GFH Financial Group would like to announce that in line with its vision to invest in innovation and growth and to capitalise on secular trends in digital adoption, the Group has invested in a portfolio of pre-IPO stage, high-growth companies that specialise in next generation technologies. The investments have remained relatively resilient during Covid-19 and are expected to perform strongly as the businesses continue to build on the large addressable market opportunity.

The investment portfolio is held through a collective vehicle to provide diversification and comprises minority stakes in Snowflake, UiPath, DoorDash, DataRobot, Samsara, BYJUs and Outreach, among others. The portfolio companies provide mission-critical cloud enterprise software, artificial intelligence and IoT solutions or operate in the direct-to-consumer e-commerce and edtech verticals. The companies are led by highly capable management teams, have a leadership position in their respective domains and are operating at large scale across multiple geographies.

Most recently, Snowflake had a successful IPO on the New York Stock Exchange and it’s expected that other companies in the portfolio will also go public and/or may enter into trade deals at an appropriate time. The overall size of the collective investment vehicle is c. US$ 270 million and with GFH holding a minority stake. The investments are expected to generate high double digit returns for GFH and its investors, while providing attractive structural downside protection.

This Investment is expected to reflect positively on the Group’s financials and increase the returns for the Group.