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iAngels Deal Digest – October Monthly Wrap Up

Greetings from Tel Aviv and welcome to another monthly wrap up and Happy Halloween! October was a special month in Israel, as we celebrated Rosh Hashanah, Yom Kippur, Sukkot, and Simchat Torah. With such a preponderance of holidays one might think that deal volume might suffer due to the stop and start nature of each […]

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Greetings from Tel Aviv and welcome to another monthly wrap up and Happy Halloween! October was a special month in Israel, as we celebrated Rosh Hashanah, Yom Kippur, Sukkot, and Simchat Torah. With such a preponderance of holidays one might think that deal volume might suffer due to the stop and start nature of each week… and one would be correct!

This month there were only 8 venture investments announced for $234m, alongside $75m in disclosed M&A. Time to dig a bit deeper!

October saw relatively slow acquisition activity, highlighted by Proofpoint’s $55m acquisition of FireLayers.

  • Corrigon, a digital content tracking and analysis engine, was acquired by eBay, for $20m.
  • Kampyle, a customer feedback management platform, was acquired by Medallia, a SaaS customer experience management software vendor backed by Sequoia, for an undisclosed sum. 
  • FortyClouda cloud infrastructure security solution, was acquired by FireMon, a leader in network security policy management, for an undisclosed sum. .
  • FireLayers, a security platform enabling the responsible adoption of cloud applications, was acquired by Proofpoint,  one of the largest independent software companies in the world, for $55m.

October also saw light investment activity, highlighted by Payoneer’s $180m Series E.

Seed Rounds

  • NewsTaba cloud services provider to small businesses that also aggregates news for consumers, raised $1.5m from Paul Maritz (previous CEO of VMWare) and Eyal Levy (previous CEO of Pelephone).

Series A Rounds

  • SimpleOrdera SaaS platform bridging the gap between supply chain buyers and sellers in the food and beverage industry, raised $2.75m from Lazarus, Foodlab Capital, and Cyrus Angel Fund.
  • Chorus.ai, a data analytics platform using AI and NLP to help increase sales performance, raised $6.3m from Emergence Capital.

Series B Rounds

  • Oryx Visiona company building a depth-sensor system for the connected card, raised $17m from Bessemer, with participation from Maniv Mobility, and Trucks Venture Capital.
  • PointGrab. a company converting visual signals from light installations into actionable, cost-saving analytics, raised $7m from Mitsubishi, Philips Lighting, EcoMachines Ventures, and ABB Technology Ventures.
  • Gauzy, a developer and manufacturer of liquid crystal glass-based applications , raised $7m from Lazarus, Olive Tree, and Waarde Capital.

Growth/Miscellaneous Rounds

  • Wochita social video creation platform, raised $13m from Seven Ventures, ProSieben, SPH Media Fund, and existing investors Redpoint, Marker LLC, Cedar Ventures.
  • Payoneer, a cross-border payment solution for manufacturers and service providers, raised $180m from private equity funds Susquehanna and TCV.

On behalf of everyone at iAngels, I’d like to thank you for tuning into our deal digest.  

If you’d like to receive our bimonthly digest in your inbox, please subscribe below. P.S. Don’t forget to check out our latest podcast featuring Richard Swart, Prosper’s Ron Suber, and iAngels’ Shelly Hod Moyal.

Love,
Max

Max Marine
Max Marine is an iAngels Investment Analyst. Prior to iAngels, Max was a Junior Partner at Venture1st, providing marketing and communications support to Israeli start-ups. Max passed the three CFA exams consecutively, holds an MS in Investment Management, and a B.B.A. in Finance, Real Estate, and Risk Management and Insurance from Temple University’s Fox School of Business. Contact him at [email protected]

[/av_textblock] Source: https://www.iangels.com/2016/10/iangels-deal-digest-october-monthly-wrap/

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Carlyle invests in logistics assets as Covid-19 drives e-commerce demand

Sale-and-leaseback transaction involves 27 distribution centres in France and Germany

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Carlyle has acquired a portfolio of logistics assets in France and Germany in a sale-and-leaseback transaction, as a response to a pandemic-driven rise in e-commerce demand.

The portfolio comprises 27 high-quality distribution logistics assets totalling 158,000 square meters of space focused on parcel-delivery. The assets are located near major urban and trade areas across France and Germany, the firm said in a statement.

Marc-Antoine Bouyer, managing director on the Carlyle Europe Realty advisory team, said both countries are “core” to the firm’s investment strategy in Europe. The acquisition reflects the interest in logistics and distribution, which has seen “rapidly growing delivery volumes accelerated by strong growth in e-commerce”, he said.

The investment was made via Carlyle Europe Realty (CER), a €540m pan-European real estate fund, closed in June last year. Financial details were not disclosed.

The CER vehicle targets opportunistic investments across Europe, focusing on “buy and build” platforms in key segments such as logistics, residential, student accommodation, retail, hospitality and co-working.

The private equity house with $221bn in assets under management around the world is not alone in trying to capitalise from the accelerated shift to e-commerce in Europe.

