Brothers Ben and Moisey Uretsky have a stake worth more than $630 million from DigitalOcean's IPO. Here's who else got rich from the cloud company's debut.

  • DigitalOcean has been backed by Andreessen Horowitz and Access Technology Ventures.
  • The company raised $775 million from its IPO late Tuesday. Its shares closed at $43.64.
  • Its two cofounders, brothers Ben and Moisey Uretsky, have a combined stake worth $636 million.
  • See more stories on Insider’s business page.

Access Industries: $1.03 billion

Access Industries’ venture capital arm Access Technology Ventures has led two of DigitalOcean’s biggest funding rounds — its $83 million Series B and a $50 million Series C.

Pueo Keffer, Access Technology Ventures managing director, has served on the company’s board since 2015. From these two key investments, Access held a 26.6% stake headed into DigitalOcean’s IPO. 

Its stake is:

  • 23.74 million shares

 At $43.64 a share, its shares are worth $1.03 billion.

Andreessen Horowitz: $683.5 million

Elite venture capital firm Andreessen Horowitz has participated in three of DigitalOcean’s largest equity rounds, including leading the $37.2 million Series A1 in 2014. The firm has also participated in a $83 million Series B in 2015 and a $50 million Series C raised last year. 

Andreessen Horowitz general partner Peter Levine has served as a member of DigitalOcean’s board of directors since 2014.

Its stake is:

  • 15.66 million shares

 At $43.64 a share, its shares are worth $683.5 million.

IA Ventures: $646.2 million

IA Ventures believed in DigitalOcean’s mission early on.

The firm was the leading investor in DigitalOcean’s first seed round of $3.41 million and also participated in its $37.18 million Series A1.

Its stake is:

  • 14.8 million shares 

 At $43.64 a share, its shares are worth $646.2 million.

Moisey Uretsky, cofounder: $352.3 million

Moisey Uretsky and his brother, Ben, founded the cloud computing DigitalOcean in 2011 with Mitch Wainer, whom they initially met through Craigslist. 

From starting out in the TechStars accelerator program to raising money from Andreessen Horowitz and Access Industries, DigitalOcean has received $395.75 million in venture funding in the past decade before going public.

Uretsky served as the company’s chief product officer from its inception until 2017, when he stepped down to remain on the board. He is one of six cofounders, along with his brother and Wainer, in Welcome Homes, a real estate tech company and is an active investor in startups.

His stake is:

  • 8.07 million shares

 At $43.64 a share, his shares are worth $352.3 million.

Ben Uretsky, cofounder: $284.3 million

Ben Uretsky served as the company’s CEO from its inception until 2018 when he stepped down to remain a board member. He’s also a cofounder in Welcome Homes, a real estate tech company and also serves as the company’s COO.

His stake is:

  • 6.51 million shares

 At $43.64 a share, his shares are worth $284.3 million.

CEO Yancey Spruill: $63.6 million

Yancey Spruill joined DigitalOcean as CEO in June of 2019. He was previously the COO and CFO at email marketing company, SendGrid and CFO at geospatial imagery company, DigitalGlobe.

His stake is:

  • 1.46 million shares in exercisable options.

 At $43.64 a share, his shares are worth $63.6 million.

Chief Operating Officer Jeff Guy: $6.36 million

Jeff Guy joined DigitalOcean in February 2020 as the company’s chief operating officer. Before joining DigitalOcean, Guy spent nine years at DigitalGlobe/Maxar, a space infrastructure and earth observation analytics company. 

His stake is:

  • 145,833 shares in exercisable options.

 At $43.64 a share, his shares are worth $6.36 million.

Chief Marketing Officer Carly Brantz: $5.93 million

Carly Brantz has been the chief marketing officer of DigitalOcean since January of 2020. Brantz was previously the VP of revenue marketing at SendGrid before joining the company.

Her stake is:

  • 135,937 shares, most of which are from exercisable options.

 At $43.64 a share, her shares are worth $5.93 million.

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