Stories of the week: Groq's, Wiz and Graphcore
About us
LaunchBay is a venture firm specialising in FinTech Infrastructure, B2B Software, and AI applications, investing in companies at the point where they have demonstrated product-market fit and are ready to scale. With headquarters in London, UK, and Tel Aviv, Israel, Launchbay has built a global presence with strong connections in the local ecosystems in which the team operates and an active investment and portfolio construction approach. Launchbay supports technology companies across three main pillars: - a flagship access fund for early-stage investments, - a growth fund for selected later-stage opportunities, and - a proprietary digital investment platform that facilitates primary and secondary deals across various stages Data-driven decision-making is a key aspect, where we utilize algorithms and scoring within the platform to address industry-wide challenges related to access and liquidity. Launchbay takes a particular interest in founders with an immigrant background because we recognize the distinct perspective, drive, and ambition that often accompany building successful businesses outside of one's home country. We believe in the success stories of the vision, capabilities, and growth potential demonstrated by founders with this type of experience.
- Website
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launchbaycapital.com
External link for Launchbay Capital
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- London
- Type
- Partnership
- Specialties
- secondaries, fintech, B2BSaaS, Infrastructure, VC, venture, and data
Locations
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Primary
Get directions
One Heddon St
London, W1B 4BD, GB
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Get directions
Azrieli Sarona Tower, Derech Menachem Begin 121
Tel Aviv, IL
Employees at Launchbay Capital
Updates
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Thanks for having us!
Great show for Private Markets London at the Mandarin Oriental Hyde Park. Thanks to all attendees, speakers and sponsors: Launchbay Capital , Carbon Infrastructure Partners , Forge , Goodwin , KPMG US , Resource Capital Funds
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Ben Funk's vision: secondary markets for family offices
Secondary markets for family offices: A view from BNY Ben Funk, Partner at Launchbay Capital, writes that the expansion of secondary markets for private company stocks can be likened to opening Pandora’s box. There’s a clear appetite for getting in on private growth funding rounds – and not only by institutional investors. #Secondaries #Secondary #SecondaryMarket #AlternativeInvestments #PrivateMarkets #Venture #VentureCapital #VC https://lnkd.in/efMWGxss
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Deep dive from Ryan (and industry insiders including ourselves) on how the secondaries market has grown substantially because of the current state of IPOs and the need for liquidity.
Venture secondaries have risen in popularity in recent years as LPs and GPs alike seek liquidity in a difficult market. A nascent market for years, Industry Ventures predicted in 2022 that the VC secondaries market would surpass $130 billion in 2023. New and existing investors have felt the growth of the market with StepStone Group closing on a record $3.3 billion for its sixth fund and Industry Ventures closing on $1.45 billion for its 10th fund nine months earlier. A number of new entrants have also emerged including Pinegrove Capital Partners and Launchbay Capital. This morning we published both a story discussing the basics of venture secondaries investing, what the market looks like and where its headed as well as our first edition Guide to Venture Secondaries Buyers. Thank you to Hans Swildens, Gaurav Mathur, Alan Vaksman, John Avirett, Ana Levine and everyone else who spoke to me for this project. #venturecapital #secondaries https://lnkd.in/eiUySQeE
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Looking forward to July 9th!
Register Today! https://lnkd.in/efcpzUEr
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In the first half of 2024, there were several notable company-led secondary sales. This highlights the growing importance of the secondary market for private companies. Here are our top five. In April 2024, Canva completed a record-breaking US$1.5 billion secondary share sale, one of the largest in global startup history. This event gave Canva a valuation of $26 billion, down from its peak of $40 billion in 2021. Revolut is preparing for a substantial secondary share sale worth approximately $500 million (£394 million), which could value the company at more than $40 billion, surpassing its $33 billion valuation from a 2021 fundraising. Also in April 2024, Stripe completed a significant secondary share sale with a $694 million tender offer, valuing the company at $65 billion—a 30% increase from its $50 billion valuation in March 2023. In late 2023, a tender offer valued OpenAI at $86 billion, making it one of the world's most valuable startups at the time. But wait! SpaceX has just announced a planned secondary market share sale that will value the company at around $210 billion.
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