BIDGELY, INC. announced that it has issued 12,909,228 series C preferred stock at an issue price of $3.0453 per share for gross proceeds of $39,312,472.0284 in a round of funding on January 16, 2018. The transaction included participation from existing investors, Khosla Ventures, E.ON SE, Constellation Technology Ventures, and innogy SE, Georgian Partners. The company has raised $51,000,000 in funding till date.

The preferred shares are convertible at an issue price of $3.0453 per share and will bear the dividend at a price of $0.243624 per share. The shares are convertible, carry non-cumulative dividend, participating, and redeemable in nature.