Funding round
DailyHunt Series H+
Reported as "Series H"
DailyHunt, which works in multilingual news content delivery in Koramangala, raised $100M in a Series H+ round announced on 31 Dec 2020, led by Alpha Wave Global, at a $1.01B post-money valuation. 4 firms took part. It is DailyHunt's third venture round on record; the one before was a Series G in Apr 2020.
$100M
Amount raised
$1.01B
Post-money valuation
4
Investors
1 lead
1.6x
Step-up from the Series G
$625M in Apr 2020
9.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DailyHunt at $1.01B after the new money, 1.6 times the $625M of its Series G (Apr 2020). The $100M bought investors about 9.9% of the company. It came 8 months after DailyHunt's Series G. It is 7.0% of the $1.43B DailyHunt has raised in the venture rounds on record. DailyHunt raised again 8 months later: a Series H+ round of $451M in Aug 2021, at $3.00B post-money.
DailyHunt's funding rounds
DailyHunt has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series C 6 Feb 2015, led by Alpha Wave Global $40M
- Series G 30 Apr 2020, led by Lupa Systems $35M$625M post-money
- Series H+ this round 31 Dec 2020, led by Alpha Wave Global $100M$1.01B post-money
- Series H+ 11 Aug 2021 $451M$3.00B post-money
- Series H+ 5 Apr 2022, led by CPP Investments $805M$5.00B post-money
- Debt not a venture round 7 Feb 2024 $6.2M
Investors
Who put money in
Alpha Wave Global led the round with 3 other firms.
Lead investor
- Alpha Wave Global backs 78 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was 80% of the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Discord Tech Companies | 25 Nov 2020 | $100M | $7.00B | Greenoaks |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
| Tanium Tech Companies | 18 Sep 2020 | $150M | $9.00B | not named |
| Tech Companies | 18 Jun 2020 | $100M | not disclosed | Apax Partners |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
| VerSe Tech Companies | 11 Aug 2021 | $450M | $3.00B | Siguler Guff |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did DailyHunt raise in its Series H+ round?
DailyHunt raised $100M in its Series H+ round, announced in Dec 2020.
Who led DailyHunt's Series H+ round?
Alpha Wave Global led it, with M12, Lupa India System and Sofina.
What was DailyHunt's valuation at the Series H+ round?
$1.01B post-money.
How does it compare with other Series H+ rounds in Tech Companies?
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was 80% of the median.
Did DailyHunt raise again after this round?
Yes: a Series H+ round in Aug 2021 of $451M at $3.00B post-money.