Mar 17, 2023 | GroveStreet, In the News
KPS Capital Partners (KPS) completes the sale of Howden, a leading global provider of mission critical air and gas handling products and services, to Chart Industries for $4.4B in cash. The strategic acquisition expands Chart’s offering across clean power, water, food and industrials. KPS first invested in Howden in September 2019. GroveStreet first became a KPS LP in 2003. Read more about the deal here: https://www.globenewswire.com/news-release/2023/03/17/2629484/0/en/Chart-Industries-Completes-the-Acquisition-of-Howden.html
Mar 1, 2023 | GroveStreet, In the News
La Jolla, California – Managing Partner Bruce Ou led a discussion about investment opportunities in biotech at the PPI Winter Roundtable with venture investor Rachel Lane, Ph. D. of Versant, biotech entrepreneur Enoch Kariuki, and Morgan Stanley’s Head of Biotech Research, Matthew Harrison. Watch a summary of the discussion below.
Feb 13, 2023 | In the News
With the rise of AI, super-angel Daniel Gross argues that the three decades from 1990 to 2020 will be looked back on as an era when “reality was digitized,” laying the foundation for AI to transform productivity for knowledge workers. OpenAI may be seen by many as the leader in “large language models,” but they are not alone. The winners in the race for “artificial general intelligence” have yet to be crowned. Investors are watching this space closely, and Gross provides helpful grounding and insights. Read here: 2023.02.13 AI Thoughts
Jan 23, 2023 | In the News
Stripe, a significant holding among many leading VCs and something of a bellwether among the ‘Decacorns,” signed an agreement under which Amazon will significantly expand its use of Stripe’s core payments platform and Stripe will expand its use of AWS. The move is the latest in a string of similar partnerships that showcase how Stripe’s reliability and industry leading uptime continue to make them a preferred partner to power global expansion for industry heavyweights. Read the news here: https://www.pymnts.com/news/retail/2023/amazon-significantly-expand-use-stripe/
Nov 18, 2022 | GroveStreet, In the News
HELSINKI, Finland – Managing Partner Bruce Ou led a discussion at Slush 2022 with Ash Egan of Archetype Fund, Philip Chopin of NEA, Anttoni Aniebonam of Veri, and Nathan Benaich of Air Street Capital. The group explored “Technologies that expand the TAM of venture,” delving into the global reach of computational biology, digital health, and web3 applications, among other innovations. The session was hosted by Tesi and Keva.
Slush is one of the largest global tech events, held annually in Helsinki, Finland. Born out of a student-driven, not-for-profit movement on a mission to create and help the next generation of groundbreaking entrepreneurs, Slush is now the world’s largest annual gathering of venture capital. Each year, the event brings together 2,600 investors representing over $1 trillion of AUM, 4,600 founders and operators of startups spanning industries and stages, and over 12,000 total attendees.
