Current and prior notable investments.
Mene Inc. (Private)
Menē designs, manufactures, and markets timeless 24 karat gold jewelry under the brand name Menē. We retail our jewelry direct-to-consumer through a transparent and empowering online shopping experience. On our website, customers can buy, sell, and exchange their jewelry by weight at the prevailing daily price for gold as quoted on the international bullion markets.
Menē was founded by Roy Sebag and Diana Widmaier-Picasso who serve as Chief Executive Officer and Chief Artistic Officer respectively. The artistic direction and design of Menē jewelry is led by Chief Artistic Officer Diana Widmaier-Picasso and Creative Director Sunjoo Moon.
Menē (pronounced “meh-ney”) is an ancient Aramaic word with a deep meaning that reminds us of the historic link between gold, jewelry, money, and savings.
Goldmoney Inc. (TSX: XAU) (ADR: XAUMF)
In 2013, Roy Sebag along with Josh D. Crumb founded BitGold, the predecessor for Goldmoney Inc. Over the last 3 years, Goldmoney Inc. has become the world's largest 100% reserved gold payments and savings network. The company looks after nearly $2 billion of physical precious metals for 1.3 million clients in 160 countries. Goldmoney went public on the Toronto Stock Exchange in 2015 and has raised circa $100 million from some of the world's leading investors including: George Soros, Albert D. Friedberg, Eric Sprott, Adam R. Fleming, Wellington Management, Capital Research Group, Robeco, and others. Goldmoney is based in Toronto, Canada with offices in Jersey, Channel Islands and New York, USA.
In March of 2008, Roy Sebag provided seed financing to PPDai, China's first and leading peer lending network. Since then, PPDai has solidified itself as the market leader by creating a credit database of worthy borrowers and setting monthly records for loans matched. On November 15, 2013, PPDai received a $35 million investment from Alibaba Group.
PPDAI completed its IPO on the New York Stock Exchange under the symbol PPDF in the winter of 2017.
Natural Resource Holdings, Ltd. (Tel Aviv: NRH) (ADR: NRHYY)
In 2008, Roy Sebag, seeking asymmetric exposure to physical precious metals began to acquire natural resource deposits. These portfolio of deposits ultimately became Natural Resource Holdings, Ltd. a holding company engaged in the acquisition, development and ownership of natural resource assets with favorable long-term fundamentals. Since 2008, NRH has acquired 6 historically delineated deposits in North America hosting a combined 1,590,000 ounces of gold (compliant and historical resources), 60 million ounces of Silver equivalents (34.5 million Silver and 430,000 tonnes of Zinc/Lead, historical resources), and 280 million tonnes of iron ore (compliant resource). These deposits are owned or controlled within nearly 7,000 acres of land.
In October 2017, Roy Sebag decided to shift NRH's focus to mining cryptocurrencies such as bitcoin, bitcoin cash, ethereum, litecoin, and dash. This resulted in the acquisition of Bitfarms and NRH becoming one of the top performing equities in the history of the Tel Aviv Stock Exchange.
YPF Sociedad Anonima (NYSE: YPF) (BCBA: YPFD)
In April of 2012, Braavos Capital invested in the Argentinian energy company YPF after President
Christina Fernandez de Kirchner decided to seize a 51% stake in the company owned by
Spain's Repsol. In an interview with Bloomberg News, Roy Sebag explained his investment thesis:
"YPF is embarking on the path towards becoming a Petrobras or Petrochina, where there is a
state controlling the entity and its long-term vision, however the entity is run according to best
industry practices and in a method that delivers profitability. Argentina does not have much of a
hydrocarbon deficiency, meaning that at some point, given its resource endowment which far
exceeds internal demand, YPF will become a very profitable exporter of hydrocarbons.”