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Exact(57)
Now, Mr. Gage is seeking $2 million in a Series A equity round, which he hopes to close by the end of the fiscal year's second quarter.
(An equity round could have likely shifted the valuation higher).
Before the private equity round, QuintoAndar had raised $25 million.
* This was an equity round, not a debt infusion.
Its last equity round was for $135 million in 2015.
In fact, debt is most often available immediately after closing an equity round.
The funding comes from Silicon Valley Bank and follows a $6.25 million equity round last year.
"We had been doing a capital raise, an equity round, " he said.
Similar(3)
To date the company has raised over $200 million, combining both debt and equity rounds.
"All the late-growth equity rounds are with some degree of liquidity, or a massive amount of liquidity.
The average size of technology growth equity rounds extended its decline from its high in Q4 2016, and the median round size is down, as well.
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