Locus Robotics has a new down round

Locus Robotics has just authorized a new Series F preferred stock which could slightly increase the valuation to $1.97 billion if all Series F shares are issued. The autonomous mobile robot company is previously backed by Tiger Global, Scale Venture Partners, Zebra Ventures and other strategic investors. The most recent Series F round follows $12 million raised for the Convertible Preferred Stock round. 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 $42.9982, a down round from the Convertible Preferred Stock round at $45.2790.

Here is how they are currently tracking against the Prime Unicorn Index: