TempoCap nets 11x on Depop Secondary Exit

10 June, 2021

A brilliant piece of coverage for the TempoCap team as Secondaries Investor recently wrote about the recent Depop acquisition and TempoCap’s investment in this fantastic business.

As our Managing Partner, Olav Ostin, articulated in the piece, “TempoCap has made its third exit in as many months, and this deal is the largest venture-backed acquisition of a private technology company in the UK since 2019.

Olav further stated, “TempoCap initially invested through a primary funding round before ‘cleaning up the cap table’ via three direct secondary transactions. The firm was among the six largest investors in Depop’.
In addition to this, the article highlights that the transaction marks the third liquidity event in TempoCap’s portfolio in as many months, following last week’s announcement from Acorns that it plans to go public in a $2.2 billion SPAC and Talentsoft’s proposed acquisition by Cegid, announced in April. These three deals combined, alongside previous exits, should mean that TempoCap will have returned 100% of the capital invested across its entire portfolio since inception in only five years.

Read more: Secondaries Investor

Source: Secondaries Investor

TempoCap is a signatory to the United Nations-supported Principles for Responsible Investment (PRI).

Stay in touch with the TempoCap team

Subscribe to our quarterly newsletter to receive news from TempoCap and our portfolio

You may unsubscribe from these communications at anytime. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, check out our Privacy Policy.