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April 12, 2019

Falk Marques Newsletter Mighty Capital Spotlight

Women's PE Briefs

This In the Spotlight e-newsletter mention, written by David Barry was published and tweeted by Falk Marques Group on 4/12/2019.

In the Spotlight …

Mighty Capital, whose founder and managing partner is SC Moatti, has its first liquidity event. SC tells Women’s PE Briefs that the firm sold a small portion of its first investment, Amplitude. The firm, she said, was approached by several buyers after Sequoia Capital led Amplitude’s $80-million Series D round late last year, a round that valued the company at a reported $850 million. SC did not disclose terms of the transaction, who the buyer was or how much of the firm’s stake was sold, but she did say that it “returned several times its capital.”

Based in San Francisco, Amplitude utilizes advanced analytics to help companies understand user behavior. The company’s customers include: Microsoft, Square, HubSpot, LogMeIn, and PayPal. Amplitude is also backed by: Lead Edge Capital, Battery Ventures, Benchmark Capital, and IVP. Mighty first invested in Amplitude in 2017, but SC said that the firm had been advising the company prior to that.

For Mighty Capital, the sale of a stake in Amplitude comes less than 18 months after the firm raised its first fund. SC said that the firm looks at the exit as “just a beginning,” as two of its other portfolio companies, Airbnb and DigitalOcean, are seen as IPO candidates in the coming year.

Prior to Mighty, SC held key roles with Facebook, Nokia and Electronic Arts. She is also founding partner of Products That Count, a global community of product managers, leaders and founders. Mighty focuses on companies building “products that count.” It seeks to invest in later-stage companies in the San Francisco Bay Area, alongside top VCs. Mighty’s team includes investment partner Jennifer Vancini.

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