Funding round
Emeritus Series C
Emeritus, which works in online education services in Boston, raised $40M in a Series C round announced on 10 Jan 2019, led by Sequoia India. 2 firms took part, 1 of them already investors. It is Emeritus' first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Emeritus did not disclose a valuation in this round. It is Emeritus' first venture round on record, 4 years after it was founded in 2015. It is 5.8% of the $690M Emeritus has raised in the venture rounds on record. Emeritus raised again 31 months later: a Series E round of $650M in Aug 2021, at $3.20B post-money.
Emeritus' funding rounds
Emeritus has 2 venture rounds on record. This one is highlighted.
- Series C this round 10 Jan 2019, led by Sequoia India $40M
- Series E 12 Aug 2021, led by Accel and SoftBank Vision Fund $650M$3.20B post-money
Investors
Who put money in
Sequoia India led the round with 1 other firm. Bertelsmann India Investments had backed Emeritus before.
Lead investor
- Sequoia India new investor
Also in the round
- backs 20 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 and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
6 Series C rounds in Professional & Management Training within a year either side disclosed an amount; the median was $34M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Professional & Management Training | 15 Jan 2019 | $20M | not disclosed | Jump Capital and Owl Ventures |
| Professional & Management Training | 2 Oct 2018 | $18M | not disclosed | ABS Capital |
| BetterUp Professional & Management Training | 12 Jun 2019 | $103M | not disclosed | Lightspeed Venture Partners |
| Guild Professional & Management Training | 25 Jul 2018 | $40M | not disclosed | Felicis |
| Professional & Management Training | 24 Jul 2018 | $28M | not disclosed | Union Square Ventures |
| Professional & Management Training | 6 Mar 2018 | $42M | not disclosed | Owl Ventures and Jump Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Emeritus raise in its Series C round?
Emeritus raised $40M in its Series C round, announced in Jan 2019.
Who led Emeritus' Series C round?
Sequoia India led it, with Bertelsmann India Investments.
What was Emeritus' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Professional & Management Training?
6 Series C rounds in Professional & Management Training within a year either side disclosed an amount; the median was $34M, and this round was 1.2 times the median.
Did Emeritus raise again after this round?
Yes: a Series E round in Aug 2021 of $650M at $3.20B post-money.