Funding round
Altruist Series F
Altruist, which works in digital wealth management platform development in Culver City, raised $152M in a Series F round announced on 22 Apr 2025, led by GIC, at a $1.90B post-money valuation. 6 firms took part. It is Altruist's fourth venture round on record; the one before was a Series E in May 2024.
$152M
Amount raised
$1.90B
Post-money valuation
6
Investors
1 lead
1.3x
Step-up from the Series E
$1.50B in May 2024
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Altruist at $1.90B after the new money, 1.3 times the $1.50B of its Series E (May 2024). The $152M bought investors about 8.0% of the company. It came 11 months after Altruist's Series E. It is 34% of the $442M Altruist has raised in the venture rounds on record. No later venture round is on record for Altruist.
Altruist's funding rounds
Altruist has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
GIC led the round with 5 other firms.
Lead investor
- GIC backs 98 venture-backed companies new investor
Also in the round
- Salesforce Ventures backs 314 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- Baillie Gifford new investor
- new investor
- ICONIQ Growth new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mainspring Energy Electric Supplies & Power Generation | 14 Apr 2025 | $258M | not disclosed | General Catalyst |
| Shield AI Aerospace and Defence | 15 Apr 2025 | $240M | $5.30B | not named |
| Job&Talent Tech Companies | 10 Apr 2025 | $103M | $1.50B | not named |
| Airwallex Payment Processing & Point of Sale | 21 May 2025 | $300M | $6.20B | Square Peg |
| Trucking and Logistics | 8 May 2025 | $200M | $1.20B | Kedaara Capital and Wellington Management |
| Quantexa Tech Companies | 5 Mar 2025 | $175M | $2.60B | Ontario Teachers’ Pension Plan |
| Medical Supply Manufacturers | 12 Mar 2025 | $65M | not disclosed | US Venture Partners |
| Applied Intuition Tech Companies | 17 Jun 2025 | $600M | $15.00B | BlackRock and Kleiner Perkins |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Altruist raise in its Series F round?
Altruist raised $152M in its Series F round, announced in Apr 2025.
Who led Altruist's Series F round?
GIC led it, with Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Private Capital and ICONIQ Growth.
What was Altruist's valuation at the Series F round?
$1.90B post-money.