special purpose vehicles

A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen

- SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.

Sources: Klarna co-founder Victor Jacobsson, who left in 2012 and owns ~4% directly, may have an 8%+ stake via special purpose vehicles ahead of an expected IPO

Financial Times :

Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021

Venture capital fund Target Global managed tens of millions of dollars for Roman Abramovich and helped the now-sanctioned oligarch build … X: @hkanji , @_iainmartin , @_iainmartin , @giacomotognini , ...

Berlin-based Enway, which is developing autonomous street-sweeping machines and other special purpose vehicles, raises €6M in seed funding led by Redalpine