Trendlines Group to pause creation of new startups, focus on exits to deliver dividends
SINGAPORE-LISTED The Trendlines Group is positioning itself to help its portfolio companies achieve exits this year in spite of tightening financial conditions.
The company will pause new investments and establishing new companies, said its co-chair and co-chief executive Todd Dollinger in an investor update call on Monday (Mar 27).
Much like a venture capitalist, Trendlines invests in startups with the aim of reaping significant returns when they achieve exits. It has a portfolio of 56 companies, which Dollinger said require more of the company’s time and effort to help them mature. The company made its last planned purchase on Dec 31, 2022.
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