Venture Capital – Tags Area http://tagsarea.com/ Sat, 17 Jul 2021 08:21:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://tagsarea.com/wp-content/uploads/2021/04/tags-area-icon-150x150.png Venture Capital – Tags Area http://tagsarea.com/ 32 32 Here is the performance of the Polish venture capital market in the second quarter of 2021: report https://tagsarea.com/here-is-the-performance-of-the-polish-venture-capital-market-in-the-second-quarter-of-2021-report/ https://tagsarea.com/here-is-the-performance-of-the-polish-venture-capital-market-in-the-second-quarter-of-2021-report/#respond Sat, 17 Jul 2021 07:00:00 +0000 https://tagsarea.com/here-is-the-performance-of-the-polish-venture-capital-market-in-the-second-quarter-of-2021-report/

The Polish venture capital market is accelerating! The market is maturing, the number of transactions is increasing and it is happening faster than ever, experts say.

Recently, PFR Ventures, together with Inovo Venture Partners, released the Q2 report summarizing transactions in the Polish venture capital (VC) market.

Future winners of the Hamburg Awards!

Recently, the winners of the Future Hamburg Award 2021 were announced.

Recently, the winners of the Future Hamburg Award 2021 were announced. Show less

Here are the 9 key points of the report!

Image credits: PFR Ventures / Inovo Venture Partners

# 1 Raised of 260 M € in H1 2021

According to the report, the value of the Polish venture capital market in the second quarter of 2021 reached 207 million euros. Concretely, 109 funds were invested in 108 companies, raising a total of 207 M €.

In the first half of 2021, Polish startups raised € 260 million, or 55% of the total value of investments over the whole of 2020.

# 2 T2 record

The biggest deal of Q2 2021 was the Uncapped mega-ride. The company raised € 66 million. Even without taking this into account, the second quarter of 2021 broke all records, the report says.

Other Polish companies raised € 141m. The previous record quarter was the fourth quarter of 2020, with a result of 94 million euros excluding outliers.

Image credits: PFR Ventures / Inovo Venture Partners

# 3 The biggest cash injection from international funds

The second quarter of 2021 is a quarter with a significant injection of liquidity from international funds. Compared to the first quarter of 2021, the average has more than doubled to reach € 1.2 million.

Aleksander Mokrzycki, Vice President of PFR Ventures, said: “In the first half of 2021, the VC market has already reached the level of the whole of 2019. It looks like the third quarter will be even stronger, which will allow us to continue another record and to exceed € 477 million in transaction value. We already have first signals on the next laps of significant value. “

Image credits: PFR Ventures / Inovo Venture Partners

# 4 Source of capital

34 percent of the funding was public-private capital and the share of international funds in the total value of transactions was 61 percent. At the same time, 87 of the 117 transactions were based on public-private capital. Polish venture capital funds participated in 96 fundraising rounds.

Image credits: PFR Ventures / Inovo Venture Partners

# 5 Foreign funds

Aware of the potential of the Polish market, many foreign funds have confirmed that they are increasingly interested in the Polish market in the second quarter of 2021. In particular, more than 40% of the capital provided during this quarter came exclusively from actors international.

# 6 Co-investment

In the last quarter, Polish venture capital funds, including Inovo, made 20 co-investments in Polish companies with international investors, and their value exceeded 60% of market value.

Image credits: PFR Ventures / Inovo Venture Partners

# 7 Increase in the number of transactions

The number of transactions compared to the previous quarter increased by more than 25% and compared to the second quarter of 2020 by more than 103%.

“Despite the increase in the number of transactions carried out by BRIdgeAlfa funds, from 33 in Q1 to 47 in Q2 2021, the number of which usually determined the median value at around € 0.2m, we recorded an increase to 0.3 M € ”, the report reads.

# 8 Value of the transaction

According to the report, the value of the transaction has also increased with every stage of business development.

Although the vast majority (around 88%) are still in pre-seed and seed cycles, even at this early stage companies are increasingly raising capital. The most important rounds more than doubled the average value of transactions (from € 0.6 million to € 1.2 million).

Image credits: PFR Ventures / Inovo Venture Partners

# 9 Poland on the EEC map

Poland is one of the largest markets in the EEC region. € 207 million invested in Q2 in Polish companies represents approx. 20 percent of the value of the EEC startup ecosystem.

