The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Among them is TMT Investments, a tech-focused firm with $70 million under management that has previously invested in companies including recruitment analytics firm Gild, cloud storage firm Backblaze, and ecommerce startup Wanelo. TMT is now branching out into the cryptocurrency space. On Wednesday, it's announcing a new $60 million fund that will invest explicitly in firms that focus on blockchains, the digital ledger technology that underlies bitcoin, ether, and other similar cybercurrencies. http://uk.businessinsider.com/tmt-investments-crypto-blockchain-focused-60m-fund-2017-12
Very low free float, massive potential when blockchain announcements made in March, bought these to tuck away for long term gains! having trouble viewing an accurate intraday chart, advfn & lse the chart never moves when today it had a high of 4.10 and a low of 3.77, any recommendations for an accurate chart? Is it being in dollars have an effect, the chart was working fine during the rise at th beggining of the week
Total shares in issue 27.74m Less below's 87% held by M/shareholders = 13% is just FF or 3.6m free float Significant Shareholders: Macmillan Trading Company Limited � 7,091,625 (25.56%) German Kaplun (via Ramify Consulting Corp) � 5,348,980 (19.28%) Wissey Trade & Invest Ltd � 5,000,000 (18.02%) Eclectic Capital Limited � 4,650,000 (16.76%) Zaur Ganiev � 2,453,152 (8.84%) http://tmtinvestments.com/investor-relations/aim-rule-26/
my 2 buys from earlier have still not been shown, expecting yet more of a rise from here. This will become on more peoples radar's when news drops in the next couple of months! expecting big things here!
http://uk.businessinsider.com/tmt-investments-crypto-blockchain-focused-60m-fund-2017-12
https://www.cryptoninjas.net/2017/12/08/tmt-investments-launches-60-million-crypto-fund-supported-waves-platform/ This looks quite scalable and a company that is not going to play around the edges of 'Blockchain'
So a Blockchain theme now, good timing! Up 5%
"TMT Investments has the inside track on what's hot and what's not in the tech sector" AIM-listed TMT Investments is tracking what’s hot and what’s not in the technology hotbeds of California and Israel. Founded by Alexander Morgulchik, German Kaplun and Artyom Inyutin, the trio behind the success of Russian media conglomerate RBC, it floated on AIM in 2010. http://tinyurl.com/o69pl6n
video interview TMT Investments targets internet and productivity companies Alexander Selegenev, Executive Director at TMT Investments (LON:TMT) tells Proactive Investors the company invests in high-growth internet and productivity-focused companies. http://tinyurl.com/puxoud8
TMT will act as the exclusive consultant to the fund’s investment manager. The fund is conditional, inter alia, on the fund raising a minimum of $30 million. TMT’s remuneration will be 75% of the investment manager’s fees related to the management of the fund. The investment manager will receive an annual fee of 2% per annum of the fund’s net asset value and a performance fee of 20%. Given that the fund would be larger than TMT, the company’s co-investment right would increase the investment opportunities for TMT as well as providing recurring revenue for the company. In addition, we believe that the agreement will not create any conflicts between TMT and the fund.
Takeover Potential TMT may purchase additional shares for an aggregate consideration of between $100,000 and $200,000. The option may be exercised after the first anniversary of the transaction (24th October 2013). The most successful comparable web service is Pinterest, which is currently a top 5 social networking site, with 1.27% of the global market share in terms of users. (www.dreamgrow.com). We believe that the most likely exit route here would be via a takeover from one of the bigger players in the market, such as Pinterest.
Picture-perfect Investment Incorporated in the British Virgin Islands in July 2012, Favim has developed an innovative system that automatically identifies unique and inspirational pictures which have been uploaded by users onto their personal galleries on favim.com. We see this investment in Favim as a further step in diversifying and reinforcing its presence in the high-growth, internet-based market.
In a move to diversity and reinforce its presence in the high-growth, internet-based market, TMT Investments has acquired a 20% stake in Favim Holdings, the online photo sharing and collecting service business, for $300,000. The venture capitalist also revealed that it will assist the investment manager of a newly proposed unquoted TMT fund. With the shares up 23% since we initiated coverage in February this year, we continue to believe that the company has the long-term potential to generate an attractive rate of return for shareholders.
