Funding round
Attentive Series B
Attentive, which works in AI-Powered messaging platform development in Hoboken, raised $40M in a Series B round announced on 12 Aug 2019, led by Sequoia Capital. 6 firms took part, 4 of them already investors. It is Attentive's second venture round on record; the one before was a Series A in Feb 2018.
$40M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Attentive did not disclose a valuation in this round; its last disclosed one was $50M at the Series A (Feb 2018). It came 18 months after Attentive's Series A. It is 5.0% of the $793M Attentive has raised in the venture rounds on record. Attentive raised again 8 months later: a Series C round of $40M in Apr 2020. Its next priced round, a Series D in Sep 2020, valued it at $2.20B.
Attentive's funding rounds
Attentive has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Other not a venture round 21 Oct 2014 $750K
- Series A 8 Feb 2018, led by Bain Capital Ventures $13M$50M post-money
- Series B this round 12 Aug 2019, led by Sequoia Capital $40M
- Series C 15 Apr 2020 $40M
- Series D 23 Sep 2020, led by Coatue $230M$2.20B post-money
- Series E 9 Mar 2021 $470M$7.00B post-money
- Other not a venture round 12 Jul 2022 $5.0M
Investors
Who put money in
Sequoia Capital led the round with 5 other firms. Sequoia Capital, Bain Capital Ventures, Eniac and NextView Ventures had backed Attentive before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Also in the round
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- backs 98 venture-backed companies existing investor
- backs 91 venture-backed companies existing investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 48 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, sales and marketing, scaling operations and working capital.
- Hiring
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
513 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 1.8 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Aug 2019 | $40M | not disclosed | Sutter Hill Ventures |
| Tech Companies | 26 Aug 2019 | $39M | not disclosed | HPE Growth |
| Tech Companies | 31 Aug 2019 | $37M | not disclosed | Sozo Ventures |
| Tech Companies | 6 Aug 2019 | $33M | not disclosed | Arrowroot Capital |
| Mews Tech Companies | 29 Aug 2019 | $33M | not disclosed | Battery Ventures |
| Tech Companies | 22 Aug 2019 | $26M | not disclosed | aMoon |
| Tech Companies | 7 Aug 2019 | $26M | not disclosed | Intel Capital and Celesta Capital |
| Tech Companies | 27 Aug 2019 | $20M | not disclosed | OpenView |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Attentive raise in its Series B round?
Attentive raised $40M in its Series B round, announced in Aug 2019.
Who led Attentive's Series B round?
Sequoia Capital led it, with Bain Capital Ventures, Eniac, NextView Ventures, Institutional Venture Partners and High Alpha.
What was Attentive's valuation at the Series B round?
It was not disclosed; its last disclosed one was $50M at the Series A (Feb 2018).
How does it compare with other Series B rounds in Tech Companies?
513 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $22M, and this round was 1.8 times the median.
Did Attentive raise again after this round?
Yes: a Series C round in Apr 2020 of $40M.