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Chronicles

The story behind the story

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1Password founders sold a $75M stake as part of a $100M secondary sale, valuing the company at $6.8B, the same valuation as its $620M Series C in January 2022

1Password founders have agreed to sell a $75 million stake to a fund established earlier this year by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney. LinkedIn: Matthew Nordby . Mastodon: @ianb@mastodon.well.com LinkedIn: Matthew Nordby : Excited to announce our partnership with 1Password as they embark on their next phase of growth!  The Flume Ventures team looks forward to working alongside David Faugno & Ryan Smith. … Mastodon: Ian Betteridge / @ianb@mastodon.well.com : Nothing against 1Password, which I used to use and like, but on what planet is a company that makes a password manager worth SIX POINT EIGHT BILLION DOLLARS?  —  https://www.bloomberg.com/...

Bloomberg