Travelshift raises USD 10 Million capital from existing shareholders
Travelshift, the leading online travel agency (OTA) in Iceland has raised $10 million USD of capital from existing shareholders, raising the total funding amount to $30 million USD. The financing represents a vote of confidence from Travelshift’s current investors in the company’s growth trajectory and future potential. According to Harshal Chaudhari, President, and Chief Investment […]
Adaptive Shield receives strategic investment from Blackstone
Adaptive Shield, a leader in SaaS security, yesterday announced a new investment from Blackstone Innovations Investments, Blackstone’s strategic investment arm, bringing its total capital raised to $44M. This investment will be used to accelerate Adaptive Shield’s mission to protect companies as the number of SaaS applications used by enterprises has continued to grow rapidly. This growth […]
Hagerty receives USD 105 Million in Capital from investors
Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, recently announced that the company is raising $105 million in capital from existing strategic investors including State Farm, Markel Group and the Hagerty family. This capital raise is comprised of $80 million of convertible preferred equity, which closed on June 23rd, […]
J.P. Morgan enters into agreement to acquire Aumni
J.P. Morgan announced yesterday that it has entered into a definitive agreement to acquire Aumni, one of the leading provider of investment analytics software to the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023. Founded in 2018, Aumni’s proprietary data analytics engine structures, […]
Broadhill Capital releases its 2023 capital deployment plan
Broadhill Capital announced today that the firm will target to commit equity investment of USD 15 Billion across approximately 100-150 businesses. “We expect to make non-control equity investments into businesses that have the potential to achieve 5-10x revenue growth with our capital commitment,” stated investment committee member Francis König. “We separate ourselves by our willingness […]
For consolidating capital, Fosun receives a loan worth RMB12 billion
Recently, Fosun High Technology, the domestic operating entity of Fosun International Limited, and eight domestic banks held a syndicated loan signing ceremony at the Bund Finance Center, Shanghai. According to the agreement, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications as joint lead […]
