Lot Spot Funding Rounds,Valuation and Investors
Lot Spot Funding History
Lot Spot has raised a total of $665K over the last 7 years Raising this capital resulted in dilution for Preston Hare despite non-dilutive funding options like Founderpath. With $665K money raised, Lot Spot would have to sell for $6.7M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $665K assuming no crazy liquidation preferences.
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2018 Convertible Note
Lot Spot raised a Convertible Note of $450K
2017 Angel Round
Lot Spot raised a Angel Round of $215K at a $2.9M valuation in September 2017