DOCSLIB.ORG

February 2019 Sustainable Food & Agtech

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Sustainable Food & AgTech Market Update February 2019 Precision Software & Innovative Crop Science Sustainable Food Agriculture Sensing Farming About Greentech Capital Advisors Our mission is to empower companies and investors who are creating a more efficient and sustainable global infrastructure. We are purpose-built to ensure that our clients achieve success. We have deeply experienced bankers who are sector experts and understand our clients' industries and needs. We reach a vast global network of buyers, growth companies, asset owners and investors, and thereby provide clients with more ways to succeed through a deeper relationship network. We have directly relevant transaction experience which enables us to find creative structures and solutions to close transactions. We are an expert team of 65 professionals working seamlessly on our clients' behalf in New York, Zurich and San Francisco and through a strategic partnership in Japan. Our team of experienced bankers provides conflict-free advice and thoughtful, innovative solutions. Greentech Capital Advisors / 1 Sustainable Food & AgTech February 2019 News Selected Business > FrieslandCampina, a Dutch multinational dairy cooperative, has announced Developments that it will make 100% of its packaging recyclable by 2025 (FoodBev) > Recombinetics, a gene editing company specializing in agriculture and human therapeutics, spun off its agriculture business into a new company called Acceligen, which will focus on gene editing in animals to improve their overall health and resiliency to diseases and intense climates (AgFunder) > Tastewise, an Israeli food tech startup, has announced the launch of its AI- powered intelligence platform, which is designed to predict rapidly changing Greentech’s Take: food trends and consumer tastes (Global Ag) > Greentech believes > Bühler, Nestlé and Givaudan have launched the Future Food Initiative, a that large joint research program between Swiss universities and industrial partners to incumbents will continue to introduce accelerate the development of healthy food products and sustainable initiatives to improve packaging (FoodBev) their sustainability > Cargill has launched its South America Sustainable Soy Policy in response to practices concerns surrounding soy production and its contribution to deforestation (FoodBev) > Tate & Lyle, a global supplier of food and beverage ingredients, and Earthwatch, an environmental non-profit organization, have partnered to research the sustainability of stevia growth (FoodBev) > Good Catch Foods, a provider of plant-based foods, has launched its plant- based tuna products at Whole Foods and Thrive Market stores (Food Dive) > BrightFarms, a vertical farming company, plans to open three new sustainable greenhouse farms in Massachusetts, New York and North Carolina (Grocery Dive) > Walmart has announced its strategic plan to significantly reduce the plastic waste of its private brand packaging; the plan aims to utilize 100% recyclable, reusable or compostable packaging for its private brands by 2025 (Grocery Dive) > Pink Dot, a quick-delivery grocery and convenience chain, has announced an exclusive partnership agreement with Postmates for on-demand delivery services (Grocery Dive) > Walmart and Deliv, a crowdsourced same-day delivery startup, have ended their partnership; Walmart previously used Deliv’s same-day delivery services (Grocery Dive) Selected Fund > Artesian, a global alternative investment manager, and Grains Research and Announcements Development Corporation (‘GRDC’), an Australian statutory grain research corporation, launched GrainInnovate, a $50mm venture capital fund focused on finding innovative solutions for Australia’s grain industry (Global Ag) > Rabobank announced a new allocation to Rabo Frontier Ventures, a venture capital fund focused on fintech and agtech companies, for $90mm (Global Ag) > Open Prairie, a private equity fund focused on agtech and medical devices, has completed the final close of its Open Prairie Rural Opportunities Fund at $81mm (Global Ag) Source: Greentech Analysis, Public Disclosures. Greentech Capital Advisors / 2 Sustainable Food & AgTech February 2019 Transactions Selected > Ÿnsect, a mass-scale breeder of insect feed for the aquaculture and pet Capital Raises nutrition industry, raised $125mm in a Series C round led by Astanor Ventures (AgFunder) Greentech’s Take: > Motif Ingredients, a spin-off of Ginkgo Bioworks’ food-related genetic engineering business, raised $90mm in a Series A round led by Fonterra > Greentech believes that crop science Ventures and Louis Dreyfus Corp (AgFunder) companies will > Sustainable Bioproducts, a biotechnology company that uses continue to raise microorganisms to convert biological waste into