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KitaBeli, a consumer goods (FMCG) social commerce platform for consumers in Indonesia’s second-and third-tier cities, has closed a $20 million funding round led by Glade Brook Capital Partners (Glade Brook), a global growth equity investment firm.
KitaBeli’s existing investors, AC Ventures and GoVentures joined the round, along with new investor InnoVen Capital.
KitaBeli allows users and partners (Mitras) to get discounts and earn money by leveraging their social networks. The app allows consumers to enjoy discounted prices through a gamified and social shopping experience. Unlike some other shopping apps, KitaBeli runs a direct-to-consumer social commerce business model that offers
Future Capital, a learning and opportunity platform that helps new and aspiring investors break into the technology and innovation industry, is teaming up with BDC Capital to launch a second Women in Technology Series in Summer 2022.
The collaboration aims to activate a new pipeline of women angel investors and diversify the ecosystem that supports tech founders. The series will include six cohorts of the Foundations in Startup Investing program, the company’s flagship course designed for underrepresented angel investors. The program includes 8 hours of hands-on coursework, full access to Future Capital’s investor studio, 1-on-1 coaching, culminating in a live,
Foresight Group (Foresight), a listed infrastructure and private equity investment manager, has sold e.fundamentals to CommercelQ, realising a 2.5x return.
The sale follows Foresight’s acquisition of the VCT and EIS technology ventures division of Downing. In 2017, Downing was the first institutional investor in e.fundamentals and has continued to support the business over the last five years.
Founded in 2014, e.fundamentals has developed a digital shelf analytics tool that is sold to international consumer brands to allow them to understand how their products are performing when being sold through third party e-commerce platforms, eg Amazon and Tesco.com. The technology provides
Evercore has appointed Jason Fournier as a senior managing director in the firm’s Equity Capital Markets (ECM) practice. Fournier is based in Menlo Park, California and will lead and expand Evercore’s Consumer & Retail ECM business.
Fournier joins from JPMorgan, where he previously led the Consumer & Retail ECM practice, and served in senior roles in Technology ECM, Equity Private Placements and Technology & Disruptive Consumer Commercial Banking. Over his twenty-year career, he has focused on structuring and marketing IPOs, follow-ons, convertibles and private placements, working with emerging high-growth companies as well as well-established incumbents.
Fournier holds a BS in
Eurazeo has exceeded its fundraising target for the Eurazeo PME IV Fund by attracting more than €1 billion, 50% more than its previous fund.
Since 2006, the small-mid buyout strategy’s assets under management have grown from €50 million to more than €1 billion. In 2011, these investments were financed solely by Eurazeo’s balance sheet, but now more than 60% of assets come from institutional and private investors, as opposed to 38% for the predecessor fund.
Partner-investors include top-tier institutional investors – asset managers, sovereign funds and insurance companies – and family offices originating in France (64%), other European countries
B Capital, a global multi-stage investment firm, has closed Ascent Fund II (Ascent II), its first dedicated early-stage fund, with $250 million capital commitments.
Ascent II will invest in pre-seed through series A rounds globally, with an emphasis on the US and Asia.
The Ascent team was founded by Chair and General Partner Howard Morgan, firm Co-Founder and Managing Partner Eduardo Saverin, General Partners Gabe Greenbaum and Karen Page, and Partner Karan Mohla. Leveraging their decades of experience as active partners of early-stage companies, they target founders leading the next wave of innovation across digital healthcare, enterprise software, fintech and
Arrow Global, a European investor and alternative asset manager in credit and real estate, has opened a new office in Luxembourg City.
In conjunction with Arrow’s ACO 1 Fund vehicle, which is already located within Luxembourg, the opening of this local office will allow the group to deliver optimum infrastructure to this and future investment vehicles. This is supported by Luxembourg’s position as an economic and trading centre of global importance with a strong network of specialist service providers.
The new office will initially be made up of a Fund Treasury team with Arrow keen to build a multi-disciplinary
AM Ventures has closed to oversubscribed seed and early-growth fund at its hard cap of EUR100 million.
Besides multi-million investments from well-established family offices, asset managers, SMEs and multinational corporations, startup founders who have already been supported by AM Ventures also join the strong investor lineup.
AM Ventures manages a seed portfolio of 17 companies in six countries on three continents. In 2021 alone, the venture capitalist not only led three investment rounds in Germany-based companies MetShape and Headmade Materials as well as Switzerland-based Scrona, but also participated in four follow-on financing rounds with existing portfolio companies, including a $50
Actis, a global investor in sustainable infrastructure, has launched Rezolv Energy (Rezolv), an independent clean energy power producer focused on Central and South Eastern Europe.
Rezolv, the latest investment from Actis’ Energy 5 Fund, which represents $6 billion of investable capital, will provide subsidy-free clean energy at a long-term, stable price for commercial and industrial users, and other off-takers, operating across the region. This will include supermarkets, breweries, telecoms and other large businesses.
Rezolv aims to build a multi-gigawatt portfolio of wind, solar and energy storage. This will help companies and countries across the region meet their energy needs in
A fund managed by BlackRock Real Assets has acquired Vanguard Renewables, a US specialist in organics-to-renewable energy, from Vision Ridge Partners.
BlackRock Real Assets will partner with Vanguard Renewables’ management team to build upon the company’s market-leading track record and drive its next phase of growth, including its plans to commission more than 100 anaerobic digesters to produce renewable natural gas across the country by 2026.
Since its founding by John Hanselman and Kevin Chase in 2014, Vanguard Renewables has been changing the perception of US food waste and how that waste can be recycled into renewable energy to benefit
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