LV1 Has Been Ticking All The Boxes LV1 has had a stellar...

LV1 Has Been Ticking All The Boxes

LV1 has had a stellar performance over the past seven months being one of the ASX’s top performers which is quite a feat in this frothy market.

It is no surprise, given LV1 has been ticking all the boxes you could want as an investor, including but not limited to:

üActive management positioning the company to take success of the broader tech sector tail winds

üIncorporating an R & D subsidiary (“Decidr.AI”) to develop technological solutions founded and led by AI visionary Paul Chan, aimed at streamlining the business

üRaising ~$1m at a premium to the previous close price (impressivein this market)

üOptions converted to fill the coffers with a further ~$1m

All of these results have demonstrated the strong support and prospects of the company, which has seen shareholders rewarded with share price accretion from ~$0.092 to~$0.535 (as we write this), in a short period.

Enter David Brudenell and Adrian Bunter

LV1 have just announced the appointments of David Brudenell as non-executive Chairman and Adrian Bunter as non-executive director of the Company.

“David and Adrian will be instrumental in continuing to shape and execute LV1’s previously announced strategy of developing cutting-edge, AI-based solutions to create new growth opportunities for LV1 businesses and to use this technology to streamline costs”

This is a clear statement to us that LV1 are serious about the incorporation of AI-based technology, putting the right people in the right positions to continue the companies positive momentum.

David Brudenell Has Significant Technology Experience Extending into Artificial Intelligence

LV1snew chairman is David Brudenell who during his 20 years of experience, has participated in numerous start-ups, venture capital, M&A and public markets activities.

What’s more, David has a vast experience in the field of A.I and technology focused companies, at all stages of a company’s life cycle which is why he is a perfect fit for LV1.

Importantly, David has proven experience with publicly listed ASX companies, having been in executive roles for over a decade.

David is currently an executive at fintech company, Flare, where he leads the sales, marketing and solutions. During his tenure, David has been part of the team which has rapidly advanced the company, with over one in four Australian employees now using Flare technology when they start a new job.

This growth has resulted in MYOB, owned by US private equity giant KKR (US $85.7Bmarket cap) recently buying the company for a “significant transaction” (deal consideration not disclosed).

Prior to Flare, David spent several years on the frontier of generative AI and machine learning at global technology company, Appen (ASX:APX). Appen are the largest provider of training data for artificial intelligence applications, where David led the Global Solutions & Advanced Research team.

It is worth noting that Appen, work with some of the world’s biggest companies, including Amazon, Microsoft, Salesforce, Adobe, Oracle & Nvidia.

David has held a plethora of other executive roles including Executive Vice President at global market research company Pure profile where he participated in its public listing (ASXPL), Managing Director at Fleet and Consumer Lending company Eclipx (ASX: ECX) currently capped at ~$890 million, and Chief Product and Digital Officer for Universum, which was sold to Stepstone Group (capped at$3.6 billion) for ~$73.5 million in 2018.

David also serves as an advisor for several US-based Artificial Intelligence and Consumer companies.

Adrian Bunter Is One Of Australia’s Most Renowned Angel Investors And Has Been A part of ‘Unicorn’ Start Ups

Adrian has over 25 years’ experience in finance and corporate advisory, working with early-stage businesses to help them grow, expand and exit.

When reviewing Adrian’s experience and what he brings to LV1, we couldn’t help but be impressed with his resume.

Adrian started his career with PricewaterhouseCoopers (PWC) finishing his career as a director, after 16 years (primarily focused on the technology sector in specialist firms)which is an astounding achievement.

To put somecontext around PwC, they operate in 157 countries, across 742 locations, with328,000 people and generated US $50.3 billion of revenue in FY 2022, so being adirector of such a company speaks volumes of Adrian’s business acumen.

Adrian alsohas significant experience in advising and working with early-stage start-ups witha hands-on approach, growing some companies into billion-dollar corporations.

This predispositionhas led Adrian to be an executive director of Venture Advisory, one ofAustralia’s leading specialist technology, media and telecommunicationsfinancial advisory firms, in addition to being an executive committee memberfor 15 years of Australia’s leading angel investing group, Sydney Angels.

Notableinvestments include Clarity Pharmaceuticals, listed on the ASX (CU6) on 24August 2021, raising $92 million from the market and currently capped at ~$700million. Sydney Angels members first invested in Clarity in 2012 andparticipated in early follow-on rounds. First round investors enjoyed returnsof 50x at IPO. Having an eye to spot and then support a 50 bagger, we think istruly astounding.

Furthermore,Adrian has been a director of Employment Hero since its conception 10 years ago.In late 2023, the company raised $263million, sealing the biggest capitalraising of the year. Similarly, to LV1, this funding is aimed at building AIcapability to become a fully autonomous solution for SMEs around the world.

In 10 years, EmploymentHero has now reached a valuation just shy of $2 billion, placing it in theelite ‘unicorn club’, for privately held start-ups with valuations over $1billion.

For contextof just how significant this is, it took companies such as Dropbox, Netflix,Apple and Microsoft, over 10 years to reach a $1 billion valuation.

Adrian alsohas significant experience at a board and advisory level, with high-growth,tech focused ASX listed companies, which at present include Carly HoldingsLimited (ASX:CL8) and 8Common Limited (ASX:8CO).

Theseare quite literally only a small portion of Adrian’s career achievements, sohis appointment to the board may be the most significant on the ASX in 2024.