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Transferwise Hits $3.5B Valuation And Plots Us Expansion, Ipo

One of the largest fintechs in Europe has boosted its valuation following a secondary funding round from investors including BlackRock. "We will be further expanding in the US sooner rather than later," CFO Matt Briers told Business Insider. Now valued at $3.5 billion, the London-based fintech maintains its intention to one day go public. While an IPO is on the cards, "private markets are both strong and liquid for companies like us," he said. TransferWise today announced it had secured secondary funding worth $292 million, making it the fifth most valuable unicorn on the continent.
Read by 79% of LPs 13 minutes ago

Agtech Startup Agrilyst Is Now Artemis, Raises $8M Series A - Techcrunch

Artemis, the ag-tech startup formerly known as Agrilyst, today announced that it has raised an $8 million Series A funding round. The round was co-led by Astanor Ventures and Talis Capital, with participation from iSelect Fund and New York State's Empire State Development Fund. With this, the company, which won our 2015 Disrupt SF Battlefield [...]
Read by 39% of LPs 13 minutes ago

Moonfare Exceeds EUR100M Assets Under Management Mark

Moonfare, the fintech scale-up that allows individual investors to invest in private equity funds, h...: Moonfare, the fintech scale-up that allows individual investors to invest in private equity funds, has exceeded EUR100 million assets under management (AuM) with surging demand from individual investors and multi-family offices.
Read by 54% of LPs 13 minutes ago

Pggm To Increase Impact Investments Through Private Equity Funds | News

The asset manager has found that innovative companies are usually too small for direct investment to be suitable. : One of the big challenges we face, both in the financial world and in everyday life, is how to overcome our biases Technology is central to how we live our everyday lives in the world today - it has enabled us to be more connected, more productive and more informed than ever before One of the Netherlands' largest asset managers is turning to private equity funds to increase its exposure to small, innovative companies and broaden its impact investment policy.
Read by 43% of LPs 18 minutes ago

EUR5.9bn Dutch Green Bond Deemed 'expensive' | News

APG, PGGM, SPOV and Cardano were allocated EUR411m collectively, from a total of EUR5.9bn raised by the first AAA-rated sovereign green bond.
Read by 51% of LPs 18 minutes ago

Imrf Backs Blacktone's New Global Real Estate Debt Fund | News | Ipe Ra

Pension fund commits $100m to Real Estate Debt Strategies IV. : Illinois Municipal Retirement Fund (IMRF) is among investors in Blackstone's latest global real estate debt fund. The $40.7bn (EUR36.4bn) pension fund said it had committed $100m to Blackstone Real Estate Debt Strategies (BREDS) IV. It is not known how much capital Blackstone is seeking to raise for the fund, but it secured $4.5bn for its predecessor in 2016.
Read by 33% of LPs 18 minutes ago

Spend Management Startup Ivalua Hits Unicorn

Enterprise spend management technology firm Ivalua has announced $60 million in new funding, which boosts the company's valuation beyond $1 billion. Ivalua announced its newfound unicorn status in a press release on Tuesday (May 21), noting that Tiger Global Management and Ardian Growth led the equity round. Tiger Global Management is now a shareholder of [...]
Read by 50% of LPs 18 minutes ago

Abu Dhabi | Chrysler Building | Aby Rosen

Two months after the Chrysler Building was put up for sale in January, Aby Rosen, the flashy developer and co-founder of RFR Realty, emerged as the buyer behind a $151 million deal that surprised many seasoned real estate professionals. The building's seller, a secretive sovereign wealth fund known as the Abu Dhabi Investment Council (the Council), took an 80 percent discount on the $800 million investment it had made more than a decade earlier. The [...]
Read by 58% of LPs 18 minutes ago

Wild Earth Closes Series A With $11M From Veginvest, Bits X Bites, Vectr, P.o.v., And M Ventures

BERKELEY, Calif., May 22, 2019 /PRNewswire/ -- Wild Earth, Inc., a startup reinventing pet food with biotech, today announced it has closed its Series A with an investment of $11 million led by VegInvest, a venture capital firm supporting early-stage companies striving to replace the use...
Read by 42% of LPs 23 minutes ago

Goldman Sachs To Buy European Budget Hotel Chain

PAI Partners, a leading European private equity firm, confirmed it is in exclusive negotiations to sell B&B Hotels, which has 486 hotels in 12 countries.
Read by 35% of LPs 23 minutes ago

China Venture Capital Invests In Hong Kong Pet Insurance Startup - Nikkei Asian Review

SHANGHAI -- China's BitRock Capital led a recent round of fundraising for OneDegree, a Hong Kong-based online pet insurance company, tapping growth opportunities in the region as the territory accelerates financial innovation. The venture capital fund, along with Hong Kong government-owned Cyberport Fund and Taiwan's Cathay Venture, invested over $30 million in OneDegree in a series A financing round, the initial funding by venture capitals in startups.
Read by 38% of LPs