Tekcapital: five key takeaways from the CFO update

Tekcapital have released their October CFO update and provided vital insight into the progress of their portfolio company operations and their overall strategy.

We recently explored Tekcapital’s ‘public venture capital’ strategy which Konrad Dabrowski, Tekcapital Chief Financial Officer alludes to in their months update, reconfirming their desire to list companies early in the lifecycle to achieve commercial benefits.

Tekcapital Five CFO Update Key Takeaways

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The Innovative Eyewear IPO has helped deliver on their strategy

Listing Innovative Eyewear in the current market environment was always going to be a challenge. However, the NASDAQ float was largely a success; growth capital was raised and the company has subsequently made key hires.

Innovative Eyewear have since made key executive hires in sales and marketing bringing in experience in growing brands such as New Balance and Luxottica.

Tekcapital are targeting $1 billion valuations

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Tekcapital have been open with their views each of their portfolio companies has the potential to reach $1 billion valuations. Their portfolio companies are operating in sectors with large addressable markets with a great number of individuals that can improve their lives with the use of Tekcapital’s technologies.

Guident activity is ramping up

Autonomous vehicle technology company Guident have been busy showcasing their Remote Monitoring and Control Center solutions, and working with their partners to secure new customers.

Testing of the Regenerative Shock Absorber technology has made important progress through a real-world trial at their facility in Boca Raton, Florida. A particularly exciting development is the update on the development of a prototype with one the world’s leading automotive companies.

The MicroSalt growth strategy is well under way

MicroSalt have launched new products and secured new commercial agreements signalling demand for their products. MicroSalt launched two new shakers at the Expo East Food Convention in September and the products are set to be available of Amazon shortly.

The tie-up with a ready meals company demonstrates the breadth of their potential client base and end applications.

Opportunity for special dividends

Tekcapital mentioned the opportunity for special dividends in this update which is core to their shareholder value creation strategy. With the plethora of portfolio company updates, it is easy to lose sight of Tekcapital’s aim to return capital to shareholders through special dividends – at a time developments permit the distributions.

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