Smart team, smart product, and very smart global opportunity: our investment in SmartNews08/08/2014
The $150B+ global news industry has been undergoing a profound transformation for well over a decade. News is more accessible and more widely consumed than ever before, but the means of delivery and the industry’s economic model are still undergoing significant disruption.
If the first wave of change was brought by the explosion of desktop Internet access, the second wave has been fuelled by the spread of smartphones and tablets, enabling entirely new ways to discover and consume news. Against this backdrop of ongoing disruption, there is a huge opportunity for products that are both loved by users and also work economically for news publishers.
Bebê, meet Baby07/24/2014
Bebê Store (www.bebestore.com.br), Brazil’s leading online baby goods retailer and a company we've been proud to back since 2011, has just announced the acquisition of its main competitor in the country - Baby (www.baby.com.br).
We’ve believed in founders Leonardo and Juliana Simão and their vision for Bebê Store for a long time, becoming their first outside investors. Since then, we've worked with the team to help scale the business and are delighted that they're consolidating their leadership of the market with this transaction. Baby has undoubtedly been a major player in Bebê Store’s field, having attracted over $50 million in investment prior to its acquisition, and the combination of their operations will help Leonardo, Juliana and the team take the business to a new level of success.
EVRYTHNG’s powering ahead - a recap of 2014 so far05/06/2014
Last week EVRYTHNG, the Internet of Things software company, made its latest announcement in its mission to connect – well – everything, with a new $7m investment round. The team has won awards and recognition as a pioneer in this fast-growing and global space, and as a previous investor we’re proud to be leading this funding round alongside Cisco Systems, BHLP and Dawn Capital.
EVRYTHNG’S good news capped off a strong start to 2014 for our friends across the world, with many of our portfolio companies continuing their impressive momentum with great news of their own.