Author: Tatjana Anderer

Stock­holm — EQT is plea­sed to announce that EQT Public Value (“EQT Public Value”) has acqui­red 6.6 million shares in Story­tel AB (“Story­tel” or “the Company”), repre­sen­ting an owner­ship of close to 10 percent of shares outstan­ding. Joakim Rubin, Part­ner within EQT Public Value Advi­sory Team, is nomi­na­ted to join the board of direc­tors, subject to appr­oval of an extra­or­di­nary gene­ral meeting.

Story­tel, listed on Nasdaq First North has a strong track record of orga­nic and inor­ga­nic growth in the large and fast-growing audio­book market. Story­tel is one of the world’s largest subscri­bed audio­book and e‑book strea­ming services and offers listening and reading of more than 700,000 titles on a global scale. The Company’s vision is to make the world a more empa­the­tic and crea­tive place with great stories to be shared and enjoyed by anyone, anywhere, and anytime. Storytel’s strea­ming busi­ness is conduc­ted under the brands Story­tel and Mofibo. Storytel’s publi­shing busi­ness area is carried out through the audio­book publisher Story­Side and acclai­med Nordic publi­shing houses such as Norstedts, People’s and Gumme­rus. Story­tel opera­tes in 25 markets around the globe and is head­quar­te­red in Stock­holm, Sweden.

EQT Public Value seeks to iden­tify mino­rity invest­ments in public compa­nies with market leading posi­ti­ons, strong manage­ment teams and signi­fi­cant poten­tial for top-line and earnings growth. Through share­hol­der enga­ge­ment, EQT Public Value aims to work closely with exis­ting share­hol­ders, boards, and manage­ment teams in order to allow that compa­nies reach their full poten­tial and deli­ver share­hol­der value. In addi­tion to Story­tel, EQT Public Value has previously disc­lo­sed posi­ti­ons in Secu­ri­tas, BHG Group, Store­brand, Biogaia, and AFRY.

The EQT Public Value advi­sory team looks forward, pending the Extra­or­di­nary Gene­ral Meeting, to working toge­ther with share­hol­ders, board, and manage­ment on the next phase of Storytel’s growth journey.

Stock­holm — Trill Impact, an inde­pen­dent private invest­ment firm backed by Nordea Asset Manage­ment (NAM), has closed its first Impact Mid-Market Buyout Fund (“the Fund”) follo­wing $900 million in place­ments by promi­nent insti­tu­tio­nal inves­tors world­wide. One of the largest first-time funds raised by an inde­pen­dent invest­ment firm during the global pandemic.

Trill Impact was foun­ded in 2019 by Jan Ståhl­berg (photo ) with support from Nordea Asset Manage­ment (NAM). Today, it is one of the largest specia­li­zed impact invest­ment houses in Europe, with more than $1 billion in assets under manage­ment across its private equity and micro­fi­nance invest­ment advi­sory stra­te­gies. This will combine the exten­sive private equity expe­ri­ence of the Trill Impact team with NAM’s deep exper­tise in impact analy­sis and fund­rai­sing capa­bi­li­ties to bring best-of-breed private impact invest­ments to market.

Through its stra­te­gic part­ner­ship with Nordea Asset Manage­ment, a pioneer and market leader in respon­si­ble invest­ment, Trill Impact works with NAM’s Respon­si­ble Invest­ment team and NAM’s global Inves­tor Rela­ti­ons (IR) and Fund­rai­sing team across Europe and over­seas markets.

Although the fund­rai­sing occur­red at unpre­ce­den­ted times during the global pande­mic, the fund is one of the largest in terms of capi­tal commit­ments raised by an emer­ging mana­ger since the global finan­cial crisis. It is also one of the largest first-time funds raised by an inde­pen­dent invest­ment firm during the global pandemic.

Since the fund’s incep­tion, four tran­sac­tions have been comple­ted by the fund, all targe­ted invest­ments in Nort­hern Europe aimed at gene­ra­ting returns in private equity markets and lasting, measura­ble impact. Trill Impact embarks on a jour­ney with port­fo­lio company manage­ment teams to nurture and trans­form compa­nies to reach their full impact potential.

The fund’s advi­sory board consists of, among others, AP4 (Fourth Swedish Natio­nal Pension Fund), AP6 (Sixth Swedish Natio­nal Pension Fund), Alli­anz Global Inves­tors, New York Life Insu­rance Company, Lucie and André Chagnon Foun­da­tion, Velliv, Pension & Livs­for­sik­ring A/S and Nordea Life & Pensions.

