Glassbox, a strategic investment of Alicorn Global Ventures (Alicorn) Ltd an investor in late-stage tech companies, has started trading on the Tel Aviv Stock Exchange under the ticker GLBX.
Alicorn is the global venture arm or Arowana International, the established B Corporation accredited investment group.
Glassbox is a UK-headquartered global technology company that has developed an analytics platform that provides a complete view of all customer interactions across internet and mobile channels. The technology encompasses Traditional Web Analytics and Application Performance Management (APM), providing real-time analysis to identify issues and improve digital customer experience.
Today’s listing values Glassbox at pre-money valuation of USD350 million, delivering another successful exit for Alicorn which has invested USD9 million in the company since May 2020. Alicorn’s investment approach is to identify secondary and unique primary opportunities in top tier, fast-growing technology companies. Alicorn leverages proprietary access to unlock value in harder-to-access, under-the-radar companies.
Alexander Assim, Principal, Alicorn says: “Glassbox is an attractive investment with proven, proprietary technology and a strong leadership team; today’s successful listing reflects the company’s prospects and Tel Aviv’s increasing influence as a hub for technology investments.
“At Alicorn, we focus on hard-to-access, tech-enabled companies at late growth stages, which offer significant potential for investment performance.”
