Sturgeon is a leading frontier markets investment boutique. Since the establishment of Fund 1 in 2016, we have made nine investments. Sturgeon focus on technology-enabled businesses that offer a product or service which solves an unserved, acute pain point for a large addressable market. We seek to be meaningful equity partners alongside entrepreneurs, helping businesses reach their full potential.
The limited capacity of our Funds is dictated by the current opportunity set. We are not looking for large ‘unicorns’ – with the associated low hit rate. We are looking to >5x ‘smaller’ companies (sweet spot is $2m-$5m) in a sustainable manner with a high hit rate.