Sapho

→ Citrix 🇺🇸

€190M≈ CZK 4.75B

Four years after founding, Citrix pays almost €200M.

Sapho was sold to Citrix (USA) in November 2018 for €190M (about CZK 4.75B). It ranks #11 among Czech tech exits with a disclosed price. Founded in 2014, it took 4 years to get there. The company was founded by Fouad ElNaggar and Peter Yared. It raised €12.7M from investors and sold for 15× that. Investors: Caffeinated Capital, Bloomberg Beta and AME Cloud Ventures.

Buyer

Citrix

Buyer country

🇺🇸 USA

Founded

2014

Founding to exit

4 years

Founders

Fouad ElNaggar, Peter Yared

Investors

Caffeinated Capital, Bloomberg Beta, AME Cloud Ventures

Raised from investors

€12.7M

Multiple

15×

Converted

• 67.9 millionbeers
• 19 millionplates of svíčková
• 6,337Škoda Octavias
• 634Lamborghinis
• 528Prague flats
• 4.8superyachts
• 1.3tickets to the Moon