Principal Strategic Investments

The Goldman Sachs Principal Strategic Investments group seeks to make long term strategic investments in fast growing technology companies that are uniquely positioned to benefit from a deeper business relationship with Goldman Sachs.

We have a flexible approach to investing that allows us to make investments in equity and convertible instruments that typically range between $2,000,000 and $50,000,000. We focus on market infrastructure, financial technology and enterprise technology companies, and look to engage in a strategic relationship that may include joint product development, IP licensing arrangements, service provision arrangements and market participation agreements.

Our team of 30 investment professionals globally is deeply connected across Goldman Sachs’ Securities Division as well as Technology and Operations groups, enabling us to provide a competitive edge to businesses looking to:

  • Expand into financial services with a new product offering
  • Build innovative technology solutions that Goldman Sachs can deploy on a large scale
  • Engage in a deep, franchise-wide relationship with Goldman Sachs as the business matures
  • Position their offering to our clients

We actively invest across the following verticals:

  • Trading Technology
  • Market Infrastructure
  • Enterprise Technology
  • Information Services
  • Big Data / Advanced Analytics Software and Services
  • Security Software and Services
  • Mobile Technology
  • Technology-Enabled Specialty Finance
  • Social Financial Technology
  • Payments

We look to partner with companies who have:

  • Experienced and trustworthy management
  • Proven products that can demonstrate their value through a proof of concept
  • Scalable business models with defensible market position
  • Compelling value proposition that resonates with our domain experts

We take a long-term approach to the partnerships in which we engage, holding our investments for an average period of more than five years.  We invest significant time and resources in our portfolio companies, providing management teams with access to the Goldman Sachs franchise, relationships, and strategic network to accelerate value creation.

Please contact us at gs-psi@gs.com

 

SELECT INVESTMENTS

 

 

 

Financial Technology

Axoni serves the world’s financial institutions and capital markets service providers with full stack blockchain solutions.

Better Mortgage is a direct lender dedicated to providing a fast, transparent, and online mortgage experience focused on customer experience.

BitGo is the market leader in institutional cryptocurrency financial services, providing clients with security, compliance, and custodial solutions.

Bud is simplifying the financial industry by bringing the money parts of life into one place. Through one-point access, banks and their millions of consumers are connected to a marketplace that caters for all the money parts of people's lives – from bills, to savings, to investments and beyond.

Circle is a consumer Internet company focused on transforming the payments landscape with mobile apps and services that make storing and using money instant, secure, global and free.

Contineo is an open messaging network and hub for private banks and wealth management firms to access issuers of structured products.

The Digital Asset Platform delivers flexible infrastructure for regulated financial institutions to share processes and data securely, on a need-to-know basis, without the need for reconciliation. It combines a permissioned Distributed Ledger with a powerful financial modeling language to ensure that each institution operates from a single source of truth.

Droit provides enterprise infrastructure that generates the full regulatory implications and obligations of a trade in real-time. This enables institutions to implement a comprehensive approach to regulatory pre-trade decision making and execution of pre- and post-trade obligations.

Even is the leading platform evolving financial products and services acquisition. The Even API enables channel partners to connect consumers with real-time decisions and quotes from premium financial institutions.

Motif is a next-generation online broker offering thematic investing to individual and institutional investors.

Nav helps small business owners build, protect and leverage their credit and financial data. Its platform provides both business and personal credit reports, cash-flow analysis and a marketplace that uses a lender-neutral algorithm and machine learning to make product recommendations.

Nutmeg was founded with a mission to empower generations of investors by using technology to make high quality wealth management available to more people. Nutmeg is the largest digital wealth manager in the UK, managing over £1.7 billion for over 70,000 customers, specializing in financial advice and online management of investments, ISAs and pensions.

Paidy is a payment and point-of-sale consumer financing provider, operating in Japan. Paidy integrates with online merchants to allow consumers easy check-out and secure settlement via bank transfer or convenient store payment using only an email address and phone number.

Pico offers premium technology hosting and managed services, specializing in trading technology.

Redline Trading Solutions provides high performance market data and order execution systems for global equity, options, futures, foreign exchange, and fixed income trading that enable banks, trading firms and exchanges to excel in today’s fast-paced markets while lowering development and operational costs.

TORA is a cloud-based front-to-back office technology provider for the buy-side, offering portfolio, risk, order and execution management systems, and compliance and analytics engines.

Tradeshift drives supply chain innovation for the digitally connected economy, helping buyers and suppliers digitize their trade transactions, collaborate on every process, and connect with any supply chain app. Tradeshift is one of the largest global business networks with operations across 190 countries.

Trussle is a fee-free online mortgage broker, helping you find, secure and manage the right mortgage so you never pay more than you should.

Veem is a next generation platform for business-to-business payments. Veem enables businesses to send and receive payments in local currency with a few simple steps using their unique multi-rail technology across several global networks.

