Highspot gets $250m new funding

Highspot has just authorized a new Series F preferred stock which could increase the valuation to $3.4 billion if all Series F shares are issued. The sales enablement platform is previously backed by ICONIQ, Sapphire Ventures, Salesforce Ventures, Openview Venture Partners, Madrona Venture Group, and Tiger Global to name a few. The most recent Series F round follows $201 million raised for Series E. The terms surrounding the Series F include pari passu liquidation preference with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $8.66729, an up round from Series E at $6.14282.

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