Private Company Valuations: Silver Spring Networks, Inc.
Posted By Justin Byers, Lead Business Intelligence Analyst on January 26, 2010
SmartGrid technology companies are making the news more and more these days. There has been quite a bit of funding to this portion of the CleanTech sector as well. One company in particular, Silver Spring Networks, Inc, has received a substantial amount of funding over the years. This week we are going to take a look at this company’s latest funding that came in late Q4 2009.
Silver Spring Networks, Inc. is a SmartGrid solutions company, headquartered in Redwood City, California. The company enables utilities (electric, gas, & water) to rapidly and cost effectively deploy a broad set of SmartGrid initiatives. The company raised an additional $105 MM in late Q4 2009. Participating in this Series E round were Google Ventures, Northgate Capital, Foundation Capital, and Kleiner Perkins Caufield & Byers. The Deal Terms of this round were:
| Filing Date | 12/10/2009 |
| Liquidation Preference for the Current Round | Pari Passu |
| Round of Financing | Series E |
| Round Direction | Up Round |
| Multiple of the Liquidation Preference | 1.15x |
| Type of Preferred Stock | Conventional Convertible |
| Anti-Dilution Protection | Weighted Average |
| Redemption at Investor’s Option | No |
| Pay-to-Play Provisions | No |
| Cumulative Dividends | No |
| Dividend Rate | 8% |
| Price Per Share | $10 |
| Amount Raised in Current Round | $105 MM |
| Post-Money Valuation | Subscribe Today! |
For additional data on Silver Spring Networks, Inc. previous financings rounds, plus access to valuation and deal term metrics on 3,000 other private venture funded companies, visit the VC Experts Valuation and Deal Terms database or call 646-290-9254.
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