Tech Company Financing Transactions

Essential Funding Round

Essential closed a $300 million financing round on 6/9/2017. Investors included Altimeter Capital, Foxconn Technology Group and Playground Global.

Transaction Overview

Company Name
Announced On
6/9/2017
Transaction Type
Venture Equity
Amount
$300,000,000
Round
Undisclosed
Proceeds Purpose
The new financing round created a separate class of shares with more voting rights, suggesting Playground Global has considerable control over Essential, according to Equidate's analysis.

Company Information

Company Status
Out of Business
Industry
Mobile
Mailing Address
380 Portage Ave.
Palo Alto, CA 94306
USA
Phone
Undisclosed
Email Address
Overview
An entirely new type of company, creating solutions for the way people live in the 21st century.
Profile
Essential LinkedIn Company Profile
Social Media
Essential Company Twitter Account
Company News
Essential News
Facebook
Essential on Facebook
YouTube
Essential on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Andrew Rubin
  Andrew Rubin LinkedIn Profile  Andrew Rubin Twitter Account  Andrew Rubin News  Andrew Rubin on Facebook
Chief Financial Officer
Meena Srinivasan
  Meena Srinivasan LinkedIn Profile  Meena Srinivasan Twitter Account  Meena Srinivasan News  Meena Srinivasan on Facebook
Vice President
Shari Doherty
  Shari Doherty LinkedIn Profile  Shari Doherty Twitter Account  Shari Doherty News  Shari Doherty on Facebook
Vice President
Rebecca Zavin
  Rebecca Zavin LinkedIn Profile  Rebecca Zavin Twitter Account  Rebecca Zavin News  Rebecca Zavin on Facebook
VP - General Counsel
Angela Chien
  Angela Chien LinkedIn Profile  Angela Chien Twitter Account  Angela Chien News  Angela Chien on Facebook
VP - Sales
Alexandre Cheriere
  Alexandre Cheriere LinkedIn Profile  Alexandre Cheriere Twitter Account  Alexandre Cheriere News  Alexandre Cheriere on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/9/2017: Cognata venture capital transaction
Next: 6/9/2017: Algolia venture capital transaction

 

Share this article

 


News on VC Transactions

We report on funding rounds that are announced publicly. VC investment data records reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary