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The Venture Codex

Harbinger Capital

450 Park Ave Fl 30, New York, NY, 10022, United States

Overview

Harbinger Capital Partners is a private investment firm specializing in event/distressed strategies. Founded in 2001 with Philip Falcone as the Chief Investment Officer, Harbinger Capital Partners seeks to invest in alpha-generating ideas that are uncorrelated to investment cycles.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • mParticle

    Participated · Seed · Oct 2014

    mParticle is a New York City–based customer data infrastructure company that enables developers, product managers, and marketers to manage data moving between sources, systems, and applications through a single API. Its platform helps enterprises solve data quality and governance challenges while synchronizing customer data in real time to more than 300 analytics and marketing endpoints. Household brands such as NBCUniversal, Airbnb, Giant Eagle, Route, Drybar, and Dave & Buster’s rely on the service, alongside hundreds of other customers. The company accelerates time-to-value by streamlining data workflows across the entire product and customer life cycle. Recent funding will fuel global go-to-market expansion and additional R&D, signaling an emphasis on both geographic and product growth. mParticle maintains additional offices in San Francisco, Seattle, Sydney, and London. The $150 million Series E raise underscores investor confidence in the firm’s ability to scale its data infrastructure offering.

  • Ligado Networks

    Participated · Equity · Jul 2011

    Ligado Networks provides next-generation connectivity that connects Industrial IoT devices across satellite and terrestrial networks. Led by CEO Doug Smith, the company aims to modernize American infrastructure and deploy Custom Private Networks for businesses. It is expanding its wireless ecosystem work to include chipset and device development and spectrum standardization. The company says it is moving into a new phase of development to enhance current services and introduce new offerings to customers. Planned services include facilitating IoT device operations across both satellite and terrestrial networks and providing spectrum partnerships to mobile operators. Recent funding will support operationalizing Ligado’s vision and the expansion of its product and ecosystem work. LightSquared is developing a wholesale-only, net-neutral 4G-LTE network that combines with satellite to provide nationwide broadband wireless access. The company has disclosed plans to commit $15 billion to build a wholesale wireless service using 40,000 base stations. LightSquared raised $265 million in new funding, sourced from both existing and new investors, although it declined to name the new backers. Current investors named in the release include Spectrum Assets and Harbinger Capital Partners, and the company has raised over $2.3 billion in the past 12 months. The company says it will use the new funding for general corporate purposes, including constructing its 4G-LTE wholesale network. LightSquared's plans have drawn regulatory scrutiny over potential GPS interference and the FCC is reviewing those concerns; the company says it plans to resolve any interference issues.

  • Coda Automotive

    Participated · Equity · Jan 2011

    CODA Holdings develops and plans to sell all-electric sedans in the U.S. and also manufactures power storage systems for transportation and utilities via a joint venture with Chinese Lishen Power Battery called LIO Energy Systems. The company raised another $76 million in the reported round, bringing its total equity funding to about $200 million. CODA has said it hopes to open a battery and power-storage manufacturing facility in Ohio, though construction is contingent on approval and receipt of a DOE Advanced Technology Vehicles Manufacturing (ATVM) loan. The company won a commitment from Enterprise to purchase 100 vehicles in 2011 and to provide courtesy loaner transportation for early customers. CODA’s executives have stated a goal to go public. The company faces stiff competition from established automakers and other EV makers, including Nissan’s Leaf and Tesla’s planned Model S. CODA Automotive designs and manufactures lithium-ion battery systems and an all-electric sedan. The company is commercializing battery-system production through Lio Energy Systems, a joint venture with Lishen Power Battery. CODA plans to use new funds to support market entry of its all-electric sedan and to scale transportation and utility battery applications. The company will establish a Singapore office to serve as the design and engineering center for right-hand drive markets in Europe and Asia. CODA is also investing in R&D for vehicle-to-grid technology to allow EVs to communicate with the power grid. With this round, CODA has raised more than $125m to date. CODA Automotive is an all-electric car and transportation battery company based in Santa Monica, California. Its core product is an affordable, all-electric sedan and associated battery systems produced via a joint venture battery manufacturing facility. The company plans a California market entry in 2010 and is using new capital to support that launch. CODA announced a first close of a Series C preferred round totaling $25m, with proceeds earmarked for final safety certification testing and to scale up battery production at the JV facility. To date the company has raised $74m. Leadership highlighted that the investment positions CODA to deliver its first all-electric sedan to U.S. consumers in 2010.

Team

No current team members are available.