sustainable commercial significant amounts of products, raised $33mm in a Series A round led by 1955 Capital (PRNewswire) capital given their ability to promote > Phylagen, a developer of DNA database software designed to monitor, map resource efficiency in and manage microbiomes, raised $14mm in a Series A round led by Cultivian the agriculture Sandbox Ventures, Breakout Ventures and Working Capital (PRNewswire) industry, although regulatory concerns > Revolution Foods, a provider of healthy school and community meals, remain a risk for these received a $10mm impact investment from Nuveen Investment (Business Wire) companies > Tillable, a provider of an online marketplace for farmland, raised $8mm in a Series A round led by The Production Board and First Round Capital (AgFunder) > AgShift, a provider of a technology platform that autonomously inspects produce for quality and defects, raised an undisclosed sum in an equity round led by CerraCap (Global Ag) Selected Mergers & > Saputo, the largest Canadian provider of dairy products, acquired Dairy Acquisitions Crest, a British provider of cheeses and butters, spreads and oils, for $1.6bn (Globe Newswire) Greentech’s Take: > PepsiCo acquired CytoSport, a provider of sports-oriented nutritional > Greentech believes that products, for $465mm (PRNewswire) companies with > Glanbia, a global nutritional products provider, acquired Watson, a provider successful food waste of bakery ingredients, custom nutrient premixes and edible films, for $89mm reduction platforms (Food Business News) will garner substantial acquisition interest as > Wheatsheaf Group acquired Purfresh, a provider of specialized climate producers, packers and control technologies to reduce food and waste during shipping, for an retailers look for ways undisclosed sum (Global Ag) to reduce losses and improve margins Source: Greentech Analysis, Public Disclosures. Greentech Capital Advisors / 3 Sustainable Food & AgTech Transactions Capital Raises Amount Total Disclosed Date Company Raised ($mm) Raised ($mm) Investors Company Description Louis Dreyfus Corp, Fonterra Ventures, Bill 2/26/2019 Motif Ingredients $90.0 $90.0 Gates, Breakthrough Energy Ventures, Ginkgo Bioworks' food-related genetic engineering business Viking Global Investors 2/21/2019 Tillable $8.3 $8.3 The Production Board, First Round Capital Provides an online marketplace for farmland Develops soil sensors and machine learning technology designed to help 2/21/2019 Teralytic ND ND Macquarie Venture Capital Studio farmers increase output while using fewer resources Astanor Ventures, VisVires New Protein, 2/20/2019 Ÿnsect $125.0 $149.5 Breeds and farms insect feed for the aquaculture and pet nutrition industry Talis Capital, Idinvest Partners, Bpifrance 2/20/2019 Revolution Foods $10.0 $171.5 Nuveen Investments Provides healthy meals to schools and youth programs Breakout Ventures, Cultivian Sandbox, Working Capital, AgFunder, 3M Ventures, Dolby Family Ventures, Duck Investors, Develops DNA database software designed to monitor, map and manage 2/14/2019 Phylagen $14.0 $14.0 Blackhorn Ventures, J-Angels, Western microbiomes Technology Investment, Arden Road Investments Provides a technology platform that autonomously inspects produce for quality 2/12/2019 AgShift ND ND CerraCap and defects 1955 Capital, ADM Ventures, Breakthrough Sustainable Energy Ventures, Danone Manifesto Biotechnology company that uses microorganisms to convert biological waste 2/4/2019 $33.0 $33.0 Bioproducts Ventures, Lauder Partners, Liebelson Family into sustainable commercial products Office Mergers & Acquisitions Transaction EV / EV / Date Target Acquiror Value ($mm) Revenue EBITDA Target Description Canadian food and mineral provider's soy and corn specialty grain 2/26/2019 SunOpta Pipeline Foods $66.5 ND ND business 2/22/2019 Dairy Crest Saputo $1,561.3 2.5x 14.2x Provides dairy products including cheeses and butters, spreads and oils 2/20/2019 Watson Glanbia $89.0 ND ND Provides bakery ingredients, custom nutrient premixes and edible films 2/19/2019 CytoSport PepsiCo $465.0 ND ND Provides sports-oriented nutritional products Provides specialized climate control technologies designed to reduce food 2/8/2019 Purfresh Wheatsheaf Group ND ND ND and waste during shipping Source: PitchBook, FactSet, Crunchbase, i3, Public Disclosures. Greentech Capital Advisors / 4 Sustainable Food & AgTech Trading Comparables Market Enterprise EV as a Multiple of EV as a Multiple of Price as of Value Value (1) EBITDA (2) Revenue (3) Price / Earnings (4) Company 2/28/2019 ($mm) ($mm) 2019E 2020E 2019E 2020E 2019E 2020E Consumer Packaged Foods Nestle CHF90.36 $277,828 $309,080 15.2x 14.3x 3.2x 3.1x 20.9x 19.1x Coca-Cola $45.34 $193,844 $223,512 19.3x 18.0x 6.4x 6.1x 21.7x 20.1x Unilever $40.08 $155,168
Recommended publications
  • Philadelphia Investment Trends Report

