Funding round
Cohesity Growth
Reported as "Growth Equity"
Cohesity, which works in data protection and management solutions in Santa Clara, raised $145M in a Growth round announced on 30 Mar 2021, led by Steadfast Capital Management, at a $3.70B post-money valuation. 5 firms took part. It is Cohesity's fifth venture round on record; the one before was a Series E in Apr 2020.
$145M
Amount raised
$3.70B
Post-money valuation
$3.56B pre-money
5
Investors
1 lead
1.5x
Step-up from the Series E
$2.50B in Apr 2020
3.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cohesity at $3.70B after the new money, 1.5 times the $2.50B of its Series E (Apr 2020). The $145M bought investors about 3.9% of the company. It came 11 months after Cohesity's Series E. It is 5.0% of the $2.90B Cohesity has raised in the venture rounds on record. Cohesity raised again 37 months later: a Series F round of $150M in Apr 2024, at $7.00B post-money.
Cohesity's funding rounds
Cohesity has 7 venture rounds on record. This one is highlighted.
- Series A 29 Jul 2015, led by Sequoia Capital and Wing Venture Capital $15M
- Series C 4 Apr 2017, led by GV and Sequoia Capital $90M
- Series D 11 Jun 2018, led by SoftBank Vision Fund $250M
- Series E 9 Apr 2020, led by DFJ Growth, Foundation Capital and Greenspring Associates $250M$2.50B post-money
- Growth this round 30 Mar 2021, led by Steadfast Capital Management $145M$3.70B post-money
- Series F 11 Apr 2024 $150M$7.00B post-money
- Series H+ 10 Dec 2024 $2.00B
Investors
Who put money in
Steadfast Capital Management led the round with 4 other firms.
Lead investor
- Steadfast Capital Management new investor
Also in the round
- DFJ Growth backs 51 venture-backed companies new investor
- Foundation Capital backs 144 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Comparable rounds
How it compares
387 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 2.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dream Sports Tech Companies | 24 Mar 2021 | $400M | $5.00B | Technology Crossover Ventures and D1 Capital Partners |
| Dapper Labs Tech Companies | 30 Mar 2021 | $305M | $2.60B | Coatue |
| Telegram Tech Companies | 24 Mar 2021 | $150M | not disclosed | not named |
| Tech Companies | 31 Mar 2021 | $125M | not disclosed | Brighton Park Capital |
| Tech Companies | 4 Mar 2021 | $110M | not disclosed | Summit Partners and Greg Mercer |
| Tech Companies | 16 Mar 2021 | $100M | not disclosed | TA Associates |
| Tech Companies | 24 Mar 2021 | $100M | $1.25B | Sequoia Capital and Index Ventures |
| Tech Companies | 1 Mar 2021 | $58M | $477M | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cohesity raise in its Growth round?
Cohesity raised $145M in its Growth round, announced in Mar 2021.
Who led Cohesity's Growth round?
Steadfast Capital Management led it, with DFJ Growth, Foundation Capital, Wing Venture Capital and SoftBank Vision Fund.
What was Cohesity's valuation at the Growth round?
$3.70B post-money ($3.56B pre-money).
How does it compare with other Growth rounds in Tech Companies?
387 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 2.7 times the median.
Did Cohesity raise again after this round?
Yes: a Series F round in Apr 2024 of $150M at $7.00B post-money.