Global Millennial Capital (GMCL) – a venture capital fund that utilizes a data-driven research approach for identifying investment white spaces in the global technology sector and reducing investment bias – announced the close of its first fund as part of an oversubscribed $20 million private placement round. Anchored by family offices within the Gulf region with participation from international investors, the fund will invest in technology businesses that are exponentially scalable, IP-focused, and led by extraordinary entrepreneurial talent.
GMCL was launched in 2021, amid the global COVID-19 pandemic, to invest in technology businesses with unique access to leading academic institutions, incubators, accelerators, and corporate venture capital firms. And the firm utilizes a research-driven model to augment its deal-origination capability and to automate the initial assessment of startup features, which is GMCL’s unique value proposition.
The emerging venture capital investor brings a lucrative but contrarian approach to identifying global themes and investment trends in the technology sector. GMCL has invested in a portfolio of 15 early-growth technology companies operating in disruptive sectors like decentralized finance, blockchain technologies, software, and fintech, which embody the prospect of design thinking and innovation in digital economies. At completion, GMCL will have invested in around thirty-five companies with access to unlimited capital for follow-ons.
The senior members of the management team previously invested and exited funds with similar strategies and realized paths to exit over a realistic timeframe. And the Advisory Board of the fund comprises industry leaders with over one hundred years of combined investment experience, bringing solid credentials in strategic advisory and private equity funds exceeding $1 billion of assets under management.
Andreea Danila (General Partner and Member of the Investment Committee) has an impressive track record of executing various fund management mandates, spanning venture capital, mezzanine, credit, and private equity. And Danila has previously invested in fifty early-growth technology companies and advised on more than twenty mid-market transactions in the technology and consumer sectors.