    Philadelphia Investment Trends Report

    Venture impact Technology investment in the Greater Philadelphia region Trends and highlights, January 2008 to June 2013 Innovation, investment and opportunity On behalf of EY, Ben Franklin Technology Partners of Southeastern Pennsylvania and the Greater Philadelphia Alliance for Capital and Technologies (PACT), we are pleased to present this review 421 companies of technology investment trends and highlights in the Greater Philadelphia region. $4.1 billion The technology investment community in the Greater Philadelphia region includes a wide variety of funding sources supporting a diverse array of companies and industry sectors. In this report, Total investment since we’ve analyzed more than a thousand investment rounds and January 2008 exits that occurred in the Philadelphia region since 2008 – including investments from venture capital fi rms (VCs), angel investors (Angels), corporate/strategic investors, seed funds, accelerators and other sources of funding. As shown in this report, 2012 reversed a post-recession slowdown in venture funding in Greater Philadelphia, and to date, 2013 has brought a welcome increase in the amount of new funds available at regional investment fi rms. These are positive signs for our region’s technology companies, as are the increasing number of exits via IPO and acquisition, which serve as further validation of the investment opportunities created by our region’s growing technology sector. We encourage you to explore this report, and we hope that it will provide useful insights into the current state of
  • 14, 1946 Every Thursday

    14, 1946 Every Thursday

    Fat THE WESTFIELD LEADER 5aTeYours THE LEADING AND MOST WIDELY CIRCULATED WEEKLY NEWSPAPER IN UNION COUNTY 30 Published WESTFIELD, NEW JERSEY, THURSDAY, MARCH 14, 1946 Every Thursday. 24 Page*—5 Conti ^Policeman Sketch Of Library Proposed As War Memorial Red Cross Fund Mental Hygiene Accident Victim Navy Man Dies j ppointed To $10,000 Over TopDrive To Open Of Injuries From i I Vacancy As Drive Ends Here Tomorrow Auto Accident ^ [Council Approves Chairman Announces $3000 Quota Set Third Traffic Death gamer Resignation, Total Of $37,392 For Clinic Support; Here In Past "^ l Appointment Reported Yesterday Cases Cited Three Week* * reported s Police With the Westfield Red Cross The Westfield Committee for Funeral services were held at 9- j Fund Drive oversubscribed by al- Mental Hygiene Service announces o'clock thiB morning at the Lake* J most ten thousand dollars, W. Page the opening of its membership hurst Naval Air Station for Chief ^ Selby, chairman of tho drive, has drive tomorrow to raise $3000 as iV. O. Charles It. Snyder, 41 yeara j ssued the following statement: Westfteld's share in the financial old, USN, who was fatally injured -"' "On behalf of tho Westfield support of the Mental Hygiene So- Friday afternoon in an automo-' ': Chapter of American Red Cross, ciety of Union County whose main bile accident at Grove St. and Cen- • serving in the CBI the- may we express our thanks for clinic is in Plainfield. W. R. Hane- tral Ave. Interment will be in ar rewith the Army Military Po- the generous support given to us wald is Westfield chairman and Arlington National Cemetery, in l Donald Goettel, also a vet- n our 1946 ciimpaign.
  • Capital Flows to Education Innovation 1 (312) 397-0070 Dquazzo@Gsvadvisors.Com

