Funding round
Alphasense Series C
Alphasense, which works in gas sensor manufacturing in Braintree, raised $180M in a Series C round announced on 30 Sep 2021, led by Viking Global and Goldman Sachs Asset Management. 11 firms took part. It is Alphasense's first venture round on record.
$180M
Amount raised
Not disclosed
Post-money valuation
11
Investors
2 leads
Valuation
What this round says about the price
Alphasense did not disclose a valuation in this round. It is Alphasense's first venture round on record, 25 years after it was founded in 1996. It is 42% of the $430M Alphasense has raised in the venture rounds on record. Alphasense raised again 19 months later: a Series D round of $100M in Apr 2023, at $1.80B post-money.
Alphasense's funding rounds
Alphasense has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Viking Global and Goldman Sachs Asset Management led the round with 9 other firms.
Lead investors
- backs 54 venture-backed companies new investor
- Goldman Sachs Asset Management new investor
Also in the round
- Morgan Stanley backs 120 venture-backed companies new investor
- Citi new investor
- Bank of America new investor
- Barclays new investor
- Wells Fargo Strategic Capital new investor
- Cowen Inc. new investor
- AllianceBernstein new investor
- Trajectory Ventures new investor
- backs 3 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Industrial Products Manufacturer, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Products Manufacturer | 10 Nov 2021 | $100M | not disclosed | Cox Communications |
| Solugen Chemicals | 9 Sep 2021 | $350M | not disclosed | GIC and Baillie Gifford |
| Agile Robots Industrial Machinery & Supplies | 9 Sep 2021 | $220M | $1.00B | SoftBank Vision Fund and SoftBank Group |
| Industrial Machinery & Supplies | 21 Sep 2021 | $200M | not disclosed | 5Y Capital |
| Laboratory Equipment & Supplies | 23 Sep 2021 | $200M | $1.80B | SoftBank Vision Fund |
| Spring Health Psychologists & Counseling Services | 16 Sep 2021 | $190M | $2.00B | Kinnevik |
| AlphaSense Tech Companies | 30 Sep 2021 | $180M | not disclosed | Viking Global and Goldman Sachs Asset Management |
| Real Estate Rental | 20 Sep 2021 | $180M | $750M | WestCap and Geolo Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Alphasense raise in its Series C round?
Alphasense raised $180M in its Series C round, announced in Sep 2021.
Who led Alphasense's Series C round?
Viking Global and Goldman Sachs Asset Management led it, with Morgan Stanley, Citi, Bank of America, Barclays and Wells Fargo Strategic Capital and 4 more.
What was Alphasense's valuation at the Series C round?
It was not disclosed.
Did Alphasense raise again after this round?
Yes: a Series D round in Apr 2023 of $100M at $1.80B post-money.