What this is
How much Niantic had raised in its October 2015 round when it filed with the US securities regulator: $20,000,001, with $14,999,999 still to sell.
How it’s built
- Read from Niantic’s Form D, a notice of a private share sale, filed with the SEC on 21 October 2015.
What we assumed
Nothing. The figure is used as published.
Sanity check
The odd $1 fits three equal tickets of $6,666,667. The Form D names no investors.
Where it comes from
The line in the source
<totalAmountSold>20000001</totalAmountSold> <totalRemaining>14999999</totalRemaining>
In English
$20,000,001 sold as of filing; $14,999,999 remaining. Matches the $20m upfront tranche only.