Gigya, Inc. - Venture Capital Financing Deal Terms & Valuations

Gigya, Inc.

The “Private Company Valuation Report” by VC Experts is aimed at providing speciﬁc deal terms and estimated post-money valuations for the venture-
backed company Included in the report are national, regional, and industry averages, company comparisons, investment rounds with deal terms, price
.
per share, estimated fully diluted shares, and valuation trends. VC Experts has compiled this intense level of data from Federal and State regulatory
ﬁlings as well as strategic partners to aid in better transparency of private company information.

Table of Contents
Gigya, Inc.
Key Management
Investors (current and historic)
Comparable Private Companies
Investment Rounds
Valuation Trends
Methodology for Cost of Capital Benchmark
Methodology for Valuation Ticker
Fair Market Value per Common Share
Filings

Gigya, Inc.

C reated on 2012-08-21 and authorized by VC Experts.com.
C opyright © 2012 VC Experts.com, Inc.

Gigya, Inc.
Gigya develops software that inserts multimedia into emails. The Company brings a level of self-expression directly to email. Gigya offers services
wherein users can create emails with videos, slide shows, music, widgets, games or even MySpace layout.

Address: 1975 Landings Drive, Mountain View CA 94043
Geographic Region: Silicon Valley
Industry: Software
SIC Codes: 7372 - Prepackaged Software (reproduction of software)
NAICS Codes: 511210 - Software Publishers
Legal Counsel: Fenwick & West LLP
Company Website: http://www.gigya.com/

Key Management Investors (current and Comparable Private
historic) Companies
Eran Kutner, CTO, Co-Founder, Director
Eyal Magen, Co-Founder, Chief Strategy Adobe Systems, Inc. 3D Marketing Technologies, Inc.
Officer, Director Benchmark Capital 6th Sense Analytics, Inc. (Acquired by Rally
Michael Eisenberg, Director Duff Ackerman & Goodrich LLC Software)
Navin Chaddha, Director Duff Ackerman & Goodrich LLC (AKA: DAG A10 Networks, Inc.
Jake Winebaum, Director Ventures) Above All Software, Inc.
Patrick Salyer, CEO, Director First Round Capital Adaptive Planning, Inc.
Rooly Eliezerov, Co-Founder, President Mayfield Fund
Undisclosed Firm

Investment Data - Preferred
Investment Date Investment Amount Round Number Valuation Est. Fully Diluted Shares Preferred Price Per Share

2012-06-11 15.3 5 $110,613,135 18,655,974 $5.93

Round: Series D National: 15%, Regional: 15%, Industry: 14%

Direction: Up Round National: 56%, Regional: 60%, Industry: 65%

Liquidation Pref.: Pari Passu National: 44%, Regional: 50%, Industry: 50%

Liq. Multiple: 0 - 1x National: 92%, Regional: 93%, Industry: 97%

Stock Type: Conventional Convertible National: 52%, Regional: 65%, Industry: 61%

Anti-Dilution: Weighted Average National: 97%, Regional: 98%, Industry: 99%

Redemption: No National: 67%, Regional: 81%, Industry: 80%

Cumulative Dividends: No National: 82%, Regional: 94%, Industry: 92%

2011-03-02 6.0 4 $71,427,709 14,809,502 $4.82

Round: Series C National: 27%, Regional: 30%, Industry: 27%








2008-09-19 11.0 3 $65,427,710 13,565,489 $4.82

Round: Series C National: 22%, Regional: 21%, Industry: 20%








2008-03-10 9.5 2 $26,014,870 5,314,489 $4.90

Round: Series B National: 29%, Regional: 33%, Industry: 29%









Valuation Trend


Valuation Trend
Valuation Trend
125M 10

100M 8

Post-Money Valuation

Price Per Share
75M 6

50M 4

25M 2

0M 0
2008-03-10 2008-09-19 2011-03-02 2012-06-11

Post-Money Valuation Price Per Share
Highcharts.com



The Cost of Capital Benchmark Chart presents a metric of the company's cost of capital based on whether the deal terms included in its recent
ﬁnancing rounds were "company friendly" or "investor friendly", with comparisons to East Coast and West Coast averages. For example, if the company
issues a security with a liquidation multiple of two, a cumulative dividend, and full ratchet anti-dilution protection, while the average security issued by
other companies in its region at that time had a liquidation multiple of one, no dividend, and weighted average anti-dilution protection, the Cost of
Capital Chart would likely show a higher cost of capital for that ﬁnancing round in relation to regional averages.

Relative Cost of Capital Cost of Capital Benchmark

2007 2008 2009 2010 2011 2012

East Coast West Coast Gigya, Inc.
Highcharts.com



The Valuation Ticker Chart presents the estimated movement of the company's valuation over a year-long period since its last financing round, based
on a basket of publicly traded stocks in its industry sector. For example, if the company's valuation at the time of its last financing round was $100
million, and within a year the value of publicly traded stocks in its industry sector have increased 30 percent, the chart will show the value of the
company increasing to $130 million. Thus, the Valuation Ticker Chart provides you a more up-to-date estimate of the company''s valuation than you
would get by looking at the valuation of its last financing round alone.

Valuation Ticker
122500k

120000k

117500k

115000k
Est. Post-Money Valuation: $121,398,475

112500k

110000k

107500k
From 06/11/2012 to 08/20/2012

Gigya, Inc.
Highcharts.com
Total Estimated Fully Diluted Shares as of 06/11/2012: 18,655,974



Filing Date Shares Price Per Share

2011-03-23 139,100 $0.650000

2009-06-30 2,129,570 $0.650000

2008-01-30 137,623 $1.144000

Filings


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investment advice nor does VC Experts represent that it contains all information concerning the identified Company deemed necessary or appropriate
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sale or purchase of any of its securities. The information and data are for reference purposes only and no implied or expressed warranties or
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Gigya, Inc. - Venture Capital Financing Deal Terms & Valuations

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