Particle was founded in 2012 by Zach Supalla and Zachary Crockett. The company has not publicly endorsed plans to participate in an IPO.
Particle is an IT platform that helps businesses "connect, manage, and deploy software applications to connected devices." The company has raised more than $80 million in venture capital funding from investors including Qualcomm Ventures, Energy Impact Partners, Root Ventures, Bonfire Ventures, Industry Ventures, and Spark Capital. Particle was valued at $200 million after a $40 million Series C fundraising round in 2019.
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 | |
---|---|---|---|---|---|---|
08/31/2023 | Series A-1 | $2.73MM | $xx.xx | $303.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,136,988
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/31/2023 | Series A'-1 | $4.52MM | $xx.xx | $303.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
12,053,088
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/31/2023 | Series B-1 | $13.96MM | $xx.xx | $303.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
22,228,992
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/31/2023 | Series C-1 | $36.9MM | $xx.xx | $303.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
31,615,240
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/31/2023 | Series C+-1 | $27.95MM | $xx.xx | $303.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
21,832,008
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
08/31/2023 | Series C+++ | $12.38MM | $xx.xx | $237.76MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
9,668,851
Liquidation Pref Order
1
Liquidation Pref As Multiplier
2.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
12/09/2022 | Series C++ | $15.81MM | $xx.xx | $303.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
12,350,203
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
Undisclosed Investors
|
||||||
11/15/2021 | Junior C+ | $1.2MM | $xx.xx | $254.98MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
937,330
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
10/30/2019 | Junior C | $350,005.93 | $xx.xx | $209.2MM | Bonfire Ventures, Counterpart Ventures, Energy Impact Partners, Green D Ventures, Industry Ventures, Qualcomm Ventures, Root Ventures, Sosv, Spark Capital | |
Price per Share
$xx.xx
Shares Outstanding
299,868
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bonfire Ventures, Counterpart Ventures, Energy Impact Partners, Green D Ventures, Industry Ventures, Qualcomm Ventures, Root Ventures, Sosv, Spark Capital
|
||||||
11/17/2016 | Junior A' | $875,056.39 | $xx.xx | $27.48MM | O'Reilly Alpha Tech Ventures, Rincon Venture Partners, Root Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,335,352
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
O'Reilly Alpha Tech Ventures, Rincon Venture Partners, Root Ventures
|
||||||
07/08/2014 | Junior A | $80,985.68 | $xx.xx | $18.16MM | Collaborative Fund, Lion Wells Capital, O�Reilly Alphatech Ventures, Sosventures | |
Price per Share
$xx.xx
Shares Outstanding
241,532
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Collaborative Fund, Lion Wells Capital, O�Reilly Alphatech Ventures, Sosventures
|