Tomasz Swieboda, Partner at Inovo Venture Partners, says: “Polish technology companies are raising more capital and it is happening faster than ever before. Subsequent rounds are now closed in less than a year compared to the previous ones, and record holders do it in 4 to 8 months. A good example is Uncapped. In May, the company raised € 66m, just 8 months after the previous round. “# 6

These are the main CX errors

Let Webhelp help you avoid the most common pitfalls.Show more
Let Webhelp help you avoid the most common pitfalls. Show less

Source link

]]>
https://tagsarea.com/here-is-the-performance-of-the-polish-venture-capital-market-in-the-second-quarter-of-2021-report/feed/ 0
Palo Santo: New Venture Capital Group Raises $ 35 Million To Focus On Psychedelic Medicine – ATA (ATAI), FIELD TRIP HEALTH LTD by Field Trip Health Ltd. (FTRPF) https://tagsarea.com/palo-santo-new-venture-capital-group-raises-35-million-to-focus-on-psychedelic-medicine-ata-atai-field-trip-health-ltd-by-field-trip-health-ltd-ftrpf/ https://tagsarea.com/palo-santo-new-venture-capital-group-raises-35-million-to-focus-on-psychedelic-medicine-ata-atai-field-trip-health-ltd-by-field-trip-health-ltd-ftrpf/#respond Thu, 15 Jul 2021 18:46:00 +0000 https://tagsarea.com/palo-santo-new-venture-capital-group-raises-35-million-to-focus-on-psychedelic-medicine-ata-atai-field-trip-health-ltd-by-field-trip-health-ltd-ftrpf/

Palo Santo, a newly formed venture capital fund with an eye on psychedelic drugs, announced its official launch on Thursday.

The fund raised an initial capital of $ 35 million and currently has an active portfolio of 20 companies, including investments in Atai Life Sciences (NASDAQ: ATAI), Reset Pharma, Field Trip Health (TSX: FTRP) (OTCQX: FTRPF ), Tactogen, Eleusis, Bexson Biomedical, Ksana Health, NeuroCare, Bright Minds (CSE: DRUG), Diamond Therapeutics and Gilgamesh, among others.

The fund was founded by Daniel Goldberg, Tim Schlidt and Tony Eisenberg.

“This is a validating time for our model, and we will continue to support our thesis by supporting talented founders who create innovative approaches to mental health and addiction treatment,” Goldberg said.

Schlidt said psychedelics represent a paradigm shift in treating a range of illnesses, but a sense of scientific rigor and thoroughness is still required to invest in this ecosystem.

“Palo Santo takes a meticulous and selective approach to investing and relies heavily on its network of scientific advisers and academics to assess opportunities,” Schlidt explained.

The psychedelic fund will be an active participant and will work with the management of the companies in which it invests, Schlidt said in an interview with Reuters.

The fund’s advisers are Charles Nichols, Julie Holland, David Sherman and John Greden.

Photo by Benzinga

For the latest financial news, exclusive stories, memes follow Benzinga at Twitter, Facebook and Instagram. For the best interviews, stock talks and videos, subscribe to our YouTube channel.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.




Source link

]]>
https://tagsarea.com/palo-santo-new-venture-capital-group-raises-35-million-to-focus-on-psychedelic-medicine-ata-atai-field-trip-health-ltd-by-field-trip-health-ltd-ftrpf/feed/ 0
Wells Fargo (WFC) Q2 2021 Results https://tagsarea.com/wells-fargo-wfc-q2-2021-results/ https://tagsarea.com/wells-fargo-wfc-q2-2021-results/#respond Wed, 14 Jul 2021 12:18:34 +0000 https://tagsarea.com/wells-fargo-wfc-q2-2021-results/

Wells Fargo on Wednesday reported second quarter earnings and revenue that exceeded Wall Street expectations as it continued to unlock funds it had set aside during the Covid-19 pandemic to protect against losses generalized loans.

The bank’s shares rose 0.5% in pre-market trading after the results were announced. Here’s how the second quarter compared to Wall Street estimates.

Earnings: $ 1.38 in earnings per share vs. 97 cents per share expected, according to Refinitiv, a sharp turnaround from the loss it suffered in the second quarter of 2020.

Returned: $ 20.27 billion versus $ 17.77 billion expected, according to estimates by Refinitiv, an increase of 10% from the same quarter a year ago.

Wells Fargo’s results were boosted by a release of $ 1.6 billion from its credit loss reserves as consumers performed better than the bank expected amid the pandemic recession. Financial firms began to release these reserves as the recovery accelerated in 2021, boosting profits.

Wells also reported a net interest margin – a measure of how much a bank earns for the difference between what it pays on deposits and what it takes on loans – of 2.02% for the quarter. Analysts were expecting 2.05%, according to FactSet. Persistently low interest rates continued to weigh on this part of banking activity.

CEO Charlie Scharf said in a press release that demand for the bank’s loans remains somewhat subdued despite the economic recovery.

Charles Scharf, CEO of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, DC, U.S., Tuesday, March 10, 2020.

Andrew Harrer | Bloomberg | Getty Images

“Wells Fargo has benefited from the continued economic recovery, strong markets that helped generate gains in our affiliated venture capital businesses and our progress in improving efficiency, but headwinds from Low interest rates and lukewarm loan demand remained, ”Scharf said in the earnings release. . “Our top priority continues to build an appropriate control and risk infrastructure for a company of our size and complexity and we continue to invest in additional resources and devote close management attention to this work.”

