McLaren Group Acquisition, Valuation, Funding & Investors

Suning Sports is the sports arm of Chinese retail and property conglomerate Suning Holdings Group, headquartered in Nanjing, Jiangsu, and incorporated as Jiangsu Suning Sports Industry Co., a joint venture of Suning Holdings, which owned 90% at the end of 2016, and Suning Appliance Group. It built a business spanning sports media, over-the-top streaming, sports retail and youth training. Its digital platform PP Sports bought Chinese broadcast rights to major football competitions, including the Premier League, La Liga, Serie A, Ligue 1, the Chinese Super League and, from 2018-19, exclusive television and online rights to the Bundesliga for five seasons, along with AFC competitions and WWE, earning revenue from subscriptions and advertising. It opened its first flagship fan store in Nanjing in 2017, planning 152 stores by 2020, and developed grassroots training programmes. Through its Hong Kong subsidiary Suning Sports International, it sits above Great Horizon, the vehicle through which Suning bought a majority stake in Inter Milan in 2016, and the group also owned Chinese Super League club Jiangsu Suning. In July 2018 Suning Sports raised a $600 million Series A led by Goldman Sachs and Alibaba, with Evergrande, Yunfeng Capital, SenseTime, CCB International and others, valuing it at about $2.6 billion. Under financial strain, Suning halted operations at its Chinese football clubs, including champions Jiangsu, in February 2021.

Lucid Software is a visual collaboration suite headquartered in South Jordan, Utah, founded in 2010. Lucidchart enables intelligent diagramming for flowcharts, org charts, and process maps used by teams at Google, GE, and 99 percent of Fortune 500 companies across 180 countries. Lucidspark facilitates virtual whiteboarding for ideation and brainstorming. Partnerships with Google Workspace, Atlassian, Microsoft, Salesforce, and Amazon Web Services integrate the tools into enterprise workflows. The platform supports over 30 million users worldwide.

Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

Framer is a no-code website builder empowering designers to create responsive sites via visual canvas editing. Features encompass animations, CMS collections, SEO tools, and e-commerce through Frameshop integration. San Francisco-headquartered since evolving from prototyping software in 2013, it hosts a marketplace of 5,000 templates and plugins syncing with Notion and Airtable for agencies building portfolios and landing pages.

Webflow is a San Francisco-headquartered visual development platform, CMS, and hosting service for creating responsive websites without coding. Designers use its drag-and-drop interface to build production-ready sites that generate semantic HTML, CSS, and JavaScript. Webflow supports e-commerce via integrations with Shopify and enables animations, interactions, and custom code exports. The platform powers sites for freelancers, agencies, and brands including Dell and Zendesk through its cloud hosting infrastructure.

Lightricks is a privately held creative-technology company founded in 2013 and headquartered in Jerusalem, Israel. It develops artificial-intelligence models and software for generating and editing images and video. Its products include the Facetune, Photoleap and Videoleap consumer applications, the LTX Studio visual-storytelling platform and the LTX family of generative-video models. The company also serves brands and agencies through creator-marketing capabilities acquired with Popular Pays. Consumers pay recurring subscriptions for mobile creative tools, while business customers use software, application programming interfaces and campaign services to produce and distribute visual content. Lightricks combines internal machine-learning research with product development for creators, studios and enterprise marketing teams. It has expanded internationally while retaining major research and operating functions in Jerusalem. Investors include Qumra Capital, Insight Partners, Goldman Sachs Growth Equity, Hanaco Venture Capital and Viola Ventures.

PDF Solutions Inc provides products and services designed to empower organizations across the semiconductor and electronics ecosystem to connect, collect, manage, and analyze data about design, equipment, manufacturing, and test to improve the yield and quality of their products and operational efficiency. The Company's products, services, and solutions include proprietary software, physical intellectual property (IP) for integrated circuit (IC) designs, electrical measurement hardware tools, methodologies, and professional services.

Picsart is the largest all-in-one digital creation platform for photo and video editing. Miami-headquartered with offices worldwide, Picsart provides AI tools for design, drawing, and content sharing via mobile apps and web interfaces. The platform maintains an extensive open-source library of stickers, templates, backgrounds, and effects. Businesses access image processing through APIs and SDKs for marketing and content production. Picsart serves consumers, creators, and enterprises across personal and professional workflows.

