Funding round
Aurora Solar Series D
Aurora Solar, which works in solar design software development in San Francisco, raised $200M in a Series D round announced on 28 Feb 2022, led by Coatue and Energize Capital, at a $4.00B post-money valuation. 6 firms took part, 4 of them already investors. It is Aurora Solar's fourth venture round on record; the one before was a Series C in May 2021.
$200M
Amount raised
$4.00B
Post-money valuation
6
Investors
2 leads
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Aurora Solar at $4.00B after the new money. The $200M bought investors about 5.0% of the company. It came 9 months after Aurora Solar's Series C. It is 38% of the $520M Aurora Solar has raised in the venture rounds on record. No later venture round is on record for Aurora Solar.
Aurora Solar's funding rounds
Aurora Solar has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Coatue and Energize Capital led the round with 4 other firms. Coatue, Energize Capital, Fifth Wall and ICONIQ had backed Aurora Solar before.
Lead investors
- Coatue backs 229 venture-backed companies existing investor
- backs 34 venture-backed companies existing investor
Also in the round
- Fifth Wall backs 103 venture-backed companies existing investor
- ICONIQ existing investor
- Lux Capital backs 194 venture-backed companies new investor
- Emerson Collective backs 76 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing and scaling operations.
- Product development
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
224 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BlueVoyant Tech Companies | 23 Feb 2022 | $250M | $1.00B | Liberty Strategic Capital |
| Starburst Tech Companies | 9 Feb 2022 | $250M | $3.35B | Alkeon |
| dbt Labs Tech Companies | 24 Feb 2022 | $222M | $4.20B | Altimeter |
| Tech Companies | 14 Feb 2022 | $200M | not disclosed | not named |
| Tech Companies | 14 Feb 2022 | $200M | $1.70B | Jio Platforms Limited |
| Tech Companies | 9 Feb 2022 | $150M | $1.00B | Warburg Pincus |
| Tech Companies | 4 Feb 2022 | $140M | not disclosed | FS Investors |
| Tech Companies | 10 Feb 2022 | $140M | $1.40B | CapitalG |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Aurora Solar raise in its Series D round?
Aurora Solar raised $200M in its Series D round, announced in Feb 2022.
Who led Aurora Solar's Series D round?
Coatue and Energize Capital led it, with Fifth Wall, ICONIQ, Lux Capital and Emerson Collective.
What was Aurora Solar's valuation at the Series D round?
$4.00B post-money.
How does it compare with other Series D rounds in Tech Companies?
224 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median.