US Venture Capital First Quarter 2021
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Private Equity Firms Fueling the Growth of Electronic Trading June
Private Equity Firms Fueling the Growth of Electronic Trading June 23, 2007 Article Excepts: Steve McLaughlin, managing partner in Financial Technology Partners, the only investment banking firm focused exclusively on financial technology deals, insists the trend is going to continue because there's always innovation in the space, but maybe not at the current pace. "It's going to slow because so much attention has been brought to this space recently," he says. "A lot of the better later-stage companies [already] have done their transactions." McLaughlin — who gave Liquidnet its eye-popping $1.8 billion valuation in 2005, which resulted in a $250 million investment from TCV and Summit Equity Investors — points to Liquidnet as an example. "Liquidnet is a very simple idea — the business plan and the idea you could write on the back of a postage stamp," he contends. "It was very elegant in the way that [the company] put it together and marketed itself as the Napster of electronic trading. ... Financial technology is more about using existing technologies to solve complex problems." FT Partner's McLaughlin, however, says, "There are still plenty of deals out there. A lot of the companies getting finance were created five or six years ago. There are plenty of firms being created now that in five or six years will be looking for capital. But a lot of the really good companies have been pursued by these private equity firms" Full Article: It's good to be in the financial technology industry these days — especially if your company is getting calls from private equity firms looking to invest in one of the economy's hottest growth sectors. -
Avetta and BROWZ Combine to Form One of the World's Leading
Avetta and BROWZ Combine to Form One of the World’s Leading Providers of Supply Chain Risk Management Transaction expands global network to 85,000 customers in over 100 countries with a configurable SaaS platform and industry leading customer service Feb. 14, 2019—OREM, Utah—Avetta and BROWZ, two leading providers of SaaS based supply chain risk management software, today announced they have combined to form a new, market leading organization focused on delivering the best in supply chain risk management services to companies world-wide. The transaction further solidifies Avetta’s position as a world-class organization, innovator and thought leader, expanding the company’s global network to 85,000 customers in over 100 countries in the fast growing $14 billion global marketplace for supply chain risk management solutions. Avetta and BROWZ combine more than three decades of experience in making industries safer, more sustainable and compliant by vetting and qualifying the suppliers that support their global clients. Avetta and BROWZ’s 450 combined clients include blue chip companies in industry verticals such as energy, chemicals, manufacturing, utilities, construction materials, facilities management, communications, transportation, logistics & retail, mining, aerospace & defense and food & beverage. These industry leaders require better visibility into supply chain risks, such as workplace health & safety, sustainability, modern slavery, data privacy, anti-bribery & corruption, regulatory and insurance compliance. Together, the companies’ market-leading technology platform and products strengthen sustainable connections between clients and suppliers, while streamlining and simplifying the engagement process for both parties. Avetta and BROWZ share a common vision of putting customers first and a belief that the solutions offered to their clients should be configurable to address the specific needs and requirements of their client base across industries and geographies. -
Want to Crush Competitors? Forget Softbank, Blackstone Suggests; It Can Write $500 Million Checks, Too
