In 2021, Jeff Bezos is conquering not only the space, but also the venture capital market. The billionaire has invested in five startups

Link copied

09:12 | 26 July 2021

In 2021, Jeff Bezos is conquering not only the space, but also the venture capital market. The billionaire has invested in five startups

Amazon founder Jeff Bezos tops Forbes’ list of billionaires. According to the July 15 edition, his fortune is $210.5 billion. Bloomberg estimates it at $211 billion.

Bezos stepped down as CEO of Amazon on July 5. It was on this day 27 years ago that the store, which originally sold books, came into existence. Bezos is now chairman of the online retailer’s board of directors, and Andy Yassi has taken over as CEO.

In addition to e-commerce, Bezos is involved in space tourism and venture investments. He invests in technology startups through the Bezos Expeditions fund. This year the billionaire has financed five startups.

Pilot

According to Refinitiv, the Bezos Foundation participated in a $100 million investment in accounting startup Pilot, which closed at a valuation of $1.2 billion. The deal turned the startup into a “unicorn.”

In addition to the Bezos fund, Whale Rock Capital, Sequoia, and Index Venture participated in the round. According to Crunchbase, the startup has raised $161.3 million since it was founded in 2017.

Pilot founder and CEO Waseem Daher interned at Amazon 16 years ago. Then he created two companies, one of which was bought by Oracle and the other by Dropbox. His third startup, Pilot, provides online accounting services for other startups and small businesses. However, he does not develop the software for his work himself.

RealWorld

On April 15, Bezos Expeditions invested in RealWorlds, a New York-based startup. The round amounted to USD 3.4 million. The startup’s mission is to simplify adult life. It is developing an app with instructions for all sorts of cases, like arranging a bank card, paying income tax, etc.

Overtime Sports

On April 22, media company Overtime Sports closed an $80 million round. Bezos Expeditions, rap singer Drake, NBA stars, the Blackstones, Morgan Stanley and others participated. The company specializes in producing sports content for television and social media. According to Crunchbase, the startup has raised $115.1 million since its founding.

Chipper Cach

Fintech startup Chipper Cash, which has African roots, raised USD 100 million at the end of May. One of the participants in the round was the Bezos Foundation. It had already invested in this company last year. Chipper Cash develops a payment platform for international money transfers without fees.

Arrived Homes

On June 16, the startup Arrived Homes closed its first round. Bezos Expeditions, Time Ventures, Good Friends, Core Innovation Capital and others were its participants. They gave the startup 10 million USD as an investment. The company received another 27 million USD in the form of a loan. The startup develops a platform that allows investing in real estate.

Follow the information in a format that is convenient for you: Telegram, Facebook, YouTube.

Uncategorized

19:11 | Apr 05, 2024

Toncoin enters top 10 crypto by market capitalization, overtakes Avalanche

Toncoin, The Open Network’s native cryptocurrency token, has once again entered the list of the 10 most significant coins by […]

Uncategorized

16:21 | Mar 04, 2024

Bitcoin Tops $65K as Bullish Bets Climb to Record High

The largest cryptocurrency is now just 5% away from its 2021 high in U.S. dollar terms, having already reached records […]

Hereby "Global Venture Partners s.r.o." notifies that it carries out its activities in accordance with paragraph 1 of article 15, the law on investment companies and investment funds of 19.06.2019. Listed in the ZISIF § 15 para. 1 asset management list managed by the CNB in accordance with § 596 (1) CRR. (F) ZISIF.

IČO: 08241473. LEI: 5493003MKEWYLZ837883...
This information on the site is not an individual investment recommendation, and the financial instruments or transactions mentioned in this material may not correspond to your investment profile, financial situation, investment experience, investment goals. Determining the compliance of a financial instrument or transaction with investment objectives, investment horizon and risk tolerance is the task of the investor
Venture fund Global Venture Partners s.r.o. is not responsible for possible losses of the investor in case of investing in the financial instruments mentioned in this material and does not recommend using the specified information as the only source of information when making an investment decision.
* The Venture Fund does not provide guarantees regarding the reliability and accuracy of the information provided, none of the assumptions contained in this material can be interpreted as a guarantee of investment reliability, income stability and possible benefits associated with management methods or the choice of specific financial instruments. The value of investment products may increase and decrease, the results of investing in the past do not determine future income, the company does not guarantee the profitability of investments in investment funds. All information about the profitability (value gain) of the product managed by Global Venture Partners s.r.o. are quoted excluding commissions and taxes. Charging a commission will reduce the return on investment in investment products. Before purchasing an investment product, you should carefully read the rules of trust management for this product. Services for transactions with foreign securities are available to persons who are qualified investors in accordance with applicable law and are performed in accordance with the restrictions established by applicable law.

Show

Hide