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margin-bottom: 55px; margin-top: 55px; } .cb p { clear: both; } .content-defi { color: black; font-size: 20px; line-height: 35px; } .cards-defi span, .cards-defi p { color: black; font-size: 20px; line-height: 35px; margin-top: 20px; font-weight: 400; text-align: center; } .icon-box-defi-icon img { width: 100px; } .brand-blue { color: #3761c8 !important; } #custom-code h4 { font-family: 'Aktivgroteskcorp'; font-size: 24px; text-align: center; } .cb img { width: 110px !important; margin-bottom: 30px; } #custom-code p { font-size: 20px !important; line-height: 35px !important; } .prl-20 { position: relative; right: 85px; } .heading11{ color: #002D9C!important; margin-bottom: 0;} h6.estyle-head { background: #3761C8; color: white !important; display: inline-block; font-family: 'Open Sans', sans-serif; padding-top: 15px!important; padding-left: 35px!important; padding-right: 35px!important; padding-bottom: 15px!important; text-align: left !important; font-size: 18px; } .date-style{ color: #00000080!important; text-align: left !important; font-size: 15px; margin-top: 0; margin-bottom: 0px; font-weight: 300; } @media (max-width:767px) { .w100-mob{ width: 100% !important; } .prl-20 { position: relative; right: 0px; } } @media (max-width:500px) { .icon-box-defi-icon h4 { color: black; margin-left: 10px; font-size: 20px !important; margin-bottom: 25px; text-align: left !important; } .icon-box-defi-icon img { width: 75px !important; } .cb img { width: 110px !important; margin-bottom: 0px; } #custom-code p { font-size: 16px !important; line-height: 25px !important; } .sub-heading-defi { text-align: center; color: #002d9c; font-size: 18px !important; font-weight: 700 !important; } .sub-heading-defi2 { text-align: center; font-size: 18px; margin-top: 0; margin-bottom: 35px; font-weight: 700 !important; } .icon-box-defi { flex-direction: column; } .icon-box-defi img { margin-bottom: 25px; } .icon-box-defi-content { border-left: 0; padding-left: 0; } .h5-defi { font-size: 18px; } .h6-heading { font-size: 16px; } .cards-defi > div { width: 100% !important; } .cards-defi p { font-weight: 700; text-align: center; } .content-defi { color: black; font-size: 16px; line-height: 25px; } .cards-defi span, .cards-defi p { color: black; font-size: 16px; line-height: 25px; margin-top: 20px; } } </style> <div class="content-defi">A brief read-up on the latest happenings and news trends taking place in the private market space.</div> <br><br><br> <h6 class="estyle-head">Fresh Investment Rounds</h6> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://blockfi.com/blockfi-signs-term-sheet-with-ftx"> <p class="content-defi heading11"> <b>BlockFi, a crypto lending platform, receives $250M credit facility from FTX</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> June 21, 2022 </p> <p class="content-defi" style="margin-top: 0;">Crypto lending platform, BlockFi, announced that it has secured a $250 million revolving credit facility from FTX, providing BlockFi with access to further capital. The proceeds will be used to fulfill client balances across all accounts types (BIA, BPY & loan collateral) and hence, will be used as needed.<br><br> <b>Our Experts' Insights</b> <br> This is a good news. the company has, as of now, postponed the terms of its Series F financing, until further notice. As per their official release , this is because they have secured a $250M revolver credit facility from the Crypto exchange operator FTX. This will help them manage their working capital position for the foreseeable future.<br></p> <a style="text-decoration: none;" href="https://blockfi.com/blockfi-signs-term-sheet-with-ftx"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://economictimes.indiatimes.com/tech/funding/observe-ai-raises-125-million-from-softbank-vision-fund-zoom-others-as-it-prepares-for-ipo/articleshow/90804688.cms"> <p class="content-defi heading11"> <b>Observe.ai raises $125 million as it prepares for an IPO</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> April 12, 2022 </p> <p class="content-defi" style="margin-top: 0;">The funds will be deployed towards scaling the company’s go-to-market motion and driving geographical expansion into international markets as well as accelerating its timeframe to IPO readiness.