GroundTruth (formerly known as xAd) was founded in 2009 by Dipanshu Sharma, Sunil Kumar, Chandra Kholia, and Michael Libes. The company has not publicly endorsed plans to participate in an IPO.
GroundTruth is a digital advertising platform that uses location services to target users across devices. The company acquired WeatherBug in 2016. GroundTruth has raised more than $116 million in venture capital funding from investors including Eminence Capital, W Capital, IVP, and Emergence Capital. The company did not disclose valuation figures following a $42.5 million fundraising round in 2016.
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 | |
---|---|---|---|---|---|---|
07/24/2018 | Series F | $18MM | $xx.xx | $477.43MM | Eminence Capital | |
Price per Share
$xx.xx
Shares Outstanding
50,933,786
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Eminence Capital
|
||||||
11/14/2016 | Series E | $43.85MM | $xx.xx | $391.36MM | Eminence Capital, W Capital, Institutional Venture Partners, SharePost, Emergence Capital | |
Price per Share
$xx.xx
Shares Outstanding
141,078,432
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Eminence Capital, W Capital, Institutional Venture Partners, SharePost, Emergence Capital
|
||||||
09/04/2014 | Series D | $35MM | $xx.xx | $243.44MM | Emergence Capital Partners, Institutional Venture Partners, Palisades Ventures, Silicon Valley Bank Ventures, Softbank Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
153,981,522
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emergence Capital Partners, Institutional Venture Partners, Palisades Ventures, Silicon Valley Bank Ventures, Softbank Capital Partners
|
||||||
11/14/2011 | Series C | $5.12MM | $xx.xx | $49.87MM | Palisades Ventures, Emergence Capital Partners, Silicon Valley Bank Ventures, Softbank Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
111,095,857
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Palisades Ventures, Emergence Capital Partners, Silicon Valley Bank Ventures, Softbank Capital Partners
|
||||||
08/16/2010 | Series B-1 | $4.28MM | $xx.xx | $33.21MM | Palisades Ventures, Sorrento Ventures, Softbank Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
138,564,760
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Palisades Ventures, Sorrento Ventures, Softbank Capital Partners
|
||||||
07/03/2008 | Series A-1 | $15MM | $xx.xx | $37.5MM | Arcturus Capital, Tech Coast Angels, Acumen Fund, Smac Partners, Sorrento Ventures | |
Price per Share
$xx.xx
Shares Outstanding
399,628,286
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Arcturus Capital, Tech Coast Angels, Acumen Fund, Smac Partners, Sorrento Ventures
|