Scharf, who took office in late 2019, is laser-focused on improving his company’s costs and public image after a fake account scandal in 2016 sparked close scrutiny from federal lawmakers and led to multiple departures of senior executives from the company.

In response, the Federal Reserve capped the growth of the bank’s assets and forced the new bank executive to focus on spending.

The bank said an efficiency ratio of 66% compared to the FactSet estimate of 76.1%, indicating that its operating expenses as a share of revenue improved from 80% in the June quarter. 2020.

The San Francisco-based lender’s financial update came nearly a week after CNBC announced it was closing all existing personal lines of credit in the coming weeks and stopped offering the product.

Wells Fargo lines of credit had allowed customers to borrow from $ 3,000 to $ 100,000. The bank billed the lines as a way to consolidate higher interest rate credit card debt, pay for home renovations, or avoid overdraft fees on linked checking accounts.

Wells said in a letter to clients that the move would allow him to focus on credit cards and personal loans.

Although this decision angered some customers, Wells is also posting a comeback in 2021 amid an economic recovery in the United States thanks to the resumption of normal commercial activity.

Improving the job market and accelerating capital spending thanks to the deployment of the Covid-19 vaccine have helped bank equity through the broader stock market since January.

Wells Fargo is up 43.2% year-to-date, while its counterparts Bank of America and JPMorgan Chase are up 31.5% and 22.4% respectively. The S&P 500 is up 16.3% over the same period.

Of the six largest U.S. banks, Wells has the smallest trading and investment banking divisions, areas its peers have grown in recent months thanks to a wave of initial public offers and accommodative monetary policy,

Did you like this article?
For exclusive stock picks, investment ideas and CNBC’s global live stream
Register for CNBC Pro
Start your free trial now


Source link

]]>
https://tagsarea.com/wells-fargo-wfc-q2-2021-results/feed/ 0
Eka Ventures closes $ 95 million Impact VC fund for sustainable consumption, health and society – TechCrunch https://tagsarea.com/eka-ventures-closes-95-million-impact-vc-fund-for-sustainable-consumption-health-and-society-techcrunch/ https://tagsarea.com/eka-ventures-closes-95-million-impact-vc-fund-for-sustainable-consumption-health-and-society-techcrunch/#respond Tue, 13 Jul 2021 05:00:46 +0000 https://tagsarea.com/eka-ventures-closes-95-million-impact-vc-fund-for-sustainable-consumption-health-and-society-techcrunch/

It is clear that there is a huge and growing appetite among consumers to switch to products and services that address some of the biggest issues of our time, be it climate change or societal issues. So we’ve seen the rise of ethical investing apps, or ways to reduce our carbon footprint, or to buy more ethically. it follows that VC should find funds to invest in these consumption spaces.

This has been the goal of UK-based Eka Ventures since they started investing in April 2020, ahead of today’s announcement of the fund’s closing.

It has now reached the final close of its $ 95million (£ 68million) fund and now claims to be the ‘largest UK-focused impact-driven start-up venture capital fund’ , although TechCrunch could not verify this claim.

Investors in the fund include British Business Bank, BSC, Isomer, Guys and St Thomas Foundation, Planet First Partners, Draper Esprit, Snowball and others. It is also supported, he says, by 24 entrepreneurs, 12 of whom are founders that Eka’s partners have already supported either at fund level or at individual level.

Eka’s goal will be to invest in consumer technology companies focused on sustainable consumption, consumer health and the “inclusive economy”. The fund will focus on the UK between £ 500,000 and £ 3million per trade.

Founders Jon Coker, Camilla Dolan and Andrew Richardson have previous corporate experience where they were involved in venture capital transactions for Gousto, Bloom & Wild, Peak and Elder. Coker was previously with VC MMC Ventures, specializing in London.

Jon Coker, General Partner of Eka told me: “We only invest in companies where we see a clear impact directly related to the product or service they are selling. As they grow, the impact grows with the business. We will not invest in companies where we do not see this. We have told all of our investors that we will only invest in companies where it is offered. We assess the companies we are looking for Founder Alignment, to understand how the founders plan to build their business and the impact that is provided by the products and services. Once we’ve gone through this alignment and evaluation process, we then measure that impact over time. We will also co-invest with investors who do not have a specific impact on their fund.

I asked him how they expected to measure the impact of their investments: “We use a framework called the Impact Management Project Framework which tries to create an industry standard around measuring the impact. business impact. It looks at different dimensions to identify the specific impact that the business in which you invest is creating. When you support start-ups, you can measure the current impact of their product, but you also want to measure progress against projects that will have a future impact. We have a number of impact focused LPs in the fund that have done a lot of work with us to help us think about this framework.

