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Alternative investment firm Summit Partners has promoted eight professionals across the firm’s global platform.
Chief Investor Relations Officer David Schiller has been promoted to Managing Director, while On Summit’s growth equity and venture capital teams, Luke Parsons and Steven Twomey have been promoted to Principal; Luke Nowicki has been promoted to Vice President; and Irina Müller has been promoted to Senior Associate.
On Summit’s public equities team, Ryan Grimshaw and Chase Woodsum have been promoted to Senior Portfolio Analyst, and Max Rich has been promoted to Portfolio Analyst.
Shopware AG (Shopware), a digital commerce software solutions provider in the DACH region, has raised USD100 million in growth capital from global investment firm, Carlyle (NASDAQ: CG), and PayPal (NASDAQ: PYPL), the global payments and commerce platform.
Founders Sebastian and Stefan Hamann will retain a significant majority stake in the business and remain co-CEOs of the company. Carlyle and PayPal’s growth capital will help drive Shopware’s international expansion and the development of new products.
Equity for the transaction will be provided by Carlyle Europe Technology Partners (CETP) IV, a EUR1.35 billion fund that invests in small and mid-market technology-focused
OceanSound Partners (OceanSound), a growth-oriented private equity firm that invests in technology and technology-enabled services has held the final close of its inaugural fund, OceanSound Partners Fund, with USD780 million in total capital commitments.
The fund closed substantially above its target of USD550 million.
OceanSound received support from a diverse group of well-regarded limited partners, including leading pension plans, endowments and foundations, family offices, institutional consultants, asset management firms and insurance companies.
Based in New York, OceanSound focuses on investments in middle-market companies where its expertise at the intersection of government and enterprise end markets can drive strong growth and
The Ontario Bioscience Innovation Organization (OBIO), a membership-based not-for-profit organisation, is set to bring investors from around the world to its annual OBIO Investment Summit (OIS) and Early Technology Showcase (ETS), which showcases Canada’s leading innovations in health sciences, including biotech and medtech.
According to OBIO’s analysis, the registered investors have approximately USD52 billion combined in unallocated and available funds to invest during the summit.
The summit showcases investable companies, including the Early Technology Showcase, which this year, highlights 10 of Canada’s leading health research institutions presenting their latest breakthrough technologies, from mental health and cancer detection to AI and
NaaS, one of China’s leading new energy operations and technology providers, has successfully raised RMB500 million in Series A financing from Real Fund, CICC Capital, GSR United Capital, and Sino Pacific Capital.
Established in 2019, NaaS is China’s leading comprehensive EV charging service platform and is servicing China’s No1 fast charger network with over 175,000 fast chargers.
NaaS also offers hardware, software, and technology services and solutions to charger operators and works with all members of the EV charging value chain.
Modumetal, a provider of nanolamination coating technologies, has raised USD14 Million in Series A-2 funding led by Atlas Innovate and Rotor Capital.
Modumetal also added two independent members to its Board of Directors: Tushar Porwal, an automotive industry leader and current Head of Manufacturing for BrightDrop, GM’s brand of electric commercial vehicles; and Robert Workman, an oil and gas industry executive and current CEO and Director of PSS Industrial Group.
Modumetal will use the funding to further accelerate commercialisation of its oil and gas coating solutions, scale its operations, and expand its customer base in new key industries that include
Aleo, a leading platform for building private blockchain-based applications, has raised USD200 million in a Series B funding round led by Kora Management and SoftBank Vision Fund 2.
Tiger Global, Sea Capital, Slow Ventures, Samsung Next, and Andreessen Horowitz (a16z), also participated culminating in a valuation of the company at USD1.45 billion.
Following the company’s USD28 million Series A, which was led by a16z in April of 2021, Aleo’s Series B represents the largest fundraising round ever in the zero-knowledge industry.
Clyde Munro Dental Group has been given a further GBP25 million war chest for acquisitions – after getting the green light from its biggest backer for a new funding package.
Already Scotland’s biggest independent dental group, the firm will now embark on a period of further growth through acquisition, with the additional funding package from international banking and wealth management firm, Investec.
Since it was created in 2015, founder Jim Hall has steered Clyde Munro from seven practices to 54 across Scotland, with more than 200 dentists, 400 staff and 460,000 patients.
The funding package also includes an
HIG Capital (HIG) portfolio company, Concord USA (Concord), has acquired SwiftWIN Solutions (SwiftWIN).
Headquartered in the US with offshore development centres in India, SwiftWIN provides technology consulting and digital services, specialising in customer experience, ecommerce, digital marketing, data analytics, and cloud applications.
Technology has had a deep-seated impact on the way private equity investment operates. But as macro tech forces move at pace, PE firms should approach business technology in a holistic manner and focus on solutions related to cloud, risk and digital experience.
The main areas PE firms should, at least, be aware of are digital experience, cloud, risk, business technology, core modernisation, digital reality, cognitive and blockchain. And although momentum is building in each of these, George Ralph, Global Managing Director and CRO of, RFA believes some are worthy of greater attention as PE firms start to enhance their digital
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