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.”