Alien Technology Valued at $577 Million

Filed in archive Market Size on January 31, 2006

Here is an interesting tidbit about venture capital activity involving RFID companies.

Quan Ventures recently exited its investment in Alien Technology, bringing more than a 2-for-1 return to investors. In the process, Alien Technology was valued at $577 Million, as noted in the Quan Ventures website (News section) in this single paragraph:

On January 17th, Quan Ventures II closed on the sale of its Alien Technology shares to an existing Alien investor. The transaction valued Alien at $577 million, providing a 2.1x cash return. In addition, limited partners who co-invested in Alien were included in the transaction, providing them returns of 1.2x to 1.3x their total investment just from Cyota and Alien proceeds. Alien is a major provider of radio frequency identification (RFID) chips and readers, primarily serving the supply chain market.

Quan invested in Alien Technology in 2000. Not a bad return. Tip courtesy of The Alarm Clock.