Funding round
Armada Growth
Reported as "Growth Equity"
Armada, which works in edge computing solutions development in San Francisco, raised $40M in a Growth round announced on 11 Jul 2024, led by M12. 1 firm took part. It is Armada's second venture round on record; the one before was a Growth in Dec 2023.
$40M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Armada did not disclose a valuation in this round. It came 7 months after Armada's Growth. It is 8.8% of the $456M Armada has raised in the venture rounds on record. Armada raised again 12 months later: a Growth round of $131M in Jul 2025. Its next priced round, a Series B in May 2026, valued it at $2.00B.
Armada's funding rounds
Armada has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
M12 led the round.
Lead investor
- M12 backs 141 venture-backed companies new investor
Comparable rounds
How it compares
374 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 84% of the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| team.blue Tech Companies | 10 Jul 2024 | $5.20B | not disclosed | CPP Investments |
| Tech Companies | 9 Jul 2024 | $350M | $5.10B | not named |
| Tekion Tech Companies | 16 Jul 2024 | $200M | $4.00B | not named |
| Tech Companies | 25 Jul 2024 | $140M | not disclosed | Savant Growth and VantagePoint Capital Partners |
| Tech Companies | 17 Jul 2024 | $80M | not disclosed | PSG |
| Tech Companies | 15 Jul 2024 | $70M | not disclosed | Riverwood Capital |
| Tech Companies | 16 Jul 2024 | $60M | not disclosed | Vistara Growth |
| Tech Companies | 25 Jul 2024 | $48M | not disclosed | Integrity Growth Partners |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Armada raise in its Growth round?
Armada raised $40M in its Growth round, announced in Jul 2024.
Who led Armada's Growth round?
M12 led it.
What was Armada's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
374 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 84% of the median.
Did Armada raise again after this round?
Yes: a Growth round in Jul 2025 of $131M.