TMT Investments PLC

01/04/2026

🚀 15 years investing in technology companies 🚀 - Alexander Selegenev, Executive Director at TMT Investments charts TMT’s growth, exits and outlook in this wide-ranging podcast with UK Investor Magazine.

✅ The first 15 minutes cover the why and how of TMT’s admission to AIM, the reasons for its outstanding 14% IRR since inception and day-to-day operations, and how TMT combines AI-driven as well as AI-resistant companies in its portfolio. Reviews TMT's largest investments including Scentbird, the fast growing US fragrance and wellness retailer with 1m+ subscribers.

👀 This is a valuable, in-depth podcast for long-term shareholders as well as recent and future investors

👉 Listen here 👉 https://lnkd.in/eMBKpvg9

In more detail:

🎤 21:10 How TMT got ahead of Meta. TMT’s investment in Scale AI prior to Meta’s ~$14.3 bn investment into Scale AI
- TMT’s investment into Praktika.ai (AI-led foreign language learning with avatars)
- How to hedge investments into AI
- The rationale for investing in mega cap AI companies such as Scale AI. Scale AI is one of the world’s largest AI data infrastructure provider.
- Hedging the AI bubble

🎤 27:10 TMT’s investment in Bolt, partial small exit from Bolt in 2025, potential IPO

🎤 31:10 TMT’s approach to valuing technology companies and write-downs focussed on writing down companies that are not performing. TMT continues to apply a highly prudent approach to valuing its portfolio investments and therefore regularly reviews and writes down investments that are not showing the progress the Board believes is required to justify the previously reported valuation level. In line with this approach, TMT partially or fully wrote down the value of nine of its investments during the period.

🎤 33:50 TMT’s pipeline of exits and its strategy to recycling capital into new investments, and the recent partial exit from Spin.AI

🎤 37:24 TMT’s new investment pipeline, opportunities TMT is currently reviewing

🎤 38:55 Additional future share buy-backs or special dividends?

🎤 40:50 TMT’s shares are currently trading at a 60-70% discount to Net Asset Value (NAV). What is the market missing?

🎤 45:15 Valuing private assets and assessing the quality of TMT’s portfolio

🎤 47:14 80% of TMT’s portfolio value is based on mid-market price, or cost or price of recent investment

🎤 47:36 What does success look like for TMT?

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT manages a globally diversified investment portfolio of over 50 companies, focused primarily on Data Platforms, Enterprise Software, Mobility, and FinTech.

👉 Find out more about TMT’s portfolio at www.tmtinvestments.com

26/03/2026

🎤 Zak Mir talks to Alexander Selegenev, Executive Director, TMT Investments, on TMT's Final Results for the year ended 31 December 2025.

TMT’s portfolio in 2025 benefited from positive revaluations of seven of its investee companies (Bolt, Scentbird, Global Work AI, Spin.ai, Scale AI, Rhino, and Whizz), which have been partly offset by full and partial write-downs in the value of nine of the Company’s investments (Backblaze, Mobilo, SOAX, MTL Financial, Prodly, Sonic Jobs, Aurabeat, Qumata, and Go X), in line with TMT’s highly prudent valuation approach.

👉 Listen here: https://lnkd.in/e6nq3viJ

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT manages a globally diversified investment portfolio of over 50 companies, focused primarily on Data Platforms, Enterprise Software, Mobility, and FinTech.

👀 Find out more about TMT’s portfolio at www.tmtinvestments.com

24/03/2026

🔖 TMT Investments Plc announces Final Results for YE 2025

TMT Investments Plc (AIM: TMT), the venture capital company investing in high-growth technology companies, is pleased to announce its audited final results for the year ended 31 December 2025.

Highlights:

👉 NAV per share of US$7.13 as of 31 December 2025, up 8.9% year on year (31 December 2024: US$6.55)
👉 Total NAV of US$220.8 million (31 December 2024: US$205.9 million)
👉 IRR from inception to 31 December 2025 of 14% per annum (14.5% from inception to 31 December 2024)
👉 US$1.5 million of additional investments made in 2025 (US$5.9 million in 2024)
👉 US$5.5 million of cash disposals and dividends received in 2025 (US$5.9 million in 2024), with an additional US$1.5 million cash disposal post-period end, including:

o Scale AI valued at US$29 billion in June 2025 as a result of an investment by Meta Platforms, Inc., which is a +138% valuation uplift compared to TMT’s investment in Scale AI in October 2024 when including the additional US$0.6 million cash dividend received by TMT from Scale AI.
o Partial US$0.85 million cash disposal of shareholding in Bolt (+17% valuation uplift)
o Partial US$3.8 million cash disposal of shareholding in Backblaze
👉 US$1.7 million share buyback completed in December 2025 at a weighted average price of US$2.65 per share
👉 As of 31 December 2025, the Company had cash and cash equivalent reserves of US$5.0 million (31 December 2024: US$5.2 million) and unaudited cash of US$6.2 million as of 23 March 2026

