Funding round
Branch Series C
Branch, which works in mobile measurement platform development in Mountain View, raised $60M in a Series C round announced on 12 Apr 2017, led by Playground. 8 firms took part, with 1 individual investor. It is Branch's fourth venture round on record; the one before was a Series B in Jan 2016.
$60M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Branch did not disclose a valuation in this round. It came 15 months after Branch's Series B. It is 11% of the $542M Branch has raised in the venture rounds on record. Branch raised again 17 months later: a Series D round of $129M in Sep 2018, at $1.00B post-money.
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 this round 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
Playground led the round with 7 other firms.
Lead investor
- backs 51 venture-backed companies new investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- Samsung Venture Investment backs 126 venture-backed companies new investor
- backs 142 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- backs 20 venture-backed companies
Individual investors: Ben Narasin.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
160 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cohesity Tech Companies | 4 Apr 2017 | $90M | not disclosed | GV and Sequoia Capital |
| Tech Companies | 18 Apr 2017 | $40M | not disclosed | New Enterprise Associates and Sapphire Ventures |
| Tech Companies | 20 Apr 2017 | $36M | $235M | GGV Capital |
| Tech Companies | 4 Apr 2017 | $30M | not disclosed | NLVC |
| Tech Companies | 26 Apr 2017 | $27M | not disclosed | Coatue |
| Tech Companies | 11 Apr 2017 | $21M | not disclosed | M12 |
| Tech Companies | 4 Apr 2017 | $15M | not disclosed | Battery Ventures |
| Tech Companies | 5 Apr 2017 | undisclosed | $50M | Korea Investment Financial Holding |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Branch raise in its Series C round?
Branch raised $60M in its Series C round, announced in Apr 2017.
Who led Branch's Series C round?
Playground led it, with New Enterprise Associates, Founders Fund, Pear VC, Samsung Venture Investment and Madrona and 2 more.
What was Branch's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
160 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.0 times the median.
Did Branch raise again after this round?
Yes: a Series D round in Sep 2018 of $129M at $1.00B post-money.