Home News The VC and founder winners of DoorDash’s IPO – TechCrunch

The VC and founder winners of DoorDash’s IPO – TechCrunch


After years of rumors and high-flying headlines, we lastly have the S-1 for DoorDash. Alex has covered the primary details, however I figured it might be good to dive in so we are able to see who’s raking within the returns on the nation’s supply startup champion.

DoorDash’s submitting signifies that the corporate raised a mixed $2.485 billion in capital throughout a seed spherical and eight rounds Sequence A-H. The three VC companies with the most important holdings famous within the submitting have been the SoftBank Imaginative and prescient Fund, Sequoia and Singapore’s GIC funding fund, listed right here as Greenview (no relation to the hashish fund of the identical identify that was charged with fraud a few years ago).

DoorDash’s most up-to-date per share valuation was $45.91 for the Sequence H again in June. Shares bought by traders over the complete lifetime of the corporate had a median worth of $8.73.

We’ll dive into the VCs and who gained right here in a second, however first, I wish to talk about the founders and their possession stakes. Co-founder and CEO Tony Xu at the moment owns 5.2% of DoorDash, in line with the submitting, which doesn’t embody any future efficiency incentives. Co-founders Andy Fang, who’s CTO, and chief product officer Stanley Tang each personal 4.7% of the corporate. A fourth co-founder, Evan Moore, previously head of operations at DoorDash and now a associate at DoorDash’s seed investor Khosla, doesn’t have his possession listed, as he’s not an energetic government with the corporate.