Funding round
Chainguard Series C
Chainguard, which works in open source software distribution in Kirkland, raised $140M in a Series C round announced on 25 Jul 2024, led by Redpoint Ventures, Lightspeed Venture Partners and Institutional Venture Partners, at a $1.12B post-money valuation. 7 firms took part, 6 of them already investors. It is Chainguard's fourth venture round on record; the one before was a Series B in Nov 2023.
$140M
Amount raised
$1.12B
Post-money valuation
$980M pre-money
7
Investors
3 leads
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Chainguard at $1.12B after the new money. The $140M bought investors about 13% of the company. It came 8 months after Chainguard's Series B. It is 16% of the $892M Chainguard has raised in the venture rounds on record. Chainguard raised again 9 months later: a Series D round of $356M in Apr 2025, at $3.50B post-money.
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 2 Jun 2022, led by Sequoia Capital $50M
- Series B 1 Nov 2023, led by Spark Capital $61M
- Series C this round 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
Redpoint Ventures, Lightspeed Venture Partners and Institutional Venture Partners led the round with 4 other firms. Redpoint Ventures, Lightspeed Venture Partners, Amplify Partners and Mantis VC and 2 more had backed Chainguard before.
Lead investors
- Redpoint Ventures backs 194 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
Also in the round
- backs 24 venture-backed companies existing investor
- backs 63 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Spark Capital backs 234 venture-backed companies existing investor
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
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 2.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Jul 2024 | $200M | $1.00B | United States Innovative Technology and Thomas Tull’s US Innovative Technology Fund (USIT) |
| Tech Companies | 30 Jul 2024 | $200M | $1.00B | General Atlantic |
| Vanta Tech Companies | 24 Jul 2024 | $150M | $2.45B | Sequoia Capital |
| Harvey Tech Companies | 23 Jul 2024 | $100M | $1.50B | GV |
| Tech Companies | 10 Jul 2024 | $90M | not disclosed | TPG |
| Tech Companies | 17 Jul 2024 | $80M | not disclosed | not named |
| Tech Companies | 9 Jul 2024 | $60M | $500M | Index Ventures |
| Tech Companies | 30 Jul 2024 | $56M | not disclosed | Centana Growth Partners |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Chainguard raise in its Series C round?
Chainguard raised $140M in its Series C round, announced in Jul 2024.
Who led Chainguard's Series C round?
Redpoint Ventures, Lightspeed Venture Partners and Institutional Venture Partners led it, with Amplify Partners, Mantis VC, Sequoia Capital and Spark Capital.
What was Chainguard's valuation at the Series C round?
$1.12B post-money ($980M pre-money).
How does it compare with other Series C rounds in Tech Companies?
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 2.7 times the median.
Did Chainguard raise again after this round?
Yes: a Series D round in Apr 2025 of $356M at $3.50B post-money.