![]() and Ramat Gan, Israel-based cloud native security company, raised $135 million in Series E funding, valuing it over $1 billion. Which,even by a very rough, back-of-the-envelope calculation = mega, mega returns. ![]() Having first invested in a $2.9 million Series C round in the company back in 2008, Altos Ventures gradually added to its stake over time, investing roughly $141 million in the far meatier Series F, G and H rounds, according to Roblox’s prospectus. It also turned Altos Ventures’ stake in Roblox worth $7.5 billion. The valuation of the company rose as high as $45 billion on a fully-diluted basis, making CEO Dave Baszucki a billionaire four times over. ![]() ![]() Covering the recent spate of public debuts this week, one name jumps out: Altos Ventures.įounded in 1996 with a focus on early-stage investments, Altos Ventures invests across both South Korea and the U.S., and has picked up stakes in businesses including Chowbus, Quizlet, and Toss Bank.Īlong the way, the investment firm also picked up a substantial stake in gaming company, Roblox, which, as you may have read, went public via direct listing on Wednesday, soaring on its debut. ![]()
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