This site uses cookies to ensure the best viewing experience for our readers.
Apollo investing $475 million in Liquidity Capital at $800 million valuation

Exclusive

Apollo investing $475 million in Liquidity Capital at $800 million valuation

Liquidity, which provides growth capital to funds and companies, has seen its valuation surge eight-fold in 18 months

Golan Hazani | 11:30  05.04.2022

Investment behemoth Apollo Global Management is investing in Tel Aviv-based venture fund Liquidity Capital. Apollo is set to invest $475 million in Liquidity at a company valuation of $800 million, an eight-fold increase from 18 months ago. This comes on the back of Liquidity’s 600% growth last year. Most of the funds will be provided as debt, with Apollo having the option to convert $50 million into shares.

The last time Liquidity raised funds in October 2020 it did so at a valuation of $100 million, with American venture capital fund Spark Capital and MUFG Innovation Partners Co. Ltd. (MUIP) investing $20 million in the subsidiary of Meitiv Dash in return for a 20% stake. MUFG is expected to also invest an additional $300 million in the current funding round. Meitav Dash currently holds 32% of Liquidity, with Spark Capital owning a 15% stake, MUFG to have a 12% holding following the deal, and Apollo to own 3% of the shares.

Ron Daniel Ron Daniel Ron Daniel

Founded in 2017, Tel-Aviv-based Liquidity Capital is a provider of unlimited unsecured, non-recourse, no dilution growth capital. The company was founded by Ron Daniel, who also serves as the CEO.

Related articles:


Yoav Etzyon and Efrat Shpizaizen of Amit, Pollak, Matalon & Co. law firm represented Liquidity in the deal. Apollo was represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP, as well as Yoram Raved and Maya Koubi Baranes of the Shibolet law firm.

share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS