Funding round
DailyHunt Series H+
Reported as "Series J"
DailyHunt, which works in multilingual news content delivery in Koramangala, raised $805M in a Series H+ round announced on 5 Apr 2022, led by CPP Investments, at a $5.00B post-money valuation. 1 firm took part. It is DailyHunt's fifth venture round on record; the one before was a Series H+ in Aug 2021.
$805M
Amount raised
$5.00B
Post-money valuation
1
Investors
1 lead
1.7x
Step-up from the Series H+
$3.00B in Aug 2021
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DailyHunt at $5.00B after the new money, 1.7 times the $3.00B of its Series H+ (Aug 2021). The $805M bought investors about 16% of the company. It came 8 months after DailyHunt's Series H+. It is 56% of the $1.43B DailyHunt has raised in the venture rounds on record. No later venture round is on record for DailyHunt.
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+ 11 Aug 2021 $451M$3.00B post-money
- Series H+ this round 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
CPP Investments led the round.
Lead investor
- CPP Investments 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
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $328M, and this round was 2.5 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| VerSe Tech Companies | 30 Apr 2022 | $563M | not disclosed | not named |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Tech Companies | 31 May 2022 | $4.3M | not disclosed | Catalyst Romania |
| ShareChat Tech Companies | 16 Jun 2022 | $255M | $5.00B | GV |
| Tech Companies | 15 Jun 2022 | $5.2M | not disclosed | Statkraft Ventures and Breed Reply |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
| Tech Companies | 10 Nov 2022 | $14M | $1.30B | not named |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did DailyHunt raise in its Series H+ round?
DailyHunt raised $805M in its Series H+ round, announced in Apr 2022.
Who led DailyHunt's Series H+ round?
CPP Investments led it.
What was DailyHunt's valuation at the Series H+ round?
$5.00B 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 $328M, and this round was 2.5 times the median.