Funding round
Domyn Growth
Reported as "Growth Equity"
Domyn, which works in responsible AI solutions development in Milan, raised $720M in a Growth round announced on 1 Jan 2024, at a $1.88B post-money valuation. It is Domyn's second venture round on record; the one before was a Series A in Jul 2022.
$720M
Amount raised
650,000,000 EUR converted
$1.88B
Post-money valuation
1.1x
Step-up from the Series A
$1.78B in Jul 2022
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Domyn at $1.88B after the new money, 1.1 times the $1.78B of its Series A (Jul 2022). The $720M bought investors about 15% of the company. It came 18 months after Domyn's Series A. It is 99% of the $730M Domyn has raised in the venture rounds on record. No later venture round is on record for Domyn.
Domyn's funding rounds
Domyn has 2 venture rounds on record. This one is highlighted.
- Series A 1 Jul 2022 $10M$1.78B post-money
- Growth this round 1 Jan 2024 $720M$1.88B post-money
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
365 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 15 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jan 2024 | $228M | not disclosed | TPG |
| Perk Tech Companies | 23 Jan 2024 | $104M | $1.40B | SoftBank Vision Fund and SoftBank |
| Tech Companies | 9 Jan 2024 | $100M | not disclosed | not named |
| Tech Companies | 9 Jan 2024 | $95M | not disclosed | Updata Partners |
| Tech Companies | 24 Jan 2024 | $90M | not disclosed | not named |
| Tech Companies | 18 Jan 2024 | $58M | not disclosed | Volition Capital |
| Tech Companies | 18 Jan 2024 | $44M | not disclosed | BlackRock and JPMorgan Chase |
| Tech Companies | 10 Jan 2024 | $43M | not disclosed | Edison Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Domyn raise in its Growth round?
Domyn raised $720M in its Growth round, announced in Jan 2024.
What was Domyn's valuation at the Growth round?
$1.88B post-money.
How does it compare with other Growth rounds in Tech Companies?
365 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 15 times the median.