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). Alicorn is the global venture capital arm of Arowana International, the established B Corporation-accredited investment group.
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, Principal, 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 by the B Corporation-accredited investment group Arowana in 2018. 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 an international B Corporation investment group that has operating companies and investments across the United Kingdom, South East Asia, Australia, Europe and the United States. Established in 2007, Arowana’s purpose is to grow people, grow companies and grow value.