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Microsoft invested in Rubrik, Robinhood reported Q2 and more

Last week news from companies included in the pre-IPO portfolio of Global Technologies Private Portfolio fund

Rubrik

Rubrik, a cloud-based big data protection automation platform, has attracted investment from Microsoft. The amount of the deal was not disclosed. According to Bloomberg, we are talking about tens of millions of dollars. Rubrik and Microsoft also agreed to jointly develop products against cyberattacks (the companies have long been partners).

Forbes Cloud 100

Five companies from the fund’s portfolio — Tanium, Samsara, Rubrik, Scale AI and InVision — were included in the Forbes Cloud 100 rating. The world’s leading private cloud companies are participating in the rating. Ranking position is calculated based on market share, capitalisation, business metrics and quality of corporate culture.

Robinhood

Robinhood released its second-quarter financials for this year, which turned out to be worse than investors’ expectations. The online broker’s revenue grew 131% YoY. At the same time, the company posted a net loss of $502 million versus $58 million in profit. The company also said that half of its revenue came from cryptocurrency transactions, in particular, with DogeCoin. At yesterday’s session, HOOD share price fell to $44.7.

The current return of the fund’s clients on Robinhood shares is 223% over 13 months. The lockup period is in place until early December.

Klarna

Klarna CEO Sebastian Semyatkovski mentioned in the interview that the company is not preparing for an IPO right now, but still intends to go public someday. Perhaps this will happen next year — no decision has been made yet.

The current return of the fund’s clients on Klarna shares is 230%% over 9 months

Neobanks

Neobanks continue to increase the global market share of financial services. Brazilian Nubank plans a public listing with a forecasted valuation of over $40 billion. American Chime received $750 of venture investments with a post-money valuation of $25 billion. A sustainable neobank from California Aspiration goes public via the SPAC merger. At the same time, the Argentinian Ualá funding round was led by Softbank, while African Kyda’s by Target Global and Valar Ventures (Peter Thiel).

GTPP fund clients have an opportunity to invest in American neobank for freelancers and SMEs — Oxygen.