Camilla Dolan, Eka GP, said: “One of our first investments was Urban Jungle insurance. This is an example where we believe it is inclusive because they saw a great opportunity to try and serve the segment that has historically been underserved. They do this by underwriting using behavioral characteristics rather than demographic characteristics, as the incumbent industry does. That excludes a lot of customers. They are now launching a product specific to social housing because they had so many testimonials from social housing.

She added: “When it comes to working with companies, we are clear in our desire for scale, and we will do everything in our power to help the founders we work with achieve their ambitious goals. . We’re looking for entrepreneurs who set the bar high for impact-driven innovation and who focus on fundamental change or creating a category, in the same way that Tesla single-handedly propelled the automotive industry. electric vehicles. We created Eka to support companies with this level of ambition.

Timo Boldt, founder of Gousto, said: “Jon and Camilla are two of the best investors a founder could hope for. They supported Gousto with our Series A in 2013 and have been cheerleaders ever since. Their new company, Eka, is closely aligned with our own philosophy due to the emphasis on sustainability. Like them, we believe in the power of people to drive change. “

Ken Cooper, Managing Director of Venture Solutions, British Business Bank, said: “The Bank’s Venture Capital Fund program is a key tool in helping to develop and maintain an effective venture capital offering in the UK. , lowering barriers to entry for emerging fund managers and for those targeting the underserved areas of the market. Our engagement [of £36m] at Eka Ventures, will enable them to support new growing sustainable consumer technology companies in the UK.


Source link

]]>
https://tagsarea.com/eka-ventures-closes-95-million-impact-vc-fund-for-sustainable-consumption-health-and-society-techcrunch/feed/ 0
SoftBank to open venture capital firm in Israel headed by former Mossad chief Yossi Cohen https://tagsarea.com/softbank-to-open-venture-capital-firm-in-israel-headed-by-former-mossad-chief-yossi-cohen/ https://tagsarea.com/softbank-to-open-venture-capital-firm-in-israel-headed-by-former-mossad-chief-yossi-cohen/#respond Sun, 11 Jul 2021 14:58:00 +0000 https://tagsarea.com/softbank-to-open-venture-capital-firm-in-israel-headed-by-former-mossad-chief-yossi-cohen/

SoftBank, the Japanese company that manages the world’s largest venture capital fund, is preparing to open an office in Israel to be headed by former Mossad chief Yossi Cohen, according to reports in the Hebrew press.

Softbank’s Vision Fund has over $ 100 billion in committed capital and has supported global powers such as Alibaba, TikTok and Uber. The multinational conglomerate has just enjoyed one of the most successful years in global business history after reporting a net profit of $ 45.88 billion for the fiscal year ended March 31.

The entry of such a powerful investor into the Israeli market is expected to accelerate activity in a scorching Israeli tech environment that is already experiencing unprecedented hypergrowth. Israeli tech companies have already raised some $ 12 billion in the first six months of the year, down from its previous record of $ 10.5 billion for all of 2020.

SoftBank typically invests as much as $ 50 million in promising late-stage companies, and there is no shortage of promising candidates in Israel.

The company has already invested in numerous Israeli companies, including facial recognition company AnyVision, which said it raised $ 235 million last week. SoftBank also owns stakes in retail analytics firm Trax Image Recognition and database software firm Redis Labs, which raised a total of $ 950 million in early April.

Facial recognition is currently used to cross borders and even enter hospitals. To ensure AI systems are unbiased, AnyVision researcher Dr Eduard Vazquez told The Post, you need to have great data. (Photo credit: courtesy)

Cohen has no business background, but his success as head of Israel’s National Intelligence Agency has made him a well-respected and well-connected figure in Israel. One of the architects of Israel’s recent normalization agreements with the United Arab Emirates and Bahrain, he will likely find it easy to act as an intermediary between Israeli companies and SoftBank’s investment team.

“SoftBank has pioneered a new approach to technology investing and created the world’s largest ecosystem of emerging technology champions,” Cohen told the Globes financial daily. “Israel’s cutting-edge technology and entrepreneurial culture make it a natural fit for SoftBank’s investment vision, and I look forward to helping rapidly evolving businesses grow in the region and around the world. “

Cohen, 59, has been nicknamed “the model” for his good looks, and he has maintained a surprisingly high public profile for the head of an organization shrouded in secrecy. He resigned as head of Mossad on June 1 after five years in office and was presented as a future candidate for prime minister.

Large foreign investment funds have flocked to Israel in recent years, and the trend has intensified. In April, Blackstone, one of the world’s largest investment firms with $ 649 billion in assets under management, announced it was opening an office in Israel, headed by former LeumiTech CEO Yifat Oron. . SoftBank’s entry into the market adds another mark of strength.


