M&A Week 2023
And WFIC 2024
^h/t Piotr Kononow.
Getting To Know You
I’d love to get to know my subscribers. If we’re not connected on LinkedIn, shoot me a connection here.
M&A
Corlytics acquired Clausematch (compliance workflows).
Cytel acquired stève consultants (healthcare research).
EcoOnline acquired Ecometrica (ESG software).
Francisco Partners acquired Macrobond (macroeconomic data) for almost €700M.
Man Group acquired Varagon Capital Partners (private credit).
Sojern acquired VenueLytics (hospitality).
Thermo Fisher acquired CorEvitas (pharma real-world data) for $912.5M.
Check out What I’m Reading below for A Startup’s Guide to Buying Companies.
*transactions have been announced but may not be closed
Fundraising
73 Strings (valuation and portfolio monitoring solutions) raised a Series A led by Blackstone Innovation Investments and Fidelity International Strategic Ventures.
CapStack (operating system for banks) raised $6M in a Pre-Seed round led by Fin Capital.
Orennia (energy transition analytics) raised $25M in a Series B led by Wellington Management.
RS21 (data science solutions) raised $3M from Thayer Ventures.
Tamr (data products) announced an investment from Alteryx Ventures.
People Moves, Promotions, and Appointments
Andreas Aglen was appointed CEO of Exabel.
Ron Babington joined 3E as VP, Data Management.
Jonathan Barton joined Bobby Jain’s new hedge fund as COO.
Wendy Batchelder joined the Board of Pitchly.
Heather Bellini joined InvestCloud as President & CFO. She was also appointed an Industry Partner at Motive Partners.
Victor Chang joined ServiceNow as VP, Ventures.
Lisa Cohen joined Google as Director, Data Science & Engineering, Bard & Assistant.
Lindsey Drake joined GeoComply as CFO.
Jill Griebenow was promoted to CFO at Cboe Global Markets.
Paul Johnson joined Snap Analytics as Principal Consultant & Director, Data & Analytics.
Armin Kohan joined Coatue as Vice President.
Samuel Livingstone joined the European Advisory Board at BattleFin.
Meghan Murray joined Cybersyn as Head of Marketing.
Jim Owens joined Atheneum as CEO.
Wayne Peacock joined Walmart as Advanced Analytics Leader in Walmart Fulfillment Services.
Michael Weisz was appointed CEO of Yieldstreet.
Nathan Whigham joined Gulp Data as Managing Director, Lending.
Andi Woolass joined Enfusion as Executive Director, EMEA Partnerships.
What I’m reading
Snowflake vs. Databricks by Vivek Ramaswami and Sabrina Wu at Madrona.
Ken Griffin's Citadel is rebuilding one of its most critical platforms. Here's an inside look at the project by Bianca Chan in Insider.
The fastest driver in Formula 1 on the AWS Machine Learning Blog.
What is the survival rate of Corporate VC units? a 3-year check-in by Professor Ilya Strebulaev at Stanford University Graduate School of Business.
A Startup’s Guide to Buying Companies by Travis May on Medium.
Massachusetts weighs outright ban on selling user location data by Will Shanklin in Engadget.
ICYMI last week The Network Expert, a new Substack focused on the expert network industry.
*New Company Alert*
CapStack emerged from stealth with $6M in Pre-Seed funding led by Fin Capital with participation from Alloy Labs, Cambrian Ventures, Cowboy Ventures, Future Perfect Ventures, Gaingels, Selah Ventures, Uncorrelated Ventures, and Valor Equity Partners. The company was founded in March by Michal Cieplinski (former Pipe, LendingClub, Fundbox) and Tzvika Perelmuter (former Fundbox, Unit 8200). CapStack is an integrated operating system for banks, enabling cooperation across banks and other financial services institutions in order to drive profitability and asset diversification.
Who’s Hiring
Altice is hiring a Vice President, Data & Reporting.
Ascential is hiring a Equity Research Analyst - Ascential Alternative Data.
Cabinet Office (UK Gov) is hiring a Lead Technologist, Incubator for Automation and Innovation (i.AI).
FactSet is hiring a Principal Sales Specialist - Cobalt GP Portfolio Monitoring.
Harvard Business School is hiring a Managing Director, Data, Analytics and AI.
L’Oréal USA is hiring a Chief Data Governance & Analytics Officer.
McKinsey is hiring a Data Risk Manager.
NFL is hiring a Director, Data Engineering and Director, Data Governance
Robinhood is hiring a Head of Crypto Data Science.
Rue Gilt Groupe is hiring a Director, Data Science.
Similarweb is hiring a Data Engineer, Investor Vertical (DaaS).
Stocktwits is hiring a Head of US Content.
Teragonia is hiring a Principal, Business Analytics.
Two Sigma is hiring a Head of Product: Venn Platform.
What I’m Listening To
Addressing the Trust Hurdle in ML with Chad Doerge at Aiera on the Get In The Mode Podcast hosted by David Jitendranath of Modestack.
I See Data People Episode 18 with Salam Beasan at Similarweb.
Upcoming Events
*new events added since last newsletter
*CDOIQ Symposium - July 18-20, Boston
AWS Summit NYC - July 26, NYC
Big Data LDN - September 20-21, London
BattleFin Discovery Day London - September 26-27, London
Neudata San Francisco Data Summit - September 28, San Francisco
Special Event Announcement
The FISD World Financial Information Conference (WFIC) was just announced for September 15-18, 2024 in Austin, Texas. My vote for Hawaii must’ve gotten lost in the mail but I won’t demand a recount ;)
Be sure to get on their mailing list for event updates. If your firm is not currently an FISD member and you would like to participate, or you have questions about WFIC, please reach out to Tracey Shumpert at tshumpert@siia.net.