Funding round
ElasticRun Series E
ElasticRun, which works in multi-channel fulfilment solutions in Pune, raised $330M in a Series E round announced on 17 Feb 2022, led by SoftBank Vision Fund, Goldman Sachs Asset Management and Goldman Sachs, at a $1.50B post-money valuation. 6 firms took part. It is ElasticRun's sixth venture round on record; the one before was a Series D in Apr 2021.
$330M
Amount raised
$1.50B
Post-money valuation
$1.17B pre-money
6
Investors
3 leads
3.8x
Step-up from the Series D
$400M in Apr 2021
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ElasticRun at $1.50B after the new money, 3.8 times the $400M of its Series D (Apr 2021). The $330M bought investors about 22% of the company. It came 10 months after ElasticRun's Series D. It is 71% of the $463M ElasticRun has raised in the venture rounds on record. No later venture round is on record for ElasticRun.
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 28 Apr 2021, led by Avataar Venture Partners and Prosus Ventures $75M$400M post-money
- Series E this round 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
SoftBank Vision Fund, Goldman Sachs Asset Management and Goldman Sachs led the round with 3 other firms.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Goldman Sachs Asset Management new investor
- Goldman Sachs backs 218 venture-backed companies
Also in the round
- Chimera Investment new investor
- backs 28 venture-backed companies new investor
- Prosus Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations, working capital and product development.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
- Product development
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Flexport Trucking and Logistics | 7 Feb 2022 | $935M | $8.00B | Andreessen Horowitz and BDT & MSD Partners |
| Weee! Groceries | 28 Feb 2022 | $425M | $4.10B | SoftBank Vision Fund |
| Uniphore Tech Companies | 16 Feb 2022 | $400M | $2.50B | New Enterprise Associates |
| Somatus Home Health Care | 23 Feb 2022 | $325M | $2.50B | Wellington Management Company |
| Synthego Pharmaceutical Products | 17 Feb 2022 | $200M | not disclosed | Perceptive Advisors |
| General Retail & Merchandise | 17 Feb 2022 | $45M | $1.70B | Abu Dhabi Investment Authority |
| Groceries Delivery | 17 Mar 2022 | $768M | $11.80B | Mubadala |
| Fireblocks Software Development Services | 27 Jan 2022 | $550M | $8.00B | D1 Capital Partners and Spark Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did ElasticRun raise in its Series E round?
ElasticRun raised $330M in its Series E round, announced in Feb 2022.
Who led ElasticRun's Series E round?
SoftBank Vision Fund, Goldman Sachs Asset Management and Goldman Sachs led it, with Chimera Investment, InnoVen Capital and Prosus Ventures.
What was ElasticRun's valuation at the Series E round?
$1.50B post-money ($1.17B pre-money).