Overview
A global technology platform focused on family safety and location-sharing services, supported by a recurring revenue model. Regal participated in the company’s pre-IPO funding round in 2018 and remained a long-term investor.
Key Investment Details
- Sector: Technology / Consumer Software
- Geography: Global
- Investment Vintage: 2018 (pre-IPO)
- User Base: More than 90 million monthly active users based on publicly available information
- Revenue Profile: Revenue growth supported by subscription and advertising monetisation initiatives
Context
Regal identified the business as an opportunity for investors to gain exposure to a global technology platform at an early stage of its growth trajectory.
Investment Opportunity
The investment thesis focused on a business with demonstrated product-market fit, scalable platform economics and multiple monetisation pathways.
Key considerations included:
- Global customer reach: User presence across a broad international footprint
- Recurring revenue model: Subscription revenues supporting visibility of future earnings
- Monetisation opportunities: Potential expansion across subscription products, advertising and additional services
- Platform scalability: Large user base with opportunities for increased engagement and monetisation over time
- Customer engagement: Ongoing user retention and platform utilisation supporting long-term growth potential
Outcome
- Platform expansion: Continued growth in users and revenues over the investment period
- Operational progress: Improvement in cashflow generation as the business scaled
- Revenue diversification: Expansion of subscription and advertising revenue streams
- Portfolio positioning: Regal increased exposure during periods where it believed market pricing did not reflect the company’s long-term growth potential
Conclusion
This investment highlights Regal’s long-term investment approach, research capability and willingness to support businesses through multiple stages of growth.
This information is prepared by Regal Partners Marketing Services Pty Ltd (ACN 637 448 072), a corporate authorised representative of Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222). All investments contain risks. Past performance is not a reliable indicator of future performance. You should read the Information Memorandum (including the key risks) applicable for the relevant Fund, and consider obtaining professional investment advice tailored to your specific circumstances, before making any investment decision. Any investment in a Fund will be solely on the basis of its Information Memorandum (as updated and amended from time to time).
