Alicorn is a fund investing in venture capital secondaries in top tier, tech-enabled companies. Alicorn was founded by Arowana in 2020 and is headquartered in London. In May 2020, Alicorn completed a US$6m co-investment in Glassbox Digital, a UK-based enterprise software company that recently closed a US$40m Series C round.
In a market where valuations and returns have shifted from public market to private markets, and capital inflows to VC are driving record competition for access, Alicorn seeks to leverage proprietary access to secondaries to invest in harder-to-access, late growth, VC-backed, private companies
Alicorn was established, under Arowana’s strategy to unlock value by;
- Leveraging proprietary access to VC secondaries through the senior team’s relationship, involvement and/or investment with VC-backed companies, VC and corporate VC managers and employees or stakeholders
- Unlocking value through investments in secondaries into harder-to-access, under-the-radar companies at a late stage of growth with a clear pathway to profitability, avoiding the largest, covered names
- Assessing these against proven investment criteria with a focus on companies the senior team have extensive prior knowledge or involvement with to create an information asymmetry