MX was founded in 2010 by Brandon Dewitt and Ryan Caldwell. MX has not officially endorsed a plan to participate in an IPO.
MX is a fintech company whose software allows applications to connect with users' bank accounts. Per Forge data, MX Technologies has raised a total of $450 million in funding over 4 rounds. Their latest funding was raised on Jan 13, 2021, from a Series C round. Key investors include USAA, Battery Ventures, and TPG.
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 | |
---|---|---|---|---|---|---|
01/13/2021 | Series C | $375MM | $xx.xx | $1.92B | Canapi Ventures, Capitalg, Cota Capital, Digital Garage, Geodesic Capital, Greycroft, Pelion Venture Partners, Point72 Ventures, Regions Financial Corp, Tpg Growth | |
Price per Share
$xx.xx
Shares Outstanding
238,074,983
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
Canapi Ventures, Capitalg, Cota Capital, Digital Garage, Geodesic Capital, Greycroft, Pelion Venture Partners, Point72 Ventures, Regions Financial Corp, Tpg Growth
|
||||||
06/25/2019 | Series B | $115.47MM | $xx.xx | $439.76MM | Battery Ventures, Commerce Ventures, Cross Creek Capital, Digital Garage, H.I.G. Growth Partners, Industry Ventures, National Bank Of Canada, Pelion Venture Partners, Point72 Ventures, Sorenson Ventures, Ttv Capital, Washington Federal Bank | |
Price per Share
$xx.xx
Shares Outstanding
242,789,286
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
--
Key Investors
Battery Ventures, Commerce Ventures, Cross Creek Capital, Digital Garage, H.I.G. Growth Partners, Industry Ventures, National Bank Of Canada, Pelion Venture Partners, Point72 Ventures, Sorenson Ventures, Ttv Capital, Washington Federal Bank
|
||||||
04/30/2015 | Series A | $65.75MM | $xx.xx | $269.1MM | Digital Garage, Usaa | |
Price per Share
$xx.xx
Shares Outstanding
192,544,302
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
--
Key Investors
Digital Garage, Usaa
|
||||||
11/03/2014 | Series 8 | $4.54MM | $xx.xx | $77.87MM | Commerce Ventures, North Hill Ventures, Ttv Capital | |
Price per Share
$xx.xx
Shares Outstanding
32,411,604
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Commerce Ventures, North Hill Ventures, Ttv Capital
|
||||||
11/03/2014 | Series 7 | $5MM | $xx.xx | $77.87MM | Commerce Ventures, North Hill Ventures, Ttv Capital | |
Price per Share
$xx.xx
Shares Outstanding
41,666,667
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Commerce Ventures, North Hill Ventures, Ttv Capital
|
||||||
11/03/2014 | Series 6 | $6MM | $xx.xx | $77.87MM | Commerce Ventures, North Hill Ventures, Ttv Capital | |
Price per Share
$xx.xx
Shares Outstanding
54,545,454
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Commerce Ventures, North Hill Ventures, Ttv Capital
|
||||||
11/11/2011 | Series 3 | $85,026.00 | $xx.xx | $16.56MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
85,026,180
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/11/2011 | Series 4 | $374,196.00 | $xx.xx | $16.56MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,446,870
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
11/11/2011 | Series 5 | $1.62MM | $xx.xx | $16.56MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
36,611,150
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/22/2010 | Series 1 | $39,994.00 | $xx.xx | $3.78MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,934,301
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/22/2010 | Series 2 | $599,999.00 | $xx.xx | $3.78MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
9,999,995
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/25/2010 | Series X | $198,464.00 | $xx.xx | $3.24MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,480,000
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/25/2010 | Series X2 | $200,000.00 | $xx.xx | $3.24MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,000,000
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|