Investment Summary

General Atlantic Invests In Allonnia

On October 22, 2020, growth capital firm General Atlantic invested in environmental company Allonnia

Investment Highlights
  • This is General Atlantic’s 2nd transaction in the Environmental sector.
  • This is General Atlantic’s 117th transaction in the United States.
  • This is General Atlantic’s 10th transaction in Massachusetts.

Investment Summary
Date 2020-10-22
Target Allonnia
Sector Environmental
Investor(s) General Atlantic
Deal Type Venture

Target

Allonnia

Boston, Massachusetts, United States
Allonnia leverages advanced technologies and biology to engineer breakthrough systems to develop and commercialize new waste remediation and management solutions. The company will tackle some of the planet’s most pressing waste pollution challenges, including industrial wastewater treatment, soil remediation, and solid waste management and upcycling. Allonnia is based in Boston, Massaachusetts.

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Investor(S) 1

Investor

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 257 of 343
Sector (Environmental) 2 of 3
Type (Venture) 58 of 99
State (Massachusetts) 10 of 17
Country (United States) 117 of 163
Year (2020) 23 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Opendoor

San Francisco, California, United States

Opendoor is an online real estate marketplace that radically simplifies home buying and selling. The company currently operates in ten cities, including Atlanta, Charlotte, Dallas-Fort Worth, Las Vegas, Nashville, Orlando, Phoenix, Raleigh-Durham, Tampa and San Antonio. Opendoor was founded in 2014 and is based in San Francisco, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 Synaptive Medical

Toronto, Ontario, Canada

Synaptive Medical is a medical technology company that develops integrated solutions that combine informatics, imaging, surgical planning, navigation, and advanced optics, to solve challenges both in and beyond the operating room through deep collaboration with surgeons and hospitals. Synaptive Medical was founded in 2012 and is based in Toronto, Ontario.

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