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| Investors adapt to a pandemic in France and Benelux countries | | During the past decade, the France and Benelux region—which includes Belgium, the Netherlands and Luxembourg—has assumed an increasingly prominent place in the private market landscape. But now, in a few different ways, the pandemic is starting to shake things up.
PitchBook's 2020 France & Benelux Private Capital Report reveals an expected dip in private equity deal value and a shift toward late-stage deals among venture investors. Other key takeaways include: - Exit activity is expected to decline in both VC and PE, in what could be a long-term trend
- New opportunities may emerge for venture-backed companies in the biotech and ecommerce sectors
- PE fundraising rates are cooling off after a record 2019
| | | | | | | | | | PE has failed to outperform stocks, research says, but LPs aren't turning away | |  | | (MirageC/Getty Images) | | | A building body of academic research has indicated that PE returns don't have the same edge they used to over the public markets. The latest example came earlier this month, when an Oxford professor published a new paper concluding that private and public equity returns in the US have been roughly equal since 2006.
But limited partners aren't likely to reallocate their funds anytime soon: | | | | | | | |
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| Unlocking growth and acceleration: How digital marketing can help investors | | Nowhere is digital transformation more crucial than in marketing: As consumer behavior continues to change, the ability to take advantage of digital opportunities can make a significant difference in a business's potential for growth.
That's why it's critical for investors to consider portfolio companies' digital marketing capabilities and evaluate digital marketing performance in the due diligence process for potential investments.
Wpromote has created a guide to Unlocking growth and acceleration: How digital marketing can help investors better evaluate portfolio companies and potential investments.
In the guide, we explore three key areas deal teams and operating partners need to consider: - The Model: Customer Lifetime Value
- The Method: Digital Marketing Strategy Due Diligence
- The Results: Portfolio Company Alignment & Acceleration
Download your copy now | | | | | | | |
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| | During the pandemic, many companies are coming to a startling realization: Their workers are more productive when they're working from home. [The New York Times]
Recent months have given the world a preview of a future healthcare system where telemedicine is king. Is it the future we want? [The New Yorker]
Different private equity firms are taking different approaches to impact and ESG investing. For some, including The Carlyle Group, it can at times be a paradoxical process. [Bloomberg] | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 6 VC valuations | 1211 People | 272 Companies | 7 Funds | | | | | | |
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| 2017 Global Funds-of-Funds | | | | | | |
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| BVP elevates Mary D'Onofrio | | | Bessemer Venture Partners has promoted Mary D'Onofrio to the role of vice president. She will focus on growth investments and work with cloud, developer and data privacy startups. D'Onofrio has been with BVP since 2018; before joining the firm, she worked as an analyst on Morgan Stanley's equity capital markets team. Based in the Bay Area, BVP has backed companies including Pinterest, LinkedIn and DocuSign. | | | | | |
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| Sana Biotechnology unveils $700M in financing | | | | | | | | | Sonder hits $1.3B valuation with latest round | | | Travel startup Sonder has raised $170 million in Series E funding, with plans to raise additional funds that will bring the round total to $200 million. Fidelity, WestCap and Inovia Capital led the financing. The new capital values the provider of high-end home rentals at $1.3 billion, compared to the $1.1 billion valuation it claimed last summer. Sonder reportedly laid off a third of its staff in March to cut costs as the pandemic set in. | | | | | | | | Ojo Labs lands $62.5M, buys Movoto | | | | | | | | | Pipe gets $60M in seed extension | | | Pipe Technologies has raised $60 million in a seed extension round. The deal, which consists of equity and asset financing, was led by Fin Venture Capital, with participation from new investors including Tribe Capital and Uncorrelated Ventures. Pipe is the developer of a platform that allows investors to fund SaaS companies without debt or dilution. Based out of Los Angeles and San Francisco, the company has also hired Michal Cieplinski as chief operating officer and chief legal officer. | | | | | | | | Sapphire Ventures leads $55M Series C for Ujet | | | | | | | | | SQream raises $39.4M for data analytics tech | | | Data analytics startup SQream has raised $39.4 million in a Series B+ led by Mangrove Capital Partners and Schusterman Family Investments. Based in New York, SQream helps users analyze data to gain business intelligence, improve performance and reduce costs. The startup raised a $26.4 million Series B in 2018. | | | | | | | | | | | | | | | Librestream locks down $24M | | | | | | | | | Openly brings home $15M Series A | | | Openly, the developer of a home insurance platform, has raised $15 million in a round led by Obvious Ventures. Existing investors including Gradient Ventures and Point Judith Capital Ventures also participated in the funding. The Boston-based company plans to use the new funding in part to expand operations in markets such as Indiana and Ohio. | | | | | |
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| Ecommerce software developer BigCommerce eyes IPO | | | BigCommerce, a developer of retail ecommerce software, has confidentially filed with the SEC for an IPO, according to Bloomberg. The listing could reportedly be valued at $1 billion. The Austin-based company was valued at $514 million after raising $64 million in 2018, according to PitchBook data. | | | | | |
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| Apple buys device manager Fleetsmith | | | Apple has purchased Fleetsmith, a company that develops tools for businesses to manage their Apple devices remotely. The San Francisco-based startup raised $30 million in April 2019 at a $92.6 million valuation. | | | | | |
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| Creative Artists Agency and NEA partner on new fund | | | Entertainment and sports talent firm Creative Artists Agency has teamed up with NEA to create a new fund, Connect Ventures. The $100 million vehicle will invest in media and technology companies, launching with an investment in Spire Animation Studios, which was co-founded by Brad Lewis, producer of "Ratatouille," and entrepreneur PJ Gunsagar. | | | | | |
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"Emerging managers, including first-time funds, were particularly susceptible to travel shutdowns, given their lack of existing relationships with allocators, making it more difficult to go through a full manager-diligence process. In the quarter, there was only one first-time fund raised, compared to seven in Q1 of 2019."
Source: PitchBook's Q1 2020 US PE Middle Market Report | | | | | |
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اللباس التقليدي الحضرمي للرجال مرحبا بكم في سلسلة اللباس التقليدي الحضرمي .. لنتعرف معا على تراثنا ...وربما أن بعض هذه الملابس لم تعد مس...
شغل الشاعر سعيد فرج باحريز رحمه الله الناس في المكلا وحضرموت عموماً باشعاره التي كانت لها مدلولات عميقة وثاقبة ومعانٍ بليغة وحكيم...
