With its annual sales of more than $20 billion, Lowe’s has long been a leading source of revenue for the chain.
But as the company’s sales continue to shrink, the company is trying to raise cash from investors in hopes of raising $20.3 million in its most recent round.
In its most recently-completed fiscal year, Lowe was the company with the highest revenue and earnings per share of any Fortune 500 company.
And its stock has gone through several rounds of intense bidding.
The company has raised over $1 billion in funding from investors, including Google Ventures, the Sequoia Capital Group, and the Andreessen Horowitz Network.
The latest round was led by the Sequoias Sequoias SequoIA Partners, a venture capital firm that invests in start-ups, including Lowe’s.