Source link

]]>
https://tagsarea.com/softbank-to-open-venture-capital-firm-in-israel-headed-by-former-mossad-chief-yossi-cohen/feed/ 0
Michelle McBane on narrowing the gender investment gap in venture capital https://tagsarea.com/michelle-mcbane-on-narrowing-the-gender-investment-gap-in-venture-capital/ https://tagsarea.com/michelle-mcbane-on-narrowing-the-gender-investment-gap-in-venture-capital/#respond Fri, 09 Jul 2021 22:39:11 +0000 https://tagsarea.com/michelle-mcbane-on-narrowing-the-gender-investment-gap-in-venture-capital/

A recent Crunchbase survey found that 11% of all venture capital dollars went to companies with at least one woman on the founding team. However, 16% of all startup venture capital dollars went to companies with at least one woman on the founding team.

For Michelle McBane, Managing Director of StandUp Ventures, this statistic represents the growing pipeline of talented founders, of which she has championed over the past 20 years. In a recent interview for the #CIBCInnovationEconomy podcast, McBane spoke about the gender investment gap in VC and what it means to female founders that Canada finally gets bigger pools of capital at the stage of priming and growth.

“I get frustrated when I hear people say they can’t find deals. “
– Michelle McBane

McBane said she was happy to see the pipeline of women-led tech companies grow at the start-up stage because she sees it as a justification for all the times other investors have lamented a “problem.” pipeline “.

“I get frustrated when I hear people say they can’t find deals,” McBane said.

Based on what McBane sees, the investor noted that the tendency for women-led companies to show up more at VC meetings and close more VC funding is expected to continue to improve. She said that startup pools – the capital that VCs hold explicitly to invest in startup companies, whether they are thematic funds, geography-focused funds or large startup funds – are increasing, this which means that investors can invest more capital. in the companies they support. This, McBane said, will encourage more people to focus on the seed stage, as they can keep up in the next few rounds and keep their participation as the business grows.

At the same time, the VC is eagerly awaiting the next step: the founding women not only collect seed rounds, but also $ 100-150 million in Series C and D rounds. It will be interesting to see this development, McBane said, as the founders expect more from the VCs they partner with. She said the founders are “increasingly looking across the table,” wanting to make sure the venture capital firm they’re partnering with understands that diversity is a competitive advantage. Just as founding teams aim to reflect the customers they serve, founders seek their VCs to do the same.

“It’s up to VCs to think about how they’re going to branch out,” McBane said.

This call for diversity and support for women-led businesses as they grow resonates louder for McBane, as Canada is experiencing not only an increase in start-up capital, but a massive increase in growth capital as well, startups mobilizing huge growth cycles or making major acquisitions. McBane said almost none of these growth capital options were available in Canada five years ago, “a testament to the maturity of the industry.”

McBane noted that everyone is wondering what will happen now that VC has seen record inflows. The wave of activity even had an impact on StandUp Ventures: McBane said under normal circumstances the fund would write four checks per year. However, she has already written five checks since October 2020.

“I’ve never been in such a busy market,” McBane said.


Subscribe to the # CIBCInnovationÉconomie podcast.



Source link

]]>
https://tagsarea.com/michelle-mcbane-on-narrowing-the-gender-investment-gap-in-venture-capital/feed/ 0
Scott Crockett, CEO of Everest Business Funding, explains what often happens with the money invested https://tagsarea.com/scott-crockett-ceo-of-everest-business-funding-explains-what-often-happens-with-the-money-invested/ https://tagsarea.com/scott-crockett-ceo-of-everest-business-funding-explains-what-often-happens-with-the-money-invested/#respond Fri, 09 Jul 2021 14:42:51 +0000 https://tagsarea.com/scott-crockett-ceo-of-everest-business-funding-explains-what-often-happens-with-the-money-invested/

office presentation
(© .shock – stock.adobe.com)

Venture capital is growing in popularity as a means of financing companies in various industries. In 2018 alone, the National Venture Capital Association reported that $ 131 billion was funded by venture capital firms in nearly 9,000 deals. This number represented a 57% increase over the previous year.

Despite this rapid increase in venture capital funding, one simple fact has remained constant: Most venture capital funded businesses fail. Research by Shikhar Ghosh, senior lecturer at Harvard Business School, found that 75% of businesses that are backed by risky companies never return a positive investment. Up to 40 percent of these companies are forced to liquidate their assets. In this case study, Scott Crockett, CEO of Everest Business Funding, explains why.

VCs don’t need sustainable businesses

When business owners accept investments from venture capital firms, they do so in the hope that the money will help them grow. However, the definition of growth can be drastically different for the business owner and the venture capitalist.

The business owner may want to grow quickly but at a sustainable rate. Venture capital firms are often not very patient. What they are looking for is rapid growth that creates value quickly.

Their ultimate goal is to make their investment result in a very profitable event. It can be an initial public offering (IPO) that makes the company public, or it can be the sale of the private company to a large public entity.

Either way, they don’t necessarily care about building a long-term sustainable business. They just want to create a business that is attractive to other investors.

VCs know they will fail

The mission of venture capitalists is to take risks. They know it and they are preparing for it.

