Tag: investment

Guggenheim Securities Expands Technological know-how Investment Banking Exercise With the Addition of Will Eide

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Guggenheim Securities

NEW YORK, July 19, 2022 (Globe NEWSWIRE) — Guggenheim Securities, the expense banking and cash marketplaces division of Guggenheim Partners, announced nowadays that Will Eide has joined the business as a Managing Director in its Technological know-how Financial commitment Banking practice concentrating on advising companies in the lawful, regulatory and compliance engineering sectors.

Mr. Eide joins Guggenheim from Houlihan Lokey, where by he was accountable for the firm’s financial commitment banking coverage of the authorized, regulatory and compliance engineering sectors. Prior to becoming a member of Houlihan Lokey, Mr. Eide held company enhancement management roles at Lighthouse World, a major authorized and compliance technology business as well as other personal equity-backed providers. Mr. Eide started his investment banking job at Macquarie Funds as a member of the TMT team.

“We are psyched to welcome Will to our increasing technological know-how expense banking follow,” mentioned Mark Van Lith, CEO of Guggenheim Securities. “Will’s depth of business know-how in the authorized, regulatory and compliance technological know-how sectors further enhances our team’s skill to advise corporations and fiscal investors across engineering verticals. We appear forward to his good results at Guggenheim.”

Mr. Eide retains a Bachelor’s diploma from Williams Faculty and a M.B.A. from Columbia College.

About Guggenheim Securities

Guggenheim Securities is the financial investment banking and money marketplaces company of Guggenheim Companions, a world expense and advisory organization. Guggenheim Securities gives expert services that slide into 4 broad types: Advisory, Funding, Income and Buying and selling, and Investigation. Guggenheim Securities is headquartered in New York, with extra places of work in Chicago, Boston, Atlanta, San Francisco, and Houston. For extra data, please adhere to us on LinkedIn or speak to us at [email protected] or 212.518.9200.

About Guggenheim Companions

Guggenheim Companions is a diversified economical expert services firm that provides benefit to its consumers by means of two most important businesses: Guggenheim Investments, a premier international asset manager and investment advisor, and Guggenheim Securities, a top expenditure banking and funds markets business enterprise. Guggenheim’s pros are based in offices all-around the entire world, and our dedication is to produce very long-term outcomes with excellence and integrity even though advancing the strategic passions of our clients. Discover additional at GuggenheimPartners.com, and abide by us on LinkedIn and Twitter @GuggenheimPtnrs.

Media Contact
Steven Lee
Guggenheim Securities
212.293.2811
[email protected]

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Group14’s significant overall performance battery technology will get tremendous billed with $400M investment decision

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Group14 Systems Main Technological know-how Officer Rick Costantino (remaining) and CEO Rick Luebbe inside of of the company’s industrial-scale manufacturing manufacturing facility in Woodinville. (Group14 / Talia Inexperienced Picture)

Woodinville, Clean.-primarily based Group14 Technologies has lifted $400 million in venture cash that will supercharge the commercialization of its battery technology.

The Series C spherical was led by Porsche AG, which programs to use the company’s technological innovation in some of its electric powered autos. Group14 has created a silicon-carbon composite material that can substitute the graphite anodes in lithium-ion batteries, improving their effectiveness by 50% and supplying quicker recharging occasions.

Though Porsche is the initial publicly introduced customer, the technological innovation can improve lithium battery performance across applications and the company is performing with aviation companies and shopper electronics manufacturers as effectively.

“We’ve proven the technological know-how and tested it across 40 distinct consumers,” claimed CEO and co-founder Rick Luebbe. “And now the force is on us to help the demand we see. The demand from customers for this is a fantastic. And so we have to make production ability as rapidly as doable to continue to keep up. We’re seriously going to direct the transformation into the silicon battery market.”

