froresystems.comTechnology Hardware / Computing hardwareFounded: 2018Funding to Date: $324.1MM
Frore Systems is a private company that specializes in the research, development and distribution of cooling chips for computer software and other technological devices. The product Frore produces is a light, mini-chip, that is thin and is used to replace fans that are installed on devices. In addition, Frore’s chip technology allows hardware systems to run at faster speeds due to the lower level of energy required from its product to remove the heat sources that can slow them down.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/29/2024 | Series C | $80.02MM | $xx.xx | $686.13MM | Addition, Alumni Ventures, Clear Ventures, Fidelity Management & Research Company, Mayfield Fund, Mvp Ventures, Prosperity7, Qualcomm Ventures, Stepstone Group | |
Price per Share
$xx.xx
Shares Outstanding
4,978,092
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Alumni Ventures, Clear Ventures, Fidelity Management & Research Company, Mayfield Fund, Mvp Ventures, Prosperity7, Qualcomm Ventures, Stepstone Group
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12/01/2022 | Series A-2 | $20.03MM | $xx.xx | $502.74MM | Addition, Clear Ventures, Mayfield, Qualcomm Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,772,193
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Clear Ventures, Mayfield, Qualcomm Ventures
|
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12/01/2022 | Series B | $66.55MM | $xx.xx | $502.74MM | Addition, Clear Ventures, Mayfield, Qualcomm Ventures | |
Price per Share
$xx.xx
Shares Outstanding
4,889,839
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Clear Ventures, Mayfield, Qualcomm Ventures
|
||||||
07/23/2020 | Series A-1 | $25.59MM | $xx.xx | $99.76MM | Alumni Ventures, Mvp Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,695,351
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alumni Ventures, Mvp Ventures
|
||||||
08/15/2018 | Series A | $10.14MM | $xx.xx | $22.53MM | Clear Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,657,701
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Clear Ventures
|