Madison Reed Status
The company raised $51.38 million of Series C venture funding in a deal led by Comcast Ventures and Shea Ventures on November 3, 2017, putting the company's pre-money valuation at $55 million. Plug and Play Tech Center, True Ventures, Nautilus Ventures, 5xmais, Norwest Venture Partners, Alumni Ventures Group, Calibrate Ventures, Greenspring Associates and other undisclosed investors also participated in the round. The funding will be used to rapidly expand the digitally native company's current business, as well as expand its physical footprint. Previously, the company received $10 million of debt financing from Trinity Capital Investment on March 23, 2017.