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Touch Ventures (ASX:TVL) is an investment company that backs high-growth businesses, and fund managers have focused on its deep discount to asset backing. In January 2024, Cyan Investment Management noted the shares rose 17% as investors recognised that Touch Ventures held around $60 million in cash, equivalent to roughly 8.5 cents per share, plus about $50 million of unlisted investments, against a share price of 8.2 cents, implying a discount of almost 50% to net asset value. Touch Ventures operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Cyan Investment Management. Touch Ventures provides capital and strategic support to scalable, revenue-generating businesses, drawing on Afterpay's experience, merchant network and customer base, with a portfolio focused on payments, retail technology and fintech.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Cyan Investment Management have invested in Touch Ventures Ltd (ASX:TVL).
Cyan Investment Management highlights a share price below the company's cash backing alone, with unlisted investments effectively valued at nothing, creating potential for value realisation or capital return.
The available commentary focuses on the valuation opportunity and does not set out specific risks, though returns depend on the realisable value of its unlisted portfolio and how management deploys its cash.
Touch Ventures provides capital and strategic support to high-growth, scalable businesses with proven revenue models. Leveraging Afterpay’s experience, merchant network, and customer base, the firm focuses on companies within retail innovation, consumer, finance, and data sectors. Touch Ventures prioritizes investment opportunities that demonstrate potential for international expansion.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.