In this article we will take a look at Balaji Srinivasan’s top 5 investments, portfolio and ideas. You can skip our detailed analysis of these companies and go directly to Balaji Srinivasan’s Top 10 Investments, Portfolio and Ideas.
5. DigitalOcean Holdings, Inc. (NYSE: DOCN)
DigitalOcean Holdings, Inc. (NYSE: DOCN) is a New York-based cloud computing platform that has data centers all over the world to help provide developers services they need to scale applications. The company was founded in 2012 and received the backing of Srinivasan in venture capital. It managed to raise more than $455 million in funding before going public, including $50 million in May 2020. Andreessen Horowitz and Access Industries were leading investors in the startup before its initial public offering last month.
DigitalOcean has a market cap of more than $4.2 billion and it posted more than $318 million in revenue in December 2020. The shares of the firm sank in the first few days after the IPO but have since bounced back and stabilized. The cloud services market is highly saturated with big players like Amazon already controlling a huge chunk of the market. However, DigitalOcean aims to compete with these big players by offering a superior quality of services that are at the core of its business philosophy that stresses the importance of simplicity in everything.
4. Omada Health
Omada Health is a San Francisco-based digital health company that offers personalized health plans to make it easier for users to reach their health goals. The company combines data-powered human coaching, connected devices, and curriculum suited to specific circumstances to help users build healthy patterns for life. It was founded in 2011 and has managed to raise more than $256 million in funding since then, including more than $50 million in the latest round in May 2020.
Perceptive Advisors and Intermountain Ventures are lead investors in the firm. Srinivasan’s Andreessen Horowitz is also an investor in the startup. The company has a post-money valuation of up to $1 billion. In May last year, the firm acquired musculoskeletal care company Physera for $30 million. The competitors of the company include Ovivia, Blue Mesa Health, and Teladoc Health, Inc. (NYSE: TDOC). Teladoc has a market cap of more than $28 billion and posted more than $1 billion in revenue in December 2020.
3. Axoni
Axoni is a New York-based capital markets technology firm that specializes in distributed ledger infrastructure. The products offered by the company include blockchain deployments. It was founded in 2013 and has managed to raise more than $90 million in financing since then, including more than $31 million in the latest round in February 2021. Nyca Partners is a top investor in the startup that has a post money valuation of up to $500 million. Srinivasan has also backed this firm with venture capital.
In 2020, Forbes magazine named the company in the list of top fintech companies in the world. Social network LinkedIn has also named Axoni on a list of the most sought-after startups globally. The competitors of the firm include BlockStack, BlockApps, and Oracle Blockchain Platform, owned by Oracle Corporation (NYSE: ORCL). Deutsche Bank is one of the investors in the startup as well.
2. Medisas
Medisas is a California-based firm that offers a next generation hospital information system. It was founded in 2011 and has since raised more than $10 million in funding, including $8.5 million in the latest round. Khosla Ventures is a leading investor in the company. The firm aims to bring together medicine, design, and engineering to create a new type of information system for healthcare providers that is useful across the industry. Srinivasan has backed this firm with venture capital as well.
Medisas is also experimenting with moving healthcare data to the cloud as 5G services roll out across the country, providing doctors easy access to patient files wherever they may be at a certain time. The firm has a revenue that exceeds $3 million and its main competitors include Mobile Heartbeat, Perfect Serve, CareCloud, Nuesoft Technologies, and Indiana-based telemedicine firm Anthem, Inc. (NYSE: ANTM).
1. Teleport
Teleport is a California-based internet platform that runs an online database for location information that enables users to find suitable cities to live and work according to their personal preferences. It was founded in 2015 and managed to raise more than $29 million in funding before it was purchased by MOVE Guides for an undisclosed sum. The internet platform had more than 250,000 users before it was absorbed into MOVE guides.
The potential competitors of Teleport included Zoom Video Communications, Inc. (NASDAQ: ZM), Microsoft Teams, Google Hangouts and Skype, as well as several other technology firms. Srinivasan was a founding member of the firm in 2014 and also provided it with venture capital. The software developed by Teleport now helps companies move employees around the world based on personalized data.
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