- Current price
- $29.24
- Min Amount
- $32
- Earliest start
- 31 Dec 21:00
Invest in Algolia
When you visit sites like Lacoste, Coursera, Twitch, or Under Armour and use search, you use Algolia. The company's product is something similar to a Google search for individual sites.
Algolia provides a search engine API that works across platforms and devices. Algolia's API aims to allow developers to build, optimize, and personalize search and discovery experiences for their users.
The company was founded in 2012 and has offices in Paris, San Francisco, Atlanta, New York City, London and Tokyo.
Companies are adopting enterprise search to improve their operational efficiency by controlling large amounts of data. Global Enterprise Search market size stood at $4 billion in 2020 and is projected to reach $6.8 billion in 2026 with expected CAGR of 13.6% in terms of revenue.
Algolia handles over 1.5 trillion search queries per year. The company serves more than 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste.
Algolia faces strong competition from a number of firms, including its closest rival Elastic. This may negatively affect its long-term viability and valuation.
In July 2021 Algolia raised $150 million from Lone Pine Capital, Glynn Capital, Fidelity Management and others at a valuation of $2.25 billion, which corresponded to $29.25 price per share. Compared to the Series C round from October 2019, the company’s valuation has more than quadrupled. It means that Algolia is now a unicorn with a valuation above $1 billion. Since its inception Algolia has raised $334 million in funding over 9 rounds.
The CEO reported revenue in 2018 amounted to $40 million with GAGR 100%. Now the company doesn’t share revenue numbers directly, but says that its annual recurring revenue has increased by 180% year over year.
United Traders analysts are in continuous search for OTC offers studying financial reporting, companies’ businesses, their future plans, analyzing them as potential acquisition targets or estimating prospective multifold capitalization increase as well as considering risks that may hinder business growth. The best ideas are offered to our investors.
As part of our service for purchasing shares on the over-the-counter market (pre-IPO, OTC), for its traders and investors United Traders buys units in funds that own equity stakes in private companies. These funds make early-stage investments in private companies or acquire equity stakes from employees of such companies.
United Traders will have shares at its disposal after the IPO. The shares can be sold after the established 6-month Lock-up period. Alternatively, the shares can be hedged for the above period. Prior to the company going public United Traders look for exit options in the OTC market. If we find a great offer, we sell the shares.
After the Lock-up period is over, the investment in pre-IPO or OTC will be automatically closed, and generated profits are credited to your account less the applicable UT fees. We offer an opportunity for investors with over $100,000 invested in a specific idea to search for a counterpart in the OTC market individually and to take profits before the company goes public and thereby exiting the trade prior to the Lock-up period expiration.
Although it is prohibited to sell shares within the Lock-Up period, our traders find ways to take profits for our investors using various financial instruments: forwards, options, short selling trades, etc.
For an investor the above means that the pre-IPO or OTC investment may be exited after paying a part of its value, usually around 15% which is caused by highly-priced instruments used to close the position. To do so, you should press the respective button in your members area as soon as it becomes active.
The exiting process is similar to making a new investment. You submit a request, we execute it within 1 business day, and your investment is closed at the current exchange price.
ENTRY FEE
3.5% of the share purchase amount. The fee is charged at confirmation of your investment bid.
EXIT FEE
0.5% of the share sell amount after the trade. The fee is charged at the investment exit.
SUCCESS FEE
20% of the profit gain. The fee is charged only if the trade is profitable at the time of exiting.
EARLY EXIT FEE
Usually a 15% fee is charged subject to the actual situation at the exchange. The fee is calculated individually for each investment.
WE ARE A RELIABLE PARTNER
Our risk managers will support you throughout the entire transaction life.
HIGH PROFITABILITY
Venture investing is very risky as they involve new or growing companies, and multifold increase in capitalization is expected. We prioritize companies at the pre-IPO stage as they already demonstrate strong financial indicators and plan to go public soon. This approach allows limiting hyper-risks related to insolvency of new companies and substantially increasing profits as compared to investors who buy shares through a subscription just before the IPO.
LOW ENTRY THRESHOLD
To buy the OTC stocks, one would need millions of dollars. We gathered a pool of traders and investors allowing everyone interested to join similar transactions with as much as $10.
United Traders is experienced in minimizing risks but a future investor should be aware of all risk types:
- Illiquidity. There is a possibility that early exit from this investment will take more than 1 month.
- Asymmetric information. Management and current investors have access to more internal information about the company than other market participants.
- Time uncertainty. There is no information regarding next financing round or exit strategy timeframe (IPO or M&A).
- Share dilution. The issue of additional shares by a company may reduce the value of shares of existing investors.
