About Fortuna
Fortuna is a family office founded in 2023. It is primarily based out of Dubai, United Arab Emirates. As of Oct 2026, Fortuna has invested in 7 companies. It primarily invests in Post IPO round in Indonesia based companies. Its investments are spread across a wide range of sectors from Life Sciences, Food and Agriculture Tech. Its latest investment was a Undisclosed Post IPO round in PT Wijaya Cahaya Timber Tbk on Feb 16, 2024.
Overall, Fortuna portfolio has seen 1 unicorn, 4 IPOs and 1 acquisition including key companies like Pyka, Canyon Resources and Vaxxinity.
Fortuna has a team of 5 people including 2 partners.
Key Metrics
Founded Year
2023
Location
Dubai, United Arab Emirates
Portfolio Companies
Sectors of Investment
Stages of Investment
Post IPO
Locations of Investment
Unicorn in Portfolio
Fortuna's List of Top Investments
Fortuna has a portfolio of 7 companies, one of which is a Unicorn. Their most notable investments include Pyka and Canyon Resources.Their portfolio spans across United States, Australia, Indonesia and 1 more locations. They have invested in Life Sciences, Food and Agriculture Tech, High Tech and 4 other sectors, across stages such as Post IPO stage. Here is the list of top investments by Fortuna:
1. Pyka
Autonomous electric aircraft for agriculture, cargo, and defense applications. It is a robotics company focused on building useful autonomous aircraft. They develop next-generation aircraft for crop protection and multi-mission performance in long-range, heavy-lift operations. Their technology emphasizes redundancy, reliability, and autonomy. They offer solutions for aerial application, cargo transport, and defense applications. The company is involved in manufacturing zero-emission autonomous aircraft and has secured approvals for commercial operations. They are focused on innovation in autonomous systems and electric aviation.
Key facts about Pyka
- Founded Year: 2016
- Location: Palo Alto (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $88.1M
- Employee Count: 134 as on Aug 31, 2026
- Investors: Zillionize, DCVC and 17 Others
- Latest Funding Round: Series B, Sep 23, 2024, $*****
- Highlight: Editors' Pick
Key facts about Canyon Resources
- Founded Year: 2009
- Location: Perth (Australia)
- Stage: Public
- Employee Count: 9 as on Sep 30, 2026
- Investors: Metal Tiger, Fortuna and 1 Other
- Latest Funding Round: Post IPO, Aug 02, 2021, $*****
- Highlight: Public
3. Vaxxinity
Developer of vaccines for neurological disorders and infectious diseases. The lead candidate is UB-612 for Covid-19 is a multitope peptide-based vaccine. Other candidates include UB-311 and Tau for Alzheimer’s, UB-312 for Parkinson's, UB-313 for chronic migraine, and PCSK9 for hypercholesterolemia. The company has proprietary synthetic peptide immunogens that activate B- and T-cell arms of the immune system and combine multiple antigens into a single formulation to develop multitope vaccines.
Key facts about Vaxxinity
- Founded Year: 2019
- Location: Dallas (United States)
- Annual Revenue: $0 - $1M as on Dec 31, 2021
- Stage: Public
- Total Funding till date: $27M
- Employee Count: 19 as on Aug 31, 2026
- Investors: Carriage House Rock, Tribe Capital and 7 Others
- Latest Funding Round: Series B, Mar 31, 2021, $*****
- Highlight: Public
4. Biosplice
Developer of therapeutics modulating alternative splicing for disease treatment. The company focuses on creating therapies by targeting CLK/DYRK family kinases to modulate alternative splicing. This mechanism addresses diseases like osteoarthritis, cancer, neurological disorders, and diabetes by influencing tissue-specific RNA splice-site selection. The company aims to restore health through therapies that harness alternative splicing.
Key facts about Biosplice
- Founded Year: 2008
- Location: San Diego (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $778M
- Employee Count: 50 - 199 as on Mar 01, 2026
- Investors: SymBiosis, Verition Fund Management and 16 Others
- Latest Funding Round: Series B, Apr 15, 2021, $*****
- Highlight: Editors' Pick
5. Fura Gems
Miner and marketer of emeralds, rubies, and sapphires. This company engages in the extraction and subsequent sale of these precious gemstones. Its operations encompass the entire process, from mining to the marketing and distribution of finished products. The company's focus is on the sourcing, processing, and sale of high-quality gemstones to various markets.
