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Private Equity
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Investments

8

Portfolio Exits

1

Funds

1

About Affirma

Affirma is the former private equity and venture capital arm of Standard Chartered, specializing in mid to late stage companies and middle market companies. It invests in balance sheet restructuring, expansion and growth capital, acquisitions or management buyouts, and mezzanine. It does not invest in early state companies.

Affirma Headquarter Location

6 Battery Road

049909,

Singapore

65-6228-3455

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Latest Affirma News

Tech firm Affirma to open Bentonville office

Aug 26, 2021

Tech firm Affirma to open Bentonville office Affirma, a Bellevue, Wash.-based technology services company, plans to open a 3,581-square-foot office in Bentonville by Sept. 1. It has about 2,300 square feet of office space in Fayetteville. According to a news release, the new office at 1803 Phyllis St. will accommodate growth, provide employees with a workplace closer to where they live and create more jobs for University of Arkansas graduates. Mark Mason, a co-founder of Affirma, said the area office space should accommodate at least 100 employees. The company has about 65 area employees. Affirma opened its first Northwest Arkansas office in Fayetteville two years ago. The release shows that since then, it’s grown as a result of “high-quality customer service and strong dedication” to employee growth and well-being. “We are very excited about our growth in Northwest Arkansas,” Mason said. “In just two years, we have gone from zero to 65 employees and expect to see this growth trajectory continue. All our divisions and service centers are hiring in NWA to service our Fortune 100 clients. We see rapid growth in the demand for our industry-leading technology and digital experience services. We currently do not count any of NWA’s largest companies as clients but are hoping to change that as we become better known in the community.” In 2019, the company committed to reaching 100 technology jobs in Northwest Arkansas in five years. Mason said he expects to reach the goal by the end of 2022, or about 18 months early. Also, in 2019, Affirma developed a partnership with the College of Engineering at the UA to offer internships to students. Recently, the association was expanded to include the Sam M. Walton College of Business at the UA and increase internship offerings in sales, content writing and accounting. The company also has collaborated with the Arkansas Center for Data Sciences to provide apprenticeships in SharePoint, NetSuite and Salesforce. Mason said another goal is for its Northwest Arkansas employees to deliver all its services. The company has about 20-30 service offerings, and area employees can provide about half. Affirma has more than 700 employees worldwide. Facebook Comments

Affirma Investments

8 Investments

Affirma has made 8 investments. Their latest investment was in Northern Arc Capital as part of their Private Equity - III on March 3, 2019.

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Affirma Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/26/2019

Private Equity - III

Northern Arc Capital

$130M

No

3

9/14/2017

Series C - III

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$99M

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10

12/20/2016

Private Equity - II

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$99M

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10

11/22/2016

Private Equity

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$99M

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10

7/5/2016

Private Equity

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$99M

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10

Date

3/26/2019

9/14/2017

12/20/2016

11/22/2016

7/5/2016

Round

Private Equity - III

Series C - III

Private Equity - II

Private Equity

Private Equity

Company

Northern Arc Capital

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Amount

$130M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

3

10

10

10

10

Affirma Portfolio Exits

1 Portfolio Exit

Affirma has 1 portfolio exit. Their latest portfolio exit was Paxata on December 12, 2019.

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

12/12/2019

Acquired

2

Date

12/12/2019

Exit

Acquired

Companies

Valuation

Acquirer

Sources

2

Affirma Acquisitions

6 Acquisitions

Affirma acquired 6 companies. Their latest acquisition was Hwa Sung Cosmetics on May 29, 2019.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

5/29/2019

Acq - Fin

1

11/27/2018

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$99M

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10

7/18/2018

Corporate Majority

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$99M

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10

7/11/2018

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$991

$99M

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10

12/20/2017

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$99M

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10

Date

5/29/2019

11/27/2018

7/18/2018

7/11/2018

12/20/2017

Investment Stage

Corporate Majority

Companies

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Valuation

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

10

10

Affirma Fund History

1 Fund History

Affirma has 1 fund, including Ascenta V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Ascenta V

$403M

1

Closing Date

Fund

Ascenta V

Fund Type

Status

Amount

$403M

Sources

1

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