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Corporate investment group Prytek raises $107m

Corporate investment group Prytek has secured a $107m (£80.5m) in committed investment from affiliates of alternative investment management firm Davidson Kempner Capital Management LP. 

As part of the deal, a representative from Davidson Kempner Capital Management will join Prytek’s board of directors and investment committee. The investment will be used to expand the financial services division “anchored” by London-based Delta Capita, along with other managed services within the group. 

Prytek builds value supply chains within an industry group. Each company in this group gets to add a new entrepreneur and complementary solutions into the ecosystem. Fintech, cyber and digital transformation training, HR-tech and cybersecurity are some of the sectors the company focuses upon. 

It also invests in startups for a “medium-term hold”. 

Prytek said the fresh raise will be used to fund its growth strategy. It aims to accelerate the growth of ThriveDX, which is a Cyber and IT education platform.

Andrey Yashunsky, Prytek’s co-chief executive officer and co-founder, said: “This new capital will help Prytek increase the value of its assets, accelerate Prytek’s global expansion, and boost our organic and M&A activities.”

Prytek was founded back in 2017 by Igor Rybakov and Andrey Yashunsky, with Yair Seroussi chairing the company. It has invested over £263.3m in companies and technologies globally. Prytek also invests in numerous technology startups with a target of a medium-term hold period, alongside building and management of operational divisions.

The post Corporate investment group Prytek raises $107m appeared first on UKTN (UK Tech News).

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