Pitchbook – Greylock Celebrates its 53rd Anniversary With 2 IPOs in 2018

Greylock Partners is one of the oldest Venture Capital firms in the world. And it has a portfolio full of blockbuster investments to show for its long tenure in the tech world.

Greylock Partners invests at every stage, from seed to early stage to growth. The firm is currently investing out of its 15th flagship fund, which closed on $1.1 billion in 2016.

Greylock’s most recent success was the IPO from its portfolio company Zuora, a business software provider that went public earlier this week at a valuation of roughly $1.4 billion. The Zuora IPO comes hot on the heels of the public offering from Dropbox, which Greylock first backed seven years ago. The 2011 investment in the cloud-storage company totaled $250 million, the ninth-largest VC round in the US that year, per the PitchBook Platform. When Dropbox went public in March at a valuation of about $9.2 billion, early investors saw big paydays.

It’s putting all that capital to work: Greylock ranks 20th among the most active venture capital investors in the US since the beginning of 2008, per PitchBook data, behind a handful of VC powerhouses like Sequoia, Accel and Kleiner Perkins Caufield & Byers.

Greylock has made 459 investments in the last decade, including 44 in the past 12 months. In total, the firm has made around 900 investments since it was founded more than 50 years ago.

Based in Menlo Park, California, Greylock backs consumer and enterprise software companies in a variety of industries, including SaaS, commerce, marketplaces and social. That preference is reflected in its investments by deal type, which shows that the majority of its capital goes to companies in the information technology sector.

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SOURCE: PitchBook
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