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Asset/Investment Management
bmyg.com.au

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Investments

3

Funds

2

About BMY Group

BMY Group is a Melbourne-based wealth management firm and consultancy group

BMY Group Headquarter Location

42-348 Flinders Street

Melbourne, Victoria, 0,

Australia

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Latest BMY Group News

BMY Group snaps up Klarna shares in secondary sale

Aug 10, 2021

Share Thanks to Square’s $39 billion bid for Afterpay, there are few markets as hot as the buy now pay later space, but one Melbourne investment group bought in just in the nick of time. Shortly before the largest deal in local M&A history, it’s understood that corporate advisory and wealth management firm BMY Group snapped up a $15 million parcel of shares in Swedish BNPL giant Klarna, via a secondary share sale. The Melbourne wealth manager has bought up shares in Klarna in a secondary sale. With comparable stocks such as Zip and Sezzle trading up 20 per cent and 14 per cent respectively in the aftermath of the deal, it’s not a stretch to expect Klarna’s value to also be given a significant boost. The second highest valued private fintech in the world, Klarna a $US46 billion valuation in June when it raised $US639 million in a round led by SoftBank - a $US7 billion increase on its valuation achieved just three months earlier. Its share register is dominated by its founders Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson, as well as the likes of Sequoia Capital, General Atlantic, DST Global, Dragoneer, Institutional Venture Partners, Jupiter Asset Management, SoftBank, PE firm Silver Lake and Australia’s Commonwealth Bank (which owned 5 per cent as of January). Advertisement

BMY Group Investments

3 Investments

BMY Group has made 3 investments. Their latest investment was in Rich Data Corporation as part of their Series A on June 6, 2021.

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BMY Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/8/2021

Series A

Rich Data Corporation

$11.59M

Yes

Undisclosed Investors

6

10/23/2017

Series B

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$99M

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10

10/17/2017

Corporate Minority

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$99M

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10

Date

6/8/2021

10/23/2017

10/17/2017

Round

Series A

Series B

Corporate Minority

Company

Rich Data Corporation

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Amount

$11.59M

$99M

$99M

New?

Yes

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Co-Investors

Undisclosed Investors

Sources

6

10

10

BMY Group Fund History

2 Fund Histories

BMY Group has 2 funds, including BMY Group Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/14/2016

BMY Group Fund I

Multi-Stage Venture Capital

$7.4M

1

BMY Venture Capital Fund II

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$99M

10

Closing Date

12/14/2016

Fund

BMY Group Fund I

BMY Venture Capital Fund II

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$7.4M

$99M

Sources

1

10

BMY Group Team

2 Team Members

BMY Group has 2 team members, including current Managing Director, Eric Gao.

Name

Work History

Title

Status

Julius Wei

Founder

Current

Eric Gao

Managing Director

Current

Name

Julius Wei

Eric Gao

Work History

Title

Founder

Managing Director

Status

Current

Current

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