Funding round
Cin7 Growth
Reported as "Growth Equity"
Cin7, which works in cloud-based inventory management software development in Denver, raised $500M in a Growth round announced on 18 Nov 2024, led by Rubicon Technology Partners and CVC. 6 firms took part, 6 of them already investors.
$500M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Cin7 did not disclose a valuation in this round. It is Cin7's first venture round on record, 12 years after it was founded in 2012. No later venture round is on record for Cin7.
Cin7's funding rounds
This is the only venture round on record for Cin7.
- Growth this round 18 Nov 2024, led by Rubicon Technology Partners and CVC $500M
Investors
Who put money in
Rubicon Technology Partners and CVC led the round with 4 other firms. Rubicon Technology Partners, CVC, Ares Management and BlackRock and 2 more had backed Cin7 before.
Lead investors
- existing investor
- backs 18 venture-backed companies existing investor
Also in the round
- Ares Management existing investor
- BlackRock existing investor
- Goldman Sachs Asset Management existing investor
- backs 27 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
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 10 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 |
| C4 Tech Companies | 20 Nov 2024 | $530M | $5.30B | CapitalG and Sequoia Capital |
| 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 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cin7 raise in its Growth round?
Cin7 raised $500M in its Growth round, announced in Nov 2024.
Who led Cin7's Growth round?
Rubicon Technology Partners and CVC led it, with Ares Management, BlackRock, Goldman Sachs Asset Management and Schroders Capital.
What was Cin7's valuation at the Growth round?
It was not disclosed.
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 10 times the median.