Asset Manager Investing in Global Technology Sector

We're an asset management firm allocating our capital into asset classes benefiting from technological innovation and applications globally. We serve as a family office of a tech professional who has spent over a decade as an entrepreneur, operator, and venture investor across Asia and the US.

Our small team is made up of diverse investment professionals who research, identify, and execute relevant opportunities. We occasionally share some of our investment memos, insights, and analysis here.

Friday, June 5, 2020

Q2.2020 - Fiverr: Highly Rare Opportunity

  • Amid the COVID-19 pandemic that has forced companies to withdraw their full-year outlook, Fiverr raised both its profitability and revenue guidance for the full year.
  • Growth remains accelerated at +40% while profitability continues improving.
  • As the COVID-19 outbreak has forced many online advertisers to scale back, the situation instead provides a less competitive environment in terms of cost and share of attention.
  • Given its core competence in online marketing, Fiverr will continue capitalizing on the opportunity.

Fiverr (FVRR) continues to show why it is one of the most attractive growth investment opportunities in the market today. The business has proven to be resilient during the COVID-19 situation as growth kept accelerating while efficiency improved.

Given its 44% growth in Q1, the performance exceeded our expectations. Since our most recent coverage on the company's promising move upmarket last November, shares price has appreciated by a staggering 170%. Moreover, the fact that the management has raised its full-year outlook during this time is also a demonstration of Fiverr's rare quality.

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