Startup Trends: Companies to achieve notable funding rounds in Q1 2024
Five companies – Lambda, Alumis, Freenome, Applied Intuition, and Glean – celebrated notable funding hauls in the past quarter.
glean.comEnterprise Software / Data IntelligenceFounded: 2019Funding to Date: $2.59B
Glean is an AI-based company that aims to search across company applications. The company has a mission to understand context, language, behavior, and relationships with others to find relevant information for the creation of personalized answers to questions instantly. Glean was founded by Arvind Jain, Piyush Prahladka, Tony Gentilcore, and TR Vishwanath in 2019 and is headquartered in Palo Alto, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/10/2024 | Series E | $265MM | $xx.xx | $4.6B | Altimeter, DST Global, Craft Ventures, Sapphire Ventures, SoftBank, Coatue, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
7,977,962
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
Altimeter, DST Global, Craft Ventures, Sapphire Ventures, SoftBank, Coatue, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital
|
||||||
02/27/2024 | Series D | $203.2MM | $xx.xx | $2.2B | Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital, Coatue, ICONIQ Growth, IVP, Latitude Capital, Adams Street, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, General Catalyst | |
Price per Share
$xx.xx
Shares Outstanding
11,527,174
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
Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital, Coatue, ICONIQ Growth, IVP, Latitude Capital, Adams Street, Capital One Ventures, Citi, Databricks Ventures, Workday Ventures, General Catalyst
|
||||||
05/18/2022 | Series C | $101MM | $xx.xx | $1B | Sequoia Capital, General Catalyst, Kleiner Perkins, Lightspeed Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
10,445,317
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
Sequoia Capital, General Catalyst, Kleiner Perkins, Lightspeed Venture Partners
|
||||||
09/15/2021 | Series B | $40MM | $xx.xx | $302.56MM | General Catalyst, Kleiner Perkins, Lightspeed Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
10,950,200
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
General Catalyst, Kleiner Perkins, Lightspeed Venture Partners
|
||||||
06/30/2019 | Series A | $15.3MM | $xx.xx | $43.71MM | Kleiner Perkins, Lightspeed Venture Partners, Slack Fund | |
Price per Share
$xx.xx
Shares Outstanding
26,322,560
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
Kleiner Perkins, Lightspeed Venture Partners, Slack Fund
|
Five companies – Lambda, Alumis, Freenome, Applied Intuition, and Glean – celebrated notable funding hauls in the past quarter.