Sources: after Google's $32B deal, each of Wiz's four co-founders is set to get $2B+ in post-tax cash; Index is set to net $4B, Sequoia ~$3B, and Insight $2.7B
Two years after rejecting a $23 billion offer, Israel-based Wiz secured the largest acquisition in Google's history …
Sources: Sequoia's Ravi Gupta and ex-Meta CRO John Hegeman seek to raise $1B+ for a holding company to acquire at least one company and infuse it with new tech
Sequoia Capital partner Ravi Gupta and former Meta Platforms Inc. Chief Revenue Officer John Hegeman are looking to raise …
Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M
New York Times :
Source: Sequoia Capital completed its $861M purchase of Stripe shares from Sequoia limited partners last week; Stripe didn't receive any proceeds
- It also could become a model for how VC firms deal with long-in-the-tooth portfolio companies. … - Some LPs exited completely …
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%
The Information :
Sources: Sequoia's China unit HongShan set up an office in Singapore and may compete with Sequoia's India-based Peak XV Partners for Southeast Asia investments
Sequoia's plan for three firms, a major shift, highlights the impact of rising US-China tensions and efforts by Silicon Valley to create distance from China
Sequoia Capital's plan to split itself into three separate regional firms represents a major shift at one the world's foremost venture capital firms.
Source: a holding company created by merging PrismHR and Vensure Employer Services acquires HR startup Namely, which raised $200M+ from Sequoia and others
Unity plans to merge with app monetization service ironSource, valued at $4.4B in the all-stock deal; Silver Lake and Sequoia will invest $1B after the merger
Unity to merge with app monetization service Ironsource, valued at $4.4B in the all-stock deal; Silver Lake, Sequoia will invest $1B in Unity after the merger
Update: the companies have confirmed the news here. IronSource is being valued at $4.4 billion in the all-stock deal.