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New Deal


Announced

Completed

a16z led a $25m Series B round in Fly.io.

Financials

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Transaction Value£20m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

Completed

Friendly

United States

Acquisition

Venture Capital

Domestic

apps

Digital Services

Private

Minority

digital solutions

Single Bidder

Synopsis

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a16z, a private equity firm led a $25m Series B round in Fly.io, an app developer, with participation from Intel Capital, Dell Technologies Capital, Initialized Capital and Sam Lambert. “So we deploy our own hardware. We’re not built on top of other. Developers are building applications, particularly real-time applications where responsiveness to user interactions matters a lot. So basically they use us to just ship their stack in whatever country they happen to be in,” Kurt Mackey, Fly.io co-founder and CEO.

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