GFH invests in portfolio of tech firms at pre-ipo stage

MANAMA: GFH Financial Group (GFH Group) on Wednesday announced that it has invested in a porfolio of pre-ipo stage, high-growth companies that specialise in next generation technologies. The investments have remained relatively resilient during Covid-19 and are expected to perform strongly as the businesses continue to build on the large addressable market opportunity.

The investment porfolio is held through a collective vehicle to provide diversification and comprises minority stakes in Snowflake, Uipath, Doordash, Datarobot, Samsara, BYJUS and Outreach, among others. The porfolio companies provide mission-critical cloud enterprise sotware, artificial intelligence and IOT solutions or operate in the direct-to-consumer e-commerce and edtech verticals.

Most recently, Snowflake had a successful IPO on the New York Stock Exchange and it’s expected that other companies in the porfolio will also go public and/or may enter into trade deals at an appropriate time.

Hammad Younas, Chief Investment Management of GFH said, “We are delighted to bring to market this distinctive opportunity to invest in some of the world’s most exciting growth tech companies out there today. This is in line with GFH’S diversification strategy and continued focus on making investments in businesses that offer atractive returns and are also downturn resistant. We are especially pleased to be investing in partnership with one of the most renowned technology focused advisors and managers globally, who have outstanding credentials and track record in the sector.”