IGUAKO Capital is a work of institutional fiction by the Iguako Institute for Applied Unreality. No financial services are offered, no accounts exist and nothing here is an offer, a contract or advice.About this work
George Town · 36 cities · English Domiciles Documents Iguako Network Site Index
Capital
Enquiries

Sector · Deployment

Technology.

Technology at IGUAKO Capital means applied engineering with a paying customer at the point of entry. The firm does not fund discovery, pre-revenue software or anything whose value depends on a future funding round. Every position sells a working product into an industry the firm already understands, which is usually manufacture, logistics or the laboratory.

Exposure
US$66 million across 4 positions
Positions
4
Divisions
3
Regions
3

Thesis

Applied technology inside a known industry removes the two risks that make technology investing expensive: unproven demand and unproven engineering. IGUAKO Capital buys revenue, not roadmaps. The positions are held for cash generation and for what they teach the origination divisions about the plants, laboratories and cold chains the firm already owns.

Private EquityInformation & DataInvestment Banking

North AmericaAsia-PacificEurope

The 4 positions total US$66 million. One supplies plant control and batch record software to regulated manufacturers. One builds laboratory information systems for testing houses. One schedules and tracks temperature-controlled logistics. The fourth designs instrument firmware and sells it with the instruments. All four count portfolio companies of the firm among their customers. Each business was profitable in the year before completion.

The Ethics & Technology Council reviews every technology position before completion and once a year afterwards. Proportionate automation is the test applied. Automation is funded where the cost of an error is understood and priced, and refused where it is not. Two products were required to add a human review step as a condition of investment.

Themes

  • Plant control and batch record software for regulated manufacture
  • Laboratory information systems for testing houses
  • Scheduling and tracking for temperature-controlled logistics
  • Instrument firmware sold with the hardware
  • A human review step where error cost is uncertain

Case studies

1 in this sector.

Insights

Research on the sector.

Technology: sector briefPDF · 5 KB · Sector briefs