Key facts about Fura Gems
- Founded Year: 2006
- Location: Dubai (United Arab Emirates)
- Stage: Acquired
- Employee Count: 386 as on Aug 31, 2026
- Investors: Fortuna, Forbes & Manhattan and 2 Others
- Latest Funding Round: Post IPO, Oct 10, 2019, $*****
- Highlight: Acquired
Fortuna's Year-on-Year Investment Trends
Its most recent first time investment was in PT Wijaya Cahaya Timber Tbk.Fortuna's Investments by Stage
Fortuna has made 1 investment in Post IPO stage.Fortuna's Investments by Sector
Fortuna has a portfolio focused on Food and Agriculture. Notably, it has invested in 4 Enterprise (B2B) companies, 3 Tech companies and 1 Tech hardware company.Fortuna's Investments by Geography
Fortuna has made most investments in Indonesia (1).Fortuna's recent investments
Fortuna has not made any investment in 2026 so far.Here are the most recent investments by Fortuna:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 16, 2024 | Indonesia | Post IPO | 8969 | - |
Unicorns in Fortuna's Portfolio
Fortuna has 1 unicorn in its portfolio - Biosplice. The most recent unicorn in their portfolio is Biosplice which became a unicorn in 2021, 5 years before Fortuna first invested in it.Here is a list of unicorns in Fortuna's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
42 | Developer of therapeutics modulating alternative splicing for disease treatment | 2008 | San Diego | Series B | {yiyreg |
IPOs and Publicly Listed companies in Fortuna's Portfolio
4 of Fortuna's portfolio companies have become public. PT Wijaya Cahaya Timber Tbk got listed on the Indonesia Stock Exchange (IDX), in Feb 2023 at marketcap of $14.9M and Vaxxinity got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.62B.Here are Fortuna's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 01, 2023 | Feb 16, 2024 | Post IPO | 5061 | |
Nov 11, 2021 | - | - | 3546 | |
Jun 15, 2010 | - | - | 4406 | |
Dec 04, 2009 | - | - | 6088 |
Acquired companies in Fortuna's Portfolio
1 company from Fortuna's portfolio has been acquired. The most recent acquisition was Fura Gems.Here are Fortuna's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 14, 2020 | - | - | 3682 |
Team profile of Fortuna
Fortuna has a team of 5 members including 2 Partners and 2 Principals located in United Arab Emirates. Fortuna's team does not sit on the board of any company as of now.Here is a list of all team members in Fortuna:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | Dubai | - | - | |
Principal | Dubai | - | ||
Principal | Dubai | - |
Recent News related to Fortuna
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Fortun Holdings Reports Second Consecutive Record Month as August Funding Volume Reaches $1.52 MillionNewswire•Sep 02, 2026•Fortuna
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Fortun Holdings Receives Additional $750,000 Under Previously Announced Friends and Family Financing CommitmentsAccess Newswire•Jul 14, 2026•Fortuna
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Cora Gold up 13% after it lands $120m stream financing to fund Mali projectProactive Investors•Apr 17, 2026•Cora Gold, Fortuna, Detik
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Toubani Resources Secures A$395 Million Funding to Boost West African Gold ProductionTipRanks•Oct 10, 2025•Toubani Resources, Fortuna
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Canyon Resources Receives $24.5M Capital InjectionGlobeNewswire•May 21, 2025•Canyon Resources, Fortuna
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Canyon Resources Receives $24.5M Capital Injection from Eagle EyeBenzinga•May 21, 2025•Canyon Resources, Fortuna
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Toubani Secures $29M in Funding and $250M Debt for Mali Gold ProjectThe West Australian•Apr 30, 2025•Toubani Resources, Fortuna
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First Fortuna shifts investment in FWCT, sells 1.96 million sharesIDNFinancials•Mar 10, 2025•Fortuna, PT Wijaya Cahaya Timber Tbk
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Singaporean investor First Fortuna Holdings bought 452 million Wijaya Cahaya Timber (FWCT) sharesIDNFinancials•Feb 16, 2024•Fortuna, PT Wijaya Cahaya Timber Tbk