Visible Alpha transforms the way Wall Street firms collaborate on research, financial models, and corporate access events with solutions for the buy side and sell side.

Enterprise Technology

Barefoot Networks has created technology that is fundamentally transforming the way computer networks are designed, built and operated. Users can now code their desired packet processing behavior, using P4 programming language, and run this code on Barefoot's programmable switching ASICs giving them control of the full network stack down to the wire.

Crux is building infrastructure for the sourcing, testing and ingestion of alternative data, solving a common problem among quant and traditional funds that aim to leverage the vast amounts of data becoming available.

Cuebiq is a leading location intelligence and consumer insights company helping clients map, target and measure the offline consumer journey by leveraging the largest database of accurate and precise anonymous location data.

DiffBlue applies AI to code, enabling broader, more complete testing of a code base resulting in greater intelligibility, better test coverage, and more secure, robust and bug-free code.

Digital Reasoning operates a cognitive computing platform using a machine learning-based analytics platform, Synthesys, which understands how humans communicate by analyzing the context, content and relationships within Big Data while semantically revealing what is most critical to its clients.

Eigen is a research-led artificial intelligence company specializing in data extraction from documents. Eigen’s flexible NLP technology addresses the challenges of unstructured qualitative data enabling users to automate the classification and extraction of this data from documents and other text sources with market-leading accuracy rates.

GitLab is a single application for all stages of the DevOps lifecycle for Product, Development, QA, Security, and Operations teams to work concurrently on the same project. Built on Open Source, GitLab leverages the community contributions of thousands of developers and millions of users to continuously deliver new DevOps innovations.

KY3P® by IHS Markit is the first centralized, cloud-based data hub that enables financial institutions to standardize and simplify third party due diligence.

LookingGlass Cyber Solutions delivers unified threat protection against sophisticated cyber attacks to global enterprises and government agencies by operationalizing threat intelligence across our comprehensive portfolio. Prioritized, relevant and timely insights enables our customers to take action at every stage of the attack life cycle.

QC Ware offers enterprise quantum computing software for data science and high performance computing needs. Specifically, we design and develop software applications, for areas like optimization, machine learning, chemistry simulation, and cryptography across various industries like finance, manufacturing, aerospace, materials and transportation.

Second Measure is a technology company that unlocks the power of transactional data. We analyze billions of everyday purchases and provide a self-service platform built to give investors and corporate decision makers a daily view into company performance and consumer behavior.

Sonatype offers software supply chain tools that enable organizations to continuously consume the highest quality and most secure open source components.

Symphony is a secure workflow platform for individuals, teams, and organizations of all sizes seeking to improve their productivity while maintaining data security and regulatory compliance. Today, Symphony is used by the world’s leading financial institutions as a trusted communications and workflow platform to seamlessly exchange high-value content and information.

Unbound enables organizations to choose both security and usability – making cryptography easy, user-friendly, cost-effective and more secure so that previously out of reach digital services can now be built with unprecedented speed and scale. Unbound’s technology addresses a wide range of use cases, from replacing hardware-based HSM/KM platforms in hybrid cloud infrastructure to enabling high-trust digital services on any BYOD.

Market Infrastructure

Aquilon Energy Services is a Chicago and Houston based software company providing innovative solutions for the fast-paced, complex and data intensive energy industry.

CurveGlobal is a regulated exchange, founded by seven global investment banks, the LSE and the CBOE, that lists Short Term Interest Rate and Bond Future contracts. The contracts clear into LCH, offering the opportunity for users to avail themselves of Portfolio Margining (offsetting OTC Rates positions with their Listed Futrues positions so as to reduce their overall margin requirements).

LCH is a leading Rates and multi-asset clearing house that provides proven risk management capabilities across Equities, Repo, Commodities, CDS, FX, and OTC and Listed Rates to members and their clients.

The National Stock Exchange of India (NSE) is the largest stock exchange in India, in terms of daily turnover and number of trades, and trades equities, futures and options, debt, currency and interest rate futures.

NYSHEX is a transparent exchange for shippers to digitally purchase container freight contracts developed in conjunction with leading innovative carriers and shippers, NYSHEX has created The NYSHEX Forward ContractTM, which is financially secured and strictly enforced.

Financial technology company with a mission to deliver a dynamic marketplace for financial professionals to access structured investments and insurance products with simplicity.

Spark Systems is a technology solution provider focused on building next generation FX platforms for global markets and clients.

Tradeweb Markets is an electronic fixed income, derivatives and ETF marketplace that offers flexible trade execution and efficient workflow solutions for the institutional, inter-dealer, and retail communities – supported by Tradeweb, Dealerweb, and Tradeweb Direct.

The descriptions above were provided by the portfolio companies. The statements contained in the descriptions are not representations of Goldman Sachs and are not an endorsement of any particular product or service.