September 20, 2019 Extra Crunch Want to crush competitors? Forget SoftBank, Blackstone suggests; it can write $500 million checks, too Connie Loizos @cookie JK: There are 2,600 altogether across 24 offices. an investing giant is the better gig? ack in January, Blackstone — the TC: Is your group investing a discreet pool of JK: If you’re an intellectually curious individ- investment firm whose assets un- capital? ual, there are so many signals [coming through der management surpassed a jaw- Blackstone] that it’s almost a proxy for the dropping half a trillion dollars earlier JK: At some point, we’ll have a dedicated pool world. It’s like manna from heaven. It’s not like Bthis year — quietly began piecing together a of capital, but as a firm, we’ve been investing in they’re doing a single-threaded approach. The new, growth equity platform called Blackstone growth equity for some time [so have relied on nature of the challenges across our companies Growth, or BXG. Step one was hiring away Jon other funds within Blackstone to date]. is so vast and so varying that whether you’re Korngold from General Atlantic, where looking at a fast-growing retailer or a cell phone he’d spent the previous 18 years, including TC: There’s no shortage of growth equity tower in another country, the nature of the tasks as a managing director and a member of its in the world right now. What is Blackstone is always changing. management committee. building that’s so different? Step two has been for Korngold, who is re- TC: SoftBank seems to have shaken things sponsible for running the new program, to build JK: The sheer scale of the operation is different. -
Private Equity & Venture Capital
VOLUME 14, ISSUE 6 ■ AUGUST 2018 PRIVATE EQUITY & VENTURE CAPITAL SPOTLIGHT THE RISE OF VENTURE AND IN THIS ISSUE GROWTH CAPITAL IN EUROPE €11bn in capital has already been secured by venture and growth capital funds focused on Europe that have closed this FEATURE 3 year; this is the highest figure seen at this stage in recent The Rise of Venture years. We put activity in the region under the microscope, examining the economic factors that have contributed to and Growth Capital in this. Europe Find out more on page 3 INDUSTRY NEWS 7 THE FACTS ■ Private Equity in the 9 PRIVATE EQUITY IN THE NORDIC Nordic Region REGION ■ Public Pension Funds 12 Investing in Private With the capital raised by managers based in the Nordic Equity region reaching record highs, we take a look at the growing private equity market in terms of fundraising activity, investor make-up and largest exits in the region. CONFERENCES 14 Find out more on page 9 RECENTLY RELEASED: THE 2018 PREQIN PRIVATE CAPITAL FUND TERMS THE 2018 PRIVATE CAPITAL All data in this newsletter ADVISOR can be downloaded to PREQIN FUND TERMS ADVISOR Excel for free Order Your Copy Download Sample Pages Sign up to Spotlight, our free monthly newsletter, providing insights into performance, investors, deals and fundraising, powered by Preqin data: Alt Credit Intelligence European and US Fund Services Awards: Best Data and Information Provider | Africa Global Funds Awards 2016: Best Research and Data Provider | The Queen’s SIGN UP Award for Enterprise: International Trade | HedgeWeek Global Awards: -
The Definitive Review of the US Venture Capital Ecosystem Credits & Contact
Q4 2019 In partnership with Angel & seed deal value remains Value of VC deals with 2019 marks record year for elevated in 2019 at $9.1B nontraditional investor VC exit value despite tepid exit Page 7 participation approaches $100B for activity in Q4 second consecutive year Page 32 Page 27 The definitive review of the US venture capital ecosystem Credits & contact PitchBook Data, Inc. JOHN GABBERT Founder, CEO ADLEY BOWDEN Vice President, Research & Analysis Content NIZAR TARHUNI Director, Research JAMES GELFER Senior Strategist & Lead Analyst, VC ALEX FREDERICK Senior Analyst, VC CAMERON STANFILL, CFA Analyst II, VC KYLE STANFORD Analyst, VC VAN LE Senior Data Analyst RESEARCH Contents [email protected] Report & cover design by CONOR HAMILL Executive summary 3 National Venture Capital Association (NVCA) BOBBY FRANKLIN President & CEO NVCA policy highlights 4 MARYAM HAQUE Senior Vice President of Industry Advancement Overview 5-6 CASSIE HODGES Director of Communications DEVIN MILLER Manager of Communications & Digital Angel, seed & first financings 7-8 Strategy Early-stage VC 9-10 Contact NVCA nvca.org Late-stage VC 11-12 [email protected] SVB: Resilience is the theme for 2020 14-15 Silicon Valley Bank Deals by region 17 GREG BECKER Chief Executive Officer MICHAEL DESCHENEAUX President Deals by sector 18-21 BEN STASIUK Vice President SVB: Global trade tensions create stress—and opportunity 22-23 Contact Silicon Valley Bank svb.com Female founders 24-25 [email protected] Nontraditional investors 27-28 Carta: How dual-class and single-class companies Carta 29-30 MISCHA VAUGHN Head of Editorial compare JEFF PERRY Vice President of Revenue D’ARCY DOYLE Senior Vice President of Investor Exits 32-33 Services Sales VINCENT TIMONEY Director of Channel Strategy Fundraising 34-35 Contact Carta Methodology 37 carta.com 2 Q4 2019 PITCHBOOK-NVCA VENTURE MONITOR Executive summary The big question mark at the start of 2019 was how VC deal value would fare after a historic showing in the year prior. -