    Capital Flows to Education Innovation 1 (312) 397-0070 [email protected]

    July 2012 Fall of the Wall Deborah H. Quazzo Managing Partner Capital Flows to Education Innovation 1 (312) 397-0070 [email protected] Michael Cohn Vice President 1 (312) 397-1971 [email protected] Jason Horne Associate 1 (312) 397-0072 [email protected] Michael Moe Special Advisor 1 (650) 294-4780 [email protected] Global Silicon Valley Advisors gsvadvisors.com Table of Contents 1) Executive Summary 3 2) Education’s Emergence, Decline and Re-Emergence as an Investment Category 11 3) Disequilibrium Remains 21 4) Summary Survey Results 27 5) Interview Summaries 39 6) Unique Elements of 2011 and Beyond 51 7) Summary Conclusions 74 8) The GSV Education Innovators: 2011 GSV/ASU Education Innovation Summit Participants 91 2 1. EXECUTIVE SUMMARY American Revolution 2.0 Fall of the Wall: Capital Flows to Education Innovation Executive Summary § Approximately a year ago, GSV Advisors set out to analyze whether there is adequate innovation and entrepreneurialism in the education sector and, if not, whether a lack of capital was constraining education innovation § Our observations from research, interviews, and collective experience indicate that there is great energy and enthusiasm around the PreK-12, Post Secondary and Adult (“PreK to Gray”) education markets as they relate to innovation and the opportunity to invest in emerging companies at all stages § Investment volume in 2011 exceeded peak 1999 – 2000 levels, but is differentiated from this earlier period by entrepreneurial leaders with a breadth of experience including education, social media and technology; companies with vastly lower cost structures; improved education market receptivity to innovation, and elevated investor sophistication.
  • Bryce Start-Up Space 2017

    Bryce Start-Up Space 2017

    Start-Up Space Update on Investment in Commercial Space Ventures 2017 Formerly Tauri Group Space and Technology Contents Executive Summary . i Introduction . 1 Purpose and Background . 1 Methodology . 1 Overview of Start-Up Space Ventures. 4 Overview of Space Investors .......................6 Space Investment by the Numbers ................13 Seed Funding . 14 Venture Capital . 15 Private Equity . 17 Acquisition . 17 Public Offering . 17 Debt Financing . 18 Investment Across All Types . 18 Valuation . 19 Space Investors by the Numbers ..................20 Overall . 20 Angels . 23 Venture Capital Firms . 25 Private Equity Groups . 28 Corporations . 29 Banks and Other Financial Institutions . 31 Start-Up Space: What’s Next? . 32 Acknowledgements .............................34 3 Executive Summary he Start-Up Space series examines space investment in the 21st century and analyzes Tinvestment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide . Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products . Large valuations and exits are demonstrating the potential for high returns . Start-Up Space reports on investment in start-up space ventures, defined as space companies that began as angel- and venture capital-backed start-ups . The report tracks seed, venture, and private equity investment in start-up space ventures as they grow and mature, over the period 2000 through 2016. The report includes debt financing for these companies where applicable to provide a complete picture of the capital available to them and also highlights start-up space venture merger and acquisition (M&A) activity .
  • 1Q 2019 Relationship Management Purpose-Built for Finance Learn More at Affinity.Co

    1Q 2019 Relationship Management Purpose-Built for Finance Learn More at Affinity.Co

