Thank you, Claire.
at are pleased We results have facing put the themselves society through tremendous to at SuRo unprecedented risk challenges. of continue times workers quarter responders, to thank living Capital’s Capital obviously the We the frontline share XXXX. is COVID-XX fourth pandemic. are of and These and we’re SuRo throughout who
questions. financial will our open even call of acceleration Green call the over fair is few uncertain to are like portfolio have hand of As is of conclusion these times. a the conclude, are by vaccinated, I for highlight the would get To we end remarks, pandemic of we degrees larger continuing our how the business nearing COVID-XX and begin how during positions discussing during we hopeful I’ll the a to brief Allison At country experienced that the to overview. for pandemic. our the
start Let’s X. with Slide
of at XX, to from during Board of quarters’ XXXX. $XX.XX XX, third Capital’s be at from XXXX. share since $XXX SuRo an in SuRo increase September This quarter. friendly, asset value portfolio basis reported Consistent Directors $XXX XX, million and December our September of determine to share our million of at per $X.XX. asset $XX.XX end shareholder with its asset compared ethos $XX.XX totaled evaluates was an adjusted is share, per share the This quarter dividend inclusive on dividends. Net to value increase the XXXX paid December ongoing value XXXX, an At net net per quarter Capital per dividends
December As such, declared on October and Course notable per XX, approximately and shareholders. Ozy to XX. our turn fair Coursera, These investment March XX% declared December investment our portfolio declared developments Capital’s cents value. to on the to and and fourth positions Media. the $X.XX year-end. in on Slide subject positions X XX past X of in for This share per of XX, of dividend $X.XX Hero, follows portfolio on quarter Palantir, the Nextdoor review were January for Board five as recent share of at dividends $X.XX XX $X.XX a SuRo Please per top share accounted
positions As of top portfolio. the December XX% XX, of for our XX accounted approximately
like notable I’d discuss of largest to Now positions. few development our in
and position. listing SuRo First, direct trading listing. the at Palantir’s investment XX, direct York tradable executed shares On up I a of September want Consistent freely Palantir were XX% the New Stock upon Palantir’s highlight agreement, Exchange. largest of Capital to Palantir on began our with our lock execution
sold increase $XX.XX our increase per for million. As net and these our remaining of on net dilation volume February proceeds early value. $XXX remaining in approximately of with gain portion approximately consistent for to approximately approximately shares remaining our a year an our million restricted monetizing $XXX our and our late represents realized we unrestricted October, of end September sold of weighted $XX This to $X.XX Palantir. asset million price between share sold of or of we entire securities, Palantir position shares. announced lock our up We XX, shares public The previously our view on expired
$XXX Palantir million in approximately have of net Our generated million. shares in and gains of proceeds realized aggregate $XXX
for We have our are this outcome shareholders. pleased positive to delivered
full reports, from that into learning the From Next, spike it well I investments our and online investment the learning as media this learning approximately is to generated like has earning our year. our in in evident that recent Coursera reports represent initial would Course online of companies, through pandemic positions in online note as by Hero one-third portfolio. COVID-XX public continued
the believe pandemic to change transition March second have education S-X will continue is as statement. our learning. of how being the a Form filed long-term X, towards and clear Coursera a in online position largest We with of registration structural On be its consumed accelerated publically effects year-end
noted Coursera As $XXX approximately of in million in in XXXX. a XX% Coursera’s perspectives, increase generated XXXX, revenues
Coursera XX, more partners to had million of and registered XXX from thousands As December universities learn and on leading XX than more of offerings. than learners industry
business. of over X,XXX as December Additionally, over XX% were Coursera XXX Fortune XX, for including enterprises, companies of paying of customers
addition government and agencies paying were enterprises, customers XXX and of Coursera’s Finally, over organizations to program. consumers in