Venture capitalists are no strangers to failure. In fact, they expect them to fail more times than they succeed.

Their success as a business is determined by the overall return on all of their investments, rather than on an investment-by-investment basis. For example, a venture capital firm can make four investments in a single fund.

In order for them to be successful – or get a positive return – they may only need one of these investments to be successful. This makes perfect sense for the VC firm from a business perspective.

The problem for individual business owners is that it means the venture capitalist isn’t just about seeing them succeed. If the company does not achieve the success the venture capital firm wants in the desired time frame, it can simply turn to one of the other companies in the fund.

This approach lets individual business owners on an island find out for themselves. In many cases, business owners are set up to fail early on.

While venture capital financing may seem appealing due to the huge potential returns, Scott Crockett advises business owners to understand exactly what they are getting themselves into before embarking on this path. There are often many other private investment and financing options that business owners can take to help them build sustainable and successful businesses.

About Scott Crockett

Scott Crockett is the Founder and CEO of Everest Business Funding. He is a seasoned professional with 20 years of experience in the financial industry. Mr. Crockett’s track record includes raising over $ 250 million in capital and creating thousands of jobs. Scott has founded, built and managed several finance companies in the consumer and commercial credit industries.

Jessica Brown story


Source link

]]>
https://tagsarea.com/scott-crockett-ceo-of-everest-business-funding-explains-what-often-happens-with-the-money-invested/feed/ 0
ARTPARK to launch $ 100 million venture capital fund exclusively for AI and robotics startups https://tagsarea.com/artpark-to-launch-100-million-venture-capital-fund-exclusively-for-ai-and-robotics-startups/ https://tagsarea.com/artpark-to-launch-100-million-venture-capital-fund-exclusively-for-ai-and-robotics-startups/#respond Thu, 08 Jul 2021 00:30:00 +0000 https://tagsarea.com/artpark-to-launch-100-million-venture-capital-fund-exclusively-for-ai-and-robotics-startups/

ARTPARK, a non-profit organization that supports technological solutions to social problems, is set to launch a $ 100 million venture capital fund for Indian startups in robotics and artificial intelligence.

It will be the largest venture capital fund supporting the AI ​​and robotics industry in the country, where funding is still in its infancy.

ARTPARK (AI and Robotics Technology Park), based in Bengaluru, works closely with universities and researchers to develop cutting-edge technological solutions to real-world problems specific to India. It aims to help talented people and researchers start businesses and develop products.

“We have the university ecosystem that produces world-class talent. Connecting them to an institution like ARTPARK will help them work on their ideas, use our resources and scale solutions, ”ARTPARK CEO Umakant Soni told ET. “We are launching this $ 100 million fund to help these businesses. ”

He said the fund could potentially fill the existing gap in funding for high-tech companies. “Venture capital funds in India expect companies to show value in terms of income. But in reality, income is just a lagging indicator, not a leading indicator, ”he said.

The soon to be launched venture capital fund will focus on companies and startups with an appetite for risk. “ARTPARK is a place where people come to take risks. The institution will provide an ecosystem, talent and funding where innovative minds can take bold risks and develop technological solutions in strategic areas, ”said Soni.

ARTPARK was incubated at the Indian Institute of Science, Bengaluru, last year, and set up with support from AI Foundry, also a Section 8 company, as part of a public-private partnership with a $ 32 million seed grant from the Department of Science and Technology and the Government of Karnataka.

The organization plans to create and support unique AI and robotics companies that can have visible societal impact in health, education, infrastructure, agriculture and such areas.

The technological innovation park is set up on the model of the Stanford Research Institute (SRI) in the United States which was at the forefront of the creation of Silicon Valley. “We want to take photos of the technology and create a sustainable ecosystem that can produce remarkable results over the next 10 years,” Soni said.

According to him, the venture capital fund aligns with the economic model of ARTPARK where the organization will become autonomous in five years once government funding has stopped. “The organization will also hold stakes in companies similar to SRI,” he said.

Soni is also a founding partner of pi Ventures, one of India’s premier deep-tech funds with a body of $ 30 million.


Source link

]]>
https://tagsarea.com/artpark-to-launch-100-million-venture-capital-fund-exclusively-for-ai-and-robotics-startups/feed/ 0
Horizon Technology Finance grants $ 10 million venture capital loan to RepTrak https://tagsarea.com/horizon-technology-finance-grants-10-million-venture-capital-loan-to-reptrak/ https://tagsarea.com/horizon-technology-finance-grants-10-million-venture-capital-loan-to-reptrak/#respond Tue, 06 Jul 2021 20:15:00 +0000 https://tagsarea.com/horizon-technology-finance-grants-10-million-venture-capital-loan-to-reptrak/

FARMINGTON, Connecticut., July 6, 2021 / PRNewswire / – Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”), a leading specialty finance company that provides capital in the form of secured loans to venture-backed companies in the areas of technology, life sciences, information and health services, and sustainable development industries, today announced it has led a $ 10 million subprime loan to RepTrak Holdings, Inc. (“RepTrak”), which Horizon funded $ 5 million and a private investment vehicle managed by Horizon Technology Finance Management LLC, advisor to Horizon, funded $ 5 million.

