Funding round
CData Growth
Reported as "Growth Equity"
CData, which works in data connectivity platform development in Chapel Hill, raised $350M in a Growth round announced on 26 Jun 2024, led by Warburg Pincus, at a $800M post-money valuation. 3 firms took part, 2 of them already investors. It is CData's second venture round on record; the one before was a Series B in Dec 2021.
$350M
Amount raised
$800M
Post-money valuation
3
Investors
1 lead
44%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CData at $800M after the new money. The $350M bought investors about 44% of the company. It came 30 months after CData's Series B. It is 71% of the $490M CData has raised in the venture rounds on record. No later venture round is on record for CData.
CData's funding rounds
CData has 2 venture rounds on record. This one is highlighted.
- Series B 16 Dec 2021, led by Updata Partners $140M
- Growth this round 26 Jun 2024, led by Warburg Pincus $350M$800M post-money
Investors
Who put money in
Warburg Pincus led the round with 2 other firms. Warburg Pincus and Updata Partners had backed CData before.
Lead investor
- Warburg Pincus backs 76 venture-backed companies existing investor
Also in the round
- Accel backs 581 venture-backed companies new investor
- backs 28 venture-backed companies existing investor
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
373 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 7.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| AlphaSense Tech Companies | 11 Jun 2024 | $650M | $4.00B | Viking Global and BDT & MSD Partners |
| Tech Companies | 26 Jun 2024 | $200M | $1.20B | Sapphire Ventures |
| Tech Companies | 20 Jun 2024 | $125M | $1.00B | not named |
| Tech Companies | 30 Jun 2024 | $77M | not disclosed | not named |
| Tech Companies | 10 Jun 2024 | $35M | not disclosed | CIBC Innovation Banking |
| Tech Companies | 5 Jun 2024 | $30M | not disclosed | Silver Lake Waterman |
| Tech Companies | 6 Jun 2024 | $25M | not disclosed | Databricks Ventures |
| Tech Companies | 18 Jun 2024 | $22M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did CData raise in its Growth round?
CData raised $350M in its Growth round, announced in Jun 2024.
Who led CData's Growth round?
Warburg Pincus led it, with Accel and Updata Partners.
What was CData's valuation at the Growth round?
$800M post-money.
How does it compare with other Growth rounds in Tech Companies?
373 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 7.3 times the median.