Alicorn-backed Glassbox lists on Tel Aviv stock exchange at pre-money valuation of US$350m
Alicorn Global Ventures (“Alicorn”), which invests in late-stage technology companies, announces that its strategic investment, Glassbox Ltd (“Glassbox”), today started trading on the Tel Aviv Stock Exchange (TASE: GLBX).
Glassbox is a UK-headquartered global technology company that has developed an analytics platform that provides a complete view of all customer interactions across internet and mobile channels. The technology encompasses Traditional Web Analytics and Application Performance Management (APM), providing real-time analysis to identify issues and improve digital customer experience.
Today’s listing values Glassbox at pre-money valuation of US$350m, delivering another successful exit for Alicorn which has invested $9m in the company since May 2020. Alicorn’s investment approach is to identify secondary and unique primary opportunities in top-tier, fast-growing technology companies. Alicorn leverages proprietary access to unlock value in harder-to-access, under-the-radar companies.
Alexander Assim, Partner, Alicorn says: “Glassbox is an attractive investment with proven, proprietary technology and a strong leadership team; today’s successful listing reflects the company’s prospects and Tel Aviv’s increasing influence as a hub for technology investments.”
“At Alicorn, we focus on hard-to-access, tech-enabled companies at late-growth stages, which offer significant potential for investment performance.”
Alicorn is a global venture capital firm established 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.