Private Investments
Our private investments open the door to a select group of innovative, fast‑growing companies that are not yet available on public markets. Each opportunity is carefully chosen to align with Elm’s investment themes.
This page highlights a number of our current private holdings and explains how they fit within our broader philosophy. Giving clients access to tomorrow’s potential leaders while keeping discipline on risk, valuation and long‑term impact.
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Crusoe
Crusoe AI is a vertically integrated AI infrastructure company that provides high-performance cloud computing with emphasis on sustainability and renewable energy use. The company serves tech firms and enterprises that require powerful GPUs and reliable infrastructure to train and run advanced AI workloads.
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Heidi
Heidi AI is an Australian health technology company specialising in AI-powered medical scribe software designed to streamline clinical documentation for healthcare professionals. Heidi AI is used globally, serving millions of patient interactions weekly and supporting over 100 countries and 200 medical specialties.
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Perplexity
Perplexity AI is a San Francisco-based company offering an AI-powered conversational search engine that synthesises real-time web data into clear, cited answers. It leverages large language models alongside live web crawling, delivering direct responses with clickable source links, which enhances trust and transparency for users.