Funding round
Divergent Technologies Series B
Divergent Technologies, which works in digital manufacturing solutions development in Torrance, raised $65M in a Series B round announced on 22 Nov 2017, led by O Luxe Holdings Limited. 4 firms took part. It is Divergent Technologies' first venture round on record.
$65M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Divergent Technologies did not disclose a valuation in this round. It is Divergent Technologies' first venture round on record, 3 years after it was founded in 2014. It is 11% of the $585M Divergent Technologies has raised in the venture rounds on record. Divergent Technologies raised again 72 months later: a Series D round of $230M in Nov 2023. Its next priced round, a Series E in Sep 2025, valued it at $2.30B.
Investors
Who put money in
O Luxe Holdings Limited led the round with 3 other firms.
Lead investor
- O Luxe Holdings Limited new investor
Also in the round
- backs 97 venture-backed companies new investor
- Shanghai Alliance Investment Limited new investor
- Altran Technologies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and geographic expansion.
- Product development
- Geographic expansion
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| WeLab Banks & ATMs | 8 Nov 2017 | $220M | not disclosed | Alibaba Entrepreneurs Fund and International Finance Corporation |
| Tech Companies | 24 Nov 2017 | $200M | not disclosed | Spark Capital |
| Tech Companies | 20 Nov 2017 | $65M | not disclosed | Emerald Media |
| Biotechnology | 27 Nov 2017 | $57M | not disclosed | RA Capital |
| Pharmaceutical Products | 6 Nov 2017 | $49M | not disclosed | Abingworth |
| Tech Companies | 28 Nov 2017 | $35M | not disclosed | Fujitsu Limited |
| Pharmaceutical Products | 8 Nov 2017 | $32M | not disclosed | Taikang Investment through Shandong State-owned Taikang Industry Development Fund (Taikang) |
| Tech Companies | 16 Nov 2017 | $30M | not disclosed | Temasek |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Divergent Technologies raise in its Series B round?
Divergent Technologies raised $65M in its Series B round, announced in Nov 2017.
Who led Divergent Technologies' Series B round?
O Luxe Holdings Limited led it, with Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies.
What was Divergent Technologies' valuation at the Series B round?
It was not disclosed.
Did Divergent Technologies raise again after this round?
Yes: a Series D round in Nov 2023 of $230M.