Dynamics was founded in 2007 by Jeff Mullen. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Dynamics is the manufacturer of a collection of edge-to-edge electronics products, including battery powered payment cards, compact IoT modems, and portable UV light sources. The company's Wallet Card is a customizable payment solution that allows users switch between payment networks, credit and debit, and alternative currencies, all on a single electronic card. Dynamics has raised more than $100 million in venture capital funding from investors including Mastercard, CIBC Capital Partners, Bain Capital Ventures, and Adams Capital Management. The company has not released public valuation figures.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
12/09/2014 | Series C | $70MM | $xx.xx | $571.21MM | MasterCard, Canadian Imperial Bank of Commerce, Bain Capital Ventures, Adams Capital Management | |
Price per Share
$xx.xx
Shares Outstanding
1,647,839
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
MasterCard, Canadian Imperial Bank of Commerce, Bain Capital Ventures, Adams Capital Management
|
||||||
06/29/2011 | Series B | $35MM | $xx.xx | $134.23MM | Bain Capital Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,204,129
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bain Capital Ventures
|
||||||
09/24/2009 | Series A | $5.72MM | $xx.xx | $14.31MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,554,654
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|