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🇮🇳 India 1 memo 🇺🇸 United States 1 memo 🇨🇳 China 1 memo 🇯🇵 Japan 1 memo 🌏 SE Asia 1 memo 🇪🇺 Europe 1 memo 🌎 LatAm 1 memo 🌍 MENA 1 memo
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Published investment memos

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🌎 LatAm · Mexico · Fintech
Issue #07
⬆ Invest

Plata

Built by the Tinkoff team. $5B valuation, $600M+ ARR, full Mexican banking licence. Issuing 10% of all new credit cards in Mexico in three years.

Annualised Revenue$600M+
Active Users3.5M+
Valuation$5B
StageSeries C
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🇪🇺 Europe · France · AI
Issue #06
⬆ Invest

Mistral AI

Europe's answer to OpenAI. $400M ARR, 20x growth in 12 months. ASML invested €1.3B. Data sovereignty moat no US company can replicate.

ARR$400M+ (20x YoY)
Valuation€11.7B
Total Raised$3.05B
StageSeries C
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🌏 SE Asia · Physical AI
Issue #05
⬆ Invest

Eureka Robotics

Teaching robots to do what only human hands could. Toyota, Denso, and Pratt & Whitney are already customers. 25M+ precision operations completed.

Total Raised$14.8M
CustomersToyota, Denso, P&W
Operations25M+ completed
StageSeries A
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🇯🇵 Japan · Clean Energy
Issue #04
Watch

Kyoto Fusioneering

Building the engineering backbone of commercial nuclear fusion. $191M raised, backed by In-Q-Tel and Japan's largest power producer.

Total Raised$191M
Key ProjectFAST (2030s)
Investors36 (incl. In-Q-Tel)
StageSeries C
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🇨🇳 China · HealthTech
Issue #03
Watch

WeDoctor

China's largest AI-enabled healthcare platform connecting 240M patients to 320,000 doctors. Revenue doubled in H1 2024. Pre-IPO, HKEX filing.

H1 2024 Revenue¥1.82B
Users240M+
Valuation$7B (2022)
StagePre-IPO
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🇺🇸 United States · Enterprise AI
Issue #02
⬆ Invest

Glean

The enterprise knowledge layer turning 200+ fragmented SaaS apps into one context-aware AI brain — $200M ARR, doubled in 9 months.

ARR$200M
Valuation$7.2B
ARR Growth2× in 9mo
StageSeries F
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🇮🇳 India · AdTech
Issue #01
⬆ Invest / Hold

Affle 3i Limited

India's dominant mobile AdTech platform riding the CPCU model — 3.9B devices reached, 70% international revenue, near debt-free, backed by Microsoft.

FY25 Revenue₹2,360 Cr
Market Cap₹19,100 Cr
Intl Revenue70%
StageListed · NSE
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Mkt Cap
Affle 3i
🇮🇳 India
INVEST
₹19,100 Cr
Glean
🇺🇸 US
INVEST
$7.2B
— Coming Week 3 —
🇨🇳 China
INVEST
$–
— Coming Week 4 —
🇯🇵 Japan
PASS
$–
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