Affirm Gets Some Financing of Their Own, to the Tune of $316 million

Affirm authorized enough shares for a $316 million raise at a valuation of $2.45 billion, if all shares authorized are issued. The consumer finance company providing transparent financing solutions is previously backed by The Founders Fund, Spark Capital Partners, Khosla Ventures, Lightspeed Venture Partners and Andreessen Horowitz to name a few. The most recent round, Series F, follows the $200 million raised for Series E valuing the company at $1.79 billion. The terms surrounding the Series F include a pari passu liquidation with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $13.1831, an up round from Series E at $11.3406.

Continue reading…

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s