From the beginning, we’ve been selecting promising projects for the Rockaway Ventures portfolio – as evidenced by the fact that a few days ago Czech FinTech startup BudgetBakers received an investment of almost CZK 160 million. In my view this is excellent news, and so I’ve decided to share a few details from the background of the entire story.
online magazine mapping the most important news from the portfolio of the investment group Rockaway Capital
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Czech FinTech start-up BudgetBakers, developer of the Wallet and Board applications and in which the ventures division of the Rockaway Capital investment group invested in 2017, has received an investment of almost CZK 160 million (EUR 6.25 million) from Jasper Anderluh and Niels Klok, co-founders of European on-line broker DEGIRO. The investment aims to support further growth of BudgetBakers on the European market, not only through development of the Wallet application itself, but also to make BudgetBakers technology accessible to third parties via an API.
Software that runs in the background of a banking application to check whether someone is trying to steal your money – this is a product from Brno startup ThreatMark. We talked with Michal Tresner, its CEO, about expanding to America and what’s behind the scenes of modern on-line security.
In 2005 UN Secretary-General Kofi Annan first presented the United Nations Principles of Responsible Investment (UN PRI) at the New York Stock Exchange. These principles are based on the conviction that problems related to the environment, social aspects, and corporate governance (ESG) can affect the performance of investments. Institutional investors should therefore be obliged to take them into account in their investment decisions and not just look at the traditional financial and operating indicators.
With the help of the Rockaway, Mergim Cahani is developing the internet economy in the Balkans. The current situation, which favours on-line shopping, is one of the reasons why his Gjirafa content and e-commerce platform overtook plans by an entire year.
Soon it will be six years since Rockaway entered what for us was a hitherto unexplored market – the Balkans. And back then we followed our motto, “hic sunt leones” to the letter. In this commentary I’ll show you what the Gjirafa experience taught us, what’s key when you decided to build a business in a country you know nothing about, and what you should watch out for in the Balkans.
Elon Musk is now the richest man on the planet – Tesla shares are skyrocketing and aren’t showing any signs coming back down to earth. And even though others have already caught up to the quality of its cars, Tesla still has one more “young and restless” ace up its sleeve.
The Rockaway Capital investment group is sending another of its start-ups out into the world and selling its stake in the Techloop.io tech start-up, in which it invested in 2017 and 2018. Techloop will become part of LMC, which is part of the Finnish Alma Media Group. Both parties agreed to refrain from providing details of the transaction.
Tech startup Storyous, which is part of the portfolio of the Rockaway Capital investment group and provides cash register systems and operations management to restaurants, has a new strategic investor: SaltPay, a leading European FinTech player that provides innovative and complete payment solutions for businesses and a related payment eco-system.
Brian Chesky in a suit on the front page of the Financial Times: yes, it’s here, the long-awaited, then postponed and now re-announced Airbnb IPO on NASDAQ, at a share price of U$ 68. Through this emission, the company will receive U$ 3.4 billion, giving the company a total market cap of U$ 40.6 billion. Seven percent of shares will be allocated to the hosts who rent their apartments, rooms, villas and wigwams through Airbnb. That’s of course a smart move that will ensure their loyalty to the platform and a stable selection of accommodations for guests.
