Tiger Global Management
Assets
Aktivs
Tiger Global Management has stakes in the companies:
History
2023
Walmart buys stake in Flipkart for $3.5bn
On September 1, 2023, the American corporation Walmart announced the acquisition of a stake in India Internet the largest Marketplace. During February-July 2023, approximately $3.5 billion was spent for these purposes, as stated in documents released by the Securities and Exchange Commission (USA SEC). More. here
Investment in OpenAI
At the end of April 2023, it became known that OpenAI, the developer of the advanced chat bot ChatGPT based on artificial intelligence, raised $300 million for development. Read more here.
2022
Loss of $17 billion due to failed investment in IT companies
In early May 2022, it became known that the hedge fund Tiger Global lost about two-thirds of the total income that it has generated for investors since its inception in 2001.
According to LCH Investments (LCH), in 2022, the American investment firm Tiger Global lost about $17 billion. Tiger Global made a net profit of $25 billion before the start of 2022, according to LCH, which manages a hedge fund fund and tracks the top 20 hedge fund managers annually.
Tiger Global's main investments in late 2021 were JD.com, Microsoft, Sea, Nu Holdings and Snowflake, according to Securities and Exchange Commission data released in May 2022. All these shares fell by at least 21%, and the quotes of the Singapore technology company Sea sank 71% from the beginning of 2022 to the beginning of May 2022.
Among the fund's latest investments are artificial intelligence software company HighRadius, whose $300 million round Tiger led with D1 Capital, and medical service Cityblock Health, which raised $192 million in Round C. The fund is also in talks to lead the $300 million round of chipmaker Groq. Until 2020, the hedge fund adhered to this tactic and earned itself a name, authority and experience. Peloton, Stripe, Spotify, Warby Parker, Juul shares were bought, as well as several Indian companies Flipkart, Ola, Myntra, Quikr. In 2021, Tiger Global organized many large rounds of funding, and the fund took part in a number of them, often as one of the leaders of the round.
Technology stocks leading the market were hit in 2022 as investors fear rising interest rates will affect their future profits. The market is also affected by great tensions in geopolitics due to Russia's military special operation in Ukraine.[1]
Investing in Chinese online clothing retailer Shein
In early April 2022, Chinese online clothing retailer Shein raised $1 billion and was valued at $100 billion. That makes the company more expensive than H&M and Zara combined. Investors in the startup included General Atlantic funds, as well as Tiger Global Management and Sequoia Capital China. Read more here
Investing in Refyne
Digital Horizon on January 14, 2022 announced that it had invested in Refyne, which offers advance payments of part of the salary, in a $82 million round led by Tiger Global. Read more here.
Investing in UK payment transaction platform Checkout
In mid-January 2022, Checkout raised $1 billion in a Series D funding round. The company's valuation rose to $40 billion, 167% higher than in 2021. Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, Qatar Investment Authority, Tiger Global, Oxford Endowment Fund, as well as existing investors Blossom Capital, Coatue Management, Yuri Milner's FundDST Global, Endeavour Catalyst and Ribit Capital invested in Checkout. Read more here.
Investing in French online freelance bank Qonto
In early January 2022, an online bank for Qonto freelancers raised about 486 million euros as part of the Series D funding round. The estimate startup for this investment transaction rose to 4.4 billion euros. The latest investment round was led by Tiger Global and. The TCV round was also attended by some new investors such as Alkeon, Eurazeo,,, KKR Insight Partners Exor Seeds, Guillaume Pousaz, Gaingels and Ashley Flucas. Valar's existing investors, Alven, DST Global Yuri Milner and have also Tencent invested in Qonto. More. here
2021
Investing in Dream Sports' sports content platform
On November 24, 2021, the Indian sports content platform Dream Sports announced the raising of $840 million from investors led by Tiger Global and DST Global Yuri Milner. According to the results of the financing round, the startup was valued at $8 billion. Read more here.
Investing in a Zambian fintech startup Union54
On October 27, 2021, it became known that the Zambian startup Union54 raised $3 million in investments from venture capital funds Tiger Global, Runa Capital, Ace and Company, Todd & Rahul Angel Fund and Vibe VC. The detailed parameters of the transaction were not disclosed, including the estimated value of the Union54. Read more here.
Investing in a social network for TradingView traders
In mid-October 2021, TradingView raised $298 million at a valuation of $3 billion in a funding round led by Tiger Global Management, helped by growing interest in retail investors to participate. Read more here.
Investing in cryptocurrency company Matrixport
On August 2, 2021 startup Matrixport , in the field of crypto banking and financial services, allocated from Bitmain Technologies, announced raising funding in the amount of $100 million with an estimate of more than $1 billion. The main investors were C Ventures and K3 Ventures funds. More. here
Investing in fintech startup Revolut
In mid-July 2021, the British fintech company Revolut raised $800 million in a new round of funding led by SoftBank and Tiger Global. At the end of the round, Revolut's valuation reached $33 billion, six times more than $5.5 billion in 2020. Read more here.
Investing in Brex Cost Management Software Developer
At the end of April 2021, fintechstartup Brex he raised $425 million as part of a series D funding round led by venture capital firm Tiger Global. The startup's capitalization has grown to $7.4 billion. here More.
Investing in Clubhouse Voice Communication Service
In mid-April 2021, Clubhouse announced the closure of a new Series C funding round led by Andrew Chen of the Andreessen Horowitz Foundation. Tiger Global, entrepreneur Elad Gil, as well as Yuri Milner's fund DST Global also invested in the startup. Read more here.
