How a $ 6 million bet on WIZ turned into a huge 200x return for one early supporter

Wiz”s 32 billion dollars of Cass by Google Parent Alphabet is the huge payment day for investors in the early stage to start cyber security.

The deal is a big victory for Sequoia, one of the well -known VC companies, which will make $ 3 billion, about 25x the money you invested in the company, I mentioned Bloomberg. Despite great returns for limited Sikoya partners, the percentage gains will be much lower than other Backer factors: VC Cyblestarts based in Israeli.

Cyberstarts, which focus on cybersecurity, invested $ 6.4 million from its first fund 54 million dollars towards the Wiz’s SEED tour in February 2020.

Today, this fund has 4.1 % of WIZ, which means that it is ready to make $ 1.3 billion on the deal, according to a person familiar with the company’s performance. He also sold Cyberstarts previously $ 120 million of Wiz stock shares in secondary transactions, raising the total return of the fund to $ 1.42 billion – a noticeable return 222X on the original investment.

Cyberstarts also participated in Wiz tours in the following stage, invested a total of $ 40 million from the opportunity box. These investments are now worth $ 128 million, which is 3.2X’s more modest return on the invested capital, said a person familiar with the performance of Cyberstarts Techcrunch.

“Cyberstarts will get one of the best boxes in VC’s history”, Goldman tea, partner at Next Wave NYC, Books on x. “This investment has been made from their opening fund, which is a good reminder that Box 1 can be amazing to return to LP.”

Cybstarts was not an ordinary young man when it closed its opening fund in 2018. Gili Raanan, who previously spent nearly nine years as a SICO general partner leading its investment strategy in Israel.

The small box of $ 54 million has already achieved multiple 26x on its limited capital. This is not counted even other possible exits, such as Al -Jazeera, and according to what is reported, an emerging company raises capital in a Evaluation of $ 4.5 billion.

Index Ventures, which has a 12 % stake in Wiz, is preparing to make more than $ 3.8 billion once the sale is complete, Reuters mentioned.