The newsflow in the gaming industry remains extremely supportive, to say the least. Last week, Nvidia commented that demand for its graphics cards was significantly exceeding supply and Ubisoft announced that its latest Assassin’s Creed title was the biggest first-week seller in the franchise, suggesting that consensus relatively low expectations for Assassin’s Creed Valhalla are…
Electric Vehicles (EVs) are all the rage right now, especially since Biden’s election victory and the recent stellar quarterly results from leading pure play EV manufacturers like Tesla in the US and XPeng and Li Auto in China. The upcoming electrification of all vehicles (cars, buses, trucks, forklifts…) keeps on attracting many startups with the…
If one needed fresh evidence that hydrogen technologies are commercially ready and on their way to profitability, Plug Power, our largest portfolio position, provided it last week as the fuel cell maker reported 80% revenue growth to $107m in Q3 and a 19% EBITDA margin, way above consensus expectations and already close to its 2024…
The roller-coaster ride is set to continue for Beyond Meat, one of our largest Food Revolution positions, with significant disappointment and confusion last night following the company’s Q3 earnings report and McDonald’s announcement of its MacPlant burger (initial perception was that McDonald’s would develop plant-based burgers on its own). Even if we understand the short-term reaction,…
There’s definitely a lot of excitement around liquid biopsies and genomic testing, as illustrated by the acquisition announced today of Thrive Earlier Detection for up to $2.15bn by Exact Sciences. This transaction follows the $8bn purchase of Grail by Illumina a few weeks ago and that of ArcherDx by Invitae for up to $1.4bn in June.…
HelloFresh, the leading German online mealkit provider, just pre-announced impressive figures for Q3 with revenue expected up 120% to around EUR970m (vs. EUR836m initial guidance) and EBITDA expected to rise 7x to around EUR115m (vs. EUR73m initially). The company raised its full-year guidance accordingly, now forecasting 95%-105% revenue growth vs. 75%-95% previously. The read-across is…
Restaurant closures, bankruptcies, reopenings with restrictions… The restaurant industry has had a pretty rough time, to say the least. And things should remain difficult in the foreseeable future as Covid-19 doesn’t seem in a hurry to go away. In spite of this adverse environment, we have been investing in various restaurant software names since day…
We have built a material exposure to Brazilian Fintech names over recent months, considering that Brazil was likely to accelerate its digital shift as it was and still is one of the most severely pandemic-hit countries. The bet is paying off as confirmed last night by the impressive Q2 metrics reported by StoneCo, which offers…
In early July, we commented that Livongo was arguably one of the most attractive assets in the Digital Health and Nutrition Tech space and was likely to attract takeover interest. Well, we didn’t have to wait long to see some M&A action as Livongo and leading telemedicine player Teladoc announced their merger today in a…
After more than 20 years covering the Technology and Innovation space, we didn’t think we would one day spend some time researching companies offering lawn and garden products… Here we are, investing in the Scotts Miracle-Gro, a US company that spotted the hydroponic trend at an early stage and became, through its Hawthorne division, the…