<br><br> <b> Our Experts' Insights </b> <br> This fundraise is expected to further enhance the confidence people hold in the company, hence, highlighting its ability to raise funds in a challenging time.<br></p> <a style="text-decoration: none;" href="https://economictimes.indiatimes.com/tech/funding/observe-ai-raises-125-million-from-softbank-vision-fund-zoom-others-as-it-prepares-for-ipo/articleshow/90804688.cms"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://www.indiatoday.in/technology/news/story/epic-games-raises-2-billion-in-funding-to-accelerate-metaverse-plans-1936507-2022-04-12"> <p class="content-defi heading11"> <b>Epic Games raises $2 billion in funding to accelerate metaverse plans</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> April 12, 2022 </p> <p class="content-defi" style="margin-top: 0;">Epic Games has bagged massive funds for its vision of creating a metaverse in the near future. Backed by the existing investors, Sony Group Corporation and Kirkbi, the company has raised a $2 billion round of funding.<br><br> <b> Our Experts' Insights </b> <br> This round of fund raise for Epic Games shall turnout to be extremely relevant from the point of view of financial disclosure.<br></p> <a style="text-decoration: none;" href="https://www.indiatoday.in/technology/news/story/epic-games-raises-2-billion-in-funding-to-accelerate-metaverse-plans-1936507-2022-04-12"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div> <br> <h6 class="estyle-head">Business Development</h6> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://www.businesswire.com/news/home/20220608005324/en/Exabeam-Partners-with-Google-Cloud-to-Create-Hyperscale-Cloud-native-SIEM-and-Cybersecurity-Analytics-Offerings"> <p class="content-defi heading11"> <b>Exabeam partners with Google Cloud to create hyperscale cloud-native SIEM and Cybersecurity Analytics offerings</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> June 9, 2022 </p> <p class="content-defi" style="margin-top: 0;">This partnership move opens up limitless data ingestion, speed, and scale opportunities for worldwide security teams in their ongoing fight against increasingly complex cybersecurity attacks across an ever-expanding attack surface.<br><br> <b> Our Experts' Insights </b> <br> This partnership is believed to be extremely relevant as this act showcases business expansion and partnership with a tech giant.<br></p> <a style="text-decoration: none;" href="https://www.businesswire.com/news/home/20220608005324/en/Exabeam-Partners-with-Google-Cloud-to-Create-Hyperscale-Cloud-native-SIEM-and-Cybersecurity-Analytics-Offerings"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://www.space.com/spacex-nilesat-launch-rocket-landing"> <p class="content-defi heading11"> <b>SpaceX successfully completes its 23rd launch of this year; lands rocket on ship stationed in the Atlantic Ocean</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> June 8, 2022 </p> <p class="content-defi" style="margin-top: 0;">The Nilesat 301 launch continues a very busy stretch for SpaceX; Elon Musk's company has now launched 23 orbital missions in 2022, and the year isn't even half-over yet, including this launch.<br><br> <b> Our Experts' Insights </b> <br> The valuation seems to have increased by 25% from $100B last year to $125B, owing to such aggressive expansion plans and increasing predictability of Starlink's business.<br></p> <a style="text-decoration: none;" href="https://www.space.com/spacex-nilesat-launch-rocket-landing"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://www.livemint.com/companies/news/byju-s-to-invest-200-million-to-expand-hybrid-tuition-model-11651766768246.html"> <p class="content-defi heading11"> <b>Byju's to invest $200 million to expand hybrid tuition model</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> May 5, 2022 </p> <p class="content-defi" style="margin-top: 0;">India's largest ed-tech company, Byju's, is planning to invest a whopping $200 million to expand and build its hybrid tuition business. They have 100 centres in 23 cities but by December, they plan to have 500 centres across 190 cities.