A huge payday is on the method for Sequoia and its partners, presuming they beat the last manager.
Today after much anticipation, computer game engine Unity submitted its Type S-1 with the SEC as it prepares a roadshow to go public in the coming weeks. We went over a fair bit about Unity’s service basics, item style, origin story, and more late in 2015 on Extra Crunch, so definitely check out that deep dive short article for more background on the game engine and simulation business.
Now that the ownership details is out though, it’s clear that there is going to be one big winner in the IPO, which is Sequoia.
According to the docs, Sequoia’s total ownership of the business is approximately 24.1% today. The business was last valued at around $6 billion in mid-2019, and we will see how the shares perform with financiers in the coming week. However owning almost one quarter of billions of dollars is a big return for the venture capital company.
The other significant VC investor was Silver Lake, which owns 18.2% of the business after an initial 2017 investment that was labeled as “as much as $400 million.” Amongst creators and officers, David Helgason, Unity’s founder and current board member, owns 4.4% and John Riccitiello, Unity’s current CEO, owns 3.4%. The filing says that there are an overall of 782 shareholders on record.
What’s interesting about Sequoia’s stake is just how much it has grown over the years because the company’s preliminary Series A financial investment into Unity more than a decade ago back in 2009. Take an appearance at this table of all of Sequoia’s investments from its numerous funds over the years:
While Sequoia did indeed get certainly early with the video game platform, what’s been key for crucial over the years has been has actually up additional shares extra growth investing as well as buying out purchasing sharesTypical presumably from most likely investors, employees, staff members perhaps founders. It’s initial financial investment out of its twelfth fund owns 10.28%, however its development funds collectively own another 13.82%.
Finally, here’s a chart of Unity’s share cost development given that its Series A all the method up to today day:
Unlike Palantir’s numbers, which we reported on Friday from a leaked copy of its S-1 filing, Unity has actually shown a reasonably up and to the right exponential development curve in cost over the last ten years, with a substantial space in financing in between its Series B in 2011 and Series C in 2016. Now, let’s see how the general public markets respond. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.