Zume was founded in 2015 by Alex Garden and Julia Collins. The company has not publicly endorsed a plan to pursue an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Zume was originally founded as a pizza company, but later transitioned to focusing on kitchen automation technology and sustainable food packaging. Zume has raised nearly $450 million in Venture Capital funding from investors including Grishin Robotics, MicroVentures, FJ Labs, Kleiner Perkins, SGH Capital, SoftBank, AME Cloud Ventures, Maveron, and SignalFire. While once valued at $4 billion, employee layoffs and technological challenges make it doubtful that this figure is still accurate.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/17/2018 | Series C | $375MM | $xx.xx | $2.38B | Grishin Robotics, Softbank Investment Advisors | |
Price per Share
$xx.xx
Shares Outstanding
7,424,345
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
Grishin Robotics, Softbank Investment Advisors
|
||||||
10/09/2017 | Series B | $48MM | $xx.xx | $218MM | Fj Labs, Kleiner Perkins, Sgh Capital, Softbank Investment Advisors, Wareness Studio | |
Price per Share
$xx.xx
Shares Outstanding
5,705,049
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fj Labs, Kleiner Perkins, Sgh Capital, Softbank Investment Advisors, Wareness Studio
|
||||||
12/07/2016 | Series A-1 | $2.5MM | $xx.xx | $50MM | Ame Cloud Ventures, Kortschak Investments, Maveron, Signalfire | |
Price per Share
$xx.xx
Shares Outstanding
1,951,750
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
Ame Cloud Ventures, Kortschak Investments, Maveron, Signalfire
|
||||||
12/07/2016 | Series A-2 | $8.19MM | $xx.xx | $50MM | Ame Cloud Ventures, Kortschak Investments, Maveron, Signalfire | |
Price per Share
$xx.xx
Shares Outstanding
2,932,931
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
Ame Cloud Ventures, Kortschak Investments, Maveron, Signalfire
|
||||||
12/07/2016 | Series A | $12MM | $xx.xx | $50MM | Ame Cloud Ventures, Kortschak Investments, Maveron, Signalfire | |
Price per Share
$xx.xx
Shares Outstanding
3,261,933
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
Ame Cloud Ventures, Kortschak Investments, Maveron, Signalfire
|