FT PARTNERS RESEARCH 2 Fintech Meets Alternative Investments
FT PARTNERS FINTECH INDUSTRY RESEARCH Alternative Investments FinTech Meets Alternative Investments Innovation in a Burgeoning Asset Class March 2020 DRAFT ©2020 FinTech Meets Alternative Investments Alternative Investments FT Partners | Focused Exclusively on FinTech FT Partners’ Advisory Capabilities FT Partners’ FinTech Industry Research Private Capital Debt & Raising Equity Sell-Side / In-Depth Industry Capital Buy-Side Markets M&A Research Reports Advisory Capital Strategic Structuring / Consortium Efficiency Proprietary FinTech Building Advisory FT Services FINTECH Infographics Partners RESEARCH & Board of INSIGHTS Anti-Raid Advisory Directors / Advisory / Monthly FinTech Special Shareholder Committee Rights Plans Market Analysis Advisory Sell-Side Valuations / LBO Fairness FinTech M&A / Financing Advisory Opinion for M&A Restructuring Transaction Profiles and Divestitures Named Silicon Valley’s #1 FinTech Banker Ranked #1 Most Influential Person in all of Numerous Awards for Transaction (2016) and ranked #2 Overall by The FinTech in Institutional Investors “FinTech Excellence including Information Finance 40” “Deal of the Decade” • Financial Technology Partners ("FT Partners") was founded in 2001 and is the only investment banking firm focused exclusively on FinTech • FT Partners regularly publishes research highlighting the most important transactions, trends and insights impacting the global Financial Technology landscape. Our unique insight into FinTech is a direct result of executing hundreds of transactions in the sector combined with over 18 years of exclusive focus on Financial Technology FT PARTNERS RESEARCH 2 FinTech Meets Alternative Investments I. Executive Summary 5 II. Industry Overview and The Rise of Alternative Investments 8 i. An Introduction to Alternative Investments 9 ii. Trends Within the Alternative Investment Industry 23 III. Executive Interviews 53 IV. -
Santa Barbara County Employees' Retirement System
Santa Barbara County Employees’ Retirement System 2021 Private Equity Strategic Plan Agenda • Program Review 3 • Portfolio Snapshot and Performance Summary 9 • Strategic Plan 13 • Appendix 20 Program Review PE Portfolio Highlights - September 30, 2020 Hamilton Lane (“HL”) is entering our 15th year of building the Santa Barbara County Employees’ Retirement System (“SBCERS”) PE Program Performance • Since inception IRR of 12.67% outperforms the benchmark (Russell 3000 + 300 bps) by 28 bps • Double-digit performance for the one-year period, with a point-to-point IRR of 14.96% Strategic Objectives • Fulfilled all objectives outlined in the 2020 Strategic Plan • PE target of 10% established in 2016; Portfolio at 11.45% as of September 30, 2020 • Established a strong foundation of top tier managers Additional Highlights • Accessed highly sought, oversubscribed funds • Received preferred legal terms for one fund in 2020 as a result of the HL platform • Presented Private Equity 101 to new Board Members Hamilton Lane | Global Leader in the Private Markets Proprietary and Confidential | 4 SBCERS’ Private Equity Investment Milestones Hamilton Lane was hired by SBCERS in 2006 to select new investments, monitor, and provide advice for the private equity portfolio 2005 - Lexington Capital Partners VI • First private equity investment (made by SBCERS) 2006 - HL hired to build long-term PE allocation to 5% • Original contract allowed HL to invest $80M on behalf of SBCERS 2008 - Amendment to contract giving HL full discretion • Recommended annual commitment -
United States Venture Capital Review
