List of 35 Unfunded E-Commerce Investors

Investor	PE Assets $mlns	Portfolio		M&A Activity Buy vs Sell, Last 5 Years
Investor	PE Assets $mlns	Total	Current	M&A Activity Buy vs Sell, Last 5 Years
Regent Beverly Hills, California, United States Private Equity Firm • 2013 • website See all 3	-	21	19
Modella Capital London, United Kingdom Private Equity Firm • website	-	1	1
Avance New York, New York, United States Private Equity Firm • 2020 • website See all 12	-	6	6
Bain Capital Tech Opportunities Boston, Massachusetts, United States Growth Capital Firm • website See all 16	-	19	17
Brand Velocity Group New York, New York, United States Private Equity Firm • 2019 • website See all 1	-	6	6
Digital Fuel Capital Newton, Massachusetts, United States Private Equity Firm • 2015 • website See all 4	-	18	12
Harald Quandt Industriebeteiligungen Bad Homburg, Germany Private Equity Firm • 2018 • website See all 6	-	9	8
Burlington Capital Partners Chicago, Illinois, United States Private Equity Firm • website See all 2	-	2	2
Ascend Capital Partners Beijing, China Merchant Bank • 1999 • website See all 2	-	20	11
Cornerstone Industrial Group Chagrin Falls, Ohio, United States Private Equity Firm • 1998 • website See all 1	-	6	2
Next Sparc Growth Partners Chagrin Falls, Ohio, United States Growth Capital Firm • 2009 • website See all 4	-	17	14
Bridge Investments Chicago, Illinois, United States Growth Capital Firm • 1998 • website See all 6	-	43	35
Nexus Capital Management Los Angeles, California, United States Private Equity Firm • 2013 • website See all 5	-	12	12
Suma Capital Barcelona, Spain Private Equity Firm • 2007 • website See all 19	-	20	12
AHR Growth Partners Chicago, Illinois, United States Merchant Bank • website See all 3	-	6	3
Talis Capital London, United Kingdom Growth Capital Firm • 2009 • website See all 3	-	55	41

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