“Our mission was to gene­rate reve­nue with accoun­ta­bi­lity. That’s what has driven our busi­ness with Trill Impact. By joining our respec­tive forces, we aim to provide inves­tors with world-class private equity and ESG exper­tise, as well as the oppor­tu­nity to parti­ci­pate in the change they find meaningful in the world. We are plea­sed that many promi­nent inves­tors have reco­gni­zed the value of this part­ner­ship and believe that this initial success paves the way for future growth of the Trill Impact offe­ring,” says Nils Bolm­strand, CEO of Nordea Asset Management.

Jan Ståhl­berg, Foun­der and Mana­ging Part­ner of Trill Impact, adds, “My goal for Trill Impact since its incep­tion has been to create a thought leader for posi­tive change through impact inves­t­ing, enab­ling like-minded inves­tors to actively contri­bute to a better world and inspi­ring others to join in. I am convin­ced that toge­ther with Nordea Asset Manage­ment and the fund’s inves­tors, we have now laid the foun­da­tion for future success.”

About Trill Impact

Trill Impact is an impact house with more than €1 billion in assets under manage­ment in its private equity and micro­fi­nance advi­sory stra­te­gies. Trill Impact Advi­sory, the exclu­sive invest­ment advi­sor to the Trill Impact Fund, employs a team of more than 20 expe­ri­en­ced profes­sio­nals based in Sweden and Germany. Driven by a culture with a high sense of urgency, Trill Impact aims to become a force for posi­tive change and achieve its vision of deli­ve­ring real returns and sustainable impact for the bene­fit of inves­tors, busi­nesses and society at large.

Zurich (Switz­er­land) — The merger of the online market­places of TX Markets and Scout24 Switz­er­land crea­tes a leading Swiss group in real estate, vehic­les, finan­cial services and gene­ral market­places. The joint venture will be one of the largest digi­tal compa­nies in Switz­er­land. All parties invol­ved hold mino­rity inte­rests in the joint venture. The inde­pen­dent group of compa­nies is pursuing an IPO as a medium-term goal.

TX Group brings the TX Markets plat­forms Ricardo, tutti.ch, Home­gate and Car For You into the new joint venture. Ringier as well as Mobi­liar parti­ci­pate by contri­bu­ting the Scout24 Schweiz Group, which opera­tes the plat­forms ImmoScout24, AutoScout24, MotoScout24, FinanceScout24 and anibis.ch. The fourth share­hol­der will be the globally active growth inves­tor Gene­ral Atlan­tic, which will support the group with its many years of inter­na­tio­nal exper­tise in the field of digi­tal marketplaces.

Lothar Lanz is appoin­ted Chair­man of the Board of Direc­tors of the new, inde­pen­dent company. The expe­ri­en­ced finance and digi­tal expert is curr­ently Chair­man of the Super­vi­sory Board of Home24 SE, Deputy Chair­man of the Super­vi­sory Board of TAG Immo­bi­lien AG and a member of the Super­vi­sory Board of Derm­a­ph­arm SE. He was also a member of the Super­vi­sory Board of Zalando SE (Presi­dent) and Axel Sprin­ger SE, among others. Previously, he was Chief Finan­cial Offi­cer for many years at ProSiebenSat.1 Media SE.

The Board of Direc­tors will conti­nue to include: Jörn Niko­lay, Olivier Rihs, Michèle Rodoni, Pietro Supino and Marc Walder.

CEO of the joint venture will be Gilles Despas (photo), curr­ently CEO of Scout24 Switz­er­land Group. Previously, he was Chief Digi­tal Offi­cer and Group Chief Marke­ting Offi­cer at Thomas Cook in London, and Mana­ging Direc­tor and CEO of Eboo­kers and HolidayCheck.

The market­places of TX Group, Ringier and Mobi­liar have shown strong growth in recent years, both in terms of user numbers and range of services. At the same time, the plat­forms operate in an extre­mely chal­len­ging envi­ron­ment. Constantly rising custo­mer demands as well as inter­na­tio­nal compe­ti­tors — from globally opera­ting plat­forms to fast-growing disrup­tive start-ups — are crea­ting incre­asing market dynamics.

