Mark43

GovtechUSA
✂️ Markdown
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1 Billion21
  3. 💔
    Became a Unitard
    2024
  4. 💸
    Last valuation
Current status
Dropped below $1B; removed from the Prime Unicorn Index in 2024 after a lower-priced Series F

How it happened

Mark43 builds cloud software for law-enforcement and public-safety agencies — computer-aided dispatch, records management and analytics used by scores of police departments. Backed by General Catalyst, Spark Capital, Bezos Expeditions and Tiger Global, it reached a $1B valuation on a $101M Series E in July 2021, but its 2024 Series F was priced lower and the Prime Unicorn Index dropped it below the $1B threshold in Q3 2024. Glassdoor reviews trace the reset from inside: deep 2022 layoffs that insiders blamed on hiring too fast, a leadership shake-up that brought in a new CEO, then years of near-constant reorgs with raises postponed and benefits trimmed as the company steadied itself.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: Prime Unicorn Index / Crunchbase / Nasdaq Private Market (public-safety software maker — CAD, records and analytics for police — backed by General Catalyst, Spark Capital, Bezos Expeditions and Tiger Global; reached a $1B unicorn valuation on a July 2021 Series E; a 2024 Series F came at a reduced valuation and the Prime Unicorn Index removed Mark43 in Q3 2024 as its value fell below $1B)

More from the club

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