Funding round
Aurora Solar Series C
Aurora Solar, which works in solar design software development in San Francisco, raised $250M in a Series C round announced on 24 May 2021, led by Coatue. 4 firms took part, 3 of them already investors. It is Aurora Solar's third venture round on record; the one before was a Series B in Nov 2020.
$250M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Aurora Solar did not disclose a valuation in this round. It came 6 months after Aurora Solar's Series B. It is 48% of the $520M Aurora Solar has raised in the venture rounds on record. Aurora Solar raised again 9 months later: a Series D round of $200M in Feb 2022, at $4.00B post-money.
Aurora Solar's funding rounds
Aurora Solar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Coatue led the round with 3 other firms. ICONIQ Capital, Energize Capital and Fifth Wall had backed Aurora Solar before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- ICONIQ Capital existing investor
- backs 34 venture-backed companies existing investor
- Fifth Wall backs 103 venture-backed companies existing 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
484 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $61M, and this round was 4.1 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 May 2021 | $165M | not disclosed | D1 Capital Partners and Kaiser Permanente Ventures |
| Tech Companies | 7 May 2021 | $130M | $1.20B | Spark Capital |
| Tech Companies | 11 May 2021 | $130M | not disclosed | Leaps by Bayer and Hitachi Ventures |
| Tech Companies | 20 May 2021 | $130M | $1.53B | Andreessen Horowitz |
| Tech Companies | 19 May 2021 | $120M | $1.60B | not named |
| Tech Companies | 11 May 2021 | $110M | not disclosed | Warburg Pincus |
| Tech Companies | 18 May 2021 | $88M | not disclosed | Updata Partners |
| Tech Companies | 11 May 2021 | $70M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Aurora Solar raise in its Series C round?
Aurora Solar raised $250M in its Series C round, announced in May 2021.
Who led Aurora Solar's Series C round?
Coatue led it, with ICONIQ Capital, Energize Capital and Fifth Wall.
What was Aurora Solar's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
484 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $61M, and this round was 4.1 times the median.
Did Aurora Solar raise again after this round?
Yes: a Series D round in Feb 2022 of $200M at $4.00B post-money.