Robotic Process Automation Update 11/27/2020


DescriptionRobotic Process Automation (RPA) is the practice whereby an algorithm or computer software performs actions usually carried out by a human in order to complete rule-based tasks. It differs from traditional software by working at the user interface level, replicating the exact actions a human user would take, enabling companies with tools to create their own software robots to automate any business process.

NUMBERS:

Total of 145 Companies with 216 investors investing $8.82 billion USD. 2020 growth metrics saw increase of 4.08% YoY while capital invested decreased 26.47% Yoy. 2020 numbers showed 51 deals for total of $1.1 billion capital invested with 1.7 yeas average time between deals. These numbers were provide by PitchBook as well as the following chart.

BETA The Capitalization Report v20.11.16 Funds


16 new funds have announced raising capital this month (11/1 -11/15) with GTCR closing a $7.5 Billion new fund (GTCR Fund XIII)

FUNDS

Better Tomorrow Ventures Fund I2020-11-13
Faber Tech II2020-11-13
BlackSoil India Credit Fund2020-11-12
Seedcamp Fund V2020-11-11
GTCR Fund XIII2020-11-10
The Värde Dislocation Fund2020-11-10
Spearhead FUND IV2020-11-10
All Iron Ventures I2020-11-05
10D I2020-11-04
Forsyth Hawkeye Holdings, LLC2020-11-04
Bits x Bites Agrifood Tech Fund2020-11-03
Air Street Capital AI fund2020-11-02
Zeal Capital Partners Inclusive Investing Fund2020-11-02
FarmFundr1, LLC2020-11-02
Harvest Invest-017 LLC2020-11-02
A2E2020-11-01

PRESS RELESASE GTCR

CHICAGO, Nov. 10, 2020 /PRNewswire/ — GTCR today announced the recent closing of its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments.

GTCR Fund XIII, with a target of $6.75 billion, was quickly oversubscribed, culminating in a closing less than five months after the initial launch in June 2020. GTCR Fund XIII is the largest investment fund in the firm’s history and will enable the firm’s experienced investment team and CEO partners to continue to pursue attractive platform and add-on investment opportunities across a wide range of transaction values.

Read More: https://finance.yahoo.com/news/gtcr-closes-7-5-billion-134500280.html

BETA: The Capitalization Report v20.11.11 Funds


KEYWORDS: Intrinsic Capital Partners, Bentley Systems, CIVC Partners, Point Nine, Oceans Ventures, Zeal Capital Partners, Bits x Bites, PayPal Holdings, PYPL, Chingona Ventures, Fearless Fund, Harlem Capital, Precursor Ventures, Slauson & Co., VamosVentures, Zeal Capital Partners

NEW FUNDS

Intrinsic Capital Partners, a Conshohocken, Pa.-based private equity firm, closed a $102m growth equity fund

Bentley Systems (Nasdaq: BSY), an Exton, Pa.-based infrastructure engineering software company, established a $100m corporate venture capital fun

CIVC Partners, LP, a Chicago, IL-based middle market private equity firm, closed CIVC Partners Fund VI, LP, at $525m

Point Nine, a Berlin, Germany-based early stage venture capital firm, closed its fifth fund, at nearly €100m 

Newly formed NYC-based venture capital firm Oceans Ventures closed its first fund – the Oceans Ventures Fund I – totaling $11m 

Zeal Capital Partners, a Washington, DC-based early stage venture capital firm, held a $22.3M close of its Inclusive Investing™ strategy

Bits x Bites, an agrifood tech venture capital fund focusing on the Chinese market, raised $30M in the first close of its new $70m fund

PayPal Holdings, Inc. (NASDAQ: PYPL) will invest $50m in eight early-stage, Black and Latinx-led venture capital funds 

PRESS RELEASE BY PAYPAL

SAN JOSE, Calif., Oct. 28, 2020 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it will invest $50 million in eight early-stage, Black and Latinx-led venture capital funds: Chingona VenturesFearless FundHarlem CapitalPrecursor VenturesSlauson & Co.VamosVenturesZeal Capital Partners; and one additional fund. The investments are part of PayPal’s commitment to invest $530 million to support Black-owned businesses, strengthen underrepresented minority communities and fight for racial equity and economic equality.

“Black and Latinx founders have been underrepresented in venture capital funding for far too long,” said Dan Schulman, president and CEO, PayPal. “By directing our dollars to investors from underrepresented communities, we’re supporting their investment in Black and Latinx entrepreneurs at the earliest stages. We’re honored to support this outstanding group of venture capitalists as we seek to bring more equity to the fundraising process.”

