Media Center

  PRESS RELEASE
October 14, 2019

Lu Wang Joins General Atlantic as Operating Partner

General Atlantic, a leading global growth equity firm, today announced that Lu Wang has joined the firm as an Operating Partner. Based in Beijing, Mr. Wang will provide strategic counsel to the firm’s investment team and portfolio companies through his significant operational expertise spanning the internet, e-commerce, digital and technology sectors in China.

  PRESS RELEASE
October 8, 2019

Marathon Health and General Atlantic Announce Strategic Partnership

Marathon Health (“Marathon,” or the “Company”), a leading provider of employer health centers, and General Atlantic, a leading global growth equity firm, today announced a strategic partnership that will position Marathon to further scale its operations and footprint to serve employees, spouses, and dependents across the United States. Along with the transaction, General Atlantic became the majority owner of Marathon, while Goldman Sachs’ Private Capital Investing Division has exited its approximately three-year partnership with the Company.

  PRESS RELEASE
August 19, 2019

Sanfer receives USD $500 million from CDPQ to fund strategic growth across Latin America

Sanfer, one of Mexico’s leading independent pharmaceutical companies, today announced it has obtained a USD $500 million minority investment from Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. The investment, one of the largest minority private equity transactions in Mexico, will enable Sanfer to execute on its continued expansion plans across Mexico and the broader Latin American region.

  PRESS RELEASE
August 19, 2019

Morphe Holdings and General Atlantic Announce Partnership and Strategic Growth Investment

Morphe Holdings, a global beauty company, and General Atlantic, a leading global growth equity firm, announced today the launch of a new partnership in which General Atlantic will acquire a majority stake in the company alongside existing investor Summit Partners and co-founders Chris and Linda Tawil. Additional terms of the deal were not disclosed.

  PRESS RELEASE
August 15, 2019

Motif Ingredients Rebrands to Motif FoodWorks, Raises $27.5 Million to Fuel Animal-Free Ingredients R&D

Ingredients innovation company, Motif Ingredients, today announced it received $27.5 million in funding led by General Atlantic, a leading global growth equity firm, with participation from CPT Capital. The company also revealed a new brand identity and name, Motif FoodWorks, and announced a number of additions to its leadership team. The capital raise, evolution of its brand and expanded team strategically position Motif FoodWorks to fulfill its aspiration to extend the realm of what’s possible with animal-free ingredients.

  PRESS RELEASE
August 1, 2019

Wish Valuation Rises to More Than $11 Billion Following Series H Financing Led by General Atlantic

Mobile shopping leader Wish today announced that the company’s valuation was $11.2 billion post-money following a Series H round of financing led by General Atlantic, a leading global growth equity firm. With this new investment, Wish’s valuation increased from $8.7 billion following its last funding round in late 2017.

  PRESS RELEASE
July 8, 2019

Vittorio Colao Joins General Atlantic as Special Advisor

General Atlantic, a leading global growth equity firm, announced today that Vittorio Colao has joined the firm as a Special Advisor. Mr. Colao, former Group Chief Executive of international communications company Vodafone Group Plc, will advise General Atlantic and its portfolio companies as the firm continues to execute on its global growth investing strategy.

  PRESS RELEASE
June 26, 2019

Detroit-based StockX Closes $110M Series C Led by DST Global, General Atlantic and GGV Capital; Names e-commerce Veteran Scott Cutler CEO

StockX, the world’s first ‘stock market of things’, has closed on a $110 million Series C funding round from investment firms DST Global, General Atlantic, and GGV Capital. The company also announced today the appointment of Scott Cutler as CEO. Cutler succeeds co-founder Josh Luber, who will continue to serve on the executive leadership team and board of directors. The raise, in which current investors GV and Battery Ventures also participated, represents the largest in Michigan VC history to date and values StockX at over $1 billion.

  PRESS RELEASE
June 24, 2019

Blend Raises $130 Million in Series E Funding to Power One-Tap Mortgages and Consumer Loans

Blend, a leader in digital lending technology, today announced it has raised $130 million in Series E funding led by Temasek and General Atlantic. Existing investors 8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also participated in the round, which brings the company’s total funding to $310 million.

  PRESS RELEASE
June 7, 2019

Depop raises $62 million Series C to meet rising demand from US Gen Z

Depop, the fashion marketplace for Generation Z, has raised $62 million in a Series C round led by General Atlantic Depop intends to use the funds to accelerate its US expansion, where the Gen Z fashion app already has 5 million users, stores in New York and Los Angeles and expects to grow its community over in the coming years With a mission to empower the next generation to transform the fashion industry, Depop taps into generational shifts towards circular fashion, social shopping and independent brands Sellers on the platform have made more than half a billion dollars (more than $570 million) and 19 million transactions since its launch in 2011 Depop, a fashion marketplace for the next generation, has secured a $62 million Series C round led by General Atlantic. Depop intends to use the funds to accelerate its expansion in the U.S. and internationally, grow its London-based engineering and data science teams and invest in new tools and functionality for the platform’s more than 13 million users globally.

  PRESS RELEASE
June 5, 2019

NoBroker.com Raises USD $51 million in Series C Funding led by General Atlantic

NoBroker.com announced today that it has raised USD $51 million in Series C Funding. This brings the total funding raised by NoBroker to USD $71 million. The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT.

  PRESS RELEASE
June 3, 2019

General Atlantic Announces Strategic Partnership with Travel Platform Kiwi.com

Global growth equity firm General Atlantic announced today a strategic investment in Kiwi.com, a leading online travel booking platform powered by cutting-edge technology.  Co-founders Oliver Dlouhý and Jozef Képesi will remain significant shareholders and continue to drive Kiwi.com’s strategic growth plans in partnership with General Atlantic.  Terms of the deal were not disclosed.

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