Funding round
Alphasense Series E
Alphasense, which works in gas sensor manufacturing in Braintree, raised $150M in a Series E round announced on 28 Sep 2023, led by BOND, at a $2.50B post-money valuation. 5 firms took part, 4 of them already investors. It is Alphasense's third venture round on record; the one before was a Series D in Apr 2023.
$150M
Amount raised
$2.50B
Post-money valuation
$2.35B pre-money
5
Investors
1 lead
1.4x
Step-up from the Series D
$1.80B in Apr 2023
6.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Alphasense at $2.50B after the new money, 1.4 times the $1.80B of its Series D (Apr 2023). The $150M bought investors about 6.0% of the company. It came 5 months after Alphasense's Series D. It is 35% of the $430M Alphasense has raised in the venture rounds on record. No later venture round is on record for Alphasense.
Alphasense's funding rounds
Alphasense has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
BOND led the round with 4 other firms. CapitalG, Viking Global, Goldman Sachs and BAM Elevate had backed Alphasense before.
Lead investor
- BOND backs 91 venture-backed companies new investor
Also in the round
- CapitalG backs 70 venture-backed companies existing investor
- backs 54 venture-backed companies existing investor
- Goldman Sachs backs 218 venture-backed companies existing investor
- BAM Elevate existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mapbox Tech Companies | 19 Sep 2023 | $280M | $1.30B | SoftBank Group Corp. |
| AlphaSense Tech Companies | 28 Sep 2023 | $150M | $2.50B | BOND |
| Solar Energy Company | 2 Aug 2023 | $139M | not disclosed | 金融街资本 and 熙诚金睿 |
| Batteries | 13 Oct 2023 | $114M | not disclosed | Siemens Financial Services and Marubeni Corporation |
| Tech Companies | 13 Oct 2023 | $51M | not disclosed | Princeville Capital and Citi Ventures |
| Tech Companies | 4 Oct 2023 | $50M | $980M | Schroders Capital |
| Tech Companies | 10 Aug 2023 | $30M | not disclosed | Wellington Management and ArcTern Ventures |
| Electric Supplies & Power Generation | 1 Nov 2023 | $185M | not disclosed | Just Climate |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Alphasense raise in its Series E round?
Alphasense raised $150M in its Series E round, announced in Sep 2023.
Who led Alphasense's Series E round?
BOND led it, with CapitalG, Viking Global, Goldman Sachs and BAM Elevate.
What was Alphasense's valuation at the Series E round?
$2.50B post-money ($2.35B pre-money).