<br><br> <b>Our Experts' Insights </b> <br> The expansion of offline tuition centers is an important step for Byju’s to establish a greater presence in the country as COVID is receding and students are coming back to school. EdTechs have realized that a mere online presence will not suffice. This will aid Byju’s offline presence in addition to its acquisition of Aakash Institute.<br></p> <a style="text-decoration: none;" href="https://www.livemint.com/companies/news/byju-s-to-invest-200-million-to-expand-hybrid-tuition-model-11651766768246.html"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://decrypt.co/99346/waitlist-launches-for-kraken-nft-which-promises-zero-gas-fees"> <p class="content-defi heading11"> <b>Kraken is launching an NFT marketplace on their platform</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> May 4, 2022 </p> <p class="content-defi" style="margin-top: 0;">Cryptocurrency exchange Kraken has announced the waitlist is now live for its upcoming NFT marketplace, Kraken NFT. The platform is featuring zero gas fees for NFT sales and transfers, a built-in rarity tool, cash or crypto payments.<br><br> <b>Our Experts' Insights </b> <br> The partnership shall induce 'product diversification' as it shall lead to a significant reduction of risk that a number of digital asset exchanges have in terms of dependence on a handful number of crypto names and offerings.<br></p> <a style="text-decoration: none;" href="https://decrypt.co/99346/waitlist-launches-for-kraken-nft-which-promises-zero-gas-fees"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <h6 class="estyle-head">Legal & Compliance</h6> <div class="content-defi box-cont" style="margin-right:0 !important;padding: 20px 30px;" > <a style="text-decoration: none;" href="https://economictimes.indiatimes.com/tech/startups/meesho-sends-legal-notice-to-influencers-over-alleged-smear-campaign/articleshow/92061672.cms"> <p class="content-defi heading11"> <b>Meesho sends legal notices to social media influencers and marketing company CEO over alleged 'smear campaign'</b> </p > </a> <p style="font-size: 15px !important;" class="content-defi date-style"> May 2, 2022 </p> <p class="content-defi" style="margin-top: 0;">Meesho, in an attempt to monitor the situation against those spreading misinformation and lies about the company, shall be taking this legal step and would continue to do so in future against any attempts that are similiar in nature.<br><br> <b> Our Experts' Insights </b> <br> Our experts would like you to have a look at few revelant points made by the CEO, Vidit Aatrey, in a recent statement:<br> </p> <ul class="content-defi" > <li>In the next one to two years, the company is expected to be cash flow positive. </li> <li> The company recently laid off 150 full time employees in April in a restructuring exercise at its grocery delivery service business.</li> <li>Meesho is planning to list on the bourses in the next 12 to 24 months. </li> <br></p> </ul> <a style="text-decoration: none;" href="https://economictimes.indiatimes.com/tech/startups/meesho-sends-legal-notice-to-influencers-over-alleged-smear-campaign/articleshow/92061672.cms"> <img style="width: 130px;max-width: 130px !important;" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/6278e9e10c924b346e8bac01_Group%202057%20(2).png"> </a> </div><br> <a style="display: block;text-align: center;" href="https://www.linkedin.com/feed/update/urn:li:activity:6940274584466128896"> <img style="width:80%;padding-top:20px;margin: auto;" class="w100-mob" src="https://drive.google.com/uc?export=view&id=13OsPVTQN9WlHloJsc66hS5IjaV_AEPu6"> </a> <br><br> <p class="content-defi" style="text-align: center;margin-bottom: 30px;"><b>Intrigued to know more?</b></p> <p class="content-defi" style="text-align: center;margin:auto;margin-bottom: 40px;width: 60%;"> Discover exclusive private market opportunities today with Kristal Private Markets.</p> <div style="text-align:center;" class="gs-kristal"> <a href="http://kristal.ai/">Get Started</a> </div> <br><br> <a style="text-decoration: none;display: block;text-align: center;" href="https://www.youtube.com/watch?v=6KNCgaGWQoM" > <img style="margin: auto; width:80%;" class="w100-mob" src="https://drive.google.com/uc?export=view&id=1DdFN39ekTZBHt8_mkLQdOnWyHVcRwvKm"> </a>

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Kristal Private Markets

June 24, 2022

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