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Exchangeable shares and redeemable convertible preferred stock (Tables)
9 Months Ended
Sep. 30, 2021
Temporary Equity Disclosure [Abstract]  
Schedule of Exchangeable and Redeemable Convertible Preferred Stock
The following tables present Sonder’s authorized and outstanding exchangeable shares (in thousands except number of shares and per share amounts):
September 30, 2021
Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price
Per Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series AA Common
22,518 9,427 $— $— $— 
Series Seed 1
2,589 2,589 0.53 1,359 1,372 
Series Seed 2
1,209 1,209 0.50 606 605 
Series Seed 3
704 704 1.09 787 768 
Series A
183 183 1.36 250 250 
Series B
2,336 2,336 2.40 5,610 5,605 
Series C
3,175 3,175 5.04 15,991 16,003 
Series D
2,058 1,963 10.50 20,600 20,608 
Series E
421 421 10.77 4,530 4,530 
Total exchangeable shares
35,193 22,006 — $49,733 $49,741 
 December 31, 2020
 Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price
Per Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series AA Common
22,518 9,437 $— $— $— 
Series Seed 1
2,589 2,589 0.53 1,359 1,372 
Series Seed 2
1,209 1,209 0.50 606 605 
Series Seed 3
704 704 1.09 787 768 
Series A
183 183 1.36 250 250 
Series B
2,336 2,336 2.40 5,610 5,605 
Series C
3,175 3,175 5.04 15,991 16,003 
Series D
2,058 1,963 10.50 20,600 20,608 
Series E
421 421 10.77 4,530 4,530 
Total exchangeable shares
35,193 22,017 — $49,733 $49,741 
The following tables present Sonder’s authorized and outstanding redeemable convertible preferred stock (in thousands except number of shares and per share amounts)
September 30, 2021
Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price
Per Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series Seed 1
3,703 785 $0.53 $269 $416 
Series Seed 1-A
3,703 328 0.53 174 174 
Series Seed 2
1,720 471 0.50 222 235 
Series Seed 2-A
1,720 39 0.50 20 20 
Series Seed 3
704 — 1.09 — — 
Series Seed 3-A
704 — 1.09 — — 
Series A
7,023 6,780 1.36 9,241 9,221 
Series A-1
7,023 — 1.36 — — 
Series B
15,611 13,218 2.40 27,105 31,723 
Series B-1
15,611 — 2.40 — — 
Series C
19,071 12,144 5.04 56,496 61,204 
Series C-1
19,071 3,514 5.04 17,708 17,708 
Series D
21,603 3,472 10.50 35,808 36,460 
Series D-1
21,603 16,049 10.50 168,518 168,518 
Series E
34,933 18,956 10.77 203,189 204,159 
Total redeemable convertible preferred stock
173,803 75,758 — $518,750 $529,838 
 December 31, 2020
 Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price
Per Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series Seed 1
3,703 1,114 $0.53 $443 $590 
Series Seed 1-A
3,703 — 0.53 — — 
Series Seed 2
1,720 510 0.50 242 255 
Series Seed 2-A
1,720 — 0.50 — — 
Series Seed 3
704 — 1.09 — — 
Series Seed 3-A
704 — 1.09 — — 
Series A
7,023 6,780 1.36 9,241 9,221 
Series A-1
7,023 — 1.36 — — 
Series B
15,611 13,218 2.40 27,105 31,723 
Series B-1
15,611 — 2.40 — — 
Series C
19,071 15,657 5.04 74,204 78,912 
Series C-1
19,071 — 5.04 — — 
Series D
21,603 16,663 10.50 174,315 174,967 
Series D-1
21,603 2,858 10.50 30,011 30,011 
Series E
20,433 18,863 10.77 202,169 203,158 
Total redeemable convertible preferred stock
159,303 75,665 — $517,730 $528,837 
