Axevil Capital. Portfolio update. May 2024

We continuously monitor our portfolio companies to keep you updated with fresh insights, new partnerships, and key business development directions of our "champions."

Recent updates have already been added to the "Portfolio" section of our app, but for now, we wanted to share a high-level overview of the situation.

Over to Vladislav Solovev , leading investment analyst at Axevil Capital:

"If we assess the past period, we can say that our expectations are being confirmed by real numbers and actions of the companies. We see that some of them are showing all signs of preparing for an IPO.

?? For example, the CEO of Klarna stated that the company has achieved all necessary targets for going public and is now starting preparations for an IPO.

?? Another example, Stripe is structurally ready for an IPO and recently hired a new CFO, Steffan Tomlinson, who is an experienced financial director of public tech companies. Previously, Steffan was the CFO of Confluent and helped the company conduct a successful IPO in 2021, and before that, he took Palo Alto Networks public.

In our opinion, Databricks and Rappi are also candidates for listing in the near future.

?? Databricks, after its investment rounds, possesses significant funds and does not need additional financing. We expect the company to list at a favorable market time in mid-2025.

?? As for Rappi, the company managed to achieve one of the key goals set for 2023, reaching monthly profitability in the fourth quarter. Recently, the company appointed a new experienced CFO, whose main task will be preparing for listing"

We will continue to monitor the news and keep you updated on developments!