PlanGrid Funding Rounds,Valuation and Investors
PlanGrid Funding History
PlanGrid has raised a total of $104M over the last 11 years Raising this capital resulted in dilution for Tracy Young despite non-dilutive funding options like Founderpath. With $104M money raised, PlanGrid would have to sell for $1B, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $104M assuming no crazy liquidation preferences.
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2015 Series B
PlanGrid raised a Series B of $50M at a $369M valuation in November 2015
2014 Series A
PlanGrid raised a Series A of $18M at a $92M valuation in July 2014
2012 Seed Round
PlanGrid raised a Seed Round of $1.1M
2012 Convertible Note
PlanGrid raised a Convertible Note of $34.9M