Funding round
Anduril Series E
Anduril, which works in defense technology solutions development in Costa Mesa, raised $1.48B in a Series E round announced on 1 Dec 2022, led by Valor, at a $8.48B post-money valuation. 14 firms took part. It is Anduril's fourth venture round on record; the one before was a Series D in Jun 2021.
$1.48B
Amount raised
$8.48B
Post-money valuation
$7.00B pre-money
14
Investors
1 lead
1.8x
Step-up from the Series D
$4.60B in Jun 2021
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Anduril at $8.48B after the new money, 1.8 times the $4.60B of its Series D (Jun 2021). The $1.48B bought investors about 17% of the company. It came 18 months after Anduril's Series D. It is 13% of the $11.26B Anduril has raised in the venture rounds on record. Anduril raised again 20 months later: a Series F round of $1.50B in Aug 2024, at $14.00B post-money.
Anduril's funding rounds
Anduril has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 11 Sep 2019 $127M$1.00B post-money
- Series C 1 Jul 2020, led by Andreessen Horowitz $200M$1.90B post-money
- Series D 17 Jun 2021, led by Elad Gil $450M$4.60B post-money
- Series E this round 1 Dec 2022, led by Valor $1.48B$8.48B post-money
- Grant not a venture round 22 May 2024 $14M
- Series F 7 Aug 2024, led by Founders Fund and Sands Capital $1.50B$14.00B post-money
- Series G 15 Apr 2025 $2.50B
- Series H+ 13 May 2026, led by Thrive Capital and Andreessen Horowitz $5.00B$61.00B post-money
Investors
Who put money in
Valor led the round with 13 other firms.
Lead investor
- Valor backs 143 venture-backed companies new investor
Also in the round
- Founders Fund backs 368 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- 8VC new investor
- Lux Capital backs 194 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- DFJ Growth backs 51 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- WCM Investment Management new investor
- backs 44 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 20 venture-backed companies 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
The closest in time: 1 in Aerospace and Defence, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shield AI Aerospace and Defence | 31 May 2022 | $90M | $2.30B | Snowpoint Ventures |
| Industrial Air Solutions | 15 Dec 2022 | $318M | not disclosed | Chevron New Energies |
| Tech Companies | 1 Dec 2022 | $60M | $700M | Sofina and Temasek |
| Tech Companies | 7 Dec 2022 | $42M | not disclosed | J.P. Morgan Asset Management’s Sustainable Growth Equity team |
| DEX Imaging Office Supplies | 1 Jan 2023 | $450M | $1.60B | not named |
| Volocopter Aircraft Parts & Services | 1 Nov 2022 | $182M | $1.70B | NEOM and GLy Capital Management |
| Tech Companies | 2 Nov 2022 | $123M | $1.70B | Thoma Bravo and Sanabil |
| Gojo Loans & Financing | 15 Nov 2022 | $50M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Anduril raise in its Series E round?
Anduril raised $1.48B in its Series E round, announced in Dec 2022.
Who led Anduril's Series E round?
Valor led it, with Founders Fund, Andreessen Horowitz, General Catalyst, 8VC and Lux Capital and 8 more.
What was Anduril's valuation at the Series E round?
$8.48B post-money ($7.00B pre-money).
Did Anduril raise again after this round?
Yes: a Series F round in Aug 2024 of $1.50B at $14.00B post-money.