Mark43 Authorizes Huge Down Round

On March 26, 2024, Mark43, a Prime Unicorn Index component most recently valued at $1.5 billion, authorized a new Series F round that marked down its share price by a whopping 86.7%.

Mark43 is a technology company that provides cloud-based software solutions for public safety agencies, including law enforcement, fire departments, and emergency medical services. Its offerings include a comprehensive Records Management System (RMS) and Computer-Aided Dispatch (CAD) system designed to streamline data management, improve communication and coordination, and enhance the overall efficiency of public safety operations. By leveraging advanced technology and user-friendly interfaces, Mark43 aims to modernize and optimize the way public safety organizations manage information and respond to incidents.

Mark43 most recently raised a $101 million Series E round in April 2021 at a preferred price per share of $14.06. The new Series F round, priced at $1.87, will see its valuation slashed to $206 million on a pre-money valuation basis. 

Mark43 has raised a total of $228.7 million from investors, including Tiger Global, Spruce House, The Radcliff Companies, General Catalyst, Breyer Capital, Sound Ventures, Spark Capital, Goldman Sachs, Govtech Fund, Lowercase Capital, and others. 

See how Mark43’s preferred share price has progressed below.