Pilot was founded in 2016 by Jeff Arnold, Jessica McKellar, and Waseem Daher. The company has not publicly endorsed plans to participate in an IPO.
Pilot provides back office services for startups and small businesses, allowing new companies to outsource certain necessary administrative roles. Pilot employs a team of experienced workers, many of them accountants, who are assigned to work directly with a client. The company's model also makes use of automation and is flexible and fully scalable. Pilot has raised more than $160 million in venture capital funding. A $100 million round in 2021 increased the company's valuation to $1.2 billion. Investors include Bezos Expeditions, Whale Rock Capital, Sequoia, and Index Ventures.
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 | |
---|---|---|---|---|---|---|
03/26/2021 | Series C-1 | $50.32MM | $xx.xx | $122.74B | Bezos Expeditions, Index Ventures, Sequoia Capital, Whale Rock Capital | |
Price per Share
$xx.xx
Shares Outstanding
33,000,000
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
Bezos Expeditions, Index Ventures, Sequoia Capital, Whale Rock Capital
|
||||||
01/26/2021 | Series C | $60.64MM | $xx.xx | $60B | Index Ventures, Sequoia Capital, Stripe | |
Price per Share
$xx.xx
Shares Outstanding
75,152,021
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
Index Ventures, Sequoia Capital, Stripe
|
||||||
07/22/2020 | Series B-1 | $3MM | $xx.xx | $40B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
5,569,272
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
|
||||||
04/17/2019 | Series B | $43MM | $xx.xx | $40B | Index Ventures, Stripe | |
Price per Share
$xx.xx
Shares Outstanding
79,826,222
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
Index Ventures, Stripe
|
||||||
03/14/2018 | Series A-1 | $15.32MM | $xx.xx | $10B | Index Ventures | |
Price per Share
$xx.xx
Shares Outstanding
115,382,400
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
Index Ventures
|
||||||
01/01/2017 | Series A-2 | $3.29MM | $xx.xx | $4B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
60,227,010
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
|