Funding round
Branch Growth
Reported as "Growth Equity"
Branch, which works in mobile measurement platform development in Mountain View, raised $300M in a Growth round announced on 10 Feb 2022, led by New Enterprise Associates, at a $4.00B post-money valuation. 1 firm took part, 1 of them already investors. It is Branch's sixth venture round on record; the one before was a Series D in Sep 2018.
$300M
Amount raised
$4.00B
Post-money valuation
$3.70B pre-money
1
Investors
1 lead
4.0x
Step-up from the Series D
$1.00B in Sep 2018
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Branch at $4.00B after the new money, 4.0 times the $1.00B of its Series D (Sep 2018). The $300M bought investors about 7.5% of the company. It came 41 months after Branch's Series D. It is 55% of the $542M Branch has raised in the venture rounds on record. No later venture round is on record for Branch.
Branch's funding rounds
Branch has 6 venture rounds on record. This one is highlighted.
- Seed 23 Sep 2014, led by New Enterprise Associates $3.0M
- Series A 1 Jan 2015, led by New Enterprise Associates $15M
- Series B 27 Jan 2016, led by Founders Fund $35M
- Series C 12 Apr 2017, led by Playground $60M
- Series D 7 Sep 2018 $129M$1.00B post-money
- Growth this round 10 Feb 2022, led by New Enterprise Associates $300M$4.00B post-money
Investors
Who put money in
New Enterprise Associates led the round. New Enterprise Associates had backed Branch before.
Lead investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
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 and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Securonix Tech Companies | 15 Feb 2022 | $1.00B | not disclosed | Vista Equity Partners |
| RELEX Solutions Tech Companies | 17 Feb 2022 | $568M | $5.68B | Blackstone |
| Tech Companies | 1 Feb 2022 | $350M | not disclosed | K1 Investment Management |
| Chargebee Tech Companies | 1 Feb 2022 | $250M | $3.50B | Tiger Global and Peak XV Partners |
| Cart.com Tech Companies | 3 Feb 2022 | $240M | not disclosed | Legacy Knight Capital Partners |
| Tech Companies | 14 Feb 2022 | $200M | not disclosed | Spectrum Equity and 22C Capital |
| Tech Companies | 22 Feb 2022 | $150M | not disclosed | Tiger Global |
| Tech Companies | 15 Feb 2022 | $100M | $2.00B | Blackstone |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Branch raise in its Growth round?
Branch raised $300M in its Growth round, announced in Feb 2022.
Who led Branch's Growth round?
New Enterprise Associates led it.
What was Branch's valuation at the Growth round?
$4.00B post-money ($3.70B pre-money).
How does it compare with other Growth rounds in Tech Companies?
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median.