Alien Technology Valued at $577 Million
Filed in archive Market Size by Anita Campbell on January 31, 2006
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 partnerswho 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.
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