United States Venture Capital Review FULL YEAR 2020 United States Venture Capital Full Year 2020 | United States Venture Capital Review United States Venture Capital Deals Intelligence Venture Capital Investment Activity in U.S. Companies $140 6000 UNITED STATES VENTURE CAPITAL INVESTMENTS REACHES $124.8 BILLION United States venture capital investments reached a record high of $124.8 billion from 5,084 transactions during full year 2020, a 16% increase by dollars despite a 4% downtick in numbers of $120 deals compared to a year ago. United States venture-stage investment during the fourth quarter alone 5000 totaled $30.6 billion from 1,208 deals, a 20% decrease compared to the third quarter of 2020 in terms of dollars. $100 4000 FOUR VENTURE INVESTMENTS OVER $1 BILLION COMPLETED Four venture-stage investments over $1 billion, totaling $8.4 billion, were secured in 2020. Rivian $80 Automotive, a manufacturer of electric vehicles, secured a $2.5 billion investment from a consortium 3000 of investors, leading all other venture investments in 2020. Waymo, a company that develops self- $60 driving vehicles, secured the second largest venture investment with $2.3 billion in capital. Also included was the $1.9 billion investment into SpaceX which produces space transport vehicles and 2000 the $1.8 billion investment into video game and software developer, Epic Games. $40 COMPUTER SOFTWARE & SERVICES LEADS ALL SECTOR BY DOLLARS INVESTED 1000 The Computer Software & Services sector led all other sectors by value with $50.3 billion invested in $20 more than 2,000 transactions during full year 2020, an increase of 23% in dollars compared to 2019. -
Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 8/7/2017 – 8/11/2017 (Transactions in Excess of $15 Million) Commentary
Private Placement Activity Chris Hastings | [email protected] | 917-621-3750 8/7/2017 – 8/11/2017 (Transactions in excess of $15 million) Commentary . Iconectiv, a developer of telecommunications software and interconnection technology, raised $200 million — Francisco Partners led the deal. Information Resources, a provider of consulting and advisory services, raised $100 million. Investors include New Mountain Capital and Silver Canyon Group. Appboy, a developer of a life-cycle engagement platform, raised $50 million in Series D funding at a $350 million pre-money valuation — ICONIQ Capital led the round. Oryx Vision, a developer of next-generation automotive LiDAR technology, raised $50 million in Series B funding — Third Point Ventures and WRV led the round. Chef’d, a provider of an online food sales and delivery service, raised $35 million in Series B funding. Amplitude, a provider of a mobile and web-based analytics platform, raised $30 million in Series C funding — IVP led the round. Signals Analytics, a developer of an insights as a service augmented intelligence platform, raised $25 million in Series C funding — Pitango Venture Capital led the round. InContext Solutions, a developer of 3D virtual simulation technology, raised $22 million in Series F funding — Beringea and Intel Capital led the round. Stratford School, a provider of academic programs, raised $21 million. Investors include Warburg Pincus. Guideline, a provider of automated investment technology, raised $15 million in Series B funding at a $70 million pre-money valuation — Felicis Ventures led the round. Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology Developer of telecommunications software and interconnection technology. -
Boston San Francisco Munich London
Internet & Digital Media Monthly August 2018 BOB LOCKWOOD JERRY DARKO Managing Director Senior Vice President +1.617.624.7010 +1.415.616.8002 [email protected] [email protected] BOSTON SAN FRANCISCO HARALD MAEHRLE LAURA MADDISON Managing Director Senior Vice President +49.892.323.7720 +44.203.798.5600 [email protected] [email protected] MUNICH LONDON INVESTMENT BANKING Raymond James & Associates, Inc. member New York Stock Exchange/SIPC. Internet & Digital Media Monthly TECHNOLOGY & SERVICES INVESTMENT BANKING GROUP OVERVIEW Deep & Experienced Tech Team Business Model Coverage Internet / Digital Media + More Than 75 Investment Banking Professionals Globally Software / SaaS + 11 Senior Equity Research Technology-Enabled Solutions Analysts Transaction Processing + 7 Equity Capital Markets Professionals Data / Information Services Systems | Semiconductors | Hardware + 8 Global Offices BPO / IT Services Extensive Transaction Experience Domain Coverage Vertical Coverage Accounting / Financial B2B + More than 160 M&A and private placement transactions with an Digital Media Communications aggregate deal value of exceeding $25 billion since 2012 E-Commerce Consumer HCM Education / Non-Profit + More than 