RepTrak has developed the world’s largest enterprise software platform and subscription-based service focused on providing businesses with key data analytics to help them better understand, improve, and protect their corporate reputation. By tracking and monitoring what consumers think about a brand, RepTrak provides business leaders with measurable insights and actionable insights to build loyalty and improve ROI. RepTrak has received funding from Catalyst Investors, a major industry sponsor, and will use the loan proceeds for general working capital purposes.

“RepTrak’s innovative software platform provides targeted and critical reputation metrics, enabling business leaders and communications professionals across industries to identify potential reputational risks and take key actions to improve the perception of their business, ”said Gerald A. Michaud, President of Horizon. “We are delighted to support the growth of RepTrak as it continues to expand its market share by further developing its proprietary technology and expanding its high-level customer base. “

“We are delighted with Horizon’s support of RepTrak, which further confirms our belief that the intrinsic value of our proprietary data and knowledge helps business leaders better understand and manage market perceptions of their businesses.” , said Kylie Wright Ford, CEO of RepTrak. “As companies across the spectrum increasingly embrace customer-centric and ESG initiatives, we are well positioned to provide our customers with the information they need to improve their brands and to prove what to do and say the right thing. thing is always a good deal. “

Cafferty & Company acted as independent advisor to RepTrak on the transaction.

About Horizon Technology Finance

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a leading specialty finance company providing capital in the form of secured loans to venture-backed companies in the technology, life sciences, health information and services and sustainable development. Horizon’s investment objective is to maximize the return on its investment portfolio by generating current income from the debt investments it makes and capital appreciation from the warrants it receives upon these investments in debt. Horizon is headquartered at Farmington, Connecticut, with a regional office in Pleasanton, California, and investment professionals located in Portland, Maine, Austin, Texas, and Reston, Virginia. For more information, please visit www.horizontechfinance.com.

About RepTrak

The RepTrak Company ™ is the global leader in reputation data and information. We provide the only global platform for insights based on Reputation, Brand and ESG data. Our proprietary RepTrak® model is the global standard for measuring and analyzing world sentiment using proven data science models and machine learning techniques across industries and geographies. RepTrak® program subscribers use our predictive information to protect business value, improve ROI, and increase their positive impact on society.

Founded in 2004, The RepTrak Company has the world’s largest reputation benchmarking database, with over one million business reviews annually, used by CEOs, Boards of Directors and leaders in more than 60 countries around the world. For more information, please visit www.reptrak.com.

Forward-looking statements

Statements included in this document may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact included in this press release may constitute forward-looking statements and are not statements. guarantees future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from forward-looking statements due to a number of factors, including those described from time to time in documents filed by the Company with the Securities and Exchange Commission. Horizon assumes no obligation to update any forward-looking statements contained in this document. All forward-looking statements speak only as of the date of this press release.

Contacts:

Investor Relations:
RIC
Garrett edson
[email protected]
(860) 284-6450

Media Relations:
RIC
Chris Gillick
[email protected]
(646) 677-1819

SOURCE Horizon Technology Finance Corporation

Related links

www.horizontechfinance.com


Source link

]]>
https://tagsarea.com/horizon-technology-finance-grants-10-million-venture-capital-loan-to-reptrak/feed/ 0
Blockchain Venture Capital Firm Market Global Demand 2021 and Emerging Trends by 2028 – Venture IQ, Blockchain Impact, Blockchain Assembly https://tagsarea.com/blockchain-venture-capital-firm-market-global-demand-2021-and-emerging-trends-by-2028-venture-iq-blockchain-impact-blockchain-assembly/ https://tagsarea.com/blockchain-venture-capital-firm-market-global-demand-2021-and-emerging-trends-by-2028-venture-iq-blockchain-impact-blockchain-assembly/#respond Mon, 05 Jul 2021 11:07:52 +0000 https://tagsarea.com/blockchain-venture-capital-firm-market-global-demand-2021-and-emerging-trends-by-2028-venture-iq-blockchain-impact-blockchain-assembly/

A new market report from The Research Corporation shows the Blockchain Venture Capital Firm Market has been published with reliable information and accurate forecast for a better understanding of current and future market scenarios. The report offers an in-depth analysis of the global market including qualitative and quantitative insights, historical data and estimated projections on the market size and share over the forecast period. The forecasts mentioned in the report were acquired using proven research assumptions and methodologies. Therefore, this research study serves as an important repository of information for each market landscape. The report is segmented on the basis of types, end users, applications, and regional markets.

