Funding round
DailyHunt Series H+
Reported as "Series I"
DailyHunt, which works in multilingual news content delivery in Koramangala, raised $451M in a Series H+ round announced on 11 Aug 2021, at a $3.00B post-money valuation. 1 firm took part. It is DailyHunt's fourth venture round on record; the one before was a Series H+ in Dec 2020.
$451M
Amount raised
$3.00B
Post-money valuation
1
Investors
no lead named
3.0x
Step-up from the Series H+
$1.01B in Dec 2020
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DailyHunt at $3.00B after the new money, 3.0 times the $1.01B of its Series H+ (Dec 2020). The $451M bought investors about 15% of the company. It came 8 months after DailyHunt's Series H+. It is 32% of the $1.43B DailyHunt has raised in the venture rounds on record. DailyHunt raised again 8 months later: a Series H+ round of $805M in Apr 2022, at $5.00B 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+ 31 Dec 2020, led by Alpha Wave Global $100M$1.01B post-money
- Series H+ this round 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
1 firm took part; no lead investor was named.
Investors
- B Capital backs 156 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
13 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 2.3 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
| VerSe Tech Companies | 11 Aug 2021 | $450M | $3.00B | Siguler Guff |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| VerSe Tech Companies | 30 Apr 2022 | $563M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did DailyHunt raise in its Series H+ round?
DailyHunt raised $451M in its Series H+ round, announced in Aug 2021.
Which investors took part in DailyHunt's Series H+ round?
B Capital.
What was DailyHunt's valuation at the Series H+ round?
$3.00B post-money.
How does it compare with other Series H+ rounds in Tech Companies?
13 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 2.3 times the median.
Did DailyHunt raise again after this round?
Yes: a Series H+ round in Apr 2022 of $805M at $5.00B post-money.