Common enough, Atlassian did the same thing a few years before it's IPO - in this case all the money went to employees: https://www.atlassian.com/blog/archives

Common enough, Atlassian did the same thing a few years before it's IPO - in this case all the money went to employees: https://www.atlassian.com/blog/archives/atlassian_closes_60_million_investment_from_accel_partners https://www.atlassian.com/blog/archives/atlassian_closes_60_...