Funding round
Branch Series A
Branch, which works in mobile measurement platform development in Mountain View, raised $15M in a Series A round announced on 1 Jan 2015, led by New Enterprise Associates. 4 firms took part. It is Branch's second venture round on record; the one before was a Seed in Sep 2014.
$15M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Branch did not disclose a valuation in this round. It came 4 months after Branch's Seed. It is 2.8% of the $542M Branch has raised in the venture rounds on record. Branch raised again 12 months later: a Series B round of $35M in Jan 2016. Its next priced round, a Series D in Sep 2018, valued it at $1.00B.
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 this round 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 10 Feb 2022, led by New Enterprise Associates $300M$4.00B post-money
Investors
Who put money in
New Enterprise Associates led the round with 3 other firms.
Lead investor
- New Enterprise Associates backs 286 venture-backed companies new investor
Also in the round
- backs 46 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 108 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
372 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.0M, and this round was 2.5 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Jan 2015 | $55M | not disclosed | Main Street Capital |
| Tech Companies | 28 Jan 2015 | $13M | not disclosed | Bessemer Venture Partners and Columbia Capital |
| Tech Companies | 29 Jan 2015 | $11M | not disclosed | Trinity Ventures |
| Tech Companies | 27 Jan 2015 | $8.0M | not disclosed | Formation 8 |
| Tech Companies | 4 Jan 2015 | $7.4M | not disclosed | not named |
| Tech Companies | 26 Jan 2015 | $6.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2015 | $6.0M | not disclosed | not named |
| Tech Companies | 21 Jan 2015 | $4.1M | not disclosed | Great Oaks Venture Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Branch raise in its Series A round?
Branch raised $15M in its Series A round, announced in Jan 2015.
Who led Branch's Series A round?
New Enterprise Associates led it, with Cowboy Ventures, TriplePoint Capital and Pear VC.
What was Branch's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
372 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.0M, and this round was 2.5 times the median.
Did Branch raise again after this round?
Yes: a Series B round in Jan 2016 of $35M.