Funding round
C4 Growth
Reported as "Growth Equity"
C4, which works in IT infrastructure management services in Rio de Janeiro, raised $215M in a Growth round announced on 29 Jul 2021, led by Summit Partners, at a $2.30B post-money valuation. 1 firm took part. It is C4's second venture round on record; the one before was a Growth in Dec 2019.
$215M
Amount raised
$2.30B
Post-money valuation
$2.08B pre-money
1
Investors
1 lead
9.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced C4 at $2.30B after the new money. The $215M bought investors about 9.3% of the company. It came 19 months after C4's Growth. It is 26% of the $835M C4 has raised in the venture rounds on record. C4 raised again 40 months later: a Growth round of $530M in Nov 2024, at $5.30B post-money.
Investors
Who put money in
Summit Partners led the round.
Lead investor
- backs 96 venture-backed companies new investor
Joined the board: Han Sikkens (Summit Partners).
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
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Yanolja Tech Companies | 15 Jul 2021 | $1.70B | $9.00B | SoftBank Vision Fund |
| insightsoftware Tech Companies | 13 Jul 2021 | $1.00B | $4.00B | Hg and TA Associates |
| Availity Tech Companies | 1 Jul 2021 | $452M | not disclosed | Francisco Partners |
| Age of Learning Tech Companies | 1 Jul 2021 | $300M | $3.00B | TPG |
| Netskope Tech Companies | 9 Jul 2021 | $300M | $7.50B | ICONIQ Growth |
| Tech Companies | 20 Jul 2021 | $235M | not disclosed | General Atlantic |
| Orca Security Tech Companies | 4 Jul 2021 | $150M | $1.75B | not named |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did C4 raise in its Growth round?
C4 raised $215M in its Growth round, announced in Jul 2021.
Who led C4's Growth round?
Summit Partners led it.
What was C4's valuation at the Growth round?
$2.30B post-money ($2.08B pre-money).
How does it compare with other Growth rounds in Tech Companies?
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.6 times the median.
Did C4 raise again after this round?
Yes: a Growth round in Nov 2024 of $530M at $5.30B post-money.