👀 Read the full Annual Report 2025 at https://lnkd.in/dYjgfuY

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT manages a globally diversified investment portfolio of over 50 companies, focused primarily on Data platforms, Fintech, Enterprise software, Digital commerce, HealthTech, and Logistics & Mobility.

🔎 Find out more about TMT’s investments in 50 other tech companies globally at www.tmtinvestments.com

09/02/2026

🎤 Igor Shoifot, Investment Partner at TMT Investments Plc, shares some of his latest thoughts on , quantum computing, AI-based advertising and other sectors humming in , where Igor Shoifot is based.

👉 Listen to the podcast with Zak Mir to find out more! https://lnkd.in/dmnuHdVs

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT Investments Plc manages a globally diversified investment portfolio of over 50 companies, focused primarily on Big Data/Cloud, SaaS(software-as-a-service), Mobility, and FinTech.

👀 Find out more about TMT’s investments in 50 other tech companies globally at www.tmtinvestments.com

09/01/2026

🙌 Congrats to Keith Rabkin and Mikita Mikado and all the team at PandaDoc!

Co-founder and CEO Mikita Mikado has transitioned into the role of Chief Product Officer, where he will focus full-time on leading PandaDoc's product strategy and roadmap. Keith Rabkin, previously President, has been appointed Chief Executive Officer, effective immediately. Mikado will continue to serve on PandaDoc’s Board of Directors.

PandaDoc is one of TMT’s Top 5 holdings and TMT is proud to have backed PandaDoc since first investing in PandaDoc in 2014.

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT manages a globally diversified investment portfolio of over 50 companies, focused primarily on Big Data/Cloud, SaaS(software-as-a-service), Mobility, and FinTech.

👉 Find out more about TMT’s investment in PandaDoc and 50 other tech companies globally at www.tmtinvestments.com

https://www.pandadoc.com/press/pandadoc-announces-leadership-transition/

12/12/2025

✅✅ Stellantis and Bolt Partner to Advance Large-Scale Deployment of Driverless Mobility in Europe

🙌 For Bolt, the partnership marks the next step towards its ambition of having 100,000 autonomous vehicles available on its shared mobility platform by 2035

👇 Read the full press release

https://bolt.eu/en/blog/stellantis-bolt-press-release/

✅ ✅ Bolt is one of 50+ companies in TMT Investments Plc portfolio

🙌 We’re proud to have identified Bolt’s potential and outstanding management team, as one of Bolt’s earliest investors back in 2014. We wish the Bolt team all the best as it continues its driverless expansion programme!

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT Investments PLC manages a globally diversified investment portfolio of over 50 companies, focused primarily on Big Data/Cloud, SaaS(software-as-a-service), Mobility, and FinTech

21/11/2025

✅✅ TMT Investments is profiled in Share Talk today, with a podcast and extensive review by Zak Mir on the undervaluation opportunity at TMT Investments, portfolio developments and TMT's recently announced share buyback programme.

👉 Listen to the podcast and read the article:

https://www.share-talk.com/zak-mir-talks-to-alexander-selegenev-executive-director-tmt-investments/

‪Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, ‬TMT manages a globally diversified investment portfolio of over 50 companies, focused primarily on Big Data/Cloud, SaaS(software-as-a-service), Mobility, and FinTech.

‪Find out more at www.tmtinvestments.com ‬

Buying stock at a 60% discount can meaningfully increase NAV per remaining share

22/10/2025

✅ ✅ Our portfolio company AgendaPro recently announced a $35 million growth investment led by Riverwood Capital, with participation from existing investor Kayyak Ventures

AgendaPro is the leading software platform for appointment-based service businesses in Latin America.

https://lnkd.in/dMdMRXCj

👏 👏 And today it announced further expansion in Latin America, and is now recruiting for 50 vacancies in its Technology Hub in Santiago.

AgendaPro has come a long way since TMT spotted its potential in 2021 when it invested $0.9m

More than 135,000 beauty and wellness professionals from 20,000+ businesses across health, wellness, and personal care, including medical spas, beauty salons, barbers, massage therapists, chiropractors, psychologists, physical therapy clinics, and more have used AgendaPro to book over 100 million appointments. Clients report an average 82% increase in revenue after adopting the platform, reinforcing AgendaPro’s role as a singular system of record across the region.

