Funding round
Articulate Series A
Articulate, which works in workplace learning solutions development in New York, raised $1.50B in a Series A round announced on 1 Jul 2021, led by General Atlantic, at a $3.75B post-money valuation. 3 firms took part.
$1.50B
Amount raised
$3.75B
Post-money valuation
3
Investors
1 lead
40%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Articulate at $3.75B after the new money. The $1.50B bought investors about 40% of the company. It is Articulate's first venture round on record, 19 years after it was founded in 2002. No later venture round is on record for Articulate.
Articulate's funding rounds
This is the only venture round on record for Articulate.
- Series A this round 1 Jul 2021, led by General Atlantic $1.50B$3.75B post-money
Investors
Who put money in
General Atlantic led the round with 2 other firms.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- Blackstone backs 83 venture-backed companies new investor
- ICONIQ Growth new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
1,805 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 125 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Entrata Tech Companies | 7 Jul 2021 | $507M | not disclosed | Silver Lake |
| bolttech Tech Companies | 1 Jul 2021 | $180M | $1.00B | Activant |
| Tech Companies | 27 Jul 2021 | $165M | not disclosed | Sequoia Capital |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | FTV Management Company |
| Truveta Tech Companies | 13 Jul 2021 | $95M | not disclosed | not named |
| Tech Companies | 5 Jul 2021 | $40M | not disclosed | RMBV |
| Tech Companies | 21 Jul 2021 | $35M | not disclosed | Translink Capital |
| Tech Companies | 21 Jul 2021 | $30M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Articulate raise in its Series A round?
Articulate raised $1.50B in its Series A round, announced in Jul 2021.
Who led Articulate's Series A round?
General Atlantic led it, with Blackstone and ICONIQ Growth.
What was Articulate's valuation at the Series A round?
$3.75B post-money.
How does it compare with other Series A rounds in Tech Companies?
1,805 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 125 times the median.