TripActions has a new $500 Million Series G Round

TripActions has just authorized a new Series G preferred stock which could increase the valuation to $8.14 billion if all Series G shares are issued. The business travel management company is previously backed by Base Partners, Elad Gil, Greenoaks Capital Management, Zeev Ventures, Lightspeed Venture Partners, A16Z, and Addition Ventures to name a few. The most recent Series G round follows $275 million raised for Series F. The terms surrounding the Series G 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 $12.4829, an up round from Series F at $10.7825.
Here is how they are currently tracking against the index: