Funding round
Alphasense Series D
Alphasense, which works in gas sensor manufacturing in Braintree, raised $100M in a Series D round announced on 12 Apr 2023, led by CapitalG, at a $1.80B post-money valuation. 3 firms took part, 2 of them already investors. It is Alphasense's second venture round on record; the one before was a Series C in Sep 2021.
$100M
Amount raised
$1.80B
Post-money valuation
$1.70B pre-money
3
Investors
1 lead
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Alphasense at $1.80B after the new money. The $100M bought investors about 5.6% of the company. It came 19 months after Alphasense's Series C. It is 23% of the $430M Alphasense has raised in the venture rounds on record. Alphasense raised again 5 months later: a Series E round of $150M in Sep 2023, at $2.50B post-money.
Alphasense's funding rounds
Alphasense has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
CapitalG led the round with 2 other firms. Goldman Sachs Asset Management and Viking Global had backed Alphasense before.
Lead investor
- CapitalG backs 70 venture-backed companies new investor
Also in the round
- Goldman Sachs Asset Management existing investor
- backs 54 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations, acquisitions and working capital.
- Product development
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Animal Feed | 17 Apr 2023 | $175M | not disclosed | not named |
| ID.me Tech Companies | 11 Apr 2023 | $132M | not disclosed | Viking Global |
| Altruist Investment Consultants & Financial Advisors | 13 Apr 2023 | $112M | not disclosed | Insight Partners and Adams Street Partners |
| Tech Companies | 7 Apr 2023 | $107M | not disclosed | e& Enterprise |
| AlphaSense Tech Companies | 11 Apr 2023 | $100M | $1.80B | CapitalG |
| Psychologists & Counseling Services | 18 Apr 2023 | $75M | not disclosed | Deerfield and Optum Ventures |
| Tech Companies | 18 Apr 2023 | $53M | not disclosed | B Capital |
| Tech Companies | 6 Apr 2023 | $50M | not disclosed | Headline |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Alphasense raise in its Series D round?
Alphasense raised $100M in its Series D round, announced in Apr 2023.
Who led Alphasense's Series D round?
CapitalG led it, with Goldman Sachs Asset Management and Viking Global.
What was Alphasense's valuation at the Series D round?
$1.80B post-money ($1.70B pre-money).
Did Alphasense raise again after this round?
Yes: a Series E round in Sep 2023 of $150M at $2.50B post-money.