In this article, we discuss 5 best stock picks and investments of billionaire Chamath Palihapitiya. For Palihapitiya’s investment philosophy and his comments on certain stocks please see 10 Best Stock Picks and Investments of Billionaire Chamath Palihapitiya.
5. Lema21
Lema21 is a Brazil-based eyewear company that offers a wide array of digital services to customers. It was founded in 2012 and managed to raise more than $4 million in funding before being purchased by competitor eÓtica in 2015. The merger of two of the biggest players in the multibillion dollar eyewear industry in Brazil hit the business of retailers. Lema21 had been competitive in the Brazilian market because it offered lower rates for imported products.
Jonathan Assayag and Naomi Arruda, two Brazilian businessmen, started the company after the US, where they had been living, went into recession. As they returned to their home country to look for new opportunities, they combined their tech skills with luxury brands awareness and tested a new eCommerce model in the Brazilian Market. The company features 5th on our list of top 10 best stock picks, investments, and portfolio of billionaire Chamath Palihapitiya.
4. InstaEDU
InstaEDU is a California-based online tutoring platform for young children. It was founded in 2011 and managed to raise $5.1 million in funding before being purchased by Chegg, Inc. (NYSE: CHGG) for $30 million in 2014. Chegg, which started out as a textbook resale forum, transformed itself into an online learning hub with the acquisition of InstaEDU. InstaEDU was one of the first firms offering online learning to students from all over the globe.
Chegg has since grown to a market cap of over $12 billion and posted more than $644 million in revenue in December 2020. In February, the firm raised more than $1 billion in an equity offering. With the advent of the COVID-19 pandemic in 2020, the shares of the company have been soaring. With school re-openings still uncertain, the stocks of the firm continue to rise. It is ranked fourth on our list of top 10 best stock picks, investments, and portfolio of billionaire Chamath Palihapitiya.
3. Cozy
Cozy is a Portland-based online real estate firm that offers landlords and renters digital solutions to managing their relationship. The company markets renter’s insurance, online payments, screening reports, and rent applications. It was founded in 2012 and managed to raise more than $18 million in funding before being purchased by Washington-based commercial property firm CoStar Group, Inc. (NASDAQ: CSGP) in 2018. CoStar valued Cozy at $68 million and integrated it into its own online real estate system.
The CoStar Group has a market cap of more than $34 billion and posted more than $1.6 billion in revenue in December 2020. Last month, the commercial property firm made a $450 million bid for property data and analytics firm CoreLogic to cement its status as the premier digital real estate firm in the US. Cozy thus features 3rd on our list of top 10 best stock picks, investments, and portfolio of billionaire Chamath Palihapitiya.
2. Coolan
Coolan is a California-based crowd-sourced predictive data analytics firm that was founded in 2013 and purchased by salesforce.com, inc. (NYSE: CRM) in 2016. Coolan used big data analytics and machine learning to help businesses make decisions about data and hardware solutions. Salesforce used the technology marketed by Coolan to improve its own infrastructure before integrating the firm into the parent company.
Slaesforce has a market cap of more than $203 billion and posted a revenue of more than $21 billion in January 2021. Since the purchase of software firm Slack, the shares of salesforce have been surging. Earlier this week, Bank of America named salesforce as one of the top software stocks. The company features 2nd on our list of top 10 best stock picks, investments, and portfolio of billionaire Chamath Palihapitiya.
1. Autonomic
Autonomic is a California-based company that is building a cloud-based system that connects smart mobility vehicles across platforms. It was founded in 2016 and managed to raise more than $10 million in funding before being purchased by American car manufacturer Ford Motor Company (NYSE: F) in 2018. The purchase was part of a plan by Ford to build a Transportation Mobility Cloud platform to expand connectivity and car applications in the transportation industry.
Ford has a market cap of more than $50 billion and posted more than $127 billion in profits in December 2020. Primarily known for trucks and SUVs, Ford has moved into electric vehicles in recent years and also expanded in China, where sales of the company rose by more than 70% year-on-year in the first quarter of 2021. The future stock outlook for the firm remains bright. Therefore the parent company features 1st on our list of top 10 best stock picks, investments, and portfolio of billionaire Chamath Palihapitiya.
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