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FLYWIRE CORPORATION

(FLYW)
  Report
Delayed Nasdaq  -  03:47 2022-10-04 pm EDT
25.64 USD   +6.46%
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Balderton appoints Elodie Broad as firm's first Head of Impact and Sustainable Future Goals

08/10/2022 | 04:19am EDT

*As Balderton's first dedicated position focused solely on impact and the firm's Sustainable Future Goals (SFGs) approach, Elodie will have a critical role in driving forward Balderton's impact and sustainability strategy

*Appointment underlines Balderton's commitment to delivering on its SFGs while continually improving its approach and ambition, and sharing all insights and learnings with its 100+ active portfolio companies

*Elodie joins from Deloitte where she gained extensive experience working with large corporates on defining their sustainability approach to leverage their core business model for good

London, UK - Balderton Capital has welcomed Elodie Broad, an experienced leader in corporate sustainability and sustainable finance, as its first Head of Impact and Sustainable Future Goals (SFGs).

The appointment follows the publication of Balderton's inaugural SFG report in December 2021. The report introduced Balderton's ten SFGs - which were modelled on and inspired by the UN SDGs - to capture the firm's imperatives and ambitions across a range of sustainability-related topics including climate change, gender equality, and economic integration. The report provided an initial OKRs (Objectives & Key Results) assessment along Balderton's three impact axes: its internal operations, its investment decision making, and the Balderton portfolio. Elodie's role will see her lead this work and hold Balderton accountable to the values underpinning the SFGs, while continually challenging and improving Balderton's sustainability ambitions and impact. She will also share best practices with the 100+ active companies within Balderton's portfolio, and will be responsible for monitoring the sustainability and impact investing landscape and factoring in both new market developments and technological innovation to shape and evolve Balderton's SFGs approach.

Elodie joins Balderton from Deloitte's Sustainable Finance team where she oversaw ESG strategy, transformation and regulatory readiness in the investment management sector with a particular focus on private equity. She has extensive experience working with corporates, both small and large, on defining their sustainability approach to leverage their core business model for good.

Bernard Liautaud, Managing Partner at Balderton, said: "We're delighted to appoint Elodie as Balderton's first Head of Impact and SFGs. We've been impressed by Elodie's work exploring the role of financial systems in enabling, incentivising and accelerating the transition to a more sustainable economic model. With Elodie at the helm, we're looking forward to continually improving and delivering on our Sustainable Future Goals, and sharing everything we learn with our portfolio companies."

Having always worked at the intersection of strategy and innovation, sustainability and sustainable finance, Elodie has a passion for helping businesses and investors understand their sustainability risks and opportunities and factoring these into their strategy. Elodie's move to Australia in January 2019 strengthened her commitment as she saw the devastating effects of climate change first-hand during the bushfire crisis. She played an instrumental role in setting up Deloitte Australia's Bushfire Response and Climate Action programme, with the goal of setting an exemplary approach to reducing the firm's own carbon footprint and encouraging and supporting other corporates on their climate approach.

Elodie said: "I've long been passionate about the role of investors and corporates in taking accountability for their impact and driving a more sustainable future. Not only because it's the right thing to do, but because it makes business sense. I feel particularly inspired by the role and impact potential of private capital; venture capital has a huge part to play in ensuring that the businesses of tomorrow are built on sustainable foundations. I'm really excited about joining Balderton and look forward to applying my commitment and expertise to help take the fund's sustainability commitment and ambition to the next level, working alongside the investment teams and portfolio companies."

[ENDS]

Contact: India Phillips | iphillips@balderton.com

About Balderton Capital

Balderton Capital is a leading venture firm focused on backing the best European-founded technology companies. In the two decades since its founding, Balderton has worked with hundreds of extraordinary founders and raised $4.5bn across ten funds to support businesses at both early and growth stage. Previous investments include Depop (Etsy), Digital Surgery (Medtronic), Frontier Car Group (OLX Group), Flywire (NASDAQ: FLYW), Nutmeg (JPMorgan Chase), Peakon (Workday), Recorded Future (Insight Partners), Sunrise (Microsoft), Talend (NASDAQ: TLND) and Yoox Net-a-Porter (BIT: YNAP). Balderton's current portfolio includes: Aircall, Beauty Pie, Carwow, Citymapper, Contentful, ComplyAdvantage, Darktrace (LSE: DARK), Dream Games, GoCardless, Graphcore, Healx, Infarm, Kobalt Music, Labster, Lendable, Prodigy Finance, Revolut, Sophia Genetics (NASDAQ:SOPH), Tessian, THG (LSE: THG), VanMoof, Vestiaire Collective and Zego.

Source: RealWire

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
DARKTRACE PLC 2.97% 311.6 Delayed Quote.-27.99%
FLYWIRE CORPORATION 6.37% 25.635 Delayed Quote.-36.73%
SOPHIA GENETICS SA 4.20% 2.74 Delayed Quote.-81.42%
THG PLC 8.59% 39.71 Delayed Quote.-84.04%
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Financials (USD)
Sales 2022 268 M - -
Net income 2022 -36,5 M - -
Net cash 2022 304 M - -
P/E ratio 2022 -71,8x
Yield 2022 -
Capitalization 2 607 M 2 607 M -
EV / Sales 2022 8,60x
EV / Sales 2023 6,55x
Nbr of Employees 665
Free-Float 90,5%
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Mean consensus BUY
Number of Analysts 12
Last Close Price 24,08 $
Average target price 32,27 $
Spread / Average Target 34,0%
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Managers and Directors
Michael Massaro Chief Executive Officer & Director
Robert S. Orgel President & Chief Operating Officer
Michael G. Ellis Chief Financial Officer
Phillip John Riese Chairman
David King Chief Technology Officer
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