Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

How US military power depends on China’s rare earths

June 11, 2025

Chinese GoPro rival Insta360 sees strong debut in Shanghai IPO as firm eyes expansion

June 11, 2025

Chinese GoPro rival Insta360 sees strong debut in Shanghai IPO as firm eyes expansion

June 11, 2025
Facebook X (Twitter) Instagram
Wednesday, June 11
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Sequoia to Reap 25-Fold Return from Wiz’s Sale to Alphabet
USA

Sequoia to Reap 25-Fold Return from Wiz’s Sale to Alphabet

adminBy adminJuly 1, 2007No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 34


(Bloomberg) — Wiz backer Sequoia Capital is poised to deliver a return of about 25 times its invested capital from the cybersecurity startup’s pending sale to Google parent Alphabet Inc., according to a person with knowledge of the matter.

Most Read from Bloomberg

The multiple on invested capital, known as MOIC, is calculated based on Sequoia’s roughly 10% stake in Wiz, which Alphabet agreed to buy for $32 billion in cash. Sequoia is set to reap about $3 billion from the sale, said the person, who asked not to be identified discussing private information.

Sequoia is one of several venture capital firms that invested in Wiz that are now on track to reap big gains. Index Ventures has a stake of about 13% of the company, and Insight Partners has a stake of about 8%, according to people familiar with the information. Sequoia, Insight and Index declined to comment on the deal.

Meanwhile, Israeli venture capital firm Cyberstarts is set to gather $1.3 billion after backing Wiz with $46 million — an MOIC of 28.

And Wiz backer Greenoaks Capital Partners is poised to secure about $2 billion from the transaction, according to a separate person familiar with the matter. Greenoaks invested roughly $300 million in Wiz, and based on that amount, the firm’s MOIC from its bet is 6.67.

Representatives for Greenoaks and Cyberstarts declined to comment.

Wiz will join the Google Cloud business after completion of the deal, which would be Alphabet’s largest to date. Wiz’s platform aims to prevent cybersecurity breaches in the cloud.

“Wiz and Google Cloud share a vision to improve security by making it easier and faster for organizations of all types and sizes to protect themselves, end-to-end, across all major clouds,” Sequoia partner Doug Leone wrote in a blog post Tuesday. “This will help spur the adoption of multicloud cybersecurity.”

In 2020, Sequoia and Cyberstarts led a $20 million seed round for Wiz and participated in other funding rounds, including a so-called Series A with Index Ventures and Insight Partners.

“The team quickly hit on the insight that cloud security needed a simpler, agentless architecture for an increasingly complex digital world,” Leone wrote Tuesday.

–With assistance from Kate Clark and Andrew Martin.

(Adds investor detail starting in the third paragraph.)



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

USA

US charities plan for cuts as Trump budget targets investment returns

June 11, 2025
USA

how the old economic order fell out of favour

June 11, 2025
USA

US says trade talks with China ‘going well’

June 10, 2025
USA

Citi to boost provision for potential bad loans on US economic worries

June 10, 2025
USA

An ever riskier world economy

June 10, 2025
USA

EU targets Chinese plywood in latest defence of domestic industries

June 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Budget FY2025-26: Pakistan govt proposes ‘Carbon Levy’ on petrol, diesel – Markets

June 10, 2025

Budget 2025-26: auto sector faces mixed fortunes amid tariff reforms, carbon tax – Markets

June 10, 2025

Budget 2025-26: Pakistan govt proposes 18% tax on imported solar panels – Markets

June 10, 2025

Pakistan increases defence spending by 20% after recent clashes with India – Business & Finance

June 10, 2025
Latest Posts

New taxes to make online shopping costlier – Business

June 11, 2025

‘Non-filers’ to face the music as income tax rates come down – Business

June 11, 2025

Budget FY26: Pakistan targets 4.2pc growth, slashes overall spending – Business

June 10, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • How US military power depends on China’s rare earths
  • Chinese GoPro rival Insta360 sees strong debut in Shanghai IPO as firm eyes expansion
  • Chinese GoPro rival Insta360 sees strong debut in Shanghai IPO as firm eyes expansion
  • ‘Gunpowder’ price wars, how China’s BYD is transforming Europe’s market: 7 EV reads
  • Fans of Malaysia’s Rafizi face police investigations as internal party feud intensifies

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

How US military power depends on China’s rare earths

June 11, 2025

Chinese GoPro rival Insta360 sees strong debut in Shanghai IPO as firm eyes expansion

June 11, 2025

Chinese GoPro rival Insta360 sees strong debut in Shanghai IPO as firm eyes expansion

June 11, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.