PayPal will work collaboratively with these early-stage funds and, in some cases, invest directly in businesses through PayPal Ventures, its venture capital arm. PayPal Ventures invests in series A through later funding rounds of startups in areas of strategic relevance to PayPal, including financial services, commerce enablement and payments infrastructure. PayPal will also begin offering a three-month fellowship to a Black or Latinx graduate student each semester, through which the PayPal Ventures team will provide coaching, training and mentoring.

DATA: Analysis of Public PE Firm Earnings: Q3 2020


JD Morris is always looking for accredited investors to funds to co-invest with us in funds, companies, and moonshot deals. We are happy to meet with people and share our data and resarch such as from Pitchbook’s Analysis of Public PE Firm Earnings: Q3 2020

Overview of Analysis of Public PE Firm Earnings: Q3 2020is provided by Pitchbook

• The five largest publicly traded PE firms posted healthy performance
numbers for their PE strategies. Blackstone and KKR posted doubledigit gains in the quarter. Most of these managers’ funds have positive
performance on the year now, and this healthy recovery is likely a sign to
come for other managers that report later.
• Concentrated investments among a few key themes including technology
and life sciences drove performance figures for Blackstone and KKR. These
managers credited tech investments as the primary drivers of returns in the
quarter. All five firms discussed how they were approaching investments in
high-growth areas of the economy, although some have been more bullish
on these concentrated bets than others. Going forward, it seems as if these
managers will continue to allocate as much or more capital to high-growth
sectors.
• Permanent capital was a principal talking point again this quarter. While
KKR, Carlyle, and Ares seem focused on trying to replicate a similar strategy
that has proven effective at Apollo with insurance assets, Blackstone is
deviating. The largest private capital manager is rolling over a $14.6 billion
real estate holding into a new perpetual life vehicle that could prove to be a
method of growing permanent capital that others may follow.

Again, we are happy to meet with accredited investors and fund to explore deal flow sharing and co-investing.

BETA: M&A by The Capitalization Report v20.11.05


Last month saw the following numbers for M&A based on our database system:

385 M&A deals

295 Exits

$20 Billion in capital invested

$3.85 Billion Largest Deal

More than 70% of the deals where by corprations with strategic M&A vs. private equity deals. Here are some samples of deals done by private equity and asset management companies:

KKR invested $100 million in RVshare on October 21, 2020 and co-invested with 8 other groups in GetYourGuide on October 29, 2020 for total of $134.2 million invested.

HarbourVest Partners invested $52.5 million in FiveStars on October 15, 2020

Oaktree Capital Management lead the investment round of $3.82 billion in Dewan Housing Finance Corp with three investors, they invested $29.04 million in Trofa Saude on October 9, 2020.

KEYWORDS: KKR, RVshare, GetYourGuide, HarbourVest Partners, FiveStars, Oaktree Capital Management, Dewan Housing Finance Corp, Trofa Saude

DISCLOSURE: Information is provide by 3rd party providers of and has not been confirmed by the source or companies.

BETA: The Capitalization Report v20.11.03


KEYWORDS: TVM Capital Life Science, Salesforce Ventures, Thoma Bravo, NTTVC, T-Mobile Ventures, Brighteye Ventures, China Creation Ventures, OpenView Venture Partners, True Ventures

NEW FUNDS

TVM Capital Life Science, a Munich, Germany and Montreal, Canada-based life sciences venture capital firm, closed its latest fund, at US$478m

Salesforce [NYSE: CRM], the global leader in CRM, launched a second $100m Impact Fund from Salesforce Ventures, the company’s global strategic investment arm 

Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, completed the fundraising for three funds totaling more than $22.8 billion in capital commitments 

NTTVC, a Palo Alto, Calif.-based venture capital firm formed in collaboration with NTT, launched a $500m fund 

T-Mobile (NASDAQ: TMUS) has launched T-Mobile Ventures, a new multi-year investment fund focused on early and emerging growth companies developing 5G products and services for the T-Mobile network 

Brighteye Ventures, a Luxembourg-based edtech venture capital firm with offices in London and Paris, announced its $54m first close of its second fund

China Creation Ventures, a Beijing, China-based venture capital firm, closed its second USD fund, at over $300m

OpenView Venture Partners, a Boston, MA-based venture capital firm focused on business software, closed its sixth fund, at $450m

Menlo Park, Calif.-based venture capital firm Menlo Ventures launched a flagship $500M fund

True Ventures, a Palo Alto, CA-based venture capital firm, closed two funds amounting in total to $840m

