Funding round
CData Series B
CData, which works in data connectivity platform development in Chapel Hill, raised $140M in a Series B round announced on 16 Dec 2021, led by Updata Partners. 1 firm took part. It is CData's first venture round on record.
$140M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
CData did not disclose a valuation in this round. It is CData's first venture round on record, 7 years after it was founded in 2014. It is 29% of the $490M CData has raised in the venture rounds on record. CData raised again 30 months later: a Growth round of $350M in Jun 2024, at $800M post-money.
CData's funding rounds
CData has 2 venture rounds on record. This one is highlighted.
- Series B this round 16 Dec 2021, led by Updata Partners $140M
- Growth 26 Jun 2024, led by Warburg Pincus $350M$800M post-money
Investors
Who put money in
Updata Partners led the round.
Lead investor
- backs 28 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion and scaling operations.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 4.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Dec 2021 | $220M | $1.25B | General Atlantic and SoftBank |
| Tech Companies | 20 Dec 2021 | $150M | $1.50B | Altimeter and Coatue |
| Tech Companies | 2 Dec 2021 | $120M | $1.40B | Coatue |
| Tech Companies | 2 Dec 2021 | $95M | not disclosed | D1 Capital Partners |
| Tech Companies | 1 Dec 2021 | $92M | not disclosed | Horizons Ventures |
| Tech Companies | 7 Dec 2021 | $75M | $1.20B | Valor |
| Tech Companies | 28 Dec 2021 | $70M | not disclosed | not named |
| Tech Companies | 17 Dec 2021 | $70M | not disclosed | Valeas Capital Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did CData raise in its Series B round?
CData raised $140M in its Series B round, announced in Dec 2021.
Who led CData's Series B round?
Updata Partners led it.
What was CData's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 4.5 times the median.
Did CData raise again after this round?
Yes: a Growth round in Jun 2024 of $350M at $800M post-money.