Funding round
Bloomreach Series B
Bloomreach, which works in AI-Driven personalization solutions in Mountain View, raised $14M in a Series B round announced on 29 Sep 2010, at a $69M post-money valuation. 2 firms took part. It is Bloomreach's second venture round on record; the one before was a Series A in Feb 2009.
$14M
Amount raised
$69M
Post-money valuation
2
Investors
no lead named
5.9x
Step-up from the Series A
$12M in Feb 2009
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bloomreach at $69M after the new money, 5.9 times the $12M of its Series A (Feb 2009). The $14M bought investors about 20% of the company. It came 19 months after Bloomreach's Series A. It is 3.2% of the $425M Bloomreach has raised in the venture rounds on record. Bloomreach raised again 25 months later: a Series C round of $25M in Oct 2012. Its next priced round, a Series E in Jan 2021, valued it at $900M.
Bloomreach's funding rounds
Bloomreach has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 23 Feb 2009 $5.3M$12M post-money
- Series B this round 29 Sep 2010 $14M$69M post-money
- Series C 18 Oct 2012, led by New Enterprise Associates $25M
- Series D 29 Jan 2016 $56M
- Series E 26 Jan 2021, led by Sixth Street Growth $150M$900M post-money
- Series F 23 Feb 2022, led by Goldman Sachs Asset Management and Goldman Sachs $175M$2.20B post-money
- Debt not a venture round 4 Oct 2022, led by J.P. Morgan $30M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Bain Capital Ventures backs 220 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Comparable rounds
How it compares
55 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Aug 2010 | $40M | not disclosed | JMI Equity |
| Tech Companies | 12 Oct 2010 | $9.0M | not disclosed | Norwest |
| Tech Companies | 7 Oct 2010 | $8.9M | not disclosed | RRE Ventures |
| Tech Companies | 15 Jul 2010 | $15M | not disclosed | Greylock Partners |
| Tech Companies | 13 Jul 2010 | $8.0M | not disclosed | Kleiner Perkins and Sherpalo Ventures |
| Tech Companies | 3 Nov 2010 | $5.4M | not disclosed | Foundry |
| Tech Companies | 26 Jul 2010 | $5.0M | not disclosed | Granite Ventures |
| Tech Companies | 30 Nov 2010 | $4.0M | not disclosed | not named |
Questions
Frequently asked
How much did Bloomreach raise in its Series B round?
Bloomreach raised $14M in its Series B round, announced in Sep 2010.
Which investors took part in Bloomreach's Series B round?
Bain Capital Ventures and Lightspeed Venture Partners.
What was Bloomreach's valuation at the Series B round?
$69M post-money.
How does it compare with other Series B rounds in Tech Companies?
55 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 1.3 times the median.
Did Bloomreach raise again after this round?
Yes: a Series C round in Oct 2012 of $25M.