There have been numerous search engines that have come and gone over the lifetime of the internet. These days there are the obvious (Google, Yahoo, Bing), and there are also others that you might not realize are still around (Cuil, Lycos, AltaVista). There is one company operating in "stealth mode" that is currently creating a new search engine. This week we are going to take a look at the latest round of financing for this company.
Blekko, Inc. was founded in 2007 and is headquartered in Redwood City, California. The company is developing an internet search engine. Recently they reported closing on a Series C round totaling approximately $14 MM. Participating in this round were U.S. Venture Partners and CMEA Capital. The Deal Terms of this recent round were:
|Liquidation Preference for the Current Round||Pari Passu|
|Round of Financing||Series C|
|Round Direction||Up Round|
|Multiple of the Liquidation Preference: 1x; 2x; 3x; > 3.||0 - 1x|
|Type of Preferred Stock||Conventional Convertible|
|Anti-Dilution Protection||Weighted Average|
|Redemption at Investor's Option||No|
|Amount Raised in Current Round||$14 MM|
|Price Per Share||$.54|
|Post-Money Valuation||Call for More Information|
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