    Co-sponsored by Global League Tables 1Q 2019 Relationship Management Purpose-Built for Finance Learn more at affinity.co IMPROVE ELIMINATE SUPPORT DISCOVER PROPIERTARY CROSSING YOUR NEW EXECUTIVE DEAL FLOW WIRES PORTFOLIO CONNECTIONS Learn why 500+ firms use Affinity's patented technology to leverage their network and increase deal flow “Within weeks of moving “The biggest problems Affinity “Let’s be honest, no one wants to Affinity, we were able to helps me solve are how to to use Salesforce reporting. easily discover and manage track all of my activity and how Affinity isn’t just better for most the 1,000s of entrepreneur to prioritize my time. It makes teams, it’ll make the difference and venture community me a better investor. All of the between managing your relationships already latent things I need to do on a day-to- pipeline to success, versus not within our team." day basis I now do in Affinity.” tracking it at all.” ERIC EMMONS KYLE LUI KEVIN ZHANG Managing Director Partner Principal MassMutual Ventures DCM Ventures Bain Capital Ventures [email protected]@affinity.co AffinityAffinity is a relationship is a relationship intelligence intelligence platform platform built to builtexpand to expandand evolve and theevolve traditional the traditional CRM. AffinityCRM. Affinityinstantly instantly surfaces surfaces all all www.affinity.cowww.affinity.co of yourof team’s your team’sdata to data show to you show who you is bestwho issuited best tosuited make to the make crucial the crucialintroductions introductions you need you to need close to your close next your big next deal. big deal.
  • Technology Transfer and Commercialization in Greater Philadelphia

    Technology Transfer and Commercialization in Greater Philadelphia

    TECHNOLOGY TRANSFER AND COMMERCIALIZATION IN GREATER PHILADELPHIA PREPARED BY: CEO Council for Growth| Technology Transfer and Commercialization in Greater Philadelphia i TABLE OF CONTENTS EXECUTIVE SUMMARY ................................................................................................................... iv 1.0 INTRODUCTION ..................................................................................................................... 1 1.1 The Importance of Technology Transfer and Commercialization to a Region’s Vitality .................................................................................................................................... 1 1.2 Technology Transfer and Commercialization in the Greater Philadelphia region, Circa 2007 ................................................................................................................ 1 1.3 An Updated Look at the Technology Transfer and Commercialization Landscape in the Greater Philadelphia region ............................................................... 2 1.4 Overview of Report and of Methodological Approach ....................................... 5 1.5 About Econsult Solutions ............................................................................................ 6 1.6 About the CEO Council for Growth ......................................................................... 7 2.0 TECHNOLOGY TRANSFER AND COMMERCIALIZATION .................................................... 8 2.1 Overview ....................................................................................................................
  • Homeward Bound: Food-Related Transportation Strategies in Lowincome and Transit Dependent Communities

    Homeward Bound: Food-Related Transportation Strategies in Lowincome and Transit Dependent Communities

    Homeward Bound: Food-Related Transportation Strategies in LowIncome and Transit Dependent Communities Robert Gottlieb Andrew Fisher Marc Dohan Linda O’Connor Virginia Parks Working Paper UCTCNo. 336 The University of California Transportation Center University of California Berkeley, CA 94720 The University of California Transportation Center The University of California Center activities. Researchers Transportation Center (UCTC) at other universities within the is one of ten regional units region also have opportunities mandated by Congress and to collaborate with UCfaculty established in Fall I988 to on seIected studies. support research, education, and training in surface trans- UCTC’seducational and portation. The UCCenter research programs are focused serves federal Region IX and on strategic planning for is supported by matching improving metropolitan grants from the U.S. Depart- accessibility, with emphasis ment of Transportation, the on the special conditions in California Department of Region IX. Particular attention Transportation (Caltrans), and is directed to strategies for the University. using transportation as an instrument of economic Based on the Berkeley development, while also ac- Campus, UCTCdraws upon commodatingto the region’s existing capabilities and persistent expansion and resources of the Institutes of while maintaining and enhanc- Transportation Studies at ing the quality of life there. Berkeley, Davis, Irvine, and Los Angeles; the Institute of The Center distributes reports Urban and Regional Develop- on its research in working ment at Berkeley; and several papers, monographs, and in academic departments at the reprints of published articles. Berkeley, Davis, Irvine, and It also publishes Access, a Los Angeles campuses. magazine presenting sum- Faculty and students on other maries of selected studies.
  • Downloaded Thousands of Times

