Your robotic automation start-up, Kela Controls, has raised capital as follows:

a. How much did Kela raise in each round?

b. Assuming no other securities were issued, what fraction of the firm’s shares were held by common shareholders (founders and employees) after each round?

c. What is the distribution of ownership across each security after the Series C financing?

d. If the firm is ultimately sold for $500 million, what multiple of money did each series earn? What will founders and employees receive? (Assume all preferred shares convert to common.)Appendix

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Funding Round Pre-Money Series A $8 million Series B $25 million Post-Money $12 million $40 million Series C $100 million $150 million.