Index Ventures has turned a $245M investment in Wiz into $4.3B after news of a purchase by Google, Berber Jin of The Wall Street Journal reports. Index Ventures helped fund Wiz, eventually earning a 13% stake in the company. Five years after making its initial investment, this investment skyrocketed when Alphabet’s (GOOGL) (GOOG) Google agreed to buy Wiz for $32B.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Entertainment Software Association announces Accessible Games Initiative
- Google upgrades Gmail with AI-powered ‘most relevant’ search feature
- Amazon partner Anthropic announces ‘Claude can now search the web’
- Alphabet Class A put buyer realizes 63% same-day gains
- Musk’s X regains $44B valuation after equity raise, Bloomberg reports