Guideline was founded in 2015 by Jeremy Caballero, Kevin Busque, and Mike Nelson. After a $200 million financing round in 2021, CEO Busque expressed his confidence that the company is moving quickly towards an IPO, saying "We’re going to go public in 2023. We’ve set everything in motion to achieve that goal." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Guideline is a 401(k) provider for small businesses and startup companies. The company has raised more than $340 million in venture capital funding from investors including General Atlantic, Generation Investment Management, Greyhound Capital, Felicis Ventures, Propel Ventures, Tiger Global Management, and Xfund. The most recent round of funding brought Guideline's post-money valuation to $1.15 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/12/2021 | Series E | $199.63MM | $xx.xx | $1.15B | Felicis Ventures, General Atlantic, Generation Investment Management, Greyhound Capital, Propel Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,767,620
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Felicis Ventures, General Atlantic, Generation Investment Management, Greyhound Capital, Propel Ventures
|
||||||
07/29/2020 | Series D-1 | $3MM | $xx.xx | $450.21MM | Boxgroup, Felicis Ventures, Generation Investment Management, Greyhound Capital, Lerer Hippeau, Propel Venture Partners, Tiger Global Management, Xfund | |
Price per Share
$xx.xx
Shares Outstanding
283,312
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Felicis Ventures, Generation Investment Management, Greyhound Capital, Lerer Hippeau, Propel Venture Partners, Tiger Global Management, Xfund
|
||||||
07/29/2020 | Series D | $83.67MM | $xx.xx | $450.21MM | Boxgroup, Felicis Ventures, Generation Investment Management, Greyhound Capital, Lerer Hippeau, Propel Venture Partners, Tiger Global Management, Xfund | |
Price per Share
$xx.xx
Shares Outstanding
7,901,757
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Felicis Ventures, Generation Investment Management, Greyhound Capital, Lerer Hippeau, Propel Venture Partners, Tiger Global Management, Xfund
|
||||||
12/12/2018 | Series C | $39.25MM | $xx.xx | $170MM | Felicis Ventures, Propel Venture Partners, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
7,868,564
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Felicis Ventures, Propel Venture Partners, Tiger Global Management
|
||||||
08/08/2017 | Series B | $17.49MM | $xx.xx | $85MM | Felicis Ventures | |
Price per Share
$xx.xx
Shares Outstanding
5,167,083
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Felicis Ventures
|
||||||
07/19/2016 | Series A | $12.77MM | $xx.xx | $27MM | Lerer Hippeau, New Enterprise Associates, Propel Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
8,233,018
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lerer Hippeau, New Enterprise Associates, Propel Venture Partners
|