Here’s Who Made Money On Ring’s $1B+ Purchase
Business StartupsVenture
February 28, 2018
Alex Wilhelm is the Editor in Chief of Crunchbase News, covering the intersection of startups and money.
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Morning Report: Amazon spent a lot of money on a thing called Ring. Who put money into it? These folks.
The Show That Shall Not Be Named missed the boat on
Ring, a WiFi-connected doorbell company. But 21 individuals and groups did not. And now that
Amazon has spent over $1 billion on the smart home company, those folks made out pretty well.
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But too often we don’t really spend much time looking at the folks behind the deal. So in that vein—and bearing in mind
the usual Crunchbase News disclosures given that some of these people might own part of our parent company—here’s the list, first of rounds, and then investors, that Ring picked up before it exited to one of Seattle’s giants.
How Much
For reference, that sums to $209.2 million, giving Ring a roughly 5x multiple on invested capital. For how that fits into the greater constellation of exits,
check here.
Who Came Out Ahead
And here’s
the list of who put capital into the company, in paragraph form, as bulleted lists get long in the tooth after the fifth entry. From top to bottom: Kleiner, First Round, Goldman, CRV, True, Felicis, Qualcomm Ventures, Upfront, VTF Capital, QueensBridge Ventures, Cherubic Ventures, DFJ Growth, Shea Ventures, Virgin Group, Amazon Alexa Fund, Grishin Robotics, Sidekick Fund, American Family Insurance, Konstantin Othmer, Stephen Russell, Shea Tate-Di Donna.
Look at all those people smarter than a stupid television show.
Here's Who Made Money On Ring's $1B+ Purchase - Crunchbase News
Nas personal Investments.
https://www.crunchbase.com/person/nasir-bin-olu-dara-jones/investments/investments_list
QBVP Investments
https://www.crunchbase.com/organiza...estments/investments_list#section-investments
Emagen Investment Group
https://www.crunchbase.com/organization/emagen-investment-group-inc/investments/investments_list