"Access embraces disruptive thinking and big ideas."
— Eric Wu, CEO Opendoor
"Access is the long-term capital that perfectly aligns with our strategic objectives at DigitalOcean."
— Yancey Spruill, CEO DigitalOcean
"Access is a deeply committed partner to Chime providing both strategic insights and flexible, long-term capital."
— Chris Britt, CEO Chime
"We are very grateful for the support and partnership of Access."
— Evan Spiegel, CEO Snap
"Access is a great partner that delivers both financial resources and strategic value."
“Access supported us through our IPO and continues as a long-term public shareholder.”
— Sarah Friar, CFO Square
Our Investment Philosophy
At Access Technology Ventures, our mandate is to be flexible, long-term partners to market-leading technology companies.
We seek to invest in and build foundational companies that touch millions of customers across the consumer and enterprise technology ecosystems.
Access Technology Ventures is the $4+ billion venture capital and growth technology investment effort of Access Industries, a privately held, US-based industrial group with global strategic investments of $30+ billion. Our portfolio includes leading technology companies such as Alibaba, Amazon, Digital Ocean, Facebook, Opendoor, PinDuoDuo, Snap, Square, and Tencent Music.
Access Industries was founded in New York in 1986 by Len Blavatnik, a global entrepreneur and philanthropist.
Access Industries invests in industries where it can maximize long-term value by developing regional and global market-leading companies. The group is headquartered in New York, with an office in London.
In the News
March 26, 2021
Zhihu Inc. ("Zhihu" or the "Company") (NYSE: ZH), an iconic online content community in China, today announced that it has priced its initial public offering (the "IPO") of 55,000,000 American depositary shares ("ADSs"), at US$9.5 per ADS. The aggregate offering size of the IPO and the concurrent private placements described below is US$772.5 million, assuming the underwriters do not exercise their option to purchase additional ADSs, and approximately US$850.9 million, assuming the underwriters exercise their option to purchase additional ADSs in full. More
March 24, 2021
As Coinbase is about to go public in the U.S., another cryptocurrency company is having a blockbuster first quarter of 2021. Blockchain.com, the company behind a popular cryptocurrency wallet, an exchange, a block explorer and more has raised a $300 million Series C round. If you’ve been paying attention, you may remember that I wrote about Blockchain.com last month. At the time, the company announced a $120 million funding round. More
March 23, 2021
Cloud computing company DigitalOcean Holdings Inc. raised more than $775 million in an initial public offering priced at the top of a marketed range, adding to 2021’s run of software listings. DigitalOcean sold 16.5 million shares Tuesday for $47 each, according to a statement. The New York-based company had marketed the shares for $44 to $47. The pricing implies a market value of about $5 billion, based on the outstanding shares listed in filings with the U.S. Securities and Exchange Commission. More
February 17, 2021
Blockchain.com, a provider of cryptocurrency services, has raised about $120 million in its latest funding round, which included investments from Alphabet Inc’s venture capital unit, GV, the company said on Wednesday. The company did not disclose the valuation at which the funds were raised. London-based Blockchain.com said about 28% of all bitcoin transactions since 2012 have been routed through its platform, making it one of the major players in the cryptocurrency market. More
Archer, A Leading Urban Air Mobility Company, To List On NYSE Through Merger With Atlas Crest Investment Corp
February 10, 2021
Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (NYSE: ACIC), a special purpose acquisition company, today announced they have entered into a definitive agreement for a business combination that would result in Archer becoming a publicly listed company. It is anticipated that the post-closing company, Archer, will be listed on the NYSE with ticker symbol “ACHR.” More
February 4, 2021
Shares of Chinese short video company Kuaishou rose nearly 200% at the open on its debut in Hong Kong. The technology firm raised 41.28 billion Hong Kong dollars ($5.32 billion) from the initial public offering (IPO) after pricing its shares at 115 Hong Kong dollars each, at the top of its expected range. Kuaishou shares opened up at 338 Hong Kong dollars. The stock later slipped from those highs but still ended the day 160% higher, closing at 300 Hong Kong dollars a share. More
The Real Deal
January 5, 2021
Opendoor’s IPO last month crowned CEO Eric Wu a billionaire. It quintupled the value of SoftBank’s stake to $2.3 billion. And it reaped early investor Khosla Ventures a 36x return — on paper. Opendoor’s largest shareholder is SoftBank’s Vision Fund with a 13.5 percent stake, followed by Khosla Ventures with a 8.5 percent stake now worth $1.4 billion. Len Blavatnik’s Access Industries holds a 6.4 percent stake, now worth more than $900 million; Wu’s stake is 6 percent and GGV Capital’s is 5 percent. More
The Real Deal
December 21, 2020
Even before Opendoor’s official stock market debut on Dec. 21, the iBuyer’s valuation soared to nearly $18 billion as Wall Street investors cheered its merger with a special purpose acquisition company. The company, founded in 2014, uses an algorithm to buy and sell homes for a fee of between 6 and 8 percent. It is the leading iBuyer, or instant home buyer, in a hot — but nascent — slice of the residential market, accounting for just 0.5 percent of U.S. home sales last year. Prior to the SPAC deal, Opendoor raised $1.3 billion from investors including SoftBank, Khosla Ventures, Lennar, General Atlantic and Access Technology Ventures. More
November 17, 2020
PingCAP, the open-source software developer best known for NewSQL database TiDB, has raised a $270 million Series D. TiDB handles hybrid transactional and analytical processing (HTAP), and is aimed at high-growth companies, including payment and e-commerce services, that need to handle increasingly large amounts of data. The round’s lead investors were GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration Capital and 5Y Capital (formerly known as Morningside Venture Capital). More
September 18, 2020
Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Investment firms that participated in its latest round include Coatue, Iconiq, Tiger Global, Whale Rock Capital, General Atlantic, Access Technology Ventures, Dragoneer and DST Global. More
September 15, 2020
Chamath Palihapitiya pioneered taking private unicorns public by reverse merging them into special purpose acquisition companies — an idea he’s called “IPO 2.0.” After his first iteration of doing so last year with space-tourism company Virgin Galactic, he’s found his next target: Opendoor, an online marketplace for buying and selling houses. “These guys are my next 10x idea,” Palihapitiya said in an interview with CNBC, noting the prospect of generating returns worth 10 times the original investment. More
Opendoor, a Leading Digital Platform for Residential Real Estate, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia
September 15, 2020
Insiders are making a significant commitment of $200 million of the $600 million PIPE. This $200 million commitment includes $100 million from Chamath Palihapitiya, Founder and CEO of SCH, $58 million from Hedosophia, with the remainder invested by existing Opendoor shareholders, Access Industries and Lennar, along with Opendoor management More