Funding round
Divergent Technologies Series D
Divergent Technologies, which works in digital manufacturing solutions development in Torrance, raised $230M in a Series D round announced on 13 Nov 2023, led by Hexagon AB. 10 firms took part, 1 of them already investors. It is Divergent Technologies' second venture round on record; the one before was a Series B in Nov 2017.
$230M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Divergent Technologies did not disclose a valuation in this round. It came 72 months after Divergent Technologies' Series B. It is 39% of the $585M Divergent Technologies has raised in the venture rounds on record. Divergent Technologies raised again 22 months later: a Series E round of $290M in Sep 2025, at $2.30B post-money.
Investors
Who put money in
Hexagon AB led the round with 9 other firms. Hexagon AB had backed Divergent Technologies before.
Lead investor
- Hexagon AB existing investor
Also in the round
- backs 5 venture-backed companies new investor
- Alumni Ventures Group new investor
- new investor
- backs 2 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Lateralus Holdings new investor
- backs 2 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- new and existing institutional and family office investors new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 30 Nov 2023 | $138M | not disclosed | Explorer 1 Fund and Eclipse |
| Tech Companies | 7 Nov 2023 | $120M | $1.12B | Lightspeed Venture Partners |
| Ridesharing | 7 Nov 2023 | $105M | not disclosed | NTT Group |
| Loans & Financing | 10 Nov 2023 | $60M | $1.05B | not named |
| Vitamins & Supplements | 7 Nov 2023 | $47M | not disclosed | Brentwood Associates |
| Medical Supply Manufacturers | 21 Nov 2023 | $40M | not disclosed | Cormorant Asset Management and The Capital Partnership |
| Travel Agencies | 20 Nov 2023 | undisclosed | not disclosed | not named |
| Electronical Components Manufacturing | 6 Dec 2023 | $231M | not disclosed | M&G and National Wealth Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Divergent Technologies raise in its Series D round?
Divergent Technologies raised $230M in its Series D round, announced in Nov 2023.
Who led Divergent Technologies' Series D round?
Hexagon AB led it, with Advection Growth Capital, Alumni Ventures Group, GenerativeIQ, Greenbridge and Inbox Capital and 4 more.
What was Divergent Technologies' valuation at the Series D round?
It was not disclosed.
Did Divergent Technologies raise again after this round?
Yes: a Series E round in Sep 2025 of $290M at $2.30B post-money.