund attracted the largest owners and developers of real estate, including Aldar Properties, Azora Capital, BNP Paribas Real Estate, Conren Tramway, DAMAC Group, Gestilar, Inmobiliaria Colonial, Ivanhoé Cambridge, Knight Frank, MERLIN Properties, MOMENI Group, NEINVER, affiliates of Northwood Investors, Pecunia, PGIM Real Estate, Pontos Group, Redevco, SEGRO, and Tramway Capital.
The European Fund aims to accelerate European proptech innovation adoption, replicating the success of
Apex Group Ltd has been appointed to provide fund administration services to Adit Ventures’ new Irish Investment Limited Partnership (ILP) fund structure.
Apex is providing Fund Administration Services including fund accounting, investor services and audit assistance.
Adit Ventures is a venture capital investment firm with over 1,000 LPs, USD500 million in AuM, offices in California, Florida, and New York. Adit acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early employees and investors seeking liquidity.
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