Who Owns Grid Dynamics Company?

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Who Owns Grid Dynamics?

Understanding a company's ownership is key to grasping its strategic path and accountability. Grid Dynamics became a publicly traded entity on March 6, 2020, following a merger with ChaSerg Technology Acquisition Corp., adopting the name Grid Dynamics Holdings, Inc. and listing on the NASDAQ under the ticker GDYN.

This transition opened its ownership to a wider spectrum of investors, marking a significant shift from its private origins. The company, established in 2006 and headquartered in San Ramon, California, aims to lead in customer and employee experiences through advanced engineering and technology.

As of August 2025, Grid Dynamics Holdings, Inc. holds a market capitalization ranging from approximately $656.33 million to $678.21 million USD. The company specializes in digital transformation, cloud migration, data analytics, and AI implementation for Fortune 1000 enterprises across various sectors. For a deeper understanding of its market positioning, consider a Grid Dynamics PESTEL Analysis.

Grid Dynamics was established in 2006, with Victoria Livschitz as its founder. While the specifics of the initial ownership distribution are not publicly available, the company's early development was significantly bolstered by venture capital funding.

Founding Vision

Grid Dynamics was founded in 2006 by Victoria Livschitz, setting the stage for its future growth in technology services.

Early Backing

The company's initial capital structure and expansion were significantly influenced by early-stage venture capital support.

Venture Capital Role

Venture capital firms provided crucial funding, enabling the company to scale its operations and market reach.

Strategic Guidance

Key investors offered not only financial backing but also strategic advice, instrumental in shaping the company's trajectory.

Funding Rounds

Significant funding rounds, such as the $1.5 million Series B in August 2015 and a $15 million venture round in March 2019, were critical.

Global Expansion

The cross-border investment strategy employed by early backers facilitated Grid Dynamics' global scaling efforts.

Benhamou Global Ventures (BGV), led by founder and general partner Eric Benhamou, was a pivotal early investor, providing substantial funding that was essential for the company's foundational capital structure and subsequent growth. BGV's involvement included a $1.5 million Series B funding round in August 2015 and a $15 million venture round in March 2019. This strategic investment and guidance from BGV were instrumental in supporting Grid Dynamics' Growth Strategy of Grid Dynamics and its global expansion. The available records do not indicate any significant initial ownership disputes or buyouts.

Early Ownership Landscape

The early ownership of Grid Dynamics was characterized by the founder's vision and the crucial support of venture capital, particularly from Benhamou Global Ventures.

• Founder: Victoria Livschitz
• Established: 2006
• Key Early Investor: Benhamou Global Ventures (BGV)
• Significant Funding: Series B ($1.5 million in August 2015), Venture Round ($15 million in March 2019)
• Investor Influence: Strategic guidance and cross-border investment strategy

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Grid Dynamics underwent a significant ownership transition on March 6, 2020, becoming a publicly traded entity on NASDAQ via a merger with ChaSerg Technology Acquisition Corp. This move established Grid Dynamics Holdings, Inc. and marked its entry into the public markets with an initial equity valuation around $600 million.

As of August 2025, Grid Dynamics Holdings, Inc. maintains a market capitalization ranging between $656.33 million and $678.21 million USD. The company's shareholder base is predominantly composed of institutional investors, who held 83.17% of the shares as of June 2025. Key institutional stakeholders include BlackRock, Inc., holding 10,062,334 shares, and Vanguard Group Inc, with 5,819,544 shares. Wasatch Advisors Lp, BAMCO, Inc., Wellington Management Group Llp, State Street Corp, Loomis Sayles & Co L P, and Riverbridge Partners Llc are also significant institutional shareholders. A notable minority stake is held by Beijing Teamsun Technology Co., Ltd., which beneficially owns approximately 20.0% of the company's shares through a subsidiary. Insider ownership, representing holdings by executives and directors, stood at about 6.6% as of March 2024, valued at approximately US$68 million. Among the executive team, Leonard Livschitz (CEO) held 2,973,180 shares, Lloyd A. Carney (Chairman) held 670,956 shares, Yury Gryzlov (COO) held 472,269 shares, and Anil Kumar Doradla (CFO) held 358,603 shares as of June 2025. These ownership structures are crucial for understanding the company's strategic direction and governance, reflecting the influence of major institutional investors, a significant strategic partner, and the executive leadership. Understanding these relationships is key to grasping the Marketing Strategy of Grid Dynamics.

