The company Bellabeat, a global company that operates from Zagreb through two Croatian subsidiaries, and in which the leading co-founder and CEO is Sandro Mur from Croatia, is nearing the end of the third round of recapitalization, the statement said.
The financing arranger is the second-largest American, and the third-largest investment bank in the world, Bank of America. The process of investing fresh capital for the further development and growth of Bellabeat began in April and should be completed by the end of January this year.
Bank of America is an investment bank that finds promising companies for its clients to invest in, so Bank of America is a mediator, financing arranger, gathers investors, and leads the investment, and we get investors from America and Europe to whom we sell ownership stakes. Bellabeat is financed by selling equity stakes, thus increasing our market value. The fresh capital thus obtained is invested in development and growth, after which we achieve greater market valuation. So far, we have raised a total of $ 100 million in capital investment from 28 investors. He would also emphasize that the investment of Bank of America closes the biggest round of recapitalization so far – says Sandro Moore.
We are enthusiastic about working with Bellabeat, with whom we share the same goals and values. The team of high-ranking Bank of America experts is dedicated to Bellabeat as the company has high-value technology and experience in the field of health and wellness, thanks to which Bellabeat achieves superior market valuation. The business profile and prominent position in the sector make investing in Bellabeat attractive to a wide range of Bank of America clients, in a wide range of investment strategies and geographical areas, said Stephen Bloom, CEO of Bank of America Merrill Lynch.
New capital raised before the IPO (pre-IPO) Bellabeat will invest in the development of new versions of its core technologies, obtaining permits for their use in health care facilities, opening a chain of new stores, one of which in Zagreb, in the development of corporate wellness programs, acquisition of companies with which to expand and complete its range, construction of its own wellness campus and other projects.