special purpose vehicles

OpenAI warns investors against “unauthorized opportunities” to gain exposure to its equity, including through special purpose vehicles

Anthony Ha / TechCrunch :

A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen

- SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.

Sources: Klarna co-founder Victor Jacobsson, who left in 2012 and owns ~4% directly, may have an 8%+ stake via special purpose vehicles ahead of an expected IPO

Financial Times :

Sources: Klarna co-founder Victor Jacobsson, who left in 2012 and owns ~4% directly, may have an 8%+ stake via special purpose vehicles ahead of an expected IPO

Jacobsson used right of first refusal to buy Klarna stock and used veto rights to exercise influence despite leaving in 2012

Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021

Venture capital fund Target Global managed tens of millions of dollars for Roman Abramovich and helped the now-sanctioned oligarch build … X: @hkanji , @_iainmartin , @_iainmartin , @giacomotognini , ...

Berlin-based Enway, which is developing autonomous street-sweeping machines and other special purpose vehicles, raises €6M in seed funding led by Redalpine