Funding round
Eon Growth
Reported as "Growth Equity"
Eon, which works in cloud backup posture management solutions in New York, raised $127M in a Growth round announced on 1 Oct 2024. 3 firms took part. It is Eon's first venture round on record.
$127M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Eon did not disclose a valuation in this round. It is Eon's first venture round on record, in the year it was founded (2024). It is 20% of the $624M Eon has raised in the venture rounds on record. Eon raised again: a Seed round of $20M in Oct 2024. Its next priced round, a Series C in Nov 2024, valued it at $1.40B.
Eon's funding rounds
Eon has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Sequoia Capital backs 589 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Greenoaks backs 77 venture-backed companies new investor
Comparable rounds
How it compares
405 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 2.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OpenAI Tech Companies | 2 Oct 2024 | $6.60B | $157.00B | Thrive Capital |
| Tech Companies | 15 Oct 2024 | $300M | not disclosed | not named |
| Tech Companies | 29 Oct 2024 | $115M | not disclosed | Edison Partners |
| Tech Companies | 30 Oct 2024 | $100M | $1.60B | not named |
| Tech Companies | 16 Oct 2024 | $74M | not disclosed | not named |
| Tech Companies | 21 Oct 2024 | $60M | not disclosed | Elda River and The Pritzker Organization |
| Tech Companies | 1 Oct 2024 | $55M | not disclosed | not named |
| Tech Companies | 1 Oct 2024 | $47M | not disclosed | PSG |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Eon raise in its Growth round?
Eon raised $127M in its Growth round, announced in Oct 2024.
Which investors took part in Eon's Growth round?
Sequoia Capital, Lightspeed Venture Partners and Greenoaks.
What was Eon's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
405 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 2.6 times the median.
Did Eon raise again after this round?
Yes: a Seed round in Oct 2024 of $20M.