Alphabet's $32 billion Wiz deal promises windfall for VC backers

Quick Summary:

The venture capital firms that invested in cybersecurity firm Wiz, which agreed to a $32 billion buyout by Google's parent Alphabet, stand to reap returns as high as 200 times for seed investors, among them Sequoia Capital, Cyberstarts and Index Ventures.

When the team founded Wiz in 2020, Cyberstarts, Index Ventures and Sequoia were quick to invest.

After committing more in later rounds, it now owns about a 10 per cent stake in Wiz and could reap $3 billion from the sale, sources said.

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Category: EconomyBusiness

Markets: SingaporeIsrael

Topics: Million Other Cyberstarts Firm Capital Billion Seed Google Invested Company Years

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 07:01:30 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Channel News Asia

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