Notable transactions representing M&A targets and buyers include:

• Flipkart in Walmart’s $16 billion investment (at closing, the second largest M&A exit of a VC-backed company)
• The following companies in their sales to Cisco:
  • Duo Security ($2.35 billion)
  • AppDynamics* ($3.7 billion)
  • Kenna Security
• Ahana in its sale to IBM
• Airkit.ai in its sale to Salesforce.com
• Amgen in its acquisition of Rodeo Therapeutics for up to $721 million
• Arctic Wolf in its acquisition of Tetra Security
• Cornershop in multiple transactions resulting in its acquisition by Uber (Latin Lawyer’s Private M&A Deal of the Year)
• Corvus Insurance in its $435m sale to The Travelers Companies
• Coupa in over ten acquisitions of software companies (including of LLamasoft for $1.5 billion)
• Flatiron Health* in its sale to Roche for $1.9 billion
• Flexport in its acquisition of the Deliverr business from Shopify
• Hims & Hers in multiple acquisitions of telehealth businesses (and in its combination with a SPAC)
• Learneo in its acquisition of the Digital Student Solutions business from Barnes & Noble Education
• Miroculus its sale to INTEGRA Biosciences
• Newfront Insurance in its combination with ABD Insurance (combined enterprise valued at $1.35 billion)
• NGINX in its $670 million sale to F5
• Power Finance in its $275 million sale to Marqeta
• Rêv Worldwide in its acquisition of Global Payment’s NetSpend business for $1 billion
• ShopKeep in its $440 million sale to Lightspeed POS
• The Athletic in its $550m sale to The New York Times Company
• Wisely in its $187 million sale to Olo

In addition, John represents investors in M&A exits of their portfolio companies, including a consortium of the principal investors (Index, Kleiner Perkins, Greylock) in Figma in the $20 billion proposed sale to Adobe (since abandoned by the parties due to regulatory headwinds), and Thrive Capital in the $7.5 billion acquisition of GitHub by Microsoft.

Representations denoted by * were prior to joining Gunderson Dettmer.