Key Grid Dynamics Shareholders

Institutional investors are the dominant shareholders in Grid Dynamics, indicating strong confidence from the financial sector. The company's ownership structure is a blend of large institutional holdings, a significant strategic minority investor, and insider ownership.

• Institutional Ownership: 83.17% (June 2025)
• Major Institutional Holders: BlackRock, Inc., Vanguard Group Inc
• Significant Minority Shareholder: Beijing Teamsun Technology Co., Ltd. (approx. 20.0%)
• Insider Ownership: 6.6% (March 2024)
• Key Insiders: Leonard Livschitz (CEO), Lloyd A. Carney (Chairman)

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Grid Dynamics Holdings, Inc. is overseen by a board of directors consisting of nine members, with six designated as independent according to Nasdaq standards. The board operates on a staggered system, divided into three classes, where each director serves a three-year term.

The board's composition reflects a blend of leadership and strategic oversight. Leonard Livschitz, as CEO, represents significant insider ownership. Eric Benhamou, founder of Benhamou Global Ventures (BGV), brings the viewpoint of a key early investor. Yueou Wang's prior role as CEO of ASL, Grid Dynamics' former parent company, highlights a connection to historical ownership structures. The company's voting power generally follows a one-share-one-vote principle for stockholders participating in annual meetings. Beijing Teamsun Technology Co., Ltd. holds a notable 20.0% stake, representing a significant ownership interest among Grid Dynamics shareholders.

Key Stakeholders and Voting Power

Understanding the board and major shareholders is crucial for grasping Grid Dynamics ownership. The company's voting structure is designed to align with general corporate governance practices.

• The board has nine members, with a majority being independent.
• Directors serve staggered three-year terms.
• Leonard Livschitz, the CEO, is a key insider shareholder.
• Beijing Teamsun Technology Co., Ltd. is a major shareholder with a 20.0% stake.
• The voting power typically follows a one-share-one-vote system.

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Over the past few years, Grid Dynamics has seen significant activity in its ownership structure, including public offerings and strategic acquisitions. These moves reflect the company's ongoing efforts to fund growth and expand its service offerings in the technology sector.

Institutional investors remain a significant component of Grid Dynamics' ownership, although their collective holdings saw a slight decrease from 83.36% to 83.17% between January and June 2025. Similarly, mutual fund holdings experienced a minor dip from 61.41% to 61.32% during the same period. As of August 19, 2025, the company's share price was $7.85, reflecting a notable year-over-year decline of -41.77% in its stock value, contributing to a market capitalization decrease of -33.69% as of August 21, 2025. While there are no public indications of a move towards privatization, the company's consistent use of public offerings suggests a strategy focused on leveraging public markets for capital infusion and expansion.

Recent Public Offerings

In November 2024, the company raised approximately $93.4 million through a public offering. This follows a similar offering in September 2022.

Executive Share Transactions

CEO Leonard Livschitz has engaged in share sales, offloading shares in June 2024 and July 2025. He continues to hold a substantial direct stake.

Strategic Acquisitions

The company expanded its capabilities by acquiring JUXT in September 2024 and Mobile Computing in February 2025. These acquisitions bolster its presence in key sectors.

Institutional Investor Trends

Institutional holdings represent a significant portion of Grid Dynamics' ownership, though there was a slight decrease in their collective share between January and June 2025. Understanding these shifts is key to grasping the Competitors Landscape of Grid Dynamics.

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