Thumbtack has just authorized $158 million which will push the valuation north of $2 billion if all Series I shares are issued. The online marketplace for various services is previously backed by Sequoia Capital, Baillie Gifford, Capital G, Tiger Global, and Javelin Venture Partners to name a few. The most recent round, Series I, follows $120 million raised for Series H, valuing the company at $1.3 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 $13.111, an up round from Series H at $8.51.
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Bloomberg Ticker: PUNICORN
Reuters Ticker: .PUNICORN