Startup Trends: Startups turn to strategic acquisitions in 2024
In 2024, several startups made strategic mergers and or acquisitions to grow or expand their competencies, while more established companies acquired some private companies.
udacity.comEducation / E-LearningFounded: 2011Funding to Date: $164.08MM
Udacity is the developer of an online learning platform offering programs designed to provide industry created practitioner skills through a series of "Nanodegree" programs consisting of online courses and real-world projects in artificial intelligence, machine learning, data science, autonomous systems, and cloud computing, among other disciplines.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/09/2015 | Series D | $105.21MM | $xx.xx | $1.08B | Andreessen Horowitz, Baillie Gifford, Bertelsmann Digital Media Investments, Charles River Ventures, Drive Capital, Emerson Collective, Google Ventures, Recruit Strategic Partners | |
Price per Share
$xx.xx
Shares Outstanding
13,935,239
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
Andreessen Horowitz, Baillie Gifford, Bertelsmann Digital Media Investments, Charles River Ventures, Drive Capital, Emerson Collective, Google Ventures, Recruit Strategic Partners
|
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09/24/2014 | Series C | $34.7MM | $xx.xx | $213.75MM | Andreessen Horowitz, Bertelsmann Digital Media Investments, Charles River Ventures, Cox Enterprises, Drive Capital, Recruit, Valor Capital | |
Price per Share
$xx.xx
Shares Outstanding
20,719,733
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
Andreessen Horowitz, Bertelsmann Digital Media Investments, Charles River Ventures, Cox Enterprises, Drive Capital, Recruit, Valor Capital
|
||||||
10/25/2012 | Series B | $17.1MM | $xx.xx | $60.5MM | Andreessen Horowitz, Charles River Ventures | |
Price per Share
$xx.xx
Shares Outstanding
28,954,627
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
Andreessen Horowitz, Charles River Ventures
|
||||||
01/25/2012 | Series A | $7.06MM | $xx.xx | $36MM | Charles River Ventures | |
Price per Share
$xx.xx
Shares Outstanding
16,827,135
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
Charles River Ventures
|
In 2024, several startups made strategic mergers and or acquisitions to grow or expand their competencies, while more established companies acquired some private companies.
Not all private companies looking for an exit strategy decide to launch an IPO.