On July 20, 2021, Sundae, Inc. closed the transaction. The company has issued 21,547,080 series C preferred shares for the gross proceeds of $79,999,998.624 in the transaction. The transaction was led by new investor Fifth Wall Ventures Management, LLC and existing investor General Global Capital, LLC. The transaction also included participation from First American Financial Corporation, Intersect Capital LLC, Gaingels, LLC, Crossover VC, Wellington Management Group LLP, Oberndorf Enterprises, LLC, existing investors Susa Ventures Management, LLC, Prudence Holdings, Inc., QED Investors, LLC, Founders Fund, Inc., and individual investors including Will Smith, Richard Seymour, KYGO, Palm Tree Crew, Matt Chapman, Alex Caruso, Aaron Gordon, Solomon Hill, Kelly Olynyk, Isaiah Thomas, Hassan Whiteside, Klay Thompson, Andrew Wiggins, and Weston McKennie. The company has received $70,896,679 from 22 investors pursuant to Regulation D.