DoorDash authorized enough shares for a $1 Billion raise at a valuation of $12.6 billion, if all shares authorized are issued. The delivery service company is previously backed by Sequoia Capital, SoftBank, GIC Special Investments, Khosla Ventures, DST Global, and Temasek Holdings to name a few. The most recent round, Series G, follows the $400 million raised for Series F valuing the company at $6.76 billion. The terms surrounding the Series G include a pari passu liquidation with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $189.6971, an up round from Series F at $112.3755.
DoorDash is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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