Azuremount WH, a Hong Kong-based personal equity (PE) company led by ex-EQT executives, has actually made a tactical co-control financial investment in the Chinese AI software application designer ATOM Intelligence.
The monetary information, such as the deal size and ATOM’s appraisal in the financing round, were concealed, however Azuremount WH’s co-founder Martin Mok informed DealStreetAsia that his company normally targets “a lower mid-market stake of over 25%”, which holds true for the financial investment in ATOM.
Azuremount WH obtained the stake from ATOM’s CEO Johnny Wang and COO Leon Yuan through a financial investment lorry, Wealth Harbour Azuremount I Limited Partnership Fund. Upon the conclusion of the deal, the 2 co-founders will stay the bulk investors of ATOM and continue to lead the business.
Azuremount WH finished the deal on April 26.
Developed in 2015, Shanghai-based ATOM leverages expert system (AI) and information science innovations to make it possible for companies throughout the high-end retail, food & & drink(F&B), catering, and hospitality sectors to automate daily operations, perform accuracy marketing, and optimise consumer interaction and suggest techniques.
ATOM counts business like Starbucks, Louis Vuitton, Adidas, Walmart, Sephora, McKinsey & & Co, and Boston Consulting Group (BCG) amongst its customers, according to its site.
Following the financial investment, Azuremount WH prepares to assist ATOM improve business governance, draw in leading skill, kind global joint endeavors (JVs), make tactical acquisitions, and check out brand-new development chances.