Funding round
BlueVoyant Series D
BlueVoyant, which works in AI-Driven cybersecurity solutions development in New York, raised $250M in a Series D round announced on 23 Feb 2022, led by Liberty Strategic Capital, at a $1.00B post-money valuation. 4 firms took part, 4 of them already investors. It is BlueVoyant's second venture round on record; the one before was a Series B in May 2019.
$250M
Amount raised
$1.00B
Post-money valuation
4
Investors
1 lead
2.3x
Step-up from the Series B
$430M in May 2019
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced BlueVoyant at $1.00B after the new money, 2.3 times the $430M of its Series B (May 2019). The $250M bought investors about 25% of the company. It came 33 months after BlueVoyant's Series B. It is 53% of the $473M BlueVoyant has raised in the venture rounds on record. BlueVoyant raised again 21 months later: a Series E round of $140M in Nov 2023.
BlueVoyant's funding rounds
BlueVoyant has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Liberty Strategic Capital led the round with 3 other firms. Liberty Strategic Capital, ISTARI, Eden Global Partners and 8VC had backed BlueVoyant before.
Lead investor
- backs 2 venture-backed companies existing investor
Also in the round
- ISTARI existing investor
- backs 4 venture-backed companies existing investor
- 8VC existing investor
Joined the board: Steven T. Mnuchin (Liberty Strategic Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
224 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Starburst Tech Companies | 9 Feb 2022 | $250M | $3.35B | Alkeon |
| dbt Labs Tech Companies | 24 Feb 2022 | $222M | $4.20B | Altimeter |
| Aurora Solar Tech Companies | 28 Feb 2022 | $200M | $4.00B | Coatue and Energize Capital |
| Tech Companies | 14 Feb 2022 | $200M | not disclosed | not named |
| Tech Companies | 14 Feb 2022 | $200M | $1.70B | Jio Platforms Limited |
| Tech Companies | 9 Feb 2022 | $150M | $1.00B | Warburg Pincus |
| Tech Companies | 4 Feb 2022 | $140M | not disclosed | FS Investors |
| Tech Companies | 10 Feb 2022 | $140M | $1.40B | CapitalG |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did BlueVoyant raise in its Series D round?
BlueVoyant raised $250M in its Series D round, announced in Feb 2022.
Who led BlueVoyant's Series D round?
Liberty Strategic Capital led it, with ISTARI, Eden Global Partners and 8VC.
What was BlueVoyant's valuation at the Series D round?
$1.00B post-money.
How does it compare with other Series D rounds in Tech Companies?
224 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median.
Did BlueVoyant raise again after this round?
Yes: a Series E round in Nov 2023 of $140M.