Funding round
AlphaSense Series B
AlphaSense, which works in AI-Powered market intelligence solutions in New York, raised $50M in a Series B round announced on 17 Jul 2019, led by Innovation Endeavors. 5 firms took part, 1 of them already investors, with 1 individual investor. It is AlphaSense's second venture round on record; the one before was a Growth in Mar 2016.
$50M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
AlphaSense did not disclose a valuation in this round. It came 40 months after AlphaSense's Growth. It is 3.3% of the $1.51B AlphaSense has raised in the venture rounds on record. AlphaSense raised again 26 months later: a Series C round of $180M in Sep 2021. Its next priced round, a Series D in Apr 2023, valued it at $1.80B.
AlphaSense's funding rounds
AlphaSense has 7 venture rounds on record. This one is highlighted.
- Growth 8 Mar 2016 $33M
- Series B this round 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 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
Innovation Endeavors led the round with 4 other firms. Soros Fund Management LLC had backed AlphaSense before.
Lead investor
- Innovation Endeavors backs 110 venture-backed companies new investor
Also in the round
- Soros Fund Management LLC existing investor
- backs 39 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 46 venture-backed companies new investor
Individual investors: Yuval Shahar. Joined the board: Rick Scanlon (Innovation Endeavors).
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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
509 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 2.4 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jul 2019 | $80M | not disclosed | Teradyne, Inc. |
| Tech Companies | 8 Jul 2019 | $61M | not disclosed | Battery Ventures and Dawn Capital |
| Tech Companies | 17 Jul 2019 | $55M | not disclosed | Insight Partners |
| Tech Companies | 10 Jul 2019 | $45M | not disclosed | Insight Partners |
| Tech Companies | 22 Jul 2019 | $31M | not disclosed | Toyota Tsusho and Volvo Cars |
| Tech Companies | 8 Jul 2019 | $31M | not disclosed | Next47 |
| Tech Companies | 23 Jul 2019 | $30M | $161M | Lightspeed Venture Partners |
| Tech Companies | 22 Jul 2019 | $30M | not disclosed | Tao Capital Partners and Valor |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did AlphaSense raise in its Series B round?
AlphaSense raised $50M in its Series B round, announced in Jul 2019.
Who led AlphaSense's Series B round?
Innovation Endeavors led it, with Soros Fund Management LLC, Tribeca Venture Partners, Triangle Peak Partners and Team8.
What was AlphaSense's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
509 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 2.4 times the median.
Did AlphaSense raise again after this round?
Yes: a Series C round in Sep 2021 of $180M.