Funding round
AlphaSense Series E
AlphaSense, which works in AI-Powered market intelligence solutions in New York, 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 fifth venture round on record; the one before was a Series D in Apr 2023.
$150M
Amount raised
$2.50B
Post-money valuation
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 9.9% of the $1.51B AlphaSense has raised in the venture rounds on record. AlphaSense raised again 9 months later: a Growth round of $650M in Jun 2024, at $4.00B 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 this round 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
BOND led the round with 4 other firms. Alphabet's 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
- Alphabet's CapitalG 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, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $112M, and this round was 1.3 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mapbox Tech Companies | 19 Sep 2023 | $280M | $1.30B | SoftBank Group Corp. |
| 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 |
| BlueVoyant Tech Companies | 29 Nov 2023 | $140M | not disclosed | Liberty Strategic Capital and ISTARI |
| Inflection AI Tech Companies | 29 Jun 2023 | $1.30B | $4.00B | Microsoft and Nvidia |
| Tomorrow.io Tech Companies | 14 Jun 2023 | $87M | not disclosed | Activate Capital |
| Tech Companies | 3 Jan 2024 | $60M | $1.00B | Evolution Equity Partners |
Sources
Where this comes from
Reported by 6 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 Alphabet's CapitalG, Viking Global, Goldman Sachs and BAM Elevate.
What was AlphaSense's valuation at the Series E round?
$2.50B post-money.
How does it compare with other Series E rounds in Tech Companies?
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $112M, and this round was 1.3 times the median.
Did AlphaSense raise again after this round?
Yes: a Growth round in Jun 2024 of $650M at $4.00B post-money.