Why Enterprise Tech Is Dominating Venture Capital

Matt Carbonara, Managing Director, Venture Investing at Citi Ventures, investing in early-stage startups in the United States.

As the technological world rapidly evolves, venture capital always strives to follow closely behind. With a seemingly daily influx of innovations coming to market, there’s certainly no shortage of trends to chase for investors looking for the next hot growth opportunity. Our constant challenge is to look past mere flashes-in-the-pan, identifying long-term secular trends that are here to stay.

Here’s a strong indicator of one such shift: Enterprise technology companies attracted $30.42 billion in funding last year, outpacing their consumer-tech peers (by a third) for the first time in at least five years. This recent trend reflects a deeper evolution at play, located at the intersection of software development, adoption of cloud technology and data analysis, and as investors have clearly wagered, we’re still at the early stages of this sea

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West Monroe Acquires Two Six Capital, a Data Science Firm for Private Equity

Acquisition adds Intellio Predict, an AI-powered asset that projects revenue with precision to drive investments and value creation

West Monroe, a national business and technology consulting firm, today announced it has acquired Two Six Capital, a San Francisco-based, technology-enabled firm that pioneered data science for private equity.

Founded in 2013, Two Six Capital leverages proprietary technology—powered by artificial intelligence and machine learning—to advise private equity firms with one primary objective: understand and project the drivers of revenue. The company works closely with private equity deal teams, corporate boards, management teams, and operating partners across the deal lifecycle to construct financial models with precision leveraging the power of the cloud, which leads to increased speed of analysis and fewer errors for investment decisions.

The acquisition strengthens West Monroe’s position as a market leader in private equity advisory. Since 2002, West Monroe has advised on more than 3,000 transactions and executed

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North Capital Reveals First 3 Users Of Its Blockchain ATS

As much promise as native digital assets have for the economy, some believe that an even bigger opportunity lies within the world of tokenized or digitized securities. In fact, capital formation through tokenization could turn out to be one of the biggest advancements of financial engineering in our lifetimes. Through tokenization virtually anything could be securitized, from works of art to employment contracts. That said, despite this promise security tokens have failed to make the same impact in our collective mindshare or actual economic activity.

There are several reasons for these false starts and shortcomings, the biggest being the  continuing search for a product-market fit. After all, just because something is tokenized doesn’t mean that

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Eric Schmidt backing Firstminute’s new European venture capital fund

Eric Schmidt, chairman of Alphabet Inc.

David Paul Morris | Bloomberg | Getty Images

LONDON — Eric Schmidt, the former CEO of Google, is one of several tech executives backing a new early-stage European venture capital fund.

The tech billionaire — who has a net worth of $20 billion, according to the Bloomberg Billionaire Index — has invested an undisclosed amount into a $111 million fund that was announced Monday by London-headquartered VC firm Firstminute Capital.

Firstminute was founded in 2017 by Lastminute.com co-founder Brent Hoberman and former Goldman Sachs analyst Spencer Crawley. It launched with a $60 million fund I (that grew to become $100 million) and this second fund brings total assets under management up to $211 million.

RTI Capital Partners is the second fund’s main investor, but Chinese tech giant Tencent, venture firm Atomico, and private equity firm Vitruvian have also invested.

The founders of big data

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Apple Upgraded to Buy at Loop Capital on Sales Forecast

Apple was upgraded to buy from hold by Loop Capital Markets analyst Ananda Baruah, who sees promising trends for production, shipments and sales of the tech giant’s products.

a close up of a logo: Apple Upgraded to Buy at Loop Capital on Sales Forecast

© TheStreet
Apple Upgraded to Buy at Loop Capital on Sales Forecast

He has a price target of $131. Apple recently traded at $117, up 0.4%, about in line with the Nasdaq Composite’s 0.21% gain. The Cupertino, Calif., company’s shares have as risen 59% year to date.

“AAPL’s shares have historically outperformed in scenarios of consistent upside to [Wall Street] forecasts or as negative trends, principally iPhone shipments, stop worsening,” Baruah wrote in a commentary.

“Currently, we see a scenario of upside to consensus in near-term iPhone build and shipment forecasts (iPhone 13 build forecasts also look positive relative to consensus) as well as upside to Mac, iPad, and likely AirPod, Watch, and Services sales well into calendar year 2021.”

Video: Jim

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Co-Founders Of The Newly Launched Plus Venture Capital (+VC), Sharif El-Badawi And Hasan Haider, On How They Expect Their US$60 Million Fund To Boost And Bolster The Region’s Startup Ecosystem

8 min read

Opinions expressed by Entrepreneur contributors are their own.

