Vinted, Europe’s leading second-hand fashion marketplace, has announced the successful completion of a €340 million secondary share sale, boosting its valuation to €5 billion. The transaction, spearheaded by TPG (NASDAQ: TPG), a prominent global alternative asset manager, reinforces Vinted’s growth trajectory in the expanding second-hand market. This latest funding round diversifies Vinted’s investor base and acknowledges the contributions of its employees and early investors to the platform’s success. TPG’s Tech Adjacencies (TTAD) strategy, which provides flexible capital solutions to technology firms, led the investment. Notable participants in the funding included major investment funds such as Hedosophia, Baillie Gifford, Invus Opportunities,…

Vanta, a leading trust management platform, has announced significant investments in the United Kingdom and Ireland, reflecting its commitment to support businesses in achieving compliance and enhancing security programmes. The company unveiled new compliance frameworks, product features, and the opening of a London office to better serve its growing customer base in the region. The rapid adoption of artificial intelligence (AI) technologies presents both opportunities and risks for organisations. According to Vanta’s recently released State of Trust 2024 report, almost half (49%) of UK companies are apprehensive about the security risks associated with AI. In response, Vanta is supporting the…

Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc, has announced its agreement to acquire a 100% equity stake in RISEC Holdings, LLC, which owns a combined-cycle gas turbine power plant with a capacity of 609 megawatts (MW) in Rhode Island, USA. This strategic acquisition aims to bolster Shell’s position in the deregulated Independent System Operator New England (ISO New England) power market. The Rhode Island plant has been a vital asset for Shell since 2019, when SENA entered into an energy conversion agreement for 100% of the plant’s energy offtake. The acquisition will not only secure…

Loomis Sayles & Company, a prominent global investment manager with nearly $360 billion in assets under management as of 30 June 2024, has announced the appointment of Vince Verhoeven, CFA, as investment director for its Global Bond and Emerging Markets Debt teams. Based in Utrecht, Verhoeven will work closely with the investment directors located in Boston. In his new role, Verhoeven will be responsible for communicating the firm’s global fixed income and emerging markets debt capabilities to clients, investment consultants, and prospects throughout Europe. He will collaborate with the firm’s portfolio managers, including David Rolley, Lynda Schweitzer, and Scott Service…

Exploring Zendbox Fulfillment Services In today’s fast-paced e-commerce landscape, the efficiency of order fulfillment plays a crucial role in determining the success of businesses. One company that has significantly impacted the logistics and fulfillment industry is Zendbox. This article delves into the various aspects of Zendbox, exploring how its innovative approach is reshaping e-commerce fulfillment. What is Zendbox Zendbox is a technology-driven fulfillment platform designed to optimize the logistics and distribution processes for e-commerce businesses. It operates as a third-party logistics (3PL) provider, specializing in providing comprehensive, end-to-end fulfillment solutions to online retailers. Zendbox offers services such as inventory storage,…

FPT, a leading global technology corporation, has announced the creation of a joint venture with P3 Group, an international consulting firm founded in 1996. The new company, P3 Vietnam Ltd., aims to combine FPT’s scalability and rapid execution capabilities with P3’s deep industry expertise to set new benchmarks in software development. The joint venture will provide a range of software solutions tailored to specific industry needs, including the automotive and energy sectors, offering customers high-end software services delivered efficiently and cost-effectively. The partnership between FPT Software, a subsidiary of FPT Corporation, and P3 Group leverages their complementary strengths to address…

Broadcom Inc., which recently completed its acquisition of VMware, will be hosting VMware Explore 2024 in Barcelona from 4-7 November at the Fira Gran Via. The event will offer attendees a comprehensive programme of breakout sessions, certification training, and hands-on labs, covering the latest technology and industry trends. One of the highlights of VMware Explore will be the general session keynote on Tuesday, 5 November, at 9:00 a.m. CET, when Broadcom’s President and CEO, Hock Tan, will deliver a speech titled “Shaping the Future of Cloud and AI Innovation.” The keynote will feature leading figures from Broadcom, VMware experts, and…

The Future Investment Initiative (FII) Institute has revealed the distinguished speakers and full programme for its highly anticipated FII8 conference, set to take place from 28 to 31 October 2024 at the King Abdulaziz International Conference Center in Riyadh. With an emphasis on fostering collaboration between governments and businesses, the event aims to tackle critical global issues spanning finance, energy, climate change, and artificial intelligence. FII8 will kick off with two dynamic pre-summits on 28 October, the New Africa Summit and the HERizon Summit. The New Africa Summit will focus on the continent’s evolving opportunities and risk landscape, covering sectors…

Smartkem, Inc. (NASDAQ: SMTK), a pioneering company in the field of display technology, has announced its participation in the upcoming TechBlick: The Future of Electronics Reshaped conference, scheduled for October 23rd and 24th, 2024. The event will take place at the Estrel Berlin Hotel and Convention Center, where Smartkem will exhibit its groundbreaking organic thin-film transistors (OTFTs), which have the potential to revolutionise the display industry. Visitors can find Smartkem at booth F01, where Senior Formulation Scientist Jordan Brannick will be available for one-on-one meetings throughout the duration of the exhibition. The conference promises to be a significant gathering for…

Arthur D. Little (ADL) has announced the promotion of nine new Partners across its global offices, reinforcing the firm’s commitment to nurturing internal talent and recognising exceptional expertise across key sectors. The promotions, spanning offices from Rome to Tokyo, highlight ADL’s dedication to its people and their professional growth while strengthening its offering to clients worldwide. The new Partners bring a wealth of experience in sectors ranging from telecoms and energy to digital strategy and transport. According to ADL, the promotions reflect the firm’s core values of developing talent and empowering experts who have demonstrated significant contributions to their respective…