Funding round
City Football Group Growth
Reported as "Growth Equity"
City Football Group, which works in football club ownership and operation in United Arab Emirates, raised $500M in a Growth round announced on 26 Nov 2019, led by Silver Lake, at a $4.80B post-money valuation. 1 firm took part.
$500M
Amount raised
$4.80B
Post-money valuation
$4.30B pre-money
1
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced City Football Group at $4.80B after the new money. The $500M bought investors about 10% of the company. It is City Football Group's first venture round on record, 6 years after it was founded in 2013. No later venture round is on record for City Football Group.
City Football Group's funding rounds
This is the only venture round on record for City Football Group.
- Growth this round 26 Nov 2019, led by Silver Lake $500M$4.80B post-money
Investors
Who put money in
Silver Lake led the round.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Joined the board: Egon Durban (Silver Lake).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| PharmEasy Drug Stores & Pharmacies | 27 Nov 2019 | $220M | not disclosed | not named |
| Flight Training | 26 Nov 2019 | $100M | not disclosed | Clairvest |
| Payment Processing & Point of Sale | 13 Nov 2019 | $75M | not disclosed | not named |
| Tech Companies | 13 Nov 2019 | $64M | not disclosed | CVC |
| Tech Companies | 25 Nov 2019 | $58M | not disclosed | Spectrum Equity |
| Investment Consultants & Financial Advisors | 7 Nov 2019 | $58M | not disclosed | not named |
| Payment Processing & Point of Sale | 25 Nov 2019 | $52M | not disclosed | not named |
| Medical Supply Manufacturers | 6 Nov 2019 | $40M | not disclosed | Founders Fund |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did City Football Group raise in its Growth round?
City Football Group raised $500M in its Growth round, announced in Nov 2019.
Who led City Football Group's Growth round?
Silver Lake led it.
What was City Football Group's valuation at the Growth round?
$4.80B post-money ($4.30B pre-money).