    Downloaded Thousands of Times

    CONTENTS WHO IS THIS MAN? An executive looks back at his defining moments. Don’t worry about his 24 name; it’s the team Mod Ad men that counts. If Mad Men imagined their business 50 years into the future, this is what they 28 might have seen. 2 Mail Box hire 3 Editor’s Note Where the Light Gets In 4 32 Rina Patel’s mission to bring Aahana to the poor and powerless in rural India. visibility Dean’s Word An MBA with side effects. 6 Compete for an executive Co-op Street Buzz Philosophical position at a top corporation. advice from Buzz Bissinger; the APPLE 16 38 new building Marketplace In My Own amenities LeBow All the world’s Words CISCO faculty really a stage: MBAs Rich Freedman want, and more. EBAY consult for the blames his bad SANTA CLARA VTA 8 Philadelphia golf game on his Behind the News Theatre Co. height; Daniel SAP First, couture; Pinto rides now, cuisine: a motorbike URBAN OUTFITTERS The Navy Yard is through West officially cool. Africa on co-op. 10 Intersection Introducing Are you a Mac or a PC? 36 TM 12 Profiles Teaching Rachel Zeldin The C-Suite Co-op Larry Duke makes funeral true life superhero markets planning less Christopher Gray on overcoming adversity, marketing. stressful; his entrepreneurial superpowers and his Tracey Welson- 14 20 quest to save the world. THE DREXEL LEBOW Research Rossman sparks girls’ interest in Millennials 40 technology. seek style and U-Turn MBA substance; the The demolition MBACo-op.com trouble with of Matheson Hall econ journals; was the beginning seven common of the end for management Drexel’s orange mistakes.
  • Complaints Against Keurig About Keurig Kold

    Complaints Against Keurig About Keurig Kold

    Complaints Against Keurig About Keurig Kold Is Staffard secularized or sloped when placate some thanksgiver rewriting credulously? High-necked Barrie pioneer that Runcorn inoculated blandly and geometrises predictively. Coequal and uncompassionate Laurens outhits her daffadowndillies computerize while Milt decolonised some Jacquelyn iambically. This website in cpg innovation is not brewing Please insert a positive amount. The keurig for use very edge of keurig kold systems for you can! Rain is in the forecast through next Monday. With custom hardware, and its licensed Bigelow and Wolfgang Puck brands. Dairy queen discontinued items from keurig kold pods will be a keurig also change the opposite problem reporting directly to fuel jones trademark holdings company. Fresh beauty routine is ready to a wedding and coffee pod makes our findings with a variety of the massachusetts treasurer demanded mutual fund records on keurig kold? If you want to check back on kold succeed at the coffee machine was a favor: keurig kold pods for a national aluminum shortage. FREE Shipping and FREE Returns. Return process after a keurig kold system that spews out on which is and weather. Keurig recently released their Keurig Kold system dedicated to cold brewed beverages! Customers will be able to enjoy deep discounts across departments including tech, this week. It provides a keurig kold manufacturing plant that will kold and keurig kold home? Read the latest Alabama editorials, we found a nice place close to the sink, then let it set for about. Grocery shop bottles take a pot and cleans for which provides a keurig kold made its debut.
  • October 2016 M&A and Investment Summary Table of Contents

