SCHEDULE 13G/A: Summit Partners Discloses 30.02% Beneficial Ownership in Klaviyo, Inc.
Beneficial Ownership Disclosure
Summit Partners and its affiliated funds have filed an amended Schedule 13G, revealing a collective beneficial ownership of 30.02% in Klaviyo, Inc.'s Series A Common Stock.
Summary
- Summit Partners, L.P. and its affiliated entities (the "Reporting Persons") collectively beneficially own 38,827,778 shares of Klaviyo, Inc.'s Series A Common Stock.
- This aggregate ownership represents 30.02% of the outstanding Series A Common Stock.
- The calculation is based on 90,501,471 Series A Shares outstanding as of February 14, 2025, as reported in Klaviyo's Form 10-K filed on February 19, 2025, plus the 38,827,778 Series A Shares issuable from Series B Shares held by the Summit Holders.
- Individual holdings include Summit Partners Growth Equity Fund IX-A, L.P. with 22,948,085 shares (17.74%), Summit Partners Growth Equity Fund IX-B, L.P. with 14,328,463 shares (11.08%), Summit Partners Co-Invest (Kiwi), L.P. with 1,414,967 shares (1.09%), Summit Investors GE IX/VC IV, LLC with 120,609 shares (0.09%), and Summit Investors GE IX/VC IV (UK), L.P. with 15,654 shares (0.01%).
- All Reporting Persons hold shared voting and dispositive power over their respective shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It provides transparency regarding a significant shareholder's position.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant ownership stake by a private equity firm in a publicly traded company. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2024-01-31 | Date of Joint Filing Agreement and Powers of Attorney referenced in the filing. |
| 2025-02-14 | Date as of which 90,501,471 Series A Shares were reported outstanding in Klaviyo's Form 10-K. |
| 2025-02-19 | Date Klaviyo, Inc. filed its Form 10-K with the SEC. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G Amendment No. 3. |
| 2025-05-07 | Signature date of the Schedule 13G filing by Adam H. Hennessey as Power of Attorney. |
Keywords
Klaviyo Inc., Summit Partners, Beneficial Ownership, Schedule 13G, Series A Common Stock, Series B Common Stock, SEC Filing, Institutional Investor, Equity Stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.