Rendering Technology, which operates under the Lumverse brand, is a Beijing-based developer of 3D graphics rendering technology for mobile games, digital twins, virtual humans, and metaverse applications. Its tools cover material rendering, global illumination, and ray tracing, and its technology partners include Xiaomi, OPPO, and Huawei.

Teamworks is an American sports software company headquartered in Durham, North Carolina, that sells an enterprise platform it calls the Operating System for Sports. Its applications cover communication and scheduling, recruiting and player personnel evaluation, compliance, nutrition, strength and conditioning, athlete wellness, game strategy and video, combining SaaS workflows with proprietary data and AI analytics; acquisitions have added INFLCR, ARMS Software, Smartabase, Zelus Analytics, Telemetry Sports, Sportlogiq and the enterprise business of Pro Football Focus. The company says it serves more than 7,000 elite sports organisations worldwide, including every NFL, NHL and Premier League team, 90% of MLB clubs, 87% of NBA teams, 99% of NCAA Division I athletic departments and more than 65 Olympic federations in 24 countries, and it earns revenue mainly from software subscriptions. Teamworks was founded in 2004 by chief executive Zach Maurides. In June 2025 it raised a $235 million Series F led by Dragoneer Investment Group at a pre-money valuation above $1 billion. In April 2026 Hg led a further growth investment, joined by AllianceBernstein, that more than doubled Hg's total investment to $200 million and lifted Teamworks' valuation above $1.5 billion.

Vinci is an AI software company that builds a foundation model for physics to run engineering simulations. Its platform pairs AI acceleration with verified solvers, so hardware engineers can run full-resolution simulations in minutes rather than treating simulation as a late-stage bottleneck. The product targets hardware and semiconductor companies designing physical products. Vinci announced a $250M Series B at a $1.5B valuation in October 2026, backed by institutional investors and strategic corporate partners from the hardware and semiconductor industry. The company is based in San Francisco, California, and was founded in 2023.

Octave Intelligence PLC provides a suite of software solutions that help organizations design, build, operate, and protect their physical assets, people, and critical infrastructure. The company operates in a single business segment developing enterprise software used in design, construction, operations, and security. Geographically, it operates in Americas that includes the United States, and Other Americas (Canada, and Latin America); EMIA that includes Europe, Middle East, India, and Africa; and APAC that includes the Asia-Pacific region, excluding India. The company derives maximum revenue from Americas. Its products include: Octave Coda Spatial, Octave Alto Twin, Octave Coda, Octave Oncall, Octave Alto, Octave Imagine, Octave Oncall Dispatch, Octave Alto Lightspeed, and Others.

Code Metal is a platform automating conversion of Python, Julia, and MATLAB research code to optimized C/C++, CUDA, Rust, VHDL, and Verilog for edge hardware like CPUs, GPUs, and FPGAs. Based in the US, it generates production-ready deployments for AI and signal processing applications.

Vention is a Montreal-based digital platform for custom factory automation equipment design and assembly. Engineers access a library of over 1,000 modular components including frames, actuators, and sensors to build machine cells, conveyors, and robot workstations via MachineBuilder 3D software. The AI-driven tool enables ordering fully assembled systems delivered in days. Vention serves manufacturers in automotive, electronics, and logistics across North America and Europe. Launched in 2016, it partners with Rockwell Automation and has facilitated over 10,000 machines.

Nagarro SE is a digital engineering company. The company offers digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World.

Play is a native iOS design and prototyping tool enabling creation, collaboration, and testing directly on iPhone and iPad. San Francisco-headquartered since 2022, it leverages SwiftUI for real-time previews, gesture simulations, and component libraries, bypassing desktop dependencies. Teams use it for wireframing apps with haptics, AR previews, and shareable prototypes.

UST is a digital engineering firm providing cloud, AI, and automation services to Global 2000 clients in healthcare, retail, and financial services. Headquartered in Aliso Viejo, California, and founded in 1998, it operates 50 delivery centers across Asia, Europe, and the Americas, including partnerships with AWS and Microsoft for enterprise transformations.

Empyrean Technology Co Ltd is engaged in the development, sales, and related services of EDA tool software for integrated circuit design and manufacturing. It also provides technology development and foundry design enablement services, serving the IC design, manufacturing, and packaging sectors.