VC

Industry growth softening as global alternatives market AUM to reach $24.5tn by 2028 — Preqin forecasts 

Retrieved on: 
Tuesday, October 17, 2023

Headline figures show that global alternatives assets under management (AUM) are expected to reach $24.5tn by the end of 2028, compared to an estimated $16.3tn at the end of 2023.

Key Points: 
  • Headline figures show that global alternatives assets under management (AUM) are expected to reach $24.5tn by the end of 2028, compared to an estimated $16.3tn at the end of 2023.
  • The Preqin report also found that global private capital fundraising3 is set to reach $1.49tn by 2028, from $1.32tn in 2022.
  • Responses to the Preqin Investor Outlook: Alternative Assets, H2 2023 suggest the outlook for private debt remains bright, despite macroeconomic difficulties.
  • Infrastructure: Against the backdrop of a slow infrastructure fundraising market in the first half of 2023, Preqin forecasts global infrastructure AUM will reach $1.7tn by the end of 2028.

Parker Moss to Join Exscientia as EVP, Corporate Development

Retrieved on: 
Tuesday, October 17, 2023

Exscientia plc (Nasdaq: EXAI) today announced the appointment of Parker Moss as Executive Vice President, Corporate Development, effective January, 2024.

Key Points: 
  • Exscientia plc (Nasdaq: EXAI) today announced the appointment of Parker Moss as Executive Vice President, Corporate Development, effective January, 2024.
  • In this newly established role, Parker will lead the creation and execution of a focused corporate development strategy to strengthen further and create new market opportunities for the company’s precision medicine, clinical and tech innovation platforms, with a particular focus on oncology.
  • Parker is also the co-lead of Genomics England’s research programme in cancer and rare disease.
  • Parker also holds several non-executive roles, including on the Cancer Research Horizons board (a company wholly owned by Cancer Research UK).

Marketplace for pre-IPO stock raises at US $77 million valuation following explosive growth

Retrieved on: 
Tuesday, October 17, 2023

Hiive, the world's fastest growing marketplace for stakes in private venture backed companies, raised at a US $77 million post-money valuation.

Key Points: 
  • Hiive, the world's fastest growing marketplace for stakes in private venture backed companies, raised at a US $77 million post-money valuation.
  • SAN FRANCISCO, Oct. 17, 2023 /PRNewswire/ - Hiive , the first marketplace offering direct trading between buyers and sellers of pre-IPO shares, has raised its first institutional capital from global investors.
  • In the past 12 months, the marketplace has grown both its rate and volume of transaction completion around six times.
  • We aim to offer companies a flexible alternative to this approach while keeping them in control of key parameters."

With An Additional $25 Million of Equity Raised, Society Brands Is In The Strongest Position Since Its Founding

Retrieved on: 
Tuesday, October 17, 2023

CANTON, Ohio, Oct. 17, 2023 /PRNewswire/ -- Society Brands, a tech-enabled consumer products company built for and by founders, today announced it has raised an additional $25 million of equity, most recently having secured $11 million in a funding round led by Gullane Capital, LLC, an investment firm focused on managing and advising pooled investment vehicles consisting of qualified individuals.

Key Points: 
  • Since its initial raise of $205 million, Society Brands has raised an additional $25 million in equity funding bringing the total capital commitment since inception to $230 million.
  • "Despite recent headwinds in the e-commerce space, Society Brands is stronger than ever.
  • In recent months, Society Brands has fostered genuine organic growth by cultivating powerful relationships between brands.
  • Society Brands successfully owns and operates seven distinct brands including Capsule Supplies, Barnesmith, Power Theory, and Wolf Tactical, to name a few.

Visteon to Announce Third Quarter 2023 Results on Oct. 26

Retrieved on: 
Wednesday, October 11, 2023

VAN BUREN TOWNSHIP, Mich., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, will release its third quarter 2023 financial results before the market opens on Thursday, Oct. 26.

Key Points: 
  • VAN BUREN TOWNSHIP, Mich., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Visteon Corporation (Nasdaq: VC), a global technology company serving the mobility industry, will release its third quarter 2023 financial results before the market opens on Thursday, Oct. 26.
  • The company will host a conference call for the investment community at 9 a.m.
  • ET to discuss the results and related matters.
  • The phone replay will be available soon after the completion of the call and until 11:59 p.m.

Unleashing the Power of Voice Generation AI

Retrieved on: 
Tuesday, October 10, 2023

LONDON , Oct. 10, 2023 (GLOBE NEWSWIRE) -- Online Blockchain Plc (LSE:OBC) and ElevenLabs - a world-leader in voice Artificial Intelligence (AI) research and deployment - are collaborating in a tech partnership to unlock the full potential of voice AI.

