Credit Karma, the company that operates a platform to help consumers monitor their credit score founded in 2007, will be acquired by Intuit for just over $7 billion according to a press release from February 24, 2020.
As a private company, Credit Karma raised funds from Ventures Capital investors totaling approximately $315 million. These investors included Silver Lake Management, Archer Venture Capital, Ben Jen Holdings, eBrands.vc, CapitalG, Tiger Global Management, Ribbit Capital, Susquehanna Growth Equity, Felicis Ventures, Founders Fund, and QED Investors. Credit Karma’s last private funding was in 2015, when it raised $175 million in a Series D with a post-money valuation of $3.5 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/23/2015 | Series D | $154.05MM | $xx.xx | $3.75B | 500 Startups, Susquehanna Growth Equity, Tiger Global Management, Valinor Management, Viking Global Investors | |
Price per Share
$xx.xx
Shares Outstanding
10,948,119
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Susquehanna Growth Equity, Tiger Global Management, Valinor Management, Viking Global Investors
|
||||||
03/12/2014 | Series C | $45.53MM | $xx.xx | $761.17MM | Google Capital, Ribbit Capital, Susquehanna Growth Equity, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
17,944,716
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Google Capital, Ribbit Capital, Susquehanna Growth Equity, Tiger Global Management
|
||||||
03/20/2013 | Series B | $22.2MM | $xx.xx | $154.31MM | 500 Startups, Felicis Investors, Ribbit Capital, Susquehanna Growth Equity | |
Price per Share
$xx.xx
Shares Outstanding
39,750,194
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Felicis Investors, Ribbit Capital, Susquehanna Growth Equity
|
||||||
11/04/2009 | Series A-2 | $1.19MM | $xx.xx | $14.57MM | Ashby Point Capital, Felicis Ventures, Qed Investors, Sv Angel | |
Price per Share
$xx.xx
Shares Outstanding
18,143,922
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ashby Point Capital, Felicis Ventures, Qed Investors, Sv Angel
|
||||||
10/15/2008 | Series A-1 | $365,548.00 | $xx.xx | $5.41MM | Undisclosed Individual Investors | |
Price per Share
$xx.xx
Shares Outstanding
11,171,768
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Individual Investors
|