You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Plus Venture Capital (+VC) is a newly launched early-stage tech startup fund for the MENA and its diaspora, and it’s being led by two familiar names in the region’s startup ecosystem. Sharif El-Badawi and Hasan Haider, the former Managing Partners of 500 Startups’ MENA fund (500 Falcons) are behind the new US$60 million fund that aims to target 120 investments over the next three years.

At this point, it’s fair to wonder whether now is the right time to start up a new investment venture given the impact of the ongoing COVID-19 pandemic on the region’s economies, but the co-founders’ confidence in their enterprise stems from their thorough knowledge of the ecosystem in which they plan to operate. For instance, according to Haider, the sustainability

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Clearlake Capital To Acquire nThrive’s Technology Division

SANTA MONICA, Calif. and ALPHARETTA, Ga., Nov. 19, 2020 /PRNewswire/ — Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) today announced that it has signed a definitive agreement to acquire nThrive’s Technology Division (“nThrive Technology” or the “Company”), a leading healthcare revenue cycle management (“RCM”) software-as-a-service (“SaaS”) platform, from nThrive Holdings, LP (“nThrive”). Financial terms were not disclosed.

nThrive Technology is a leading healthcare RCM SaaS solution provider, offering patient access, charge integrity, claims management, contract management, machine learning & robotic process automation, data & analytics and education software solutions to more than 900 hospitals and health systems in North America, including 37 of the 40 largest healthcare providers in the U.S. The Company’s end-to-end software platform helps healthcare organizations increase revenue, reduce costs, expand cash collections and ensure regulatory compliance.

“We are excited to partner with Clearlake, who has an impressive track record of successfully sponsoring, supporting and

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Sinai Capital Partners Raises L.A.’s Biggest-Ever Fund, $600 Million For Media, Tech Investments

 Sinai Capital Partners said it has raised $600 million for two funds to finance impactful and social-change-oriented investments in tech, film and TV.

The Partners’ venture capital fund Sinai Ventures raised $500 million, which the company said was the largest single fund in Los Angeles history, to invest in late-stage software and tech companies.

“Much like the entrepreneurs we back, Sinai believes the adoption of technology presents a global opportunity to change lives for the better,” said Sinai Ventures Managing Partner Jordan Fudge. “To that end, we are mission-driven to discover teams building impactful companies across the world.”

The fund has investments in 85 companies, including such notables as Pinterest, Roman Health, and Hippo Insurance. With its newest raise, Sinai Ventures will focus on investing in growth-stage and pre-IPO companies.

 “We have long been dedicated to the thesis

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Future Capital Discovery Fund Closes US$187 Million Early-Stage Tech Fund

In addition to the previous institutional investors, USD Fund IV welcomes several new endowments; the Fund represents their first allocation to an early-stage Chinese specialist fund. Other new LPs include prestigious global fund of funds, family offices, foundations and top-tier HNWI entrepreneurs from the United States, Europe and Asia Pacific. 

“USD Fund IV marks a major milestone for Future Capital. We are appreciative of the trust our global LPs have placed in us. Despite the current environment, we closed the Fund ahead of schedule with a significant oversubscription, which validates our core investment thesis that digital disruption of traditional businesses is inevitable and will fuel the next decade of economic growth.” said Mingming Huang, Founding Partner of Future Capital Discovery Fund.

“With China’s accelerating industry digitalization, we see huge growth potential and incredibly strong demand for enterprise technologies that enable digitized work, business automation, smarter supply chains and

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Black Dragon Capital Names WWE Global Innovation Executive Tracey Shaw As Media Technology Advisor

Black Dragon Capital’s CEO and Managing Director Louis Hernandez Jr. stated, “I am honored to welcome such an accomplished executive into our family.  I’ve worked with Tracey for many years and her performance and reputation in the media industry are outstanding.  I’m looking forward to her contributions as an advisor and collaborating with her on many media technology innovation initiatives”.

Tim Greenfield, Black Dragon Capital Partner added, “Tracey Shaw will contribute invaluable expertise, skills and experience in live entertainment, multi-platform content production and digital marketing to Black Dragon Capital, particularly in understanding the key customer pain points, media technology innovation processes, product rollout strategies and in how-to better leverage media alliances.”

The appointment of Tracey Shaw reinforces Black Dragon’s unique operationally oriented model where investment teams and advisors have extensive experience in the fields in which they invest.    Her appointment reinforces the firm’s commitment to cultural and gender

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