Funding round
AlphaSense Growth
Reported as "Growth Equity"
AlphaSense, which works in AI-Powered market intelligence solutions in New York, raised $650M in a Growth round announced on 11 Jun 2024, led by Viking Global and BDT & MSD Partners, at a $4.00B post-money valuation. 8 firms took part, 2 of them already investors. It is AlphaSense's sixth venture round on record; the one before was a Series E in Sep 2023.
$650M
Amount raised
$4.00B
Post-money valuation
$3.35B pre-money
8
Investors
2 leads
1.6x
Step-up from the Series E
$2.50B in Sep 2023
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced AlphaSense at $4.00B after the new money, 1.6 times the $2.50B of its Series E (Sep 2023). The $650M bought investors about 16% of the company. It came 9 months after AlphaSense's Series E. It is 43% of the $1.51B AlphaSense has raised in the venture rounds on record. AlphaSense raised again 24 months later: a Growth round of $350M in Jun 2026, at $7.50B post-money.
AlphaSense's funding rounds
AlphaSense has 7 venture rounds on record. This one is highlighted.
- Growth 8 Mar 2016 $33M
- Series B 17 Jul 2019, led by Innovation Endeavors $50M
- Series C 30 Sep 2021, led by Viking Global and Goldman Sachs Asset Management $180M
- Series D 11 Apr 2023, led by CapitalG $100M$1.80B post-money
- Series E 28 Sep 2023, led by BOND $150M$2.50B post-money
- Growth this round 11 Jun 2024, led by Viking Global and BDT & MSD Partners $650M$4.00B post-money
- Growth 3 Jun 2026, led by Vitruvian Partners, Accenture Ventures and J.P. Morgan Asset Management $350M$7.50B post-money
Investors
Who put money in
Viking Global and BDT & MSD Partners led the round with 6 other firms. CapitalG and Goldman Sachs had backed AlphaSense before.
Lead investors
- backs 54 venture-backed companies new investor
- BDT & MSD Partners backs 25 venture-backed companies new investor
Also in the round
- J.P. Morgan Growth Equity Partners new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Blue Owl Capital backs 36 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
- CapitalG backs 70 venture-backed companies existing investor
- Goldman Sachs backs 218 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
373 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 14 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CData Tech Companies | 26 Jun 2024 | $350M | $800M | Warburg Pincus |
| Tech Companies | 26 Jun 2024 | $200M | $1.20B | Sapphire Ventures |
| Tech Companies | 20 Jun 2024 | $125M | $1.00B | not named |
| Tech Companies | 30 Jun 2024 | $77M | not disclosed | not named |
| Tech Companies | 10 Jun 2024 | $35M | not disclosed | CIBC Innovation Banking |
| Tech Companies | 5 Jun 2024 | $30M | not disclosed | Silver Lake Waterman |
| Tech Companies | 6 Jun 2024 | $25M | not disclosed | Databricks Ventures |
| Tech Companies | 18 Jun 2024 | $22M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did AlphaSense raise in its Growth round?
AlphaSense raised $650M in its Growth round, announced in Jun 2024.
Who led AlphaSense's Growth round?
Viking Global and BDT & MSD Partners led it, with J.P. Morgan Growth Equity Partners, SoftBank Vision Fund, Blue Owl Capital, Alkeon and CapitalG and 1 more.
What was AlphaSense's valuation at the Growth round?
$4.00B post-money ($3.35B pre-money).
How does it compare with other Growth rounds in Tech Companies?
373 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 14 times the median.
Did AlphaSense raise again after this round?
Yes: a Growth round in Jun 2026 of $350M at $7.50B post-money.