There’s a robot for that…

UiPath is a robotic process automation (RPA) software company that joined the Prime Unicorn Index in the quarterly reconstitution. The most recent round was led by Alkeon Capital Management; with participation from Accel, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global, Wellington, and funds and accounts advised by T. Rowe Price Associates, Inc.. The most recent round, Series E, follows $568 million raised for Series D, valuing the company at $6.77 billion. The terms surrounding the Series E include a pari passu liquidation preference with series A, B-1, C-1, and D-1 preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $18.59346, an up round from Series D at $13.11723.

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Bloomberg Ticker: PUNICORN

Reuters Ticker: .PUNICORN

Q3 2020 Reconstitution Report

 

Deals and post-money valuations on the new 5 components to the Prime Unicorn Index