Weekly Investment Picks (July 6 to July 13)
July 13, 2020
The latest family office and institutional deals from the past week.
UK infrastructure platform PiP acquired by Foresight Group
Foresight Group, an alternative investments firm has acquired the Pensions Infrastructure Platform (PiP), an infrastructure investment platform that has been developed to facilitate long-term investment into UK infrastructure by pension schemes. The financial details of the deal were not disclosed, however PiP is estimated to be worth £1.8 billion ($2.27 billion).
Bd-capital acquires UK-based Symprove in debut deal
Bd-capital, a company founded in Surrey in 2002, sealed its debut deal with the acquisition of UK’s Symprove. Symprove helps support the gut microbiome by producing its own formula of a water-based probiotic food supplement.
General Catalyst-Backed Kernel secures $53 million Series C
The Los Angeles-based Company, Kernel, brought in its investment of $53 million series C round that is being led by the General Catalyst. The round was supported by Khosla Ventures, Eldridge, Manta Ray Ventures, Tiny Blue Dot and Johnson. A total raise of $107 million given to the company by the Series C.
Robotic process automation software startup UiPath lands $225 million in a Series E round of funding
In a round led by Alkeon Capital, New York-based robotic process automation software startup UiPath has raised $225 million in additional funding. The deal brings the company’s total funds raised to $1.2 billion, while the company is estimated to be worth $10.2 billion.
MariaDB Raises $25M To Focus On Cloud Database
Led by SmartFin Capital supported by a new investor GP Bullhound and other existing investors. The funding which is an extension of the company’s Series C round was made as per MariaDB statement. The fund will be used to focus on SkySQL, the company’s cloud database which is the fastest growing product introduced by Maria DB.
Rethink Impact Closes Second Fund With $182M
Based in Washington, D.C., New York and San Francisco, a firm founded by Jenny Abramson is dedicated to investing in female tech entrepreneurs who are experiencing global challenges. Based in nearly 40 states, backers for the new fund are 65 percent female. Pivotal Ventures, the Ford Foundation, The W.K. Kellogg Foundation and university endowments are some of the mentioned investors.
‘Fortnite’ Maker Epic Games secures $250M from Sony
Sony and Epic Games plan to enhance their partnership via a funding deal. The video game publisher is now worth $17.86 billion. Based in Cary, North Carolina, Epic Games is known for creating games like “Fortnite” and “Infinity Blade.” They also offer the Unreal Engine, a collection of tools for game development.
Butler Hospitality has raised $15 million in Series A round.
Butler Hospitality, a “ghost kitchen” operator, based in New York raised a $15 million Series A round participated by The Kraft Group, &vest, Scopus Ventures and Mousse Partners. The new funding brings the company’s total amount raised to $20.2 million. The fund will be used to increase hotel partnerships in new markets as well as focus in deepening and adding value in its customer experience.