Funding round
Emeritus Series B
Emeritus, which works in executive education program services in Singapore, raised $8.2M in a Series B round announced on 3 Apr 2017, led by Bertelsmann India Investments. 1 firm took part. It is Emeritus' first venture round on record.
$8.2M
Amount raised
Not disclosed
Post-money valuation
1
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, 7 years after it was founded in 2010. It is 1.1% of the $771M Emeritus has raised in the venture rounds on record. Emeritus raised again 40 months later: a Series D round of $113M in Aug 2020, at $800M post-money.
Emeritus' funding rounds
Emeritus has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Bertelsmann India Investments led the round.
Lead investor
- backs 20 venture-backed companies new 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
7 Series B rounds in Professional & Management Training within a year either side disclosed an amount; the median was $16M, and this round was 51% of the median. The closest in time, other companies' Series B rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Professional & Management Training | 27 Jul 2017 | $16M | not disclosed | NewSpring |
| Guild Professional & Management Training | 6 Sep 2017 | $21M | not disclosed | Bessemer Venture Partners |
| Professional & Management Training | 28 Nov 2017 | $10M | not disclosed | Owl Ventures |
| Professional & Management Training | 28 Sep 2016 | $9.0M | not disclosed | Altos Ventures |
| Professional & Management Training | 15 Feb 2018 | $32M | not disclosed | WestRiver Group and Boeing |
| BetterUp Professional & Management Training | 28 Mar 2018 | $26M | $125M | Lightspeed Venture Partners |
| Professional & Management Training | 26 May 2016 | $12M | not disclosed | Amasia and Omidyar Network |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Emeritus raise in its Series B round?
Emeritus raised $8.2M in its Series B round, announced in Apr 2017.
Who led Emeritus' Series B round?
Bertelsmann India Investments led it.
What was Emeritus' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Professional & Management Training?
7 Series B rounds in Professional & Management Training within a year either side disclosed an amount; the median was $16M, and this round was 51% of the median.
Did Emeritus raise again after this round?
Yes: a Series D round in Aug 2020 of $113M at $800M post-money.