Funding round
Attentive Series D
Attentive, which works in AI-Powered messaging platform development in Hoboken, raised $230M in a Series D round announced on 23 Sep 2020, led by Coatue, at a $2.20B post-money valuation. 13 firms took part, 4 of them already investors. It is Attentive's fourth venture round on record; the one before was a Series C in Apr 2020.
$230M
Amount raised
$2.20B
Post-money valuation
$1.97B pre-money
13
Investors
1 lead
44x
Step-up from the Series A
$50M in Feb 2018
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Attentive at $2.20B after the new money, 44.0 times the $50M of its Series A (Feb 2018). The $230M bought investors about 10% of the company. It came 5 months after Attentive's Series C. It is 29% of the $793M Attentive has raised in the venture rounds on record. Attentive raised again 6 months later: a Series E round of $470M in Mar 2021, at $7.00B 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 15 Apr 2020 $40M
- Series D this round 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
Coatue led the round with 12 other firms. Coatue, Bain Capital Ventures, Sequoia Capital and Institutional Venture Partners had backed Attentive before.
Lead investor
- Coatue backs 229 venture-backed companies existing investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Wellington Management new investor
- D1 Capital Partners new investor
- Atomico backs 123 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- backs 98 venture-backed companies new investor
- backs 91 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
179 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $80M, and this round was 2.9 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Snyk Tech Companies | 9 Sep 2020 | $200M | $2.60B | Addition |
| Tech Companies | 14 Sep 2020 | $185M | $2.58B | Thrive Capital |
| Tech Companies | 30 Sep 2020 | $102M | not disclosed | not named |
| Devo Tech Companies | 15 Sep 2020 | $60M | not disclosed | Georgian |
| Tech Companies | 24 Sep 2020 | $50M | not disclosed | Great Hill Partners |
| Gong Tech Companies | 12 Aug 2020 | $200M | $2.20B | Coatue |
| Tech Companies | 27 Oct 2020 | $125M | $1.00B | General Catalyst |
| Dataiku Tech Companies | 1 Aug 2020 | $100M | not disclosed | Stripes |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Attentive raise in its Series D round?
Attentive raised $230M in its Series D round, announced in Sep 2020.
Who led Attentive's Series D round?
Coatue led it, with Tiger Global, Wellington Management, D1 Capital Partners, Atomico and Sozo Ventures and 7 more.
What was Attentive's valuation at the Series D round?
$2.20B post-money ($1.97B pre-money).
How does it compare with other Series D rounds in Tech Companies?
179 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $80M, and this round was 2.9 times the median.
Did Attentive raise again after this round?
Yes: a Series E round in Mar 2021 of $470M at $7.00B post-money.