The Ledger
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Electric raised an $80M Series D at just 10% dilution
“The number we came up with was roughly eighty million. And then we looked at that and said, okay, look at comps in the market. Hey, eighty million actually works out to where, you know, we can raise that round with, you know, 10% dilution. That feels right for…”
Electric grew ARR from $17M to nearly $40M in 2021
“A company like ours that went from, you know, 17 to close to forty million in ARR this year”
Denehy: Electric has reached $8M to $10M in revenue
“The stage that I think tends to come after that, and this is sort of where, where electric's at right now is when you start to get to sort of that early growth stage, the eight to ten million revenue on up.”