The following tables present Sonder’s authorized and outstanding exchangeable shares as of December 31, 2020 and 2019 (in thousands except share and per share amounts):
December 31, 2020
Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price
Per Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series AA Common22,517,608 9,437,358 $— $— $— 
Series Seed 12,588,866 2,588,866 0.53 1,359 1,372 
Series Seed 21,209,160 1,209,160 0.50 606 605 
Series Seed 3704,380 704,380 1.09 787 768 
Series A183,420 183,420 1.36 250 250 
Series B2,335,500 2,335,500 2.40 5,610 5,605 
Series C3,175,207 3,175,207 5.04 15,991 16,003 
Series D2,057,926 1,962,652 10.50 20,600 20,608 
Series E420,570 420,570 10.77 4,530 4,530 
Total exchangeable shares35,192,637 22,017,113 $49,733 $49,741 
December 31, 2019
Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price
Per Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series AA Common
22,254,459 9,842,579 $— $— $— 
Series Seed 1
2,588,866 2,588,866 0.53 1,359 1,372 
Series Seed 2
1,209,160 1,209,160 0.50 606 605 
Series Seed 3
704,380 704,380 1.09 787 768 
Series A
183,420 183,420 1.36 250 250 
Series B
2,335,500 2,335,500 2.40 5,610 5,605 
Series C
3,175,207 3,175,207 5.04 15,991 16,003 
Series D
2,057,926 1,962,652 10.50 20,600 20,608 
Total exchangeable shares
34,508,918 22,001,764 $45,203 $45,211 
The following tables present Sonder’s authorized and outstanding redeemable convertible preferred stock as of December 31, 2020 and 2019 (in thousands except share and per share amounts):
December 31, 2020
Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price Per
Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series Seed 1
3,702,526 1,113,660 $0.53 $443 $590 
Series Seed 1-A
3,702,526 — 0.53 — — 
Series Seed 2
1,719,560 510,400 0.50 242 255 
Series Seed 2-A
1,719,560 — 0.50 — — 
Series Seed 3
704,380 — 1.09 — — 
Series Seed 3-A
704,380 — 1.09 — — 
Series A
7,023,193 6,780,333 1.36 9,241 9,221 
Series A-1
7,023,193 — 1.36 — — 
Series B
15,611,276 13,218,080 2.40 27,105 31,723 
Series B-1
15,611,276 — 2.40 — — 
Series C
19,070,648 15,657,167 5.04 74,204 78,912 
Series C-1
19,070,648 — 5.04 — — 
Series D
21,603,476 16,663,497 10.50 174,315 174,967 
Series D-1
21,603,476 2,858,234 10.50 30,011 30,011 
Series E
20,432,992 18,863,308 10.77 202,169 203,158 
Total redeemable convertible preferred stock
159,303,110 75,664,679 $517,730 $528,837 
December 31, 2019
Shares
Authorized
Shares
Issued and
Outstanding
Issuance
Price Per
Share
Net
Carrying
Value
Aggregate
Liquidation
Preference
Series Seed 1
3,702,526 1,113,660 $0.53 $443 $590 
Series Seed 1-A
3,702,526 — 0.53 — — 
Series Seed 2
1,719,560 510,400 0.50 242 255 
Series Seed 2-A
1,719,560 — 0.50 — — 
Series Seed 3
704,380 — 1.09 — — 
Series Seed 3-A
704,380 — 1.09 — — 
Series A
7,023,193 6,780,333 1.36 9,241 9,221 
Series A-1
7,023,193 — 1.36 — — 
Series B
15,611,276 13,218,080 2.40 27,105 31,723 
Series B-1
15,611,276 — 2.40 — — 
Series C
19,070,648 15,657,167 5.04 74,204 78,912 
Series C-1
19,070,648 — 5.04 — — 
Series D
21,508,202 19,474,094 10.50 203,732 204,478 
Series D-1
21,508,202 — 10.50 — — 
Total redeemable convertible preferred stock
138,679,570 56,753,734 $314,967 $325,179