Congrats to all the team at AgendaPro!

Read more at https://www.linkedin.com/posts/tmt-investments-plc_agendapro-apuesta-por-chile-como-base-de-activity-7386804544879370240-Hnmg?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAgEQABpDJvtfbJKMfzG7HJzpbmxL2vuYI

📈 📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT Investments Plc is a venture capital company providing its shareholders with investment exposure to a diversified portfolio of 50+ tech companies globally.

👉 👉 Find out more at www.tmtinvestments.com

21/10/2025

💲 💲 Every $ counts! That’s why we backed Spendbase with a $0.5 million investment earlier this year. Spendbase helps companies and gain full visibility of their teams’ spend and receive cashback.

👏 👏 Congratulations to all the team for your impressive efforts at SaaStock and here is to building new partnerships!

✅ ✅ Founded in 2023 and backed by Google, Spendbase has made a name by helping businesses eliminate waste in software and cloud spending, with some mid-sized clients saving up to $150k in under a year. The company has attracted clients such as Preply, Lemon.io, MacPaw, Provectus, Happy Monday and YouScan, supporting over 800 businesses worldwide.

Read more on Linked In https://www.linkedin.com/feed/update/urn:li:activity:7386387251422769152

📈 Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT Investments Plc is a venture capital company providing its shareholders with investment exposure to a diversified portfolio of 50+ tech companies globally.

👉 Find out more at www.tmtinvestments.com

20/10/2025

👏 👏 Special shout out to our portfolio company Novakid Inc, the EdTech company trusted by over 820,000 parents worldwide.

👉 Novakid Inc has been included in the 2026 GSV Ventures Top 150 Most Transformational Growth Companies in the $7trn EdTech sector!

Since our US$3m investment into Novakid Inc in November 2020, TMT is delighted to see how far Novakid Inc has come, teaching in 50+ countries and having taught 930,000 students.

This is the third time has made the list: 2022, 2025 and now 2026!

Read more here https://lnkd.in/eUYGim-A

✅ ✅ Onwards and upwards to all the Novakid Inc team!

Quoted on the Alternative Investment Market (AIM) of the London Stock Exchange since 2010, TMT Investments Plc is a venture capital company providing its shareholders with investment exposure to a diversified portfolio of 50+ tech companies globally.

Find out more at www.tmtinvestments.com

17/10/2025

👏 👏 👏 TMT's portfolio company Rain goes from strength to strength

👏 👏 👏 A well deserved congratulations to our portfolio company Rain on its direct integration with Paylocity, the leading HR, payroll and spend management platform! The more than 41,650 clients using Paylocity will now have access to a streamlined Earned Wage Access (EWA) solution directly thanks to the integration with Rain.

👉 One of the companies to benefit is Hopebridge, which operates over 100 autism therapy centres in the USA.

✅ “Knowing Rain partners directly with Paylocity gives us extra confidence that the systems we rely on every day work smoothly together,” said Heather Grant, Hopebridge’s Director of Total Rewards (Payroll & Benefits). "While our decision to partner with Rain was about employee financial wellness first, the Paylocity integration has been a real added benefit.”

🤝 Partnerships are one of the best ways to grow users, something at which Rain is proving to be exceptional.

💰 Two years exactly since TMT’s investment in Rain on 17 October 2023, we are very pleased to see tremendous growth and success at Rain

📈 Quoted on the AIM of the London Stock Exchange, TMT manages a globally diversified investment portfolio of over 50 tech companies, focused primarily on Big Data/Cloud, SaaS (software-as-a-service), Mobility, and FinTech.

Read the full press release here: https://www.rainapp.com/articles/rain-announces-integration-with-paylocity-improving-seamless-earned-wage-access/

👀 Find out more on TMT's website www.tmtinvestments.com

About EWA and Rain

According to the Financial Health Pulse 2024 U.S. Trends Report, 70% of American households are experiencing worsening day-to-day financial realities and are currently considered financially unhealthy. As employers work to retain talent, they are seeking new benefits, like earned wage access, to help ease financial burdens for their workforce.

Rain is a leading provider of earned wage access (EWA) solutions, used by over 3.5 million employees and facilitating more than $3 billion in early wage access. With a steadfast mission to eliminate payday loans and predatory financial products, Rain champions individual empowerment, giving employees control over their income and financial futures.