ezCater authorized enough shares for a $150 million raise at a valuation of $1.294 billion, if all shares authorized are issued. The catering ordering service is previously backed by Insight Venture Partners, ICONIQ Capital, Wellington Management Company, and Launchpad Venture Group to name a few. The most recent round, Series D-1, follows the $100 million raised for Series D valuing the company at $750 million. The terms surrounding the Series D-1 include a pari passu liquidation with Series C, C-1, C-2, and D, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $47.08, an up round from Series D at $31.6195.
ezCater is currently a Prime Unicorn Index component. Here’s how they are currently tracking against the index:
The Prime Unicorn Index provides a unique opportunity for institutional investors to access a fair representation of the private markets where they can make an investment on the future of their portfolios, whether they want to go long or short.
Additionally, the Index provides up-to-date empirical data used to track today’s private capital markets and offer ways to offset exposure in regard to direct private market investments by taking advantage of the trading opportunities presented by Prime Unicorn Index.
Please email us here for information on trading opportunities with the Index.
Bloomberg Ticker: PUNICORN
Reuters Ticker: .PUNICORN