Key Points: 
  • LONDON , Oct. 10, 2023 (GLOBE NEWSWIRE) -- Online Blockchain Plc (LSE:OBC) and ElevenLabs - a world-leader in voice Artificial Intelligence (AI) research and deployment - are collaborating in a tech partnership to unlock the full potential of voice AI.
  • Synthia has implemented ElevenLabs’ highly realistic text-to-speech, low latency voice AI
    Synthia, the whole-life AI Assistant being developed by Online Blockchain, is utilising ElevenLabs’ AI-powered text-to-speech models to generate high quality, human-sounding dialogue.
  • No more robotic, incongruous, high latency speech, Synthia AI’s voice calls and website interactions are natural and intuitive and have potential to be nearly impossible to distinguish from a real-life assistant.
  • Online Blockchain is also looking at deploying ElevenLabs’ tech so Synthia users can ‘train’ their own models to fully customise their AI assistant, and installing its new multilingual voice generation model, which is capable of accurately producing AI audio in nearly 30 languages.

Opus Security Wins 2023 CyberSecurity Breakthrough Award

Retrieved on: 
Thursday, October 5, 2023

SAN FRANCISCO and TEL AVIV, Israel, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Opus Security , a leading provider of cloud-native remediation, today announced that it has won the CyberSecurity Breakthrough Award for “Security Orchestration Solution of the Year.”

Key Points: 
  • SAN FRANCISCO and TEL AVIV, Israel, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Opus Security , a leading provider of cloud-native remediation, today announced that it has won the CyberSecurity Breakthrough Award for “Security Orchestration Solution of the Year.”
    Today, security teams need to work with numerous engineering groups to achieve their ideal security posture.
  • As engineers take on more significant security responsibilities, CISOs find themselves in a new role: Risk Orchestrators.
  • Built to help facilitate seamless collaboration among security and development teams, Opus accelerates cybersecurity decision-making and enables frictionless and scalable remediation orchestration.
  • The Opus Security Platform offers security leaders the following:

New AAAIM Study: AAPI-owned funds significantly underrepresented in US AUM despite outperformance

Retrieved on: 
Monday, October 16, 2023

The Association of Asian American Investment Managers (AAAIM) today released a study of AAPI-owned funds with a spotlight on assets under management (AUM) and performance.

Key Points: 
  • The Association of Asian American Investment Managers (AAAIM) today released a study of AAPI-owned funds with a spotlight on assets under management (AUM) and performance.
  • As several AAAIM studies have found, AAPIs’ experience in the asset management industry is incongruent with perception that AAPIs are overrepresented in asset management.
  • Real estate has the lowest rate of AAPI ownership – .3% of firms, .3% of funds and .2% of AUM.
  • Despite top performance, AAPI-owned funds are managing statistically less AUM so we have to ask ourselves, why?

Total Corporate Funding for Solar Sector Up 55% with $28.9 Billion in 9M 2023

Retrieved on: 
Thursday, October 12, 2023

Total corporate funding, including venture capital (VC) funding, public market, and debt financing, in 9M 2023 stood at $28.9 billion, 55% higher than $18.7 billion raised in 9M 2022.

Key Points: 
  • Total corporate funding, including venture capital (VC) funding, public market, and debt financing, in 9M 2023 stood at $28.9 billion, 55% higher than $18.7 billion raised in 9M 2022.
  • In 9M 2023, VC funding activity rose 4% YoY, with $5.7 billion in 51 deals compared to the $5.5 billion raised in 72 deals in 9M 2022.
  • Solar public market financing in 9M 2023 came to $7.2 billion in 19 deals, 47% higher compared to $4.9 billion in 11 deals in 9M 2022.
  • Announced solar debt financing activity in 9M 2023 totaled $16 billion in 54 deals, 93% higher than 9M 2022 when $8.3 billion was raised in 48 deals.

Connetic Ventures Invests in Harmony, a Digital Platform Revolutionizing Workplace Communication with Artificial Intelligence

Retrieved on: 
Tuesday, October 10, 2023

Connetic Ventures , an early-stage venture capital firm that leverages data and artificial intelligence to invest in the highest potential founders, is proud to announce a new investment in Harmony , a digital platform that utilizes AI to personalize communication in the workplace.

Key Points: 
  • Connetic Ventures , an early-stage venture capital firm that leverages data and artificial intelligence to invest in the highest potential founders, is proud to announce a new investment in Harmony , a digital platform that utilizes AI to personalize communication in the workplace.
  • “Harmony had one of the highest scores we have ever seen, primarily driven by the co-founders, and supporting team,” said Chris Hjelm , Fund Manager at Connetic Ventures.
  • Harmony integrates with native workflows and common workplace platforms, is trained on interpersonal communication strategies, and secures data as it never leaves the platform.
  • Connetic's investment in Harmony is a testament to the potential of AI and industrial psychology in revolutionizing workplace communication.