BETA: The Capitalization Report v201027 Funds


KEYWORDS: NTTVC, T-Mobile, Brighteye Ventures, China Creation Ventures, OpenView Venture Partners, Menlo Ventures, True Ventures

NEW FUNDS

NTTVC, a Palo Alto, Calif.-based venture capital firm formed in collaboration with NTT, launched a $500m fund

T-Mobile (NASDAQ: TMUS) has launched T-Mobile Ventures, a new multi-year investment fund focused on early and emerging growth companies developing 5G products and services for the T-Mobile network 

Brighteye Ventures, a Luxembourg-based edtech venture capital firm with offices in London and Paris, announced its $54m first close of its second fund

China Creation Ventures, a Beijing, China-based venture capital firm, closed its second USD fund, at over $300m

OpenView Venture Partners, a Boston, MA-based venture capital firm focused on business software, closed its sixth fund, at $450m

True Ventures, a Palo Alto, CA-based venture capital firm, closed two funds amounting in total to $840m

Menlo Park, Calif.-based venture capital firm Menlo Ventures launched a flagship $500M fund

PRESS RELEASE

MENLO PARK, Calif., Feb. 20, 2019 (GLOBE NEWSWIRE) — Leading venture capital firm Menlo Ventures today launched the Inflection Fund.

Menlo Ventures’ Inflection Fund is a $500 million fund designed to target soon-to-breakout companies at the point between venture and growth. With this fund, Menlo Ventures will make investments of $20 – $40 million to propel promising companies into the growth stage. The firm will continue to invest in its areas of expertise including AI, Cloud Infrastructure, FinTech, Marketplaces, Mobility, and SaaS across the broader categories of consumer and enterprise businesses.

“The venture capital market is more competitive than ever, particularly at opposite ends of the spectrum: the number of seed funds is at an all-time high, and the amount of late-stage capital is staggering. The biggest gap in the market is at the early-growth stage or what Menlo calls ‘the inflection stage.’ This is where Menlo intends to focus our new fund,” explained Matt Murphy, managing director of Menlo Ventures. “With the Inflection Fund, we partner with companies at the point where a meaningful injection of capital, introductions to talent and customers, and a helpful partnership will accelerate them to scalable, hypergrowth.”

Companies at the inflection stage show early potential but still carry the risk inherent with scaling an organization, growing a team, and executing against a product roadmap. With the Inflection Fund, Menlo will target companies that demonstrate:

  • A beloved product
  • Early product-market fit (with more than $5M in annual recurring revenue, but often less than $10M)
  • Rapid growth of more than 100% year-over-year
  • Early signs of efficient economics, payback, and retention
  • A strong founding team with a unique perspective on the opportunit

With inflection stage investments in breakout startups such as BitSight, Carta, Chime, Envoy, Everlaw, HomeLight, Rover, ShipBob, Signifyd and Qualia, Menlo Ventures has earned a reputation for identifying great companies ready to take off. The goal is that these fast-growing startups will follow in the footsteps of Menlo’s more established portfolio companies such as Betterment, BlueVine, Pillpack, Poshmark, Uber, and Roku all funded by Menlo at the inflection stage.

The Inflection Fund will be led by Menlo Ventures’ Partners Mark Siegel, Matt Murphy, Shawn Carolan, Tyler Sosin, Venky Ganesan and joined by Steve Sloane, whose recent promotion makes him the youngest partner in Menlo’s 43-year history. Menlo will further build out this team and are actively looking to hire an additional partner, principal, and associate.

“The launch of the Inflection Fund caps a record run for Menlo Ventures,” said Venky Ganesan. “In the last 15 months, Menlo has distributed $2.4 billion to our limited partners. We added four new partners to our team, expanded our focus to include healthcare, and stacked our services team with industry veterans. We’ve never been better equipped to partner with pioneer founders to build the breakout companies of the future. We’ve done that with Poshmark, Uber, and Roku. Who’s next?”

About Menlo Ventures

Menlo Ventures is a venture capital firm that strives to have a positive impact on everything we do. That’s why we support businesses including Betterment, Carta, Roku, Poshmark, Uber, and Warby Parker that are reimagining life and work for the better. Over 43 years we’ve grown a portfolio that includes more than 70 public companies, over 100 mergers and acquisitions, and $5.5 billion under management. We invest at every stage and in every sector, with expertise in Consumer, Enterprise, and Healthcare. From developing market strategies to creating communities, we provide real impact where entrepreneurs need it most. When we’re in, we’re all in.