Venture capital

Beneficient Enters into New Liquidity Transaction with ff Venture Capital

Retrieved on: 
Wednesday, March 6, 2024
Earnout, Ff Venture Capital, Investment, NAV, Calendar, Venture capital, Fintech, Trust, Security (finance)

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Beneficient (Nasdaq: BENF) (together with its affiliates, “Ben” or the “Company”), a technology-enabled platform focused on providing liquidity and related trust and custody services to holders of alternative assets, today announced that it has agreed to the financing of liquidity transactions for three separate funds managed by ff Venture Capital, a leading venture capital firm. Limited partners in each of the participating funds have the option to participate and, in exchange for their respective interests in the fund’s alternative assets, receive, in the aggregate, up to approximately $62 million in stated value of shares of the Company’s Resettable Convertible Preferred Stock (the “Preferred Stock”), which is convertible at the election of the holder into shares of the Company’s Class A common stock and potential earnout payments over a period of up to ten (10) years. The earnout payments represent the amount of cash available for distribution from the acquired alternative assets in excess of a designated return to the Company.

Key Points: 
  • The earnout payments represent the amount of cash available for distribution from the acquired alternative assets in excess of a designated return to the Company.
  • Following closing, ff Venture Capital LLC will continue to manage the alternative assets acquired by the newly created special purpose continuation vehicles.
  • “Ben strives to provide flexible, customized liquidity and capital solutions for general partners managing alternative assets, facing challenges in raising capital, or solving for early exit demands from their limited partners,” said Brad Heppner, Chief Executive Officer and founder of Beneficient.
  • “This transaction with ff Venture Capital and its limited partners illustrates not only how we can provide a new means of liquidity for valuable alternative assets, but also how Ben’s GP Solutions can enable general partners to retain a portion of the upside of the in the alternative assets and underlying investments for their limited partners.

Sam Wilkins Joins Riviera Partners as Partner in Tech-Focused Search Firm’s Venture Capital-Backed Practice

Retrieved on: 
Thursday, February 29, 2024
Private equity, Box, OpenTable, Apollo Global Management, Y Combinator, Uber, Dropbox, Venture capital, Accel, NEA, Insight Partners, Sequoia, Sapphire Ventures, Partner (business rank), Zendesk, DNA

San Francisco, CA , Feb. 29, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed Sam Wilkins as its newest Partner, joining the firm’s Venture Capital-backed practice led by Managing Partner Eoin O'Toole .

Key Points: 
  • San Francisco, CA , Feb. 29, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed Sam Wilkins as its newest Partner, joining the firm’s Venture Capital-backed practice led by Managing Partner Eoin O'Toole .
  • Throughout his tenure, he cultivated relationships in the US by working with a diverse array of Venture Capital, Private Equity, and Publicly backed technology companies.
  • “We are delighted to welcome Sam to the team,” said Eoin O’Toole, Managing Partner at Riviera Partners.
  • “In addition to being an incredible search professional, Sam embodies the entrepreneurial DNA shared by the founders with whom we work.

Global Family Offices Database 2024: Asset Allocation, Investments, Management, and Investment Personnel by Name and Job Title, and Many with Emails - ResearchAndMarkets.com

Retrieved on: 
Thursday, February 29, 2024
Asset Management, Professional Services, Finance, Online, Real estate, Private equity, Radar, KYC, Stock, Investment, AUM, Database, Venture capital, Commercial, UHNW, Family, Microsoft Excel, SFO, Hedge fund, Financial services

Online database with detailed profiles of over 2,500 family offices globally, including KYC background to the family, the investment strategy of the family office, asset allocation, examples of investments, management, and investment personnel by name and job title, and many with emails.

Key Points: 
  • Online database with detailed profiles of over 2,500 family offices globally, including KYC background to the family, the investment strategy of the family office, asset allocation, examples of investments, management, and investment personnel by name and job title, and many with emails.
  • Single family offices manage the investments of the wealthiest families globally.
  • For those wishing to build relationships with single family offices, such as asset managers and private and investment bankers, the difficulty of access to SFOs is well-recognised.
  • Investment banks seeking to advise family offices on M&A, divesting family businesses, or raising equity or debt capital

Zcube Launches the 2024 Edition of Open Accelerator, an International Acceleration Program Aimed at Life Sciences Startups with Focus on Women's Health and Femtech

Retrieved on: 
Wednesday, February 28, 2024
Health, Venture Capital, Neurology, Finance, Consumer, Other Health, Professional Services, Oncology, Other Science, Mental Health, General Health, Science, Women, Cardiology, Cervical cancer, Mental health, Call, Investment, Physician, Partnership, Femtech, Venture capital, Gynaecology, Endocrinology, Ecosystem, SAFE, Patient, Intellectual property, Diagnosis, HTH, Community, Wi-Fi Direct, Gastroenterology, Pharmaceutical industry

Zcube - Zambon Research Venture announces the fifth edition of Open Accelerator, the international acceleration program for high-potential innovative startups in the field of life sciences.

