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Rent The Runway Could Be Our Next Unicorn

Rent The Runway authorized enough shares for a $125 million raise at a valuation of $1 billion, if all shares authorized are issued. The designer rental site is previously backed by Blue Pool Capital, Bain Capital Venture Partners, Highland Capital Partners, TCV, and Kleiner Perkins Caufield & Byers to name a few. The most recent [...]

Medallia Aims to Raise $70 Million

Medallia authorized enough shares for a $70 million raise at a valuation of $1.7 billion, if all shares authorized are issued. The customer experience management (CEM) Softwware-as-a-Service company is previously backed by Sequoia Capital. The most recent round, Series F, follows the $157 million raised back in 2015-2016 that valued the company at $1.2 billion. [...]

Lime Authorizes Enough Shares for a $400M Round, Valuation Jumps to $2B

Neutron Holdings (DBA: Lime) just filed an Amended and Restated Certificate of Incorporation on 1/24/2019 authorizing enough shares of Series D/D-1 for a potential $400M round of financing. If all shares authorized in the round are issued it increases their post-money valuation to $2B, quite a jump from their previous post-money valuation of $1.14B. The [...]

Instacart Authorizes $600M Series F Preferred Stock, Valuation close to $7 Billion

Instacart, the grocery delivery service that allows users to select groceries from items at stores like Whole Foods, Trader Joe's, Safeway, and Costco via a mobile phone or the Web, as raised a new round of financing. The Amended and Restated Certificate of Incorporation was filed 10/16/2018, and authorized $600M worth of new equity. If [...]

JUUL Creates a Smoke Ring Around $14.72B Valuation

E-Cigarette  start-up, JUUL Labs, is now valued at $14.72B according to the Prime Unicorn Index. The Series E round was a major up swing from their prior rounds, going from $3.10 per share to $179.25 per share.

Update: Bird Rides Files For Another $150M, 2 Weeks After Authorizing $200M

Bird Rides, an electric scooter sharing service, filed another Amended and Restated Certificate of Incorporation on 6/15/2018 authorizing $150M of Series C-1 Preferred Stock. If all of the authorized shares are issued then the Post-Money Valuation would be north of $2B. Funding began only a year ago for the scooter company with a Seed round [...]