Adam Karam, cofounder and VP of product: $1.John Krystynak, cofounder: $1.6 billion.Our approach to portfolio construction increases our Sharpe ratio relative to standard venture, while minimizing J-Curves and improving hit rate. Adam Foroughi, cofounder and CEO: $1.8 billion Nimble Partners is a Silicon Valley focused Seed, Series A fund, executing an alignment strategy with our early stage fund managers, who are domain experts.The big individual winners of AppLovin's IPO, according to its S-1: AppLovin raised $2 billion prior to its IPO, according to PitchBook. Instead, Orient Hontai backed the startup with $841 million in debt financing, and got a stake worth $1.7 billion when AppLovin IPOed. In 2016, private equity firm Orient Hontai Capital planned to acquire AppLovin before the deal was called off. KKR bought a stake in AppLovin in 2018, and it paid off, ballooning to $6.8 billion in value after the first day of trading. Shortly after going public this spring, AppLovin acquired mobile measurement firm Adjust for a reported $1 billion, Bloomberg reported. And they are allowed to sell their stock after a lockup period, which typically lasts between 90 to 180 days.Ĭlosing share price on first day of trading (April 15): $65.20ĪppLovin has ridden the huge surge in mobile M&A this year from the uncertainty of Apple's privacy changes on ad targeting, rising adtech stocks, and consumers spending more time with gaming apps. Explore jobs, salary, equity, and funding information. The shareholders could end up cashing in even more - or not as much - depending on the performance of the companies' shares. View founders and team members of Nimble Ventures on AngelList. We calculated all share classes at the public share price. Insider dug through the SEC filings of seven adtech companies that went public over the past year to see which founders, executives, and investors had the most valuable stakes at the end of the first day of trading. PALO ALTO, California, J/PRNewswire/ - Nimble, a pet tech company, announced the acquisition of Waggle Ventures Inc, a social platform for pet owners. Shares of The Trade Desk - the star public adtech company - soared 86% year-over-year as of August 12, while a parade of adtech companies have gone public. See more stories on Insider's business page.Īfter a few rocky years on Wall Street, advertising technology is hot again.Īdtech companies have benefitted from a massive shift from traditional advertising to digital platforms and e-commerce during the pandemic.Insider analyzed documents from seven IPOs to reveal who made the most money.Founders, top execs and venture investors have gotten rich off the boom. ![]() ![]() A growing number of adtech companies have gone public over the past year.Account icon An icon in the shape of a person's head and shoulders.
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