100 public equities transactions raising more than Marketing Tech / Services Financial $10 billion since 2012 Supply Chain Real Estate . Internet Equity Research: Top-Ranked Research Team Covering 25+ Companies . Software / Other Equity Research: 4 Analysts Covering 40+ Companies RAYMOND JAMES / INVESTMENT BANKING OVERVIEW . Full-service firm with investment banking, equity research, institutional sales & trading and asset management – Founded in 1962; public since 1983 (NYSE: RJF) – $6.4 billion in FY 2017 revenue; equity market capitalization of approximately $14.0 billion – Stable and well-capitalized platform; over 110 consecutive quarters of profitability . -
Healthy Living Consumer Products: Industry Update, Deal Review and ‘Hot’ Categories
Healthy Living Consumer Products: Industry Update, Deal Review and ‘Hot’ Categories Natural Products Expo West Michael Burgmaier Nicolas McCoy Managing Director Managing Director March 2017 o. 508-251-5702 o. 508-251-8205 c. 207-232-2480 c. 508-954-4931 [email protected] [email protected] 2 What the Whipstitch Team Has Been Up To 2016 by the Numbers • Three M&A Transactions • Four Private Placements • One Unannounced Deal • Three New Team Members • Eight New Associated Industry Experts (Our “Stitching Crew”) • Ten Speaking Events with Emerging Consumer Companies • One Stitching Crew Lobster Bake 2017 Transactions Bill Moses Joins the Whipstitch Team as • Several transactions expected to close Senior Operating and Strategic Advisor in first half of 2017, for example: • Former Co-Founder, Chairman/ CEO of KeVita Probiotic Drinks o Nutrient-dense Superfood Company • Founder, angel investor and o Sports Nutrition and Supplement strategic advisor to several on- Company trend functional CPG ventures • Owner of Casa Barranca Winery o Better-for-you Snack Company • Charity advocate & non-profit board member 3 Contents . Whipstitch Capital Overview . Healthy Living: Industry Overview and Deal Update / Whipstitch’s Top 11 Healthy Living Consumer Trends . SPINS Market Update: Produced for Whipstitch’s Industry Analysis . Food & Beverage M&A and Private Placement Deal Data 4 Whipstitch – A Bank Solely Focused on the Healthy Living Market Whipstitch [hwip-stitch] Noun. The stitch that passes over an edge, in joining, finishing, or gathering. • Launched October 2015 by Nick McCoy and Michael Burgmaier • Focused exclusively on innovative consumer companies • Financial Advisory on M&A and institutional private placements • Participate in over 15 consumer industry events/year • Lead events such as all-day financing seminars, networking events • The Whipstitch team has completed >50 consumer transactions; select recent deals: 5 Whipstitch Differentiation: This is What We Do Focus You Get the Top Experience . -
Enterprise Tech 30—The 2021 List
Enterprise Tech 30—The 2021 List Rajeev Chand Partner Head of Research The Enterprise Tech 30 is an exclusive list of the most promising private Peter Wagner companies in enterprise technology. The list, which is in its third year, is Founding Partner based on an institutional research and survey process with 103 leading venture capitalists, who are identified and invited based on their track Jake Flomenberg Partner record, expertise, and reputation for discernment. Olivia Rodberg The Enterprise Tech 30 is now a platform for the startup community: a Research Associate watershed recognition for the 30 companies and a practical and February 24, 2021 invaluable resource for customers, partners, journalists, prospective team members, service providers, and deal makers, among others. We are pleased to present the Enterprise Tech 30 for 2021. Wing Venture Capital 480 Lytton Avenue Palo Alto, CA 94301 Early Mid Late 1. Modern Treasury 1. Zapier 1. HashiCorp 2. Privacera 2. Fishtown Analytics 2. Stripe 3. Roam Research 3. Retool 3. Databricks 4. Panther Labs 4. Netlify 4. GitLab 5. Snorkel AI 5. Notion 5. Airtable 6. Linear 6. Grafana Labs 6. Figma 7. ChartHop 7. Abnormal Security 7. Confluent 8. Substack 8. Gatsby 8. Canva 9. Monte Carlo 9. Superhuman 9. LaunchDarkly 10. Census 10. Miro 10. Auth0 Special Calendly 1 2021 The Curious Case of Calendly This year’s Enterprise Tech 30 has 31 companies rather than 30 due to the “curious case” of Calendly. Calendly, a meeting scheduling company, was categorized as Early-Stage when the ET30 voting process started on January 11 as the company had raised $550,000.