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Sequoia strikes gold with Unity’s IPO filing

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A big payday is on the way for Sequoia and its partners, assuming they beat the final boss.

Today after much anticipation, video game engine Unity filed its Form S-1 with the SEC as it prepares a roadshow to go public in the coming weeks. We discussed quite a bit about Unity’s business fundamentals, product design, origin story, and more late last year on Extra Crunch, so definitely check out that deep dive article for more background on the game engine and simulation company.

Now that the ownership information is out though, it’s clear that there is going to be one huge winner in the IPO, and that is Sequoia.

According to the docs, Sequoia’s total ownership of the company is roughly 24.1% today. The company was last valued at around $6 billion in mid-2019, and we will see how the shares perform with investors in the coming week. But owning nearly one quarter of billions of dollars is a huge return for the venture capital firm.

The other major VC investor was Silver Lake, which owns 18.2% of the company after an initial 2017 investment that was labeled as “up to $400 million.” Among founders and execs, 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 a total of 782 shareholders on record.

What’s interesting about Sequoia’s stake is how much it has grown over the years since the firm’s initial Series A investment into Unity more than a decade ago back in 2009. Take a look at this table of all of Sequoia’s investments from its various funds over the years:

While Sequoia did indeed get in early with the video game platform, what’s been key for it over the years has been buying up additional shares through growth investing as well as buying out common shares, presumably from earlier investors, employees, and perhaps founders as well. It’s original investment out of its twelfth fund owns 10.28%, but its growth funds collectively own another 13.82%.

Finally, here’s a chart of Unity’s share price growth since its Series A all the way up to the present day:

Unlike Palantir’s numbers, which we reported on Friday from a leaked copy of its S-1 filing, Unity has shown a relatively up and to the right exponential growth curve in price over the last ten years, with a huge gap in funding between its Series B in 2011 and Series C in 2016. Now, let’s see how the public markets react.

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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