Rick Luebbe, Team14 Systems CEO and co-founder. (Team14 / Talia Eco-friendly)

Group14 introduced in 2015, but Luebbe’s operate in this space dates back considerably farther. The startup spun out of EnerG2, a College of Washington spinoff that Luebbe co-launched in 2003 and was acquired by German chemical enterprise BASF.

Group14 earlier raised $41 million in enterprise funds and funding from the U.S. Office of Electrical power.

Other individuals in this hottest round include OMERS Money Marketplaces, Decarbonization Partners (a partnership among Temasek and BlackRock), Riverstone Holdings LLC, Vsquared Ventures and Moore Strategic Ventures.

The spherical is the major VC financial commitment to be introduced so far this calendar year in Washington condition. Group14 did not share the company’s existing valuation.

The new funding will enable construct a production facility in Japanese Washington’s Moses Lake that really should come on the web in the 2nd 50 percent of subsequent yr. Group14 now has a facility in that spot that’s operating on engineering and R&D. Luebbe mentioned he likes the area due to the fact there is loads of land, a good labor pool and entry to cleanse, economical hydro-power.

“It’s type of an excellent locale and, frankly, not just for us,” Luebbe mentioned. “I believe Moses Lake is likely to be a heart of battery ecosystems.”

The company is also acquiring a joint factory with SK Team in South Korea that is scheduled to start out working later on this calendar year. Group14’s headquarters in Woodinville features manufacturing and R&D. The 90-employee firm has new jobs obtainable throughout its services.

Inside Team14’s producing factory in Woodinville. (Team14 / Talia Environmentally friendly Picture)

The demand for much better batteries is currently being pushed by endeavours globally to shift to electrification and away from the use of fossil fuels that

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SoftBank leads $93 mln investment in NFT gaming firm the Sandbox

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SoftBank Corp’s emblem is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon

Nov 1 (Reuters) – The Sandbox, a Hong Kong-based gaming system that permits buyers to develop a digital earth using non-fungible tokens (NFTs), has lifted $93 million from traders led by SoftBank’s Vision Fund 2, the enterprise explained to Reuters on Monday.

The most current fund boosting arrived a very little over a year right after its final round, as the company noticed quickly advancement in regular monthly lively customers and crossed $144 million in transaction quantity on the system. It also marks Eyesight Fund 2’s initial expenditure in a corporation that issues its own cryptocurrency.

The Sandbox, bulk-owned by blockchain gaming developer Animoca Makes, enables players to establish, have, and monetize their virtual gaming activities on the Ethereum blockchain. It provides creators with possession as NFTs and provides applications to build belongings on the system.

It has announced partnership with models and celebs, such as rapper Snoop Dogg, who will create a electronic replica of his mansion in the Sandbox’s metaverse.

The corporation declined to disclose its valuation, but the crypto currency it backs, the Sandbox coin, has a market cap of approximately $2 billion. The corporation said it now owns about 22% of the tokens.

The price tag of the coin has jumped above 200% just after Facebook (FB.O) declared it would improve its identify to Meta Platforms Inc last 7 days, which spiked trader fascination in organizations that make metaverse gaming practical experience. Metaverse refers to the plan of a shared virtual platform that folks can accessibility by different units and in which they can move as a result of digital environments.

This expenditure will support gasoline the progress of the Sandbox creators’ economic system as it expands from gaming into manner, architecture and virtual concerts, Sebastien Borget, main running officer and co-founder told Reuters in an interview.

“We are generating this open metaverse. We are positioning the Sandbox versus all those giant tech businesses who are professing the metaverse to be theirs, presenting an alternative where by people are very first,” said Borget.

Amid explosive progress for the NFT current market, SoftBank has led a sequence of fundings in NFT-similar providers this year. Its recent investments include things like athletics NFT startup Sweet Digital as nicely as NFT fantasy soccer video game Sorare.

Reporting by Krystal Hu in San Francisco Enhancing by Edwina Gibbs

Our Expectations: The Thomson Reuters Believe in Rules.

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