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| In today's Daily Pitch, you'll find: | | | | | |
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| The top 10 most active gaming VC investors | |  | | (Drew Sanders/PitchBook News) | | | VC investors continue to play in the gaming space.
Several high-profile firms from Andreessen Horowitz to Bitkraft Ventures have launched blockbuster gaming funds this year, lured by opportunities in augmented and virtual reality as well as a renewed interest in Web3 gaming.
These are the top 10 most active VC investors in the gaming sector since 2019. | | | | | | | | | China leads in Asia-Pacific biopharma dealmaking | | With VC deals down across the US and Europe, it's no surprise that the Asia-Pacific region has also fallen well below 2021's highs. Healthcare VC deal value in the region has remained consistent, at $2.6 billion in the first quarter—with companies in the sector attracting 16.4% of VC investment, according to our latest analyst note on the APAC market.
PE dealmaking continues to be highlighted by firms such as MBK Partners, Blackstone and The Carlyle Group finding opportunities in the region. China has become a top target for healthcare investors as companies capitalize on opportunities for more affordable medicine. | | | | | | | |
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| The private equity race to digital is intensifying | | In today's market, PE funds race to adopt the latest technology to stay ahead. While many embrace digital solutions to streamline back-office functions, amidst AI's promise of game-changing results, leaders remain uncertain on which tools will give their teams the edge to win—from screening and diligence to successful exits.
Leading firms such as CVC, Warburg Pincus, Riverside, and others have chosen Mosaic's advanced digital modeling platform to optimize their investment analysis. Mosaic delivers precise, data-driven insights, enabling teams to swiftly evaluate LBO opportunities and make informed decisions that maximize returns across the deal lifecycle. Mosaic's integration with AI empowers investors to bring static analysis to life, enhancing decision-making while seamlessly integrating into existing workflows.
Position your fund at the forefront of deal-making with confidence. | | | | | | | |
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| PE healthcare investors pile into pharma services | | Over the past two years, the pharma services market has emerged as the hottest area of healthcare for PE investment. The sector covers contract and outsourced services for the biopharmaceutical industry. Our recent Launch Report: Pharma Services covers four segments: outsourcing, clinical services, consulting services, and manufacturing and distribution.
Three key trends have powered growth and investment in pharma services: scientific advancements, a growing emphasis on specialty drugs and consolidation opportunities for outsourcing organizations. | | | | | | | | | GPs turn to partial exits in a quest for liquidity | |  | | (Chris Jongkind/Getty Images) | | | | In recent weeks, some PE managers have added partial exits to their toolbelts as they try to meet distribution obligations while keeping some skin in the game, even as they hope for stronger market conditions in the near future. | | | | | | | | | Q&A: As Nvidia soars, NVentures' Sid Siddeek takes the long view | |  | | Sid Siddeek (Courtesy of NVentures) | | | Nvidia is one of the biggest winner of the AI frenzy, as its GPUs become Silicon Valley's hottest commodity.
But for the head of NVentures, the company's venture investing arm, it's business as usual.
Sid Siddeek sat down with PitchBook on the day Nvidia reached its latest milestone to speak about the firm's strategy, managing ballooning deal flow, and how the NVentures team approaches AI investments. | | | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 793 Deals | 2858 People | 885 Companies | 49 Funds | | | | | | |
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The Daily Benchmark:
2019 Vintage Global VC Funds | | | | | | |
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Runway, a startup using AI to generate images and videos, is seeking a $450 million round led by General Atlantic, which would value the company at around $4 billion, The Information reported.
Magic, which is developing AI that can write software, could raise $200 million at a $1.5 billion valuation from investors including Jane Street, Reuters reported.
Beacon Therapeutics, which is developing treatments for diseases that cause blindness, raised a $170 million Series B led by Forbion.
Citibox, a smart mailbox startup based in Spain, raised €80 million in debt funding in a round led by Growth Credit Partners and CoVenture.
Cartken, a startup developing self-driving delivery robots, raised $10 million in a round led by 468 Capital, TechCrunch reported. The company has raised $22.5 million in total.
Kvantify, a Copenhagen-based quantum software specialist, closed a €10 million round led by Danish VC Dreamcraft, Lundbeckfonden BioCapital and 2degrees.
SendBlocks, an Israeli startup specializing in blockchain data management, secured $8.2 million in a seed round led by Castle Island Ventures
Redactive AI, which helps businesses adopt generative AI, raised $7.5 million in a seed round led by Blackbird Ventures and Felicis.
Granza Bio, an biotech company that has developed a novel approach to immunotherapy delivery, raised $7.14 million in a seed round led by Felicis and Refactor Capital, TechCrunch reported.
Tree.ly, an Austrian carbon offset specialist, raised €5 million in a seed round led by PortfoLion Capital Partners. | | | | | |
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Movie and TV production studio Skydance Media has re-engaged with Paramount regarding a merger deal after initial talks failed in June, Bloomberg reported.
Black Entertainment Television, a television network owned by Paramount, may be sold to Chinh Chu and BET's CEO Scott Mills, again re-igniting previous talks, Bloomberg reported.
Pluralsight, which offers an educational platform for IT workers, may be sold by Vista Equity Partners to creditors. Vista acquired the company for $3.9 billion in 2021.
Graphite Capital is looking to sell its 51% stake in Hawksmoor in a deal that could value the UK restaurant chain at £100 million, the Financial Times reported.
PSG Equity has exited OpusCapita, a Helsinki-based e-invoicing and procurement specialist, to GEP, an AI-powered procurement and supply chain solutions company.
BitOasis, a Middle East-based cryptocurrency platform provider, has been acquired by fellow crypto exchange CoinDCX, based in India.
Noetic Cyber, a developer of a cloud-based cybersecurity platform, has been acquired by Nasdaq-listed Rapid7. | | | | | |
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Iron Path Capital closed its latest fund on $273 million. The Nashville-based firm invests in the healthcare and industrial sectors.
Danish green-tech growth investor Nordic Alpha Partners raised €266 million for its second fund, exceeding its target. The new vehicle is more than double the size of its predecessor.
Forestay, a London-based VC firm, closed its second fund on $220 million. The vehicle will target enterprise AI and SaaS startups. | | | | | |
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