Funding round
Bloomreach Series E
Bloomreach, which works in AI-Driven personalization solutions in Mountain View, raised $150M in a Series E round announced on 26 Jan 2021, led by Sixth Street Growth, at a $900M post-money valuation. 1 firm took part. It is Bloomreach's fifth venture round on record; the one before was a Series D in Jan 2016.
$150M
Amount raised
$900M
Post-money valuation
1
Investors
1 lead
13x
Step-up from the Series B
$69M in Sep 2010
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bloomreach at $900M after the new money, 13.0 times the $69M of its Series B (Sep 2010). The $150M bought investors about 17% of the company. It came 60 months after Bloomreach's Series D. It is 35% of the $425M Bloomreach has raised in the venture rounds on record. Bloomreach raised again 13 months later: a Series F round of $175M in Feb 2022, at $2.20B 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 29 Jan 2016 $56M
- Series E this round 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
Sixth Street Growth led the round.
Lead investor
- Sixth Street Growth new investor
Comparable rounds
How it compares
117 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.2 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2021 | $288M | $5.40B | EQT |
| Cockroach Labs Tech Companies | 12 Jan 2021 | $160M | $2.00B | Altimeter |
| Tech Companies | 12 Jan 2021 | $100M | not disclosed | BlackRock |
| Tech Companies | 6 Jan 2021 | $100M | $1.10B | Owl Rock Capital |
| Tech Companies | 1 Jan 2021 | $39M | not disclosed | not named |
| Automattic Tech Companies | 1 Feb 2021 | $288M | $7.50B | Alta Park Capital Partners |
| Plume Tech Companies | 23 Feb 2021 | $270M | $1.35B | Insight Partners |
| Highspot Tech Companies | 22 Feb 2021 | $200M | $2.30B | Tiger Global Management |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Bloomreach raise in its Series E round?
Bloomreach raised $150M in its Series E round, announced in Jan 2021.
Who led Bloomreach's Series E round?
Sixth Street Growth led it.
What was Bloomreach's valuation at the Series E round?
$900M post-money.
How does it compare with other Series E rounds in Tech Companies?
117 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.2 times the median.
Did Bloomreach raise again after this round?
Yes: a Series F round in Feb 2022 of $175M at $2.20B post-money.