Series B for Lumen Software

A $28M Series B for a software company, acting for the founders and the board, from term sheet to funds received in six weeks.

The background

The founders had a signed term sheet and a runway problem. We renegotiated two clauses that would have cost them at the next round, then ran the closing to the investors' date.

The deal at a glance
Value:
$28M raise
Parties:
4
Weeks:
6
Role:
Company-side
Sector:
Technology
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