Funding round
Branch Series B
Branch, which works in mobile measurement platform development in Mountain View, raised $35M in a Series B round announced on 27 Jan 2016, led by Founders Fund. 5 firms took part, 3 of them already investors. It is Branch's third venture round on record; the one before was a Series A in Jan 2015.
$35M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Branch did not disclose a valuation in this round. It came 12 months after Branch's Series A. It is 6.5% of the $542M Branch has raised in the venture rounds on record. Branch raised again 15 months later: a Series C round of $60M in Apr 2017. 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 1 Jan 2015, led by New Enterprise Associates $15M
- Series B this round 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
Founders Fund led the round with 4 other firms. New Enterprise Associates, Pear VC and Cowboy Ventures had backed Branch before.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies existing investor
- backs 108 venture-backed companies existing investor
- backs 46 venture-backed companies existing investor
- backs 142 venture-backed companies new investor
Joined the board: Scott Nolan (Founders Fund).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
244 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 Jan 2016 | $50M | not disclosed | 20th Century Fox and The Walt Disney Company |
| Tech Companies | 21 Jan 2016 | $50M | $625M | Fidelity Management and Research Company |
| Tech Companies | 23 Jan 2016 | $40M | not disclosed | not named |
| Lucid Tech Companies | 1 Jan 2016 | $36M | not disclosed | Spectrum Equity |
| Patreon Tech Companies | 19 Jan 2016 | $30M | not disclosed | Thrive Capital |
| Tech Companies | 12 Jan 2016 | $22M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 27 Jan 2016 | $20M | not disclosed | Scale Venture Partners |
| Tech Companies | 1 Jan 2016 | $20M | not disclosed | Aramco Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Branch raise in its Series B round?
Branch raised $35M in its Series B round, announced in Jan 2016.
Who led Branch's Series B round?
Founders Fund led it, with New Enterprise Associates, Pear VC, Cowboy Ventures and Madrona.
What was Branch's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
244 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 2.3 times the median.
Did Branch raise again after this round?
Yes: a Series C round in Apr 2017 of $60M.