NEW YORK: Buyers Edge Platform, a pioneer in digital procurement for the foodservice sector, has announced a substantial $425 million preferred equity investment. The investment round is spearheaded by General Atlantic Credit’s Atlantic Park fund, with notable contributions from Blackstone Tactical Opportunities and Morgan Stanley Tactical Value funds. The infusion of capital is set to…
Tag: investment
Global Markets and the NYC Stock Exchange: A Comprehensive Look at International Trading
The New York Stock Exchange (NYSE), a symbol of financial prowess and economic might, has been at the forefront of international trading since its inception. Its story began over two centuries ago, in 1792, with a group of stockbrokers and merchants gathering beneath a buttonwood tree on Wall Street. This modest assembly marked the birth…
Schroder BSC Social Impact Trust commits £5 million to Savills affordable housing
LONDON: Schroder BSC Social Impact Trust plc has committed £5 million to the Savills IM Simply Affordable Homes Limited Partnership. This investment aligns with the company’s High Impact Housing asset class allocation and aims to address the pressing social challenges in the UK. The fund, managed by the esteemed Savills Investment Management, boasts an impressive…
SK Hynix announces $3.87 billion chip packaging plant in USA
SK Hynix, a global leader in memory chip production, has unveiled plans to invest $3.87 billion in its inaugural chip packaging plant on American soil. This move is a strategic win for the Biden administration’s initiative to bring chip manufacturing back to the U.S. The announcement was made at Purdue University in West Lafayette, Indiana,…
Omniwire receives $2 million investment to Fuel Fintech Innovation
Omniwire, a pioneering company at the forefront of financial technology, has announced a substantial $2 million investment. This new funding is set to propel the company’s mission to revolutionize the fintech landscape with cutting-edge solutions. The investment marks a pivotal moment for Omniwire, enabling the company to accelerate its growth trajectory and expand its suite…
EV mini-truck company, TELO secures $5.4M funding in a round led by Neo
TELO, an emerging leader in electric vehicle innovation, has announced a significant $5.4 million funding round led by Neo. The investment, which includes contributions from Spero Ventures and several angel investors, marks a pivotal moment in the company’s expansion. This financial milestone follows a $1.78 million pre-seed round and comes alongside the appointment of Tesla…
Entrada receives strategic investment from Databricks Ventures
Entrada, a leading Databricks consulting and implementation services firm, has secured a strategic investment from Databricks Ventures, the investment arm of the Data and AI company. The investment will help Entrada scale its next leg of growth and deliver industry-focused AI + data solutions to its customers. Entrada’s CEO, Trey Roldan, said that the investment…
Induver and Clover merge to form Belgium’s leading corporate insurance broker
LONDON: Induver and Clover, two of Belgium’s leading independent corporate insurance brokers, have announced their merger to create a new market leader in the sector. The combined business will benefit from the support of Hg, a leading investor in software and services businesses, as a minority shareholder. The merger brings together Induver’s premium positioning and…
OKX Ventures makes Series A investment in Taiko, a leading Ethereum Layer 2 solution
OKX Ventures, the investment arm of OKX, has announced its Series A investment in Taiko, a decentralized, Ethereum-equivalent ZK-Rollup that aims to scale Ethereum and enable a more inclusive Web3 ecosystem. Taiko is a Layer 2 solution that leverages zero-knowledge proofs (ZKPs) to achieve high scalability, low latency, and low fees, while preserving the security…
Summit Partners invests in Insurcomm, a leading restoration services provider
Insurcomm, a provider of commercial and residential restoration services, has received a majority growth investment from Summit Partners, a global alternative investment firm. The investment will help Insurcomm expand its operations and acquire other providers who share its mission of delivering high-quality service to clients facing property loss events. Insurcomm offers a range of property…
Hoteles BESTPRICE reports record revenue and growth in 2023
PARIS, FRANCE: Hoteles BESTPRICE, a boutique hotel chain listed on the EURONEXT PARIS stock market, has announced its best year in history, with a net revenue of €5.46 million in 2023, a 29% increase from the previous year. The company also achieved an operating profit of €2.1 million, a 35% increase from 2022. The hotel…
Citi and BNP Paribas invest in United Fintech, a neutral platform for fintech innovation
United Fintech, a neutral Digital Transformation Platform that connects global financial institutions and cutting-edge technology providers, has secured strategic investments from Citi and BNP Paribas, two of the world’s leading banks. The deal, led by Citi, gives the banks rotating board seats and access to quarterly industry roundtables hosted by United Fintech, where they can…