Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Mark Ang"


3 mentions found


REUTERS/Mike Blake/File Photo Acquire Licensing RightsHANOI, Oct 20 (Reuters) - Vietnamese electric vehicle (EV) maker VinFast said on Friday it has entered into a share subscription of up to $1 billion with U.S.-based fund Yorkville Advisors as it seeks to fund expansion in overseas markets. VinFast has the option, but not the obligation, to require Yorkville to subscribe for up to $1.0 billion worth of ordinary shares in VinFast at any time during the term of the agreement, VinFast said in a filing to the U.S. securities authority. VinFast so far has sold around 22,000 cars, aiming to meet this year's sale target of 40,000 to 50,000 units. Yorkville two years ago bought up to $400 mln worth of share in EV maker Lordstown. In April it said it would receive a fresh round of funding pledges worth $2.5 billion for its future development, of which $1 billion would be from its founder's pocket.
Persons: Mike Blake, VinFast, Pham Nhat Vuong, Ford, , David Mansfield, Vuong, Mark Angelo, VinFast's, Tesla, Phuong Nguyen, Jason Neely, Martin Petty Organizations: Los Angeles Auto, REUTERS, Rights, U.S, Yorkville Advisors, Nasdaq, Yorkville, Lordstown, Thomson Locations: Los Angeles , California, U.S, Rights HANOI, Yorkville, VinFast, Vietnam
GoBolt raised a $55 million in funding, bringing its total capital raised to $162 million CAD. The company achieved a higher valuation compared to its Series B, despite the market "bloodbath". GoBolt seeks to build out its fleet of electric trucks and one day be "carbon negative". The 3rd party logistics company Second Closet hired had just called to say they weren't going to make it. The company raised the funds in Canadian dollars but the amounts have been converted to US dollars for this article.
Family offices more than doubled their direct investments in startups last year to more than $120 billion, remaking the venture-capital landscape and launching a new wave of family-office funded entrepreneurs. Single family offices invested $123 billion in direct venture capital deals last year, up from $55 billion in 2020, according to a report from SVB Capital. There are now more than 10,000 family offices worldwide — most created over the past decade — with over $6 trillion in assets under management. In-house deal teams "Family offices are leaning in to the venture asset class," said Shailesh Sachdeva, managing director of SVB Capital's Family Office practice. As they balloon in size and sophistication, family offices are becoming deal powerhouses in their own right.
Persons: Shailesh Sachdeva, SVB, Sachdeva, Younger, Joe Stadler, Stadler, Mark Ang, Michael Hyatt, Hyatt barraged Ang, Ang, Hyatt Organizations: SVB, UBS, UBS Global Wealth Management, University of Toronto, Hyatt Family, Hyatt Locations: Canadian
Total: 3