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Hedge Fund
bamelevate.com

Investments

85

Portfolio Exits

37

Funds

1

About BAM Elevate

BAM Elevate is a global asset management firm dedicated to delivering consistent, uncorrelated absolute returns in all market environments. The firm manages more than $10 billion through a series of funds managed on behalf of leading endowments, foundations, pension funds, and other institutional and private investors. BAM's disciplined investment approach focuses on true alpha generation by combining a deep fundamental research team with an active risk management culture. The firm has offices in the United States, London & Hong Kong with more than 300 employees representing greater than 40 countries.

Headquarters Location

135 E.57th Street 27th Floor

New York, New York, 10022,

United States

212-808-2300

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Latest BAM Elevate News

Enterprise intelligence company Craft raises $32 million Series B funding to illuminate and strengthen global supplier networks

Feb 5, 2023

Venture Capital News | Private Equity News venture capital directory | private equity directory Venture Capital Firms List / Venture Capital & Private Equity Firms and Sources Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory 2023 New Edition Now Available! (Updated JANUARY 2023) VCPro Database 2023 26th Edition — a downloadable and searchable venture capital database with 6,900+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. Enterprise intelligence company Craft raises $32 million Series B funding to illuminate and strengthen global supplier networks • Series B financing led by BAM Elevate, with participation from Greycroft, Uncork Capital, High Alpha and ServiceNow Ventures SAN FRANCISCO, February 1, 2023-- Craft, the enterprise intelligence company, today announces that it has closed a $32 million Series B equity financing to further develop its leading supplier intelligence platform that empowers organizations to understand, monitor and optimize their supplier network and enterprise ecosystem. The financing was led by BAM Elevate, the venture capital arm of Balyasny Asset Management, with participation from Greycroft, Uncork Capital, High Alpha, ServiceNow Ventures, Point Field Partners, Frederic Kerrest, Executive Vice Chairman and Co-Founder, Okta; Stacey Epstein, CMO of Freshworks, and Edith Harbaugh, co-founder and CEO of LaunchDarkly. In the past year, Craft has deepened its integration of multi-dimensional supplier data, developed advanced analytic capabilities in Craft Risk Hub, Craft N-Tier Mapping and Craft Alerts, and further developed its cloud-based suite of collaboration and case management workflows. Increased focus on Cybersecurity, ESG, legal compliance and geopolitics have all further highlighted the need for comprehensive and reliable intelligence on all tiers of the enterprise supply network. Increasingly, enterprises in both private and public sectors are seeking to predict and mitigate issues proactively rather than reactively, in addition to embedding continuous monitoring of suppliers into daily operations. “Craft stands out as an innovative solution to offering customers visibility, understanding and control of their supply chains,” said Jamie McGurk, General Partner at BAM Elevate. “Enterprises are dealing with increasingly complex, dynamic and fragmented global supply chains, and Craft’s depth and breadth of insight enables customers to mitigate risk and gain control.” Craft’s solution is differentiated due to its proprietary data platform which ingests data from internal customer systems and external sources, and generates risk and opportunity insights for the customer in an easy-to-use, cloud-based portal. Many business intelligence products require clients to bring their own data. Craft’s solution comes filled with deep comprehensive data from thousands of sources, surfacing critical insights on suppliers. The resulting 360-degree view of target companies includes more than 500+ data types that are constantly refreshed using Machine Learning and human validation. Craft company profiles provide actionable insights to millions of professionals each month. “Global enterprises using new data sources, models and methodologies to increase resilience and productivity is a mega-trend that continues to accelerate,” said Ilya Levtov, Founder and CEO of Craft. “In today’s volatile and unpredictable macro-economic environment, the need for advanced visibility and proactive risk management across a wide range of dimensions has never been greater. The Supply Chain suite at large enterprises continues to undergo its largest wave of transformation since ERP, and the Craft team is proud to empower supply chain, procurement and risk managers every day with data, analytics and software to support their decisioning and workflows.” Craft’s revenues grew approximately 100% in 2022, with Fortune 500 enterprises and government agencies becoming new clients as well as significant contract expansions. With the new funding, Craft will deepen its go-to-market execution in key verticals and accelerate research and development to further meet and exceed the needs of the market. About Craft Craft is the enterprise intelligence company helping Fortune 500 enterprises and government agencies building resilience and uncover new opportunity. Craft’s unique data platform enables supply chain, procurement and risk managers to monitor their suppliers at scale, increasing visibility and resilience by tracking real-time signals proactively across millions of companies globally. Craft provides comprehensive company data, advanced analytics and intuitive software that delivers best-in-class intelligence, in an integrated cloud-based software. Craft is headquartered in San Francisco, with presence across North America and Europe. For more information, visit craft.co or connect with us on LinkedIn. About BAM Elevate BAM Elevate is a growth-stage investor tailor-made for startups on a trajectory to IPO. BAM Elevate is backed by the might of a sophisticated global investor with approximately $17B in assets under management and 1,300+ colleagues in 13 cities across the globe. For more information, visit http://www.bamelevate.com. Contact:

BAM Elevate Investments

85 Investments

BAM Elevate has made 85 investments. Their latest investment was in Leap Services as part of their Series C on June 6, 2023.

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BAM Elevate Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/7/2023

Series C

Leap Services

$15M

No

3

2/2/2023

Series B

Craft

$32M

Yes

4

2/1/2023

Series C - II

Treasury Prime

$40M

Yes

15

11/3/2022

Series B - II

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$99M

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10

10/25/2022

Series C - II

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$99M

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10

Date

6/7/2023

2/2/2023

2/1/2023

11/3/2022

10/25/2022

Round

Series C

Series B

Series C - II

Series B - II

Series C - II

Company

Leap Services

Craft

Treasury Prime

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Amount

$15M

$32M

$40M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

4

15

10

10

BAM Elevate Portfolio Exits

37 Portfolio Exits

BAM Elevate has 37 portfolio exits. Their latest portfolio exit was Antares Pharma on May 24, 2022.

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

5/24/2022

Acq - P2P

$99M

5

4/14/2021

IPO

$99M

Public

8

6/8/2020

Take Private

$99M

Undisclosed Investors

1

9/26/2019

IPO

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$99M

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10

5/9/2019

Acq - Fin

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$99M

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10

Date

5/24/2022

4/14/2021

6/8/2020

9/26/2019

5/9/2019

Exit

Acq - P2P

IPO

Take Private

IPO

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Undisclosed Investors

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Sources

5

8

1

10

10

BAM Elevate Fund History

1 Fund History

BAM Elevate has 1 fund, including Atlas Private Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/28/2019

Atlas Private Ventures

$30.06M

1

Closing Date

8/28/2019

Fund

Atlas Private Ventures

Fund Type

Status

Amount

$30.06M

Sources

1

BAM Elevate Team

3 Team Members

BAM Elevate has 3 team members, including current General Partner, John-Paul Van Arsdale.

Name

Work History

Title

Status

John-Paul Van Arsdale

General Partner

Current

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Name

John-Paul Van Arsdale

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Work History

Title

General Partner

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Status

Current

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