Funding round
Boman Group Growth
Reported as "Growth Equity"
Boman Group, which works in wealth management services in Melbourne, raised $1.00B in a Growth round announced on 20 Nov 2024.
$1.00B
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Boman Group did not disclose a valuation in this round. It is Boman Group's first venture round on record, 13 years after it was founded in 2011. No later venture round is on record for Boman Group.
Boman Group's funding rounds
This is the only venture round on record for Boman Group.
- Growth this round 20 Nov 2024 $1.00B
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
20 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $61M, and this round was 16 times the median. The closest in time, other companies' Growth rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 19 Nov 2024 | $102M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 6 Nov 2024 | $52M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 8 Oct 2024 | $35M | not disclosed | Multiplier Capital |
| Investment Consultants & Financial Advisors | 30 Oct 2024 | $27M | not disclosed | Macquarie |
| Investment Consultants & Financial Advisors | 9 Jan 2025 | $53M | not disclosed | Prosus and UBS |
| Investment Consultants & Financial Advisors | 1 Feb 2025 | $45M | not disclosed | FTV Management Company |
| Investment Consultants & Financial Advisors | 1 Jul 2024 | $285M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 1 Jul 2024 | $200M | not disclosed | Summit Partners and Silversmith Capital Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Boman Group raise in its Growth round?
Boman Group raised $1.00B in its Growth round, announced in Nov 2024.
What was Boman Group's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Investment Consultants & Financial Advisors?
20 Growth rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $61M, and this round was 16 times the median.