Funding round
Attentive Series C
Attentive, which works in AI-Powered messaging platform development in Hoboken, raised $40M in a Series C round announced on 15 Apr 2020. 2 firms took part. It is Attentive's third venture round on record; the one before was a Series B in Aug 2019.
$40M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
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 8 months after Attentive's Series B. It is 5.0% of the $793M Attentive has raised in the venture rounds on record. Attentive raised again 5 months later: a Series D round of $230M in Sep 2020, at $2.20B post-money.
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 12 Aug 2019, led by Sequoia Capital $40M
- Series C this round 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
2 firms took part; no lead investor was named.
Investors
- Sequoia Capital backs 589 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
304 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Apr 2020 | $145M | not disclosed | Bain Capital Tech Opportunities |
| Podium Tech Companies | 7 Apr 2020 | $125M | $1.50B | Y Combinator |
| Tech Companies | 16 Apr 2020 | $35M | not disclosed | Intel Capital |
| Tech Companies | 29 Apr 2020 | $35M | not disclosed | Radian Capital |
| Tech Companies | 20 Apr 2020 | $30M | not disclosed | Sapphire Ventures |
| Tech Companies | 21 Apr 2020 | $30M | not disclosed | Accel |
| Tech Companies | 7 Apr 2020 | $30M | not disclosed | D1 Capital Partners |
| Tech Companies | 8 Apr 2020 | $25M | not disclosed | Delta-v |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Attentive raise in its Series C round?
Attentive raised $40M in its Series C round, announced in Apr 2020.
Which investors took part in Attentive's Series C round?
Sequoia Capital and Coatue.
What was Attentive's valuation at the Series C round?
It was not disclosed; its last disclosed one was $50M at the Series A (Feb 2018).
How does it compare with other Series C rounds in Tech Companies?
304 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median.
Did Attentive raise again after this round?
Yes: a Series D round in Sep 2020 of $230M at $2.20B post-money.