descript.comConsumer & Lifestyle / MediaFounded: 2017Funding to Date: $102.62MM
Descript makes it faster, easier, and more fun to create content and allows bloggers, podcasters, and businesses to record and edit multitrack videos with titles, transitions, image and video overlays, animations, and more.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/15/2022 | Series C | $50.7MM | $xx.xx | $543.78MM | OpenAI, Andreessen Horowitz, Redpoint Ventures, Spark Capital, Daniel Gross | |
Price per Share
$xx.xx
Shares Outstanding
3,312,618
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
OpenAI, Andreessen Horowitz, Redpoint Ventures, Spark Capital, Daniel Gross
|
||||||
01/12/2021 | Series B | $30.41MM | $xx.xx | $277.7MM | Spark Capital, Nabeel Hyatt, Andreessen Horowitz, Redpoint Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,350,629
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Spark Capital, Nabeel Hyatt, Andreessen Horowitz, Redpoint Ventures
|
||||||
09/18/2019 | Series A | $16.4MM | $xx.xx | $60.67MM | Andreessen Horowitz, Redpoint Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,307,463
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz, Redpoint Ventures
|
||||||
12/12/2017 | Series Seed | $5.1MM | $xx.xx | $25.5MM | Andreessen Horowitz | |
Price per Share
$xx.xx
Shares Outstanding
3,023,899
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Andreessen Horowitz
|