Portfolio Snapshot
Aggregate KPIs as of Q1 2025
Global Reach
- Active equity positions in 34 countries across 5 continents
- 72% of portfolio revenue is generated outside company HQ markets
- Highest exposure: North America (38% AUM), Europe (27%), APAC (24%), LatAm & MEA (11%)
Geographic diversification buffers macro-risk and surfaces cross-border expansion playbooks.
Growth Metrics
- Median revenue CAGR: 42% (last 24 months)
- 75th percentile: > 55% CAGR
- Payback period on blended capital: 3.1 yrs
- Average gross margin uplift post-investment: +9 pp via pricing optimisation & cost engineering
Validates our "capital + operator" model—growth is both fast and efficient.
Company Scale
- Initial entry points: Series A → Pre-IPO
- Pre-money valuations: USD 10m – 450m (mean ≈ 122m)
- Initial cheque sizes: USD 5m – 30m with 80% follow-on rate
- Board representation in 60% of active positions
Shows we can lead, co-lead, or support growth rounds without concentration risk.
Talent Footprint
- Portfolio companies employ ≈ 5,400 FTE (↑ 31% YoY)
- Engineering talent share: 48%
- Leadership diversity: 34% of C-suite roles held by women
Human-capital depth is a leading indicator of sustainable scale.
Featured Investments — Anonymised Case Briefs
Why anonymised?
Many of our portfolio companies operate in stealth or under strict NDAs during sensitive growth phases (e.g., pending M&A, regulator reviews). We therefore publish code-names and rounded metrics that convey performance without breaching confidentiality.
Enterprise SaaS
ITSM & automation
Investment Details
- Initial: USD 12m primary + pro-rata
- Ownership: 15% FD post-money
- Valuation: ≈ USD 70m
Performance
- ARR Growth: 8.4m → 18.6m (187% YoY)
- Margin: 78% → 82%
- Target: 4.5× MOIC in ≤ 3 yrs
Key Wins
- Legacy integrations (SAP/Oracle)
- Sales cycles: 9 mo → 6 mo
- EMEA expansion playbook
Current Status
Preparing Series C; term-sheet signed
FinTech Infrastructure
Payments orchestration
Investment Details
- Initial: USD 25m (20% secondary)
- Ownership: 12% FD
- Valuation: ≈ USD 180m
Performance
- TPV Growth: 1.9bn → 4.9bn (156% YoY)
- Margin: 63% → 71%
- Target: 3× MOIC in ≤ 4 yrs
Key Wins
- PSD2/SCA in 14 markets
- 42% latency reduction
- CAC reduced by 27%
Current Status
EBITDA-positive, IPO ready H2 2026
AI/ML Ops Platform
Enterprise ML infrastructure
Investment Details
- Initial: USD 8m lead + board seat
- Ownership: 20% FD
- Valuation: ≈ USD 32m
Performance
- ARR Growth: 4.2m → 12.5m (245% YoY)
- Margin: 54% → 68%
- Target: 6× MOIC in ≤ 5 yrs
Key Wins
- Training costs cut 35%
- Model accuracy +9 pp
- Open-source SDK traction
Current Status
3 hyperscaler partnerships
*TPV = Total Payment Volume
How We Preserve Confidentiality
Code-names replace brand names.
Rounded figures avoid exact term disclosure.
Time-lagged reporting (≥ 1 quarter).
Selective KPIs for thesis demonstration.
Aggregated stats minimize reverse-engineering.
These safeguards honour NDAs while giving prospective founders and co-investors enough insight into our track record and value-add.