SCHEDULE 13G/A: Viola Growth Entities and Principals Update Significant Stake in Similarweb Ltd. to 13.2%

An amendment to a Schedule 13G filing reveals that Viola Growth investment entities and their controlling individuals collectively hold a 13.2% beneficial ownership stake in Similarweb Ltd. as of December 31, 2024.

Summary

• Viola Growth II (A) L.P. directly holds 2,134,916 ordinary shares, representing 2.6% of Similarweb Ltd.'s class.
• Viola Growth II (B) L.P. directly holds 2,823,094 ordinary shares, representing 3.5% of Similarweb Ltd.'s class.
• VG SW L.P. directly holds 5,581,225 ordinary shares, representing 6.8% of Similarweb Ltd.'s class.
• Viola Partners Fund 4 2013 L.P. directly holds 170,130 ordinary shares, representing 0.2% of Similarweb Ltd.'s class.
• Viola Growth II L.P., as the sole general partner for Viola II (A) and Viola II (B), is deemed to share beneficial ownership of 4,958,010 shares, or 6.1%.
• VG SW GP L.P., as the sole general partner of VG LP, and holding an additional 101,413 shares, is deemed to share beneficial ownership of 5,682,638 shares, or 7.0%.
• Viola Partners 4 (G.P. Fund 4) Limited Partnership, as the sole general partner of Viola 4 LP, is deemed to share beneficial ownership of 170,130 shares, or 0.2%.
• Viola Growth II GP Ltd. is deemed to share beneficial ownership of 10,640,648 shares, or 13.0%, through its role as general partner of Viola Growth II L.P. and co-general partner of VG SW GP L.P.
• Viola Growth 3 Ltd. is deemed to share beneficial ownership of 5,682,638 shares, or 7.0%, as a general partner of VG SW GP L.P.
• Viola Partners 4 Management Ltd. is deemed to share beneficial ownership of 170,130 shares, or 0.2%, as the sole general partner of Viola Partners 4 (G.P. Fund 4) Limited Partnership.
• Viola Growth Management Fund 2 Ltd. is deemed to share beneficial ownership of 10,640,648 shares, or 13.0%, by holding 100% of the equity interests of Viola Growth II GP Ltd.
• Harel Beit-On, Shlomo Dovrat, and Avi Zeevi, as controlling shareholders of Viola Management 2, Viola 3, and Viola 4 GP GP, are deemed to possess ultimate shared voting and dispositive authority over 10,810,778 ordinary shares each, representing 13.2% of the class.
• The percentages of class are based on 81,663,616 ordinary shares of Similarweb Ltd. issued and outstanding as of September 30, 2024.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's performance or outlook. It is a neutral, compliance-driven filing.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant institutional investor group, Viola Growth, in a publicly traded technology company, Similarweb Ltd. It reflects the ongoing investment position of the Viola Growth entities and their principals.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stake held by the Viola Growth investment group and its principals, which can influence perceptions of stability and institutional confidence.

Key Dates

Keywords

Similarweb Ltd., Beneficial Ownership, Schedule 13G, SEC Filing, Viola Growth, Institutional Ownership, Ordinary Shares, M84137104