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Pre-IPO Investing: 4 Reasons To Consider Pre-IPO Investments

CrossWork Midas Announces Portfolio Company AuditBoard Has Agreed To Be Acquired for $3 Billion. CrossWork Midas, a late-stage venture capital fund specializing in AI and enterprise software investments, announced that portfolio company AuditBoard has agreed to be acquired by Hg, a European private equity firm, for over $3 billion. Notably, five of CrossWork's portfolio companies are listed on PitchBook's top 10 AI companies most likely to go public in 2024. CrossWork Midas is a specialist investor in the AI and enterprise software sectors. The fund focuses on late-stage, pre-IPO companies, leveraging its proprietary AI-driven investment approach and deep sector expertise to identify high-potential opportunities. The fund's late-stage artificial intelligence investments include large language models (LLMs), semiconductors, databases, AI development/management platforms, AI software companies, and enterprise software companies that leverage AI. AuditBoard Investment: "AuditBoard highlights an important aspect of our investment thesis," said Steven Ogunro, Partner at CrossWork, who led the AuditBoard investment. "Our ability to identify market leaders like AuditBoard, that can benefit from powerful developments in AI, combined with our extensive network of relationships through some of the world’s best advisory board members, has been key to our success" We invested in AuditBoard for several key reasons: - It’s exceptional management team. - Strong growth year-over-year combined with a market leadership position in a substantial market. - A “must have” product solution utilized by 50% of Fortune 500 companies, helping customers satisfy key regulatory requirements. - Strong product loyalty - reflected in strong recurring revenues. - It’s systematic use of AI in product and business execution - Significant opportunities for further growth. "As AI continues to transform industries, CrossWork Midas is uniquely positioned to capitalize on the next wave of enterprise software innovation.” said CrossWork partner, Steven Ogunro. Important Disclosures - Nothing in this preliminary information should be considered an offer for the purchase or sale of any securities in any jurisdiction whatsoever. Investments in private securities are risky and illiquid with the potential for entire capital loss. Nothing herein should be considered financial advice of any kind. While care is taken, no warranty or guarantee is made with respect to the information herein which is subject to errors. Consult your financial advisors in all circumstances when taking any action with respect to an information or data provided herein and review risks available at www.crosswork.us