Netskope authorized enough shares for a $300 million raise at a valuation of $2.23 billion, if all shares authorized are issued. The cloud security company is previously backed by Accel, Social Capital, ICONIQ, Lightspeed Venture Partners, Sapphire Ventures and Geodesic to name a few. The most recent round, Series G, follows $168.70 million raised for Series F, valuing the company at $1.22 billion. The terms surrounding the Series G include a pari passu liquidation preference 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 $8.37029, an up round from Series F at $5.44570.
Netskope is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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