Funding round
Bloomreach Series F
Bloomreach, which works in AI-Driven personalization solutions in Mountain View, raised $175M in a Series F round announced on 23 Feb 2022, led by Goldman Sachs Asset Management and Goldman Sachs, at a $2.20B post-money valuation. 4 firms took part, 1 of them already investors. It is Bloomreach's sixth venture round on record; the one before was a Series E in Jan 2021.
$175M
Amount raised
$2.20B
Post-money valuation
$2.02B pre-money
4
Investors
2 leads
2.4x
Step-up from the Series E
$900M in Jan 2021
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Bloomreach at $2.20B after the new money, 2.4 times the $900M of its Series E (Jan 2021). The $175M bought investors about 8.0% of the company. It came 13 months after Bloomreach's Series E. It is 41% of the $425M Bloomreach has raised in the venture rounds on record. No later venture round is on record for Bloomreach.
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 26 Jan 2021, led by Sixth Street Growth $150M$900M post-money
- Series F this round 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
Goldman Sachs Asset Management and Goldman Sachs led the round with 2 other firms. Bain Capital Ventures had backed Bloomreach before.
Lead investors
- Goldman Sachs Asset Management new investor
- Goldman Sachs backs 218 venture-backed companies
Also in the round
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- Sixth Street backs 34 venture-backed companies new investor
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
42 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
| Tech Companies | 18 Jan 2022 | $175M | $3.00B | Thrive Capital and Tiger Global |
| Tech Companies | 13 Dec 2021 | $735M | $11.00B | XN |
| Cockroach Labs Tech Companies | 16 Dec 2021 | $278M | $5.00B | Greenoaks |
| Salsify Tech Companies | 13 Apr 2022 | $200M | $2.00B | TPG |
| Tech Companies | 16 Dec 2021 | $170M | $2.20B | ICONIQ Capital |
| Tech Companies | 1 Dec 2021 | $150M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Bloomreach raise in its Series F round?
Bloomreach raised $175M in its Series F round, announced in Feb 2022.
Who led Bloomreach's Series F round?
Goldman Sachs Asset Management and Goldman Sachs led it, with Bain Capital Ventures and Sixth Street.
What was Bloomreach's valuation at the Series F round?
$2.20B post-money ($2.02B pre-money).
How does it compare with other Series F rounds in Tech Companies?
42 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median.