Spaceship have just included Nitro in their Universe portfolio with a target allocation of 0.57%. They've just hit $1b in FUM, although I'm not sure how much of that is in the Universe portfolio. They have 2 others, an index and earth portfolio. The Universe is their actively managed "Where the world is going" fund and has had a very good run since inception in 2018 of 30.1%pa returns. They also own Docusign.
Bought: Nitro Software
In the Spaceship Universe Portfolio
Nitro Software is a good one for this new work-from-home digital world we live in, as it helps its users edit, convert, create and eSign PDF files.
And it’s another Melbourne-based brand, born in 2005 with a team of three.
We like Nitro as it services more than 13,000 business customers, including some of the world’s biggest companies, from GE to ExxonMobil, Blue Origin to Toyota.
There’s also plenty to like about the growing digitalisation trend; many companies still rely on paper signatures, but there’s a shift towards electronic signatures that Nitro can be a part of. Of course, there’s some competition in that space thanks to DocuSign and Adobe, but we still believe Nitro Software is a good Aussie buy for us.