Investing in Indian fintech service Cred
In mid-April 2021 Indianstartup Cred , he announced the attraction of $215 million as part of a new round of financing for series D, as a result of which its value reached $2.2 billion. The previous round, which ended in January 2021, brought Cred $81 million in investments and a valuation of about $800 million. The Tiger Global fund invested in it. More. here
Investing in the Weee fresh food delivery service!
At the end of March 2021, the Weee ! raised $315 million in a series of investments led by the Yuri Milner FoundationDST Global. New investors include funds managed by Blackstone, Arena Holdings and Tiger Global. Read more here.
Investing in payment solution developer Flutterwave
In early March 2021, African fintech-startup Flutterwave announced the attraction of $170 million in investments as part of the series C round. The cost of the startup exceeded $1 billion, which allowed it to join the ranks of unicorns. Tiger Global invested in it. here More.
Investing in the marketplace of building materials Infra.Market
At the end of February 2021, Infra.Market raised $100 million in the Series C round, which was headed by Tiger Global. The startup plans to spend the funds raised to expand its technology offerings, develop new markets and promote initiatives such as brand and own brand development, direct sales and exports. Read more here.
Investing in a company to buy businesses from sellers on Amazon Branded Group
In mid-February 2021, Branded Group announced the attraction of $150 million in investments. The main funding for Branded comes from Target Global, which is called the "co-founder" of the startup, along with two other co-founders Pierre Poignant and Michael Ronen, as well as Tiger Global. Read more here.
Investing in RPA market leader UiPath
In early February 2021 UiPath , it announced the attraction of $750 million in investments in the Series F round, as a result of which the world's largest solution manufacturers RPA were valued at $35 billion, which more than triples the estimate six months ago. Previously, UiPath received a total of $1.2 billion from investors, including Accel Alphabet Inc. "s Kleiner Perkins CapitalG, и Meritech Capital Partners (данные PitchBook). More. here
Investing in Finnish delivery service Wolt
At the end of January 2021, the Helsinki company Walt raised $530 million. The investment round was headed by the Iconiq Growth fund with the participation of Tiger Global, KKR, Prosus, EQT Partners, Coatue, as well as the Yuri MilnerDST Global fund. The latest round was also attended by incumbent investors 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners, which previously invested about $302 million in Walt. Read more here.
Investment in fintech startup Rapyd
In January 2021, Rapyd announced the attraction of $300 million in investments. The Series D round featured Target Global. Also among those who invested in the startup were Spark Capital, Avid Ventures, FJ Labs and Latitude, General Catalyst, Oak FT, Tiger Global, Durable Capital, Tal Capital and Entrée Capital. Read more here.
Investing in fintech company Checkout
January 12, 2021 Checkout.com announced the attraction of investments in the amount of $450 million and the receipt of a company assessment of $15 billion. The lead investor following the financing round was Tiger Global Management. Also involved in the deal was the fund of the DST Global Russian billionaire, Yuri Milner who had previously invested in -. Britishfintechstartup More. here
Investing in cloud developer for Mambu MFIs
In early January 2021, Mambu announced the closure of the funding round, as a result of which it was able to attract 110 million euros, and the estimated value of the startup was 1.7 billion euros. Among the investors is the Runa Capital fund, which was previously invested in a German company. Read more here.
2020
Investing in Infra.Market
On December 10, 2020, it became known Indian startup Infra.Market that it announced the raising of $20 million during round B from funds, Sistema Asia Fund Evolution India Fund and Foundamental Gmbh. In addition, the round was also attended by current investors in the project, including Accel, Tiger Global and. NeXus More. here
Leading the round of investment in Relativity Space
The rocket manufacturer, the Relativity Space closest competitor, SpaceX Elona Musk is ending another round of attracting investment, after which it will become one of the world's most expensive private space companies with a capitalization of $2.3 billion. This became known on November 17, 2020. Led by hedge fund Tiger Global Management, whose assets are valued at more than $40 billion, the company raised about $500 million. More. here
RPA market leader UiPath raised $225 million and was valued at $10 billion
On July 13, 2020, UiPath announced the closure of the Series E investment round, following which the RPA solutions market leader raised $225 million and was valued at more than $10 billion. Read more here.
2019: Investing in smart car insurance developer Root Insurance
In August 2019, Tiger Global Management became one of the leading investors in the E Series round of the American startup Root Insurance. The deal has not yet been closed, but it is assumed that according to its results, the value of a company engaged in smart insurance technologies may reach $3.65 billion. Read more here.
2010
In July 2010, it became known that Tiger Global Management acquired a 40% stake in the company as an airline ticket seller Anywayanyday.com. According to Vedomosti, the cost of the share was about $10 million.
Finam President Vlad Kochetkov expressed the following consideration about the company's price: "Depending on the size of the airline commission, the cost of AWAD can be 2.5-3 commission income per year. For Western counterparts, this multiplier is 1.8-2.2 sales revenues, but the potential of the Russian market should assume a certain premium. "
It is worth noting that Tiger Global Management is one of the shareholders of Yandex, where the partner selling air tickets on Yandex.Schedules is another company, Agent.ru. We can expect a change in the data provider on Yandex.Records, which will allow Tiger Global Management to increase Anywayanyday's turnover.
Tiger Global Management has experience investing in projects related to the online sale of travel services in Asia, Europe and South America.
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