Alicorn Global Ventures (“Alicorn”) is pleased to have completed a busy first quarter of CY2021 with two secondary investments in fast growing technology companies totalling US$13.5m. Both investments are proprietary opportunities that remain confidential at time of writing.
Alicorn recently invested $3.5 million in a global DevOps software company with a continuous delivery and collaboration platform for cloud-native applications and microservices. Its modern CI/CD platform is designed for software development teams building and deploying cloud-native applications using containers, serverless, and Kubernetes.
“DevOps is at the centre of two critical trends in enterprises over the last decade: a mass transition to cloud-native systems, and a new mission criticality to the performance of business software and IT infrastructure. Today, the average enterprise has approximately 500 custom applications and will develop and deploy approximately 40 new applications in a year. That challenge is being solved through CI/CD and DevOps automation,” said Alexander Assim, Principal at Alicorn.
In addition, Alicorn has also completed a $10m co-investment in a mobile commerce monetisation company. The company’s AI/ML-powered technology enables frictionless commerce for users by presenting superior discovery recommendations, at the edge, thereby protecting user data from leaving the device. The platform infers what products and services the user might be interested in and generates recommendations in a seamless manner that complements existing user interaction. The company’s technology is distributed to millions of Android users worldwide through telecoms carriers, member organisations and other entities and recently received iOS-certification, further increasing its already significant addressable market.
“The company has achieved substantial growth through technology that improves the commerce experience of mobile device users without ever opening an application. We’re excited to be investing at such an inflection point for the team, before the release of their next product generation, and with it an exit from stealth,” according to Alexander Assim, Principal at Alicorn.
“We’re pleased to have led both of these investments in companies that already count the likes of Microsoft, Red Dot Capital Partners and JRJ amongst their investors. We look forward to the journey ahead with our co-investors at Arowana and further investments from the wealth of opportunities we continue to see in the market,” said Arowana Founder & CEO Kevin Chin. “As investors and operators of enterprises ourselves, the Arowana team is all too familiar with how mission-critical technology is to business and consumer alike. These companies are standout technologies in their space and we’re looking forward to supporting the teams on their next stage of growth.”
Alicorn is a global venture capital group established by the B Corporation group, Arowana in 2017. The team’s expertise lies in secondary investments and bespoke primary funding rounds in VC-backed technology companies at a late growth stage. Alicorn works with these companies, their existing venture capital investors, and other stakeholders to facilitate secondary investments to solve liquidity requirements in addition to participating in unique primary rounds.
Arowana is a global B Corporation that has operating companies and investments across the United Kingdom, South East Asia, Australia and the United States. Established in 2007, Arowana’s purpose is to grow people, grow companies and grow value.