Rover was founded in 2011 by Aaron Easterly, Philip Kimmey, and Greg Gottesman. The company has not officially endorsed a plan to participate in an IPO.
Rover operates a platform that allows people to find pet sitters and dog walkers. The company has raised nearly $300 million in Venture Capital funding from investors including Civeta Investments, Cross Creek, First Round Capital, Greenspring Associates, T. Rowe Price, Winslow Capital Management, Spark Capital, Sutter Rock Capital, TCV, Menlo Ventures, Foundry Group, Rolling Bay Ventures, Tuesday Capital, and Madrona Venture Group. Per company press releases, Rover last raised $155 million in May 2018 at a post-money valuation of nearly $1 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/24/2018 | Series G | $125MM | $xx.xx | $926.19MM | Cross Creek Advisors, Greenspring Associates, Spark Capital, Technology Crossover Ventures, T. Rowe Price, Winslow Capital Management | |
Price per Share
$xx.xx
Shares Outstanding
16,603,573
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
Cross Creek Advisors, Greenspring Associates, Spark Capital, Technology Crossover Ventures, T. Rowe Price, Winslow Capital Management
|
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07/20/2017 | Series F | $65MM | $xx.xx | $585MM | Alpha Venture Partners, Bespoke Management, Foundry Group, Madrona Venture Group, Menlo Ventures, Omers Ventures, Science, Spark Capital, Stepstone Group, Technology Crossover Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,772,159
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
Alpha Venture Partners, Bespoke Management, Foundry Group, Madrona Venture Group, Menlo Ventures, Omers Ventures, Science, Spark Capital, Stepstone Group, Technology Crossover Ventures
|
||||||
10/03/2016 | Series E | $40MM | $xx.xx | $300MM | Foundry Group, Gsv Capital, Madrona Venture Group, Menlo Ventures, Omers Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,021,106
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
Foundry Group, Gsv Capital, Madrona Venture Group, Menlo Ventures, Omers Ventures
|
||||||
06/16/2016 | Series D-1 | $7MM | $xx.xx | $150MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,358,764
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
Undisclosed Investors
|
||||||
03/19/2015 | Series D | $23.2MM | $xx.xx | $137.83MM | Foundry Group, Madrona Venture Group, Menlo Ventures, Petco, Technology Crossover Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,131,903
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
Foundry Group, Madrona Venture Group, Menlo Ventures, Petco, Technology Crossover Ventures
|
||||||
03/12/2014 | Series C | $12MM | $xx.xx | $64.29MM | A-Grade Investments, Foundry Group, Madrona Venture Group, Menlo Ventures, Petco | |
Price per Share
$xx.xx
Shares Outstanding
10,287,184
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
A-Grade Investments, Foundry Group, Madrona Venture Group, Menlo Ventures, Petco
|
||||||
02/04/2013 | Series B | $7MM | $xx.xx | $28.59MM | Crunchfund, Foundry Group, Madrona Venture Group, Petco, Rolling Bay Ventures | |
Price per Share
$xx.xx
Shares Outstanding
10,332,103
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
Crunchfund, Foundry Group, Madrona Venture Group, Petco, Rolling Bay Ventures
|
||||||
04/09/2012 | Series A | $3.4MM | $xx.xx | $10.79MM | Crunchfund, Madrona Venture Group | |
Price per Share
$xx.xx
Shares Outstanding
7,316,548
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
Crunchfund, Madrona Venture Group
|