# EDGAR Filing Document

**Accession Number:** 0001530237
**File Stem:** 0001104659-23-017672
**Filing Date:** 2023-2
**Character Count:** 12544
**Document Hash:** 43836405b0c20375312ba879cd413c63
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-017672.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001104659-23-017672

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**GROUP MEMBERS**: IA VENTURE STRATEGIES SIDE FUND II, LP

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DigitalOcean Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001582961
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92451
- **FILM NUMBER:** 23607336

**BUSINESS ADDRESS:**
- **STREET 1:** 101 AVENUE OF THE AMERICAS
- **STREET 2:** 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 341-985-0306

**MAIL ADDRESS:**
- **STREET 1:** 101 AVENUE OF THE AMERICAS
- **STREET 2:** 10TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Digital Ocean, Inc.
- **DATE OF NAME CHANGE:** 20130731
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IA Venture Strategies Fund II, LP
- **CENTRAL INDEX KEY:** 0001530237
- **IRS NUMBER:** 453067282
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 920 BROADWAY, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 347-450-9110

**MAIL ADDRESS:**
- **STREET 1:** 920 BROADWAY, 15TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**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. 1)**

**DigitalOcean Holdings, Inc.**

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| |
|:---|
| (Name of Issuer) |
| **Common Stock** |
| (Title of Class of Securities) |
| **25402D102** |
| (CUSIP Number) |
| **December 31, 2022** |
| (Date of Event Which Requires Filing of the Statement) |

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

◻ Rule 13d-1(b) <br> ◻ Rule 13d-1(c) <br> ⌧ Rule 13d-1(d)

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| | | |
|:---|:---|:---|
| **25402D102** | **13G** | Page 2 of 7 Pages |

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| | | | |
|:---|:---|:---|:---|
| 1. | NAME OF REPORTING PERSONS<br> **IA Venture Strategies Fund II, LP**<br> **IA Venture Strategies Side Fund II, LP** | NAME OF REPORTING PERSONS<br> **IA Venture Strategies Fund II, LP**<br> **IA Venture Strategies Side Fund II, LP** | NAME OF REPORTING PERSONS<br> **IA Venture Strategies Fund II, LP**<br> **IA Venture Strategies Side Fund II, LP** |
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ⌧ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ⌧ | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ◻<br> (b) ⌧ |
| 3. | SEC USE ONLY | SEC USE ONLY | SEC USE ONLY |
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION<br> **Delaware** | CITIZENSHIP OR PLACE OF ORGANIZATION<br> **Delaware** | CITIZENSHIP OR PLACE OF ORGANIZATION<br> **Delaware** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 5. | SOLE VOTING POWER<br>0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 6. | SHARED VOTING POWER<br>**7,404,482** (1) |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 7. | SOLE DISPOSITIVE POWER<br>0 |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | 8. | SHARED DISPOSITIVE POWER<br>**7,404,482** (1) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**7,404,482** (1) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**7,404,482** (1) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**7,404,482** (1) |
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>◻ | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>◻ | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES<br>◻ |
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>**7.7% of Common Stock** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>**7.7% of Common Stock** | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>**7.7% of Common Stock** |
| 12. | TYPE OF REPORTING PERSON<br>**OO** | TYPE OF REPORTING PERSON<br>**OO** | TYPE OF REPORTING PERSON<br>**OO** |

---

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

---

| | | |
|:---|:---|:---|
| **25402D102** | **13G** | Page 3 of 7 Pages |

---

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| | |
|:---|:---|
| **Item 1(a).** | **Name of Issuer:** |
|  | DigitalOcean Holdings, Inc. |
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:** |
|  | 101 Avenue of the Americas<br> 10<sup>th</sup> Floor<br> New York, NY, 10013 |
| **Item 2(a).** | **Name of Person Filing:** |
|  | IA Venture Strategies Fund II, LP<br> IA Venture Strategies II Side Fund, LP |
| **Item 2(b).** | **Address of Principal Business Office or, if none, Residence:** |
|  | 920 Broadway, 15<sup>th</sup> Floor<br> 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** |

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| | | |
|:---|:---|:---|
| **25402D102** | **13G** | Page 4 of 7 Pages |

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| | |
|:---|:---|
| **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:** <br>Not applicable |
| **Item 4.** | **Ownership:** |

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Reporting Person** | &nbsp;&nbsp;**Amount beneficially <br> owned**<br>| &nbsp;&nbsp;**Percent of class** | &nbsp;&nbsp;**Shared power to <br> dispose or to direct<br> the disposition of:** |
| &nbsp;&nbsp;**IA Venture Strategies Fund II, LP** | &nbsp;&nbsp;7246424<br>| &nbsp;&nbsp;7.5% | &nbsp;&nbsp;7246424 (2) |
| &nbsp;&nbsp;**IA Venture Strategies II Side Fund, LP** | &nbsp;&nbsp;158058<br>| &nbsp;&nbsp;0.2% | &nbsp;&nbsp;158058 (3)<br>|

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| | |
|:---|:---|
| **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. □ |
| **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.

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| | | |
|:---|:---|:---|
| **25402D102** | **13G** | Page 5 of 7 Pages |

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| | |
|:---|:---|
| **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. |

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| | | |
|:---|:---|:---|
| **25402D102** | **13G** | Page 6 of 7 Pages |

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**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: 2/9/2023

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| | |
|:---|:---|
| **IA Venture Strategies Fund II, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** | **IA Venture Strategies Fund II, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** |
| By: | /s/ Jesse Beyroutey |
|  | Jesse Beyroutey, Member |

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| | |
|:---|:---|
| **IA Venture Strategies II Side Fund, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** | **IA Venture Strategies II Side Fund, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** |
| By: | /s/ Jesse Beyroutey |
|  | Jesse Beyroutey, Member |

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| | | |
|:---|:---|:---|
| **25402D102** | **13G** | Page 7 of 7 Pages |

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**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 17<sup>th</sup> day of February, 2022.

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| | |
|:---|:---|
| **IA Venture Strategies Fund II, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** | **IA Venture Strategies Fund II, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** |
| By: | /s/ Jesse Beyroutey |
|  | Jesse Beyroutey, Member |

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| | |
|:---|:---|
| **IA Venture Strategies II Side Fund, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** | **IA Venture Strategies II Side Fund, LP**<br> **By: IA Venture Partners II, LLC**<br> **Its General Partner** |
| By: | /s/ Jesse Beyroutey |
|  | Jesse Beyroutey, Member |

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