Sources: Index is Wiz's largest outside shareholder, with an 11%+ stake; Sequoia owns 10%+, Insight owns ~9%, Greenoaks owns ~5%, and Cyberstarts owns ~4%
At Google's $23 billion price, Index Ventures' stake in the cybersecurity startup Wiz is worth an impressive $2.5 billion. The potential sale, contingent on negotiations and regulatory approval, could also rake in billions for Sequoia & Insight. More here w/ @nmasc_ @aaronpholmes
New: Four of Wiz's biggest backers collectively stand to return at least $7 billion on their investments if the $23b Google acquisition goes through. Also: Wiz has $500m ARR; targeting $1b this year; had $100m in losses over past year https://www.theinformation.com/ ...
Potential $7B windfall for VC backers of @wiz_io is on par with Adobe-Figma, except Google-Wiz is more likely to pass antitrust review. https://www.theinformation.com/ ... @KateClarkTweets @nmasc_ @aaronpholmes [image]