Cases - SHINDEV Co., Ltd.

Canva Pty Ltd

Online graphic design and visual content creation platform

Positioned in Internet and Internet, Canva Pty Ltd advances Online graphic design and visual content creation platform. In Internet and Internet, the company addresses critical pain points with tailored solutions. Closed‑loop strengths in solution design, implementation and operations support. Technology choices balance performance, security and maintainability, adaptable to diverse applications. Recently completed Equity Financing of about 67 million USD, fueling channels and product iteration. Ongoing iteration and scenario expansion form a sustainable growth trajectory.

Financing Round:Equity Financing
Financing Amount:67 million USD
Investment Date:2021-05

Profit Plan:Design SaaS plus Canva for Teams plus Magic Studio AI; packaged-product gross margin above 80%.

Exit Plan:US IPO targeted after 2025 at USD 25B+, with an ASX dual primary listing as a backup.

Databricks Inc.

Unified analytics platform and data lake solutions

Positioned in Internet and Internet, Databricks Inc. advances Unified analytics platform and data lake solutions. In Internet and Internet, the company addresses critical pain points with tailored solutions. Closed‑loop strengths in solution design, implementation and operations support. Technology choices balance performance, security and maintainability, adaptable to diverse applications. Recently completed Equity Financing of about 68 million USD, fueling channels and product iteration. Ongoing iteration and scenario expansion form a sustainable growth trajectory.

Financing Round:Equity Financing
Financing Amount:68 million USD
Investment Date:2021-02

Profit Plan:Lakehouse data-plus-AI unified platform; enterprise NDR 140%+ and non-GAAP operating margin 12% by 2025.

Exit Plan:US IPO targeted for 2025-2026 at USD 60B+, with continued mega-rounds providing secondary liquidity as a backup.

UiPath Inc.

Robotic process automation software platform

Rooted in Internet / Internet, UiPath Inc. is dedicated to Robotic process automation software platform. Focusing on key links in Internet / Internet, it builds clear differentiation. Capabilities span planning, engineering and operations, emphasizing end‑to‑end delivery. Modular architecture and standard interfaces improve delivery efficiency and reuse. Strategic Financing propels R&D and commercialization, totaling 60 million USD. With customer validation and continuous delivery, the business grows steadily and commercializes faster.

Financing Round:Strategic Financing
Financing Amount:60 million USD
Investment Date:2023-05

Profit Plan:RPA plus AI Agent enterprise-automation platform; packaged-product gross margin above 80% and non-GAAP operating margin 20% by 2026.

Exit Plan:Already listed on NYSE (PATH) in April 2021; this 2023 secondary entry exits opportunistically alongside the AI Agent transition.

Shopify Inc.

Global leading multi-channel commerce platform

Rooted in Internet / Internet, Shopify Inc. is dedicated to Global leading multi-channel commerce platform. Focusing on key links in Internet / Internet, it builds clear differentiation. Capabilities span planning, engineering and operations, emphasizing end‑to‑end delivery. Modular architecture and standard interfaces improve delivery efficiency and reuse. Strategic Financing propels R&D and commercialization, totaling 75 million USD. With customer validation and continuous delivery, the business grows steadily and commercializes faster.

Financing Round:Strategic Financing
Financing Amount:75 million USD
Investment Date:2022-01

Profit Plan:E-commerce SaaS plus payments/logistics synergy; rising Shopify Plus mix drives operating margin to 15%.

Exit Plan:Staged sales on NYSE (SHOP) targeting 2x MOIC, timed with GMV cycles and consumer-sector valuation windows.

Discord Inc.

Voice and text chat platform for gamers and communities

Discord Inc. is a Voice and text chat platform for gamers and communities. Across Internet / Internet scenarios, it expands and refines its product suite. From advisory to systems integration, it forms a full‑chain capability for complex use cases. Product and technology prioritize efficiency, reliability and cost, with scalability and compliance. Capital support in place (~85 million USD), enabling scaled delivery. Core customers and channel expansion drive a healthier revenue mix.

Financing Round:Strategic Financing
Financing Amount:85 million USD
Investment Date:2020-02

Profit Plan:Community voice/video platform with Nitro subscriptions plus enterprise/education expansion; DAU monetization rises to 4% by 2026.