In April, KKR took a majority stake in European investor and manager of industrial and logistics assets Mirastar. In May, the US-based firm continued its move into European logistics real estate with the acquisition of Etche France from the BMF Group and its co-founders.

To contact the author of this story with feedback or news, email Elisângela Mendonça

Source: https://www.penews.com/articles/carlyle-invests-in-logistics-assets-as-covid-19-drives-e-commerce-demand-20201026

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Alternative Investments/ESG: ESG Investments Are Now Mainstream And Core Portfolio Elements

Adrian Lowcock is head of personal investing at Willis Owen. He notes that ESG’s decisive outperformance during the last one, three, and five years shows the investing approach is here to stay. Lowcock points to the 94.6% return from the MSCI ACWI ESG leaders index over five years compared to the 91.3% return from the MSCI ACWI index, as validation of his opinion.

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Alternative Investments/ESG: ESG Investments Are Now Mainstream And Core Portfolio Elements

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Gone are the days when ESG was just “nice to have,” says Adrian Lowcock at Willis Owen.

Adrian Lowcock is head of personal investing at Willis Owen. He notes that ESG’s decisive outperformance during the last one, three, and five years shows the investing approach is here to stay.

Lowcock points to the 94.6% return from the MSCI ACWI ESG leaders index over five years compared to the 91.3% return from the MSCI ACWI index, as validation of his opinion. (WealthAdviser)

ESG is core now

“These funds are core holdings now. Whereas previously, ESG was a secondary consideration, a nice to have tilt to portfolios, the world has been changing. A focus on companies that do less harm to the environment, be that alternative energy, greener food production or waste reduction, is here to stay. Crucially, investors are rewarding them,” he said.

Lowcock also points to the effect of the COVID-19 pandemic. It showed to locked-down citizens the effect of human activity on their environment.

“ESG investing is now a huge part of investing common sense, with many areas that responsible and ethical funds avoid being invested in “old” economy industries in decline,” he notes.

How the digital age is adding more power to ESG’s elbow

Lowcock also observes that advances in digital technology help companies more accurately track their environmental behavior and therefore, be more accountable for their actions.

Investors also benefit because technology helps make their opportunities more “cost-effective.”

Lowcock exhorts investors not to miss the ESG bus.

“Investors who are not on board {these trends} are going to miss out over the long term.”

Related Story:  How To See Through The “Ethical Veneer” (Bancroft Wealth)

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Source: https://dailyalts.com/alternative-investments-esg-esg-investments-are-now-mainstream-and-core-portfolio-elements/

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Digital Assets: JPMorgan Issues Bullish Bitcoin Analysis

JPMorgan (NYSE: JPM) analysts issued a note on Friday that said millennials’ preference for cryptocurrency over gold could lend a bullish tailwind to bitcoin in the coming years. Millennials would constitute an important segment of the investment fraternity and that could tip the scales in favor of BTC versus the yellow metal.

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Digital Assets: JPMorgan Issues Bullish Bitcoin Analysis

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Analysts at JPMorgan say bitcoin (BTC) will benefit at the expense of gold.

JPMorgan (NYSE: JPM) analysts issued a note on Friday that said millennials’ preference for cryptocurrency over gold could lend a bullish tailwind to bitcoin in the coming years. Millennials would constitute an important segment of the investment fraternity and that could tip the scales in favor of BTC versus the yellow metal. (MARKETS INSIDER)

Bitcoin playing catch-up with gold?

While the physical gold market commands a value of $2.6 trillion including ETFs, bitcoin is only a tiny fraction of that. (The market cap of BTC is just $243 billion, according to Bitcoin.com).

“The potential long-term upside for bitcoin is considerable as it competes more intensely with gold as an ‘alternative’ currency we believe, given that Millenials would become over time a more important component of investors’ universe,” JPMorgan wrote in their analysis.

“Even a modest crowding out of gold as an ‘alternative’ currency over the longer term would imply doubling or tripling of the bitcoin price,” the analysts said.

To reach the equivalent of the gold market, bitcoin would have to surge more than 10X from its current price levels.

Adoption too could work in favor of BTC

JPM also said that in the long run, there could be more new use cases for bitcoin – beyond its restricted role as a store of value similar to gold.

Rising crypto adoption could, therefore, add to BTC’s allure compared to the precious metal.

“The more economic agents accept cryptocurrencies as a means of payment in the future, the higher their utility and value,” JPMorgan said.

Meanwhile, Raoul Pal says gold breaking down

Bitcoin has been on a roll in recent weeks, with Square’s $50 million investment and PayPal’s move to integrate the cryptocurrency into its platform.

Technically, the crypto gave a powerful buy signal when it cleared the $12,000 level on high volume.

Coin Telegraph quoted Real Vision CEO Raoul Pal’s tweet as follows:

“Gold is breaking down versus bitcoin, as expected cc: @michael_saylor Everyone take note. The next thing I’m expecting is the correlations between BTC and the dollar and BTC vs equities to break down too… let’s see. #Bitcoin.”

Related Story:  “Front-Running Opportunity Of A Lifetime” (Raoul Pal)

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Source: https://dailyalts.com/digital-assets-jpmorgan-issues-bullish-bitcoin-analysis/

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