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San Francisco-based Unity, valued at $2.6 billion, will use the money to reward longtime employees and continue its democracy path.
A big chunk of it is secondary and that’s because it makes sense to let employees buy cars. In terms of primary capital we don’t ultimately need all that primary capital—the capital is safety when we’re investing to grow as fast as we are.
John Riccitiello, chief executive officer of Unity Technologies
Founded in 2004, the company behind on of the most popular game engines is on a path of democratizing game development. You can run Unity games on any platform without huge costs related to porting the games to each new platform and that takes a lot of effort. The company feeds about 1,400 employees to get Unity-based games to 2.4 billion devices.
The second act that I think attracts a lot of investors and investor interest is the fact that we have about 70 percent of AR and VR content built on Unity. We’ve got a first wave that is going really really well and we have a second one that is dominant.
John Riccitiello, chief executive officer of Unity Technologies
Egon Durban, a managing director at Silver Lake, oversaw the investment. There was another $181 million investment in July 2016 led by DFJ that valued the company at about $1.5 billion. Neither DFJ nor early investor Sequoia sold shares as of this day.