Funding round
ALSO Series C
ALSO, which works in electric vehicle design and manufacturing in Palo Alto, raised $200M in a Series C round announced on 31 Mar 2026, led by Greenoaks, at a $1.00B post-money valuation. 3 firms took part. It is ALSO's second venture round on record; the one before was a Series B in Mar 2025.
$200M
Amount raised
$1.00B
Post-money valuation
$800M pre-money
3
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ALSO at $1.00B after the new money. The $200M bought investors about 20% of the company. It came 12 months after ALSO's Series B. It is 44% of the $455M ALSO has raised in the venture rounds on record. ALSO raised again 5 months later: a Series D round of $150M in Aug 2026.
Investors
Who put money in
Greenoaks led the round with 2 other firms.
Lead investor
- Greenoaks backs 77 venture-backed companies new investor
Also in the round
- backs 18 venture-backed companies new investor
- DoorDash new investor
Joined the board: Stanley Tang (DoorDash).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Slate Auto Automobile Dealers & Manufacturers | 13 Apr 2026 | $650M | not disclosed | TWG Global |
| Automobile Dealers & Manufacturers | 12 Nov 2025 | $160M | not disclosed | FedEx and Capricorn's Technology Impact Fund |
| Automobile Dealers & Manufacturers | 21 Jul 2026 | $148M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 7 Jul 2025 | $82M | not disclosed | Northzone and HV Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did ALSO raise in its Series C round?
ALSO raised $200M in its Series C round, announced in Mar 2026.
Who led ALSO's Series C round?
Greenoaks led it, with Prysm Capital and DoorDash.
What was ALSO's valuation at the Series C round?
$1.00B post-money ($800M pre-money).
Did ALSO raise again after this round?
Yes: a Series D round in Aug 2026 of $150M.