Kleiner Perkins is having a very good week

Even whereas the tech trade remains to be fanning its face over Figma’s scorching IPO on Thursday, one other important tech IPO occurred this week: Ambiq Micro. On Wednesday, the chip maker for wearable gadgets noticed its shares climb from the preliminary worth of $24 to over $42 on Friday.

There’s one factor each corporations have in widespread: Kleiner Perkins was a serious investor.

So it’s been an excellent week for the venerable enterprise agency. Only for enjoyable, we’ve calculated the worth of Kleiner Perkins’ stake in every firm.

Kleiner bought 1,346,499 shares of Figma on the IPO worth of $33, Figma disclosed, and will have bought as many as 2,756,020 shares at that worth if the bankers exercised their choice to nab extra shares. Given how a lot demand outstripped supply for shares of Figma, we’re going to imagine the bankers will snap up the complete tranche (or they have already got).

In the meantime, Kleiner nonetheless holds 52,364,374 shares of Figma, the corporate says. Share costs are nonetheless fluctuating wildly in heavy buying and selling on Day 2, from about $110 to over $142, however closed Day 1 at $115, so we’ll use that quantity.

For Figma: An estimated $91 million returned from share gross sales and a remaining stake price greater than $6 billion (2,756,02 shares at $33 = $90,948,660, and 52,364,374 shares at $115 = $6,021,903,010).

For perspective, this stake in Figma alone is price 3x the final mega-funds the agency raised, which was $2 billion across two vehicles in 2024. By the best way, the Kleiner companion who oversaw its funding was Figma board member Mamoon Hamid.

Ambiq is a a lot smaller firm and it was a a lot smaller IPO. It bought a complete of 4 million shares and raised $96 million for itself in its IPO. Current shareholders are topic to the traditional 180 days lockup earlier than they will promote. Kleiner holds 2,081,831 shares, the company disclosed. Shares are nonetheless buying and selling at a premium to the IPO worth as of Friday and closed Thursday at $43.85. So we’ll use that worth.

Ambiq stake: $91.3 million (2,081,831 at $43.85 = $91,288,289).

However wait! There’s extra. Kleiner can be having a very good month and presumably 12 months (Kleiner has declined remark for this story).

The agency reportedly scored an honest return earlier this month as a part of Google’s deal to license tech from Windsurf and rent away its prime expertise. We don’t know precisely how much of the $1.1 billion or so VCs obtained from the Windsurf deal went to Kleiner particularly. However TechCrunch’s Marina Temkin stories the overall return was about 3x the unique funding.

And at the least yet another Kleiner-backed firm is ready within the wings to IPO. Fleet monitoring startup Motive Applied sciences raised $150 million led by Kleiner Perkins, with Ilya Fushman becoming a member of the board, the corporate announced this week. Bloomberg reported in December that Motive is gearing up for an IPO, probably nonetheless in 2025.