Altss Research / Venture case 24
IRL
IRL’s board voted to dissolve the company in June 2023. Its 2021 Series C had valued the private company at $1.17 billion post-money.
Altss Research · Evidence reviewed · Historical event record
Historical private valuation
$1.17bnThe Delaware Chancery opinion records a May 2021 Series C close at $1.17 billion post-money. Reuters reported the funding announcement on June 15; announcement and closing dates are distinct.
Wind-down
No sale priceBoard voted to dissolve. The opinion records a unanimous board vote to dissolve IRL on June 23, 2023 and a subsequent public shutdown statement. It does not establish completion of all creditor or shareholder distributions.
These figures have different valuation bases and dates. Their difference is not a measure of investor losses. Methodology ↗
The documented timeline
Series C close
The court opinion records the $1.17 billion post-money valuation for the closed financing.
Dissolution vote
The board unanimously voted to dissolve the company, according to the procedural history in the opinion.
Source documents
Publication and access dates identify the evidence used for this case.
Delaware Court of Chancery · Primary source · Published Mar 3, 2025 · Accessed Oct 26, 2026
Reuters via WTAQ · Financial reporting · Published Jun 15, 2021 · Accessed Oct 26, 2026
Logo: IRL logo source. Company trademark rights remain.