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DEALS
Acrew Capital and Mubadala Capital have invested USD29.5 million in a Series A financing round for San Francisco-based health and wellness platform Paceline, which rewards its users for exercising with financial incentives.
The round was led by Acrew Capital, with participation from Mubadala Capital along with existing investors, and the firms will aim to guide the platform’s expansion and support scale amid growing consumer demand, according to the company.
Fitness-technology app Paceline will specifically use the fresh capital to build out its team as the company expands their rewards program, and intends to extend the rollout of a full embedded financial platform later this
DEALS
Quantela, a specialist in IoT-enabled smart cities and urban infrastructure digitalisation, has closed approximately USD40 million in growth capital for new Outcomes-as-a-Service projects and acquisitions from Digital Alpha, a leading digital infrastructure investment firm.
VENTURE CAPITAL
Vienna-based Ed-Tech scale-up GoStudent, which provides one-to-one video-based online tutoring, has hit unicorn status less than 2.5 years after finding its current business model, following a successful Series C funding round of EUR205 million.
FUNDRAISING
LGT Capital Partners has held the final close of Crown Secondaries Special Opportunities II (CSSO II), its second dedicated direct secondaries fund, with total subscriptions of USD1.57 billion.
SPECIAL REPORT
The growing appetite for private capital on behalf of investors has led to an increasingly competitive environment. Therefore, managers, especially startups, need to be at the top of their game to fight for those deals.
“Every manager I speak to is both excited and anxious at the same time. There are many good deals available but there are also many other managers going after those same deals,” explains George Teixeira (pictured), partner and leader of Anchin’s Private Equity Group.
He notes a rise in competitive spirit is also causing a growing complexity in the deals themselves. Given managers are intent
SPECIAL REPORT
By A Paris – Despite any headwinds caused by the pandemic, the private equity industry has remained strong, with investor demand and planned allocations continuing to grow. However, with high levels of dry powder and increasing regulator scrutiny, startup private equity funds have much to contend with.
“There is currently more money available in private equity. The among of dry powder has exploded and is the highest it’s been in 10 years,” remarks Alain Kinsch, co-chairman of the Association of the Luxembourg Fund Industry (ALFI) Private Equity Committee and Vice-President of the Luxembourg Private Equity and Venture Capital Association.
According to Hugh MacArthur, Partner, Bain
INTERVIEW
Last week London-based Balderton Capital, which is now actively deploying over USD1 billion in some of Europe’s most prolific breakout companies, announced the launch of a new tech growth fund – their largest in Europe to date. PEW caught up with partner Rana Yared who will manage the fund together with Balderton’s managing partner Bernard Liautaud and general partner David Thévenon.
PODCAST
In this podcast, Private Equity Wire chats with Jack Knellinger, co-founder & partner of Capria Ventures and Ik Kanu, one of the founding partners of Atlantica Ventures, about the rise of VC investments in Africa, where the startup ecosystem remained largely robust throughout 2020, with over 300 equity rounds raised totalling USD1.429 billion, as recorded by Partech’s VC data for the year.
NEWS
Build-to-rent and PBSA investor Amro Partners has launched a venture capital arm in order to invest in proptech and fintech start-ups that are looking to solve pain points in property deal processes.
Amro’s first investment is in the residential property transaction platform Coadjute, which digitally connects buyers, sellers and professional parties on a single network.
Using blockchain technology, Coadjute is an open network which seeks to allow all parties involved in a property transaction to share information and documents through their existing software, cut costs, reduce the risk of fall-throughs and speed up the process of buying and selling homes.
Following three pilots, Coadjute will use this
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GUEST ARTICLE
Healthcare drivers that private equity should be aware of
GUEST ARTICLE
Healthcare drivers that private equity should be aware of