Combi­ning forces to form one of the largest digi­tal compa­nies in Switz­er­land makes it possi­ble to create a compe­ti­tive Swiss market­place offe­ring and thus act as a pioneer in the Swiss market.

The new joint venture will combine the exper­tise of exis­ting teams and digi­tal talent to drive the deve­lo­p­ment of inno­va­tive digi­tal products and services. In this way, the incre­asing demands of users and custo­mers will be served even better in the future. At the same time, the joint venture will make a signi­fi­cant contri­bu­tion to further digi­tiza­tion in Switzerland.

Pietro Supino, Presi­dent and Publisher of TX Group: “Our part­ner­ship with Gene­ral Atlan­tic, Mobi­liar and Ringier is the fruit of a long process. It is a big step for all parties invol­ved, which shows a promi­sing, digi­tal perspec­tive for Switz­er­land as a loca­tion in the incre­asingly inter­na­tio­nal compe­ti­tive envi­ron­ment. We are convin­ced that by combi­ning our strong market­places, we will promote their further growth. The key prere­qui­site for further successful deve­lo­p­ment is to increase the rele­vance of our services for our users. This will also enable us to offer our busi­ness custo­mers grea­ter effi­ci­ency directly. Toge­ther, we can expand invest­ment in product deve­lo­p­ment and our attrac­ti­ve­ness as an employer.”

Marc Walder, CEO of Ringier: “Ringier, TX Group and Mobi­liar have succee­ded in brin­ging toge­ther their leading real estate, vehicle, finan­cing and clas­si­fieds plat­forms. With Gene­ral Atlan­tic, we are joined by a globally reco­gni­zed, successful inves­tor with exten­sive expe­ri­ence in digi­tal market­places. This crea­tes a uniquely posi­tio­ned company in Switz­er­land. With this group, we will signi­fi­cantly expand our custo­mer focus across all busi­ness areas. Through targe­ted invest­ments in inno­va­tive products and services, we will meet the requi­re­ments of our custo­mers and users even better. This shared vision drives all share­hol­ders involved.”

Michèle Rodoni, CEO of Mobi­liar: “As a leading Swiss insu­rance company, we strive to find solu­ti­ons that enable us to strike the right balance in the long term between the rapidly growing digi­tal offer worlds and our long-stan­ding, successful presence with our local entre­pre­neu­rial gene­ral agen­cies. Thanks to our invest­ment in Scout24 Switz­er­land five years ago, we have gained important insights for the deve­lo­p­ment and expan­sion of our own offe­rings around housing and for SMEs. That’s why it’s abso­lut­ely logi­cal for us to be on board and remain so when one of the leading Swiss digi­tal market­places is created.”

Jörn Niko­lay, Mana­ging Direc­tor and respon­si­ble for Gene­ral Atlantic’s German busi­ness: “We are proud to be able to help shape one of Switzerland’s leading digi­tal compa­nies toge­ther with our new part­ners. As a global growth inves­tor, we bring our long-stan­ding exper­tise in the stra­te­gic deve­lo­p­ment of digi­tal busi­ness models to this part­ner­ship, very speci­fi­cally in the online clas­si­fieds busi­ness. We are plea­sed to accom­pany the venture in this exci­ting growth phase.”

TX Group AG holds 31 percent of the new joint venture, Ringier AG and Mobi­liar 29.5 percent each and the growth inves­tor Gene­ral Atlan­tic 10 percent. The four share­hol­ders each hold 25 percent of the voting rights.

About TX Group
TX Group forms a network of digi­tal plat­forms that provi­des users with daily infor­ma­tion, orien­ta­tion, enter­tain­ment and assis­tance for ever­y­day life. Four inde­pen­dent compa­nies operate under the umbrella of the TX Group: TX Markets compri­ses the digi­tal clas­si­fieds plat­forms and market­places; Gold­bach stands for adver­ti­sing marke­ting in Switz­er­land, Germany and Austria; 20 Minu­ten is the company for commuter media in Switz­er­land and abroad; Tame­dia is leading the paid daily and weekly news­pa­pers and maga­zi­nes into the future.

