Funding round
Authentic Growth
Reported as "Growth Equity"
Authentic, which works in brand management and development services in New York, raised $875M in a Growth round announced on 11 Aug 2019, led by BlackRock Long Term Private Capital, at a $4.00B post-money valuation. 4 firms took part, 1 of them already investors. It is Authentic's first venture round on record.
$875M
Amount raised
$4.00B
Post-money valuation
$3.13B pre-money
4
Investors
1 lead
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Authentic at $4.00B after the new money. The $875M bought investors about 22% of the company. It is Authentic's first venture round on record, 9 years after it was founded in 2010. It is 64% of the $1.38B Authentic has raised in the venture rounds on record. Authentic raised again 46 months later: a Growth round of $500M in Jun 2023, at $20.00B post-money.
Authentic's funding rounds
Authentic has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Growth this round 11 Aug 2019, led by BlackRock Long Term Private Capital $875M$4.00B post-money
- Private Equity not a venture round 22 Nov 2021, led by CVC and HPS Investment Partners amount not disclosed
- Growth 29 Jun 2023 $500M$20.00B post-money
Investors
Who put money in
BlackRock Long Term Private Capital led the round with 3 other firms. BlackRock had backed Authentic before.
Lead investor
- BlackRock Long Term Private Capital new investor
Also in the round
- GIC backs 98 venture-backed companies new investor
- Jasper Ridge Partners new investor
- BlackRock existing investor
Comparable rounds
How it compares
6 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $61M, and this round was 14 times the median. The closest in time, other companies' Growth rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 2 Oct 2019 | undisclosed | not disclosed | not named |
| Clothing Stores | 20 May 2019 | $11M | not disclosed | Knuru |
| Clothing Stores | 11 Nov 2019 | undisclosed | not disclosed | not named |
| Clothing Stores | 10 Feb 2020 | $163M | $450M | not named |
| Clothing Stores | 13 Feb 2019 | $57M | not disclosed | QuattroR |
| MUSINSA Clothing Stores | 1 Jan 2019 | $152M | $758M | Sequoia Capital |
| Vestiaire Collective Clothing Stores | 21 Apr 2020 | $64M | not disclosed | not named |
| Clothing Stores | 4 May 2020 | $7.1M | not disclosed | Generis Capital Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Authentic raise in its Growth round?
Authentic raised $875M in its Growth round, announced in Aug 2019.
Who led Authentic's Growth round?
BlackRock Long Term Private Capital led it, with GIC, Jasper Ridge Partners and BlackRock.
What was Authentic's valuation at the Growth round?
$4.00B post-money ($3.13B pre-money).
How does it compare with other Growth rounds in Clothing Stores?
6 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $61M, and this round was 14 times the median.
Did Authentic raise again after this round?
Yes: a Growth round in Jun 2023 of $500M at $20.00B post-money.