Funding round
Ant Group Series C
Ant Group, which works in software product development in Hangzhou, raised $14.00B in a Series C round announced on 11 Jun 2018, at a $150.00B post-money valuation. 14 firms took part. It is Ant Group's third venture round on record; the one before was a Series B in Apr 2016.
$14.00B
Amount raised
$150.00B
Post-money valuation
$136.00B pre-money
14
Investors
no lead named
2.5x
Step-up from the Series B
$60.00B in Apr 2016
9.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ant Group at $150.00B after the new money, 2.5 times the $60.00B of its Series B (Apr 2016). The $14.00B bought investors about 9.3% of the company. It came 26 months after Ant Group's Series B. It is 76% of the $18.50B Ant Group has raised in the venture rounds on record. No later venture round is on record for Ant Group.
Ant Group's funding rounds
Ant Group has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
14 firms took part; no lead investor was named.
Investors
- GIC backs 98 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- Warburg Pincus backs 76 venture-backed companies new investor
- Canada Pension Plan Investment Board new investor
- Silver Lake backs 44 venture-backed companies new investor
- General Atlantic backs 134 venture-backed companies new investor
- Carlyle backs 22 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Discovery Capital Management new investor
- backs 20 venture-backed companies new investor
- Baillie Gifford new investor
- T. Rowe Price new investor
- RNT new investor
Comparable rounds
How it compares
213 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 400 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Jun 2018 | $70M | not disclosed | Georgian |
| Pipedrive Tech Companies | 14 Jun 2018 | $50M | not disclosed | Insight Partners and Bessemer Venture Partners |
| Devo Tech Companies | 7 Jun 2018 | $25M | not disclosed | Insight Partners |
| Tech Companies | 26 Jun 2018 | $25M | not disclosed | Energize Capital |
| Tech Companies | 20 Jun 2018 | $19M | not disclosed | Insight Partners |
| Gusto Tech Companies | 31 Jul 2018 | $140M | $2.00B | T. Rowe Price Associates and MSD Capital |
| Tech Companies | 11 May 2018 | $100M | not disclosed | China Electronics Health Fund |
| Tech Companies | 9 May 2018 | $55M | not disclosed | Temasek |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Ant Group raise in its Series C round?
Ant Group raised $14.00B in its Series C round, announced in Jun 2018.
Which investors took part in Ant Group's Series C round?
GIC, Temasek, Khazanah Nasional, Warburg Pincus, Canada Pension Plan Investment Board and Silver Lake and 8 more.
What was Ant Group's valuation at the Series C round?
$150.00B post-money ($136.00B pre-money).
How does it compare with other Series C rounds in Tech Companies?
213 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 400 times the median.