About Ringier
Ringier AG is an inno­va­tive, digi­ti­zed and diver­si­fied Swiss media company active in Europe, Africa and Asia. The port­fo­lio includes over 110 subsi­dia­ries in print, digi­tal media, radio, ticke­ting, enter­tain­ment and e‑commerce, as well as leading digi­tal market­places in auto­mo­tive, real estate and jobs. As a venture capi­ta­list, Ringier promo­tes inno­va­tive digi­tal start-ups. Foun­ded in 1833 as a publi­shing house and prin­ting house, the family-owned Ringier company has consis­t­ently inves­ted in the digi­tiza­tion and inter­na­tio­na­liza­tion of the Group in recent years. In 2020, around 6800 employees in 18 count­ries gene­ra­ted sales of CHF 953.7 million. Today, 69 percent of opera­ting profit alre­ady comes from the digi­tal busi­ness, giving Ringier a leading posi­tion among Euro­pean media compa­nies. Ringier stands for pionee­ring spirit, inde­pen­dence and free­dom of opinion.

About Mobi­liar
Every third house­hold and every third company in Switz­er­land is insu­red with Mobi­liar. As of Decem­ber 31, 2020, the all-line insurer had a premium volume of around 4.1 billion euros. Franks on. 80 Unter­neh­mer gene­ral agen­cies with their own claims service guaran­tee proxi­mity to the appro­xi­m­ately 2.2 million custo­mers at around 160 locations.
Mobi­liar employs around 5900 people in its home markets of Switz­er­land and the Prin­ci­pa­lity of Liech­ten­stein and offers 338 appren­ti­ce­ships. Foun­ded in 1826 as a coope­ra­tive, Mobi­liar is the oldest private insu­rance company in Switz­er­land. To this day, the Board of Direc­tors of Schwei­ze­ri­sche Mobi­liar Genos­sen­schaft ensu­res that the coope­ra­tive orien­ta­tion of the Group is maintained.

About Gene­ral Atlantic
Gene­ral Atlan­tic is a leading global growth capi­tal inves­tor that has provi­ded capi­tal and stra­te­gic support to more than 400 high-growth compa­nies to date for more than four deca­des. Foun­ded in 1980 to part­ner with visio­nary entre­pre­neurs to create lasting value, the firm combi­nes a colla­bo­ra­tive global approach, indus­try-speci­fic exper­tise, a long-term invest­ment hori­zon and a deep under­stan­ding of growth drivers to create excep­tio­nal busi­ness models with outstan­ding manage­ment teams world­wide. Gene­ral Atlan­tic curr­ently mana­ges more than $65 billion in assets (as of March 31, 2021); the team includes more than 175 invest­ment profes­sio­nals in New York, Amster­dam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shang­hai, Singa­pore and Stam­ford, Connecticut.

Almere / Rosma­len / Hamburg — Water­land Private Equity (“Water­land”) conti­nues to successfully drive the long-term buy & build stra­tegy at its port­fo­lio company-Enreach: The fast-growing, pan-Euro­pean provi­der of unified commu­ni­ca­ti­ons solu­ti­ons (UCaaS) acqui­res the Rosma­len, Nether­lands-based cloud soft­ware provi­der and Micro­soft part­ner DSD Europe and its sister company Cloud­Land (“DSD”) with Waterland’s support. The merger gives Enreach even grea­ter capa­bi­li­ties and reach to equip digi­tal work­places with Micro­soft soft­ware programs. Microsoft’s Office produc­ti­vity solu­ti­ons will be sold toge­ther with compa­ti­ble Enreach solu­ti­ons in the future.

Foun­ded in 2009, DSD is a high-growth provi­der of IT, secu­rity and other cloud products. Through a leading cloud market­place, DSD’s service enables more than 5,000 active re-sellers in Europe to easily and quickly acquire, acti­vate and manage various cloud services and soft­ware, with a focus on Micro­soft cloud produc­ti­vity solutions.

Enreach was formed in 2018 with the support of Water­land from the merger of Swyx (Germany), Voice­works (Nether­lands) and Centile Tele­com Appli­ca­ti­ons (France, rena­med Enreach for Service Provi­ders), each leaders in their respec­tive markets. Since then, Water­land has guided Enreach in its growth, inclu­ding syste­ma­tic acqui­si­ti­ons of best-in-class tech­no­lo­gies and their roll-out across the plat­form. In addi­tion, Water­land has now actively supported its port­fo­lio company in fifteen inter­na­tio­nal add-on acqui­si­ti­ons, five of which in the current year alone.

For Enreach, the part­ner­ship with DSD repres­ents the next buil­ding block in a long-term buy-&-build stra­tegy that aims to create a pan-Euro­pean market leader in unified commu­ni­ca­ti­ons and cloud products and services.