Key Points: 
  • Zcube - Zambon Research Venture announces the fifth edition of Open Accelerator, the international acceleration program for high-potential innovative startups in the field of life sciences.
  • Starting this year, the program will focus on the femtech sector and will feature a new format.
  • The targeted therapeutic areas include gynecology, cardiovascular health, oncology, sexual health, endocrinology, gastroenterology, nutrition, autoimmune disorders, mental health, neurology, reproductive health, and more.
  • The Call for application will open on Friday, March 8, 2024, on the International Women's Day, and will remain open until June 16.

Healthcare Innovation Company Announces Investor-Led Panels on the Latest Trends for Healthcare, Navigating Generative AI at Its Annual thINc360 Event, May 29-31, in D.C.

Retrieved on: 
Thursday, March 7, 2024
Flare, EVP, Independence Blue Cross, Gen, General partnership, CareFirst BlueCross BlueShield, Venture capital, Content, Corporate development, Ecosystem, Partner (business rank), Congress, IBX, CIO

NEEDHAM, Mass., March 7, 2024 /PRNewswire-PRWeb/ --The Healthcare Innovation Company announced the addition of more investor perspectives at its upcoming thINc360 event, taking place May 29-31, in Washington, D.C, including:

Key Points: 
  • While so much of the recent buzz is centered on generative AI, and rightly so, there is so much more to explore when it comes to other investment opportunities and evaluating practical next steps with new technologies and burgeoning solutions.
  • We are excited to bring the investor and startup communities together in a large forum and continue our mission to further innovation in healthcare," said Haritha Krishnarathnam, EVP of Strategy and Content, at The Healthcare Innovation Company.
  • Additional investor insights at thINc360 will be delivered by:
    Endeavor Venture Funds & Venture Studio, Managing Partner and CIO, Martin Alexander Gershon
    Early registration deadlines are in effect, with the next one expiring on Friday, March 15.
  • Prospective attendees and sponsors are encouraged to visit https://www.thinc360.com/2024event for more information.

BETR ADDS $15 MILLION IN STRATEGIC EQUITY FINANCING TO FURTHER ACCELERATE ITS SPORTS GAMING AND MEDIA BUSINESSES

Retrieved on: 
Wednesday, March 6, 2024
Online, Acquisition, Social media, Hoosier, EVP, Fantasy, Growth, TAM, Regulatory affairs, General Atlantic, Entrepreneurship, Sport, IPO, Venture capital, Commercial, Directory, FanDuel, Fuel Venture Capital, DraftKings, Actua Corporation, Economics, Capital, Head

MIAMI, March 6, 2024 /PRNewswire/ -- Betr Holdings, Inc. ("Betr") today announced it has closed $15 million in strategic equity financing from a premier group of investors at a $375 million valuation, bringing its total funding to date to $100 million. The round was co-led by Harmony Partners and 10x Capital, with participation from the company's three largest existing investors: Fuel Venture Capital, Aliya Capital Partners, and Roger Ehrenberg/Eberg Capital, alongside others. This round of financing comes off a highly successful 2023 for Betr, where the company reached a significant level of scale – both with respect to paying users and revenue – while doing so efficiently and profitably.     

Key Points: 
  • Betr has also officially received its temporary Indiana sports wagering license from the Indiana Gaming Commission in recent weeks.
  • Betr also recently announced that it has fortified its senior leadership team, hiring Dan Maas as Head of Media Revenue, Partnerships, and Strategy and hiring Andrew Winchell as Head of Government Affairs.
  • Dan will lead monetization efforts for Betr Media, positioning Betr's media arm to become a large bona fide revenue-generating business - in addition to the primary benefit Betr Media serves, which is to create unfair customer acquisition economics for Betr Gaming.
  • "We are thrilled to announce our strategic equity financing, new members of our senior leadership team, and the approval of our temporary Indiana sports wagering license," said Joey Levy, Founder and CEO of Betr.

