Funding round
AlphaSense Series C
AlphaSense, which works in AI-Powered market intelligence solutions in New York, raised $180M in a Series C round announced on 30 Sep 2021, led by Viking Global and Goldman Sachs Asset Management. 9 firms took part. It is AlphaSense's third venture round on record; the one before was a Series B in Jul 2019.
$180M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
AlphaSense did not disclose a valuation in this round. It came 26 months after AlphaSense's Series B. It is 12% of the $1.51B 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 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 this round 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
Viking Global and Goldman Sachs Asset Management led the round with 7 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
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
500 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 2.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Sep 2021 | $177M | $750M | SoftBank Vision Fund |
| Tech Companies | 22 Sep 2021 | $150M | not disclosed | WestCap |
| Whatnot Tech Companies | 16 Sep 2021 | $150M | $1.50B | Andreessen Horowitz and Y Combinator’s Continuity Fund |
| Tech Companies | 13 Sep 2021 | $140M | $1.90B | Accel |
| Tech Companies | 13 Sep 2021 | $140M | $1.20B | Insight Partners |
| Tech Companies | 3 Sep 2021 | $130M | $1.00B | SoftBank Vision Fund |
| Tech Companies | 27 Sep 2021 | $122M | $400M | SoftBank Vision Fund |
| Tech Companies | 30 Sep 2021 | $115M | not disclosed | SoftBank Vision Fund |
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 2 more.
What was AlphaSense's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
500 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 2.9 times the median.
Did AlphaSense raise again after this round?
Yes: a Series D round in Apr 2023 of $100M at $1.80B post-money.