Search company, investor...

Predict your next investment

Asset/Investment Management
alkeoncapital.com

Investments

56

Portfolio Exits

3

Funds

4

About Alkeon Capital Management

Alkeon Capital Management is a privately owned registered investment adviser. The firm invests in the global equity markets and employs long/short equity strategies to make its investments. Alkeon Capital Management was founded in 2002 and has offices in New York, San Francisco and Hong Kong.

Headquarters Location

350 Madison Avenue

New York, New York, 10017,

United States

212-716-6840

Want to inform investors similar to Alkeon Capital Management about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Alkeon Capital Management News

Restaurant tech startup Deliverect to offer social media ordering via ChatFood acquisition

May 10, 2023

Terms of the deal were not disclosed. Founded in Ghent, Belgium, in 2018 by Zhong Xu (CEO), Jan Hollez (CTO), Jelte Vrijhoef (CIO) and Jérôme Laredo (president), Deliverect has raised almost $250 million to date from backers including Coatue Management and Alkeon Capital Management . With operations in 42 markets, Deliverect serves 40,000+ locations from Taco Bell and Burger King outlets to mom & pop restaurants and convenience stores. It integrates online orders made via third party apps such as Uber Eats and Door Dash with clients’ core POS (point of sale) and ERP (enterprise resource planning) systems. This enables restaurants to reach new customers, cut labor costs as staff are not needed to input online orders into a POS system, and reduce errors from having to manually input orders from third party sites into their POS system, claims the firm. Data analysis tools from Deliverect are also helping companies analyze trends and optimize menus and pricing. ChatFood — founded in the United Arab Emirates in 2019 by Benjamin Mouflard and Vinicius Rodriguesby — serves 3,000+ venues primarily in the Gulf region. Its software enables consumers to order food directly through social media apps and improve the dining-in experience via tools enabling diners to order and pay at the table. Higher average order size, higher tips Rather than simply providing links from social media to Uber Eats or a restaurant chain’s e-commerce site, ChatFood enables users to stay on the social media platform they are on, order food, and directly engage with the provider through that platform, Deliverect CEO Zhong Xu told AFN. “So you’re not just placing your order on WhatsApp, you’re messaging the restaurant on WhatsApp, and ChatFood has seen that this connection with the end customer is delivering higher average order sizes and higher tips.” He added: “A lot of people discover new foods and restaurants on Instagram or other social platforms today so it makes sense that a restaurant can sell on these platforms and connect with customers at any point in their journey.” ChatFood has also developed tools to improve the dine-in experience with custom QR codes for menus, ordering, bill management, and payment at the table, which Delieverect will be rolling out in the coming months, said Xu. “We see what ChatFood is doing as very complimentary as they have a strong product and we have a global distribution network. We plan to launch it first in Europe and Australia and then in the US, Canada and other regions in our ecosystem in Q3.” ChatFood cofounders Vinicius Rodriguesby (left) and Benjamin Mouflard (right). Image credit: Deliverect Revenues have doubled over the past year Xu would not share any numbers but said that Deliverect doubled revenues over the past year and has a clear path to profitability. From Taco Bell and Burger King to Krispy Kreme in Latin America, and KFC in France, restaurants are its core clients. However, it is also working with convenience stores and consumer products companies such as Unilever, said Xu, who is now based in New York. “The US side has been growing the quickest and more than 30% of our business is in the US now, which is why I moved here.” Meeting consumers where they are Consumer appetite for food delivery is still strong despite high inflation and the fact that COVID is moving into the rear view mirror in some markets, he claimed. “We see a lot of growth in food delivery, but not just from restaurants. So for example we’re working with One Stop [a UK-based convenience store chain owned by Tesco] so that people ordering milk or ice cream on platforms such as Uber Eats, can get these from their local One Stop store. We’re also working with Unilever on the Ben & Jerry’s ice cream brand.” While large retailers or consumer products companies typically have in-house e-commerce platforms, consumers are not necessarily visiting these sites directly, he said. “Companies can try and push people to their own websites, but they need to be everywhere that their customers are, whether it’s on Uber Eats, Door Dash, or WhatsApp.”

Alkeon Capital Management Investments

56 Investments

Alkeon Capital Management has made 56 investments. Their latest investment was in Apprentice as part of their Series C - II on March 3, 2023.

CBI Logo

Alkeon Capital Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/20/2023

Series C - II

Apprentice

$65M

No

3

12/7/2022

Series C

Drata

$200M

No

15

11/29/2022

Series B - II

Deepgram

$47M

Yes

16

11/9/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

10/25/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/20/2023

12/7/2022

11/29/2022

11/9/2022

10/25/2022

Round

Series C - II

Series C

Series B - II

Series B

Series B

Company

Apprentice

Drata

Deepgram

Subscribe to see more

Subscribe to see more

Amount

$65M

$200M

$47M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

15

16

10

10

Alkeon Capital Management Portfolio Exits

3 Portfolio Exits

Alkeon Capital Management has 3 portfolio exits. Their latest portfolio exit was GitLab on October 14, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/14/2021

IPO

$99M

Public

2

6/3/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

4/21/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/14/2021

6/3/2021

4/21/2021

Exit

IPO

IPO

IPO

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

2

10

10

Alkeon Capital Management Fund History

4 Fund Histories

Alkeon Capital Management has 4 funds, including Alkeon Innovation Opportunity Offshore Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/15/2019

Alkeon Innovation Opportunity Offshore Fund

$1M

1

5/15/2019

Alkeon Innovation Opportunity Fund

$99M

10

Alkeon Innovation Co-Invest I

10

Alkeon Innovation Fund II

10

Closing Date

5/15/2019

5/15/2019

Fund

Alkeon Innovation Opportunity Offshore Fund

Alkeon Innovation Opportunity Fund

Alkeon Innovation Co-Invest I

Alkeon Innovation Fund II

Fund Type

Status

Amount

$1M

$99M

Sources

1

10

10

10

Alkeon Capital Management Team

3 Team Members

Alkeon Capital Management has 3 team members, including current Managing Partner, Abhi Arunachalam.

Name

Work History

Title

Status

Abhi Arunachalam

Managing Partner

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Abhi Arunachalam

Subscribe to see more

Subscribe to see more

Work History

Title

Managing Partner

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.