The UsingMiles service includes a personalized dashboard that allows users to view a wide range of loyalty and rewards programmes. "Many of those dashboards contain more than US$10,000 worth of second currencies, and often expiration dates are only a month or two away," says Jon Nordmark, CEO of UsingMiles. "Those individual dashboards give UsingMiles unique insights across multiple loyalty and rewards programmes, enabling UsingMiles to deliver personalized recommendations to members so that rewards are not left unused." Alexander Selegenev, Executive Director of TMT Investments PLC, commented: "With marketing firm Colloquy estimating that about 33% of the reward points earned by US consumers worth a total of $16 billion go unused each year, we believe UsingMiles is well positioned to become a leading universal 'second currency' management system across many sectors including travel, hotels, restaurants and retail, as well as other segments. UsingMiles is quickly expanding the number of partner loyalty programmes with which it has signed agreements and has an active monetization programme in place at various levels."
TMT Investments* (TMT) has acquired a 3% stake in UsingMiles Inc, a business providing its members with advice on how to use their reward points efficiently, for 250,000 dollars. The UsingMiles service currently has over 63,000 members and manages of over billion miles, points and credits which a estimated asset value in excess of 200 million dollars. For the twelve months to December 2011 the business reported a pre-tax loss of 2.32 million dollars and held net assets of 268,000 dollars. TMT shares closed unchanged at 1.475p.
Investment details As part of the agreement, and dependent on performance, TMT Investments has also agreed to acquire additional shares, which will bring its equity stake in Backblaze to between 13.33% and 19.05%, for a further $2.5 million. This will occur on the first anniversary of the transaction (24th July 2013). In addition, the agreement includes a number of rights - including pre-emption rights, liquidation preferences and board observer seat – and protections in favour of TMT preferred stockholders. Significant market opportunity With c. 46% of computer users suffering from a data loss incident every year, and 90% of these users in the US not regularly backing-up their data (source: Backblaze), the potential market here is significant. And with its offering currently being used in more than 100 countries and by a number of well known brands, we believe Backblaze is well positioned to become a
In a move to enter the sizable and fast-growing online data back-up market, TMT Investments has acquired an initial 9.86% stake in US-based Backblaze for $2.5 million. The venture capitalist continues to build a high quality and diversified portfolio of investments in companies that operate in high growth, internet based sectors. Accordingly, we remain confident that it has the potential to generate an attractive rate of return for shareholders. Backblaze Backblaze (www.backblaze.com) offers a service that automatically and continuously backs up data over the internet. The service - which generally costs around $5 per month and includes unlimited storage - is currently being used in more than 100 countries and by a number of well-known brands, such as IDEO, Crispin Porter and UC Berkeley School of Law. The company was founded by CEO Gleb Budman and his partners, all of whom have a history of building and selling internet-based businesses. For the year ended 31st December 2011, Backblaze reported a pre-tax profit of $202,471 and net assets of $2.17 million.
Alexander Selegenev, Executive Director of TMT Investments PLC, commented: "With its high-quality product and impressive growth rates, we believe Backblaze is well positioned to become a leading player in the sizable and fast-growing online data backup market".
Backblaze offers a service that automatically and continuously backs up all data from Mac- or Windows-enabled computers, over the Internet, to Backblaze's data centre. The Backblaze service is competitively priced, and generally costs US$5 per month per computer for unlimited storage. When users lose data, they can restore a single file, a folder or all their data by downloading it from any web browser. For an additional fee, users can request a hard or flash drive with their data to be mailed to them. Backblaze's competitive advantages include a user-friendly interface, a highly efficient cloud storage system and a recognised brand. Backblaze has individual and corporate customers in over 100 countries, for whom it currently stores nearly 40 petabytes of data on its purpose-built cloud. Such well-known brands as IDEO, Crispin Porter + Bogusky, ESET, Evolution Media, and UC Berkeley School of Law are customers and partners of Backblaze. Backblaze was founded by CEO Gleb Budman and his partners Brian Wilson, Tim Nufire, Casey Jones, and Billy Ng, who previously worked together for over a decade. The founders are serial entrepreneurs who have built and sold internet-based businesses and have a passion for developing powerful yet easy-to-use technologies that customers love. In respect of the year ended 31 December 2011, Backblaze's unaudited profit before taxation amounted to US$202,471,and unaudited net assets as at that date amounted to US$2,174,982.
