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Grammarly, the company powering effective communication for over 30,000 teams and 30 million people daily, has announced over USD200 million in funding at a USD13 billion valuation from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others.
With this latest round, Grammarly will accelerate product innovation and team growth to transform how individuals and organisations around the world communicate.
“Grammarly’s latest funding round underscores the importance of our mission and the broad need for effective communication,” says Brad Hoover, CEO of Grammarly. “By enabling clear and confident communication, Grammarly’s platform helps people excel both personally
Goldfinch Partners, a private equity firm with approximately USD1 billion of equity invested in digital transformation transactions across industry verticals, has appointed William Abbott as Principal.
Abbott was most recently Director, Corporate Development, with Starbucks since 2016 working on over USD10 billion worth of closed investment transactions and forming a number of strategic partnerships. Prior to joining Starbucks, Abbott spent nearly four years as a Vice President in the Investment Banking division of JP Morgan, in New York. He holds a BA from Amherst College and an MBA from Columbia Business School.
Abbott will be based at Goldfinch’s Seattle headquarters.
Miva, a mid-market and enterprise ecommerce platform has secured a significant equity investment from Boston-based growth equity firm, Equality Asset Management. The company will continue to be led by CEO, Rick Wilson.
Financial terms of the deal have not been disclosed.
“Emerging from the pandemic, the ecommerce industry is well positioned for growth as more merchants diversify their revenue sources and reevaluate customer engagement online,” says Rick Wilson, CEO of Miva. “As we double down on the things that continue to differentiate us in the market and focus on our growth, we are thrilled to partner with Equality Asset
Custom Solar, which specialises in the design, development, installation, and maintenance of commercial rooftop solar systems throughout the UK, has secured GBP4.8 million in new lending from Virgin Money to accelerate its growth ambitions.
Based in Chesterfield, the business is behind the largest rooftop commercial installation in the country, fitting 21,000 solar panels at the Port of Hull, which will reduce carbon emissions by approximately 1,400 tonnes every year.
The success of this and other projects has opened up further growth opportunities and with financial support from Virgin Money, it’s giving the business flexibility to target bigger designs and
Middle-market private equity sponsor Clearview Capital has promoted William F Case, Jr and Matthew W Blevins to Managing Partners of the firm.
They will also serve as members of Clearview’s Management Committee alongside founders James G Andersen and Calvin Neider.
In their new roles, Case and Blevins will be involved in all strategic decision-making and in managing the firm’s day-to-day operations while continuing to lead new investment opportunities.
“Cal and I are immensely proud of what the Clearview team has built over the past 22 years,” says Andersen. “From the outset, our goal has been to create an
International private equity firm, Cinven, is to make a significant investment in technology services provider Nitel. Financial details of the transaction have not been disclosed.
Headquartered in Chicago, Illinois, Nitel is a provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises (SMEs). The Company has a robust portfolio of communications solutions and a modern platform which delivers reliable, high-performance services to its customers.
In addition to its managed access offering and interconnect services, the Company also provides high-quality Software Defined Wide Area Network (SD-WAN) solutions and associated managed cybersecurity offerings that simultaneously improve application
Bessemer Investors LLC (Bessemer), a New York-based investment firm, is to make a significant investment in Tencarva, a distributor of flow control and process equipment solutions and services to the industrial and municipal end-markets.
Bessemer will partner with Tencarva’s existing management team, including President Ed Pearce, who will continue leading the Company, to support the Company’s growth. Financial terms of the transaction were not disclosed.
Pearce says: “We are very pleased to have established this partnership with Bessemer and are confident that they are a great steward to retain our culture and lead our business into the future. Bessemer
AIV Capital has invested in alternative food business, Eat Just Inc, a provider of plant-based alternatives to conventionally-produced egg products.
TMF Group, a professional and financial services firm, has become a signatory of the UN-supported PRI – Principles in Responsible Investment – enhancing its ethical status and desire to promote responsible investment.
The appointment follows hot on the heels of the company’s EcoVadis Silver Medal rating in July 2021, which puts TMF Group in the top 10 per cent in its sector globally, reflecting its impressive leadership role when it comes to good governance.
The PRI is an independent initiative and the world’s leading proponent of responsible investment. Supported by the UN, it encourages investors and service providers to act
Digital payments company Pomelo Pay (Pomelo) has raised USD10 million in a Series A round led by UK-based independent investment firm Inference Partners.
The investment will allow the company to expand its presence across global markets including Europe and Asia, starting with plans to double their workforce in London, Singapore, Vietnam, Thailand and the Philippines.
Launched in 2018 in UK and Singapore, Pomelo allows merchants to digitise their payment infrastructure and take payments from anyone, in any location (physical or digital), at near zero costs. The company provides an integration with over 30 payment networks globally. Its payments platform
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