SyndicateRoom, an online investment platform that was recently acquired, has distributed an email touting a portfolio company that has experienced an 11X increase in valuation.
SyndicateRoom offers access to private firms via a portfolio model. The company tracks the most successful professional investors to help guide their investments. The company then creates a fund of private securities made available to private investors. The strategy is similar to what venture capitalists do – accept that many investments will not do well, but some will deliver outsized returns more than compensating for duds.
According to SyndicateRoom, Nivoda, an online diamond marketplace, saw its share price increase by 484% since the Biannual Report published in November. In total, Nivoda’s share price is now up by 1,162% compared to when SyndicateRoom invested in 2020. Since its founding, Nivod has raised £76.2 million from investors in multiple funding rounds.
Nivoda CEO and co-founder Dave Sutton explains that the diamond trade still operates in a fragmented way. They aim to access the global supply chain to transform a centuries-old business. Nivoda offers sellers a platform to purchase diamonds from all over the world.
Importantly, Nivoda qualifies for EIS tax relief, which boosts investors’ overall returns. An example provided by the platform explains that a £5,000 investment in Nivoda in 2020 would be worth £63,910 if the company were to exit today. Add this to the EIS exemption and investor returns can be even higher.
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