Funding round
ElasticRun Series D
ElasticRun, which works in multi-channel fulfilment solutions in Pune, raised $75M in a Series D round announced on 28 Apr 2021, led by Avataar Venture Partners and Prosus Ventures, at a $400M post-money valuation. 3 firms took part, 3 of them already investors. It is ElasticRun's fifth venture round on record; the one before was a Growth in Oct 2019.
$75M
Amount raised
$400M
Post-money valuation
$325M pre-money
3
Investors
2 leads
55x
Step-up from the Seed
$7.3M in Jan 2016
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ElasticRun at $400M after the new money, 55.2 times the $7.3M of its Seed (Jan 2016). The $75M bought investors about 19% of the company. It came 18 months after ElasticRun's Growth. It is 16% of the $463M ElasticRun has raised in the venture rounds on record. ElasticRun raised again 10 months later: a Series E round of $330M in Feb 2022, at $1.50B post-money.
ElasticRun's funding rounds
ElasticRun has 6 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2016 $2.0M$7.3M post-money
- Series A 4 Apr 2017, led by Kalaari Capital and Norwest $7.0M
- Series B 1 Jan 2018 $8.5M
- Growth 30 Oct 2019, led by Prosus Ventures $40M
- Series D this round 28 Apr 2021, led by Avataar Venture Partners and Prosus Ventures $75M$400M post-money
- Series E 17 Feb 2022, led by SoftBank Vision Fund, Goldman Sachs Asset Management and Goldman Sachs $330M$1.50B post-money
Investors
Who put money in
Avataar Venture Partners and Prosus Ventures led the round with 1 other firm. Avataar Venture Partners, Prosus Ventures and Kalaari Capital had backed ElasticRun before.
Lead investors
- backs 18 venture-backed companies existing investor
- Prosus Ventures existing investor
Also in the round
- backs 74 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Warehousing & Storage, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Stord Warehousing & Storage | 14 Sep 2021 | $90M | $1.10B | Kleiner Perkins |
| SambaNova Tech Companies | 13 Apr 2021 | $676M | $5.00B | SoftBank Vision Fund |
| Kavak Hosting & Cloud Infrastructure Providers | 7 Apr 2021 | $485M | $4.00B | D1 Capital Partners and Founders Fund |
| Payment Processing & Point of Sale | 1 Apr 2021 | $425M | $7.40B | Tiger Global |
| Plaid Payment Processing & Point of Sale | 7 Apr 2021 | $425M | $13.40B | Altimeter and Silver Lake |
| Trucking and Logistics | 28 Apr 2021 | $300M | not disclosed | ATL Partners |
| Paxos Cryptocurrency | 29 Apr 2021 | $300M | $2.40B | Oak HC/FT |
| Greenlight Payment Processing & Point of Sale | 27 Apr 2021 | $260M | $2.30B | Andreessen Horowitz |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did ElasticRun raise in its Series D round?
ElasticRun raised $75M in its Series D round, announced in Apr 2021.
Who led ElasticRun's Series D round?
Avataar Venture Partners and Prosus Ventures led it, with Kalaari Capital.
What was ElasticRun's valuation at the Series D round?
$400M post-money ($325M pre-money).
Did ElasticRun raise again after this round?
Yes: a Series E round in Feb 2022 of $330M at $1.50B post-money.