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    SEC Form SC 13G filed by DigitalOcean Holdings Inc.

    11/13/24 10:09:04 AM ET
    $DOCN
    Computer Software: Programming Data Processing
    Technology
    Get the next $DOCN alert in real time by email
    SC 13G 1 tm2428173d1_sc13g.htm SC 13G

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13G

    (Rule 13d-102)

     

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
    TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
    PURSUANT TO § 240.13d-2

    (Amendment No. __)

     

    DigitalOcean Holdings, Inc. 

    (Name of Issuer)

     

    Common Stock

    (Title of Class of Securities)

     

    25402D102 

    (CUSIP Number)

     

    September 30th, 2024

    (Date of Event Which Requires Filing of the Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    oRule 13d-1(b)

    oRule 13d-1(c)

    xRule 13d-1(d)

     

     

     

     

     

     

    25402D102 13G Page 2 of 7 Pages

     

    1.

    NAME OF REPORTING PERSONS

    IA Venture Strategies Fund II, LP

    IA Venture Strategies Side Fund II, LP

    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

    (a)     ¨

    (b)    x

    3.

    SEC USE ONLY

     

    4.

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0 (1)

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    0 (1)

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

     

    ¨

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON

     

    OO

           

    1.The shares are held by IA Venture Strategies Fund II, LP (“IAVS Fund II”) and IA Venture Strategies II Side Fund, LP ("IAVS Side Fund II"). IA Venture Partners II, LLC is the General Partner of IAVS Fund II and IAVS Side Fund II. The General Partner has voting and investment control over the shares held by IAVS Fund II and IAVS Side Fund II. Roger Ehrenberg, Bradford Gillespie and Jesse Beyroutey are the members of IA Venture Partners II, LLC and may be deemed to have shared voting, investment and dispositive power with respect to the shares held by this entity. Mr. Ehrenberg, Mr. Gillespie and Mr.

     

     

     

     

    25402D102 13G Page 3 of 7 Pages

     

    Beyroutey disclaim beneficial ownership with respect to such shares except to the extent of their pecuniary interest therein.

     

    Item 1(a).Name of Issuer:

     

      DigitalOcean Holdings, Inc.

     

    Item 1(b).Address of Issuer’s Principal Executive Offices:

     

      101 Avenue of the Americas

      10th Floor

      New York, NY, 10013

     

    Item 2(a).Name of Person Filing:

     

      IA Venture Strategies Fund II, LP

      IA Venture Strategies II Side Fund, LP

     

    Item 2(b).Address of Principal Business Office or, if none, Residence:

     

      920 Broadway, 15th Floor

      New York, NY 10010

     

    Item 2(c).Citizenship:

     

      Organized in Delaware

     

    Item 2(d).Title of Class of Securities:

     

      Common Stock

     

    Item 2(e).CUSIP Number:

     

      25402D102

     

     

     

     

    25402D102 13G Page 4 of 7 Pages

     

    Item 3.If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

     

      Not applicable

     

    Item 4.Ownership:

     

    Reporting Person  Amount beneficially
    owned
       Percent of class   Shared power to
    dispose or to direct
    the disposition of:
     
    IA Venture Strategies Fund II, LP   0    0.00%    0 (2)
    IA Venture Strategies II Side Fund, LP   0    0.00%    0 (3)

     

    Item 5.Ownership of Five Percent or Less of a Class:

     

     If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following box. x

     

    Item 6.Ownership of More Than Five Percent on Behalf of Another Person:

     

      Not applicable

     

    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:

     

      Not applicable

     

    2. The shares are held by IA Venture Strategies Fund II, LP (“IAVS Fund II”). IA Venture Partners II, LLC is the general partner of IAVS Fund II. The General Partner has voting and investment control over the shares held by IAVS Fund II. Roger Ehrenberg, Bradford Gillespie and Jesse Beyroutey are the members of IA Venture Partners II, LLC and may be deemed to have shared voting, investment and dispositive power with respect to the shares held by this entity. Mr. Ehrenberg, Mr. Gillespie and Mr. Beyroutey disclaim beneficial ownership with respect to such shares except to the extent of their pecuniary interest therein.

     

    3. The shares are held by IA Venture Strategies II Side Fund, LP ("IAVS Side Fund II"). IA Venture Partners II, LLC is the general partner of IAVS Side Fund II. The General Partner has voting and investment control over the shares held by IAVS Side Fund II. Roger Ehrenberg, Bradford Gillespie and Jesse Beyroutey are the members of IA Venture Partners II, LLC and may be deemed to have shared voting, investment and dispositive power with respect to the shares held by this entity. Mr. Ehrenberg, Mr. Gillespie and Mr. Beyroutey disclaim beneficial ownership with respect to such shares except to the extent of their pecuniary interest therein.

     

     

     

     

    25402D102 13G Page 5 of 7 Pages

     

    Item 8.Identification and Classification of Members of the Group:

     

      Not applicable.

     

    Item 9.Notice of Dissolution of Group:

     

      Not applicable.

     

    Item 10.Certifications:

     

      Not applicable.

     

     

     

     

    25402D102 13G Page 6 of 7 Pages

     

    SIGNATURE

     

    After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

     

    Date: 11/13/2024

     

      IA Venture Strategies Fund II, LP
      By: IA Venture Partners II, LLC
    Its General Partner
       
      By: /s/ Jesse Beyroutey
        Jesse Beyroutey, Member

     

     

      IA Venture Strategies II Side Fund, LP
      By: IA Venture Partners II, LLC
      Its General Partner
       
      By: /s/ Jesse Beyroutey
        Jesse Beyroutey, Member

     

     

     

     

    25402D102 13G Page 7 of 7 Pages

     

    Exhibit 1

     

    Joint Filing Agreement

     

    In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934 (the “Act”), the undersigned hereby agree to file jointly the Statement on Schedule 13G and any amendments thereto which may be deemed necessary, pursuant to Regulation 13D-G under the Act. It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness or accuracy of information concerning the other party unless such party knows or has reason to believe that such information is inaccurate. It is understood and agreed that a copy of this Agreement shall be attached as an exhibit to the statement on Schedule 13G, and any amendments thereto, filed on behalf of each of the parties hereto. In evidence thereof, the undersigned hereby execute this agreement as of the 13th day of November, 2024.

     

      IA Venture Strategies Fund II, LP
      By: IA Venture Partners II, LLC
    Its General Partner
       
      By: /s/ Jesse Beyroutey
        Jesse Beyroutey, Member

     

     

      IA Venture Strategies II Side Fund, LP
      By: IA Venture Partners II, LLC
      Its General Partner
       
      By: /s/ Jesse Beyroutey
        Jesse Beyroutey, Member

     

     

     

     

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