Funding round
Bloomreach Series D
Bloomreach, which works in AI-Driven personalization solutions in Mountain View, raised $56M in a Series D round announced on 29 Jan 2016. 6 firms took part. It is Bloomreach's fourth venture round on record; the one before was a Series C in Oct 2012.
$56M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Bloomreach did not disclose a valuation in this round; its last disclosed one was $69M at the Series B (Sep 2010). It came 39 months after Bloomreach's Series C. It is 13% of the $425M Bloomreach has raised in the venture rounds on record. Bloomreach raised again 60 months later: a Series E round of $150M in Jan 2021, at $900M post-money.
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 29 Sep 2010 $14M$69M post-money
- Series C 18 Oct 2012, led by New Enterprise Associates $25M
- Series D this round 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
6 firms took part; no lead investor was named.
Investors
- Bain Capital Ventures backs 220 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- sovereign wealth fund
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
45 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $32M, and this round was 1.8 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Jan 2016 | $50M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 14 Jan 2016 | $45M | $250M | Union Square Ventures |
| Tech Companies | 5 Jan 2016 | $20M | not disclosed | not named |
| Tech Companies | 12 Nov 2015 | $50M | not disclosed | Insight Partners |
| Tech Companies | 10 Nov 2015 | $32M | not disclosed | JMI Equity |
| Tech Companies | 30 Mar 2016 | $30M | not disclosed | Morgan Stanley Alternative Investment Partners |
| Tech Companies | 18 Nov 2015 | $21M | not disclosed | Allegis Capital |
| Tech Companies | 9 Nov 2015 | $18M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Bloomreach raise in its Series D round?
Bloomreach raised $56M in its Series D round, announced in Jan 2016.
Which investors took part in Bloomreach's Series D round?
Bain Capital Ventures, Battery Ventures, Lightspeed Venture Partners, New Enterprise Associates, Salesforce Ventures and sovereign wealth fund.
What was Bloomreach's valuation at the Series D round?
It was not disclosed; its last disclosed one was $69M at the Series B (Sep 2010).
How does it compare with other Series D rounds in Tech Companies?
45 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $32M, and this round was 1.8 times the median.
Did Bloomreach raise again after this round?
Yes: a Series E round in Jan 2021 of $150M at $900M post-money.