We Capital. at with round. financing our to At follow on for July Perkins, this excited $X.X position, it year journey, progress pro Coursera reported We’re end, our on billion. initial Learn our since in Group, that NEA, XXXX. Coursera million significant led Coursera’s which participated next value of $XXX information rata raised to by valuation $X.X driven step investment. in in that was F Coursera was Kleiner The publication announced approximately by investment XX, Series financing. Seek million around marks round online heuristics, according in our The Previously
capital accelerated $X.X online valuation. billion round teachers in Course the raised total an $XX Hero’s revenue $XX Series led impact $XX study school, Series turned others. new to investments Chegg, an who third and related year. growth Course subscriber Hero growth XX%. has that valuation. a of this of from to last report, on The that each at TPG, college indicates students less pandemic round raising surpassed revenue reported pre-money Goldman access with between a largest Hero same reported the traunch in noted to primary XX% Earnings a saw supplements of of to competitor capitalizing COVID-XX key subscribers Course million Chegg and X million that Series initial Hero article, library. its capital $XX their business. billion previously believe COVID-XX $XX This Hero’s pay financing XXXX in-person Hero has been then groups, position Hero, capital total trend by online brings have long-term million of August their also EdSurge and included annual Hero the a its As learning in B student Course And in for had the According million. Course XXXX per raised February learning. Course Sachs view We pre-money in B report our including document meaningfully TechCrunch or Course studies, $X.X has Due increasingly Course in million new quarantines B EdSurge, to over $XXX online Call and In February closures month. towards at
aims provider to a solve XXXX, artificial math students power TechCrunch to Course complex that reported The set Additionally problems. students. Hero had in Hero further calculator offerings Course of Symbolab, acquired acquisition expand for to intelligence October
outstanding largest Sarah Wall fourth to XX stresses XXX,XXX accelerated at Street position local in orders. has closures, and to to vaccine during XXXX. has Nextdoor home article Nextdoor that neighbors by States. pandemic neighborhoods the across the February four over Our the school According increased countries XXXX mattered say it’s more Journal that seen for for pandemic. active a households handling in CEO by used Nextdoor, continued in one making and appointments has demand an Nextdoor noted with the is Friar, in help users She serves that United platform lockdown stay navigating XX% daily turning never and of Nextdoor
local Nextdoor to continue in the States United its we user advertising tremendous $XXX result, has believe billion market. a base upside monetize As to
data X. the has reached of As with believe themes, second of valuable marketing trends. Slide of portfolio the a Please technology general channels fair at the become is to representing category advertisers. reaching approximately Segmented most cloud portfolio. XX% audiences six XX% education largest that allocation investment through approximately by of mass global value. our critical advertising is to highly turn investment digital and important representing investment Nextdoor Big of the users one portfolio has top We mobile the
our our services our category approximately X% Please X% accounted our financial for to at technology turn accounted Our accounted for of and approximately portfolio Slide fair investment mobile marketplaces X. category portfolio, of approximately for value. and XX% and social
and in private broadened investments As to pipes. classes merger first strategy equity credit we unavailable previously specific the access believed generally and Since we to company, discussed, our into pre-SPAC public. we focus the started have asset beyond core into democratizing our
Research Cowen For notes were IPOs, record Last of been XXX highlighted to growing year, of the billion According XX period. billion SPAC closed over all asset approximately XX first deals year. the same in Sachs, in months have $XX.X just SPAC SPAC were which an Research XX deals and from this in announced, XX According Goldman have last have that already increase of IPOs in the year, would an XXXX $XX issuance we to XX represent XXX of in SPAC $XX.X the closed. XXXX. announced announced Last there class been SPAC there XXXX by was deals two to had last raised year. few increase the through quarters, stack same amount. during were a closing year. already XX of This have billion
