Funding round
Aurora Solar Series A
Aurora Solar, which works in solar design software development in San Francisco, raised $20M in a Series A round announced on 4 Feb 2019, led by Energize Capital. 3 firms took part. It is Aurora Solar's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Aurora Solar did not disclose a valuation in this round. It is Aurora Solar's first venture round on record, 6 years after it was founded in 2013. It is 3.8% of the $520M Aurora Solar has raised in the venture rounds on record. Aurora Solar raised again 21 months later: a Series B round of $50M in Nov 2020. Its next priced round, a Series D in Feb 2022, valued it at $4.00B.
Aurora Solar's funding rounds
Aurora Solar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Energize Capital led the round with 2 other firms.
Lead investor
- backs 34 venture-backed companies new investor
Also in the round
- S28 Capital new investor
- backs 108 venture-backed companies new investor
Joined the board: Amy Francetic (Energize Ventures).
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
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 2.5 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DriveNets Tech Companies | 14 Feb 2019 | $110M | not disclosed | Bessemer Venture Partners and Pitango |
| Tech Companies | 28 Feb 2019 | $50M | not disclosed | Pantera |
| Tech Companies | 12 Feb 2019 | $30M | not disclosed | Stripes |
| Tech Companies | 26 Feb 2019 | $25M | $81M | Forgepoint Capital |
| Tech Companies | 4 Feb 2019 | $20M | not disclosed | HSBC and Goldman Sachs |
| Tech Companies | 25 Feb 2019 | $16M | not disclosed | Energize Capital and Lux Capital |
| Athelas Tech Companies | 1 Feb 2019 | $15M | not disclosed | not named |
| Tech Companies | 19 Feb 2019 | $15M | not disclosed | Viola Ventures and M12 |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Aurora Solar raise in its Series A round?
Aurora Solar raised $20M in its Series A round, announced in Feb 2019.
Who led Aurora Solar's Series A round?
Energize Capital led it, with S28 Capital and Pear VC.
What was Aurora Solar's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was 2.5 times the median.
Did Aurora Solar raise again after this round?
Yes: a Series B round in Nov 2020 of $50M.