PathAI Secures $60M in Series B Funding Led by General Atlantic and Existing Investor General Catalyst
PathAI, a global provider of artificial intelligence-powered technology for pathology, announced today that it has raised $60 million in Series B funding. The round was led by new investor General Atlantic, a leading global growth equity firm, with strong participation from General Catalyst and other existing investors. The new capital will fuel PathAI’s continued expansion as the company seeks to advance the medical discipline of pathology. General Atlantic Managing Director Dr. Michelle Dipp will be joining PathAI’s board of directors as the company advances its mission of offering faster, safer, and more powerful solutions for the diagnosis and sub-typing of diseases like cancer.
General Atlantic, a leading global growth equity firm, announced today that Michael Gosk, former Vice President and Chief Tax Officer at General Electric (“GE”) has joined the firm as an Operating Partner. Based in New York, Mr. Gosk will provide expertise and strategic counsel to the firm’s investment team and portfolio companies, with a particular focus on financial operations and tax.
General Atlantic Invests in Deutsche Börse Index and Portfolio Risk/Analytics Business; Combines DB’s Existing Index Provider with Axioma, Inc.
Deutsche Börse AG (Deutsche Börse) and Axioma, Inc. (Axioma) announced that Axioma has agreed to be acquired by Deutsche Börse for US$850 million cash and debt free (around US$820 million equity value) and will be combined with Deutsche Börse’s index businesses (STOXX® and DAX®) valued at €2.6 billion.
Rubicon Research Pvt Ltd (“Rubicon”), a global leader in innovative pharmaceutical product development, announced today that General Atlantic has become a significant shareholder in the company. General Atlantic, a leading global growth equity firm, is committing up to $100 million of primary capital and has acquired the stake held by Rubicon’s existing private equity shareholders. All other existing shareholders continue to maintain their shareholding in the company.
Doctolib offers doctors and hospitals a software solution with a full range of services to help improve the efficiency of their operations, provide their patients with a more seamless experience, find new patients, and collaborate with other doctors. Doctolib offers more transparent access to healthcare for patients, by providing a full-suite of online services to manage their health. Doctolib allows patients to find nearby healthcare professionals, book / manage appointments online 24/7, have remote medical consultations via video and receive a digital prescription in their online account.
London & Amsterdam — March 11, 2019 — General Atlantic, a leading global growth equity firm, today announced that Loek van den Boog, former Chairman of Mendix and Myriad, has joined the firm as a Special Advisor and Chairman of General Atlantic Netherlands. Mr. Van den Boog returns to the firm having previously supported the firm as Special Advisor between 1996 and 2004. During his prior tenure at General Atlantic, he served on a number of portfolio company boards, including Global Collect and Patni Computer Systems. Upon his return, he is expected to leverage his software and technology expertise and expansive network to provide strategic support and advice to the firm’s investment teams and portfolio companies.
General Atlantic, a leading global growth equity firm, today announced the opening of a new office in Jakarta, its first in Indonesia, and that it has appointed Ashish Saboo as Managing Director to lead General Atlantic’s operations and on-the-ground presence in the country.
The company powercloud GmbH, a fast-growing cloud software provider for the energy sector, and General Atlantic, a leading global growth equity firm, have announced today a strategic partnership. General Atlantic will acquire a minority stake in powercloud. Additional terms of the transaction were not disclosed.
General Atlantic, a leading global growth equity firm, announced today that Justin Kotzin has joined the firm as an Operating Partner and Head of Debt Capital Markets. Based in New York, Mr. Kotzin will be part of General Atlantic’s Resources Group, providing expertise and strategic counsel to the firm’s investment teams and portfolio companies.
Advent International to acquire majority stake in leading third-party hotel operator Aimbridge Hospitality
Advent International, one of the largest and most experienced global private equity investors, today announced that it has signed a definitive agreement to acquire a majority ownership interest in North America’s leading third-party hotel operator Aimbridge Hospitality from Lee Equity Partners, a U.S.-based private equity firm, and General Atlantic, a leader in global growth investing. Aimbridge’s experienced senior management team will continue to lead the company and will retain a meaningful equity stake in the business.
General Atlantic, a leading global growth equity firm, announced today that Rob Perez, former President and CEO of Cubist Pharmaceuticals, Inc. has joined the firm as an Operating Partner. Based in the firm’s New York office, Mr. Perez will have a particular focus on the biopharma and life sciences sectors, using his expertise to identify new investment opportunities and support the growth of the firm’s existing investments. Mr. Perez will be a part of the General Atlantic’s Resources Group, providing strategic counsel to the firm’s investment teams and portfolio companies.
Invoice Cloud, Inc. (“Invoice Cloud”), a leading Software as a Service (“SaaS”) provider of vertical software, billing, and payments solutions, today announced a strategic partnership with General Atlantic, a global growth equity firm. General Atlantic, which will become the majority shareholder, will invest in Invoice Cloud alongside existing shareholder Summit Partners and Invoice Cloud management to help fuel the company’s next stage of growth.