Sun.Jun 02, 2024

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America’s Piggie Banks Are Full

A Wealth of Common Sense

The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: To put this number in context, there was only ~$6 trillion in home equity following the bursting of the housing bubble following the Great Financial Crisis. Out of the $32 trillion in total equity, let’s say half of it is tappable (meaning homeowners can cash it.

Banks 145
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Vegapay Raises $5.5M in Seed Funding

FinSMEs

Vegapay, a Gurgaon, India-based fintech startup, raised $5.5M in seed funding. The round was led by Elevation Capital, with participation from Eximius Ventures. The company intends to use the funds to hire developers, designers, and engineers, to enhance its product suite, focusing on product development and regulatory compliance updates. Founded by Gaurav Mittal, Himanshu Agrawal, […] The post Vegapay Raises $5.5M in Seed Funding appeared first on FinSMEs.

Funds 114
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US shale industry’s $200bn dealmaking wave redraws energy landscape

Financial Times M&A

Consolidation battle is forcing shrinking number of oil companies to look further afield for new prospects

Prospects 111
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America’s Piggy Banks Are Full

A Wealth of Common Sense

The pandemic housing boom means Americans have more home equity than ever. Households have added roughly $12 trillion in home equity since the end of 2019: To put this number in context, there was only ~$6 trillion in home equity following the bursting of the housing bubble following the Great Financial Crisis. Out of the $32 trillion in total equity, let’s say half of it is tappable (meaning homeowners can cash it.

Banks 106
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Blackstone sweetens Hipgnosis offer as part of revised bid

Financial Times M&A

Private equity group planning to change offer to a ‘scheme of arrangement’ that would ease takeover

Bidding 95
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Reibus International Raises $30M in Funding

FinSMEs

Reibus International, an Atlanta, GA-based independent metals marketplace, raised $30M in funding. Backers included Canaan and Nosara, with HSBC as its banking partner. The company intends to use the funds to accelerate its next phase of growth and innovation. Reibus provides an independent technology platform for the procurement and sale of industrial materials in North America. […] The post Reibus International Raises $30M in Funding appeared first on FinSMEs.

Funds 72

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Forward Raises $16M in Seed Funding

FinSMEs

Forward, an Austin, TX-based technology partner empowering SaaS companies to integrate and monetize payments, raised $16M in Seed funding. The round was led by Commerce Ventures, Elefund, and Fiserv. The company intends to use the funds to meet demand from software partners while applying artificial intelligence to the risk functions of payments to improve the client […] The post Forward Raises $16M in Seed Funding appeared first on FinSMEs.

Funds 69
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Mediterrania Capital taps Ndiaye to head West Africa

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Mediterrania Capital taps Ndiaye to head West Africa first appeared on Africa Capital Digest.

Capital 52
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Flam Raises $4.5M in Pre-Series-A Funding

FinSMEs

Flam, a San Francisco, CA-based premier AI-driven mixed reality (MR) publishing platform, raised $4.5M in Pre-Series A funding. Backers included Turbostart, Twin Ventures, and Alphatron Capital, alongside angel investors and family offices. Existing backers included Inventus Capital Partners, SVQ, and 9Unicorns also invested. The company intends to use the funds to accelerate its expansion into key international […] The post Flam Raises $4.5M in Pre-Series-A Funding appeared first on FinSM

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Alcazar holds final close for second renewable energy fund

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Alcazar holds final close for second renewable energy fund first appeared on Africa Capital Digest.

Funds 52
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Iyris Raises $16M in Series A Funding

FinSMEs

Iyris, a Saudi Arabia-based AgriClimate technology company, raised $16M in Series a funding. The round was led by Ecosystem Integrity Fund, with participation from Global Ventures, Dubai Future District Fund, Kanoo Ventures, Globivest and Bonaventure Capital. The company intends to use the funds to increase sales coverage and the delivery of its international sales pipeline […] The post Iyris Raises $16M in Series A Funding appeared first on FinSMEs.

Funds 69
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Admaius Capital in buyout deal for Senegalese medical school

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Admaius Capital in buyout deal for Senegalese medical school first appeared on Africa Capital Digest.

