Innovium authorized enough shares for a $50 million raise at a valuation of $875 million, if all shares authorized are issued. The semiconductor company is previously backed by Qualcomm Ventures, S-Cubed Capital, Redline Capital Management, Capricorn Investment Group, Walden Riverwood Ventures, and Greylock Partners to name a few. The most recent round, Series E, follows the $15 million raised for Series D valuing the company at $695 million. 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 $8.4871, an up round from Series D at $7.23.
Innovium is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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