Wyze was founded in 2017 by Dave Crosby, Dongsheng Song, Elana Fishman, and Yun Zhang. Wyze has not officially endorsed a plan to participate in an IPO.
Wyze is a company that creates AI-powered smart-home devices such as security cameras, thermostats, and automated vacuum cleaners. Per Forge data, July 2021 was the company’s most recent funding round. The Series B funding raised them $110 million, leaving Wyze at a valuation of $450 million. Key investors include Marcy Venture Partners and Eastern Bell Venture Capital.
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 | |
---|---|---|---|---|---|---|
07/30/2021 | Series B-1 | $10MM | $xx.xx | $581.73MM | Marcy Venture Partners, American Family Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,792,980
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
N/A
Key Investors
Marcy Venture Partners, American Family Ventures
|
||||||
07/30/2021 | Series B | $100MM | $xx.xx | $581.73MM | Marcy Venture Partners, American Family Ventures | |
Price per Share
$xx.xx
Shares Outstanding
13,275,449
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
N/A
Key Investors
Marcy Venture Partners, American Family Ventures
|
||||||
07/29/2020 | Series A-1 | $15MM | $xx.xx | $140.17MM | Norwest Venture Partners, American Family Ventures, Marcy Venture Partners, Amino Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,230,009
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
N/A
Key Investors
Norwest Venture Partners, American Family Ventures, Marcy Venture Partners, Amino Capital
|
||||||
01/31/2019 | Series A | $20MM | $xx.xx | $100.16MM | Norwest Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
9,968,102
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
N/A
Key Investors
Norwest Venture Partners
|
||||||
08/11/2017 | Series Seed | $1,000,000 | $xx.xx | $2.86MM | iSeed Ventures | |
Price per Share
$xx.xx
Shares Outstanding
10,000,000
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
N/A
Key Investors
iSeed Ventures
|