Vista Point Advisors is pleased to announce the investment in GolfLogix by Emigrant Capital and the investment in GoGoVan by Renren.
GolfLogix, the pioneer in Golf GPS, is the creator of the widely successful and #1 worldwide golf app. GolfLogix has built a robust technology suite to provide golfers with best-of-breed golf course GPS maps available for 34,000+ courses (accounting for 95%+ of courses worldwide). During the peak golf season, the GolfLogix app is the #1 app for iOS in the overall sports category, outranking ESPN and other major sports franchises and networks. GolfLogix app users are highly loyal and engaged, and are monetized through subscriptions and in-app purchases.
About Emigrant Capital:
Emigrant Capital is the private equity division of Emigrant Savings Bank, the nation’s largest family-owned bank. Emigrant Capital provides long-term capital to established businesses that can benefit from its financial, operational and strategic resources. Emigrant Capital’s current portfolio consists of over 15 investments. Emigrant Capital makes majority and minority investments and works closely with management to build value together.
GoGoVan is a rapidly expanding delivery-van reservation and renting service app that makes last-mile deliveries easier for users throughout Asian markets. Founded in late 2013, the Hong Kong based startup has already captured greater than 50% of the independent logistics providers market there. GoGoVan has also worked with corporate clients including Kerry Logistics, SF Express, and DHL and its model allows for the expanison into major metropolitan cities where there are last-mile logistical requirements.
Renren operates a social networking Internet platform in the People’s Republic of China. The company operates renren.com, a social networking Website that enables its users to communicate and stay connected with their friends, classmates, family members, and co-workers. As of November 2014, Renren.com had approximately 219 million activated users with 43 million unique log-in users.
About Vista Point Advisors:
Vista Point Advisors is a boutique investment bank that focuses on advising middle-market companies in the Software, Internet, Mobile, Digital Media, and Healthcare industries. Our strategy is to partner with growing and profitable businesses that are interested in understanding their options in the marketplace. We focus exclusively on sell-side M&A and capital raising transactions.