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
Bom Kim, founder and CEO of Coupang
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 Genralist article
Flutterwave raised $170M, now valued at over $1B
The Flutterwave Team
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
Jeff Cavins, founder and CEO of Outdoorsy
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 PORTFOLIO NEWS
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!
READ
📰 Crypto Quantique (UK) | On partnering with EPS Global for IoT quantum driven cybersecurity. → read here 🗞