Firm raises $2M in a Series B at a pre- money valuation of 10M. Later the firm raises 2M in a Series C at a pre-money valuation of 18M, then 3M in a Series D at a pre-money valuation of 27M. What % of firm do Series B investor own right after Series D was raised?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter15: Harvesting The Business Venture Investment
Section: Chapter Questions
Problem 1eM
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Firm raises $2M in a Series B at a pre-
money valuation of 10M. Later the firm
raises 2M in a Series C at a pre-money
valuation of 18M, then 3M in a Series D at a
pre-money valuation of 27M.
What % of firm do Series B investor own
right after Series D was raised?
Transcribed Image Text:Firm raises $2M in a Series B at a pre- money valuation of 10M. Later the firm raises 2M in a Series C at a pre-money valuation of 18M, then 3M in a Series D at a pre-money valuation of 27M. What % of firm do Series B investor own right after Series D was raised?
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