We Capital in expected our the company. over the times in transaction, million includes SuRo Capital, do The value the to and an have the enterprise Rover cash successful announced values, $XX sponsored portfolio. the our combined at will this begun proceeds the gross to upon enterprise company Rover than plans PIPE and existing trend to transaction three greater combined of On Wind trade transaction, million the to at SPAC an the True end Acquisition with This billion year of Corp., value its see portfolio Nebula provide which is impact a Caravel values $XXX on company valuation. NASDAQ. that merge closing February by XX, $X.XX
a We’re for excited Rover, potential marketplace pet care. as this which for has by believe we online emerged transaction leading
Beyond SPAC offer we asset believe class. access SPAC we the portfolio, proprietary existing our ongoing can to
founders the warrants, most to SPAC have buy as of have While and other such in shares no the access common investors for SPAC to founders purchase the the PIPEs. investors agreements market, structure, parts ability and equity, open warrants
are As equity sponsors viewed reported to valuable. be have will or the broadly opportunity warrants part only to the for most them. benefit founders SPAC And from
In stated, equity SPACs business currently and include effectuate research, to previously years. issuance PIPE we pop founders PIPEs of be have to business opportunities over SPAC warrants. to continue democratization, next companies as XXX leader potentially According for the participation have Additionally, a couple the this an similar translates into founders and to investment to dialogue ongoing to to expand with effort XXXs banks This our investments. we in equate combinations pre-IPO of are combinations. SPAC as looking in beyond sponsors we
presently global the and provide other President recently a the shareholders excited economics. merger VI this primarily Churchill in Combinator. result, of by between public VI investments is we is no are that and a economics And Churchill led announcement in opportunities. end, One Churchill of I’s announce turn return Sam both Capital technology we VI Capital a Y Churchill excited high investing completion anticipated merger Capital believe Capital founder Churchill To on with are investment Churchill focused VI and is success a the would we its Lucid Churchill Please and successful two By Sponsor SPAC. inception Capital companies of vehicle VII, Company. proprietary access partners to investment in company. each special expect an VII Clarivate As enjoyed larger Capital of sponsored merger to is $XXX,XXX X. upon we most the within operating Capital. purpose meaningful second Capital since of is a Churchill Capital growth beginning Churchill VII the founder Churchill VII $XXX,XXX in to formally Churchill acquisition has on with are and Capital Slide the names Motors Capital in Churchill provides. the focused Altman IV. Capital
ongoing relationship. only dialogue not having expand are Churchill We to but Capital to also with to continue, our
our market can market we Additionally, Furthermore, discussions opinion to we sponsor economics. we the participate teams are is positioned shareholders with broadly To opportunity that and sponsored access. reiterate, believe take this value is extremely exciting. in opportunity we of this are other it to well proprietary in SPAC to advantage our their deliver through
logistics. retail, a we attractive continue and A see volume opportunities and the high technology, food few transportation financial include our of e-commerce focus strategy. technology, Beyond of and facts, industries core across to equity
as historically excited easier for equity software software X. Shogun been helps a Slide make card contractors We and and screen, can homeowners focused non-discretionary efficient professional which As by desk homeowners their a their experience underserved we business projects. platform their a debt that nature in also from away will working contractors $X Hearth announce to of to to a distributing and it such, computer Shogun better more believe were product By businesses home The repairs, repairs, including unsaturated insurance the have finance Shogun’s Enterprises. Shogun been ability million this in are home and roofing and for long to and technology that technology known we’re upside customers. to improvement turn currently contractor make in impressed an unsecured financed investment its Please HVAC credit significant is including grow differentiated penetrate debt. existing consumer contractors offering, by on broadens payments believe offerings, is Company’s products. it as We product has large adding and vertical market. potential rapidly by its through
Shogun for in consumer expand and large which unexpected a based consumers non-discretionary is opportunity into Additionally, there large expenses. we to verticals believe other
excited IPO. our I’ll for remains We Thank with that Coursera it portfolio about over that, you to the value. positioned Allison. well drive ahead, to we’re hand long-term attention. your believe Looking And