Despite challenging environment, leading NJ PE Firm Arushi Ventures sees record-breaking investment growth year
November 25, 2020
It’s been a tough year for many small and midsize businesses, as the COVID-19 pandemic and resulting economic downturn wreaked havoc on companies’ top and bottom lines.
But that wasn’t the case for PE firm Arushi Ventures. In fact, 2020 turned out to be a record-breaking year for the firm, which is based in New Jersey.
The firm, which has always operated with a meager staff reported a highly successful 2020 primarily from its Software (AI) investments and from its Real Estate investments.
In fiscal year 2020, Arushi Ventures grew investments by 70,000%, as its minority stake in Alexis Networks, Inc. — saw increased demand amid the pandemic — and also saw a greater than market return from its real estate investments.
The strong year allowed Arushi Ventures to finish fiscal 2020 without any layoffs. This bodes well for next year as well.
Alexis Networks is expecting a significantly stronger demand in 2021 for its start-up investments.
2021
Arushi Ventures is looking to create a new PE Fund in 2021 to target multiple investments in other emerging high-tech areas such as IoT and Blockchain. With the long awaited regulations of CryptoCurrency, Arushi Ventures is expecting that 2021 will be the year to increase investments in the Blockchain ecosystem.