Our portfolio company RavenPack has launched a free and publicly available monitor offering projections and analysis about the upcoming U.S. election. Users can download RavenPack’s election data, embed the full dashboard or widgets on their website, and subscribe to regular insights on the U.S. election: RavenPack election monitor.
The monitor is based on a forecasting model that was successful in predicting four of the five previous U.S. presidential elections. An alternative to polls, this new approach uses sentiment analysis and media attention to forecast election results.
“Our news-driven methodology offers an alternative angle to traditional forecasting approaches, such as polls or surveys, and summarizes the complexities of the current political and socio-economic environment in the United States,” says Armando Gonzalez, CEO of RavenPack. “We thought the U.S. presidential election was an ideal opportunity to showcase the power of alternative data on broader use cases than the financial applications for which most of our clients use our data and technology.”
Enquiries
For enquiries, please contact:
Per Roman, Managing Partner, GP Bullhound at per@gpbullhound.com
Armando Gonzalez, CEO, RavenPack at info@ravenpack.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.
About Ravenpack
RavenPack is a leading big data analytics provider for financial services. RavenPack’s platform is used by some of the best performing hedge funds and largest banks worldwide. RavenPack uses AI to turn highly fragmented unstructured content into organised structured data for easier analysis and deployment in financial applications. The firm has a team of more than 100 people and offices in New York City and Marbella, Spain. www.ravenpack.com
MariaDB, based in Redwood City, California, and Helsinki, is the company behind the enterprise open source database used by over 75% of Fortune 500 organizations.
The $25M funding round will be used to accelerate MariaDB’s customizable and cloud-vendor agnostic database-as-a-service, labelled MariaDB SkySQL, to more quickly support the growing demands for cloud databases.
“MariaDB has become a household name in the IT industry,” said Per Roman, Co-founder and Managing Partner at GP Bullhound. ”We have been particularly interested in its focus on bringing the flexibility, security and stability of MariaDB to the cloud. That’s why we’re excited to invest in MariaDB as we see enormous opportunities for their SkySQL product.”
GP Bullhound joins the round as the only new investor, proving its role as a value-added partner with capabilities to support MariaDB through its lifecycle.
GP Bullhound is investing from GP Bullhound Fund V that recently had its first close of €125M focusing on growth-stage businesses in the software industry. The fund follows the successful strategy of its predecessor funds that have invested in companies such as Slack, Klarna, Unity, RavenPack and Believe.
Enquiries
For enquiries, please contact:
Per Roman, Managing Partner, per@gpbullhound.com
Joakim Dal, Partner, joakim.dal@gpbullhound.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.
The report estimates the total enterprise productivity market at c. $230Bn today and expects it to grow to $500Bn by 2024. Competition is becoming fierce as Microsoft, Facebook and Google have entered the space – maintaining market share particularly in the enterprise segment is key. Slack is benefiting from a first mover advantage but would need to invest further in product and cyber security, especially as it targets larger customers.
Despite much skepticism that initially surrounded the migration of the fashion vertical to the online channel, at $41bn it is now the second largest and fastest growing e-commerce category in the US. The sector has yielded some of the best returns in the Internet space for investors, for instance Net-a-Porter and YOOX. It is our belief that a second wave of businesses will drive further lucrative exits.
Company Name: Unity Technologies
Website: unity3d.com
Incorporation year: 2004
Geography: US
Company and Industry in brief: The company is also increasingly investing into AR/VR and as of October 2018 over 60% of all AR/VR content is also made with Unity.
Company Name: Slack Technologies, Inc.
Website: www.slack.com
Incorporation year: 2009
Geography: US
Company and Industry in brief: Slack is one of the fastest growing SaaS companies to date, reaching $10M ARR in a few months and $100M in less than 3 years. The company is transforming how people communicate and collaborate within an organization and as of May 2018 it had 8 million daily users of which 3 million were paying.
The funds raised will go toward accelerating the business across Europe, US and Asia in order to make supply chains 100 percent digital and connecting trade.
Tradeshift CEO, Christian Lanng, said: “This investment will enable us to continue our rapid growth and consolidate our leadership position. We welcome GP Bullhound as a new investor and look forward to their valuable contributions as we enter our next growth phase.”
Joakim Dal, Partner at GP Bullhound, commented: “We are very impressed by the platform Christian and his team have built. More and more customers are seeing the benefits of a fully digital supply chain and we see significant opportunities for growth ahead for Tradeshift.”
Enquiries
For enquiries, please contact Joakim Dal, Partner at GP Bullhound, at joakim.dal@gpbullhound.com
About Tradeshift
Tradeshift drives supply chain innovation for the digitally connected economy. As the leader in supply chain payments and marketplaces, the company helps buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app. More than 1.5 million companies across 190 countries trust Tradeshift to process over half a trillion USD in transaction value, making it the largest global business network for buying and selling. Discover commerce for all at tradeshift.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.
About GP Bullhound Asset Management
GP Bullhound Asset Management is the firm’s independent investment arm. It currently manages four funds, investing in high-potential and fast growing technology businesses, from early stage to pre-IPO.