Ithaca Holdings (technology holding company)
Ithaca Holdings is a technology holding company co-founded by Sequoia CapitalSequoia CapitalSequoia Capital is a venture capital firm founded by Don Valentine in 1972, investing from the seed stage through the growth stage. Its historical investments include Apple, Cisco, Google, YouTube, Airbnb, and Stripe; in 2021 it introduced the Sequoia Capital Fund structure, which can continue to hold public securities, and in 2023 its regional businesses became independent brands and partnerships.Open the full entry partner Ravi GuptaRavi GuptaRavi Gupta is a partner at Sequoia Capital and co-founder and co-CEO of Ithaca Holdings. He was previously COO and CFO of Instacart, where he is now lead independent director.Open the full entry and former MetaMetaMeta (Meta Platforms, Inc.) is a publicly listed American technology company, renamed from Facebook in 2021, that operates social communication, digital advertising, virtual reality, smart glasses and artificial intelligence businesses.Open the full entry chief revenue officer John Hegeman; its legal entity is Ithaca Holdco, Inc., a Delaware corporation, and it describes itself as a long-term owner of established technology businesses. In October 2026 it agreed to acquire the dating-app company Bumble in an all-cash deal valued at about $1.3 billion.
Contents5 sections
Key facts
November–December 2025: Founding
Ithaca Holdings was co-founded by Ravi Gupta and John Hegeman, who serve as its co-CEOs. Gupta, a former COO and CFO of Instacart, became a partner at Sequoia Capital in 2020; since December 2025 he has been co-CEO and a director of Ithaca Holdco, Inc., while remaining a partner at Sequoia Capital.[1][2][3]
Hegeman joined Meta in 2007 and spent seven years as an engineering leader on its ads system; from 2016 he led Feed and other core parts of the Facebook app, returned to ads as product group lead in 2021, became head of monetization in 2022 and later served as chief revenue officer. On November 18, 2025 he announced that he was leaving Meta after 17 years to start his own company.[4]
October 2026Agreement to Acquire Bumble
On October 12, 2026 Ithaca Holdco, Inc. and Bumble Inc. signed a merger agreement; on October 13 Bumble announced that it would be acquired by Ithaca Holdings for $6.05 in cash per share of Class A common stock, a deal valued at about $1.3 billion and representing premiums of about 138% to the unaffected closing price on October 9 and about 119% to the 30-day volume-weighted average price as of that date. An independent special committee of Bumble’s board recommended the deal after reviewing strategic alternatives, and the board approved it unanimously with founder and CEO Whitney Wolfe Herd recused; affiliates of Blackstone and Wolfe Herd then provided the required shareholder approval by written consent.[5][2][6]
The parties said that after closing Bumble would become privately held and remain headquartered in Austin, Texas, with Gupta and Hegeman becoming co-CEOs of Bumble and working with Wolfe Herd, who would remain actively involved. In a joint statement Gupta and Hegeman called the investment “a bet on the future of humanity.” Ithaca’s legal advisor was Kirkland & Ellis, and KKRKKRKKR (Kohlberg Kravis Roberts) is an investment firm engaged in alternative asset management, capital markets services, and insurance. Jerome Kohlberg, Henry Kravis, and George Roberts co-founded the firm in 1976. Its managed funds invest in private equity, credit, and real assets, and its subsidiary Global Atlantic operates retirement, life insurance, and reinsurance businesses. KKR listed on the New York Stock Exchange in 2010 under the ticker KKR.Open the full entry Capital Markets served as its capital markets advisor.[2][6]
Positioning
Ithaca describes itself as a holding company for “enduring, market-leading technology businesses” that combines frontier technology with operating expertise to renew established companies and unlock their long-term potential; its stated mission is to use frontier technology to build products that meaningfully improve people’s lives.[1][7]
Related Organizations, Websites, and Public Accounts
Ithaca Holdings: Official website: https://ithacaholdings.com/ (opens in a new window).[1]
X: Public account: https://x.com/Ithaca_Holdings (opens in a new window).[1]
LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/ithaca-holdings (opens in a new window).[1]
Sources
- Ithaca Holdings (opens in a new window)
- Bumble Inc. to Be Acquired by Ithaca Holdings, the Long-Term Holding Company for Enduring Technology Businesses (opens in a new window)
- Bio | Ravi Gupta (opens in a new window)
- Meta Chief Revenue Officer to Leave and Start Own Company (opens in a new window)
- Bumble Inc. Form 8-K Current Report (opens in a new window)
- Bumble To Be Acquired By Ithaca Holdings For $1.3 Billion At 138% Premium (opens in a new window)
- Bumble $1.3 billion sale to Ithaca Holdings (opens in a new window)