Goldman Sachs Asset Management’s Post

🚨 Major Milestone for Whatfix! 🚨 Whatfix, the San Jose-based global digital adoption platform, has raised a massive $125M in Series E funding! 💼💰 Led by Warburg Pincus LLC, with participation from SoftBank Vision Fund 2, this round will fuel the expansion of Whatfix’s integrated product suite and drive growth in key regions including US, EMEA, and APAC. 🌍 💡 Why it matters: Whatfix, powered by GenAI, is leading the charge in "userization"—helping businesses maximize their ROI from digital investments. Their platform boosts user productivity, ensures process compliance, and enhances user experiences across internal and customer-facing applications. 🚀 Global Reach: With 700+ enterprise customers (including 80+ Fortune 500 Companies like Shell, Microsoft, and Schneider Electric), Whatfix is solidifying its place in the global tech landscape, with seven offices across US, India, UK, Germany, Singapore, and Australia. CEO Khadim Batti has his eyes set on further expanding Whatfix’s footprint, especially within the global public sector. Exciting times ahead for this digital adoption powerhouse! 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs #DigitalAdoption #TechFunding #Innovation #SeriesE #GlobalExpansion #Whatfix #FutureTechly

Elsewhere Partners, a growth-stage investment firm based in Austin, Texas, specializes in funding business software companies beyond traditional investment hubs, known as Elsewhere Outliers. Founded in 2017 by Chris Pacitti, John Thornton, and Sam Kentor, the firm (formerly AVX Partners) focuses on early and late-stage ventures, particularly in Series A and Series B. Their portfolio includes burstIQ, Vyopta Incorporated, ActivTrak, and others. Elsewhere Partners uniquely combines transitional capital and transformative expertise to guide companies, emphasizing those with over 40% revenue growth, less than $10 million in prior investment, and a distinctive product in IT infrastructure or vertical market applications. → Founding Year: 2015 → Investment Range: $10M - $50M → Stage: Growth → Sector: Business software → Investment Geography: Business software → Notable Investments: ESO, CloudFactory, ActiveCampaign

Some industry news that deserves shouting about: LumApps has joined forces with Private Equity firm Bridgepoint in a deal worth $650million 👏 The deal completed just last week, seeing a huge amount of money ploughed into one of the stronger #EmployeeExperience vendors. This is good news for LumApps customers and for the industry as a whole - as it's great that it keeps organisations' options open when choosing new #DigitalWorkplace tech. According to the announcement, the funds will be used for R&D, growth & expansion, and potentially new mergers & acquisitions. LumApps certainly has some interesting features in the mix already (including microlearning, video hosting, 'Journeys', digital assistant, #AI features, and more), so I'm really looking forward to seeing what the future holds 👀 https://lnkd.in/e-nBm4-q

Big Tech is making an impact in the real estate world! In the first three quarters of 2023, Big Tech poured more than $117 billion into technology R&E in the United States. That’s more than 1.5 times the funding U.S. venture capitalists invested in the same domain during that same period. Learn more here: https://shorturl.at/cqrH9

The latest data on private equity exits presents a challenging picture for the technology sector. PE-backed tech exits fell -47% in 2023, more than any other sector. And while tech remains the largest sector for private equity buyouts at the moment, those too fell -33% last year. It suggests that there is very little deal activity for mature tech companies, which is forcing executives and operating partners to face several realizations which we discuss in our latest research note. Read: https://lnkd.in/eyzWgyVz

🚀 **Industry Alert - Exciting Times Ahead!** The recent news that **TechPoint**, a groundbreaking technology company, has raised a whopping $300 million in its latest funding round, signals a transformative shift in the tech landscape. This significant influx of funds paves the way for more innovation and enhanced technological advancement. TechPoint plans to utilize this capital to expand its product line, invest in cutting-edge R&D, and recruit top-tier talent. This investment sets the stage for unprecedented growth and swift expansion into new markets. As businesses across sectors continue to leverage technology for transformation, TechPoint's move couldn't be timelier. We're likely to witness a surge in competitive and innovative solutions, ultimately benefiting consumers and enterprises alike. 🌐 In the volatile market of 2023, stakeholders should keep a close eye on TechPoint's developments. If their strategic initiatives align well, they could be the game-changer we're all anticipating. #TechInnovation #IndustryGrowth #StartupFunding 🚀

🚀 Exciting News! Starwood Capital Group unveils Starwood Digital Ventures, a dedicated platform for its global data center investment strategy, with a robust commitment of $8 billion in assets. 🌐💼 Leveraging funds from various Starwood Investment Vehicles, the platform aims to expand its pipeline and partner with top-tier data center operators. Read more on CREtech ➡️ https://lnkd.in/eCBceAkQ In the news 👉 Worldwide Mission Critical | Anthony Balestrieri #CREtech #innovation #data #commercialrealestate #tech #technology #realestate #builtworld #builtenvironment #realestateinnovation #investment #datacenter Michael Beckerman Lindsey Imperatore Lauren Leal Kay Ross-Baker Ryan Saunders Kyle Halls ___ Follow CREtech for daily updates on driving innovation and sustainability in the real estate sector. Subscribe to our CREtech Briefs newsletter for more stories like the above 🗞 ➡️ https://lnkd.in/ei6XvHsp

Build. Buy. Partner. Or Invest 💰 Join us on Wednesday, January 24th at 1pm ET / 10am PT for a deep dive into the future of mobility. 🏎️ 🟢 We'll explore the good, bad, and the ugly of mobility venture capital in 2023 and what 2024 might hold. 🟢 Industry leaders representing venture capital, innovation, research, and venture building will discuss the role infrastructure investments play in meeting electrification goals, future perspectives on micro-mobility, and how venture-driven growth can drive mobility forward faster. To register ⬇️ https://bit.ly/3RE7MiY #Mobility #Innovation #VentureCapital K. Venkatesh Prasad Jeff Peters Dave Blakely Emerging Tech Exchange Mach49

VC ... Still not enough !!! BIG TECH R&D SPENDING FAR EXCEEDS US VC In the US, big tech companies’ R&D investment outpaces that of overall US venture funding by a wide margin. This underscores the scale these companies play in driving tech innovation. #venturecapital #research #usa #artificialintelligence #medicresai

Amid all the glorious uncertainties and fast-moving landscape that we operate in, we can't wait to navigate 2024. Here's Arun Raghavan's take on enterprise investing in the new year. https://lnkd.in/d-BwRdjx #venturecapital #seedfunding #enterprisetech