Case study: Spotify
2018 Spotify success story:
Since 2014, we invested $58 million in Spotify over five different tranches for both our institutional and family office investors
In the run-up to the IPO, we successfully exited our original 2013 investment, generating an IRR of 48.2% and 4.9x multiple of invested capital (Exit value of $267 million)
Ahead of the Spotify IPO filing, we privately sold a block of Spotify shares to Tencent (one of the world’s leading technology companies) for one of the highest pre-IPO valuations
On listing date we exited, selling our remaining Spotify shares at the highest trading price, demonstrating Ventura’s best-in-class execution capabilities.