Opportunity Network is recording 6x more activity among its members as they're seeking for alternative partners to Covid-19. Deal flow already exceeds $1B.
Online PR News – 05-April-2020 – Barcelona, Spain - April 4th, 2020 – Opportunity Network, the private business platform for CEOs/C-Level executives and investors, is reporting a 6 fold increase in connections as the 28,000+ members look to the online platform to help keep their firms running. In the past month, the network has seen a steep increase in business leaders using the platform to source alternative solutions to challenges caused by the COVID-19 pandemic.
Only 2 weeks ago, a member posted a deal seeking 300,000 thermometers. Within 3 days, 10 viable counterparts had contacted them through the network and the member was able to ship the thermometers.
“Companies need help now”, says Brian Pallas, CEO & Founder of Opportunity Network. “Fairs, conferences, and events have been all cancelled. Opportunity Network is one of the only solutions left in the market. We’re here to help companies access liquidity and replace trade partners as quickly as possible. We can and will do our best to prevent jobs from being lost.”
As governments began implementing lockdown policies, Opportunity Network observed an increase in deal postings using the phrase “COVID-19” or “coronavirus”. In the past days, 35% of the opportunities shared within the network were directly related to the pandemic, presenting a total valuation of over $1B USD. Week over week these numbers are growing. Furthermore, the platform’s Account Managers have reported an increase in members seeking to shift entire supply chains to new venues in an effort to keep their businesses going.
“More and more companies are facing liquidity crises. They are missing critical suppliers to be able to ship and be able to pay their people. Supplies are in very short order everywhere. We are able to connect businesses with the capital they need to keep going. We are able to help them find partners as they face disruption”, explains Pallas.
Opportunity Network currently hosts 28,000+ CEOs/C-Level executives and investors across 50+ industries. These members use the platform to connect to commercial, fundraising, investing, supply chain and M&A deals. Every member is vetted through partner institutions — including Credit Suisse, ABN Amro, BBVA, YPO, and more — to create a safe environment for business leaders looking to connect to viable deals and trustworthy counterparts.
“We cannot compare ourselves to doctors, nurses, and many others who are risking their lives in the front lines every day,” says Pallas. “They are heroes. Still, they depend on other businesses to keep operating and keep global (and local) economies stable. At Opportunity Network we’ll be doing our best to help in any way we can”.
About Opportunity Network
Founded by CEO Brian Pallas in 2014, Opportunity Network is now valued at $165M and has offices in Barcelona, London, and New York. The deal matching platform connects 28,000+ CEOs from 140+ countries and a total transaction flow of ~$277BN.
Opportunity Network is a digital platform used by 28,000+ select CEOs/C-Level executives and investors from around the world. Through the network, members share and connect with global business opportunities. The network boasts a total deal flow of USD 277 billion, distributed among 50+ industries. The platform membership is exclusive for companies and UHNW individuals with turnover and/or liquid assets exceeding USD 2.5 million.
To ensure the reliability and quality of the deals, Opportunity Network works with trusted partners to vet all potential members. Current partnerships with leading financial institutions worldwide include UBS and Credit Suisse, the London Stock Exchange Group, Citizens Bank, CaixaBank, Intesa Sanpaolo, Alfa-Bank, ABN Amro, Eurobank, BBVA, and more.