19 Mar 2018
In light of recent press, it’s topical to talk about our experience with GetSwift (GSW) over the past 15 months. In December 2016 we invested a small amount of the Fund (around 1.5%) into the GSW IPO at 20c.
We were attracted to the small market cap ($25m at IPO), the modest but growing revenue streams and the attractive thematic of a last-mile logistics software platform. Within three months GSW had run to 50c (with which we were obviously thrilled), but we were starting to question the valuation.
Full article: here