Stance was founded in 2009 by Aaron Hennings, Jeff Kearl, John Wilson, Ryan Kingman, and Taylor Shupe. The company has not publicly endorsed plans to participate in an IPO.
Stance is an apparel company that specializes in socks and underwear. Along with its ecommerce presence, the company maintains a number of brick and mortar locations in cities across the United States. Stance has raised more than $115 million in venture capital funding from investors including August Capital, Kleiner Perkins, Menlo Ventures, Shasta Ventures, and Sherpa Capital. The company's last private fundraise was in 2016. The $30 million Series D round resulted in a $400 million valuation.
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 | |
---|---|---|---|---|---|---|
04/28/2016 | Series D | $20.38MM | $xx.xx | $381.44MM | August Capital, Coffin Capital & Ventures, Founders Circle Capital, Kleiner Perkins Caufield & Byers, Menlo Ventures, Mercato Partners, Shasta Ventures, Sherpa Capital, Triple Point Venture Growth | |
Price per Share
$xx.xx
Shares Outstanding
2,037,501
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
August Capital, Coffin Capital & Ventures, Founders Circle Capital, Kleiner Perkins Caufield & Byers, Menlo Ventures, Mercato Partners, Shasta Ventures, Sherpa Capital, Triple Point Venture Growth
|
||||||
03/09/2016 | Series C | $57.36MM | $xx.xx | $278.29MM | Atom Factory, August Capital, Kleiner Perkins Caufield & Byers, Menlo Ventures, Mercato Partners, Osborn Partners, Shasta Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,270,578
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Atom Factory, August Capital, Kleiner Perkins Caufield & Byers, Menlo Ventures, Mercato Partners, Osborn Partners, Shasta Ventures
|
||||||
05/07/2014 | Series B-1 | $16.45MM | $xx.xx | $113.87MM | Anthony Saleh, Joshua James, Menlo Ventures, Nasir Jones | |
Price per Share
$xx.xx
Shares Outstanding
3,504,921
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.1x
Conversion Ratio
1.0x
Dividend Rate
9.1%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Anthony Saleh, Joshua James, Menlo Ventures, Nasir Jones
|
||||||
05/07/2014 | Series B-2 | $10.57MM | $xx.xx | $113.87MM | Anthony Saleh, Joshua James, Menlo Ventures, Nasir Jones | |
Price per Share
$xx.xx
Shares Outstanding
2,252,607
Liquidation Pref Order
3
Liquidation Pref As Multiplier
0.3x
Conversion Ratio
1.0x
Dividend Rate
2.2%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Anthony Saleh, Joshua James, Menlo Ventures, Nasir Jones
|
||||||
05/07/2014 | Series B-3 | $2.57MM | $xx.xx | $113.87MM | Anthony Saleh, Joshua James, Menlo Ventures, Nasir Jones | |
Price per Share
$xx.xx
Shares Outstanding
548,066
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Anthony Saleh, Joshua James, Menlo Ventures, Nasir Jones
|
||||||
07/22/2011 | Series FF | $600.00 | $xx.xx | $1,500.00 | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
600,000
Liquidation Pref Order
4
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
|
||||||
07/22/2011 | Series A | $5.81MM | $xx.xx | $14.38MM | Andre Iguodaia, Kickstart Seed Fund, Mercato Partners, Roc Nation, Universal Music Group | |
Price per Share
$xx.xx
Shares Outstanding
5,225,404
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andre Iguodaia, Kickstart Seed Fund, Mercato Partners, Roc Nation, Universal Music Group
|