Fatfish reaps reward of Nvoi investment

Fatfish Internet Groups investee company, Nvoi, is to be acquired by ASX-listed Orrex Resources for $16.9 million.

Nvoi is the world first cloud-based platform for candidates and hiring managers in the on-site white-collar contingent (non-permanent basis) workforce.

FFG supported the early-stage development of Nvoi, through a seed investment. Upon the completion of acquisition by ORX, FFG estimates a potential return of its investment in Nvoi to be multiple times of its cost of investment.