GitLab Inc. announced that it will issue 2,853,913 series D preferred shares at a price of $35.0396 per share for the gross proceeds of $99,999,969.9548 on August 14, 2018. The shares carry non-cumulative, and participating fixed dividend rate of 8% per share. The shares are non-redeemable. The shares will be convertible into common shares at a fixed conversion price of $35.0396 per share. The round will be raised at a post-money valuation of $1,099,999,985.