Electric was founded in 2016 by Ryan Denehy. Electric has not officially endorsed a plan to participate in an IPO.
Electric is a developer of IT platforms for small and midsize businesses. Per Forge data, Electric raised $212.1 million in funding over 9 rounds. Their latest funding was raised on Mar 29, 2022, from a Series D round. Key investors include Greenspring Associates, Notable Capital, Bessemer Venture Partners, 01 Advisors, Bowery Capital, and Slack.
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 | |
---|---|---|---|---|---|---|
03/29/2022 | Series D-1 | $23.35MM | $xx.xx | $1.04B | Harmonic Growth Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,788,678
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Harmonic Growth Partners
|
||||||
10/19/2021 | Series D | $90MM | $xx.xx | $855.29MM | GGV Capital, Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners, Slack | |
Price per Share
$xx.xx
Shares Outstanding
17,667,845
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GGV Capital, Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners, Slack
|
||||||
02/23/2021 | Series C | $40MM | $xx.xx | $342.6MM | Greenspring Associates, Bessemer Venture Partners, GGV Capital, 01 Advisors, Primary Venture Partners, Atreides Management, Vintage Investment Partners | |
Price per Share
$xx.xx
Shares Outstanding
16,276,041
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Greenspring Associates, Bessemer Venture Partners, GGV Capital, 01 Advisors, Primary Venture Partners, Atreides Management, Vintage Investment Partners
|
||||||
05/18/2020 | Series B-1 | $21.5MM | $xx.xx | $179.63MM | Slack, 01 Advisors, Dolik Ventures | |
Price per Share
$xx.xx
Shares Outstanding
13,980,103
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Slack, 01 Advisors, Dolik Ventures
|
||||||
01/23/2019 | Series B | $25.1MM | $xx.xx | $126.7MM | GGV Capital, Bessemer Venture Partners, Supernode Ventures | |
Price per Share
$xx.xx
Shares Outstanding
20,206,697
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GGV Capital, Bessemer Venture Partners, Supernode Ventures
|
||||||
03/28/2018 | Series A | $9.25MM | $xx.xx | $37.17MM | Bessemer Venture Partners, Bowery Capital, Primary Venture Partners, Supernode Ventures | |
Price per Share
$xx.xx
Shares Outstanding
19,850,320
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bessemer Venture Partners, Bowery Capital, Primary Venture Partners, Supernode Ventures
|
||||||
09/15/2017 | Series Seed-1 | $1MM | $xx.xx | $12.5MM | Bowery Capital, Primary Venture Partners, Charge Ventures, Supernode Ventures, Silicon Badia | |
Price per Share
$xx.xx
Shares Outstanding
4,278,080
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bowery Capital, Primary Venture Partners, Charge Ventures, Supernode Ventures, Silicon Badia
|
||||||
11/18/2016 | Series Seed | $2MM | $xx.xx | $8MM | Bowery Capital, Primary Venture Partners, Charge Ventures, Anchor Worldwide, Silicon Badia, Gunderson Dettmer | |
Price per Share
$xx.xx
Shares Outstanding
11,764,704
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Bowery Capital, Primary Venture Partners, Charge Ventures, Anchor Worldwide, Silicon Badia, Gunderson Dettmer
|