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US banking app Dave has secured a USD100 million credit facility from global alternative investment firm Victory Park Capital (VPC). The funding will support the growth of Dave’s banking product and accelerate the company’s expansion into new products and features.
In 2020, Dave rolled out Dave Banking, a spending account and debit card with no monthly fees. Launched in 2017 as a way to help avoid overdraft fees, Dave has grown into the third most valuable challenger banking app in the United States and was named the 26th most disruptive private company in the world. VPC’s partnership with Dave began
SESAMm, a provider of analytics and artificial intelligence solutions for investment professionals and enterprises, has concluded a Series B funding round for over EUR7.5 million led by the Fintech VC fund of NewAlpha Asset Management and global investment firm The Carlyle Group.
The investment is intended to accelerate SESAMm’s global growth, allowing it to acquire talent and expand operations in Europe, Asia and North America. Plans for the funding also include developing AI-enabled research tools and dashboards for corporate customers, as well as continuing R&D investment in its Machine Learning and Natural Language Processing tools.
SESAMm will also extend its
CybSafe, a behavioural security platform aimed at helping organisations manage human cyber risk, has closed a GBP5.6 million (USD7.9 million) Series A1 round, led by deep tech investors, IQ Capital with participation from Hannover Digital Investments (HDI Group) and B8 Ventures.
The investment comes as a result of the company’s continued momentum, its pioneering use of data and behavioural science and growth of the market opportunity.
The investment round will be used to enhance go-to-market capability, deepen technology and research capability, and further disrupt the industry’s approach to managing human risk. CybSafe uses audit data from multiple systems (such
Copley Equity Partners (Copley Equity), a private equity firm and family office headquartered in Boston, Massachusetts has completed a growth investment in AeroMed Group (AeroMed) to facilitate the company’s acquisition of etaGLOBAL.
Terms of the transaction have not been disclosed.
AeroMed, based in Charlotte, NC, will utilise Copley’s investment to assist in the company’s strategy to build a market-leading supply chain solutions provider to the Aerospace and Defense industries. Copley’s funding supported AeroMed’s acquisition of etaGLOBAL, a Palestine, TX based distributor of class-c parts to customers operating in the Aerospace & Defense sectors. As part of the transaction, Copley Equity
Private markets investment management firm Hamilton Lane is to acquire the business of 361 Capital (361 Capital), a Denver-based boutique alternative asset management firm.
The acquisition aims to expand Hamilton Lane’s presence and capabilities in the US private wealth channel. The 361 Capital team, led by Chairman and CEO Tom Florence and President Josh Vail, will remain in Denver, CO, growing Hamilton Lane’s footprint to 18 locations around the world.
The deal is the latest development in Hamilton Lane’s expansion into the private wealth universe, following the recent launch of the Hamilton Lane Private Asset Fund (PAF), a closed-end management
The Apax Digital Fund (ADF), DTCP, and Summit Partners, have agreed to sell portfolio company Signavio, a specialist in the enterprise business process intelligence and process management space, to SAP.
The transaction is expected to close by Q2 2021, subject to approvals by antitrust authorities. Financial terms of the transaction have not been disclosed.
Founded in 2009, Signavio is a leading provider of SaaS-based business-process analysis and decision-management software that helps companies design, implement, analyse and manage complex processes, decisions and workflows. Signavio’s Business Process Intelligence Suite includes a centralised collaborative hub and three core product offerings: ‘Signavio Process
Producer, actor and investor Robert Downey Jr has launched ESG-focused FootPrint Coalition Ventures, a series of rolling venture capital funds focused on sustainable technology, while participating in World Economic Forum (WEF) Digital Davos Agenda on a High Level Panel.
FootPrint Coalition Ventures’ mission is to accelerate groundbreaking technologies that are addressing the world’s largest environmental challenges.
“Having spent the last 18 months in dialogue with scientists, engineers and technologists, I now have a firm grasp of the obvious: this global existential threat is not something that’s going to be solved by a smattering of elite mega-corporations. I think that
Returns from venture funds globally reached a record level in Q2 2020, despite the Covid-19 crisis, and remained high as the year progressed, according to eFront’s latest Quarterly Private Equity Performance report.
Up to the end of Q3, 2020 has been an exceptional year for venture capital performance, with funds globally recording an increase in aggregated multiple of invested capital (TVPI), rising from 1.58x in Q3 2019 to 1.63x in Q3 2020.
So far, it is difficult to find any impact of the Covid-19 pandemic on the performance of active VC funds. Their aggregated multiple of invested capital reached an
Blue Horizon, a pure play thematic impact investor in the alternative protein sector, has appointed Sedef Köktentürk as a Managing Partner & COO to join the executive team and lead on impact.
Köktentürk complements the management team of Blue Horizon and will be responsible for leading on impact, client solutions, operations and technology, initially focusing on the growth strategy. Köktentürk brings 20 years of capital markets experience from leading global investment firms including Generation Investment Management and Goldman Sachs. She started her career at PricewaterhouseCoopers in financial advisory and holds an MBA from the Columbia Business School in New York.
BGF backed 61 new companies in 2020 whilst continuing to actively support its portfolio. Total investment totals GBP384 million, which includes GBP262 million into new portfolio companies and GBP122 million into existing portfolio companies.
Notwithstanding the global pandemic and associated recession in the UK causing unprecedented uncertainty for business, BGF broke its investment levels from the previous year and continued to show leadership and support for the UK’s growth economy, backing one new company a week.
Stephen Welton, Executive Chairman at BGF, says: “2020 is a year we won’t forget in a hurry. Despite the economic uncertainty of the last
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