Funding round
Assent Growth
Reported as "Growth Equity"
Assent, which works in supply chain sustainability solutions in Ottawa, raised $100M in a Growth round announced on 24 Oct 2018, led by Warburg Pincus. 1 firm took part, 1 of them already investors. It is Assent's fourth venture round on record; the one before was a Series B in Jul 2017.
$100M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Assent did not disclose a valuation in this round. It came 15 months after Assent's Series B. It is 20% of the $511M Assent has raised in the venture rounds on record. Assent raised again 39 months later: a Growth round of $350M in Jan 2022, at $1.00B post-money.
Assent's funding rounds
Assent has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Warburg Pincus led the round. Warburg Pincus had backed Assent before.
Lead investor
- Warburg Pincus backs 76 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
206 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 2.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Oct 2018 | $3.00B | $75.00B | SoftBank |
| Tanium Tech Companies | 2 Oct 2018 | $200M | $6.50B | Wellington Management |
| Tech Companies | 26 Oct 2018 | $130M | $1.60B | not named |
| Tech Companies | 17 Oct 2018 | $110M | not disclosed | not named |
| Tech Companies | 10 Oct 2018 | $75M | not disclosed | Goldman Sachs |
| Tech Companies | 16 Oct 2018 | $67M | $175M | Summit Partners |
| Tech Companies | 24 Oct 2018 | $62M | not disclosed | not named |
| Tech Companies | 25 Oct 2018 | $50M | not disclosed | Tiger Global Management and Casa Verde |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Assent raise in its Growth round?
Assent raised $100M in its Growth round, announced in Oct 2018.
Who led Assent's Growth round?
Warburg Pincus led it.
What was Assent's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
206 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 2.5 times the median.
Did Assent raise again after this round?
Yes: a Growth round in Jan 2022 of $350M at $1.00B post-money.