Buyout 52
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Sinopia Biosciences Receives SBIR Grant

FinSMEs

Sinopia Biosciences, a San Diego, CA-based biotechnology company advancing novel therapeutics identified using its proprietary computational drug discovery platform, received a Small Business Innovation Research (SBIR) grant from the National Institute of General Medical Sciences (NIGMS). The company intends to use the amount to advance its computational drug discovery LEarn And DiScover (LEADS™) platform and […] The post Sinopia Biosciences Receives SBIR Grant appeared first on FinSMEs.

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OneOrder scoops $16mln in equity and debt for Series A

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post OneOrder scoops $16mln in equity and debt for Series A first appeared on Africa Capital Digest.

Debt 52
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11thEstate Raises $2M in Seed Funding

FinSMEs

11thEstate, a NYC-based provider of a platform for investors to receive entitlements from securities class action settlements and shareholder compensations, raised $2M in Seed funding. The round was led by Social Leverage. The company intends to use the funds to expand operations and development efforts. 11thEstate provides a platform for investors to get compensated in […] The post 11thEstate Raises $2M in Seed Funding appeared first on FinSMEs.

Funds 69
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Stock-bond correlation ‘shock’ prompts portfolio rethink

Top 1000 Funds

For the past two years the correlation between bonds and equities has been positive, counter to the long-term assumed relationship between the asset classes. The challenges for asset owners include determining whether the change is transient or long-term, and what it means for portfolio construction either way.

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YoLa Fresh Raises $7M in Pre-Series A Funding

FinSMEs

YoLa Fresh, a Moroccan agritech startup building a transparent and sustainable fresh food supply network, raised $7M in Pre-Series A funding. The round was led by Al Mada Ventures with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development Bank. The company intends to use the funds to expand beyond […] The post YoLa Fresh Raises $7M in Pre-Series A Funding appeared first on FinSMEs.

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Spear Capital makes investment in Zimbabwe’s Efoods

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Spear Capital makes investment in Zimbabwe’s Efoods first appeared on Africa Capital Digest.

Capital 40
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CinRx Pharma Closes Additional $73M Financing

FinSMEs

CinRx Pharma, a Cincinnati, OH-based hub-and-spoke biotech company, raised additional $73M in funding. The round, which brought the total amount to $176M, included participation from industry insiders and individuals. The company intends to use the funds to advance development of its existing portfolio programs and assets to expand in key areas of high unmet medical […] The post CinRx Pharma Closes Additional $73M Financing appeared first on FinSMEs.

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Souleymane Ba joins LeapFrog to co-head firm’s climate strategy

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Souleymane Ba joins LeapFrog to co-head firm’s climate strategy first appeared on Africa Capital Digest.

Capital 40
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insightsoftware Acquires Fiplana

FinSMEs

insightsoftware, a Raleigh, NC-based provider of comprehensive solutions for finance, accounting, and operations teams, is to acquire Fiplana, an Aachen, Germany-based Qlik financial planning and analysis (FP&A) software solution that facilitates direct data editing, process planning, and cost management. The amount of the deal was not disclosed.

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EIB approves commitment to Amethis’s latest fund

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post EIB approves commitment to Amethis’s latest fund first appeared on Africa Capital Digest.

Funds 40
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Scurri Acquires HelloDone

FinSMEs

Scurri, a Wexford, Ireland-based provider of a delivery management platform, acquired HelloDone, a London, UK-based provider of an artificial intelligence (AI) platform which provides conversational AI solutions to retailers and brands. The amount of the deal was not disclosed. The acquisition will further expand Scurri’s delivery management and post-purchase capabilities for ecommerce retailers and brands. […] The post Scurri Acquires HelloDone appeared first on FinSMEs.

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IFC financing to support glass manufacturer’s expansion

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post IFC financing to support glass manufacturer’s expansion first appeared on Africa Capital Digest.

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10 Sunday Reads

The Big Picture

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Global Loss of the U-Shaped Curve of Happiness : Happiness used to be U-shaped by age, with middle age the least happy. Not anymore. Young people are now the least happy. ( After Babel ) • Netflix Is Broken Beyond Repair. This Streaming Platform Shows a Better Way.

Bidding 64
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Adenia exits Cresta Paints stake in secondary deal

Africa Capital Digest

To read this article, you must be a paid subscription member. (Current members login here) [.] The post Adenia exits Cresta Paints stake in secondary deal first appeared on Africa Capital Digest.

Stakes 40