#2 all-time Exit · July 2017

AVG

→ Avast 🇨🇿

€1.14B≈ CZK 28.5B

Avast bought it. Then someone bought Avast. Circle of life.

AVG was sold to Avast (Czechia) in July 2017 for €1.14B (about CZK 28.5B). It ranks #2 among Czech tech exits with a disclosed price. Founded in 1991, it took 26 years to get there. The company was founded by Grisoft Software and Tomáš Hofer. It raised €136M from investors and sold for 8.4× that.

Buyer: Avast
Buyer country: 🇨🇿 Czechia
Founded: 1991
Founding to exit: 26 years
Founders: Grisoft Software, Tomáš Hofer
Raised from investors: €136M
Multiple: 8.4×