As at end 2023, Perivoli Innovations had made over sixty investments starting in mid 2016. Subscriptions have been made in over 220 funding rounds, some of these into down rounds, with the Trustee generally willing to follow-on.
Three have already exited returning 4x over a four year holding period on average with the proceeds reinvested. Nine have been written down to zero. They say the lemons fall before the plums.
Several of the earlier names have pushed through USD 100 million valuations and several of the recent additions are showing promise. It is impossible to know from one day to the next what will come to pass but we are hopeful that there will be more than enough to fund the Perivoli Foundation’s ambitions.