Private Company Valuations: Blekko, Inc.

Justin Byers, Business Intelligence Analyst

There have been numerous search engines that have come and gone over the lifetime of the internet. These days there are the obvious (Google, Yahoo, Bing), and there are also others that you might not realize are still around (Cuil, Lycos, AltaVista). There is one company operating in "stealth mode" that is currently creating a new search engine. This week we are going to take a look at the latest round of financing for this company.

Blekko, Inc. was founded in 2007 and is headquartered in Redwood City, California. The company is developing an internet search engine. Recently they reported closing on a Series C round totaling approximately $14 MM. Participating in this round were U.S. Venture Partners and CMEA Capital. The Deal Terms of this recent round were:

Filing Date 07/20/2009
Liquidation Preference for the Current Round Pari Passu
Round of Financing Series C
Round Direction Up Round
Multiple of the Liquidation Preference: 1x; 2x; 3x; > 3ž. 0 - 1x
Type of Preferred Stock Conventional Convertible
Anti-Dilution Protection Weighted Average
Redemption at Investor's Option No
Pay-to-Play Provisions No
Cumulative Dividends No
Amount Raised in Current Round $14 MM
Price Per Share $.54
Post-Money Valuation Call for More Information

VC Experts' Cost Of Capital Benchmark

The Cost of Capital Benchmark is an analytics tool, defined in a graphical format whose independent variables are time, industry, and region. The value of such a tool lies in its capability to reduce a venture capital deal to a numerical value and then compare that numerical representation to a baseline.

For additional data on Blekko, Inc., plus access to valuation and deal term metrics on 3,000 other private venture funded companies, visit the Private Equity Data Center or call 646-290-9254.