Funding round
Cohesity Series E
Cohesity, which works in data protection and management solutions in Santa Clara, raised $250M in a Series E round announced on 9 Apr 2020, led by DFJ Growth, Foundation Capital, Greenspring Associates and Wing Venture Capital, at a $2.50B post-money valuation. 16 firms took part. It is Cohesity's fourth venture round on record; the one before was a Series D in Jun 2018.
$250M
Amount raised
$2.50B
Post-money valuation
16
Investors
4 leads
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cohesity at $2.50B after the new money. The $250M bought investors about 10% of the company. It came 22 months after Cohesity's Series D. It is 8.6% of the $2.90B Cohesity has raised in the venture rounds on record. Cohesity raised again 11 months later: a Growth round of $145M in Mar 2021, at $3.70B 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 this round 9 Apr 2020, led by DFJ Growth, Foundation Capital and Greenspring Associates $250M$2.50B post-money
- Growth 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
DFJ Growth, Foundation Capital, Greenspring Associates and Wing Venture Capital led the round with 12 other firms.
Lead investors
- DFJ Growth backs 51 venture-backed companies new investor
- Foundation Capital backs 144 venture-backed companies new investor
- Greenspring Associates new investor
- backs 96 venture-backed companies new investor
Also in the round
- backs 39 venture-backed companies new investor
- Baillie Gifford new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Hewlett Packard Enterprise new investor
- backs 80 venture-backed companies new investor
- Syndicate Group new investor
- DHVC (Danhua Capital) new investor
- backs 7 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- Toy Ventures new investor
- backs 9 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
72 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $104M, and this round was 2.4 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Apr 2020 | $100M | not disclosed | Institutional Venture Partners |
| Tech Companies | 21 Apr 2020 | $94M | not disclosed | Riverwood Capital |
| Tech Companies | 7 Apr 2020 | $58M | not disclosed | CTC Capital |
| Rebel Foods Tech Companies | 10 Apr 2020 | $50M | not disclosed | not named |
| Tech Companies | 13 Mar 2020 | $52M | not disclosed | DBJ Capital and Mitsubishi UFJ Capital |
| Tech Companies | 17 Jun 2020 | $80M | not disclosed | Sapphire Ventures |
| Tech Companies | 10 Jun 2020 | $43M | not disclosed | Highland Capital Partners |
| Tech Companies | 16 Jul 2020 | $125M | $1.20B | BlackRock |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Cohesity raise in its Series E round?
Cohesity raised $250M in its Series E round, announced in Apr 2020.
Who led Cohesity's Series E round?
DFJ Growth, Foundation Capital, Greenspring Associates and Wing Venture Capital led it, with Sozo Ventures, Baillie Gifford, Sequoia Capital, SoftBank Vision Fund and Hewlett Packard Enterprise and 7 more.
What was Cohesity's valuation at the Series E round?
$2.50B post-money.
How does it compare with other Series E rounds in Tech Companies?
72 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $104M, and this round was 2.4 times the median.
Did Cohesity raise again after this round?
Yes: a Growth round in Mar 2021 of $145M at $3.70B post-money.