Investment in Backblaze, Inc. The Board of TMT is pleased to announce the completion of an investment in Backblaze, Inc. ("Backblaze"). Incorporated in Delaware in 2007, Backblaze provides individuals and corporate customers with online data backup solutions. TMT has acquired 295,598 newly issued preferred shares, 7,478 existing preferred shares and 288,120 existing common shares, collectively representing 9.86% of Backblaze's fully diluted equity capital, for an aggregate consideration of US$2,500,759. In addition, TMT has agreed to acquire, on the first anniversary of the transaction, such number of newly issued and existing shares in Backblaze as will bring TMT's fully diluted equity stake in Backblaze to a minimum of 13.33% and a maximum of 19.05%, dependent on Backblaze's performance, for an additional aggregate consideration of US$2,500,759. The agreements between the parties include pre-emption rights, liquidation preferences, board observer seat and other rights and protections in favour of TMT customary for preferred stock holders. Definitive agreements for the transaction were entered into, and the transaction was completed, yesterday. Nowadays, photos, music, videos, documents and other data have gone digital and are stored on laptops and desktops everywhere. Based on Backblaze's research, approximately 46% of computer users suffer a data loss incident every year. Unfortunately, according to a study by research firm Harris Interactive conducted on behalf of Backblaze, 90% of these people in the U.S. do not regularly back up their data. Thus, this (often irreplaceable) information is permanently lost due to hard-drive crashes, software glitches, human error, and computers been lost or stolen. Backblaze's mission is to help computer users solve this serious problem.
http://www.investegate.co.uk/Article.aspx?id=201207250700084188I
Investment details TMT has made a $1 million investment in Wrike, which consists of a 12-month unsecured convertible promissory note at 8% per annum. Under the terms of the agreement, the outstanding principal and unpaid accrued interest of the note will be automatically converted into Wrike’s equity securities upon the earliest of the next qualified equity financing or a change of control in Wrike. Unless converted earlier, the outstanding principal and unpaid accrued interest of the note will be automatically converted at maturity into Wrike’s equity securities for a fully-diluted equity valuation of $16 million. Furthermore, TMT Investments will have the right to purchase Write’s equity securities sold in the next equity financing. Market opportunity Wrike is currently being used by thousands of customers (Source: company), including some very well known brands, such as ECCO, Deloitte, Adobe, EMC and Stanford University. However, as more and more people are made aware of this easy-to-use business collaboration platform, we feel that the number of users will increase significantly. In fact, with businesses and individuals always on the lookout for productive and cost-efficient systems to manage their work-tasks, projects and teams, we believe that the potential market here is huge.
14th June 2012 Analyst: Emanuil Halicioglu Email: emanuil.halicioglu@gecr.co.uk Tel: 0207 562 3368 TMT Investments – Investment in Wrike TMT Investments has made a $1 million investment in US-based Wrike as it looks to gain exposure to the fast-growing project management and collaboration software market. As the venture capitalist continues to build a high quality and diversified portfolio of investments in companies that operate in high growth, internet-based sectors, we remain of the belief that it has the potential to generate an attractive rate of return for shareholders. Wrike Wrike (www.wrike.com) is a full-featured and easy-to-use online business collaboration platform that connects tasks, projects, discussions, documents and other work-related information in one cloud-based workspace, in which teams of any size can productively collaborate. Founder and chief executive officer Andrew Filev has extensive knowledge of the software arena, having launched his first software company at age 18 and quickly growing it into a thriving international business. For the year ended 31st December 2011, the group reported a net operating profit of $39,441, and net assets of $24,327. The group has experienced year-on-year triple-digit revenue growth.