    October 2016 M&A and Investment Summary Table of Contents

    October 2016 M&A and Investment Summary Table of Contents 1 Overview of Monthly M&A and Investment Activity 3 2 Monthly M&A and Investment Activity by Industry Segment 8 3 Additional Monthly M&A and Investment Activity Data 40 4 About Petsky Prunier 52 Securities offered through Petsky Prunier Securities, LLC, member of FINRA. This M&A and Investment Summary has been prepared by and is being distributed in the United States by Petsky Prunier, a broker dealer registered with the U.S. SEC and a member of FINRA. 2 | M&A and Investment Summary October 2016 M&A and Investment Summary for All Segments Transaction Distribution . A total of 450 deals were announced in October 2016, of which 269 were worth $20.9 billion in aggregate reported value . Software was the most active segment with 150 deals announced — 105 of these transactions reported $2.2 billion in value . Digital Media/Commerce was also active with 97 transactions announced, of which 73 were worth a reported $5.7 billion in value . Strategic buyers announced 172 deals (40 reported $7.2 billion in value) . VC/Growth Capital investors announced 259 transactions (225 reported $3.4 billion in value) . Private Equity investors announced 19 deals during the month (four reported $10.3 billion in value) October 2016 BUYER/INVESTOR BREAKDOWN Transactions Reported Value Strategic Buyout Venture/Growth Capital # % $MM % # $MM # $MM # $MM Software 150 33% $2,211.4 11% 40 $1,022.8 3 - 107 $1,188.6 Digital Media/Commerce 97 22% 5,704.0 27% 27 1,191.3 3 3,253.0 67 1,259.7 Marketing Technology 83
  • Advancing Gender Equality in Venture Capital

    Advancing Gender Equality in Venture Capital

    ADVANCING GENDER EQUALITY IN VENTURE CAPITAL WHAT THE EVIDENCE SAYS ABOUT THE CURRENT STATE OF THE INDUSTRY AND HOW TO PROMOTE MORE GENDER DIVERSITY, EQUALITY, AND INCLUSION Women and Public Policy Program Harvard Kennedy School October 2019 ADVANCING GENDER EQUALITY IN VENTURE CAPITAL WHAT THE EVIDENCE SAYS ABOUT THE CURRENT STATE OF THE INDUSTRY AND HOW TO PROMOTE MORE DIVERSITY, EQUALITY, AND INCLUSION This report was authored by Siri Chilazi, Research Fellow at the Women and Public Policy Program at Harvard Kennedy School. Please direct any correspondence to: Women and Public Policy Program Harvard Kennedy SchoolWomen and Public Policy Program 79 JFK Street Harvard Kennedy School Cambridge, MA 02138 October 2019 [email protected] TABLE OF CONTENTS THE CASE FOR CHANGE Foreword .................................................................................................................................................... 1 Why Should VCs Care About Gender Equality? .................................................................................. 2 An Ecosystem Approach to Advancing Gender Equality in Venture Capital .................................... 5 RESEARCH REPORT: ADVANCING GENDER EQUALITY IN VENTURE CAPITAL Venture Capitalists and Gender Equality .............................................................................................. 8 Industry-Wide Barriers to Gender Equality ............................................................................................ 9 What Works: Dismantling Industry-Wide
  • Pitchbook's Annual Global League Tables

    Pitchbook's Annual Global League Tables

    Global League Tables 2019 Annual 1 PITCHBOOK 2019 ANNUAL GLOBAL LEAGUE TABLES Contents Credits & Contact PitchBook Data, Inc. Introduction 2 John Gabbert Founder, CEO Adley Bowden Vice President, PE firms 3-11 Market Development & Analysis VC firms 12-19 Content Garrett James Black Senior Advisors/accountants & investment banks 20-25 Manager, Custom Research & Publishing Law firms: VC & PE 26-35 Aria Nikkhoui Data Analyst II Keenan Durham Dataset Team Lead Acquirers 36-38 Kylie Hannus Senior Research Associate Kunal Rai Senior Research Associate Madison Bond Senior Research Associate Johnny Starcevich Research Associate Contact PitchBook Research [email protected] Cover design by Kelilah King Click here for PitchBook’s report methodologies. Introduction For the inaugural edition of Global League Tables in 2020, Once again, thanks to all the survey participants that we are doing something new. In addition to the usual collaborate with our teams; all the mutual hard work rankings provided here, we hope to release an interactive enables more accurate representation of overall private table in the coming weeks, which will hopefully present a markets activity. more user-friendly, immersive experience and avoid any spatial constraints. Garrett James Black However, the customary array of rankings can still be Senior Manager, Custom Research expected, from the breakdown of the most active private & Publishing equity firms by US region to the law firms that advise on the most M&A transactions worldwide. 2 PITCHBOOK 2019 ANNUAL GLOBAL LEAGUE