Thijs van de Moos­dijk, CEO of DSD, says: “As an estab­lished and well-known Own-IP-Cloud market­place, re-sellers across Europe rely on our exper­tise and product port­fo­lio. We have been looking for a strong player in the market for some time to drive our vision of digi­tal trans­for­ma­tion with us. We are convin­ced that toge­ther with Enreach we are excel­lently posi­tio­ned for further growth.”

Stijn Nijhuis, CEO of Enreach, explains: “Thanks to Waterland’s support, we have been able to acce­le­rate our growth even further in recent months. For the coming steps in the company, we wanted to expand our service port­fo­lio to include a modern one-stop-shop offe­ring for all requi­re­ments in the area of digi­tal trans­for­ma­tion. The chemis­try with DSD was right from the start.”

Dr. Cars­ten Rahlfs (photo), Mana­ging Part­ner at Water­land, explains: “Enreach has deve­lo­ped very posi­tively over the past years. DSD is well posi­tio­ned in the market and is one of the first points of cont­act for re-sellers throug­hout Europe in the area of soft­ware and cloud solu­ti­ons. The acqui­si­tion opens up new, attrac­tive synergy effects for both compa­nies, espe­ci­ally in the area of cross-selling Enreach’s own-IP unified commu­ni­ca­ti­ons as well as Microsoft’s cloud produc­ti­vity solu­ti­ons — and is thus another important buil­ding block in our long-term buy-&-build strategy.”

Water­land has exten­sive expe­ri­ence in the field of digi­tiza­tion and inte­gra­tion of ICT service provi­ders through corre­spon­ding invest­ments in seve­ral Euro­pean count­ries. In German-spea­king count­ries, for exam­ple, Water­land alre­ady has stakes in compa­nies such as netgo (IT systems house), the Serrala Group (payment tech­no­lo­gies), Tineo (enter­prise IT) and a mana­ged enter­prise plat­form Skaylink.

About Water­land

Water­land is an inde­pen­dent private equity invest­ment firm that helps compa­nies realize their growth plans. With substan­tial finan­cial support and indus­try exper­tise, Water­land enables its port­fo­lio compa­nies to achieve acce­le­ra­ted growth both orga­ni­cally and through acqui­si­ti­ons. Water­land has offices in the Nether­lands (Bussum), Belgium (Antwerp), France (Paris), Germany (Hamburg, Munich), Poland (Warsaw), the UK (Manches­ter), Ireland (Dublin), Denmark (Copen­ha­gen) and Switz­er­land (Zurich). Curr­ently, over eight billion euros in equity funds are under management.

Water­land has consis­t­ently outper­for­med with its invest­ments since its incep­tion in 1999. The firm ranks fifth globally in the 2020 HEC/Dow Jones Private Equity Perfor­mance Rankings and eighth among global private equity firms in the 2020 Preqin Consis­tent Perfor­mers in Global Private Equity & Venture Capi­tal Report. In addi­tion, Real Deals awarded Water­land the title of Pan-Euro­pean House of the Year 2020 at the PE Awards.

Karls­ruhe, Germany — Chrono24, a leading global online market­place for new and pre-owned luxury watches, announ­ced that it has secu­red more than €100 million ($118+ million) in its Series C finan­cing round. The round was led by Gene­ral Atlan­tic, a leading global growth capi­tal inves­tor, with parti­ci­pa­tion from Aglaé Ventures, the tech­no­logy arm of the Arnault family’s invest­ment company. Exis­ting inves­tors Insight Part­ners and Sprints Capi­tal also parti­ci­pa­ted in the round.

Toge­ther with this latest mino­rity growth finan­cing, Chrono24 has raised a total of over €200 million (appro­xi­m­ately $236 million) in funding to date.

Chrono24 plans to use the freshly raised capi­tal to acce­le­rate its growth trajec­tory and further expand inter­na­tio­nally, build its presence in exis­ting markets and streng­then its global team with addi­tio­nal top talent. The company is alre­ady the market leader in over 100 count­ries. The plan is to further improve the user expe­ri­ence of the online market­place in order to bene­fit even more from the flou­ris­hing market for pre-owned luxury watches and to opti­mally serve a new gene­ra­tion of collectors.

