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29 Dec

2017: VC top exits

This week, we are going to present the top VC exits of 2017. Even if China has significantly strengthened its influence in VC investments, when it comes to exits, US companies still dominate deal value. The five largest VC-backed exits this year, including Snap’s IPO, were US-based.

1. AppDynamics—$3.7 billion corporate acquisition in January
Cisco acquired AppDynamics in one of the most shocking exits of 2017. The deal was announced just a day before the maker of an application performance management tool was set to debut on the stock market in what would have been the first major tech IPO of the year.

2. Snap—$3.4 billion IPO in March
Snap’s debut on the NYSE was one of the most anticipated IPOs of 2017. The social media company raised $3.4 billion by selling 200 million shares for $17 a piece, though the price has fallen since.

3. Chewy—$3.35 billion acquisition in May
Founded in 2011, Chewy is one of the major up-and-comers in the ecommerce sector. The company had raised nearly $200 million from firms including Greenspring Associates and Volition Capital before being acquired by PetSmart.

4. IFM Therapeutics—$2.3 billion corporate acquisition in September
Bristol-Myers Squibb bought IFM, a biotech that develops small-molecule drugs to treat cancer and inflammatory diseases. The company had previously raised a $27 million Series A at a $50 million valuation in 2016 from backers including Atlas Venture.

5. Bai—$1.7 billion corporate acquisition in January
The Dr Pepper Snapple Group used the purchase to add to a beverage lineup that already included 7UP, Canada Dry and Schweppes, among several other brands. Bai, which makes antioxidant-infused drinks, had raised VC funding from investors including Strand Equity Partners and CAVU Venture Partners.

 

Source: Pitchbook.com

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