Gitlab authorized enough shares for a $268 million raise at a valuation of $2.55 billion, if all shares authorized are issued. The open-source code collaboration platform is previously backed by ICONIQ Capital, GV, Khosla Ventures, and August Capital Management to name a few. The most recent round, Series E, follows the $100 million raised for Series D valuing the company at $1.05 billion. The terms surrounding the Series E 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 $18.6294, an up round from Series D at $8.7599.
Gitlab is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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