Funding round
Emeritus Series E
Emeritus, which works in executive education program services in Singapore, raised $650M in a Series E round announced on 11 Aug 2021, led by SoftBank Vision Fund and Accel, at a $3.20B post-money valuation. 9 firms took part. It is Emeritus' third venture round on record; the one before was a Series D in Aug 2020.
$650M
Amount raised
$3.20B
Post-money valuation
$2.55B pre-money
9
Investors
2 leads
4.0x
Step-up from the Series D
$800M in Aug 2020
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Emeritus at $3.20B after the new money, 4.0 times the $800M of its Series D (Aug 2020). The $650M bought investors about 20% of the company. It came 12 months after Emeritus' Series D. It is 84% of the $771M Emeritus has raised in the venture rounds on record. No later venture round is on record for Emeritus.
Emeritus' funding rounds
Emeritus has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund and Accel led the round with 7 other firms.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- backs 8 venture-backed companies new investor
- Chan Zuckerberg Initiative new investor
- Prosus backs 44 venture-backed companies new investor
- Sequoia Capital India new investor
- backs 31 venture-backed companies new investor
- Canada Pension Plan Investment Board new investor
- SoftBank
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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Emeritus Professional & Management Training | 12 Aug 2021 | $650M | $3.20B | Accel and SoftBank Vision Fund |
| BetterUp Professional & Management Training | 8 Oct 2021 | $300M | $4.70B | Wellington Management and ICONIQ Growth |
| Guild Professional & Management Training | 2 Jun 2021 | $150M | $3.75B | General Catalyst |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Emeritus raise in its Series E round?
Emeritus raised $650M in its Series E round, announced in Aug 2021.
Who led Emeritus' Series E round?
SoftBank Vision Fund and Accel led it, with Leeds Illuminate, Chan Zuckerberg Initiative, Prosus, Sequoia Capital India and Bertelsmann Investments and 2 more.
What was Emeritus' valuation at the Series E round?
$3.20B post-money ($2.55B pre-money).