Funding round
DayOne Series A
DayOne, which works in digital infrastructure development and operation in Iskandar Puteri, raised $587M in a Series A round announced on 26 Mar 2024, at a $2.30B post-money valuation. 5 firms took part. It is DayOne's first venture round on record.
$587M
Amount raised
$2.30B
Post-money valuation
$750M pre-money
5
Investors
no lead named
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DayOne at $2.30B after the new money. The $587M bought investors about 26% of the company. It is 23% of the $2.59B DayOne has raised in the venture rounds on record. DayOne raised again 22 months later: a Series C round of $2.00B in Jan 2026.
DayOne's funding rounds
DayOne has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 26 Mar 2024 $587M$2.30B post-money
- Debt not a venture round 4 Dec 2025 $580M
- Series C 5 Jan 2026, led by Coatue $2.00B
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Hillhouse backs 54 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- Princeville Capital new investor
- Tekne Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
19 Series A rounds in Data Solutions within a year either side disclosed an amount; the median was $11M, and this round was 55 times the median. The closest in time, other companies' Series A rounds in Data Solutions:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Data Solutions | 1 Feb 2024 | $12M | not disclosed | 20VC and Chalfen Ventures |
| Data Solutions | 25 Apr 2024 | $12M | not disclosed | AlbionVC |
| Data Solutions | 18 Apr 2024 | $11M | not disclosed | Spark Capital |
| Data Solutions | 7 Apr 2024 | $2.8M | not disclosed | Partners Fund |
| Data Solutions | 1 Feb 2024 | $1.3M | not disclosed | Passion Capital |
| Data Solutions | 6 Feb 2024 | undisclosed | not disclosed | not named |
| Data Solutions | 29 May 2024 | undisclosed | not disclosed | Nellore Capital |
| Data Solutions | 26 Jun 2024 | $18M | not disclosed | GV |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did DayOne raise in its Series A round?
DayOne raised $587M in its Series A round, announced in Mar 2024.
Which investors took part in DayOne's Series A round?
Hillhouse, Rava Partners, Boyu Capital, Princeville Capital and Tekne Capital.
What was DayOne's valuation at the Series A round?
$2.30B post-money ($750M pre-money).
How does it compare with other Series A rounds in Data Solutions?
19 Series A rounds in Data Solutions within a year either side disclosed an amount; the median was $11M, and this round was 55 times the median.
Did DayOne raise again after this round?
Yes: a Series C round in Jan 2026 of $2.00B.