Main key players:

Venture IQ, Blockchain Impact, Blockchain Assembly, LEXIA Avvocati, ICO Triangle, Bell Rock Group, VNX Exchange

Request to obtain the PDF sample of the report: https://www.theresearchcorporation.com/request-sample.php?id=136689

Global Blockchain Venture Capital Firm Market Segmentation By Regions:

In the regional analysis, the Blockchain Venture Capital Firms market research report provides the detailed analysis of various regions and also contains the detailed country analysis. Besides market revenue, the market value report also offers forecast analysis for the following countries and regions. The Global Blockchain Venture Capital Firms Market report covers the various geographies such as North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa. Also, various countries included are Canada, UK, France, USA, Japan, China, India and Germany etc.

The Blockchain Venture Capital Firms Market report covers size, share, and forecast (value & volume) by regions, major players, product varieties, and applications, with historical knowledge in conjunction with forecast. from 2021 to 2028.

Request a reduction: https://www.theresearchcorporation.com/ask-for-discount.php?id=136689

The Blockchain Venture Capital Firms Market Report Offers The Following:

  • Blockchain Venture Capital Firms Market Share Assessments for Regional and National Segments.
  • Analysis of the market shares of the main players in the industry.
  • Blockchain Venture Capital Firm Market Strategic Recommendations for New Entrants.
  • Blockchain Venture Capital Firms Market forecast for the coming years of all mentioned segments, sub-segments and regional markets.
  • Blockchain venture capital firms market trends (drivers, restraints, opportunities, threats, challenges, investment opportunities and recommendations).
  • The competitive outlook maps key common trends in the blockchain venture capital firm industry.
  • Company profiling with detailed strategies, financial data and recent developments.
  • The report provides supply chain trends mapping the latest technological advancements in the Blockchain Venture Capital Firm industry.
  • Strategic recommendations in key business segments have supported the Blockchain Venture Capital Firm market estimates.

The report covers the detailed description of Associate in Nursing, competitive situation, large product portfolio of major vendors and business strategy adopted by competitors in conjunction with their SWOT analysis, revenue, sales and 5 forces analysis. by Porter.

The market factors defined during this report are:

Key strategic developments: The analysis includes key strategic market developments, comprising R&D, mergers and acquisitions, agreements, new product launches, collaborations, partnerships, joint ventures, and regional growth of the major competitors operating in the market in China. global and regional scale.

Main characteristics of the market: The report assessed the main market options, as well as revenue, capacity, price, capacity utilization rate, production rate, crude, production, consumption, import / export, supply / demand, cost, market share, CAGR and profit margin. Further, the study provides a comprehensive analysis of key market factors and their latest trends, in conjunction with relevant market segments and sub-segments.

Analysis tools: The global Phase Change Capacitors market report provides the strictly studied and assessed knowledge of major business players and their scope in the market by suggesting that of numerous analytical tools. Analytical tools such as Porter’s 5 forces analysis, feasibility study, SWOT analysis and ROI analysis are used to examine the expansion of the operator of the key player on the market. market.

Inquiry before purchasing this premium report: https://www.theresearchcorporation.com/enquiry-before-buying.php?id=136689

Main points from the table of contents:

Global Blockchain Venture Capital Firm Market Analyzing 15 Chapters in Detail:

Chapter 1, to depict Blockchain Venture Capital Firms Introduction, Product Scope, Market Overview, Market Opportunities, Market Risk, the Driving Force of the Market.

Chapter 2, to analyze the major manufacturers of Blockchain Venture Capital Firms, with Sales, Revenue and Price of Blockchain Venture Capital Firms, from 2015 to 2021;

Chapter 3, to view the competitive situation among the major manufacturers, with sales, revenue and market share from 2015 to 2021;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Blockchain VC companies, for each region, from 2015 to 2021;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2021 to 2028;

Chapter 12, Blockchain Venture Capital Firm Market Forecast, by Regions, Type and Application, with Sales and Revenue, from 2021 to 2028;

Chapter 13, 14 and 15, to describe Blockchain Venture Capital Firms sales channel, distributors, traders, dealers, research findings and conclusion, appendix and data source.

About Us:

Research Corporation Reports is part of Absolute Markets Insights and provides high-quality, measurable dynamic research, statistical survey reports, reviews, and estimation information for businesses and governments around the world. Research Corporation Reports includes a comprehensive overview of statistical survey reports from many distributors around the world. We boast of a database spanning virtually all market classes and a considerably more comprehensive collection of statistical survey reports under those classifications and sub-classifications.

Contact us:

The Research Society

William K (Sales Director)

1632 1st Avenue, New York, NY 10028, United States

+1 929 299 7373

sales@theresearchcorporation.com


Source link

]]>
https://tagsarea.com/blockchain-venture-capital-firm-market-global-demand-2021-and-emerging-trends-by-2028-venture-iq-blockchain-impact-blockchain-assembly/feed/ 0