Investor Jesse Draper to Guest Star on Episode of Roku Channels "Side Hustlers"

Retrieved on: 
Wednesday, February 28, 2024
Woman, HopSkipDrive, LOS, General partnership, Khloé Kardashian, Draper, Female, Jesse Draper, Entrepreneurship, The Naked Brothers Band, Venture capital, Human, Partner, The Roku Channel, Emmy Awards, P&G, Interview

LOS ANGELES, Feb. 28, 2024 /PRNewswire/ -- Powerhouse investor and entrepreneur Jesse Draper has joined the new Roku Channel competition series Side Hustlers, and will appear as a guest star in the series that premieres on March 1st, 2024. As the founding partner of Halogen Ventures, the first solo female General Partner in Los Angeles, and a 4th generation venture capitalist and gender advocate, Draper brings her killer track record for investing in women entrepreneurs who are building billion dollar businesses to the show.

Key Points: 
  • Draper has been a leading voice in technology and entertainment for well over a decade and started her non-traditional career as a Nickelodeon star on 'The Naked Brothers Band'.
  • Draper saw the huge gender disparity happening in venture capital and technology during this time through the show and set out to interview 50 percent female founders.
  • Roku Channel's Side Hustlers is a docu-follow series where savvy investors mentor aspiring entrepreneurs in a first-of-its-kind format.
  • The investor decides if they want to put a large amount of cash into the business.

GenNx360 Expands with New Director of Business Development, Jordan Buxton - Punch

Retrieved on: 
Wednesday, February 28, 2024
Acquisition, Investment, Wells Fargo, Business development, Venture capital, St. Paul's School, Yale University, Science, Partnership

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- GenNx360 Capital Partners ("GenNx360"), a New York-based private equity buyout firm investing in middle market industrial and business services companies, announced today the addition of Jordan Buxton - Punch as Director of Business Development.

Key Points: 
  • NEW YORK, Feb. 28, 2024 /PRNewswire/ -- GenNx360 Capital Partners ("GenNx360"), a New York-based private equity buyout firm investing in middle market industrial and business services companies, announced today the addition of Jordan Buxton - Punch as Director of Business Development.
  • Jordan will manage all aspects of the origination process for both platform and bolt-on acquisitions, including sourcing, relationship management and partnership identification.
  • Prior to joining GenNx360, Jordan served as Director of Business Development for Live Chair, Inc., a Venture Capital-funded start up.
  • Prior to Live Chair, Jordan was Senior Vice President, Investments at Nightingale Partners LLC, a private investment vehicle and Opportunity Zone Fund.

Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi

Retrieved on: 
Thursday, February 22, 2024
Crypto, ZK, Apollo, Noir, KYC, Confidentiality, Venture capital, SNARK, Nomura, Decentralized finance, Cryptocurrency

With this latest round, Singularity has raised close to US$4 million since its inception.

Key Points: 
  • With this latest round, Singularity has raised close to US$4 million since its inception.
  • Singularity is leading the way in developing a KYC/KYB-compliant institutional DeFi access layer, providing access to leading protocols for on-chain institutional participants while prioritizing commercial confidentiality.
  • Users can seamlessly access existing on-chain liquidity and conduct transactions within Singularity, all while benefiting from on-chain anonymity by utilizing advanced zero-knowledge technology.
  • "We are excited to support Singularity on its journey to bring private and compliant DeFi accessibility to institutions."

Singularity Closes $2.2M in Latest Funding Round to Provide Institutions Confidential Access to DeFi

Retrieved on: 
Thursday, February 22, 2024
Crypto, ZK, Apollo, Noir, KYC, Confidentiality, Venture capital, SNARK, Nomura, Decentralized finance, Cryptocurrency

With this latest round, Singularity has raised close to US$4 million since its inception.

Key Points: 
  • With this latest round, Singularity has raised close to US$4 million since its inception.
  • Singularity is leading the way in developing a KYC/KYB-compliant institutional DeFi access layer, providing access to leading protocols for on-chain institutional participants while prioritizing commercial confidentiality.
  • Users can seamlessly access existing on-chain liquidity and conduct transactions within Singularity, all while benefiting from on-chain anonymity by utilizing advanced zero-knowledge technology.
  • "We are excited to support Singularity on its journey to bring private and compliant DeFi accessibility to institutions."