Tekton Newsletter #3

March 2021 Edition


March was a busy month for our portfolio to say the least. An IPO, a new unicorn and multiple large rounds. We’re beyond proud and excited to continue working with our incredible entrepreneurs!



Coupang pulled off the biggest Asian IPO in the US stock exchange since Alibaba

What an incredibly humbling adventure this has been since 2010! As proud seed investors of Coupang, South-Korea’s largest e-commerce operator, we could not be happier for Bom and the team on their IPO. It’s only the beginning!

🗞 Meet The Billionaire Founder Of South Korea’s Amazon That’s About To Go Public - Forbes article

🗞 Coupang: The Art of Obsession (IPO Unbundling) - The Generalist article

Flutterwave raised $170M, now valued at over $1B

Congrats to portfolio company Flutterwave for a whopping Series C round and being one of the few African startups to have secured more than $200 million in total funding. We could not be more excited to be part of this journey from day one.

🗞 African payments company raises $170M, now valued at over $1B - TechCrunch article

🗞 Also: Flutterwave and PayPal collaborate to allow African merchants to accept payments - TechCrunch article

Outdoorsy Reaching $1B in Sales in Q1

It is hard to believe it took only five short years for Outdoorsy (US) to cross the billion-dollar bookings milestone. As travel restrictions and rituals continue to be redefined post Covid-19 outbreak, Outdoorsy has been inundated with staggering demand for RV and camper rentals. As an early seed investor, we at Tekton couldn’t be more thrilled to be along for this exciting ride!

🗞 Outdoorsy on Track to Reach $1B in Sales by End of Q1 - PRNewswire article

🗞 Also: Outdoorsy appoints new CFO & COO - PRNewswire article


More news in the portfolio 👇🏼

READ

  • Crypto Quantique (UK) | On partnering with EPS Global for IoT quantum-driven cybersecurity. read here →

LISTEN

  • Shinichi Takatori, Founder and CEO of Kyash (Japan) | On digitizing Japan’s status quo. listen to the podcast →

  • Robin Gregg, CEO of RoadSync (US) | A courageous conversation about how an investor stepped in to lead a startup with accelerated success in Atlanta. listen to the podcast →

  • Our own Jai Choi! | In discussion with the great folks at the Finding Proof Podcast on all things early stage VC and the Tekton global model. listen here!

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