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Datorama has closed USD32 million in Series C funding led by Lightspeed Venture Partners.
Marker and Eric Schmidt's Innovation Endeavors also participated in the round.
This series brings Datorama's total funding to USD50 million.
Datorama will primarily use the new funding to accelerate the company's research and development in the artificial intelligence field, which will further elevate its machine learning capabilities. In addition, the company will continue to expand its global footprint and is in the process of recruiting and hiring people to further support its growth.
Datorama has onboarded thousands of brands, hundreds of agencies, publishers
African private equity specialist Development Partners International (DPI) has agreed to subscribe to a USD100 million capital increase through its ADP II Fund in Atlantic Business International (ABI).
ABI is the third largest banking entity in the West African Economic and Monetary Union and the second largest bank in Côte d’Ivoire in terms of deposits.
It has banking and insurance operations across Côte d’Ivoire, Senegal, Burkina Faso, Benin, Togo, Niger, Mali and Guinea Bissau.
Sofiane Lahmar, partner at DPI, says: “Our investment thesis is based on the opportunity to invest alongside a strong sponsor BCP in a leading,
Cleary Gottlieb Steen & Hamilton has elected Michael Gerstenzang as managing partner, effective 1 January 2017.
He will succeed managing partner Mark Leddy.
Gerstenzang is a leader in organising and advising private investment funds, including buyout funds, international funds, growth funds, special situations funds and other types of alternative asset investment vehicles.
He joined the firm’s New York office in 1992 and became a partner in 1999. From 1994 through 1996, he was resident in the Brussels office.
Gerstenzang’s work on behalf of prominent global alternative asset managers has been broadly recognised, and he has long been
Alkemics, a collaborative platform for retailers, has closed a Series B financing round of USD22 million led by Cathay Innovation and Serena Capital.
Index Ventures, Partech Ventures and SEB Alliance also participated in the financing following a Series A round of USD5.6 million in early 2015.
The latest round is one of the 10 largest in 2016 for the French technology sector. It will allow Alkemics to accelerate deployment of its platform internationally and strengthen its sales, marketing and technology resources as it continues to support customers in their digital transformation efforts.
Since its last fundraising round,
BNY Mellon has launched a project agent role to meet the needs of institutional investors and other transaction participants in the European Union (EU) and European Investment Bank (EIB) Project Bond Initiative.
A core objective of the initiative is to increase the share of private sector finance in infrastructure projects and limit public debt growth.
One of the potential solutions to fill the infrastructure finance gap is the involvement of institutional investors such as asset managers, insurance companies and pension funds, according to an audit of the initiative published earlier this year.
The key attraction for this investor
NewAlpha’s French fintech venture capital fund has made a EUR2.5 million investment in French P2P SME lender Unilend.
Unilend lets borrowers access a new form of simple, direct and unsecured funding via loans granted by individual and institutional investors.
In so doing, investors can diversify their investment portfolio by lending directly to SMEs and help to finance the economy.
Thanks to a community of 10,600 active lenders in France, which exceeds that of all other platforms combined, Unilend has made it possible to fund more than 270 French SMEs across all economic sectors, within less than three years.
Jean-Philippe Barade has been appointed as partner and head of the London office of consumer-focused private equity firm L Catterton with immediate effect.
Barade brings more than 15 years of experience in private equity with a focus on consumer and retail.
Most recently, he served as co-founding partner of B&B Investment Partners, a London-based investment fund sponsored by Walgreens Boots Alliance, focusing on growth investment opportunities in the consumer and healthcare sectors.
Before B&B, he spent five years at Morgan Stanley Private Equity as a managing director and partner, serving on the Morgan Stanley Capital Partners V Investment
European private equity investor Idinvest Partners has held the first close of its Secondary Fund III (ISF III) at its initial target of EUR350 million.
ISF III will follow its predecessor fund by focusing on mature secondary transactions in the European small and mid-market.
ISF III has already completed its first secondary transaction and Idinvest Partners is targeting a final close of EUR400 million for ISF III during the remainder of 2016.
The fund's 2014-vintage predecessor, ISF II, closed at EUR228 million and is now fully invested across 17 secondary transactions.
Christophe Bavière, CEO of Idinvest Partners, says: “We are very grateful
Dentons has advised the shareholders of Gravity Media Group, the owner of worldwide broadcast services specialist Gearhouse Broadcast, on a substantial investment by investment management firm TowerBrook Capital Partners.
The funds invested by TowerBrook will be used for future acquisitions by Gravity Media and to provide a cash return to the existing shareholders.
Nicholas Plant, private equity partner at Dentons, says: "With this investment into the business by TowerBrook, Gravity Media will be in a strong position to fulfil its strategy of bringing additional skills, expertise and services into the group through acquisitions, as well as ensuring value is
Granting Guernsey a “third country” passport under the Alternative Investment Fund Managers Directive (AIFMD) would lead to increased investment in European infrastructure projects, research by the island’s financial services regulator has found.
The Guernsey Financial Services Commission (GFSC) undertook a survey of Guernsey fund administration companies in response to a request from the European Securities and Markets Authority (ESMA), to understand the potential impact of extending an EU AIFMD passport to Guernsey.
ESMA’s request, which was made before it published its non-EU AIFMD passport review findings, asked specifically for an evaluation of the “expected inflow of funds by size
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