LTK (formerly known as rewardStyle) was founded in 2010 by Amber Venz Box and Baxter Box. The company has not publicly endorsed plans to participate in an IPO.
LTK is a platform where creators and influencers can manage their own digital storefronts, selling the products they endorse. The platform facilitates billions of dollars in transactions every year. The company has raised $315 million in venture capital funding, most of which came from a $300 million investment by SoftBank Vision Fund in 2021. That investment increased LTK's valuation to $2 billion.
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 | |
---|---|---|---|---|---|---|
11/22/2021 | Series B | $300MM | $xx.xx | $2B | Softbank | |
Price per Share
$xx.xx
Shares Outstanding
14,504,330
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.5x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Softbank
|
||||||
01/29/2020 | Series A-1 | $10.05MM | $xx.xx | $487.51MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,389,750
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.2x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
|
||||||
06/15/2015 | Series A | $12.97MM | $xx.xx | $290MM | Maverick Capital Ventures, Miroslava Duma, Nasiba Adilova, Veronica Chou | |
Price per Share
$xx.xx
Shares Outstanding
3,607,880
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.4x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Maverick Capital Ventures, Miroslava Duma, Nasiba Adilova, Veronica Chou
|