Foun­ded in 2003, Chrono24 pionee­red the digi­tiza­tion of the tradi­tio­nally analog luxury watch indus­try: it was one of the first major compa­nies to bring toge­ther watch retail­ers and coll­ec­tors around the world through its online market­place. Today, the plat­form has an average of 500,000 unique visi­tors per day. With more than 3,000 dealers and 30,000 private sellers in over 100 count­ries world­wide, Chrono24 carries appro­xi­m­ately half a million luxury watches for sale at any given time.

Jörn Niko­lay, Mana­ging Direc­tor and respon­si­ble for Gene­ral Atlan­tic’s German busi­ness, says: “Since its foun­ding in 2003, Chrono24 has evol­ved from Karls­ruhe into a global pioneer in crea­ting a cross-border online market­place for luxury watches, with an inno­va­tive model based on trans­pa­rency and sustaina­bi­lity. We are plea­sed to support Chrono24 with our capi­tal and exper­tise as it conti­nues its global expansion.”

Tim Stra­cke, Co-CEO of Chrono24, adds: “Once again, Chrono24 has succee­ded in attrac­ting first-class growth inves­tors such as Gene­ral Atlan­tic and Aglaé Ventures as part­ners. We have initia­ted the concept of an online market­place for luxury watches and built a plat­form that supports and encou­ra­ges chan­ging consu­mer beha­vior. Chrono24 provi­des proof to an indus­try that has tradi­tio­nally always shied away from disrup­tion that such a concept works perfectly. We are very plea­sed that Gene­ral Atlan­tic and Aglaé Ventures reco­gnize the huge market poten­tial of digi­tiz­ing luxury retail and also our role within this industry.”

Chrono24 conti­nues to be led by its foun­der and co-CEO Tim Stra­cke, co-CEO (and former CEO of Team­Viewer) Holger Felg­ner and CFO Stephan Knie­was­ser. In addi­tion to the new inves­tor group, a majo­rity of the exis­ting share­hol­ders, inclu­ding Felg­ner and Knie­was­ser, also co-inves­ted. This new round of finan­cing follows Chrono24’s Series B in 2019, which raised €43 million from Sprints Capi­tal, Gianni Serazzi, a former Riche­mont direc­tor, and Alberto Grignolo, foun­der of YOOX-NET-A-PORTER, among others. Previously, Round A in 2015 had gene­ra­ted over €37 million in seve­ral steps, inclu­ding from Insight Partners.

About Chrono24

“Chrono24 — The World’s Watch Market” is a leading global online market­place for luxury watches since 2003. With appro­xi­m­ately 500,000 watches from more than 3,000 dealers from over 100 count­ries and over 30,000 private sellers, the portal reaches more than nine million unique visi­tors per month. In 2020, Chrono24 achie­ved growth in tran­sac­tion volume of over 30% with monthly purchase inqui­ries in the six-digit range. With a large combi­ned global offe­ring of new, used and vintage watches, Chrono24 offers a compre­hen­sive service port­fo­lio that allows buyers and sellers to conduct their tran­sac­tions in a trus­ted envi­ron­ment. The global support team provi­des assis­tance via email or phone in 15 diffe­rent languages. Chrono24 was foun­ded in 2003 and employs nearly 400 people in its offices in Karls­ruhe, Berlin, New York and Hong Kong. www.chrono24.com

Gene­ral Atlantic

Gene­ral Atlan­tic is a leading global growth capi­tal inves­tor that provi­des capi­tal and stra­te­gic support to compa­nies with high growth poten­tial. Foun­ded in 1980, the company combi­nes a colla­bo­ra­tive global approach, indus­try-speci­fic exper­tise, a long-term invest­ment hori­zon and a deep under­stan­ding of growth drivers with outstan­ding manage­ment teams to create excep­tio­nal busi­ness models world­wide. Gene­ral Atlantic’s team includes more than 175 invest­ment profes­sio­nals in New York, Amster­dam, Beijing, Green­wich, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shang­hai and Singa­pore. www.generalatlantic.com

About Aglaé Ventures

Aglaé Ventures is an inter­na­tio­nal invest­ment company based in Paris, New York and Los Ange­les. It is supported by Agache, the holding company of the Arnault family and majo­rity share­hol­der of LVMH, the world leader in luxury goods. For nearly 30 years, Agache has supported fast-growing inno­va­tive compa­nies at all stages of their deve­lo­p­ment, inclu­ding Auto­mat­tic, Back­Mar­ket, Mano Mano and Noom in recent months. https://aglaeventures.com/