Funding round
Datasite Growth
Reported as "Growth Equity"
Datasite, which works in virtual data room solutions in Minneapolis, raised $500M in a Growth round announced on 4 Jun 2025, led by CapVest. 1 firm took part, 1 of them already investors.
$500M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Datasite did not disclose a valuation in this round. It is Datasite's first venture round on record, 7 years after it was founded in 2018. No later venture round is on record for Datasite.
Datasite's funding rounds
This is the only venture round on record for Datasite.
- Growth this round 4 Jun 2025, led by CapVest $500M
Investors
Who put money in
CapVest led the round. CapVest had backed Datasite before.
Lead investor
- existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
418 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 10 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 30 Jun 2025 | $10.00B | $55.00B | T. Rowe Price |
| Athelas Tech Companies | 19 Jun 2025 | $200M | not disclosed | General Catalyst |
| Commure Tech Companies | 19 Jun 2025 | $200M | not disclosed | General Catalyst |
| Tech Companies | 10 Jun 2025 | $200M | not disclosed | Sixth Street |
| Motive Tech Companies | 1 Jun 2025 | $150M | not disclosed | Kleiner Perkins |
| Fever Tech Companies | 4 Jun 2025 | $100M | not disclosed | L Catterton and Point72 Ventures |
| Tech Companies | 18 Jun 2025 | $100M | $1.20B | Danu Venture Group and AMD Ventures |
| Tech Companies | 26 Jun 2025 | $75M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Datasite raise in its Growth round?
Datasite raised $500M in its Growth round, announced in Jun 2025.
Who led Datasite's Growth round?
CapVest led it.
What was Datasite's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
418 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 10 times the median.