Funding round
BlaBlaCar Series C
BlaBlaCar, which works in community-based travel solutions in Paris, raised $100M in a Series C round announced on 2 Jul 2014, led by Index Ventures. 4 firms took part, 4 of them already investors. It is BlaBlaCar's second venture round on record; the one before was a Series A in Jun 2010.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
BlaBlaCar did not disclose a valuation in this round. It came 49 months after BlaBlaCar's Series A. It is 42% of the $241M BlaBlaCar has raised in the venture rounds on record. BlaBlaCar raised again 26 months later: a Series D round of $24M in Sep 2016, at $1.60B post-money.
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 this round 2 Jul 2014, led by Index Ventures $100M
- Series D 6 Sep 2016, led by Baring Vostok $24M$1.60B post-money
- Growth 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
Index Ventures led the round with 3 other firms. Index Ventures, Accel, ISAI and Lead Edge Capital had backed BlaBlaCar before.
Lead investor
- Index Ventures backs 353 venture-backed companies existing investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- ISAI existing investor
- Lead Edge Capital existing investor
Joined the board: Dominique Vidal (Index Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ola Corporate Ridesharing | 11 Jul 2014 | $42M | $167M | Steadview Capital |
| Garbage Collection & Waste Disposal | 1 Jul 2014 | $32M | not disclosed | ABS Capital |
| Tech Companies | 2 Jul 2014 | $25M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 23 Jul 2014 | $25M | not disclosed | Piton Capital |
| Tech Companies | 30 Jul 2014 | $24M | not disclosed | NewSpring |
| Tech Companies | 7 Jul 2014 | $9.0M | not disclosed | Chrysalis Ventures |
| Digital & Marketing Agencies | 8 Jul 2014 | $9.0M | not disclosed | Baird Capital |
| Payment Processing & Point of Sale | 14 Jul 2014 | $6.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did BlaBlaCar raise in its Series C round?
BlaBlaCar raised $100M in its Series C round, announced in Jul 2014.
Who led BlaBlaCar's Series C round?
Index Ventures led it, with Accel, ISAI and Lead Edge Capital.
What was BlaBlaCar's valuation at the Series C round?
It was not disclosed.
Did BlaBlaCar raise again after this round?
Yes: a Series D round in Sep 2016 of $24M at $1.60B post-money.