Turbonomic authorized enough shares for a $70 million raise at a valuation of $963 million, if all shares authorized are issued. The software company is previously backed by ICONIQ Capital, Globespan Capital Partners, Highland Capital Partners, Bain Capital Venture Partners and General Atlantic LLC to name a few. The most recent round, Series E-4, follows the $50 million raised for Series E-1/E-2/E-3 valuing the company at $756 million. The terms surrounding the Series E-4 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 $5.1419, an up round from Series E-1/E-2/E-3 at $4.4134.
Turbonomic is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
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