Scott Farquhar and Mike Cannon-Brookes are Australia’s newest billionaires after their business software company Atlassian announced this week it had closed a financing round that valued the company at $3.3 billion. T. Rowe Price and Dragoneer Investment Capital paid $150 million, which amounts to a 4.6% stake in Atlassian.
Farquhar and Cannon-Brookes, both 34, who founded the company twelve years ago, did not sell any shares in the latest round of funding, meaning the estimated 1/3 ownership stake each own in the company is worth about $1.1 billion. The selling shareholders in the deal include current and former employees, as well as Accel Partners, which invested $60 million in the company in 2010 at a valuation of $400 million, according to the Wall Street Journal.
http://www.forbes.com/sites/alexmorrell/2014/04/09/new-financing-round-for-australian-software-company-atlassian-turns-founders-into-billionaires/