Prytek Secures $107 Million from Davidson Kempner Affiliates

Prytek Secures $107 Million from Davidson Kempner Affiliates

The proceeds will be used to further accelerate the firms growth strategy.

Prytek Holdings, a multinational technology group, announced on Tuesday that it has secured $107 million as committed investments from certain affiliates of Davidson Kempner Capital Management.

The investment came when the holding company is on a rapid growth trajectory and after some significant investments. It, earlier this month, invested $21 million into American talent acquisition solutions firm, Hirewell, and also raised stakes in an Israeli company offering financial analytics firm, TipRanks.

With the latest proceeds, Prytek will continue to accelerate its ambitious growth strategy.

Commenting on the fundraise, Prytek‘s co-founder and co-CEO, Andrey Yashunksy, said: “Our entire team, including the founders, Igor Rybakov and I, are excited to have Davidson Kempner as an investment partner in Prytek, which aims to transform the lives of millions of people around the world by building technologies that are industry-leading and cutting-edge. This new capital will help Prytek increase the value of its assets, accelerate Prytek’s global expansion, and boost our organic and M&A activities.”

Growth Acceleration

The press release shared with Finance Magnates further detailed that the investment will be used to push the growth of ThriveDX, expand the financial services division of Delta Capita, and fund other managed service operations.

Davidson Kempner, which is a global institutional investment management firm, has more than $37 billion in assets under management. It has been operating for the last 38 years and now has offices in New York, Philadelphia, London, Dublin, Hong Kong and Shenzhen.

As a part of the investment, a Davidson Kempner representative will join Pryteks board and investment committee.

“This new capital will further support organic and M&A-driven growth initiatives across several of our divisions and companies,” said Arnon Shiboleth, Pryteks co-CEO. “This is a critical step forward for our business and will position the company well for additional near-term growth opportunities and a potential public listing.”