Funding round
Chainguard Series A
Chainguard, which works in open source software distribution in Kirkland, raised $50M in a Series A round announced on 2 Jun 2022, led by Sequoia Capital. 6 firms took part. It is Chainguard's second venture round on record; the one before was a Seed in Dec 2021.
$50M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Chainguard did not disclose a valuation in this round. It came 6 months after Chainguard's Seed. It is 5.6% of the $892M Chainguard has raised in the venture rounds on record. Chainguard raised again 17 months later: a Series B round of $61M in Nov 2023. Its next priced round, a Series C in Jul 2024, valued it at $1.12B.
Chainguard's funding rounds
Chainguard has 6 venture rounds on record. This one is highlighted.
- Seed 8 Dec 2021, led by Amplify Partners $5.0M
- Series A this round 2 Jun 2022, led by Sequoia Capital $50M
- Series B 1 Nov 2023, led by Spark Capital $61M
- Series C 25 Jul 2024, led by Redpoint Ventures, Lightspeed Venture Partners and Institutional Venture Partners $140M$1.12B post-money
- Series D 23 Apr 2025, led by Kleiner Perkins and Institutional Venture Partners $356M$3.50B post-money
- Growth 23 Oct 2025, led by General Catalyst $280M
Investors
Who put money in
Sequoia Capital led the round with 5 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- backs 24 venture-backed companies new investor
- backs 63 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- K5/JPMC new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,875 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 4.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Jun 2022 | $100M | not disclosed | IDG Capital and HSG |
| Tech Companies | 14 Jun 2022 | $70M | not disclosed | Atomico and Balderton Capital |
| Tech Companies | 1 Jun 2022 | $50M | not disclosed | not named |
| Tech Companies | 7 Jun 2022 | $48M | not disclosed | Primorus Investments and Zed Capital |
| Tech Companies | 1 Jun 2022 | $45M | not disclosed | not named |
| Tech Companies | 8 Jun 2022 | $42M | not disclosed | Insight Partners |
| Tech Companies | 15 Jun 2022 | $40M | not disclosed | Tiger Global |
| Tech Companies | 14 Jun 2022 | $37M | not disclosed | VEON Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Chainguard raise in its Series A round?
Chainguard raised $50M in its Series A round, announced in Jun 2022.
Who led Chainguard's Series A round?
Sequoia Capital led it, with Amplify Partners, Mantis VC, LiveOak, Banana Capital and K5/JPMC.
What was Chainguard's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,875 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 4.0 times the median.
Did Chainguard raise again after this round?
Yes: a Series B round in Nov 2023 of $61M.