Exit Plan:US IPO targeted for 2025-2027, with internet-major M&A as a backup (Microsoft talks fell through in 2021).

Cloudflare Inc.

Global cloud security and performance optimization service provider

Cloudflare Inc. is a Global cloud security and performance optimization service provider. Across Internet / Internet scenarios, it expands and refines its product suite. From advisory to systems integration, it forms a full‑chain capability for complex use cases. Product and technology prioritize efficiency, reliability and cost, with scalability and compliance. Capital support in place (~12 million USD), enabling scaled delivery. Core customers and channel expansion drive a healthier revenue mix.

Financing Round:Strategic Financing
Financing Amount:12 million USD
Investment Date:2021-05

Profit Plan:CDN, zero-trust security, and Workers serverless in parallel; enterprise NDR 125%+ and operating margin 10% by 2026.

Exit Plan:Staged sales on NYSE (NET) targeting 25% IRR, timed with enterprise penetration.

Twilio Inc.

Cloud communications platform as a service provider

Twilio Inc. is a Cloud communications platform as a service provider. Across Internet / Internet scenarios, it expands and refines its product suite. From advisory to systems integration, it forms a full‑chain capability for complex use cases. Product and technology prioritize efficiency, reliability and cost, with scalability and compliance. Capital support in place (~71 million USD), enabling scaled delivery. Core customers and channel expansion drive a healthier revenue mix.

Financing Round:Series B
Financing Amount:71 million USD
Investment Date:2021-05

Profit Plan:Communications API plus Segment CDP; enterprise gross margin 55% and operating margin back to 15% by 2026.

Exit Plan:Staged sales on NYSE (TWLO), timed with the Segment re-rating and buyback cadence.

Notion Labs Inc.

All-in-one workspace and collaboration platform

Notion Labs Inc. is a All-in-one workspace and collaboration platform. Across Internet / Internet scenarios, it expands and refines its product suite. From advisory to systems integration, it forms a full‑chain capability for complex use cases. Product and technology prioritize efficiency, reliability and cost, with scalability and compliance. Capital support in place (~79 million USD), enabling scaled delivery. Core customers and channel expansion drive a healthier revenue mix.

Financing Round:Series D
Financing Amount:79 million USD
Investment Date:2019-08

Profit Plan:Unified docs, wiki, database, and AI assistant; enterprise subscription ARR growing 80%+ YoY with 85% gross margin.

Exit Plan:US IPO targeted for 2025-2027 at a USD 10B+ valuation, with top-SaaS M&A as a backup.

GitLab Inc.

DevOps software development lifecycle management platform

GitLab Inc. is a DevOps software development lifecycle management platform. Across Internet / Internet scenarios, it expands and refines its product suite. From advisory to systems integration, it forms a full‑chain capability for complex use cases. Product and technology prioritize efficiency, reliability and cost, with scalability and compliance. Capital support in place (~87 million USD), enabling scaled delivery. Core customers and channel expansion drive a healthier revenue mix.

Financing Round:Equity Financing
Financing Amount:87 million USD
Investment Date:2020-06

Profit Plan:End-to-end DevSecOps platform, self-managed plus SaaS; non-GAAP operating margin 15% by 2026.

Exit Plan:Listed on Nasdaq (GTLB) in October 2021; the fund exits in tranches post lock-up at target IRR.

Stripe Inc.

Global internet payment infrastructure platform

Stripe Inc. is a Global internet payment infrastructure platform. Across Internet / Internet scenarios, it expands and refines its product suite. From advisory to systems integration, it forms a full‑chain capability for complex use cases. Product and technology prioritize efficiency, reliability and cost, with scalability and compliance. Capital support in place (~33 million USD), enabling scaled delivery. Core customers and channel expansion drive a healthier revenue mix.

Financing Round:Series C
Financing Amount:33 million USD
Investment Date:2018-09

Profit Plan:Payments, issuing, financial software, and tax; enterprise NDR 120%+ with 10% operating margin by 2026.

Exit Plan:US IPO targeted after 2025 at USD 70B+, with secondary liquidity provided by the 2023 employee-tender program.