Funding round
C4 Growth
Reported as "Growth Equity"
C4, which works in IT infrastructure management services in Rio de Janeiro, raised $530M in a Growth round announced on 20 Nov 2024, led by CapitalG and Sequoia Capital, at a $5.30B post-money valuation. 7 firms took part. It is C4's third venture round on record; the one before was a Growth in Jul 2021.
$530M
Amount raised
500,000,000 EUR converted
$5.30B
Post-money valuation
$4.77B pre-money
7
Investors
2 leads
2.3x
Step-up from the Growth
$2.30B in Jul 2021
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced C4 at $5.30B after the new money, 2.3 times the $2.30B of its Growth (Jul 2021). The $530M bought investors about 10% of the company. It came 40 months after C4's Growth. It is 63% of the $835M C4 has raised in the venture rounds on record. No later venture round is on record for C4.
Investors
Who put money in
CapitalG and Sequoia Capital led the round with 5 other firms.
Lead investors
- CapitalG backs 70 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- BlackRock new investor
- Mubadala backs 42 venture-backed companies new investor
- HarbourVest backs 37 venture-backed companies new investor
- backs 59 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
Comparable rounds
How it compares
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 11 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anthropic Tech Companies | 22 Nov 2024 | $4.00B | not disclosed | Amazon |
| Cin7 Tech Companies | 18 Nov 2024 | $500M | not disclosed | Rubicon Technology Partners and CVC |
| Perplexity Tech Companies | 5 Nov 2024 | $500M | $9.00B | Institutional Venture Partners |
| Tech Companies | 13 Nov 2024 | $330M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 21 Nov 2024 | $100M | not disclosed | General Catalyst |
| Tech Companies | 21 Nov 2024 | $50M | not disclosed | not named |
| Neo4j Tech Companies | 28 Nov 2024 | $50M | $2.00B | Noteus |
| Tech Companies | 25 Nov 2024 | $50M | not disclosed | BlackRock Capital Investment Advisors, LLC |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did C4 raise in its Growth round?
C4 raised $530M in its Growth round, announced in Nov 2024.
Who led C4's Growth round?
CapitalG and Sequoia Capital led it, with BlackRock, Mubadala, HarbourVest, AVP and Alkeon.
What was C4's valuation at the Growth round?
$5.30B post-money ($4.77B 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 $50M, and this round was 11 times the median.