PrimetimeGeek independent tech news · est. 2009
Cadence Field raises at a lower price and keeps its team
The company's new round reprices the last one. Nothing else in the announcement changed.
Cadence Field announced a funding round priced below its previous one. The company said headcount is unchanged and no layoffs are planned.
In this scenario the round includes participation from existing investors. Terms beyond the price were not disclosed, including any liquidation preference multiple, which is the term that determines what a down round actually costs the people who work there.
This is a report. Cadence Field's founder declined to comment on preference terms.
Sources
- Company announcement