Monica Rivera Beam and Lila Preston see portfolio companies file to go public

From our Women's PE Briefs - week commencing August 30, 2021

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Alexandria Venture Investments’ Monica Rivera Beam is an observer on the board of a company that has filed to go public

Alexandria Venture InvestmentsMonica Rivera Beam is an observer on the board of a company that has filed to go public. DiCE Molecules is seeking to raise $100 million and list on Nasdaq under the symbol DICE.

Based in South San Francisco, Calif., DiCE is developing small molecule therapies for chronic immunologic diseases. Its board includes Sharon Tetlow, who is a managing partner of Potrero Hill Advisors. RA Capital Management is the largest shareholder with a 15.1 percent pre-IPO stake. Northpond Ventures owns 12.1 percent and Sands Capital has 9.3 percent. Alexandria Venture’s holdings were not disclosed.

Monica, a senior vice president of science and technology with Alexandria, is on the board of BlueLight Therapeutics and an observer on the boards of TRex Bio and Immusoft Corp.

A portfolio company of Generation Investment Management’s Lila Preston files to go public

A portfolio company of Generation Investment Management’s Lila Preston files to go public. Toast, a restaurant management platform, is seeking to raise $100 million and list on the New York Stock Exchange under the symbol TOST. Based in Boston, it reported a loss of $235 million on revenue of $704 million for the first half of 2021. It has raised around $900 million in funding. Tiger Global holds a 12.8 percent pre-IPO stake. Bessemer Venture Partners has 12.5 percent, T. Rowe Price 6 percent and TCV 5.5 percent. Generation Investment’s stake was not disclosed.

Lila has served as an observer on the company’s board since 2017. She is also on the board of Nature’s Fynd and an observer on the boards of CiBO Technologies and Optoro. Lila, who has been with Generation since 2004, heads its growth equity strategy and is a past speaker at the Women’s Private Equity Summit.

Beth Gerstein’s Brilliant Earth files to go public

Brilliant Earth Group, a digital-first retailer of ethically sourced fine jewelry whose co-founder and CEO is Beth Gerstein, files to go public. The San Francisco company is seeking to raise $100 million and list on Nasdaq under the symbol BRLT.

Founded in 2005, Brilliant Earth sells a collection of premium-quality diamond engagement and wedding rings, gemstone rings and fine jewelry. It generated $323 million in sales for the 12 months ended June 30. In addition to Beth, Brilliant Earth’s board includes Jennifer Harris, who previously was chief financial officer of Q2 Holdings, Inc.; Attica Alexis Jaques, who is head of global brand consumer marketing at Google; and Beth J. Kaplan, who is the former president and chief operating officer of Rent the Runway.

Kim Schaefer is CEO of a SPAC that has gone public

Kim Schaefer is CEO of a special purpose acquisition company that has gone public. Alpine Acquisition Corp. raised $100 million by pricing 10 million units at $10 each. It is listed on Nasdaq under the symbol REVEU. The SPAC intends to combine with Two Bit Circus, an experiential entertainment company of which Kim is CEO. However, Alpine Acquisition will also look target other companies in the hotel, digital entertainment and gaming and lodging technology sectors.

Prior to Two Bit Circus, Kim served as CEO of Great Wolf Resorts, Inc. The SPAC’s board also includes Alissa Nikki Nolan, who is principal of Nolan Consulting Services.

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