Benchmark

“Raised $170 million at a $1.1 billion valuation led by Benchmark and EQT...that first piece came at a valuation of $250 million, according to two sources familiar with the deal.”

“You had to read deeply into the press release to learn that the deal was done in two tranches...that first piece came at a valuation of $250 million...Just days later, the second tranche...closed at more than four times the price.”