Prytek Secures $107M In Growth Funding

Prytek

Prytek Holdings Pte. Ltd., a London, UK-based multinational technology corporation with a focus on building technologies and delivering managed services, secured a $107m committed investment from certain affiliates of Davidson Kempner Capital Management LP. 

A representative of Davidson Kempner will join Prytekā€™s Board of Directors and Investment Committee.

With this latest capital raise, the company will continue to accelerate the growth of ThriveDX, a Cyber and IT education platform, expand the financial services division anchored by Delta Capita and fund other managed service operations in the Group.

Founded in 2017 by Igor Rybakov and Andrey Yashunsky and chaired by Yair Seroussi, Prytek buildsĀ vertical integrated supply-chain-solutionsĀ for universities and financial institutions, and by that, creates impact across industries. It is a ā€œCorporate Investment Groupā€, an innovative investment asset class combining

(i) the building and management of operational divisions with a long-term goal of building legacy assets, alongside

(ii) investing in a large number of high-growth technology startups targeted for a medium-term hold period.

Its operational divisions build managed services and ā€œinfrastructure-&-operation-as-a-serviceā€ solutions that are powered by the software of the technology startups. 

Prytek has grown into a multinational technology group with a focus on building and investing in technologies and delivering managed services in the Financial Services, Cyber & Tech Education, and HR sectors. Prytek has invested over $350 million in companies and technologies globally, services more than 250 clients and maintains offices in eight locations worldwide.

FinSMEs

30/11/2021