Funding round
ALSO Series D
ALSO, which works in electric vehicle design and manufacturing in Palo Alto, raised $150M in a Series D round announced on 19 Aug 2026, led by Prysm Capital. 4 firms took part. It is ALSO's third venture round on record; the one before was a Series C in Mar 2026.
$150M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
ALSO did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (Mar 2026). It came 5 months after ALSO's Series C. It is 33% of the $455M ALSO has raised in the venture rounds on record. No later venture round is on record for ALSO.
Investors
Who put money in
Prysm Capital led the round with 3 other firms.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Automobile Dealers & Manufacturers, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 23 Mar 2026 | $100M | not disclosed | not named |
| Hadrian Aerospace and Defence | 6 Aug 2026 | $1.37B | $7.87B | WCM Investment Management and Washington Harbour |
| Solar Energy Company | 3 Aug 2026 | $1.00B | $13.00B | Ribbit and Addition |
| Base Power Utility companies | 3 Aug 2026 | $1.00B | $13.00B | Ribbit and Addition |
| Owner Tech Companies | 28 Aug 2026 | $240M | $2.30B | Goldman Sachs Alternatives |
| Trucking and Logistics | 25 Aug 2026 | $200M | $882M | Qatar Investment Authority and Koch Disruptive Technologies |
| Tech Companies | 23 Aug 2026 | $131M | not disclosed | Planet First Partners |
| Consumer Electronics Company | 23 Aug 2026 | $110M | not disclosed | not named |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did ALSO raise in its Series D round?
ALSO raised $150M in its Series D round, announced in Aug 2026.
Who led ALSO's Series D round?
Prysm Capital led it, with Eclipse, Greenoaks and MVP Ventures.
What was ALSO's valuation at the Series D round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (Mar 2026).