Earnin was founded in 2012 by Ram Palaniappan. Earnin has not officially endorsed a plan to participate in an IPO.
Earnin is a payment application with a mission to help people receive their paychecks faster. Per Forge data, Earnin has raised a total of $190.1 million in funding over 4 rounds. Their latest funding was raised on Dec 20, 2018, from a Series C round. Key investors include Andreessen Horowitz, Spark Capital, Felicis, Matrix, and DST Global.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/04/2020 | Series 5 | $27MM | $xx.xx | $533.61MM | G Squared | |
Price per Share
$xx.xx
Shares Outstanding
2,662,007
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
--
Key Investors
G Squared
|
||||||
12/20/2018 | Series 4 | $125.24MM | $xx.xx | $825.54MM | Andreessen Horowitz, Coatue Management, Dst Global, March Capital Partners, Matrix Partners, Ribbit Capital, Spark Capital | |
Price per Share
$xx.xx
Shares Outstanding
7,527,844
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
--
Key Investors
Andreessen Horowitz, Coatue Management, Dst Global, March Capital Partners, Matrix Partners, Ribbit Capital, Spark Capital
|
||||||
09/21/2017 | Series 3 | $32.95MM | $xx.xx | $139.77MM | Andreessen Horowitz, March Capital Partners, Matrix Partners, Ribbit Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,745,388
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
--
Key Investors
Andreessen Horowitz, March Capital Partners, Matrix Partners, Ribbit Capital
|
||||||
01/09/2017 | Series 2 | $17.34MM | $xx.xx | $46.83MM | Felicis Ventures, March Capital Partners, Matrix Partners, Ribbit Capital | |
Price per Share
$xx.xx
Shares Outstanding
9,099,723
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
--
Key Investors
Felicis Ventures, March Capital Partners, Matrix Partners, Ribbit Capital
|
||||||
07/23/2014 | Series 1 | $2.65MM | $xx.xx | $8.83MM | Camp One Ventures, Craig Sherman, Felicis Ventures, Graph Ventures, Manuel Bronstein, Ribbit Capital, Thrive Capital, Trinity Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,413,518
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
--
Key Investors
Camp One Ventures, Craig Sherman, Felicis Ventures, Graph Ventures, Manuel Bronstein, Ribbit Capital, Thrive Capital, Trinity Ventures
|