Benchmark and Index Ventures are the biggest winners from Confluent's IPO, while Emergence Capital and InterWest Partners are the top investors in Doximity.
opening on the New York Stock Exchange. Between the two IPOs, four firms notched billion-dollar gains.
Doximity, a professional network for doctors, has been largely under the radar because the company hasn't raised venture money since 2014. Emergence Capital co-led the first round and continued to invest, amassing a 15% stake at the time of the IPO that's worth $1.3 billion as of Thursday's close. InterWest, which joined Emergence as the initial lead, owns shares valued at over $1.1 billion.
Index has not only its annual survey to thank for its billion-dollar gain in Confluent, but also a friendly introduction from LinkedIn's CEO at the time, Jeff Weiner.
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