DCSX has approved on September 27, 2021, the tradeable listing of 100 shares (membership units) of Cloud Republik LLC (DCSX Symbol: CRLC). The mandated Listing advisor is Management Services Investa B.V. in collaboration with PYGG Corporate Finance B.V.
Cloud Republik LLC was incorporated on the 2nd day of May 2019 under the laws of the state of Wyoming, USA. The Company management determined the activities to be the holding of participation in other companies. Cloud Republik holds 51% of the share capital in Emidey S.A., an investment company incorporated under the laws of Uruguay. Last year, Emidey sold its principal asset being 60.5% of the shares in Grupo ASSA Worldwide, a Spanish-based renowned global technology organization, founded originally in Buenos Aires in 1992, to Globant. This strategic buyer has been rated as a global digital leader by JP Morgan, with sales of $1 billion and growing consistently at +22% for the past several years. As a result, Emidey developed a long-term balanced investment strategy with the proceeds derived from the sale to Globant, a part of which included the creation of a Venture Capital firm, to capitalize on opportunities in new dynamic innovative technology companies: White Lion Digital Ventures (“WLDV”).
WLDV was incorporated on the 2nd day of October 2020 under the laws of the British Virgin Islands. WLDV to date provided venture capital to three start-ups: 2 in the USA and 1 in Uruguay. The main strategic focus for WLDV for the next 3-5 years is Investment Management and Advisory Services. WLDV will participate as an “early-stage investor”/venture capitalist in technology startups originating in Latin America, that have the potential to scale up to the US and global markets. Company target returns on the future sales of the portfolio companies are expected to be at least 3x the original investment cost over the next 5-7 years.
The company’s primary interest to list these units is to prepare itself for a possible future round of issuance of additional units during a capital raising round.
Further details about the fund can be found on our Markets page under Fund Symbol CRLC.