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Eversight, a provider of cloud-based software, has received USD9.7 million in its Series A round of funding from Emergence Capital Partners, an enterprise cloud venture capital firm.
Eversight is using the funding to scale its engineering, sales and marketing, and service and support teams to drive innovation and growth, and continue to deliver value to its customers, which include multiple top consumer package goods (CPG) companies such as Unilever and BIC.
Operating in stealth mode for nearly 18 months as Promolytics, Eversight released its Software-as-a-Service solution in January 2014. Enabled by recent advances in predictive analytics, cloud, and big
Private equity firm Keensight Capital has completed the final closing of its new fund, Keensight IV, for EUR250 million.
Jean-Michel Beghin, managing partner at Keensight Capital, says: “The fact that Keensight IV reached its hard cap in less than six months and was significantly oversubscribed, demonstrates the relevance and attractiveness of our investment strategy based on creating value through the strong growth of profitable European companies. We are proud of the continued confidence of our historical investors, such as the Rothschild group, Bpifrance, the Banque Cantonale de Genève, and the EIF, while also welcoming around ten new European investors, including
Venture capital firm Target Partners has appointed Dr Marc Gumpinger as a venture partner.
Gumpinger, a successful serial entrepreneur, will support founders of new businesses with his experience and contacts.
As a founder and CEO, Gumpinger himself previously received financing from Target Partners. He developed the mobile social gaming platform Scoreloop into a global market leader. Gumpinger's sale of the company to RIM (BlackBerry) in 2011 was one of the most successful exits of a German tech start-up in recent years.
"Marc is an experienced and successful serial entrepreneur who knows the scene very well, both as a
Technology investor Mercia Fund Management has made a GBP200,000 investment in Edge Case Game, the team behind the space flight combat game Strike Suit Zero.
Formed by two industry veterans, James Brooksby and Chris Mehers, and supported by a creative team based in Guildford, Edge Case Games is moving to the free to play games as a service model, focusing on the core PC gamer audience.
Mehers says: “These funds will be used to expand the development team, and create the right launch platform for our first free to play game.
“We chose Mercia as our funding partner
Investment banking boutique Zeus Capital has appointed Adam Pollock and Michael Allen.
Pollock joins as head of corporate broking from Panmure Gordon, where he held the same role for the last seven years. He has 30 years of corporate finance and broking experience in the UK equity markets and has been involved in over 300 equity fund raisings during his career.
Allen joins Zeus as a research director. He previously worked as an executive director at Panmure Gordon and was one of the founding members of the firm’s Liverpool office. During his seven years at Panmure, he was heavily involved
Five Continents Financial Limited, a Cayman Islands-based asset management and corporate services company, has launched its governance services offering, which will be headed by former Deloitte partner Glen Wigney.
Wigney has over 30 years of experience with Deloitte in Canada, Cayman, and most recently, the US.
“Fund investors and investment managers are demanding enhanced fund governance with independent professional judgment applied in a business-like manner,” he says. “I believe that when my experience is combined with the asset management, corporate and legal expertise of the founding partners of Five Continents, our offering is differentiated in the marketplace and is
Quantum Capital Partners, founded by turnaround specialist Steffen Görig, has held a first and final close for its inaugural private equity fund after less than nine months of fundraising.
The limited partners of the oversubscribed EUR55 million Quantum Opportunity Fund are a select group of US and European institutional investors. The Quantum team members have also made a significant personal commitment to the fund.
Based in Munich, Quantum Capital Partners invests in underperforming companies in a broad spectrum of industries, offering turnaround finance as well as operational support. Managing its own capital since 2008, Quantum has built a strong
Investments by private equity (PE) firms in the European, Middle East and Africa (EMEA) region slowed in the second quarter of 2014 compared with the same period last year, according to S&P Capital IQ.
In the latest issue of its quarterly report, EMEA Private Equity Market Snapshot, S&P Capital IQ notes that firms based in EMEA made 1,157 new investments totalling EUR19.8bn in Q2 2014 – 30.7 per cent less than the EUR28.6bn deployed in Q2 2013.
EMEA general partners (GPs) also deployed less capital between January and August 2014, making 2,793 investments totalling EUR58.6bn compared to 3,007 new
UK peer-to-peer (P2P) lender RateSetter forged ahead in September, matching over GBP30m in loans.
The figure was the largest amount ever lent in a single month by any UK P2P lender, and continued a run of new record volumes for each of the last five months. This has helped RateSetter to secure the highest market share (19 per cent) of the platforms over the last three months.
Some GBP8m of this was in the first week of September alone. This compares with GBP7.4m lent in the first 12 months of operation.
Although P2P lending is a relatively recent
Dragon Capital Group, a Vietnam-based private equity fund management company, has made a partial exit from Vinamilk, the biggest dairy company in Vietnam.
Dragon Capital has realised part of the gains in its flagship holding with a 7x return.
“Vinamilk has performed exceptionally for both VEIL and VGF,” says VEIL portfolio manager Vu Huu Dien. “From an initial position of 10 per cent in both funds, Vinamilk has grew to over 33 per cent of VEIL and 40 per cent of VGF. Both funds have sold down several times, but Vinamik still accounts for over 15 per cent in
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