Procore authorized enough shares for a $80 million raise at a valuation of $4.48 billion, if all shares authorized are issued. The software company is previously backed by Tiger Global Management, ICONIQ Capital, Bessemer Venture Partners, and Deerfield Managment Company to name a few. The most recent round, Series I, follows an undisclosed amount raised for Series H-1, and $75 million raised for Series H valuing the company at $2.83 billion. The terms surrounding the Series I 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 $37.8654, an up round from Series H-1 at $26.7508 and Series H at $25.4769.
Procore is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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