Snapdocs was founded in 2012 by Aaron King. King says that the company plans to go public, and has been approached by "five to ten" SPAC investors, but declined to specify a timeline. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Snapdocs is a digital mortgage platform that allows real estate professionals to manage every part of a transaction and close deals online. The platform integrates with existing real estate technologies for a seamless user experience. Per a company press release, a round of Series D funding raised $150 million in new capital, bringing Snapdocs' total venture capital funding to $260 million. Investors include Tiger Global, Alkeon Capital Management, F Prime, Maverick Ventures, Sequoia Capital, Wellington Management, Y Combinator, Greenpoint Partners, and Founders Fund. The company reports a valuation of "over $1.5 billion."
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/25/2021 | Series D | $151MM | $xx.xx | $1.5B | Alkeon, F-Prime Capital, Maverick Ventures, Sequoia Capital, Tiger Global Management, Wellington Management, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
4,224,869
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alkeon, F-Prime Capital, Maverick Ventures, Sequoia Capital, Tiger Global Management, Wellington Management, Y Combinator
|
||||||
10/12/2020 | Series C-1 | $15MM | $xx.xx | $660.01MM | F-Prime Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,340,796
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
F-Prime Capital
|
||||||
10/12/2020 | Series C | $60MM | $xx.xx | $660.01MM | Docusign, Founders Fund, F-Prime Capital, Lachy Groom, Maverick Ventures, Sequoia Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
3,268,081
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Docusign, Founders Fund, F-Prime Capital, Lachy Groom, Maverick Ventures, Sequoia Capital, Y Combinator
|
||||||
09/26/2019 | Series B | $25MM | $xx.xx | $211.15MM | Founders Fund, F-Prime Capital, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,274,009
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Founders Fund, F-Prime Capital, Sequoia Capital
|
||||||
09/29/2017 | Series A | $15.34MM | $xx.xx | $62.45MM | Accelerator Ventures, Freestyle Capital, Red Swan Ventures, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,495,101
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accelerator Ventures, Freestyle Capital, Red Swan Ventures, Sequoia Capital
|
||||||
09/29/2017 | Series A-1 | $172,335.58 | $xx.xx | $62.45MM | Accelerator Ventures, Freestyle Capital, Red Swan Ventures, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
291,255
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accelerator Ventures, Freestyle Capital, Red Swan Ventures, Sequoia Capital
|
||||||
09/29/2017 | Series A-2 | $1.32MM | $xx.xx | $62.45MM | Accelerator Ventures, Freestyle Capital, Red Swan Ventures, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
895,754
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accelerator Ventures, Freestyle Capital, Red Swan Ventures, Sequoia Capital
|
||||||
07/31/2014 | Series Seed | $1.5MM | $xx.xx | $7.5MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,739,722
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|