Your robotic automation startup, Kela Controls, has raised capital as follows:

Funding RoundPre-MoneyPost-Money

Series A .......................... $8 million ............. $12 million

Series B .......................... $25 million ............ $40 million

Series C .......................... $100 million ......... $150 million

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.)