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Global Millennial Capital: A Data Driven Venture Capital Investor Bringing Global Unicorns from Silicon Valley to GCC Region
An exclusive interview with Global Millennial Capital Founder & General Partner, Andreea Danila
- Please introduce yourself and tell us more about Global Millennial Capital strategy and its area of specialty?
My name is Andreea Danila, I am the founder of Global Millennial Capital, I am a strategist, innovator, venture capitalist and entrepreneur. Global Millennial Capital is the first venture capital firm from the Arab world to introduce the concept of deep learning and artificial intelligence and revolutionize the traditional way of investments evaluation and decision approach. We invest in global scalable, tech enabled and highly transformational consumer-centric early-stage opportunities in Silicon Valley making these unique opportunities accessible to a private group of investors from the region.
- Please tell us more about your areas of focus, and please describe your company’s strategy towards utilizing data science and AI.
I developed the concept of deep learning while studying at MIT in 2020 in parallel to doing my general management program at Harvard Business School. I wanted to solve the challenge of venture capital random returns distribution and understand how many bets a fund manager needs to place to generate above 50x CoC return for at least 6% of its investment portfolio. Today, 90% of the venture capital funds do not return more than 1x of investor capital due to lack of access or quality deal pipeline. For venture capital funds to generate between 2x to 4x cash on cash return, investment managers would require multiple offices in various jurisdictions, with teams comprising 30 to 40 analysts or losing control of the deal process by outsourcing to fee-based referral networks.
Millennial Ai, a proprietary data science algorithm of Global Millennial Capital presents a revolutionary solution to the ongoing issue of access to quality deal pipeline. We constructed a world of opportunities by analyzing global venture capital big data and being able to assess with confidence investment data points within clusters, investment stages, models and context as well as provide unique company linked algorithm assessments. We can analyze between 15,000 to 20,000 companies today with an increased potential in the coming months.
- Please tell us more about your areas of focus with the fund and investments completed to date.
Global Millennial Capital private investment fund has completed 10 investments in the US with an aggregate portfolio value of USD 152 million as of October 2021. Our vision is to become the venture capital fund of choice for regional investors, positioned at the intersection of fintech and investment management by providing access to Silicon Valley curated opportuntities. We are extremely excited about the outlook of our technology as well as our portfolio companies as we continue to disrupt the traditional wealth management space in collaboration with the financial regulators within various jurisdictions which enable us to carry our activities within the institutional grade guidelines as a regulated private investment fund.
- Please tell us about your investments completed to date.
Our portfolio strategy focuses on the fintech vertical where we observe attractive statistics such as funding velocity and investor propensity but also shorter investment period to unicorn status. Financial services are transforming driven by digitization, on demand and hyper-personalization led by the requirements of millennials and GenZs, the emergency of DEFI, crypto and blockchain as well as accessibility of financial solutions to masses for banked and unbanked consumer groups. We surely excited about various of our portfolio winners with companies like Envel, a fintech which uses artificial intelligence to automate your personal finances, as well as Rocket Dollar who provides investment freedom by unlocking the retirement plan into alternatives, Financial Choice a robo-advisor who provides liquidity for mutual funds, bonds and equity markets instantly by transforming your checking account and adding investment features. We have sourced and analyzed around 10,000 fintech companies globally with our team of data scientists creating a fund collective intelligence which enables us to understand clusters, trends, statistics, criteria and benchmarking globally across investment stages.
- Data is the new oil for the future economy. How do you use data and technology in planning and finalizing strategic decisions for the venture capital industry?
Venture capital (VC) has been growing rapidly in recent years. So far, the screening and evaluation of potential startups as investment objects depends on the venture capitalist’s personal experience, network and qualitative evaluations. In the era of big data, the advent of new data sources and analytic techniques enables a data-driven investment process. Our analysis shows that the data-driven approach impacts the deal origination and screening stages of investment. It leads to informational and transactional benefits, which lower operational costs in the short term and enlarge the potential return on investment of a VC firm in the long term. We believe that the introduction of automation or data driven assessment models are providing us a significant competitive advantage over our competitors along with an advanced knowledge-based approach which will significantly differentiate our investment returns.
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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