Funding round
BlaBlaCar Growth
Reported as "Growth Equity"
BlaBlaCar, which works in community-based travel solutions in Paris, raised $115M in a Growth round announced on 25 Nov 2018, led by SNCF, at a $1.70B post-money valuation. 1 firm took part, 1 of them already investors. It is BlaBlaCar's fourth venture round on record; the one before was a Series D in Sep 2016.
$115M
Amount raised
101,000,000 EUR converted
$1.70B
Post-money valuation
1
Investors
1 lead
1.1x
Step-up from the Series D
$1.60B in Sep 2016
6.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced BlaBlaCar at $1.70B after the new money, 1.1 times the $1.60B of its Series D (Sep 2016). The $115M bought investors about 6.8% of the company. It came 26 months after BlaBlaCar's Series D. It is 48% of the $241M BlaBlaCar has raised in the venture rounds on record. No later venture round is on record for BlaBlaCar.
BlaBlaCar's funding rounds
BlaBlaCar has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Series A 14 Jun 2010 $1.6M
- Other not a venture round 17 Jan 2012, led by Accel $10M
- Series C 2 Jul 2014, led by Index Ventures $100M
- Series D 6 Sep 2016, led by Baring Vostok $24M$1.60B post-money
- Growth this round 25 Nov 2018, led by SNCF $115M$1.70B post-money
- Debt not a venture round 20 Apr 2021, led by VNV Global $115M
- Debt not a venture round 3 Apr 2024 $108M
Investors
Who put money in
SNCF led the round. SNCF had backed BlaBlaCar before.
Lead investor
- SNCF existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate Investment | 13 Nov 2018 | $3.00B | $42.00B | SoftBank |
| Online Marketplace | 21 Nov 2018 | $1.00B | $7.00B | not named |
| Online Marketplace | 30 Nov 2018 | $489M | not disclosed | not named |
| Gas Stations | 13 Nov 2018 | $182M | not disclosed | not named |
| Real Estate Rental | 12 Nov 2018 | $181M | not disclosed | Warburg Pincus |
| Real Estate - Agents & Managers | 12 Nov 2018 | $155M | not disclosed | not named |
| Tech Companies | 28 Nov 2018 | $150M | $451M | not named |
| Loans & Financing | 27 Nov 2018 | $105M | not disclosed | JG Summit Holdings, Inc. and SMDV |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did BlaBlaCar raise in its Growth round?
BlaBlaCar raised $115M in its Growth round, announced in Nov 2018.
Who led BlaBlaCar's Growth round?
SNCF led it.
What was BlaBlaCar's valuation at the Growth round?
$1.70B post-money.